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Antalpha Platform Holding Co

ANTA Clue Score68
Cayman Islands Fiscal year ends December CIK 0002044255
$2.39 +0.84% Close, 12 Oct 2026
Price $2.39 −79.87% Close, 12 Oct 2026

Closing prices at the end of each trading day, from 13 May 2025. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2023Revenue11.3Operating income−7.6Net income−6.6EPS, diluted−0.34Fiscal year 2024Revenue47.5 +321.0%Operating income3.2Net income4.4EPS, diluted0.23Fiscal year 2025Revenue79.7 +67.9%Operating income15.0Net income24.4 +456.2%EPS, diluted0.75 +226.1%
FY2023FY2024FY2025
Revenue 11.3 47.5 79.7
Growth +321.0% +67.9%
Operating income −7.6 3.2 15.0
Net income −6.6 4.4 24.4
Growth +456.2%
EPS, diluted −0.34 0.23 0.75
Growth +226.1%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2023Operating margin−67.6%Net margin−58.4%Free cash flow margin−109.1%Fiscal year 2024Operating margin6.7%Net margin9.3%Free cash flow margin−25.0%Fiscal year 2025Operating margin18.8%Net margin30.7%Free cash flow margin−5.3%
FY2023FY2024FY2025
Operating margin −67.6% 6.7% 18.8%
Net margin −58.4% 9.3% 30.7%
Free cash flow margin −109.1% −25.0% −5.3%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2023Operating cash flow−12.2Capital expenditure−0.1Free cash flow−12.3Fiscal year 2024Operating cash flow−11.7Capital expenditure−0.2Free cash flow−11.9Fiscal year 2025Operating cash flow−3.8Capital expenditure−0.4Free cash flow−4.2
FY2023FY2024FY2025
Operating cash flow −12.2 −11.7 −3.8
Capital expenditure −0.1 −0.2 −0.4
Free cash flow −12.3 −11.9 −4.2
Growth

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2023Cash0.4Shareholders’ equity12.7Fiscal year 2024Cash5.9Total debt200.8Net cash (debt)−194.9Shareholders’ equity46.4Debt to equity4.33Fiscal year 2025Cash7.9Total debt15.8Net cash (debt)−7.9Shareholders’ equity119.7Debt to equity0.13
FY2023FY2024FY2025
Cash 0.4 5.9 7.9
Total debt n/a 200.8 15.8
Net cash (debt) n/a −194.9 −7.9
Shareholders’ equity 12.7 46.4 119.7
Debt to equity n/a 4.33 0.13

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Balance sheet

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Assets
0.4 5.9 7.9
n/a 4.1 8.0
n/a 0.2 0.4
n/a n/a 21.7
n/a 1,254.6 2,407.0
Growth +91.8%
Liabilities
n/a 200.8 15.8
calc n/a 200.8 15.8
n/a 1,208.3 2,204.6
Equity
n/a −2.2 16.3
12.7 46.4 119.7
Growth +264.9% +158.0%
Per share and net cash
calc n/a −194.9 −7.9
n/a 19.3 n/a
calc n/a 2.41 n/a

Lines marked calc are worked out here from filed figures; point at one for how.