Friday 6 November 2026
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Antalpha Platform Holding Company
ANTA Financial Credit Services
Antalpha Platform Holding Company’s revenue for fiscal 2025 (year ended December 2025) was $79.7 million, up 67.9% from fiscal 2024.
- Revenue
- −28.2%
- EPS
- −1,833.3%
- Free cash flow
- 0.00%
- Total debt
- −23.7%
Quarter to June 2026, against a year earlier
1.84
0.19
+11.52%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Jun ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | — | — | — | — | — | — | — | 11 | 47 | 80 | 82 | +165.9% | 57 | 79 | 146 | +22.5% | |
| Gross margin, % | — | — | — | — | — | — | — | 44.09 | 48.12 | 49.06 | 49.97 | +5.0 pt | ||||||
| EBT | — | — | — | — | — | — | — | (8) | 5 | 27 | 2 | n/m | ||||||
| EBT margin, % | — | — | — | — | — | — | — | (70.11) | 10.45 | 33.60 | 2.73 | +103.7 pt | ||||||
| Net income | — | — | — | — | — | — | — | (7) | 4 | 24 | 24 | n/m | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | — | — | — | — | — | — | — | 0.59 | 2.47 | 3.61 | 3.42 | +148.3% | |||||
| Earnings | — | — | — | — | — | — | — | (0.34) | 0.23 | 0.84 | 0.59 | n/m | ||||||
| Cash flow | — | — | — | — | — | — | — | (0.64) | (0.61) | (0.17) | 0.00 | (47.7%) | ||||||
| Capex | — | — | — | — | — | — | — | 0.00 | (0.01) | (0.03) | 0.00 | +212.7% | ||||||
| Free cash flow | — | — | — | — | — | — | — | (0.64) | (0.62) | (0.21) | 0.00 | (43.3%) | ||||||
| Book value | — | — | — | — | — | — | — | 0.66 | 2.41 | 9.17 | 7.65 | +272.7% | ||||||
| Shares, m | — | — | — | — | — | — | — | 19 | 19 | 22 | 23 | +7.1% | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | — | — | — | — | — | — | — | 43.58 | 43.58 | 7.98 | 2.78 | 31.7 | |||||
| P/S | — | — | — | — | — | — | — | 4.79 | 4.79 | 2.46 | 0.48 | 4.0 | ||||||
| P/B | — | — | — | — | — | — | — | 5.31 | 5.31 | 0.97 | 0.20 | 3.9 | ||||||
| EV/Sales | — | — | — | — | — | — | — | 8.49 | 8.49 | 11.41 | — | 9.5 | ||||||
| EV/FCF | — | — | — | — | — | — | — | (36.82) | (36.82) | (56.56) | — | (43.4) | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | — | — | — | — | — | — | — | (12) | (12) | (4) | (16) | (44.0%) | |||||
| Capex | — | — | — | — | — | — | — | 0 | 0 | (1) | (1) | +235.2% | ||||||
| Free cash flow | — | — | — | — | — | — | — | (12) | (12) | (5) | (16) | (39.3%) | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | — | — | — | — | — | — | — | 7 | 54 | 121 | 193 | +309.1% | |||||
| Net debt | — | — | — | — | — | — | — | 190 | 122 | 713 | 88 | +93.9% | ||||||
| Shareholders’ equity | — | — | — | — | — | — | — | 13 | 46 | 202 | 184 | +299.0% | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | — | — | — | — | — | — | — | 0.00 | 0.44 | 1.33 | 0.85 | +1.3 pt | |||||
| ROIC | — | — | — | — | — | — | — | (2.35) | 1.18 | 1.03 | (0.95) | +3.4 pt | ||||||
| ROE | — | — | — | — | — | — | — | 0.00 | 14.87 | 19.65 | 0.00 | +19.7 pt | ||||||
| People | ||||||||||||||||||
| People | Employees | — | — | — | — | — | — | — | — | 96 | 95 | — | (1.0%) | |||||
| Revenue/emp, $m | — | — | — | — | — | — | — | 0.00 | 0.49 | 0.84 | — | n/m | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Jun 2026
Antalpha Platform Holding Company vs peers in Credit Services (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| XYF X Financial Sponsored ADR | $107.3M | 2.2× | — | −53.85% (below 0%: shrinking) | −89.20% (below 0%: shrinking) | +194.87% (above 0%: growing) | 57.63% | 19.62% | Compare |
| LX LexinFintech Holdings Ltd. Sponsored ADR | $83.7M | 0.7× | — (loss-making) | −6.21% (below 0%: shrinking) | −78.57% (below 0%: shrinking) | +2,545.55% (above 0%: growing) | 15.55% | (3.30%) | Compare |
| SUIG Sui Group Holdings Limited | $71.0M | — (loss-making) | — (loss-making) | −61.71% (below 0%: shrinking) | n/m | −651.07% (below 0%: shrinking) | 100.00% | (5,439.12%) | Compare |
| ANTA Antalpha Platform Holding Company | $39.5M | 2.8× | — (loss-making) | −28.24% (below 0%: shrinking) | n/m | 0.00% | 56.88% | (205.39%) | |
| JFIN Jiayin Group Inc. Sponsored ADR | $38.0M | 1.9× | — (loss-making) | −58.75% (below 0%: shrinking) | n/m | +213.65% (above 0%: growing) | 25.45% | (33.47%) | Compare |
| VRM Vroom, Inc. | $34.9M | — (loss-making) | — (loss-making) | −4.68% (below 0%: shrinking) | n/m | +8.45% (above 0%: growing) | 100.00% | 49.68% | Compare |
| YRD Yirendai Ltd. | $31.7M | — (loss-making) | 2.1× | −43.13% (below 0%: shrinking) | n/m | −332.34% (below 0%: shrinking) | 78.70% | (39.50%) | Compare |
| JF J and Friends Holdings Limited - Sponsored ADR | $15.7M | — (loss-making) | — | −64.26% (below 0%: shrinking) | n/m | — | 0.00% | 0.00% | Compare |
| AIJTY Jianpu Technology Inc. | $12.8M | — (loss-making) | — (loss-making) | +2.06% (above 0%: growing) | n/m | −75.61% (below 0%: shrinking) | 27.49% | (3.82%) | Compare |
| Median of peers | $36.5M | 1.9× | — | −48.49% | — | +8.45% | 42.56% | (3.56%) |