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. In the quarter to June 2026, revenue fell 28.2%, EPS fell 1,833.3%, free cash flow was flat and total debt fell 23.7%, each against the same quarter a year earlier.
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Antalpha Platform Holding Company (ANTA) Piotroski F-score
Antalpha Platform Holding Company's Piotroski F-score for fiscal 2025 is 4 out of 9: 4 of nine tests of profitability, leverage and efficiency passed.
Piotroski F-score, annual
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Annual newest first
| Period | Piotroski F-score | Change (points) |
|---|---|---|
| FY2025 | 4 | — |
How fiscal 2025’s score is made up
| Test | This year | Year before | Result | Points |
|---|---|---|---|---|
| Positive return on assets | 1.33% | 0.44% | Pass | 1 |
| Positive operating cash flow | (3.84m) | (11.69m) | Fail | 0 |
| Rising return on assets | 1.33% | 0.44% | Pass | 1 |
| Cash flow above net income | (28.27m) | (16.09m) | Fail | 0 |
| Falling long-term leverage | 0.39 | 0.13 | Fail | 0 |
| Rising current ratio | 1.16 | 1.05 | Pass | 1 |
| No new shares issued | 22,064,000 | 19,250,000 | Fail | 0 |
| Rising gross margin | 49.06% | 48.12% | Pass | 1 |
| Rising asset turnover | 0.04 | 0.05 | Fail | 0 |
| Piotroski F-score | Mixed | 4 | ||
How the Piotroski F-score works
One point for each of nine tests, this fiscal year against the one before: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, a rising current ratio, no new shares issued, a rising gross margin and rising asset turnover. The ratios are the ones on this site, so each can be checked.
Joseph Piotroski (2000) called 8–9 high and 0–1 low; reading it in three bands is the common convention:
| 7–9 | Strong — most fundamentals improved |
|---|---|
| 4–6 | Mixed |
| 0–3 | Weak — most fundamentals deteriorated |
Where this differs from the paper: return on assets is on average rather than beginning-of-year assets, and weighted basic shares stand in for shares issued. The score is shown only when all nine tests can be worked out, which takes three fiscal years; banks and insurers, which report no current assets or gross profit, have none.
Piotroski F-score against peers
| Company | Piotroski F-score |
|---|---|
| XYF X Financial Sponsored ADR compare | 7 |
| YRD Yirendai Ltd. compare | 6 |
| LX LexinFintech Holdings Ltd. Sponsored ADR compare | 6 |
| VRM Vroom, Inc. compare | 5 |
| JFIN Jiayin Group Inc. Sponsored ADR compare | 5 |
| ANTA Antalpha Platform Holding Company | 4 |
| WEI Weidai Ltd. Sponsored ADR compare | 3 |
| OMCC Old Market Capital Corporation compare | 3 |
| SUIG Sui Group Holdings Limited compare | 2 |
What Piotroski F-score is
The Piotroski F-Score tells an investor how many signs of improving profitability, funding and efficiency a company shows against a year earlier.
One point for each of nine tests against a year earlier: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, rising current ratio, no new shares issued, rising gross margin, and rising asset turnover