Antalpha Platform Holding Company Class A Ordinary Shares (ANTA)

FairStock Score: 64/100 — STEADY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look for businesses I can understand, with durable advantages and honest finances. Antalpha sells financing, technology, and risk management to the digital asset industry through Antalpha Prime and XAUt Treasury Strategy. That is a cyclical, competitive field, and I see no obvious moat from the data; it has only 113 employees and no Lynch category because there are only zero years of filed results, while three are needed. Financial health is poor. In the second quarter of fiscal 2026, revenue was $12.2 million and net income was negative $12.5 million, a -102.75% margin. FairStock calculates a debt-to-equity ratio of 2.27, an Altman Z-Score of 0.41, ROE of 0.54%, and ROCE of -0.18%. Those are not the marks of a fortress balance sheet. The valuation is mixed. At the 2026-10-13 close of $2.46, FairStock calculates P/B of 0.53, P/E of 9.86, Graham Number of $5.13, and a 51.95% margin of safety; EV/EBITDA is 31.93. So the stock looks cheap on book value and Graham math, but expensive on EBITDA and risky given the latest loss. The 52-week range of $2.05 to $12.44 shows how violently expectations have swung. The Piotroski F-Score of 4/9 and FairStock Score of 64/100 suggest mediocrity rather than clear strength. Growth trajectory appears negative, not just slow: the quarterly loss overwhelms revenue. I would want evidence of sustainable earnings, lower leverage, and positive returns on capital before treating this as a true bargain. A low price is not the same as a safe value.

In plain English: Antalpha provides financing, technology, and risk management for the digital asset industry, including a digital asset treasury strategy. The business looks weak right now: in the second quarter of fiscal 2026 it lost more money than it brought in, and it uses a lot of borrowed money. The stock price may look cheap compared with its accounting value and a simple value estimate, but the losses make that cheapness uncertain.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer