The company's financial position is increasingly vulnerable, evidenced by an accumulated deficit of $146.1 million and a total asset base that contracted from $43.5 million in 2025Q3 to $23.9 million in 2026Q1.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Mar'19 | Mar'18 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 |
|---|
| Total Current Assets | 23.49M | 30.95M | 4.68M | 1.17M | 10.82M | 20.8M | 28.22M | 2.21M | 1.83M | 2.07M | 7.2M | 16.01M | 2.8M | 524.86K | 1.85M |
| Cash & Short-Term Investments | 6.2M | 19.33M | 1.17M | 401.8K | 3.17M | 17.54M | 23.98M | 1.7M | 125.12K | 60.72K | 7.05M | 15.82M | 2.75M | 448.23K | 1.77M |
| Cash Only | 6.2M | 19.33M | 1.17M | 401.8K | 3.17M | 17.54M | 23.98M | 1.7M | 125.12K | 60.72K | 7.05M | 15.82M | 2.75M | 448.23K | 1.77M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 385.43K | 343.06K | 2.01M | 0 | 538.59K | 822.35K | 615.76K | 771 | 889.89K | 838.61K | 0 | 0 | 0 | 0 | 0 |
| Days Sales Outstanding | - | - | - | - | - | 53.09 | 52.19 | - | 55.97 | 31.31 | - | - | - | - | - |
| Inventory | 0 | 0 | 0 | 0 | 1.59M | 1.06M | 953.46K | 0 | 747.58K | 1.11M | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | 47.6K | 88.95 | 48.43 | - | 50.3 | 49.9 | - | - | - | - | - |
| Other Current Assets | 6.25M | 10.25M | 31.2K | 25.05K | 4.16M | 3.58K | 0 | 509.52K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Non-Current Assets | 416.5K | 325.08K | 2K | 866.48K | 8.26M | 2.04M | 902.09K | 586.76K | 2.13M | 2.13M | 33.87K | 31.01K | 158.96K | 22.84K | 8.39K |
| Property, Plant & Equipment | 0 | 0 | 0 | 0 | 26.24K | 1.85M | 696.07K | 108.69K | 1.7M | 1.89M | 23.54K | 20.69K | 5.17K | 7.49K | 933 |
| Fixed Asset Turnover | - | - | - | - | - | 3.06x | 6.19x | - | 3.42x | 5.17x | - | - | - | - | - |
| Goodwill | 0 | 0 | 0 | 0 | 625.6K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 406.15K | 314.73K | 0 | 0 | 5.85M | 171.19K | 187.69K | 0 | 403.39K | 218.34K | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 10.35K | 10.35K | 2K | 866.48K | 1.77M | 18.33K | 18.33K | 478.07K | 29.68K | 25.09K | 10.33K | 10.32K | 153.78K | 15.36K | 7.46K |
| Total Assets | 23.9M | 31.28M | 4.69M | 2.03M | 19.08M | 22.84M | 29.13M | 2.8M | 3.96M | 4.21M | 7.24M | 16.04M | 2.96M | 547.71K | 1.86M |
| Asset Turnover | 0.00x | - | - | - | - | 0.25x | 0.15x | - | 1.46x | 2.32x | - | - | - | - | - |
| Asset Growth % | 3727.73% | 567.44% | 130.49% | -89.35% | -16.43% | -21.6% | 941.35% | -29.43% | -5.78% | -41.87% | -54.88% | 441.28% | 441.04% | -70.5% | - |
| Total Current Liabilities | 2.03M | 3.33M | 2.01M | 4.14M | 8.61M | 4.64M | 10.43M | 1.7M | 3.63M | 3.05M | 3.13M | 1.35M | 1.25M | 897.96K | 910.48K |
| Accounts Payable | 1.48M | 1.26M | 1.57M | 2.22M | 619.57K | 886.22K | 500.77K | 1.42M | 397.09K | 494.86K | 0 | 0 | 0 | 0 | 0 |
| Days Payables Outstanding | - | - | - | - | 18.59K | 74.66 | 25.44 | 4.64K | 26.72 | 22.27 | - | - | - | - | - |
| Short-Term Debt | 0 | 142.24K | 0 | 1.3M | 60.2K | 0 | 131.77K | 100.47K | 1.57M | 615.16K | 0 | 0 | 0 | 31.5K | 125.7K |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 116.16K | 135.06K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 551.96K | 141.88K | 269.18K | 184.1K | 6.62M | 1.7M | 8.96M | 179.26K | 1.19M | 1.3M | 3.13M | 1.35M | 1.25M | 866.46K | 784.78K |
| Current Ratio | 11.57x | 9.30x | 2.33x | 0.28x | 1.26x | 4.49x | 2.71x | 1.30x | 0.50x | 0.68x | 2.30x | 11.82x | 2.23x | 0.58x | 2.03x |
| Quick Ratio | 11.57x | 9.30x | 2.33x | 0.28x | 1.07x | 4.26x | 2.61x | 1.30x | 0.30x | 0.32x | 2.30x | 11.82x | 2.23x | 0.58x | 2.03x |
| Cash Conversion Cycle | - | - | - | - | - | 67.38 | 75.18 | - | 79.55 | 58.94 | - | - | - | - | - |
| Total Non-Current Liabilities | 0 | 0 | 0 | 0 | 1.71M | 1.64M | 402.07K | 0 | 477.13K | 135.43K | 0 | 0 | 0 | 0 | 0 |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 6.97K | 0 | 439.81K | 43.09K | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 0 | 0 | 0 | 0 | 1.3M | 1.54M | 236.83K | 0 | 0 | 23.52K | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 357.76K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 158.27K | 0 | 37.32K | 68.83K | 0 | 0 | 0 | 0 | 0 |
| Total Liabilities | 2.03M | 3.33M | 2.01M | 4.14M | 10.32M | 6.27M | 10.83M | 1.7M | 4.11M | 3.19M | 3.13M | 1.35M | 1.25M | 897.96K | 910.48K |
| Total Debt | 0 | 142.24K | 0 | 1.3M | 1.76M | 1.68M | 630.3K | 100.47K | 2.03M | 710.25K | 0 | 0 | 0 | 31.5K | 125.7K |
| Net Debt | -6.2M | -19.19M | -1.17M | 897.41K | -1.41M | -15.86M | -23.35M | -1.6M | 1.91M | 649.53K | -7.05M | -15.82M | -2.75M | -416.73K | -1.64M |
| Debt / Equity | 0.00x | 0.01x | - | - | 0.20x | 0.10x | 0.03x | 0.09x | - | 0.70x | - | - | - | - | 0.13x |
| Debt / EBITDA | -0.00x | - | - | - | - | - | - | - | - | 2.71x | - | - | - | - | - |
| Net Debt / EBITDA | 0.32x | - | - | - | - | - | - | - | - | 2.47x | - | - | - | - | - |
| Interest Coverage | -21.30x | -16.16x | -5.77x | -7.18x | -402.75x | - | - | - | - | - | - | - | -10.69x | -347.40x | -62.25x |
| Total Equity | 21.87M | 27.95M | 2.68M | -2.1M | 8.77M | 16.56M | 18.29M | 1.1M | -148.12K | 1.02M | 4.1M | 14.68M | 1.71M | -350.25K | 946.03K |
| Equity Growth % | 68814.75% | 943.31% | 227.36% | -124% | -47.08% | -9.46% | 1563.18% | 842.61% | -114.53% | -75.15% | -72.06% | 759.49% | 587.82% | -137.02% | - |
| Book Value per Share | 2.84 | 11.61 | 7.41 | -20.73 | 114.14 | 282.34 | 631.98 | 1436.74 | -13.22 | 91.01 | 57029.32 | 622922.95 | 27423.02 | -5621.59 | 15184.12 |
| Total Shareholders' Equity | 21.87M | 27.95M | 2.68M | -2.1M | 7.24M | 16.56M | 18.29M | 1.1M | -148.12K | 1.02M | 4.1M | 14.68M | 1.71M | -350.25K | 946.03K |
| Common Stock | 84.81K | 69.74K | 65.31K | 43.26K | 42.11K | 35.29K | 27.3K | 19.11K | 56.03K | 56.03K | 11.62K | 8.58K | 465 | 451 | 3.23K |
| Retained Earnings | -146.11M | -140.03M | -123.06M | -116.8M | -103.39M | -84.74M | -66.85M | -80.33M | -45.51M | -44.31M | -45.47M | -27.08M | -17.9M | -14.83M | -12.19M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 | 0 | 50.72K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 1.53M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Persistent capital depletion risk
According to historical financial statements, AIXC's total assets have contracted from $43.5 million in 2025Q3 to $23.9 million by 2026Q1, reflecting a rapid depletion of resources that underscores the company's inability to stabilize its financial position while operating without any meaningful revenue generation.
The consistent decline in total assets suggests that the company is consuming its capital base to fund ongoing operational losses rather than investing in productive capacity. This trajectory indicates a high probability of continued financial strain unless the company can secure additional external funding or pivot to a revenue-generating model.
As reported in recent quarterly filings, the company's cash position plummeted from a peak of $38.8 million in 2025Q3 to just $6.2 million in 2026Q1, signaling a significant reduction in the liquidity buffer available to support ongoing administrative and development expenses.
The sharp decline in cash reserves relative to the company's historical burn rate suggests that the current liquidity runway is becoming increasingly constrained. Investors should monitor the current ratio closely, as the rapid consumption of cash may necessitate further dilutive financing to maintain basic operations.
Based on the provided balance sheet data, AIXC's retained earnings have reached a staggering deficit of $146.1 million as of 2026Q1, which highlights the severe and persistent erosion of shareholder equity resulting from years of operational losses and lack of commercial success.
The negative retained earnings balance indicates that the company has consistently failed to generate value for shareholders, effectively consuming the capital provided by investors. This structural impairment of equity suggests that the company's financial foundation is highly fragile and dependent on external capital injections.
As indicated by the 2026Q1 balance sheet, the presence of $406.1K in goodwill alongside zero net property, plant, and equipment suggests that the company's asset base is largely intangible and lacks tangible backing to support its valuation during periods of financial distress.
The reliance on goodwill in the absence of any revenue-generating assets warrants further investigation into the nature of these intangible holdings. This composition implies that the company's book value may be significantly overstated if these assets are subject to future impairment charges.
Quick answers to the most common questions about buying AIXC stock.
As of 2025, AIxCrypto Holdings, Inc. (AIXC) had total assets of $31.3M including $31.0M in current assets.
AIxCrypto Holdings, Inc. (AIXC) carries total debt of $0.1M, offset by $19.3M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
AIxCrypto Holdings, Inc. (AIXC) has total shareholders' equity (book value) of $28.0M ($11.61 book value per share). Book value represents the net worth of the company belonging to common stock holders.
AIxCrypto Holdings, Inc. (AIXC) reported a current ratio of 9.30x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.