Total assets have contracted sharply from $98.4 million in 2024Q1 to $30.6 million in 2026Q2, following the full write-down of $81.7 million in previously held goodwill.
| Metric | TTM | Mar'25 | Mar'24 | Mar'23 | Mar'22 | Mar'21 | Mar'20 | Mar'19 | Mar'18 | Mar'17 | Mar'16 | Mar'15 | Mar'14 | Mar'13 | Mar'12 | Mar'11 | Mar'10 | Mar'09 | Mar'08 | Mar'07 | Mar'06 | Mar'05 | Mar'04 | Mar'03 | Mar'02 | Mar'01 | Mar'00 | Mar'99 | Mar'98 |
|---|
| Total Current Assets | 19.02M | 2.23M | 7.7M | 13.68M | 24.83M | 4.95M | 3.79M | 6.55M | 7.62M | 59.14M | 4.89M | 1.74M | 2.26M | 3.43M | 7.51M | 2.44M | 3.82M | 1.25M | 5.08M | 5.78M | 4.68M | 4.02M | 423.45K | 19.54K | 42.83K | 428.56K | 1.17M | 84.15K | 4.01K |
| Cash & Short-Term Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Cash Only | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Short-Term Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Days Sales Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Current Assets | 3.14M | 0 | 64K | 119K | 142K | 0 | 0 | 0 | 0 | 141 | 4.78K | 17.57K | 227.23K | 0 | 0 | 102 | -759 | 0 | 277.76K | 239.38K | 269.52K | 3.22M | 0 | 0 | 0 | 0 | 399.44K | 41.49K | 0 |
| Total Non-Current Assets | 11.57M | 0 | 84K | 85.45M | 169.83M | 169.91M | 169.38M | 167.16M | 2.39M | 767.5K | 7.74M | 3M | 3M | 5.62K | 6.73K | 7.18M | 6.4M | 7.47K | 6.03K | 0 | 0 | 179.03K | 1.93M | 0 | 86.71K | 147.99K | 577.95K | 87.96K | 39.34K |
| Property, Plant & Equipment | 0 | 0 | 35K | -2.63M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4.12K | 5.62K | 6.73K | 7.18M | 6.4M | 7.47K | 6.03K | 0 | 0 | 179.03K | 0 | 0 | 0 | 25.64K | 32.22K | 38.69K | 39.34K |
| Fixed Asset Turnover | - | - | - | - | - | - | - | - | - | - | - | - | - | 17.51x | - | - | - | 0.84x | 51.85x | - | - | 1.93x | - | - | - | 2.97x | 0.77x | - | - |
| Goodwill | 0 | 0 | 0 | 0 | 43.32M | 43.32M | 43.32M | 43.32M | 0 | 0 | 3M | 3M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 81.68M | 117.39M | 117.39M | 117.39M | 117.39M | 0 | 0 | 4.04M | 0 | 3M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 10.94M | 0 | 0 | 2.89M | 9.08M | 9.14M | 8.63M | 6.41M | 1.38M | 700K | 700K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 538.84K | 43.02K | 0 |
| Other Non-Current Assets | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Assets | 30.59M | 2.23M | 7.78M | 99.13M | 194.66M | 174.86M | 173.17M | 173.72M | 10M | 59.9M | 12.63M | 4.74M | 5.26M | 3.43M | 7.51M | 9.62M | 10.22M | 1.26M | 5.09M | 5.78M | 4.68M | 4.2M | 2.35M | 19.54K | 129.54K | 576.55K | 1.75M | 172.11K | 43.35K |
| Asset Turnover | 0.00x | - | - | - | - | - | - | - | - | - | - | - | - | 0.03x | - | - | - | 0.00x | 0.06x | 0.11x | 0.34x | 0.08x | - | 0.53x | 0.32x | 0.13x | 0.01x | - | - |
| Asset Growth % | 763.52% | -71.4% | -92.15% | -49.08% | 11.32% | 0.97% | -0.31% | 1636.63% | -83.3% | 374.34% | 166.66% | -10.02% | 53.41% | -54.34% | -21.91% | -5.86% | 710.24% | -75.22% | -12.01% | 23.72% | 11.45% | 78.28% | 11945.54% | -84.92% | -77.53% | -67.07% | 917.21% | 296.99% | - |
| Total Current Liabilities | 21.54M | 1.1M | 2.88M | 1.86M | 783K | 3.21M | 2.57M | 1.79M | 151K | 109.06K | 299.74K | 620.56K | 191.97K | 446.87K | 2.66M | 682.75K | 3.45M | 120.39K | 57.34K | 42K | 141.52K | 102.77K | 660.63K | 233.8K | 126.48K | 94.62K | 151.67K | 65.14K | 496.67K |
| Accounts Payable | 1.6M | 427K | 482K | 274K | 188K | 113K | 343K | 388K | 29K | 109K | 299.74K | 620.56K | 191.97K | 446.87K | 1.04M | 519.65K | 1.38M | 76.46K | 29.48K | 16.52K | 26.37K | 90.69K | 267.43K | 47.09K | 41.36K | 41.12K | 0 | 0 | 0 |
| Days Payables Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 150K | 300K | 663K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.05M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 15.41K | 0 |
| Deferred Revenue (Current) | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Current Liabilities | 19.88M | 0 | 3K | 0 | 72K | 1.15M | 0 | 220K | 24K | 61 | 0 | 0 | 0 | 0 | 1.62M | 0 | 0 | 0 | 0 | 0 | 2.98K | 12.08K | 393.2K | 186.71K | 85.12K | 53.5K | 151.67K | 49.73K | 496.67K |
| Current Ratio | 0.88x | 2.02x | 2.67x | 7.33x | 31.71x | 1.54x | 1.48x | 3.65x | 50.44x | 542.23x | 16.32x | 2.80x | 11.77x | 7.67x | 2.82x | 3.57x | 1.11x | 10.42x | 88.66x | 137.72x | 33.04x | 39.08x | 0.64x | 0.08x | 0.34x | 4.53x | 7.73x | 1.29x | 0.01x |
| Quick Ratio | 0.88x | 2.02x | 2.67x | 7.33x | 31.71x | 1.54x | 1.48x | 3.65x | 50.44x | 542.23x | 16.32x | 2.80x | 11.77x | 7.67x | 2.82x | 3.57x | 1.11x | 10.42x | 88.66x | 137.72x | 33.04x | 39.08x | 0.64x | 0.08x | 0.34x | 4.53x | 7.73x | 1.29x | 0.01x |
| Cash Conversion Cycle | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 166K | 1.95M | 1.57M | 21.87M | 28.45M | 24.05M | 24.96M | 23.36M | 233K | 200.37K | 0 | 0 | 0 | 446.87K | 0 | 519.65K | 2.43M | 76.46K | 29.48K | 0 | 26.37K | 0 | 267.43K | 47.09K | 41.36K | 41.12K | 0 | 15.41K | 0 |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 3.36M | 3M | 233K | 180.81K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Deferred Tax Liabilities | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Non-Current Liabilities | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | 21.7M | 3.05M | 4.45M | 23.73M | 29.23M | 27.26M | 27.53M | 25.16M | 384K | 309.43K | 299.74K | 620.56K | 191.97K | 446.87K | 2.66M | 682.75K | 3.45M | 120.39K | 57.34K | 42K | 141.52K | 102.77K | 660.63K | 233.8K | 126.48K | 94.62K | 151.67K | 65.14K | 496.67K |
| Total Debt | 0 | 0 | 47K | 0 | 0 | 150K | 3.66M | 3.66M | 233K | 180.81K | 0 | 0 | 0 | 0 | 0 | 0 | 1.05M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 15.41K | 0 |
| Net Debt | -183K | -1.67M | -4.98M | -10.54M | -23.35M | -2.62M | 509K | -2.5M | -7.29M | 21.44K | -4.69M | -1.72M | -2.03M | -3.32M | -58.49K | -358.54K | -1.26M | -279.53K | -1.22M | -2.61M | -2.8M | -711.19K | -381.74K | -13.52K | -29.91K | -25.85K | -293.26K | -27.25K | -4.01K |
| Debt / Equity | 0.00x | - | 0.01x | - | - | 0.00x | 0.03x | 0.02x | 0.02x | 0.00x | - | - | - | - | - | - | 0.15x | - | - | - | - | - | - | - | - | - | - | 0.14x | - |
| Debt / EBITDA | -0.00x | - | - | - | - | - | - | - | 0.00x | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Debt / EBITDA | 0.02x | - | - | - | - | - | - | - | -0.06x | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Interest Coverage | - | -2259.33x | -570.41x | -13583.67x | -343.58x | -83.14x | -10.69x | -38.00x | 5156.88x | -64.26x | -1244.31x | -215.67x | -1976.51x | -673.39x | -1418.77x | -922.05x | -5.22x | -264.29x | -351.04x | - | -175.69x | -1238.34x | -364.70x | - | -618.52x | -59.21x | - | - | - |
| Total Equity | 8.88M | -827K | 3.33M | 75.39M | 165.43M | 147.6M | 145.64M | 148.56M | 9.62M | 59.59M | 12.33M | 4.12M | 5.07M | 2.98M | 4.85M | 8.94M | 6.77M | 1.14M | 5.03M | 5.74M | 4.53M | 4.09M | 1.69M | -214.26K | 3.06K | 481.93K | 1.6M | 106.97K | -453.32K |
| Equity Growth % | 804.96% | -124.84% | -95.58% | -54.43% | 12.08% | 1.35% | -1.96% | 1444.41% | -83.86% | 383.36% | 199.59% | -18.85% | 69.95% | -38.5% | -45.72% | 32.06% | 493.17% | -77.33% | -12.36% | 26.65% | 10.79% | 141.8% | 889.96% | -7113.52% | -99.37% | -69.86% | 1394.82% | 123.6% | - |
| Book Value per Share | 3.54 | -0.70 | 0.16 | 4.68 | 12.67 | 12.58 | 265.96 | 30.82 | 3.57 | 21.89 | 5.14 | 2.13 | 2.83 | 3.65 | 6.16 | 11.39 | 15.76 | 3.78 | 17.45 | 21.05 | 28.73 | 34.80 | 46.17 | -20.76 | 0.43 | 74.68 | 5532.89 | 35.11 | -287.27 |
| Total Shareholders' Equity | 9.59M | -123K | 4.02M | 76.05M | 121.2M | 101.45M | 96.53M | 99.67M | 9.62M | 59.59M | 10.27M | 2.66M | 2.39M | 2.98M | 4.85M | 8.94M | 7.12M | 1.14M | 5.03M | 5.74M | 4.53M | 4.09M | 1.69M | -214.26K | 3.06K | 481.93K | 1.6M | 106.97K | -453.32K |
| Common Stock | 241.59M | 221.8M | 219.5M | 218.78M | 158.32M | 130.65M | 117.82M | 116.24M | 23.65M | 18.36M | 17.06M | 9.69M | 7.26M | 35.64M | 36.16M | 0 | 35.15M | 0 | 0 | 0 | 0 | 23.38M | 18.52M | 13.89M | 12.79M | 12.57M | 13.54M | 10.68M | 10.44M |
| Retained Earnings | -256.6M | -245.45M | -239.32M | -159.62M | -55.01M | -38.13M | -22.3M | -16.97M | -14.33M | 14.98M | -14.62M | -9.45M | -6.33M | -44.16M | -43.56M | -42.18M | -36.55M | -26.4M | -31.72M | -27.8M | -27.37M | -22.42M | -16.83M | -14.11M | -12.78M | -12.09M | -11.94M | -10.57M | -10.9M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 24.59M | 23.53M | 23.84M | 16.88M | 958K | 958K | 958K | 82K | 32K | 26.25M | 7.83M | 2.42M | 1.47M | 0 | 0 | 173.21K | 4.58M | -3.5M | -1.27M | 6.03M | 0 | 3.14M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | -704K | -704K | -693K | -650K | 44.23M | 46.15M | 49.11M | 48.88M | 0 | 0 | 2.06M | 1.46M | 2.68M | 0 | 0 | 0 | -350.02K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Severe capital depletion risk
As reported in financial statements, ATON's total assets have plummeted from $98.4 million in 2024Q1 to $30.6 million by 2026Q2, signaling a severe contraction in the company's resource base following its pivot away from the clinical-stage biotech sector and into a digital asset treasury model.
The precipitous decline in total assets suggests that the company is struggling to maintain a viable scale for its new operational mandate. Investors should monitor whether this downward trajectory reflects a deliberate liquidation of legacy assets or an inability to attract the capital necessary to sustain the new treasury strategy.
Based on ATON's reported figures, shareholder equity has deteriorated significantly, moving from a positive $73.3 million in 2024Q1 to a negative $827.0K in 2026Q1, before recovering slightly to $9.6 million in 2026Q2, highlighting the extreme volatility and dilution inherent in the firm's current capital structure.
The erratic movement in equity suggests that the company is relying heavily on external financing or share issuance to prevent insolvency. This instability implies that the current equity base may not be sufficient to support the firm's stated $100 million treasury target without further dilutive actions.
According to recent SEC filings, ATON's cash position has dwindled to just $183.0K as of 2026Q2, a sharp decline from the $7.7 million reported in 2024Q1, which leaves the company with a dangerously narrow buffer to cover its ongoing administrative and compliance-related cash burn.
The current ratio of 0.88 indicates that the company's short-term obligations may soon exceed its liquid assets, creating a potential liquidity crunch. This suggests that management may be forced to prioritize immediate survival over the long-term accumulation of digital assets, potentially stalling the execution of their treasury strategy.
As indicated by historical balance sheet data, the company previously carried significant goodwill reaching $81.7 million in 2024Q2, which has since been fully written down to zero, suggesting that the firm's prior acquisitions failed to generate the expected economic value for shareholders.
The total impairment of these intangible assets serves as a stark reminder of the risks associated with the company's previous capital allocation decisions. Investors should remain cautious, as the absence of tangible assets on the balance sheet leaves little recovery value should the current digital asset strategy fail to gain traction.
Quick answers to the most common questions about buying ATON stock.
As of 2025, AlphaTON Capital Corp. (ATON) had total assets of $2.2M including $2.2M in current assets.
AlphaTON Capital Corp. (ATON) carries total debt of $0.0M. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
AlphaTON Capital Corp. (ATON) has total shareholders' equity (book value) of $-0.1M ($-0.70 book value per share). Book value represents the net worth of the company belonging to common stock holders.
AlphaTON Capital Corp. (ATON) reported a current ratio of 2.02x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.