Latest Ratios: P/E Ratio -9.2x · EV/EBITDA N/A · ROE -111.5%. (2023–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Market Cap | $5.4B | $4.3B | — | — |
| Enterprise Value | $5.3B | $4.2B | — | — |
| P/E Ratio → | -9.24 | — | — | — |
| P/S Ratio | 943.15 | 741.50 | — | — |
| P/B Ratio | 5.37 | 5.81 | — | — |
| P/FCF | — | — | — | — |
| P/OCF | — | — | — | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| EV / Revenue | — | 730.35 | — | — |
| EV / EBITDA | — | — | — | — |
| EV / EBIT | — | — | — | — |
| EV / FCF | — | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Gross Margin | 96.2% | 96.2% | -283.6% | -419.4% |
| Operating Margin | -763.1% | -763.1% | -620.6% | -735.7% |
| Net Profit Margin | -7335.0% | -7335.0% | -591.2% | -690.3% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| ROE | -111.5% | -111.5% | -109.5% | -105.3% |
| ROA | -108.7% | -108.7% | -89.2% | -83.7% |
| ROIC | -8.6% | -8.6% | -77.1% | — |
| ROCE | -11.5% | -11.5% | -104.1% | -96.5% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Debt / Equity | 0.00 | 0.00 | 0.08 | 0.18 |
| Debt / EBITDA | — | — | — | — |
| Net Debt / Equity | — | -0.09 | -0.19 | 0.05 |
| Net Debt / EBITDA | — | — | — | — |
| Debt / FCF | — | — | — | — |
| Interest Coverage | — | — | — | — |
Net cash position: cash ($67M) exceeds total debt ($4M)
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Current Ratio | 6.66 | 6.66 | 7.12 | 10.66 |
| Quick Ratio | 6.66 | 6.66 | 7.12 | 10.66 |
| Cash Ratio | 6.26 | 6.26 | 1.84 | 1.38 |
| Asset Turnover | — | 0.01 | 0.13 | 0.12 |
| Inventory Turnover | — | — | — | — |
| Days Sales Outstanding | — | — | — | — |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Dividend Yield | 0.1% | — | — | — |
| Payout Ratio | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Earnings Yield | — | — | — | — |
| FCF Yield | — | — | — | — |
| Buyback Yield | 0.0% | — | — | — |
| Total Shareholder Yield | 0.1% | — | — | — |
| Shares Outstanding | — | $45M | $110671 | $141744 |
Excessive operating burn rate
According to recent market data, SATA trades at a price-to-sales multiple of 943.15, which suggests that investors are pricing in significant future growth optionality rather than current earnings, as the firm's negative P/E of -9.24 renders traditional valuation metrics largely inapplicable for assessing fundamental value.
The extreme P/S ratio indicates that the market is valuing the firm as a pre-scale platform, likely anticipating that current heavy investments in personnel and infrastructure will eventually yield high-margin AUM growth. Investors should monitor whether this valuation premium can be sustained if the firm fails to demonstrate a clear path toward positive net income in the coming quarters.
As reported in financial statements, SATA's net margin has reached an extreme -7334.98%, a figure that appears to be heavily distorted by non-cash mark-to-market adjustments on proprietary seed capital rather than reflecting the underlying operational efficiency of the firm's core asset management services.
While the 96.16% gross margin highlights the inherent scalability of the asset management model, the massive operating losses suggest that the firm is currently over-indexed on fixed costs. This indicates that the firm's earning power is currently suppressed by aggressive spending, which warrants further investigation into the sustainability of these expenses.
Based on the provided quarterly figures, SATA's ROIC has trended into negative territory, reaching -1.5% in 2026Q1, which indicates that the firm is currently failing to generate a positive return on its invested capital compared to its historical performance and broader industry benchmarks.
The deterioration in return metrics suggests that the capital deployed into the business is not yet generating sufficient returns to cover the firm's operating footprint. This trend implies that the firm is in a capital-intensive growth phase where efficiency is being sacrificed for the sake of building future market share.
According to recent quarterly data, SATA's asset turnover remains near zero, which reveals that the firm's current revenue base is insufficient to support its existing asset base, highlighting a significant lack of operational leverage compared to more mature boutique asset management peers.
The low asset turnover suggests that the firm is currently carrying a heavy balance sheet relative to its revenue-generating capacity. Investors should monitor whether management can improve this ratio by scaling AUM without a commensurate increase in fixed operating costs, which would be necessary to achieve long-term profitability.
The net margin is the most commonly misapplied ratio for SATA, as it obscures the firm's true economic performance by including volatile, non-cash mark-to-market adjustments on seed capital that do not reflect the underlying health of the core fee-based asset management business model.
Analysts should instead focus on adjusted operating margins or fee-based revenue growth to better understand the firm's operational trajectory. Relying on headline net margins may lead to an overly pessimistic assessment of the firm's viability, as it fails to account for the strategic nature of the firm's current investment losses.
Includes 30+ ratios · 3 years · Updated daily
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Quick answers to the most common questions about buying SATA stock.
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