Advasa Holdings, Inc. (ADBT) AI Stock Analysis

NASDAQ: ADBTAI research summary: business, growth, valuation, analysts, bull and bear case.

ADBT AI stock analysis summary

AI Research

Advasa Holdings, Inc. is a Japan-based financial technology company operating the FUKUPE Earned Wage Access platform. Over the trailing twelve months ended June 30, 2026, the company generated $18.7M in revenue with a profit margin of 5.2%. While annual revenue grew 72.9% in FY2026, free cash flow was negative at -$1.4M.

Market cap
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Revenue (TTM)
$18.7M
P/E
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1Y return
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S&P 500 16.8%
Avg. target
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Bull case

  • Annual revenue rose 72.9% in FY2026 to $17.4M, supported by a 2-year revenue CAGR of 28.5%.
  • The company maintains a low-debt capital structure, reporting net cash of $1.1M and a debt-to-equity ratio of 0.02 as of June 30, 2026.
  • In the latest quarter ended June 30, 2026, quarterly revenue growth reached 23.3% year-over-year alongside a trailing twelve-month operating margin of 76.5%.

Bear case

  • Free cash flow was negative at -$1.4M in FY2026, following a negative cash flow outflow of -$14.0M in FY2024.
  • ADBT trades at an EV-to-EBITDA ratio of 51.5x, higher than the median of 16.6x for its US-listed Technology peers.
  • Shares closed at $0.12 on October 16, 2026, representing a significant drop from the 52-week high of $13.20.

What Advasa does

Advasa Holdings, Inc., founded in 2017 and headquartered in Minato, Japan, is a financial technology and services company that provides a suite of financial solutions in Japan. Its core offering is the FUKUPE platform, a patented Earned Wage Access solution that gives employees real-time access to earned wages via cashless receipts and settlements linked to wallets, cards, and bank accounts. The patented system manages employee and employer data to enable on-demand payroll while integrating into existing human resources and payroll systems. The company also licenses its technology portfolio and provides original equipment manufacturer services.

Growth and profitability

Advasa Holdings increased revenue at a 2-year CAGR of 28.5% from $10.5M in FY2024 to $17.4M in FY2026. In FY2025, revenue fell 4.6% to $10.0M before accelerating 72.9% in FY2026. Gross margin shifted from 12.8% in FY2024 to 22.8% in FY2025, and stood at 12.6% in FY2026. Net income progressed from -$32,000 in FY2024 to $1.1M in FY2025 and $922,000 in FY2026, representing a net margin of 5.3%. For the trailing twelve months ended June 30, 2026, revenue reached $18.7M with an operating margin of 76.5% and a profit margin of 5.2%. In the latest quarter, quarterly revenue growth was 23.3% year-over-year, while quarterly earnings growth was 1.3%.

ADBT income statement →

Balance sheet and cash flow

As of June 30, 2026, the company held $1.5M in cash and short-term investments alongside total debt of $414,000, leaving a net cash position of $1.1M. Shareholders' equity was $21.7M out of $25.0M in total assets, resulting in a debt-to-equity ratio of 0.02 and a current ratio of 9.75. In FY2026, operating cash flow and free cash flow both stood at -$1.4M, compared to $4.7M in FY2025 and -$14.0M in FY2024.

ADBT balance sheet →

Valuation and performance

At the last close of $0.12 on October 16, 2026, ADBT traded near its 52-week low of $0.09, down from a 52-week high of $13.20, with an enterprise value of $59.9M. The stock trades at a price-to-sales multiple of 3.2x, above the 2.8x median of its US-listed Technology peers. ADBT also carries an EV-to-EBITDA multiple of 51.5x, compared to the peer median of 16.6x, and a price-to-book ratio of 2.8x. Over broader timeframes, the S&P 500 (SPY) returned 16.8% over one year and 83.0% over five years.

ADBT key metrics →

What analysts expect

No analyst consensus ratings, price targets, or forward earnings forecasts are published for ADBT, and there is no scheduled next earnings date. Diluted earnings per share over the trailing twelve months ended June 30, 2026, stood at $0.00. Institutional ownership is 0.1%, while insiders hold 89.6% of the company's equity.

ADBT forecast and price target →

Key risks and what to watch

  • Cash and short-term investments stood at $1.5M as of June 30, 2026, which may provide a limited cushion if free cash flow remains negative following -$1.4M in FY2026.
  • Insider ownership is concentrated at 89.6%, while institutional ownership stands at only 0.1%.
  • Gross margins have been unstable, dropping from 22.8% in FY2025 to 12.6% in FY2026.
  • The company reported 2 employees, which may limit operational capacity to license and expand its software platform.

AI-generated research summary. Written with AI from Quotelinks data as of October 16, 2026 and checked so every figure matches that data. For information only, not investment advice. Disclaimer

About this ADBT AI stock analysis

This page is an AI-written research summary of Advasa Holdings, Inc. (ADBT). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: ADBT income statement, ADBT balance sheet, ADBT key metrics, ADBT analyst forecast, ADBT chart. See the ADBT stock overview for the latest quote and news.

ADBT AI stock analysis FAQ

What products does Advasa Holdings offer?

Advasa Holdings offers the FUKUPE platform, a patented Earned Wage Access solution in Japan that provides real-time payroll access to employees, along with OEM services and technology licensing.

What was ADBT's revenue and earnings performance in FY2026?

In FY2026, revenue increased 72.9% to $17.4M, and net income totaled $922,000, representing a net margin of 5.3%.

How strong is Advasa Holdings' balance sheet?

As of June 30, 2026, ADBT held $1.5M in cash and short-term investments and $414,000 in total debt, yielding net cash of $1.1M and a current ratio of 9.75.

Does ADBT pay a dividend?

ADBT does not pay a dividend and has not recorded any dividend distributions.

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