Antalpha Platform Holding Co (ANTA) Balance Sheet
ANTA balance sheet, 2025
December 31, 2025 · U.S. dollars$2.41B assets = $2.20B liabilities + $202.3M equity
Both columns are drawn to the same scale: what ANTA owns equals what it owes plus shareholders’ equity. Hover a block for its value.
ANTA financial health
Descriptive bands, not a rating. Fiscal 2025.
ANTA balance sheet trends, 2023–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $732.0M2023 | $2.41B2025 | +81.3%/yr | |
| Total liabilities | $719.3M2023 | $2.20B2025 | +75.1%/yr | |
| Shareholders’ equity | $12.7M2023 | $119.7M2025 | +206.8%/yr | |
| Cash & short-term investments | $439,0962023 | $450.3M2025 | +3,102.5%/yr | |
| Total debt | $346.5M2023 | $1.03B2025 | +72.4%/yr | |
| Net cash (debt) | −$346.0M2023 | −$579.5M2025 | −$233.5M | |
| Working capital | $7.2M2023 | $1.16B2025 | +$1.2B | |
| Book value per share | $0.552023 | $5.182025 | +206.8%/yr | |
| Current ratio | 1.022023 | 4.762025 | +3.74 | |
| Debt / equity | 27.262023 | 8.602025 | −18.65 | |
| Shares outstanding | 23.1M2023 | 23.1M2025 | 0.0%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
ANTA assets
ANTA liabilities and equity
ANTA debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
ANTA balance sheet
| 2025 | 2024 | 2023 | |
|---|---|---|---|
| Assets | |||
| Cash & short-term investments | $450.3M | $5.9M | $439,096 |
| Cash & equivalents | $7.9M | $5.9M | $439,096 |
| Short-term investments | $442.5M | — | — |
| Receivables | $1.01B | $975.1M | $363.6M |
| Inventory | $0 | $0 | $0 |
| Other current assets | $0 | $63.0M | $7.8M |
| Total current assets | $1.47B | $1.04B | $371.8M |
| Property, plant & equipment (net) | $2.5M | $2.6M | $2.6M |
| Goodwill & intangible assets | $43.3M | $0 | $0 |
| Long-term investments | $10.3M | $5.8M | $2.4M |
| Other non-current assets | $885.6M | $202.2M | $355.2M |
| Total assets | $2.41B | $1.25B | $732.0M |
| Liabilities | |||
| Accounts payable | $429.1M | $693.9M | $205.5M |
| Short-term debt | $308.2M | $281.0M | $155.2M |
| Total current liabilities | $307.5M | $990.2M | $364.6M |
| Long-term debt | $720.8M | $128.2M | $190.1M |
| Lease obligations | $2.2M | $2.5M | $2.5M |
| Other long-term liabilities | $1.18B | $89.9M | $164.6M |
| Total liabilities | $2.20B | $1.21B | $719.3M |
| Shareholders' equity | |||
| Common stock & paid-in capital | $23,984 | $19,250 | $19,250 |
| Retained earnings (deficit) | $16.3M | −$2.2M | −$6.6M |
| Accumulated other comprehensive income | $19,038 | −$2.2M | −$6.6M |
| Minority interest | $82.6M | $0 | — |
| Total shareholders' equity | $119.7M | $46.4M | $12.7M |
| Key figures | |||
| Total debt | $1.03B | $410.1M | $346.5M |
| Net cash (debt) | −$579.5M | −$404.2M | −$346.0M |
| Working capital | $1.16B | $53.8M | $7.2M |
| Tangible book value | $76.4M | $46.4M | $12.7M |
| Book value per share | $5.18 | $2.01 | $0.55 |
| Shares outstanding | 23.1M | 23.1M | 23.1M |
| Current ratio | 4.76 | 1.05 | 1.02 |
| Quick ratio | 4.76 | 0.99 | 1.00 |
| Debt / equity | 8.60 | 8.84 | 27.26 |
| Equity / assets | 5.0% | 3.7% | 1.7% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Dec '23 | |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Cash & short-term investments | $4.3M | $526.2M | $450.3M | $6.6M | $34.5M | $2.4M | $5.9M | $29.6M | $439,096 |
| Cash & equivalents | $4.3M | $6.0M | $7.9M | $6.6M | $34.5M | $2.4M | $5.9M | $29.6M | $439,096 |
| Short-term investments | — | $520.2M | $442.5M | — | — | — | — | — | — |
| Receivables | $13.2M | $877.6M | $1.01B | $1.08B | $1.70B | $994.8M | $975.1M | $905.6M | $363.6M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $386.7M | $0 | $0 | $23.2M | $40.8M | $58.1M | $63.0M | $14.1M | $7.8M |
| Total current assets | $404.2M | $975.4M | $1.47B | $1.11B | $1.78B | $1.06B | $1.04B | $949.4M | $371.8M |
| Property, plant & equipment (net) | $0 | $2.5M | $2.5M | $0 | $0 | $0 | $2.6M | $1.6M | $2.6M |
| Goodwill & intangible assets | $43.3M | $43.3M | $43.3M | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $10.3M | $10.3M | $10.3M | $5.8M | $5.8M | $5.8M | $5.8M | $2.4M | $2.4M |
| Other non-current assets | $503.6M | $178.6M | $885.6M | $1.20B | $171.2M | $356.2M | $202.2M | $277.9M | $355.2M |
| Total assets | $961.4M | $1.21B | $2.41B | $2.32B | $1.95B | $1.42B | $1.25B | $1.23B | $732.0M |
| Liabilities | |||||||||
| Accounts payable | $268.0M | $398.0M | $429.1M | $676.1M | $1.10B | $600.6M | $693.9M | — | — |
| Short-term debt | $322.7M | $409.2M | $307.5M | $328.7M | $578.1M | $397.6M | $281.0M | $346.1M | $155.2M |
| Total current liabilities | $322.7M | $409.2M | $307.5M | $1.02B | $1.69B | $1.02B | $990.2M | $904.3M | $364.6M |
| Long-term debt | $92.6M | $90.7M | $720.8M | $519.9M | $121.4M | $192.6M | $128.2M | $165.2M | $190.1M |
| Lease obligations | $1.7M | $1.3M | $2.2M | $936,718 | $1.0M | $885,059 | $2.5M | $1.3M | $2.5M |
| Other long-term liabilities | $362.3M | $498.1M | $1.18B | $667.9M | $38.5M | $160.1M | $89.9M | $109.0M | $164.6M |
| Total liabilities | $777.6M | $998.0M | $2.20B | $2.21B | $1.85B | $1.37B | $1.21B | $1.18B | $719.3M |
| Shareholders' equity | |||||||||
| Common stock & paid-in capital | $112.1M | $23,984 | — | $109.0M | $101.4M | — | $19,250 | $19,250 | $19,250 |
| Retained earnings (deficit) | — | $16.3M | $16.3M | — | — | — | −$2.2M | — | — |
| Accumulated other comprehensive income | — | $19,038 | — | — | — | — | −$2.2M | −$3.9M | −$6.6M |
| Minority interest | $71.7M | $88.6M | $82.6M | — | — | — | — | — | — |
| Total shareholders' equity | $112.1M | $123.5M | $119.7M | $109.0M | $101.4M | $48.2M | $46.4M | $52.6M | $12.7M |
| Key figures | |||||||||
| Total debt | $417.0M | $501.2M | $1.03B | $849.6M | $700.5M | $591.0M | $410.1M | $511.5M | $346.5M |
| Net cash (debt) | −$412.7M | $25.0M | −$579.5M | −$843.0M | −$665.9M | −$588.6M | −$404.2M | −$481.9M | −$346.0M |
| Working capital | $81.5M | $566.2M | $1.16B | $88.6M | $84.4M | $38.8M | $53.8M | $45.1M | $7.2M |
| Tangible book value | $68.8M | $80.2M | $76.4M | $109.0M | $101.4M | $48.2M | $46.4M | $52.6M | $12.7M |
| Book value per share | $4.67 | $4.66 | $5.18 | $5.66 | $4.19 | $2.09 | $2.01 | $2.28 | $0.55 |
| Shares outstanding | 24.0M | 26.5M | 23.1M | 19.2M | 24.2M | 23.1M | 23.1M | 23.1M | 23.1M |
| Current ratio | 1.25 | 2.38 | 4.76 | 1.09 | 1.05 | 1.04 | 1.05 | 1.05 | 1.02 |
| Quick ratio | 0.05 | 3.43 | 4.76 | 1.06 | 1.03 | 0.98 | 0.99 | 1.03 | 1.00 |
| Debt / equity | 3.72 | 4.06 | 8.60 | 7.80 | 6.90 | 12.26 | 8.84 | 9.73 | 27.26 |
| Equity / assets | 11.7% | 10.2% | 5.0% | 4.7% | 5.2% | 3.4% | 3.7% | 4.3% | 1.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed April 14, 2026); data from EODHD.
ANTA financial position
At the end of fiscal 2025 (December 31, 2025), Antalpha Platform had total assets of $2.4 billion (up 91.8% from a year earlier), total liabilities of $2.2 billion and shareholders' equity of $119.7 million. It held $450.3 million in cash and short-term investments against $1.0 billion of debt, net debt of $579.5 million. Its current ratio was 4.76. In the latest quarter (ended June 30, 2026) total assets were $961.4 million and equity $112.1 million.
Related: ANTA income statement, ANTA cash flow statement, ANTA key metrics. See the ANTA stock overview for the latest quote and news.
ANTA balance sheet FAQ
What are Antalpha Platform's total assets?
Antalpha Platform reported total assets of $2.4 billion at the end of fiscal 2025 (December 31, 2025), compared with $1.3 billion a year earlier.
How much debt does Antalpha Platform have?
Antalpha Platform had $1.0 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 8.60.
How much cash does Antalpha Platform have?
Antalpha Platform held $450.3 million in cash and short-term investments at the end of fiscal 2025; with $1.0 billion of debt that is net debt of $579.5 million.
What is Antalpha Platform's book value?
Antalpha Platform's shareholders' equity (book value) was $119.7 million at the end of fiscal 2025, or $5.18 per share.
What is Antalpha Platform's current ratio?
Antalpha Platform had current assets of $1.5 billion and current liabilities of $307.5 million, a current ratio of 4.76 (it can cover its short-term obligations).
How much goodwill does Antalpha Platform have?
Antalpha Platform carried $43.3 million of goodwill and intangible assets, 1.8% of total assets, at the end of fiscal 2025.