Antalpha Platform Holding Co (ANTA) Key Metrics
ANTA valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $54.8M
- Enterprise value
- $487.1M
- P/E (TTM)
- 10.4
- Forward P/E
- 125.0
- PEG ratio
- —
- Price / sales
- 0.7
- Price / book
- 0.7
- EV / EBITDA
- 24.9
- Dividend yield
- —
- Beta
- —
ANTA key metrics, 2023–2025
Fiscal year ended December 31, 2025 · U.S. dollarsANTA returns How much profit the business earns on the capital it uses.
ANTA per-share figures Results divided by the shares outstanding at year-end.
ANTA financial health Debt, liquidity and how easily interest is covered.
ANTA efficiency & capital use Working capital cycle and where the cash goes.
ANTA valuation history
ANTA returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
ANTA debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
ANTA cash returned to shareholders
ANTA price vs earnings per share
ANTA key metrics
2023–2025| 2025 | 2024 | 2023 | |
|---|---|---|---|
| Valuation | |||
| Market capitalization | $205.4M | — | — |
| Enterprise value | $784.9M | — | — |
| P/E ratio | 11.1 | — | — |
| Price / sales | 2.6 | — | — |
| Price / book | 1.7 | — | — |
| EV / sales | 9.9 | — | — |
| EV / EBITDA | 28.3 | — | — |
| Earnings yield | 9.0% | — | — |
| Free cash flow yield | −2.2% | — | — |
| Shareholder yield (dividends + buybacks) | 0.0% | — | — |
| Share price at fiscal year-end | $8.89 | — | — |
| Per share | |||
| Revenue per share | $3.45 | $2.05 | $0.49 |
| Earnings per share | $0.80 | $0.19 | −$0.29 |
| Operating cash flow per share | −$0.17 | −$0.51 | −$0.53 |
| Free cash flow per share | −$0.20 | −$0.51 | −$0.53 |
| Cash per share | $19.50 | $0.26 | $0.02 |
| Book value per share | $5.18 | $2.01 | $0.55 |
| Tangible book value per share | $3.31 | $2.01 | $0.55 |
| Capex per share | $0.03 | $0.01 | $0.00 |
| Debt per share | $44.58 | $17.75 | $15.00 |
| Shares outstanding | 23.1M | 23.1M | 23.1M |
| Change in shares outstanding | 0.0% | 0.0% | — |
| Returns & profitability | |||
| Return on equity (ROE) | 22.3% | 14.9% | −51.8% |
| Return on invested capital (ROIC) | 2.4% | 0.7% | −1.7% |
| Return on assets (ROA) | 1.0% | 0.4% | −0.9% |
| Return on tangible assets | 0.8% | 0.4% | −0.9% |
| Free cash flow margin | −5.7% | −25.0% | −109.1% |
| Income quality (OCF / net income) | −0.21 | −2.66 | — |
| Financial health | |||
| Total debt | $1.03B | $410.1M | $346.5M |
| Cash & short-term investments | $450.3M | $5.9M | $439,096 |
| Net debt | $579.5M | $404.2M | $346.0M |
| Debt / equity | 8.60 | 8.84 | 27.26 |
| Debt / assets | 0.43 | 0.33 | 0.47 |
| Net debt / EBITDA | 20.87 | 71.08 | — |
| Current ratio | 4.76 | 1.05 | 1.02 |
| Quick ratio | 4.76 | 1.05 | 1.02 |
| Interest coverage | 23.9 | — | — |
| Working capital | $1.16B | $53.8M | $7.2M |
| Invested capital | $699.2M | $450.6M | $358.7M |
| Tangible asset value | $159.0M | $46.4M | $12.7M |
| Net current asset value | −$739.4M | −$164.2M | −$347.5M |
| Graham number | $9.66 | $2.93 | — |
| Graham net-net per share | −$42.99 | −$20.39 | −$19.32 |
| Capital allocation | |||
| Share buybacks (net) | $32,696 | $0 | $0 |
| Capex / revenue | 0.9% | 0.3% | 0.5% |
| Capex / depreciation | 0.69 | 0.19 | 0.12 |
| Stock-based compensation / revenue | 6.0% | 0.3% | 0.0% |
| R&D / revenue | 7.9% | 10.4% | 27.9% |
| SG&A / revenue | 33.7% | 19.2% | 55.8% |
| Efficiency | |||
| Days sales outstanding | 4,558.1 | 5,148.2 | 11,771.4 |
| Days payables outstanding | 4,669.6 | 5,556.5 | 7,944.2 |
| Cash conversion cycle (days) | -111.5 | -408.3 | 3,827.2 |
| Receivables turnover | 0.08 | 0.07 | 0.03 |
| Payables turnover | 0.08 | 0.07 | 0.05 |
| Asset turnover | 0.04 | 0.05 | 0.02 |
| Average receivables | $995.0M | $669.3M | $363.6M |
| Average payables | $561.5M | $449.7M | $205.5M |
| Intangibles / total assets | 1.8% | 0.0% | 0.0% |
Computed from ANTA's annual financial statements (latest annual report filed April 14, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
ANTA valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Antalpha Platform traded at 11.1 times earnings. Based on the latest twelve months, the trailing P/E is 10.4 and the forward P/E is 125.0. Antalpha Platform earned a return on equity of 22.3% and a return on invested capital of 2.4% in fiscal 2025. It ended the year with $1.0 billion of debt and $450.3 million in cash and short-term investments, net debt of $579.5 million. It returned $0.0 million to shareholders: $0 in dividends and $0.0 million in share buybacks.
See the ANTA income statement, the ANTA chart for price history, or the ANTA stock overview for the latest quote and news.
ANTA key metrics FAQ
What is Antalpha Platform's P/E ratio?
Antalpha Platform's trailing P/E ratio is 10.4 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 125.0. At the end of fiscal 2025 it was 11.1.
What is Antalpha Platform's EV/EBITDA?
Antalpha Platform's enterprise value was 28.3 times EBITDA at the end of fiscal 2025 (enterprise value $784.9 million, EBITDA $27.8 million); the current EV/EBITDA is 24.9.
What is Antalpha Platform's return on equity?
Antalpha Platform's return on equity (ROE) was 22.3% in fiscal 2025: net income of $18.5 million on average shareholders' equity of $83.0 million.
What is Antalpha Platform's ROIC?
Antalpha Platform's return on invested capital was 2.4% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Antalpha Platform have?
Antalpha Platform had total debt of $1.0 billion at the end of fiscal 2025, a debt-to-equity ratio of 8.60 and $579.5 million of net debt (20.87 times EBITDA).
Does Antalpha Platform buy back its shares?
Yes. Antalpha Platform spent $0.0 million on net share repurchases in fiscal 2025 Shares outstanding changed 0.0% over the year, to 23.1M..
What is Antalpha Platform's free cash flow yield?
Antalpha Platform generated -$4.5 million of free cash flow in fiscal 2025, a free cash flow yield of −2.2% on its market value at year-end ($205.4 million).
What is Antalpha Platform's current ratio?
Antalpha Platform's current ratio was 4.76 at the end of fiscal 2025: current assets were 4.76 times current liabilities.