Twenty One Capital, Inc. (XXI) Key Metrics
XXI key metrics, 2021–2025
Fiscal year ended December 31, 2025 · U.S. dollarsXXI returns How much profit the business earns on the capital it uses.
XXI financial health Debt, liquidity and how easily interest is covered.
XXI returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
XXI debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
XXI key metrics
2021–2025| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Valuation | |||||
| Share price at fiscal year-end | $8.76 | $10.39 | — | — | — |
| Returns & profitability | |||||
| Return on equity (ROE) | −12.3% | 3.0% | — | — | — |
| Return on invested capital (ROIC) | −0.6% | −0.5% | — | — | — |
| Return on assets (ROA) | −10.8% | 1.5% | — | — | — |
| Return on tangible assets | −5.5% | 1.5% | — | — | — |
| Income quality (OCF / net income) | — | −0.09 | — | — | — |
| Financial health | |||||
| Total debt | $484.3M | $332,992 | $182,434 | $149 | $111 |
| Cash & short-term investments | $117.7M | $25,000 | — | — | — |
| Net debt | $366.6M | $307,992 | $182,434 | $149 | $111 |
| Debt / equity | 0.14 | 0.00 | — | — | 15.48 |
| Debt / assets | 0.12 | 0.00 | — | 0.78 | 0.48 |
| Net debt / EBITDA | — | 0.20 | — | — | — |
| Current ratio | 47.62 | 0.57 | — | — | — |
| Quick ratio | 47.62 | 0.57 | — | — | — |
| Interest coverage | -41.9 | — | — | — | — |
| Working capital | $115.7M | −$189,849 | — | — | — |
| Invested capital | $3.81B | $102.2M | −$112,607 | $107 | $118 |
| Tangible asset value | $3.44B | $101.9M | — | −$42 | $7 |
| Net current asset value | −$368.6M | −$189,849 | — | — | — |
| Efficiency | |||||
| Asset turnover | 0.00 | 0.00 | — | 0.00 | 0.00 |
| Average payables | $2.5M | — | — | — | — |
| Intangibles / total assets | 0.0% | 0.0% | — | 0.0% | 0.0% |
Computed from XXI's annual financial statements (latest annual report filed December 31, 2025) 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.
XXI valuation and financial ratios
Twenty One Capital earned a return on equity of −12.3% and a return on invested capital of −0.6% in fiscal 2025. It ended the year with $484.3 million of debt and $117.7 million in cash and short-term investments, net debt of $366.6 million.
See the XXI income statement, the XXI chart for price history, or the XXI stock overview for the latest quote and news.
XXI key metrics FAQ
What is Twenty One Capital's return on equity?
Twenty One Capital's return on equity (ROE) was −12.3% in fiscal 2025: net income of -$217.3 million on average shareholders' equity of $1.8 billion.
What is Twenty One Capital's ROIC?
Twenty One Capital's return on invested capital was −0.6% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Twenty One Capital have?
Twenty One Capital had total debt of $484.3 million at the end of fiscal 2025, a debt-to-equity ratio of 0.14.
What is Twenty One Capital's current ratio?
Twenty One Capital's current ratio was 47.62 at the end of fiscal 2025: current assets were 47.62 times current liabilities.