Antalpha Platform Holding Company

ANTA

Financial - Credit Services · Financial Services

Exchange

NASDAQ

Winston Score

Winston is serious

Below-average fundamentals — multiple weak pillars.

Data as of Aug 23, 2026 · filings through Jun 30, 2026

How the score breaks down

Quality

Weak

Growth

Mixed

Cash Flow

Weak

Stability

Weak

Valuation

Good

Track this stock — start free trial

Winston Score History

The full picture

Antalpha Platform Holding Company is a financial services firm that provides financing and related services to businesses in the cryptocurrency mining industry. Its main customers are Bitcoin miners and other crypto-related companies that need capital to buy expensive mining equipment. The company essentially acts as a lender and financial platform connecting miners with the funding they need to operate.

Antalpha makes money primarily by charging interest and fees on the loans and financing arrangements it provides to crypto mining clients. The company is closely linked to Bitmain, one of the world's largest manufacturers of Bitcoin mining hardware, which gives it a built-in customer network but also creates significant concentration risk. Its operations are focused on the global crypto mining sector, which is highly sensitive to Bitcoin's price — when Bitcoin prices fall sharply, miners struggle to repay loans, which directly threatens Antalpha's business. Growth depends heavily on continued expansion of the Bitcoin mining industry.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-28.2% YoY

YoY Growth Rate

Revenue declining

EPS Growth

<−1,000% YoY

YoY Growth Rate

Earnings declining

Insider Activity

89.5%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Position

Cash flow positive

$15M cash & investments

Quarterly Free Cash Flow

Company generates more cash than it spends — no dilution risk from fundraising

Revenue declining

Antalpha Platform Holding Company's revenue is actually shrinking. In a growth stock, that removes the core investment thesis. The low Winston Score here may be warranted — unless there's a turnaround story.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale

Gross Margin

49.9%

Healthy — 49.9% gross margin

Profit after running costs

Operating Margin

-205.4%

Losing money on operations — -205.4%

Return on the money invested

ROCE

-0.9%

Weak — -0.9% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Growth

Sales growth

Sales YoY

+39.4%

Fast-growing sales (+39.4% YoY)

Profit growth

EPS YoY

-65.1%

Earnings shrinking (-65.1% YoY)

Earnings per share down more than 10%. Either a bad year, or a real decline.

How steady the profit is

EPS Consistency

4/7 quarters

Earnings inconsistent quarter-to-quarter

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Cash Flow

Profit that turns into cash

Cash Conversion

Weak — only 0% of profit becomes cash

Spare cash per sale

FCF Margin

0.0%

Thin free cash flow (0.0%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Stability

What it owes vs what it owns

Debt / Equity

3.71

Heavy debt load (3.71)

Covers its interest

Interest Cover

N/A

—

Data not available

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Valuation

Price vs profit

P/E Ratio (TTM)

69.2x

no trend

Expensive — P/E 69.2

P/E over 35. The market is pricing in heavy, sustained growth.

Cheaper or dearer next year

P/E vs Forward

+30.3

GROWING

Earnings expected to grow meaningfully — cheaper on forward P/E (69.2 → 38.8)

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Dividends

Not applicable for this business.

🔒 See full fundamentals and if they are improving or declining — click here for your free trial now.

Start free trial