Neptune Digital Assets

NPPTF

Financial - Capital Markets · Financial Services

Exchange

Other OTC

Winston Score

Winston is serious

Below-average fundamentals — multiple weak pillars.

Data as of Aug 23, 2026 · filings through May 31, 2026

How the score breaks down

Quality

Mixed

Growth

Mixed

Cash Flow

Weak

Stability

Good

Valuation

Data not available

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Winston Score History

The full picture

Neptune Digital Assets Corp. is a Canadian company that works in the cryptocurrency and blockchain space. It mines Bitcoin and other digital currencies using specialized computers, and it also runs nodes that help process transactions on various blockchain networks. The company serves the broader crypto market and targets investors who want exposure to digital assets through a publicly traded stock.

Neptune earns money primarily by collecting newly minted cryptocurrency as a reward for mining, and by earning fees or staking rewards from operating blockchain nodes. It is a small-cap company based in Canada, with operations focused on North American digital asset infrastructure. Its competitive position is weak relative to larger, better-funded crypto miners, and its deeply negative operating margin shows it currently spends far more than it earns. The biggest risk the company faces is the volatile price of Bitcoin — when crypto prices fall sharply, mining revenue can drop below operating costs, threatening the business's survival.

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

-66.8% YoY

YoY Growth Rate

Revenue declining

EPS Growth

+324.0% YoY

YoY Growth Rate

EPS growth accelerating

Insider Activity

11.5%ownership

Insiders own a meaningful stake in the company

Cash Runway

5+ years

Quarterly Free Cash Flow

→ Burn rate stable

$25M cash & investments at current burn rate

Revenue declining

Neptune Digital Assets'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.

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Quality

Profit per sale

Gross Margin

79.5%

Premium pricing power — 79.5% gross margin

Profit after running costs

Operating Margin

-313.5%

Losing money on operations — -313.5%

Return on the money invested

ROCE

-4.7%

Weak — -4.7% return on capital

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

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Growth

Sales growth

Sales YoY

-37.8%

Shrinking sales (-37.8% YoY)

Profit growth

EPS YoY

N/A

Data not available

How steady the profit is

EPS Consistency

5/8 quarters

Mixed — about half the quarters showed growth

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Cash Flow

Profit that turns into cash

Cash Conversion

-1989%

Weak — only -1989% of profit becomes cash

Spare cash per sale

FCF Margin

-453.4%

Burning cash (-453.4%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

What it owes vs what it owns

Debt / Equity

0.24

Conservative — low debt load (0.24)

Covers its interest

Interest Cover

N/A

Data not available

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Valuation

Price vs profit

P/E Ratio (TTM)

N/A

no trend

Data not available

Cheaper or dearer next year

P/E vs Forward

N/A

not available

Data not available

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Dividends

Not applicable for this business.

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