AI Financial Corp

Listed Company

AIFCCIK 0000862861NasdaqNon-AcceleratedSmaller ReportingCommodity Contracts Brokers & DealersNevadaFY ends Dec 26

Period

FY 2025

Revenue

$24.84M

Net Income

$-344.51M

Total Assets

—

Equity

—

Shares Out

139.84M

Op. Cash Flow

$-7.16M

Business

ALT5 Sigma Corp provides blockchain-powered financial services and clinical-stage biotechnology development through distinct Fintech and Biotechnology segments. Its Fintech business offers ALT5 Pay, a crypto payment gateway, and ALT5 Prime, an OTC electronic trading platform available via browser, mobile app, FIX API and third-party gateways. Its Biotechnology business develops non-opioid pain therapies, principally JAN101 (sustained-release sodium nitrite) and JAN123 (biphasic low-dose naltrexone). The company targets institutional B2B clients — banks, broker‑dealers, funds, family offices, liquidity providers and merchants — across the United States, Canada, Europe and other global markets.

Summary from filing dated 2025-03-28

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenues	25	12	0	0	40
Cost of revenues	15	6	0	0	31
Gross profit	10	6	0	0	9
Selling, general and administrative expenses	33	13	5	3	12
Total operating expenses	33	13	20	3	12
Operating loss	−23	−7	−20	−3	−17
Interest expense, net	−4	−1	2	—	—
Realized gain on exchange transactions	374,000	1	0	—	—
Unrealized loss on cryptocurrency assets	−402	—	—	—	—
Unrealized gain on exchange transactions	768,000	—	—	—	—
Unrealized loss on marketable securities	—	−1	−926,000	−631,000	0
Other expense, net	−596,000	−160,000	998,000	2	152,000
Total other expense, net	−405	−2	2	5	180,000
Loss before benefit from income taxes	−428	−8	−18	1	−3
Income tax benefit	−87	−160,000	−400,000	−7	273,000
Net loss from continuing operations	−341	−8	—	—	—
Loss from discontinued operations	−4	−2	10	5	—
Income tax benefit for discontinued operations	−877,000	−3	971,000	2	—
Net (loss) income from discontinued operations	−3	733,000	—	—	—
Net loss	−345	−8	−8	11	−17
Net loss per share from continuing operations, basic	−5.86	−0.74	−4.27	2.55	−1.25
Net loss per share from continuing operations, diluted	−5.86	−0.74	−4.27	2.55	−1.25
Net loss per share, basic	−5.91	−0.68	−1.95	3.49	−6.35
Net loss per share, diluted	−5.91	−0.68	−1.95	3.49	−6.35
Basic	58	11	4	3	3
Diluted	58	11	4	3	3
Effect of foreign currency translation adjustments	−4	−2	0	−4,000	−29,000
Total other comprehensive loss, net of tax	−4	−2	—	—	—
Comprehensive (loss) income	−348	−10	−8	11	−17

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2022 2022-09-30
Cash and cash equivalents	6	7	5,000	61,000	—
Trade and other receivables, net	2	330,000	266,000	106,000	—
Digital assets receivable	18	24	0	—	—
Prepaid expenses	2	883,000	—	—	—
Other current assets	381,000	—	—	—	—
Current assets from discontinued operations	205,000	2	0	9	—
Total current assets	30	34	346,000	9	—
Property and equipment, net	28,000	—	0	3	—
Right of use assets	102,000	121,000	0	5	—
Intangible assets, net	23	19	18	—	—
Cryptocurrency assets at fair value	1,055	—	—	—	—
Deferred income taxes, net	84	—	—	—	—
Goodwill	12	4	0	—	—
Other assets from discontinued operations	16	19	—	—	—
Total assets	1,219	76	18	47	—
Accounts payable	5	3	2	2	—
Accrued liabilities	9	3	—	—	—
Digital assets payable	29	31	0	—	—
Convertible debentures	563,000	563,000	0	—	—
Operating lease liabilities	5,000	9,000	0	2	—
Current liabilities from discontinued operations	3	3	0	20	—
Total current liabilities	51	41	6	24	—
Deferred income taxes, net	—	3	639,000	195,000	—
Notes payable	9	12	0	1	—
Operating lease liabilities	107,000	113,000	0	4	—
Other noncurrent liabilities	—	108,000	34,000	46,000	—
Noncurrent liabilities from discontinued operations	—	—	0	6	—
Total liabilities	60	56	7	30	—
Commitments and Contingencies (Note 21)	—	—	—	—	—
Common stock, par value $0.001 per share, 2,000,000,000 shares authorized, 126,474,169 and 15,417,693 shares issued and outstanding at December 27, 2025 and at December 28, 2024, respectively	126,000	15,000	3,000	2,000	—
Additional paid in capital	1,551	63	47	46	—
Accumulated deficit	−403	−58	−51	−43	—
Accumulated other comprehensive loss	−6	−2	0	−621,000	—
Equity attributable to ALT5 Sigma Corporation shareholders	1,152	12	−3	2	1
Noncontrolling interest	4	4	0	—	—
Total stockholders equity	1,155	16	−3	2	—
Total liabilities, mezzanine equity, and stockholders equity	1,219	76	18	47	—

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net loss from continuing operations	−341	−8	—	—	—
Depreciation and amortization	3	1	1	2,000	4
Change in reserve for uncollectible accounts	—	254,000	0	0	—
Accretion of seller note discount	249,000	—	—	—	—
Stock based compensation expense	6	2	14,000	5,000	303,000
Common stock issued for settlement agreement	382,000	—	—	—	—
Noncash expense for stock issuances	—	365,000	0	—	—
Related party notes issued for shared services	—	800,000	0	—	—
Realized loss on digital assets	291,000	—	—	—	—
Amortization of right-of-use assets	53,000	32,000	0	—	—
Unrealized gain on digital assets	−827,000	—	0	—	—
Change in deferred income taxes	−87	−2	444,000	−5	0
Accounts receivable	−949,000	4	−367,000	−5	−620,000
Digital assets receivable	6	−15	0	—	—
Prepaid expenses	1	1	—	—	—
Other current assets	−381,000	−2	—	—	—
Accounts payable and accrued expenses	6	3	−1	184,000	2
Digital assets payable	−2	14	0	—	—
Operating cash flows provided by discontinued operations	—	—	2	−3	—
Net cash (used in) provided by operating activities	−7	2	1	−3	−5
Purchases of property and equipment	−11,000	—	—	−808,000	−2
Cash acquired in ALT5 Subsidiary acquisition	—	6	—	—	—
Cash acquired in Mswipe acquisition	122,000	—	0	—	—
Cryptocurrency assets purchased	−719	—	—	—	—
Cryptocurrency assets redeemed	12	—	—	—	—
Investing cash flows used in discontinued operations	—	—	−155,000	−2	—
Net cash (used in) provided by investing activities	−707	6	−155,000	−2	−2
Proceeds from issuance of notes payable	4	7	0	708,000	795,000
Payments on related party notes payable	−159,000	−248,000	0	−162,000	0
Proceeds from the issuance of related party note payable	—	603,000	0	—	—
Proceeds from equity financings, net	—	851,000	—	—	—
Warrants exercised	—	497,000	259,000	0	—
Payments on notes payable	−5	−3	−274,000	−14,000	−651,000
Proceeds from equity financing	750	—	792,000	0	6
Payments of placement fees	−33	—	—	—	—
Financing cash flows used in discontinued operations	—	—	−2	4	—
Net cash provided by financing activities	717	6	−1	4	7
Effect of changes in exchange rate on cash and cash equivalents	−4	−7	17,000	−4,000	−29,000
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	−955,000	7	−110,000	−591,000	326,000
Noncash recognition of new leases	918,000	121,000	0	4	2
Interest paid	1	296,000	133,000	407,000	475,000
Income tax refunds received, net	—	17,000	0	108,000	40,000
Common stock issued for prefunded warrants	750	—	—	—	—
Common stock issued for the acquisition of Mswipe	5	—	—	—	—
Common stock warrants issued for the acquisition of Mswipe	2	—	—	—	—
Alyea common stock issued for the acquisition of Mswipe	2	—	—	—	—
Convertible preferred Series Q shares converted to common stock	596,000	—	—	—	—
Convertible preferred Series M shares converted to common stock	67,000	—	—	—	—
Stock issued for the acquisition of Alt5 Subsidiary	—	8	—	—	—
Common stock issued for consulting services	—	853,000	—	—	—
Common stock issued for liability obligations	—	367,000	—	—	—
Notes payable converted to common stock	2	2	—	—	—
Common stock issued for interest obligations	—	380,000	—	—	—
Common stock issued for property and equipment	—	1	—	—	—
Preferred stock issued for intangible assets	—	1	—	—	—

Filings

Filing historySign up free to browse every 10-K, 10-Q, 8-K, and proxy this filer has submitted to the SEC.Sign up free · Upgrade to Pro

Material Events

Material EventsTrack every 8-K filing and material event — AI-summarized, timelined, and alertable.Sign up free · Upgrade to Pro

Insiders

Insider ActivitySee executive buy/sell windows and insider trade activity over rolling 30/90/365-day windows.Sign up free · Upgrade to Pro

Institutional Holders

Institutional HoldersSee which funds hold this stock and track position changes quarter over quarter.Sign up free · Upgrade to Pro