A
AI Financial Corp
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 Corporation is a financial services and fintech holding company providing blockchain-powered technologies for digital asset trading, payments processing, and payment card services. The company operates three primary platforms: ALT5 Prime, an over-the-counter digital asset trading platform; ALT5 Pay, a cryptocurrency payment gateway for merchants; and StrataCarte, a multi-currency payment card service with crypto capabilities. The company targets business-to-business customers including banks, broker-dealers, funds, family offices, proprietary trading firms, and merchants globally, with approximately 1,900 corporate customers in 50 countries. The company also holds clinical-stage biopharmaceutical assets focused on novel pain and addiction therapies.
Summary from 10-K filed 2026-04-13
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | 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 | Trend | 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 | Trend | 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
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Frequently asked questions
What is AI Financial Corp's CIK number?
AI Financial Corp's SEC CIK number is 0000862861 (862861). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find AI Financial Corp's SEC filings?
All of AI Financial Corp's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.