DigitalX Limited (DCC) AI Stock Analysis

• Market Cap: AU$41.68M
• Dividend Yield: N/A
• Average Volume (3M): 1.59M
• Price to Earnings (P/E): ―
• Beta (1Y): 2.35
• Revenue Growth: 40.28%
• EPS Growth: 13.33%
• Country: AU
• Employees: N/A
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Infrastructure
• EPS (TTM): >-0.01
• Shares Outstanding: 1,488,510,900
• 10 Day Avg. Volume: 954,110
• 30 Day Avg. Volume: 1,585,758
• PEG Ratio: 3.88
• Price to Book (P/B): 1.12
• Price to Sales (P/S): 15.02
• P/FCF Ratio: -17.39
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 41 Neutral
• Price Target: AU$0.03 ▼(-27.50% Downside)
• Action: Reiterated Date: 03/19/26
• Date: Action: Reiterated 03/19/26

The score is held down primarily by weak financial performance—large losses, negative margins, and negative operating/free cash flow—despite solid revenue growth and low leverage. Technicals also remain unfavorable with price below all key moving averages and negative MACD, while valuation provides limited support due to losses (negative P/E) and no dividend yield data.

Positive Factors

Revenue Growth

Sustained high revenue growth reflects expanding client adoption of DigitalX’s Bitcoin-focused products and services. Over 2–6 months this supports higher fee income and scale benefits: larger FUM drives recurring management fees and provides a base for margin improvement if costs are controlled.

Low Leverage / Strong Equity Position

Very low leverage gives the company financial flexibility to fund operations or product development without heavy interest burdens. This structural strength increases resilience to market volatility and reduces refinancing risk, preserving capacity to support growth or absorb temporary shocks.

Fee-based, Scalable Business Model

A fee-driven model tied to assets under management and advisory services creates recurring revenue and operating leverage as FUM scales. Over the medium term, predictable management fees and potential performance fees allow margin expansion if client retention and product uptake continue.

Negative Factors

Weak Profitability

Deep and persistent negative margins indicate the core business is not yet profitable after costs. Continued losses erode equity, limit reinvestment capacity, and make it harder to attract institutional clients or scale higher‑margin products without demonstrable margin recovery.

Negative Operating and Free Cash Flow

Negative operating and free cash flows constrain the company’s ability to fund growth, pay expenses, or invest in product development without external capital. Over months this raises the likelihood of dilution or higher-cost financing and reduces resilience during crypto market stress.

Negative Return on Equity

A negative ROE signals the company is not generating acceptable returns on shareholder capital, implying structural profitability or operational issues. Persistently negative ROE undermines investor confidence and limits internal capital available for strategic initiatives over the medium term.

DigitalX Limited Business Overview & Revenue Model

Company Description

DigitalX Limited (DCC) is a leading provider of digital asset solutions and blockchain technology consultancy, focused on empowering businesses and individuals to harness the potential of digital currencies and decentralized applications. Operating primarily in the fintech and technology sectors, DCC offers a range of services including digital asset management, blockchain integration, and development of innovative financial products. The company is committed to driving innovation in the digital economy while ensuring compliance with regulatory frameworks.

How the Company Makes Money

DigitalX makes money primarily by earning fees from its investment management activities. Key revenue streams include: (1) Management and other fund-related fees from operating and managing digital-asset investment products (e.g., Bitcoin-focused managed products), typically based on funds under management (FUM) and the applicable fee schedule of each product. (2) Performance-based fees where applicable, if a product’s structure includes an incentive/performance fee tied to returns above a defined benchmark or hurdle (if not applicable for a given product, this component would be null for that product). (3) Service and advisory revenue from providing digital asset-related services (where offered), which can include structured product support, research, or other institutional services; the specific mix depends on what is actively offered in the relevant reporting period. (4) Potential investment or treasury gains/losses from the company’s own holdings in digital assets or related investments; this can contribute to reported income but is market-dependent and may be volatile. Significant factors influencing earnings include the level of FUM (driven by inflows/outflows and Bitcoin price movements), overall crypto market conditions (which affect demand and performance), and the fee terms of its managed products. Specific material partnerships or counterparties contributing to earnings are null (not provided here without company-disclosed confirmation).

DigitalX Limited Financial Statement Overview

Summary

Despite strong revenue growth (27.52%), profitability is weak with negative gross profit, EBIT/EBITDA, and a very poor net margin (-118.14%). Balance sheet leverage is low (debt-to-equity 0.36%), but negative ROE (-8.80%) and negative operating/free cash flow indicate ongoing operational and cash generation strain.

Income Statement

DigitalX Limited has experienced significant revenue growth of 27.52% in the latest year, indicating a positive trajectory in sales. However, the company is struggling with profitability, as evidenced by negative gross profit, net profit, EBIT, and EBITDA margins. The net profit margin is particularly concerning at -118.14%, reflecting substantial losses relative to revenue.

Balance Sheet

The balance sheet shows a strong equity position with a low debt-to-equity ratio of 0.36%, indicating minimal leverage and financial risk. However, the return on equity is negative at -8.80%, highlighting inefficiencies in generating returns from equity investments.

Cash Flow

Cash flow analysis reveals challenges, with negative operating and free cash flows. The free cash flow to net income ratio is 1.0, suggesting that cash flow issues are aligned with net losses. The operating cash flow to net income ratio is negative, indicating cash flow difficulties in covering net losses.

Breakdown	TTM	Jun 2025	Jun 2024	Jun 2023	Jun 2022	Jun 2021
Income Statement
Total Revenue	5.06M	5.06M	3.61M	2.28M	2.53M	10.12M
Gross Profit	357.39K	-826.13K	-154.46K	-1.90M	1.50M	9.25M
EBITDA	-3.96M	-4.22M	-4.59M	-7.43M	-2.69M	7.20M
Net Income	-5.23M	-5.98M	-4.79M	-7.58M	-2.84M	6.76M
Balance Sheet
Total Assets	88.71M	90.67M	58.61M	34.52M	35.07M	54.58M
Cash, Cash Equivalents and Short-Term Investments	8.18M	3.59M	6.63M	3.88M	6.38M	10.45M
Total Debt	331.95K	243.17K	309.05K	366.08K	176.42K	302.59K
Total Liabilities	11.96M	10.52M	21.59M	10.59M	7.99M	12.04M
Stockholders Equity	76.75M	67.94M	37.03M	23.94M	27.08M	42.53M
Cash Flow
Free Cash Flow	-3.73M	-4.37M	-4.99M	-4.33M	-2.98M	-2.12M
Operating Cash Flow	-3.73M	-4.37M	-4.99M	-4.29M	-2.79M	-1.82M
Investing Cash Flow	-19.73M	-2.03M	3.64M	2.11M	-4.11M	-6.42M
Financing Cash Flow	13.92M	3.36M	4.02M	-719.09K	2.83M	14.50M

DigitalX Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.04
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:DCC, the sentiment is Negative. The current price of 0.04 is above the 20-day moving average (MA) of 0.03, above the 50-day MA of 0.04, and below the 200-day MA of 0.06, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 39.94 is Neutral, neither overbought nor oversold. The STOCH value of 27.50 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:DCC.

DigitalX Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
B4P	63 Neutral	AU$68.97M	7.18	19.30%	―	13.74%	70.80%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
WRK	46 Neutral	AU$209.51M	-22.61	-16.07%	―	10.79%	46.67%
DCC	41 Neutral	AU$41.68M	-7.92	-7.23%	―	40.28%	13.33%
AV1	40 Underperform	AU$82.43M	-11.79	-162.45%	―	88.69%	46.39%
SPX	37 Underperform	AU$11.68M	-0.48	-158.38%	―	106.21%	-60.61%

DigitalX Limited Corporate Events

DigitalX Director Increases Indirect Shareholding via On-Market Purchase

DigitalX director Leigh Daniel Travers has increased his indirect shareholding in the company through Leethal Pty Ltd. He purchased 870,112 fully paid ordinary shares on-market at $0.027 per share on 16 March 2026, lifting his indirect holding to 3 million shares, alongside 10 million unlisted options and 236,486 warrants.

The transaction, disclosed under ASX listing rule 3.19A.2, reflects additional financial commitment by a key board member and may be interpreted by investors as a vote of confidence in DigitalX’s prospects. No shares were disposed of, and there was no change reported in his interests in contracts, indicating a straightforward on-market accumulation.

The most recent analyst rating on (AU:DCC) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on DigitalX Limited stock, see the AU:DCC Stock Forecast page.

ParaFi Exits Substantial Holding in DigitalX After $1.28m Share Sale

Digital asset investment firm DigitalX Limited has disclosed that ParaFi Digital Opportunities LP and related entities have ceased to be substantial shareholders in the company. The change follows an on-market disposal of 39,381,079 fully paid ordinary shares on 5 March 2026 for approximately $1.28 million.

The exit of ParaFi as a substantial holder reduces concentrated institutional ownership in DigitalX and may affect the stock’s liquidity and shareholder base composition. While no change in associations was disclosed, the move signals a repositioning by a key U.S.-based digital asset investor and could influence market perceptions of DigitalX’s support from specialist crypto funds.

The most recent analyst rating on (AU:DCC) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on DigitalX Limited stock, see the AU:DCC Stock Forecast page.

DigitalX elevates Leigh Travers to Executive Chair to drive A$30m investment push

DigitalX Limited has elevated Non-Executive Chair Leigh Travers to Executive Chair, signalling a shift into an execution-focused phase as the company rolls out a strategic investment program of up to A$30 million in digital asset and fintech-aligned businesses. Travers will take a hands-on role overseeing capital deployment, strategic partnerships, trading initiatives and the development of operating businesses such as Sell My Shares.

The board emphasised that this move follows recent volatility and valuation resets in digital asset markets and aims to improve capital efficiency and move the business toward cash flow neutrality, subject to market conditions. With Travers’ prior experience as DigitalX CEO and senior roles at Animoca Brands and Binance, the board believes his active leadership and capital markets expertise will support disciplined execution of the investment strategy while maintaining governance through a streamlined three-member board.

The most recent analyst rating on (AU:DCC) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on DigitalX Limited stock, see the AU:DCC Stock Forecast page.

DigitalX Narrows Half-Year Loss as Revenue Rises but NTA Slips

DigitalX Limited reported a 6.7% rise in revenue from ordinary activities to $1.86 million for the half year to 31 December 2025, while narrowing its after-tax loss by 30.6% to $1.70 million compared with the prior corresponding period. The company’s net tangible assets per share slipped to 5.03 cents from 5.48 cents, and it again refrained from paying dividends, highlighting a continued focus on capital retention and balance-sheet support during its ongoing path toward improved profitability.

The half-year filing confirmed there were no changes in control over entities, with the DigitalX BTC Fund Unit Trust remaining its key associate, and its foreign subsidiaries continuing to report under IFRS. The interim financial statements were reviewed by auditors without disclosed qualification, offering investors added assurance on reporting quality as the group works to stabilise performance in a volatile digital asset environment.

The most recent analyst rating on (AU:DCC) stock is a Sell with a A$0.03 price target. To see the full list of analyst forecasts on DigitalX Limited stock, see the AU:DCC Stock Forecast page.

DigitalX launches A$30m strategic investment program amid Bitcoin strategy shift

DigitalX Limited has launched a strategic investment acquisition program of up to A$30 million to invest in profitable or near-profitable digital asset infrastructure businesses and Bitcoin-aligned opportunities. Funded from its existing balance sheet, the initiative is intended to improve balance sheet productivity, diversify long-term value sources, and shift the company’s strategy from pure Bitcoin accumulation toward broader capital deployment focused on sustainable cash flows.

The company will prioritise equity and structured investments in regulatory technology, compliance solutions and stablecoin-related services, alongside selective digital asset exposure that meets risk-adjusted return targets. As part of a revamped treasury strategy, DigitalX has converted 100 Bitcoin into USDT, aims to become cash flow neutral in the coming months, and may reallocate further digital asset holdings to support the program while maintaining a debt-free position.

The most recent analyst rating on (AU:DCC) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on DigitalX Limited stock, see the AU:DCC Stock Forecast page.

DigitalX Tightens Costs and Boosts Bitcoin Position in December Quarter

DigitalX Limited reported that in the December 2025 quarter it increased its total bitcoin exposure to about 504 BTC, cementing its position as Australia’s largest ASX-listed bitcoin company while managing a portfolio of cash and digital and other investments valued at $77.8 million. The company shifted into an execution and efficiency phase, undertaking an operational reset that cut annualised costs by around $1 million and reduced quarterly operating cash outflows to $0.7 million, while deploying approximately A$4.9 million into a market-neutral digital asset trading strategy aimed at generating non‑correlated cash flows and exploring additional yield strategies and BTC-backed financial products, despite a $24 million decline in asset values driven by weaker digital asset prices.

The most recent analyst rating on (AU:DCC) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on DigitalX Limited stock, see the AU:DCC Stock Forecast page.

DigitalX Shareholder Parafi Explains Late Substantial Holding Notice

Parafi Digital Opportunities LP, a substantial shareholder in DigitalX Limited holding about 6.9% of the company’s issued shares, has formally explained to the market why it lodged its substantial holding notice later than required under Australian law. The US-based fund attributed the delay to an administrative oversight in its internal processes concerning Australian regulatory filings, and said it has since corrected its procedures and implemented enhanced compliance measures to ensure timely submission of future notices, a move aimed at reassuring regulators and other stakeholders about its governance standards.

The most recent analyst rating on (AU:DCC) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on DigitalX Limited stock, see the AU:DCC Stock Forecast page.

DigitalX Holds A$79.5m in Crypto-Focused Treasury as Bitcoin Exposure Tops 500 BTC

DigitalX Limited reported total treasury holdings of A$79.5 million as at 31 December 2025, with spot Bitcoin representing 51% of the portfolio, units in its own DigitalX Bitcoin ETF 34.6%, other digital assets including Solana 4.8%, an allocation to the Lime Street Capital SPC fund 6.1%, and cash 3.5%. The company maintained total Bitcoin exposure of 503.7 BTC and slightly increased its Satoshis-per-share metric, while its Lime Street trading investment outperformed the BTC CF benchmark in December despite subdued digital asset market conditions; DigitalX also confirmed its SOL staking strategy and announced that future monthly treasury reports will be lodged in the third week of each month to align with its external fund reporting timetable.

The most recent analyst rating on (AU:DCC) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on DigitalX Limited stock, see the AU:DCC Stock Forecast page.

DigitalX Cancels 980,392 Shares After Conditional Rights Lapse

DigitalX Limited has notified the market that 980,392 of its ordinary fully paid shares have ceased under ASX rules following the lapse of conditional rights attached to those securities. The cessation, effective 27 November 2025, reflects that the conditions for these rights were not met or became incapable of being satisfied, resulting in a modest reduction of the company’s issued capital and clarifying the structure of its outstanding equity for shareholders and potential investors.

The most recent analyst rating on (AU:DCC) stock is a Sell with a A$0.04 price target. To see the full list of analyst forecasts on DigitalX Limited stock, see the AU:DCC Stock Forecast page.