Destiny Tech100 Inc. (DXYZ) AI Stock Analysis

• Market Cap: N/A
• Dividend Yield: N/A
• Average Volume (3M): 1.07M
• Price to Earnings (P/E): 8.7
• Beta (1Y): 3.89
• Revenue Growth: -1373.03%
• EPS Growth: 1414.60%
• Country: US
• Employees: N/A
• Sector: Financial
• Sector Strength: 70
• Industry: Asset Management
• EPS (TTM): N/A
• Shares Outstanding: 14,427,988
• 10 Day Avg. Volume: 715,045
• 30 Day Avg. Volume: 1,069,817
• PEG Ratio: 0.07
• Price to Book (P/B): 0.87
• Price to Sales (P/S): -135.19
• P/FCF Ratio: -32.95
• Enterprise Value/Market Cap: 10.00T>
• Enterprise Value/Revenue: -98.17
• Enterprise Value/Gross Profit: -172.25
• Enterprise Value/Ebitda: 6.28
• 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: 48 Neutral
• Price Target: $26.00 ▲(19.76% Upside)
• Action: Reiterated Date: 03/12/26
• Date: Action: Reiterated 03/12/26

The score is held down primarily by weak cash generation and volatile financial results, with additional pressure from bearish technical signals (price below major moving averages and negative MACD). A relatively low P/E provides some valuation support, and the improved low-leverage balance sheet helps offset risk, but not enough to outweigh stability and cash-flow concerns.

Positive Factors

Balance sheet strength

Very low leverage and a large equity base provide durable financial flexibility: the company can sustain portfolio holding periods, absorb valuation swings, and fund operations or opportunistic investments without urgent refinancing, reducing solvency risk over months.

Investment-focused business model

A clear, asset-management style model centered on late-stage private tech stakes offers structural exposure to venture-backed growth, portfolio diversification benefits, and the potential for exit-driven gains, which support long-term capital appreciation versus transactional product cycles.

Rebound in reported profitability

A return to positive earnings across 2024–2025 indicates improving portfolio outcomes or better cost management. If sustained, this trend can strengthen retained capital, improve reinvestment capacity, and support longer-term financial stability beyond transient cycles.

Negative Factors

Weak cash generation

Repeated negative operating and free cash flow means earnings are not reliably converting to liquidity. Over a multi-month horizon this forces reliance on the balance sheet or external financing to pay expenses or seize exits, increasing funding and operational risk.

Volatile earnings and inconsistent revenues

Sharp swings in profits and irregular or negative reported revenues indicate earnings are largely driven by one-off portfolio events or accounting variability. This undermines forecasting, capital planning, and the predictability of returns over the coming months.

Structural shifts in balance-sheet comparability

Large, erratic changes in equity and assets suggest major portfolio revaluations or capital transactions. This reduces the reliability of trend analysis, complicates risk assessment, and raises uncertainty about recurring financial performance in the medium term.

Destiny Tech100 Inc. Business Overview & Revenue Model

Company Description

Destiny Tech100, Inc. operates as a non-diversified, closed-end management investment company. The company was founded on November 18, 2020 and is headquartered in Austin, TX.

How the Company Makes Money

null

Destiny Tech100 Inc. Financial Statement Overview

Summary

Balance sheet strength is a clear positive (very low leverage and a large equity base in 2024–2025), but overall quality is weakened by highly volatile profitability, inconsistent/negative reported revenues, and poor cash conversion with negative operating/free cash flow in the latest year.

Income Statement

Profitability has been highly volatile. After losses in 2021–2023, the company reported a sharp rebound to positive earnings in 2024 and a much larger profit in 2025, but revenues are inconsistent and even reported as negative in 2024–2025, which raises questions about the durability and quality of the earnings profile. Margins also swing widely year to year, signaling low stability in the underlying income statement.

Balance Sheet

The balance sheet looks strong in the most recent years, with very low leverage (debt is near-zero relative to equity in 2024–2025) and a large equity base supporting assets. This is a major improvement versus 2021, when equity was negative and leverage was extreme. The main drawback is the dramatic shift in equity and asset levels over time, which points to meaningful structural changes and reduces comparability year-to-year.

Cash Flow

Cash generation is uneven and recently weak: operating cash flow and free cash flow are negative in 2025 and were also negative in 2022–2023, despite positive earnings in 2024–2025. 2024 showed modest positive operating and free cash flow, but the overall pattern suggests profitability is not consistently translating into cash, increasing reliance on balance sheet strength or financing to fund operations.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	-2.83M	-12.70K	360.46K	25.56M	0.00
Gross Profit	-6.98M	19.54M	-1.85M	23.29M	-2.17M
EBITDA	44.23M	17.43M	-4.14M	-3.93M	-3.19M
Net Income	44.23M	17.43M	-4.14M	-3.93M	-4.03M
Balance Sheet
Total Assets	441.37M	71.41M	53.46M	61.89M	98.60M
Cash, Cash Equivalents and Short-Term Investments	205.27M	0.00	4.83M	12.03M	46.77M
Total Debt	1.30K	0.00	0.00	0.00	88.35M
Total Liabilities	3.32M	1.36M	838.43K	5.12M	102.61M
Stockholders Equity	438.04M	70.05M	52.62M	56.76M	-4.01M
Cash Flow
Free Cash Flow	-11.62M	347.56K	-11.73M	-37.25M	389.96K
Operating Cash Flow	-11.62M	347.56K	-3.27M	-10.78M	389.96K
Investing Cash Flow	-307.58M	3.41M	-8.46M	-26.47M	-45.39M
Financing Cash Flow	323.59M	-344.99K	-291.51K	2.51M	91.77M

Destiny Tech100 Inc. Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 21.71
• 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 DXYZ, the sentiment is Neutral. The current price of 21.71 is below the 20-day moving average (MA) of 27.21, below the 50-day MA of 29.22, and below the 200-day MA of 29.78, indicating a bearish trend. The MACD of -1.06 indicates Positive momentum. The RSI at 42.86 is Neutral, neither overbought nor oversold. The STOCH value of 24.47 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for DXYZ.

Destiny Tech100 Inc. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
MLCI	59 Neutral	$6.90M	-1.19	-25.88%	1.07%	66.65%	-1497.99%
RMCO	50 Neutral	$59.05M	-37.85	-2.51%	0.20%	261.58%	-329.41%
DXYZ	48 Neutral	―	8.65	26.55%	―	-1373.03%	1414.60%
CWD	46 Neutral	$9.05M	-0.28	-1438.14%	―	-62.09%	-99.89%
ATON	42 Neutral	$8.20M	-0.33	-925.11%	―	―	―
BTTC	34 Underperform	$11.81M	>-0.01	-109.09%	―	―	60.78%