Sui Group Holdings (SUIG) AI Stock Analysis

• Market Cap: $135.40M
• Dividend Yield: N/A
• Average Volume (3M): 1.97M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.49
• Revenue Growth: -19.68%
• EPS Growth: -1055.59%
• Country: US
• Employees: 3
• Sector: Financial
• Sector Strength: 70
• Industry: Financial - Capital Markets
• EPS (TTM): -0.72
• Shares Outstanding: 83,068,870
• 10 Day Avg. Volume: 1,353,760
• 30 Day Avg. Volume: 1,969,443
• PEG Ratio: -0.17
• Price to Book (P/B): 1.92
• Price to Sales (P/S): 10.63
• P/FCF Ratio: 6.71
• Enterprise Value/Market Cap: 0.68
• Enterprise Value/Revenue: 23.63
• Enterprise Value/Gross Profit: 23.63
• Enterprise Value/Ebitda: 65.49
• 1Y Price Target: $4.00
• Price Target Upside: 145.40% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 48 Neutral
• Price Target: $2.00 ▲(22.70% Upside)

The score is held down primarily by unstable profitability (large TTM loss) and uneven cash-flow history, alongside bearish technicals with price below key moving averages. Offsetting factors include a low-debt balance sheet and an earnings call that showed strategic momentum and revenue growth, though heavily impacted by substantial unrealized losses and higher expenses.

Positive Factors

Conservative balance sheet / low leverage

Near-zero debt and sizable equity provide a durable financial cushion, lowering bankruptcy and refinancing risk. This conservative capital structure supports the company's ability to fund strategic initiatives, absorb token mark-to-market swings, and pursue partnerships without urgent liquidity pressure.

Growing staking revenue stream

Material growth in staking income indicates the company is converting token holdings into recurring, protocol-native revenue. As staking scales with treasury holdings, this can provide a more predictable, durable cash flow source that supports operations and offsets cyclical trading or portfolio gains/losses.

Strategic partnerships and product launches

Partnerships and native stablecoin launches expand product set and institutional access, creating new revenue channels (revenue-sharing lending, stablecoin utility). These structural initiatives deepen ecosystem integration and can sustainably increase transaction flow and fee-based revenue over time.

Negative Factors

Large mark-to-market unrealized loss

Heavy concentration in SUI token holdings exposes the income statement and equity to price volatility, producing large noncash losses that materially depress reported earnings and ROE. This structural exposure makes operating results more volatile and complicates long-term performance visibility.

Significantly higher operating expenses

A large step-up in operating costs, if persistent, undermines margin sustainability and requires substantially higher recurring revenue to achieve break-even. Elevated OpEx raises the breakeven threshold, strains cash flow, and limits the firm's flexibility to invest or withstand future token-price shocks.

Volatile profitability and uneven cash flows

Historic swings between profit and loss and inconsistent operating/free cash flows reduce predictability for stakeholders. This volatility hampers reliable capital allocation, budgeting, and trust in recurring earnings, making it harder to plan long-term investments or justify sustained expense increases.

Sui Group Holdings Business Overview & Revenue Model

Company Description

SUI Group Holdings Limited, formerly Mill City Ventures III, Ltd., is a company that has shifted its strategic focus to a SUI treasury strategy centered on the Sui blockchain. It aims to be the premier, foundation-backed SUI treasury company, providing institutional-grade exposure to the SUI digital asset. The company's strategy involves the long-term accumulation and activation of SUI to support the advancement and adoption of the Sui network. While executing its SUI treasury strategy, the company also plans to continue its specialty finance operations.

How the Company Makes Money

Mill City Ventures III generates revenue through the interest and fees charged on its lending products. By providing short-term loans, the company earns interest income, which is a primary revenue stream. Additionally, any fees associated with the loan origination process contribute to its earnings. The company may also engage in strategic partnerships or collaborations that allow it to expand its reach and enhance its service offerings, though specific partnerships are not detailed.

Sui Group Holdings Financial Statement Overview

Summary

Low leverage and sizable equity/assets reduce financial risk, but results are highly volatile. The TTM period shows a sharply negative net outcome with deeply negative operating profit, and cash flows have been inconsistent despite being positive in the TTM.

Income Statement

Revenue has expanded meaningfully over time (2024 annual up strongly, and TTM (Trailing-Twelve-Months) still positive), but profitability is highly inconsistent. TTM (Trailing-Twelve-Months) shows a sharp deterioration with deeply negative operating profit and a very large net loss, despite a small positive EBITDA. Prior years swing between strong profitability (2020–2021, 2024) and losses (2022–2023), indicating volatile earnings quality and limited predictability.

Balance Sheet

The balance sheet appears conservatively financed with essentially no debt (debt-to-equity near zero across periods), which materially reduces financial risk. Equity and assets are sizable in the latest period, providing a cushion for volatility. The key weakness is returns: TTM (Trailing-Twelve-Months) return on equity is sharply negative due to the net loss, signaling poor recent value creation despite the strong capitalization.

Cash Flow

Cash generation is uneven. TTM (Trailing-Twelve-Months) operating and free cash flow are positive, but operating cash flow is modest relative to reported losses, and free cash flow growth is sharply negative versus the prior period. Earlier years show repeated negative operating/free cash flow (2020–2023) followed by a strong rebound in 2024, suggesting cash flows can swing materially year to year.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	3.92M	3.57M	2.10M	3.52M	5.24M	1.30M
Gross Profit	3.92M	3.57M	2.02M	3.32M	5.23M	1.30M
EBITDA	1.42M	1.59M	-1.62M	116.61K	3.89M	563.92K
Net Income	-43.23M	1.17M	-1.17M	106.96K	2.83M	2.21M
Balance Sheet
Total Assets	429.15M	20.47M	19.11M	18.73M	16.70M	12.51M
Cash, Cash Equivalents and Short-Term Investments	51.62M	6.03M	376.02K	1.09M	1.94M	5.44M
Total Debt	0.00	0.00	9.28K	16.56K	5.65K	26.06K
Total Liabilities	24.04M	715.45K	516.43K	863.23K	3.28M	870.00K
Stockholders Equity	405.11M	19.76M	18.59M	17.87M	13.41M	11.64M
Cash Flow
Free Cash Flow	1.67M	5.65M	-1.14M	-4.89M	-1.89M	-2.46M
Operating Cash Flow	1.67M	5.65M	-1.14M	-4.89M	-1.89M	-2.46M
Investing Cash Flow	-250.79M	0.00	0.00	0.00	0.00	0.00
Financing Cash Flow	288.69M	0.00	424.00K	4.04M	-1.62M	-162.92K

Sui Group Holdings Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1.63
• 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 SUIG, the sentiment is Negative. The current price of 1.63 is below the 20-day moving average (MA) of 1.80, below the 50-day MA of 1.87, and below the 200-day MA of 2.90, indicating a bearish trend. The MACD of -0.08 indicates Positive momentum. The RSI at 38.33 is Neutral, neither overbought nor oversold. The STOCH value of 35.71 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SUIG.

Sui Group Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SIEB	72 Outperform	$120.07M	16.32	8.43%	―	8.47%	-32.22%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
DOMH	61 Neutral	$63.43M	0.71	-29.28%	―	―	―
BTCS	56 Neutral	$104.92M	3.21	43.45%	1.65%	482.50%	82.04%
BTM	55 Neutral	$74.81M	8.49	1375.23%	―	8.60%	―
PROP	53 Neutral	$109.15M	-0.43	24.27%	―	18320.01%	27.15%
SUIG	48 Neutral	$135.40M	-2.93	-20.35%	―	-19.68%	-1055.59%

Sui Group Holdings Corporate Events

Sui Group Appoints Dana Wagner to Board Committees

On December 13, 2025, Sui Group Holdings Limited appointed Dana Wagner to its Board’s Compensation Committee and Corporate Governance and Nominating Committee, filling previously disclosed vacancies. This appointment follows the company’s receipt of a Nasdaq notification in July 2025 regarding non-compliance with committee requirements due to the unexpected passing of a former Board member. Wagner’s appointment helps Sui Group regain compliance with Nasdaq’s rules, which require at least two qualified members on each committee.

The most recent analyst rating on (SUIG) stock is a Buy with a $6.50 price target. To see the full list of analyst forecasts on Sui Group Holdings stock, see the SUIG Stock Forecast page.