Sui Group Holdings (SUIG)
NASDAQ:SUIG
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Sui Group Holdings
(NASDAQ:SUIG)
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Rating:46Neutral
Price Target:
$1.50
▲(30.43% Upside)
Action:ReiteratedDate:03/03/26
The score is held down primarily by highly unstable financial performance, including the 2025 loss and deteriorating cash flow, despite a conservatively financed balance sheet. Technicals remain bearish (below key moving averages with negative MACD). The earnings call adds some support via buybacks and treasury-yield initiatives, but concentration and mark-to-market volatility remain significant risks, and valuation signals are limited by negative earnings.
Positive Factors
Conservative Balance Sheet
The company has virtually no debt and materially expanded equity and assets, lowering refinancing and solvency risk. A conservatively financed balance sheet provides durable optionality to pursue treasury deployments, buybacks, or withstand crypto volatility without immediate liquidity stress.
Negative Factors
Concentration & Fair-Value Volatility
Heavy balance-sheet exposure to SUI creates acute mark-to-market swings that materially impact GAAP earnings. Persistent concentration makes reported profitability and capital metrics highly sensitive to token price moves, raising long-term earnings volatility and complicating forecasting and investor confidence.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative Balance Sheet
The company has virtually no debt and materially expanded equity and assets, lowering refinancing and solvency risk. A conservatively financed balance sheet provides durable optionality to pursue treasury deployments, buybacks, or withstand crypto volatility without immediate liquidity stress.
Read all positive factors
Sui Group Holdings (SUIG) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$88.32M
Dividend YieldN/A
Average Volume (3M)1.97M
Price to Earnings (P/E)―
Beta (1Y)1.49
Revenue Growth-19.68%
EPS Growth-1055.59%
CountryUS
Employees3
SectorFinancial
Sector Strength70
IndustryFinancial - Capital Markets
Share Statistics
EPS (TTM)-5.52
Shares Outstanding76,802,870
10 Day Avg. Volume1,353,760
30 Day Avg. Volume1,969,443
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)0.40
Price to Sales (P/S)-66.60
P/FCF Ratio-30.56
Enterprise Value/Market Cap0.75
Enterprise Value/Revenue-65.84
Enterprise Value/Gross Profit-65.84
Enterprise Value/Ebitda-0.33
Forecast
1Y Price Target
$3.00Price Target Upside160.87% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)-0.15
Revenue Forecast (FY)$4.10M
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, prov...
How the Company Makes Money
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Sui Group Holdings Earnings Call Summary
Earnings Call Date:Feb 26, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:May 19, 2026
Earnings Call Sentiment Neutral
The call emphasized proactive activation of the treasury, strong ecosystem partnerships (Bluefin, Ethena, Ember), governance upgrades, significant share repurchases, and meaningful YoY revenue and cash improvements. However, these operational and strategic positives were offset in GAAP results by a very large noncash mark-to-market loss on SUI holdings that produced a substantial net loss and highlighted concentration and fair-value volatility risk. Management framed the losses as accounting-driven while underscoring continued on-chain activation, yield-generating deployments and a multi-pronged plan to grow SUI per share. Overall, the narrative is one of constructive strategic progress and product momentum, tempered by material fair-value volatility and execution/market risk tied to large token exposures.Positive Updates
Strategic Board Strengthening
Appointed Brian Quintenz (former CFTC Commissioner and ex-a16z crypto Global Head of Policy) as an independent director to reinforce governance and position the company for regulatory engagement.
Negative Updates
Substantial Noncash Mark-to-Market Loss
Recorded a $196.1 million noncash unrealized and realized loss on SUI and digital asset loan receivable holdings in Q4 due to mark-to-market accounting, which materially impacted GAAP results.
Read all updates
Q4-2025 Updates
Positive
Negative
Strategic Board Strengthening
Appointed Brian Quintenz (former CFTC Commissioner and ex-a16z crypto Global Head of Policy) as an independent director to reinforce governance and position the company for regulatory engagement.
Read all positive updates
Company Guidance
Management's guidance is to prioritize scaling SUI per share by "activating" the treasury across staking, lending, derivatives and stablecoin infrastructure while staying opportunistic with capital allocation (including an authorized $50 million share‑repurchase program); in Q4 they repurchased ~7.8 million shares at an average $2.02 (≈8.8% of shares outstanding at program implementation). Operational targets and metrics called out on the call included: staking rewards of ~1.7% annualized and ~1.13 million SUI generated since the July 2025 treasury strategy launch, a $10 million anchor into the Ember‑operated suiUSDe vault (yielding ≈10%), institutional lends such as a Bluefin facility currently yielding ~17–18% p.a. and a $5 million lend at 7.5% with a parent guarantee, and a longer‑term target to approach ~10% yield on SUI over 12–18 months; ecosystem activity cited Bluefin monthly volume >$4 billion and cumulative volume >$80–82 billion. Financial context for the guidance: Q4 gross revenue/portfolio income rose 179% to $2.4 million, Q4 net loss was $221.8 million (−$5.52 per diluted share) driven by a $196.1 million non‑cash mark‑to‑market adjustment, cash was $21.9 million (vs. $6.0 million a year earlier), and the company held 105,086,451 SUI (net value $147.4 million) plus 2,961,550 SUI loan receivable (net value $3.6 million).Sui Group Holdings Financial Statement Overview
Summary
Income Statement
14
Very Negative
Balance Sheet
74
Positive
Cash Flow
22
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Mar 2023 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | -1.01M | 3.57M | 2.10M | 3.52M | 5.24M |
| Gross Profit | -1.01M | 3.57M | 2.02M | 3.32M | 5.23M |
| EBITDA | -264.21M | 1.59M | -1.62M | 116.61K | 3.89M |
| Net Income | -264.94M | 1.17M | -1.17M | 106.96K | 2.83M |
Balance Sheet | |||||
| Total Assets | 190.36M | 20.47M | 19.11M | 18.73M | 16.70M |
| Cash, Cash Equivalents and Short-Term Investments | 25.35M | 6.03M | 376.02K | 1.09M | 1.94M |
| Total Debt | 0.00 | 0.00 | 9.28K | 16.56K | 5.65K |
| Total Liabilities | 20.62M | 715.45K | 516.43K | 863.23K | 3.28M |
| Stockholders Equity | 169.74M | 19.76M | 18.59M | 17.87M | 13.41M |
Cash Flow | |||||
| Free Cash Flow | -2.20M | 5.65M | -1.14M | -4.89M | -1.89M |
| Operating Cash Flow | -2.20M | 5.65M | -1.14M | -4.89M | -1.89M |
| Investing Cash Flow | -201.40M | 0.00 | 0.00 | 0.00 | 0.00 |
| Financing Cash Flow | 219.50M | 0.00 | 424.00K | 4.04M | -1.62M |
Sui Group Holdings Technical Analysis
Negative
1.15
Price Trends
1.32
Negative
1.60
Negative
2.80
Negative
Market Momentum
-0.06
Positive
39.84
Neutral
21.56
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 1.15 is below the 20-day moving average (MA) of 1.30, below the 50-day MA of 1.32, and below the 200-day MA of 2.80, indicating a bearish trend. The MACD of -0.06 indicates Positive momentum. The RSI at 39.84 is Neutral, neither overbought nor oversold. The STOCH value of 21.56 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SUIG.
Sui Group Holdings Risk Analysis
Sui Group Holdings disclosed 43 risk factors in its most recent earnings report. Sui Group Holdings reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Sui Group Holdings Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
55 Neutral | $110.27M | -8.30 | 17.98% | ― | 18320.01% | 27.15% | |
54 Neutral | $72.47M | -79.41 | 5.65% | ― | 8.47% | -32.22% | |
52 Neutral | $65.13M | -3.15 | 116.21% | ― | ― | ― | |
47 Neutral | $77.62M | -2.63 | -32.04% | 1.65% | 482.50% | 82.04% | |
46 Neutral | $88.32M | -0.25 | -172.41% | ― | -19.68% | -1055.59% | |
44 Neutral | $29.27M | -7.15 | -152.67% | ― | 8.60% | ― |
* Financial Sector Average
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Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.