ThreeD Capital (IDK) AI Stock Analysis

• Market Cap: C$10.37M
• Dividend Yield: N/A
• Average Volume (3M): 143.68K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.30
• Revenue Growth: 53.55%
• EPS Growth: -289.42%
• Country: CA
• Employees: N/A
• Sector: Financial
• Sector Strength: 70
• Industry: Asset Management
• EPS (TTM): -0.04
• Shares Outstanding: 94,287,636
• 10 Day Avg. Volume: 129,169
• 30 Day Avg. Volume: 143,677
• PEG Ratio: <0.01
• Price to Book (P/B): 0.18
• Price to Sales (P/S): -0.84
• P/FCF Ratio: -0.40
• 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: 49 Neutral
• Price Target: C$0.11 ▲(83.33% Upside)
• Action: Reiterated Date: 02/28/26
• Date: Action: Reiterated 02/28/26

The score is held back primarily by weak and volatile financial performance (recent large losses and negative cash flow), partially offset by a low-leverage balance sheet. Technical indicators add moderate support due to positive momentum and price above key moving averages, while valuation is constrained by a negative P/E and no dividend yield data.

Positive Factors

Low leverage balance sheet

Extremely low leverage provides durable financial flexibility: the company can support follow-on investments or absorb portfolio drawdowns without immediate refinancing pressure. This conservatism reduces solvency risk and preserves optionality to deploy capital into opportunities over months.

Investment-focused business model

A pure investment vehicle model creates structural flexibility to reallocate capital across sectors and vintages. By focusing on equity and equity-linked stakes, management can realize upside through exits and financings, enabling scalable value creation independent of operating revenue cycles.

Proven episodic profitability

Historical profitable years show the firm can generate meaningful realized gains when investments exit or revalue positively. That track record implies the portfolio and deal selection can produce returns, supporting medium-term recovery potential if disciplined deployment and exits continue.

Negative Factors

Weak, volatile income performance

Sustained negative revenue and large net losses reflect inconsistent investment performance and impair net asset value. Over a multi-month horizon this undermines capital available for new investments, pressures retained earnings, and signals limited earnings stability for an investment vehicle.

Negative and inconsistent cash flow

Recurring negative operating and free cash flow forces reliance on asset sales or external funding to support operations and investments. This raises liquidity and execution risk, potentially constraining the firm's ability to fund portfolio companies or participate in follow-on rounds without dilutive raises.

Shrinking equity and very negative ROE

Declining shareholders' equity combined with severely negative ROE indicates capital erosion and poor historical capital allocation. Over months this degrades the firm's capacity to support investments, may force recapitalizations, and weakens investor confidence in long-term value creation.

ThreeD Capital Business Overview & Revenue Model

Company Description

ThreeD Capital Inc., formerly known as Brownstone Energy Inc., is a venture capital firm specializing in seed, early stage and growth capital opportunistic investments. The firm seeks to invest in technology; biotechnology; renewable technology, Nanotechnology, Electric Vehicles,Internet of things, electronic sports, junior resources with an emphasis on the precious-metal and battery-metal sectors; artificial intelligence with a focus on disruptive data science technologies, machine learning, and neuro networks; and blockchain sectors with a focus on blockchain assets. ThreeD Capital Inc. was founded in 1987 and is based in Toronto, Canada.

How the Company Makes Money

ThreeD Capital primarily makes money (or incurs losses) through investment returns on its portfolio rather than through operating revenue. Key sources include: (1) Realized gains and losses: profits (or losses) generated when the company sells equity positions, warrants, or other securities at prices above (or below) their purchase cost; (2) Unrealized gains and losses: changes in the fair value of its holdings over time, which can impact reported earnings even when investments are not sold; (3) Income from investments: to the extent portfolio holdings provide cash distributions (e.g., interest, dividends, or similar investment income), those amounts contribute to results, but specific recurring levels are not available here (null); and (4) Potential strategic transaction outcomes: value may be created through financings, liquidity events, or other corporate actions involving investee companies (e.g., secondary offerings, mergers, or acquisitions) that affect the value of ThreeD’s positions. Material partnership arrangements or fee-based revenue streams (e.g., management fees from third parties) are not available here (null).

ThreeD Capital Financial Statement Overview

Summary

Overall financial quality is weak. Income performance is highly volatile with TTM negative revenue (-$4.6M) and a large net loss (-$21.9M). Cash flow is also pressured with negative TTM operating cash flow/free cash flow (~-$2.7M). The main offset is a strong balance sheet with very low leverage (debt-to-equity ~0.02), but equity has been shrinking and ROE is sharply negative in TTM.

Income Statement

Income performance is weak and volatile. TTM (Trailing-Twelve-Months) shows deeply negative revenue (-$4.6M) and a large net loss (-$21.9M), with revenue also declining (-19.2% growth). While the company posted a strong profit year in 2021 and a profit again in 2024, results swung back to sizable losses in 2025, indicating limited earnings stability and poor recent profitability trajectory.

Balance Sheet

The balance sheet is a relative strength due to very low leverage. Total debt is modest ($0.63M TTM) versus equity of ~$25.3M, keeping debt-to-equity extremely low (~0.02). However, equity has decreased versus prior years and returns on equity are sharply negative in TTM (about -70%), reflecting that capital is currently not being translated into profits.

Cash Flow

Cash generation is pressured. TTM (Trailing-Twelve-Months) operating cash flow and free cash flow are both negative (~-$2.7M), following a very large cash outflow in 2025 annual (~-$13.7M). There are periods of positive cash flow (notably 2022 and 2024), but the overall pattern is inconsistent, and recent negative cash flow raises funding and sustainability risk if losses persist.

Breakdown	TTM	Sep 2025	Sep 2024	Sep 2023	Sep 2022	Sep 2021
Income Statement
Total Revenue	-4.64M	-6.52M	-5.25M	-9.06M	470.22K	39.95M
Gross Profit	-4.82M	-15.14M	-5.34M	-9.09M	384.32K	39.83M
EBITDA	-21.79M	-18.75M	4.14M	-12.17M	-3.61M	34.80M
Net Income	-21.88M	-18.85M	4.02M	-12.29M	-3.74M	34.66M
Balance Sheet
Total Assets	25.86M	31.43M	56.17M	40.35M	51.48M	56.64M
Cash, Cash Equivalents and Short-Term Investments	6.29K	5.29K	482.15K	4.55K	394.41K	205.43K
Total Debt	627.61K	359.38K	441.03K	48.18K	173.99K	294.32K
Total Liabilities	559.51K	977.78K	11.46M	662.42K	571.70K	2.77M
Stockholders Equity	25.30M	30.45M	44.72M	39.69M	50.91M	53.87M
Cash Flow
Free Cash Flow	-2.70M	-13.70M	658.57K	-598.09K	1.57M	-4.08M
Operating Cash Flow	-2.70M	-13.70M	658.57K	-598.09K	1.57M	-4.07M
Investing Cash Flow	-1.02M	9.56M	0.00	0.00	-5.45K	-7.40K
Financing Cash Flow	3.57M	3.66M	-180.38K	208.71K	-1.38M	4.21M

ThreeD Capital Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.06
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:IDK, the sentiment is Positive. The current price of 0.06 is below the 20-day moving average (MA) of 0.09, below the 50-day MA of 0.08, and below the 200-day MA of 0.08, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 69.06 is Neutral, neither overbought nor oversold. The STOCH value of 88.89 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:IDK.

ThreeD Capital 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%
ZC	67 Neutral	C$10.65M	0.09	75.06%	―	486.23%	478.94%
AAB	56 Neutral	C$4.02M	1.63	-735.40%	―	82.65%	-70.88%
IDK	49 Neutral	C$10.37M	-0.44	-70.07%	―	53.55%	-289.42%
QCA	48 Neutral	C$4.21M	9.47	-45.81%	―	26.42%	-1217.14%
PXI	45 Neutral	C$23.57M	-0.96	-32.32%	―	-54.44%	-78.24%
BLGV	42 Neutral	C$4.82M	-0.72	-226.11%	―	19.82%	-51.61%

ThreeD Capital Corporate Events

ThreeD Capital Expands Portfolio Company Exposure Through New YouTube Interviews

ThreeD Capital has expanded the content on its YouTube channel by uploading recent interviews with several of its portfolio companies, including AI/ML Innovation Inc., Neurable Inc., Hypercycle and TODAQ Micro Inc. The firm plans additional interviews in the coming weeks with other holdings, notably Forte Minerals Corp., a Canadian exploration company with copper and gold assets in Peru.

The initiative highlights ThreeD Capital’s efforts to showcase its investee companies and provide investors with more visibility into its portfolio and their operational developments. Management emphasized that the featured firms represent only a portion of its holdings and that positions in these companies may be adjusted over time in line with market conditions and investment objectives.

The most recent analyst rating on (TSE:IDK) stock is a Hold with a C$0.09 price target. To see the full list of analyst forecasts on ThreeD Capital stock, see the TSE:IDK Stock Forecast page.

ThreeD Capital Amends Related-Party Loan to CEO

ThreeD Capital Inc. has amended a loan agreement with its chief executive officer, Sheldon Inwentash, under which the company will lend him $1,215,769 at an annual interest rate of 5%, unsecured and maturing on December 31, 2026. Classified as a related-party transaction under Canadian securities rules, the deal falls below the 25% market capitalization threshold that would trigger a formal valuation and minority shareholder approval, and remains subject to Canadian Securities Exchange approval, highlighting the firm’s continued use of exemptive relief in managing internal financing arrangements.