Neptune Digital Assets (NDA) AI Stock Analysis

• Market Cap: C$138.54M
• Dividend Yield: N/A
• Average Volume (3M): 337.75K
• Price to Earnings (P/E): 372.4
• Beta (1Y): 1.64
• Revenue Growth: -21.21%
• EPS Growth: -84.82%
• Country: CA
• Employees: 3
• Sector: Financial
• Sector Strength: 70
• Industry: Financial - Capital Markets
• EPS (TTM): N/A
• Shares Outstanding: 128,281,100
• 10 Day Avg. Volume: 272,697
• 30 Day Avg. Volume: 337,753
• PEG Ratio: -4.28
• Price to Book (P/B): 1.86
• Price to Sales (P/S): 74.90
• P/FCF Ratio: -51.07
• 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: C$3.00
• Price Target Upside: 177.78% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 49 Neutral
• Price Target: C$0.94 ▼(-13.43% Downside)

The score is held back primarily by weak cash generation (negative operating and free cash flow) and inconsistent core profitability despite a stronger balance sheet. Technicals add some support with improving short-term momentum, but valuation is a meaningful headwind due to an extremely high P/E and no dividend yield provided.

Positive Factors

Strategic Asset Growth

The significant growth in assets, including Bitcoin and SpaceX investments, indicates a strong strategic direction, enhancing long-term value creation and positioning Neptune for future growth in the digital asset space.

Bitcoin Accumulation Strategy

The disciplined Bitcoin accumulation strategy, including dollar-cost averaging and opportunistic buying, strengthens Neptune's position in the cryptocurrency market, ensuring steady growth and resilience against market volatility.

Board Strengthening

The addition of an experienced independent director enhances governance and strategic oversight, potentially improving operational effectiveness and aligning with long-term shareholder interests.

Negative Factors

Negative Cash Flows

Persistent negative cash flows indicate operational inefficiencies and pose a risk to financial stability, potentially limiting the company's ability to fund growth initiatives and manage economic downturns effectively.

Revenue Decline

The decline in revenue reflects challenges in maintaining consistent income streams, which could hinder Neptune's ability to sustain growth and profitability in the competitive digital finance sector.

Operational Challenges

Operational inefficiencies, as evidenced by negative margins, suggest difficulties in cost management and profitability, potentially impacting long-term business sustainability and competitive positioning.

Neptune Digital Assets Business Overview & Revenue Model

Company Description

Neptune Digital Assets Corp. builds, owns, and operates digital currency infrastructure assets in Canada. The company stakes and lends various digital currencies. It invests in digital asset ecosystem, including Bitcoin mining, staking cryptocurrencies, decentralized finance, yield farming, and liquidity mining, as well as operates blockchain nodes and other associated blockchain technology projects. The company is headquartered in Vancouver, Canada.

How the Company Makes Money

Neptune Digital Assets generates revenue through a variety of channels within the digital finance ecosystem. The company's primary revenue streams include the appreciation and trading of its cryptocurrency holdings, staking, and yield generation from DeFi protocols. Additionally, Neptune Digital Assets may engage in mining operations, earning block rewards and transaction fees from validating transactions on various blockchain networks. The company also leverages strategic partnerships and collaborations within the blockchain industry to enhance its investment portfolio and maximize returns. By actively managing and optimizing its digital asset portfolio, Neptune Digital Assets seeks to capitalize on market opportunities and deliver value to its stakeholders.

Neptune Digital Assets Financial Statement Overview

Summary

Neptune Digital Assets has a robust balance sheet with low leverage and a high equity ratio, which is a significant strength. However, the company faces challenges with fluctuating revenues, negative cash flows, and operational inefficiencies, which are notable weaknesses.

Income Statement

Neptune Digital Assets shows fluctuating revenue with a recent decline from $2.41M to $2.13M in TTM, indicating a negative revenue growth rate. The gross profit margin improved to 43% in TTM, but negative EBIT and EBITDA margins highlight operational challenges. The net profit margin improved significantly due to net income increases, but this volatility presents risks.

Balance Sheet

The company's balance sheet is strong with a high equity ratio of 93% in TTM, reflecting robust capitalization. The debt-to-equity ratio is low due to minimal debt, indicating low leverage. However, the return on equity is volatile, showing both losses and gains, which suggests potential instability in generating shareholder returns.

Cash Flow

Neptune Digital Assets faces cash flow challenges with negative operating and free cash flows in TTM. The operating cash flow to net income ratio is negative, indicating insufficient cash generation from operations relative to reported net income. Despite this, financing activities have been a significant source of cash, helping to mitigate some cash flow risks.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	1.78M	1.78M	2.41M	2.90M	4.19M	358.70K
Gross Profit	781.27K	781.27K	796.91K	594.14K	-1.91M	180.94K
EBITDA	1.41M	1.41M	-1.60M	-1.55M	-3.49M	-6.83M
Net Income	367.57K	367.57K	2.43M	-5.13M	-21.07M	-593.09K
Balance Sheet
Total Assets	87.17M	87.17M	50.69M	32.94M	36.04M	54.68M
Cash, Cash Equivalents and Short-Term Investments	10.42M	10.42M	11.31M	14.60M	8.71M	3.48M
Total Debt	9.62M	9.62M	0.00	0.00	0.00	0.00
Total Liabilities	15.52M	15.52M	805.90K	654.48K	890.79K	769.08K
Stockholders Equity	71.65M	71.65M	49.88M	32.28M	35.15M	53.91M
Cash Flow
Free Cash Flow	-4.63M	-2.61M	-3.53M	-3.73M	-5.71M	-2.48M
Operating Cash Flow	-2.61M	-2.61M	-3.06M	-3.39M	-460.90K	-1.06M
Investing Cash Flow	-9.61M	-9.61M	3.93M	1.47M	5.06M	-37.44M
Financing Cash Flow	9.14M	9.14M	-200.13K	81.25K	0.00	38.54M

Neptune Digital Assets Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1.08
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:NDA, the sentiment is Positive. The current price of 1.08 is above the 20-day moving average (MA) of 0.93, above the 50-day MA of 0.82, and below the 200-day MA of 1.24, indicating a neutral trend. The MACD of 0.07 indicates Negative momentum. The RSI at 62.27 is Neutral, neither overbought nor oversold. The STOCH value of 82.22 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:NDA.

Neptune Digital Assets 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%
HUT	67 Neutral	C$8.68B	32.18	18.75%	―	7.46%	-4.30%
BIGG	52 Neutral	C$26.26M	-1.88	-63.28%	―	36.80%	9.34%
GLXY	51 Neutral	C$13.87B	―	-2.77%	―	―	-121.84%
NDA	49 Neutral	C$138.54M	372.41	0.60%	―	-21.21%	-84.82%
BITF	46 Neutral	C$2.27B	-12.14	-17.06%	―	51.69%	28.00%
DMGI	44 Neutral	C$56.70M	-5.41	-10.10%	―	39.64%	-70.96%

Neptune Digital Assets Corporate Events

Neptune Digital Assets Posts Record $22.8 Million Profit as Crypto and Frontier Tech Bets Lift Assets 75%

Neptune Digital Assets reported a record comprehensive net income of $22.8 million for the year ended August 31, 2025, as total assets surged 75% to $87.2 million, largely on the back of strong revaluation gains in its growing digital currency portfolio. The company’s Bitcoin holdings rose to approximately 416 BTC, valued around $50 million, while it expanded its Solana and Cosmos positions and maintained diversified exposure to other major tokens, even as gross revenues declined to $2.2 million due to reduced post-halving mining income and weaker altcoin markets. Neptune further deepened its strategic shift into frontier technologies by increasing its SpaceX stake to 32,126 shares (valued at about $18.8 million) and initiating a position in xAI, supported by a US$25 million revolving credit line, positioning the firm as a leveraged play on both digital assets and high-growth private tech as it seeks to capture future upside in these sectors.

The most recent analyst rating on (TSE:NDA) stock is a Buy with a C$3.00 price target. To see the full list of analyst forecasts on Neptune Digital Assets stock, see the TSE:NDA Stock Forecast page.

Neptune Expands Tech Investments with Strategic Stake in AI Innovator xAI Corp

Neptune Digital Assets has announced a strategic investment of $300,000 USD into xAI Corp., an artificial intelligence company aimed at accelerating human scientific discovery through sophisticated AI systems. This investment aligns with Neptune’s strategy to diversify its asset base and capitalize on transformative technologies such as AI, blockchain, and space exploration. Building on its successful investment in SpaceX, Neptune positions itself as a frontrunner in fostering innovation across high-growth technological domains, creating potential long-term value for shareholders.

The most recent analyst rating on (TSE:NDA) stock is a Buy with a C$3.00 price target. To see the full list of analyst forecasts on Neptune Digital Assets stock, see the TSE:NDA Stock Forecast page.

Neptune Digital Assets Surpasses $70 Million in Bitcoin Treasury

Neptune Digital Assets has announced that its Bitcoin treasury has exceeded $70 million CAD, with more than 410 Bitcoin, reflecting a 138% increase in value year-over-year. This growth is attributed to Neptune’s multi-faceted strategy, including dollar-cost averaging, staking-to-Bitcoin conversion, derivative trading, and proof-of-work mining, positioning the company as a resilient and forward-looking entity in the digital asset industry, offering investors diversified yield opportunities.

The most recent analyst rating on (TSE:NDA) stock is a Buy with a C$3.00 price target. To see the full list of analyst forecasts on Neptune Digital Assets stock, see the TSE:NDA Stock Forecast page.

Neptune Digital Assets Surpasses $70 Million in Bitcoin Treasury

Neptune Digital Assets Corp. has announced that its Bitcoin treasury has exceeded $70 million CAD, with over 410 Bitcoin, marking a 138% year-over-year growth in value. The company employs a hybrid treasury growth strategy that includes dollar-cost averaging, altcoin staking conversions, derivative trading, and traditional Bitcoin mining, positioning Neptune as a resilient and forward-looking entity in the digital asset sector, offering diversified yield opportunities to investors.

The most recent analyst rating on (TSE:NDA) stock is a Buy with a C$3.00 price target. To see the full list of analyst forecasts on Neptune Digital Assets stock, see the TSE:NDA Stock Forecast page.