SPIRIT Blockchain Capital, Inc. (TSE:SPIR)
:SPIR
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SPIRIT Blockchain Capital, Inc.
(SPIR)
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Rating:41Neutral
Price Target:
C$0.01
▼(-50.00% Downside)
Action:Upgraded
Date:05/22/26
The score is driven primarily by very weak financial performance (persistent losses, cash burn, and negative equity). Technicals also remain unfavorable with the stock trading below key moving averages and negative MACD, while valuation support is limited due to negative earnings and no dividend.
Positive Factors
Improving cash burn
A reduction in cash burn in 2025 versus 2024 indicates management may be slowing cash outflows or realizing modest operational improvements. Over 2–6 months this reduces near-term refinancing pressure, extends runway, and provides more time to execute strategic fixes before additional capital is required.
Negative Factors
Persistent negative cash flow
Consistent negative operating and free cash flow across all reported years means losses are converting into real cash outflows, not just accounting losses. Over the medium term this requires repeated external financing, increases dilution risk, and constrains investment in growth or product development.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving cash burn
A reduction in cash burn in 2025 versus 2024 indicates management may be slowing cash outflows or realizing modest operational improvements. Over 2–6 months this reduces near-term refinancing pressure, extends runway, and provides more time to execute strategic fixes before additional capital is required.
Read all positive factors
SPIRIT Blockchain Capital, Inc. (SPIR) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$1.57M
Dividend YieldN/A
Average Volume (3M)215.60K
Price to Earnings (P/E)―
Beta (1Y)1.55
Revenue GrowthN/A
EPS GrowthN/A
CountryCA
Employees10
SectorFinancial
Sector Strength70
IndustryFinancial - Capital Markets
Share Statistics
EPS (TTM)-0.11
Shares Outstanding157,448,030
10 Day Avg. Volume301,403
30 Day Avg. Volume215,599
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)-0.67
Price to Sales (P/S)0.00
P/FCF Ratio-0.55
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
SPIRIT Blockchain Capital, Inc. Business Overview & Revenue Model
Company Description
Spirit Blockchain Capital Inc. operates diversified portfolio of investments and cryptocurrency operations. The company invests in crypto-asset specific streaming and royalties contracts; manages its own treasury with a portfolio of listed equitie...
How the Company Makes Money
null...
SPIRIT Blockchain Capital, Inc. Financial Statement Overview
Summary
Income Statement
8
Very Negative
Balance Sheet
18
Very Negative
Cash Flow
12
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | -33.58K | 112.30K | 0.00 | -52.95K |
| Gross Profit | -229.89K | -20.08K | -33.58K | 112.30K | 0.00 | -52.95K |
| EBITDA | -12.34M | -4.46M | -10.86M | -1.94M | -3.39M | -10.28M |
| Net Income | -12.58M | -4.48M | -11.19M | -1.97M | -3.39M | -10.19M |
Balance Sheet | ||||||
| Total Assets | 1.02M | 230.96K | 1.37M | 1.14M | 738.92K | 4.04M |
| Cash, Cash Equivalents and Short-Term Investments | 132.86K | 50.39K | 929.19K | 375.49K | 295.48K | 1.32M |
| Total Debt | 127.20K | 137.59K | 1.25M | 1.21M | 0.00 | 0.00 |
| Total Liabilities | 1.17M | 2.53M | 2.61M | 2.14M | 646.69K | 278.60K |
| Stockholders Equity | -151.49K | -2.30M | -1.25M | -1.00M | 92.23K | 3.76M |
Cash Flow | ||||||
| Free Cash Flow | -3.62M | -2.80M | -1.95M | -1.06M | -1.54M | -2.58M |
| Operating Cash Flow | -3.60M | -2.80M | -1.92M | -1.06M | -1.24M | -675.75K |
| Investing Cash Flow | 444.71K | 38.60K | 611.52K | 809.35K | 816.78K | -2.13M |
| Financing Cash Flow | 3.23M | 1.91M | 1.88M | 343.08K | 0.00 | 3.41M |
SPIRIT Blockchain Capital, Inc. Technical Analysis
Negative
0.02
Price Trends
0.01
Negative
0.01
Negative
0.02
Negative
Market Momentum
>-0.01
Positive
47.65
Neutral
<0.01
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:SPIR, the sentiment is Negative. The current price of 0.02 is above the 20-day moving average (MA) of 0.01, above the 50-day MA of 0.01, and above the 200-day MA of 0.02, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 47.65 is Neutral, neither overbought nor oversold. The STOCH value of <0.01 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:SPIR.
SPIRIT Blockchain Capital, Inc. 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 | C$86.46M | 15.74 | 31.69% | ― | -27.75% | 52.58% | |
53 Neutral | C$28.46M | -16.77 | -63.28% | ― | 3.46% | 94.86% | |
50 Neutral | C$8.19M | -12.02 | -277.20% | ― | ― | -10.61% | |
42 Neutral | C$11.63M | -2.08 | -14.45% | ― | ― | -25.89% | |
41 Neutral | C$1.57M | -0.34 | ― | ― | ― | ― | |
41 Neutral | C$9.55M | -1.55 | -13.56% | ― | 13.07% | -609.11% |
* Financial Sector Average
TSE:SPIR
SPIRIT Blockchain Capital, Inc.
0.01
-0.04
-80.00%
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SPIRIT Blockchain Capital, Inc. Corporate Events
Business Operations and StrategyExecutive/Board Changes
Spirit Blockchain Capital Refreshes Board With Capital Markets Veteran
Positive
Mar 6, 2026
Spirit Blockchain Capital Inc., a Canadian public company, develops and operates blockchain-based financial infrastructure such as tokenization platforms, payments enablement and infrastructure support for regulated digital-asset products across E...
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.