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SPIRIT Blockchain Capital, Inc.
(SPIR)
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Rating:44Neutral
Price Target:
C$0.02
▼(-25.00% Downside)
Action:Reiterated
Date:07/23/26
The score is primarily constrained by weak financial performance (persistent losses, negative equity, and ongoing cash burn), which dominates the risk profile. Technical indicators are mixed-to-neutral with modest positive momentum signals but limited conviction. Valuation support is limited due to a negative P/E (loss-making) and no dividend yield data.
Positive Factors
Improving cash burn
An improvement in cash burn in 2025 versus 2024 indicates management has begun to slow negative cash outflows. If sustained, this trend reduces near-term financing needs, extends runway and allows more time to execute strategic initiatives before requiring dilutive capital raises.
Negative Factors
Negative shareholders' equity
Persistent negative equity reflects cumulative losses and meaningful balance sheet erosion, reducing creditor protection and limiting borrowing capacity. This structural weakness increases dependence on external capital, raises dilution risk and constrains long-term strategic options.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving cash burn
An improvement in cash burn in 2025 versus 2024 indicates management has begun to slow negative cash outflows. If sustained, this trend reduces near-term financing needs, extends runway and allows more time to execute strategic initiatives before requiring dilutive capital raises.
Read all positive factors
SPIRIT Blockchain Capital, Inc. (SPIR) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$2.37M
Dividend YieldN/A
Average Volume (3M)215.60K
Price to Earnings (P/E)―
Beta (1Y)1.63
Revenue GrowthN/A
EPS GrowthN/A
CountryCA
Employees10
SectorFinancial
Sector Strength70
IndustryFinancial - Conglomerates
Share Statistics
EPS (TTM)-0.11
Shares Outstanding157,981,350
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 as a digital asset and blockchain company. It offers holds and invests in a portfolio of crypto-currencies; and provides blockchain and advisory services to third parties. The company mines cryptocurrencies,...
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 | -10.24M |
| 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. 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 | 5.85 | 31.97% | ― | -27.75% | 52.58% | |
47 Neutral | C$23.13M | -19.70 | -8.57% | ― | -15.87% | 96.43% | |
45 Neutral | C$8.19M | -2.63 | -170.33% | ― | -234.82% | 48.90% | |
44 Neutral | C$2.37M | -0.52 | 240.47% | ― | ― | ― | |
44 Neutral | C$11.63M | -1.29 | -27.20% | ― | ― | -25.89% |
* Financial Sector Average
TSE:SPIR
SPIRIT Blockchain Capital, Inc.
0.02
-0.03
-62.50%
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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.