SPIRIT Blockchain Capital, Inc. (TSE:SPIR)
:SPIR
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SPIRIT Blockchain Capital, Inc.
(SPIR)
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Rating:44Neutral
Price Target:
C$0.01
▼(-50.00% Downside)
Action:Reiterated
Date:06/12/26
The score is primarily held down by weak financial performance (unstable/limited revenue, persistent losses, negative equity, and ongoing cash burn). Technicals are only modestly supportive with mixed momentum but a bearish moving-average trend, and valuation is pressured by the negative P/E tied to continued unprofitability.
Positive Factors
Manageable debt
Balance-sheet commentary notes debt is not outsized in absolute terms. This reduces immediate refinancing risk relative to highly leveraged peers, preserving optionality for restructuring or capital raises and lowering near-term insolvency pressure despite weak equity.
Negative Factors
Negative equity
Sustained negative shareholders’ equity across 2023–2025 signals meaningful balance-sheet deterioration and potential solvency concerns. Negative equity limits borrowing capacity, increases cost of capital, and compresses strategic options for funding growth or absorbing shocks.
Read all positive and negative factors
Positive Factors
Negative Factors
Manageable debt
Balance-sheet commentary notes debt is not outsized in absolute terms. This reduces immediate refinancing risk relative to highly leveraged peers, preserving optionality for restructuring or capital raises and lowering near-term insolvency pressure despite weak equity.
Read all positive factors
SPIRIT Blockchain Capital, Inc. (SPIR) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$1.58M
Dividend YieldN/A
Average Volume (3M)215.60K
Price to Earnings (P/E)―
Beta (1Y)1.83
Revenue GrowthN/A
EPS GrowthN/A
CountryCA
Employees10
SectorFinancial
Sector Strength70
IndustryFinancial - Capital Markets
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. maintains a broad range of investments and cryptocurrency ventures. Its investment strategy encompasses direct agreements for crypto-asset streaming and royalties. The firm also manages its corporate treasury, which ...
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
Negative
48.01
Neutral
66.67
Neutral
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 Negative momentum. The RSI at 48.01 is Neutral, neither overbought nor oversold. The STOCH value of 66.67 is Neutral, 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 | 5.93 | 31.69% | ― | -27.75% | 52.58% | |
50 Neutral | C$8.19M | -1.55 | -277.20% | ― | -234.82% | 48.90% | |
47 Neutral | C$23.13M | -19.42 | -63.28% | ― | -15.87% | 96.43% | |
44 Neutral | C$1.58M | -0.43 | ― | ― | ― | ― | |
42 Neutral | C$11.63M | -1.54 | -14.45% | ― | ― | -25.89% |
* Financial Sector Average
TSE:SPIR
SPIRIT Blockchain Capital, Inc.
0.01
-0.03
-77.78%
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TSE:HOLD
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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.