SPIRIT Blockchain Capital, Inc. (TSE:SPIR)
:SPIR
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SPIRIT Blockchain Capital, Inc.
(SPIR)
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Rating:40Underperform
Price Target:
C$0.01
▼(-50.00% Downside)
Action:DowngradedDate:02/04/26
The score is primarily weighed down by severe financial weakness (losses, negative equity, and negative cash flows). Technical indicators also point to a weak downtrend (price below key moving averages and negative MACD). Valuation provides no support due to missing P/E and dividend yield data.
Positive Factors
Blockchain-focused business model
Operating explicitly in blockchain-focused capital markets positions the firm to benefit from structural growth in crypto institutionalization and tokenized finance. If adoption and regulatory clarity progress, the niche focus supports durable fee and asset-management opportunities.
Negative Factors
Negative stockholders' equity
Negative equity is a core solvency red flag: liabilities exceed assets, constraining borrowing capacity, increasing creditor risk, and narrowing strategic options. Persisting this condition erodes financial flexibility and raises long-term restructuring or dilution risks.
Read all positive and negative factors
Positive Factors
Negative Factors
Blockchain-focused business model
Operating explicitly in blockchain-focused capital markets positions the firm to benefit from structural growth in crypto institutionalization and tokenized finance. If adoption and regulatory clarity progress, the niche focus supports durable fee and asset-management opportunities.
Read all positive factors
SPIRIT Blockchain Capital, Inc. (SPIR) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$2.36M
Dividend YieldN/A
Average Volume (3M)215.60K
Price to Earnings (P/E)―
Beta (1Y)2.02
Revenue GrowthN/A
EPS GrowthN/A
CountryCA
EmployeesN/A
SectorFinancial
Sector Strength70
IndustryFinancial - Capital Markets
Share Statistics
EPS (TTM)N/A
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)-24.79
Price to Sales (P/S)-920.72
P/FCF Ratio-15.89
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. (SPIR) is a forward-thinking investment firm specializing in blockchain technology and digital assets. The company focuses on sectors such as decentralized finance (DeFi), non-fungible tokens (NFTs), and blockchain ...
How the Company Makes Money
SPIRIT Blockchain Capital generates revenue through multiple channels. Its primary revenue streams include management fees from investment funds that focus on blockchain technologies and digital assets, performance fees based on the returns genera...
SPIRIT Blockchain Capital, Inc. Financial Statement Overview
Summary
Income Statement
10
Very Negative
Balance Sheet
5
Very Negative
Cash Flow
15
Very Negative
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | -33.58K | 112.30K | 0.00 | -52.95K |
| Gross Profit | -229.89K | -33.58K | 112.30K | 0.00 | -52.95K |
| EBITDA | -12.34M | -10.86M | -1.94M | -3.39M | -10.28M |
| Net Income | -12.58M | -11.19M | -1.97M | -3.39M | -10.19M |
Balance Sheet | |||||
| Total Assets | 1.02M | 1.37M | 1.14M | 738.92K | 4.04M |
| Cash, Cash Equivalents and Short-Term Investments | 132.86K | 929.19K | 375.49K | 295.48K | 1.32M |
| Total Debt | 127.20K | 1.25M | 1.21M | 0.00 | 0.00 |
| Total Liabilities | 1.17M | 2.61M | 2.14M | 646.69K | 278.60K |
| Stockholders Equity | -151.49K | -1.25M | -1.00M | 92.23K | 3.76M |
Cash Flow | |||||
| Free Cash Flow | -3.62M | -1.95M | -1.06M | -1.54M | -2.58M |
| Operating Cash Flow | -3.60M | -1.92M | -1.06M | -1.24M | -675.75K |
| Investing Cash Flow | 444.71K | 611.52K | 809.35K | 816.78K | -2.13M |
| Financing Cash Flow | 3.23M | 1.88M | 343.08K | 0.00 | 3.41M |
SPIRIT Blockchain Capital, Inc. Technical Analysis
Positive
0.02
Price Trends
0.02
Positive
0.02
Positive
0.02
Negative
Market Momentum
>-0.01
Positive
58.02
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 Positive. The current price of 0.02 is above the 20-day moving average (MA) of 0.02, above the 50-day MA of 0.02, and below the 200-day MA of 0.02, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 58.02 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 Positive 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% | |
52 Neutral | C$22.76M | 7.22 | -63.28% | ― | 36.80% | 9.34% | |
50 Neutral | C$8.19M | -12.02 | -277.20% | ― | ― | -15.07% | |
45 Neutral | C$86.46M | 44.16 | -136.30% | ― | 972.76% | -192.94% | |
44 Neutral | C$11.63M | -2.38 | -14.45% | ― | -100.00% | -182.08% | |
41 Neutral | C$8.52M | -2.83 | -13.56% | ― | 40.83% | -123.25% | |
40 Underperform | C$2.36M | -1.21 | ― | ― | ― | ― |
* Financial Sector Average
TSE:SPIR
SPIRIT Blockchain Capital, Inc.
0.02
-0.04
-72.73%
TSE:BTC
Bluesky Digital Assets
0.11
-0.03
-21.43%
TSE:DEFI
DeFi Technologies
0.83
0.00
0.00%
TSE:BIGG
BIGG Digital Assets
0.07
-0.02
-27.78%
TSE:HOLD
Immutable Holdings Inc
0.15
0.00
0.00%
TSE:CBIT
Cathedra Bitcoin Inc
0.29
-0.61
-67.78%
SPIRIT Blockchain Capital, Inc. Corporate Events
Executive/Board ChangesFinancial DisclosuresRegulatory Filings and Compliance
Spirit Blockchain Capital Files Q3 2025 Financials and Announces CFO Transition
Neutral
Nov 29, 2025
Spirit Blockchain Capital Inc. has filed its Q3 2025 financial statements and announced a transition in its CFO position, with CEO Lewis Bateman stepping in as interim CFO following the departure of Inder Saini. This change comes as the company co...
Business Operations and Strategy
Spirit Blockchain Capital Updates Business Strategy and Operating Model
Neutral
Nov 18, 2025
Spirit Blockchain Capital Inc. has provided a corporate update detailing its business strategy and operating model. The company is advancing its infrastructure-first model by focusing on platform licensing, compliant payments enablement, validator...
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.