Tearsheet

ALT5 Sigma (ALTS)

Market Price (12/4/2025): $1.62 | Market Cap: $30.1 Mil
Sector: Information Technology | Industry: Application Software

ALT5 Sigma (ALTS)

Market Price (12/4/2025): $1.62
Market Cap: $30.1 Mil
Sector: Information Technology
Industry: Application Software

Investment Highlights Why It Matters Which of these 2 stories sounds closer for this stock?

1. Generates cash flow

The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.

2. Riding a trend

Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow

0	Strong revenue growth Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 926%	Weak multi-year price returns 3Y Excs Rtn is -84%	Not profitable at operating income level Op Inc LTMOperating Income, Last Twelve Months is -7.1 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -32%
1	Megatrend and thematic drivers Megatrends include Crypto & Blockchain, and Digital & Alternative Assets. Themes include Cryptocurrency Exchanges, and Digital Asset Custody.		Not cash flow generative CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -20%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -20%
2			Yield minus risk free rate is negative ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -17%
3			High stock price volatility Vol 12M is 128%
4			Significant short interest Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 74%

0	Strong revenue growth Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 926%
1	Megatrend and thematic drivers Megatrends include Crypto & Blockchain, and Digital & Alternative Assets. Themes include Cryptocurrency Exchanges, and Digital Asset Custody.
2	Weak multi-year price returns 3Y Excs Rtn is -84%
3	Not profitable at operating income level Op Inc LTMOperating Income, Last Twelve Months is -7.1 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -32%
4	Not cash flow generative CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -20%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -20%
5	Yield minus risk free rate is negative ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -17%
6	High stock price volatility Vol 12M is 128%
7	Significant short interest Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 74%

Valuation, Metrics & Events

	12/4/25	2024	2023	2022	2021
Share Price CYE	$1.62	$4.65	$0.56	$1.37	$4.09
Market Cap CYE ($ Mil)	30.1	67.4	2.8	4.3	11.6
Total Debt ($ Mil)	22.7	13.1	0.7	0.3	6.6
Total Cash ($ Mil)	9.6	7.2	0.0	0.1	0.7
Enterprise Value ($ Mil)	43.2	80.5	3.5	4.6	18.2
Valuation Ratios
P/S TTM	6.0	4.1	0.0	0.0	0.3
P/EBIT TTM	-16.7	-6.2	-0.5	-1.4	-4.8
P/E TTM	-8.0	-8.3	-0.3	0.4	-0.6
Sector Ratios
P/S TTM (Sector)	0.0	0.0	0.0	0.0	0.0
P/EBIT TTM (Sector)	0.0	0.0	0.0	0.0	0.0
P/E TTM (Sector)	0.0	0.0	0.0	0.0	0.0

	12/4/25	2024	2023
Share Price CYE	$1.62	$4.65	$0.56
Market Cap CYE ($ Mil)	30.1	67.4	2.8
Total Debt ($ Mil)	22.7	13.1	0.7
Total Cash ($ Mil)	9.6	7.2	0.0
Enterprise Value ($ Mil)	43.2	80.5	3.5
Valuation Ratios
P/S TTM	6.0	4.1	0.0
P/EBIT TTM	-16.7	-6.2	-0.5
P/E TTM	-8.0	-8.3	-0.3
Sector Ratios
P/S TTM (Sector)	0.0	0.0	0.0
P/EBIT TTM (Sector)	0.0	0.0	0.0
P/E TTM (Sector)	0.0	0.0	0.0

	ALTS	S&P 500
REVENUE GROWTH	VERY GOOD
Rev LTM ($ Bil)	0.0
Rev Chg Q	194.1%	7.1%
Rev Chg LTM	926.0%	6.1%
Rev Chg 3Y Avg	413.0%	5.5%
PROFITABILITY	VERY POOR
Op Inc LTM ($ Bil)	-0.0
CFO LTM ($ Bil)	-0.0
Net Inc LTM ($ Bil)	-0.0
Op Mgn LTM	-31.9%	18.8%
CFO/Rev LTM	-20.2%	20.5%
Net Inc Mgn	-74.9%	13.1%
VALUATION	HIGH
P/S	6.0	3.2
P/CFO	-29.6	15.8
P/FCF	-29.6	20.5
P/E	-8.0	23.5
STABILITY	VERY GOOD
Debt/Equity	0.17	0.20
Cash/Assets	0.10	0.07

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Metric	Value	Date	Source
Number of Customers	over 1,000	3282025	Link
Quarterly Transaction Volume	in excess of $600 million	11122024	Link
Annual Transaction Volume	in excess of US$1.2 billion	12312023	Link
Cumulative Transaction Volume Since Inception (2018)	over $5 billion	10082025	Link

Recent
11/25/2025	Earnings Release	Rev: - EPS: -
Upcoming
12/08/2025	Earnings Release	Rev: - EPS: -

ALTS Stock

Return (1M):

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Why The Stock Moved

Qualitative Assessment

AI Generated Analysis | Feedback

Here are five key points explaining the approximate -79.2% stock movement for ALT5 Sigma (ALTS) from August 31, 2025, to December 4, 2025:

1. Nasdaq Non-Compliance and Delisting Threat: ALT5 Sigma received a notification from Nasdaq on December 2, 2025, indicating that the company is no longer in compliance with continued listing requirements due to its failure to timely file its Form 10-Q for the third quarter of 2025. This notice requires ALT5 Sigma to submit a plan to regain compliance by January 20, 2026, or face potential delisting.

2. Delayed Q3 2025 Financial Report Filing: The company announced delays in filing its Quarterly Report on Form 10-Q for the quarter ended September 27, 2025. This delay was attributed to various factors, including an ongoing review of matters previously described in an August filing.

3. Auditor Resignation: Further compounding the financial reporting issues, ALT5 Sigma's independent registered public accounting firm, Hudgens CPA, PLLC, resigned effective November 21, 2025. This resignation was reportedly communicated to the company before June 30, 2025, and creates significant uncertainty regarding the audit of the company's financial statements.

4. Underlying Governance and Operational Concerns: The reasons cited for the delayed Q3 report included an ongoing review of matters from an August filing, which involved issues related to board composition, executive compensation, an amendment to bylaws affecting quorum requirements, a judgment against a Canadian subsidiary in Rwanda, and the personal bankruptcy of a former chief financial officer. These broad governance and operational issues likely contributed to investor apprehension.

5. Negative Analyst Ratings and Weak Financial Indicators: Throughout this period, Wall Street analysts lowered their ratings on ALT5 Sigma, with some issuing "strong sell" recommendations. The company also exhibited weak technicals and balance sheet strain, including a high debt-to-equity ratio of 1.45 and current and quick ratios of 0.88. Earlier financial performance from Q2 2025 showed revenue below expectations and significant negative earnings per share (EPS) and EBIT margins, highlighting ongoing profitability challenges.

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Stock Movement Drivers

Fundamental Drivers

The -63.5% change in ALTS stock from 9/3/2025 to 12/3/2025 was primarily driven by a -63.5% change in the company's P/S Multiple.

	9032025	12032025	Change
Stock Price ($)	4.49	1.64	-63.47%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	22.25	22.25	0.00%
P/S Multiple	3.74	1.37	-63.47%
Shares Outstanding (Mil)	18.55	18.55	0.00%
Cumulative Contribution			-63.47%

LTM = Last Twelve Months as of date shown

Market Drivers

9/3/2025 to 12/3/2025

	Return	Correlation
ALTS	-63.5%
Market (SPY)	6.2%	35.3%
Sector (XLK)	11.0%	33.3%

Fundamental Drivers

The -83.1% change in ALTS stock from 6/4/2025 to 12/3/2025 was primarily driven by a -83.7% change in the company's P/S Multiple.

	6042025	12032025	Change
Stock Price ($)	9.73	1.64	-83.14%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	18.05	22.25	23.32%
P/S Multiple	8.38	1.37	-83.70%
Shares Outstanding (Mil)	15.55	18.55	-19.29%
Cumulative Contribution			-83.77%

LTM = Last Twelve Months as of date shown

Market Drivers

6/4/2025 to 12/3/2025

	Return	Correlation
ALTS	-83.1%
Market (SPY)	15.1%	28.5%
Sector (XLK)	22.7%	27.5%

Fundamental Drivers

The -41.6% change in ALTS stock from 12/3/2024 to 12/3/2025 was primarily driven by a -73.0% change in the company's P/S Multiple.

	12032024	12032025	Change
Stock Price ($)	2.81	1.64	-41.64%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	7.11	22.25	213.01%
P/S Multiple	5.06	1.37	-72.99%
Shares Outstanding (Mil)	12.81	18.55	-44.86%
Cumulative Contribution			-53.38%

LTM = Last Twelve Months as of date shown

Market Drivers

12/3/2024 to 12/3/2025

	Return	Correlation
ALTS	-41.6%
Market (SPY)	14.3%	20.7%
Sector (XLK)	23.1%	21.3%

Fundamental Drivers

The -18.4% change in ALTS stock from 12/4/2022 to 12/3/2025 was primarily driven by a -488.9% change in the company's Shares Outstanding (Mil).

	12042022	12032025	Change
Stock Price ($)	2.01	1.64	-18.41%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	10.63	22.25	109.34%
P/S Multiple	0.60	1.37	129.51%
Shares Outstanding (Mil)	3.15	18.55	-488.86%
Cumulative Contribution			-1968.36%

LTM = Last Twelve Months as of date shown

Market Drivers

12/4/2023 to 12/3/2025

	Return	Correlation
ALTS	233.3%
Market (SPY)	53.2%	16.2%
Sector (XLK)	60.2%	15.3%

Return vs. Risk

Price Returns Compared

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
ALTS Return	65%	-16%	-67%	-59%	738%	-66%	-47%
Peers Return	13%	-2%	-7%	5%	55%	836%	1483%
S&P 500 Return	16%	27%	-19%	24%	23%	16%	112%
Monthly Win Rates [3]
ALTS Win Rate	75%	25%	42%	42%	50%	40%
Peers Win Rate	13%	10%	9%	30%	44%	36%
S&P 500 Win Rate	58%	75%	42%	67%	75%	70%
Max Drawdowns [4]
ALTS Max Drawdown	-31%	-21%	-67%	-78%	-10%	-64%
Peers Max Drawdown	-5%	-4%	-8%	-15%	-8%	-51%
S&P 500 Max Drawdown	-31%	-1%	-25%	-1%	-2%	-15%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: ADSK, HIT, BMR, BTTC, CCC.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/3/2025 (YTD)

How Low Can It Go

Unique Key	Event	ALTS	S&P 500
2022 Inflation Shock	2022 Inflation Shock
2022 Inflation Shock% Loss	% Loss	-97.7%	-25.4%
2022 Inflation Shock% Gain to Breakeven	% Gain to Breakeven	4230.0%	34.1%
2022 Inflation ShockTime to Breakeven	Time to Breakeven	Not Fully Recovered days	464 days
2020 Covid Pandemic	2020 Covid Pandemic
2020 Covid Pandemic% Loss	% Loss	-55.1%	-33.9%
2020 Covid Pandemic% Gain to Breakeven	% Gain to Breakeven	122.6%	51.3%
2020 Covid PandemicTime to Breakeven	Time to Breakeven	92 days	148 days
2018 Correction	2018 Correction
2018 Correction% Loss	% Loss	-75.0%	-19.8%
2018 Correction% Gain to Breakeven	% Gain to Breakeven	300.6%	24.7%
2018 CorrectionTime to Breakeven	Time to Breakeven	609 days	120 days
2008 Global Financial Crisis	2008 Global Financial Crisis
2008 Global Financial Crisis% Loss	% Loss	-90.4%	-56.8%
2008 Global Financial Crisis% Gain to Breakeven	% Gain to Breakeven	937.7%	131.3%
2008 Global Financial CrisisTime to Breakeven	Time to Breakeven	Not Fully Recovered days	1480 days

Compare to ADSK, HIT, BMR, BTTC, CCC

In The Past

ALT5 Sigma's stock fell -97.7% during the 2022 Inflation Shock from a high on 1/28/2021. A -97.7% loss requires a 4230.0% gain to breakeven.

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About ALT5 Sigma (ALTS)

JanOne Inc., a clinical-stage biopharmaceutical company, focuses on identifying, acquiring, licensing, developing, partnering, and commercializing novel, non-opioid, and non-addictive therapies to address the unmet medical need for the treatment of pain and addiction. It operates through three segments: Biotechnology, Recycling, and Technology. The company's lead product candidate is JAN101, a patented oral and sustained release pharmaceutical composition of sodium nitrite that targets poor blood flow to the extremities in patients with diabetes or peripheral artery disease to treat pain. It also provides turnkey appliance recycling and replacement services for utilities and other sponsors of energy efficiency programs; and designs, develops, and sells cellular transceiver modules and associated wireless services. The company was formerly known as Appliance Recycling Centers of America, Inc. and changed its name to JanOne Inc. in September 2019. JanOne Inc. was founded in 1976 and is headquartered in Las Vegas, Nevada.

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Here are 1-3 brief analogies for ALT5 Sigma (ALTS):

A Coinbase for financial institutions.
The Nasdaq for digital assets.
A Bloomberg Terminal for crypto and tokenized securities.

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Digital Asset Trading Platform: Facilitates the buying and selling of various cryptocurrencies for retail and institutional clients through spot and OTC (over-the-counter) services.
Digital Asset Custody: Provides secure storage solutions for a range of digital assets.
Cryptocurrency Payment Processing: Enables businesses to accept and process payments using cryptocurrencies.
Staking Services: Allows users to earn rewards by participating in proof-of-stake blockchain networks.

AI Generated Analysis | Feedback

ALT5 Sigma (symbol: ALTS) is a technology company that provides digital asset trading, custody, payments, and tokenization solutions. Its business model is primarily Business-to-Business (B2B), serving other companies and institutions rather than individual consumers directly.

While ALT5 Sigma targets and serves other companies, it does not publicly disclose the names of its major specific customer companies. This is a common practice for companies providing white-label infrastructure and enterprise solutions, often due to client confidentiality agreements and competitive reasons. Instead, ALT5 Sigma publicly describes its target market in terms of categories of institutional and corporate clients.

Based on their public statements and offerings, the primary categories of customers ALT5 Sigma serves are:

Financial Institutions: This category includes banks, broker-dealers, investment firms, wealth managers, and family offices. These clients utilize ALT5 Sigma's platforms and services to integrate digital asset capabilities into their existing offerings, manage digital asset portfolios, or provide custody solutions to their own clients.
Corporate Clients: This refers to businesses across various sectors looking to leverage blockchain technology or accept digital asset payments. This could include e-commerce platforms seeking to broaden payment options, or traditional businesses exploring tokenization of assets or digital treasury management.
Fintech Companies: Other technology companies or startups in the financial technology space that may white-label ALT5 Sigma's robust infrastructure to build and launch their own branded digital asset products or services without having to develop the underlying technology from scratch.

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Jonathan Hugh, Acting Chief Executive Officer & Chief Financial Officer

Jonathan Hugh was appointed Chief Financial Officer of ALT5 Sigma in August 2025 and subsequently assumed the role of Acting Chief Executive Officer in October 2025. He brings over 25 years of senior finance and commercial leadership experience across digital assets, technology, energy, and commodities trading. Prior to joining ALT5 Sigma, he served as CFO at GSR International Ltd, a global market maker, and Zodia Custody Ltd, a regulated institutional custodian, both digital asset firms. Throughout his career, Mr. Hugh has led numerous mergers and acquisitions transactions, executed multiple growth strategies, and established robust financial control, compliance, and reporting systems. He is a member of the Institute of Chartered Accountants of England and Wales and holds an MA in Law from Cambridge University.

Tony Isaac, President & Chairman of the Board

Tony Isaac has served as a director of ALT5 Sigma since May 2015 and previously held the position of Chief Executive Officer from May 2016. He is the Chairman and Co-Founder of Isaac Organization, a private investment firm. With over 40 years of experience in real estate, corporate finance, and strategic transactions, Mr. Isaac specializes in complex deal negotiations and financial structuring. He has also served as Financial Planning and Strategist/Economist of Live Ventures Incorporated (Nasdaq: LIVE), a holding company for diversified businesses, since July 2012. Mr. Isaac has invested in various private and public companies since 1980.

Zach Witkoff, Chairman of the Board

Zach Witkoff is the Co-Founder of World Liberty Financial (WLFI). He also serves as President of Witkoff Capital and Executive Vice President of Development at The Witkoff Group, where he has been instrumental in leading major real estate projects, including the West Hollywood EDITION and Manhattan's PUBLIC Hotel. Mr. Witkoff co-founded World Liberty Financial, which issues the USD1 stablecoin, now recognized as one of the top five U.S. dollar stablecoins by market size. His early career experience includes real estate finance at Wells Fargo.

André Beauchesne, President

André Beauchesne is a serial entrepreneur with 35 years of experience in management. He has founded, acquired, and sold a dozen companies across various industries, including advertising, finance, retail, and technology. Mr. Beauchesne is also the President of Beauchesne Capital, a family office, and holds positions on numerous boards of directors and committees. His past roles include serving as Chairman at OXO Translations, Inc., co-founder of the advertising agency BOS, and founder of TANK.

Vay Tham, Chief Revenue Officer & President of Fintech

Vay Tham brings over 25 years of experience in capital markets, encompassing roles in research, investment banking, and finance. Most recently, he served as Managing Director, Head of Technology Investment Banking at PI Financial Corp. (Ventum Financial). Mr. Tham previously founded, grew, and successfully sold his own fund, which managed over $300 million in assets. Throughout his career, his focus has predominantly been on technology companies.

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The clear emerging threat for ALT5 Sigma is the increasing maturation and institutional adoption of decentralized finance (DeFi) protocols and decentralized exchanges (DEXs). As institutions become more comfortable and regulatory frameworks evolve to support direct engagement with these blockchain-native financial systems, the demand for centralized intermediaries offering trading, custody, and settlement services (like ALT5 Sigma) could diminish. DeFi offers a fundamentally different, often more transparent, efficient, and direct way to access liquidity and financial services within the digital asset space, potentially bypassing traditional centralized platforms.

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ALT5 Sigma (ALTS) operates in several significant and rapidly growing addressable markets within the digital asset and blockchain financial services sectors globally.

Cryptocurrency Payment Gateways (ALT5 Pay): The global crypto payment gateways market was valued at approximately USD 1.2 billion in 2023 and is projected to register a Compound Annual Growth Rate (CAGR) of over 15% between 2024 and 2032. Other estimates place the global market size at USD 1.45 billion in 2024, with a projection to reach USD 8.806 billion by 2035 at a CAGR of 17.82% during the forecast period from 2025 to 2035. North America is a leading region in this market, holding approximately 45% of the global market share.
Digital Asset Trading Platforms (ALT5 Prime): The global digital asset trading platform market size was valued at USD 12.0 billion in 2023 and is expected to reach USD 33.5 billion by 2033, growing at a CAGR of 10.7% from 2024 to 2033. North America held a dominant market position in 2023, capturing over a 36.3% share. Another source estimates the global market size at USD 2.49 billion in 2023, with a projection to exceed USD 10.99 billion by 2033, growing at a CAGR of 16.01% from 2023 to 2033.
Stablecoin Management Solutions: The global stablecoins market size was estimated at USD 166.3 billion in 2024 and is projected to reach USD 1023.6 billion by 2035, growing at a CAGR of 17.96% from 2025 to 2035. As of June 2025, the global stablecoin market was approximately USD 255 billion. Other reports indicate the stablecoin market size surged to an estimated USD 282 billion in 2025 and is projected to reach USD 1.9 trillion by 2030 (base case forecast). North America held the largest revenue share in the stablecoins market in 2024, accounting for over 37.8%.
Asset Tokenization & Issuance: The global asset tokenization market was valued at USD 865.54 billion in 2024 and is projected to reach USD 1,244.18 billion in 2025. It is expected to grow to USD 5,254.63 billion by 2029, expanding at a CAGR of 43.36%. Another report values the asset tokenization market at USD 2.08 trillion in 2025, forecasting a climb to USD 13.55 trillion by 2030 at a 45.46% CAGR. The U.S. asset tokenization market was valued at USD 0.57 trillion in 2024 and is expected to reach USD 11.55 trillion by 2032.
Institutional Digital Asset Custody Solutions: The global digital asset custody market was valued at USD 683.38 billion in 2024 and is projected to reach USD 4,378.84 billion by 2033, growing at a CAGR of 23.6% from 2025 to 2033. Another estimate places the global market size at USD 680.3 billion in 2024, projected to grow to nearly USD 5,436 billion by 2034 at a 23.1% CAGR. North America accounted for a significant share, with 39.5% of the overall market in 2024.
Blockchain in Banking and Financial Services (General Infrastructure): The broader global blockchain in banking and financial services market size was USD 6.98 billion in 2024 and is projected to grow to USD 58.2 billion by 2029 at a CAGR of 52.9%. North America was the largest region in this market in 2024.

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ALT5 Sigma (ALTS) is expected to drive future revenue growth over the next 2-3 years through several key initiatives:

Strategic Acquisitions and Integration of New Payment Solutions: The company's revenue growth has been driven by expanded operations and strategic acquisitions. Specifically, the acquisition of Mswipe is anticipated to introduce new payment solutions, including physical and virtual cards on Visa and Mastercard networks, thereby enhancing ALT5 Sigma's product offerings in the fintech sector.
Expansion of Fintech Operations and Interoperability: ALT5 Sigma plans to focus on expanding its fintech operations by leveraging the newly acquired Mswipe platform. This strategy aims to bridge the gap between the crypto economy and traditional financial systems, ensuring regulatory alignment and interoperability with existing payment networks for future expansion. The company specializes in cryptocurrency payment solutions.
Growth in Customer Base: A significant driver of revenue growth is the expansion of its customer base. The company surpassed 1,000 customers in Q4 2024 and continues to focus on attracting more customers, with recent revenue growth attributed to these expansion efforts.
Leveraging Blockchain Technology: ALT5 Sigma aims to utilize its cutting-edge blockchain technology to reshape the digital asset landscape. The company's efforts in blockchain are expected to drive substantial returns and value for its customers and stakeholders.

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Share Repurchases

ALT5 Sigma Corp. has a share repurchase program in place.

Share Issuance

Shareholders approved an increase in authorized common stock from 200,000,000 to 2,000,000,000 shares in October 2025.
The company secured agreements to issue and sell up to 200 million shares of common stock, projected to raise approximately $1.5 billion.
Issuance of 119,000,000 shares of common stock upon the exercise of pre-funded and common stock purchase warrants was also approved by shareholders.

Inbound Investments

MOG Digitech Holdings Limited invested $500,000 in ALT5 Sigma through a fund subscription in October 2025.

Outbound Investments

ALT5 Sigma Corporation acquired Soin Therapeutics in 2022, a company focused on developing treatments for chronic regional pain syndrome.
In June 2023, ALT5 Sigma Canada Inc. acquired all shares of Cypherlynx s.r.o., a Czech Republic-licensed cryptocurrency exchange.
In May 2024, JanOne Inc. acquired ALT5 Sigma, Inc., subsequently changing its corporate name to ALT5 Sigma Corporation in July 2024.

Capital Expenditures

Dollar values for capital expenditures over the last 3-5 years are not readily available in the provided information.

Better Bets than ALT5 Sigma (ALTS)

	ALTS	Better Performance than ALTS
Metric	Value	INDUSTRY: Application Software
Rev Chg LTM	926.0%	IMMR (3538.9%), VS (1873.8%), TONX (1320.6%)
Op Mgn LTM	-31.9%	APP (52.5%), ORCL (31.6%), PLTR (21.8%), CRM (21.2%), SHOP (15.7%)
CFO/Rev LTM	-20.2%	APP (50.6%), PLTR (46.6%), ORCL (36.5%), CRM (33.3%), SHOP (18.0%)
FCF/Rev LTM	-20.2%	APP (50.6%), PLTR (46.0%), CRM (31.6%), SHOP (17.8%), ORCL (-10.0%)
Total Yield	-12.4%	CRM (3.0%), ORCL (2.8%), APP (1.2%), SHOP (0.9%), PLTR (0.3%)
P/S	6.0	LYFT (1.4), SSNC (3.5), ZM (5.0), DOCU (5.1), PEGA (5.7)
P/Op Inc	-18.9

	ALTS	Better Performance than ALTS
Metric	Value	SECTOR: Information Technology
Rev Chg LTM	926.0%	IMMR (3538.9%), VS (1873.8%), TONX (1320.6%)
Op Mgn LTM	-31.9%	NVDA (58.1%), MSFT (46.3%), AVGO (39.0%), AAPL (31.9%), ORCL (31.6%)
CFO/Rev LTM	-20.2%	MSFT (50.0%), NVDA (46.6%), AVGO (42.4%), ORCL (36.5%), AAPL (26.6%)
FCF/Rev LTM	-20.2%	NVDA (43.6%), AVGO (41.6%), MSFT (26.6%), AAPL (23.5%), ORCL (-10.0%)
Total Yield	-12.4%	MSFT (3.4%), AAPL (3.0%), ORCL (2.8%), NVDA (2.3%), AVGO (1.5%)
P/S	6.0	INTC (2.8), IBM (4.0), CSCO (4.9), MU (5.0), AMAT (5.1)
P/Op Inc	-18.9

	ALTS	Better Performance than ALTS
Metric	Value	ALL OTHER SECTORS
Rev Chg LTM	926.0%	UEC (29737.9%), QXO (8117.4%), ARWR (2816.2%), CYTK (2609.3%), JOBY (1934.5%)
Op Mgn LTM	-31.9%	META (43.2%), LLY (43.0%), GOOGL (32.2%), AMZN (11.4%), TSLA (5.1%)
CFO/Rev LTM	-20.2%	META (56.8%), GOOGL (39.3%), AMZN (18.1%), TSLA (16.5%), BRK-B (9.8%)
FCF/Rev LTM	-20.2%	META (23.7%), GOOGL (19.1%), TSLA (7.1%), BRK-B (4.8%), AMZN (2.0%)
Total Yield	-12.4%	BRK-B (6.2%), GOOGL (4.6%), META (3.5%), AMZN (3.0%), TSLA (0.4%)
P/S	6.0	WMT (1.1), XOM (1.4), BRK-B (2.7), AMZN (3.5), JPM (4.9)
P/Op Inc	-18.9

		Best Bets In Information Technology Sector
	ALTS
What You Pay
P/E	-8.1
P/EBIT	-16.9
What You Get
Rev Chg Q	194.1%
Rev Chg LTM	926.0%
Rev Chg 3Y Avg	�
FCF/Rev 3Y Avg	�

[1] Choosing top 10 best bets from each sector quarterly is an alpha producing strategy vs sector benchmark
[2] Historical annualized return of 24%, alpha of 2.9%, and sharpe of 1.04

Latest Trefis Analyses

	Title	Topic
0	DASHBOARDS
1	Is ALT5 Sigma Stock Built to Withstand More Downside?	Return

	Title
0	ARTICLES

Trade Ideas

Select past ideas related to ALTS. For more, see Trefis Trade Ideas.

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
ENPH_11302025_Dip_Buyer_High_CFO_Margins_ExInd_DE	11302025	ENPH	Enphase Energy	Dip Buy	DB \| CFO/Rev \| Low D/EDip Buy with High Cash Flow Margins Buying dips for companies with significant cash flows from operations and reasonable debt / market cap	0.9%	0.9%	-0.9%
PD_11262025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG	11262025	PD	PagerDuty	Dip Buy	DB \| FCF Yield \| Low D/EDip Buy with High Free Cash Flow Yield Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap	0.8%	0.8%	0.0%
CRM_11212025_Dip_Buyer_FCFYield	11212025	CRM	Salesforce	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	3.3%	3.3%	-0.1%
HUBS_11212025_Dip_Buyer_High_CFO_Margins_ExInd_DE	11212025	HUBS	HubSpot	Dip Buy	DB \| CFO/Rev \| Low D/EDip Buy with High Cash Flow Margins Buying dips for companies with significant cash flows from operations and reasonable debt / market cap	5.1%	5.1%	0.0%
FIVN_11212025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG	11212025	FIVN	Five9	Dip Buy	DB \| FCF Yield \| Low D/EDip Buy with High Free Cash Flow Yield Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap	4.0%	4.0%	0.0%

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
ENPH_11302025_Dip_Buyer_High_CFO_Margins_ExInd_DE	11302025	ENPH	Enphase Energy	Dip Buy	DB \| CFO/Rev \| Low D/EDip Buy with High Cash Flow Margins Buying dips for companies with significant cash flows from operations and reasonable debt / market cap	0.9%	0.9%	-0.9%
PD_11262025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG	11262025	PD	PagerDuty	Dip Buy	DB \| FCF Yield \| Low D/EDip Buy with High Free Cash Flow Yield Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap	0.8%	0.8%	0.0%
CRM_11212025_Dip_Buyer_FCFYield	11212025	CRM	Salesforce	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	3.3%	3.3%	-0.1%
HUBS_11212025_Dip_Buyer_High_CFO_Margins_ExInd_DE	11212025	HUBS	HubSpot	Dip Buy	DB \| CFO/Rev \| Low D/EDip Buy with High Cash Flow Margins Buying dips for companies with significant cash flows from operations and reasonable debt / market cap	5.1%	5.1%	0.0%
FIVN_11212025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG	11212025	FIVN	Five9	Dip Buy	DB \| FCF Yield \| Low D/EDip Buy with High Free Cash Flow Yield Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap	4.0%	4.0%	0.0%

Recent Active Movers

1 Day Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
MPLT	MapLight Therapeutics	0.7	31.3%
AEVA	Aeva Technologies	0.8	25.7%	188.2%
DC	Dakota Gold	0.6	19.7%	150.9%
SERV	Serve Robotics	0.7	18.2%	-12.6%
ACDC	ProFrac	0.7	17.6%	-45.0%
HY	Hyster Yale	0.6	15.6%	-29.9%
AEO	American Eagle Outfitters	4.1	15.1%	49.7%
BEAM	Beam Therapeutics	2.7	14.4%	7.8%
GOSS	Gossamer Bio	0.8	14.4%	278.1%
FTRE	Fortrea	1.3	14.4%	-21.8%

1 Day Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
PSTG	Pure Storage	22.6	-27.3%	12.1%
GTLB	GitLab	6.3	-12.8%	-32.9%
CTEV	Claritev	0.7	-11.3%
FBYD	Falcons Beyond Global	0.7	-11.2%	131.2%
ACHC	Acadia Healthcare	1.3	-10.9%	-63.0%
ULS	UL Solutions	16.0	-10.7%	60.4%
HPK	HighPeak Energy	0.7	-10.6%	-59.8%
OS	OneStream	3.5	-10.4%	-35.0%
ARE	Alexandria Real Estate Equities	8.2	-10.1%	-47.9%
THO	Thor Industries	5.3	-9.5%	6.6%

1 Week Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
HPP	Hudson Pacific Properties	6.3	641.5%	-34.3%
TLRY	Tilray Brands	7.5	618.1%	-46.9%
TMC	TMC The Metals	2.8	42.2%	589.3%
VERA	Vera Therapeutics	2.6	40.2%	-2.4%
ARWR	Arrowhead Pharmaceuticals	9.0	39.1%	246.1%
TE	T1 Energy	0.7	37.4%
MPLT	MapLight Therapeutics	0.7	32.1%
AEVA	Aeva Technologies	0.8	31.1%	188.2%
AMKR	Amkor Technology	10.9	30.2%	73.4%
DC	Dakota Gold	0.6	30.2%	150.9%

1 Week Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
JANX	Janux Therapeutics	1.1	-50.7%	-68.0%
VTYX	Ventyx Biosciences	0.6	-25.0%	258.0%
CTEV	Claritev	0.7	-23.5%
AMBA	Ambarella	3.0	-22.9%	-3.6%
FULC	Fulcrum Therapeutics	0.6	-21.5%	92.8%
PD	PagerDuty	1.1	-20.5%	-33.9%
NTNX	Nutanix	12.7	-19.3%	-22.4%
CNK	Cinemark	2.6	-18.0%	-25.2%
PSTG	Pure Storage	22.6	-17.2%	12.1%
ZS	Zscaler	38.1	-15.9%	35.1%

1 Month Top Gainers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
OLMA	Olema Pharmaceuticals	2.3	223.6%	367.4%
COGT	Cogent Biosciences	5.4	152.6%	402.1%
CDTX	Cidara Therapeutics	5.9	115.1%	722.1%
IRWD	Ironwood Pharmaceuticals	0.6	100.5%	-15.8%
TERN	Terns Pharmaceuticals	2.5	95.9%	396.2%
FRGE	Forge Global	0.6	90.3%	217.8%
SGML	Sigma Lithium	1.1	87.3%	-10.6%
INSP	Inspire Medical Systems	4.0	82.8%	-27.3%
NPCE	NeuroPace	0.6	77.2%	48.9%
ALMS	Alumis	0.6	71.9%	-0.3%

1 Month Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
UP	Wheels Up Experience	0.4	-52.7%	-62.4%
CCOI	Cogent Communications	0.9	-51.9%	-72.9%
SMR	NuScale Power	3.0	-50.7%	12.3%
FRMI	Fermi	10.3	-47.5%
AMSC	American Superconductor	1.4	-47.2%	30.1%
TLRY	Tilray Brands	7.5	-46.1%	-46.9%
BTDR	Bitdeer Technologies	2.4	-44.8%	-41.8%
EXOD	Exodus Movement	0.4	-43.1%	-53.3%
STUB	Stubhub	3.5	-39.8%
METC	Ramaco Resources	1.0	-39.4%	66.9%

Recent Active Movers

1 Day Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
MPLT	MapLight Therapeutics	0.7	31.3%
AEVA	Aeva Technologies	0.8	25.7%	188.2%
DC	Dakota Gold	0.6	19.7%	150.9%
SERV	Serve Robotics	0.7	18.2%	-12.6%
ACDC	ProFrac	0.7	17.6%	-45.0%
HY	Hyster Yale	0.6	15.6%	-29.9%
AEO	American Eagle Outfitters	4.1	15.1%	49.7%
BEAM	Beam Therapeutics	2.7	14.4%	7.8%
GOSS	Gossamer Bio	0.8	14.4%	278.1%
FTRE	Fortrea	1.3	14.4%	-21.8%

1 Day Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
PSTG	Pure Storage	22.6	-27.3%	12.1%
GTLB	GitLab	6.3	-12.8%	-32.9%
CTEV	Claritev	0.7	-11.3%
FBYD	Falcons Beyond Global	0.7	-11.2%	131.2%
ACHC	Acadia Healthcare	1.3	-10.9%	-63.0%
ULS	UL Solutions	16.0	-10.7%	60.4%
HPK	HighPeak Energy	0.7	-10.6%	-59.8%
OS	OneStream	3.5	-10.4%	-35.0%
ARE	Alexandria Real Estate Equities	8.2	-10.1%	-47.9%
THO	Thor Industries	5.3	-9.5%	6.6%

1 Week Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
HPP	Hudson Pacific Properties	6.3	641.5%	-34.3%
TLRY	Tilray Brands	7.5	618.1%	-46.9%
TMC	TMC The Metals	2.8	42.2%	589.3%
VERA	Vera Therapeutics	2.6	40.2%	-2.4%
ARWR	Arrowhead Pharmaceuticals	9.0	39.1%	246.1%
TE	T1 Energy	0.7	37.4%
MPLT	MapLight Therapeutics	0.7	32.1%
AEVA	Aeva Technologies	0.8	31.1%	188.2%
AMKR	Amkor Technology	10.9	30.2%	73.4%
DC	Dakota Gold	0.6	30.2%	150.9%

1 Week Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
JANX	Janux Therapeutics	1.1	-50.7%	-68.0%
VTYX	Ventyx Biosciences	0.6	-25.0%	258.0%
CTEV	Claritev	0.7	-23.5%
AMBA	Ambarella	3.0	-22.9%	-3.6%
FULC	Fulcrum Therapeutics	0.6	-21.5%	92.8%
PD	PagerDuty	1.1	-20.5%	-33.9%
NTNX	Nutanix	12.7	-19.3%	-22.4%
CNK	Cinemark	2.6	-18.0%	-25.2%
PSTG	Pure Storage	22.6	-17.2%	12.1%
ZS	Zscaler	38.1	-15.9%	35.1%

Peer Comparisons for ALT5 Sigma

Peers to compare with:

Financials

	ALTS	ADSK	HIT	BMR	BTTC	CCC	Median
Name	ALT5 Sig.	Autodesk	Health I.	Beamr Im.	Black Ti.	CCC Inte.
Mkt Price	1.64	307.24	1.29	2.22	3.42	7.56	2.82
Mkt Cap	0.0	65.4	0.1	-	-	-	0.1
Rev LTM	22	6,605	27	-	2	1,026	27
Op Inc LTM	-7	1,515	1	-	-0	65	1
FCF LTM	-4	1,847	1	-	-	255	128
FCF 3Y Avg	-3	1,704	-	-	-	216	216
CFO LTM	-4	1,925	4	-	-	310	157
CFO 3Y Avg	-3	1,775	-	-	-	271	271

Growth & Margins

	ALTS	ADSK	HIT	BMR	BTTC	CCC	Median
Name	ALT5 Sig.	Autodesk	Health I.	Beamr Im.	Black Ti.	CCC Inte.
Rev Chg LTM	926.0%	13.8%	29.7%	-	-	10.6%	21.7%
Rev Chg 3Y Avg	-	11.7%	-	-	-	10.2%	11.0%
Rev Chg Q	194.1%	17.1%	86.2%	-	-	12.0%	51.7%
QoQ Delta Rev Chg LTM	23.3%	4.1%	19.3%	-	-	2.9%	11.7%
Op Mgn LTM	-31.9%	22.9%	5.0%	-	-3.8%	6.3%	5.0%
Op Mgn 3Y Avg	-	21.5%	-	-	-	6.9%	14.2%
QoQ Delta Op Mgn LTM	9.3%	0.8%	-0.1%	-	-	-0.1%	0.4%
CFO/Rev LTM	-20.2%	29.1%	13.5%	-	-	30.2%	21.3%
CFO/Rev 3Y Avg	-	30.7%	-	-	-	29.0%	29.9%
FCF/Rev LTM	-20.2%	28.0%	4.9%	-	-	24.9%	14.9%
FCF/Rev 3Y Avg	-	29.5%	-	-	-	23.1%	26.3%

Valuation

	ALTS	ADSK	HIT	BMR	BTTC	CCC	Median
Name	ALT5 Sig.	Autodesk	Health I.	Beamr Im.	Black Ti.	CCC Inte.
Mkt Cap	0.0	65.4	0.1	-	-	-	0.1
P/S	6.0	10.0	1.8	-	-	-	6.0
P/EBIT	-16.9	46.7	24.6	-	-	-	24.6
P/E	-8.1	63.2	35.8	-	-	-	35.8
P/CFO	-30.0	34.3	13.5	-	-	-	13.5
Total Yield	-12.4%	1.6%	2.8%	-	-	-	1.6%
Dividend Yield	0.0%	0.0%	0.0%	-	-	-	0.0%
FCF Yield 3Y Avg	-28.0%	3.3%	-	-	-	-	-12.4%
D/E	0.2	0.0	0.0	-	-	-	0.0
Net D/E	0.1	0.0	-0.2	-	-	-	0.0

Returns

	ALTS	ADSK	HIT	BMR	BTTC	CCC	Median
Name	ALT5 Sig.	Autodesk	Health I.	Beamr Im.	Black Ti.	CCC Inte.
1M Rtn	-26.1%	1.2%	-52.2%	-12.3%	-3.1%	-13.3%	-12.8%
3M Rtn	-63.5%	-3.2%	-53.8%	-20.1%	-14.5%	-64.8%	-37.0%
6M Rtn	-83.1%	3.0%	104.0%	-30.6%	-14.5%	-64.8%	-22.6%
12M Rtn	-41.6%	2.8%	-	-27.5%	4,785.7%	-64.8%	-27.5%
3Y Rtn	-18.4%	52.8%	-	-	3,320.0%	-64.8%	17.2%
1M Excs Rtn	-26.1%	1.2%	-52.2%	-12.2%	-3.1%	-13.3%	-12.7%
3M Excs Rtn	-63.0%	-9.3%	-59.4%	-23.1%	-19.8%	-70.2%	-41.3%
6M Excs Rtn	-97.9%	-11.7%	89.3%	-45.3%	-29.2%	-79.6%	-37.3%
12M Excs Rtn	-42.6%	-8.3%	-	-45.7%	4,643.1%	-78.4%	-42.6%
3Y Excs Rtn	-84.2%	-15.5%	-	-	3,299.3%	-137.6%	-49.8%

Financials

Annual
Quarterly

$ Mil \| FY: 12/28	LTM	2024	2023	2022	2021	2020	2019
Period End	6/28/2025	12/28/2024	12/30/2023	12/31/2022	1/1/2022	1/2/2021	12/28/2019
Filing Date	8/12/2025	3/28/2025	4/8/2024	4/17/2023	4/1/2022	3/30/2021	4/6/2020
Key Financials
Total Revenue	22	13	0	0	40	34	35
EBITDA	-3	-5	-3	-3	2	-4	-8
Operating Income	-7	-8	-5	-3	-3	-9	-12
Net Income	-17	-6	-8	11	-17	-8	-12
EPS	-1.05	-0.56	-1.95	3.49	-6.35	-4.59	-6.78
Growth Rates
Total Revenue Growth	926.0%	∞%	-	-100.0%	18.2%	-3.5%	-4.6%
EBITDA Growth	43.4%	-51.0%	-4.7%	-265.6%	144.2%	48.5%	-298.0%
Operating Income Growth	-4.1%	-59.3%	-50.7%	2.2%	64.2%	27.6%	-103.9%
Net Income Growth	14.9%	20.1%	-171.1%	165.1%	-98.7%	29.0%	-113.3%
Margins
EBITDA Margin	-13.9%	-39.7%	-	-	4.7%	-12.7%	-23.8%
Operating Income Margin	-31.9%	-60.3%	-	-	-8.0%	-26.6%	-35.4%
Net Income Margin	-74.9%	-49.8%	-	-	-42.2%	-25.1%	-34.1%
Cash & Debt
Total Cash	10	7	0	0	1	0	0
Total Debt	23	13	1	0	7	7	5
Net Debt / (Cash)	13	6	1	0	6	6	4
Cash Flows
Net Cash from Operations	-4	2	1	-3	-5	-1	-4
Free Cash from Operations	-4	2	1	-5	-7	-1	-4
Returns to Shareholders
Dividends	0	-0	-0	-0	-0	-0	-0
Share Repurchases	-0	-0	-0	-0	-0	-0	-0

$ Mil \| FY: 12/28	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3
Period End	6/28/2025	3/29/2025	12/28/2024	9/28/2024	6/29/2024	3/30/2024	12/30/2023	9/30/2023	7/1/2023	4/1/2023	12/31/2022	10/1/2022
Filing Date	8/12/2025	5/13/2025	3/28/2025	11/12/2024	8/19/2024	5/3/2024	4/8/2024	11/14/2023	8/15/2023	5/22/2023	4/17/2023	11/14/2022
Key Financials Quarterly
Total Revenue	6	6	5	5	2	0	0	0	0	0	0	0
Ebitda	-2	-1	-1	1	-2	-1	-1	-0	-1	-1	-1	-1
Operating Income	-2	-2	-2	-1	-2	-2	-2	-1	-1	-1	-1	-1
Net Income	-9	-3	-4	-1	1	-2	-18	-0	0	10	3	-2
EPS	-0.49	-0.18	-0.32	-0.06	0.07	-0.34	-4.66	-0.05	0.03	3.15	0.92	-0.63
Key Financials TTM
Total Revenue TTM	22	18	13	7	2	0	0	0	0	0	0	11
Ebitda TTM	-3	-4	-4	-4	-5	-4	-3	-3	-3	-3	-3	-0
Operating Income TTM	-7	-7	-7	-7	-7	-5	-5	-4	-4	-4	-3	-2
Net Income TTM	-17	-7	-6	-20	-20	-20	-8	13	11	20	11	-3
Growth Rates Quarterly
Total Revenue Growth	194.1%	-	-	-	-	-	-	-	-	-	-100.0%	-100.0%
EBITDA Growth	28.5%	21.1%	6.7%	332.9%	-249.2%	-58.8%	-21.9%	34.4%	-6.2%	-7.9%	-168.6%	-153.7%
Operating Income Growth	13.9%	-20.2%	11.2%	-59.8%	-129.6%	-64.3%	-52.0%	-25.0%	-61.1%	-61.4%	-408.1%	-764.1%
Net Income Growth	-1647.5%	-33.4%	78.3%	-284.1%	378.9%	-121.3%	-716.5%	89.2%	-98.6%	732.8%	125.2%	-104.6%
Margins Quarterly
EBITDA Margin	-27.3%	-16.7%	-25.1%	18.9%	-112.2%	-	-	-	-	-	-	-
Operating Income Margin	-32.8%	-39.4%	-29.9%	-24.7%	-112.2%	-	-	-	-	-	-	-
Net Income Margin	-142.9%	-51.9%	-71.3%	-16.6%	27.2%	-	-	-	-	-	-	-
Cash & Debt
Total Cash	10	11	7	9	6	0	0	0	0	0	0	1
Total Debt	23	14	13	11	11	3	1	0	0	0	0	12
Net Debt / (Cash)	13	3	6	3	5	3	1	-0	-0	-0	0	11
Cash Flows Quarterly
FCF from Operations	-5	-2	-2	4	0	-1	-0	-0	-0	2	-1	-4
Cash Flows TTM
FCF from Operations TTM	-4	1	2	3	-1	-2	1	1	-2	-3	-3	-4
Returns to Shareholders Quarterly
Dividends	0	0	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0
Return on Invested Capital (ROIC) Quarterly
ROIC	-7.2%	-10.2%	-7.7%	-4.0%	-12.2%	-11.8%	-15.0%	-5.9%	-9.2%	-7.1%	-9.4%	-4.3%
Return on Invested Capital (ROIC) TTM
ROIC TTM	-6.4%	-6.3%	-5.6%	-8.1%	-7.3%	-9.0%	-9.6%	-8.8%	-8.6%	-7.8%	-6.2%	-3.8%

Segment Financials

Revenue by Segment

$ Mil	2024	2023	2021	2020
Biotechnology	0	0	0	0
Corporate and other	0
Fintech	0
Recycling			34	35
Technology			0	0
Total	0	0	34	35

Operating Income by Segment

$ Mil	2024	2023	2021	2020
Fintech	0
Biotechnology	-2	-3	-2	-1
Corporate and other	-18
Recycling			-3	-6
Technology			-4	-5
Total	-20	-3	-9	-12

Net Income by Segment

$ Mil	2024	2023
Discontinued operations	9	3
Biotechnology	-2	8
Corporate and other	-16
Total	-8	11

Assets by Segment

$ Mil	2024	2023	2022	2021	2020
Biotechnology	18	29	0	0	0
Corporate and other	1
Discontinued operations	0	18	0
Fintech	0
Recycling			15	11	12
Technology				14	18
Total	18	47	15	24	29

Price Behavior

Price Behavior

Market Price	$1.64
Market Cap ($ Bil)	0.0
First Trading Date	11/08/1991
Distance from 52W High	-84.0%
	50 Days	200 Days
DMA Price	$2.26	$5.33
DMA Trend	down	down
Distance from DMA	-27.6%	-69.2%
	3M	1YR
Volatility	111.2%	128.2%
Downside Capture	580.29	205.51
Upside Capture	-43.67	125.92
Correlation (SPY)	29.7%	20.6%

ALTS Betas & Captures as of 11/30/2025

	1M	2M	3M	6M	1Y	3Y
Beta	4.21	3.72	3.42	3.42	1.33	1.07
Up Beta	3.03	1.40	1.90	3.34	1.00	1.04
Down Beta	7.64	4.22	4.89	4.34	1.29	0.82
Up Capture	240%	258%	-107%	21%	209%	160%
Bmk +ve Days	12	25	38	73	141	426
Stock +ve Days	9	20	25	55	116	337
Down Capture	438%	413%	467%	354%	141%	107%
Bmk -ve Days	7	16	24	52	107	323
Stock -ve Days	10	21	35	67	127	399

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

1Y 5Y 10Y

Based On 1-Year Data

		Comparison of ALTS With Other Asset Classes (Last 1Y)
	ALTS	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	-27.4%	25.9%	15.3%	58.9%	4.6%	-5.8%	-3.1%
Annualized Volatility	128.4%	27.6%	19.7%	19.4%	15.9%	17.8%	35.7%
Sharpe Ratio	0.36	0.81	0.60	2.26	0.09	-0.48	0.04
Correlation With Other Assets		21.6%	20.7%	5.7%	7.4%	15.3%	25.0%

ETFs used for asset classes: Sector ETF = XLK, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
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Based On 5-Year Data

		Comparison of ALTS With Other Asset Classes (Last 5Y)
	ALTS	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	-18.3%	19.9%	15.0%	17.9%	11.9%	4.9%	37.1%
Annualized Volatility	124.7%	24.6%	17.1%	15.5%	18.9%	19.0%	49.1%
Sharpe Ratio	0.39	0.73	0.71	0.93	0.52	0.17	0.64
Correlation With Other Assets		16.5%	17.3%	3.1%	-0.3%	11.8%	11.5%

Based On 10-Year Data

		Comparison of ALTS With Other Asset Classes (Last 10Y)
	ALTS	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	-6.0%	22.2%	14.5%	14.2%	5.6%	5.4%	76.3%
Annualized Volatility	121.4%	24.2%	18.0%	14.8%	17.7%	20.9%	55.9%
Sharpe Ratio	0.46	0.84	0.69	0.79	0.25	0.23	0.95
Correlation With Other Assets		16.1%	16.3%	1.4%	3.8%	12.6%	5.7%

Short Interest

Short Interest: As Of Date	11142025
Short Interest: Shares Quantity	13,705,502
Short Interest: % Change Since 10312025	16.3%
Average Daily Volume	3,480,980
Days-to-Cover Short Interest	3.94
Basic Shares Quantity	18,550,568
Short % of Basic Shares	73.9%

Returns Analyses

	Title
0	Is ALT5 Sigma Stock Built to Withstand More Downside?

SEC Filings

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Report Date	Filing Date	Filing
6302025	8122025	10-Q 6/28/2025
3312025	5132025	10-Q 3/29/2025
12312024	3282025	10-K 12/28/2024
9302024	11122024	10-Q 9/28/2024
6302024	8192024	10-Q 6/29/2024
3312024	5032024	10-Q 3/30/2024
12312023	4082024	10-K 12/30/2023
9302023	11142023	10-Q 9/30/2023
6302023	8152023	10-Q 7/1/2023
3312023	5222023	10-Q 4/1/2023
12312022	4172023	10-K 12/31/2022
9302022	11142022	10-Q 10/1/2022
6302022	8152022	10-Q 7/2/2022
3312022	5122022	10-Q 4/2/2022
12312021	4012022	10-K 1/1/2022
9302021	11152021	10-Q 10/2/2021

External Quote Links

0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

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ALT5 Sigma (ALTS)

Market Price (12/4/2025): $1.62 | Market Cap: $30.1 MilSector: Information Technology | Industry: Application Software

ALT5 Sigma (ALTS)

Market Price (12/4/2025): $1.62Market Cap: $30.1 MilSector: Information TechnologyIndustry: Application Software

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ALTS Stock

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Market Price (12/4/2025): $1.62 | Market Cap: $30.1 Mil
Sector: Information Technology | Industry: Application Software

Market Price (12/4/2025): $1.62
Market Cap: $30.1 Mil
Sector: Information Technology
Industry: Application Software