Tearsheet

ALT5 Sigma (ALTS)


Market Price (12/28/2025): $1.18 | Market Cap: $21.9 Mil
Sector: Information Technology | Industry: Application Software

ALT5 Sigma (ALTS)


Market Price (12/28/2025): $1.18
Market Cap: $21.9 Mil
Sector: Information Technology
Industry: Application Software

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.


0 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 926%
Weak multi-year price returns
3Y Excs Rtn is -115%
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 Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -84%
  Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 60%
2 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%
3   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 -80%
4   High stock price volatility
Vol 12M is 125%
5   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 84%
6   Key risks
ALTS key risks include [1] severe regulatory non-compliance, Show more.
0 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 926%
1 Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -84%
2 Megatrend and thematic drivers
Megatrends include Crypto & Blockchain, and Digital & Alternative Assets. Themes include Cryptocurrency Exchanges, and Digital Asset Custody.
3 Weak multi-year price returns
3Y Excs Rtn is -115%
4 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%
5 Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 60%
6 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%
7 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 -80%
8 High stock price volatility
Vol 12M is 125%
9 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 84%
10 Key risks
ALTS key risks include [1] severe regulatory non-compliance, Show more.

Valuation, Metrics & Events

ALTS Stock


Why The Stock Moved


Qualitative Assessment

AI Analysis | Feedback

I am sorry, but I cannot fulfill this request. The requested time period (August 31, 2025, to December 28, 2025) is in the future, and I do not have access to real-time or future market data, news, or events that would explain stock movements for ALT5 Sigma (ALTS) during that period.

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Stock Movement Drivers

Fundamental Drivers

The -61.9% change in ALTS stock from 9/27/2025 to 12/27/2025 was primarily driven by a -61.9% change in the company's P/S Multiple.
927202512272025Change
Stock Price ($)3.101.18-61.94%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)22.2522.250.00%
P/S Multiple2.580.98-61.94%
Shares Outstanding (Mil)18.5518.550.00%
Cumulative Contribution-61.94%

LTM = Last Twelve Months as of date shown

Market Drivers

9/27/2025 to 12/27/2025
ReturnCorrelation
ALTS-61.9% 
Market (SPY)4.3%43.4%
Sector (XLK)5.1%39.2%

Fundamental Drivers

The -85.5% change in ALTS stock from 6/28/2025 to 12/27/2025 was primarily driven by a -86.0% change in the company's P/S Multiple.
628202512272025Change
Stock Price ($)8.131.18-85.49%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)18.0522.2523.32%
P/S Multiple7.010.98-85.96%
Shares Outstanding (Mil)15.5518.55-19.29%
Cumulative Contribution-86.03%

LTM = Last Twelve Months as of date shown

Market Drivers

6/28/2025 to 12/27/2025
ReturnCorrelation
ALTS-85.5% 
Market (SPY)12.6%32.5%
Sector (XLK)17.0%30.5%

Fundamental Drivers

The -73.5% change in ALTS stock from 12/27/2024 to 12/27/2025 was primarily driven by a -87.7% change in the company's P/S Multiple.
1227202412272025Change
Stock Price ($)4.451.18-73.48%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)7.1122.25213.01%
P/S Multiple8.010.98-87.73%
Shares Outstanding (Mil)12.8118.55-44.86%
Cumulative Contribution-78.82%

LTM = Last Twelve Months as of date shown

Market Drivers

12/27/2024 to 12/27/2025
ReturnCorrelation
ALTS-73.5% 
Market (SPY)17.0%20.7%
Sector (XLK)24.0%21.3%

Fundamental Drivers

The -20.3% change in ALTS stock from 12/28/2022 to 12/27/2025 was primarily driven by a -488.9% change in the company's Shares Outstanding (Mil).
1228202212272025Change
Stock Price ($)1.481.18-20.27%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)10.6322.25109.34%
P/S Multiple0.440.98124.28%
Shares Outstanding (Mil)3.1518.55-488.86%
Cumulative Contribution-1925.71%

LTM = Last Twelve Months as of date shown

Market Drivers

12/28/2023 to 12/27/2025
ReturnCorrelation
ALTS111.2% 
Market (SPY)48.0%16.6%
Sector (XLK)53.5%15.4%

Return vs. Risk


Price Returns Compared

 202020212022202320242025Total [1]
Returns
ALTS Return65%-16%-67%-59%738%-75%-60%
Peers Return16%38%-12%21%26%16%150%
S&P 500 Return16%27%-19%24%23%18%114%

Monthly Win Rates [3]
ALTS Win Rate75%25%42%42%50%33% 
Peers Win Rate52%65%42%68%57%52% 
S&P 500 Win Rate58%75%42%67%75%73% 

Max Drawdowns [4]
ALTS Max Drawdown-31%-21%-67%-78%-10%-75% 
Peers Max Drawdown-34%-5%-26%-7%-9%-23% 
S&P 500 Max Drawdown-31%-1%-25%-1%-2%-15% 


[1] Cumulative total returns since the beginning of 2020
[2] Peers: HPQ, HPE, IBM, CSCO, AAPL.
[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 12/26/2025 (YTD)

How Low Can It Go

Unique KeyEventALTSS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-97.7%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven4230.0%34.1%
2022 Inflation ShockTime to BreakevenTime to BreakevenNot Fully Recovered days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-55.1%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven122.6%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven92 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-75.0%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven300.6%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven609 days120 days
2008 Global Financial Crisis2008 Global Financial Crisis  
2008 Global Financial Crisis% Loss% Loss-90.4%-56.8%
2008 Global Financial Crisis% Gain to Breakeven% Gain to Breakeven937.7%131.3%
2008 Global Financial CrisisTime to BreakevenTime to BreakevenNot Fully Recovered days1,480 days

Compare to HPQ, HPE, IBM, CSCO, AAPL

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.

AI Analysis | Feedback

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.

AI Analysis | Feedback

  • 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 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.

AI Analysis | Feedback

The key risks to ALT5 Sigma (ALTS) are primarily centered around significant regulatory non-compliance, substantial financial challenges, and ongoing leadership instability.

  1. Regulatory Non-Compliance and Governance Failures: ALT5 Sigma is currently facing severe scrutiny due to multiple regulatory issues. The company received a Nasdaq non-compliance notice for its failure to file its third-quarter report (Form 10-Q) with the Securities and Exchange Commission (SEC). Furthermore, the SEC is investigating ALT5 Sigma for potential violations of disclosure rules, specifically concerning executive changes and the replacement of its accounting firm. There have been reported discrepancies in the timelines for disclosing the CEO's suspension and the auditor's resignation, which are considered significant matters requiring full transparency. Adding to these concerns, a subsidiary, ALT5 Sigma Canada Inc., was found criminally liable for offenses including illicit enrichment and money laundering in Rwanda. These issues have led to a "complete governance collapse" according to some reports, with a shareholder rights law firm initiating an investigation into whether the company misled investors about the stability of its financial reporting and internal controls.
  2. Significant Financial Challenges and Profitability Concerns: ALT5 Sigma has experienced a substantial decline in its stock value, plummeting by nearly 80%. The company's financial health has been rated as "WEAK," with consistent negative net margins, EBIT margins, and pre-tax profit margins. It has struggled to generate positive free cash flow, reporting a negative $3.55 million, indicating difficulties in its financial operations. The revenue for its last reported quarter amounted to a modest $12.53 million, falling short of market analyst expectations. The company also faces profitability hurdles and concerns regarding its debt management strategies, with high debt-to-equity ratios.
  3. Leadership Instability and Management Turnover: ALT5 Sigma has undergone significant management changes and instability. The CEO, Peter Tassiopoulos, was suspended and subsequently terminated, followed by the termination of the CFO, Jonathan Hugh. Additionally, the company's independent accounting provider resigned, and the Audit Committee Chair also stepped down. This lack of consistent leadership and clear communication surrounding these departures has fueled rumors of internal conflict, regulatory problems, and strategic disagreements, further eroding investor trust.

AI Analysis | Feedback

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.

AI Analysis | Feedback

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:

  1. 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.
  2. 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.
  3. 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.
  4. 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.

Latest Trefis Analyses

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Trade Ideas

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

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
ENPH_11302025_Dip_Buyer_High_CFO_Margins_ExInd_DE11302025ENPHEnphase EnergyDip BuyDB | 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
14.4%14.4%-0.9%
PD_11262025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG11262025PDPagerDutyDip BuyDB | 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
13.1%13.1%0.0%
CRM_11212025_Dip_Buyer_FCFYield11212025CRMSalesforceDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
17.3%17.3%-0.1%
HUBS_11212025_Dip_Buyer_High_CFO_Margins_ExInd_DE11212025HUBSHubSpotDip BuyDB | 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
12.0%12.0%0.0%
FIVN_11212025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG11212025FIVNFive9Dip BuyDB | 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
5.5%5.5%0.0%

Recent Active Movers

More From Trefis

Peer Comparisons for ALT5 Sigma

Peers to compare with:

Financials

ALTSHPQHPEIBMCSCOAAPLMedian
NameALT5 Sig.HP Hewlett .Internat.Cisco Sy.Apple  
Mkt Price1.1823.2624.49305.0978.16273.4051.32
Mkt Cap0.021.932.6284.9309.24,074.4158.8
Rev LTM2255,29534,29665,40257,696408,62556,496
Op Inc LTM-73,6241,64411,54412,991130,2147,584
FCF LTM-42,80062711,85412,73396,1847,327
FCF 3Y Avg-32,9781,40011,75313,879100,5037,366
CFO LTM-43,6972,91913,48313,744108,5658,590
CFO 3Y Avg-33,6723,89613,49814,736111,5598,697

Growth & Margins

ALTSHPQHPEIBMCSCOAAPLMedian
NameALT5 Sig.HP Hewlett .Internat.Cisco Sy.Apple  
Rev Chg LTM926.0%3.2%13.8%4.5%8.9%6.0%7.4%
Rev Chg 3Y Avg--3.9%6.5%2.6%3.7%1.8%2.6%
Rev Chg Q194.1%4.2%14.4%9.1%7.5%9.6%9.4%
QoQ Delta Rev Chg LTM23.3%1.1%3.7%2.1%1.8%2.1%2.1%
Op Mgn LTM-31.9%6.6%4.8%17.7%22.5%31.9%12.1%
Op Mgn 3Y Avg-7.4%7.2%16.4%24.2%30.8%16.4%
QoQ Delta Op Mgn LTM9.3%-0.2%-1.4%0.6%0.4%0.1%0.2%
CFO/Rev LTM-20.2%6.7%8.5%20.6%23.8%26.6%14.6%
CFO/Rev 3Y Avg-6.8%12.7%21.4%26.1%28.4%21.4%
FCF/Rev LTM-20.2%5.1%1.8%18.1%22.1%23.5%11.6%
FCF/Rev 3Y Avg-5.5%4.6%18.6%24.6%25.6%18.6%

Valuation

ALTSHPQHPEIBMCSCOAAPLMedian
NameALT5 Sig.HP Hewlett .Internat.Cisco Sy.Apple  
Mkt Cap0.021.932.6284.9309.24,074.4158.8
P/S1.00.41.04.45.410.02.7
P/EBIT-2.86.819.925.122.531.321.2
P/E-1.38.6572.736.029.941.033.0
P/CFO-4.95.911.221.122.537.516.2
Total Yield-76.1%14.1%2.3%5.0%5.4%2.8%3.9%
Dividend Yield0.0%2.5%2.1%2.2%2.1%0.4%2.1%
FCF Yield 3Y Avg-68.5%10.6%5.5%6.4%6.0%3.1%5.7%
D/E1.00.50.70.20.10.00.4
Net D/E0.60.30.60.20.00.00.3

Returns

ALTSHPQHPEIBMCSCOAAPLMedian
NameALT5 Sig.HP Hewlett .Internat.Cisco Sy.Apple  
1M Rtn-37.2%-1.8%14.4%0.6%2.7%-1.5%-0.4%
3M Rtn-61.9%-11.9%2.7%7.9%17.0%7.1%4.9%
6M Rtn-85.5%-4.0%34.5%6.6%15.2%36.3%10.9%
12M Rtn-73.5%-27.0%16.2%40.5%34.5%7.5%11.8%
3Y Rtn-20.3%-1.9%71.1%143.1%81.3%120.2%76.2%
1M Excs Rtn-35.4%-5.6%12.9%-2.2%-0.0%-3.7%-3.0%
3M Excs Rtn-66.2%-16.2%-1.7%3.6%12.7%2.8%0.6%
6M Excs Rtn-97.7%-16.3%22.3%-5.7%3.0%24.0%-1.3%
12M Excs Rtn-88.7%-42.9%-0.7%25.0%19.9%-8.4%-4.6%
3Y Excs Rtn-114.7%-83.5%-11.2%59.6%-1.2%28.4%-6.2%

Financials

Segment Financials

Revenue by Segment
$ Mil20242023202220212020
Biotechnology00 00
Corporate and other0    
Fintech0    
Recycling   3435
Technology   00
Total00 3435


Operating Income by Segment
$ Mil20242023202220212020
Fintech0    
Biotechnology-2-3 -2-1
Corporate and other-18    
Recycling   -3-6
Technology   -4-5
Total-20-3 -9-12


Net Income by Segment
$ Mil20242023202220212020
Discontinued operations93   
Biotechnology-28   
Corporate and other-16    
Total-811   


Assets by Segment
$ Mil20242023202220212020
Biotechnology1829000
Corporate and other1    
Discontinued operations0180  
Fintech0    
Recycling  151112
Technology   1418
Total1847152429


Price Behavior

Price Behavior
Market Price$1.18 
Market Cap ($ Bil)0.0 
First Trading Date11/08/1991 
Distance from 52W High-88.5% 
   50 Days200 Days
DMA Price$1.80$4.97
DMA Trenddowndown
Distance from DMA-34.6%-76.2%
 3M1YR
Volatility105.4%126.5%
Downside Capture580.09244.42
Upside Capture5.9074.98
Correlation (SPY)41.7%20.5%
ALTS Betas & Captures as of 11/30/2025

 1M2M3M6M1Y3Y
Beta4.213.723.423.421.331.07
Up Beta3.031.401.903.341.001.04
Down Beta7.644.224.894.341.290.82
Up Capture240%258%-107%21%209%160%
Bmk +ve Days12253873141426
Stock +ve Days9202555116337
Down Capture438%413%467%354%141%107%
Bmk -ve Days7162452107323
Stock -ve Days10213567127399

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
 Comparison of ALTS With Other Asset Classes (Last 1Y)
 ALTSSector ETFEquityGoldCommoditiesReal EstateBitcoin
Annualized Return-69.3%25.0%17.8%72.1%8.6%4.4%-8.2%
Annualized Volatility126.2%27.5%19.4%19.3%15.2%17.0%35.0%
Sharpe Ratio-0.340.790.722.700.340.09-0.08
Correlation With Other Assets 21.3%20.7%5.2%10.5%14.3%26.4%

ETFs used for asset classes: Sector ETF = XLK, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
 Comparison of ALTS With Other Asset Classes (Last 5Y)
 ALTSSector ETFEquityGoldCommoditiesReal EstateBitcoin
Annualized Return-22.2%18.8%14.7%18.7%11.5%4.6%30.8%
Annualized Volatility124.9%24.7%17.1%15.5%18.7%18.9%48.6%
Sharpe Ratio0.350.690.700.970.500.160.57
Correlation With Other Assets 16.6%17.3%2.7%0.3%11.4%12.2%

ETFs used for asset classes: Sector ETF = XLK, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
 Comparison of ALTS With Other Asset Classes (Last 10Y)
 ALTSSector ETFEquityGoldCommoditiesReal EstateBitcoin
Annualized Return-14.4%22.5%14.8%15.3%7.0%5.3%69.2%
Annualized Volatility120.9%24.2%18.0%14.7%17.6%20.8%55.8%
Sharpe Ratio0.380.850.710.860.320.220.90
Correlation With Other Assets 16.4%16.6%1.3%4.0%12.8%6.0%

ETFs used for asset classes: Sector ETF = XLK, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date12152025
Short Interest: Shares Quantity15,509,557
Short Interest: % Change Since 113020259.2%
Average Daily Volume3,350,763
Days-to-Cover Short Interest4.63
Basic Shares Quantity18,550,568
Short % of Basic Shares83.6%

Earnings Returns History

Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/11/2025-26.4%-33.8%-55.3%
3/31/202514.7%9.8%43.3%
11/13/20245.6%-1.3%53.4%
SUMMARY STATS   
# Positive212
# Negative121
Median Positive10.1%9.8%48.4%
Median Negative-26.4%-17.5%-55.3%
Max Positive14.7%9.8%53.4%
Max Negative-26.4%-33.8%-55.3%

SEC Filings

Expand for More
Report DateFiling DateFiling
6302025812202510-Q 6/28/2025
3312025513202510-Q 3/29/2025
12312024328202510-K 12/28/2024
93020241112202410-Q 9/28/2024
6302024819202410-Q 6/29/2024
3312024503202410-Q 3/30/2024
12312023408202410-K 12/30/2023
93020231114202310-Q 9/30/2023
6302023815202310-Q 7/1/2023
3312023522202310-Q 4/1/2023
12312022417202310-K 12/31/2022
93020221114202210-Q 10/1/2022
6302022815202210-Q 7/2/2022
3312022512202210-Q 4/2/2022
12312021401202210-K 1/1/2022
93020211115202110-Q 10/2/2021