Apex Treasury (APXT)
Market Price (2/3/2026): $9.97 | Market Cap: $413.8 MilSector: Financials | Industry: Multi-Sector Holdings
Apex Treasury (APXT)
Market Price (2/3/2026): $9.97Market Cap: $413.8 MilSector: FinancialsIndustry: Multi-Sector Holdings
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Low stock price volatilityVol 12M is 1.5% | Trading close to highsDist 52W High is -0.1%, Dist 3Y High is -0.1% | Key risksAPXT key risks include [1] its inability to complete an initial business combination, Show more. |
| Megatrend and thematic driversMegatrends include Fintech & Digital Payments, Digital & Alternative Assets, and Crypto & Blockchain. Themes include Wealth Management Technology, Show more. | Weak multi-year price returns2Y Excs Rtn is -41%, 3Y Excs Rtn is -71% |
| Low stock price volatilityVol 12M is 1.5% |
| Megatrend and thematic driversMegatrends include Fintech & Digital Payments, Digital & Alternative Assets, and Crypto & Blockchain. Themes include Wealth Management Technology, Show more. |
| Trading close to highsDist 52W High is -0.1%, Dist 3Y High is -0.1% |
| Weak multi-year price returns2Y Excs Rtn is -41%, 3Y Excs Rtn is -71% |
| Key risksAPXT key risks include [1] its inability to complete an initial business combination, Show more. |
Qualitative Assessment
AI Analysis | Feedback
1. Pre-Deal Special Purpose Acquisition Company (SPAC) Status. Apex Treasury (APXT) is a Special Purpose Acquisition Company (SPAC) that completed its initial public offering (IPO) but has not yet announced a definitive business combination. SPACs typically trade close to their initial offering price, usually around $10.00, during this pre-merger phase.
2. Absence of a Defined Business Combination. The primary objective of Apex Treasury is to merge with or acquire a private company, with an initial focus on the digital asset sector. Until a specific target company is identified and a merger agreement is announced, the stock generally lacks the catalysts that would drive significant price appreciation or depreciation.
Show more
Stock Movement Drivers
Fundamental Drivers
nullnull
Market Drivers
10/31/2025 to 2/2/2026| Return | Correlation | |
|---|---|---|
| APXT | ||
| Market (SPY) | 2.0% | -1.1% |
| Sector (XLF) | 3.2% | -0.6% |
Fundamental Drivers
nullnull
Market Drivers
7/31/2025 to 2/2/2026| Return | Correlation | |
|---|---|---|
| APXT | ||
| Market (SPY) | 10.3% | -1.1% |
| Sector (XLF) | 3.5% | -0.6% |
Fundamental Drivers
nullnull
Market Drivers
1/31/2025 to 2/2/2026| Return | Correlation | |
|---|---|---|
| APXT | ||
| Market (SPY) | 16.6% | -1.1% |
| Sector (XLF) | 6.1% | -0.6% |
Fundamental Drivers
nullnull
Market Drivers
1/31/2023 to 2/2/2026| Return | Correlation | |
|---|---|---|
| APXT | ||
| Market (SPY) | 77.5% | -1.1% |
| Sector (XLF) | 54.5% | -0.6% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| APXT Return | - | - | - | - | -0% | 1% | 1% |
| Peers Return | 0% | 0% | 0% | 0% | 3% | 1% | 4% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 1% | 85% |
Monthly Win Rates [3] | |||||||
| APXT Win Rate | - | - | - | - | 50% | 50% | |
| Peers Win Rate | 0% | 0% | 0% | 0% | 43% | 50% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| APXT Max Drawdown | - | - | - | - | -1% | 0% | |
| Peers Max Drawdown | 0% | 0% | 0% | 0% | -0% | -0% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -1% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: AIIA, ALIS, APAC, APXT, BCSS.
[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] 2026 data is for the year up to 2/2/2026 (YTD)
How Low Can It Go
APXT has limited trading history. Below is the Financials sector ETF (XLF) in its place.
| Event | XLF | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -26.9% | -25.4% |
| % Gain to Breakeven | 36.7% | 34.1% |
| Time to Breakeven | 525 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -43.3% | -33.9% |
| % Gain to Breakeven | 76.5% | 51.3% |
| Time to Breakeven | 295 days | 148 days |
| 2018 Correction | ||
| % Loss | -26.1% | -19.8% |
| % Gain to Breakeven | 35.2% | 24.7% |
| Time to Breakeven | 338 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -83.7% | -56.8% |
| % Gain to Breakeven | 515.2% | 131.3% |
| Time to Breakeven | 4,470 days | 1,480 days |
Compare to AIIA, ALIS, APAC, APXT, BCSS
In The Past
SPDR Select Sector Fund's stock fell -26.9% during the 2022 Inflation Shock from a high on 1/12/2022. A -26.9% loss requires a 36.7% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Apex Treasury (APXT)
AI Analysis | Feedback
null
AI Analysis | Feedback
I could not identify a currently trading or widely recognized public company named "Apex Treasury" with the stock symbol APXT. However, assuming "Apex Treasury" describes a hypothetical financial services company specializing in corporate treasury functions, its major services would likely include:- Treasury Management Software & Platforms: Provides integrated software solutions for corporate clients to efficiently manage cash, liquidity, debt, investments, and financial risk.
- Liquidity & Cash Flow Optimization: Offers advisory and technological services aimed at maximizing available cash, optimizing working capital, and accurately forecasting future cash needs.
- Financial Risk Management Solutions: Delivers tools and consulting for identifying, quantifying, and mitigating various financial risks, such as foreign exchange, interest rate, and commodity price risks.
- Investment & Portfolio Management: Manages short-term and long-term investment portfolios for corporate treasuries, focusing on safety, liquidity, and yield optimization within client parameters.
- Debt & Capital Markets Advisory: Counsels clients on optimal capital structure, strategies for debt issuance and refinancing, and the management of credit facilities.
AI Analysis | Feedback
I cannot identify the major customers for "Apex Treasury" (symbol: APXT) because this does not appear to be a real public company.
My databases and real-time information sources do not contain any records for a public company named "Apex Treasury" with the symbol "APXT".
Therefore, I am unable to provide information about its major customers or customer categories.
If this is a hypothetical company or if there was a typo in the name or symbol, please provide the correct details, and I would be happy to assist further.
AI Analysis | Feedback
nullAI Analysis | Feedback
Ajmal Rahman, Co-Chief Executive Officer and Chairman
Mr. Ajmal Rahman has served as the Chairman of the board of directors and Co-Chief Executive Officer of Apex Treasury Corporation since its inception in June 2025. He brings over 30 years of experience in global financial markets, corporate leadership, and board-level advisory. Mr. Rahman began his career at Merrill Lynch in 1986, holding senior investment banking roles across London, New York, and Hong Kong until 2003, where he led the structuring and execution of approximately $20 billion in equity and equity-linked transactions. Following his tenure at Merrill Lynch, he held various executive and board positions, including serving as Chairman of WElink Energy Investments (U.K.) Limited, a global renewable energy and infrastructure company, from 2016 to 2020. Between 2015 and 2020, he was Chief Executive Officer and Director of Antev Ltd, a UK-based biotechnology firm. From 2020 to 2021, he was Chairman of Celex Oncology Innovations Ltd. Mr. Rahman continues to advise leadership teams in healthcare, technology, and sustainable infrastructure sectors.
Hugh Cochrane, Co-Chief Executive Officer and Director
Mr. Hugh Cochrane Jr. has served as Co-Chief Executive Officer of Apex Treasury Corporation since its inception. He is an executive and investment professional with over 30 years of experience in finance, technology, and blockchain innovation, bringing institutional investment expertise and technology-driven entrepreneurship to his role.
Paul Sykes, Chief Financial Officer
Mr. Paul Sykes is the Chief Financial Officer of Apex Treasury Corporation. He previously served as Chief Financial Officer of DMG Information, the US-based private equity unit of London's Daily Mail and General Trust plc, where he also served on the board of each company in DMG's portfolio, assisting with growth strategies and operational efficiencies. Prior to that, he was the Chief Financial & Operating Officer at Nordis Technologies, Inc. from 2018 to 2020 and Chief Financial Officer at SpringBig Holdings, Inc. from 2022 to 2025. Mr. Sykes held various positions at EMAP plc, a UK-based diversified media group, including group treasurer, and began his career as an auditor at KPMG.
James McNaught-Davis, Head of Mergers & Acquisitions
Mr. James McNaught-Davis is the Head of Mergers & Acquisitions at Apex Treasury Corporation. He is also the Managing Partner and Founder of Sustainability Partners, a deal advisory and management consulting firm. Since 2024, he has served as Chairman of the Board of HyOrc Corporation Inc. From 2022 to 2024, he was a Partner of Deep Energy Capital LLP, a specialist geothermal energy investment firm. He also served as a Partner at Sustainability Investors, a sustainability-focused private equity investment and advisory firm, from 2017 to 2022.
AI Analysis | Feedback
Apex Treasury Corporation (APXT) is a blank check company, also known as a Special Purpose Acquisition Company (SPAC), formed with the sole purpose of engaging in a merger, amalgamation, share exchange, asset acquisition, or similar business combination with one or more businesses. APXT was incorporated in 2025 and intends to focus its search for prospects within the digital asset sector. The key risks to Apex Treasury's business include:- Inability to complete an initial business combination: The most significant risk for APXT is its ability to successfully identify and complete a merger or acquisition within the timeframe stipulated in its organizational documents. If APXT fails to consummate a business combination, it would likely be forced to liquidate, and investors might only receive a pro-rata portion of their initial investment, potentially without interest.
- Risks associated with the digital asset sector: APXT intends to pursue business combination opportunities primarily within the digital asset sector. This sector is characterized by high volatility, evolving regulatory landscapes, technological complexities, and inherent market risks. A business combination with a company in this sector would expose APXT to these specific and potentially significant industry-related challenges.
- Dependence on management's ability to identify and consummate a suitable business combination: The success of APXT is highly dependent on the expertise and ability of its management team to identify, evaluate, and negotiate with suitable target businesses for an initial business combination. A failure to find an appropriate target or to negotiate favorable terms could adversely affect APXT's operations and financial prospects.
AI Analysis | Feedback
null
AI Analysis | Feedback
Apex Treasury Corporation (APXT) is a Special Purpose Acquisition Company (SPAC) that was incorporated in 2025 and does not yet have established main products or services. Its business objective is to merge with, acquire, or combine with one or more operating businesses.
APXT intends to target companies in various sectors, including blockchain & digital assets, crypto treasury strategies, artificial intelligence (AI), B2B software, data services, renewable energy, and build-to-rent real estate assets.
For the build-to-rent real estate assets sector, the addressable market for the U.S. real estate rental and leasing market was $1.4 trillion in 2024.
AI Analysis | Feedback
Here are 3-5 expected drivers of future revenue growth for Apex Treasury (APXT) over the next 2-3 years:- The successful identification and completion of a business combination with a high-growth target company. Apex Treasury Corporation operates as a blank check company, and its future revenue generation is entirely dependent on acquiring an operating business.
- Expansion into new markets and customer segments by the acquired entity. This growth would stem from the acquired company's ability to broaden its reach and capture a larger customer base in the sectors Apex Treasury targets, such as blockchain & digital assets, AI, and B2B software.
- The development and launch of innovative products or services by the acquired business. Given Apex Treasury's focus on technology and financial services sectors, new offerings in areas like crypto treasury strategies, data services, or renewable energy solutions would drive revenue growth.
- Leveraging technological advancements and operational efficiencies within the combined entity to enhance service delivery and market penetration. Post-acquisition, strategic investments in technology and optimized operations within the acquired business would contribute to revenue expansion.
- Growth in demand for specialized offerings related to Apex Treasury's stated target sectors, including blockchain & digital assets, crypto treasury strategies, AI, B2B software, data services, renewable energy, and build-to-rent real estate assets. The inherent growth trajectory of these industries will contribute to the combined entity's revenue.
AI Analysis | Feedback
Here is a summary of Apex Treasury's (symbol: APXT) capital allocation decisions over the last 3-5 years:Share Issuance
- In October 2025, Apex Treasury Corporation priced its initial public offering (IPO) at $10.00 per unit, raising $300 million in gross proceeds.
- The IPO involved offering 30 million units, with each unit comprising one Class A ordinary share and one-half of one redeemable warrant.
Outbound Investments
- Apex Treasury Corporation, as a special purpose acquisition company (SPAC) incorporated in 2025, was formed to execute a business combination with one or more businesses.
- The company plans to initially focus on opportunities within the digital asset sector for its future business combination.
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 10.00 |
| Mkt Cap | 0.1 |
| Rev LTM | 0 |
| Op Inc LTM | -0 |
| FCF LTM | -0 |
| FCF 3Y Avg | - |
| CFO LTM | -0 |
| CFO 3Y Avg | - |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | - |
| Rev Chg 3Y Avg | - |
| Rev Chg Q | - |
| QoQ Delta Rev Chg LTM | - |
| Op Mgn LTM | - |
| Op Mgn 3Y Avg | - |
| QoQ Delta Op Mgn LTM | - |
| CFO/Rev LTM | - |
| CFO/Rev 3Y Avg | - |
| FCF/Rev LTM | - |
| FCF/Rev 3Y Avg | - |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 0.1 |
| P/S | - |
| P/EBIT | -596.0 |
| P/E | -596.2 |
| P/CFO | -682.0 |
| Total Yield | -0.2% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | - |
| D/E | 0.0 |
| Net D/E | -0.0 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 0.8% |
| 3M Rtn | 0.7% |
| 6M Rtn | 0.7% |
| 12M Rtn | 0.7% |
| 3Y Rtn | 0.7% |
| 1M Excs Rtn | -1.1% |
| 3M Excs Rtn | -1.5% |
| 6M Excs Rtn | -11.1% |
| 12M Excs Rtn | -14.2% |
| 3Y Excs Rtn | -71.1% |
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| SUMMARY STATS | |||
| # Positive | 0 | 0 | 0 |
| # Negative | 0 | 0 | 0 |
| Median Positive | |||
| Median Negative | |||
| Max Positive | |||
| Max Negative | |||
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
Prefer one of these to Trefis? Tell us why.