Avalanche Treasury (AVAT)


Market Price (11/6/2026): $0.8005 | Market Cap: $30.4 MilSector: Financials | Industry: Asset Management & Custody Banks

Avalanche Treasury (AVAT)


Market Price (11/6/2026): $0.8005
Market Cap: $30.4 Mil
Sector: Financials
Industry: Asset Management & Custody Banks

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

0

Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -21%

Megatrend and thematic drivers
Megatrends include Digital & Alternative Assets, and Crypto & Blockchain. Themes include Digital Asset Custody, and Blockchain Enterprise Solutions.

Weak multi-year price returns
2Y Excs Rtn is -92%, 3Y Excs Rtn is -140%

Penny stock
Mkt Price is 0.8

High stock price volatility
Vol 12M is 232%

Key risks
AVAT key risks include [1] substantial doubt about its ability to continue as a going concern, Show more.

0 Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -21%
1 Megatrend and thematic drivers
Megatrends include Digital & Alternative Assets, and Crypto & Blockchain. Themes include Digital Asset Custody, and Blockchain Enterprise Solutions.
2 Weak multi-year price returns
2Y Excs Rtn is -92%, 3Y Excs Rtn is -140%
3 Penny stock
Mkt Price is 0.8
4 High stock price volatility
Vol 12M is 232%
5 Key risks
AVAT key risks include [1] substantial doubt about its ability to continue as a going concern, Show more.

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

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Updated on 11/5/2026

Avalanche Treasury (AVAT) stock has gained about 170% since 7/31/2026 because of the following key factors:

1. Significant Financial Turnaround in Fiscal Q3 2026.

Avalanche Treasury (AVAT) reported a preliminary, unaudited net income of approximately $54.6 million, or $1.53 per diluted share, for fiscal Q3 2026 (ended September 30, 2026). This marked a substantial improvement from the $44.7 million net loss incurred in fiscal Q2 2026. The primary driver for this profit rebound was approximately $60 million in gains attributable to market-driven changes in the value of the company's AVAX token holdings.

2. Strategic Share Repurchase Program to Enhance Shareholder Value.

In August 2026, AVAT announced that its Board of Directors approved a $10 million share repurchase program for Class A common stock. The company subsequently executed repurchases during fiscal Q3 2026, acquiring 2,889,440 Class A shares for approximately $3.3 million at an average price of $1.14 per share. This program, which accounted for roughly 8% of Class A shares outstanding as of August 24, 2026, was undertaken when the company's shares traded at a discount to its AVAX holdings' value, aiming to increase the AVAX attributable to each remaining share.

Show more
Updated on 11/5/2026

Avalanche Treasury (AVAT) stock has gained about 170% since 7/31/2026 because of the following key factors:

1. Significant Financial Turnaround in Fiscal Q3 2026.

Avalanche Treasury (AVAT) reported a preliminary, unaudited net income of approximately $54.6 million, or $1.53 per diluted share, for fiscal Q3 2026 (ended September 30, 2026). This marked a substantial improvement from the $44.7 million net loss incurred in fiscal Q2 2026. The primary driver for this profit rebound was approximately $60 million in gains attributable to market-driven changes in the value of the company's AVAX token holdings.

2. Strategic Share Repurchase Program to Enhance Shareholder Value.

In August 2026, AVAT announced that its Board of Directors approved a $10 million share repurchase program for Class A common stock. The company subsequently executed repurchases during fiscal Q3 2026, acquiring 2,889,440 Class A shares for approximately $3.3 million at an average price of $1.14 per share. This program, which accounted for roughly 8% of Class A shares outstanding as of August 24, 2026, was undertaken when the company's shares traded at a discount to its AVAX holdings' value, aiming to increase the AVAX attributable to each remaining share.

3. Optimized Treasury Management through Increased Staking and Debt Reduction.

During fiscal Q3 2026, AVAT significantly ramped up its AVAX staking activities. By September 2026, approximately 91% of its 13.31 million AVAX tokens, or about 12.1 million tokens, were staked and generating yield. This increase in productive deployment followed the resolution of regulatory and liquidity constraints. Concurrently, the company fully repaid its FalconX collateralized loan during the quarter, thereby removing a facility secured by its AVAX and improving its balance sheet.

4. Positive Momentum and Institutional Adoption within the Avalanche Ecosystem.

The broader Avalanche ecosystem, to which AVAT provides investor exposure, experienced significant positive developments during fiscal Q3 2026. Reports highlighted growing institutional and government interest, including evaluations by NYSE/ICE and integration with UAE PASS, along with mentions of Goldman Sachs' involvement. This increased institutional confidence and adoption of the underlying Avalanche blockchain technology likely contributed to positive sentiment for AVAT stock.

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Stock Movement Drivers

Fundamental Drivers

The 167.6% change in AVAT stock from 7/31/2026 to 11/5/2026 was primarily driven by a 0.0% change in the company's P/E Multiple.
(LTM values as of)731202611052026Change
Stock Price ($)0.300.80167.6%
Change Contribution By: 
Total Revenues ($ Mil)��0.0%
Net Income Margin (%)��0.0%
P/E Multiple��0.0%
Shares Outstanding (Mil)382930.5%
Cumulative Contribution0.0%

LTM = Last Twelve Months as of date shown

Market Drivers

7/31/2026 to 11/5/2026
ReturnCorrelation
AVAT167.6% 
Market (SPY)-1.9%19.2%
Sector (XLF)1.0%-17.8%

Fundamental Drivers

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Market Drivers

4/30/2026 to 11/5/2026
ReturnCorrelation
AVAT  
Market (SPY)2.3%11.5%
Sector (XLF)10.7%-13.6%

Fundamental Drivers

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Market Drivers

10/31/2025 to 11/5/2026
ReturnCorrelation
AVAT  
Market (SPY)8.4%11.5%
Sector (XLF)11.1%-13.6%

Fundamental Drivers

null
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Market Drivers

10/31/2023 to 11/5/2026
ReturnCorrelation
AVAT  
Market (SPY)81.3%11.5%
Sector (XLF)85.5%-13.6%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
AVAT Return------57%-57%
Peers Return66%-84%420%85%-16%-23%69%
S&P 500 Return27%-19%24%23%16%12%105%

Monthly Win Rates [3]
AVAT Win Rate-----33% 
Peers Win Rate48%31%71%46%53%42% 
S&P 500 Win Rate75%42%67%75%67%45% 

Max Drawdowns [4]
AVAT Max Drawdown------ 
Peers Max Drawdown-67%-85%-49%-54%-58%-57% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: MSTR, COIN, MARA, RIOT, GLXY.
[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 11/5/2026 (YTD)

How Low Can It Go

AVAT has limited trading history. Below is the Financials sector ETF (XLF) in its place.

EventXLFS&P 500
2025 US Tariff Shock
  % Loss-15.5%-18.8%
  % Gain to Breakeven18.4%23.1%
  Time to Breakeven80 days79 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-10.7%-9.5%
  % Gain to Breakeven12.0%10.5%
  Time to Breakeven26 days24 days
2023 SVB Regional Banking Crisis
  % Loss-16.1%-6.7%
  % Gain to Breakeven19.1%7.1%
  Time to Breakeven270 days31 days
2022 Inflation Shock & Fed Tightening
  % Loss-22.3%-24.5%
  % Gain to Breakeven28.6%32.4%
  Time to Breakeven467 days427 days
2020 COVID-19 Crash
  % Loss-42.8%-33.7%
  % Gain to Breakeven74.8%50.9%
  Time to Breakeven289 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-19.7%-19.2%
  % Gain to Breakeven24.5%23.8%
  Time to Breakeven123 days105 days

Compare to MSTR, COIN, MARA, RIOT, GLXY

In The Past

State Street Financial Select Sector SPDR ETF's stock fell -15.5% during the 2025 US Tariff Shock. Such a loss loss requires a 18.4% 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.

AVAT has limited trading history. Below is the Financials sector ETF (XLF) in its place.

EventXLFS&P 500
2022 Inflation Shock & Fed Tightening
  % Loss-22.3%-24.5%
  % Gain to Breakeven28.6%32.4%
  Time to Breakeven467 days427 days
2020 COVID-19 Crash
  % Loss-42.8%-33.7%
  % Gain to Breakeven74.8%50.9%
  Time to Breakeven289 days140 days
2015-2016 China Devaluation / Global Growth Scare
  % Loss-21.4%-12.2%
  % Gain to Breakeven27.3%13.9%
  Time to Breakeven272 days62 days
2011 US Debt Ceiling Crisis & European Contagion
  % Loss-26.1%-17.9%
  % Gain to Breakeven35.3%21.8%
  Time to Breakeven162 days123 days
2008-2009 Global Financial Crisis
  % Loss-78.3%-53.4%
  % Gain to Breakeven359.8%114.4%
  Time to Breakeven2329 days1085 days

Compare to MSTR, COIN, MARA, RIOT, GLXY

In The Past

State Street Financial Select Sector SPDR ETF's stock fell -15.5% during the 2025 US Tariff Shock. Such a loss loss requires a 18.4% 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 Avalanche Treasury (AVAT)

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Avalanche Treasury Corporation (AVAT) functions as a digital asset treasury company, providing investors with a unique pathway to gain exposure to the burgeoning Avalanche ecosystem. Its primary objective is to allow investors to capitalize on the growth of businesses integrating with blockchain technology, specifically within Avalanche, without the complexities or risks associated with directly holding digital assets. This model offers a streamlined and indirect investment opportunity into the evolving landscape of decentralized applications and digital finance.

The core service offered by AVAT involves providing access to the Avalanche blockchain technology platform itself. This platform is recognized for its significant attributes, including superior flexibility, robust interoperability, and impressive transaction speed. As a treasury, Avalanche Treasury manages the underlying digital assets and infrastructure, enabling its clients and investors to benefit from the platform's technological advantages and the innovation flourishing within the Avalanche network, all while simplifying the investment process.

Avalanche Treasury targets a diverse and expansive customer base, including large-scale enterprises, established financial institutions, innovative consumer applications, and governmental entities. By positioning itself as a subsidiary of the Avalanche Foundation, AVAT is strategically aligned to support and expand the adoption of Avalanche blockchain technology. The company addresses the growing market demand from organizations seeking to integrate with or leverage blockchain solutions as more business operations transition "on-chain."

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AI Analysis | Feedback

Here are 1-3 brief analogies for Avalanche Treasury (AVAT):

  • Like an ETF (exchange-traded fund) for the Avalanche blockchain ecosystem.
  • Like Grayscale Investments, but focused exclusively on the Avalanche blockchain ecosystem.
  • Like a commodity ETF (e.g., a gold ETF), but for the Avalanche blockchain.

AI Analysis | Feedback

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  • Managed Exposure to Avalanche Ecosystem: This service allows investors to gain financial exposure to the Avalanche blockchain platform and its associated businesses without directly holding digital assets.
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Major Customers of Avalanche Treasury (AVAT)

Avalanche Treasury (AVAT) primarily serves other companies and organizations. Based on the provided description, the company caters to the following major customer categories:

  • Enterprises
  • Financial institutions
  • Consumer applications (companies developing or managing consumer-facing applications)
  • Governments

The provided background information does not specify the names of individual customer companies within these categories.

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  • Avalanche Foundation

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Bart Smith, Chief Executive Officer

Bart Smith oversees Avalanche Treasury Co.'s global strategy, investment portfolio, and capital deployment, guiding its mission to bridge traditional finance and blockchain through institutional-grade treasury management and regulated market participation. Before joining Avalanche Treasury Co., Smith served as Chief Executive Officer of Susquehanna Crypto, one of the world's largest crypto market makers, DeFi liquidity providers, and early-stage digital asset investors, where he expanded global trading operations and scaled infrastructure. He was also Global Head of Digital Asset Strategy at Susquehanna International Group (SIG), directing digital-asset initiatives including proprietary trading, venture investments, market making, and institutional relationship development. Earlier in his career, he led SIG's FICC, ETF, and Portfolio Trading Groups and helped Emerging Global Advisors launch its EGShares family of emerging-market ETFs. Smith began his career in institutional sales and consulting with AllianceBernstein and UBS. Avalanche Treasury Co. has attracted significant participation from leading institutional investors and crypto-native firms, including Dragonfly, ParaFi Capital, Pantera Capital, and VanEck.

Sean Ostrower, Chief Financial Officer

Sean Ostrower supervises Avalanche Treasury Co.'s financial planning, reporting, governance, and finance operations.

Laine Litman, Chief Operating Officer

Laine Litman manages Avalanche Treasury Co.'s operational infrastructure, governance framework, audits, institutional controls, and human resources. She is a senior operating and product executive with over 15 years of experience in building, scaling, and leading multi-asset trading, clearing, and financial services businesses. Litman previously served as President of HiddenRoad and was the Head of FI & FX, Co-Head of Crypto at Virtu Financial.

Budd White, Chief Strategy Officer

Budd White was formerly the Chief Product Officer at Multisig Labs.

Kate Ruberti, Head of Global Brand, Communications, and Institutional Marketing Strategy

Kate Ruberti defines and leads Avalanche Treasury Co.'s global brand, communications, and institutional marketing strategy.

AI Analysis | Feedback

The key risks for Avalanche Treasury Corporation (symbol: AVAT) are primarily centered around its financial viability, the extreme volatility of its core digital asset holdings, and its ability to secure necessary funding.

  1. Going Concern Uncertainty: Avalanche Treasury Corporation has issued warnings to regulators, indicating "substantial doubt" about its ability to continue as a going concern. This is due to recurring losses, limited liquidity, and a significant working capital deficit. The company's continuation is largely dependent on securing new equity or successfully completing a planned SPAC business combination.

  2. Digital Asset Market Volatility and Concentration Risk: The company's financial health is highly susceptible to the volatile price movements of Avalanche (AVAX) and staked AVAX (stAVAX), as its balance sheet is heavily concentrated in these digital assets. For instance, in Q1 2026, the company reported a net loss of $26.78 million, primarily driven by a $46.19 million fair value decline in AVAX and a $5.06 million impairment on stAVAX. The company's stock price is also highly correlated with the price of AVAX.

  3. Capital Raising and Funding Risk: Avalanche Treasury Corporation faces significant challenges in raising additional capital, which is crucial for its ongoing operations. Its ability to alleviate the "going concern" doubt hinges on securing committed funding, such as through its proposed merger with Mountain Lake Acquisition Corp. Furthermore, the company has pledged a substantial portion of its AVAX holdings as collateral for a loan, which limits its financial flexibility and buffer against further price declines in AVAX.

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  • **Competition from alternative investment products:** Avalanche Treasury's primary value proposition is offering investors exposure to the Avalanche ecosystem without requiring them to directly hold digital assets. An emerging threat is the potential launch of alternative, more direct, or more efficient investment vehicles, such as regulated spot Avalanche exchange-traded funds (ETFs) or similar products from traditional finance institutions. These could offer a comparable "indirect holding" mechanism for investors, potentially at lower fees or with greater liquidity, thereby eroding Avalanche Treasury's unique selling proposition.
  • **Underperformance or decline of the Avalanche blockchain ecosystem:** Avalanche Treasury's business model is inherently tied to the growth, adoption, and continued success of the Avalanche blockchain platform itself. A significant emerging threat would be if the Avalanche blockchain fails to maintain or grow its market share in attracting enterprises, financial institutions, and developers compared to rival Layer 1 or Layer 2 blockchain solutions. Any decline in Avalanche's relevance, security, or developer activity could directly diminish the value proposition that Avalanche Treasury offers to investors.

AI Analysis | Feedback

Avalanche Treasury Corporation (AVAT) operates within several significant addressable markets globally, driven by the increasing adoption of blockchain technology and digital assets across various sectors.

The primary addressable markets for Avalanche Treasury's services, which include providing exposure to the Avalanche ecosystem and access to its blockchain technology for enterprises, financial institutions, consumer applications, and governments, are:

  • Global Blockchain Technology Market: This overarching market, which includes the platforms and infrastructure Avalanche Treasury leverages, was valued at approximately USD 57.7 billion in 2025. It is projected to grow significantly to USD 108.3 billion in 2026 and is expected to reach USD 9,055.5 billion by 2033, demonstrating a Compound Annual Growth Rate (CAGR) of 88.2% from 2026 to 2033.

  • Global Enterprise Blockchain Market: Catering to its target clientele of enterprises, financial institutions, and governments, Avalanche Treasury operates within the enterprise blockchain market. This market was valued at USD 9.67 billion in 2023 and is projected to increase to USD 14.14 billion in 2024. It is anticipated to grow to USD 213.40 billion by 2031, exhibiting a CAGR of 47.36%.

  • Global Digital Asset Management Market: As a digital asset treasury company, Avalanche Treasury's services are also relevant to the digital asset management market. This market was valued at USD 8.9 billion in 2025 and is estimated to reach USD 32.8 billion by 2034, with a CAGR of 15.10% from 2026 to 2034.

AI Analysis | Feedback

Avalanche Treasury Corporation (AVAT), a digital asset treasury company established in 2025, is strategically positioned to capitalize on the expansion and adoption of the Avalanche ecosystem. The following are expected drivers of its future revenue growth over the next 2-3 years:

  1. Increased Institutional and Enterprise Adoption of the Avalanche Blockchain: Avalanche Treasury provides institutional investors with exposure to the Avalanche ecosystem as businesses transition to on-chain operations. As more enterprises, financial institutions, consumer applications, and governments select Avalanche for their blockchain needs, demand for AVAT's services, which facilitate this exposure, is expected to grow. The Avalanche network has been purpose-built with institutional requirements such as speed, compliance, and interoperability in mind, actively pursuing institutional integration with initiatives like tokenized loan obligations and strategic funding efforts by the Avalanche Foundation.

  2. Expansion and Maturation of the Broader Avalanche Ecosystem: Avalanche Treasury aims to accelerate the growth of the Avalanche ecosystem by deploying capital to enhance its value over time. This includes the proliferation of decentralized finance (DeFi) applications, growth in the gaming sector, and advancements in artificial intelligence (AI) integration within the network. Key initiatives, such as the infraBUIDL Program and partnerships (e.g., with Aethir), are designed to foster innovation and drive on-chain activity. Increased adoption of Avalanche's subnet architecture, which allows for customizable and application-specific blockchains, is also a significant driver, leading to higher overall network activity, which AVAT is positioned to benefit from through its investments and holdings.

  3. Successful Execution of Strategic Capital Deployment and Staking Operations: A core component of Avalanche Treasury's business model involves accumulating AVAX tokens and participating in staking operations to compound its holdings and generate revenue. The company plans to acquire over $1 billion in AVAX and strategically invest in protocols, corporate partnerships, and validator infrastructure within the ecosystem. With its revenue in the first quarter of 2026 primarily derived from staking rewards, the effective management and growth of its digital asset portfolio through staking and reinvestment will be a direct driver of future revenue. As a publicly listed operating company, AVAT is structured to reinvest gains and maintain its exposure across market cycles without forced liquidation pressures.

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Share Issuance

  • Avalanche Treasury (AVAT) became publicly traded on Nasdaq in June 2026 through a $675 million merger with Mountain Lake Acquisition Corp..
  • The company raised approximately $216 million through Company Unit Investments at $10.00 per unit.
  • As of July 9, 2026, certain stockholders plan to offer up to 15.69 million shares of Class A common stock for resale, representing approximately 39.7% of total outstanding Class A common stock, though the company will not receive any proceeds from these sales.

Inbound Investments

  • Avalanche Treasury Corporation completed a business combination with Mountain Lake Acquisition Corp., valued at over $675 million.
  • The transaction included approximately $460 million in treasury assets.
  • AVAT raised about $216 million through Company Unit Investments.

Outbound Investments

  • AVAT allocates funds toward Avalanche network infrastructure, applications, and ecosystem projects.
  • The company intends to deploy capital into strategic ecosystem investments and establish its validator infrastructure.
  • AVAT's strategy includes accumulating and staking AVAX tokens, with current holdings of approximately 15 million AVAX, representing about 3.5% of the circulating supply.

Capital Expenditures

  • The company's core strategy involves deploying capital to accelerate the adoption and growth of the Avalanche ecosystem.
  • AVAT plans to deploy capital into strategic ecosystem investments and to establish its validator infrastructure.

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

AVATMSTRCOINMARARIOTGLXYMedian
NameAvalanch.Strategy Coinbase.MARA Riot Pla.Galaxy D. 
Mkt Price0.80128.48137.306.2015.7614.1214.94
Mkt Cap0.051.436.22.45.62.74.2
Rev LTM-4955,63080467657,387804
Op Inc LTM--43320-1,014-503677-43
FCF LTM--17,3651,409-1,239-1,122-1,890-1,239
FCF 3Y Avg--20,0602,017-961-1,188-727-961
CFO LTM--71,409-895-593-357-357
CFO 3Y Avg--352,020-708-423-74-74

Growth & Margins

AVATMSTRCOINMARARIOTGLXYMedian
NameAvalanch.Strategy Coinbase.MARA Riot Pla.Galaxy D. 
Rev Chg LTM-4.2%-26.6%0.7%6.1%24.7%4.2%
Rev Chg 3Y Avg--0.5%36.0%88.9%43.0%-39.5%
Rev Chg Q--2.5%-35.0%-26.7%0.7%-1.0%-2.5%
QoQ Delta Rev Chg LTM--0.7%-10.4%-7.3%0.2%-0.1%-0.7%
Op Inc Chg LTM--4.4%-85.3%-68.2%-55.4%69.4%-55.4%
Op Inc Chg 3Y Avg--253.0%96.9%-92.6%-29.2%11,841.3%-29.2%
Op Mgn LTM--8.7%5.7%-126.1%-74.5%1.2%-8.7%
Op Mgn 3Y Avg--9.8%19.6%-82.7%-74.2%0.9%-9.8%
QoQ Delta Op Mgn LTM--0.6%-6.0%-21.7%-10.9%-0.4%-6.0%
CFO/Rev LTM--1.5%25.0%-111.3%-87.7%-0.6%-1.5%
CFO/Rev 3Y Avg--7.4%31.2%-94.9%-70.7%-0.1%-7.4%
FCF/Rev LTM--3,507.6%25.0%-154.1%-166.1%-3.3%-154.1%
FCF/Rev 3Y Avg--4,180.3%31.2%-127.0%-227.0%-1.3%-127.0%

Valuation

AVATMSTRCOINMARARIOTGLXYMedian
NameAvalanch.Strategy Coinbase.MARA Riot Pla.Galaxy D. 
Mkt Cap0.051.436.22.45.62.74.2
P/S-103.86.42.98.30.06.4
P/Op Inc--1,192.9113.2-2.3-11.24.0-2.3
P/EBIT--10.9-43.4-0.7-4.0-9.1-9.1
P/E--3.8-51.6-0.7-4.0-43.0-4.0
P/CFO--6,983.325.7-2.6-9.5-7.6-7.6
Total Yield--26.4%-1.9%-154.0%-27.0%-2.2%-26.4%
Dividend Yield0.0%0.0%0.0%0.0%0.0%0.4%0.0%
FCF Yield 3Y Avg--28.4%3.2%-17.7%-26.1%--21.9%
D/E1.00.10.21.00.11.90.6
Net D/E-0.20.0-0.10.90.00.90.0

Returns

AVATMSTRCOINMARARIOTGLXYMedian
NameAvalanch.Strategy Coinbase.MARA Riot Pla.Galaxy D. 
1M Rtn-61.3%-21.9%-26.1%-43.5%-16.7%-36.3%-31.2%
3M Rtn135.3%32.7%-5.6%-41.8%-25.7%-27.7%-15.6%
6M Rtn-56.7%-28.6%-28.8%-51.2%-34.6%-51.8%-42.9%
12M Rtn-56.7%-49.6%-57.0%-63.8%-16.9%-55.1%-55.9%
3Y Rtn-56.7%179.5%59.0%-32.9%43.1%-38.1%5.1%
1M Excs Rtn-50.3%-14.8%-21.6%-38.6%-13.4%-32.4%-27.0%
3M Excs Rtn151.0%29.4%-9.7%-37.6%-22.2%-29.0%-16.0%
6M Excs Rtn-61.5%-33.3%-33.7%-56.2%-39.7%-57.0%-48.0%
12M Excs Rtn-70.3%-61.4%-68.9%-77.0%-32.7%-69.4%-69.2%
3Y Excs Rtn-140.1%120.7%-5.6%-117.6%-27.8%-128.7%-72.7%

Comparison Analyses

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Financials

Segment Financials

Revenue by Segment
$ Mil2025
Single Segment0
Total0


Assets by Segment
$ Mil2025
Single Segment2
Total2


Price Behavior

Price Behavior
Market Price$0.80 
Market Cap ($ Bil)0.0 
First Trading Date06/11/2026 
Distance from 52W High-64.6% 
   50 Days200 Days
DMA Price$1.23 
DMA Trendup 
Distance from DMA-35.2% 
 3M1YR
Volatility257.5%232.0%
Downside Capture-130.64 
Upside Capture533.72 
Correlation (S&P 500)12.9% 
AVAT Betas & Captures as of 10/31/2026

 1M2M3M6M1Y3Y
Beta5.532.872.930.300.43-1.39
Up Beta-4.52-3.480.70-0.410.790.55
Down Beta0.3717.7715.534.612.964.21
Up Capture418%237%586%-45%-17%-2%
Bmk +ve Days12182862130427
Stock +ve Days82036505050
Down Capture836%-87%-396%95%55%32%
Bmk -ve Days10253664121325
Stock -ve Days142226464646

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with AVAT
AVAT-79.5%155.7%-1.74-
Sector ETF (XLF)11.1%15.2%0.474.2%
Equity (SPY)9.5%13.6%0.4117.3%
Gold (GLD)3.6%28.7%0.1116.9%
Commodities (DBC)37.7%21.2%1.401.3%
Real Estate (VNQ)12.0%14.2%0.55-6.8%
Bitcoin (BTCUSD)-20.8%43.3%-0.4243.4%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with AVAT
AVAT-27.1%155.7%-1.74-
Sector ETF (XLF)9.1%18.4%0.364.2%
Equity (SPY)11.3%17.3%0.4817.3%
Gold (GLD)17.5%19.1%0.7416.9%
Commodities (DBC)8.0%19.6%0.291.3%
Real Estate (VNQ)1.2%18.9%-0.05-6.8%
Bitcoin (BTCUSD)5.9%51.5%0.2943.4%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with AVAT
AVAT-14.6%155.7%-1.74-
Sector ETF (XLF)13.3%22.1%0.544.2%
Equity (SPY)14.9%18.0%0.7017.3%
Gold (GLD)12.0%16.5%0.5916.9%
Commodities (DBC)7.6%18.1%0.331.3%
Real Estate (VNQ)5.7%20.7%0.23-6.8%
Bitcoin (BTCUSD)61.3%66.2%1.0143.4%

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Short Interest

Short Interest: As Of Date10152026
Short Interest: Shares Quantity0.6 Mil
Short Interest: % Change Since 9302026-3.5%
Average Daily Volume0.9 Mil
Days-to-Cover Short Interest1
Basic Shares Quantity29.1 Mil
Short % of Basic Shares2.1%

Earnings Returns History

Updated 11/5/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/26/20267.1%39.8%249.4%
SUMMARY STATS   
# Positive111
# Negative000
Median Positive7.1%39.8%249.4%
Median Negative   
Max Positive7.1%39.8%249.4%
Max Negative   
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/26/20267.1%39.8%249.4%
SUMMARY STATS   
# Positive111
# Negative000
Median Positive7.1%39.8%249.4%
Median Negative   
Max Positive7.1%39.8%249.4%
Max Negative   

SEC Filings

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Report DateFiling DateFiling
06/30/202608/19/202610-Q
03/31/202606/29/202610-Q
12/31/202505/14/2026424B3
Collapse to Preview
Report DateFiling DateFiling
06/30/202608/19/202610-Q
03/31/202606/29/202610-Q
12/31/202505/14/2026424B3
Core Cache Last Updated: 11/5/2026