Tearsheet

Triller (ILLR)


Market Price (12/30/2025): $0.285 | Market Cap: $44.2 Mil
Sector: Information Technology | Industry: Application Software

Triller (ILLR)


Market Price (12/30/2025): $0.285
Market Cap: $44.2 Mil
Sector: Information Technology
Industry: Application Software

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


0 Megatrend and thematic drivers
Megatrends include Social Media & Creator Economy, and Digital Content & Streaming. Themes include Social Media Platforms, Creator Economy Monetization, Show more.
Weak multi-year price returns
2Y Excs Rtn is -134%, 3Y Excs Rtn is -176%
Penny stock
Mkt Price is 0.4
1   Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 276%
2   High stock price volatility
Vol 12M is 157%
3   Key risks
ILLR key risks include [1] a potential Nasdaq delisting for failing to meet compliance requirements, Show more.
0 Megatrend and thematic drivers
Megatrends include Social Media & Creator Economy, and Digital Content & Streaming. Themes include Social Media Platforms, Creator Economy Monetization, Show more.
1 Weak multi-year price returns
2Y Excs Rtn is -134%, 3Y Excs Rtn is -176%
2 Penny stock
Mkt Price is 0.4
3 Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 276%
4 High stock price volatility
Vol 12M is 157%
5 Key risks
ILLR key risks include [1] a potential Nasdaq delisting for failing to meet compliance requirements, Show more.

Valuation, Metrics & Events

ILLR Stock


Why The Stock Moved


Qualitative Assessment

AI Analysis | Feedback

Triller Group Inc. (NASDAQ: ILLR) experienced a notable decline in its stock price, dropping by approximately 24.2% during the period from August 31, 2025, to December 27, 2025. This downturn was primarily driven by a series of events indicating financial instability and regulatory non-compliance.

1. Repeated Nasdaq Delisting Notifications: Triller Group Inc. faced multiple warnings and a delisting determination from Nasdaq for failing to timely file its annual report (Form 10-K for 2024) and several quarterly reports (Forms 10-Q for March 31, June 30, and September 30, 2025). These failures led to an initial delisting determination letter on October 14, 2025, and an additional one on November 17, 2025, posing a significant risk to the company's public trading status.

2. Failure to Meet Filing Deadlines and Obtain Extensions: The company initially received an extension from Nasdaq until October 13, 2025, to file its delinquent reports but failed to meet this deadline. Although Triller Group secured a Nasdaq listing extension on December 9, 2025, to regain compliance by filing all delinquent reports by December 24, 2025, and achieve a minimum bid price of $1.00 by February 27, 2026, the ongoing struggle with compliance contributed to negative investor sentiment.

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Stock Movement Drivers

Fundamental Drivers

The -59.5% change in ILLR stock from 9/29/2025 to 12/29/2025 was primarily driven by a 0.0% change in the company's Shares Outstanding (Mil).
929202512292025Change
Stock Price ($)0.910.37-59.49%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)���
Net Income Margin (%)���
P/E Multiple���
Shares Outstanding (Mil)154.99154.990.00%
Cumulative Contribution�

LTM = Last Twelve Months as of date shown

Market Drivers

9/29/2025 to 12/29/2025
ReturnCorrelation
ILLR-59.5% 
Market (SPY)3.6%21.4%
Sector (XLK)4.1%13.9%

Fundamental Drivers

The -60.2% change in ILLR stock from 6/30/2025 to 12/29/2025 was primarily driven by a 0.0% change in the company's Shares Outstanding (Mil).
630202512292025Change
Stock Price ($)0.930.37-60.21%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)���
Net Income Margin (%)���
P/E Multiple���
Shares Outstanding (Mil)154.99154.990.00%
Cumulative Contribution�

LTM = Last Twelve Months as of date shown

Market Drivers

6/30/2025 to 12/29/2025
ReturnCorrelation
ILLR-60.2% 
Market (SPY)11.6%15.8%
Sector (XLK)15.4%11.4%

Fundamental Drivers

The -86.1% change in ILLR stock from 12/29/2024 to 12/29/2025 was primarily driven by a 0.0% change in the company's Shares Outstanding (Mil).
1229202412292025Change
Stock Price ($)2.670.37-86.13%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)���
Net Income Margin (%)���
P/E Multiple���
Shares Outstanding (Mil)154.99154.990.00%
Cumulative Contribution�

LTM = Last Twelve Months as of date shown

Market Drivers

12/29/2024 to 12/29/2025
ReturnCorrelation
ILLR-86.1% 
Market (SPY)16.6%15.8%
Sector (XLK)23.4%14.2%

Fundamental Drivers

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Market Drivers

12/30/2023 to 12/29/2025
ReturnCorrelation
ILLR-90.8% 
Market (SPY)47.9%9.2%
Sector (XLK)53.3%5.8%

Return vs. Risk


Price Returns Compared

 202020212022202320242025Total [1]
Returns
ILLR Return4%5%-86%-68%-41%-74%-99%
Peers Return16%38%-12%21%26%16%151%
S&P 500 Return16%27%-19%24%23%17%114%

Monthly Win Rates [3]
ILLR Win Rate67%75%67%33%42%33% 
Peers Win Rate52%65%42%68%57%52% 
S&P 500 Win Rate58%75%42%67%75%73% 

Max Drawdowns [4]
ILLR Max Drawdown-1%-1%-87%-76%-44%-84% 
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 12/29/2025 (YTD)

How Low Can It Go

Unique KeyEventILLRS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-96.8%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven3030.9%34.1%
2022 Inflation ShockTime to BreakevenTime to BreakevenNot Fully Recovered days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-5.7%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven6.0%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven64 days148 days

Compare to HPQ, HPE, IBM, CSCO, AAPL

In The Past

Triller's stock fell -96.8% during the 2022 Inflation Shock from a high on 11/3/2022. A -96.8% loss requires a 3030.9% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth over time.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Triller (ILLR)

AGBA Group Holding Limited together with its subsidiaries provides wealth management and healthcare institution services in Hong Kong. The company operates through Platform Business, Distribution Business, Healthcare Business, and Fintech Business segments. The Platform Business segment operates as a financial supermarket that offers financial products, such as life insurance, pensions, property-casualty insurance, stock brokerage, mutual funds, money lending, and real estate agency services. This segment serves banks, financial institutions, family offices, brokers, and individual independent financial advisors. The Distribution Business segment provides personal financial advisory services; and financial services and products, including long-term life insurance, savings, and mortgages. The Healthcare Business segment operates self-operated medical centers and a network of healthcare service providers in the Hong Kong and Macau region. The Fintech Business segment provides assets and businesses in Europe and Hong Kong. The Fintech Business segment manages financial technology investments with a spectrum of services and value-added information in health, insurance, investments, and social sharing. The company was formerly known as AGBA Acquisition Limited and changed its name to AGBA Group Holding Limited. AGBA Group Holding Limited was founded in 1993 and is headquartered in Wan Chai, Hong Kong.

AI Analysis | Feedback

Here are 1-3 brief analogies to describe Triller:

  • TikTok for music and live events.
  • A creator-focused TikTok that emphasizes combat sports.

AI Analysis | Feedback

  • Triller App: A short-form video social media platform primarily for user-generated content, music discovery, and entertainment.
  • Live Event Production & Streaming (e.g., FITE+): Services encompassing the production, distribution, and streaming of live combat sports, music, and other entertainment events globally.
  • Conversational AI & Engagement (e.g., Amplify.ai): An enterprise-grade platform providing AI-powered solutions for customer engagement, marketing automation, and support across various channels.
  • Talent Booking & Experiences (e.g., Thuzio): A B2B service connecting brands and businesses with professional athletes and celebrities for appearances, endorsements, and bespoke experiences.

AI Analysis | Feedback

Triller (symbol: ILLR) operates an AI-powered open garden technology platform encompassing social video, creator tools, and live events. While its core platforms (Triller app, FITE.tv) are primarily designed for engagement with individual users, Triller's revenue streams and customer base are diverse, including both individuals and businesses that leverage its ecosystem. Given that the direct engagement with its primary platforms (social media app, live event streaming) is driven by individuals, Triller can be considered as selling primarily to individuals. The company then serves these up to three categories of customers: 1. **Individual Content Consumers & Subscribers:** These are individual users who download the Triller app to watch short-form videos, consume various forms of entertainment, and engage with creators. This category also includes individuals who purchase Pay-Per-View (PPV) events on FITE.tv or subscribe to premium content offerings (e.g., TrillerPass). 2. **Content Creators & Influencers:** Individuals (artists, musicians, athletes, social media personalities) who use Triller's platform and its associated tools (like Fangage and Amplify.ai) to create, share, and monetize their content, build communities, and engage directly with their fanbase. They are both users contributing to the platform's value and customers utilizing Triller's suite of creator services. 3. **Brands and Advertisers:** Companies of various sizes that pay Triller to run advertising campaigns, sponsored content, and utilize its enterprise solutions (e.g., Thuzio for influencer marketing) to reach Triller's vast audience of individual users and creators, promoting their products, services, or messages. This category represents businesses that pay Triller for marketing, advertising, and fan engagement services.

AI Analysis | Feedback

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AI Analysis | Feedback

Wing-Fai Ng, Chief Executive Officer

Wing-Fai Ng is the Chief Executive Officer of Triller Group, a role he held as of June 2025.

Pei Huang Shu, Acting Group Chief Financial Officer

Pei Huang Shu serves as the Acting Group Chief Financial Officer for Triller Group.

Sean Kim, CEO of Triller App

Sean Kim was appointed CEO of Triller App and its subsidiary, Triller Platform Co., starting in December 2024. Before joining Triller, he was the Head of Product at TikTok US from 2019 to 2022, where he was responsible for strategic direction and products such as the "For You Page" and creator monetization. Most recently, he served as President and Chief Product Officer at Kajabi, a SaaS tech company, and his experience also includes roles at DirecTV, Amazon, and Amazon Prime.

Bobby Sarnevesht, Executive Chairman (Board Member)

Bobby Sarnevesht previously served as CEO and is now an Executive Chairman and owner, sitting on Triller Group's Board of Directors. He was noted for his contributions since the acquisition of the predecessor of Triller Inc. from its founders in 2019.

Mahi de Silva, Board Member (former CEO of TrillerNet)

Mahi de Silva is a serial entrepreneur and currently serves on the board of Triller. He was the Co-Founder and CEO of Amplify.ai, a conversational AI company that was acquired by TrillerNet in 2021. De Silva also co-founded and was CEO of AdMarvel Inc., a mobile ad platform, which was acquired by Opera Software in 2010. Following the acquisition, he became CEO of Opera Mediaworks. His early career includes positions at Apple and being part of the core startup team at VeriSign. He also served as Chairman of the Board of Noventis, which was acquired by Wex Inc. in 2019.

AI Analysis | Feedback

The public company Triller (symbol: ILLR) faces several significant risks to its business, primarily centered around regulatory compliance and financial stability.

  1. Nasdaq Delisting Risk: Triller has repeatedly failed to file required financial reports with the Securities and Exchange Commission (SEC), leading to multiple delinquency notices from Nasdaq. Additionally, the company has struggled to maintain its stock price above Nasdaq's minimum bid price requirement. Failure to resolve these compliance issues could result in the company's delisting from Nasdaq, which would severely reduce liquidity for its stock and make it significantly more challenging to raise capital.
  2. Lack of Profitability and Negative Cash Flow: Triller has consistently reported negative earnings per share (EPS) and substantial negative free cash flow, indicating persistent issues with profitability and liquidity. The company also has negative shareholders' equity, further highlighting its financial fragility. This ongoing financial unhealthiness raises concerns about the company's ability to fund its operations and achieve sustainable growth.
  3. Governance Failures and Internal Control Weaknesses: The delays in financial filings stem from internal financial restatements due to accounting errors and a high turnover in its finance department. These issues, coupled with instances of insider selling and a failed private placement, point to systemic governance weaknesses that could erode investor confidence and deter potential institutional investors and partners.

AI Analysis | Feedback

The severe and ongoing financial instability, including repeated "going concern" warnings from auditors in its public filings, represents a clear emerging existential threat that impairs Triller's ability to fund operations, innovate, and compete effectively against well-capitalized rivals in the highly competitive short-form video and live event markets.

AI Analysis | Feedback

Triller (ILLR) operates across several key product and service areas, each with its own addressable market.

Social Media and Short-Form Video Platform (Triller App):
The global social media market size was valued at approximately USD 238.56 billion in 2024 and is projected to reach USD 499.04 billion by 2030, growing at a compound annual growth rate (CAGR) of 13.1% from 2024 to 2030. Another estimate places the global social media market size at USD 218.03 billion in 2023, anticipated to exceed USD 815.78 billion by 2033, with a CAGR of 14.09% from 2023 to 2033. North America held the largest revenue share in the social media market in 2024.

For the short-form video market specifically, which is a core component of the Triller app, the global market size was valued at USD 45.34 billion in 2024 and is projected to reach USD 835.69 billion by 2035, growing at a CAGR of 39.47% from 2025 to 2035. Another estimate for the global short-form video market size was USD 34.79 billion in 2024 and is expected to reach USD 289.52 billion by 2032, at a CAGR of 30.33%.

Creator Economy (including Live Streaming and Content Monetization):
Triller is positioned within the broader creator economy. The global creator economy market is valued at over USD 191 billion and is expected to surpass USD 525 billion by 2030 or USD 528.39 billion by 2030. Goldman Sachs estimated that the total addressable market of the creator economy could reach USD 480 billion by 2027 from USD 250 billion in 2023. Grand View Research estimated the global creator economy market size at USD 205.25 billion in 2024, projected to reach USD 1,345.54 billion by 2033, growing at a CAGR of 23.3% from 2025 to 2033. North America holds a significant share of this market, estimated at around 40% of the global creator economy market share.

The global live streaming market, which is part of the creator economy and includes Triller's event platforms, was estimated at USD 87.55 billion in 2023 and is projected to reach USD 345.13 billion by 2030, with a CAGR of 23.0%. Other estimates for the global live streaming market range from USD 87.8 billion in 2024, expected to reach USD 605.2 billion by 2033 (CAGR of 23.93%), to USD 756.5 billion by 2031 (CAGR of 20.9% from 2024 to 2031). The Asia-Pacific region is expected to dominate the live streaming market in 2024, with North America also being a major market.

Combat Sports (Bare Knuckle Fighting Championship - BKFC, Triller Fight Club, TrillerTV):
Triller's combat sports ventures, including BKFC and Triller Fight Club, fall under the broader live streaming and sports media markets. While a specific market size solely for "bare-knuckle fighting" or "Triller Fight Club" is not separately available, these operations contribute to the live streaming market as a whole, particularly within the media and entertainment segment. This segment accounted for the largest share of the live streaming market in 2023 and 2024. Triller Fight Club has reported selling over 3 million Pay-Per-Views in a year (as of February 2022).

Fintech/Financial Services (AGBA Group):
Triller Group, through its merger with AGBA Group, offers financial services such as life insurance, property-casualty insurance, pension, stock brokerage, and mutual funds, as well as a wealth and health platform. Triller aims to integrate financial services into the creator economy, creating new revenue streams. While the broader fintech and financial services markets are substantial, specific addressable market sizes for financial services tailored to the creator economy are not readily available in the provided search results.

Advertising and Brand Campaigns:
Triller offers brand campaign services, content amplification, brand marketing, event creation, agency partnerships, and advertising services. These services tap into the global digital advertising market. Global digital advertising spend growth is estimated to be in line with the creator economy growth. Spending on social media advertising alone is expected to reach around USD 219.8 billion in 2024.

AI Analysis | Feedback

Here are 3-5 expected drivers of future revenue growth for Triller (ILLR) over the next 2-3 years:

1. Expansion and Monetization of Core Digital Content and Social Media Platform: Triller has demonstrated aggressive expansion and monetization strategies within its core digital content and social media platform, the Triller app. The company aims to capitalize on the growing demand for digital content and social media, which has led to significant revenue increases in the past.

2. Growth in Brand Marketing, Advertising Services, and Content Amplification: Triller leverages its artificial intelligence (AI) technology to deliver brand campaigns, marketing, and advertising services. A continued focus on these offerings, alongside content amplification, is expected to drive revenue growth as the company strives to remain relevant in a competitive market.

3. Diversification into New Service Offerings, Including Financial Services and Wealth and Health Platforms: Triller has indicated a strategic diversification into new areas such as financial services and wealth and health platforms. These new ventures are anticipated to open up additional revenue streams in the future, contributing to overall top-line growth.

AI Analysis | Feedback

Share Issuance

  • On October 15, 2024, as part of a merger, Triller Group Inc. issued 83,468,631 shares of common stock to Triller stockholders, 24,206,246 shares of common stock as an escrow agent, and 11,801,804 shares of preferred stock.
  • In February 2025, Triller Group raised $50 million through a private placement with institutional investors, involving the sale of up to 6.36 million common shares at $2.20 each to KCP Holdings.
  • On October 21, 2025, Triller Group issued common shares as equity grants under its 2024 Equity Incentive Plan, including 4,000,000 shares to CEO Ng Wing Fai, and 500,000 shares each to directors Brian Chung Yau Chan and Thomas Kwok On Ng.

Inbound Investments

  • In October 2020, Triller completed a funding round that raised $250 million, valuing the company at $1.25 billion.
  • On August 29, 2022, Triller raised $200 million in a Series B funding round.
  • In February 2025, Triller Group secured $50 million in equity funding from a private placement with institutional investors, led by KCP Holdings.

Outbound Investments

  • On April 14, 2021, Triller acquired video streaming service FITE TV (later rebranded as TrillerTV) and customer engagement platform Amplify.ai. These acquisitions, along with the March 2021 purchase of music competition platform Verzuz, totaled approximately $250 million.
  • On November 22, 2021, Triller acquired influencer event firm Thuzio.
  • In February 2022, Triller acquired a majority interest in Bare Knuckle Fighting Championship (BKFC) for an undisclosed amount, with the acquisition formally occurring on April 1, 2022.

Capital Expenditures

  • Triller Group reported capital expenditures of $0.5 million in fiscal year 2020, $0.2 million in fiscal year 2021, $0.1 million in fiscal year 2022, and $0.0 million in fiscal year 2023.
  • For the 12 months ending prior to November 7, 2025, capital expenditures totaled $71,000.

Trade Ideas

Select ideas related to ILLR. 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 Triller

Peers to compare with:

Financials

ILLRHPQHPEIBMCSCOAAPLMedian
NameTriller HP Hewlett .Internat.Cisco Sy.Apple  
Mkt Price0.3722.7324.33305.7477.79273.7651.06
Mkt Cap0.121.432.4285.5307.74,079.8159.0
Rev LTM-55,29534,29665,40257,696408,62557,696
Op Inc LTM-3,6241,64411,54412,991130,21411,544
FCF LTM-2,80062711,85412,73396,18411,854
FCF 3Y Avg-2,9781,40011,75313,879100,50311,753
CFO LTM-3,6972,91913,48313,744108,56513,483
CFO 3Y Avg-3,6723,89613,49814,736111,55913,498

Growth & Margins

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

Valuation

ILLRHPQHPEIBMCSCOAAPLMedian
NameTriller HP Hewlett .Internat.Cisco Sy.Apple  
Mkt Cap0.121.432.4285.5307.74,079.8159.0
P/S-0.40.94.45.310.04.4
P/EBIT-6.619.725.122.431.322.4
P/E-8.4569.036.129.841.136.1
P/CFO-5.811.121.222.437.621.2
Total Yield-14.4%2.3%5.0%5.5%2.8%5.0%
Dividend Yield0.0%2.5%2.1%2.2%2.1%0.4%2.1%
FCF Yield 3Y Avg-10.6%5.5%6.4%6.0%3.1%6.0%
D/E2.80.50.70.20.10.00.4
Net D/E2.80.30.60.20.00.00.3

Returns

ILLRHPQHPEIBMCSCOAAPLMedian
NameTriller HP Hewlett .Internat.Cisco Sy.Apple  
1M Rtn-8.8%-5.8%11.9%-0.9%1.1%-1.8%-1.4%
3M Rtn-59.5%-14.5%1.4%9.9%15.6%7.7%4.5%
6M Rtn-60.2%-5.0%20.3%5.0%13.5%33.7%9.2%
12M Rtn-86.1%-28.7%15.4%40.8%33.9%7.6%11.5%
3Y Rtn-97.1%-5.3%65.8%142.1%78.3%113.9%72.0%
1M Excs Rtn-7.7%-5.5%12.3%-0.5%0.9%-2.7%-1.6%
3M Excs Rtn-63.2%-18.1%-2.3%6.2%11.9%4.0%0.9%
6M Excs Rtn-71.5%-16.3%9.0%-6.3%2.2%22.4%-2.1%
12M Excs Rtn-98.7%-43.3%-0.2%25.4%19.0%-7.8%-4.0%
3Y Excs Rtn-175.8%-82.8%-10.4%61.9%0.1%27.1%-5.1%

Financials

Segment Financials

Revenue by Segment
$ Mil2023
Single Segment48
Total48


Price Behavior

Price Behavior
Market Price$0.37 
Market Cap ($ Bil)0.1 
First Trading Date07/31/2019 
Distance from 52W High-86.1% 
   50 Days200 Days
DMA Price$0.56$0.73
DMA Trenddowndown
Distance from DMA-34.2%-49.1%
 3M1YR
Volatility162.6%158.0%
Downside Capture565.26256.89
Upside Capture33.7221.98
Correlation (SPY)20.4%15.5%
ILLR Betas & Captures as of 11/30/2025

 1M2M3M6M1Y3Y
Beta0.561.541.471.841.051.08
Up Beta-4.990.860.092.220.910.94
Down Beta2.606.248.294.831.220.71
Up Capture-110%-213%-107%-24%-11%22%
Bmk +ve Days13263974142427
Stock +ve Days9172454103303
Down Capture297%190%-82%150%146%111%
Bmk -ve Days7162452107323
Stock -ve Days11253870139422

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
 Comparison of ILLR With Other Asset Classes (Last 1Y)
 ILLRSector ETFEquityGoldCommoditiesReal EstateBitcoin
Annualized Return-84.4%23.1%16.7%65.4%7.5%4.2%-7.3%
Annualized Volatility157.1%27.5%19.4%19.8%15.3%17.0%34.9%
Sharpe Ratio-0.440.730.672.430.270.08-0.06
Correlation With Other Assets 14.0%15.5%6.4%9.4%12.4%2.8%

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 ILLR With Other Asset Classes (Last 5Y)
 ILLRSector ETFEquityGoldCommoditiesReal EstateBitcoin
Annualized Return-66.4%18.8%14.8%17.7%11.2%5.1%30.2%
Annualized Volatility161.0%24.7%17.1%15.6%18.7%18.9%48.6%
Sharpe Ratio-0.060.690.700.910.480.180.57
Correlation With Other Assets 3.1%5.4%-5.6%-0.2%0.7%1.4%

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 10-Year Data
 Comparison of ILLR With Other Asset Classes (Last 10Y)
 ILLRSector ETFEquityGoldCommoditiesReal EstateBitcoin
Annualized Return-57.0%22.7%15.0%14.6%6.9%5.4%69.0%
Annualized Volatility152.4%24.2%18.0%14.8%17.6%20.8%55.8%
Sharpe Ratio-0.050.860.720.820.310.230.89
Correlation With Other Assets 2.8%4.6%-5.1%-0.2%0.7%1.3%

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 Quantity2,604,308
Short Interest: % Change Since 1130202519.4%
Average Daily Volume1,153,070
Days-to-Cover Short Interest2.26
Basic Shares Quantity154,992,185
Short % of Basic Shares1.7%

Earnings Returns History

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 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
3/28/2024-1.0%-13.7%441.2%
11/14/202317.6%5.0%-21.8%
8/11/202311.5%-5.8%-11.8%
5/16/2023-8.0%-9.7%-13.1%
SUMMARY STATS   
# Positive211
# Negative233
Median Positive14.6%5.0%441.2%
Median Negative-4.5%-9.7%-13.1%
Max Positive17.6%5.0%441.2%
Max Negative-8.0%-13.7%-21.8%

SEC Filings

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Report DateFiling DateFiling
03/31/202408/01/2024PRER14A (03/31/2024)

Insider Activity

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 OwnerTitleFiling DateActionPriceSharesTransacted
Value
Value of
Held Shares
Form
0Diamond Robert E. Jr. 3032025Sell1.0240,00040,800285Form
1Diamond Robert E. Jr. 2262025Sell1.15354407482,166Form
2Diamond Robert E. Jr. 2102025Sell1.9035,00066,500998,762Form
3Diamond Robert E. Jr. 1312025Sell1.9796,659190,4181,222,708Form
4Diamond Robert E. Jr. 1282025Sell1.9450,00097,0001,508,695Form