Tearsheet

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

1. Generates cash flow

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

2. Riding a trend

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


0 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 77%
Weak revenue growth
Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is 0.3%
1 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 158%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 158%
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 26%
2 Megatrend and thematic drivers
Megatrends include Crypto & Blockchain. Themes include Blockchain Enterprise Solutions, Decentralized Application Platforms, and Digital Asset Infrastructure.
 
0 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 77%
1 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 158%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 158%
2 Megatrend and thematic drivers
Megatrends include Crypto & Blockchain. Themes include Blockchain Enterprise Solutions, Decentralized Application Platforms, and Digital Asset Infrastructure.
3 Weak revenue growth
Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is 0.3%
4 Significant short interest
Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 26%

Valuation, Metrics & Events

SUIG Stock


Why The Stock Moved


Qualitative Assessment

AI Generated Analysis | Feedback

Sui Group Holdings (NASDAQ: SUIG) experienced a significant decline in its stock price, moving by approximately -70.9% between August 31, 2025, and early December 2025, driven by several key factors.

1. Significant Unrealized Loss on Digital Assets in Q3 2025. Sui Group Holdings reported a substantial non-cash, unrealized loss of $60.7 million in the third quarter of 2025. This loss was primarily due to mark-to-market accounting adjustments on its SUI digital asset holdings, indicating a significant downturn in the value of its cryptocurrency investments and negatively impacting investor confidence.

2. Dramatic Increase in Operating Expenses. The company faced an enormous surge in its total operating expenses during Q3 2025, which, excluding net realized and unrealized gains on portfolio investments, escalated to $64.7 million. This represented a drastic increase from approximately $420,000 in the third quarter of 2024, raising significant concerns among investors regarding cost management and the company's path to profitability.

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Stock Movement Drivers

Return vs. Risk


Price Returns Compared

 202020212022202320242025Total [1]
Returns
SUIG Return------ 
Peers Return1%28%-29%33%27%24%92%
S&P 500 Return16%27%-19%24%23%16%112%

Monthly Win Rates [3]
SUIG Win Rate-----0% 
Peers Win Rate57%50%28%40%45%50% 
S&P 500 Win Rate58%75%42%67%75%70% 

Max Drawdowns [4]
SUIG Max Drawdown------ 
Peers Max Drawdown-30%-5%-34%-15%-15%-23% 
S&P 500 Max Drawdown-31%-1%-25%-1%-2%-15% 


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

How Low Can It Go

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

Unique KeyEventXLFS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-26.9%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven36.7%34.1%
2022 Inflation ShockTime to BreakevenTime to Breakeven525 days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-43.3%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven76.5%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven295 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-26.1%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven35.2%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven338 days120 days
2008 Global Financial Crisis2008 Global Financial Crisis  
2008 Global Financial Crisis% Loss% Loss-83.7%-56.8%
2008 Global Financial Crisis% Gain to Breakeven% Gain to Breakeven515.2%131.3%
2008 Global Financial CrisisTime to BreakevenTime to Breakeven4470 days1480 days

Compare to


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 over time.

Asset Allocation

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About Sui (SUIG)

Better Bets than Sui (SUIG)

Trade Ideas

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

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
WU_11212025_Dip_Buyer_FCFYield11212025WUWestern UnionDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
7.5%7.5%-0.4%
COIN_11212025_Monopoly_xInd_xCD_Getting_Cheaper11212025COINCoinbase GlobalMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
15.2%15.2%0.0%
PYPL_11142025_Dip_Buyer_FCFYield11142025PYPLPayPalDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
-2.5%-2.5%-7.5%
V_11142025_Monopoly_xInd_xCD_Getting_Cheaper11142025VVisaMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
-0.1%-0.1%-2.7%
WD_11072025_Dip_Buyer_ValueBuy11072025WDWalker & DunlopDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
-6.2%-6.2%-11.0%
Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
WU_11212025_Dip_Buyer_FCFYield11212025WUWestern UnionDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
7.5%7.5%-0.4%
COIN_11212025_Monopoly_xInd_xCD_Getting_Cheaper11212025COINCoinbase GlobalMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
15.2%15.2%0.0%
PYPL_11142025_Dip_Buyer_FCFYield11142025PYPLPayPalDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
-2.5%-2.5%-7.5%
V_11142025_Monopoly_xInd_xCD_Getting_Cheaper11142025VVisaMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
-0.1%-0.1%-2.7%
WD_11072025_Dip_Buyer_ValueBuy11072025WDWalker & DunlopDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
-6.2%-6.2%-11.0%

Recent Active Movers

Recent Active Movers

More From Trefis

Peer Comparisons for Sui

Peers to compare with:

Financials

SUIGPRAAAXPCOFSOFIMedian
NameSui PRA American.Capital .SoFi Tec. 
Mkt Price2.0217.09368.13227.2429.0729.07
Mkt Cap-0.7254.7145.234.089.6
Rev LTM41,14270,42848,2313,3223,322
Op Inc LTM-207---207
FCF LTM6-6218,94420,845-3,1796
FCF 3Y Avg-0-6916,90421,063-4,671-0
CFO LTM6-5821,13922,335-2,9516
CFO 3Y Avg-0-6518,80122,259-4,506-0

Growth & Margins

SUIGPRAAAXPCOFSOFIMedian
NameSui PRA American.Capital .SoFi Tec. 
Rev Chg LTM76.6%15.8%9.1%25.4%34.0%25.4%
Rev Chg 3Y Avg0.3%5.2%11.6%13.4%33.4%11.6%
Rev Chg Q250.4%1.4%10.8%54.4%38.6%38.6%
QoQ Delta Rev Chg LTM49.0%0.4%2.6%12.7%8.8%8.8%
Op Mgn LTM-18.1%---18.1%
Op Mgn 3Y Avg-10.4%---10.4%
QoQ Delta Op Mgn LTM--0.8%----0.8%
CFO/Rev LTM158.3%-5.0%30.0%46.3%-88.8%30.0%
CFO/Rev 3Y Avg-15.0%-6.4%29.2%55.1%-204.8%-6.4%
FCF/Rev LTM158.3%-5.4%26.9%43.2%-95.7%26.9%
FCF/Rev 3Y Avg-15.0%-6.9%26.3%52.2%-211.1%-6.9%

Valuation

SUIGPRAAAXPCOFSOFIMedian
NameSui PRA American.Capital .SoFi Tec. 
Mkt Cap-0.7254.7145.234.089.6
P/S-0.53.32.89.33.0
P/EBIT-2.5---2.5
P/E-6.321.896.048.335.1
P/CFO--10.110.96.1-10.5-2.0
Total Yield-15.8%4.6%2.0%2.1%3.3%
Dividend Yield-0.0%0.0%0.9%0.0%0.0%
FCF Yield 3Y Avg--9.7%10.7%36.3%-50.4%0.5%
D/E-6.30.30.40.10.3
Net D/E-5.90.0-0.1-0.1-0.0

Returns

SUIGPRAAAXPCOFSOFIMedian
NameSui PRA American.Capital .SoFi Tec. 
1M Rtn-29.1%16.7%1.8%2.9%-5.1%1.8%
3M Rtn-67.1%1.2%14.0%3.1%18.7%3.1%
6M Rtn-18.8%25.0%18.6%116.0%21.9%
12M Rtn--16.6%23.2%23.0%83.1%23.1%
3Y Rtn--50.5%143.8%145.0%518.5%144.4%
1M Excs Rtn-29.1%16.7%1.8%2.9%-5.1%1.8%
3M Excs Rtn-72.5%-4.6%6.3%-4.6%9.2%-4.6%
6M Excs Rtn-4.0%10.3%3.9%101.3%7.2%
12M Excs Rtn--32.9%8.6%6.3%63.6%7.4%
3Y Excs Rtn--121.8%80.5%67.6%480.5%74.0%

Financials

Segment Financials

Revenue by Segment

$ Mil20242023202220212020
Single Segment24530
Total24530


Short Interest

Short Interest: As Of Date11142025
Short Interest: Shares Quantity1,645,030
Short Interest: % Change Since 1031202561.0%
Average Daily Volume1,677,819
Days-to-Cover Short Interest1
Basic Shares Quantity6,385,255
Short % of Basic Shares25.8%

SEC Filings

Expand for More

Report DateFiling DateFiling
12312024310202510-K 12/31/2024
93020241112202410-Q 9/30/2024
6302024814202410-Q 6/30/2024
3312024515202410-Q 3/31/2024
12312023402202410-K 12/31/2023
93020231117202310-Q 9/30/2023
6302023815202310-Q 6/30/2023
3312023522202310-Q 3/31/2023
12312022417202310-K 12/31/2022
93020221118202210-Q 9/30/2022
6302022815202210-Q 6/30/2022
3312022513202210-Q 3/31/2022
12312021314202210-K 12/31/2021
93020211112202110-Q 9/30/2021
6302021816202110-Q 6/30/2021
3312021517202110-Q 3/31/2021