Financial Analysis
Filing-based analysis. Market pricing is not included. Fundamentals from SEC filings; economic data from FRED and the BLS. About our data
Filing evidence summary
Mixed evidenceCoverage 3/5 core metricsFlagged areas: Dilution.
Backward-looking filed evidence under visible rules - not a rating, forecast or investment advice. Missing data is never scored.
Evidence signals
- 2 filing risk checks flagged
Flagged areas: Dilution.
Why this surfaced
The full financial analysis shows each value, threshold, and sector limitation.
- Revenue expanded
Latest reported annual revenue changed +8709.3% from the prior reported annual observation.
Why this surfaced
Direction threshold: above +2% constructive; below -2% caution; otherwise monitor. This is not labeled one-year growth when filing periods have a gap. Period end 2025-12-31.
- Operating margin improved
Operating margin changed +37073.0 percentage points from the prior annual period.
Why this surfaced
Direction threshold: more than +1 percentage point constructive; below -1 point caution. Period end 2025-12-31.
Core trend metrics
Hover a tile for its exact definition; the Statements tab carries per-cell filing citations.
Where to look next
Risk checks
- Dilution
Financial movement
- Cash→ flat
- Long-term debt→ flat
- Inventory→ flat
- Receivables→ flat
- Current assets→ flat
Source & freshness
- Source
- SEC EDGAR XBRL
- Fetched
- 2026-10-21
- Latest period end
- 2025-12-31
- Filings
- EDGAR ↗
Reported segment mix
figures as filed · share of the filed sum · change vs the prior period in the same filing- Bitcoin Mining$1.73M74.0%+6420.7% yoy
- Avalanche Staking$608K26.0%no prior
- Other$5310.0%no prior
Members sum to the consolidated $2.34M for this period.
- United States$2.03M86.6%no prior
- Canada$314K13.4%+1080.5% yoy
Members sum to the consolidated $2.34M for this period.
- Avalanche Protocol$2.14M75.9%no prior
- Bitcoin Mining$678K24.1%+50.0% yoy
Change is against the same quarter a year earlier, as reported in the same 10-Q.
Source: SEC DERA Financial Statement and Notes data sets. Dimensional XBRL facts on the business-segment, product/service and geographic axes; the engine keeps the accession of every figure. Descriptive and educational, not advice.
Peer percentiles
latest fiscal year ending 2025-12-31 · among 4,060 US-listed filers · 883 in Financials| Metric | Value | vs all filers | vs sector |
|---|---|---|---|
Revenue latest fiscal-year revenue as filed | $2M | 6thof 3,247 bottom third | 6thof 528 bottom third |
Revenue growth latest fiscal-year revenue vs the prior fiscal year | 8709.3% | 100thof 3,083 top third | 100thof 505 top third |
Operating margin operating income ÷ revenue | -925.5% | 7thof 2,777 bottom third | 9thof 230 bottom third |
Net margin net income ÷ revenue | -1418.1% | 5thof 3,212 bottom third | 4thof 522 bottom third |
Return on equity net income ÷ stockholders' equity (positive equity only) | -17.8% | 29thof 3,520 bottom third | 10thof 752 bottom third |
Stock comp ÷ revenue stock-based compensation ÷ revenue · lower is ranked higher | 76.7% | 8thof 2,852 bottom third | 9thof 413 bottom third |
Cash-flow accrual ratio (net income − operating cash flow) ÷ average total assets · lower is ranked higher | -18.2% | 86thof 3,845 top third | 93rdof 837 top third |
Balance-sheet accrual ratio change in net operating assets ÷ average net operating assets · lower is ranked higher | 183.5% | 6thof 3,301 bottom third | 8thof 770 bottom third |
Each filer's latest fiscal year as stored by the nightly crawl; fiscal year ends differ across the universe. A metric ranks only filers for which it is computable from filed facts. Ties split; a rank reads "better than N% of filers" in the metric's own direction. Descriptive and educational, not a rating.
Earnings quality
latest fiscal year ending 2025-12-31 · accruals and cash conversion as filedPer fiscal year from filed facts: cash conversion = operating cash flow / net income (net income > 0); cash-flow accrual ratio = (net income - operating cash flow) / average total assets; balance-sheet accrual ratio = change in net operating assets / average net operating assets, NOA = (assets - cash) - (liabilities - debt). Descriptive; a missing input yields a missing ratio. High accrual ratios and cash conversion well below one are the measures the accruals literature associates with less persistent earnings; they are screens to read the cash-flow statement with, not conclusions. The per-year series is part of Pro risk analysis.
Point-in-time ledger
first-reported vs latest filing · periods since 2020-01-01 · 25 changed periods| Line item | Period | First reported | Latest filing | Change | Filings |
|---|---|---|---|---|---|
| Diluted shares WeightedAverageNumberOfDilutedSharesOutstanding | quarter 2025-03-31 | 5,780,930 shares 10-Q 2025-05-15 | 643 shares 10-Q 2026-05-15 | -100.0% | first · latest |
| Diluted shares WeightedAverageNumberOfDilutedSharesOutstanding | quarter 2025-06-30 | 292,021 shares 10-Q 2025-08-14 | 24 shares 10-Q 2026-08-13 | -100.0% | first · latest |
| Basic shares WeightedAverageNumberOfSharesOutstandingBasic | quarter 2025-03-31 | 1,661,921 shares 10-Q 2025-05-15 | 185 shares 10-Q 2026-05-15 | -100.0% | first · latest |
| Basic shares WeightedAverageNumberOfSharesOutstandingBasic | quarter 2025-06-30 | 292,021 shares 10-Q 2025-08-14 | 24 shares 10-Q 2026-08-13 | -100.0% | first · latest |
| Diluted shares WeightedAverageNumberOfDilutedSharesOutstanding | quarter 2024-06-30 | 45,875,887 shares 10-Q 2024-08-13 | 50,973 shares 10-Q 2025-08-14 | -99.9% | first · latest |
| Diluted shares WeightedAverageNumberOfDilutedSharesOutstanding | quarter 2024-09-30 | 92,015,605 shares 10-Q 2024-11-19 | 102,240 shares 10-Q 2025-11-14 | -99.9% | first · latest |
| Basic shares WeightedAverageNumberOfSharesOutstandingBasic | quarter 2024-06-30 | 45,875,887 shares 10-Q 2024-08-13 | 50,973 shares 10-Q 2025-08-14 | -99.9% | first · latest |
| Basic shares WeightedAverageNumberOfSharesOutstandingBasic | quarter 2024-09-30 | 92,015,605 shares 10-Q 2024-11-19 | 102,240 shares 10-Q 2025-11-14 | -99.9% | first · latest |
| Diluted shares WeightedAverageNumberOfDilutedSharesOutstanding | fiscal year 2023-12-31 | 1,160,523 shares 10-K 2024-04-01 | 11,605 shares 10-K 2025-04-07 | -99.0% | first · latest |
| Diluted shares WeightedAverageNumberOfDilutedSharesOutstanding | quarter 2024-03-31 | 12,650,304 shares 10-Q 2024-05-15 | 126,438 shares 10-Q 2025-05-15 | -99.0% | first · latest |
| Basic shares WeightedAverageNumberOfSharesOutstandingBasic | fiscal year 2023-12-31 | 1,160,523 shares 10-K 2024-04-01 | 11,605 shares 10-K 2025-04-07 | -99.0% | first · latest |
| Basic shares WeightedAverageNumberOfSharesOutstandingBasic | quarter 2024-03-31 | 12,650,304 shares 10-Q 2024-05-15 | 126,438 shares 10-Q 2025-05-15 | -99.0% | first · latest |
| Basic shares WeightedAverageNumberOfSharesOutstandingBasic | fiscal year 2024-12-31 | 713,627 shares 10-K 2025-04-07 | 79,292 shares 10-K 2026-03-31 | -88.9% | first · latest |
| Diluted shares WeightedAverageNumberOfDilutedSharesOutstanding | fiscal year 2024-12-31 | 407,311 shares 10-K 2025-04-07 | 91,049 shares 10-K 2026-03-31 | -77.7% | first · latest |
| Revenue RevenueFromContractWithCustomerExcludingAssessedTax | fiscal year 2024-12-31 | $67.9K 10-K 2025-04-07 | $26.6K 10-K 2026-03-31 | -60.9% | first · latest |
| Revenue RevenueFromContractWithCustomerExcludingAssessedTax | quarter 2025-03-31 | $344K 10-Q 2025-05-15 | $273K 10-Q 2026-05-15 | -20.7% | first · latest |
| Operating income OperatingIncomeLoss | quarter 2025-03-31 | -$2.07M 10-Q 2025-05-15 | -$1.8M 10-Q 2026-05-15 | +12.8% | first · latest |
| Operating income OperatingIncomeLoss | quarter 2025-06-30 | -$1.48M 10-Q 2025-08-14 | -$1.38M 10-Q 2026-08-13 | +6.9% | first · latest |
| Intangibles IntangibleAssetsNetExcludingGoodwill | balance at 2024-12-31 | $8.31M 10-K 2025-04-07 | $7.81M 10-K 2026-03-31 | -6.0% | first · latest · 5 filings carry it |
| Depreciation and amortization DepreciationAndAmortization | quarter 2025-03-31 | $275K 10-Q 2025-05-15 | $260K 10-Q 2026-05-15 | -5.6% | first · latest |
| Depreciation and amortization DepreciationAndAmortization | quarter 2025-06-30 | $318K 10-Q 2025-08-14 | $334K 10-Q 2026-08-13 | +4.9% | first · latest |
| Depreciation and amortization DepreciationAndAmortization | quarter 2024-09-30 | $169K 10-Q 2024-11-19 | $164K 10-Q 2025-11-14 | -3.4% | first · latest |
| Operating income OperatingIncomeLoss | fiscal year 2024-12-31 | -$10.4M 10-K 2025-04-07 | -$10.1M 10-K 2026-03-31 | +2.9% | first · latest |
| Depreciation and amortization DepreciationAndAmortization | fiscal year 2024-12-31 | $667K 10-K 2025-04-07 | $650K 10-K 2026-03-31 | -2.5% | first · latest |
| Operating income OperatingIncomeLoss | quarter 2024-09-30 | -$5.61M 10-Q 2024-11-19 | -$5.48M 10-Q 2025-11-14 | +2.2% | first · latest |
4 share-count periods re-presented for a stock split (1-for-50) are listed apart from restatements and not counted above.
First filing reporting each period vs the latest filing carrying it (10-K and 10-Q only, periods since 2020, the extractor's winning tag per concept); a change under 0.5% is treated as rounding. A change can be a restatement, a reclassification or a re-tagging in a later comparative column; the two filings are linked so the reader can see which. Descriptive, not a verdict.
Notes by disclosure type
Not available for AVX yet: no footnote text blocks on file for this filer in the ingested DERA files.
Fundamentals from SEC EDGAR. Scores, the DCF, and every model shown are educational analysis, not investment advice or price predictions.