CD

MKT CAP:$415M

Chaince Digital Holdings Inc.

Market Cap

$415M

Technology·Information Technology Services·🇺🇸 United States·NASDAQ

Technology·IT Services·🇺🇸·NASDAQ

Stock Price

$5.17+$0.71 (+15.92%)

Apr 23, 2026

Company Details

Chaince Digital Holdings Inc., a digital fintech company, provides access to the AI-powered infrastructure, blockchain, and digital assets in the United States. The company offers blockchain and digital asset solutions; and AI and HPC infra...

CEO

Shi Qiu

IPO Date

Apr 8, 2015

Website

chaincedigital.com

Key Metrics TTM

Revenue

$3M

+119.5% YoY

Net Income

-$10M

EPS (Diluted)

-$0.17

Free Cash Flow

-$6M

Revenue / Share

$0.05

Gross Margin

28.7%

Operating Margin

-275.9%

Net Margin

-335.1%

FCF Margin

-222.4%

P/S

144.3x

P/E

—

Earnings Reports

FY 2025

Mar 26, 2026

$2M+85.3%EPS -$0.08

Q4 2025

Mar 26, 2026

$1M+185.7%EPS -$0.03

Q2 2025

Dec 10, 2025

$466.6K-9.8%EPS -$0.05

FY 2024

Apr 30, 2025

$1M+125.9%EPS -$0.07

Q4 2024

Apr 30, 2025

$490.3K+145.5%EPS -$0.01

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 12	$14M	$10M	-$19M
Q4 12	$14M	$10M	-$19M
Q4 13	$9M	$7M	-$11M
Q1 14	$6M	$4M	-$10M
Q3 14	$8M	$6M	-$11M
Q4 14	$9M	$8M	-$8M
Q3 19	$580.0K	$464.0K	$377.0K
Q4 21	$664.2K	-$38.5K	-$3M
Q2 22	$783.1K	-$508.7K	-$2M
Q4 22	$80.3K	-$8.5K	-$4M
Q2 23	$246.2K	-$447.2K	-$2M
Q4 23	$199.7K	-$531.2K	-$7M
Q2 24	$517.2K	-$276.4K	-$4M
Q4 24	$490.3K	-$99.1K	-$746.4K
Q2 25	$466.6K	-$189.2K	-$2M
Q4 25	$1M	$1M	-$1M

Valuation

Quarter	P/S	P/E
Q2 12	—	—
Q4 12	—	—
Q4 13	—	—
Q1 14	12.7x	—
Q3 14	14.6x	—
Q4 14	16.6x	—
Q3 19	0.3x	—
Q4 21	2.3x	—
Q2 22	1.0x	—
Q4 22	22.3x	—
Q2 23	64.0x	—
Q4 23	88.6x	—
Q2 24	148.3x	—
Q4 24	372.2x	—
Q2 25	174.5x	—
Q4 25	122.1x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q2 12	-$7M	-$8M
Q4 12	-$7M	-$8M
Q4 13	-$13M	-$14M
Q3 14	-$12M	-$12M
Q4 14	-$8M	-$8M
Q4 21	-$4.0B	-$4.0B
Q2 22	-$53.4K	-$53.4K
Q4 22	-$1M	-$2M
Q2 23	-$2M	-$5M
Q4 23	-$1M	-$1M
Q2 24	-$1M	-$1M
Q4 24	-$2M	-$2M
Q2 25	-$2M	-$2M
Q4 25	-$1M	-$1M

Capital Expenditures

Quarter	CapEx
Q2 12	$575.7K
Q4 12	$575.7K
Q4 13	$302.5K
Q3 14	$66.1K
Q4 14	$178.0K
Q4 21	$178.0K
Q2 22	$0
Q4 22	$7.2K
Q2 23	$3M
Q4 23	$3.8K
Q2 24	$2.6K
Q4 24	$0
Q2 25	$0
Q4 25	$5

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q3 14	-39.4%	-42.0%
Q4 14	-32.2%	-48.6%
Q3 19	-93.3%	-99.0%
Q4 21	-88.0%	-75.2%
Q2 22	-90.7%	-86.9%
Q4 22	-99.1%	-75.6%
Q2 23	-57.5%	+933.2%
Q4 23	-69.9%	+76.9%
Q2 24	-34.0%	+72.5%
Q4 24	+510.2%	-70.4%
Q2 25	+89.5%	+15.0%
Q4 25	+601.3%	-59.6%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q2 12	$969.7K	7.0%
Q4 12	$969.7K	7.0%
Q4 13	$227.6K	2.6%
Q3 14	$417.0K	4.9%
Q4 14	$416.5K	4.4%
Q4 21	$384.9K	57.9%
Q2 22	$356.2K	45.5%
Q4 22	$202.2K	251.7%
Q2 23	$0	0.0%
Q4 23	$77.5K	38.8%
Q2 24	$0	0.0%
Q4 24	$0	0.0%
Q2 25	$0	0.0%
Q4 25	$1M	100.0%

OpEx Breakdown

Quarter	R&D	G&A	S&M	SG&A
Q2 12	—	$24M	$6M	—
Q4 12	—	$24M	$6M	—
Q4 13	—	$13M	$2M	—
Q1 14	—	$11M	$3M	—
Q3 14	—	$14M	$3M	—
Q4 14	—	$13M	$2M	—
Q3 19	—	$87.0K	—	—
Q4 21	—	$1M	—	—
Q2 22	—	$891.0K	$4.0K	—
Q4 22	—	$1M	$35.0K	—
Q2 23	—	$1M	$152.4K	—
Q4 23	—	$1M	$297.5K	—
Q2 24	—	$879.8K	$42.3K	—
Q4 24	—	$1M	$58.1K	—
Q2 25	—	—	—	$2M
Q4 25	$147.3K	$4M	—	—

War Chest

Quarter	Cash	Short-term Investments	Total
Q4 18	$356.7K	$0	$356.7K
Q2 19	$529.0K	$0	$529.0K
Q4 19	$435.2K	$0	$435.2K
Q2 20	$388.0K	$0	$388.0K
Q4 20	$174.8K	$0	$174.8K
Q2 21	$73.0K	$0	$73.0K
Q4 21	$440.6K	$0	$440.6K
Q2 22	$205.0K	$0	$205.0K
Q4 22	$7M	$0	$7M
Q2 23	$14M	$2M	$16M
Q4 23	$16M	$2M	$18M
Q2 24	$14M	$961.4K	$15M
Q4 24	$24M	$957.7K	$25M
Q1 25	$26M	$2M	$27M
Q2 25	$25M	$2M	$27M
Q4 25	$34M	$2M	$36M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 12	160K	—	—
Q4 12	160K	0.0%	—
Q4 13	6M	+3500.0%	—
Q1 14	6M	0.0%	—
Q3 14	760K	-86.8%	+373.7%
Q4 14	760K	0.0%	+373.7%
Q3 19	3M	+311.7%	-45.8%
Q4 21	11M	+249.5%	+89.3%
Q2 22	13M	+17.6%	+1592.6%
Q4 22	16M	+24.5%	+2007.6%
Q2 23	43M	+167.0%	+1266.8%
Q4 23	49M	+14.5%	+347.7%
Q2 24	46M	-6.3%	+256.5%
Q4 24	76M	+65.5%	+373.8%
Q2 25	64M	-16.2%	+48.7%
Q4 25	64M	0.0%	+29.9%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q2 12	—	—
Q4 12	—	—
Q4 13	—	—
Q1 14	—	—
Q3 14	—	—
Q4 14	$3.0K	3K
Q3 19	$7.7K	75
Q4 21	$51.1K	13
Q2 22	$60.2K	13
Q4 22	$8.9K	9
Q2 23	$27.4K	9
Q4 23	$22.2K	9
Q2 24	$57.5K	9
Q4 24	$44.6K	11
Q2 25	$42.4K	11
Q4 25	$107.7K	13

Revenue / Employee