NASDAQ: SUIG
SUI Group Holdings Ltd.CIK 0001425355 · SIC 6199 · Finance Services
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Latest financial statements
From 10-Q filed Nov 6, 2026 (period ending Sep 30, 2026). As printed on the EDGAR/iXBRL face — not generated by the model.
Condensed Statements of Operations (Unaudited)
(In thousands, except for share and per share data)
| Description | Three months ended September 30, 2026 | Three months ended September 30, 2025 | Nine months ended September 30, 2026 | Nine months ended September 30, 2025 |
|---|---|---|---|---|
| Revenues | ||||
| SUI staking revenue | 258 | 1,014 | 1,108 | 1,014 |
| Digital lending interest income | 53 | — | 159 | — |
| Investment income | — | — | — | 1,726 |
| Total Revenues | 311 | 1,014 | 1,267 | 2,740 |
| Operating (Income) Expenses | ||||
| Professional fees | 966 | 517 | 3,060 | 758 |
| Stock-based compensation | 1,891 | 2,262 | 5,832 | 2,262 |
| Asset and strategic management fees | 236 | 438 | 862 | 438 |
| Compensation expense | 468 | 338 | 1,364 | 721 |
| Insurance | 379 | 304 | 1,275 | 328 |
| Unrealized (gain) loss on digital assets and receivable, net | (82,686) | 60,764 | (66,332) | 60,764 |
| Realized loss on digital assets, net | 27,964 | — | 81,729 | — |
| Impairment of digital asset receivable | — | — | 1,367 | — |
| Provision for credit losses | 1,004 | — | 2,074 | — |
| Net realized and unrealized gain on investments | — | — | — | (477) |
| Other general and administrative | 240 | 54 | 437 | 101 |
| Total Operating (Income) Expenses | (49,538) | 64,677 | 31,668 | 64,895 |
| Operating Income (Loss) | 49,849 | (63,663) | (30,401) | (62,155) |
| Other Income (Loss) | ||||
| Investment income | 154 | 1,621 | 979 | 1,621 |
| Net realized and unrealized gain (loss) on investments | (2,405) | 525 | (13,073) | 525 |
| Other income | 92 | — | 330 | — |
| Total Other Income (Loss) | (2,159) | 2,146 | (11,764) | 2,146 |
| Income (Loss) Before Taxes | 47,690 | (61,517) | (42,165) | (60,009) |
| Provision for Income Taxes | — | (17,250) | — | (16,871) |
| Net Income (Loss) | 47,690 | (44,267) | (42,165) | (43,138) |
| Earnings per Share | ||||
| Basic | 0.59 | (0.72) | (0.52) | (1.75) |
| Diluted | 0.59 | (0.72) | (0.52) | (1.75) |
| Weighted-average number of common shares outstanding basic | 80,896,554 | 61,132,687 | 80,896,554 | 24,706,108 |
| Weighted-average number of common shares outstanding diluted | 80,896,554 | 61,132,687 | 80,896,554 | 24,706,108 |
Condensed Balance Sheets
(In thousands, except for share and per share data)
| Description | September 30, 2026 (unaudited) | December 31, 2025 (audited) |
|---|---|---|
| Cash and cash equivalents | 678 | 21,936 |
| Equity investments | 616 | 956 |
| Debt investments | — | 3,414 |
| Interest and dividend receivable, net | — | 758 |
| Digital asset loan receivable, net | — | 1,305 |
| Digital asset receivable, net | — | 29 |
| Prepaid expenses | 1,852 | 1,806 |
| Income tax receivable | 131 | 131 |
| Total current assets | 3,277 | 30,335 |
| Digital assets | 106,271 | 147,415 |
| Digital asset loan receivable, net | 6,006 | 2,306 |
| Digital asset receivable, net | 23,510 | — |
| Debt investments | — | 10,244 |
| Equity investments | 6,030 | — |
| Other assets | 9 | 65 |
| Total Assets | 145,103 | 190,365 |
| Liabilities and Shareholders' Equity | ||
| Current Liabilities | ||
| Accounts payable and other liabilities | 823 | 858 |
| Deferred income | 10,871 | 11,859 |
| Total current liabilities | 11,694 | 12,717 |
| Long Term Liabilities | ||
| Deferred income | — | 7,906 |
| Total long-term liabilities | — | 7,906 |
| Total liabilities | 11,694 | 20,623 |
| Commitments and Contingencies | — | — |
| Shareholders' Equity | ||
| Common stock, par value $0.001 per share (2,000,000,000 authorized; 76,802,872 issued and outstanding) | 77 | 77 |
| Additional paid-in capital | 437,632 | 431,800 |
| Accumulated deficit | (304,300) | (262,135) |
| Total shareholders' equity | 133,409 | 169,742 |
| Total liabilities and shareholders' equity | 145,103 | 190,365 |
Condensed Statements of Cash Flows (Unaudited)
(In thousands, except for share and per share data)
| Description | Nine months ended September 30, 2026 | Nine months ended September 30, 2025 |
|---|---|---|
| Cash flows from operating activities: | ||
| Net loss | (42,165) | (43,138) |
| Adjustments to reconcile net income (loss) to net cash provided (used) | ||
| in operating activities: | ||
| Deferred income taxes | — | (17,922) |
| Unrealized (gain) loss on digital assets and receivable | (66,332) | 60,764 |
| Realized loss on digital assets | 81,729 | — |
| Impairment of digital asset receivable | 1,367 | — |
| Net realized and unrealized loss/(gain) on investments | 13,073 | (1,002) |
| Provision for credit losses | 2,074 | — |
| Staking revenue | (1,108) | (1,014) |
| Digital lending revenue | (159) | — |
| Stock-based compensation | 5,832 | 2,262 |
| Changes in operating assets and liabilities: | ||
| Prepaid expenses | (46) | (1,822) |
| Interest and dividend receivable | (537) | (490) |
| Digital assets receivable | (8) | (14) |
| Other assets | 56 | — |
| Accrued income tax | — | 799 |
| Accounts payable and other liabilities | (35) | (204) |
| Net cash used in operating activities | (6,259) | (1,781) |
| Cash flows from investing activities: | ||
| Purchases of equity securities | (6,030) | — |
| Purchases of investments | — | (8,247) |
| Proceeds from sales and repayments of investments | 924 | 2,004 |
| Purchases of digital assets | (5,763) | (243,986) |
| Sale of digital assets | 5,870 | — |
| Purchases of digital asset receivable | (10,000) | — |
| Net cash used in investing activities | (14,999) | (250,229) |
| Cash flows from financing activities: | ||
| Proceeds from common shares and warrants issued in private offering | — | 312,459 |
| Issuance costs of private offering | — | (21,192) |
| Proceeds from option and warrant exercise | — | 629 |
| Payments for repurchase of common stock | — | (3,209) |
| Net cash provided by financing activities | — | 288,687 |
| Net (decrease) increase in cash and cash equivalents | (21,258) | 36,677 |
| Cash and cash equivalents, beginning of period | 21,936 | 6,026 |
| Cash and cash equivalents, end of period | 678 | 42,703 |
| Supplemental disclosure of cash flow information: | ||
| Cash paid for income taxes | — | — |
| Cash paid for interest | — | — |
| Non-cash investing and financing activities: | ||
| In-kind digital assets contribution for equity and warrants in private offering | — | 137,541 |
| In-kind digital assets acquired | — | (137,541) |
| Transfer of digital assets to digital asset receivable | (11,666) | — |
| Digital asset loan receivable | (2,870) | — |
| Digital asset loan receivable return | 1,023 | — |
Amounts as printed on the EDGAR/iXBRL face — (In thousands, except for share and per share data). Labels, columns, and figures are the filing face, not a GAAP stencil. Interactive statements & notes on EDGAR ↗