Chaince Digital Holdings Inc Financials

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2024 Currency USD FYE December

This page shows Chaince Digital Holdings Inc (CD) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 13 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 55/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Chaince Digital Holdings Inc has an operating margin of -458.3%, meaning the company retains $-458 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is up from -1906.0% the prior year.

Growth

100

Chaince Digital Holdings Inc's revenue surged 125.9% year-over-year to $1.0M, reflecting rapid business expansion. This strong growth earns a score of 100/100.

Leverage

Chaince Digital Holdings Inc carries a low D/E ratio of 0.48, meaning only $0.48 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 93/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

With a current ratio of 2.59, Chaince Digital Holdings Inc holds $2.59 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 84/100.

Cash Flow

While Chaince Digital Holdings Inc generated -$3.6M in operating cash flow, capex of $3K consumed most of it, leaving -$3.6M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.

Piotroski F-Score Neutral

5/9

Chaince Digital Holdings Inc passes 5 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Low Quality

0.79x

For every $1 of reported earnings, Chaince Digital Holdings Inc generates $0.79 in operating cash flow (-$3.6M OCF vs -$4.5M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Interest Coverage At Risk

-22.6x

Chaince Digital Holdings Inc earns $-22.6 in operating income for every $1 of interest expense (-$4.6M vs $204K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Revenue

$1.0M

YoY+125.9%

5Y CAGR-10.3%

10Y CAGR-28.8%

Chaince Digital Holdings Inc generated $1.0M in revenue in fiscal year 2024. This represents an increase of 125.9% from the prior year.

EBITDA

-$3.9M

YoY+48.1%

Chaince Digital Holdings Inc's EBITDA was -$3.9M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 48.1% from the prior year.

Free Cash Flow

-$3.6M

YoY-28.1%

Chaince Digital Holdings Inc generated -$3.6M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 28.1% from the prior year.

Net Income

-$4.5M

YoY+51.5%

Chaince Digital Holdings Inc reported -$4.5M in net income in fiscal year 2024. This represents an increase of 51.5% from the prior year.

EPS (Diluted)

$-0.07

YoY+65.0%

Chaince Digital Holdings Inc earned $-0.07 per diluted share (EPS) in fiscal year 2024. This represents an increase of 65.0% from the prior year.

Cash & Debt

$23.9M

YoY+48.4%

5Y CAGR+122.8%

10Y CAGR+30.7%

Chaince Digital Holdings Inc held $23.9M in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

62M

YoY+2.4%

Chaince Digital Holdings Inc had 62M shares outstanding in fiscal year 2024. This represents an increase of 2.4% from the prior year.

Gross Margin

-37.3%

YoY+182.1pp

5Y CAGR-122.5pp

10Y CAGR-113.9pp

Chaince Digital Holdings Inc's gross margin was -37.3% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 182.1 percentage points from the prior year.

Operating Margin

-458.3%

YoY+1447.7pp

5Y CAGR-500.9pp

10Y CAGR-443.9pp

Chaince Digital Holdings Inc's operating margin was -458.3% in fiscal year 2024, reflecting core business profitability. This is up 1447.7 percentage points from the prior year.

Net Margin

-450.1%

YoY+1648.3pp

5Y CAGR-379.6pp

10Y CAGR-304.3pp

Chaince Digital Holdings Inc's net profit margin was -450.1% in fiscal year 2024, showing the share of revenue converted to profit. This is up 1648.3 percentage points from the prior year.

Return on Equity

N/A

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$3K

YoY-31.4%

10Y CAGR-41.8%

Chaince Digital Holdings Inc invested $3K in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 31.4% from the prior year.

CD Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$1.0M+125.9%	$446K-48.4%	$863K+28.8%	$670K-52.2%	$1.4M-19.3%	$1.7M
Cost of Revenue	$1.4M-2.9%	$1.4M+3.2%	$1.4M+96.5%	$703K+787.8%	$79K-69.2%	$257K
Gross Profit	-$376K+61.6%	-$978K-89.2%	-$517K-1490.9%	-$33K-102.5%	$1.3M-10.7%	$1.5M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$2.1M-17.0%	$2.5M+16.7%	$2.2M-79.2%	$10.4M+795.0%	$1.2M+56.2%	$741K
Operating Income	-$4.6M+45.7%	-$8.5M-44.4%	-$5.9M+55.8%	-$13.3M-1889.7%	-$669K-190.3%	$740K
Interest Expense	$204K+204.1%	-$196K-3930.7%	$5K+372.6%	$1K-86.4%	$8K	$0
Income Tax	$337K+471.2%	-$91K+63.5%	-$249K	$0	$0	$0
Net Income	-$4.5M+51.5%	-$9.4M-66.1%	-$5.6M+74.0%	-$21.7M-1212.1%	-$1.7M-34.8%	-$1.2M
EPS (Diluted)	$-0.07+65.0%	$-0.20+48.7%	$-0.39	$-2.23-792.0%	$-0.25	$0.00

Metric	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18	Q4'17
Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

CD Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$35.7M+17.4%	$30.4M+60.9%	$18.9M+109.5%	$9.0M-17.7%	$11.0M+23.6%	$8.9M
Current Assets	$30.0M+26.7%	$23.7M+215.3%	$7.5M+331.5%	$1.7M-29.5%	$2.5M+15.8%	$2.1M
Cash & Equivalents	$23.9M+48.4%	$16.1M+116.4%	$7.4M+1590.0%	$441K+152.1%	$175K-59.8%	$435K
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	$0	$0-100.0%	$1.5M-7.3%	$1.6M
Goodwill	N/A	N/A	N/A	$0-100.0%	$8.1M+46.6%	$5.5M
Total Liabilities	$11.6M-7.6%	$12.6M+508.6%	$2.1M+50.5%	$1.4M+93.6%	$708K-15.3%	$837K
Current Liabilities	$11.6M-5.7%	$12.3M+758.9%	$1.4M+4.2%	$1.4M+93.6%	$708K-15.3%	$837K
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$24.1M+35.1%	$17.8M+6.0%	$16.8M+120.1%	$7.6M-25.4%	$10.3M+27.6%	$8.0M
Retained Earnings	-$680.4M-0.6%	-$676.7M-1.4%	-$667.3M-0.9%	-$661.7M-3.4%	-$640.0M-0.3%	-$638.4M

Metric	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18	Q4'17
Total Assets	$35.7M+17.4%	$30.4M+60.9%	$18.9M+109.5%	$9.0M-17.7%	$11.0M+23.6%	$8.9M+76.6%	$5.0M-96.3%	$134.2M
Current Assets	$30.0M+26.7%	$23.7M+215.3%	$7.5M+331.5%	$1.7M-29.5%	$2.5M+15.8%	$2.1M-53.8%	$4.6M-61.8%	$12.1M
Cash & Equivalents	$23.9M+48.4%	$16.1M+116.4%	$7.4M+1590.0%	$441K+152.1%	$175K-59.8%	$435K+36441.6%	$1K-94.0%	$20K
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	$586K+8.7%	$539K
Accounts Receivable	N/A	N/A	$0	$0-100.0%	$1.5M-7.3%	$1.6M	$0	$0
Goodwill	N/A	N/A	N/A	$0-100.0%	$8.1M+46.6%	$5.5M	$0	$0
Total Liabilities	$11.6M-7.6%	$12.6M+508.6%	$2.1M+50.5%	$1.4M+93.6%	$708K-15.3%	$837K-96.9%	$27.2M-11.1%	$30.6M
Current Liabilities	$11.6M-5.7%	$12.3M+758.9%	$1.4M+4.2%	$1.4M+93.6%	$708K-15.3%	$837K-95.9%	$20.3M-2.6%	$20.8M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$24.1M+35.1%	$17.8M+6.0%	$16.8M+120.1%	$7.6M-25.4%	$10.3M+27.6%	$8.0M+136.2%	-$22.2M-121.4%	$103.5M
Retained Earnings	-$680.4M-0.6%	-$676.7M-1.4%	-$667.3M-0.9%	-$661.7M-3.4%	-$640.0M-0.3%	-$638.4M-0.2%	-$637.1M-24.0%	-$513.9M

CD Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	-$3.6M-28.1%	-$2.8M-79.8%	-$1.6M-9.9%	-$1.4M-132.9%	-$606K+6.0%	-$645K
Capital Expenditures	$3K-31.4%	$4K-47.3%	$7K	$0	$0	N/A
Free Cash Flow	-$3.6M-28.1%	-$2.8M-79.2%	-$1.6M-10.5%	-$1.4M-132.9%	-$606K	N/A
Investing Cash Flow	$3.8M+148.4%	-$7.8M-936.9%	$937K	$0-100.0%	$144-100.0%	$588K
Financing Cash Flow	$7.6M-60.7%	$19.3M+150.0%	$7.7M+360.6%	$1.7M+458.7%	$300K	$0
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18	Q4'17
Operating Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

CD Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	-37.3%+182.1pp	-219.4%-159.5pp	-59.9%-55.0pp	-4.9%-99.2pp	94.4%+9.2pp	85.2%
Operating Margin	-458.3%+1447.7pp	-1906.0%-1224.4pp	-681.6%+1303.9pp	-1985.5%-1937.8pp	-47.7%-90.3pp	42.6%
Net Margin	-450.1%+1648.3pp	-2098.4%-1445.7pp	-652.6%+2580.2pp	-3232.9%-3115.1pp	-117.8%-47.3pp	-70.5%
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	-12.7%+18.1pp	-30.8%-1.0pp	-29.8%+210.4pp	-240.2%-225.2pp	-15.1%-1.3pp	-13.8%
Current Ratio	2.59+0.7	1.93-3.3	5.26+4.0	1.27-2.2	3.49+0.9	2.55
Debt-to-Equity	0.48-0.2	0.70+0.6	0.12-0.1	0.18+0.1	0.07-0.0	0.10
FCF Margin	-355.0%+271.3pp	-626.4%-445.9pp	-180.5%+30.0pp	-210.6%-167.3pp	-43.2%	N/A

Metric	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18	Q4'17
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Current Ratio	2.59+0.7	1.93-3.3	5.26+4.0	1.27-2.2	3.49+0.9	2.55+2.3	0.23-0.4	0.58
Debt-to-Equity	0.48-0.2	0.70+0.6	0.12-0.1	0.18+0.1	0.07-0.0	0.10+1.3	-1.23-1.5	0.30
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Frequently Asked Questions

What is Chaince Digital Holdings Inc's annual revenue?

Chaince Digital Holdings Inc (CD) reported $1.0M in total revenue for fiscal year 2024. This represents a 125.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Chaince Digital Holdings Inc's revenue growing?

Chaince Digital Holdings Inc (CD) revenue grew by 125.9% year-over-year, from $446K to $1.0M in fiscal year 2024.

Is Chaince Digital Holdings Inc profitable?

No, Chaince Digital Holdings Inc (CD) reported a net income of -$4.5M in fiscal year 2024, with a net profit margin of -450.1%.

What is Chaince Digital Holdings Inc's earnings per share (EPS)?

Chaince Digital Holdings Inc (CD) reported diluted earnings per share of $-0.07 for fiscal year 2024. This represents a 65.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is Chaince Digital Holdings Inc's EBITDA?

Chaince Digital Holdings Inc (CD) had EBITDA of -$3.9M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

What is Chaince Digital Holdings Inc's gross margin?

Chaince Digital Holdings Inc (CD) had a gross margin of -37.3% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

What is Chaince Digital Holdings Inc's operating margin?

Chaince Digital Holdings Inc (CD) had an operating margin of -458.3% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is Chaince Digital Holdings Inc's net profit margin?

Chaince Digital Holdings Inc (CD) had a net profit margin of -450.1% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is Chaince Digital Holdings Inc's free cash flow?

Chaince Digital Holdings Inc (CD) generated -$3.6M in free cash flow during fiscal year 2024. This represents a -28.1% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Chaince Digital Holdings Inc's operating cash flow?

Chaince Digital Holdings Inc (CD) generated -$3.6M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Chaince Digital Holdings Inc's total assets?

Chaince Digital Holdings Inc (CD) had $35.7M in total assets as of fiscal year 2024, including both current and long-term assets.

What are Chaince Digital Holdings Inc's capital expenditures?

Chaince Digital Holdings Inc (CD) invested $3K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How many shares does Chaince Digital Holdings Inc have outstanding?

Chaince Digital Holdings Inc (CD) had 62M shares outstanding as of fiscal year 2024.

What is Chaince Digital Holdings Inc's current ratio?

Chaince Digital Holdings Inc (CD) had a current ratio of 2.59 as of fiscal year 2024, which is generally considered healthy.

What is Chaince Digital Holdings Inc's debt-to-equity ratio?

Chaince Digital Holdings Inc (CD) had a debt-to-equity ratio of 0.48 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Chaince Digital Holdings Inc's return on assets (ROA)?

Chaince Digital Holdings Inc (CD) had a return on assets of -12.7% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Chaince Digital Holdings Inc's cash runway?

Based on fiscal year 2024 data, Chaince Digital Holdings Inc (CD) had $23.9M in cash against an annual operating cash burn of $3.6M. This gives an estimated cash runway of approximately 80 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

What is Chaince Digital Holdings Inc's Piotroski F-Score?

Chaince Digital Holdings Inc (CD) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Chaince Digital Holdings Inc's earnings high quality?

Chaince Digital Holdings Inc (CD) has an earnings quality ratio of 0.79x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Chaince Digital Holdings Inc cover its interest payments?

Chaince Digital Holdings Inc (CD) has an interest coverage ratio of -22.6x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Chaince Digital Holdings Inc?

Chaince Digital Holdings Inc (CD) scores 55 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.