XXI Stock Analysis: Twenty One Capital | NYSE
Education & Training Services | NYSE, USA | Market Cap: 1.658m USD | 12M Return: -75.3% | US90138L1098 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 6.29M
Warnings
Tailwinds
Seasonality 2 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Twenty One Capital, Inc. (XXI) is a U.S.-based financial company focused on Bitcoin accumulation and management of its Bitcoin holdings. The firm operates a corporate treasury strategy centered on Bitcoin as a primary reserve asset, while also producing educational content aimed at improving Bitcoin literacy among institutional and retail investors. Listed on the NYSE within the GICS Financials sector (Asset Management & Custody Banks sub-industry), the company represents a publicly traded vehicle whose value is closely tied to the price and supply of Bitcoin, a structure that generally results in higher price volatility than traditional asset managers. The company is headquartered in Austin, Texas.
- Bitcoin price volatility directly drives NAV and stock value
- Capital raises fund accelerated Bitcoin accumulation strategy
- Competition intensifies from MicroStrategy and Bitcoin treasury peers
- Regulatory clarity expands institutional Bitcoin adoption
| Net Income: error (cannot be calculated; needs Net Income TTM and Revenue TTM) |
| FCF/TA: -0.00 > 0.02 and ΔFCF/TA -0.06 > 1.0 |
| NWC/Revenue: error (cannot be calculated; needs Current Assets/Liabilities and Revenue current+prev) |
| CFO/TA -0.00 > 3% & CFO -6.02m > Net Income -1.08b |
| Net Debt/EBITDA: error (EBITDA <= 0) |
| Current Ratio: 25.22 > 1.5 & < 3 |
| Outstanding Shares: last quarter (59.1m) vs 12m ago 361.8% < -2% |
| Gross Margin: error (current vs previous; cannot be calculated due to missing/invalid data or negative margin) |
| Asset Turnover: 0.0% > 50% (prev 0.0%; Δ 0.0% > 0%) |
| Interest Coverage Ratio: -71.03 > 6 (EBIT TTM -24.7m / Interest Expense TTM 347k) |
| A: 0.04 (Total Current Assets 122.7m - Total Current Liabilities 4.87m) / Total Assets 3.07b |
| B: -0.37 (Retained Earnings -1.12b / Total Assets 3.07b) |
| C: -0.02 (EBIT TTM -24.7m / Avg Total Assets 1.59b) |
| D: 5.28 (Book Value of Equity 2.59b / Total Liabilities 489.3m) |
| Altman-Z'' = 4.50 = AA |
As of August 21, 2026, the stock is trading at USD 6.19 with a total of 3,031,665 shares traded. Over the past week, the price has changed by +23.80%, over one month by +16.35%, over three months by -20.54% and over the past year by -75.28%.
Current recommended Stop Loss: 5.50 (which is 11.1% or 2.1 ATR below the current price).
Twenty One Capital has no consensus analysts rating.
Revenue TTM = 0.0 USD
EBIT TTM = -24.7m USD
EBITDA TTM = -24.7m USD
Long Term Debt = 484.4m USD (from longTermDebt, last quarter)
Short Term Debt = unknown (none)
Debt = 484.4m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 370.4m USD (calculated: Debt 484.4m - CCE 114.1m)
Enterprise Value = 2.03b USD (1.66b + Debt 484.4m - CCE 114.1m)
Interest Coverage Ratio = -71.03 (Ebit TTM -24.7m / Interest Expense TTM 347k)
EV/FCF = -337.2x (Enterprise Value 2.03b / FCF TTM -6.02m)
FCF Yield = -0.30% (FCF TTM -6.02m / Enterprise Value 2.03b)
FCF Margin = unknown (Revenue TTM is 0 or missing)
Net Margin = unknown
Gross Margin = unknown ((Revenue TTM 0.0 - Cost of Revenue TTM 0.0) / Revenue TTM)
Tobins Q-Ratio = 0.66 (Enterprise Value 2.03b / Total Assets 3.07b)
Interest Expense / Debt = 0.07% (Interest Expense 347k / Debt 484.4m)
Taxrate = 21.0% (US federal default 21%)
NOPAT = -19.5m (EBIT -24.7m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 25.22 (Total Current Assets 122.7m / Total Current Liabilities 4.87m)
Debt / Equity = 0.19 (Debt 484.4m / totalStockholderEquity, last quarter 2.59b)
Debt / EBITDA = -15.01 (negative EBITDA) (Net Debt 370.4m / EBITDA -24.7m)
Debt / FCF = -61.57 (negative FCF - burning cash) (Net Debt 370.4m / FCF TTM -6.02m)
Total Stockholder Equity = 1.51b (last 4 quarters mean from totalStockholderEquity)
RoA = -67.82% (Net Income -1.08b / Total Assets 3.07b)
RoE = -71.60% (Net Income TTM -1.08b / Total Stockholder Equity 1.51b)
RoCE = -1.24% (EBIT -24.7m / Capital Employed (Equity 1.51b + L.T.Debt 484.4m))
RoIC = -0.64% (negative operating profit) (NOPAT -19.5m / Invested Capital 3.07b)
WACC = 12.07% (E(1.66b)/V(2.14b) * Re(15.58%) + D(484.4m)/V(2.14b) * Rd(0.07%) * (1-Tc(0.21)))
Discount Rate = 15.58% (= CAPM, Blume Beta Adj.) -> capped to 13.17%
Shares (quarterly) Correlation: 70.28 | Cagr: 97.38%
[DCF] Fair Price = unknown (Cash Flow -6.02m)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: N/A | # QB: 0
Revenue Correlation: N/A | Revenue CAGR: N/A | SUE: N/A | # QB: 0