Canton Strategic Holdings, Inc.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 09/30/22 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Research and development | $3.1M | $6.4M | $3.6M | $2.3M | — |
| Operating expenses | $20.1M | $12.4M | $9.5M | $6.9M | — |
| Operating income | -$20.1M | -$12.4M | -$9.5M | -$6.9M | — |
| Interest expense | $28,345 | $13,684 | $16,505 | $1.6M | — |
| Pretax income | -$42.1M | -$12.2M | — | — | — |
| Income tax expense | -$6.2M | — | $0 | $0 | — |
| Net income | -$35.9M | -$12.2M | -$9.3M | -$8.5M | — |
| Balance Sheet | |||||
| Cash and equivalents | — | — | $10.9M | $6.5M | — |
| Current assets | $17.4M | $3.7M | $10.9M | $6.7M | $8.0M |
| Total assets | $519.1M | $3.7M | $10.9M | $6.7M | $8.0M |
| Current liabilities | $3.3M | $2.4M | $1.8M | $1.1M | $902,348 |
| Total liabilities | $121.2M | $2.4M | $1.8M | $1.1M | $902,348 |
| Stockholders' equity | $397.9M | $1.3M | $9.1M | $5.5M | $7.1M |
| Cash Flow Statement | |||||
| Cash from operations | -$16.1M | -$10.9M | -$7.3M | -$6.6M | — |
| Stock-based compensation | $2.9M | $710,313 | $831,862 | $800,696 | — |
| Share repurchases | — | — | — | $69,965 | — |
Shares outstanding 69.8M · Free float 90.0%
Annual filing data through FY ended December 31, 2025; float as of July 16, 2026.