Perpetuals.com Ltd
PDC · Services-Computer Programming Services · EDGAR filings ↗
Reference price $8.20 — last insider purchase, 2026-05-05 (estimated from the dated SEC Form 4 price — not a live quote)
Grade
D40Blockchain/crypto micro-cap with deep losses and heavy cash burn; reported gross margin is an artifact.
Strengths
- Cash-box balance sheet — current ratio 247 (100th)
Risks
- Deep losses, heavy burn — operating margin -56%, FCF -$192M (4th)
- Reported gross margin is an artifact — per metrics
- Crypto-market/strategy uncertainty — per 10-K
Notable findings
- No interest coverageInterest coverage -138.83 (cannot cover interest)
- Net lossNet loss (net margin -58.3%)
- Cash burnNegative free cash flow (-1.3M)
- Notable holderHeld by 1 notable fund(s): RENAISSANCE TECHNOLOGIES LLC (as of 2025-09-30)
Key metrics
Gross margin
51.6%
Operating margin
-55.8%
Net margin
-58.3%
Return on equity
-346.8%
Return on assets
-134.7%
ROIC
-180.0%
Revenue growth (QoQ)
160.5%
Debt / equity
0.5×
Interest coverage
-138.8×
Current ratio
1.7×
Free cash flow
-$1M
EBITDA
-$2M
Tangible book value
$445K
Cash & investments
$754K
Cash runway
2q
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-05-05 | Hilmer Michael Anthony | Buy | 500 | $8.20 |
| 2026-05-04 | Hilmer Michael Anthony | Buy | 500 | $7.97 |
| 2026-05-04 | Hilmer Michael Anthony | Buy | 3.0K | $8.14 |
All non-derivative Form 4 activity (SEC), newest first.
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 20-F | 2025-08-27 | 2025-04-30 | 0001213900-25-081217 ↗ |
| 20-F | 2024-08-26 | 2024-04-30 | 0001213900-24-072587 ↗ |
| 20-F | 2023-09-15 | 2023-04-30 | 0001213900-23-077074 ↗ |