CNTN
CNTN
Canton Strategic Holdings IncIncome Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q1-2026 | $0 | $36.87M ▲ | $-47.34M ▼ | 0% | $-0.23 ▼ | $-47.34M ▼ |
| Q4-2025 | $0 | $13.61M ▲ | $-29.42M ▼ | 0% | $0.85 ▲ | $-13.61M ▼ |
| Q3-2025 | $0 | $2.09M ▲ | $-2.1M ▼ | 0% | $-0.34 ▲ | $-2.09M ▼ |
| Q2-2025 | $0 | $1.85M ▼ | $-1.86M ▲ | 0% | $-0.64 ▲ | $-1.85M ▲ |
| Q1-2025 | $0 | $2.55M | $-2.54M | 0% | $-0.99 | $-2.53M |
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q1-2026 | $41.53M ▲ | $584.65M ▲ | $114.86M ▼ | $469.8M ▲ |
| Q4-2025 | $17.03M ▲ | $519.15M ▲ | $121.22M ▲ | $397.93M ▲ |
| Q3-2025 | $7.61M ▲ | $7.7M ▲ | $1.54M ▼ | $6.15M ▲ |
| Q2-2025 | $2.24M ▲ | $2.53M ▲ | $2.16M ▼ | $367.36K ▲ |
| Q1-2025 | $1.08M | $1.66M | $2.48M | $-814.67K |
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q1-2026 | $-47.34M ▼ | $-7.64M ▲ | $-54.82M ▲ | $86.96M ▼ | $24.5M ▲ | $-7.64M ▲ |
| Q4-2025 | $-29.42M ▼ | $-10.44M ▼ | $-77.57M ▼ | $97.44M ▲ | $9.42M ▲ | $-10.44M ▼ |
| Q3-2025 | $-2.1M ▼ | $-1.86M ▼ | $0 | $7.22M ▲ | $5.37M ▲ | $-1.86M ▼ |
| Q2-2025 | $-1.86M ▲ | $-1.14M ▲ | $0 | $2.31M ▲ | $1.17M ▲ | $-1.14M ▲ |
| Q1-2025 | $-2.54M | $-2.69M | $0 | $205.57K | $-2.48M | $-2.69M |
5-Year Trend Analysis
A comprehensive look at Canton Strategic Holdings Inc's financial evolution and strategic trajectory over the past five years.
Key strengths include a debt-free, cash-backed balance sheet; strong short-term liquidity; and substantial equity capital already in place. Strategically, CNTN benefits from a unique first-mover role in the Canton Network, a high-profile private capital infusion, experienced leadership across finance and biotech, and a biotech pipeline focused on differentiated delivery of established therapeutic concepts. These factors give it both financial and strategic runway to pursue its dual-pronged vision.
Major risks stem from the absence of revenue, significant ongoing losses, and negative operating cash flow, which together create dependence on external financing until monetization improves. The business model is complex, spanning two high-risk sectors, each with its own regulatory, competitive, and technological uncertainties. Digital-asset values and institutional adoption patterns can be volatile, while biotech programs face clinical and regulatory hurdles and are still years away from potential commercialization. The accumulated losses on the balance sheet highlight how much capital has already been consumed without yet achieving commercial traction.
The outlook is highly speculative and execution-dependent. Over the near term, financial results will likely remain loss-making while the company focuses on building out the Canton Network ecosystem and advancing its biotech assets through key preclinical and clinical milestones. If institutional adoption of the network accelerates and the biotech programs deliver strong data, CNTN could transition from a capital-consuming story to one with identifiable revenue pathways. Until then, its trajectory will be shaped by development progress, regulatory developments, market sentiment toward digital assets, and its ability to manage cash burn against its available capital base.
About Canton Strategic Holdings Inc
https://www.cantonstrategic.comCanton Strategic Holdings Inc., which was formerly known as Tharimmune, Inc. until its name change in February 2026, focuses on two primary areas. The company is committed to promoting the institutional integration of blockchain technology and fostering the digitization of financial markets, primarily by leveraging Canton Coin and offering support to the Canton network.
Income Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q1-2026 | $0 | $36.87M ▲ | $-47.34M ▼ | 0% | $-0.23 ▼ | $-47.34M ▼ |
| Q4-2025 | $0 | $13.61M ▲ | $-29.42M ▼ | 0% | $0.85 ▲ | $-13.61M ▼ |
| Q3-2025 | $0 | $2.09M ▲ | $-2.1M ▼ | 0% | $-0.34 ▲ | $-2.09M ▼ |
| Q2-2025 | $0 | $1.85M ▼ | $-1.86M ▲ | 0% | $-0.64 ▲ | $-1.85M ▲ |
| Q1-2025 | $0 | $2.55M | $-2.54M | 0% | $-0.99 | $-2.53M |
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q1-2026 | $41.53M ▲ | $584.65M ▲ | $114.86M ▼ | $469.8M ▲ |
| Q4-2025 | $17.03M ▲ | $519.15M ▲ | $121.22M ▲ | $397.93M ▲ |
| Q3-2025 | $7.61M ▲ | $7.7M ▲ | $1.54M ▼ | $6.15M ▲ |
| Q2-2025 | $2.24M ▲ | $2.53M ▲ | $2.16M ▼ | $367.36K ▲ |
| Q1-2025 | $1.08M | $1.66M | $2.48M | $-814.67K |
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q1-2026 | $-47.34M ▼ | $-7.64M ▲ | $-54.82M ▲ | $86.96M ▼ | $24.5M ▲ | $-7.64M ▲ |
| Q4-2025 | $-29.42M ▼ | $-10.44M ▼ | $-77.57M ▼ | $97.44M ▲ | $9.42M ▲ | $-10.44M ▼ |
| Q3-2025 | $-2.1M ▼ | $-1.86M ▼ | $0 | $7.22M ▲ | $5.37M ▲ | $-1.86M ▼ |
| Q2-2025 | $-1.86M ▲ | $-1.14M ▲ | $0 | $2.31M ▲ | $1.17M ▲ | $-1.14M ▲ |
| Q1-2025 | $-2.54M | $-2.69M | $0 | $205.57K | $-2.48M | $-2.69M |
5-Year Trend Analysis
A comprehensive look at Canton Strategic Holdings Inc's financial evolution and strategic trajectory over the past five years.
Key strengths include a debt-free, cash-backed balance sheet; strong short-term liquidity; and substantial equity capital already in place. Strategically, CNTN benefits from a unique first-mover role in the Canton Network, a high-profile private capital infusion, experienced leadership across finance and biotech, and a biotech pipeline focused on differentiated delivery of established therapeutic concepts. These factors give it both financial and strategic runway to pursue its dual-pronged vision.
Major risks stem from the absence of revenue, significant ongoing losses, and negative operating cash flow, which together create dependence on external financing until monetization improves. The business model is complex, spanning two high-risk sectors, each with its own regulatory, competitive, and technological uncertainties. Digital-asset values and institutional adoption patterns can be volatile, while biotech programs face clinical and regulatory hurdles and are still years away from potential commercialization. The accumulated losses on the balance sheet highlight how much capital has already been consumed without yet achieving commercial traction.
The outlook is highly speculative and execution-dependent. Over the near term, financial results will likely remain loss-making while the company focuses on building out the Canton Network ecosystem and advancing its biotech assets through key preclinical and clinical milestones. If institutional adoption of the network accelerates and the biotech programs deliver strong data, CNTN could transition from a capital-consuming story to one with identifiable revenue pathways. Until then, its trajectory will be shaped by development progress, regulatory developments, market sentiment toward digital assets, and its ability to manage cash burn against its available capital base.

CEO
Mark Wendland
Compensation Summary
(Year 2024)
Split Record
| Date | Type | Ratio |
|---|---|---|
| 2024-05-28 | Reverse | 1:15 |
| 2023-11-21 | Reverse | 1:25 |
ETFs Holding This Stock
Summary
Showing Top 3 of 11
Ratings Snapshot
Rating : C
Price Target
Institutional Ownership
ARK INVESTMENT MANAGEMENT LLC
Shares:3.7M
Value:$8.83M
VALOR MANAGEMENT LLC
Shares:1.08M
Value:$2.59M
BLACKROCK, INC.
Shares:765.83K
Value:$1.83M
Summary
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