SUIG
SUIG
SUI Group Holdings LimitedIncome Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q4-2025 | $1.92M ▲ | $201.72M ▲ | $-221.8M ▼ | -11.53K% ▼ | $-2.89 ▼ | $-204.2M ▼ |
| Q3-2025 | $1.01M ▼ | $64.68M ▲ | $-44.27M ▼ | -4.37K% ▼ | $-0.72 ▼ | $0 ▼ |
| Q2-2025 | $1.26M ▲ | $316.18K ▼ | $677.03K ▲ | 53.63% ▲ | $0.11 ▲ | $946.34K ▲ |
| Q1-2025 | $940.53K ▲ | $379.78K ▼ | $451.75K ▲ | 48.03% ▲ | $0.07 ▲ | $560.75K ▲ |
| Q4-2024 | $705.27K | $796.88K | $-91.1K | -12.92% | $-0.01 | $-91.61K |
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q4-2025 | $25.35M ▼ | $190.36M ▼ | $20.62M ▼ | $169.74M ▼ |
| Q3-2025 | $51.62M ▲ | $429.15M ▲ | $24.04M ▲ | $405.11M ▲ |
| Q2-2025 | $1.5M ▼ | $20.45M ▲ | $191.09K ▼ | $20.26M ▲ |
| Q1-2025 | $1.75M ▼ | $19.85M ▼ | $269.72K ▼ | $19.58M ▼ |
| Q4-2024 | $6.03M | $20.47M | $715.45K | $19.76M |
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q3-2025 | $-44.27M ▼ | $2.12M ▲ | $-250.23M ▼ | $289.32M ▲ | $41.2M ▲ | $2.12M ▲ |
| Q2-2025 | $677.03K ▲ | $310.24K ▲ | $-562.32K ▼ | $0 ▲ | $-252.08K ▲ | $310.24K ▲ |
| Q1-2025 | $451.75K ▲ | $-3.65M ▼ | $0 | $-630.44K ▼ | $-4.28M ▼ | $-3.65M ▼ |
| Q4-2024 | $-91.1K ▼ | $2.89M ▲ | $0 | $0 | $2.89M ▲ | $2.89M ▲ |
| Q3-2024 | $463.78K | $-2.29M | $0 | $0 | $-2.29M | $-2.29M |
What's strong about this company's cash flow?
Operating and free cash flow improved sharply this quarter, and the company boosted its cash reserves dramatically. Non-cash losses mean the actual cash burn is much lower than the reported net loss.
What are the cash flow concerns?
The company is highly dependent on outside financing to maintain its cash balance, and working capital changes are draining cash. Real profitability is weak, and buybacks may not be sustainable.
Q4 2025 Earnings Call Summary
Read Call Summary5-Year Trend Analysis
A comprehensive look at SUI Group Holdings Limited's financial evolution and strategic trajectory over the past five years.
SUIG combines an asset-light, high-gross-margin financial model with a strengthening balance sheet. It now has no debt, strong liquidity, growing assets and equity, and a unique strategic position as a publicly traded bridge into the Sui blockchain ecosystem. The latest financial year shows that the business can rebound from a difficult period to deliver strong profits and positive cash flow when conditions align and costs are controlled.
The company’s main risks are volatility and concentration. Earnings and cash flows have swung dramatically from year to year, and retained earnings are still negative despite recent improvements. Operational efficiency has been inconsistent, and there is no visible R&D budget to support diversification or long-term product development outside the current niche. Strategically, SUIG is heavily dependent on the fortunes of the Sui blockchain and the broader digital-asset environment, as well as on maintaining key partnerships and navigating regulatory uncertainty in both crypto and capital markets.
The outlook for SUIG is highly leveraged to two factors: the sustainability of its recent financial recovery and the growth of the Sui ecosystem. Its balance sheet and liquidity provide a solid buffer to manage through volatility, and its strategic positioning could be valuable if Sui continues to gain traction and SUIG successfully executes on its “Sui Bank” and stablecoin initiatives. At the same time, the company’s history of uneven performance and its concentration in a fast-changing, high-risk sector mean that future results are likely to remain unpredictable and sensitive to external shocks.
About SUI Group Holdings Limited
https://www.suig.io/SUI Group Holdings Limited, formerly Mill City Ventures III, Ltd., is a company that has shifted its strategic focus to a SUI treasury strategy centered on the Sui blockchain. It aims to be the premier, foundation-backed SUI treasury company, providing institutional-grade exposure to the SUI digital asset.
Income Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q4-2025 | $1.92M ▲ | $201.72M ▲ | $-221.8M ▼ | -11.53K% ▼ | $-2.89 ▼ | $-204.2M ▼ |
| Q3-2025 | $1.01M ▼ | $64.68M ▲ | $-44.27M ▼ | -4.37K% ▼ | $-0.72 ▼ | $0 ▼ |
| Q2-2025 | $1.26M ▲ | $316.18K ▼ | $677.03K ▲ | 53.63% ▲ | $0.11 ▲ | $946.34K ▲ |
| Q1-2025 | $940.53K ▲ | $379.78K ▼ | $451.75K ▲ | 48.03% ▲ | $0.07 ▲ | $560.75K ▲ |
| Q4-2024 | $705.27K | $796.88K | $-91.1K | -12.92% | $-0.01 | $-91.61K |
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q4-2025 | $25.35M ▼ | $190.36M ▼ | $20.62M ▼ | $169.74M ▼ |
| Q3-2025 | $51.62M ▲ | $429.15M ▲ | $24.04M ▲ | $405.11M ▲ |
| Q2-2025 | $1.5M ▼ | $20.45M ▲ | $191.09K ▼ | $20.26M ▲ |
| Q1-2025 | $1.75M ▼ | $19.85M ▼ | $269.72K ▼ | $19.58M ▼ |
| Q4-2024 | $6.03M | $20.47M | $715.45K | $19.76M |
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q3-2025 | $-44.27M ▼ | $2.12M ▲ | $-250.23M ▼ | $289.32M ▲ | $41.2M ▲ | $2.12M ▲ |
| Q2-2025 | $677.03K ▲ | $310.24K ▲ | $-562.32K ▼ | $0 ▲ | $-252.08K ▲ | $310.24K ▲ |
| Q1-2025 | $451.75K ▲ | $-3.65M ▼ | $0 | $-630.44K ▼ | $-4.28M ▼ | $-3.65M ▼ |
| Q4-2024 | $-91.1K ▼ | $2.89M ▲ | $0 | $0 | $2.89M ▲ | $2.89M ▲ |
| Q3-2024 | $463.78K | $-2.29M | $0 | $0 | $-2.29M | $-2.29M |
What's strong about this company's cash flow?
Operating and free cash flow improved sharply this quarter, and the company boosted its cash reserves dramatically. Non-cash losses mean the actual cash burn is much lower than the reported net loss.
What are the cash flow concerns?
The company is highly dependent on outside financing to maintain its cash balance, and working capital changes are draining cash. Real profitability is weak, and buybacks may not be sustainable.
Q4 2025 Earnings Call Summary
Read Call Summary5-Year Trend Analysis
A comprehensive look at SUI Group Holdings Limited's financial evolution and strategic trajectory over the past five years.
SUIG combines an asset-light, high-gross-margin financial model with a strengthening balance sheet. It now has no debt, strong liquidity, growing assets and equity, and a unique strategic position as a publicly traded bridge into the Sui blockchain ecosystem. The latest financial year shows that the business can rebound from a difficult period to deliver strong profits and positive cash flow when conditions align and costs are controlled.
The company’s main risks are volatility and concentration. Earnings and cash flows have swung dramatically from year to year, and retained earnings are still negative despite recent improvements. Operational efficiency has been inconsistent, and there is no visible R&D budget to support diversification or long-term product development outside the current niche. Strategically, SUIG is heavily dependent on the fortunes of the Sui blockchain and the broader digital-asset environment, as well as on maintaining key partnerships and navigating regulatory uncertainty in both crypto and capital markets.
The outlook for SUIG is highly leveraged to two factors: the sustainability of its recent financial recovery and the growth of the Sui ecosystem. Its balance sheet and liquidity provide a solid buffer to manage through volatility, and its strategic positioning could be valuable if Sui continues to gain traction and SUIG successfully executes on its “Sui Bank” and stablecoin initiatives. At the same time, the company’s history of uneven performance and its concentration in a fast-changing, high-risk sector mean that future results are likely to remain unpredictable and sensitive to external shocks.

CEO
Douglas Michael Polinsky
Compensation Summary
(Year )
Upcoming Earnings
ETFs Holding This Stock
Summary
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Ratings Snapshot
Rating : C-
Price Target
Institutional Ownership
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Summary
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