Key Takeaways
- • ThreeD Capital Inc. (CSE:IDK / OTCQX:IDKFF) reported cash, investments and digital assets of $17.6 million as at June 30, 2026, per its audited annual results.
- • Net asset value per share fell to $0.20 from $0.40 a year earlier, a 50% decline.
- • The company posted a net loss of $12.8 million for fiscal 2026, down from $18.9 million in fiscal 2025, driven by $10.0 million in net investment and digital asset losses.
- • Chairman and CEO Sheldon Inwentash attributed the year to declining fair values across several portfolio holdings and digital assets, and to a strategic decision to exit certain positions.
- • Total assets declined to $19.7 million from $31.4 million, while the accumulated deficit widened to $139.4 million.
Summary
ThreeD Capital Inc., a Toronto-based venture capital firm focused on opportunistic investments in junior resources and disruptive technologies, released audited results for the year ended June 30, 2026, on October 27, 2026 via GlobeNewswire. As at June 30, 2026, the company held cash, investments and digital assets totaling $17.6 million, and net asset value per share was $0.20, compared with $0.40 as at June 30, 2025. The company's NAV is a non-GAAP measure, calculated as total assets less total liabilities divided by common shares outstanding.
The company reported a net loss of $12,838,706 for the year, compared with $18,852,413 in the prior year. Net investment and digital asset losses totaled $9,966,886, versus $15,988,380 in fiscal 2025, while operating, general and administrative expenses were $3,251,992, down from $3,717,125. Loss per common share was $0.14, compared with $0.29 a year earlier.
On the balance sheet, investments at fair value fell to $16,345,589 from $25,603,448, and digital assets at fair value declined to $1,072,671 from $3,214,059. Cash rose to $210,275 from $5,286. Total assets were $19,690,718 and total liabilities were $818,807. The accumulated deficit increased to $139,420,311 from $126,581,605.
Sheldon Inwentash, Chairman and CEO, described fiscal 2026 as "a challenging year," citing declines in the fair value of several investment portfolio holdings and digital assets. He said the company made a strategic decision to exit certain investment positions and redeploy capital into opportunities it believes offer higher return prospects, with continued focus on sectors with significant growth potential. The Canadian Securities Exchange has neither approved nor disapproved the release.
The company reported a net loss of $12,838,706 for the year, compared with $18,852,413 in the prior year. Net investment and digital asset losses totaled $9,966,886, versus $15,988,380 in fiscal 2025, while operating, general and administrative expenses were $3,251,992, down from $3,717,125. Loss per common share was $0.14, compared with $0.29 a year earlier.
On the balance sheet, investments at fair value fell to $16,345,589 from $25,603,448, and digital assets at fair value declined to $1,072,671 from $3,214,059. Cash rose to $210,275 from $5,286. Total assets were $19,690,718 and total liabilities were $818,807. The accumulated deficit increased to $139,420,311 from $126,581,605.
Sheldon Inwentash, Chairman and CEO, described fiscal 2026 as "a challenging year," citing declines in the fair value of several investment portfolio holdings and digital assets. He said the company made a strategic decision to exit certain investment positions and redeploy capital into opportunities it believes offer higher return prospects, with continued focus on sectors with significant growth potential. The Canadian Securities Exchange has neither approved nor disapproved the release.
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