CDNasdaqFinance ServicesUS GAAP · USD

Chaince Digital Holdings Inc.

Chaince Digital Holdings Inc. is a U.S.-based financial services and advisory company organized around broker-dealer, investment banking, and consulting activities. Its operating businesses are conducted primarily through Chaince Securities, Inc., Chaince Securities, LLC, and affiliated entities in the United States, Hong Kong, and China.

Ask about the company
Revenue1.9m USD
+85.3 %y/y
Operating profit (EBIT)-3.8m USD
+18.3 %y/y
EBIT margin-202.0%
+256.2 ppy/y
Net income-5.1m USD
−12.4 %y/y
Free cash flow-2.4m USD
+32.6 %y/y

Fiscal year 2025 · change from previous year

Development 2020–2025

-15-10-505m USD2020: 1.5 m USD2020: EBIT -1.6 m USD20202021: 0.67 m USD2021: EBIT -13 m USD20212022: 0.86 m USD2022: EBIT -5.9 m USD20222023: 0.45 m USD2023: EBIT -8.5 m USD20232024: 1.0 m USD2024: EBIT -4.6 m USD20242025: 1.9 m USD2025: EBIT -3.8 m USD20251.9-3.8
RevenueOperating profit (EBIT)
Ask Clarifo about Chaince Digital Holdings Inc.

Business

Share of revenue
Investment banking and capital markets advisory45 %

Advisory services for issuers raising capital or accessing U.S. capital markets.

Transaction execution and brokerage-related services25 %

Broker-dealer execution, placement, and related capital markets services.

Business consulting and corporate advisory20 %

Corporate restructuring, strategic consulting, and professional advisory work.

Referral and other advisory services10 %

Ancillary referral-based and other financial services engagements.

Products

Reported · share of revenue
51.0%44.5%FY2024100 %
  • Distributed Storage and Computing Services51.0 %
  • Business Consultation Services44.5 %
  • Other Services4.5 %

Source: 20-F FY2024, revenue the company reports per product line (SEC XBRL). Shares are of the lines shown and add up to 100 %.

Customers

The company serves companies seeking securities offerings and other capital markets access, especially emerging issuers and clients pursuing IPO-related or non-IPO advisory work. It also works with institutional investors and high-net-worth individuals through brokerage-related and investment solutions, while its Asia-Pacific advisory business serves clients needing capital markets, restructuring, and corporate consulting support.

Emerging issuers

Companies preparing securities offerings and capital raising transactions in U.S. markets.

IPO and non-IPO advisory clients

Issuers and sponsors buying advisory, execution, and consulting services for market entry or financing.

Institutional investors

Professional investors using transaction execution and brokerage-related services.

High-net-worth individuals

Wealthy clients seeking brokerage-related and investment solutions.

Asia-Pacific corporate clients

Clients in Hong Kong and China buying capital markets advisory and restructuring support.

Strategy

The company’s strategy is to expand its financial services platform and deepen its client base across IPO-related and non-IPO advisory work. It is also building a broader mix of services, combining U.S. capital markets execution with Asia-Pacific consulting and restructuring capabilities.

Grow capital markets advisory activityShort term

Advisory and execution work are the core revenue engines and support client acquisition.

Broaden service mixMedium term

A wider mix reduces dependence on any single transaction type and improves client retention.

Develop cross-border advisory capabilitiesMedium term

Asia-Pacific operations can support clients needing U.S. and regional market expertise.

Geography

The company’s core operating base is in the United States, where its broker-dealer and investment advisory activities are centered and where most client activity is conducted. It also maintains advisory operations in Hong Kong and China through Ucon Capital (HK) Limited and Chaince (Shenzhen) Consulting Co., Ltd., giving it exposure to Asia-Pacific capital markets and cross-border advisory work.

Risks

The business depends on transaction flow, client activity, and access to capital markets, so revenue can vary with market conditions and issuer demand. It also faces regulatory and compliance risk as a FINRA-registered broker-dealer and RIA, plus cross-border execution risk from operating in the U.S., Hong Kong, and China.

Sorted by severity
Capital markets cyclicalityHigh

Investment banking, IPO advisory, and execution services depend on market windows and client issuance activity.

Exposure: U.S. capital markets and issuer financing activity

Regulatory and compliance riskHigh

Broker-dealer and RIA operations require strict adherence to FINRA, SEC, and related rules.

ExposureChaince SecuritiesLLCAffiliated entities
Cross-border operating riskMedium

Hong Kong and China advisory activities can be affected by legal, political, and execution constraints.

Exposure: Asia-Pacific advisory and consulting operations

Client and mandate concentrationMedium

A small number of advisory mandates can materially affect quarterly results in a fee-based model.

Exposure: IPO-related and consulting engagements

Ask Clarifo about Chaince Digital Holdings Inc.

Accounting

Judgemental items
Revenue recognition for advisory and execution services

Fees may be recognized when services are performed or milestones are reached, affecting quarterly revenue timing.

Impact: Can shift reported revenue between periods

Fair value measurement of digital assets and stablecoins

The company recognizes changes in fair value in earnings for certain digital asset holdings and balances.

Impact: Can create non-operating volatility in net income

Discontinued operations presentation

Filecoin mining-related balances and results are separated from continuing operations.

Impact: Affects trend analysis and operating comparability

Similar listed companies

Publicly listed companies with a comparable business focus.

Chain Bridge Bancorp, Inc

CBNA · National Commercial Banks

Sentage Holdings Inc.

SNTG · Finance Services

SHF Holdings, Inc.

SHFSW · Finance Services

Ponce Financial Group, Inc.

PDLB · Savings Institution, Federally Chartered

Mega Fortune Co Ltd

MGRT · Services-Computer Programming Services

Grande Group Ltd

GRAN · Finance Services

Last updated: 16/06/2026

Chaince Digital Holdings Inc. (CD) Revenue, Earnings & Financials 2025 – Clarifo