SUIGNasdaqFinance ServicesUS GAAP · USD

SUI Group Holdings Ltd.

SUI Group Holdings Ltd. is a U.S.-based digital asset treasury company built around holdings of SUI, the native token of the Sui blockchain. The company also retains a legacy specialty finance platform that historically originated short-term, secured lending and portfolio investments.

Revenue3.9m USD
+18.1 %y/y
Operating profit (EBIT)-264m USD
−16,673.0 %y/y
EBIT margin-6,772.6%
−6,820.8 ppy/y
Net income-266m USD
−22,886.3 %y/y
Free cash flow-8.2m USD
−245.8 %y/y

Fiscal year 2025 · change from previous year

Development 2024–2025

-300-200-1000100m USD2024: 3.3 m USD2024: EBIT 1.6 m USD20242025: 3.9 m USD2025: EBIT -264 m USD20253.9-264
RevenueOperating profit (EBIT)

Business

Share of revenue
SUI Treasury Management0 %

Acquisition and holding of SUI tokens as the core treasury asset.

Staking Revenue37 %

Rewards earned from staking SUI tokens on the Sui network.

Portfolio Investment Income63 %

Interest income and gains from legacy loans and portfolio investments.

Customers

The company serves investors who want indirect exposure to SUI through a publicly traded equity vehicle rather than direct token ownership. Its legacy finance activity historically served borrowers seeking short-term, non-bank lending solutions, while portfolio investments generated interest and fee income. In practice, the investor base and the legacy credit counterparties are very different customer groups tied to separate parts of the business.

Public equity investors

Buy common stock to gain indirect exposure to SUI price movements and treasury strategy.

Sui ecosystem participants

Benefit from staking, network participation, and broader ecosystem adoption tied to SUI holdings.

Legacy lending borrowers

Historically borrowed through short-term, non-bank specialty finance products.

Portfolio investment counterparties

Provide repayment, redemption, or interest cash flows from legacy investment assets.

Strategy

The company’s strategy is to build and hold a SUI treasury, using open-market purchases, institutional deal flow, and a negotiated relationship with the Sui Foundation. It also seeks to earn staking rewards and may use SUI holdings to support future income-generating or tax-efficient activities. Legacy finance operations remain a secondary source of revenue and capital deployment.

Expand and manage the SUI treasuryShort term

The treasury is the company’s central value proposition and main exposure to the Sui ecosystem.

Increase staking participationShort term

Staking creates recurring token-denominated rewards and improves capital efficiency of held SUI.

Monetize treasury optionalityMedium term

The company may use SUI holdings to generate cash, fund acquisitions, or pursue tax-beneficial strategies.

Retain legacy finance cash generationMedium term

Legacy lending and portfolio investments can still contribute interest and fee income.

Geography

The company is incorporated in the United States and operates as a U.S.-listed public company. Its treasury strategy is tied to the global Sui blockchain ecosystem, so its economic exposure is not limited to one country even though the corporate base is U.S.-centric. The business is therefore exposed to U.S. regulatory oversight as well as global digital asset market conditions.

Risks

The company is exposed to sharp SUI price volatility because its treasury value and reported results depend heavily on digital asset market movements. It also faces regulatory, custody, and network risks common to crypto treasury businesses, including oversight of digital assets, validator and protocol vulnerabilities, and counterparty concentration in the Sui ecosystem. Legacy portfolio investments add credit, valuation, and liquidity risk because their fair value and repayment timing can change materially.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Regulatory and enforcement risk1Digital asset price volatility2Custody and counterparty concentration3Legacy portfolio credit and valuation risk4
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. Regulatory and enforcement riskImpact: HighLikelihood: Medium

    U.S. and state agencies actively scrutinize digital assets, custody, and trading activity.

    Exposure: Treasury operations and public-company disclosures

  2. Digital asset price volatilityImpact: HighLikelihood: Low

    Treasury value and reported earnings are highly sensitive to SUI market prices.

    Exposure: SUI holdings

  3. Custody and counterparty concentrationImpact: MediumLikelihood: Medium

    Token storage and trading rely on exchanges, custodians, and foundation-related counterparties.

    Exposure: Digital asset custody and execution

  4. Legacy portfolio credit and valuation riskImpact: MediumLikelihood: Medium

    Loan recoveries and fair values depend on borrower performance and subjective estimates.

    Exposure: Short-term lending and portfolio investments

  5. Blockchain protocol and validator riskImpact: Medium

    Staking rewards and token utility depend on network security, uptime, and consensus integrity.

    Exposure: Sui network participation

Accounting

Judgemental items
Digital asset valuation

Unrealized gains and losses on SUI holdings can materially affect earnings and equity.

Impact: Reported income and balance sheet carrying values

Portfolio investment fair value

Legacy loans and equity-linked investments require subjective quarterly valuation inputs.

Impact: Operating income and asset values

Staking revenue recognition

Staking rewards are token-denominated and may be recognized as earned, affecting revenue timing.

Impact: Revenue and cash flow comparability

Deferred income amortization

Discounts on token purchases are amortized into income over time.

Impact: Revenue and other income

Publicly listed companies with a comparable business focus.

Last updated: 24/09/2026

SUI Group Holdings Ltd. (SUIG) Revenue, Earnings & Financials 2025 – Clarifo