$SUIG

SUI Group Holdings Ltd.

CIK:0001425355|SEC Filings

CONDENSED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Revenues
SUI staking revenue	$ 327	$ 0	$ 850	$ 0
Digital lending interest income	36	0	106	0
Investment income	0	948	0	1,726
Total Revenues	363	948	956	1,726
Operating (Income) Expenses
Professional fees	314	99	2,094	241
Stock-based compensation	1,947	0	3,941	0
Asset and strategic management fees	286	0	626	0
Compensation expense	445	190	896	383
Insurance	445	0	896	24
Unrealized (gain) loss on digital assets and receivable, net	(2,251)	0	16,354	0
Realized loss on digital assets, net	18,910	0	53,765	0
Impairment of digital asset receivable	0	0	1,367	0
Provision for (recovery of) credit losses	(81)	0	1,070	0
Net realized and unrealized gain on investments	0	(314)	0	(477)
Other general and administrative	92	27	197	47
Total Operating Expenses	20,107	2	81,206	218
Operating Income (Loss)	(19,744)	946	(80,250)	1,508
Other Income (Loss)
Investment income	151	0	825	0
Net realized and unrealized gain (loss) on investments	556	0	(10,668)	0
Other income	130	0	238	0
Total Other Income (Loss)	837	0	(9,605)	0
Income (Loss) Before Taxes	(18,907)	946	(89,855)	1,508
Provision for Income Taxes	0	269	0	378
Net Income (Loss)	$ (18,907)	$ 677	$ (89,855)	$ 1,130
Earnings per Share
Basic	$ (0.23)	$ 0.11	$ (1.11)	$ 0.18
Diluted	$ (0.23)	$ 0.11	$ (1.11)	$ 0.18
Weighted-average number of common shares outstanding - basic	80,896,554	6,062,773	80,896,554	6,190,941
Weighted-average number of common shares outstanding - diluted	80,896,554	6,062,773	80,896,554	6,190,941

CONDENSED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Cash flows from operating activities:
Net income (loss)	$ (89,855)	$ 1,130
Adjustments to reconcile net income (loss) to net cash provided (used) in operating activities:
Deferred income taxes	0	129
Unrealized loss on digital assets and receivable, net	16,354	0
Realized loss on digital assets, net	53,765	0
Impairment of digital asset receivable	1,367	0
Net realized and unrealized loss/(gain) on investments	10,668	(477)
Provision for credit losses	1,070	0
Staking income	(850)	0
Digital lending interest income	(106)	0
Stock-based compensation	3,941	0
Purchases of investments	0	(4,429)
Proceeds from sales of investments	0	504
Changes in operating assets and liabilities:
Prepaid expenses	870	(3)
Interest and dividend receivable	(384)	(228)
Digital assets receivable	(12)	0
Other assets	65	0
Accounts payable and other liabilities	(581)	(524)
Net cash used in operating activities	(3,688)	(3,898)
Cash flows from investing activities:
Investments in equity securities	(6,030)	0
Proceeds from sales and repayments of investments	923	0
Purchases of digital asset receivable	(10,000)	0
Net cash used in investing activities	(15,107)	0
Cash flows from financing activities:
Payments for repurchase of common stock	0	(630)
Net cash used in financing activities	0	(630)
Net decrease in cash	(18,795)	(4,528)
Cash, beginning of period	21,936	6,026
Cash, end of period	3,141	1,498
Supplemental disclosure of cash flow information:
Cash paid for interest	0	0
Non-cash investing activity
Transfer of digital assets to digital asset receivable	(11,666)	0
Digital assets loan receivable	(2,870)	0
Digital assets loan receivable return	$ 1,023	$ 0

CONDENSED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Current Assets
Cash and cash equivalents	$ 3,141	$ 21,936
Equity investments	825	956
Debt investments	2,196	3,414
Interest and dividend receivable	302	758
Digital asset loan receivable	0	1,305
Prepaid expenses	936	1,806
Income tax receivable	131	131
Total current assets	7,531	30,306
Digital assets	62,808	147,415
Digital asset loan receivable	3,561	2,306
Digital asset receivable	18,010	29
Debt investments	0	10,244
Equity investments	6,030	0
Other assets	0	65
Total Assets	97,940	190,365
Current Liabilities
Accounts payable and other liabilities	266	857
Deferred income	11,859	11,859
Accrued payroll liabilities	11	1
Total current liabilities	12,136	12,717
Long Term Liabilities
Deferred income	1,976	7,906
Total long term liabilities	1,976	7,906
Total liabilities	14,112	20,623
Shareholders' Equity
Common stock, par value $0.001 per share (2,000,000,000 authorized; 76,802,872 issued and outstanding)	77	77
Additional paid-in capital	435,741	431,800
Accumulated deficit	(351,990)	(262,135)
Total shareholders' equity	83,828	169,742
Total liabilities and shareholders' equity	$ 97,940	$ 190,365