ThreeD Capital Inc. Releases Results For the Three and Six Months Ended December 31, 2025
MWN-AI** Summary
ThreeD Capital Inc. (CSE:IDK / OTCQX:IDKFF), a Canadian venture capital firm specializing in junior resources and disruptive technologies, reported its unaudited financial results for the six and three months ending December 31, 2025. The company’s total cash, investments, and digital assets amounted to $23.4 million, with a net asset value (NAV) per share of $0.27, down from $0.40 six months prior.
For the three months ending December 31, 2025, ThreeD recorded a net investment and digital asset loss of approximately $2.9 million, markedly increased from a loss of $1.4 million in the same period the prior year. Total expenses for the quarter were lower at around $743,000 compared to almost $954,000 in 2024. The overall net loss for the quarter was $3.5 million, up from $2.2 million a year earlier.
Similarly, for the six months ended December 31, 2025, the company reported a net loss of $6.34 million, which also represents a significant rise from $3.32 million a year ago. The basic and diluted loss per common share for the quarter stood at $0.04, consistent with the previous year's results.
Chairman and CEO Sheldon Inwentash expressed optimism about the company’s digital assets, stating they believe these investments will bolster ThreeD's long-term strategy despite current market fluctuations leading to a decline in asset values. Additionally, the company announced a change in its reporting practices concerning NAV, opting to publish this metric quarterly rather than monthly, aligning with its broader financial statements.
Despite navigating a challenging market, ThreeD remains committed to scouting opportunities and investing in promising early-stage companies across various sectors.
MWN-AI** Analysis
ThreeD Capital Inc. reported a challenging financial performance for the three months and six months ending December 31, 2025, highlighting significant losses in investments and digital assets. With a net loss of $3.5 million for Q4 2025 and $6.3 million for the first half of the year, shareholders must weigh the risks against potential long-term gains detailed by CEO Sheldon Inwentash.
The company’s net asset value (NAV) decreased sharply to $0.27 per share, down from $0.40 six months prior, driven largely by net investment losses totaling nearly $4.9 million for that same period. Although these figures initially suggest an unfavorable outlook, the firm’s strategy to increase exposure to digital assets may indicate a potential recovery.
Investors should consider ThreeD's operating expenses, which have notably declined from $1.99 million to $1.73 million in the first half of the year. This reduction in operating costs could benefit the company’s cash flow moving forward, especially as it continues to focus on early-stage investments in the junior resources and disruptive technologies sectors.
Moreover, the transition to reporting NAV quarterly—rather than monthly—aims to provide clearer insights into performance relative to peer companies. This strategic shift can better position ThreeD to attract investment, particularly if market conditions for digital assets improve and newer ventures begin to yield returns.
In summary, while current metrics reflect a difficult landscape, the long-term investment strategy and declining operational costs are encouraging. Investors should remain vigilant and evaluate the company's evolving performance in Q1 2026 while being mindful of market volatility in the digital asset space. Overall, a cautious but optimistic approach may be advisable for potential investors considering ThreeD Capital's stock.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
TORONTO, Feb. 13, 2026 (GLOBE NEWSWIRE) -- ThreeD Capital Inc. (“ThreeD” or the “Company”) (CSE:IDK / OTCQX:IDKFF) a Canadian-based venture capital firm focused on opportunistic investments in companies in the junior resources and disruptive technologies sectors, is pleased to announce its unaudited results as at and for the three and six months ended December 31, 2025.
As at December 31, 2025, the Company had cash, investments and digital assets of $23.4 million.
As at December 31, 2025, net asset value per share was $0.27 as compared to $0.40 as at June 30, 2025. (See “Use of Non-GAAP Financial Measures” elsewhere)
Financial Highlights for the three and six months ending December 31, 2025 with comparatives:
| Operating Results | Three months ended December 31, | Six months ended December 31, | ||||||||||
| 2025 | 2024 | 2025 | 2024 | |||||||||
| Net investment and digital assets losses | $ | (2,895,793 | ) | $ | (1,391,161 | ) | $ | (4,848,240 | ) | $ | (1,509,862 | ) |
| Operating, general and administrative expenses | (743,438 | ) | (953,520 | ) | (1,726,509 | ) | (1,996,968 | ) | ||||
| Net loss for the period | (3,514,400 | ) | (2,216,578 | ) | (6,341,482 | ) | (3,315,158 | ) | ||||
| Total comprehensive loss for the period | (3,514,112 | ) | (2,217,226 | ) | (6,341,567 | ) | (3,315,555 | ) | ||||
| Basic loss per common share | (0.04 | ) | (0.04 | ) | (0.07 | ) | (0.06 | ) | ||||
| Diluted loss per common share | (0.04 | ) | (0.04 | ) | (0.07 | ) | (0.06 | ) |
| Consolidated statement of financial position highlights | December 31, 2025 | June 30, 2025 | ||||
| Cash | $ | 6,293 | $ | 482,146 | ||
| Investments, at fair value | 20,757,580 | 51,577,705 | ||||
| Digital assets, at fair value less cost to sell | 2,631,212 | 3,156,065 | ||||
| Total assets | 25,858,355 | 56,174,715 | ||||
| Total liabilities | 559,511 | 11,455,313 | ||||
| Share capital, contributed surplus, warrants | 157,346,856 | 151,573,492 | ||||
| Foreign currency translation reserve | 875,075 | 875,102 | ||||
| Deficit | (132,923,087 | ) | (107,729,192 | ) |
Sheldon Inwentash, Chairman and CEO, stated “During the quarter, ThreeD focused on increasing its investments in digital assets that we believe will contribute to the Company’s long-term investment strategy. While market conditions resulted in an overall decrease in the value of digital assets compared to June 30, 2025, ThreeD remains optimistic about these investments and the potential gains the Company could ultimately realize.”
Additionally, ThreeD announces that it will no longer be releasing its unaudited net asset value per share (“NAV”) on a monthly basis. Instead, the Company will include the NAV within its quarterly financial results press releases to aid shareholders with analysis of Company performance that can be analyzed with the Company’s quarterly unaudited financial statements.
Use of Non-GAAP Financial Measures:
This press release contains references to “net asset value per share” (“NAV”) which is a non-GAAP financial measure. NAV is calculated as the value of total assets less the value of total liabilities divided by the total number of common shares outstanding as at a specific date. The term NAV does not have any standardized meaning according to GAAP and therefore may not be comparable to similar measures presented by other companies. There is no comparable GAAP financial measure presented in ThreeD’s consolidated financial statements and thus no applicable quantitative reconciliation for such non-GAAP financial measure. The Company believes that the measure provides information useful to its shareholders in understanding our performance, and may assist in the evaluation of the Company’s business relative to that of its peers.
About ThreeD Capital Inc.
ThreeD is a publicly-traded Canadian-based venture capital firm focused on opportunistic investments in companies in the junior resources and disruptive technologies sectors. ThreeD’s investment strategy is to invest in multiple private and public companies across a variety of sectors globally. ThreeD seeks to invest in early stage, promising companies where it may be the lead investor and can additionally provide investees with advisory services and access to the Company’s ecosystem.
| For further information: |
| Matthew Davis, CPA |
| Chief Financial Officer [email protected] |
| Phone: 416-941-8900 |
The Canadian Securities Exchange has neither approved nor disapproved the contents of this news release and accepts no responsibility for the adequacy or accuracy hereof.
Forward-Looking Statements
This news release contains certain forward-looking statements and forward-looking information (collectively referred to herein as “forward-looking statements”) within the meaning of Canadian securities laws including, without limitation, statements with respect to the future investments by the Company. All statements other than statements of historical fact are forward-looking statements. Undue reliance should not be placed on forward-looking statements, which are inherently uncertain, are based on estimates and assumptions, and are subject to known and unknown risks and uncertainties (both general and specific) that contribute to the possibility that the future events or circumstances contemplated by the forward- looking statements will not occur. Although the Company believes that the expectations reflected in the forward-looking statements contained in this press release, and the assumptions on which such forward-looking statements are made, are reasonable, there can be no assurance that such expectations will prove to be correct. Readers are cautioned not to place undue reliance on forward-looking statements included in this document, as there can be no assurance that the plans, intentions or expectations upon which the forward-looking statements are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will not occur, which may cause the Company’s actual performance and results in future periods to differ materially from any estimates or projections of future performance or results expressed or implied by such forward-looking statements. The forward-looking statements contained in this news release are made as of the date hereof and the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, except as required by applicable law. The forward- looking statements contained herein are expressly qualified by this cautionary statement.
FAQ**
Given the reported $4.8 million net investment and digital asset losses for the six months ended December 32025, how does ThreeD Capital Inc IDKFF plan to mitigate future financial risks in its investment strategy?
With a decrease in net asset value per share from $0.40 to $0.27, what steps will ThreeD Capital Inc IDKFF take to enhance shareholder value moving forward?
Can ThreeD Capital Inc IDKFF elaborate on the specific digital assets it is focusing on to contribute to its long-term investment strategy amidst value declines?
What does ThreeD Capital Inc IDKFF anticipate regarding market conditions for its focus sectors, junior resources and disruptive technologies, in the coming quarters?
**MWN-AI FAQ is based on asking OpenAI questions about ThreeD Capital Inc (OTC: IDKFF).
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