ThreeD Capital reported a net loss of $12.84 million for the year ended June 30, 2026, narrower than the $18.85 million loss a year earlier, while the value of its investments and digital assets fell.
Key Takeaways
- Net investment and digital asset losses declined to $9.97 million from $15.99 million.
- Net asset value per share fell to $0.20 from $0.40; the figure is a non-GAAP measure.
- The venture capital firm held $17.6 million in cash, investments and digital assets at year-end.
ThreeD Capital annual results
The Canadian venture capital firm released its audited results on October 27, 2026. Its loss per common share was $0.14 for fiscal 2026, compared with $0.29 in the prior year. Operating, general and administrative expenses also declined.
Chairman and CEO Sheldon Inwentash said the fair value of several portfolio holdings and digital assets declined during the year. He said the company exited certain investment positions and deployed capital into other investments it considered more promising.
| Item | Details |
|---|---|
| Net loss | Fiscal 2026: $12,838,706; fiscal 2025: $18,852,413 |
| Net investment and digital asset losses | Fiscal 2026: $9,966,886; fiscal 2025: $15,988,380 |
| Operating, general and administrative expenses | Fiscal 2026: $3,251,992; fiscal 2025: $3,717,125 |
| Investments at fair value | June 30, 2026: $16,345,589; June 30, 2025: $25,603,448 |
| Digital assets at fair value | June 30, 2026: $1,072,671; June 30, 2025: $3,214,059 |
Investment values and balance sheet
At June 30, 2026, investments at fair value stood at $16.35 million and digital assets at fair value were $1.07 million. Total assets fell to $19.69 million from $31.43 million a year earlier, while total liabilities declined to $818,807 from $977,781.
ThreeD calculates net asset value per share as total assets less total liabilities, divided by common shares outstanding. The company says the measure has no standardized meaning under generally accepted accounting principles and may not be comparable with similar measures used by other companies.
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