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Perpetuals.com Ltd

Company price
2.44 USD -0.10 ( 3.94%)
Last update at 2026-11-10T21:00:00Z
VOLUME
23750
Market Cap
20.90M

Momentum Score

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Perpetuals.com Ltd operates as a financial technology company combining blockchain infrastructure and artificial intelligence to transform digital asset trading. The company develops and operates an exchange software suite, Kronos X, a proprietary multi-asset exchange platform and blockchain-based settlement solution fully compliant with European regulations including MiFID II, MiCA, DORA, and EMIR. The company provides financial market infrastructure as a service from Equinix FR2 in Frankfurt, Germany, alongside Eurex and Xetra, enabling clients to operate trading of crypto spot, derivatives, tokenized securities, and structured products. The company was formerly known as Earlyworks Co., Ltd and changed its name to Perpetuals.com Ltd in January 2026. Perpetuals.com Ltd was incorporated in 2018 and is headquartered in Tokyo, Japan.

Source: TradingView
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Day Price Range
2.20
Low
2.89
High
52 Week Price Range
2.15
Low
8.40
High

Momentum Score

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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High

Key Metrics*

Previous Close
2.54
Dividend Yield
-
Revenue TTM
245.01M
Revenue Per Share
70.01
Gross Profit TTM
152.71M
Debt / Equity
0.70
ROE
-98.99%
Net Debt
-0.37M
ROCE
-215.90%
Diluted EPS TTM
-0.83

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2025-04-30 2024-04-30 2023-04-30 2022-04-30 2021-04-30
Type yearly yearly yearly yearly yearly
Date 2025-04-30 2024-04-30 2023-04-30 2022-04-30 2021-04-30
Income before tax -1.68M -2.28M -2.87M -5.03M -0.81M
Net income -1.68M -2.28M -2.81M -5.29M -0.66M
Selling general administrative 428.21M 440.09M 295.24M 894.15M -
Gross profit 1.49M 0.96M 0.12M 3.12M 1.71M
Reconciled depreciation 2.01M 1.08M 0.78M 0.31M -
Ebit -1.67M -2.27M -2.85M -5.02M -0.79M
Ebitda -1.65M -2.26M -2.85M -5.02M -0.79M
Depreciation and amortization 0.01M 0.01M 0.01M 0.00M 0.00M
Operating income -1.61M -2.58M -2.85M -5.02M -0.84M
Other operating expenses 4.49M 3.80M 3.19M 9.09M 2.86M
Interest expense 0.01M 0.01M 0.02M 0.01M 0.01M
Tax provision 0.00M -0.19M -9.22M 28.94M -
Net interest income -1.72M -1.59M -2.70M -1.26M -
Income tax expense - -0.00M -0.07M 0.25M -0.15M
Total revenue 2.88M 1.21M 0.34M 4.07M 2.03M
Total operating expenses 3.09M 3.54M 2.97M 8.14M 2.55M
Cost of revenue 1.40M 0.25M 0.22M 0.95M 0.31M
Total other income expense net -0.07M 0.31M -0.02M -0.01M 0.03M
Net income from continuing ops -256.70M -336.15M -382.31M -602.47M -
Breakdown 2025-04-30 2024-04-30 2023-04-30 2022-04-30 2021-04-30
Type yearly yearly yearly yearly yearly
Date 2025-04-30 2024-04-30 2023-04-30 2022-04-30 2021-04-30
Total assets 1.35M 3.69M 3.32M 5.76M 3.99M
Intangible assets 0.07M - - - -
Other current assets 0.09M 0.07M 0.05M 0.07M 0.04M
Total liab 0.83M 1.57M 1.79M 1.24M 1.04M
Total stockholder equity 0.52M 2.12M 1.53M 4.53M 2.95M
Other current liab 0.37M 0.42M 0.35M 0.70M 0.36M
Common stock 0.35M 0.32M 0.73M 2.56M 2.14M
Capital stock 50.00M 50.00M 100.00M 334.58M -
Retained earnings -15.37M -12.37M -11.68M -9.72M -6.07M
Cash 0.73M 2.17M 1.30M 5.04M 3.32M
Total current liabilities 0.58M 1.24M 1.29M 0.85M 0.51M
Current deferred revenue - - 0.01M - 0.00M
Net debt -0.37M -1.00M 0.13M -4.48M -2.64M
Short term debt 0.13M 0.82M 0.93M 0.15M 0.15M
Short long term debt 15.20M 119.19M 123.82M 11.77M -
Short long term debt total 0.36M 1.17M 1.43M 0.56M 0.68M
Other stockholder equity 15.54M 14.17M 12.48M 11.69M 6.88M
Total current assets 1.01M 3.40M 1.72M 5.66M 3.73M
Long term investments - - - 0.00M -
Short term investments 0.00M 0.64M 0.00M - -
Net receivables 0.19M 0.52M 0.37M 0.55M 0.37M
Long term debt 33.86M 49.06M 68.25M 46.32M -
Accounts payable 0.09M 18.42M - - -
Non currrent assets other 0.00M 0.00M 1.56M 0.00M 0.01M
Non current assets total 0.35M 0.29M 1.60M 0.10M 0.25M
Capital lease obligations 2.78M 11.01M 3.47M 11.70M -
Breakdown 2025-04-30 2024-04-30 2023-04-30 2022-04-30 2021-04-30
Type yearly yearly yearly yearly yearly
Date 2025-04-30 2024-04-30 2023-04-30 2022-04-30 2021-04-30
Investments 100.00M -100.00M 0.00M 0.00M -
Total cashflows from investing activities 0.57M -0.68M -0.01M 0.03M -0.01M
Net borrowings -119.31M -24.05M 133.75M -11.00M -
Total cash from financing activities -0.78M 4.36M -0.58M 1.66M 0.86M
Net income -1.68M -2.28M -2.81M -5.29M -0.66M
Change in cash -1.43M 0.86M -3.74M 1.72M 3.32M
Begin period cash flow 2.17M 1.30M 5.04M 3.32M -
End period cash flow 0.73M 2.17M 1.30M 5.04M 3.32M
Total cash from operating activities -1.25M -2.67M -2.93M 0.88M 0.32M
Issuance of capital stock 0.00M 781.20M 0.00M 200.13M -
Depreciation 0.01M 0.01M 0.01M 0.00M 0.00M
Other cashflows from investing activities 0.13M - - 0.00M -
Change to account receivables 0.36M -0.34M 0.30M -0.28M 0.51M
Other cashflows from financing activities - -0.77M -1.56M - -
Capital expenditures 0.00M 0.00M 0.01M 0.01M 0.01M
Change in working capital 0.34M -0.13M -0.14M 0.14M 0.60M
Stock based compensation 0.00M 1.62M 0.00M 670.00M -
Other non cash items 0.07M -0.26M 0.00M 5.88M 0.53M
Free cash flow -1.26M -2.67M -2.95M 0.87M 0.32M

Peer Comparison*

Sector: Technology Industry: Software - Application

Stock Name
Change
(USD)
Price
(USD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
PDC
Perpetuals.com Ltd
-0.10
3.94%
2.44 - - 0.09 3.91 12.83
SAP
SAP SE ADR
-
-%
233.74 28.16 22.42 6.52 4.85 5.60
CRM
Salesforce Inc
-1.46
0.68%
213.48 23.41 15.55 4.79 5.56 5.55
SAPGF
SAP SE
-5.80
2.44%
232.20 76.28 22.88 5.61 3.84 5.59
SHOP
Shopify Inc
-5.46
3.59%
146.60 90.18 53.19 12.70 13.17 12.23

Profile*

Perpetuals.com Ltd

Perpetuals.com Ltd operates as a financial technology company combining blockchain infrastructure and artificial intelligence to transform digital asset trading. The company develops and operates an exchange software suite, Kronos X, a proprietary multi-asset exchange platform and blockchain-based settlement solution fully compliant with European regulations including MiFID II, MiCA, DORA, and EMIR. The company provides financial market infrastructure as a service from Equinix FR2 in Frankfurt, Germany, alongside Eurex and Xetra, enabling clients to operate trading of crypto spot, derivatives, tokenized securities, and structured products. The company was formerly known as Earlyworks Co., Ltd and changed its name to Perpetuals.com Ltd in January 2026. Perpetuals.com Ltd was incorporated in 2018 and is headquartered in Tokyo, Japan.

MR Building, Tokyo, Japan, 110-0005

81 3 5614 0978

4

Name Title Year Born
Mr. Satoshi Kobayashi Co-CEO, Interim CFO & Representative Director 1985
Mr. Patrick Gruhn Co-CEO & Director 1982
Mr. Matthew Nicoletti Chief Strategy Officer & Executive Director 1987

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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