Want to find your lens? Five questions, no jargon — they tell you which of four reads fits how you already think.
There's no rate to imply here.
Our model doesn't fit this business — here's why:
Why not
- Caution: The model doesn't fit this businessThe business earns fees on trading volume, and that volume moves with the price of the assets being traded — so revenue swings with a market our method has no way to characterise. It also holds customer crypto on its balance sheet, which our net-cash arithmetic would read as company money when it is not. Neither is a filing problem; the method simply does not describe this business.
TickerMath is an educational tool, not investment advice — it computes one model from SEC filings and can be wrong. How we compute this →