Evernorth Holdings (XRPN) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Evernorth Holdings

NasdaqGM•Financial Services•Capital Markets

$11.98+0.28(0.02%)Pre-market

Market Cap

$275.54M

P/E

90.7x

Evernorth Holdings, Inc. operates as a digital asset treasury company for stables coins. The company acquires and holds XRP digital assets as its core treasury reserve, giving investors exposure to digital asset markets. It also supports institutional XRP infrastructure and engages in collaborations within the digital asset and cryptocurrency ecosystem to support XRP liquidity. Evernorth Holdings, Inc. was incorporated in 2025 and is based in San Francisco, California.

How this company scores

WeakMetricSide Score: 36/100

Grade capped at D — Negative equity — the balance sheet is insolvent. Strongest: Balance Sheet & Red Flags (15/25); weakest: Cash & Earnings Quality (0/25).

Profitability9/25

Growth12/25

Balance Sheet & Red Flags15/25

Cash & Earnings Quality0/25

Strengths

Rising earningsInterest easily coveredProfit converts from growthNet cash position

Grade capped at D

Negative equity — the balance sheet is insolvent.

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 90.7x5y range 90.7x – 103.2x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Earnings Quality

Red Flag

Free cash flow has been negative in 5 of the last 5 quarters — earnings are not translating to cash.

Price & Volume

Market Cap $275.54M

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $0
Q. Revenue: $0
TTM EBITDA: $-5.99M
TTM Op. Income: $-5.99M
Q. Op. Income: $-503,862
TTM Net Income: $3.04M
Q. Net Income: $1.63M
EPS: $-0.05
Shares Out.: $23.00M

$0 in TTM revenue was flat at zero YoY, reaching $0 last quarter. TTM EBITDA of $-5.99M and TTM operating income of $-5.99M show growth is flowing through to the bottom line. TTM net income of $3.04M means revenue is converting into profit.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: N/A
Op. Margin: -50386200.0%
Net Margin: 162532700.0%

Op. margin of -50386200.0% is down 40806300.0% YoY — costs are rising relative to revenue. Net margin at 162532700.0% Across the last 5 quarters, operating margin has risen for 2 consecutive quarters — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 90.7x
P/S Ratio: N/A
P/B Ratio: N/A

At 90.7x P/E, the stock trades above typical market levels — the market expects above-average growth. P/S of 0.0x and P/B of 0.0x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is up 0% — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $241.34M
Cash: $54,503
Long-Term Debt: N/A
Book Value: $-14.53M
D/E Ratio: N/A
Debt/EBITDA: N/A

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $-34,137
TTM Free Cash Flow: $-373,197
FCF Margin: N/A
FCF / Net Income: -0.1

TTM FCF of $-373,197 on $-34,137 in operating cash flow. The FCF / Net Income ratio of -0.1x means the business consumes cash — it is not yet self-funding. Over the past year, free cash flow is up 0% — an improving trend.