Substrate AI S.A. Net Assets
Substrate AI S.A. net assets. Based on the latest financial reports, Substrate AI S.A. (SAI) has net assets worth €42.61 Million EUR (≈ $49.81 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€65.93 Million ≈ $77.07 Million USD) and total liabilities (€23.32 Million ≈ $27.26 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Also explore SAI net assets growth trend to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €42.61 Million |
| % of Total Assets | 64.63% |
| Annual Growth Rate | 12.47% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 40.53 |
Net Assets of Substrate AI S.A. (2021–2025)
Net assets of Substrate AI S.A. from 2021 to 2025. This chart illustrates how Substrate AI S.A.'s net assets have evolved over time, based on quarterly financial data. See debt-free asset ratio of Substrate AI S.A. to measure how much of total assets are equity-financed.
Annual Net Assets for Substrate AI S.A. (2021–2025)
The table below shows the annual net assets of Substrate AI S.A. from 2021 to 2025. For live market cap and overall valuation, see SAI market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €42.61 Million ≈ $49.81 Million |
+2.05% |
| 2024-12-31 | €41.75 Million ≈ $48.81 Million |
+75.78% |
| 2023-12-31 | €23.75 Million ≈ $27.77 Million |
+35.06% |
| 2022-12-31 | €17.59 Million ≈ $20.56 Million |
-33.95% |
| 2021-12-31 | €26.63 Million ≈ $31.13 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Substrate AI S.A.'s total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 2396436800.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Substrate AI S.A. Net Assets Breakdown (December 2025)
Substrate AI S.A. net assets breakdown by equity component as of December 2025.
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | €20.96 Million | 53.12% |
| Other Comprehensive Income | €-2.93 Million | -7.42% |
| Other Components | €47.64 Million | 120.73% |
| Total Equity | €39.46 Million | 100.00% |
Substrate AI S.A. Competitors by Market Cap
The table below lists competitors of Substrate AI S.A. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Helport AI Limited Ordinary Shares
NASDAQ:HPAI
|
$9.06 Million |
|
Clean Air Metals Inc
V:AIR
|
$9.06 Million |
|
US Copper Corp
V:USCU
|
$9.06 Million |
|
Kwang Hee Self-Administered Real Estate
KO:140910
|
$9.07 Million |
|
VerifyMe Inc
NASDAQ:VRME
|
$9.05 Million |
|
Xenora Minerals Ltd
AU:XRA
|
$9.05 Million |
|
AEON Biopharma, Inc.
NYSE MKT:AEON
|
$9.05 Million |
|
Marine Petroleum Trust
NASDAQ:MARPS
|
$9.04 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Substrate AI S.A.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 41,106,428 to 39,461,183, a change of -1,645,245 (-4.0%).
- Net loss of 7,442,173 reduced equity.
- New share issuances of 7,809,311 increased equity.
- Other comprehensive income increased equity by 241,517.
- Other factors decreased equity by 2,253,900.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €-7.44 Million | -18.86% |
| Share Issuances | €7.81 Million | +19.79% |
| Other Comprehensive Income | €241.52K | +0.61% |
| Other Changes | €-2.25 Million | -5.71% |
| Total Change | €- | -4.00% |
Book Value vs Market Value Analysis
This analysis compares Substrate AI S.A.'s book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.11x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | €1.30 | €0.04 | x |
| 2022-12-31 | €0.72 | €0.04 | x |
| 2023-12-31 | €0.32 | €0.04 | x |
| 2024-12-31 | €0.44 | €0.04 | x |
| 2025-12-31 | €0.35 | €0.04 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Substrate AI S.A. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -18.86%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -41.30%
- • Asset Turnover: 0.27x
- • Equity Multiplier: 1.67x
- Recent ROE (-18.86%) is below the historical average (-9.13%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | -6.72% | -111.09% | 0.05x | 1.22x | €-4.42 Million |
| 2022 | 0.06% | 0.36% | 0.14x | 1.28x | €-1.74 Million |
| 2023 | -38.09% | -101.43% | 0.19x | 1.97x | €-11.02 Million |
| 2024 | 17.93% | 42.07% | 0.29x | 1.49x | €3.26 Million |
| 2025 | -18.86% | -41.30% | 0.27x | 1.67x | €-11.39 Million |
Industry Comparison
This section compares Substrate AI S.A.'s net assets metrics with peer companies in the Software - Infrastructure industry.
Industry Context
- Industry: Software - Infrastructure
- Average net assets among peers: $3,902,667
- Average return on equity (ROE) among peers: -28.16%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Substrate AI S.A. (SAI) | €42.61 Million | -6.72% | 0.55x | $9.06 Million |
| Agile Content SA (AGIL) | $6.17 Million | 0.81% | 1.65x | $48.14 Million |
| Aeternal Mentis SA (AMEN) | $5.00 Million | 0.00% | 0.00x | $112.55 Million |
| Gigas Hosting S.A (GIGA) | $541.01K | -85.29% | 0.92x | $37.12 Million |
About Substrate AI S.A.
Substrate Artificial Inteligence, S.A., together with its subsidiaries, engages in the creation and development of artificial intelligence systems in Spain, the United Kingdom, the United States, Switzerland, and internationally. It is involved in the customization of computer programs, including configuration and modification of existing programs; computer programming activities, such as design … Read more