VIP Play, Inc.
VIP Play, Inc., operates as a mobile app and online-based technology company in Tennessee. The company operates a cloud-native technology platform that provides mobile sports betting, including modern sportsbook with differentiated wager types, sweepstakes contests, and socially integrated features designed to enhance player engagement. The company was formerly known as KeyStar Corp. and changed … Read more
VIP Play, Inc. (VIPZ) - Net Assets
Latest net assets as of December 2025: $-27.28 Million USD
Based on the latest financial reports, VIP Play, Inc. (VIPZ) has net assets worth $-27.28 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 ($3.88 Million) and total liabilities ($31.16 Million). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $-27.28 Million |
| % of Total Assets | -703.92% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | N/A |
VIP Play, Inc. - Net Assets Trend (2021–2025)
This chart illustrates how VIP Play, Inc.'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for VIP Play, Inc. (2021–2025)
The table below shows the annual net assets of VIP Play, Inc. from 2021 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | $-31.03 Million | -135.27% |
| 2024-06-30 | $-13.19 Million | -2946.20% |
| 2023-06-30 | $-433.02K | +19.15% |
| 2022-06-30 | $-535.59K | -19347.71% |
| 2021-06-30 | $-2.75K | -- |
Equity Component Analysis
This analysis shows how different components contribute to VIP Play, Inc.'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 6232747400.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $31.35 Million | % |
| Total Equity | $-31.03 Million | 100.00% |
VIP Play, Inc. Competitors by Market Cap
The table below lists competitors of VIP Play, Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
The United Nilgiri Tea Estates Company Limited
NSE:UNITEDTEA
|
$15.12 Million |
|
Agung Semesta Sejahtera Tbk PT
JK:TARA
|
$15.13 Million |
|
Ama Marine Public Company Limited
BK:AMA
|
$15.13 Million |
|
Jeil M&S Co., Ltd
KQ:412540
|
$15.13 Million |
|
Andalan Perkasa Abadi Tbk PT
JK:NASA
|
$15.11 Million |
|
CASTA DIVA GROUP S.P.A.
F:99C
|
$15.11 Million |
|
WOLFTANK-ADISA HLDG O.N.
F:WAH
|
$15.10 Million |
|
Enproserve Group Berhad
KLSE:0367
|
$15.10 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in VIP Play, Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from -13,190,564 to -31,032,800, a change of -17,842,236.
- Net loss of 18,881,931 reduced equity.
- New share issuances of 500,000 increased equity.
- Other factors increased equity by 539,695.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-18.88 Million | -60.85% |
| Share Issuances | $500.00K | +1.61% |
| Other Changes | $539.70K | +1.74% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares VIP Play, Inc.'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
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-06-30 | $0.00 | $0.60 | x |
| 2022-06-30 | $-0.02 | $0.60 | x |
| 2023-06-30 | $-0.01 | $0.60 | x |
| 2024-06-30 | $-0.18 | $0.60 | x |
| 2025-06-30 | $-0.42 | $0.60 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently VIP Play, Inc. 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): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: -0.02x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is below the historical average (0.00%), 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 | 0.00% | -109.47% | 0.43x | 0.00x | $-51.36K |
| 2022 | 0.00% | 0.00% | 0.00x | 0.00x | $-662.41K |
| 2023 | 0.00% | 0.00% | 0.00x | 0.00x | $-11.29 Million |
| 2024 | 0.00% | 0.00% | -0.25x | 0.00x | $-29.07 Million |
| 2025 | 0.00% | 0.00% | -0.02x | 0.00x | $-15.78 Million |
Industry Comparison
This section compares VIP Play, Inc.'s net assets metrics with peer companies in the Gambling industry.
Industry Context
- Industry: Gambling
- Average net assets among peers: $801,162,083
- Average return on equity (ROE) among peers: 8.72%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| VIP Play, Inc. (VIPZ) | $-27.28 Million | 0.00% | N/A | $15.12 Million |
| Apple iSports Group Inc (AAPI) | $-5.31 Million | 0.00% | 0.00x | $44.40 Million |
| Accel Entertainment Inc (ACEL) | $-43.01 Million | 0.00% | 0.00x | $465.17 Million |
| PlayAGS Inc (AGS) | $135.80 Million | -15.35% | 4.39x | $436.80 Million |
| AGTech Holdings Limited (AGTEF) | $2.30 Billion | 14.45% | 0.75x | $48.64 Million |
| Ainsworth Game Technology Limited (AINSF) | $320.24 Million | 1.65% | 0.33x | $27.14 Million |
| Aristocrat Leisure Limited (ARLUF) | $1.73 Billion | 31.32% | 2.37x | $20.17 Billion |
| Bragg Gaming Group Inc (BRAG) | $70.25 Million | -5.46% | 0.47x | $32.17 Million |
| Brightstar Lottery PLC (BRSL) | $1.98 Billion | 13.90% | 4.27x | $116.29K |
| Betsson AB (BTSBF) | $759.20 Million | 23.35% | 0.58x | $1.61 Billion |
| Betsson AB (publ) (BTSNY) | $759.20 Million | 23.35% | 0.58x | $1.39 Billion |