Security
Perpetuals.com Ltd American Depositary Shares · PDC
PDCNASDAQotherCurrentCIK 1944399Updated Oct 15, 2026
Name history
Earlyworks Co., Ltd. · through Jan 8, 2026
PDC price & chart
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NASDAQ:PDC on TradingView ↗About the company
Perpetuals.com Ltd (Nasdaq: PDC) is a fintech company developing AI-powered trading products and prediction markets, with a global footprint across the United States, Europe, and Asia. Its mission is to reduce risk through empowering retail users with intuitive, secure, and efficient trading experiences that span the world’s capital markets. UpsideOnly, the company’s flagship consumer product, is the first risk-free trading platform, pairing human market insight with proprietary BayesShield AI so users can share in trading profits without ever risking their own money.
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Recent filings
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Financials
FY 2026 · USDSource
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balance sheet · annual statements
| Line item | Q2 2025 | Q2 2024 | Q2 2023 | FY 2026 | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|---|---|---|
| ASSETS | |||||||
| AssetsUSD | 2,495,266Source | 5,085,937Source | — | 65,304,743Source | 1,335,627Source | 3,653,459Source | 3,331,386Source |
| Property, Plant and Equipment, NetUSD | 7,126Source | 11,571Source | — | 733,999Source | 6,505Source | 8,378Source | 15,200Source |
| GoodwillUSD | — | — | — | 62,384,443Source | — | — | — |
| Intangible Assets, Net (Excluding Goodwill)USD | — | — | — | 52,726Source | — | — | — |
| Current assets: | |||||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 1,394,769Source | — | — | 847,761Source | 731,819Source | 2,144,923Source | — |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 185,819Source | 72,536Source | — | 56,575Source | 64,079Source | 258,423Source | 227,479Source |
| Assets, CurrentUSD | 2,227,215Source | 4,965,828Source | — | 1,573,349Source | 1,004,954Source | 3,366,707Source | 1,725,737Source |
| Operating Lease, Right-of-Use AssetUSD | 49,937Source | 104,195Source | — | 355,042Source | 24,343Source | 74,337Source | 25,497Source |
| LIABILITIES AND EQUITY | |||||||
| LiabilitiesUSD | 1,047,552Source | 1,916,484Source | — | 17,502,444Source | 816,607Source | 1,554,152Source | 1,798,076Source |
| Stockholders’ equity: | |||||||
| Preferred Stock, Value, IssuedUSD | — | — | — | 21,644,500Source | — | — | — |
| Common Stock, Value, IssuedUSD | 328,192Source | 5,818,038Source | — | 63,833Source | 350,557Source | 317,380Source | 735,348Source |
| Additional Paid in CapitalUSD | 14,509,226Source | 9,094,187Source | — | — | — | 14,031,234Source | 12,516,509Source |
| Retained Earnings (Accumulated Deficit)USD | -13,389,704Source | -11,742,772Source | — | -31,461,028Source | -15,329,543Source | -12,249,307Source | -11,718,547Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | — | — | — | 18,416Source | — | — | — |
| Stockholders' Equity Attributable to ParentUSD | 1,447,714Source | 3,150,937Source | 2,492,223Source | 45,735,230Source | 519,020Source | 2,099,307Source | 1,533,310Source |
| Additional Paid in Capital, Common StockUSD | — | — | — | 55,469,509Source | 15,498,006Source | — | — |
| Liabilities and EquityUSD | 2,495,266Source | 5,085,937Source | — | 65,304,743Source | 1,335,627Source | 3,653,459Source | 3,331,386Source |
| Current liabilities: | |||||||
| Liabilities, CurrentUSD | 775,409Source | 1,492,744Source | — | 13,236,511Source | 579,217Source | 1,225,101Source | 1,294,796Source |
| Operating Lease, Liability, CurrentUSD | 45,367Source | 53,964Source | — | 179,644Source | 19,461Source | 52,298Source | 25,497Source |
| Accounts Payable, CurrentUSD | — | — | — | 94,364Source | 85,309Source | — | — |
| Operating Lease, Liability, NoncurrentUSD | — | 45,634Source | — | 170,558Source | — | 17,619Source | — |
| Additional Financial Items | |||||||
| Accounts Receivable, after Allowance for Credit LossUSD | — | 72,536Source | — | — | — | 10,996Source | 180,771Source |
| Long-term Debt, Current MaturitiesUSD | 103,755Source | — | — | 97,051Source | 106,597Source | 756,567Source | — |
| Long-term Debt, Excluding Current MaturitiesUSD | 272,143Source | — | — | 119,080Source | 237,390Source | 311,432Source | 501,894Source |
| Short-term InvestmentsUSD | 20,325Source | — | — | 19,766Source | 21,710Source | 19,655Source | — |
| Long-term Debt | —Source | —Source | — | — | — | — | — |
cash flow · annual statements
| Line item | Q2 2025 | Q2 2024 | Q2 2023 | FY 2026 | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | — | — | — | -17,504,352Source | — | — | — |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||
| Depreciation, Depletion and AmortizationUSD | — | — | — | 159,354Source | 14,072Source | — | — |
| Share-based Payment Arrangement, Noncash ExpenseUSD | — | — | — | — | — | 10,261Source | — |
| Changes in operating assets and liabilities: | |||||||
| Increase (Decrease) in Accounts ReceivableUSD | — | — | — | -1,765Source | -221,358Source | 62,061Source | -303,880Source |
| Increase (Decrease) in Accounts PayableUSD | — | — | — | -37,683Source | -43,856Source | — | — |
| Deferred Income Tax Expense (Benefit)USD | — | — | — | — | — | -1,196Source | 899Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | — | — | — | -4,094,488Source | -1,344,274Source | -2,500,093Source | -2,939,460Source |
| Cash flows from investing activities: | |||||||
| Payments to Acquire Businesses, Net of Cash AcquiredJPY | — | — | — | 547,120,001Source | — | — | — |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | — | — | — | -2,870,319Source | 615,332Source | -636,890Source | -11,968Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | — | — | — | — | 3,052Source | 2,131Source | 11,968Source |
| Cash flows from financing activities: | |||||||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | — | — | — | 7,126,413Source | -836,465Source | 4,093,272Source | -576,587Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | — | — | — | 181,482Source | -1,637,325Source | 1,215,634Source | -3,526,228Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 1,601,440Source | 701,384,530Source | 466,417,856Source | 1,048,746Source | 952,574Source | 2,344,785Source | 1,308,085Source |
| Supplemental disclosure of cash flow information: | |||||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | — | — | — | 50,698Source | 10,405Source | 21,136Source | 18,233Source |
| Income Taxes Paid, NetUSD | — | — | — | 572Source | 56Source | — | — |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | — | — | — | 19,876Source | -71,918Source | 259,345Source | — |
| Additional Financial Items | |||||||
| Share-based Payment Arrangement, ExpenseUSD | — | — | — | — | — | — | 15,222Source |
| Amortization of Intangible AssetsUSD | — | — | — | 15,064Source | 8,273Source | — | — |
| DepreciationUSD | — | — | — | 139,346Source | 5,799Source | 6,876Source | 5,725Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | — | — | — | 146,027Source | -71,702Source | 296,218Source | — |
| Foreign Currency Transaction Gain (Loss), UnrealizedUSD | — | — | — | — | -71,918Source | — | — |
| Gain (Loss) on Disposition of AssetsUSD | — | — | — | 745Source | -1,095Source | — | — |
| General and Administrative ExpenseUSD | — | — | — | 17,941,181Source | 2,490,626Source | 2,477,476Source | 1,764,860Source |
| GoodwillUSD | — | — | — | 62,384,443Source | — | — | — |
| Income Tax Expense (Benefit)USD | — | — | — | — | — | -1,196Source | -67,821Source |
| InterestExpenseNonoperatingUSD | — | — | — | 103,826Source | 12,037Source | — | — |
| Net Income (Loss) Attributable to ParentUSD | — | — | — | -17,504,352Source | -1,799,740Source | -2,133,750Source | -2,811,273Source |
| Operating ExpensesUSD | — | — | — | 18,534,131Source | 3,315,963Source | 3,321,438Source | 2,974,446Source |
| Other Nonoperating Income (Expense)USD | — | — | — | 14,160Source | 9Source | 840Source | 1,684Source |
| Proceeds from Issuance of Common StockUSD | — | — | — | 94,344Source | — | 4,958,738Source | — |
| Proceeds from Stock Options ExercisedUSD | — | — | — | — | — | 11,904Source | — |
income statement · annual statements
| Line item | FY 2026 | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Total RevenueUSD | 1,636,035Source | 3,087,437Source | 1,138,477Source | 342,441Source |
| Cost of Goods and Services Sold | —Source | —Source | —Source | —Source |
| Operating Income (Loss)USD | -17,561,458Source | -1,723,714Source | -2,421,522Source | -2,856,303Source |
| Other Nonoperating Income (Expense)USD | 14,160Source | 9Source | 840Source | 1,684Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | -17,504,352Source | — | — | -2,879,094Source |
| Income Tax Expense (Benefit)USD | — | — | -1,196Source | -67,821Source |
| Net Income (Loss) Attributable to ParentUSD | -17,504,352Source | -1,799,740Source | -2,133,750Source | -2,811,273Source |
| Earnings Per Share, BasicUSD per share | -1Source | -0.12Source | -0.14Source | -0.2Source |
| Earnings Per Share, DilutedUSD per share | -1Source | -0.12Source | -0.14Source | -0.2Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 17,508,597Source | 15,076,900Source | 14,764,646Source | 13,839,400Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 17,508,597Source | 15,076,900Source | 14,764,646Source | 13,839,400Source |
| Interest Expense (non-operating)USD | 103,826Source | 12,037Source | — | — |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 15,064Source | 8,273Source | — | — |
| Current Income Tax Expense (Benefit)USD | — | — | — | -68,720Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | 146,027Source | -71,702Source | 296,218Source | — |
| General and Administrative ExpenseUSD | 17,941,181Source | 2,490,626Source | 2,477,476Source | 1,764,860Source |
| Gross ProfitUSD | 972,673Source | 1,592,249Source | 899,916Source | 118,143Source |
| Income (Loss) Attributable to Parent, before TaxUSD | -17,504,352Source | -1,799,740Source | -2,134,946Source | — |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | -15,462,593Source | — | — | — |
| Interest ExpenseUSD | 53,986Source | 12,416Source | 21,757Source | 252Source |
| Interest Income (Expense), NetUSD | — | — | — | -19,848Source |
| Operating ExpensesUSD | 18,534,131Source | 3,315,963Source | 3,321,438Source | 2,974,446Source |
| Other General and Administrative ExpenseUSD | 12,806,766Source | — | — | — |
| Research and Development ExpenseUSD | 150,375Source | 303,248Source | 482,936Source | 800,232Source |
| Selling and Marketing ExpenseUSD | 442,575Source | 522,089Source | 350,765Source | 409,354Source |
Filing attachments
ea030555501ex99-1.htm · 6-K · 2026-09-16
Exhibit 99.1 September 15, 2026 To Our Shareholders: 5-7-11 Ueno, Taito-ku, Tokyo, Japan Perpetuals.com Ltd. Satoshi Kobayashi, Representative Director NOTICE OF CONVOCATION OF THE EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS [This document is an English translation of the Japanese original. It is prepared for reference purposes only, and the Japanese original shall prevail in all respects.] Dear Shareholders: We are pleased to inform you that the Extraordinary General Meeting of Share…
Read attachment ↗ea029803801ex99-1.htm · 6-K · 2026-07-14
Exhibit 99.1 Statement on terminating the letter of intent with AI Financial Corporation SAN FRANCISCO, CA / July 14, 2026 Statement from Matthew Nicoletti, Chief Strategy Officer, Perpetuals.com (Nasdaq: PDC), on the proposed transaction with AI Financial Corporation. “Perpetuals has decided not to further pursue the acquisition of AI Financial Corporation’s subsidiary Alt5 Sigma Canada, Inc. and the earlier letter of intent has been terminated.” About Perpetuals.com Ltd Perpetuals.com Lt…
Read attachment ↗ea029727401ex99-1.htm · 6-K · 2026-07-07
Exhibit 99.1 Statement on a proposed transaction with AI Financial Corporation SAN FRANCISCO, CA / July 7, 2026 Statement from Matthew Nicoletti, Chief Strategy Officer, Perpetuals.com (Nasdaq: PDC), on a proposed transaction with AI Financial Corporation (Nasdaq: AIFC). “Perpetuals has signed a non-binding term sheet to explore the potential acquisition of AI Financial Corporation’s profitable subsidiary Alt5 Sigma Canada, Inc. “Perpetuals is currently conducting our due diligence. No deci…
Read attachment ↗ea029668501ex99-1.htm · 6-K · 2026-07-01
Exhibit 99.1 [This is an English translation of the original issued in Japanese] [NOTE] Perpetuals.com Ltd. assumes no responsibility for this translation or for direct, indirect, or other forms of damages arising from the translation. This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail. July 1, 2026 To shareholders MR Building 3F, …
Read attachment ↗ea029668501ex99-2.htm · 6-K · 2026-07-01
Exhibit 99.2 Copyright © 2026 BetaNXT, Inc. or its affiliates. All Rights Reserved styleIPC Instructions to The Bank of New York, as Depositary (Must be received prior to 12:00 p.m. EST on July 17, 2026) The undersigned registered holder of American Depositary Receipts hereby requests and instructs The Bank of New York, as Depositary, to endeavor, insofar as practicable, to vote or cause to be voted the amount of shares or other Deposited Securities represented by such Receipts of Perpetuals.co…
Read attachment ↗