ALT5 Sigma Corporation, formerly known as JanOne Inc., reported significant financial developments in its latest 10-K filing for the fiscal year ending December 27, 2025. The company generated revenues of $24.8 million, a substantial increase from $11.9 million in the previous fiscal year, primarily driven by the acquisitions of ALT5 Sigma, Inc. in May 2024 and Fortress II Holdings Ltd. (Mswipe) in May 2025. Despite the revenue growth, ALT5 Sigma recorded a net loss of $344.5 million, compared to a loss of $7.6 million in the prior year, largely due to an unrealized loss of approximately $402 million on cryptocurrency assets.
The company's operational strategy has shifted significantly, focusing on its Fintech segment, which now accounts for all reported revenues. The Fintech segment's gross profit was approximately $10.2 million, reflecting a gross margin of 41%, down from 48% in the previous year. The increase in selling, general, and administrative expenses, which rose to $33 million from $12.6 million, was attributed to the costs associated with the acquisitions and higher legal and bad debt expenses.
ALT5 Sigma's customer base has expanded to approximately 1,900 corporate clients across 50 countries, indicating a broad geographic reach. The company has also enhanced its product offerings with platforms such as ALT5 Pay and ALT5 Prime, which facilitate cryptocurrency payments and trading. The acquisition of Mswipe has further diversified its services, allowing for multi-currency payment solutions that integrate both fiat and cryptocurrency transactions.
Looking ahead, ALT5 Sigma aims to leverage its substantial holdings of WLFI tokens, valued at approximately $1.05 billion, to support its liquidity and operational needs. The company plans to continue its focus on the Fintech sector while managing its biotechnology segment as a discontinued operation. The management has expressed intentions to raise additional capital to fund future growth and operational strategies, although the company faces challenges related to market volatility and regulatory scrutiny in the cryptocurrency space.
About ALT5 Sigma Corp
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