undamentalytics Newsletter
Sign in

TAO Synergies Inc. (TAOX) stock

Add to watchlist

Add holding +

NASDAQ: TAOX Nasdaq Asset Management & Custody Banks

TAO Synergies Inc. is a US-listed company in the asset management & custody banks industry. Its financial year ends in December.

Stock price today

Loading chart…

Third-party market data · may be delayed

Model estimate per share

~$2.6

Price-to-book vs peers

Base case. Range ~$2.6–$6.9. Book value per share times peers' typical (harmonic-mean) price-to-book.

Price vs value

No Buy/Hold/Sell rating is issued: limited reported history: available models are shown without a Buy/Hold/Sell rating.

TAO Synergies Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Funds15 adding, 6 cuttingOf 3 active managers that changed their stake, 1 added; quarter to June 30, 2026Fund buyers and sellers

The Fundamentalytics view

Current signal Free cash flow diverging from earnings: TTM free cash flow fell 25.4% while net income grew 41.4%: a 67pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Net cash. Cash exceeds long-term debt by $0.0bn.

Things to watch

  • Loss-making. Operating margin is -1013.5%: costs exceed revenue.
  • Burning cash. Free cash flow was -803.0% of revenue over the last 12 months.
  • Volatile shares. Over the past year the shares showed annualised volatility of 97% and a beta of 3.4 against the S&P 500.
  • Short interest rising. Shares sold short rose 20% in a month to 7.0% of tradable shares.

Latest results: FY2026 Q2

Filed August 13, 2026
Earnings per share
-$4.58 against an average estimate of -$1.95: missed by 134.9%
Revenue
$0m, up 2136.9% on a year earlier

TAO Synergies' figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-11.1%
  • 1 week-21.2%
  • 1 month-43.0%
  • This year-31.7%
  • 1 year-71.3%
  • 5 years-99.0%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

Loading chart…

Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$772,499
Operating margin
-1013.5%
Net margin
-2155.5%
EPS (TTM, diluted)
$-9.53

Earnings

Last results
March 7, 2023

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

No recent updates are available for TAOX from the sources we follow. See filings →

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

TAO Synergies Inc. valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: limited reported history: available models are shown without a Buy/Hold/Sell rating.

Valuation models

We value TAO Synergies Inc. as an asset manager, broker or exchange, with every model that fits that kind of business. Cost of equity 10.2%: the 10-year Treasury yield (4.9%) plus a beta of 1.17 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. — Does not apply: no positive earnings in the latest twelve months
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. — Does not apply: the model gives no positive value
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: return on equity is not positive
Price-to-book vs peers Book value per share times peers' typical (harmonic-mean) price-to-book. ~$2.6 ~$2.7–$6.9 Included
Dividend discount (two-stage) Dividends for five years at the growth the business can fund, then a steady payout and growth. — Does not apply: pays no regular dividend
Combined value Weighted average of the models that apply: the primary model (price-to-earnings vs peers) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$2.6 ~$2.6–$6.9 1 model

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare TAO Synergies Inc. with asset managers in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Medium.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

No analyst estimates are published for TAO Synergies Inc.: too few analysts cover it.

Earnings against estimates

Quarter toEstimateActualSurprise
Sept 2024 −$1.95 −$4.58 −134.9%
Jun 2024 −$1.83 −$1.18 +35.5%

Adjusted EPS as companies report it, against the average analyst estimate.

Positioning

Short interest
7.0%
of tradable shares
Days to cover
2.17
at average volume
Short interest, 1 month
+20%
to October 15, 2026
Held by institutions
10%
of shares
Held by insiders
2.3%
of shares
Employees
4
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Recent prices are available. Older price history and the statistics that need it are being loaded in the background.

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
TAOX+42%−86%−77%−49%+6%−32%
Industry peers (median)+33%−17%+19%+15%−4%−6%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
TAOX42%42%25%25%42%36%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
TAOX−60%−90%−83%−68%−65%−62%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since December 8, 2020: 99% from October 12, 2021 to April 7, 2025. Getting back needed a 17007% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$2.52 – $8.32
From 52-week high
−69.8%
vs 50-day average
−34.9%
vs 200-day average
−41.1%
Volatility (1 year)
97%
Beta vs S&P 500
3.38

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
1 up, 0 down
typical move ±8.6%
After a week
0 up, 1 down
typical move ±7.5%
After a month
0 up, 1 down
typical move ±18.2%
Results releasedNext dayS&P 500 next day5 days21 days
March 7, 2023 +8.6% −1.4% −7.5% −18.2%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Fundamentals

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-K/A, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 0 0 1
Gross profit 0 0 —
EBITDA −7 −9 −8
Operating income −7 −9 −8
Net income −13 −29 −17
Diluted EPS −$10.99 −$8.81 —
Margins
Gross margin — 87.2% —
EBITDA margin — <−999% <−999%
Operating margin — <−999% <−999%
Net margin — <−999% <−999%
Free-cash-flow margin — <−999% −803.0%
Cash flow
Cash from operations −5 −6 −6
Capital spending 0 0 0
Free cash flow −5 −6 −6
Stock-based pay 0 — —
Free cash flow after stock pay −5 — —
Balance sheet
Cash 18 5 2
Total debt 0 0 0
Net debt (negative = net cash) −18 −5 −2
Diluted shares 1m 3m —

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Dividends, buybacks and capital spending

R&D spending
22.4%
of revenue

Competitors: side by side with peers

Closest by revenue in asset management & custody banks
Last 12 months unless stated TAOX AGPU GROW DFDV GEG NAKA Median
Revenue, last 12 months $772499 $3m $14m $15m $28m $28m $842m
Revenue growth, last 12 months — >999% 32.8% 328.6% 70.2% >999% 17.2%
Revenue growth, 3-year average — 28.2% −1.5% 94.4% 3.0% — 10.2%
Revenue growth, latest quarter >999% >999% 57.9% 66.9% 88.3% >999% 17.5%
Gross margin — 7.1% — 97.8% — — 80.2%
Operating margin <−999% <−999% −4.2% −866.5% −50.4% <−999% 24.7%
Operating margin, 3-year average — <−999% −12.0% −233.9% −47.8% −664.9% 18.8%
Net margin <−999% <−999% 21.2% <−999% −127.6% <−999% 15.0%
Cash from operations / revenue −803.0% 360.9% 5.2% −198.9% 56.4% −169.5% 26.3%
Free-cash-flow margin −803.0% −163.9% 5.2% −198.9% 51.8% −169.5% 21.3%
Free-cash-flow margin, 3-year average — <−999% 1.5% −149.5% −34.8% −140.9% 17.6%
Stock pay / revenue — 54.5% 0.1% 20.6% 8.2% 20.2% 3.7%
Change in share count — 20.4% −4.9% — 19.8% 937.0% −0.2%

Median of all 44 companies we cover in asset management & custody banks. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Who owns it

Funds buying and selling
Reported value
$2.7M
Institutions reporting
28
Shares held vs prior quarter
▲ 51.5%
Positions opened / closed
6 / 2

Top buyers and sellers, Q2 2026: 15 institutions bought and 6 sold ; the biggest buyer was Citadel Advisors LLC (+83K shares) and the biggest seller Renaissance Technologies LLC (−23K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Vanguard Capital Management LLC $441,897 118K 16.6% ▲ 49.3%
Citadel Advisors LLC $310,231 83K 11.7% New
Geode Capital Management, LLC $296,264 79K 11.2% ▼ 10.5%
Renaissance Technologies LLC $293,987 79K 11.1% ▼ 22.6%
Summit Financial, LLC $215,445 58K 8.1% ▲ 33.5%
Jane Street Group, LLC $204,605 55K 7.7% New
Blackrock, Inc. $171,200 46K 6.4% ▲ 132.4%
HRT Financial LP $149,000 40K 5.6% New
UBS Group AG $122,266 33K 4.6% ▲ 204.9%
Vanguard Fiduciary Trust Co $118,946 32K 4.5% ▼ 29.8%
State Street Corp $93,996 25K 3.5% ▲ 30.6%
Morgan Stanley $90,859 24K 3.4% 0.0%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not TAO Synergies Inc.'s complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $0 0 trades by 0 insiders
Net ▲ $0 net buying

No open-market insider trades reported in the last 12 months.

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

  • March 7, 2023

Recent SEC filings

Data status

When each part of this page on TAO Synergies Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

TAO Synergies Inc. in brief

What does TAO Synergies Inc. do?
TAO Synergies Inc. is a US-listed company in the asset management & custody banks industry. Its financial year ends in December.
What is TAO Synergies Inc.'s stock ticker?
TAO Synergies Inc. trades under the ticker TAOX on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is TAO Synergies Inc.'s free cash flow?
TAO Synergies Inc.'s free-cash-flow margin is -803.0% of revenue over the trailing twelve months.
Who are TAO Synergies Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Vanguard Capital Management LLC, Citadel Advisors LLC and Geode Capital Management, LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is TAO Synergies Inc.'s market cap?
On December 31, 2025, TAO Synergies Inc.'s market capitalisation was about $12.1M and net debt of -$5.5M. Market figures come from third-party market data and may be delayed.
Who are TAO Synergies Inc.'s competitors?
In our Asset Management & Custody Banks peer group, the companies closest to TAO Synergies Inc. are Axe Compute Inc., U S Global Investors Inc, Defi Development Corp., Great Elm Group, Inc. and Nakamoto Inc. The side-by-side comparison below sets their revenue, margins and growth against TAO Synergies Inc.'s.