The company has effectively ceased revenue-generating operations and is now a leveraged gold-holding vehicle with a $42.8M related-party loan. Monitor gold price movements and the viability of the XAUE yield protocol; any further decline in gold or protocol failure could erode NAV further. The massive share dilution (5x increase in shares outstanding) suggests ongoing capital needs.
Price Chart
Executive Summary
Aurelion reported Q3 FY2026 results with zero revenue, a net loss of $25.1M (vs. $1.5M loss in Q3 FY2025), and an operating loss of $24.4M driven by unrealized fair value losses on its XAUt gold holdings. NAV per share stood at $2.44 against a $2.44 stock price, but the company has transitioned from a wealth management business to a digital gold infrastructure model, generating no operating revenue. The massive loss and business model pivot represent a material deterioration in fundamentals.
Key Facts
- Total net revenue dropped to $0 from $2.98M in the prior-year quarter.
- Net loss widened to $25.06M from $1.51M, driven by $17.5M unrealized loss on XAUt and $3.7M unrealized loss on XAUE.
- Operating loss was $24.4M vs. $1.6M in Q3 FY2025.
- NAV per share was $2.44, with shares outstanding at 37.6M (post 1-for-10 reverse split).
- Debt of $42.8M was taken on via a related-party loan, collateralized by XAUt.
- Weighted average diluted shares increased to 34.6M from 6.85M, reflecting significant dilution.
Financial Impact
Net loss of $25.06M on zero revenue; NAV per share of $2.44 vs. stock price of $2.44; debt of $42.8M added.
Risk Factors
- Zero revenue with no near-term path to operating income.
- $42.8M related-party debt with XAUt as collateral creates refinancing or liquidation risk.
- Heavy reliance on gold price appreciation to offset unrealized losses; a sustained gold decline would deepen losses.
- Business model pivot from wealth management to digital gold infrastructure is unproven and pre-revenue.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001213900-26-081810 |
| Document: ea0299333-6k_aurelion.htm | 0001213900-26-081810 |
| Document: 0001213900-26-081810-index-headers.html | 0001213900-26-081810 |
| Document: 0001213900-26-081810-index.html | 0001213900-26-081810 |
| Document: 0001213900-26-081810.txt | 0001213900-26-081810 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 today | 6-K | $1.12 | awaiting T+60 | — | $1.07 (+4.46%) |
Oct 22, 2026 3d ago | 6-K | $1.02 | awaiting T+60 | — | $1.07 (+4.90%) |
Sep 11, 2026 6w ago | 6-K | $1.44 | awaiting T+60 | — | $1.07 (−25.69%) |
Jul 27, 2026 12w ago | 6-K | $1.69 $0.9600 | ▲ +43.03% | ▲ +47.38% | $1.07 (+36.50%) |
Jul 27, 2026 12w ago | Press Release | $1.71 $0.9295 | ▲ +45.64% | ▲ +49.70% | $1.07 (+37.43%) |
Jun 30, 2026 16w ago | 6-K | $1.92 $1.09 | ▼ −43.23% | ▼ −46.19% | $1.07 (−44.27%) |
Apr 13, 2026 27w ago | 6-K | $2.54 $1.95 | ▼ −23.23% | ▼ −31.75% | $1.07 (−57.87%) |
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