LITS
Lite Strategy, Inc.Financial Services·Asset Management - Cryptocurrency
$1.01
$34M market cap
Revenue
$0.0M
Free Cash Flow
$-10.4M
Rev Growth
+0.0%
FCF Margin
0.0%
P/FCF
--
EV/FCF
--
Fwd EV/EBITDA
--
Fair Value
--
Upside
--
Lite Strategy, Inc. a clinical-stage pharmaceutical company, focuses on the development of novel and differentiated therapies for the treatment of cancer. The company was formerly known as MEI Pharma, Inc. and changed its name to Lite Strategy, Inc. in September 2025. Lite Strategy, Inc. was incorporated in 2000 and is based in San Diego, California.
2-Year Price History
$1.07-74.7%
Quarterly Financials & Projections
Quarterly Waterfall ($ M)
| Period | Rev | EBITDA | OpIn | NI | OCF | FCF | CapEx | Cash | Debt | Shares | ROIC | IntCov | EV/EBITDA | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Act | 2026-Q3 | 0.0 | -2.8 | -2.8 | -23.7 | -1.5 | -1.5 | -0.0 | 7.5 | 0.0 | 6.7 | -25.9% | -- | -- |
| Act | 2026-Q2 | 0.0 | -3.4 | -3.4 | -30.8 | -1.9 | -1.9 | -0.0 | 8.8 | 0.0 | 6.7 | -19.5% | -- | -- |
| Act | 2026-Q1 | 0.0 | -3.1 | -3.7 | -3.6 | -4.5 | -4.5 | -0.0 | 10.1 | 0.0 | 6.7 | -14.8% | -- | -- |
| Act | 2025-Q4 | 0.0 | -2.9 | -2.9 | -2.7 | -2.5 | -2.5 | -0.0 | 18.0 | 0.0 | 6.7 | -209.3% | -- | -- |
Historical Valuation
Multiples vs the company's own history — cheap or rich relative to itself? Historical fiscal years, then TTM, then forward projections (E). Forward rows hold today's price against projected earnings, so the multiple compresses if the company grows into it.
| Year | Price | Rev Gr | EBITDA % | EBITDA | EV/EBITDA | EV/FCF | P/E | P/S |
|---|---|---|---|---|---|---|---|---|
| TTM | 1.01 | — | — | -12 | 0.0× | 0.0× | 0.0× | — |
EBITDA in reporting-currency $M. Historical multiples use year-end market cap (split-adjusted price history); TTM & forward years use today's.
Valuation & Metrics
Market Stats
Price$1.01
Market Cap$34M
Enterprise Value$27M
P/S Ratio0.0x
P/FCF--
EV/FCF--
FCF Margin (TTM)0.0%
FCF Yield-30.3%
Dividend Yield (TTM)173.3%
Annual Dilution0.0%
CurrencyUSD
TTM Financial Snapshot
Revenue$0.0M
Net Income$-60.8M
Free Cash Flow$-10.4M
Revenue Growth (YoY)+0.0%
EBITDA Margin0.0%
Net Margin0.0%
FCF Margin0.0%
CapEx % of Revenue0.0%
SBC % of Revenue0.0%
ROIC-67.4%
WC Change % Rev0.0%
Interest Coverage--
Forward Outlook & Risk
Short Interest
Short % of Float--
Short Shares0.1M
Days to Cover1.0
Change (vs Prior)+46.3%
Need at least 2 settlement dates for chart
Employees
Headcount4
Revenue / Employee$0
Gross Profit / Employee$0
Cash Runway
8.7months
CRITICAL
Institutional Ownership
Headline & net flow
NEUTRAL
Net flow · —still filing
No float data — flow unavailable.
Ownership composition
Active
11.6%(-0.4% YoY)
26 filers
hedge / family / endowment
Retail funds
—
Fidelity, Schwab, 401(k)
Passive
6.2%(+2.8% YoY)
7 filers
Vanguard, iShares, SPDR
Market makers
0.3%(+0.2% YoY)
3 filers
Citadel, Susquehanna
Insiders
—
Form 4 — latest per insider
ActiveRetail fundsPassiveMarket makersRetail direct
Top holders
| Fund | $ value | Cost basis | Δ QoQ | Δ YoY | α life | Fund AUM |
|---|---|---|---|---|---|---|
| RENAISSANCE TECHNOLOGIES LLC | $2.0M | $1.90 | +$236K | +$1.9M | +1.2% | $63.91B |
| VANGUARD CAPITAL MANAGEMENT LLCPassive | $1.2M | $1.16 | +$1.2M | +$1.2M | — | $4.04T |
| CITADEL ADVISORS LLC | $847K | $2.42 | −$752K | +$804K | -0.4% | $138.22B |
| TWO SIGMA INVESTMENTS, LP | $713K | $1.60 | −$50K | +$713K | -0.9% | $117.03B |
| GEODE CAPITAL MANAGEMENT, LLCPassive | $466K | $1.85 | +$81K | +$399K | +2.3% | $1.61T |
| MARSHALL WACE, LLP | $387K | $1.42 | −$494K | +$387K | +0.6% | $92.71B |
| VANGUARD FIDUCIARY TRUST COPassive | $225K | $1.16 | +$225K | +$225K | — | $395.83B |
| BlackRock, Inc.Passive | $183K | $2.42 | +$0 | +$106K | -0.2% | $5.69T |
| XTX Topco Ltd | $158K | $1.84 | +$29K | +$158K | -1.9% | $5.74B |
| STATE STREET CORPPassive | $133K | $2.42 | +$0 | +$113K | -0.2% | $2.89T |
| NORTHERN TRUST CORPPassive | $93K | $2.22 | +$0 | +$81K | -0.2% | $755.34B |
| MORGAN STANLEY | $83K | $1.47 | −$0 | +$76K | -0.3% | $1.65T |
| ADAR1 Capital Management, LLC | $78K | $2.42 | +$0 | +$78K | +8.3% | $1.64B |
| JANE STREET GROUP, LLCMM | $66K | $1.85 | −$109K | +$66K | -0.1% | $92.10B |
| UBS Group AG | $60K | $2.42 | −$85K | +$52K | -0.3% | $562.11B |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. | $35K | $1.32 | +$0 | +$35K | +1.4% | $58.02B |
| GROUP ONE TRADING LLCMM | $27K | $2.42 | −$4K | +$26K | -1.6% | $3.02B |
| Vanguard Global Advisers, LLCPassive | $21K | $1.16 | +$21K | +$21K | — | $186.48B |
| SUSQUEHANNA INTERNATIONAL GROUP, LLPMM | $19K | $2.42 | −$75K | −$3K | -0.6% | $77.14B |
| Bank Julius Baer & Co. Ltd, Zurich | $3K | $1.16 | +$3K | +$3K | +0.1% | $33.15B |
Cost basis is a volume-weighted estimate from accumulation periods within our 13F history; holders who built their position before our window started will show a stale basis. % above the cost basis is the unrealized gain at the current price.
Trading behavior
Smart-money alpha (lifetime, %/qtr)BEARISH
Holders
+0.47%
avg per quarter
Holders (ex-self)
+0.47%
excl. this stock
Buyers (this Q)
-1.56%
10 buyers · $0.00B in
Sellers (this Q)
-0.10%
10 sellers · $0.00B out
alpha coverage: 79% of $ has a lifetime-alpha record
Holder behavior on this stocksource: stock
On big dips (−10%+)
-21.0%
how holders react when this stock falls
On quiet Qs
-14.7%
−10% to +10% baseline
On rallies (+10%+)
-17.1%
how they react when this stock rises
Holders' portfolio flow this Q
+12.3%
inflows — adds are organic
Sellers' portfolio flow this Q
+4.9%
Sellers grew AUM elsewhere — opinionated cut of this stock.
▸ Compare to holder-profile behavior (across all their stocks)
Holder dip (any stock)
-10.9%
Holder mid (any stock)
-14.7%
Holder rally (any stock)
-17.1%
Biggest decreases this quarter
CITADEL ADVISORS LLC−$752Kα-0.4MOZAYYX MANAGEMENT LLCexited−$739KMARSHALL WACE, LLP−$494Kα+0.6Polar Asset Management Partners Inc.exited−$365KQuarry LPexited−$264KQuadrature Capital Ltdexited−$112KJANE STREET GROUP, LLC−$109Kα-0.1UBS Group AG−$85Kα-0.3SUSQUEHANNA INTERNATIONAL GROUP, LLP−$75Kα-0.6Alpine Global Management, LLCexited−$66K
New buyers this quarter
Top-5 holders · 77.0%
RENAISSANCE TECHNOLOGIES LLC--
VANGUARD CAPITAL MANAGEMENT LLC--
CITADEL ADVISORS LLC--
TWO SIGMA INVESTMENTS, LP--
GEODE CAPITAL MANAGEMENT, LLC--
Top Holders Over Time
5-year share-count history (top 10 holders by peak, incl. exited) + price
hover the chart for per-quarter detailprice (right axis)
Anson Funds Management LP—CITADEL ADVISORS LLC730KCable Car Capital, LP—Polar Asset Management Partners Inc.—RENAISSANCE TECHNOLOGIES LLC1.7MTANG CAPITAL MANAGEMENT LLC—UBS Group AG51KACADIAN ASSET MANAGEMENT LLC—Jain Global LLC—Alyeska Investment Group, L.P.—
Corporate
Insider Trading (last 12mo)
Open-market only (Form 4 P-Purchase + S-Sale). Excludes grants, option exercises, tax withholding, gifts.
Officers & directors
Buys ($, 12mo)
$120K
2 txns · 1 insider · 82,100 sh
Sells ($, 12mo)
$0
0 txns · 0 insiders · 0 sh
Major holders (≥10% beneficial owners)
Buys ($, 12mo)
$0
0 txns · 0 insiders · 0 sh
Sells ($, 12mo)
$946K
1 txn · 1 insider · 690,611 sh
Recent transactions
| Date | Side | Insider | Title | Shares | Price | Dollars | Owned $ |
|---|---|---|---|---|---|---|---|
| 2025-12-19 | BUY | Flynn James P | director | 70,000 | $1.40 | $98K | $140K |
| 2025-12-18 | SELL | Schornstein Alexander | 10 percent owner | 690,611 | $1.37 | $946K | $5.03M |
| 2025-11-19 | BUY | Flynn James P | director | 12,100 | $1.88 | $23K | $56K |
Order Flow (FINRA, ~3w lag)
33.0%retail-2.8pp
11.3%dark+3.8pp
week of 2026-04-13
Off-exchange volume from FINRA. Retail = non-ATS (wholesaler PFOF + broker internalization). Dark = ATS (dark-pool crossing networks, institutional). Lit-exchange = remainder.