Fundamentals snapshot
SVRN · NCM · Financial Services · Asset Management
Current price
$47.26
52-week range
$3.12 - $52.00
Market cap
$88.65M
One-glance verdict
We don't put a cash-flow fair value on banks and insurers. For these companies the reported 'cash flow' is really just money moving between loans, deposits and trades — not the leftover profit the owners could actually pocket — so the usual method would print a misleading number.
Balance sheet
Net cash $33.20M. Interest coverage shows how many times profit covers the interest bill.
What stands out
What this company does
SVRN builds the technology foundation for a world where personal AI assistants manage your digital money and data on your behalf. The company's business centers on the NEAR digital currency, which it holds in large amounts while also investing in and promoting its use by other companies. Therefore, SVRN's success is closely linked to the widespread adoption of both personal AI assistants and the NEAR platform.
SVRN, Inc. started its life as a global shipping company named OceanPal Inc., which was formed in 2021 to own and operate large vessels for transporting goods like iron ore and grain. [2, 3, 6] In late 2025, the company began a major pivot, shifting its focus away from shipping and towards digital assets and artificial intelligence. [9, 12] It changed its stock ticker symbol to SVRN in November 2025 and officially renamed the company SVRN, Inc. in August 2026, completing its transformation by selling off its shipping business entirely. [7, 9, 12]
Today, SVRN's main business is focused on building and promoting the technology behind what it calls the 'agentic economy,' where individuals have more control over their digital assets, personal data, and the artificial intelligence (AI) tools that act on their behalf. [9] The company's strategy is centered around the NEAR Protocol, a specific blockchain network. SVRN aims to help this network grow by managing a large holding of its digital token, NEAR, and by encouraging other businesses to build products on its platform. [9, 12]
This is the largest part of SVRN's new business, where the company holds and manages a significant amount of the digital currency NEAR. Think of this as the company's savings and investment account, but instead of holding dollars, it holds a large digital asset position. [9, 12] The company's goal is to eventually accumulate 10% of all NEAR tokens in existence. [12] This treasury is the foundation of its strategy, and its value changes with the price of the NEAR token.
This part of the business focuses on getting other companies to use the NEAR Protocol's technology for their own products and services. SVRN works to create partnerships and build real-world uses for the NEAR network, which helps increase its adoption and value. [9] For example, they have worked with the technology company Oracle on a pilot program to use NEAR for processing payments in point-of-sale systems (the machines used at checkout counters). [12] This segment is about turning the underlying technology into practical, everyday business tools.
This is a smaller but important part of SVRN's strategy where it invests in, builds, or buys other companies that are working on similar goals. [9] The idea is to support and own pieces of other businesses that are also building tools for the 'agentic economy.' This allows SVRN to expand its influence in the ecosystem and potentially benefit from the growth of these other ventures.
The company's leadership is making a big bet on the future of the NEAR Protocol and the idea of an 'agentic economy.' They believe that this specific blockchain technology will become the essential foundation for a future where individuals, not large companies, control their own digital information and AI assistants. [9] Their main strategic priority is to manage and grow their large holding of NEAR tokens while helping to build a thriving ecosystem of businesses and applications around it. [9, 12]
Price history
Earnings history
Click any quarter to read the call summary and what the numbers say.
Is it cheap or expensive?
For a bank or insurer, the "free cash flow" shown on its statements is mostly money flowing through loans, deposits and trades — not the leftover profit the owners could actually keep, which is what this kind of valuation needs. Running that through the usual method would spit out a meaningless number, so we leave the cash-flow fair value out here rather than show you something misleading.
Is it drowning in debt?
Net cash $33.2M - more cash than debt. Interest coverage -47.4x.
SVRN, Inc.'s profit covers its interest bill about 0.0 times over. which is weaker than most peers shown here and 1 peers sit below 1x, which is the danger zone where profit does not fully cover the interest bill.
Total debt $0.00 Interest coverage -47.39x This is the baseline the peer rows are being compared against.
Total debt $3.57B Interest coverage 11.59x This peer still has a real interest-payment cushion, while SVRN does not.
Total debt $1.62B Interest coverage -8.43x Neither company has much profit cushion over interest right now.
Total debt $314.90M Interest coverage 46.74x This peer still has a real interest-payment cushion, while SVRN does not.
What you should know
The numbers
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What you should know