GET DAILY SIGNALSSilvergate Capital (SI): Post-Bankruptcy Update on Tax Assets and Strategic Outlook
Key Takeaways
- Silvergate Capital Corporation emerged from Chapter 11 bankruptcy on March 31, 2026, more than three years after winding down its crypto-focused bank.
- The company published its fiscal 2025 financial results on August 8, 2026, a disclosure tied to its stock uplisting rather than to an ongoing operating business.
- Silvergate retains a $1.6 billion federal net operating loss (NOL) and a $1.2 billion California NOL, tax attributes that could hold value in a future strategy.
- A $3.0 million capital raise completed in August 2026, priced at $0.60 per share, provided fresh funding for the restructured company.
- The company is no longer an SEC (Securities and Exchange Commission) reporting company and has stated it is not engaged in any business activities.
Background on the Wind-Down
Silvergate Capital Corporation once operated the Silvergate Exchange Network (SEN), a real-time payments platform that supported crypto firms and investors. That model unraveled amid the 2023 banking crisis in the sector, leading the company to wind down operations and liquidate its bank. The fiscal 2025 results therefore serve mainly as a post-reorganization update rather than a standard earnings report. In my view, the retained NOLs and any remaining legal claims or technology assets are the elements worth monitoring, as they could support an acquisition, reverse merger, or other turnaround path.
What the 2025 Disclosure Shows
The August 8, 2026, release of the 2025 annual results was driven primarily by the need to meet uplisting requirements on OTC Markets. Traditional revenue metrics do not apply here because the company is in wind-down mode. Key items on the balance sheet include the $1.6 billion federal NOL, the $1.2 billion California NOL, roughly $1.6 million in cash, the SEN and Diem technology assets, potential legal claims, and a secondary interest in the Argent Liquidation Trust. No liabilities were assumed under the Chapter 11 plan. The $3.0 million equity investment from the Stilwell Group and Exploration Capital closed on August 5, 2026, at $0.60 per share, resulting in about 37.2 million Class A common shares outstanding. I also checked this using Tickeron’s AI Screener to see how the stock compares to others in the industry.
Market Reaction and Trading Context
Shares of SI remain speculative. The stock moved to the Pink Limited Market on August 18, 2026, after years on the Expert Market, which should improve access for retail investors. With no active operations, price action depends more on expectations around monetizing the NOLs, resolving legal claims, and the plans of the controlling shareholders than on conventional fundamentals. This is important because it positions the situation as event-driven rather than a typical operating-company story.
Key Factors to Watch Going Forward
The main question is whether the residual assets can be converted into value for shareholders. The NOLs stand out as the largest holdings, yet they require future taxable income—usually through an acquisition or merger with a profitable entity—to become useful. Progress on legal claims against governmental and regulatory authorities could also affect cash and valuation. From what I see, the decisions of the Stilwell Group and Exploration Capital, which now control the board, will be telling. Any announcement of a new strategy or reverse-merger partner would mark a significant development. Until then, SI functions as a post-bankruptcy shell with limited cash and no ongoing business or scheduled quarterly reports as a non-SEC filer.
Monitoring Special Situations with AI Tools
When reviewing restructured companies like this one, I find Tickeron’s AI Screener helpful for scanning technical patterns, fundamentals, and performance metrics across the market. It lets me compare opportunities in a structured way without manual effort, which is useful for identifying similar situations or breakout candidates in the special-situations space.
Disclaimer
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Contributor
Sergey Savastiouk, Ph.D. has a degree in Applied Mathematics from Moscow University and has extensive experience as an entrepreneur, investor, manager, and mathematician. His professional expertise is in applied mathematics, mathematical modeling, system and pattern analysis, and software and hardware system integration. He has served as the CEO of several hi-tech start-up companies and nonprofit organizations, which has given him proven capabilities in business strategy for high-tech start-up companies, market assessment, company formation, team building, product development, marketing, and sales. He has published numerous articles in journals and magazines on related fields. As a retail investor, he spent 15 years developing his proprietary trading and quantitative algorithms (now Tickeron’s A.I.), which brought him significant returns in trading the stock market. His current work and goal in founding Tickeron is to bring professional, sophisticated stock market analysis capabilities to retail investors via an easy-to-use interface.
SI in upward trend: 10-day moving average crossed above 50-day moving average on October 29, 2026
The 10-day moving average for SI crossed bullishly above the 50-day moving average on October 29, 2026. This indicates that the trend has shifted higher and could be considered a buy signal. In 9 of 10 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are 90%.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on October 21, 2026. You may want to consider a long position or call options on SI as a result. In 42 of 52 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 81%.
SI moved above its 50-day moving average on November 02, 2026 date and that indicates a change from a downward trend to an upward trend.
Following a +8.75% 3-day Advance, the price is estimated to grow further. Considering data from situations where SI advanced for three days, in 100 of 124 cases, the price rose further within the following month. The odds of a continued upward trend are 81%.
The Aroon Indicator entered an Uptrend today. In 47 of 73 cases where SI Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 64%.
Bearish Trend Analysis
The 10-day RSI Indicator for SI moved out of overbought territory on October 30, 2026. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 16 similar instances where the indicator moved out of overbought territory. In 13 of the 16 cases, the stock moved lower in the following days. This puts the odds of a move lower at 81%.
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In 25 of 27 cases where SI's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are 90%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where SI declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 87%.
SI broke above its upper Bollinger Band on November 04, 2026. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
Fundamental Analysis (Ratings)
The Tickeron Price Growth Rating for this company is 38 (best 1 - 100 worst), indicating steady price growth. SI’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron PE Growth Rating for this company is 41 (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Valuation Rating of 48 (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (3.518) is normal, around the industry mean (4.338). P/E Ratio (-4.807) is within average values for comparable stocks, (1.324). Projected Growth (PEG Ratio) (0.243) is also within normal values, averaging (11.253). Dividend Yield (0.000) settles around the average of (0.010) among similar stocks. P/S Ratio (6.203) is also within normal values, averaging (40.124).
The Tickeron SMR rating for this company is 99 (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Profit vs. Risk Rating rating for this company is 100 (best 1 - 100 worst), indicating that the returns do not compensate for the risks. SI’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 94, placing this stock worse than average.
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a holding company, which engages in the provision of banking and loan services
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