Descrypto Holdings Inc reported a Q2 2025 result package that underscores an almost derisked-but-minimal revenue base alongside acute liquidity and balance sheet stress. Revenue for QQ2 2025 was 87 USD, yielding a gross profit of 87 with a gross margin effectively at 100% due to the absence of a recognized cost of revenue. However, operating expenses of 259,253 USD eclipsed revenue, producing an operating loss of 259,166 USD and a net loss of 281,896 USD, or -0.01 USD per share on approximately 43.68 million weighted shares. The quarter’s cash flow was modestly positive from operations at 69,083 USD, but financing activities consumed 68,096 USD, driving a net cash decrease of 88,786 USD and ending cash of 19,041 USD. The balance sheet paints a stark liquidity picture: total assets of 19,041 USD versus total liabilities of 542,234 USD, resulting in negative stockholders’ equity of -523,193 USD and a short-term debt burden of 406,667 USD. With liquidity ratios reporting current, quick, and cash ratios all at 0.0468, Descrypto sits in a precarious financial position from which meaningful upside requires material topline growth or substantial external capital. Management commentary is not provided in the supplied data, limiting qualitative insight into strategic pivots or timeline to profitability. Benchmarking peers is not feasible from the dataset (no peers identified). Investors should approach with heightened risk tolerance and a close eye on capital-raising plans, asset monetization, and quarterly progress toward revenue scale.