Alpine Auto Brokers Inc. (ALTB)

Price$10.00Cached quoteAs of 2026-09-06 06:51 UTC

AI: Overvalued

Price checkThe market value is wildly disconnected from the company’s tiny sales and persistent losses.

With 996.1 million shares outstanding, the observed quote implies an equity value of about $10.0 billion. Against full-year 2024 revenue of $137,793, that is roughly 72,000 times sales; even annualizing first-quarter 2026 revenue of $63,395 produces nearly 39,000 times sales. It also equals about 980 times March 2026 total assets. The company is loss-making, so earnings multiples are not meaningful. These figures leave almost no fundamental margin of safety: the price assumes an enormous future business that is not yet visible in reported operations.

Big pictureRecent operations are shrinking, loss-making, and consuming cash rather than building durable earning power.

Full-year 2024 revenue was $137,793 and net loss was $61,777. In the first quarter of 2026, revenue fell to $63,395 from $91,523 a year earlier, while net loss widened to $124,445 from $1,539. Cash used by normal operations was $234,775, meaning the business consumed cash instead of producing it. Cash fell from $583,785 at year-end 2025 to $282,173. The 2026 figures are unaudited OTC Markets disclosures, so confidence is lower than for audited Securities and Exchange Commission financials.

Business strengthA large receivable balance masks a weak balance sheet with negative shareholder equity.

March 2026 assets were $10.19 million, but liabilities were $10.79 million, leaving negative shareholder equity of $594,783. Most assets were not cash: $7.35 million was accounts receivable, meaning customer amounts owed, and $2.37 million was prepayments, so collection quality matters. Share count also expanded sharply in the supplied history, from 446.1 million at 2023 year-end to 996.1 million at 2024 year-end, more than doubling existing holders’ dilution. There are no reported buybacks or dividends to offset that dilution. Little reported debt is positive, but accrued obligations dominate.

What could change the storyOnly a dramatic, verified scale-up in profitable sales could justify even a fraction of today’s valuation.

The bull case needs verified evidence that customer amounts owed convert to cash, revenue scales by orders of magnitude, and margins turn sustainably positive, perhaps from newer digital-asset or resource initiatives. The bear case is simpler: low revenue, cash consumption, negative equity, and extreme valuation persist while very thin over-the-counter trading keeps prices detached from fundamentals. Because the operating mix has shifted across autos, roxburghii products, mineral projects, and exploratory tokenization, historical cyclicality is hard to model. A credible profitable business model would change the verdict; promotion without cash results would not.

AI: News

Quarterly loss widenedFirst-quarter sales fell while losses grew and cash shrank, weakening the business case behind the stock price.

In its April 26, 2026 OTC Markets quarterly disclosure, Alpine reported first-quarter revenue of $63,395, down 31% from $91,523 a year earlier. Net loss expanded to $124,445 from $1,539, and normal operations used $234,775 of cash. Cash ended March at $282,173, about half the year-end level. Those changes directly weaken estimates of sustainable earnings and liquidity. Because the shares trade extremely lightly, I found no reliable evidence that a specific price move was caused by the filing.

Customer debts and obligations grewCustomer amounts owed and company obligations both surged, making asset growth look less reassuring.

The same April 26 disclosure showed accounts receivable, meaning customer amounts owed, rising to $7.35 million from $6.57 million at December 2025, while accrued liabilities, or unpaid obligations, rose to $10.79 million from $9.56 million. Total assets increased to $10.19 million, but liabilities remained larger, leaving negative shareholder equity of $594,783. For investors, the key question is whether customers pay before obligations come due. No reliable trading data linked this balance-sheet change to a particular stock move.

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Revenue

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Financial statements

	2024	2023	2022	2021	2020	2015	2014
Revenue	$137,793	$146,954	$0	$0	$0	$171,627	$359,524
Gross profit	—	—	—	—	—	$5,691	−$11,612
Gross margin	—	—	—	—	—	3.32%	−3.23%
Operating expenses	$199,858	$181,312	$29,740	$345,356	$12,835	$41,690	$31,333
Operating income	−$62,065	−$34,358	−$29,740	−$345,356	−$12,835	$43,000	$10,000
Operating margin	−45.04%	−23.38%	—	—	—	25.05%	2.78%
EBITDA	−$61,879	−$33,935	−$29,740	−$345,356	—	—	—
EBITDA margin	−44.91%	−23.09%	—	—	—	—	—
Net income	−$61,777	−$34,358	−$29,740	−$345,356	−$12,835	−$35,999	−$42,931
Net profit margin	−44.83%	−23.38%	—	—	—	−20.98%	−11.94%
Basic EPSper basic share	—	$0.00	-$0.00	-$0.01	$0.00	-$35,999.00	-$42,931.00
Diluted EPSper diluted share	—	$0.00	-$0.00	-$0.01	$0.00	-$35,999.00	-$42,931.00

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Jul 1, 2024–Jun 30, 2026

Buys0$0.00 disclosed value

Sells (SEC code S)0$0.00 disclosed value

No insider transactions transactions were reported in the stored SEC coverage.

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Alpine Auto Brokers Inc. (ALTB)

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