PerpEquities

Equity

VCX perpetual futures

Fundrise Innovation Fund, LLC tracked across crypto venues with normalized contract specs.

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Price chart

79.05 1.60%
79.5080.0080.50
01:37 PM02:18 PM03:00 PM03:41 PM04:22 PM
24/7 perp mark · BingX (VCX-USDT)
Auto: market closed → highest-volume perp venue

Trading data

Perpetual market activity

2/2 live markets
Venues
2
Live markets
2/2
24h volume
$153k
Open interest
$144k
Best liquidity
$862k
BingX
Tightest spread
+68.7 bps
BingX
Highest volume
$123k
BingX
Settlement mix
USDT · 2/2

Best Liquidity

VCX

Tightest Spread

VCX

Highest Volume

VCX

Venue Matrix

2 markets
Trade
BingXTradeVCX-USDTtrading78.560+4.38%+68.7 bps$862k$123k$80USDT-
Gate.ioTradeVCX/USDTtrading78.870+10.95%+95.6 bps$572$30k$144kUSDT20x

Company data

Company fundamentals

Updated 3h ago
Market cap
$3.6B
Updated 3h ago
Revenue
$10.6M
Trailing 12 months
Net income
$197.2M
Trailing 12 months
Free cash flow
$-16.1M
Trailing 12 months
Profit margin
1864.0%
P/E
10.3
P/S
340.3
Revenue estimate
-
Next fiscal year
Revenue growth
-
Next fiscal year

Fundamental detail

Annual + quarterly
Latest revenue$10.6M
Net margin+1864.0%
Free cash flow$-16.1M
Net debt$-98.1M
2022$999k
2023$1.9M
2024$1.3M
2025$10.6M
PeriodRevenueGrowthNet incomeFCF
2022$999k-$365k-
2023$1.9M+88%$1.9M$-625k
2024$1.3M-28%$19.4M$-4.3M
2025$10.6M+686%$197.2M$-16.1M
PeriodGross marginOperating marginNet marginROEROA
2022+95.0%+36.5%+36.5%+0.5%+0.5%
2023+6.6%+104.0%+100.1%+1.5%+1.5%
2024+149.5%+1877.6%+1444.8%+9.2%+8.9%
2025+23.1%+1848.8%+1864.0%+29.1%+28.1%
PeriodCashDebtNet debtCurrent ratio
2022$46.1M$0.0$-46.1M0.00
2023$11.8M$0.0$-11.8M0.00
2024$15.4M$0.0$-15.4M0.00
2025$114.0M$15.9M$-98.1M7.22
PeriodMarket capEnterprise valueP/SP/E
2022$554.2M$508.0M554.71517.1
2023$953.7M$941.9M507.0507.7
2024$1.2B$1.2B894.661.9
2025$3.3B$3.2B313.716.8
Q4 2022$999k
Q2 2023$717k
Q4 2023$1.2M
Q2 2024$936k
Q4 2024$410k
Q2 2025$7.1M
Q4 2025$3.4M
PeriodRevenueGrowthNet incomeFCF
Q4 2022$999k-$365k-
Q2 2023$717k-$1.9M$596k
Q4 2023$1.2M+17%$-28k$-1.2M
Q2 2024$936k+31%$1.8M$-3.5M
Q4 2024$410k-65%$17.7M$-842k
Q2 2025$7.1M+663%$75.4M$366k
Q4 2025$3.4M+738%$121.8M$-16.5M
PeriodGross marginOperating marginNet marginROEROA
Q4 2022+79.4%+36.5%+36.5%+0.5%+0.5%
Q2 2023+0.8%+266.4%+266.4%+1.7%+1.7%
Q4 2023+10.1%+4.0%-2.4%-0.0%-0.0%
Q2 2024+26.8%+320.8%+189.3%+1.1%+1.1%
Q4 2024+429.5%+5431.5%+4311.0%+8.4%+8.1%
Q2 2025+62.5%+1047.3%+1056.0%+20.9%+20.4%
Q4 2025-58.9%+3514.7%+3543.5%+17.9%+17.4%
PeriodCashDebtNet debtCurrent ratio
Q4 2022$46.1M$0.0$-46.1M0.00
Q2 2023$20.8M$0.0$-20.8M0.00
Q4 2023$11.8M$0.0$-11.8M0.00
Q2 2024$4.7M$0.0$-4.7M0.00
Q4 2024$15.4M$0.0$-15.4M0.00
Q2 2025$29.4M$0.0$-29.4M0.00
Q4 2025$114.0M$15.9M$-98.1M7.22
PeriodMarket capEnterprise valueP/SP/E
Q4 2022$554.2M$508.0M554.7379.3
Q2 2023$840.3M$819.6M1172.0112.0
Q4 2023$953.7M$941.9M819.3-8654.5
Q2 2024$1.1B$1.1B1201.5158.7
Q4 2024$1.2B$1.2B2957.917.2
Q2 2025$1.6B$1.6B229.85.4
Q4 2025$3.7B$3.6B1084.27.6

Refreshed 3h ago

Research data

Estimates, events and peers

Estimates

Pending
No estimates available.

Events

None
No events available.

Peer comparison

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