# Moore Threads: valuation, funding, and the secondary tape

## The short version

- New-money stake: 14.9%.

| instrument | value | as of | source |
|---|---|---|---|
| Claimed valuation | n/a |  | graph |
| Napkin: new-money stake | 14.9% ($1.13B of $7.60B) | 2025-12-05 | [source](https://static.cninfo.com.cn/finalpage/2025-11-28/1224831696.PDF) |


## Recent milestones

- 2026-09-07 - [Market mark: ¥415.49 / ¥195.29B (~US$27B) market cap, Sep 7 2026 — a -20% limit-down day landing exactly at the 52-week low (¥415.48-941.08 ](https://stockanalysis.com/quote/sha/688795/)
- 2026-08-10 - [Financials on file: FY2025 revenue ¥1.51B (+243.4% vs FY2024's ¥438.5M), net loss ¥1.00B (narrowed 38.2%); TTM revenue ¥2.54B (+479.3%) as o](https://stockanalysis.com/quote/sha/688795/)
- 2025-12-05 - [Moore Threads (摩尔线程, STAR 688795) listed Dec 5 2025: 70M new shares at ¥114.28 raising ¥8.0B (~US$1.13B) at a ¥53.7B post-issue cap; 4,126x ](https://static.cninfo.com.cn/finalpage/2025-11-28/1224831696.PDF)

[marks](https://data.somen.ai/marks) | [napkin](https://data.somen.ai/napkin) | [scorecard](https://data.somen.ai/scorecard) | [all companies](https://data.somen.ai/companies)

*Derived from the SOMEN graph at render time. The arithmetic cannot lobby you.*