GWAV Greenwave Technology Solutions, Inc. - Common Stock
NASDAQ · Commercial Services & Supplies · View on SEC EDGAR ↗ close Oct 2, 2026 10-K/10-Q Aug 18, 2026
$2.31
· of 52w range
· above low
· to high
$2.1952w low
$24.0052w high
Market Cap (MRQ)
$2M
P/E (TTM)
-0.1
EPS (TTM)
$-20.10
Revenue (TTM)
$61M
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52W Range
$2–$24
Analyst Rating
·
Price Target
·
P/E
-0.1
ROE
-56.7%
Net Profit Margin
-27.7%
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GWAV Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$2.31
Market Cap (MRQ)
$2M
P/E (TTM)
-0.1
EPS (TTM)
$-20.10
Revenue (TTM)
$61M
ROE (TTM)
-56.7%
Debt/Equity (MRQ)
0.3
52W Range
$2–$24
GWAV Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
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Stock splits
| Ex-date | Split | Type |
|---|---|---|
| Aug. 25, 2025 | 1-for-110 | Reverse |
| June 3, 2024 | 1-for-150 | Reverse |
| Feb. 28, 2022 | 1-for-300 | Reverse |
10-Year Performance Revenue, net income, margins and EPS trends
Revenue$47M2017-12-31 → 2025-12-31
EPS$-41.212019-12-31 → 2025-12-31
Free Cash Flow·2022-12-31 → 2023-12-31
Net margin-27.7%2018-12-31 → 2025-12-31
Valuation & Ratios
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
| Metric | 5Y trend | GWAV | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| P/E (TTM) | -0.15Y avg ≈128943.9 | ≈128943.9 | · | · | |
| P/S (TTM) | 0.05Y avg ≈3041.3 | ≈3041.3 | · | · | |
| P/B (MRQ) | 0.15Y avg ≈-8372.1 | ≈-8372.1 | · | · | |
| EV / EBITDA | -0.4 | · | · | · | |
| Price / Cash Flow | -0.35Y avg ≈-49113.3 | ≈-49113.3 | · | · | |
| EV / Revenue | 0.2 | · | · | · | |
| Price / Tangible Book (MRQ) | 0.2 | · | · | · |
Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.
Profitability Gross, operating and net margins; ROE, ROA, ROIC
| Metric | 5Y trend | GWAV | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Gross Margin (TTM) | 31.6% | · | · | · | |
| Operating Margin (TTM) | -25.1% | · | · | · | |
| EBITDA Margin | -42.5% | · | · | · | |
| Pretax Margin (TTM) | -27.7% | · | · | · | |
| Net Profit Margin (TTM) | -27.7% | · | · | · | |
| ROA (TTM) | -28.7%5Y avg ≈-61.9% | ≈-61.9% | · | · | |
| ROE (TTM) | -56.7%5Y avg ≈292.8% | ≈292.8% | · | · |
Financial Health Debt, liquidity, solvency — balance sheet strength
| Metric | 5Y trend | GWAV | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Debt / Equity (MRQ) | 0.3 | · | · | · | |
| Current Ratio (MRQ) | 0.25Y avg ≈0.1 | ≈0.1 | · | · | |
| Quick Ratio | 0.15Y avg ≈0.1 | ≈0.1 | · | · |
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
| Metric | 5Y trend | GWAV | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Revenue YoY | 40.1%5Y avg ≈23308.5% | ≈23308.5% | · | · | |
| Revenue CAGR 3Y | 11.2%5Y avg ≈565.0% | ≈565.0% | · | · | |
| Revenue CAGR 5Y | 482.4% | · | · | · |
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
| Metric | 5Y trend | GWAV | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Asset Turnover | 0.8 | · | · | · | |
| Inventory Turnover | 13.65Y avg ≈65.9 | ≈65.9 | · | · | |
| Receivables Turnover | 39.4 | · | · | · | |
| Revenue / Employee | ≈$284.5K | · | · | · |
value · ≈ 5Y avg · industry median · verdict relative to median
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
-117.9%
| Period | Report | EPS Actual | EPS Est | Surprise |
|---|---|---|---|---|
| Sept. 30, 2023 | $-1.75 | — | — | |
| March 31, 2016 | $-297000.00 | $-151470.00 | -96.1% | |
| Dec. 31, 2015 | $-445500.00 | $-151470.00 | -194.1% | |
| Sept. 30, 2015 | $-247500.00 | $-151470.00 | -63.4% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $47M | $33M | $36M | $34M | · | $7.0K | $23.7K | $19.6K | $319.2K | |
| Cost of Revenue | $35M | $20M | $21M | $22M | $5M | $1.3K | · | $994 | $630 | |
| Gross Profit | $12M | $13M | $14M | $12M | $3M | $5.7K | · | · | · | |
| SG&A Expense | · | · | · | · | · | · | · | $14M | $37M | |
| Operating Expenses | $32M | $47M | $34M | $23M | $6M | $1M | $3M | $14M | · | |
| Operating Income | $-20M | $-34M | $-20M | $-11M | $-3M | $-1M | $-3M | $-14M | $-37M | |
| Interest Expense | · | · | $9M | $34M | $11M | $5M | $5M | $2M | $659.8K | |
| Other Non-op | $-2M | $10M | $17.6K | $-24M | $1M | $-14M | $-31M | $-2M | $-8M | |
| Pretax Income | $-22M | $-24M | $-27M | $-35M | $-2M | $-15M | $-34M | $-16M | $-44M | |
| Income Tax | · | · | $0 | · | · | · | · | · | · | |
| Net Income | $-22M | $-24M | $-27M | $-35M | $-2M | $-15M | $-34M | $-16M | $-44M | |
| EPS (Basic) | $-41.25 | $-932.14 | $-385.81 | $-9.71 | $0.57 | $-23.99 | $-0.19 | · | · | |
| EPS (Diluted) | $-41.21 | $-601.70 | $-385.81 | $-9.71 | $0.36 | $-23.99 | $-0.19 | · | · | |
| Shares (Basic) | 596,352 | 107,759 | 87,082 | 6,577,303 | 4,848,574 | 4,652,129 | 576,802,421 | · | · | |
| Shares (Diluted) | 596,352 | 107,759 | 87,082 | 6,577,303 | 8,199,137 | 4,652,129 | 576,802,421 | · | · | |
| EBITDA | $-20M | · | $-14M | $-10M | · | · | $-3M | $-13M | $-37M |
Balance Sheet
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $935.8K | $3M | $2M | $821.8K | $3M | $1.5K | $1.1K | $29.6K | $1M | |
| Receivables | $1M | $1M | $646.4K | $215.3K | · | · | · | · | · | |
| Inventory | $2M | $3M | $200.4K | $189.6K | $381.0K | · | · | · | · | |
| Prepaid Expense | $524.7K | $921.6K | $296.8K | $12.8K | · | $97.1K | $2.0K | $14.0K | $16.6K | |
| Current Assets | $5M | $8M | $3M | $1M | $3M | $98.6K | $3.1K | $43.6K | $1M | |
| PP&E (Net) | $36M | $37M | $23M | $13M | $3M | · | · | $6.7K | $55.1K | |
| PP&E (Gross) | $48M | $45M | $29M | $16M | $5M | $24.0K | $24.0K | $24.0K | $98.8K | |
| Accum. Depreciation | $12M | $8M | $5M | $3M | $2M | $24.0K | $24.0K | $17.3K | $43.7K | |
| Goodwill | · | · | · | · | $2M | · | · | · | · | |
| Intangibles | $14M | $17M | $20M | $23M | $3M | · | · | · | · | |
| Total Assets | $55M | $63M | $46M | $41M | $38M | $98.6K | $3.1K | $569.1K | $3M | |
| Accounts Payable | $3M | $2M | $2M | $2M | $623.6K | $1M | · | · | $1M | |
| Accrued Liabilities | $2M | $1M | $2M | $2M | $144.2K | $144.2K | · | · | $2M | |
| Short-term Debt | $7M | $10M | $3M | · | · | · | · | $16.1K | · | |
| Current Liabilities | $23M | $21M | $40M | $19M | $59M | $38M | $37M | $7M | $14M | |
| Capital Leases | $233.5K | $773.8K | $94.9K | $116.3K | $43.0K | · | · | · | · | |
| Total Liabilities | $29M | $26M | $51M | $26M | $62M | $38M | $37M | $7M | $14M | |
| Long-term Debt | $6M | $4M | $23M | $7M | $25.0K | · | · | · | · | |
| Total Debt | $7M | · | $3M | · | · | · | · | · | · | |
| Common Stock | $830 | $237 | $113 | $11.0K | $3.3K | $1.7K | $384.3K | $168.7K | $112.2K | |
| Paid-in Capital | $547M | $533M | $391M | $378M | $275M | $284M | $151M | $74M | $63M | |
| Retained Earnings | $-521M | $-496M | $-396M | $-362M | $-298M | $-301M | $-190M | $-81M | $-74M | |
| Stockholders' Equity | $26M | $37M | $-4M | $15M | $-23M | $-38M | $-37M | $-7M | $-11M | |
| Liabilities + Equity | $55M | $63M | $46M | $41M | $38M | $98.6K | $3.1K | $569.1K | $3M | |
| Shares Outstanding | 829,631 | 237,191 | 113,096 | 10,962,319 | 3,331,916 | 1,661,431 | 384,266,948 | 168,706,472 | 112,165,839 |
Cash Flow
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $9M | $7M | $6M | $4M | $888.8K | · | $45.3K | $443.1K | $416.3K | |
| Stock-based Comp | $100.0K | $823.5K | $0 | · | $166.9K | · | $222.7K | $6M | $22M | |
| Amort. of Intangibles | $3M | $3M | $3M | $3M | $739.6K | $0 | · | · | · | |
| Other Non-cash | · | · | $19M | $32M | · | · | $32M | $3M | · | |
| Operating Cash Flow | $-6M | $-17M | $-2M | $-3M | $-2M | $-1M | $-2M | $-6M | $-8M | |
| CapEx | · | · | $2M | $6M | $218.7K | · | · | $4.0K | · | |
| Investing Cash Flow | $-934.3K | $-16M | $-2M | $-6M | $-77.7K | · | $91.0K | $-264.6K | $-314.8K | |
| Stock Issued | · | · | $3M | · | · | $321.0K | · | $3M | $3M | |
| Net Stock Activity | · | · | $3M | · | · | · | · | $3M | $3M | |
| Dividends Paid | · | · | · | · | · | · | $29M | · | · | |
| Financing Cash Flow | $5M | $34M | $4M | $6M | $6M | $1M | $2M | $6M | $9M | |
| Net Change in Cash | · | · | · | · | · | · | $-28.4K | $-1M | $827.1K | |
| Free Cash Flow | · | · | $-4M | $-9M | · | · | · | · | · |
Profitability
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 25.4% | · | 40.6% | · | · | · | · | · | · | |
| Operating Margin | -42.5% | · | -54.7% | · | · | · | -14535.9% | -70850.2% | · | |
| Net Margin | -46.3% | · | -75.5% | · | · | · | -144576.3% | -81729.0% | · | |
| Pretax Margin | -46.3% | · | -75.5% | · | · | · | -144576.3% | -81729.0% | · | |
| EBITDA Margin | -42.5% | · | -38.4% | · | · | · | -14344.8% | -68589.3% | · | |
| ROA | -36.5% | · | -61.3% | -88.0% | · | · | -11978.5% | -1019.2% | -2692.2% | |
| ROE | -67.6% | · | 1131.2% | -185.3% | · | · | 111.0% | 289.1% | 711.9% |
Liquidity & Solvency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.2 | · | 0.1 | 0.1 | · | · | 0.0 | 0.0 | 0.1 | |
| Quick Ratio | 0.1 | · | 0.1 | 0.1 | · | · | 0.0 | 0.0 | 0.1 | |
| Debt / Equity | 0.3 | · | -0.6 | · | · | · | · | · | · | |
| Interest Coverage | · | · | -2.2 | -0.3 | · | · | -0.7 | -7.0 | -55.8 |
Efficiency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.8 | · | 0.8 | · | · | · | 0.1 | 0.0 | · | |
| Inventory Turnover | 13.6 | · | 108.6 | 75.5 | · | · | · | · | · | |
| Receivables Turnover | 39.4 | · | 82.8 | · | · | · | · | · | · |
Per Share
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $31.26 | · | $-0.26 | $1.40 | · | · | $-0.10 | $-0.04 | $-0.10 | |
| Revenue / Share | $78.24 | · | $2.73 | · | · | · | · | · | · | |
| Cash Flow / Share | $-10.02 | · | $-0.14 | $-0.40 | · | · | · | · | · | |
| Cash / Share | $1.13 | · | $0.09 | $0.07 | · | · | $0.00 | $0.00 | $0.01 | |
| EPS (TTM) | $-41.21 | $-8.47 | $-385.81 | $-9.71 | $0.36 | $-23.99 | $-0.19 | · | · |
Growth Rates
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 40.1% | -6.6% | 5.0% | 319.6% | 116184.3% | · | · | · | · | |
| Revenue CAGR 3Y | 11.2% | 60.2% | 1623.8% | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 482.4% | · | · | · | · | · | · | · | · |
Valuation (TTM)
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $47M | $33M | $36M | $34M | $4.0K | $7.0K | $23.7K | $19.6K | $319.2K | |
| Net Income TTM | $-22M | $-24M | $-27M | $-35M | $-2M | $-15M | $-34M | $-16M | $-44M | |
| Market Cap | $4M | · | $158.15B | $159.35B | · | · | $9.51T | $49.27T | $333.69T | |
| Enterprise Value | $11M | · | $158.15B | · | · | · | · | · | · | |
| P/E | -0.1 | -9.1 | -24.2 | -1497.1 | 646250.0 | -1238.0 | -130263.2 | · | · | |
| P/S | 0.1 | · | 4433.9 | 4689.9 | · | · | 401240643.1 | 2514197333.7 | 1045250194.9 | |
| P/B | 0.2 | · | -35506.2 | 10389.8 | · | · | -257957.3 | -7207151.5 | -29333315.8 | |
| P / Tangible Book | 0.4 | 100.8 | · | · | · | · | · | · | · | |
| P / Cash Flow | -0.7 | · | -86264.7 | -61074.4 | · | · | -5291822.9 | -7669908.5 | -41724191.7 | |
| P / FCF | · | · | -44000.8 | -18648.3 | · | · | · | · | · | |
| EV / EBITDA | -0.5 | · | -11544.0 | · | · | · | · | · | · | |
| EV / FCF | · | · | -44001.1 | · | · | · | · | · | · | |
| EV / Revenue | 0.2 | · | 4434.0 | · | · | · | · | · | · | |
| Dividend Yield | · | · | · | · | · | · | 0.00% | · | · | |
| Earnings Yield | -786.4% | -10.9% | -4.1% | -0.07% | 0.00% | -0.08% | 0.00% | · | · | |
| Payout Ratio | · | · | · | · | · | · | -84.4% | · | · | |
| Annual Payout | · | · | · | · | · | · | $29M | · | · |
Income Statement
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $16M | $16M | $16M | $13M | $11M | $7M | $8M | $9M | $8M | $9M | $9M | $8M | $9M | $9M | $6M | $7M | |
| Cost of Revenue | $10M | $9M | $13M | $9M | $9M | $4M | $5M | $5M | $6M | $5M | $5M | $5M | $6M | $4M | $4M | $5M | |
| Gross Profit | $6M | $7M | $3M | $3M | $2M | $3M | $4M | $4M | $2M | $3M | $4M | $3M | $3M | $5M | $2M | $2M | |
| Operating Expenses | $9M | $8M | $9M | $8M | $7M | $7M | $22M | $8M | $11M | $6M | $6M | $16M | $5M | $7M | $8M | $6M | |
| Operating Income | $-3M | $-1M | $-6M | $-5M | $-5M | $-4M | $-18M | $-4M | $-9M | $-3M | $-2M | $-13M | $-2M | $-2M | $-6M | $-3M | |
| Interest Expense | · | · | · | · | · | · | · | · | · | $2M | · | $4M | $891.8K | $2M | $813.6K | $688.6K | |
| Other Non-op | $-1.3K | $-924 | $-1M | $-359.3K | $349 | $26.6K | $-6M | $-361.1K | $16M | $1.4K | $5M | · | · | $-2M | $-727.8K | $-5M | |
| Pretax Income | $-3M | $-2M | $-7M | $-5M | $-5M | $-5M | $-18M | $-5M | $7M | $-8M | $-4M | $-16M | $-2M | $-4M | $-7M | $-9M | |
| Net Income | $-3M | $-2M | $-7M | $-5M | $-5M | $-5M | $-18M | $-5M | $7M | $-8M | $-4M | $-16M | $-2M | $-4M | $-7M | $-9M | |
| EPS (Basic) | $-3.91 | $-1.81 | $-5.53 | $-8.89 | $-8.98 | $-17.85 | $26490.19 | $-28.74 | $-921.46 | $-26472.13 | $-92.55 | $-262.70 | $-30.20 | $-0.36 | $0.37 | $-4.30 | |
| EPS (Diluted) | $-3.91 | $-1.81 | $-5.49 | $-8.89 | $-8.98 | $-17.85 | $26820.63 | $-28.74 | $-921.46 | $-26472.13 | $-92.55 | $-262.70 | $-30.20 | $-0.36 | $0.37 | $-4.30 | |
| Shares (Basic) | 829,631 | 829,631 | · | 593,980 | 547,695 | 429,551 | · | 166,937 | 47,541 | 1,264 | · | 88,135 | 75,005 | 11,209,142 | · | 8,696,483 | |
| Shares (Diluted) | 829,631 | 829,631 | · | 593,980 | 547,695 | 429,551 | · | 166,937 | 47,541 | 1,264 | · | 88,135 | 75,005 | 11,209,142 | · | 8,696,483 | |
| EBITDA | $-3M | $-1M | · | $-5M | $-5M | $-2M | · | $-4M | $-9M | $-1M | · | $-13M | $-2M | $-666.3K | · | $-3M |
Balance Sheet
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $655.0K | $1M | $935.8K | $1M | $5M | $6M | $3M | $15M | $24M | $713.2K | $2M | $1M | $375.0K | $276.1K | $821.8K | $2M | |
| Receivables | $2M | $2M | $1M | $2M | $2M | $2M | $1M | $2M | $810.1K | $943.2K | $646.4K | $493.1K | $226.6K | $359.5K | $215.3K | $672.7K | |
| Inventory | $3M | $3M | $2M | $3M | $1M | $5M | $3M | $2M | $1M | $400.2K | $200.4K | $146.7K | $119.6K | $493.5K | $189.6K | $717.7K | |
| Prepaid Expense | $1M | $130.6K | $524.7K | $928.8K | $1M | $288.4K | $921.6K | $527.5K | $754.2K | $162.7K | $296.8K | $485.1K | $609.5K | $55.1K | $12.8K | $38.6K | |
| Current Assets | $7M | $6M | $5M | $7M | $10M | $13M | $8M | $20M | $27M | $2M | $3M | $3M | $1M | $1M | $1M | $3M | |
| PP&E (Net) | $33M | $35M | $36M | $38M | $38M | $38M | $37M | $31M | $28M | $23M | $23M | $24M | $18M | $18M | $13M | $8M | |
| PP&E (Gross) | $48M | $48M | $48M | $48M | $47M | $46M | $45M | $38M | $34M | $29M | $29M | $29M | $21M | $21M | $16M | $10M | |
| Accum. Depreciation | $15M | $13M | $12M | $11M | $9M | $8M | $8M | $7M | $6M | $6M | $5M | $4M | $4M | $3M | $3M | $2M | |
| Goodwill | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · | $2M | |
| Intangibles | $12M | $13M | $14M | $15M | $15M | $16M | $17M | $18M | $18M | $19M | $20M | $21M | $2M | $2M | $23M | $2M | |
| Total Assets | $53M | $54M | $55M | $60M | $64M | $68M | $63M | $70M | $75M | $45M | $46M | $48M | $42M | $44M | $41M | $40M | |
| Accounts Payable | $3M | $3M | $3M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $827.8K | |
| Accrued Liabilities | $4M | $2M | $2M | $2M | $2M | $1M | $1M | $958.6K | $892.5K | $1M | $2M | $2M | $2M | $2M | $2M | $908.3K | |
| Short-term Debt | $7M | $7M | $7M | $7M | $7M | $8M | $10M | $3M | $3M | $3M | · | · | · | · | · | · | |
| Current Liabilities | $30M | $24M | $23M | $21M | $20M | $20M | $21M | $13M | $13M | $23M | $40M | $19M | $24M | $23M | $19M | $14M | |
| Capital Leases | $192.2K | $174.8K | $233.5K | $279.8K | $346.7K | $702.4K | $773.8K | $831.0K | $883.7K | $929.4K | $94.9K | $131.2K | · | $46.1K | $116.3K | $211.4K | |
| Total Liabilities | $32M | $29M | $29M | $27M | $26M | $26M | $26M | $18M | $19M | $40M | $51M | $48M | $33M | $32M | $26M | $18M | |
| Long-term Debt | $5M | $6M | $6M | $6M | $6M | $5M | $4M | $4M | $5M | $13M | · | $23M | $9M | $10M | · | · | |
| Total Debt | $7M | $7M | · | $7M | $7M | $8M | · | $3M | $3M | $3M | · | · | · | · | · | · | |
| Common Stock | $830 | $830 | $830 | $693 | $556 | $520 | $237 | $22.4K | $12.8K | $43.9K | $113 | $15.9K | $11.3K | $11.3K | $11.0K | $10.7K | |
| Paid-in Capital | $547M | $547M | $547M | $547M | $547M | $546M | $533M | $529M | $529M | $435M | $391M | $391M | $378M | $378M | $378M | $379M | |
| Retained Earnings | $-526M | $-522M | $-521M | $-514M | $-509M | $-504M | $-496M | $-478M | $-473M | $-429M | $-396M | $-392M | $-369M | $-366M | $-362M | $-357M | |
| Stockholders' Equity | $21M | $24M | $26M | $33M | $38M | $42M | $37M | $51M | $56M | $6M | $-4M | $-308.2K | $9M | $11M | $15M | $22M | |
| Liabilities + Equity | $53M | $54M | $55M | $60M | $64M | $68M | $63M | $70M | $75M | $45M | $46M | $48M | $42M | $44M | $41M | $40M | |
| Shares Outstanding | 829,631 | 829,631 | 829,631 | 693,431 | 556,087 | 519,723 | 237,191 | 22,378,762 | 12,750,628 | 43,864,860 | 113,096 | 15,880,742 | 11,250,813 | 11,250,813 | 10,962,319 | 10,712,319 |
Cash Flow
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $1M | $1M | $1M | $975.3K | |
| Stock-based Comp | · | · | · | · | · | $100.0K | $761.1K | $20.7K | $20.8K | $20.8K | $-171.2K | · | · | · | · | · | |
| Amort. of Intangibles | $739.6K | $739.6K | $739.6K | $739.6K | $739.6K | $739.6K | $739.6K | $739.6K | $739.6K | $739.6K | $739.6K | $739.6K | $739.6K | $739.6K | $739.6K | $739.6K | |
| Other Non-cash | · | · | · | · | · | $-2M | · | · | · | $3M | · | · | · | $3M | · | · | |
| Operating Cash Flow | $-370.4K | $1M | $-115.2K | $-3M | $1M | $-4M | $-2M | $-671.2K | $-11M | $-3M | $753.7K | $-4M | $1M | $-204.0K | $-541.9K | $-3M | |
| CapEx | $0 | $65.0K | · | · | $571.2K | $210.5K | · | · | · | · | · | · | $114.1K | $712.3K | $2M | $1M | |
| Investing Cash Flow | $0 | $25.0K | $136.0K | $-440.7K | $-571.2K | $-58.5K | $-6M | $-8M | · | · | $-100.4K | $-751.3K | $-114.1K | $-712.3K | $-2M | $-1M | |
| Financing Cash Flow | $-437.5K | $-816.4K | $-535.5K | $-470.4K | $-870.3K | $7M | $-5M | $-690.2K | $37M | $3M | $-556.5K | $6M | $-1M | $370.6K | $2M | $4M | |
| Free Cash Flow | · | $1M | · | · | · | $-4M | · | · | · | · | · | · | · | $-916.3K | · | · |
Profitability
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 37.9% | 41.9% | · | 27.6% | 19.2% | 47.5% | · | 41.7% | 29.0% | 38.4% | · | 35.8% | 35.0% | 52.3% | · | 33.8% | |
| Operating Margin | -17.8% | -6.6% | · | -38.8% | -42.3% | -52.9% | · | -52.2% | -113.7% | -33.1% | · | -164.8% | -22.2% | -21.4% | · | -44.8% | |
| Net Margin | -20.3% | -9.2% | · | -41.6% | -44.7% | -63.6% | · | -56.4% | 92.9% | -94.8% | · | -201.6% | -24.1% | -44.5% | · | -116.8% | |
| Pretax Margin | -20.3% | -9.2% | · | -41.6% | -44.7% | -63.6% | · | -56.4% | 92.9% | -94.8% | · | -201.6% | -24.1% | -44.5% | · | -116.8% | |
| EBITDA Margin | -17.8% | -6.6% | · | -38.8% | -42.3% | -24.0% | · | -52.2% | -113.7% | -13.8% | · | -164.8% | -22.2% | -7.4% | · | -44.8% | |
| ROA | -5.5% | -2.5% | · | -8.2% | -7.1% | -8.3% | · | -8.2% | 12.5% | -18.1% | · | -37.4% | -5.6% | -9.9% | · | -42.6% | |
| ROE | -11.0% | -4.6% | · | -12.6% | -10.5% | -19.8% | · | -18.8% | 22.5% | -95.3% | · | -148.7% | 117.6% | -64.2% | · | -355.6% |
Liquidity & Solvency
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.2 | 0.2 | · | 0.3 | 0.5 | 0.6 | · | 1.5 | 2.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.2 | |
| Quick Ratio | 0.1 | 0.1 | · | 0.2 | 0.4 | 0.4 | · | 1.3 | 2.0 | 0.1 | · | 0.1 | 0.0 | 0.0 | · | 0.2 | |
| Debt / Equity | 0.3 | 0.3 | · | 0.2 | 0.2 | 0.2 | · | 0.0 | 0.0 | 0.5 | · | · | · | · | · | · | |
| Interest Coverage | · | · | · | · | · | · | · | · | · | -1.3 | · | -3.7 | -2.3 | -0.9 | · | -4.8 |
Efficiency
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.3 | 0.3 | · | 0.2 | 0.2 | 0.1 | · | 0.1 | 0.1 | 0.2 | · | 0.2 | 0.2 | 0.2 | · | 0.4 | |
| Inventory Turnover | 4.6 | 2.6 | · | 3.7 | 7.9 | 1.6 | · | 4.3 | 9.0 | 11.7 | · | 12.1 | 19.6 | 7.1 | · | 13.6 | |
| Receivables Turnover | 8.2 | 8.6 | · | 6.7 | 7.3 | 4.6 | · | 7.1 | 15.2 | 13.1 | · | 14.0 | 60.9 | 50.2 | · | 21.8 |
Per Share
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $25.54 | $29.45 | · | $47.12 | $68.25 | $79.91 | · | $2.29 | $4.40 | $0.13 | · | $-0.02 | $0.80 | $1.01 | · | $2.10 | |
| Revenue / Share | $19.28 | $19.62 | · | $21.34 | $20.08 | $17.07 | · | $0.46 | $1.52 | $0.41 | · | $0.62 | $0.84 | $0.81 | · | $0.84 | |
| Cash Flow / Share | · | $1.59 | · | · | · | $-9.69 | · | · | · | $-0.17 | · | · | · | $-0.02 | · | · | |
| Cash / Share | $0.79 | $1.76 | · | $2.09 | $9.52 | $10.59 | · | $0.68 | $1.91 | $0.02 | · | $0.09 | $0.03 | $0.02 | · | $0.15 | |
| EPS (TTM) | $-20.10 | $-25.17 | · | $26784.91 | $26765.06 | $25852.58 | · | $-27514.88 | $-27748.84 | $-26857.58 | · | $-292.89 | $-34.49 | $-8.52 | · | $-3.66 |
Valuation (TTM)
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $61M | $56M | · | $39M | $35M | $32M | · | $34M | $34M | $35M | · | $33M | $32M | $33M | · | · | |
| Net Income TTM | $-17M | $-18M | · | $-33M | $-33M | $-21M | · | $-10M | $-21M | $-31M | · | $-30M | $-22M | $-34M | · | $-40M | |
| Market Cap | $2M | $3M | · | $5M | $12M | $13M | · | $1.05B | $2.48B | $87.58B | · | $178.18B | $141.27B | $183.41B | · | $305.78B | |
| Enterprise Value | $9M | $8M | · | $10M | $14M | $16M | · | $1.04B | $2.46B | $87.58B | · | · | · | · | · | · | |
| P/E | -0.1 | -0.1 | · | 0.0 | 0.0 | 0.0 | · | -0.0 | -0.0 | -0.1 | · | -38.3 | -364.1 | -1913.4 | · | -7799.2 | |
| P/S | 0.0 | 0.1 | · | 0.1 | 0.3 | 0.4 | · | 31.0 | 73.9 | 2493.0 | · | 5457.8 | 4440.7 | 5541.0 | · | · | |
| P/B | 0.1 | 0.1 | · | 0.1 | 0.3 | 0.3 | · | 20.5 | 44.3 | 15606.5 | · | -578152.3 | 15615.5 | 16214.0 | · | 13594.8 | |
| P / Tangible Book | 0.3 | 0.3 | · | 0.3 | 0.5 | 0.5 | · | 31.3 | 65.9 | · | · | · | 19972.0 | 19964.8 | · | 17409.5 | |
| P / Cash Flow | · | 2.1 | · | · | · | -3.2 | · | · | · | -25305.0 | · | · | · | -899226.6 | · | · | |
| EV / Revenue | 0.1 | 0.2 | · | 0.3 | 0.4 | 0.5 | · | 30.6 | 73.3 | 2493.0 | · | · | · | · | · | · | |
| Earnings Yield | -679.0% | -744.7% | · | 395057.7% | 126071.9% | 99586.2% | · | -58579.7% | -14252.1% | -1345.2% | · | -2.6% | -0.27% | -0.05% | · | -0.01% |
Most recent period on the left · null values shown as ·
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Revenue | $47M | $33M | $36M | $34M | · |
| Gross Margin % | 25.4% | · | 40.6% | · | · |
| Operating Margin % | -42.5% | · | -54.7% | · | · |
| Net Income | $-22M | $-24M | $-27M | $-35M | $-2M |
| Diluted EPS | $-41.21 | $-601.70 | $-385.81 | $-9.71 | $0.36 |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Debt / Equity | 0.3 | · | -0.6 | · | · |
| Current Ratio | 0.2 | · | 0.1 | 0.1 | · |
| Quick Ratio | 0.1 | · | 0.1 | 0.1 | · |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Free Cash Flow | · | · | $-4M | $-9M | · |
Institutional owners (13F) 9 filers · $44K total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Holders
9
Value held
$44K
New positions
1
Exited positions
2
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 1 (-2 vs prior Q) | 2 (0 vs prior Q) | 1 (0 vs prior Q) | 1 (0 vs prior Q) | -16K |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| UBS Group AG | $31,512 | 10,646 | 71.67% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $9,044 | 3,045 | 20.57% | Shares |
| Tower Research Capital LLC (TRC) | $2,554 | 863 | 5.81% | Shares |
| CIBC Private Wealth Group LLC | $610 | 90 | 1.39% | Shares |
| MORGAN STANLEY | $213 | 72 | 0.48% | Shares |
| OSAIC HOLDINGS, INC. | $26 | 9 | 0.06% | Shares |
| WELLS FARGO & COMPANY/MN | $6 | 2 | 0.01% | Shares |
| Caitong International Asset Management Co., Ltd | $3 | 1 | 0.01% | Shares |
| CWM, LLC | $3 | 1 | 0.01% | Shares |
Activists & 5%+ owners 2 positions
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| Danny Meeks | Feb. 15, 2022 | · | Initial filing | M&A / sale | SEC |
| Isaac Dietrich | Nov. 20, 2017 | · | Initial filing | · | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
Company insiders 19 insiders · 8 officers · 12 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Danny Meeks | Chief Executive Officer | Aug. 27, 2026 P | 2,188,354 | 1 | 0 | $8,008,613 |
| Dietrich Isaac | Chief Executive Officer | Dec. 3, 2024 A | 300,168 | 0 | 0 | $0 |
| Scott C Kveton | Chief Executive Officer | March 9, 2018 S | 1,815,606 | 0 | 0 | $0 |
| Jesus Quintero | Chief Financial Officer | July 26, 2018 J | 320,075 | 0 | 0 | $0 |
| George R Pullar | Chief Financial Officer | Jan. 1, 2017 A | 100,000 | 0 | 0 | $0 |
| Daniel Charles Hunt | Chief Operations Officer | Dec. 30, 2016 S | 255,000 | 0 | 0 | $0 |
| Lance Galey | Chief Technology Officer | Dec. 19, 2016 A | 600,000 | 0 | 0 | $0 |
| Stewart Fortier | Chief Technology Officer | Oct. 28, 2014 P | 3,685,976 | 0 | 0 | $0 |
| Jason T Adelman | Director | Feb. 28, 2025 S | 300,000 | 0 | 0 | $0 |
| Henry Sicignano III | Director | Dec. 4, 2024 P | 400,000 | 0 | 0 | $0 |
| Cheryl Elizabeth Lanthorn | Director | Dec. 3, 2024 A | 300,000 | 0 | 0 | $0 |
| John Bryan Plumlee | Director | Aug. 18, 2022 P | 2,000 | 0 | 0 | $0 |
| Graham Farrar | Director | July 26, 2018 J | · | 0 | 0 | $0 |
| Charles Blum | Director | July 26, 2018 J | 250,000 | 0 | 0 | $0 |
| Cecil Bond Kyte | Director | July 26, 2018 J | 750,000 | 0 | 0 | $0 |
| Terence Anthony Fitch | Director | Dec. 12, 2017 A | 100,000 | 0 | 0 | $0 |
| Vincent Keber | Director | Dec. 12, 2017 A | 250,000 | 0 | 0 | $0 |
| Ean Seeb | Director | Dec. 12, 2017 A | 363,788 | 0 | 0 | $0 |
| Steven Lee Osborn II | · | March 9, 2018 S | 1,267,500 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 1 ETF
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| VXF · VANGUARD INDEX FUNDS | 0.00% | 3,045 SH | Aug. 19, 2026 | Daily |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
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Source: SEC 10-Q filed Aug 18, 2026