HSDT Stock Price Chart
Daily OHLCV with technical indicators — pan, zoom, and customize your view
04
range
bars
Bar granularity adapts to the selected period — hover the chart to see open/high/low/close for a bar.
Stock splits5
Ex-date
Split
Type
July 1, 2025
1-for-50
Reverse
May 2, 2025
1-for-15
Reverse
Aug. 17, 2023
1-for-50
Reverse
Jan. 4, 2021
1-for-35
Reverse
Jan. 23, 2018
1-for-5
Reverse
10-Year Performance
Revenue, net income, margins and EPS trends
06
Revenue$6M2018-12-31 → 2025-12-31
EPS$-1.852018-12-31 → 2025-12-31
Free Cash Flow·2018-12-31 → 2024-12-31
Net margin-1302.8%2018-12-31 → 2025-12-31
Valuation & Ratios07–12
Valuation
P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
HSDT
5Y avg
Peer Median
Verdict
P/E (TTM)
0.05Y avg ≈-5401.7
≈-5401.7
·
·
P/S (TTM)
12.55Y avg ≈366509.0
≈366509.0
3.9
Overvalued
P/B (MRQ)
0.95Y avg ≈21762.8
≈21762.8
3.9
Undervalued
Price / Cash Flow
-9.05Y avg ≈-15648.9
≈-15648.9
·
·
Price / Tangible Book
0.55Y avg ≈23316.1
≈23316.1
·
·
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
HSDT
5Y avg
Peer Median
Verdict
Gross Margin (TTM)
95.5%5Y avg ≈34.7%
≈34.7%
51.1%
Top tier
Operating Margin (TTM)
-3055.0%5Y avg ≈-2820.6%
≈-2820.6%
-3.6%
Weak
EBITDA Margin
-4052.5%5Y avg ≈-2820.6%
≈-2820.6%
-3.6%
Weak
Pretax Margin (TTM)
-1302.8%5Y avg ≈-1914.7%
≈-1914.7%
-1.8%
Weak
Net Profit Margin (TTM)
-1302.8%5Y avg ≈-1914.7%
≈-1914.7%
-4.0%
Weak
ROA (TTM)
-171.0%5Y avg ≈-114.4%
≈-114.4%
-26.6%
In line
ROE (TTM)
-183.2%5Y avg ≈-239.1%
≈-239.1%
-15.7%
Weak
ROIC
-81.0%5Y avg ≈-528.3%
≈-528.3%
-17.6%
Weak
Financial Health
Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
HSDT
5Y avg
Peer Median
Verdict
Current Ratio (MRQ)
13.35Y avg ≈5.8
≈5.8
1.9
Strong liquidity
Quick Ratio
2.45Y avg ≈3.5
≈3.5
1.3
Strong liquidity
Growth
Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
HSDT
5Y avg
Peer Median
Verdict
Revenue YoY
1057.1%5Y avg ≈209.9%
≈209.9%
·
·
Revenue CAGR 3Y
97.0%5Y avg ≈32.0%
≈32.0%
·
·
Revenue CAGR 5Y
55.5%
·
·
·
Per Share Metrics
EPS, book value per share, cash flow per share, dividend per share
Metric
5Y trend
HSDT
5Y avg
Peer Median
Verdict
EPS (Diluted)
$-1.855Y avg ≈$-671.64
≈$-671.64
·
·
Revenue / Share
$0.275Y avg ≈$0.36
≈$0.36
·
·
Cash Flow / Share
$-0.755Y avg ≈$-5.69
≈$-5.69
·
·
Cash / Share
$0.175Y avg ≈$2.23
≈$2.23
·
·
Capital Efficiency
Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
HSDT
5Y avg
Peer Median
Verdict
Asset Turnover
0.05Y avg ≈0.1
≈0.1
1.1
Weak
Inventory Turnover
0.55Y avg ≈0.8
≈0.8
4.0
Weak
Revenue / Employee
≈$286.5K
·
·
·
value · ≈ 5Y avg · industry median · verdict relative to median
Earnings History
EPS actual vs estimate, surprise %, beat rate, next earnings date
14
Avg Surprise-45.1%
Period
Report
EPS Actual
EPS Est
Surprise
June 30, 2026
Aug 14, 2026
$-0.08
$-0.02
-292.2%
March 31, 2026
May 15, 2026
$-1.30
$-0.49
-165.5%
Sept. 30, 2025
$20.84
$-51.51
140.5%
June 30, 2025
$-79.73
$-131.07
39.2%
March 31, 2025
$-382.50
$-443.70
13.8%
Dec. 31, 2024
$-765.00
$-719.10
-6.4%
Full Fundamentals
All metrics by year — income statement, balance sheet, cash flow
15
Income Statement16
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
Revenue
$6M
$520.0K
$644.0K
$787.0K
$522.0K
$661.0K
$1M
$478.0K
Cost of Revenue
$500.0K
$582.0K
$583.0K
$463.0K
$298.0K
$388.0K
$846.0K
·
Gross Profit
$6M
$-62.0K
$61.0K
$324.0K
$224.0K
$273.0K
$650.0K
$478.0K
R&D Expense
$4M
$4M
$3M
$4M
$6M
$5M
$8M
$10M
SG&A Expense
$23M
$10M
$9M
$11M
$12M
$10M
$17M
$17M
Operating Expenses
$249M
$14M
$12M
$16M
$18M
$15M
$25M
$27M
Operating Income
$-244M
$-14M
$-12M
$-16M
$-18M
$-14M
$-24M
$-27M
Other Non-op
$203M
$2M
$4M
$1M
$10.0K
$256.0K
$14M
$-2M
Pretax Income
$-41M
$-12M
$-9M
$-14M
$-18M
$-14M
$10M
$29M
Income Tax
$0
$0
$0
$0
$0
$0
$0
·
Net Income
$-41M
$-12M
$-9M
$-14M
$-18M
$-14M
$-10M
$-29M
EPS (Basic)
$-1.85
$-3282.26
$-14.56
$-52.13
$-7.38
$-11.80
$-12.99
$-1.26
EPS (Diluted)
$-1.85
$-3282.26
$-14.56
$-52.13
$-7.38
$-11.80
$-12.99
$-1.26
Shares (Basic)
22,047,841
3,577
607,890
269,929
2,456,782
1,197,774
752,932
22,786,192
Shares (Diluted)
22,047,841
3,577
607,890
269,929
2,456,782
1,197,774
752,932
22,786,192
EBITDA
$-244M
$-14M
$-12M
$-16M
$-18M
$-14M
·
$-27M
Balance Sheet26
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
Cash & Equivalents
$7M
$1M
$5M
$15M
$11M
$3M
$5M
$26M
Receivables
·
$70.0K
$117.0K
$71.0K
$66.0K
$74.0K
$210.0K
$177.0K
Inventory
$1M
$1M
$457.0K
$589.0K
$476.0K
$389.0K
$598.0K
$392.0K
Prepaid Expense
$3M
$1M
$689.0K
$817.0K
$236.0K
$735.0K
$610.0K
$447.0K
Other Current Assets
$73.0K
$198.0K
·
·
·
·
·
$264.0K
Current Assets
$31M
$3M
$7M
$17M
$13M
$5M
$7M
$27M
PP&E (Net)
·
$107.0K
$178.0K
$347.0K
$409.0K
$486.0K
$712.0K
$554.0K
PP&E (Gross)
·
$502.0K
$537.0K
$661.0K
$650.0K
$689.0K
$897.0K
$630.0K
Accum. Depreciation
·
$395.0K
$359.0K
$314.0K
$241.0K
$203.0K
$185.0K
$76.0K
Goodwill
·
·
·
·
$763.0K
$759.0K
$1M
·
Intangibles
·
·
$24.0K
$140.0K
$333.0K
$527.0K
$582.0K
·
Other Non-current Assets
$75.0K
$118.0K
·
·
·
·
$18.0K
$18.0K
Total Assets
$304M
$4M
$8M
$17M
$14M
$7M
$10M
$28M
Accounts Payable
$2M
$873.0K
$531.0K
$627.0K
$1M
$747.0K
$2M
$2M
Accrued Liabilities
·
·
·
·
$1M
$1M
$2M
$2M
Current Liabilities
$3M
$2M
$2M
$2M
$3M
$2M
$4M
$18M
Capital Leases
·
·
$12.0K
$56.0K
·
$32.0K
$465.0K
·
Other Non-current Liabilities
·
$79.0K
·
·
·
·
·
·
Total Liabilities
$3M
$2M
$5M
$9M
$3M
$3M
$5M
$18M
Common Stock
$44.0K
$4.0K
$1.0K
$1.0K
$4.0K
$1.0K
$1.0K
$26.0K
Retained Earnings
$-213M
$-172M
$-160M
$-151M
$-137M
$-119M
$-105M
$-95M
Treasury Stock
$0
·
·
·
·
·
·
·
AOCI
$-261.0K
$333.0K
$-673.0K
$-388.0K
$-1M
$-1M
$-902.0K
$-591.0K
Stockholders' Equity
$301M
$1M
$2M
$8M
$11M
$4M
$6M
$10M
Liabilities + Equity
$304M
$4M
$8M
$17M
$14M
$7M
$10M
$28M
Shares Outstanding
43,744,207
4,936
714,590
564,094
3,780,674
1,484,362
877,672
25,827,860
Cash Flow11
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
Stock-based Comp
$9M
$3M
$2M
$2M
$4M
$3M
$5M
$8M
Amort. of Intangibles
·
$24.0K
$117.0K
$181.0K
$200.0K
$363.0K
$64.0K
·
Operating Cash Flow
$-17M
$-11M
$-10M
$-14M
$-13M
$-12M
$-21M
$-20M
CapEx
·
$5.0K
$29.0K
$17.0K
$54.0K
$63.0K
$278.0K
$440.0K
Investing Cash Flow
$-427M
$-5.0K
$-29.0K
$-11.0K
$-56.0K
$-9.0K
$-769.0K
$-440.0K
Stock Issued
$30M
$3M
$500.0K
$19M
$23M
$11M
$2M
$39M
Net Stock Activity
$30M
$3M
$500.0K
$19M
$23M
$11M
·
$39M
Financing Cash Flow
$449M
$7M
$1M
$18M
$21M
$10M
$2M
$40M
Net Change in Cash
$6M
$-4M
$-9M
$4M
$8M
$-2M
$-20M
$20M
Taxes Paid
$6.5K
·
·
·
·
·
·
·
Free Cash Flow
·
$-11M
$-10M
$-14M
$-13M
$-12M
·
$-20M
Profitability8
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
Gross Margin
91.7%
-11.9%
9.5%
41.2%
42.9%
41.3%
·
·
Operating Margin
-4052.5%
-2673.7%
-1929.8%
-1971.5%
-3475.5%
-2176.4%
·
-5580.5%
Net Margin
-679.6%
-2258.1%
-1374.2%
-1788.1%
-3473.6%
-2137.7%
·
-5988.1%
Pretax Margin
-679.6%
-2258.1%
-1374.2%
-1788.1%
-3473.6%
2137.7%
·
5988.1%
EBITDA Margin
-4052.5%
-2673.7%
-1929.8%
-1971.5%
-3475.5%
-2176.4%
·
-5580.5%
ROA
-26.6%
-209.0%
-70.9%
-89.7%
-175.6%
-167.3%
·
-165.3%
ROE
-26.6%
-483.4%
-329.6%
-133.3%
-222.6%
-399.8%
·
-1060.7%
ROIC
-81.0%
-1312.8%
-528.9%
-190.4%
·
-371.6%
·
·
Liquidity & Solvency2
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
Current Ratio
10.3
1.6
4.0
8.4
4.7
1.9
·
1.5
Quick Ratio
2.4
0.5
2.8
7.4
4.2
1.4
·
1.4
Efficiency3
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
Asset Turnover
0.0
0.1
0.1
0.1
0.1
0.1
·
0.0
Inventory Turnover
0.5
0.8
1.1
0.9
0.7
0.8
·
·
Receivables Turnover
·
5.6
6.9
11.5
7.5
4.7
·
1.0
Per Share5
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
Book Value / Share
$6.88
$0.28
$3.29
$0.29
$2.98
$2.61
·
$0.38
Revenue / Share
$0.27
$0.19
$1.06
$0.06
$0.21
$0.55
·
·
Cash Flow / Share
$-0.75
$-4.07
$-17.13
$-1.06
$-5.45
$-9.80
·
·
Cash / Share
$0.17
$0.29
$7.25
$0.52
$2.91
$2.24
·
$0.99
EPS (TTM)
$-1.85
$-3282.26
$-14.56
$-52.13
$-7.38
$-11.80
$-12.99
$-1.26
Growth Rates3
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
Revenue YoY
1057.1%
-19.2%
-18.2%
50.8%
-21.0%
·
·
·
Revenue CAGR 3Y
97.0%
-0.13%
-0.86%
·
·
·
·
·
Revenue CAGR 5Y
55.5%
·
·
·
·
·
·
·
Valuation (TTM)10
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
Revenue TTM
$6M
$520.0K
$644.0K
$787.0K
$522.0K
$661.0K
$1M
$478.0K
Net Income TTM
$-41M
$-12M
$-9M
$-14M
$-18M
$-14M
$-10M
$-29M
Market Cap
$126M
$1.87B
$4.31B
$324.74B
$735.81B
$734.48B
·
$310.52T
P/E
-1.6
-0.2
-414.1
-220.8
-26372.0
-41933.3
-98008.1
-9541666.7
P/S
21.0
3602.7
6690.1
412626.3
1409604.7
1111166.2
·
649613905.5
P/B
0.4
1769.0
1833.4
39840.1
65370.8
189739.3
·
31511614.3
P / Tangible Book
0.4
1769.0
1852.3
40536.4
72422.6
284131.9
·
·
P / Cash Flow
-7.7
-169.7
-413.6
-22693.0
-54960.7
-62572.9
·
-15825668.8
P / FCF
·
-169.6
-412.5
-22666.1
-54739.9
-62238.9
·
-15478562.7
Earnings Yield
-64.0%
-653.2%
-0.24%
-0.45%
0.00%
0.00%
0.00%
0.00%
Income Statement16
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
$3M
$4M
$5M
$697.0K
$43.0K
$49.0K
$152.0K
$51.0K
$182.0K
$135.0K
$134.0K
$143.0K
$256.0K
$111.0K
$282.0K
$196.0K
Cost of Revenue
$77.0K
$180.0K
$180.0K
$103.0K
$96.0K
$121.0K
$154.0K
$187.0K
$118.0K
$123.0K
$90.0K
$187.0K
$184.0K
$122.0K
$150.0K
$101.0K
Gross Profit
$2M
$3M
$5M
$594.0K
$-53.0K
$-72.0K
$-2.0K
$-136.0K
$64.0K
$12.0K
$44.0K
$-44.0K
$72.0K
$-11.0K
$132.0K
$95.0K
R&D Expense
·
·
$886.0K
$858.0K
$822.0K
$945.0K
$924.0K
$1M
$870.0K
$788.0K
$650.0K
$722.0K
$684.0K
$886.0K
$794.0K
$751.0K
SG&A Expense
$11M
$5M
$13M
$5M
$3M
$4M
$2M
$3M
$2M
$3M
$2M
$2M
$3M
$3M
$2M
$3M
Operating Expenses
$35M
$103M
$206M
$36M
$3M
$4M
$3M
$4M
$3M
$3M
$2M
$3M
$3M
$4M
$3M
$5M
Operating Income
$-33M
$-100M
$-201M
$-35M
$-3M
$-4M
$-3M
$-4M
$-3M
$-3M
$-2M
$-3M
$-3M
$-4M
$-3M
$-5M
Other Non-op
$-259.0K
$-181.0K
$203M
$-154.0K
$-43.0K
$64.0K
$957.0K
$233.0K
$71.0K
$900.0K
$1M
$-510.0K
$2M
$1M
$-2M
$4M
Pretax Income
$-30M
$-100M
$326M
$-353M
$-10M
$-4M
$-4M
$-4M
$-2M
$-3M
$-1M
$-4M
$-2M
$-2M
$-5M
$-1M
Income Tax
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
·
·
·
·
·
·
Net Income
$-30M
$-100M
$326M
$-353M
$-10M
$-4M
$-4M
$-4M
$-2M
$-3M
$-1M
$-4M
$-2M
$-2M
$-5M
$-1M
EPS (Basic)
$-0.38
$-1.30
$111.28
$-32.89
$-79.73
$-382.29
$-2049.53
$-744.35
$-485.30
$-3.08
$-1.73
$-5.49
$-2.92
$-4.42
$-47.11
$-2.90
EPS (Diluted)
$-0.38
$-1.30
$111.28
$-32.89
$-79.73
$-382.29
$-2049.53
$-744.35
$-485.30
$-3.08
$-1.73
$-5.49
$-2.92
$-4.42
$-47.11
$-2.90
Shares (Basic)
79,756,908
76,736,156
·
10,724,112
123,335
10,039
·
4,952
3,322
817,327
·
667,809
564,423
564,134
·
355,754
Shares (Diluted)
79,756,908
76,736,156
·
10,724,112
123,335
10,039
·
4,952
3,322
817,327
·
667,809
564,423
564,134
·
355,754
EBITDA
$-33M
$-100M
·
$-35M
$-3M
$-4M
·
$-4M
$-3M
$-3M
·
$-3M
$-3M
$-4M
·
$-5M
Balance Sheet26
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
$4M
$4M
$7M
$124M
$6M
$1M
$1M
$3M
$6M
$4M
$5M
$7M
$9M
$11M
$15M
$17M
Receivables
·
·
·
·
$12.0K
·
·
$25.0K
$121.0K
$49.0K
$117.0K
$94.0K
$144.0K
$11.0K
$71.0K
$21.0K
Inventory
·
·
$1M
$1M
$1M
$1M
$1M
$774.0K
$821.0K
$384.0K
$457.0K
$521.0K
$563.0K
$617.0K
$589.0K
$609.0K
Prepaid Expense
$2M
$2M
$2M
·
$480.0K
$632.0K
$1M
$299.0K
$454.0K
$547.0K
$689.0K
$421.0K
$588.0K
$687.0K
$817.0K
·
Other Current Assets
·
·
$73.0K
·
·
·
$198.0K
·
·
·
·
·
·
·
·
·
Current Assets
$29M
$28M
$31M
$126M
$8M
$3M
$3M
$5M
$9M
$6M
$7M
$9M
$10M
$13M
$17M
$18M
PP&E (Net)
·
·
·
·
$90.0K
$99.0K
·
$156.0K
$165.0K
$174.0K
$178.0K
$182.0K
$345.0K
$354.0K
$347.0K
$348.0K
PP&E (Gross)
·
·
·
·
·
·
·
·
·
·
$537.0K
·
·
·
$661.0K
·
Accum. Depreciation
·
·
·
·
·
·
·
·
·
·
$359.0K
·
·
·
$314.0K
·
Goodwill
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
$0
Intangibles
·
·
·
·
·
·
·
$2.0K
$9.0K
$17.0K
$24.0K
$31.0K
$65.0K
$101.0K
$140.0K
$178.0K
Other Non-current Assets
$1.0K
$68.0K
$75.0K
$82.0K
·
·
$118.0K
·
·
·
·
·
·
·
·
·
Total Assets
$176M
$201M
$304M
$476M
$8M
$3M
$4M
$6M
$9M
$6M
$8M
$9M
$11M
$14M
$17M
$19M
Accounts Payable
$1M
$2M
$2M
$2M
$1M
$1M
$873.0K
$743.0K
$1M
$814.0K
$531.0K
$497.0K
$576.0K
$840.0K
$627.0K
$570.0K
Accrued Liabilities
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
$551.0K
Current Liabilities
$2M
$3M
$3M
$3M
$2M
$2M
$2M
$1M
$2M
$2M
$2M
$1M
$2M
$2M
$2M
$1M
Capital Leases
·
·
·
·
·
·
·
·
·
·
$12.0K
$23.0K
$35.0K
$46.0K
$56.0K
$70.0K
Other Non-current Liabilities
·
·
·
·
·
·
$79.0K
·
·
·
·
·
·
·
·
·
Total Liabilities
$6M
·
$3M
$628M
$2M
$2M
$2M
$2M
$3M
$4M
$5M
$6M
$6M
$8M
$9M
$6M
Common Stock
$60.0K
$57.0K
$44.0K
$40.0K
$1.0K
$6.0K
·
$4.0K
$3.0K
$1.0K
$1.0K
$1.0K
$28.0K
$28.0K
$1.0K
$28.0K
Retained Earnings
$-343M
$-312M
$-213M
$-538M
$-185M
$-176M
$-172M
$-168M
$-164M
$-162M
$-160M
$-159M
$-155M
$-154M
$-151M
$-146M
Treasury Stock
$6M
$4M
·
·
·
·
·
·
·
·
·
·
·
·
·
·
AOCI
$227.0K
$-44.0K
$-261.0K
$-60.0K
$-295.0K
$282.0K
$333.0K
$-427.0K
$-245.0K
$-385.0K
$-673.0K
$-459.0K
$-650.0K
$-383.0K
$-388.0K
$-232.0K
Stockholders' Equity
$166M
$198M
$301M
$-152M
$6M
$1M
$1M
$4M
$6M
$2M
$2M
$3M
$5M
$6M
$8M
$13M
Liabilities + Equity
$176M
$201M
$304M
$476M
$8M
$3M
$4M
$6M
$9M
$6M
$8M
$9M
$11M
$14M
$17M
$19M
Shares Outstanding
57,416,984
54,961,108
43,744,207
40,299,228
680,475
6,126,778
4,936
3,646,121
3,198,196
887,847
714,590
687,799
28,270,762
28,213,378
564,094
28,201,282
Cash Flow11
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
Stock-based Comp
$63.0K
$90.0K
$8M
$473.0K
$409.0K
$622.0K
$428.0K
$1M
$366.0K
$401.0K
$401.0K
$403.0K
$420.0K
$405.0K
$232.0K
$1M
Amort. of Intangibles
·
·
·
·
·
·
·
$7.0K
$7.0K
$7.0K
$8.0K
$32.0K
$38.0K
$39.0K
$40.0K
$47.0K
Operating Cash Flow
$-12M
$-5M
$-6M
$-4M
$-3M
$-4M
$-2M
$-3M
$-3M
$-3M
$-2M
$-2M
$-3M
$-3M
$-2M
$-4M
CapEx
·
·
·
·
·
·
$0
$0
$0
$5.0K
$3.0K
$6.0K
$1.0K
$19.0K
$-2.0K
$7.0K
Investing Cash Flow
$5M
$5M
$-159M
$-267M
·
·
$0
$0
$0
$-5.0K
$-3.0K
$-6.0K
$-1.0K
$-19.0K
$2.0K
$-7.0K
Stock Issued
·
·
·
·
$6M
$77.0K
$0
$0
$2M
$1M
$216.0K
·
·
·
$0
$18M
Stock Repurchased
$2M
$4M
·
·
·
·
·
·
·
·
·
·
·
·
·
·
Net Stock Activity
·
$-4M
·
·
·
$77.0K
·
·
·
$1M
·
·
·
·
·
·
Financing Cash Flow
$6M
$-4M
$49M
$389M
$8M
$4M
$0
$-149.0K
$6M
$1M
$622.0K
·
·
·
$0
$17M
Net Change in Cash
$-748.0K
$-3M
$-117M
$118M
$5M
$21.0K
$-2M
$-3M
$3M
$-2M
$-1M
$-2M
$-3M
$-3M
$-2M
$13M
Free Cash Flow
·
·
·
·
·
·
·
·
·
$-3M
·
·
·
$-3M
·
·
Profitability8
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
97.0%
95.0%
·
85.2%
-123.3%
-146.9%
·
-266.7%
35.2%
8.9%
·
-30.8%
28.1%
-9.9%
·
48.5%
Operating Margin
-1293.5%
-2751.1%
·
-5086.1%
-7725.6%
-8185.7%
·
-7980.4%
-1796.7%
-2530.4%
·
-2204.9%
-1257.4%
-3432.4%
·
-2476.0%
Net Margin
-1197.8%
-2756.1%
·
-50612.3%
-22867.4%
-7832.6%
·
-7227.5%
-885.7%
-1863.7%
·
-2561.5%
-643.8%
-2246.8%
·
-525.5%
Pretax Margin
-1197.8%
-2756.1%
·
-50612.3%
-22867.4%
-7832.6%
·
-7227.5%
-885.7%
-1863.7%
·
-2561.5%
-643.8%
-2246.8%
·
-525.5%
EBITDA Margin
-1293.5%
-2751.1%
·
-5086.1%
-7725.6%
-8185.7%
·
-7980.4%
-1796.7%
-2530.4%
·
-2204.9%
-1257.4%
-3432.4%
·
-2476.0%
ROA
-32.9%
-97.8%
·
-146.5%
-117.5%
-83.1%
·
-51.1%
-16.4%
-25.8%
·
-26.4%
-19.1%
-21.3%
·
-7.7%
ROE
-35.2%
-100.2%
·
474.8%
-159.1%
-235.0%
·
-108.1%
-29.5%
-62.5%
·
-45.8%
-36.3%
-37.8%
·
-11.5%
ROIC
-19.7%
-50.3%
·
23.3%
-55.1%
-313.4%
·
·
·
·
·
·
·
·
·
·
Liquidity & Solvency2
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
13.3
9.9
·
40.0
4.3
1.7
·
3.6
4.2
3.5
·
6.0
6.7
7.4
·
15.2
Quick Ratio
1.7
1.6
·
39.5
3.4
0.6
·
2.3
3.2
2.3
·
4.7
5.7
6.3
·
13.9
Efficiency3
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
0.0
0.0
·
0.0
0.0
0.0
·
0.0
0.0
0.0
·
0.0
0.0
0.0
·
0.0
Inventory Turnover
·
·
·
0.1
0.1
0.2
·
0.3
0.2
0.2
·
0.3
0.3
0.2
·
0.2
Receivables Turnover
·
·
·
·
0.6
·
·
0.9
1.4
4.5
·
2.5
3.3
3.1
·
8.9
Per Share5
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
$2.88
$3.60
·
$-3.78
$8.86
$0.21
·
$1.04
$1.98
$2.24
·
$4.39
$0.16
$0.21
·
$0.46
Revenue / Share
$0.03
$0.05
·
$0.07
$0.35
$0.01
·
$0.01
$0.07
$0.17
·
$0.21
$0.01
$0.00
·
$0.02
Cash Flow / Share
·
$-0.06
·
·
·
$-0.47
·
·
·
$-3.67
·
·
·
$-0.11
·
·
Cash / Share
$0.06
$0.08
·
$3.08
$8.93
$0.18
·
$0.95
$2.00
$4.10
·
$9.59
$0.30
$0.40
·
$0.59
EPS (TTM)
$76.71
$-2.64
·
$-2544.44
$-3255.90
$-3661.47
·
$-1234.46
$-495.60
$-13.22
·
$-59.94
$-57.35
$-55.40
·
$-6.16
Valuation (TTM)9
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
$12M
$10M
·
$941.0K
$295.0K
$434.0K
·
$502.0K
$594.0K
$668.0K
·
$792.0K
$845.0K
$708.0K
·
$763.0K
Net Income TTM
$-157M
$-137M
·
$-370M
$-21M
$-13M
·
$-9M
$-9M
$-9M
·
$-13M
$-10M
$-12M
·
$-13M
Market Cap
$95M
$95M
·
$600M
$6M
$1.84B
·
$1.53B
$2.35B
$3.88B
·
$4.90B
$203.55B
$269.79B
·
$291.88B
P/E
0.0
-0.7
·
-0.0
-0.0
-0.1
·
-0.3
-1.5
-330.7
·
-118.7
-125.5
-172.6
·
-1680.2
P/S
7.8
9.9
·
637.7
21.0
4245.7
·
3056.0
3957.4
5811.5
·
6181.1
240887.0
381059.9
·
382546.9
P/B
0.6
0.5
·
-3.9
1.0
1439.6
·
403.8
370.8
1954.7
·
1620.5
44520.9
44468.5
·
22520.1
P / Tangible Book
0.6
0.5
·
·
1.0
1439.6
·
404.0
371.4
1971.6
·
1637.3
45163.0
45221.3
·
22833.7
P / Cash Flow
·
-19.7
·
·
·
-521.1
·
·
·
-1293.6
·
·
·
-84573.8
·
·
Earnings Yield
4649.1%
-152.6%
·
-17088.2%
-35779.1%
-1217.5%
·
-293.4%
-67.4%
-0.30%
·
-0.84%
-0.80%
-0.58%
·
-0.06%
Most recent period on the left · null values shown as ·
Financial Statements
Income statement, balance sheet, cash flow — annual, last 5 years
16
Metric
2025-12-31
2024-12-31
2023-12-31
2022-12-31
2021-12-31
Revenue
$6M
$520.0K
$644.0K
$787.0K
$522.0K
Gross Margin %
91.7%
-11.9%
9.5%
41.2%
42.9%
Operating Margin %
-4052.5%
-2673.7%
-1929.8%
-1971.5%
-3475.5%
Net Income
$-41M
$-12M
$-9M
$-14M
$-18M
Diluted EPS
$-1.85
$-3282.26
$-14.56
$-52.13
$-7.38
Metric
2025-12-31
2024-12-31
2023-12-31
2022-12-31
2021-12-31
Current Ratio
10.3
1.6
4.0
8.4
4.7
Quick Ratio
2.4
0.5
2.8
7.4
4.2
Metric
2025-12-31
2024-12-31
2023-12-31
2022-12-31
2021-12-31
Free Cash Flow
·
$-11M
$-10M
$-14M
$-13M
Institutional owners (13F)
46 filers
· $27.5M total
· As of June 30, 2026
17
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.
Holders46
Value held$27.5M
New positions6
Exited positions8
Institutional activity — Q2 2026 vs prior quarter
New positions
Exited positions
Increased
Decreased
Net shares change
6 (-9 vs prior Q)
8 (-1 vs prior Q)
17 (+11 vs prior Q)
8 (-6 vs prior Q)
+407K
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.
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
Daniel W. Morehead, Pantera Blockchain Fund LP, Pantera Capital Partners LP, Pantera DAT Opportunities Master Fund SP, Pantera Liquid Token Fund LP
×3 filings
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
22 insiders
· 10 officers · 13 directors