10-Year Performance
Revenue, net income, margins and EPS trends
06
Revenue$3M2017-12-31 → 2025-12-31
EPS$-5.022019-12-31 → 2025-12-31
Free Cash Flow$-79M2017-12-31 → 2025-12-31
Net margin-10283.8%2017-12-31 → 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
RNAC
5Y avg
Peer Median
Verdict
P/E (TTM)
-1.35Y avg ≈-22.3
≈-22.3
·
·
P/S (TTM)
149.75Y avg ≈63.6
≈63.6
36.6
Overvalued
P/B (MRQ)
-1.85Y avg ≈-5.4
≈-5.4
·
·
Price / FCF (TTM)
-2.85Y avg ≈-59.9
≈-59.9
·
·
Price / Cash Flow (TTM)
-2.95Y avg ≈-62.9
≈-62.9
·
·
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
RNAC
5Y avg
Peer Median
Verdict
Operating Margin (TTM)
-10518.6%5Y avg ≈-1389.8%
≈-1389.8%
-734.7%
Weak
EBITDA Margin
-5127.1%5Y avg ≈-1389.8%
≈-1389.8%
-734.7%
Weak
Pretax Margin
-4987.3%5Y avg ≈-1518.0%
≈-1518.0%
-1318.8%
Weak
Net Profit Margin (TTM)
-10283.8%5Y avg ≈-1417.6%
≈-1417.6%
-1287.2%
Weak
ROA (TTM)
-42.9%5Y avg ≈-32.0%
≈-32.0%
-30.8%
Weak
ROE (TTM)
237.8%5Y avg ≈729.3%
≈729.3%
-23.4%
Top tier
ROIC
106.1%5Y avg ≈196.9%
≈196.9%
8.4%
Top tier
Financial Health
Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
RNAC
5Y avg
Peer Median
Verdict
Debt / Equity (MRQ)
-0.4
·
·
·
Current Ratio (MRQ)
7.55Y avg ≈6.3
≈6.3
7.7
In line
Quick Ratio
8.55Y avg ≈5.9
≈5.9
6.5
In line
Long-Term Debt / Equity (MRQ)
-0.4
·
·
·
Growth
Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
RNAC
5Y avg
Peer Median
Verdict
Revenue YoY
-92.8%5Y avg ≈64.6%
≈64.6%
·
·
Revenue CAGR 3Y
-70.7%5Y avg ≈-25.8%
≈-25.8%
·
·
Revenue CAGR 5Y
-30.0%
·
·
·
Per Share Metrics
EPS, book value per share, cash flow per share, dividend per share
Metric
5Y trend
RNAC
5Y avg
Peer Median
Verdict
EPS (Diluted)
$-5.025Y avg ≈$-11.88
≈$-11.88
·
·
Revenue / Share
$0.115Y avg ≈$0.82
≈$0.82
·
·
Cash Flow / Share
$-2.855Y avg ≈$-1.19
≈$-1.19
·
·
Cash / Share
$4.815Y avg ≈$3.56
≈$3.56
·
·
Capital Efficiency
Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
RNAC
5Y avg
Peer Median
Verdict
Asset Turnover
0.05Y avg ≈0.2
≈0.2
0.0
Weak
Receivables Turnover
2.85Y avg ≈8.0
≈8.0
·
·
Revenue / Employee
≈$37.3K
·
·
·
value · ≈ 5Y avg · industry median · verdict relative to median
Earnings History
EPS actual vs estimate, surprise %, beat rate, next earnings date
14
Avg Surprise-16.2%
Next ReportNov 04, 2026
Period
Report
EPS Actual
EPS Est
Surprise
June 30, 2026
Aug 5, 2026
$0.61
$-0.89
168.9%
March 31, 2026
May 7, 2026
$-1.46
$-0.90
-62.0%
Dec. 31, 2025
$-3.57
$-0.87
-310.2%
Sept. 30, 2025
$-1.38
$-0.86
-60.1%
June 30, 2025
$0.50
$-0.83
160.5%
March 31, 2025
$-0.68
$-0.72
5.5%
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
2017
2016
2015
Revenue
$3M
$39M
$26M
$111M
$85M
$17M
$7M
$903.0K
·
$8M
$6M
R&D Expense
$58M
$45M
$71M
$72M
$69M
$55M
$43M
$48M
·
$30M
$23M
SG&A Expense
$31M
$30M
$40M
$24M
$21M
$19M
$16M
$18M
·
$13M
$8M
Operating Expenses
$146M
$83M
$112M
$96M
$90M
$73M
$59M
$66M
·
$43M
$31M
Operating Income
$-143M
$-44M
$-86M
$15M
$-5M
$-57M
$-52M
$-65M
·
$-35M
$-25M
Interest Expense
·
·
$3M
$3M
$3M
$2M
$2M
$1M
·
$1M
$948.0K
Interest Income
$7M
$7M
$5M
·
·
·
·
·
·
·
·
Other Non-op
$-2M
$606.0K
$691.0K
$330.0K
$15.0K
$89.0K
$-1M
$10.0K
·
$4.0K
$-26.0K
Pretax Income
$-139M
$-77M
$-239M
$35M
$-10M
$-69M
$-55M
·
·
·
·
Income Tax
$-9M
$287.0K
$-19M
$-609.0K
$16M
$0
$0
·
·
·
·
Net Income
$-130M
$-77M
$-220M
$35M
$-26M
$-69M
$-55M
$-65M
·
$-36M
$-25M
EPS (Basic)
$-5.02
$-4.48
$-49.76
$0.24
$-0.22
$-0.68
$-1.22
·
·
·
·
EPS (Diluted)
$-5.02
$-4.49
$-49.76
$0.10
$-0.22
$-0.68
$-1.22
·
·
·
·
Shares (Basic)
25,973,329
17,276,822
5,170,319
144,758,555
114,328,798
101,202,176
45,548,511
·
·
·
·
Shares (Diluted)
25,973,329
17,357,943
5,170,319
145,874,889
114,328,798
101,202,176
45,548,511
·
·
·
·
EBITDA
$-143M
$-44M
$-86M
$15M
·
$-57M
$-52M
$-65M
·
$-35M
·
Balance Sheet26
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
Cash & Equivalents
$125M
$213M
$77M
$106M
$114M
$139M
$90M
$37M
·
$59M
$32M
Short-term Investments
·
·
·
·
·
·
·
$0
$26M
$25M
$4M
Receivables
$1M
$872.0K
$6M
$7M
$10M
$7M
$5M
$0
$63.0K
$215.0K
$824.0K
Prepaid Expense
$3M
$3M
$5M
$4M
$6M
$5M
$1M
$5M
$2M
$2M
$1M
Other Current Assets
·
·
·
·
·
·
·
$80.0K
·
·
·
Current Assets
$129M
$217M
$91M
$148M
$144M
$151M
$97M
$42M
$99M
$87M
$39M
PP&E (Net)
$12M
$10M
$2M
$3M
$2M
$1M
$1M
$2M
$2M
$2M
$2M
PP&E (Gross)
$17M
$12M
$8M
$8M
$7M
$6M
$6M
$7M
·
$6M
$5M
Accum. Depreciation
$5M
$2M
$6M
$5M
$5M
$4M
$5M
$5M
·
$4M
$3M
Goodwill
$48M
$48M
$48M
$0
·
·
·
·
·
·
·
Other Non-current Assets
·
$518.0K
$0
·
·
·
·
·
·
$122.0K
$2M
Total Assets
$296M
$435M
$305M
$166M
$160M
$165M
$100M
$44M
$101M
$89M
$43M
Accounts Payable
$1M
$288.0K
$3M
$316.0K
$224.0K
$443.0K
$500.0K
$1M
$2M
$4M
$2M
Accrued Liabilities
$9M
$12M
$15M
$14M
$11M
$8M
$13M
$12M
$9M
$4M
$3M
Current Liabilities
$15M
$23M
$68M
$25M
$72M
$82M
$35M
$35M
$11M
$14M
$7M
Capital Leases
$9M
$11M
$9M
$10M
$9M
$10M
$0
·
·
·
·
Deferred Tax
$7M
$16M
$16M
$0
·
·
·
·
·
·
·
Other Non-current Liabilities
·
·
·
·
·
·
$0
$938.0K
$1M
$0
$290.0K
Total Liabilities
$423M
$442M
$445M
$72M
$137M
$183M
$91M
$50M
$47M
$34M
$22M
Common Stock
$3.0K
$3.0K
$1.0K
$15.0K
$12.0K
$11.0K
$9.0K
$3.0K
$3.0K
$1.0K
$0
Paid-in Capital
$701M
$690M
$179M
$493M
$457M
$391M
$349M
$280M
$273M
$211M
$1.0K
Retained Earnings
$-822M
$-692M
$-615M
$-395M
$-430M
$-405M
$-336M
$-280M
$-215M
$-152M
$-112M
AOCI
$-5M
$-5M
$-5M
$-5M
$-5M
$-5M
$-5M
$-5M
$-4M
$-5M
$-5M
Stockholders' Equity
$-126M
$-7M
$-440M
$94M
$23M
$-18M
$8M
$-5M
$54M
$55M
$-116M
Liabilities + Equity
$296M
$435M
$305M
$166M
$160M
$165M
$100M
$44M
$101M
$89M
$43M
Shares Outstanding
26,011,106
25,767,369
5,397,597
5,101,459
123,622,965
108,071,249
86,325,547
22,471,776
·
18,438,742
2,173,399
Cash Flow14
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
Stock-based Comp
$11M
$7M
$23M
$11M
$8M
$5M
$5M
$6M
·
·
·
Deferred Tax
$-9M
$287.0K
$-19M
$0
$0
·
·
$0
·
·
·
Restructuring
$0
$798.0K
$6M
·
·
·
·
·
·
·
·
Operating Cash Flow
$-74M
$-24M
$-51M
$-32M
$-60M
$35M
$-51M
$-59M
·
$-20M
$-22M
CapEx
$5M
$9M
$206.0K
$1M
$1M
$815.0K
$47.0K
$884.0K
·
$586.0K
$1M
Investing Cash Flow
$-5M
$-9M
$35M
$-15M
$-17M
$-741.0K
$229.0K
$25M
·
$-22M
$-5M
Debt Issued
·
·
·
$0
$0
$25M
$0
$0
·
·
·
Net Debt Issued
·
$0
$-27M
$0
·
$5M
$-3M
$0
·
$0
·
Stock Issued
·
·
·
$2M
$52M
$2M
$31M
$0
·
$3M
$0
Net Stock Activity
·
·
·
$2M
·
·
$31M
$0
·
$3M
·
Financing Cash Flow
$-8M
$168M
$-13M
$39M
$53M
$14M
$105M
$697.0K
·
$68M
$44M
Net Change in Cash
$-87M
$136M
$-30M
$-7M
$-25M
$49M
$54M
$-33M
·
$26M
$16M
Free Cash Flow
$-79M
$-33M
$-51M
$-33M
·
$34M
$-51M
$-60M
·
$-20M
·
Levered FCF
·
·
$-54M
$-36M
·
·
·
·
·
·
·
Profitability7
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
Operating Margin
-5127.1%
-112.8%
-332.3%
13.1%
·
-342.4%
-785.6%
-7200.7%
·
-428.9%
·
Net Margin
-4658.6%
-199.0%
-844.9%
31.9%
·
-415.0%
-829.0%
-7235.4%
·
-448.0%
·
Pretax Margin
-4987.3%
-198.2%
-918.0%
31.4%
·
·
·
·
·
·
·
EBITDA Margin
-5127.1%
-112.8%
-332.3%
13.1%
·
-342.4%
-785.6%
-7200.7%
·
-428.9%
·
ROA
-35.6%
-20.9%
-93.3%
21.7%
·
-52.0%
-76.8%
·
·
-54.8%
·
ROE
202.4%
2559.5%
115.7%
39.6%
·
542.6%
-3179.2%
·
·
117.7%
·
ROIC
106.1%
647.8%
18.1%
15.8%
·
·
·
·
·
·
·
Liquidity & Solvency3
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
Current Ratio
8.7
9.4
1.3
5.9
·
1.9
2.8
·
·
6.3
·
Quick Ratio
8.5
9.3
1.2
4.5
·
1.8
2.7
·
·
6.2
·
Interest Coverage
·
·
-30.5
4.8
·
-36.5
-34.5
-43.5
·
-27.7
·
Efficiency2
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
Asset Turnover
0.0
0.1
0.1
0.7
·
0.1
0.1
·
·
0.1
·
Receivables Turnover
2.8
11.5
4.2
13.4
·
2.7
2.7
·
·
15.6
·
Per Share5
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
Book Value / Share
$-4.85
$-0.26
$-2.72
$0.61
·
$-0.17
$0.10
·
·
$2.98
·
Revenue / Share
$0.11
$2.24
$0.17
$0.76
·
·
·
·
·
·
·
Cash Flow / Share
$-2.85
$-1.36
$-0.33
$-0.22
·
·
·
·
·
·
·
Cash / Share
$4.81
$8.25
$0.47
$0.70
·
$1.28
$1.04
·
·
$3.18
·
EPS (TTM)
$-5.02
$-4.49
$-49.76
$0.10
$-0.22
$-0.68
$-1.22
·
·
·
·
Growth Rates3
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
Revenue YoY
-92.8%
49.6%
-76.5%
30.2%
412.6%
·
·
·
·
·
·
Revenue CAGR 3Y
-70.7%
-22.9%
16.2%
·
·
·
·
·
·
·
·
Revenue CAGR 5Y
-30.0%
·
·
·
·
·
·
·
·
·
·
Valuation (TTM)10
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
Revenue TTM
$3M
$39M
$26M
$111M
$85M
$17M
$7M
$903.0K
·
$8M
·
Net Income TTM
$-130M
$-77M
$-220M
$35M
$-26M
$-69M
$-55M
$-65M
·
$-36M
·
Market Cap
$188M
$461M
$3.35B
$5.19B
·
$9.82B
$6.16B
·
·
$9.49B
·
P/E
-1.4
-4.0
-0.4
339.0
-444.5
-133.7
-58.5
·
·
·
·
P/S
67.1
11.9
128.7
46.8
·
591.9
923.1
·
·
1173.7
·
P/B
-1.5
-67.8
-7.6
55.3
·
-545.6
734.0
·
·
172.6
·
P / Tangible Book
·
·
·
55.3
536.8
·
·
·
·
·
·
P / Cash Flow
-2.5
-19.5
-65.4
-164.0
·
281.6
-119.8
·
·
-482.0
·
P / FCF
-2.4
-14.1
-65.2
-158.0
·
288.4
-119.7
·
·
-468.0
·
Earnings Yield
-69.6%
-25.1%
-240.7%
0.29%
-0.22%
-0.75%
-1.7%
·
·
·
·
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
$0
$78.0K
$947.0K
$452.0K
$298.0K
$1M
$-759.0K
$387.0K
$33M
$6M
$8M
$7M
$5M
$6M
$17M
$21M
R&D Expense
$20M
$19M
$15M
$14M
$15M
$15M
$11M
$11M
$13M
$10M
$22M
$13M
$18M
$19M
$19M
$17M
SG&A Expense
$9M
$7M
$8M
$8M
$7M
$8M
$7M
$7M
$7M
$9M
$22M
$7M
$6M
$6M
$6M
$6M
Operating Expenses
$29M
$27M
$80M
$22M
$22M
$23M
$26M
$18M
$20M
$19M
$45M
$20M
$24M
$24M
$25M
$22M
Operating Income
$-29M
$-26M
$-79M
$-21M
$-22M
$-22M
$-27M
$-18M
$14M
$-13M
$-36M
$-13M
$-19M
$-18M
$-8M
$-2M
Interest Expense
·
·
·
·
·
·
·
·
·
$0
·
$1M
$752.0K
$808.0K
$807.0K
$802.0K
Interest Income
$1M
$1M
·
·
$2M
$2M
·
·
·
·
·
·
·
·
·
·
Other Non-op
$126.0K
$-3.0K
$-2M
$0
$-5.0K
$0
$-444.0K
$250.0K
$292.0K
$508.0K
$-62.0K
$253.0K
$245.0K
$255.0K
$175.0K
$1.0K
Pretax Income
·
·
·
·
·
·
·
·
·
·
$-197M
$-9M
·
·
$6M
$-8M
Income Tax
·
·
·
·
·
·
·
·
·
·
·
·
·
·
$-288.0K
$-321.0K
Net Income
$16M
$-39M
$-93M
$-36M
$16M
$-18M
$-10M
$-24M
$14M
$-57M
$-178M
$-9M
$-11M
$-22M
$6M
$-8M
EPS (Basic)
$0.47
$-1.46
$-3.47
$-1.38
$0.51
$-0.68
$6.57
$-1.13
$0.58
$-10.50
$-41.55
$-1.74
$-2.23
$-4.24
$0.00
$-0.05
EPS (Diluted)
$0.46
$-1.46
$-3.46
$-1.38
$0.50
$-0.68
$6.60
$-1.13
$0.54
$-10.50
$-41.55
$-1.74
$-2.23
$-4.24
$0.01
$-0.05
Shares (Basic)
29,467,130
26,855,158
·
26,002,892
25,980,262
25,902,650
·
21,471,408
16,723,479
5,414,020
·
5,160,150
5,114,747
5,111,518
·
152,849,992
Shares (Diluted)
29,860,880
26,855,158
·
26,002,892
26,447,251
25,902,650
·
21,471,408
17,791,143
5,414,020
·
5,160,150
5,114,747
5,111,518
·
152,849,992
EBITDA
$-29M
$-26M
·
$-21M
$-22M
$-22M
·
$-18M
$14M
$-13M
·
$-13M
$-19M
$-18M
·
$-2M
Balance Sheet24
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
$148M
$119M
$125M
$143M
$160M
$180M
$213M
$219M
$87M
$103M
$77M
$80M
$112M
$126M
$106M
$113M
Receivables
$196.0K
$261.0K
$1M
$722.0K
$354.0K
$2M
$872.0K
$5M
$32M
$2M
$6M
$5M
$5M
$7M
$7M
$7M
Prepaid Expense
$6M
$3M
$3M
$3M
$3M
$3M
$3M
$4M
$2M
$3M
$5M
$3M
$4M
$4M
$4M
$6M
Current Assets
$154M
$122M
$129M
$147M
$163M
$185M
$217M
$229M
$125M
$111M
$91M
$90M
$123M
$138M
$148M
$160M
PP&E (Net)
$11M
$12M
$12M
$12M
$12M
$10M
$10M
$10M
$7M
$2M
$2M
$2M
$3M
$3M
$3M
$3M
PP&E (Gross)
$17M
$17M
$17M
$17M
$16M
$13M
$12M
$17M
$13M
$8M
$8M
$8M
$8M
$8M
$8M
$8M
Accum. Depreciation
$6M
$5M
$5M
$4M
$4M
$3M
$2M
$6M
$6M
$6M
$6M
$6M
$6M
$5M
$5M
$5M
Goodwill
$48M
$48M
$48M
$48M
$48M
$48M
$48M
$48M
$48M
$48M
$48M
·
·
·
$0
·
Other Non-current Assets
·
·
·
·
$6M
$6M
·
·
·
·
$0
·
·
·
·
·
Total Assets
$319M
$288M
$296M
$373M
$389M
$409M
$435M
$455M
$348M
$325M
$305M
$106M
$140M
$156M
$166M
$178M
Accounts Payable
$1M
$2M
$1M
$2M
$454.0K
$2M
$288.0K
$517.0K
$3M
$3M
$3M
$375.0K
$267.0K
$1M
$316.0K
$214.0K
Accrued Liabilities
$15M
$10M
$9M
$8M
$8M
$9M
$12M
$9M
$11M
$9M
$15M
$14M
$13M
$9M
$14M
$12M
Current Liabilities
$21M
$16M
$15M
$14M
$12M
$15M
$23M
$21M
$26M
$37M
$68M
$20M
$29M
$27M
$25M
$24M
Capital Leases
$7M
$8M
$9M
$9M
$10M
$10M
$11M
$12M
$12M
$8M
$9M
$9M
$9M
$10M
$10M
$11M
Deferred Tax
$7M
$7M
$7M
$16M
$16M
$16M
$16M
$16M
$16M
$16M
$16M
·
·
·
$0
·
Total Liabilities
$444M
$437M
$423M
$409M
$391M
$431M
$442M
$455M
$449M
$442M
$445M
$46M
$74M
$81M
$72M
$93M
Total Debt
$53M
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
Common Stock
$3.0K
$3.0K
$3.0K
$3.0K
$3.0K
$3.0K
$3.0K
$2.0K
$2.0K
$1.0K
$1.0K
$15.0K
$15.0K
$15.0K
$15.0K
$15.0K
Paid-in Capital
$725M
$718M
$701M
$699M
$696M
$693M
$690M
$687M
$561M
$559M
$179M
$502M
$498M
$496M
$493M
$490M
Retained Earnings
$-846M
$-862M
$-822M
$-730M
$-694M
$-710M
$-692M
$-682M
$-658M
$-671M
$-615M
$-437M
$-428M
$-417M
$-395M
$-401M
AOCI
$-5M
$-5M
$-5M
$-5M
$-5M
$-5M
$-5M
$-5M
$-5M
$-5M
$-5M
$-5M
$-5M
$-5M
$-5M
$-5M
Stockholders' Equity
$-125M
$-148M
$-126M
$-36M
$-3M
$-22M
$-7M
$752.0K
$-101M
$-117M
$-440M
$60M
$65M
$75M
$94M
$85M
Liabilities + Equity
$319M
$288M
$296M
$373M
$389M
$409M
$435M
$455M
$348M
$325M
$305M
$106M
$140M
$156M
$166M
$178M
Shares Outstanding
30,037,962
28,544,728
26,011,106
26,003,606
26,000,065
25,936,101
25,767,369
23,896,525
17,816,238
5,515,836
5,397,597
154,854,032
153,427,571
153,426,983
153,042,435
153,028,822
Cash Flow10
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
$2M
$2M
$2M
$3M
$3M
$3M
$2M
$2M
$2M
$1M
$14M
$2M
$4M
$2M
$2M
$3M
Restructuring
·
·
$0
$0
$0
$0
$21.0K
$-23.0K
$505.0K
$292.0K
·
·
·
·
·
·
Operating Cash Flow
$-21M
$-22M
$-18M
$-16M
$-18M
$-23M
$-7M
$14M
$-14M
$-16M
$-23M
$-9M
$-10M
$-9M
$-12M
$4M
CapEx
$272.0K
$27.0K
$492.0K
$1M
$3M
$1M
$705.0K
$6M
$2M
$602.0K
$64.0K
$0
$12.0K
$130.0K
$211.0K
$436.0K
Investing Cash Flow
$-272.0K
$-27.0K
$-492.0K
$-1M
$-3M
$-1M
$-354.0K
$-6M
$-2M
$-602.0K
$6M
$0
$-12.0K
$28M
$5M
$-30M
Stock Issued
$4M
$15M
·
·
$0
$0
·
·
·
·
·
·
·
·
·
·
Net Stock Activity
·
$15M
·
·
·
·
·
·
·
·
·
·
·
·
·
·
Financing Cash Flow
$50M
$16M
$-52.0K
$-38.0K
$60.0K
$-8M
$783.0K
$124M
$120.0K
$43M
$14M
$-25M
$-3M
$149.0K
$0
$612.0K
Net Change in Cash
$29M
$-6M
$-18M
$-17M
$-20M
$-32M
$-7M
$132M
$-16M
$27M
$-3M
$-34M
$-13M
$19M
$-6M
$-25M
Free Cash Flow
·
$-22M
·
·
·
$-24M
·
·
·
$-17M
·
·
·
$-9M
·
·
Profitability7
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
Operating Margin
·
-33973.1%
·
-4660.6%
-7319.1%
-1989.9%
·
-4541.3%
41.1%
-228.6%
·
-199.4%
-355.1%
-309.6%
·
-7.7%
Net Margin
·
-50233.3%
·
-7942.9%
5330.9%
-1610.0%
·
-6248.8%
41.4%
-973.0%
·
-137.4%
-216.9%
-364.8%
·
-38.1%
Pretax Margin
·
·
·
·
·
·
·
·
·
·
·
-137.4%
·
·
·
-39.7%
EBITDA Margin
·
-33973.1%
·
-4660.6%
-7319.1%
-1989.9%
·
-4541.3%
41.1%
-228.6%
·
-199.4%
-355.1%
-309.6%
·
-7.7%
ROA
4.5%
-11.2%
·
-8.7%
4.3%
-4.8%
·
-8.6%
5.7%
-23.6%
·
-6.3%
-7.0%
-14.4%
·
-4.6%
ROE
-24.7%
46.1%
·
204.6%
-30.6%
25.6%
·
-79.2%
-76.8%
269.2%
·
-12.4%
-14.7%
-33.2%
·
-23.8%
ROIC
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
-1.8%
Liquidity & Solvency5
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
7.5
7.7
·
10.7
13.3
12.3
·
10.7
4.8
3.0
·
4.5
4.2
5.2
·
6.7
Quick Ratio
7.2
7.5
·
10.4
13.1
12.1
·
10.5
4.6
2.9
·
4.2
4.0
5.0
·
5.0
Debt / Equity
-0.4
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
LT Debt / Equity
-0.4
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
Interest Coverage
·
·
·
·
·
·
·
·
·
·
·
-10.3
-24.8
-22.7
·
-2.0
Efficiency2
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
0.1
0.0
·
0.0
0.0
0.0
·
0.1
Receivables Turnover
0.0
0.1
·
0.2
0.0
0.6
·
0.1
1.8
1.3
·
1.1
0.4
0.8
·
2.9
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
$-4.17
$-5.19
·
$-1.38
$-0.10
$-0.84
·
$0.03
$-5.69
$-21.18
·
$0.39
$0.43
$0.49
·
$0.55
Revenue / Share
$0.00
$0.00
·
$0.02
$0.01
$0.04
·
$0.02
$1.88
$1.08
·
$0.04
$0.03
$0.04
·
$0.14
Cash Flow / Share
·
$-0.82
·
·
·
$-0.89
·
·
·
$-2.94
·
·
·
$-0.06
·
·
Cash / Share
$4.91
$4.16
·
$5.51
$6.17
$6.96
·
$9.17
$4.90
$18.75
·
$0.51
$0.73
$0.82
·
$0.74
EPS (TTM)
$-5.84
$-5.80
·
$5.04
$5.29
$5.33
·
$-52.64
$-53.25
$-56.02
·
$-8.20
$-6.51
$-4.22
·
$0.25
Valuation (TTM)11
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
$1M
$2M
·
$1M
$1M
$34M
·
$48M
$54M
$26M
·
$35M
$49M
$83M
·
$124M
Net Income TTM
$-152M
$-152M
·
$-48M
$-36M
$-38M
·
$-245M
$-230M
$-255M
·
$-36M
$-35M
$-15M
·
$42M
Market Cap
$313M
$176M
·
$266M
$270M
$342M
·
$385M
$481M
$108M
·
$4.92B
$5.16B
$6.40B
·
$7.53B
Enterprise Value
$218M
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
P/E
-1.8
-1.1
·
2.0
2.0
2.5
·
-0.3
-0.5
-0.3
·
-3.9
-5.2
-9.9
·
196.8
P/S
211.9
98.9
·
243.6
263.3
10.0
·
8.0
8.9
4.2
·
142.6
105.9
77.3
·
60.8
P/B
-2.5
-1.2
·
-7.4
-106.9
-15.7
·
512.2
-4.7
-0.9
·
81.6
78.8
85.8
·
88.7
P / Tangible Book
·
·
·
·
·
·
·
·
·
·
·
81.6
78.8
85.8
·
88.7
P / Cash Flow
·
-7.9
·
·
·
-14.8
·
·
·
-6.8
·
·
·
-729.9
·
·
EV / Revenue
147.8
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
Earnings Yield
-56.0%
-94.3%
·
49.3%
50.9%
40.4%
·
-326.6%
-197.2%
-287.3%
·
-25.8%
-19.4%
-10.1%
·
0.51%
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
$3M
$39M
$26M
$111M
$85M
Operating Margin %
-5127.1%
-112.8%
-332.3%
13.1%
·
Net Income
$-130M
$-77M
$-220M
$35M
$-26M
Diluted EPS
$-5.02
$-4.49
$-49.76
$0.10
$-0.22
Metric
2025-12-31
2024-12-31
2023-12-31
2022-12-31
2021-12-31
Current Ratio
8.7
9.4
1.3
5.9
·
Quick Ratio
8.5
9.3
1.2
4.5
·
Metric
2025-12-31
2024-12-31
2023-12-31
2022-12-31
2021-12-31
Free Cash Flow
$-79M
$-33M
$-51M
$-33M
·
Institutional owners (13F)
101 filers
· $93.7M 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.
Holders101
Value held$93.7M
New positions27
Exited positions11
Institutional activity — Q2 2026 vs prior quarter
New positions
Exited positions
Increased
Decreased
Net shares change
27 (-1 vs prior Q)
11 (-1 vs prior Q)
44 (+16 vs prior Q)
12 (-2 vs prior Q)
+1.5M
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.
Michael Singer, Thirsty Brook 2010 Irrevocable Trust, Singer Asefzadeh Family Holding Trust, Bakezilla 2019 Irrevocable Trust, Baharak Asefzadeh, Barbara P. Martin
×2 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
39 insiders
· 21 officers · 18 directors