OakChart

Aardvark Therapeutics Inc

AARDHealthcare·Biotechnology·USA·Nano·NASD·Nov 12 • 3:59 PM ET

1.52-0.07 (-4.40%)
2026-11-13 12:40 CET
Market cap
$33.26M
Revenue, TTM
0.00 USD m
Net income, TTM
-69.89 USD m
Free cash flow, TTM
-69.41 USD m
EPS diluted, TTM
-3.21
-
Compare

Price

AARD against its 20, 50 and 200-day averages
Terms2050200Beat
Patternshover a marker to name it
RS 0Sales 0.00Price0.002.505.007.5010.008.2M16.3MVolumeMay 26Jun 26Jul 26Aug 26Sep 26Oct 26Nov 26AARDclose 1.5220-day 1.9850-day 3.85200-day 5.711.5252w low 0.9352-week range, not 6 months

90.8% under the 52-week high of 16.60 on 22 Jan 2026. 52-week low 0.93 on 26 Oct 2026. Last 15 sessions, 222.6% high to low

Volume 0.00× normal · the session has not printed · the line is the 50-bar volume average

Setup. RS line 0
CANSLIM 1 of 6 — fails: EPS Growth Qtr Over Qtr: High (>25%); EPS Growth This Year: High (>25%); 52-Week High/Low: 0-10% below High; Performance: Year +50%; Institutional Ownership: Over 50%
VCP 3 of 6 — fails: 200-Day Simple Moving Average: Price above SMA200; 50-Day Simple Moving Average: SMA50 above SMA200; 52-Week High/Low: 0-10% below High
Minervini 0 of 4 — fails: 200-Day Simple Moving Average: Price above SMA200; 50-Day Simple Moving Average: SMA50 above SMA200; 52-Week High/Low: 0-10% below High; Performance: Year +50%
Zanger 1 of 5 — fails: RSI (14): Not Oversold (>50); 20-Day High/Low: 0-5% below High; Relative Volume: Over 1.5; 200-Day Simple Moving Average: Price above SMA200
Leaders 1 of 5 — fails: 50-Day Simple Moving Average: Price above SMA50; 200-Day Simple Moving Average: Price above SMA200; Performance: Year +50%; 52-Week High/Low: 0-10% below High
Breakout 0 of 4 — fails: 52-Week High/Low: New High; Relative Volume: Over 2; 50-Day Simple Moving Average: Price above SMA50; 200-Day Simple Moving Average: Price above SMA200
Growth 0 of 4 — fails: EPS Growth Qtr Over Qtr: High (>25%); EPS Growth This Year: High (>25%); EPS Growth Next Year: High (>25%); Return on Equity: Over +15%
Quality 2 of 5 — fails: Return on Equity: Over +15% — not on the tape: Net Profit Margin: High (>20%); P/E: Under 25
Value 2 of 4 — fails: Return on Equity: Over +15% — not on the tape: P/E: Under 15
Income 0 of 4 — fails: Dividend Growth: Growing 2+ Years — not on the tape: Dividend Yield: Over 2%; Payout Ratio: Low (<20%); P/E: Under 25
Small Cap 2 of 4 — fails: 200-Day Simple Moving Average: Price above SMA200; Performance: Year +50%
Accumulation 0 of 4 — fails: Institutional Ownership: Over 30%; Institutional Transactions: Over +10%; 200-Day Simple Moving Average: Price above SMA200; Performance: Year Up
Relative Strength 1 of 3 — fails: Performance: Year +100%; 200-Day Simple Moving Average: Price above SMA200

Profile

AARD
52-week range, 4% of the way up
0.9316.60

Aardvark Therapeutics, Inc. operates as a biotechnology company. It engages in the development of a novel, small-molecule therapeutics for the treatment of metabolic diseases. The company was founded by Tien Lee in 2017 and is headquartered in San Diego, CA.

Employees40
IPOFeb 13, 2025
Beta4.30
ATR, 14d0.36
Rel volume0.00
Short float8.10%
Insider own41.42%
Inst own25.05%

Snapshot

6 groups

Valuation

Index-
Market Cap$33.26M
Enterprise Value-39.93M
Income-69.89M
Sales0.00M
Book / share3.42
Cash / share3.38
Dividend Est.-
Dividend TTM-
Dividend Ex-Date-
Dividend Gr. 3/5Y- -
Payout-
Employees40
IPOFeb 13, 2025

Ratios

Price / earnings-
Forward price / earnings-
Price / earnings / growth-
Price / sales-
Price / book0.44
Price / cash0.45
Price / free cash flow-
Value / cash profit-
Value / sales-
Quick Ratio12.63
Current Ratio12.63
Debt / equity0.01
Long-term debt / equity0.00
Options and shortYes / No

Earnings

Earnings / share-3.21
Earnings next year-2.36
Earnings next quarter-0.72
Earnings this year-5.15%
Earnings next year23.46%
Earnings growth, 5 years8.96%
Past earnings growth-60.85% -
Past sales growth- -
Earnings vs last year-89.45%
Sales vs last year-
Earnings vs last quarter0.56%
Sales vs last quarter-
EarningsNov 12
Surprise24.52% -

Ownership

Insiders own41.42%
Insider trades-0.84%
Institutions own25.05%
Institution trades-6.84%
Return on assets-61.06%
Return on equity-66.02%
Return on capital-93.09%
Gross Margin-
Operating margin-
Profit Margin-
20-day average-23.35%
50-day average-60.49%
200-day average-73.36%

Technical

Shares out21.88M
Shares floating12.82M
Short / float8.10%
Short ratio1.69
Short interest1.04M
52-week high16.60 -90.8%
52-week low0.93 +63.4%
Volatility14.70% 20.50%
Average range0.36
Strength index33.74
Market sensitivity4.30
Relative volume0.00
Avg Volume614.02K
Volume0

Performance

Perf Week36.94%
Perf Month-60.82%
Perf Quarter-76.76%
Perf Half Y-77.41%
Perf YTD-88.42%
Perf Year-85.83%
Perf 3Y-
Perf 5Y-
Perf 10Y-
Recommendation2.55
Target Price4.57
Prev Close1.52
Price1.52
Change %0.00%

Analyst ratings

latest 10 of 17
DateActionAnalystRating changeTargetImplied
Nov 05, 2026DowngradeRaymond JamesStrong Buy → Mkt Perform
May 15, 2026DowngradeMorgan StanleyEqual-Weight → Underweight$3+97.4%
Mar 02, 2026DowngradeStifelBuy → Hold$6+294.7%
Mar 02, 2026DowngradeRBC Capital MktsOutperform → Sector Perform$6+294.7%
Mar 02, 2026DowngradeMorgan StanleyOverweight → Equal-Weight$7+360.5%
Mar 02, 2026DowngradeH.C. WainwrightBuy → Neutral
Jan 28, 2026InitiatedB. Riley SecuritiesBuy$32+2,005.3%
Dec 23, 2025InitiatedOppenheimerOutperform$35+2,202.6%
Dec 12, 2025InitiatedWilliam BlairOutperform
Dec 03, 2025InitiatedRaymond JamesStrong Buy$47+2,992.1%

Peers

Mkt cap
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GPCRStructure Therapeutics Inc ADR1.42B
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VKTXViking Therapeutics Inc3.55B
AMLXAmylyx Pharmaceuticals Inc3.94B

Insider trading

6 filings
InsiderRelationshipDateTransactionCostSharesValueTotal heldForm
Sun NelsonSee RemarksSep 11 '26Sale5.1862,000321,17935,475Sep 11 08:14 PM
Sun NelsonSee RemarksSep 10 '26Sale5.0014,75473,77997,475Sep 11 08:14 PM
NELSON SUNOfficerSep 11 '26Proposed Sale5.0133,911169,894Sep 11 04:51 PM
NELSON SUNOfficerSep 10 '26Proposed Sale4.9242,843210,788Sep 10 05:18 PM
Sun NelsonChief Financial OfficerDec 11 '25Buy14.403,00043,200108,484Dec 12 08:30 PM
Lee Tien-LiChief Executive OfficerDec 11 '25Buy14.487,000101,3951,551,613Dec 12 08:30 PM

Held by

AUM
TickerCompanyAUM
VTIVanguard Morningstar Total Stock Market ETFAUM: 696.31B
VXFVanguard Extended Market Index ETFAUM: 30.79B
IBBiShares Biotechnology ETFAUM: 11.39B
IWCiShares Micro-Cap ETFAUM: 1.23B
BUSMEA Bridgeway Ultra-Small Company Market ETFAUM: 112.81M
DXUVUS Vector Equity Portfolio ETF Class SharesAUM: 671.26M
IBBQInvesco Nasdaq Biotechnology ETFAUM: 130.85M
DFMCU.S. Micro Cap Portfolio ETF Class SharesAUM: 213.58M
BIBProShares Ultra Nasdaq Biotechnology 2X SharesAUM: 108.31M

News

latest 14 of 132

Quarterly earnings

2026Q2 EPS -0.660 beat -0.874, from -0.660 a year earlier. Sales 0.00 matched 0.00, from 0.00 a year earlier
EPS
0.0000-0.9902024Q4 EPS -0.250 against -0.41024Q42025Q1 EPS -0.710 against -0.67325Q12025Q2 EPS -0.660 against -0.60025Q22025Q3 EPS -0.750 against -0.79925Q32025Q4 EPS -0.810 against -0.82725Q42026Q1 EPS -0.990 against -0.87726Q12026Q2 EPS -0.660 against -0.87426Q2
Sales, USD millions
0.890-0.892024Q4 sales 0.00 against 0.0024Q42025Q1 sales 0.00 against 0.0025Q12025Q2 sales 0.00 against 0.0025Q22025Q3 sales 0.00 against 0.0025Q32025Q4 sales 0.00 against 0.0025Q42026Q1 sales 0.00 against 0.0026Q12026Q2 sales 0.00 against 0.0026Q2

The outline behind the bar is the estimate. The filled bar is the print. Green beat it, red missed it.

PeriodReportedEPS adjustedEPS estEPS reportedSales act, USD mSales est, USD mSurpriseYear-ago quarterAnalystsNext session
2026Q2ended 2026-06-302026-08-11 16:30-0.660-0.874-0.6600.000.00EPS -24.5% · sales -vs 2025Q2, year-ago quarter · EPS 0.0% · sales -12 EPS · 8 salesOpen -0.56% vs SPY +0.54%. Close -8.62% vs SPY +0.25%
2026Q1ended 2026-03-312026-05-07 08:30-0.990-0.877-0.9900.000.00EPS +12.9% · sales -vs 2025Q1, year-ago quarter · EPS +39.4% · sales -12 EPS · 7 salesOpen -2.21% vs SPY +0.17%. Close -4.92% vs SPY -0.31%
2025Q4ended 2025-12-312026-03-23 16:30-0.810-0.827-0.8070.000.00EPS -2.1% · sales -vs 2024Q4, year-ago quarter · EPS +224.0% · sales -11 EPS · 7 salesOpen -1.60% vs SPY -0.62%. Close -7.26% vs SPY -0.34%
2025Q3ended 2025-09-302025-11-13 16:30-0.750-0.799-0.7500.000.00EPS -6.1% · sales --7 EPS · 4 salesOpen -4.60% vs SPY -0.99%. Close -8.66% vs SPY -0.02%
2025Q2ended 2025-06-302025-08-13 16:30-0.660-0.600-0.6620.000.00EPS +10.0% · sales --4 EPS · 3 salesOpen -3.57% vs SPY -0.33%. Close +0.54% vs SPY +0.01%
2025Q1ended 2025-03-312025-05-14 16:30-0.710-0.673-0.4290.000.00EPS +5.5% · sales --3 EPS · 2 salesOpen +20.71% vs SPY -0.35%. Close +4.00% vs SPY +0.49%
2024Q4ended 2024-12-312025-03-31 16:30-0.250-0.410-0.4050.000.00EPS -39.0% · sales --2 EPS · 1 salesOpen -0.13% vs SPY -0.35%. Close +10.39% vs SPY +0.28%
2026Q3ended 2026-09-30---0.725--0.00EPS - · sales -vs 2025Q3, year-ago quarter · EPS - · sales -11 EPS · 7 sales-
2026Q4ended 2026-12-31---0.688--0.00EPS - · sales -vs 2025Q4, year-ago quarter · EPS - · sales -11 EPS · 7 sales-
2027Q1ended 2027-03-31---0.615--0.00EPS - · sales -vs 2026Q1, year-ago quarter · EPS - · sales -4 EPS · 3 sales-
2027Q2ended 2027-06-30---0.583--0.00EPS - · sales -vs 2026Q2, year-ago quarter · EPS - · sales -4 EPS · 3 sales-
2027Q3ended 2027-09-30---0.528--0.00EPS - · sales -vs 2026Q3, year-ago quarter · EPS - · sales -4 EPS · 3 sales-
2027Q4ended 2027-12-31---0.533--0.00EPS - · sales -vs 2026Q4, year-ago quarter · EPS - · sales -4 EPS · 3 sales-
2028Q1ended 2028-03-31---0.726---EPS - · sales -vs 2027Q1, year-ago quarter · EPS - · sales -1-
2028Q2ended 2028-06-30---0.819---EPS - · sales -vs 2027Q2, year-ago quarter · EPS - · sales -1-
2028Q3ended 2028-09-30---0.939---EPS - · sales -vs 2027Q3, year-ago quarter · EPS - · sales -1-

Annual earnings

2025FY EPS -2.930 beat -2.932, from -5.150 a year earlier. Sales 0.00 matched 0.00, from 0.00 a year earlier
EPS
0.0000-5.1502024FY EPS -5.150 against -2.85520242025FY EPS -2.930 against -2.9322025
Sales, USD millions
0.890-0.892024FY sales 0.00 against 0.0020242025FY sales 0.00 against 0.002025

Reported years only. The outline behind the bar is the estimate. A later year with no print stays in the table.

earnings feed, not the snapshot. Not the statement ratio.

PeriodEPS adjustedEPS estEPS reportedSales act, USD mSales est, USD mP/E, earnings feed
2030FYestimate-0.240--250.66.33
2029FYestimate--1.160--104.38-
2028FYestimate--2.211--2.31-
2027FYestimate--2.358--0.00-
2026FYestimate--3.081--0.00-
2025FY-2.930-2.932-2.9300.000.00-
2024FY-5.150-2.855-0.9490.000.00-

Quarterly results

2026Q2 revenue 0.00, from 0.00 a year earlier
Revenue, USD millions
0.890-0.892024Q3 revenue 0.0024Q32024Q4 revenue 0.0024Q42025Q1 revenue 0.0025Q12025Q2 revenue 0.0025Q22025Q3 revenue 0.0025Q32025Q4 revenue 0.0025Q42026Q1 revenue 0.0026Q12026Q2 revenue 0.0026Q2

From the quarterly statement. Not an estimate.

Estimate revisions

Latest snapshot of each period and type. 2026FY E -3.08 per share.
PeriodTypeScaleDateMeanvs prior date
2026FYEper share2026-10-28-3.080.0%
2026Q3Eper share2026-10-28-0.720.0%
2026FYRper share2026-10-28-3.430.0%
2026Q3Rper share2026-10-28-0.910.0%
2026Q4Eper share2026-10-26-0.690.0%
2026FYSper share2026-10-250.00-
2026Q3Sper share2026-10-250.00-
2026Q4Sper share2026-10-250.00-
2026Q4Rper share2026-10-23-0.84-3.4%
2026Q2Eper share2026-08-12-0.82-6.4%
2026Q2Rper share2026-07-29-0.940.0%
2026Q2Sper share2026-07-170.00-
2026Q1Eper share2026-04-01-0.88-1.3%
2026Q1Rper share2026-04-01-0.97-5.3%
2026Q1Sper share2026-03-240.00-
2025FYEper share2026-03-04-2.930.0%
2025FYRper share2026-03-04-2.960.0%
2025Q4Eper share2026-02-27-0.83-1.0%
2025Q4Rper share2026-02-27-0.87-3.9%
2025FYSper share2026-01-260.00-
2025Q4Sper share2026-01-260.00-
2025Q3Eper share2025-11-04-0.80-0.8%
2025Q3Rper share2025-11-04-0.80-4.2%
2025Q3Sper share2025-11-040.00-
2025Q2Eper share2025-07-29-0.600.0%
2025Q2Sper share2025-06-270.00-
2025Q1Eper share2025-04-01-0.67+9.8%
2025Q1Sper share2025-04-010.00-

Estimate history

Annual
Metric2022202320242025TTMMRQ
EPS per share-0.634-0.337-0.949-2.64-3.2051-
Sales USD millions00000-
Shares million shares21212222-22
Quarterly
MetricQ2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
EPS per share-2.128-0.196-0.405-0.429-0.662-0.75-0.807-0.99-0.659
Sales USD millions000000000
Shares million shares32122222222222222

Income statement, annual

USD millions, except where the row names a unit. The percent under a figure is against the same period a year earlier. TTM has no earlier TTM to compare with, and a ratio or a margin has no change.
MetricTTM2025FY12/31/20252024FY12/31/20242023FY12/31/20232022FY12/31/2022
Total Revenue0.000.000.000.000.00
Cost of Goods Sold Incl. D&A0.040.04+100.0%0.02-80.0%0.10-9.1%0.11
Gross Profit-0.04-0.04-0.02-0.10-0.11
Selling, General and Administrative Excl. Other73.9162.69+175.3%22.77+211.1%7.32-34.9%11.25
Research and Development55.0248.90+181.7%17.36+287.5%4.48-37.5%7.17
Other Operating Expense0.000.000.000.000.00
Operating Income-73.95-62.73-22.79-7.42-11.36
Interest Expense0.000.000.00--
Unusual Expense-0.010.01-95.5%0.22-82.0%1.22-47.4%2.32
Net Income Before Taxes-69.89-57.59-20.59-7.21-13.56
Income Taxes0.000.000.000.000.00
Consolidated Net Income-69.89-57.59-20.59-7.21-13.56
Net Income From Continuing Operations-69.89-57.59-20.59-7.21-13.56
Net Income-69.89-57.59-20.59-7.21-13.56
EPS (Recurring) per share-3.20-2.64-0.94-0.30-0.56
EPS (Basic, Before Extraordinaries) per share-3.21-2.64-0.95-0.34-0.63
EPS (Diluted) per share-3.21-2.64-0.95-0.34-0.63
EBITDA-73.91-62.69-22.77-7.32-11.25
Non-Operating Income (Expense)4.065.14+113.3%2.41+69.7%1.42+1083.3%0.12
Other After Tax Adjustments0.000.000.000.000.00
Stock Option Compensation Expense7.043.95+797.7%0.44+7.3%0.41+32.3%0.31
Shares Outstanding million shares21.8821.82+0.6%21.70+1.5%21.380.0%21.38
Market Capitalization33.2633.26-88.4%287.95--

Income statement, quarterly

USD millions, except where the row names a unit. The percent under a figure is against the same period a year earlier. TTM has no earlier TTM to compare with, and a ratio or a margin has no change.
Metric2026Q26/30/20262026Q13/31/20262025Q412/31/20252025Q39/30/20252025Q26/30/20252025Q13/31/20252024Q412/31/20242024Q39/30/2024
Total Revenue0.000.000.000.000.000.000.000.00
Cost of Goods Sold Incl. D&A0.010.0%0.010.0%0.010.01-88.9%0.01-80.0%0.010.00-100.0%0.09+200.0%
Gross Profit-0.01-0.01-0.01-0.01-0.01-0.010.00-0.09
Selling, General and Administrative Excl. Other15.07-4.9%22.45+114.6%18.69+97.8%17.69+253.8%15.84+162.7%10.46+382.0%9.45+327.6%5.00+195.9%
Research and Development10.44-20.5%16.56+113.7%14.29+77.3%13.73+238.2%13.13+229.9%7.75+540.5%8.06+423.4%4.06+322.9%
Other Operating Expense0.000.000.000.000.000.000.000.00
Operating Income-15.08-22.46-18.70-17.70-15.85-10.47-9.45-5.09
Interest Expense0.000.000.000.000.000.000.000.00
Unusual Expense-0.00-100.0%0.010.0%0.02-60.0%-0.04-144.4%0.010.01-90.9%0.050.09-83.0%
Net Income Before Taxes-14.39-21.59-17.60-16.32-14.37-9.31-8.78-4.18
Income Taxes0.000.000.000.000.000.000.000.00
Consolidated Net Income-14.39-21.59-17.60-16.32-14.37-9.31-8.78-4.18
Net Income From Continuing Operations-14.39-21.59-17.60-16.32-14.37-9.31-8.78-4.18
Net Income-14.39-21.59-17.60-16.32-14.37-9.31-8.78-4.18
EPS (Recurring) per share-0.66-0.99-0.81-0.75-0.66-0.43-0.40-0.19
EPS (Basic, Before Extraordinaries) per share-0.66-0.99-0.81-0.75-0.66-0.43-0.40-0.20
EPS (Diluted) per share-0.66-0.99-0.81-0.75-0.66-0.43-0.40-0.20
EBITDA-15.07-22.45-18.69-17.69-15.84-10.46-9.57-5.00
Non-Operating Income (Expense)0.69-53.7%0.89-24.6%1.12+55.6%1.35+35.0%1.49+152.5%1.18+1080.0%0.72+500.0%1.00+614.3%
Other After Tax Adjustments0.000.000.000.000.000.000.000.00
Stock Option Compensation Expense1.95+209.5%2.00+769.6%1.58+829.4%1.50+971.4%0.63+1160.0%0.23+228.6%0.170.0%0.14+100.0%
Shares Outstanding million shares21.88+0.9%21.82+0.6%21.82+0.6%21.75+1.7%21.69+747.3%21.69+747.3%21.70+1.5%21.380.0%
Market Capitalization33.26-88.7%82.25-48.8%285.77+72.6%288.35293.33160.60165.52-

Balance sheet, annual

USD millions, except where the row names a unit. The percent under a figure is against the same period a year earlier. TTM has no earlier TTM to compare with, and a ratio or a margin has no change.
Metric2025FY12/31/20252024FY12/31/20242023FY12/31/20232022FY12/31/2022
Cash & Short Term Investments110.03+49.4%73.66+637.3%9.99-38.0%16.11
Short Term Receivables0.000.000.000.00
Inventories0.000.000.000.00
Other Current Assets1.86+295.7%0.47+23.7%0.38-2.6%0.39
Total Current Assets111.89+50.9%74.14+614.9%10.37-37.1%16.49
Net Property, Plant & Equipment0.35-52.1%0.73+386.7%0.15-40.0%0.25
Total Investments and Advances0.000.000.000.00
Other Assets4.94+87.8%2.63+26200.0%0.010.0%0.01
Total Assets117.18+51.2%77.51+635.4%10.54-37.1%16.76
Short Term Debt Incl. Current Port. of LT Debt0.44+29.4%0.34+209.1%0.11+10.0%0.10
Accounts Payable2.07-10.0%2.300.000.00
Other Current Liabilities8.04+251.1%2.29+80.3%1.27+159.2%0.49
Total Current Liabilities10.55+114.0%4.93+257.2%1.38+133.9%0.59
Long Term Debt0.00-100.0%0.44-99.0%43.95-0.3%44.07
Provision for Risks Charges0.000.000.000.00
Other Liabilities0.00-100.0%0.030.00-100.0%0.02
Total Liabilities10.55+95.7%5.39-88.1%45.34+1.5%44.68
Non-Equity Reserves0.000.000.000.00
Preferred Stock - Carrying Value0.00-100.0%126.760.000.00
Common Equity106.63-54.64-34.80-27.92
Total Shareholders Equity106.63+47.9%72.11-34.80-27.92
Accumulated Minority Interest0.000.000.000.00
Total Equity106.63+47.9%72.11-34.80-27.92
Total Liabilities & Stockholders Equity117.18+51.2%77.51+635.4%10.54-37.1%16.76
Book Value Per Share per share4.89-2.52-1.63-1.31
Tangible Book Value Per Share per share4.89-2.52-1.63-1.31
Full-Time Employees people40+81.8%22--
Price to Book Ratio ratio0.442.35--
Return on Assets %-59.16-46.77-52.82-
Return on Equity %-64.44-110.36--
Return on Invested Capital %-54.01-28.38-78.76-84.02
Quick Ratio ratio10.6115.057.5027.72
Current Ratio ratio10.6115.057.5027.72

Cash flow, annual

USD millions, except where the row names a unit. The percent under a figure is against the same period a year earlier. TTM has no earlier TTM to compare with, and a ratio or a margin has no change.
MetricTTM2025FY12/31/20252024FY12/31/20242023FY12/31/20232022FY12/31/2022
Net Income-69.89-57.59-20.59-7.21-13.56
Depreciation0.040.04+100.0%0.02--
Other Funds (Non Cash)6.633.03-0.28-119.0%1.47-66.1%4.33
Funds from Operations-63.22-54.53-20.85-5.74-9.23
Extraordinary Item0.000.000.000.000.00
Changes in Working Capital-6.190.36-77.1%1.57-0.08-1.31
Cash from Operating Activities-69.41-54.17-19.28-5.82-10.54
Capital Expenditures-0.00-0.10-0.110.000.00
Net Assets From Acquisitions0.000.000.000.000.00
Sale of Fixed Assets and Businesses0.000.000.000.000.00
Purchase or Sale of Investments116.55-49.57-11.890.000.00
Purchase of Investments-4.95-129.60-11.890.000.00
Sale Or Maturity of Investments121.5080.030.000.000.00
Other Uses0.000.000.000.000.00
Other Sources0.000.000.000.000.00
Cash from Investing Activities116.55-49.67-12.000.000.00
Cash Dividends Paid0.000.000.000.000.00
Change in Capital Stock0.7189.25+7.3%83.180.00-100.0%0.23
Repurchase of Common Pref Stock0.000.000.000.000.00
Sale of Common Pref Stock0.7189.25+7.3%83.180.00-100.0%0.23
Proceedsfrom Stock Options0.4588.88+7.3%82.850.000.00
Issuance or Reduction of Debt, Net0.000.000.000.00-1.00
Change in Long Term Debt0.000.000.000.00-1.00
Issuance of Long Term Debt0.000.000.000.000.00
Reduction of Long Term Debt0.000.000.000.00-1.00
Net Financing Active Other Cash Flow0.000.000.000.000.00
Other Financing Activities Uses0.000.000.000.000.00
Cash from Financing Activities0.7189.25+7.3%83.180.00-0.78
Net Change in Cash47.85-14.59-128.1%51.91-5.82-11.32
Free Cash Flow-69.41-54.27-19.39-5.82-10.54
Preferred Dividends (Cash Flow)-0.000.000.000.00
Deferred Taxes & Investment Tax Credit-0.000.000.000.00

Balance sheet, quarterly

USD millions, except where the row names a unit. The percent under a figure is against the same period a year earlier. TTM has no earlier TTM to compare with, and a ratio or a margin has no change.
Metric2026Q26/30/20262026Q13/31/20262025Q412/31/20252025Q39/30/20252025Q26/30/20252025Q13/31/20252024Q412/31/20242024Q39/30/2024
Cash & Short Term Investments73.87-47.9%91.20-39.7%110.03+49.4%126.35+53.4%141.82151.2673.66+637.3%82.36
Short Term Receivables0.000.000.000.000.000.000.000.00
Inventories0.000.000.000.000.000.000.000.00
Other Current Assets6.79+130.2%2.38-27.7%1.86+295.7%2.86+822.6%2.953.290.47+23.7%0.31
Total Current Assets80.66-44.3%93.58-39.5%111.89+50.9%129.21+56.3%144.77154.5574.14+614.9%82.67
Net Property, Plant & Equipment0.63+21.2%0.27-57.1%0.35-52.1%0.44-47.6%0.520.630.73+386.7%0.84
Total Investments and Advances0.000.000.000.000.000.000.000.00
Other Assets0.17-92.2%4.74+157.6%4.94+87.8%3.58+1456.5%2.191.842.63+26200.0%0.23
Total Assets81.46-44.8%98.59-37.2%117.18+51.2%133.23+59.1%147.47157.0377.51+635.4%83.74
Short Term Debt Incl. Current Port. of LT Debt0.40-4.8%0.34-12.8%0.44+29.4%0.43+34.4%0.420.390.34+209.1%0.32
Accounts Payable2.09-58.7%4.49+75.4%2.07-10.0%4.44+562.7%5.062.562.300.67
Other Current Liabilities3.90-19.4%6.78+123.8%8.04+251.1%5.86+261.7%4.843.032.29+80.3%1.62
Total Current Liabilities6.39-38.0%11.60+94.0%10.55+114.0%10.74+311.5%10.315.984.93+257.2%2.61
Long Term Debt0.28+21.7%0.00-100.0%0.00-100.0%0.12-78.2%0.230.340.44-99.0%0.55
Provision for Risks Charges0.000.000.000.000.000.000.000.00
Other Liabilities0.00-100.0%0.00-100.0%0.00-100.0%0.000.010.020.030.00
Total Liabilities6.66-36.9%11.60+83.0%10.55+95.7%10.85+243.4%10.556.345.39-88.1%3.16
Non-Equity Reserves0.000.000.000.000.000.000.000.00
Preferred Stock - Carrying Value0.000.000.00-100.0%0.00-100.0%0.000.00126.76126.76
Common Equity74.80-45.4%86.99-42.3%106.63122.38136.93150.69-54.64-46.17
Total Shareholders Equity74.80-45.4%86.99-42.3%106.63+47.9%122.38+51.9%136.93150.6972.1180.58
Accumulated Minority Interest0.000.000.000.000.000.000.000.00
Total Equity74.80-45.4%86.99-42.3%106.63+47.9%122.38+51.9%136.93150.6972.1180.58
Total Liabilities & Stockholders Equity81.46-44.8%98.59-37.2%117.18+51.2%133.23+59.1%147.47157.0377.51+635.4%83.74
Book Value Per Share per share3.42-45.8%3.99-42.6%4.895.636.316.95-2.52-2.16
Tangible Book Value Per Share per share3.42-45.8%3.99-42.6%4.895.636.316.95-2.52-2.16
Full-Time Employees people55-40+81.8%72-5422-
Price to Book Ratio ratio0.440.772.332.111.95-2.98-3.58-
Return on Assets %-61.06-54.67-59.16-44.96---46.77-
Return on Equity %-66.02-58.79-64.44-48.06---110.36-
Return on Invested Capital %-19.16-24.82-16.50-13.32-10.48-6.16-12.10-5.15
Quick Ratio ratio12.638.0610.6112.0314.0425.8615.0531.65
Current Ratio ratio12.638.0610.6112.0314.0425.8615.0531.65

Cash flow, quarterly

USD millions, except where the row names a unit. The percent under a figure is against the same period a year earlier. TTM has no earlier TTM to compare with, and a ratio or a margin has no change.
Metric2026Q26/30/20262026Q13/31/20262025Q412/31/20252025Q39/30/20252025Q26/30/20252025Q13/31/20252024Q412/31/20242024Q3
Net Income-14.39-21.59-17.60-16.32-14.37-9.31-8.78-
Depreciation0.010.0%0.010.0%0.010.010.010.01-0.12-
Other Funds (Non Cash)2.02+1453.8%1.99+637.0%3.84-1.210.130.27-10.0%-0.82-415.4%-
Funds from Operations-12.36-19.59-13.75-17.52-14.23-9.03-9.72-
Extraordinary Item0.000.000.000.000.000.000.00-
Changes in Working Capital-5.24-219.6%0.72-0.67-182.7%-1.004.38-2.360.81+17.4%-
Cash from Operating Activities-17.60-18.87-14.42-18.52-9.84-11.39-8.90-
Capital Expenditures0.000.000.00-0.00-0.090.00-0.01-
Net Assets From Acquisitions0.000.000.000.000.000.000.00-
Sale of Fixed Assets and Businesses0.000.000.000.000.000.000.00-
Purchase or Sale of Investments28.75+202.6%34.2524.3029.259.50-112.62-11.89-
Purchase of Investments0.000.00-4.950.000.00-124.65-11.89-
Sale Or Maturity of Investments28.75+202.6%34.25+184.7%29.2529.259.5012.030.00-
Other Uses0.000.000.000.000.000.000.00-
Other Sources0.000.000.000.000.000.000.00-
Cash from Investing Activities28.75+205.5%34.2524.3029.259.41-112.62-11.89-
Cash Dividends Paid0.000.000.000.000.000.000.00-
Preferred Dividends (Cash Flow)0.000.000.000.000.000.000.00-
Change in Capital Stock0.260.00-100.0%-2.11-1418.7%2.56-0.0788.880.16-
Repurchase of Common Pref Stock0.000.000.000.000.000.000.00-
Sale of Common Pref Stock0.260.00-100.0%-2.11-1418.7%2.56-0.0788.880.16-
Proceedsfrom Stock Options0.260.00-100.0%-2.192.39-0.0888.770.00-
Issuance or Reduction of Debt, Net0.000.000.000.000.000.000.00-
Change in Long Term Debt0.000.000.000.000.000.000.00-
Issuance of Long Term Debt0.000.000.000.000.000.000.00-
Reduction of Long Term Debt0.000.000.000.000.000.000.00-
Net Financing Active Other Cash Flow0.000.000.000.000.000.000.00-
Other Financing Activities Uses0.000.000.000.000.000.000.00-
Cash from Financing Activities0.260.00-100.0%-2.11-1418.7%2.56-0.0788.880.16-
Net Change in Cash11.4115.387.7713.29-0.51-35.14-20.64-
Free Cash Flow-17.60-18.87-14.42-18.52-9.94-11.39-8.91-

Revenue breakdown

Revenue split-

Short interest

shares short against float, oldest to newest
SettlementOf floatShares shortFloatAvg volume
2026-10-308.10%1.0M12.8M584.55K
2026-10-154.32%0.6M12.8M133.93K
2026-09-303.70%0.5M12.8M216.28K
2026-09-153.31%0.4M12.8M254.14K
2026-08-314.00%0.5M12.7M249.06K
2026-08-144.80%0.6M12.7M266.33K
2026-07-315.13%0.7M12.7M268.15K
2026-07-155.13%0.7M12.7M269.50K
2026-06-304.20%0.5M12.6M195.08K
2026-06-157.27%0.9M12.6M192.88K
2026-05-297.87%1.0M12.6M300.00K
2026-05-158.08%1.0M12.6M289.97K
2026-04-3010.46%1.3M12.1M282.50K
2026-04-159.55%1.2M12.1M291.00K
2026-03-319.40%1.1M12.1M288.39K
2026-03-1311.50%1.4M12.0M278.00K
2026-02-2715.02%1.8M12.0M191.93K
2026-02-1315.62%1.9M12.0M199.42K
2026-01-3014.20%1.8M12.5M201.38K
2026-01-1512.99%1.6M12.5M202.40K

Option chain

expiry 2026-11-20
TypeStrikeBidAskLastIVOpen intVolumeDeltaThetaVega
call2.500.004.900.060.0002330.000.0000.0000.000
call5.000.004.300.010.0002350.000.0000.0000.000
call7.500.004.900.650.0002590.000.0000.0000.000
call10.000.001.550.907.4942.000.000.159-0.0260.001
call12.500.004.900.50112.3977.000.001.0000.0000.000
call15.000.004.900.00111.280.000.001.0000.0000.000
put2.500.004.901.200.00043.000.000.0000.0000.000
put5.001.055.903.750.00096.000.000.0000.0000.000
put7.503.508.402.600.0002400.000.0000.0000.000
put10.006.0010.904.800.0000.000.00-0.105-0.0620.000
put12.508.5013.406.660.0000.000.00-0.107-0.0640.000
put15.0011.0016.000.000.0000.000.00-0.108-0.0650.000

Latest SEC filings

30
FiledFormDescriptionPeriodLink
2026-11-104Statement of changes in beneficial ownership of securities2026-11-06SEC
2026-11-104Statement of changes in beneficial ownership of securities2026-11-06SEC
2026-11-104Statement of changes in beneficial ownership of securities2026-11-06SEC
2026-10-238-KCurrent report2026-10-23SEC
2026-10-228-KCurrent report2026-10-22SEC
2026-10-084Statement of changes in beneficial ownership of securities2026-10-07SEC
2026-10-083Initial statement of beneficial ownership of securities2026-10-07SEC
2026-10-088-KCurrent report2026-10-06SEC
2026-09-11144Filing for proposed sale of securities under Rule 144.SEC
2026-09-114Statement of changes in beneficial ownership of securities2026-09-10SEC
2026-09-10144Filing for proposed sale of securities under Rule 144.SEC
2026-08-214Statement of changes in beneficial ownership of securities2026-08-14SEC
2026-08-214Statement of changes in beneficial ownership of securities2026-08-14SEC
2026-08-214Statement of changes in beneficial ownership of securities2026-08-14SEC
2026-08-214Statement of changes in beneficial ownership of securities2026-08-14SEC
2026-08-178-KCurrent report2026-08-14SEC
2026-08-1110-QQuarterly report pursuant to Section 13 or 15(d)2026-06-30SEC
2026-08-118-KCurrent report2026-08-11SEC
2026-07-10ARSAnnual report to security holders. 2025-12-31SEC
2026-07-10DEF 14AProxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 19342026-08-14SEC
2026-06-29PRE 14AProxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 19342026-08-14SEC
2026-06-128-KCurrent report2026-06-10SEC
2026-05-148-KCurrent report2026-05-14SEC
2026-05-0710-QQuarterly report pursuant to Section 13 or 15(d)2026-03-31SEC
2026-05-078-KCurrent report2026-05-07SEC
2026-04-03EFFECTEffectiveness filing by commission orderSEC
2026-04-03424B5SEC
2026-03-30CORRESPSEC
2026-03-25UPLOADUpload SubmissionSEC
2026-03-248-KCurrent report2026-03-23SEC

Insider activity by month

MonthBoughtBuysSoldSells
2026-110000
2026-100000
2026-0900394.96K2
2026-080000
2026-070000
2026-060000
2026-050000
2026-040000
2026-030000
2026-020000
2026-010000
2025-12144.60K200
2025-110000

Institutional holders

Manager% owned
Decheng Capital LLC17.96%
CITADEL ADVISORS LLC5.88%
Laurion Capital Management LP4.73%
VANGUARD CAPITAL MANAGEMENT LLC2.58%
AQR CAPITAL MANAGEMENT LLC2.20%
EcoR1 Capital, LLC1.82%
ADAGE CAPITAL PARTNERS GP, L.L.C.1.38%
CANTOR FITZGERALD, L. P.1.07%
BlackRock, Inc.0.86%
GEODE CAPITAL MANAGEMENT, LLC0.64%

Funds

Fund% owned
VANGUARD TOTAL STOCK MARKET INDEX FUND1.87%
VANGUARD EXTENDED MARKET INDEX FUND0.64%
Fidelity Small Cap Index Fund0.58%
iShares Biotechnology ETF0.41%
Fidelity Extended Market Index Fund0.31%
VANGUARD RUSSELL 2000 INDEX FUND0.30%
iShares Micro-Cap ETF0.20%
Schwab Small-Cap Index Fund0.13%
Ultra-Small Company Market Fund0.11%
Fidelity Total Market Index Fund0.10%

OakChart. AARD. Cached 15 minutes. Terms