Cosmos Health Inc.
Cosmos Health Inc. operates as a software and IT services company, generating revenue through application software and related health-tech solutions, including distribution via Amazon UK.
Business. Cosmos Health Inc. (Nasdaq: COSM) is a software company that develops application software, primarily operating within the Technology sector's Software & IT Services industry. The firm utilizes a subscription-based revenue model to deliver its solutions. As specific operating segments and geographic breakdowns are not disclosed, the company is described at the industry level. Cosmos Health is headquartered in the United States and is primarily listed on the Nasdaq stock exchange.
At a glance
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- Company
- EarningsQ3 2026 earnings (expected)2026-10-28 · estimated
- Peers
- EarningsQ2 2026 earnings (expected)2026-08-28 · estimated · Salesforce (CRM)
- EarningsQ3 2026 earnings (expected)2026-10-28 · estimated · ServiceNow (NOW)
- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
Signals & dispatch
Composite-score breakdown
Synthesis
Cosmos Health Inc. (Nasdaq: COSM) is a software company that develops application software, primarily operating within the Technology sector's Software & IT Services industry. The firm utilizes a subscription-based revenue model to deliver its solutions. As specific operating segments and geographic breakdowns are not disclosed, the company is described at the industry level. Cosmos Health is headquartered in the United States and is primarily listed on the Nasdaq stock exchange.
Cosmos Health maintains a fragile capital structure characterized by high liquidity risk and significant dilution pressure. The company holds $514,702 in cash and equivalents against total liabilities of $42,542,652, resulting in a current ratio of 1.08, which sits at the lower bound of comfort ranges. The balance sheet includes $7,856,208 in lines of credit and $5,432,237 in convertible notes payable, alongside a derivative liability of $1,060,230. The diluted share count of 47,087,621 is materially higher than the basic count of 41,067,312, indicating substantial embedded dilution from convertible instruments and options.
Profitability remains deeply negative, with a net loss of $2,805,423 in Q1 2026, driving a return on equity of -96.56% and a return on assets of -30.7%. Gross profit of $1,381,171 on revenue of $17,927,892 yields a gross margin of approximately 7.7%, which is exceptionally low for the software sector, suggesting a business model heavily weighted toward low-margin distribution or hardware rather than pure software licensing. Operating income was -$2,184,179, and free cash flow was negative $1,078,465, reflecting ongoing cash burn despite minimal capital expenditures of $11,399.
- Liquidity is critically tight with a current ratio of 1.08 and only $514k in cash against $34M in current liabilities.
- Dilution risk is high, with diluted shares 14.6% higher than basic shares due to convertible notes and options.
- Profitability is negative with a -96.56% ROE and a gross margin of ~7.7%, inconsistent with pure software peers.
- Going-concern warnings are present in filings, signaling substantial doubt about the company’s ability to continue operations.
- Recent stock volatility (17% daily move) reflects speculative trading rather than fundamental improvement.
Bull / Bear case
Generated · model-assistedAnalysts project a 1,693.5% upside to a $4.50 target price, significantly exceeding the current market price of $0.25.
Free cash flow improved by 4.3% year-over-year in FY2025, indicating a slight reduction in cash burn relative to the prior period.
The company maintains a zero debt-to-equity ratio, placing it above the median leverage level of its software cohort peers.
Operating income improved by 6.9% year-over-year in FY2025, suggesting a marginal stabilization in core operational profitability metrics.
Capital expenditure as a percentage of revenue is in the top quartile, indicating disciplined investment levels relative to peers.
The company faces high dilution and liquidity risks, posing significant threats to shareholder value and operational continuity.
The company generated negative free cash flow of $8.5 million in FY2025, continuing its pattern of cash consumption.
Cash conversion of 0.44 is below the cohort median of 0.91, indicating inefficient translation of earnings into cash.
In focus — financials by report
Revenue $17.9M; Operating income -$2.2M.
- ▍Revenue $17.9M
- ▍Operating income -$2.2M
- ▍Net margin -15.6%
Revenue $45.6M; Operating income -$5.3M.
- ▍Revenue $45.6M
- ▍Operating income -$5.3M
- ▍Net margin -19.7%
Revenue $28.5M; Operating income -$3.5M.
- ▍Revenue $28.5M
- ▍Operating income -$3.5M
- ▍Net margin -12.8%
Revenue $65.3M; Operating income -$16.7M.
- ▍Revenue $65.3M
- ▍Operating income -$16.7M
- ▍Net margin -29.3%
Revenue $54.4M; Operating income -$15.5M.
- ▍Revenue $54.4M
- ▍Operating income -$15.5M
- ▍Net margin -29.7%
Revenue $54.4M; Operating income -$15.5M.
- ▍Revenue $54.4M
- ▍Operating income -$15.5M
- ▍Net margin -29.7%
Revenue $53.4M; Operating income -$21.8M.
- ▍Revenue $53.4M
- ▍Operating income -$21.8M
- ▍Net margin -34.7%
Revenue $53.4M; Operating income -$21.8M.
- ▍Revenue $53.4M
- ▍Operating income -$21.8M
- ▍Net margin -34.7%
Valuation FY
Revenue by segment
Business relationships
Supply chain
Peer comparison
Market position
Stress test
Predictor forecast
| Metric | Our forecast | Guidance | Consensus |
|---|---|---|---|
| EPS | —no estimate | —no estimate | 0,01 |
| Revenue | —no estimate | —no estimate | 87,3M USD |
| Operating income | —no estimate | —no estimate | —no estimate |
Options
Short squeeze
Earnings-call key lines
Consensus distribution
sell-side coverageEstimate revisions
consensus EPS · 26-week trendSell-side observations
Themes
ESG
Risk factors
- Diluted share count is materially above the basic share count.
- Current ratio is close to the minimum comfort range.
- Filings reference going-concern or substantial-doubt language.
- Source documents mention dilution or offering risk.
Benchmarks vs cohort
Corporate actions / M&A
FX exposure
Comparable transactions
Derivatives & instruments
Derivative transactions
- Director, Chief Executive Officer, 10% owner · Restricted Stock Unit → Common Stock, par value $.001Disposed 2 350 000conversion · 2026-05-19
- Director, Secretary · Restricted Stock Unit → Common Stock, par value $.001Disposed 20 000conversion · 2026-05-19
- Director · Restricted Stock Unit → Common Stock, par value $.001Disposed 40 000conversion · 2026-05-19
- Director · Restricted Stock Unit → Common Stock, par value $.001Disposed 20 000conversion · 2026-05-19
- Chief Financial Officer · Restricted Stock Unit → Common Stock, par value $.001Disposed 850 000conversion · 2026-05-19
- Director · Restricted Stock Unit → Common Stock, par value $.001Disposed 2 000conversion · 2026-05-19
- Director · Restricted Stock Unit → Common Stock, par value $.001Disposed 20 000conversion · 2026-05-19
Actions
Ask Handelsavisen
- Market data
- Regulatory filings
- Issuer disclosures
- Public news
- Earnings transcripts
- Consensus estimates
- ESG data
- Reference data
- Return On Assetsnet_income / total_assets
- Debt To Equity(short_term_debt + long_term_debt) / total_equity
- Dilution Ratio(shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
- Enterprise Valuemarket_cap - net_cash
- Net Cashcash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
- Price To Bookmarket_price / (adjusted_book_value / shares_outstanding_diluted)
- Cosmos Health Inc. company facts · 2026-07-08
- Cosmos Health Inc. 10-Q 2026-05-20 · 2026-07-08
- Cosmos Health Inc. 10-K 2026-04-15 · 2026-07-08
- Cosmos Health Inc. 10-Q 2025-11-14 · 2026-07-08
- Cosmos Health Inc. 10-Q 2025-08-18 · 2026-07-08
- ha_price_move fired on COSM · 2026-07-08
- Cosmos Health Inc. HA canonical relationships · 2026-07-08
Ownership & reference
Top holders
- Investment Managers · as of 2024-06-300,00 %$0M
- Investment Managers · as of 2026-03-310,00 %$0M
- Investment Managers · as of 2025-12-310,00 %$0M
- Investment Managers · as of 2026-03-310,00 %$0M
- Investment Managers · as of 2026-03-310,00 %$0M
- Investment Managers · as of 2026-03-310,00 %$0M
- Brokerage Firms · as of 2026-03-310,00 %$0M
- Institutional Investor · as of 2026-03-310,00 %$0M
Leadership
- Grigorios SiokasChairman of the Board, Chief Executive Officer
Insider activity
- Chief Financial Officer · Common Stock, par value $.001Bought 168 135 @ $0,25$42K · 2026-06-16
- Director, Chief Executive Officer, 10% owner · Common Stock, par value $.001Bought 218 447 @ $0,21$45K · 2026-06-11
- Director, Chief Executive Officer, 10% owner · Common Stock, par value $.001Bought 701 447 @ $0,23$160K · 2026-06-10
- Director, Secretary · Common Stock, par value $.001Other 20 000 @ $0,28$6K · 2026-05-19
- Director · Common Stock, par value $.001Other 20 000 @ $0,28$6K · 2026-05-19
- Director, Chief Executive Officer, 10% owner · Common Stock, par value $.001Other 2 350 000 @ $0,28$665K · 2026-05-19
- Director · Common Stock, par value $.001Other 20 000 @ $0,28$6K · 2026-05-19
- Chief Financial Officer · Common Stock, par value $.001Other 850 000 @ $0,28$241K · 2026-05-19
- Director · Common Stock, par value $.001Other 20 000 @ $0,28$6K · 2026-05-19
- Director · Common Stock, par value $.001Other 40 000 @ $0,28$11K · 2026-05-19
- Director, Chief Executive Officer, 10% owner · Common Stock, par value $.001Bought 388 532 @ $0,37$145K · 2026-02-12
- Director, Chief Executive Officer, 10% owner · Common Stock, par value $.001Bought 291 262 @ $0,41$120K · 2026-02-11
- Director, Chief Executive Officer, 10% owner · Common Stock, par value $.001Bought 90 325 @ $0,50$45K · 2026-01-23
- Director, Chief Executive Officer, 10% owner · Common Stock, par value $.001Bought 353 321 @ $0,50$175K · 2026-01-20
- Director, Chief Executive Officer, 10% owner · Common Stock, par value $.001Bought 493 495 @ $0,45$220K · 2026-01-14
- Director, Chief Executive Officer, 10% owner · Common Stock, par value $.001Bought 113 185 @ $0,50$57K · 2026-01-12
- Director, Chief Executive Officer, 10% owner · Common Stock, par value $.001Bought 156 190 @ $0,52$81K · 2026-01-08
- Director, Chief Executive Officer, 10% owner · Common Stock, par value $.001Bought 124 880 @ $0,52$65K · 2026-01-07
- Director · Common Stock, par value $.001Other 15 000 @ $0,00$15 · 2025-12-31
- Director, Chief Executive Officer, 10% owner · Common Stock, par value $.001Other 1 350 000 @ $0,00$1K · 2025-12-31
- Director, Chief Executive Officer, 10% owner · Common Stock, par value $.001Other 100 000 @ $0,00$100 · 2025-12-31
- Chief Financial Officer · Common Stock, par value $.001Other 490 000 @ $0,00$490 · 2025-12-31
- Director · Common Stock, par value $.001Other 20 000 @ $0,00$20 · 2025-12-31
- Director · Common Stock, par value $.001Other 15 000 @ $0,00$15 · 2025-12-31
- Director, Secretary · Common Stock, par value $.001Other 15 000 @ $0,00$15 · 2025-12-31
Short positioning
Geographic breakdown
Intel & risk
Evidence & claims
From filings & derived data- Total liabilities (YoY) (2025-12-31 vs 2024-12-31): 58.0%Derived (calculated)
- Net margin (FY 2025-12-31): -29.3%Derived (calculated)
- Gross margin (FY 2025-12-31): 12.1%Derived (calculated)
- Return on equity (FY 2025-12-31): -103.9%Derived (calculated)
- Return on assets (FY 2025-12-31): -29.2%Derived (calculated)
- Current ratio (FY 2025-12-31): 1.00xDerived (calculated)
- Debt-to-equity (FY 2025-12-31): 2.55xDerived (calculated)
- Capex (YoY) (2025-12-31 vs 2024-12-31): -86.7%Derived (calculated)
- Cash & equivalents (YoY) (2025-12-31 vs 2024-12-31): 127.1%Derived (calculated)
- Cost of revenue (YoY) (2025-12-31 vs 2024-12-31): 14.5%Derived (calculated)
- EPS (basic) (YoY) (2025-12-31 vs 2024-12-31): 46.2%Derived (calculated)
- EPS (diluted) (YoY) (2025-12-31 vs 2024-12-31): 46.2%Derived (calculated)
- Gross profit (YoY) (2025-12-31 vs 2024-12-31): 83.1%Derived (calculated)
- Long-term debt (YoY) (2025-12-31 vs 2024-12-31): -8.1%Derived (calculated)
- Net income (YoY) (2025-12-31 vs 2024-12-31): -18.3%Derived (calculated)
- Operating cash flow (YoY) (2025-12-31 vs 2024-12-31): -9.5%Derived (calculated)
- Operating income (YoY) (2025-12-31 vs 2024-12-31): -7.5%Derived (calculated)
- Revenue (YoY) (2025-12-31 vs 2024-12-31): 19.9%Derived (calculated)
- Shareholders' equity (YoY) (2025-12-31 vs 2024-12-31): -24.9%Derived (calculated)
- Total assets (YoY) (2025-12-31 vs 2024-12-31): 20.6%Derived (calculated)
- R&D expense (YoY) (2025-12-31 vs 2024-12-31): -2.6%Derived (calculated)
- Capex (annual): USD 55.67KSEC XBRL filing
- Cash & equivalents (annual): USD 715.67KSEC XBRL filing
- Shareholders' equity (annual): USD 18.42MSEC XBRL filing