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GWH NYSE Diversified Electrical Components

ESS Tech, Inc.

$0,86
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Mcap
25,2M USD
P/E
EV / Rev
8,7x
Div yield
Op margin
-10 765,6 %
ROE
-168,6 %
Net margin
-12 439,1 %
Debt / equity
0,00
Beta
52w range
Volume
1
Day range
Prev close
$0,98
Open
$1,03
Next earnings
2026-10-28
Ex-dividend
TR 1Y
About

ESS Tech, Inc. designs and produces long-duration batteries using earth-abundant materials, which the company claims can be cycled over 20,000 times without capacity fade based on lab-scale results.

Business. ESS Tech, Inc. (NYSE: GWH) is an industrial machinery and equipment company that operates within the Industrial Goods sector. The firm generates revenue primarily through the sale of products. Specific details regarding the company's operating segments, headquarters location, and geographic mix are not provided in the available data.

Classification99 %
SectorIndustrials
Industry groupDiversified Electrical Components
Generated · model-assisted
Sell-side consensus
BUY1 analysts
1 buy0 hold0 sell
Avg 12m price target2,50

Analyst recommendations

1 analysts · consensus Buy
Buy1
Hold0
Sell0
12-month price target
2,50
Consensus of sell-side coverage.
Upcoming events
  • EarningsQ3 2026 earnings (expected)2026-10-28 · estimated
See all catalysts →

At a glance

Score
not yet scored
Valuation
valuation pending
Analysts
Buy
1 analysts · indicative
Ownership
UBS Financial Services, Inc.
largest disclosed fund holder
Profitability
-168,6 %
return on equity
Quality
not yet scored

What drives this business

The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.

— missing data

News & coverage

0
  • No recent newsroom coverage mentioning GWH.
  • Sector rotation

    Sector1D1Mvs mkt
    Materials+2,3 %+6,6 %+1,7 %
    Communication Services+2,2 %−5,5 %+1,6 %
    Energy+0,6 %+3,3 %+0,0 %
    Health Care+0,6 %−0,8 %+0,0 %
    Information Technology+0,6 %+6,7 %+0,0 %
    Consumer Discretionary+0,4 %+7,6 %−0,2 %
    Financials−0,3 %−2,8 %−0,9 %
    Consumer Staples−0,4 %+2,5 %−1,0 %
    Real Estate−0,7 %+10,9 %−1,3 %
    Industrials · THIS SECTOR−1,9 %−3,1 %−2,5 %
    Utilities−1,9 %+28,2 %−2,5 %

    Developing storylines

    No tracked sagas currently linked to GWH. Browse all sagas →

    Analysis

    AI analysis
    Generated · analysis pipeline · tier hybrid · as of 2026-08-04 ↑ At a glance

    Opportunity

    — missing data

    Upcoming catalysts

    Scheduled public events. Informational only — not investment advice.

    • Company
    • EarningsQ3 2026 earnings (expected)2026-10-28 · estimated
    • 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

    Briefing · model-assisted

    ESS Tech, Inc. (GWH) has recorded a notable addition to its shareholder base, marking the first material change identified in this analysis cycle. As of June 30, 2024, a new investor (ID 466) acquired a position of 835,493 shares, valued at approximately $0.68 million. This acquisition represents a weight of roughly 0.0015% in the investor’s portfolio, signaling a fresh entry into the company’s ownership structure. This development is significant as it establishes the initial baseline for tracking ownership dynamics for GWH. With no prior basis for delta computation in previous analyses, this addition serves as the starting point for monitoring future shifts in institutional or major holder activity. The presence of this new holder adds to the company’s existing roster of 11 top holders, providing a clearer picture of its current capital support. The change occurs within a broader context where ESS Tech, Inc. currently reports zero active analyst coverage and no index memberships. The absence of analyst ratings and index inclusion suggests that the company’s valuation and visibility are currently driven more by direct holder activity than by broad market consensus or passive index flows. Consequently, individual holder moves like this one carry disproportionate weight in signaling market interest. While the specific identity of investor ID 466 is not disclosed in the available data, the timing of the acquisition—detected in June 2026 for the period ending June 2024—highlights the importance of monitoring filing delays and reporting lags. For a company with limited external coverage, such holder changes provide critical, albeit sparse, data points for assessing investor sentiment and potential future liquidity trends.

    Signals & dispatch

    peak dispatch · —

    Composite-score breakdown

    Synthesis

    Business

    ESS Tech, Inc. (NYSE: GWH) is an industrial machinery and equipment company that operates within the Industrial Goods sector. The firm generates revenue primarily through the sale of products. Specific details regarding the company's operating segments, headquarters location, and geographic mix are not provided in the available data.

    Classification99 %
    SectorIndustrials
    Industry groupDiversified Electrical Components
    AI synthesis
    GENERATED

    The company's capital structure is characterized by a high price-to-book ratio of 4.29 and a price-to-tangible-book ratio of 4.29, indicating that the market is valuing the company's intangible assets at a premium relative to its tangible book value. The company has no long-term or short-term debt, and its cash and equivalents amount to $15.49 million, which is a significant portion of its total assets of $48.57 million. The current ratio of 1.08 suggests that the company's current assets are only slightly higher than its current liabilities, placing it near the minimum comfort range for liquidity.

    Profitability metrics are negative, with a return on equity of -1.69 and a return on assets of -0.33, indicating that the company is not generating returns for its shareholders or assets. The gross profit is -$7.04 million, and the operating income is -$13.78 million, both of which are significantly below the industry median for industrial machinery companies. The net income is -$15.92 million, reflecting a substantial loss for the period.

    The company's revenue is concentrated in a single product line, the Energy Base product, which is the focus of its strategic pivot. There is no disclosed geographic segmentation, but the company's operations are subject to global supply chain challenges, tariffs, and trade restrictions. The company's exposure to international markets is a risk factor, particularly in light of geopolitical tensions and macroeconomic developments.

    The company's growth trajectory is uncertain, with a negative operating cash flow of -$13.46 million and a free cash flow of -$14.39 million. The diluted share count is 29.29 million, which is moderately higher than the basic share count of 27.92 million, indicating potential dilution risk. The company's capital expenditure of $930,000 is relatively low compared to its operating cash outflows, suggesting that the company is not investing heavily in growth at this time.

    The company faces several risk factors, including the potential for further dilution through equity offerings, the need to regain compliance with NYSE listing requirements, and the uncertainty surrounding the deployment of proceeds from prior and future offerings. The risk assessment indicates a high dilution risk and a medium liquidity risk, with the current ratio being a key concern. The company's ability to obtain and maintain intellectual property protection and to execute on its strategic pivot is also a significant risk.

    Recent events include the company's partial coverage by Companyfacts, which backfilled short-term and long-term debt data. The company has also experienced leadership transitions and is navigating a complex regulatory and geopolitical environment. The company's 10-Q filing highlights the risks associated with its forward-looking statements and the potential for material differences between actual results and those suggested by the statements.

    ESS Tech, Inc. (GWH) has recorded a notable addition to its shareholder base, marking the first material change identified in this analysis cycle. As of June 30, 2024, a new investor (ID 466) acquired a position of 835,493 shares, valued at approximately $0.68 million. This acquisition represents a weight of roughly 0.0015% in the investor’s portfolio, signaling a fresh entry into the company’s ownership structure. This development is significant as it establishes the initial baseline for tracking ownership dynamics for GWH. With no prior basis for delta computation in previous analyses, this addition serves as the starting point for monitoring future shifts in institutional or major holder activity. The presence of this new holder adds to the company’s existing roster of 11 top holders, providing a clearer picture of its current capital support. The change occurs within a broader context where ESS Tech, Inc. currently reports zero active analyst coverage and no index memberships. The absence of analyst ratings and index inclusion suggests that the company’s valuation and visibility are currently driven more by direct holder activity than by broad market consensus or passive index flows. Consequently, individual holder moves like this one carry disproportionate weight in signaling market interest. While the specific identity of investor ID 466 is not disclosed in the available data, the timing of the acquisition—detected in June 2026 for the period ending June 2024—highlights the importance of monitoring filing delays and reporting lags. For a company with limited external coverage, such holder changes provide critical, albeit sparse, data points for assessing investor sentiment and potential future liquidity trends.

    Key takeaways
    • The company is operating at a significant loss with negative returns on equity and assets.
    • The company's liquidity is constrained, with a current ratio near the minimum comfort range.
    • The company's strategic pivot to the Energy Base product is a key growth driver but is subject to execution risk.
    • The company faces high dilution risk due to a moderately elevated diluted share count.
    • The company's operations are exposed to global supply chain and geopolitical risks.

    Bull / Bear case

    Generated · model-assisted
    BULL CASE · 3

    Analysts project 190.7% upside to a $2.50 target price, signaling strong institutional confidence in future recovery.

    The company maintains a zero debt-to-equity ratio, ranking above the 75th percentile within its industrial machinery cohort.

    Capital expenditure intensity of 7.27% of revenue ranks as best-in-class compared to the cohort median.

    BEAR CASE · 4

    Net income deteriorated to $86.2 million loss in FY2024, reflecting a severe -124.4% net margin.

    Free cash flow turned negative at -$79.5 million in FY2024, indicating significant ongoing cash burn.

    Operating margin of -107.7% places the company in the bottom quartile of its 877-firm cohort.

    High dilution risk flags suggest potential equity issuance, which could significantly erode existing shareholder value.

    In focus — financials by report

    Quarterly
    Annual
    QUARTERLYFiled 2026-03-31
    Q4 2025 · Quarter highlights

    Revenue $128.0k; Operating income -$13.8M.

    Revenue$128.0k
    Operating income-$13.8M
    Net income-$15.9M
    Free cash flow-$14.4M
    EPS
    Operating cash flow-$13.5M
    Financials
    Income statement
    Revenue$128.0k
    Gross profit-$7.0M
    Operating income-$13.8M
    Net income-$15.9M
    Margins
    Gross margin-5498.4%
    Operating margin-10765.6%
    Net margin-12439.1%
    FCF margin-11241.4%
    Balance sheet
    Total assets$48.6M
    Total liabilities$39.1M
    Total equity$9.4M
    Cash & equivalents$15.5M
    Long-term debt
    Cash flow
    Operating cash flow-$13.5M
    CapEx$930.0k
    Free cash flow-$14.4M
    SBC$1.1M
    P&L flow · revenue → net income
    Revenue $128.0kOperating costs $13.9MTax $2.1MNet income $15.9M
    Highlights
    • Revenue $128.0k
    • Operating income -$13.8M
    • Net margin -12439.1%

    Valuation FY

    Market price
    $0,86
    Market cap
    $29.3M
    Enterprise value
    $13.8M
    P/E
    Non-GAAP P/E
    EV / Revenue
    8.7x
    EV / Op income
    EV / OCF
    P / B
    4.3x
    P / Tangible book
    4.3x
    Tangible book
    $6.8M
    Net cash
    $15.5M
    Current ratio
    1.1
    Debt / equity
    0.0
    ROA
    -32.8%
    ROE
    -1.7%
    Cash conversion
    85.0%
    CapEx / revenue
    7.3%
    SBC / revenue
    8.3%
    Dilution ratio
    4.9%

    Revenue by segment

    Market share

    INDUSTRYSEGMENTCOMPANYIndustrialsIndustryDiversified Electrical Components200,2B node revenueETN 13,7%JCI 11,8%WCC 11,8%CARR 10,9%TT 10,7%EMR 9,0%VRT 5,1%ROK 4,2%Other 23,0%
    Source: company disclosures · own-taxonomy revenue-covered setGWH 0,0% · rank #48 of 51

    Business relationships

    — missing data

    Supply chain

    — missing data

    Peer comparison

    Peer comparison8 peers · vs GWH · multiples and returns
    ET
    ETN
    Eaton Corp PLC
    $440,28
    171,4B USD
    P/E
    38,8x
    vs self
    Div yield
    1,0 %
    vs self
    ROE
    20,2 %
    +188,7 vs self
    JC
    JCI
    Johnson Controls Internation
    $146,39
    89,9B USD
    P/E
    26,7x
    vs self
    Div yield
    1,1 %
    vs self
    ROE
    24,3 %
    +192,9 vs self
    WC
    WCC
    Wesco International Inc
    $361,33
    17,9B USD
    P/E
    113,7x
    vs self
    Div yield
    vs self
    ROE
    3,0 %
    +171,6 vs self
    CA
    CARR
    Carrier Global Corp
    $63,17
    53,2B USD
    P/E
    37,2x
    vs self
    Div yield
    1,1 %
    vs self
    ROE
    10,8 %
    +179,3 vs self
    TT
    TT
    Trane Technologies PLC
    $461,21
    102,8B USD
    P/E
    37,6x
    vs self
    Div yield
    0,9 %
    vs self
    ROE
    33,9 %
    +202,4 vs self
    EM
    EMR
    Emerson Electric Co
    $154,85
    87,1B USD
    P/E
    33,8x
    vs self
    Div yield
    1,5 %
    vs self
    ROE
    11,3 %
    +179,9 vs self
    VR
    VRT
    Vertiv Holdings Co
    $267,50
    105,0B USD
    P/E
    97,6x
    vs self
    Div yield
    vs self
    ROE
    28,0 %
    +196,6 vs self
    RO
    ROK
    Rockwell Automation Inc
    $478,84
    54,0B USD
    P/E
    61,3x
    vs self
    Div yield
    1,1 %
    vs self
    ROE
    24,7 %
    +193,2 vs self

    Market position

    Stress test

    — missing data

    Predictor forecast

    Next quarternear-term
    Earnings · next quarterconf 45 %
    EPS
    Consensus EPS
    -1,00
    Predicted surprise
    +0,00
    Beat probability
    45 %
    Analysts
    1
    Other metrics
    Revenue
    no estimate
    Segment revenue
    no estimate
    Margin
    no estimate
    Segment margin
    no estimate
    as of 2026-05-08 · Earnings Surprise V1
    Period note: consensus is not fiscal-period-aligned at source — read as consensus vs the last reported actual, not a calibrated same-quarter surprise.
    Full fiscal year~1 year ahead
    Full fiscal year · our forecast vs guidance vs consensus
    MetricOur forecastGuidanceConsensus
    EPSno estimateno estimate-1,00
    Revenueno estimateno estimate2,1M USD
    Operating incomeno estimateno estimate-34,7M USD
    Full-year consensus mean (period as reported by source) · consensus in USD. Company-level full-year forecast and management guidance are not yet modelled at scale — shown as "no estimate", never inferred.
    Corporate eventM&A horizon
    M&A probabilityconf 5 %
    Probability
    5 %
    Base rate
    3 %
    Band
    180-day horizon · target 2027-01-23 · 1,8× base rate
    No acquirer candidates identified by the signal model.
    Probabilistic model output — not investment advice. · generated 2026-08-04

    Options

    — missing data

    Short squeeze

    — missing data

    Earnings-call key lines

    — missing data

    Consensus distribution

    sell-side coverage
    Recommendation distribution1 analysts
    Strong buy0
    Buy1
    Hold0
    Sell0
    Strong sell0
    12-month price target$2,50 · Median $2,50
    Low $2,50High $2,50
    Operating income · consensus-34,7M USD
    EPS surprise
    −334,0 %
    reported vs consensus · miss
    Revenue surprise
    −24,6 %
    reported vs consensus · miss

    Estimate revisions

    consensus EPS · 26-week trend
    — missing data

    Sell-side observations

    Low$2,50
    Mean$2,50
    Median$2,50
    High$2,50
    Spot$0,86
    +190.7 %implied to mean12-month sell-side price targets · ▲ spot

    Themes

    — missing data

    ESG

    — missing data

    Risk factors

    Dilution riskHigh
    Liquidity riskMedium
    Filing-based flags
    • Diluted share count is moderately above the basic share count.
    • Current ratio is close to the minimum comfort range.
    • Source documents mention dilution or offering risk.

    Benchmarks vs cohort

    Op Margin-10 765,6 %Bottom quartile
    Net Margin-12 439,1 %Bottom quartile
    ROE-168,6 %Bottom quartile
    Capex / Rev726,6 %Best in class
    D/E0,00Above median
    Cash Conv0,85Below median

    Corporate actions / M&A

    M&A probabilityconf —
    Probability
    5 %
    Base rate
    3 %
    Band
    Moderate
    180-day horizon · target 2027-01-23 · 1,8× base rate
    No acquirer candidates identified by the signal model.
    Corporate actionsNo corporate-action source connected yet — splits, dividends and buyback events are not tracked for this company. Honest-dim (no data fabricated).

    FX exposure

    — missing data

    Comparable transactions

    — missing data

    Derivatives & instruments

    Derivative transactions

    Net acquired 825 000 sh3 grants3 insiders
    • Goodman Kelly F.SEE REMARKS · Stock Option (right to buy) → Common StockAcquired 137 500 @ $1,44grant · 2026-02-13
    • Suhadolnik Kate EileenChief Financial Officer · Stock Option (right to buy) → Common StockAcquired 137 500 @ $1,44grant · 2026-02-13
    • Buckley Drew PDirector, CEO · Stock Option (right to buy) → Common StockAcquired 550 000 @ $1,68grant · 2026-01-28

    Actions

    Ask Handelsavisen

    — missing data
    Data sources
    • Market data
    • Regulatory filings
    • Issuer disclosures
    • Public news
    • Earnings transcripts
    • Consensus estimates
    • ESG data
    How metrics are computed
    • Return On Equity
      net_income / total_equity
    • Price To Book
      market_price / (adjusted_book_value / shares_outstanding_diluted)
    • Dilution Ratio
      (shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
    • Market Price
      input from market-data provider (delayed close or quote-shim mid)
    • Market Cap
      market_price * shares_outstanding_diluted
    • Ev To Revenue
      enterprise_value / revenue
    Source documents
    • ESS Tech, Inc. company facts · 2026-05-28
    • ESS Tech, Inc. 10-Q 2026-05-07 · 2026-05-28
    • ESS Tech, Inc. 10-K 2026-03-05 · 2026-05-28
    • ESS Tech, Inc. 10-Q 2025-11-13 · 2026-05-28
    • ESS Tech, Inc. 10-Q 2025-08-14 · 2026-05-28

    Ownership & reference

    Top holders

    • UBS Financial Services, Inc.Investment Managers · as of 2026-03-310,00 %$0M
    • Geode Capital Management, L.L.C.Investment Managers · as of 2026-03-310,00 %$0M
    • BlackRock Institutional Trust Company, N.A.Investment Managers · as of 2024-06-300,00 %$1M
    • Vanguard Capital Management, LLCInvestment Managers · as of 2025-12-310,00 %$1M
    • Northern Trust Investments, Inc.Investment Managers · as of 2026-03-310,00 %$0M
    • LPL Financial LLCInvestment Managers · as of 2026-03-310,00 %$0M
    • FMR LLCInstitutional Investor · as of 2026-03-310,00 %$0M
    • State Street Investment Management (US)Investment Managers · as of 2026-03-310,00 %$0M
    • Morgan Stanley Smith Barney LLCInvestment Managers · as of 2026-03-310,00 %$0M
    • JONES FINANCIAL COMPANIES LLLPInstitutional Investor · as of 2026-03-310,00 %$0M
    • Wells Fargo AdvisorsBrokerage Firms · as of 2026-03-310,00 %$0M

    Insider activity

    Net buying1 buys · 6 sellsnet $13K11 insiders · last 365d
    • Buckley Drew PDirector, CEO · Common StockBought 25 000 @ $1,03$26K · 2026-06-04
    • Quarls HarryDirector · Common StockOther 13 513 · 2026-05-29
    • Hossfeld RichDirector · Common StockOther 13 513 · 2026-05-29
    • Garabedian RaffiDirector · Common StockOther 13 513 · 2026-05-29
    • Nijhawan SandeepDirector · Common StockOther 13 513 · 2026-05-29
    • WELLMAN ALEXIDirector · Common StockOther 13 513 · 2026-05-29
    • Suhadolnik Kate EileenChief Financial Officer · Common StockSold 1 922 @ $0,93$2K · 2026-05-22
    • Goodman Kelly F.SEE REMARKS · Common StockSold 2 751 @ $0,93$3K · 2026-05-22
    • Suhadolnik Kate EileenChief Financial Officer · Common StockSold 1 735 @ $0,92$2K · 2026-05-21
    • Goodman Kelly F.SEE REMARKS · Common StockSold 2 482 @ $0,92$2K · 2026-05-21
    • Suhadolnik Kate EileenChief Financial Officer · Common StockSold 741 @ $1,54$1K · 2026-02-20
    • Goodman Kelly F.SEE REMARKS · Common StockSold 2 269 @ $1,54$3K · 2026-02-20
    • Goodman Kelly F.SEE REMARKS · Common StockOther 137 500 · 2026-02-13
    • Suhadolnik Kate EileenChief Financial Officer · Common StockOther 137 500 · 2026-02-13
    • Goodman Kelly F.Interim CEO · Common StockOther 4 513 @ $2,40$11K · 2025-11-20
    • Suhadolnik Kate EileenInterim CFO · Common StockOther 1 299 @ $2,40$3K · 2025-11-20
    • Quarls HarryDirector · Common StockOther 13 513 · 2025-10-13
    • WELLMAN ALEXIDirector · Common StockOther 13 513 · 2025-10-13
    • NIGGLI MICHAEL RDirector · Common StockOther 13 513 · 2025-10-13
    • Garabedian RaffiDirector · Common StockOther 13 513 · 2025-10-13
    • Hossfeld RichDirector · Common StockOther 13 513 · 2025-10-13
    • Teamey KyleDirector · Common StockOther 13 513 · 2025-10-13
    • Nijhawan SandeepDirector · Common StockOther 13 513 · 2025-10-13
    • Suhadolnik Kate EileenInterim CFO · Common StockOther 1 232 @ $1,61$2K · 2025-08-20
    • Trivedi Jigish DhirajlalCOO · Common StockOther 275 000 · 2025-08-18

    Short positioning

    1.7Mshares short-1.0% vs prior
    2.65days to cover
    37.1%short of daily vol
    34.5Kfails-to-deliver
    as of 2026-07-15 · short-interest report (free)

    Geographic breakdown

    — missing data
    Listings · one canonical issuer all listings resolve to the canonical
    GWHCanonical
    NYSE · USD

    Intel & risk

    PredictorBeat prob45 %Surprise+0,00M&A prob5 %Full forecast →
    peak dispatch · —
    OSINT findings
    Dilution riskHigh
    Liquidity riskMedium
    Diluted share count is moderately above the basic share count.
    Current ratio is close to the minimum comfort range.
    Source documents mention dilution or offering risk.

    Evidence & claims

    From filings & derived data
    • R&D expense (YoY) (2025-12-31 vs 2024-12-31): -29.5%Derived (calculated)
    • Net income (YoY) (2025-12-31 vs 2024-12-31): -26.4%Derived (calculated)
    • Operating cash flow (YoY) (2025-12-31 vs 2024-12-31): 30.4%Derived (calculated)
    • Operating income (YoY) (2025-12-31 vs 2024-12-31): 36.1%Derived (calculated)
    • Gross profit (YoY) (2025-12-31 vs 2024-12-31): 39.0%Derived (calculated)
    • Cost of revenue (YoY) (2025-12-31 vs 2024-12-31): -43.4%Derived (calculated)
    • Total liabilities (YoY) (2025-12-31 vs 2024-12-31): -0.9%Derived (calculated)
    • Total assets (YoY) (2025-12-31 vs 2024-12-31): -28.7%Derived (calculated)
    • Shareholders' equity (YoY) (2025-12-31 vs 2024-12-31): -70.2%Derived (calculated)
    • Net margin (FY 2025-12-31): 4,007.6%Derived (calculated)
    • Gross margin (FY 2025-12-31): -1,748.1%Derived (calculated)
    • Return on equity (FY 2025-12-31): 736.1%Derived (calculated)
    • Return on assets (FY 2025-12-31): 124.0%Derived (calculated)
    • Current ratio (FY 2025-12-31): 1.04xDerived (calculated)
    • Debt-to-equity (FY 2025-12-31): 4.94xDerived (calculated)
    • Capex (YoY) (2025-12-31 vs 2024-12-31): -53.6%Derived (calculated)
    • Cash & equivalents (YoY) (2025-12-31 vs 2024-12-31): 8.5%Derived (calculated)
    • Revenue (YoY) (2025-12-31 vs 2024-12-31): -74.9%Derived (calculated)
    • EPS (basic) (YoY) (2025-12-31 vs 2024-12-31): 40.7%Derived (calculated)
    • EPS (diluted) (YoY) (2025-12-31 vs 2024-12-31): 40.7%Derived (calculated)
    • Revenue (annual): USD 1.58MSEC XBRL filing
    • EPS (basic) (annual): USD-PER-SHARES -4SEC XBRL filing
    • Cost of revenue (annual): USD 29.25MSEC XBRL filing
    • Total operating expenses (annual): USD 29.73MSEC XBRL filing
    Showing 24 of 60 surfaced claims.
    Atomic claims from regulatory filings and derived calculations. Provenance shown as source kind only.

    The Thread

    Everything we know, in order
    2026-10-28EVENTUpcomingQ3 2026 earnings (expected) estimated date
    2026-06-30 03:38 UTCEARNINGSUpcomingForecast: earnings_forecast (90d)
    2026-06-30 03:38 UTCEARNINGSUpcomingForecast: ma_probability (180d)
    2026-06-28 03:14 UTCHOLDERInstitutional holding changed
    2026-06-28 03:14 UTCHOLDER1 institutional position change flagged
    2026-06-18FILING8-K filing →
    2026-06-15FILING8-K filing →
    2026-06-04 00:00 UTCINSIDER1 insider transaction — 2026-06
    2026-06-04 00:00 UTCINSIDER1 insider transaction — 2026-06
    2026-06-04INSIDERBuckley Drew P bought 25.0k sh — Director, CEO ~$26k
    2026-05-29 00:00 UTCINSIDER9 insider transactions — 2026-05
    2026-05-29 00:00 UTCINSIDER9 insider transactions — 2026-05
    2026-05-29FILING8-K filing →
    2026-05-29INSIDERHossfeld Rich transacted 13.5k sh — Director
    2026-05-29INSIDERGarabedian Raffi transacted 13.5k sh — Director
    2026-05-29INSIDERQuarls Harry transacted 13.5k sh — Director
    2026-05-29INSIDERNijhawan Sandeep transacted 13.5k sh — Director
    2026-05-29INSIDERWELLMAN ALEXI transacted 13.5k sh — Director
    2026-05-22INSIDERGoodman Kelly F. sold 2.8k sh — SEE REMARKS ~$3k
    2026-05-22INSIDERSuhadolnik Kate Eileen sold 1.9k sh — Chief Financial Officer ~$2k
    2026-05-21INSIDERSuhadolnik Kate Eileen sold 1.7k sh — Chief Financial Officer ~$2k
    2026-05-21INSIDERGoodman Kelly F. sold 2.5k sh — SEE REMARKS ~$2k
    2026-05-07FILING10-Q filing →
    2026-05-07FILING8-K filing →
    2026-04-15FILINGDEF 14A filing →
    2026-04-15FILING8-K filing →
    2026-03-31EARNINGSQuarterly results — Q4 2025 Revenue USD 0.1M · Net USD -15.9M
    2026-03-05FILING10-K filing →
    2026-03-05FILING8-K filing →
    2026-02-20 00:00 UTCINSIDER6 insider transactions — 2026-02 2 derivative
    2026-02-20 00:00 UTCINSIDER6 insider transactions — 2026-02 2 derivative
    2026-02-20INSIDERSuhadolnik Kate Eileen sold 741 sh — Chief Financial Officer ~$1k
    2026-02-20INSIDERGoodman Kelly F. sold 2.3k sh — SEE REMARKS ~$3k
    2026-02-13INSIDERGoodman Kelly F. transacted 137.5k sh — SEE REMARKS
    2026-02-13INSIDERSuhadolnik Kate Eileen transacted 137.5k sh — Chief Financial Officer
    2026-02-13INSIDERGoodman Kelly F. acquired 137.5k sh Stock Option (right to buy) — SEE REMARKS
    2026-02-13INSIDERSuhadolnik Kate Eileen acquired 137.5k sh Stock Option (right to buy) — Chief Financial Officer
    2026-01-30FILING8-K filing →
    2026-01-30FILING424B5 filing →
    2026-01-29FILING8-K filing →
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