— Know what they know.
Not Investment Advice

NPWR NYSE

NET Power Inc.
1W: -15.3% 1M: -22.0% 3M: -17.9% YTD: -45.0% 1Y: -54.8% 3Y: -91.0% 5Y: -86.0%
$1.39
-0.03 (-2.11%)
 
Weekly Expected Move ±7.5%
$1 $1 $1 $1 $2
NYSE · Industrials · Industrial - Machinery · Tech Score Sell · Power 32 · $122.9M mcap · 44M float · 1.78% daily turnover · Short 64% of daily vol

Edge Score

Quantitative competitive moat analysis scoring five pillars of durable advantage — cost leadership, brand intangibles, switching costs, network effects, and efficient scale — using industry percentile rankings on a 0–100 scale.

WEAK EDGE
48.0 / 100
NoneWeakNarrowWide
Primary source: Intangible Assets  ·  ROIC: 133.5%
Cost Advantage
42
Intangibles
62
Switching Cost
56
Network Effect
34
Scale
33
The Edge Score quantifies a company's competitive moat using five pillars: Cost Advantage (20%, operating margin and SG&A efficiency vs industry peers), Intangible Assets (25%, gross margin premium, R&D intensity, brand pricing power), Switching Costs (25%, revenue stability, earnings consistency, customer retention proxied by operating leverage), Network Effects (15%, revenue growth with expanding margins, market share dominance), and Efficient Scale (15%, market concentration, ROIC sustainability). Each pillar is scored 0–100 using industry percentile rankings, then weighted into a composite. Wide ≥ 70, Narrow ≥ 55, Weak ≥ 40, None < 40. NPWR shows a Weak competitive edge (48.0/100) — limited structural advantages that may face competitive pressure. The primary source of advantage is Intangible Assets. ROIC of 133.5% confirms the company is generating returns well above its cost of capital — a hallmark of durable competitive advantages.

Analyst Insights

Wall Street analyst consensus based on price targets and buy/sell/hold recommendations from institutional research coverage over the trailing 12 months.

Analyst Price Targets
$3
Low
$3
Avg Target
$3
High
Based on 1 analyst since Aug 13, 2026 earnings
Analyst Recommendations
Strong Buy: 0Buy: 1Hold: 1Sell: 0Strong Sell: 0
Rating Summary
ConsensusBuy
Avg Target$2.75
Analysts1
Price Target Change History
DateFirmAnalystOldNewChangeUpside @ CallStock@Call
2026-09-14 Northland Securities Jeff Gramp Initiated $3 — +44.0% $1.91
2025-03-12 Barclays Betty Jiang $11 $3 -8 -3.5% $3.11
2024-08-14 Barclays Betty Jiang Initiated $11 — +24.2% $8.86

Financial Rating

Composite financial health rating (A+ to F) based on discounted cash flow valuation, return on equity, return on assets, debt-to-equity leverage, and relative P/E and P/B multiples.

C+
Oct 02, 2026
DCF
5
ROE
1
ROA
1
D/E
2
P/E
1
P/B
3
The Financial Rating evaluates six fundamental factors — discounted cash flow (DCF) valuation, return on equity (ROE), return on assets (ROA), debt-to-equity leverage (D/E), and relative price-to-earnings (P/E) and price-to-book (P/B) multiples — each scored 1–5. NPWR receives an overall rating of C+. Strongest factors: DCF (5/5). Areas of concern: ROE (1/5), ROA (1/5), D/E (2/5), P/E (1/5).
Rating Change History
DateFromTo
2026-10-01 B- C+
2026-08-18 B B-
2026-08-03 B+ B
2026-07-27 B B+
2026-05-11 B- B
2026-04-27 C+ B-
2026-04-01 B C+
2026-03-30 B- B
2026-03-13 B B-
2026-03-10 B- B

InsiderStreet Scorecard

Proprietary multi-factor scorecard rating companies across seven fundamental dimensions — profitability, balance sheet strength, earnings quality, growth, value, momentum, and safety — each scored 0–100.

★ ★ ★ ★ ★ — Grade A+
Profitability
—
Balance Sheet
73
Earnings Quality
30
Growth
12
Value
31
Momentum
20
Safety
0
Cash Flow
—

Risk & Quality Signals

Academic financial models used by institutional investors to assess bankruptcy risk, earnings manipulation, financial strength, and credit quality.

Altman Z-Score
-16.03
Distress Zone
Piotroski F-Score
2/9
✗ ✗ ✗ ✓ ✗ ✓ ✗ ✗ ✗
Beneish M-Score
—
—
Ohlson O-Score
-0.85
Bankruptcy prob: 30.0%
Moderate
Credit Rating
BB-
Score: 39.0/100
Trend: Deteriorating
Earnings Quality
—
OCF/NI: 0.26x
Accruals: -36.2%
The Altman Z-Score (1968) combines five ratios — working capital, retained earnings, EBIT, market value of equity, and sales, all relative to total assets or liabilities — into a single bankruptcy predictor. NPWR scores -16.03, placing it in the Distress Zone (safe > 2.99, distress < 1.81). Historically, companies in this range face elevated bankruptcy risk. The Piotroski F-Score (2000) is a 9-point binary checklist — four profitability tests (positive ROA, positive cash flow, improving ROA, cash flow exceeding net income), three leverage tests (declining debt ratio, improving current ratio, no share dilution), and two efficiency tests (improving gross margin, improving asset turnover). Each pass scores 1 point. NPWR scores 2/9, suggesting weak financial fundamentals — the company fails the majority of these accounting tests. The Ohlson O-Score (1980) is a 9-variable logistic regression that estimates bankruptcy probability using firm size, leverage, working capital, current ratio, profitability (ROA), cash flow coverage, negative equity flag, consecutive losses flag, and earnings trajectory. The raw score is converted to a probability via logistic transformation. NPWR's implied 30.0% bankruptcy probability is elevated and warrants attention to the balance sheet. Our Credit Rating model scores companies on five weighted components — solvency (30%), earning power (25%), leverage (20%), liquidity (15%), and cash flow quality (10%) — then blends the absolute score with sector and industry peer rankings. For companies with large buyback programs, equity is adjusted by adding back cumulative 5-year repurchases (capped at 80% of FCF generated) to avoid penalizing shareholder-friendly capital allocation. NPWR receives an estimated rating of BB- (score: 39.0/100), with a deteriorating trend.

Valuation

Key valuation multiples comparing the stock's market price to its earnings, revenue, book value, and cash flows. Lower multiples may indicate relative undervaluation versus peers.

P/E
-0.21x
PEG
0.00x
P/S
0.00x
P/B
1.47x
P/FCF
-0.89x
P/OCF
—
EV/EBITDA
0.11x
EV/Revenue
—
EV/EBIT
0.11x
EV/FCF
0.95x
Earnings Yield
-353.02%
FCF Yield
-112.44%
Shareholder Yield
0.00%
Graham Number
—
Equity-based multiples (P/E, P/B, P/FCF) compare the stock price to per-share fundamentals and are affected by capital structure. Enterprise value multiples (EV/EBITDA, EV/Revenue, EV/FCF) strip out debt and cash, making them more useful for cross-company comparisons regardless of how companies are financed. The Graham Number — √(22.5 × EPS × Book Value) — is Benjamin Graham's formula for the maximum price a defensive investor should pay. NPWR currently has negative earnings — the P/E ratio is not meaningful.

DuPont Decomposition (5-Factor)

The 5-factor DuPont framework breaks Return on Equity into its component drivers — tax efficiency, interest burden, operating profitability, asset utilization, and financial leverage — to reveal what truly drives shareholder returns.

Tax Burden
0.359
NI / EBT
×
Interest Burden
1.000
EBT / EBIT
×
EBIT Margin
—
EBIT / Rev
×
Asset Turnover
0.000
Rev / Assets
×
Equity Multiplier
3.041
Assets / Equity
=
ROE
-149.0%
The 5-factor DuPont identity decomposes ROE as: Tax Burden × Interest Burden × EBIT Margin × Asset Turnover × Equity Multiplier = ROE. This reveals whether returns are driven by operating performance, financial leverage, or tax efficiency — three very different sources of profitability. NPWR's ROE of -149.0% is driven by A tax burden ratio of 0.36 suggests the company retains less than 60% of pre-tax earnings after taxes.

Graham-Dodd Adjusted Valuation

Our adaptation of Graham's growth formula (Fair P/E = 8.5 + 2g) from The Intelligent Investor. The classic version relies on analyst growth projections, which can be unreliable. This adjusted model substitutes the company's realized 3-year EPS CAGR — a backward-looking, verifiable measure of actual earnings power — grounding the valuation in demonstrated performance rather than forecasts.

Two adjustments we make, and why. Growth is capped at 15%. Graham defined g as expected growth over the next seven to ten years, not last year's rate. Across US companies since 1994 the median realized 7-year EPS growth is 5–8% regardless of how fast a company grew beforehand, and of 4,457 company-quarters that grew faster than 200%, none sustained it. Uncapped, the formula assigned fair multiples in the hundreds to companies that had never held that rate — and scored worse than simply reading the P/E. Capped, it carries real information. The verdict has three states, not two. Tested over 377,249 stock-months, this ratio only separates outcomes at its extremes: below 0.25 beat the universe by 1.3 points a year, above 3.0 lagged by 2.7, and everything in between sat inside a one-point band. Rather than call two-thirds of the market "undervalued" on a threshold of 1.0, we say Neutral where the model cannot tell — which is most of the time.

Adj. Growth Rate
0.00%
Fair P/E
8.50x
Intrinsic Value
—
Price/Value
—
Margin of Safety
—
Premium
—

Profitability Trends

Historical profitability ratios tracking how efficiently the company converts revenue into returns for shareholders over time.

Leverage & Solvency Trends

Debt and liquidity metrics showing the company's financial leverage and ability to meet short-term and long-term obligations.

Efficiency & Working Capital Trends

Operating efficiency metrics measuring how quickly the company converts inventory to sales, collects receivables, and manages its cash conversion cycle.

Growth Trends (YoY %)

Year-over-year growth rates for key financial metrics, showing the trajectory of revenue, earnings, and cash flow generation.

Earnings Stability

R-squared of linear regression measuring how predictably revenue, earnings, and margins follow a trend over the trailing 5 years. 1.0 = perfectly predictable; lower values indicate erratic or cyclical behavior.

Monte Carlo Price Simulation

Geometric Brownian Motion with 1,000 antithetic paths over 1 year, seeded from 1295 days of historical volatility. Percentile bands show the range of statistically plausible outcomes — this is a statistical model, not a forecast.

Current Price
$1.38
Median 1Y
$0.75
5th Pctile
$0.24
95th Pctile
$2.28
Ann. Volatility
68.8%
Analyst Target
$2.75
25th–75th percentile 5th–95th percentile Median path Historical Analyst target

Executive Compensation

C-suite compensation breakdown including salary, stock awards, options, and incentive pay. The CEO-to-employee pay ratio and Gini coefficient measure pay distribution fairness.

C-Suite Compensation

ExecutiveSalaryStockTotal
Brian Allen, Operating
esident and Chief Operating Officer
$106,250 $850,000 $1,698,738
Marc Horstman, Operating
rating Officer and President
$382,167 $929,558 $1,623,616
Akash Patel, Financial
ief Financial Officer
$105,000 $756,000 $1,600,355
Daniel Joseph Rice,
IV Chief Executive Officer
$— $— $43,234

CEO Pay Ratio

0:1
CEO-to-Employee Pay Ratio
CEO Total Comp: $43,234
Avg Employee Cost (SGA/emp): $838,093
Employees: 54

C-Suite Pay Equality (Gini)

CEO Compensation Mix

Workforce & Productivity

Workforce efficiency metrics measuring revenue, profit, and R&D spend per employee — key indicators of operational leverage and human capital productivity.

Employees
54
-20.6% YoY
Revenue / Employee
—
Profit / Employee
$-10,713,537
NI: $-578,531,000
SGA / Employee
$838,093
Avg labor cost proxy
R&D / Employee
$1,842,741
Innovation spend

Scaling Efficiency

All Ratios & Metrics

Complete fundamental data with up to 20 periods of history, sparkline trends, and current values across 13 categories and 130+ financial metrics.

Profitability
Metric Trend Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Current
ROE -1.8% -6.3% -9.4% -13.4% -12.6% -23.4% -25.3% -22.3% -54.2% -18.2% -19.8% -4.0% 1.8% -6.8% -24.2% -26.9% -1.3% -1.3% -1.1% -1.5% -1.49%
ROA -1.5% -5.5% -8.8% -12.7% -11.4% -20.3% -23.2% -6.1% -8.3% -6.1% -5.7% -1.0% 0.3% -2.1% -7.3% -8.7% -40.0% -40.0% -39.4% -49.0% -48.99%
ROIC -0.1% -3.4% -5.8% -9.0% -9.2% -51.2% -60.4% 67.2% 29.4% -1.2% -3.1% -84.0% -64.0% -94.8% -3.3% -2.4% 2.5% 4.2% 2.0% 1.3% 1.34%
ROCE -0.1% -3.9% -6.7% -10.7% -14.1% -71.8% -84.2% -3.8% -4.9% -5.4% -6.3% -6.2% -6.7% -10.1% -13.7% -16.9% -2.3% -2.5% -2.5% -4.5% -4.53%
Gross Margin — 91.7% 71.9% 25.5% 65.2% -2.7% -2.6% -1.4% — — — -2.8% 91.7% — — — — — — — —
Operating Margin — -23.8% -44.2% -66.0% -8.2% -2354.2% -340.8% -1052.0% — — — -188.5% -3937.1% — — — — — — — —
Net Margin — -24.8% -50.7% -66.2% -5.9% -2907.2% -341.3% -416.9% — — — -17.9% 68.2% — — — — — — — —
EBITDA Margin — -18.1% -29.4% -50.0% -63.3% -1786.5% -274.1% -393.4% — — — -174.9% -2252.9% — — — — — — — —
FCF Margin — -2.3% -6.7% -14.8% -14.5% -35.3% -55.1% -174.5% -510.5% -552.2% -824.5% -319.8% -268.7% -406.0% -476.5% -10901.0% — — — — —
OCF Margin — -2.3% -6.7% -14.8% -14.5% -35.1% -53.3% -165.1% -472.3% -482.8% -656.1% -206.8% -86.7% -126.6% -197.4% -5482.2% — — — — —
ROE 3Y Avg snapshot only -2.19%
ROE 5Y Avg snapshot only -1.38%
ROA 3Y Avg snapshot only -55.06%
ROIC Economic snapshot only -3.41%
Cash ROA snapshot only -40.36%
Valuation
Metric Trend Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Current
P/E Ratio -79.84 -22.49 -13.93 -0.82 -0.28 -10.11 -8.99 -10.01 -8.89 -9.32 -11.44 -29.76 67.50 -16.53 -1.29 -1.06 -0.40 -0.31 -0.28 -0.28 -0.213
P/S Ratio — 774.28 544.48 36.67 9.97 757.52 1090.43 2719.19 5753.60 4113.75 6551.07 2969.43 2061.97 3251.55 810.01 15993.04 — — — — 0.000
P/B Ratio 1.40 1.41 1.32 0.11 0.03 6.81 6.82 1.92 10.01 0.92 1.24 0.97 0.67 1.24 0.32 0.31 1.63 0.88 0.65 1.77 1.471
P/FCF -346.55 -330.41 -81.69 -2.49 -0.69 -21.46 -19.80 -15.58 -11.27 -7.45 -7.95 -9.28 -7.67 -8.01 -1.70 -1.47 -1.54 -1.17 -0.73 -0.89 -0.889
P/OCF — — — — — — — — — — — — — — — — — — — — —
EV/EBITDA 84.07 -86.97 -36.48 -1.55 -0.26 -11.85 -9.99 -2.76 -3.63 -0.72 -1.80 -1.11 0.37 -1.87 1.56 0.99 0.10 0.12 0.13 0.11 0.110
EV/Revenue — 782.25 541.56 34.52 8.19 749.96 1079.36 707.01 2188.71 486.48 1785.53 543.54 -161.86 1233.67 -1141.77 -17270.71 — — — — —
EV/EBIT -1621.56 -32.26 -18.06 -0.92 -0.19 -8.68 -7.65 -2.37 -3.24 -0.64 -1.45 -0.89 0.26 -1.34 1.15 0.70 0.09 0.11 0.13 0.11 0.108
EV/FCF -344.41 -333.81 -81.26 -2.34 -0.56 -21.24 -19.60 -4.05 -4.29 -0.88 -2.17 -1.70 0.60 -3.04 2.40 1.58 0.84 1.00 0.93 0.95 0.948
Earnings Yield -1.3% -4.4% -7.2% -1.2% -3.5% -9.9% -11.1% -10.0% -11.3% -10.7% -8.7% -3.4% 1.5% -6.1% -77.6% -94.3% -2.5% -3.2% -3.5% -3.5% -3.53%
FCF Yield -0.3% -0.3% -1.2% -40.2% -1.5% -4.7% -5.0% -6.4% -8.9% -13.4% -12.6% -10.8% -13.0% -12.5% -58.8% -68.2% -64.8% -85.7% -1.4% -1.1% -1.12%
PEG Ratio snapshot only 0.001
Price/Tangible Book snapshot only 1.776
Shareholder Yield snapshot only 0.00%
Leverage & Solvency
Metric Trend Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Current
Current Ratio 5.84 6.40 5.69 4.11 1.57 0.89 0.99 121.31 69.17 53.31 56.90 40.06 20.96 28.65 23.30 9.77 16.58 7.24 23.82 17.80 17.801
Quick Ratio 5.84 6.40 5.69 4.11 1.57 0.89 0.99 120.65 69.17 53.31 56.90 40.06 20.96 28.65 23.30 9.77 16.58 7.24 23.82 17.80 17.801
Debt/Equity 0.00 0.02 0.00 0.00 0.00 0.01 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.03 0.02 0.02 0.04 0.040
Net Debt/Equity -0.01 0.01 -0.01 -0.01 -0.01 -0.07 -0.07 -1.42 -6.20 -0.81 -0.90 -0.79 -0.72 -0.77 -0.77 -0.65 -2.51 -1.64 -1.48 -3.65 -3.652
Debt/Assets 0.00 0.02 0.00 0.00 0.00 0.01 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.01 0.01 0.01 0.010
Debt/EBITDA 0.03 -1.40 -0.00 -0.00 -0.00 -0.02 -0.02 -0.01 -0.00 -0.02 -0.02 -0.02 -0.03 -0.02 -0.02 -0.02 -0.00 -0.00 -0.00 -0.00 -0.002
Net Debt/EBITDA -0.52 -0.89 0.20 0.10 0.06 0.12 0.10 7.85 5.92 5.34 4.80 4.96 5.15 3.07 2.67 1.90 0.27 0.26 0.24 0.21 0.213
Interest Coverage — — — -1160.90 -1535.66 -1563.19 -921.82 -3195.60 -4076.07 -4400.17 — — — — — — — — — — —
Equity Multiplier 1.14 1.14 1.08 1.06 1.06 1.21 1.18 5.54 23.95 3.15 3.71 3.23 3.04 3.50 2.89 2.90 4.38 2.94 2.64 4.05 4.050
Cash Ratio snapshot only 17.543
Cash to Debt snapshot only 93.332
FCF to Debt snapshot only -50.245
Defensive Interval snapshot only 320.7 days
Efficiency & Turnover
Metric Trend Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Current
Asset Turnover 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.000
Inventory Turnover — — — — — — — 0.31 — — — 1.08 — — — — — — — — —
Receivables Turnover — 69.97 98.12 124.25 283.92 3.22 11.41 0.30 0.12 0.85 0.57 0.22 0.10 0.13 0.09 0.01 0.00 0.00 0.00 0.00 0.000
Payables Turnover 0.00 0.32 21.05 62.25 9.80 0.80 1.19 1.03 0.91 1.97 0.79 1.26 0.61 12.16 15.19 31.36 25.45 19.96 73.83 38.40 38.399
DSO — 5 4 3 1 113 32 1209 2935 428 637 1633 3841 2730 4017 26356 — — — — —
DIO — 0 0 0 0 0 0 1175 0 0 0 339 0 0 0 0 0 0 0 0 0.0 days
DPO — 1138 17 6 37 455 306 355 403 185 461 291 597 30 24 12 14 18 5 10 9.5 days
Cash Conversion Cycle — -1133 -14 -3 -36 -341 -274 2029 2532 242 176 1681 3244 2700 3993 26344 — — — — —
Fixed Asset Turnover snapshot only 0.000
Cash Velocity snapshot only 0.000
Growth (YoY)
Metric Trend Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Current
Revenue — — — — — 3.9% -48.1% -67.4% -84.0% -69.8% -69.1% -26.1% 38.1% 42.9% 1.0% -95.0% -1.0% -1.0% -1.0% -1.0% -1.00%
Net Income — — — — -6.4% -1.3% -60.9% -97.4% -1.9% -78.0% -45.8% 72.8% 1.1% 36.3% -1.2% -6.6% -78.7% -10.8% -2.0% -1.9% -1.88%
EPS — — — — -279.2% -1.3% -60.9% 89.1% 95.1% -7.7% 12.5% 74.6% 1.1% 40.9% -1.0% -6.1% -74.4% -10.5% -1.7% -1.5% -1.53%
FCF — — — — -12.3% -14.7% -3.3% -2.9% -4.6% -3.7% -3.6% -35.5% 27.3% -5.0% -15.6% -71.9% -1.3% -51.7% -54.1% -26.9% -26.91%
EBITDA — — — — -8.1% -6.3% -2.8% -2.8% -2.0% -2.2% -1.8% -41.1% 0.9% -38.3% -47.4% -80.3% -11.3% -6.9% -6.1% -5.8% -5.82%
Op. Income — — — — -144.2% -1.9% -96.7% -3.4% -4.3% -4.8% -4.4% 0.7% 14.9% 20.4% -1.5% -3.1% -2.9% -2.8% 58.7% 43.5% 43.50%
OCF Growth snapshot only -1.08%
Asset Growth snapshot only -81.09%
Equity Growth snapshot only -86.44%
Debt Growth snapshot only -21.95%
Shares Change snapshot only 13.78%
Growth (CAGR)
Metric Trend Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Current
Revenue 3Y — — — — — — — — — — — — — -23.4% -31.6% -77.0% — — — — —
Revenue 5Y — — — — — — — — — — — — — — — — — — — — —
EPS 3Y — — — — — — — — — — — — — — — — — — — — —
EPS 5Y — — — — — — — — — — — — — — — — — — — — —
Net Income 3Y — — — — — — — — — — — — — — — — — — — — —
Net Income 5Y — — — — — — — — — — — — — — — — — — — — —
EBITDA 3Y — — — — — — — — — — — — — — — — — — — — —
EBITDA 5Y — — — — — — — — — — — — — — — — — — — — —
Gross Profit 3Y — — — — — — — — — — — — — — — — — — — — —
Gross Profit 5Y — — — — — — — — — — — — — — — — — — — — —
Op. Income 3Y — — — — — — — — — — — — — — — — — — — — —
Op. Income 5Y — — — — — — — — — — — — — — — — — — — — —
FCF 3Y — — — — — — — — — — — — — — — — — — — — —
FCF 5Y — — — — — — — — — — — — — — — — — — — — —
OCF 3Y — — — — — — — — — — — — — — — — — — — — —
OCF 5Y — — — — — — — — — — — — — — — — — — — — —
Assets 3Y — — — — — — — — — — — — 88.5% 87.4% 74.2% 72.6% 21.7% 97.3% 92.5% -48.8% -48.80%
Assets 5Y — — — — — — — — — — — — — — — — — — — — —
Equity 3Y — — — — — — — — — — — — 36.1% 28.9% 25.4% 23.2% -24.1% 46.8% 46.9% -43.2% -43.18%
Book Value 3Y — — — — — — — — — — — — 13.9% 6.3% 3.3% -55.3% -81.4% 20.1% 17.0% -48.1% -48.11%
Dividend 3Y — — — — — — — — — — — — — — — — — — — — —
Growth Quality
Metric Trend Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Current
Revenue Stability — — — — — — — — 0.02 0.71 0.99 0.83 0.00 0.68 0.72 0.86 0.72 0.78 0.66 0.90 0.903
Earnings Stability — — — — — — — — 0.95 0.99 1.00 0.10 0.01 0.45 0.86 0.41 0.50 0.56 0.73 0.66 0.655
Margin Stability — — — — — — — — — 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.000
Rev. Growth Consistency 0.00 0.00 0.00 0.00 0.50 0.50 0.00 0.00 0.00 0.00 0.00 0.00 0.50 0.50 0.50 0.00 0.00 0.00 0.00 0.00 0.000
Earn. Growth Consistency 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.50 0.50 0.50 0.00 0.00 0.00 0.00 0.00 0.00 0.000
FCF Positive Streak 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Earnings Persistence — — — — — — — — 0.50 0.50 0.82 0.50 0.20 0.85 0.50 0.50 0.20 0.50 0.50 0.50 0.500
Earnings Smoothness — — — — — — — — — — — — — — — — — — — — —
ROE Trend — — — — — — — — -1.06 0.27 0.32 0.13 0.63 0.31 0.19 -0.18 -3.57 -2.75 -2.11 -6.08 -6.077
Gross Margin Trend — — — — — — — — — -6.43 -10.02 -7.07 -4.19 -86.62 -101.11 -3952.95 — — — — —
FCF Margin Trend — — — — — — — — — -533.37 -793.61 -225.19 -6.22 -112.26 -36.78 -10653.83 — — — — —
Sustainable Growth Rate — — — — — — — — — — — — 1.8% — — — — — — — —
Internal Growth Rate — — — — — — — — — — — — 0.3% — — — — — — — —
Cash Flow Quality
Metric Trend Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Current
OCF/Net Income 0.23 0.07 0.17 0.33 0.41 0.47 0.44 0.61 0.73 1.09 1.15 2.07 -2.84 0.64 0.31 0.36 0.18 0.21 0.32 0.26 0.262
FCF/OCF 1.00 1.00 1.00 1.00 1.00 1.01 1.03 1.06 1.08 1.14 1.26 1.55 3.10 3.21 2.41 1.99 1.43 1.27 1.21 1.22 1.216
FCF/Net Income snapshot only 0.319
CapEx/Revenue — 0.0% 0.0% 0.0% 0.0% 19.9% 1.8% 9.4% 38.2% 69.4% 168.4% 113.0% 182.0% 279.4% 279.1% 5418.8% — — — — —
CapEx/Depreciation snapshot only 1.313
Accruals Ratio -0.01 -0.05 -0.07 -0.09 -0.07 -0.11 -0.13 -0.02 -0.02 0.01 0.01 0.01 0.01 -0.01 -0.05 -0.06 -0.33 -0.32 -0.27 -0.36 -0.362
Sloan Accruals snapshot only -0.088
Cash Flow Adequacy snapshot only -4.635
Dividends & Buybacks
Metric Trend Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Current
Dividend Yield 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.00%
Dividend/Share $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Payout Ratio — — — — — — — — — — — — 0.0% — — — — — — — —
FCF Payout Ratio — — — — — — — — — — — — — — — — — — — — —
Total Payout Ratio — — — — — — — — — — — — 0.0% — — — — — — — —
Div. Increase Streak — — — — — — — — — — — — — — — — — — — — —
Chowder Number — — — — — — — — — — — — — — — — — — — — —
Buyback Yield 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 25.0% 42.1% 60.8% 53.5% 31.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.00%
Net Buyback Yield -4.3% -4.3% -4.3% -1.3% -2.6% -6.7% -8.0% -38.3% -63.1% -16.2% -13.5% 31.0% -1.0% -0.0% -0.0% -0.0% -0.1% 0.0% -0.1% -0.2% -0.23%
Total Shareholder Return -4.3% -4.3% -4.3% -1.3% -2.6% -6.7% -8.0% -38.3% -63.1% -16.2% -13.5% 31.0% -1.0% -0.0% -0.0% -0.0% -0.1% 0.0% -0.1% -0.2% -0.23%
DuPont Factors
Metric Trend Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Current
Tax Burden (NI/EBT) 0.96 0.99 0.99 1.00 1.00 1.00 1.00 0.53 0.46 0.43 0.34 0.23 -0.36 0.28 0.31 0.32 0.35 0.34 0.35 0.36 0.359
Interest Burden (EBT/EBIT) 21.25 1.44 1.31 1.20 0.81 0.87 0.86 1.71 2.08 1.38 1.37 0.69 0.14 0.76 2.02 1.92 1.22 1.22 0.99 1.00 1.000
EBIT Margin — -24.25 -29.98 -37.56 -43.49 -86.39 -141.12 -297.73 -675.59 -754.31 -1229.99 -614.09 -618.92 -917.23 -996.72 -24573.42 — — — — —
Asset Turnover 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.000
Equity Multiplier 1.14 1.14 1.08 1.06 1.10 1.15 1.09 3.66 6.57 3.00 3.48 4.11 5.54 3.31 3.30 3.08 3.26 3.37 2.83 3.04 3.041
Per Share
Metric Trend Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Current
EPS (Diluted TTM) $-0.12 $-0.44 $-0.71 $-11.92 $-34.77 $-1.01 $-1.14 $-1.30 $-1.70 $-1.08 $-1.00 $-0.33 $0.10 $-0.64 $-2.04 $-2.33 $-7.62 $-7.34 $-5.49 $-5.90 $-5.90
Book Value/Share $7.06 $7.11 $7.50 $88.63 $287.32 $1.49 $1.50 $6.76 $1.51 $11.01 $9.18 $10.16 $10.44 $8.54 $8.28 $7.93 $1.85 $2.59 $2.40 $0.94 $0.94
Tangible Book/Share $7.06 $7.10 $7.50 $88.63 $287.08 $1.49 $1.50 $-19.59 $-23.84 $-13.27 $-14.67 $-12.57 $-11.56 $-12.32 $-7.63 $-7.62 $-0.52 $0.28 $0.31 $0.94 $0.94
Revenue/Share $0.00 $0.01 $0.02 $0.27 $0.99 $0.01 $0.01 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
FCF/Share $-0.03 $-0.03 $-0.12 $-3.93 $-14.34 $-0.47 $-0.52 $-0.83 $-1.34 $-1.36 $-1.43 $-1.06 $-0.91 $-1.32 $-1.55 $-1.68 $-1.95 $-1.95 $-2.15 $-1.88 $-1.88
OCF/Share $-0.03 $-0.03 $-0.12 $-3.93 $-14.34 $-0.47 $-0.50 $-0.79 $-1.24 $-1.19 $-1.14 $-0.68 $-0.29 $-0.41 $-0.64 $-0.85 $-1.36 $-1.53 $-1.77 $-1.54 $-1.54
Cash/Share $0.07 $0.06 $0.05 $0.57 $1.76 $0.12 $0.12 $9.63 $9.36 $8.94 $8.31 $8.06 $7.60 $6.61 $6.37 $5.19 $4.69 $4.29 $3.61 $3.49 $3.49
EBITDA/Share $0.12 $-0.12 $-0.27 $-5.92 $-31.47 $-0.85 $-1.01 $-1.23 $-1.58 $-1.67 $-1.72 $-1.62 $-1.47 $-2.14 $-2.37 $-2.70 $-17.06 $-16.59 $-15.15 $-16.19 $-16.19
Debt/Share $0.00 $0.16 $0.00 $0.00 $0.00 $0.02 $0.02 $0.01 $0.00 $0.03 $0.03 $0.03 $0.04 $0.04 $0.04 $0.05 $0.05 $0.05 $0.04 $0.04 $0.04
Net Debt/Share $-0.06 $0.10 $-0.05 $-0.57 $-1.76 $-0.10 $-0.10 $-9.62 $-9.36 $-8.91 $-8.29 $-8.03 $-7.56 $-6.57 $-6.34 $-5.14 $-4.64 $-4.24 $-3.57 $-3.45 $-3.45
Academic Models
Metric Trend Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Current
Altman Z-Score — — — — — — — — — — — — — — — — — — — — -16.031
Altman Z-Prime snapshot only -30.100
Piotroski F-Score 2 2 2 2 4 4 2 3 3 3 3 1 3 3 2 1 1 1 2 2 2
Beneish M-Score — — — — — 3756.09 23.44 402.95 — — — -2.43 — — — — — — — — —
Ohlson O-Score snapshot only -0.847
ROIC (Greenblatt) snapshot only -4.56%
Net-Net WC snapshot only $0.66
Credit
Metric Trend Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Current
Credit Rating snapshot only BB-
Credit Score 69.80 69.65 89.00 37.23 29.78 49.65 49.53 52.93 48.32 52.95 63.88 67.23 63.75 66.92 58.76 47.99 39.14 39.14 39.13 39.03 39.029
Credit Grade snapshot only 13
Credit Trend snapshot only -8.957
Implied Spread (bps) snapshot only 550.000
Industry Credit Rank snapshot only 20
Sector Credit Rank snapshot only 28

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