Financial Analysis
Filing-based analysis. Market pricing is not included. Fundamentals from SEC filings; economic data from FRED and the BLS. About our data
Filing evidence summary
Mixed evidenceCoverage 3/5 core metricsOperating margin changed -799.8 percentage points from the prior annual period.
Backward-looking filed evidence under visible rules - not a rating, forecast or investment advice. Missing data is never scored.
Evidence signals
- Operating margin compressed
Operating margin changed -799.8 percentage points from the prior annual period.
Why this surfaced
Direction threshold: more than +1 percentage point constructive; below -1 point caution. Period end 2025-12-31.
- 2 filing risk checks flagged
Flagged areas: Solvency & liquidity, Dilution.
Why this surfaced
The full financial analysis shows each value, threshold, and sector limitation.
- Revenue expanded
Latest reported annual revenue changed +158.8% from the prior reported annual observation.
Why this surfaced
Direction threshold: above +2% constructive; below -2% caution; otherwise monitor. This is not labeled one-year growth when filing periods have a gap. Period end 2025-12-31.
Core trend metrics
Hover a tile for its exact definition; the Statements tab carries per-cell filing citations.
Where to look next
Risk checks
- Solvency & liquidity
- Dilution
Financial movement
- Cash→ flat
- Long-term debt→ flat
- Inventory→ flat
- Receivables→ flat
- Current assets→ flat
Source & freshness
- Source
- SEC EDGAR XBRL
- Fetched
- 2026-09-06
- Latest period end
- 2025-12-31
- Filings
- EDGAR ↗
Reported segment mix
figures as filed · share of the filed sum · change vs the prior period in the same filing- United States$183M98.9%+309.6% yoy
- Canada$2.02M1.1%-92.5% yoy
Members sum to the consolidated $185M for this period.
- United States$62.1M100.0%+502.2% yoy
Change is against the same quarter a year earlier, as reported in the same 10-Q.
Source: SEC DERA Financial Statement and Notes data sets. Dimensional XBRL facts on the business-segment, product/service and geographic axes; the engine keeps the accession of every figure. Descriptive and educational, not advice.
Peer percentiles
latest fiscal year ending 2025-12-31 · among 4,003 US-listed filers · 822 in Financials| Metric | Value | vs all filers | vs sector |
|---|---|---|---|
Revenue latest fiscal-year revenue as filed | $185M | 33rdof 3,301 bottom third | 40thof 540 middle third |
Revenue growth latest fiscal-year revenue vs the prior fiscal year | 158.8% | 96thof 3,137 top third | 96thof 517 top third |
Operating margin operating income ÷ revenue | -123.1% | 15thof 2,819 bottom third | 15thof 233 bottom third |
Net margin net income ÷ revenue | -82.7% | 16thof 3,263 bottom third | 13thof 533 bottom third |
Return on equity net income ÷ stockholders' equity (positive equity only) | -23.0% | 27thof 3,576 bottom third | 9thof 772 bottom third |
Stock comp ÷ revenue stock-based compensation ÷ revenue · lower is ranked higher | 1.2% | 64thof 2,895 middle third | 79thof 421 top third |
Cash-flow accrual ratio (net income − operating cash flow) ÷ average total assets · lower is ranked higher | -6.3% | 63rdof 2,278 middle third | 86thof 497 top third |
Each filer's latest fiscal year as stored by the nightly crawl; fiscal year ends differ across the universe. A metric ranks only filers for which it is computable from filed facts. Ties split; a rank reads "better than N% of filers" in the metric's own direction. Descriptive and educational, not a rating.
Earnings quality
latest fiscal year ending 2025-12-31 · accruals and cash conversion as filedPer fiscal year from filed facts: cash conversion = operating cash flow / net income (net income > 0); cash-flow accrual ratio = (net income - operating cash flow) / average total assets; balance-sheet accrual ratio = change in net operating assets / average net operating assets, NOA = (assets - cash) - (liabilities - debt). Descriptive; a missing input yields a missing ratio. High accrual ratios and cash conversion well below one are the measures the accruals literature associates with less persistent earnings; they are screens to read the cash-flow statement with, not conclusions. The per-year series is part of Pro risk analysis.
Point-in-time ledger
first-reported vs latest filing · periods since 2020-01-01 · 109 changed periods, 30 largest shown| Line item | Period | First reported | Latest filing | Change | Filings |
|---|---|---|---|---|---|
| Diluted shares WeightedAverageNumberOfDilutedSharesOutstanding | fiscal year 2023-12-31 | 371,020 shares 10-K 2024-04-01 | 891,762,280 shares 10-K 2026-03-27 | +240254.2% | first · latest · 3 filings carry it |
| Basic shares WeightedAverageNumberOfSharesOutstandingBasic | fiscal year 2023-12-31 | 371,020 shares 10-K 2024-04-01 | 891,762,280 shares 10-K 2026-03-27 | +240254.2% | first · latest · 3 filings carry it |
| Depreciation and amortization DepreciationAndAmortization | fiscal year 2023-12-31 | $27.2K 10-K 2024-04-01 | $14.4M 10-K 2026-03-27 | +52884.4% | first · latest · 3 filings carry it |
| Stockholders' equity StockholdersEquity | balance at 2024-12-31 | -$7.01M 10-K 2025-03-31 | $1.02B 10-Q 2026-08-03 | +14580.3% | first · latest · 7 filings carry it |
| Total assets Assets | balance at 2024-12-31 | $7.63M 10-K 2025-03-31 | $1.11B 10-K 2026-03-27 | +14396.8% | first · latest · 5 filings carry it |
| Stockholders' equity StockholdersEquity | balance at 2024-03-31 | -$12.4M 10-Q 2024-05-14 | $697M 10-Q 2025-11-14 | +5714.8% | first · latest · 6 filings carry it |
| Stockholders' equity StockholdersEquity | balance at 2023-12-31 | -$9.01M 10-K 2024-04-01 | $474M 10-K 2026-03-27 | +5357.7% | first · latest · 9 filings carry it |
| Stockholders' equity StockholdersEquity | balance at 2024-06-30 | -$14M 10-Q 2024-08-14 | $614M 10-Q 2025-11-14 | +4490.6% | first · latest · 4 filings carry it |
| Stockholders' equity StockholdersEquity | balance at 2024-09-30 | -$18.9M 10-Q 2024-11-13 | $698M 10-Q 2025-11-14 | +3797.9% | first · latest |
| Stockholders' equity StockholdersEquity | balance at 2025-06-30 | -$11M 10-Q 2025-08-14 | $340M 10-Q 2026-08-03 | +3190.9% | first · latest · 3 filings carry it |
| Operating income OperatingIncomeLoss | fiscal year 2024-12-31 | -$17.7M 10-K 2025-03-31 | $484M 10-K 2026-03-27 | +2827.8% | first · latest |
| Operating income OperatingIncomeLoss | quarter 2025-03-31 | -$5.47M 10-Q 2025-05-15 | -$135M 10-Q 2026-05-06 | -2368.9% | first · latest |
| Depreciation and amortization DepreciationAndAmortization | quarter 2023-09-30 | $177K 10-Q 2023-11-14 | $4.07M 10-Q 2024-11-13 | +2201.4% | first · latest |
| Stock-based compensation ShareBasedCompensation | fiscal year 2023-12-31 | $404K 10-K 2024-04-01 | $9.11M 10-K 2026-03-27 | +2157.0% | first · latest · 3 filings carry it |
| Net income NetIncomeLoss | fiscal year 2024-12-31 | -$21.3M 10-K 2025-03-31 | $429M 10-K 2026-03-27 | +2113.8% | first · latest |
| Revenue Revenues | quarter 2025-06-30 | $1.38M 10-Q 2025-08-14 | $30.3M 10-Q 2026-08-03 | +2099.3% | first · latest |
| Diluted shares WeightedAverageNumberOfDilutedSharesOutstanding | quarter 2024-09-30 | 40,611,068 shares 10-Q 2024-11-13 | 891,762,280 shares 10-Q 2025-11-14 | +2095.9% | first · latest |
| Basic shares WeightedAverageNumberOfSharesOutstandingBasic | quarter 2024-09-30 | 40,611,068 shares 10-Q 2024-11-13 | 891,762,280 shares 10-Q 2025-11-14 | +2095.9% | first · latest |
| Net income NetIncomeLoss | quarter 2024-03-31 | -$11.7M 10-Q 2024-05-14 | $230M 10-Q 2025-11-14 | +2061.9% | first · latest · 6 filings carry it |
| Diluted shares WeightedAverageNumberOfDilutedSharesOutstanding | fiscal year 2024-12-31 | 41,911,711 shares 10-K 2025-03-31 | 891,762,280 shares 10-K 2026-03-27 | +2027.7% | first · latest |
| Basic shares WeightedAverageNumberOfSharesOutstandingBasic | fiscal year 2024-12-31 | 41,911,711 shares 10-K 2025-03-31 | 891,762,280 shares 10-K 2026-03-27 | +2027.7% | first · latest |
| Depreciation and amortization DepreciationAndAmortization | quarter 2025-06-30 | $515K 10-Q 2025-08-14 | $9.95M 10-Q 2026-08-03 | +1832.2% | first · latest |
| Stockholders' equity StockholdersEquity | balance at 2025-03-31 | -$7.66M 10-Q 2025-05-15 | $116M 10-Q 2026-08-03 | +1610.8% | first · latest · 5 filings carry it |
| Net income NetIncomeLoss | quarter 2025-03-31 | -$6.28M 10-Q 2025-05-15 | -$101M 10-Q 2026-08-03 | -1502.3% | first · latest · 6 filings carry it |
| Operating cash flow NetCashProvidedByUsedInOperatingActivities | fiscal year 2024-12-31 | -$3.4M 10-K 2025-03-31 | -$54M 10-K 2026-03-27 | -1491.1% | first · latest |
| Net income NetIncomeLoss | quarter 2024-06-30 | -$4.01M 10-Q 2024-08-14 | -$61.1M 10-Q 2025-11-14 | -1423.1% | first · latest · 4 filings carry it |
| Operating cash flow NetCashProvidedByUsedInOperatingActivities | quarter 2025-03-31 | -$3.22M 10-Q 2025-05-15 | -$44.7M 10-Q 2026-05-06 | -1287.2% | first · latest |
| Total assets Assets | balance at 2023-12-31 | $1.36M 10-K 2024-04-01 | $18.8M 10-K 2025-03-31 | +1286.8% | first · latest · 5 filings carry it |
| Depreciation and amortization DepreciationAndAmortization | quarter 2023-06-30 | $278K 10-Q 2023-08-14 | $3.86M 10-Q 2024-08-14 | +1285.5% | first · latest |
| Depreciation and amortization DepreciationAndAmortization | quarter 2023-03-31 | $292K 10-Q 2023-05-15 | $3.98M 10-Q 2024-05-14 | +1264.3% | first · latest |
First filing reporting each period vs the latest filing carrying it (10-K and 10-Q only, periods since 2020, the extractor's winning tag per concept); a change under 0.5% is treated as rounding. A change can be a restatement, a reclassification or a re-tagging in a later comparative column; the two filings are linked so the reader can see which. Descriptive, not a verdict.
Notes by disclosure type
Not available for ABTC yet: no footnote text blocks on file for this filer in the ingested DERA files.
Fundamentals from SEC EDGAR. Scores, the DCF, and every model shown are educational analysis, not investment advice or price predictions.