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
Caution evidenceCoverage 2/5 core metricsLatest reported free cash flow was -$6M.
Backward-looking filed evidence under visible rules - not a rating, forecast or investment advice. Missing data is never scored.
Evidence signals
- Free cash flow was negative
Latest reported free cash flow was -$6M.
Why this surfaced
Free cash flow = operating cash flow minus capital expenditures; positive is supporting evidence, not a valuation conclusion. Period end 2023-12-31.
- 3 filing risk checks flagged
Flagged areas: Solvency & liquidity.
Why this surfaced
The full financial analysis shows each value, threshold, and sector limitation.
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
Financial movement
- Cash→ flat
- Long-term debt→ flat
- Inventory→ flat
- Receivables→ flat
- Current assets→ flat
Source & freshness
- Source
- SEC EDGAR XBRL
- Fetched
- 2026-10-03
- Latest period end
- 2025-12-31
- Filings
- EDGAR ↗
Reported segment mix
Not available for SHPH: no dimensional revenue or operating-income facts for this filer in the ingested DERA files (segment, product/service, geography axes). Missing is not zero - a filer that reports one segment simply has no split to show.
Peer percentiles
latest fiscal year ending 2025-12-31 · among 4,079 US-listed filers · 791 in Materials| Metric | Value | vs all filers | vs sector |
|---|---|---|---|
Return on equity net income ÷ stockholders' equity (positive equity only) | -519.9% | 2ndof 3,532 bottom third | 4thof 694 bottom third |
Cash-flow accrual ratio (net income − operating cash flow) ÷ average total assets · lower is ranked higher | -34.5% | 94thof 3,866 top third | 90thof 754 top third |
Balance-sheet accrual ratio change in net operating assets ÷ average net operating assets · lower is ranked higher | 882.8% | 1stof 3,313 bottom third | 1stof 662 bottom 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 · 7 changed periods| Line item | Period | First reported | Latest filing | Change | Filings |
|---|---|---|---|---|---|
| Diluted shares WeightedAverageNumberOfDilutedSharesOutstanding | fiscal year 2022-12-31 | 10,351,046 shares 10-K 2024-03-21 | 1,337,742 shares 10-K/A 2024-09-04 | -87.1% | first · latest |
| Basic shares WeightedAverageNumberOfSharesOutstandingBasic | fiscal year 2022-12-31 | 10,351,046 shares 10-K 2023-03-15 | 1,337,742 shares 10-K/A 2024-09-04 | -87.1% | first · latest · 3 filings carry it |
| Net income NetIncomeLoss | fiscal year 2022-12-31 | -$3.03M 10-K 2023-03-15 | -$5M 10-K/A 2024-09-04 | -65.0% | first · latest · 3 filings carry it |
| Stock-based compensation ShareBasedCompensation | fiscal year 2022-12-31 | $404K 10-K 2023-03-15 | $238K 10-K/A 2024-09-04 | -41.2% | first · latest · 3 filings carry it |
| Stockholders' equity StockholdersEquity | balance at 2021-12-31 | -$1.63M 10-Q 2022-11-14 | -$1.76M 10-K/A 2024-09-04 | -8.4% | first · latest · 7 filings carry it |
| Operating income OperatingIncomeLoss | fiscal year 2022-12-31 | -$2.55M 10-K 2023-03-15 | -$2.34M 10-K/A 2024-09-04 | +8.2% | first · latest · 3 filings carry it |
| Operating cash flow NetCashProvidedByUsedInOperatingActivities | fiscal year 2022-12-31 | -$2.71M 10-K 2023-03-15 | -$2.67M 10-K/A 2024-09-04 | +1.6% | first · latest · 3 filings carry it |
19 share-count periods re-presented for a stock split (1-for-10, 1-for-25) are listed apart from restatements and not counted above.
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; share counts re-presented by an integer split ratio are listed as split adjustments, not restatements. 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 SHPH 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.