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 -$17M.
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 -$17M.
Why this surfaced
Free cash flow = operating cash flow minus capital expenditures; positive is supporting evidence, not a valuation conclusion. Period end 2025-12-31.
- 3 filing risk checks flagged
Flagged areas: Earnings quality, Solvency & liquidity, Dilution.
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
- Earnings quality
- 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- Reportable Segment-$16.5M100.0%+41.2% yoy
Members sum to the consolidated -$16.5M for this period.
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 4,122 US-listed filers · 797 in Materials| Metric | Value | vs all filers | vs sector |
|---|---|---|---|
Return on equity net income ÷ stockholders' equity (positive equity only) | -12.0% | 32ndof 3,577 bottom third | 66thof 701 middle third |
Cash-flow accrual ratio (net income − operating cash flow) ÷ average total assets · lower is ranked higher | 4.6% | 8thof 3,577 bottom third | 12thof 673 bottom third |
Balance-sheet accrual ratio change in net operating assets ÷ average net operating assets · lower is ranked higher | -56.2% | 90thof 3,059 top third | 81stof 593 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 · 16 changed periods| Line item | Period | First reported | Latest filing | Change | Filings |
|---|---|---|---|---|---|
| Net income NetIncomeLoss | quarter 2022-03-31 | -$263K 10-Q 2022-05-12 | -$1.43M 10-Q 2023-05-16 | -441.3% | first · latest · 5 filings carry it |
| Operating income OperatingIncomeLoss | quarter 2022-03-31 | -$280K 10-Q 2022-05-12 | -$1.43M 10-Q 2023-05-16 | -409.2% | first · latest · 3 filings carry it |
| Net income NetIncomeLoss | quarter 2022-06-30 | -$244K 10-Q 2022-08-26 | $678K 10-Q 2023-08-14 | +378.1% | first · latest · 3 filings carry it |
| Cash CashAndCashEquivalentsAtCarryingValue | balance at 2022-12-31 | $128K 10-K 2023-03-31 | $463K 10-K 2024-03-28 | +262.2% | first · latest · 5 filings carry it |
| Operating income OperatingIncomeLoss | quarter 2022-06-30 | -$443K 10-Q 2022-08-26 | $678K 10-Q 2023-08-14 | +253.1% | first · latest |
| Operating income OperatingIncomeLoss | quarter 2022-09-30 | -$3.01M 10-Q 2022-11-21 | $4.35M 10-Q 2023-11-13 | +244.3% | first · latest |
| Net income NetIncomeLoss | fiscal year 2022-12-31 | -$3.7M 10-K 2023-03-31 | $2.72M 10-K 2024-03-28 | +173.5% | first · latest |
| Operating cash flow NetCashProvidedByUsedInOperatingActivities | fiscal year 2022-12-31 | -$1.22M 10-K 2023-03-31 | -$3.28M 10-K 2024-03-28 | -168.2% | first · latest |
| Operating income OperatingIncomeLoss | fiscal year 2022-12-31 | -$5.72M 10-K 2023-03-31 | $2.72M 10-K 2024-03-28 | +147.6% | first · latest |
| Operating cash flow NetCashProvidedByUsedInOperatingActivities | quarter 2022-03-31 | -$350K 10-Q 2022-05-12 | -$776K 10-Q 2023-05-16 | -122.0% | first · latest · 3 filings carry it |
| Total assets Assets | balance at 2022-12-31 | $178M 10-K 2023-03-31 | $6.36M 10-K 2024-03-28 | -96.4% | first · latest · 5 filings carry it |
| Net income NetIncomeLoss | quarter 2023-03-31 | -$3.12M 10-Q 2023-05-16 | -$574K 10-Q 2024-05-14 | +81.6% | first · latest |
| Net income NetIncomeLoss | quarter 2023-06-30 | -$2.55M 10-Q 2023-08-14 | -$749K 10-Q 2024-08-13 | +70.6% | first · latest |
| Total liabilities Liabilities | balance at 2022-12-31 | $11.7M 10-K 2023-03-31 | $5.25M 10-K 2024-03-28 | -55.2% | first · latest · 5 filings carry it |
| Total liabilities Liabilities | balance at 2022-03-31 | $6.16M 10-Q 2022-05-12 | $6.83M 10-Q/A 2022-08-26 | +10.9% | first · latest |
| Operating income OperatingIncomeLoss | quarter 2023-03-31 | -$3.12M 10-Q 2023-05-16 | -$3.05M 10-Q 2024-05-14 | +2.2% | 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 VGAS 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.