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 metricsDebt/equity is shown as not meaningful rather than as a negative leverage ratio.
Backward-looking filed evidence under visible rules - not a rating, forecast or investment advice. Missing data is never scored.
Evidence signals
- Shareholders' equity was non-positive
Debt/equity is shown as not meaningful rather than as a negative leverage ratio.
Why this surfaced
Same-period reported shareholders' equity was zero or negative; review the balance sheet and capital structure. 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 was broadly stable
Latest reported annual revenue changed -1.3% 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.
- Operating margin improved
Operating margin changed +12.8 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.
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- Reportable Segment$58.8M100.0%-1.3% yoy
Members sum to the consolidated $58.8M for this period.
- Power And Capacity$22.1M37.5%+107.5% yoy
- Datacenter Hosting$21.5M36.6%-28.0% yoy
- Cryptocurrency Mining$15.2M25.9%-20.1% yoy
Members sum to the consolidated $58.8M for this period.
- Reportable Segment$20.8M100.0%+8.3% 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 4,122 US-listed filers · 907 in Financials| Metric | Value | vs all filers | vs sector |
|---|---|---|---|
Revenue latest fiscal-year revenue as filed | $59M | 23rdof 3,301 bottom third | 29thof 541 bottom third |
Revenue growth latest fiscal-year revenue vs the prior fiscal year | -1.3% | 26thof 3,135 bottom third | 21stof 518 bottom third |
Operating margin operating income ÷ revenue | -6.5% | 34thof 2,819 middle third | 29thof 234 bottom third |
Net margin net income ÷ revenue | 9.0% | 69thof 3,263 top third | 41stof 534 middle third |
Stock comp ÷ revenue stock-based compensation ÷ revenue · lower is ranked higher | 1.3% | 61stof 2,895 middle third | 76thof 422 top third |
Days sales outstanding receivables ÷ revenue × 365 · lower is ranked higher | 12 days | 88thof 2,398 top third | 78thof 104 top third |
Cash conversion operating cash flow ÷ net income (net income > 0) | -2.8× | 1stof 2,183 bottom third | 2ndof 673 bottom third |
Cash-flow accrual ratio (net income − operating cash flow) ÷ average total assets · lower is ranked higher | 34.3% | 1stof 3,577 bottom third | 0thof 804 bottom third |
Balance-sheet accrual ratio change in net operating assets ÷ average net operating assets · lower is ranked higher | 277.4% | 2ndof 3,059 bottom third | 2ndof 734 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 · 20 changed periods| Line item | Period | First reported | Latest filing | Change | Filings |
|---|---|---|---|---|---|
| Diluted shares WeightedAverageNumberOfDilutedSharesOutstanding | fiscal year 2021-12-31 | 31,995 shares 10-K 2022-03-31 | 36,635,000 shares 10-K 2023-03-31 | +114402.3% | first · latest |
| Diluted shares WeightedAverageNumberOfDilutedSharesOutstanding | quarter 2021-09-30 | 30,116 shares 10-Q 2021-11-15 | 30,116,000 shares 10-Q 2022-11-14 | +99900.0% | first · latest |
| Diluted shares WeightedAverageNumberOfDilutedSharesOutstanding | quarter 2022-03-31 | 41,058 shares 10-Q 2022-05-16 | 41,058,000 shares 10-Q 2023-05-15 | +99900.0% | first · latest |
| Basic shares WeightedAverageNumberOfSharesOutstandingBasic | quarter 2021-09-30 | 30,116 shares 10-Q 2021-11-15 | 30,116,000 shares 10-Q 2022-11-14 | +99900.0% | first · latest |
| Basic shares WeightedAverageNumberOfSharesOutstandingBasic | fiscal year 2021-12-31 | 31,995 shares 10-K 2022-03-31 | 31,995,000 shares 10-K 2023-03-31 | +99900.0% | first · latest |
| Basic shares WeightedAverageNumberOfSharesOutstandingBasic | quarter 2022-03-31 | 41,058 shares 10-Q 2022-05-16 | 41,058,000 shares 10-Q 2023-05-15 | +99900.0% | first · latest |
| Diluted shares WeightedAverageNumberOfDilutedSharesOutstanding | quarter 2022-06-30 | 41,555 shares 10-Q 2022-08-15 | 4,156,000 shares 10-Q 2023-08-14 | +9901.2% | first · latest |
| Basic shares WeightedAverageNumberOfSharesOutstandingBasic | quarter 2022-06-30 | 41,555 shares 10-Q 2022-08-15 | 4,156,000 shares 10-Q 2023-08-14 | +9901.2% | first · latest |
| Operating income OperatingIncomeLoss | fiscal year 2021-12-31 | -$37.1M 10-K 2022-03-31 | $32.8M 10-K 2023-03-31 | +188.3% | first · latest |
| Receivables AccountsReceivableNetCurrent | balance at 2021-12-31 | $5.52M 10-K 2022-03-31 | $237K 10-K 2023-03-31 | -95.7% | first · latest · 5 filings carry it |
| Operating income OperatingIncomeLoss | quarter 2022-03-31 | $2.52M 10-Q 2022-05-16 | $1.21M 10-Q 2023-05-15 | -51.9% | first · latest |
| Operating income OperatingIncomeLoss | quarter 2022-09-30 | -$17.1M 10-Q 2022-11-14 | -$18.6M 10-Q 2023-11-14 | -9.1% | first · latest |
| Depreciation and amortization DepreciationAndAmortization | quarter 2022-03-31 | $3.98M 10-Q 2022-05-16 | $3.65M 10-Q 2023-05-15 | -8.2% | first · latest |
| Operating income OperatingIncomeLoss | quarter 2024-03-31 | -$1.88M 10-Q 2024-05-15 | -$1.72M 10-Q 2025-05-15 | +8.2% | first · latest |
| Depreciation and amortization DepreciationAndAmortization | fiscal year 2021-12-31 | $8.86M 10-K 2022-03-31 | $8.47M 10-K 2023-03-31 | -4.3% | first · latest |
| Total liabilities Liabilities | balance at 2020-12-31 | $21M 10-Q 2021-09-23 | $20.2M 10-K 2022-03-31 | -3.8% | first · latest · 3 filings carry it |
| Operating income OperatingIncomeLoss | quarter 2024-06-30 | -$3.7M 10-Q 2024-08-14 | -$3.76M 10-Q 2025-08-13 | -1.7% | first · latest |
| Total assets Assets | balance at 2020-12-31 | $65.4M 10-Q 2021-09-23 | $64.6M 10-K 2022-03-31 | -1.2% | first · latest · 3 filings carry it |
| Operating income OperatingIncomeLoss | quarter 2024-09-30 | -$4.61M 10-Q 2024-11-07 | -$4.65M 10-Q 2025-11-13 | -0.9% | first · latest |
| Operating income OperatingIncomeLoss | quarter 2022-06-30 | -$86.1M 10-Q 2022-08-15 | -$86.7M 10-Q 2023-08-14 | -0.7% | first · latest |
6 share-count periods re-presented for a stock split (1-for-10) 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. 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 VIP 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.