BFRGW
Price
Unusual options activity
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
5 more panels on BFRGW open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Fundamentals
Valuation & profitability ratios
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Total revenue | $116.67K | $0 | $65.00K | $10.00K | — |
| Operating revenue | $116.67K | $0 | $65.00K | $10.00K | — |
| Cost of revenue | $94.78K | $0 | $5.20K | $800 | — |
| Gross profit | $21.89K | $0 | $59.80K | $9.20K | — |
| Research & development | $1.80M | $2.22M | $1.43M | $609.27K | -19.0% |
| Selling, general & admin | $4.82M | $5.01M | $3.99M | $1.86M | -3.9% |
| Total operating expense | $6.62M | $7.24M | $5.43M | $2.47M | -8.6% |
| Operating income | -$6.59M | -$7.24M | -$5.37M | -$2.46M | +8.9% |
| Net interest income | $96.57K | $242.74K | $104.61K | -$346.69K | -60.2% |
| Pre-tax income | -$6.50M | -$6.99M | -$5.36M | -$2.80M | +7.1% |
| Net income | -$6.50M | -$6.99M | -$5.36M | -$2.80M | +7.1% |
| Net income to common | -$6.50M | -$7.04M | -$5.36M | -$2.80M | +7.7% |
| EBIT | -$6.49M | -$6.98M | -$5.28M | -$2.46M | +6.9% |
| EBITDA | -$6.49M | -$6.97M | -$5.28M | -$2.45M | +6.9% |
| Line item | 2025 | 2024 | 2023 | 2022 | 2021 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $2.18M | $5.44M | $2.62M | $57.67K | — | -59.8% |
| Cash & short-term investments | $2.18M | $5.44M | $2.62M | $57.67K | — | -59.8% |
| Total current assets | $2.58M | $5.55M | $2.77M | $72.67K | — | -53.4% |
| Property, plant & equipment | $2.52K | $4.25K | $5.97K | $7.70K | — | -40.6% |
| Total assets | $2.81M | $5.55M | $2.78M | $80.37K | — | -49.4% |
| Total current liabilities | $672.02K | $588.09K | $184.35K | $3.14M | — | +14.3% |
| Current debt | — | — | — | $1.58M | $586.30K | — |
| Total debt | — | — | — | $1.58M | $586.30K | — |
| Total liabilities | $672.02K | $588.09K | $184.35K | $3.14M | — | +14.3% |
| Retained earnings | -$23.29M | -$16.79M | -$9.75M | -$4.40M | — | -38.7% |
| Shareholder equity | $2.14M | $4.96M | $2.59M | -$3.06M | — | -57.0% |
| Working capital | $1.91M | $4.96M | $2.59M | -$3.07M | — | -61.4% |
| Net tangible assets | $2.14M | $4.96M | $2.59M | -$3.06M | — | -57.0% |
| Shares issued | 11.42M | 9.11M | 6.09M | 5.67M | — | +25.3% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Net income | -$6.50M | -$6.99M | -$5.36M | -$2.80M | +7.1% |
| Depreciation & amortisation | $1.73K | $1.72K | $1.73K | $1.04K | +0.1% |
| Stock-based compensation | $1.01M | $943.65K | $631.53K | $340.15K | +7.1% |
| Change in working capital | $80.12K | $438.02K | -$1.44M | $1.14M | -81.7% |
| Operating cash flow | -$5.52M | -$5.61M | -$6.00M | -$910.89K | +1.6% |
| Capital expenditure | — | — | — | -$8.74K | — |
| Investing cash flow | $0 | $0 | $0 | -$8.74K | — |
| Financing cash flow | $2.37M | $8.42M | $8.57M | $967.29K | -71.8% |
| Free cash flow | -$5.52M | -$5.61M | -$6.00M | -$919.63K | +1.6% |
| End cash position | $2.29M | $5.44M | $2.62M | $57.67K | -57.9% |
| Line item | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|
| Total revenue | $0 | $0 | $83.41K | $33.26K | $0 | — |
| Operating revenue | $0 | $0 | $83.41K | $33.26K | $0 | — |
| Cost of revenue | $0 | $0 | $68.04K | $26.73K | $0 | — |
| Gross profit | $0 | $0 | $15.37K | $6.52K | $0 | — |
| Research & development | $434.82K | $397.19K | $345.99K | $480.30K | $576.26K | +9.5% |
| Selling, general & admin | $1.18M | $1.10M | $1.24M | $995.90K | $1.48M | +7.1% |
| Total operating expense | $1.61M | $1.50M | $1.59M | $1.48M | $2.06M | +7.7% |
| Operating income | -$1.61M | -$1.50M | -$1.57M | -$1.47M | -$2.06M | -7.7% |
| Net interest income | $15.41K | $18.49K | $18.07K | $20.94K | $39.07K | -16.7% |
| Pre-tax income | -$1.59M | -$1.48M | -$1.55M | -$1.45M | -$2.02M | -7.6% |
| Net income | -$1.59M | -$1.48M | -$1.55M | -$1.45M | -$2.02M | -7.6% |
| Net income to common | -$1.59M | -$1.48M | -$1.55M | -$1.45M | -$2.02M | -7.6% |
| EBIT | -$1.59M | -$1.48M | -$1.55M | -$1.45M | -$2.02M | -7.6% |
| EBITDA | -$1.59M | -$1.48M | -$1.55M | -$1.45M | -$2.02M | -7.6% |
| Line item | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $5.08M | $2.18M | $1.99M | $2.47M | $3.80M | +132.7% |
| Cash & short-term investments | $5.08M | $2.18M | $1.99M | $2.47M | $3.80M | +132.7% |
| Accounts receivable | — | — | $58.34K | — | — | — |
| Total current assets | $5.32M | $2.58M | $2.54M | $2.70M | $4.08M | +105.7% |
| Property, plant & equipment | $2.09K | $2.52K | $2.96K | $3.39K | $3.82K | -17.1% |
| Total assets | $5.54M | $2.81M | $2.70M | $2.87M | $4.09M | +97.2% |
| Total current liabilities | $652.07K | $672.02K | $758.70K | $681.08K | $839.40K | -3.0% |
| Current debt | $133.89K | — | $55.61K | $110.29K | $164.07K | — |
| Total debt | $133.89K | — | $55.61K | $110.29K | $164.07K | — |
| Total liabilities | $652.07K | $672.02K | $758.70K | $681.08K | $839.40K | -3.0% |
| Retained earnings | -$24.88M | -$23.29M | -$21.81M | -$20.26M | -$18.81M | -6.8% |
| Shareholder equity | $4.89M | $2.14M | $1.94M | $2.19M | $3.25M | +128.7% |
| Working capital | $4.66M | $1.91M | $1.78M | $2.02M | $3.24M | +143.9% |
| Net tangible assets | $4.89M | $2.14M | $1.94M | $2.19M | $3.25M | +128.7% |
| Shares issued | 18.45M | 11.42M | 10.42M | 9.63M | 9.42M | +61.6% |
| Line item | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|
| Net income | -$1.59M | -$1.48M | -$1.55M | -$1.45M | -$2.02M | -7.6% |
| Depreciation & amortisation | $431 | $431 | $431 | $432 | $431 | 0.0% |
| Stock-based compensation | $126.66K | $154.21K | $378.23K | $177.91K | $300.29K | -17.9% |
| Change in working capital | -$228.01K | $257.21K | $65.78K | -$161.58K | -$81.29K | -188.6% |
| Operating cash flow | -$1.69M | -$1.18M | -$1.11M | -$1.43M | -$1.80M | -43.0% |
| Investing cash flow | $0 | $0 | $0 | $0 | $0 | — |
| Financing cash flow | $4.59M | $1.38M | $624.25K | $208.68K | $164.07K | +233.2% |
| Free cash flow | -$1.69M | -$1.18M | -$1.11M | -$1.43M | -$1.80M | -43.0% |
| End cash position | $5.19M | $2.29M | $2.10M | $2.58M | $3.80M | +126.6% |
Options analytics
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Earnings
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | — | — | $215.00K | — |
| Next quarter | — | — | $350.00K | — |
| Current year | — | — | $780.00K | — |
| Next year | — | — | $5.25M | +573.1% |
Analyst targets & ownership
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Headlines
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