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Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Fundamentals TTM · reported
Market cap —
Enterprise value —
Revenue (TTM) —
Gross profit —
EBITDA —
Net income —
EPS (TTM) —
Free cash flow —
Total cash —
Total debt —
Book value / share —
Shares outstanding —
Float —
Short % of float —
Dividend yield —
Beta (5Y) —
Valuation & profitability ratios Account required
Trailing P/E —
Forward P/E —
PEG ratio —
Price / sales —
Price / book —
EV / revenue —
EV / EBITDA —
Gross margin —
Operating margin —
Profit margin —
Return on equity —
Return on assets —
Debt / equity —
Current ratio —
Free account required
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements As reported · 5 years · 5 quarters
Income Balance sheet Cash flow
Annual Quarterly
Blank means not reported, not zero
Line item 2025 2024 2023 2022 YoY
Total revenue
$3.48M $10.65M $0 $12.50M
-67.4%
Operating revenue
$3.48M $10.65M $0 $12.50M
-67.4%
Research & development
$29.36M $21.13M $27.23M $37.01M
+39.0%
Selling, general & admin
$16.20M $15.06M $15.80M $19.83M
+7.6%
Total operating expense
$45.57M $36.19M $43.03M $56.84M
+25.9%
Operating income
-$42.09M -$25.54M -$43.03M -$44.34M
-64.8%
Net interest income
$3.02M $1.69M $2.34M $781.00K
+78.4%
Pre-tax income
-$242.03M -$63.56M -$43.04M -$36.00M
-280.8%
Net income
-$242.03M -$63.56M -$43.04M -$36.00M
-280.8%
Net income to common
-$242.03M -$63.56M -$43.04M -$36.00M
-280.8%
EBIT
-$42.09M -$25.54M -$43.03M -$44.34M
-64.8%
EBITDA
-$41.55M -$24.10M -$41.12M -$42.38M
-72.4%
Line item 2025 2024 2023 2022 YoY
Cash & equivalents
$89.25M $34.56M $36.04M $24.69M
+158.2%
Cash & short-term investments
$89.25M $34.56M $36.04M $75.84M
+158.2%
Accounts receivable
$0 $2.04M $2.15M $1.98M
-100.0%
Total current assets
$91.56M $38.93M $41.13M $81.31M
+135.2%
Property, plant & equipment
$6.43M $8.36M $3.86M $6.90M
-23.1%
Total assets
$98.73M $48.47M $46.08M $89.44M
+103.7%
Total current liabilities
$9.93M $7.32M $7.15M $9.73M
+35.7%
Total debt
$6.64M $8.47M $3.38M $5.60M
-21.6%
Total liabilities
$286.49M $69.85M $8.14M $13.43M
+310.2%
Retained earnings
-$527.28M -$285.26M -$221.69M -$178.65M
-84.8%
Shareholder equity
-$187.76M -$21.38M $37.94M $76.00M
-778.2%
Working capital
$81.63M $31.62M $33.98M $71.57M
+158.2%
Net tangible assets
-$187.76M -$21.38M $37.94M $76.00M
-778.2%
Shares issued
9.77M 3.26M 2.06M 2.01M
+199.6%
Line item 2025 2024 2023 2022 2021 YoY
Net income
-$242.03M -$63.56M -$43.04M -$36.00M —
-280.8%
Depreciation & amortisation
$537.00K $1.44M $1.91M $1.96M —
-62.8%
Stock-based compensation
$3.83M $4.11M $4.37M $4.52M —
-6.8%
Change in working capital
$3.15M -$836.00K -$3.93M -$8.42M —
+477.2%
Operating cash flow
-$30.24M -$17.63M -$40.36M -$44.15M —
-71.6%
Capital expenditure
-$128.00K -$26.00K -$398.00K -$728.00K —
-392.3%
Investing cash flow
-$128.00K -$26.00K $51.72M $38.31M —
-392.3%
Share buybacks
— $0 -$4.00K -$2.61M $0
—
Financing cash flow
$85.05M $16.18M $276.00K -$2.56M —
+425.8%
Free cash flow
-$30.37M -$17.65M -$40.76M -$44.87M —
-72.0%
End cash position
$89.93M $35.25M $36.73M $25.09M —
+155.1%
Line item 2026-06-30 2026-03-31 2025-12-31 2025-09-30 2025-06-30 YoY
Total revenue
$5.00M $5.00M $528.00K $983.00K $983.00K
0.0%
Operating revenue
$5.00M $5.00M $528.00K $983.00K $983.00K
0.0%
Research & development
$8.48M $9.33M $8.99M $7.77M $6.04M
-9.0%
Selling, general & admin
$6.89M $6.13M $4.18M $4.09M $3.96M
+12.4%
Total operating expense
$15.37M $15.46M $13.17M $11.87M $10.00M
-0.6%
Operating income
-$10.37M -$10.46M -$12.64M -$10.88M -$9.02M
+0.8%
Net interest income
$938.00K $912.00K $788.00K $911.00K $1.02M
+2.9%
Pre-tax income
$50.18M -$127.50M -$183.16M -$71.64M $39.75M
+139.4%
Net income
$50.18M -$127.50M -$183.16M -$71.64M $39.75M
+139.4%
Net income to common
$32.04M -$127.50M -$183.16M -$71.64M $21.81M
+125.1%
EBIT
-$10.37M -$10.46M -$12.64M -$10.88M -$9.02M
+0.8%
EBITDA
-$10.32M -$10.39M -$12.59M -$10.82M -$8.88M
+0.7%
Line item 2026-06-30 2026-03-31 2025-12-31 2025-09-30 2025-06-30 YoY
Cash & equivalents
$102.04M $106.91M $89.25M $81.33M $90.39M
-4.6%
Cash & short-term investments
$102.04M $106.91M $89.25M $81.33M $90.39M
-4.6%
Accounts receivable
$5.00M $5.00M $0 $2.32M $2.32M
0.0%
Total current assets
$109.40M $113.95M $91.56M $85.86M $94.23M
-4.0%
Property, plant & equipment
$5.56M $6.04M $6.43M $6.59M $7.08M
-8.0%
Total assets
$115.61M $120.71M $98.73M $94.05M $102.70M
-4.2%
Total current liabilities
$9.01M $9.56M $9.93M $6.53M $5.74M
-5.8%
Total debt
$6.32M $6.78M $6.64M $7.08M $7.51M
-6.8%
Total liabilities
$334.27M $398.86M $286.49M $117.56M $55.58M
-16.2%
Retained earnings
-$604.61M -$654.79M -$527.28M -$344.13M -$272.48M
+7.7%
Shareholder equity
-$218.66M -$278.15M -$187.76M -$23.52M $47.11M
+21.4%
Working capital
$100.39M $104.38M $81.63M $79.33M $88.49M
-3.8%
Net tangible assets
-$218.66M -$278.15M -$187.76M -$23.52M $47.11M
+21.4%
Shares issued
11.49M 11.49M 9.77M 8.57M 8.57M
0.0%
Line item 2026-06-30 2026-03-31 2025-12-31 2025-09-30 2025-06-30 YoY
Net income
$50.18M -$127.50M -$183.16M -$71.64M $39.75M
+139.4%
Depreciation & amortisation
$51.00K $65.00K $45.00K $61.00K $137.00K
-21.5%
Stock-based compensation
$2.89M $2.10M $1.00M $1.00M $994.00K
+37.4%
Change in working capital
-$1.38M -$5.58M $4.36M -$355.00K $529.00K
+75.3%
Operating cash flow
-$7.42M -$12.49M -$5.81M -$9.04M -$6.11M
+40.7%
Capital expenditure
-$19.00K -$120.00K -$59.00K -$24.00K -$18.00K
+84.2%
Investing cash flow
-$19.00K -$120.00K -$59.00K -$24.00K -$18.00K
+84.2%
Financing cash flow
$2.51M $30.28M $13.78M $9.00K -$5.12M
-91.7%
Free cash flow
-$7.43M -$12.62M -$5.87M -$9.06M -$6.13M
+41.1%
End cash position
$102.67M $107.60M $89.93M $82.02M $91.08M
-4.6%
Analyst targets & ownership Account required
Mean target —
High target —
Low target —
Implied upside —
Analyst count —
Consensus —
Strong buy / Buy — / —
Hold —
Sell / Strong sell — / —
Held by insiders —
Held by institutions —
Institutions holding —
Free account required
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals Computed from 2Y daily closes
Realised vol 30D
—
Annualised
Options chain Account required
Expiry Loading… Spot 0.00
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%
Free account required
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile Daily returns · 1Y window
Realised vol 30D
—
Annualised
Market vol 1Y
—
SPY, annualised
Max drawdown 1Y
—
Peak to trough
Max drawdown 5Y
—
Peak to trough
ATR 14
—
Average true range
Beta (reported)
—
5Y monthly, from filing
Headlines SRZNW · links out to the publisher
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