A company still losing money with growing sales, with high risk.
Going well
Sales up 30% in the latest quarter vs a year ago
Sales up 54% last year
No debt reported
Watch out for
About 7 months of cash left at its current burn
Losing money, losses are large next to sales
2 offering filings in 6 months (may sell new shares)
Money moves
Insiders sold $20K in the last 30 days
Institutions cut 2.8% from their holdings in the quarter ending June 2026 (82 bought, 59 sold)
Facts from SEC filings, not a recommendation.
What the price means
Price as of Oct 26
$20.51+7.1% that day
Company value
$1.1B
Share price times all shares
Price vs sales
8.8x
No profit over the last year, so this compares value with sales instead
Cash vs value
7%
Cash as a share of company value
From BBNX's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.
The business over time
Last 11 quarters, from SEC filings
Sales, Sep '26
$35.5M+30% vs a year earlier
Mar '24Tap a barSep '26
Last 12 months: $127.3M, up 44% from the 12 months before.
What the price assumes
Your guesses, our math
Move the sliders to your own view of BBNX. Starting points are the company's recent numbers (it isn't profitable yet, so the margin starts at a 10% guess).
Sales in 5 years$473M
Profit in 5 years$47M
Price these guesses point to$13.04-36% vs $20.51 todayAbout -8.7% a year, before dividends
What today's price needs: with a 10% margin and a 15x P/E, sales would have to grow about 42% a year for 5 years just to match today's price.
Simple math on your guesses, not a forecast or a price target. Real results depend on many things these sliders leave out.
The checklist Warren Buffett-style investors use. Annual numbers for 2025.
2/4Mixed
PassDebt under half of equityNot relying on borrowed money.No debt reported
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.-73.0%
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$56.2M
PassGross margin 40%+Pricing power: sells for well above what it costs to make.55.4%
Revenue
$100.3M
+53.9% vs prior year
Total debt
None
0.00x equity
Current ratio
8.66x
short-term assets / bills due
Free cash flow
-$56.2M
-56.1% of revenue
From annual reports filed with the SEC. Not in this company's SEC data, so not scored: return on equity 15%+, profitable every year, share count not growing. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Sep 30, 2026
Reported Oct 27After close4:04 pm ET
Revenue
$35.5M
+30.3% YoY
EPS
-$0.52
vs -$0.33
Op. margin
-74.9%
-12.4 pts
Gross margin
57.3%
+1.8 pts
Free cash flow
-$14.6M
Share count
+6.7%
vs a year ago
Insider rating
Last 90 days
47Mixed
1 insider sold $20K (not pre-planned)
50 is neutral. Buying by more insiders, top executives and bigger stakes raises it. Selling lowers it; pre-planned sales count less.
Weekly insider trend
13 weeks agoBoughtSoldThis week
Filing buzz
Last 7 days vs normal
0/ 100
This week
2
Normal week
2.7
vs normal
0.7x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
■Steady-2.8%
Institutions cut 2.8% from their holdings. 82 bought, 59 sold.
Shares held by institutions48.0M
Sep '24Jun '26
Safety check
From SEC filings
Cash runwayAt last year's cash burn
19 months
Debt to equityLatest balance sheet: debt compared with what owners have
No debt reported
Shares outstandingLatest reported
54M
Why elevated risk
Losing money, losses are large next to sales
About 19 months of cash left at its current burn
2 offering filings in 6 months (may sell new shares)
Earnings reports
Last 9
Next reportAround Jan 7, 2027 (est.)Estimated from the same quarter last year
Results filedOct 27
Results filedJul 29
Results filedApr 21
Results filedFeb 17
Results filedJan 8
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days