A company still losing money with shrinking sales, with elevated risk.
Going well
No debt reported
Watch out for
About 12 months of cash left at its current burn
Losing money, losses are large next to sales
Revenue down 90.6% from the year before
Money moves
Insiders sold $3.5M in the last 30 days
Institutions cut 1.1% from their holdings in the quarter ending June 2026 (228 bought, 189 sold)
Held by Cathie Wood (ARK Invest)
Facts from SEC filings, not a recommendation.
What the price means
Price as of Oct 26
$49.01-0.8% that day
Company value
$4.7B
Share price times all shares
Cash vs value
6%
Cash as a share of company value
From CRSP'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 12 quarters, from SEC filings
Profit, Jun '26
-$91.2M
Sep '23Tap a barJun '26
Last 12 months: -$451.1M.
What the price assumes
Your guesses, our math
Move the sliders to your own view of CRSP. 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$13M
Profit in 5 years$1M
Price these guesses point to$0.16-100% vs $49.01 todayAbout -68% a year, before dividends
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.
1/6Weak
MissReturn on equity 15%+Earns a lot on the money owners have in the business.-30.2%
PassDebt under half of equityNot relying on borrowed money.0.00x equity
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.Losses many times its sales
MissProfitable every yearSteady profits, not one good year.2 of 10 years
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$345.9M
MissShare count not growingNot diluting owners. Falling means buybacks.+15.7% in 3 years
Revenue
$3.5M
-90.6% vs prior year
5-year growth
+37.3%/yr
revenue, per year
Total debt
None
0.00x equity
Current ratio
13.32x
short-term assets / bills due
From annual reports filed with the SEC. Not in this company's SEC data, so not scored: gross margin 40%+. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Jun 30, 2026
Reported Aug 3
EPS
-$0.94
vs -$2.40
Free cash flow
-$84.1M
Share count
+10.8%
vs a year ago
Insider rating
Last 90 days
24Selling
2 insiders sold $2.6M (not pre-planned)
Pre-planned sales of $840K (weaker signal)
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
59/ 100
This week
2
Normal week
1.4
vs normal
1.4x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
■Steady-1.1%
Institutions cut 1.1% from their holdings. 228 bought, 189 sold. 2 quarters of net selling in a row.
Shares held by institutions76.3M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+6.8%
Cash runwayAt last year's cash burn
10 months
Debt to equityLatest balance sheet: debt compared with what owners have
0.3x · $586.2M debt
Shares outstandingLatest reported
97M
Why elevated risk
Losing money, losses are large next to sales
About 10 months of cash left at its current burn
Share count growing 6.8% a year
Revenue down 90.6% from the year before
Earnings reports
Last 12
Next reportAround Nov 9 (est.)Estimated from the same quarter last year
Results filedAug 3
Results filedMay 4
Results filedFeb 12
Results filedNov 10, 2025
Results filedAug 4, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days