A company still losing money with steady sales, with high risk.
Watch out for
About 5 months of cash left at its current burn
Losing money, losses are large next to sales
Share count growing 9.9% a year
Money moves
No insider buying or selling in the last 30 days
Facts from SEC filings, not a recommendation.
What the price means
Price as of Oct 26
$3.29-4.9% that day
Company value
$940M
Share price times all shares
Price vs sales
0.74x
No profit over the last year, so this compares value with sales instead
Cash vs value
17%
Cash as a share of company value
Debt vs value
870%
Owes more than the whole company is worth
From NFE'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
Sales, Jun '26
$312.5M+2.8% vs a year earlier
Sep '23Tap a barJun '26
Last 12 months: $1.3B, down 37% from the 12 months before. Over 5 years, sales grew about 27% a year.
What the price assumes
Your guesses, our math
Move the sliders to your own view of NFE. 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$748M
Profit in 5 years$75M
Price these guesses point to$2.44-26% vs $3.29 todayAbout -5.8% a year, before dividends
What today's price needs: with a 10% margin and a 15x P/E, sales could shrink about 4.5% a year for 5 years and still 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.
0/6Weak
MissReturn on equity 15%+Earns a lot on the money owners have in the business.-177.8%
MissDebt under half of equityNot relying on borrowed money.44.78x equity
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.-121.8%
MissProfitable every yearSteady profits, not one good year.3 of 9 years
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$1.2B
MissShare count not growingNot diluting owners. Falling means buybacks.+32.7% in 3 years
Revenue
$1.5B
-36.2% vs prior year
5-year growth
+27.2%/yr
revenue, per year
Total debt
$8.2B
44.78x equity
Current ratio
0.15x
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 Sep 8, 2025
Revenue
$312.5M
+2.8% YoY
EPS
-$1.30
vs -$1.99
Op. margin
-47.6%
+80.1 pts
Gross margin
32.7%
+1.2 pts
Free cash flow
-$199.6M
Share count
+4.1%
vs a year ago
Insider rating
Last 90 days
No open-market insider buys or sells in the last 90 days.
Weekly insider trend
No trades to chart yet.
Filing buzz
Last 7 days vs normal
0/ 100
This week
0
Normal week
1.9
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+11.7%
Cash runwayAt last year's cash burn
3 months
Debt to equityLatest balance sheet: debt compared with what owners have
Owes more than it owns
Shares outstandingLatest reported
286M
Why high risk
Losing money, losses are large next to sales
About 3 months of cash left at its current burn
Share count growing 11.7% a year (dilution)
Owes more than it owns (negative equity)
Bills due within a year exceed short-term assets
Revenue down 36.2% from the year before
1 offering filing in 6 months (may sell new shares)
Late quarterly report notice
Exchange listing notice (a delisting warning or a move to another exchange)
Past financials no longer reliable
Late annual report notice
Earnings reports
Last 12
Next reportDue any dayEstimated from the same quarter last year
Results filedSep 8, 2025
Results filedJun 18, 2025
Results filedMay 14, 2025
Results filedMar 3, 2025
Results filedJan 28, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days