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Institutional distribution: ownership decreased -0.78% quarter-over-quarter.
Data as of Q1 2026
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Total shares institutions bought (green) vs sold (red) each quarter across all holders.
Inferred from quarter-over-quarter change in each fund's 13F position (new stakes count as buys, exits as sells). Not tick-level trades.
Top 3 institutional holders — bubble size is position value, color is the move since last quarter. Hover any holder for detail.
Drag any bubble to rearrange · size = dollar value of the position
Is the value real, and is the business safe? Academic scores + earnings quality + solvency, from SEC filings.
4/8 of the 9 checks — 1 couldn't be scored (see above), so the score is out of the 8 with data.
Safe > 2.99 · grey 1.81–2.99 · distress < 1.81 · book equity (no price)
Eight indices comparing this year to last (receivables, margins, asset quality, growth, accruals, leverage). Above −1.78 suggests possible manipulation; below −2.22 is clean.
A screen, not proof — high growth alone can raise it.
Cash-conversion data unavailable. Lower/negative accruals = higher quality (Sloan).
Interest coverage is thin — monitor.
F-Score (0–9 fundamental momentum), Altman Z (distress risk), and Beneish M (earnings-manipulation screen) are academic models computed from the SEC filings. Screens and context — educational, not recommendations.
What the company returns to shareholders — and whether it's covered by cash.
No dividend to cover. Last year: $0 dividends + $0 buybacks = $0 returned on $66M FCF.
Yields use the latest fiscal-year dividends/buybacks over current market cap. Dividends and buybacks from the SEC cash-flow statement; payout coverage vs net income and free cash flow. Educational — not a recommendation.
How management deployed cash over 7 years — and what it earned on reinvestment.
A reinvestment story — most cash went back into growth rather than to shareholders.
Modest payoff on reinvested capital. Current ROIC on all capital: -121%. Rough measure (includes maintenance capex).
Cash uses aggregated from the SEC cash-flow statement over 7 fiscal years. "Return on reinvestment" is a rough proxy — operating-income change ÷ cumulative CapEx + M&A — and includes maintenance capex. Educational — not a recommendation.
How much the company owes, how it's trended, and how comfortably it's serviced.
Insufficient EBITDA/debt history.
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Thin coverage — earnings barely cover interest.
Cash vs short-term debt unavailable.
Short-term / long-term split not separately reported.
Debt, cash, interest and equity from the SEC balance sheet & income statement. Effective rate = interest ÷ average debt. Educational — not a recommendation.
How a revenue dollar becomes profit — FY2025
Each value shows its share of revenue below it (common-size).
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Revenue | $567.8M 100.0% | $918.8M 100.0% | $1.31B 100.0% | $3.95B 100.0% | $2.07B 100.0% | $1.06B 100.0% | $1.08B 100.0% |
| Cost of Revenue | $525.8M 92.6% | $846.6M 92.1% | $1.24B 94.7% | $3.77B 95.4% | $1.86B 90.0% | $976.5M 91.8% | $1.00B 93.1% |
| Gross Profit | $42.0M 7.4% | $72.2M 7.9% | $70.2M 5.3% | $182.4M 4.6% | $207.8M 10.0% | $87.8M 8.2% | $74.4M 6.9% |
| Research & Development | $3.4M 0.6% | $4.5M 0.5% | $7.9M 0.6% | $12.1M 0.3% | $10.9M 0.5% | $7.3M 0.7% | $7.5M 0.7% |
| Selling, General & Admin | $26.2M 4.6% | $40.6M 4.4% | $50.1M 3.8% | $58.7M 1.5% | $30.3M 1.5% | $17.5M 1.6% | $15.1M 1.4% |
| Total Operating Expenses | $75.4M 13.3% | $118.2M 12.9% | $174.6M 13.3% | $309.7M 7.8% | $188.0M 9.1% | $101.5M 9.5% | $107.8M 10.0% |
| Operating Income | -$33.4M -5.9% | -$46.0M -5.0% | -$104.4M -7.9% | -$127.3M -3.2% | $19.8M 1.0% | -$13.8M -1.3% | -$33.4M -3.1% |
| Interest Expense | $13.4M 2.4% | $18.7M 2.0% | $18.9M 1.4% | $46.0M 1.2% | $15.8M 0.8% | $10.0M 0.9% | $18.3M 1.7% |
| Other Income (Expense), net | -$12.6M -2.2% | -$16.1M -1.8% | -$12.6M -1.0% | -$20.9M -0.5% | -$13.1M -0.6% | -$9.2M -0.9% | -$18.3M -1.7% |
| Pretax Income | -$45.9M -8.1% | -$62.1M -6.8% | -$117.1M -8.9% | -$148.3M -3.8% | $6.6M 0.3% | -$23.0M -2.2% | -$51.7M -4.8% |
| Income Tax Expense | $441K 0.1% | $31K 0.0% | $163K 0.0% | $359K 0.0% | $170K 0.0% | $163K 0.0% | $254K 0.0% |
| Net Income | -$46.4M -8.2% | -$62.2M -6.8% | -$117.2M -8.9% | -$148.6M -3.8% | $6.5M 0.3% | -$23.1M -2.2% | -$52.0M -4.8% |
| Per Share | |||||||
| EPS (Basic) | $-1.50 | $-2.27 | $-4.44 | $-9.09 | $0.82 | $-0.40 | $-0.90 |
| EPS (Diluted) | $-1.50 | $-2.27 | $-4.44 | $-9.09 | $0.68 | $-0.40 | $-0.90 |
| Weighted Avg Shares (Basic) | 31.0M | 27.4M | 26.4M | 16.3M | 7.9M | 57.9M | 57.8M |
| Weighted Avg Shares (Diluted) | 31.0M | 27.4M | 26.4M | 16.3M | 9.5M | 57.9M | 57.8M |
Source: SEC EDGAR XBRL filings (annual, fiscal year). Quarterly flow items are derived from cumulative filings; balance-sheet figures are as-of each period end. Ratios and margins are computed, not reported.
Ownership trend chart requires at least 2 quarters of data.
More quarterly data is being processed.
No current price collected.
No standout strengths flagged.
Is the profit real, and how strong is the balance sheet?
FY2025 · every deduction from revenue to net income
DuPont — the three levers
Watch the leverage lever — a chunk of ROE comes from the balance sheet.
What the company owes vs. what it holds
Year-by-year maturities aren't in SEC companyfacts (footnote-only), so this shows the debt/cash structure and net leverage instead.
Latest year: profit growth vs revenue growth
Low operating leverage — profit tracks sales closely (stable, less cyclical).
Each line as % of revenue — the trend in color
| % of revenue | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|
| Cost of Revenue | 93.1 | 91.8 | 90.0 | 95.4 | 94.7 | 92.1 | 92.6 |
| Gross Profit | 6.9 | 8.2 | 10.0 | 4.6 | 5.3 | 7.9 | 7.4 |
| R&D | 0.7 | 0.7 | 0.5 | 0.3 | 0.6 | 0.5 | 0.6 |
| SG&A | 1.4 | 1.6 | 1.5 | 1.5 | 3.8 | 4.4 | 4.6 |
| Operating Income | -3.1 | -1.3 | 1.0 | -3.2 | -7.9 | -5.0 | -5.9 |
| Income Tax | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 |
| Net Income | -4.8 | -2.2 | 0.3 | -3.8 | -8.9 | -6.8 | -8.2 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on OPADW: price, valuation, headline fundamentals, and an auto-generated scorecard from SEC filings. Flags are rule-based signals, not recommendations.