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No institutional (13F) filings cover this company, so the Overview and 13F tabs are thin. Everything drawn from its SEC filings is here.
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Ranked against 16 sector peers with collected financials. Valuation from latest close × latest fiscal-year fundamentals; 13F conviction as of 2026-09-30.
Percentile is “goodness” within the peer set (100 = best). For valuation and leverage that means cheaper / less-levered ranks higher.
| Company | Mkt cap ▼ | P/E | EV/EBITDA | P/S | Rev gr | Gross | Net | ROE | ROIC | Net D/EBITDA | 13F |
|---|---|---|---|---|---|---|---|---|---|---|---|
| PBYI | $544M | 17.3× | 14.8× | 2.4× | -0.9% | 74.5% | 13.6% | 23.9% | 17.7% | 0.4× | 31 |
| AMRN | $536M | — | — | 2.5× | -6.5% | 56.6% | -18.2% | -8.4% | -8.4% | — | 9 |
| SVA | $465M | — | — | 1.2× | 6.8% | 67.9% | -51.5% | -4.5% | -4.0% | — | 2 |
| VREOF | $413M | — | 20.7× | 1.5× | 170% | 47.3% | -25.3% | -22.2% | -22.2% | -6.8× | — |
| EBS | $370M | 7.8× | 3.8× | 0.5× | -28.8% | 56.1% | 7.1% | 10.1% | 4.8% | 1.9× | 29 |
| QTTB | $264M | 3.7× | 12.5× | 4.9× | — | — | 55.5% | 71.0% | 71.0% | -2.8× | 3 |
| ELTP | $248M | 7.7× | 4.3× | 1.7× | 77.1% | 50.4% | 30.1% | 45.4% | 45.4% | -0.6× | — |
| SIGA | $228M | 9.9× | 3.0× | 2.4× | -31.8% | 68.6% | 24.6% | 11.7% | 11.7% | -6.4× | 25 |
| PYXS | $226M | — | — | 16.3× | -14.2% | 82.8% | -575% | -149% | -149% | — | 10 |
| NATR | $216M | 11.6× | 3.2× | 0.5× | 5.7% | 72.4% | 4.1% | 12.1% | 12.1% | -2.4× | 19 |
| AKBA | $206M | — | 2.8× | 0.9× | 47.5% | 83.3% | -2.3% | -16.4% | -6.6% | -5.5× | 27 |
| WHWK | $188M | — | — | 26.3× | -72.5% | 89.4% | -288% | -15.1% | -15.1% | — | 10 |
| DERM | $153M | — | — | 2.5× | 10.2% | 66.2% | -18.5% | -35.9% | -20.0% | — | 4 |
| MGNX | $152M | — | — | 1.0× | -0.3% | 100% | -49.9% | -134% | -134% | — | 18 |
| BGM | $127M | — | — | 3.4× | 51.1% | 16.6% | -52.6% | -5.1% | -5.1% | — | — |
| ORGO | $105M | 5.5× | 0.2× | 0.2× | 17.0% | — | 6.6% | 12.3% | 12.3% | -1.6× | 18 |
| ZYBT | $68M | — | — | 4.1× | -34.8% | 20.5% | -60.0% | -27.9% | -21.5% | — | — |
Peers = companies sharing ZYBT's sector (Pharmaceutical Preparations) with collected SEC financials. Multiples use the most recent end-of-day close and latest fiscal-year fundamentals (trailing, not forward). Missing cells mean the peer never reported that line item, has no collected price, or has a non-positive denominator. Not investment advice.
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 $1.8M 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 2 years — and what it earned on reinvestment.
A balanced mix of reinvestment and shareholder returns.
Operating income fell despite reinvestment — a warning on capital productivity. Current ROIC on all capital: -22%. Rough measure (includes maintenance capex).
Cash uses aggregated from the SEC cash-flow statement over 2 fiscal years. "Return on reinvestment" is a rough proxy — operating-income change ÷ cumulative CapEx + M&A — and includes maintenance capex. Educational — not a recommendation.
EOD close · as of 2026-10-30
How a revenue dollar becomes profit — FY2025
Dividends and buybacks are cash paid out, shown here against the same year's profit for scale — not funded from it.
Each value shows its share of revenue below it (common-size).
| Line Item | FY2025 | FY2024 |
|---|---|---|
| Revenue | $16.6M 100.0% | $186.4M 100.0% |
| Cost of Revenue | $13.2M 79.5% | $95.1M 51.0% |
| Gross Profit | $3.4M 20.5% | $91.3M 49.0% |
| Research & Development | $2.6M 15.5% | $12.8M 6.9% |
| Selling, General & Admin | $4.4M 26.6% | $22.6M 12.1% |
| Total Operating Expenses | $13.5M 81.1% | $74.9M 40.2% |
| Operating Income | -$10.1M -60.6% | $16.4M 8.8% |
| Interest Expense | $486K 2.9% | $4.0M 2.2% |
| Interest & Investment Income | $14K 0.1% | $231K 0.1% |
| Other Income (Expense), net | -$196K -1.2% | -$2.0M -1.1% |
| Pretax Income | -$10.3M -61.8% | $14.4M 7.7% |
| Income Tax Expense | $1.6M 9.5% | $924K 0.5% |
| Net Income | -$10.0M -60.0% | $11.3M 6.1% |
| Per Share | ||
| EPS (Basic) | — | $0.03 |
| EPS (Diluted) | — | $0.03 |
| Weighted Avg Shares (Basic) | 47.3M | 45.7M |
| Weighted Avg Shares (Diluted) | 47.3M | 45.7M |
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.
How much the company owes, how it's trended, and how comfortably it's serviced.
Cash of $7.2M covers all $1.4M of scheduled principal — no refinancing pressure. Scheduled principal only (excludes interest & revolver draws). As of 2025-12-31 (20-F).
Insufficient EBITDA/debt history.
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Thin coverage — earnings barely cover interest. Effective rate ~4.6% on $10.7M of debt.
Cash of $7.2M is below short-term debt of $9.3M — relies on refinancing/operations.
Mostly short-term debt (balance-sheet current vs non-current split). See the maturity ladder above for the year-by-year repayment schedule.
Debt, cash, interest and equity from the SEC balance sheet & income statement. Effective rate = interest ÷ average debt. Maturity ladder from the SEC long-term-debt repayment schedule. Educational — not a recommendation.
Solve the discounted cash flow backwards, then stress-test the assumptions.
Average free cash flow across the last 2 positive fiscal years (FY2024, FY2025). Smooths the cycle. Stock compensation is NOT charged — it is added back inside operating cash flow.
To be worth $1.30 today, the market must believe free cash flow compounds 13.4%/yr for a decade (off $2.8M on the 3-yr avg basis).
The market's 13.4% is more optimistic than its 1-yr track record.
Default is 11.8% — this company's computed cost of capital (computed WACC), the same rate the Analysis tab discounts at.
2-stage DCF · 0.05B shares (market data) · net debt $3.5M
Reverse DCF: rather than guessing a fair value, we solve for the growth the current price implies, then you stress-test the assumptions. Enterprise value of the FCF stream, less net debt, ÷ shares. Educational — not a recommendation.
EOD close · as of 2026-10-30
Is the profit real, and how strong is the balance sheet?
FY2025 · every deduction from revenue to net income
DuPont — the three levers
ROE -28% against ROIC -22% — -6% of the return on equity comes from leverage and buybacks rather than from the operating business.
Equity is the year-end figure. On average equity over the two year-ends, ROE is -26.8% — the two diverge when buybacks or issuance move equity during the year.
What the company owes vs. what it holds
This shows debt/cash structure and net leverage. The year-by-year maturity schedule is on the Debt & Leverage tab.
Latest year: profit growth vs revenue growth
High operating leverage: profit moved 15.7× as fast as sales — great in an upturn, painful in a downturn.
Each line as % of revenue — the trend in color
| % of revenue | FY2024 | FY2025 |
|---|---|---|
| Cost of Revenue | 51.0 | 79.5 |
| Gross Profit | 49.0 | 20.5 |
| R&D | 6.9 | 15.5 |
| SG&A | 12.1 | 26.6 |
| Operating Income | 8.8 | -60.6 |
| Income Tax | 0.5 | 9.5 |
| Net Income | 6.1 | -60.0 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on ZYBT: price, valuation and headline fundamentals from SEC filings. The four questions at the top of the page are where the judgements live.
Earns -34.41pts against its cost of capital — capital is being consumed, not created.
| Period | ROIC | Cost of capital | Spread |
|---|---|---|---|
| FY2024 | 4.2% | 14.6% | -10.4pts |
| FY2025 | -22.6% | 10.9% | -33.5pts |
| Now | -21.5% | 11.8% | -33.3pts |
| Fiscal year | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| FY2024 | 49.0% | 8.8% | 6.1% |
| FY2025 | 20.5% | -60.6% | -60.0% |
Return on equity is 6 points BELOW the return on invested capital, which means the equity base is carrying capital the operations are not earning on — usually cash, goodwill, or a recent raise.
ROE is on average equity; ROIC is NOPAT over average invested capital (debt plus equity less excess cash). The gap is not a single adjustment.
ROIC ex-goodwill is -22.62% against -22.62% reported — the return is earned on a capital base inflated by what was paid for acquisitions, not by the operating business alone.
Fewer than three profitable years with a cash flow statement, so cash conversion cannot be judged.
No material counter-signal in the checked set: FCF / net income over 3 and 5 years, Sloan accruals, SBC as a share of revenue, SBC as a share of operating cash flow, SBC-adjusted free cash flow, free cash flow per diluted share, buybacks against SBC issued, capex vs depreciation, free cash flow against revenue, share count since the first year on file, cash conversion cycle (DSO, DIO, DPO), receivables growth against revenue growth.
Missing from our data, so excluded from this answer: 3 years of cash flow.
Debt is present but there is no positive EBITDA or no reported interest expense, so coverage cannot be measured.
Ladder as of 2025-12-31 (20-F); cash from the 2025-12-31 balance sheet; FCF from FY2025.
Balance sheet at 2025-12-31. Undrawn revolving credit is not shown: the tag is collected but not yet mapped through to the API.
No material counter-signal in the checked set: net debt / EBITDA, interest coverage, stressed coverage, maturity schedule vs cash and one year of FCF, liquidity ratios.
Missing from our data, so excluded from this answer: ebitda.
At $1.43, free cash flow must compound 14.67%/yr for 10 years. It has no positive compounding record to compare against.
The implied rate of 14.67% has not been achieved in any of the last 1 years.