Small caps
Cash and dilution
For companies with a public float under $300M, or under $2B with the size chip: cash runway from each 10-Q and 10-K, and the public float from each annual report cover, as stated in the filings.
Energy and mining companies with a public float from $5M to $300M
Shortest runway first. Rows more than 60 days past their run-out date sit below, marked figures out of date. Ties: fewer days of cash, then an open listing notice, then an at-the-market offering in the last 12 months.
| Company | Runway, cash and burn | Float | Shares, 12 months | Latest report |
|---|---|---|---|---|
3 months$6.7M cash$5.2M burn a quarteras of Jun 30, 2026Cash would have lasted to Oct 2026; next 10-Q due Nov 16, 2026. No 424B or S-1 filed since Jun 30, 2026; 9 8-Ks since not read yet; 2 read, neither a raise | $78.4Mas of Jun 30, 2025float may be out of date | +155% | 10-Q Jun 30DilutionEDGAR | |
4 months$508K cash$328K burn a quarteras of Jun 30, 2026No 424B or S-1 filed since Jun 30, 2026; 2 8-Ks since not read yet | $8.0Mas of Jun 30, 2025float may be out of date | +698%may include a split or new class | 10-Q Jun 30DilutionEDGAR | |
5 months$1.1M cash$618K burn a quarteras of Jun 30, 2026No 424B or S-1 filed since Jun 30, 2026; 2 8-Ks since not read yet | $16.2Mas of Jun 30, 2025 | +19% | 10-Q Jun 30DilutionEDGAR | |
6 months$4.1M cash$1.8M burn a quarteras of Jun 30, 2026No 424B or S-1 filed since Jun 30, 2026; 6 8-Ks since not read yet | $32.6Mas of Jun 30, 2025 | +37% | 10-Q Jun 30DilutionEDGAR | |
7 monthsRaised since report$7.4M cash$2.9M burn a quarteras of Jun 30, 2026Raised since: Jul 6, 2026 424B5 | $20.6Mas of Jun 30, 2025 | +7% | 10-Q Jun 30DilutionEDGAR | |
8 months$1.8M cash$618K burn a quarteras of Jun 30, 2026No 424B or S-1 filed since Jun 30, 2026; 2 8-Ks since not read yet; 1 read, not a raise | $42.3Mas of Dec 31, 2025 | +4% | 10-K Jun 30DilutionEDGAR | |
9 months$3.5M cash$1.1M burn a quarteras of Jun 30, 2026No raise filed since Jun 30, 2026 | $31.5Mas of Jun 30, 2025 | +19% | 10-Q Jun 30DilutionEDGAR | |
10 months$2.6M cash$746K burn a quarteras of May 31, 2026No 424B or S-1 filed since May 31, 2026; 3 8-Ks since not read yet | $20.6Mas of Feb 28, 2025 | +18% | 10-Q May 31DilutionEDGAR | |
12 months$36.1M cash$9.1M burn a quarteras of Jun 30, 2026 | $55.8Mas of Jun 30, 2025 | +63% | 10-Q Jun 30DilutionEDGAR | |
12 months$19.4M cash$4.8M burn a quarteras of Jun 30, 2026 | $21.3Mas of Dec 31, 2025float may be out of date | +275% | 10-K Jun 30DilutionEDGAR | |
12 months$9.9M cash$2.4M burn a quarteras of Jun 30, 2026 | $80.0Mas of Dec 31, 2025 | +19% | 10-K Jun 30DilutionEDGAR | |
15 months$9.6M cash$1.8M burn a quarteras of Jun 30, 2026 | $211Mas of Jun 30, 2025 | +10% | 10-Q Jun 30DilutionEDGAR | |
22 months$12.1M cash$1.6M burn a quarteras of Jul 31, 2026 | $13.3Mas of Jul 31, 2025 | +17% | 10-Q Jul 31DilutionEDGAR | |
24+ months$3.0M cash$355K burn a quarteras of Jun 30, 2026 | $16.4Mas of Jun 30, 2025 | +31% | 10-Q Jun 30DilutionEDGAR | |
24+ months$28.6M cash$3.1M burn a quarteras of Jun 30, 2026 | $112Mas of Jun 30, 2025 | +6% | 10-Q Jun 30DilutionEDGAR | |
24+ months$9.0M cash$924K burn a quarteras of Jun 30, 2026 | $53.4Mas of Jun 30, 2025 | +11% | 10-Q Jun 30DilutionEDGAR | |
24+ months$19.1M cash$1.9M burn a quarteras of Jun 30, 2026 | $36.0Mas of Jun 30, 2025float may be out of date | +185% | 10-Q Jun 30DilutionEDGAR | |
24+ months$38.2M cash$3.3M burn a quarteras of Jun 30, 2026 | $45.8Mas of Jun 30, 2025 | +67% | 10-Q Jun 30DilutionEDGAR | |
24+ months$122M cash$8.9M burn a quarteras of Jun 30, 2026 | $15.8Mas of Jun 30, 2025 | +51% | 10-Q Jun 30DilutionEDGAR | |
24+ months$4.9M cash$266K burn a quarteras of Jun 30, 2026 | $18.1Mas of Jun 30, 2025 | +2% | 10-Q Jun 30DilutionEDGAR | |
24+ months$211M cash$10.2M burn a quarteras of Sep 30, 2026 | $109Mas of Jun 30, 2025float may be out of date | +120% | 10-Q Sep 30DilutionEDGAR | |
24+ months$49.5M cash$2.4M burn a quarteras of Jun 30, 2026 | $123Mas of Jun 30, 2025 | +17% | 10-Q Jun 30DilutionEDGAR | |
24+ months$23.2M cash$850K burn a quarteras of Jul 31, 2026 | $8.8Mas of Apr 30, 2025float may be out of date | +470%may include a split or new class | 10-Q Jul 31DilutionEDGAR | |
24+ months$31.2M cash$1.1M burn a quarteras of Aug 31, 2026 | $121Mas of May 31, 2025 | +5% | 10-Q Aug 31DilutionEDGAR | |
24+ months$110M cash$130K burn a quarteras of Jun 30, 2026 | $118Mas of Jun 30, 2025 | +26% | 10-Q Jun 30DilutionEDGAR | |
Under 1 monthRaised since reportFigures out of date$540K cash$2.0M burn a quarteras of Jun 30, 2026Cash would have lasted to Jul 2026; next 10-Q due Nov 16, 2026. Raised since: Sep 22, 2026 424B5 | $9.8Mas of Jun 30, 2025 | +75% | 10-Q Jun 30DilutionEDGAR | |
Not a cash-burn company$21.0K cashas of Jun 30, 2026 | $74.1Mas of Jun 30, 2025 | −6% | 10-Q Jun 30DilutionEDGAR | |
Not a cash-burn company$4.2M cashas of Jun 30, 2026 | $5.7Mas of Jun 30, 2025float may be out of date | +119% | 10-Q Jun 30DilutionEDGAR | |
Not a cash-burn companyas of Jun 30, 2026 | $14.4Mas of Jun 30, 2025 | 0% | 10-Q Jun 30DilutionEDGAR | |
Not a cash-burn companyas of Jun 30, 2026 | $169Mas of Jun 30, 2025 | +13% | 10-Q Jun 30DilutionEDGAR | |
Not a cash-burn companyas of Jun 30, 2026 | $172Mas of Mar 31, 2025 | +1% | 10-Q Jun 30DilutionEDGAR | |
Not a cash-burn companyas of Jun 30, 2026 | $21.6Mas of Dec 31, 2025 | +4% | 10-Q Jun 30DilutionEDGAR | |
Not a cash-burn companyas of Jun 30, 2026 | $73.7Mas of Jun 30, 2025 | 0% | 10-Q Jun 30DilutionEDGAR | |
Not a cash-burn company$53.0K cashas of Jun 30, 2026 | $15.0Mas of Dec 31, 2025 | 0% | 10-Q Jun 30DilutionEDGAR | |
Not a cash-burn company$84.0K cashas of Jun 30, 2026 | $182Mas of Jun 30, 2025 | +2% | 10-Q Jun 30DilutionEDGAR | |
Not a cash-burn company$297K cashas of Jul 31, 2026 | $18.7Mas of Apr 30, 2025 | +5% | 10-Q Jul 31DilutionEDGAR | |
Not a cash-burn company$304K cashas of Jun 30, 2026 | $5.3Mas of Jun 30, 2025 | 0% | 10-Q Jun 30DilutionEDGAR | |
Not burning cash$692K cashas of Jun 30, 2026 | $11.2Mas of Jun 30, 2025float may be out of date | +146% | 10-Q Jun 30DilutionEDGAR | |
Not a cash-burn company$1.1M cashas of Jun 30, 2026 | $156Mas of Jun 30, 2025 | +15% | 10-Q Jun 30DilutionEDGAR | |
Not a cash-burn company$1.3M cashas of Jun 30, 2026 | $9.5Mas of Sep 30, 2025 | 0% | 10-Q Jun 30DilutionEDGAR | |
Not a cash-burn company$2.9M cashas of Jun 30, 2026 | $17.0Mas of Jun 30, 2025 | 0% | 10-Q Jun 30DilutionEDGAR | |
Not a cash-burn company$3.1M cashas of Jun 30, 2026 | $76.9Mas of Jun 30, 2025 | +22% | 10-Q Jun 30DilutionEDGAR | |
Not a cash-burn company$4.2M cashas of Jun 30, 2026 | $244Mas of Jun 30, 2025 | +6% | 10-Q Jun 30DilutionEDGAR | |
Not a cash-burn company$4.5M cashas of Jun 30, 2026 | $5.3Mas of Mar 31, 2025 | +42% | 10-Q Jun 30DilutionEDGAR | |
Not a cash-burn company$4.5M cashas of Jun 30, 2026 | $24.7Mas of Jun 30, 2025 | 0% | 10-Q Jun 30DilutionEDGAR | |
Not a cash-burn company$6.1M cashas of Jun 30, 2026 | $19.1Mas of Jun 30, 2025 | +60% | 10-Q Jun 30DilutionEDGAR | |
Not a cash-burn company$6.1M cashas of Jun 30, 2026 | $9.2Mas of Jun 30, 2025 | 0% | 10-Q Jun 30DilutionEDGAR | |
Not a cash-burn company$6.1M cashas of Jun 30, 2026 | $111Mas of Dec 31, 2025 | +3% | 10-K Jun 30DilutionEDGAR | |
Not a cash-burn company$7.9M cashas of Jun 30, 2026 | $29.0Mas of Jun 30, 2025 | +7% | 10-Q Jun 30DilutionEDGAR | |
Not a cash-burn company$10.2M cashas of Jun 30, 2026 | $57.1Mas of Jun 30, 2025 | +5% | 10-Q Jun 30DilutionEDGAR |
Float may be out of date: from a fiscal year more than one year before the latest report, or followed by a share change of more than 100%.
Not ranked: 14 companies, with the reason
Cash is not tagged in the latest report, so there is no runway estimate. 6
Operating cash flow for the last two quarters is not tagged, so there is no runway estimate. 4
Cash was under 5% of total assets at the end of the period: most of the company's money is held as something other than cash, such as crypto, securities or investments not tagged as short-term, so there is no runway estimate. 2
The latest report is older than 9 months, so there is no runway estimate. 1
Runway is not meaningful for blank-check companies (SPACs), which hold their cash in trust. 1
How these figures are worked out
- Runway
- Cash and short-term investments over the average operating cash burn of the last two quarters, from the XBRL in the latest 10-Q or 10-K, dated by that report's balance sheet. The bar is red under 3 months, amber from 3 to 12 and grey above; the words carry the same meaning. 'Raised since report' marks a raise filed after that report: the newest 424B prospectus (a 424B3 or 424B7 only when read as a sale of new shares), an S-1 read as new shares, or an 8-K reporting an unregistered share sale (item 3.02) or a financing agreement (item 1.01). Hover the runway, or read it with a screen reader, for the detail: when the estimated run-out date has passed, the month the cash lasted to and when the next report is due; under 4 quarters, whether a raise was filed since, or how many 8-Ks since are not read yet. Rows more than 60 days past their run-out month sit below current ones, marked figures out of date.
- Burn a quarter
- That two-quarter average, the same figure as the runway card on each company page. When a report tags only year-to-date totals, each quarter is the longer total less the earlier one.
- Not a cash-burn company
- Revenue in the latest quarter was above the cash outflow, so the outflow is a swing in inventory, receivables or payables rather than a burn rate; or operating cash flow over the last four quarters or the last fiscal year was positive. These companies get no runway and are not listed here; each company page says why.
- Not ranked
- Banks and lenders, insurers, brokers, funds, REITs and other real estate companies, partnerships and SPACs (SIC 6770, or a name with 'Acquisition Corp', or with 'Acquisition' and under 5% of assets in cash because the rest is in trust), companies with no tagged cash, a latest 10-Q or 10-K more than 9 months old, and figures that fail a check (cash and cash flow from different periods, cash above total assets, or under a week of cash while cash is under 5% of assets). They are listed under 'Not ranked' below the table, grouped by the reason.
- Shares, 12 months
- Change in diluted shares against the same quarter a year earlier, split-adjusted as the latest report restates them. A change above +300% or below −40% reads 'after a reverse split' when we found one ('reverse split adjusted'), and otherwise 'may include a split or new class' ('share count may include a split or a new class; check the source'), linked to the report.
- Float
- The public float on the cover of the latest annual report, as of the end of the second fiscal quarter, linked to EDGAR; hover it for its date. 'Float not stated' replaces $0, or a float over 1,000 times cash that neither the last offering price nor 100 times total assets supports. A float from a fiscal year more than one year before the latest report's, or followed by a share change of more than 100%, is marked with a dot, 'float may be out of date'.
- Shells
- By default a company with no stated public float, or under $25K of cash, is a shell or near-shell, and is hidden; turn off 'Hide shells' to list them.
- Sector
- The SIC code on file with the SEC, corrected for a few companies whose code does not match their business. Filters combine: each one narrows the list.
An estimate from reported figures, not a forecast or advice.
Small-cap signals read from every filing
Cash runway
Months of cash at the latest burn, from each 10-Q and 10-K.
XBRL: cash, securities, operating cash flow
Going-concern status
Companies whose latest report carries a going-concern warning the prior one did not.
10-Q and 10-K text, auditor report
None in 30 daysDilution ladder
Shares outstanding over time on each company's dilution page; shelf, ATM, warrants and convertibles are not read yet.
S-3, 424B, 8-K item 1.01, notes
Offerings with the math
Priced offerings, at-the-market programs and shelf takedowns, with new shares and the discount.
424B, S-3, 8-K
73 in 30 daysToxic financing flags
Discounted conversion prices, warrant resets, ratchets and equity lines, with the clause quoted.
Exhibits 4 and 10
5 in the 30 days to Nov 2Listing compliance
Open Nasdaq and NYSE deficiency notices, the rule and the cure deadline.
8-K item 3.01
199 open listing noticesAudit risk
Auditor changes, restatements and late filings.
8-K items 4.01 and 4.02, NT filings
Late filings: 24, Auditor changes: 11, Restatements: 4 in 30 daysInsider cluster buys
Three or more officers or directors buying the same company on the open market within 30 days, $25K or more in all.
Form 4
2 last 30 days, under $300M float
Figures as reported in each filing. Not investment advice. Not affiliated with the U.S. SEC. All screens