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 under $300M, less than 4 quarters of cash
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 Rows more than 60 days past their run-out date sit below, marked figures out of date.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 |
|---|---|---|---|---|
Under 1 month$7.6K cash$63.8K burn a quarteras of Sep 30, 2026Cash would have lasted to Oct 2026; next 10-K due Mar 31, 2027. No raise filed since Sep 30, 2026; 2 8-Ks since, neither a raise | Float not stated | +39% | 10-Q Sep 30DilutionEDGAR | |
2 months$135K cash$155K burn a quarteras of Aug 31, 2026No raise filed since Aug 31, 2026 | $2.9Mas of Aug 29, 2025 | 0% | 10-Q Aug 31DilutionEDGAR | |
3 months$22.2K cash$21.5K burn a quarteras of Jun 30, 2026Cash would have lasted to Sep 2026; next 10-Q due Nov 16, 2026. No raise filed since Jun 30, 2026 | $3.4Mas of Dec 31, 2025 | +1% | 10-K Jun 30DilutionEDGAR | |
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S-1 filed since Jun 30, 2026; 9 8-Ks since not read yet; 2 read, neither a raise | $78.4Mas of Jun 30, 2025float may be out of date | +155% | 10-Q Jun 30DilutionEDGAR | |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$4.7M cash$3.2M burn a quarteras of Jun 30, 2026No 424B or S-1 filed since Jun 30, 2026; 3 8-Ks since not read yet | $4.8Mas of Jun 30, 2025float may be out of date | +275% | 10-Q Jun 30DilutionEDGAR | |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of Jun 30, 2026No 424B or S-1 filed since Jun 30, 2026; 2 8-Ks since not read yet | $8.0Mas of Jun 30, 2025float may be out of date | +698%may include a split or new class | 10-Q Jun 30DilutionEDGAR | |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$158K cash$76.7K burn a quarteras of Apr 30, 2026No 424B or S-1 filed since Apr 30, 2026; 1 8-K since not read yet | $520Kas of Oct 31, 2025 | +35% | 10-K Apr 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$315K cash$104K burn a quarteras of May 31, 2026No raise filed since May 31, 2026 | $332Kas of Feb 28, 2025 | +29% | 10-Q May 31DilutionEDGAR | |
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 | |
Under 1 monthFigures out of date$10.5K cash$74.0K burn a quarteras of Jul 31, 2026Cash would have lasted to Aug 2026; next 10-Q due Dec 15, 2026. No 424B or S-1 filed since Jul 31, 2026; 1 8-K since not read yet | Float not stated | +6% | 10-K Jul 31DilutionEDGAR | |
Under 1 monthFigures out of date$50.0K cash$286K burn a quarteras of Jun 30, 2026Cash would have lasted to Jul 2026; next 10-K due Dec 29, 2026. No 424B or S-1 filed since Jun 30, 2026; 2 8-Ks since not read yet | $112Kas of Sep 30, 2025 | +32% | 10-Q Jun 30DilutionEDGAR | |
Under 1 monthFigures out of date$42.3K cash$205K burn a quarteras of Jul 31, 2026Cash would have lasted to Aug 2026; next 10-Q due Dec 15, 2026. No 424B or S-1 filed since Jul 31, 2026; 2 8-Ks since not read yet; 2 read, neither a raise | $3.3Mas of Jul 31, 2025 | +67% | 10-Q Jul 31DilutionEDGAR | |
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 | |
1 monthFigures out of date$17.9K cash$46.1K burn a quarteras of Jun 30, 2026Cash would have lasted to Aug 2026; next 10-K due Dec 29, 2026. No 424B or S-1 filed since Jun 30, 2026; 1 8-K since not read yet | $1.8Mas of Mar 31, 2025 | +30% | 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: 26 companies, with the reason
Cash is not tagged in the latest report, so there is no runway estimate. 14
Operating cash flow for the last two quarters is not tagged, so there is no runway estimate. 6
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. 3
Runway is not meaningful for blank-check companies (SPACs), which hold their cash in trust. 2
The latest report is older than 9 months, so there is no runway estimate. 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
Dilution 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
Toxic financing flags
Discounted conversion prices, warrant resets, ratchets and equity lines, with the clause quoted.
Exhibits 4 and 10
Listing compliance
Open Nasdaq and NYSE deficiency notices, the rule and the cure deadline.
8-K item 3.01
Audit risk
Auditor changes, restatements and late filings.
8-K items 4.01 and 4.02, NT filings
Insider 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
Figures as reported in each filing. Not investment advice. Not affiliated with the U.S. SEC. All screens