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.
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 Rows more than 60 days past their run-out date sit below, marked figures out of date.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$220K cash$2.4M burn a quarteras of Aug 31, 2026Cash would have lasted to Sep 2026; next 10-Q due Jan 14, 2027. No 424B or S-1 filed since Aug 31, 2026; 12 8-Ks since not read yet; 12 read, none a raise | $15.8Mas of Aug 31, 2025 | reverse split | 10-Q Aug 31DilutionEDGAR | |
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 | |
Under 1 month$3.9K cash$22.2K burn a quarteras of Aug 31, 2026Cash would have lasted to Sep 2026; next 10-K due Mar 1, 2027. No raise filed since Aug 31, 2026 | $1.4Mas of Nov 30, 2025 | 0% | 10-Q Aug 31DilutionEDGAR | |
Under 1 month$1.1M cash$4.8M 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; 1 8-K since, not a raise | $38.3Mas of Jun 30, 2025 | +41% | 10-Q Sep 30DilutionEDGAR | |
1 monthRaised since report$302K cash$655K burn a quarteras of Sep 30, 2026Raised since: Oct 26, 2026 8-K | $22.4Mas of Jun 30, 2025 | +14% | 10-Q Sep 30DilutionEDGAR | |
1 month$122K cash$262K burn a quarteras of Jul 31, 2026Cash would have lasted to Sep 2026; next 10-Q due Dec 15, 2026. No raise filed since Jul 31, 2026; 1 8-K since, not a raise | $6.2Mas of Jan 31, 2026 | +4% | 10-K Jul 31DilutionEDGAR | |
1 month$1.1M cash$2.4M burn a quarteras of Aug 31, 2026Cash would have lasted to Oct 2026; next 10-Q due Jan 14, 2027. No 424B or S-1 filed since Aug 31, 2026; 3 8-Ks since not read yet; 4 read, none a raise | $17.9Mas of Aug 31, 2025 | +87% | 10-Q Aug 31DilutionEDGAR | |
2 months$836K cash$1.2M burn a quarteras of Aug 31, 2026Cash would have lasted to Nov 2026; next 10-Q due Jan 14, 2027. No 424B or S-1 filed since Aug 31, 2026; 3 8-Ks since not read yet; 1 read, not a raise | $39.5Mas of Aug 29, 2025 | +1% | 10-Q Aug 31DilutionEDGAR | |
2 monthsRaised since report$2.4M cash$3.2M burn a quarteras of Jun 30, 2026Cash would have lasted to Sep 2026; next 10-Q due Nov 16, 2026. Raised since: Nov 3, 2026 424B5 | $22.6Mas of Jun 30, 2025float may be out of date | +553%after a reverse split | 10-Q Jun 30DilutionEDGAR | |
2 monthsRaised since report$11.2M cash$14.4M burn a quarteras of Jun 30, 2026Cash would have lasted to Sep 2026; next 10-K due Dec 29, 2026. Raised since: Aug 14, 2026 424B5 | $26.9Mas of Mar 31, 2025float may be out of date | +270% | 10-Q Jun 30DilutionEDGAR | |
2 months$2.5M cash$3.2M burn a quarteras of Jun 30, 2026Cash would have lasted to Sep 2026; next 10-Q due Nov 16, 2026. S-1 filed since: Aug 7, 2026, new shares or resale not read yet; 7 8-Ks since not read yet; 4 read, none a raise | $27.1Mas of Jun 30, 2025float may be out of date | +108% | 10-Q Jun 30DilutionEDGAR | |
2 monthsRaised since report$3.5M cash$4.5M burn a quarteras of Jun 30, 2026Cash would have lasted to Sep 2026; next 10-Q due Nov 16, 2026. Raised since: Oct 30, 2026 8-K | $15.2Mas of Dec 31, 2025 | +54% | 10-K Jun 30DilutionEDGAR | |
2 monthsRaised since report$1.5M cash$1.9M burn a quarteras of Jun 30, 2026Cash would have lasted to Sep 2026; next 10-Q due Nov 16, 2026. Raised since: Aug 24, 2026 424B5 | $20.2Mas of Jun 30, 2025 | +26% | 10-Q Jun 30DilutionEDGAR | |
2 monthsRaised since report$1.4M cash$1.6M burn a quarteras of Jun 30, 2026Cash would have lasted to Sep 2026; next 10-Q due Nov 16, 2026. Raised since: Oct 28, 2026 8-K | $14.9Mas of Jun 30, 2025 | +35% | 10-Q/A Jun 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 | |
2 monthsRaised since report$3.1M cash$3.6M burn a quarteras of Jun 30, 2026Cash would have lasted to Sep 2026; next 10-Q due Nov 16, 2026. Raised since: Oct 27, 2026 8-K | $13.7Mas of Jun 30, 2025float may be out of date | +643%after a reverse split | 10-Q Jun 30DilutionEDGAR | |
2 monthsRaised since report$5.3M cash$6.1M burn a quarteras of Jun 30, 2026Cash would have lasted to Sep 2026; next 10-Q due Nov 16, 2026. Raised since: Oct 29, 2026 8-K | $165Mas of Jun 30, 2025 | 10-Q Jun 30DilutionEDGAR | ||
2 months$17.4M cash$20.0M burn a quarteras of Jun 30, 2026Cash would have lasted to Sep 2026; next 10-Q due Nov 16, 2026. No 424B or S-1 filed since Jun 30, 2026; 4 8-Ks since not read yet | $52.0Mas of Jun 30, 2025 | +99% | 10-Q Jun 30DilutionEDGAR | |
2 months$2.2M cash$2.4M burn a quarteras of Jun 30, 2026Cash would have lasted to Sep 2026; next 10-Q due Nov 16, 2026. No 424B or S-1 filed since Jun 30, 2026; 5 8-Ks since not read yet | $11.6Mas of Jun 30, 2025 | +36% | 10-Q Jun 30DilutionEDGAR | |
2 months$19.6M cash$22.0M burn a quarteras of Jun 30, 2026Cash would have lasted to Sep 2026; next 10-Q due Nov 16, 2026. S-1 filed since: Aug 25, 2026, new shares or resale not read yet; 5 8-Ks since not read yet; 2 read, neither a raise | Float not stated | +15% | 10-Q Jun 30DilutionEDGAR | |
2 monthsRaised since report$2.2M cash$2.4M burn a quarteras of Jun 30, 2026Cash would have lasted to Sep 2026; next 10-Q due Nov 16, 2026. Raised since: Sep 14, 2026 424B4 | $26.1Mas of Jun 30, 2025float may be out of date | +176% | 10-Q Jun 30DilutionEDGAR | |
2 months$2.4M cash$2.6M burn a quarteras of Jun 30, 2026Cash would have lasted to Sep 2026; next 10-Q due Nov 16, 2026. No 424B or S-1 filed since Jun 30, 2026; 7 8-Ks since not read yet; 1 read, not a raise | $24.9Mas of Jun 30, 2025 | +49% | 10-Q Jun 30DilutionEDGAR | |
2 months$3.5M cash$3.8M burn a quarteras of Jun 30, 2026Cash would have lasted to Sep 2026; next 10-Q due Nov 16, 2026. No 424B or S-1 filed since Jun 30, 2026; 5 8-Ks since not read yet; 1 read, not a raise | $21.6Mas of Jun 30, 2025float may be out of date | +225% | 10-Q Jun 30DilutionEDGAR | |
2 monthsRaised since report$4.4M cash$4.7M burn a quarteras of Jun 30, 2026Cash would have lasted to Sep 2026; next 10-Q due Nov 16, 2026. Raised since: Oct 28, 2026 8-K | $42.1Mas of Jun 30, 2025 | +22% | 10-Q Jun 30DilutionEDGAR | |
3 monthsRaised since report$160K cash$168K burn a quarteras of Jun 30, 2026Cash would have lasted to Sep 2026; next 10-Q due Nov 16, 2026. Raised since: Oct 19, 2026 8-K | $200Kas of Jan 30, 2026 | 0% | 10-Q Jun 30DilutionEDGAR | |
3 monthsRaised since report$4.1M cash$4.2M burn a quarteras of Jun 30, 2026Cash would have lasted to Sep 2026; next 10-Q due Nov 16, 2026. Raised since: Sep 17, 2026 424B5 | $8.0Mas of Jun 30, 2025float may be out of date | +687%may include a split or new class | 10-Q Jun 30DilutionEDGAR | |
3 monthsRaised since report$10.8M cash$11.2M burn a quarteras of Jun 30, 2026Cash would have lasted to Sep 2026; next 10-Q due Nov 16, 2026. Raised since: Aug 21, 2026 424B5 | $13.6Mas of Jun 30, 2025float may be out of date | +176% | 10-Q Jun 30DilutionEDGAR | |
3 months$85.0K cash$86.5K burn a quarteras of Jun 30, 2026Cash would have lasted to Sep 2026; next 10-Q due Nov 16, 2026. No 424B or S-1 filed since Jun 30, 2026; 1 8-K since not read yet | $193Kas of Jun 30, 2025 | 0% | 10-Q Jun 30DilutionEDGAR | |
3 months$634K cash$633K burn a quarteras of Jun 30, 2026Cash would have lasted to Sep 2026; next 10-Q due Nov 16, 2026. No 424B or S-1 filed since Jun 30, 2026; 5 8-Ks since not read yet; 1 read, not a raise | $7.6Mas of Jun 30, 2025float may be out of date | +132% | 10-Q Jun 30DilutionEDGAR | |
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$127K cash$121K 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 | $4.0Mas of Jun 30, 2025float may be out of date | +116% | 10-Q Jun 30DilutionEDGAR | |
3 monthsRaised since report$3.4M cash$3.2M burn a quarteras of Jun 30, 2026Cash would have lasted to Oct 2026; next 10-Q due Nov 16, 2026. Raised since: Nov 3, 2026 424B3 $29.6M | $8.7Mas of Jun 30, 2025float may be out of date | +356%may include a split or new class | 10-Q Jun 30DilutionEDGAR | |
3 months$2.5M cash$2.2M burn a quarteras of Jun 30, 2026Cash would have lasted to Oct 2026; next 10-Q due Nov 16, 2026. S-1 filed since: Jul 23, 2026, new shares or resale not read yet; 1 8-K since not read yet; 2 read, neither a raise | $7.0Mas of Jun 30, 2025 | +99% | 10-Q Jun 30DilutionEDGAR | |
3 months$1.1M cash$946K burn a quarteras of Jun 30, 2026Cash would have lasted to Oct 2026; next 10-Q due Nov 16, 2026. S-1 filed since: Aug 6, 2026, new shares or resale not read yet; 5 8-Ks since not read yet | $1.6Mas of Jun 30, 2025 | −23% | 10-Q Jun 30DilutionEDGAR | |
3 monthsRaised since report$7.3M cash$6.4M burn a quarteras of Jun 30, 2026Cash would have lasted to Oct 2026; next 10-Q due Nov 16, 2026. Raised since: Aug 21, 2026 424B5 | $8.8Mas of Dec 31, 2025float may be out of date | +815%may include a split or new class | 10-Q Jun 30DilutionEDGAR | |
3 monthsRaised since report$1.4M cash$1.2M burn a quarteras of Jun 30, 2026Cash would have lasted to Oct 2026; next 10-Q due Nov 16, 2026. Raised since: Jul 24, 2026 424B5 | $4.4Mas of Jun 30, 2025 | +79% | 10-Q Jun 30DilutionEDGAR | |
3 months$7.2M cash$6.2M 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; 1 8-K since not read yet | $63.2Mas of Jun 30, 2025float may be out of date | +1136%after a reverse split | 10-Q Jun 30DilutionEDGAR | |
3 months$1.7M cash$1.4M burn a quarteras of Jun 30, 2026Cash would have lasted to Oct 2026; next 10-Q due Nov 16, 2026. No raise filed since Jun 30, 2026; 2 8-Ks since, neither a raise | $21.3Mas of Dec 31, 2025 | +63% | 10-K Jun 30DilutionEDGAR | |
3 months$11.2M cash$9.2M 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; 1 8-K since not read yet | $27.3Mas of Jun 30, 2025float may be out of date | +125% | 10-Q Jun 30DilutionEDGAR | |
3 months$18.7M cash$15.5M 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; 3 8-Ks since not read yet; 1 read, not a raise | $36.1Mas of Jun 30, 2025 | +93% | 10-Q Jun 30DilutionEDGAR | |
3 months$2.1M cash$1.7M burn a quarteras of Aug 31, 2026S-1 filed since: Sep 1, 2026, new shares or resale not read yet; 3 8-Ks since not read yet; 1 read, not a raise | $72.8Mas of Aug 29, 2025 | +6% | 10-Q Aug 31DilutionEDGAR | |
3 months$735K cash$595K burn a quarteras of Jun 30, 2026Cash would have lasted to Oct 2026; next 10-Q due Nov 16, 2026. No raise filed since Jun 30, 2026; 1 8-K since, not a raise | $5.1Mas of Jun 30, 2025float may be out of date | +143% | 10-Q Jun 30DilutionEDGAR | |
3 monthsRaised since report$5.2M cash$4.2M burn a quarteras of Jun 30, 2026Cash would have lasted to Oct 2026; next 10-Q due Nov 16, 2026. Raised since: Nov 3, 2026 8-K | $6.7Mas of Jun 30, 2025float may be out of date | +725%may include a split or new class | 10-Q Jun 30DilutionEDGAR | |
3 monthsRaised since report$3.9M cash$3.1M burn a quarteras of Jun 30, 2026Cash would have lasted to Oct 2026; next 10-Q due Nov 16, 2026. Raised since: Aug 3, 2026 424B5 | $4.6Mas of Jun 30, 2025float may be out of date | +2982%may include a split or new class | 10-Q Jun 30DilutionEDGAR | |
3 months$83.5K cash$66.2K 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; 2 8-Ks since not read yet | $50.7Mas of Dec 31, 2025 | 0% | 10-Q Jun 30DilutionEDGAR | |
3 monthsRaised since report$10.1M cash$8.0M burn a quarteras of Jun 30, 2026Cash would have lasted to Oct 2026; next 10-Q due Nov 16, 2026. Raised since: Aug 20, 2026 424B4 | Float not stated | +57% | 10-Q Jun 30DilutionEDGAR | |
3 months$30.4M cash$24.0M 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; 2 8-Ks since not read yet | $19.9Mas of Jun 30, 2025 | +1% | 10-Q Jun 30DilutionEDGAR | |
3 months$10.1M cash$7.8M 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; 5 8-Ks since not read yet | $130Mas of Jun 30, 2025 | 0% | 10-Q Jun 30DilutionEDGAR | |
3 months$670K cash$523K burn a quarteras of Jun 30, 2026Cash would have lasted to Oct 2026; next 10-Q due Nov 16, 2026. S-1 filed since: Aug 28, 2026, new shares or resale not read yet; 1 8-K since not read yet | $9.3Mas of Jun 30, 2025 | +5% | 10-Q Jun 30DilutionEDGAR | |
3 monthsRaised since report$6.3M cash$4.9M burn a quarteras of Jun 30, 2026Cash would have lasted to Oct 2026; next 10-Q due Nov 16, 2026. Raised since: Oct 29, 2026 8-K | $40.3Mas of Jun 30, 2025float may be out of date | +1556%after a reverse split | 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: 973 companies, with the reason
Runway is not meaningful for banks and lenders. 257
- Southern First Bancshares
- Atlanticus Holdings
- RBB Bancorp
- NorthEast Community Bancorp
- BayCom
- Onity Group
- Citizens & Northern
- NewtekOne
- Red River Bancshares
- Colony Bankcorp
- First Bancorp
- Bitwise Ethereum ETF
- Greystone Housing Impact Investors
- Citizens Financial Services
- MVB Financial
- FS Bancorp
- Lesaka Technologies
- DeFi Development
- Plumas Bancorp
- Waterstone Financial
- and 237 more
Runway is not meaningful for blank-check companies (SPACs), which hold their cash in trust. 237
- K&F Growth Acquisition Corp. II
- Cantor Equity Partners III
- Alussa Energy Acquisition Corp. II
- FutureCrest Acquisition
- Titan Acquisition
- SilverBox Corp V
- Trailblazer Acquisition
- Bold Eagle Acquisition
- Voyager Acquisition Corp./Cayman Islands
- ProCap Acquisition
- Renatus Tactical Acquisition Corp I
- Cantor Equity Partners II
- Oyster Enterprises II Acquisition
- Inflection Point Acquisition Corp. III
- Kochav Defense Acquisition
- Cantor Equity Partners V
- Blue Water Acquisition Corp. III
- Oxley Bridge Acquisition
- Soulpower Acquisition
- Andretti Acquisition Corp. II
- and 217 more
Cash is not tagged in the latest report, so there is no runway estimate. 120
- United States Antimony
- Aldeyra Therapeutics
- Nova Minerals
- Unusual Machines
- Atomera
- AirJoule Technologies
- NeoVolta
- Cyngn
- Lvpai Group
- BMP AI Technologies
- Charging Robotics
- Zone Frontier
- Inmune Bio
- MAIA Biotechnology
- Winvest Group
- GenFlat Holdings
- Aura Systems
- Laredo Oil
- United Health Products
- HNO International
- and 100 more
Runway is not meaningful for REITs and real estate companies, whose cash needs follow their properties and debt. 102
- Industrial Logistics Properties Trust
- Claros Mortgage Trust
- Ares Commercial Real Estate
- FrontView REIT
- Chicago Atlantic Real Estate Finance
- NewLake Capital Partners
- TPG Mortgage Investment Trust
- Belpointe PREP
- Alico
- Sky Harbour Group
- Douglas Elliman
- Alpine Income Property Trust
- BRT Apartments
- RE/MAX Holdings
- Braemar Hotels & Resorts
- Franklin Street Properties
- NexPoint Diversified Real Estate Trust
- Seven Hills Realty Trust
- Modiv Industrial
- Strawberry Fields REIT
- and 82 more
Operating cash flow for the last two quarters is not tagged, so there is no runway estimate. 86
Runway is not meaningful for broker-dealers and asset managers. 71
- Invesco DB Oil Fund
- Vine Hill Capital Investment
- Grayscale Bitcoin Cash Trust (BCH)
- Invesco DB US Dollar Index Bullish Fund
- Osprey Bitcoin Trust
- Streamex
- Invesco DB Precious Metals Fund
- GraniteShares Platinum Trust
- AI Financial
- WisdomTree Bitcoin Fund
- Invesco DB US Dollar Index Bearish Fund
- Abacus Global Management
- Grayscale Litecoin Trust (LTC)
- Silvercrest Asset Management Group
- VanEck Ethereum ETF
- Invesco DB Base Metals Fund
- Grayscale Ethereum Classic Trust (ETC)
- Westwood Holdings Group
- Invesco CurrencyShares Australian Dollar Trust
- Invesco CurrencyShares Canadian Dollar Trust
- and 51 more
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. 39
- XCF Global
- OS Therapies
- Datavault AI
- Intrusion
- Blue Biofuels
- VisionWave Holdings
- CIMG
- Cyber Enviro-Tech
- Brainstorm Cell Therapeutics
- Accustem Sciences
- Clean Energy Technologies
- American Battery Materials
- Apimeds Pharmaceuticals US
- Rain Enhancement Technologies Holdco
- Azio AI Holdings
- Crown PropTech Acquisitions
- IP Strategy Holdings
- Shuttle Pharmaceuticals Holdings
- Singularity Future Technology
- HealthLynked
- Bubblr
- Superstar Platforms
- Mobile Global Esports
- BioCorRx
- Limitless X Holdings
- Bioforce Nanosciences Holdings
- Wenyuan Group
- Regen BioPharma
- AiXin Life International
- Semnur Pharmaceuticals
- First Choice Healthcare Solutions
- Sharing Economy International
- Mosaic ImmunoEngineering
- Golden Star Resource
- Invech Holdings
- Vanguard Green Investment
- E-Smart
- Cuentas
- Regenerex Pharma
The latest report is older than 9 months, so there is no runway estimate. 31
- Irobot
- Eventbrite
- Tile Shop Holdings
- Luminar Technologies
- On24
- Monroe Capital
- Quipt Home Medical
- American Resources
- ScanTech AI Systems
- Borealis Foods
- Cannabist Co Holdings
- Farmer Brothers
- Tpi Composites
- Ezagoo
- Anebulo Pharmaceuticals
- Webstar Technology Group
- Lyra Therapeutics
- Harbor Diversified
- Urgent.ly
- GMTech
- Ethema Health
- Exceed World
- Frequency Holdings
- Dynatronics
- Scores Holding
- BRB Foods
- IMA Tech
- Jocom Holdings
- Dream Homes & Development
- Twin Hospitality Group
- CN Healthy Food Tech Group
Runway is not meaningful for insurers. 26
- Investors Title
- American Coastal Insurance
- James River Group Holdings
- Global Indemnity Group
- KINGSWAY
- Kingstone Companies
- Ategrity Specialty Insurance Co Holdings
- SelectQuote
- Mbia
- Citizens
- American Integrity Insurance Group
- eHealth
- Kestrel Group
- NI Holdings
- GoHealth
- Utg
- Health In Tech
- Oxbridge Re Holdings
- Atlantic American
- Sundance Strategies
- Presurance Holdings
- Reliance Global Group
- Athene Holding
- Neptune Insurance Holdings
- Accelerant Holdings
- American National Group
The reported cash and cash flow do not add up (cash above total assets, or a burn that is not a number), which points to a units or tagging error in the filing, so there is no runway estimate. 2
Runway is not meaningful for partnerships and MLPs. 2
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
70 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
1 last 30 days, under $300M float
Figures as reported in each filing. Not investment advice. Not affiliated with the U.S. SEC. All screens