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.
Biotech and pharma companies with a public float under $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 Rows more than 60 days past their run-out date sit below, marked figures out of date.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 |
|---|---|---|---|---|
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 Raised since: Nov 3, 2026 424B5 | $22.6Mas of Jun 30, 2025float may be out of date | +553%after a reverse split | 10-Q Jun 30DilutionEDGAR | |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 Raised since: Aug 14, 2026 424B5 | $26.9Mas of Mar 31, 2025float may be out of date | +270% | 10-Q Jun 30DilutionEDGAR | |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 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$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 Raised since: Oct 27, 2026 8-K | $13.7Mas of Jun 30, 2025float may be out of date | +643%after a reverse split | 10-Q Jun 30DilutionEDGAR | |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 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$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$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$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 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 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$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 | |
4 months$12.8M cash$9.0M burn a quarteras of Jun 30, 2026No 424B or S-1 filed since Jun 30, 2026; 7 8-Ks since not read yet; 1 read, not a raise | $11.0Mas of Jun 30, 2025float may be out of date | +286% | 10-Q Jun 30DilutionEDGAR | |
4 months$842K cash$584K burn a quarteras of Jun 30, 2026No raise filed since Jun 30, 2026 | $14.3Mas of Jun 30, 2025 | 0% | 10-Q Jun 30DilutionEDGAR | |
4 monthsRaised since report$2.8M cash$1.9M burn a quarteras of Jun 30, 2026Raised since: Oct 21, 2026 424B5 | $23.7Mas of Dec 31, 2025 | +34% | 10-K Jun 30DilutionEDGAR | |
4 monthsRaised since report$9.8M cash$6.7M burn a quarteras of Jun 30, 2026Raised since: Oct 30, 2026 424B5 | $9.8Mas of Jun 30, 2025float may be out of date | +2817%after a reverse split | 10-Q Jun 30DilutionEDGAR | |
4 months$57.0M cash$39.1M burn a quarteras of Jun 30, 2026No 424B or S-1 filed since Jun 30, 2026; 12 8-Ks since not read yet; 1 read, not a raise | $271Mas of Jun 28, 2025 | +45% | 10-Q Jun 30DilutionEDGAR | |
4 months$5.0M cash$3.4M burn a quarteras of Jun 30, 2026S-1 filed since: Oct 9, 2026, new shares or resale not read yet; 5 8-Ks since not read yet | $8.6Mas of Jun 30, 2025float may be out of date | +1301%may include a split or new class | 10-Q Jun 30DilutionEDGAR | |
4 monthsRaised since report$33.0M cash$22.1M burn a quarteras of Jun 30, 2026Raised since: Oct 1, 2026 424B5 | $64.4Mas of Jun 30, 2025 | +3% | 10-Q Jun 30DilutionEDGAR | |
4 monthsRaised since report$5.6M cash$3.6M burn a quarteras of Jun 30, 2026Raised since: Jul 21, 2026 424B4 | $60.1Mas of Jun 30, 2025 | +21% | 10-Q Jun 30DilutionEDGAR | |
4 months$5.0M cash$3.2M burn a quarteras of Jun 30, 2026No 424B or S-1 filed since Jun 30, 2026; 4 8-Ks since not read yet; 1 read, not a raise | $17.5Mas of Jun 30, 2025float may be out of date | +472%after a reverse split | 10-Q Jun 30DilutionEDGAR | |
4 monthsRaised since report$9.3M cash$5.9M burn a quarteras of Jun 30, 2026Raised since: Sep 28, 2026 424B5 | $52.6Mas of Jun 30, 2025float may be out of date | +273% | 10-Q Jun 30DilutionEDGAR | |
4 months$33.1M cash$20.7M burn a quarteras of Jun 30, 2026No 424B or S-1 filed since Jun 30, 2026; 4 8-Ks since not read yet | $50.5Mas of Jun 30, 2025 | +89% | 10-Q Jun 30DilutionEDGAR | |
4 months$8.4M cash$5.2M burn a quarteras of Jun 30, 2026No 424B or S-1 filed since Jun 30, 2026; 7 8-Ks since not read yet; 1 read, not a raise | $6.5Mas of Jun 30, 2025 | +15% | 10-Q Jun 30DilutionEDGAR | |
4 monthsRaised since report$3.1M cash$1.9M burn a quarteras of Jun 30, 2026Raised since: Aug 13, 2026 424B5 | $24.2Mas of Jun 30, 2025 | +21% | 10-Q Jun 30DilutionEDGAR | |
5 months$20.1M cash$11.5M burn a quarteras of Jun 30, 2026No 424B or S-1 filed since Jun 30, 2026; 4 8-Ks since not read yet; 1 read, not a raise | $12.6Mas of Jun 30, 2025float may be out of date | +124% | 10-Q Jun 30DilutionEDGAR | |
5 monthsRaised since report$105M cash$60.0M burn a quarteras of Jun 30, 2026Raised since: Aug 28, 2026 424B5 | $81.9Mas of Jun 30, 2025 | +33% | 10-Q Jun 30DilutionEDGAR | |
5 months$3.9M cash$2.2M burn a quarteras of Jun 30, 2026No 424B or S-1 filed since Jun 30, 2026; 3 8-Ks since not read yet | $3.1Mas of Jun 30, 2025float may be out of date | +505%may include a split or new class | 10-Q Jun 30DilutionEDGAR | |
5 months$4.4M cash$2.5M burn a quarteras of Jun 30, 2026No 424B or S-1 filed since Jun 30, 2026; 3 8-Ks since not read yet; 1 read, not a raise | $3.1Mas of Jun 30, 2025float may be out of date | +292% | 10-Q Jun 30DilutionEDGAR | |
5 monthsRaised since report$74.9M cash$41.0M burn a quarteras of Jun 30, 2026Raised since: Oct 29, 2026 8-K | $58.9Mas of Jun 30, 2025 | 10-Q Jun 30DilutionEDGAR | ||
5 monthsRaised since report$6.5M cash$3.5M burn a quarteras of Jun 30, 2026Raised since: Sep 29, 2026 424B5 | $69.7Mas of Jun 30, 2025 | +2% | 10-Q Jun 30DilutionEDGAR | |
5 months$5.5M cash$3.0M burn a quarteras of Jun 30, 2026No 424B or S-1 filed since Jun 30, 2026; 1 8-K since not read yet | $83.4Mas of Jun 30, 2025 | +3% | 10-Q Jun 30DilutionEDGAR | |
5 monthsRaised since report$36.7M cash$19.8M burn a quarteras of Jun 30, 2026Raised since: Jul 30, 2026 424B5 | $74.3Mas of Jun 30, 2025float may be out of date | +110% | 10-Q Jun 30DilutionEDGAR | |
5 monthsRaised since report$9.0M cash$4.8M burn a quarteras of Jun 30, 2026Raised since: Sep 14, 2026 424B5 | $8.5Mas of Dec 31, 2025float may be out of date | +391%may include a split or new class | 10-K Jun 30DilutionEDGAR | |
5 months$15.2M cash$8.0M burn a quarteras of Jun 30, 2026No 424B or S-1 filed since Jun 30, 2026; 3 8-Ks since not read yet; 3 read, none a raise | $28.3Mas of Jun 30, 2025float may be out of date | +285% | 10-Q Jun 30DilutionEDGAR | |
6 months$6.9M cash$3.5M burn a quarteras of Jun 30, 2026S-1 filed since: Oct 27, 2026, new shares or resale not read yet; 3 8-Ks since not read yet; 2 read, neither a raise | $21.2Mas of Jun 30, 2025float may be out of date | +310%may include a split or new class | 10-Q Jun 30DilutionEDGAR | |
6 months$31.5M cash$16.0M burn a quarteras of Jun 30, 2026No 424B or S-1 filed since Jun 30, 2026; 3 8-Ks since not read yet | $40.4Mas of Jun 30, 2025 | +13% | 10-Q Jun 30DilutionEDGAR | |
6 months$2.2M cash$1.1M burn a quarteras of Jun 30, 2026No 424B or S-1 filed since Jun 30, 2026; 1 8-K since not read yet; 1 read, not a raise | $25.2Mas of Jun 30, 2025 | 0% | 10-Q Jun 30DilutionEDGAR | |
6 months$10.1M cash$5.0M burn a quarteras of Jun 30, 2026No 424B or S-1 filed since Jun 30, 2026; 9 8-Ks since not read yet; 2 read, neither a raise | $16.5Mas of Jun 30, 2025float may be out of date | +109% | 10-Q Jun 30DilutionEDGAR | |
6 monthsRaised since report$3.0M cash$1.5M burn a quarteras of Jun 30, 2026Raised since: Nov 3, 2026 8-K | $221Mas of Jun 30, 2025float may be out of date | +108% | 10-Q Jun 30DilutionEDGAR | |
6 monthsRaised since report$12.6M cash$6.1M burn a quarteras of Jun 30, 2026Raised since: Aug 17, 2026 424B5 | $21.3Mas of Jun 30, 2025 | +68% | 10-Q Jun 30DilutionEDGAR | |
6 monthsRaised since report$15.8M cash$7.5M burn a quarteras of Jun 30, 2026Raised since: Jul 17, 2026 424B5 | $207Mas of Jun 30, 2025 | +11% | 10-Q Jun 30DilutionEDGAR | |
6 months$17.8M cash$8.5M burn a quarteras of Jun 30, 2026No 424B or S-1 filed since Jun 30, 2026; 2 8-Ks since not read yet | $32.4Mas of Jun 30, 2025 | +15% | 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: 48 companies, with the reason
Cash is not tagged in the latest report, so there is no runway estimate. 20
- Aldeyra Therapeutics
- Inmune Bio
- MAIA Biotechnology
- CEL-SCI
- Exicure
- Traws Pharma
- Artelo Biosciences
- Adial Pharmaceuticals
- Cardio Diagnostics Holdings
- Xenetic Biosciences
- Creative Medical Technology Holdings
- Soligenix
- InMed Pharmaceuticals
- Cannabis Bioscience International Holdings
- ProtoKinetix
- Weed
- Agentix
- Nutra Pharma
- BioAdaptives
- Green Planet Bio Engineering
Operating cash flow for the last two quarters is not tagged, so there is no runway estimate. 15
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. 9
Runway is not meaningful for blank-check companies (SPACs), which hold their cash in trust. 3
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
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