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Institutional ownership roughly stable: -0.01% change quarter-over-quarter.
Data as of Q1 2026
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EOD close · as of 2026-08-05 · 44d old
How a revenue dollar becomes profit — FY2025
Each value shows its share of revenue below it (common-size).
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.0M 100.0% | $0 | $0 | $68.0M 100.0% | $145.3M 100.0% | $82.0M 100.0% | $0 | $19.6M 100.0% |
| Cost of Revenue | $17.0M 566.7% | $0 | $0 | — | — | — | — | — |
| Research & Development | $745.0M 24833.3% | $676.0M | $716.0M | $677.0M 995.6% | — | $697.0M 850.0% | $179.0M | $107.4M 547.8% |
| Selling, General & Admin | $142.0M 4733.3% | $110.0M | $119.0M | $129.0M 189.7% | — | $116.0M 141.5% | $39.0M | $25.6M 130.6% |
| Total Operating Expenses | — | $786.0M | $835.0M | $1.92B 2823.5% | — | $813.0M 991.5% | $218.0M | $133.1M 679.1% |
| Operating Income | -$901.0M -30033.3% | -$786.0M | -$835.0M | -$1.85B -2723.5% | — | -$731.0M -891.5% | -$218.0M | -$113.5M -579.1% |
| Other Income (Expense), net | $56.0M 1866.7% | $62.0M | $59.0M | $15.0M 22.1% | — | -$9.0M -11.0% | $4.0M | — |
| Pretax Income | -$816.0M -27200.0% | -$748.0M | -$796.0M | -$1.72B -2533.8% | — | -$760.0M -926.8% | -$214.0M | -$101.8M -519.6% |
| Income Tax Expense | $0 0.0% | $0 | $0 | $0 0.0% | — | -$5.0M -6.1% | $0 | -$7.8M -39.6% |
| Net Income | -$816.0M -27200.0% | -$748.0M | -$796.0M | -$1.72B -2533.8% | — | -$755.0M -920.7% | -$214.0M | -$94.1M -480.0% |
| Per Share | ||||||||
| EPS (Basic) | $-0.44 | $-0.46 | $-0.60 | $-1.51 | — | $-1.22 | $-0.79 | $-0.37 |
| EPS (Diluted) | $-0.44 | $-0.46 | $-0.60 | $-1.51 | — | $-1.22 | $-0.79 | $-0.37 |
| Weighted Avg Shares (Basic) | 1.84B | 1.62B | 1.33B | 1.14B | — | 621.0M | 271.0M | 254.4M |
| Weighted Avg Shares (Diluted) | 1.84B | 1.62B | 1.33B | 1.14B | — | 621.0M | 271.0M | 254.4M |
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.
Solve the discounted cash flow backwards, then stress-test the assumptions.
This company doesn't have positive free cash flow, so a reverse DCF can't be run.
Is the value real, and is the business safe? Academic scores + earnings quality + solvency, from SEC filings.
3/7 of the 9 checks — 2 couldn't be scored (see above), so the score is out of the 7 with data.
Safe > 2.99 · grey 1.81–2.99 · distress < 1.81
Needs granular two-year detail (receivables, PP&E, D&A, SG&A) — not fully reported.
Cash-conversion data unavailable. Lower/negative accruals = higher quality (Sloan).
Coverage data unavailable.
F-Score (0–9 fundamental momentum), Altman Z (distress risk), and Beneish M (earnings-manipulation screen) are academic models computed from the SEC filings. Screens and context — educational, not recommendations.
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 -$612M 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 8 years — and what it earned on reinvestment.
A cash-return story — far more went to shareholders than back into the business (mature, low-reinvestment).
Operating income fell despite reinvestment — a warning on capital productivity. Current ROIC on all capital: -38%. Rough measure (includes maintenance capex).
Cash uses aggregated from the SEC cash-flow statement over 8 fiscal years. "Return on reinvestment" is a rough proxy — operating-income change ÷ cumulative CapEx + M&A — and includes maintenance capex. Educational — not a recommendation.
How much the company owes, how it's trended, and how comfortably it's serviced.
Insufficient EBITDA/debt history.
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Interest expense isn't separately reported — often netted into “other income (expense), net.”
Cash vs short-term debt unavailable.
Short-term / long-term split not separately reported.
Debt, cash, interest and equity from the SEC balance sheet & income statement. Effective rate = interest ÷ average debt. Educational — not a recommendation.
Total shares institutions bought (green) vs sold (red) each quarter across all holders.
Inferred from quarter-over-quarter change in each fund's 13F position (new stakes count as buys, exits as sells). Not tick-level trades.
Top 25 institutional holders — bubble size is position value, color is the move since last quarter. Hover any holder for detail.
Drag any bubble to rearrange · size = dollar value of the position
Total return (dividends reinvested) vs the market, from quarter-end prices.
Above 0 = ahead of the S&P 500 since the window start; below 0 = behind. Rising means it's pulling ahead.
How far the stock fell below its prior peak. Deeper, longer drawdowns = a rougher ride to the same return.
Quarter-end, dividend-adjusted (total return). Beta & volatility from quarterly returns (annualized). Benchmark is the S&P 500 (SPY total return). Annual returns compound the quarters ending in each calendar year; the first and last years in a window may be partial. Past performance doesn't predict future results.
EOD close · as of 2026-08-05
No standout strengths flagged.
Where each multiple sits in its own 6-yr range · 46th pct blended
Dot = today · shaded = middle 50% · line = median. Lower percentile = cheaper vs its own 6-yr history.
Is the profit real, and how strong is the balance sheet?
FY2025 · every deduction from revenue to net income
DuPont — the three levers
Watch the leverage lever — a chunk of ROE comes from the balance sheet.
What the company owes vs. what it holds
Year-by-year maturities aren't in SEC companyfacts (footnote-only), so this shows the debt/cash structure and net leverage instead.
Latest year: profit growth vs revenue growth
Operating leverage needs meaningful revenue change.
Each line as % of revenue — the trend in color
| % of revenue | FY2019 | FY2020 | FY2021 | FY2022 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Cost of Revenue | — | — | — | — | — | — | — | 566.7 |
| R&D | 547.8 | — | 850.0 | — | 995.6 | — | — | 24833.3 |
| SG&A | 130.6 | — | 141.5 | — | 189.7 | — | — | 4733.3 |
| Operating Income | -579.1 | — | -891.5 | — | -2723.5 | — | — | -30033.3 |
| Income Tax | -39.6 | — | -6.1 | — | 0.0 | — | — | 0.0 |
| Net Income | -480.0 | — | -920.7 | — | -2533.8 | — | — | -27200.0 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on AUROW: price, valuation, headline fundamentals, and an auto-generated scorecard from SEC filings. Flags are rule-based signals, not recommendations.