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Institutional ownership roughly stable: +0.00% change quarter-over-quarter.
Data as of Q1 2026
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Top 8 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 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.
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.
EOD close · as of 2026-09-17
How a revenue dollar becomes profit — FY2025
Each value shows its share of revenue below it (common-size).
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.8M 100.0% | $2.1M 100.0% | $21.7M 100.0% | $23.9M 100.0% | $25.1M 100.0% | $369K 100.0% | $941K 100.0% | $889K 100.0% | $10.5M 100.0% | $34.4M 100.0% |
| Cost of Revenue | $3.4M 89.3% | $876K 41.5% | $20.6M 94.8% | — | $23.2M 92.8% | $35K 9.5% | $491K 52.2% | $975K 109.7% | $8.7M 83.4% | $25.2M 73.3% |
| Cost of Products | — | — | — | — | — | — | — | — | $8.7M 83.4% | $25.2M 73.3% |
| Gross Profit | $408K 10.7% | $1.2M 58.5% | $1.1M 5.2% | $5.4M 22.6% | $1.8M 7.2% | $334K 90.5% | $450K 47.8% | -$86K -9.7% | $1.7M 16.6% | $9.2M 26.7% |
| Research & Development | — | $313K 14.8% | $340K 1.6% | $2.7M 11.2% | $698K 2.8% | — | — | — | — | — |
| Selling, General & Admin | $4.3M 113.4% | $4.7M 222.4% | $7.2M 33.4% | $185K 0.8% | $58K 0.2% | $1K 0.4% | $1.7M 183.9% | $11.9M 1344.1% | $10.4M 99.6% | $5.0M 14.6% |
| Total Operating Expenses | $34.4M 898.6% | $34.1M 1613.9% | $24.7M 113.9% | $22.2M 93.0% | $15.0M 59.9% | $15.4M 4171.2% | $8.0M 853.6% | $190.4M 21428.7% | $100.8M 963.6% | $6.9M 20.2% |
| Operating Income | -$34.0M -888.0% | -$32.9M -1555.3% | -$23.6M -108.7% | -$16.8M -70.4% | -$13.2M -52.7% | -$15.0M -4080.7% | -$7.6M -805.8% | -$190.5M -21438.4% | -$99.1M -947.0% | $2.2M 6.5% |
| Interest Expense | $128K 3.3% | $108K 5.1% | $892 0.0% | — | — | — | $7.3M 775.7% | — | — | $1.7M 4.8% |
| Interest & Investment Income | $62K 1.6% | $691K 32.7% | $1.3M 6.1% | $1.3M 5.5% | — | — | $4K 0.4% | $1K 0.2% | $2K 0.0% | $159K 0.5% |
| Other Income (Expense), net | $3.1M 79.9% | -$853K -40.4% | -$9.2M -42.5% | $3.3M 13.9% | $1.5M 5.8% | -$15.2M -4130.2% | -$3.5M -374.7% | $765K 86.0% | -$2.9M -28.2% | -$1.3M -3.7% |
| Pretax Income | -$30.9M -808.0% | -$33.7M -1595.7% | -$32.8M -151.3% | -$13.5M -56.5% | -$11.7M -46.9% | -$30.3M -8210.9% | -$11.1M -1180.5% | -$189.8M -21352.4% | -$102.0M -975.2% | $968K 2.8% |
| Income Tax Expense | — | — | — | $457K 1.9% | $73K 0.3% | — | — | $237 0.0% | $266K 2.5% | $1.6M 4.7% |
| Net Income | -$4.6M -120.6% | -$33.0M -1558.6% | -$33.7M -155.1% | -$13.6M -57.1% | $14.2M 56.7% | -$88.9M -24118.3% | -$27.1M -2876.8% | -$170.0M -19129.4% | -$102.6M -980.4% | -$5.3M -15.4% |
| Per Share | ||||||||||
| EPS (Basic) | $-2.31 | $-62.99 | $-2.28 | $-0.95 | — | — | $-0.79 | $-7.85 | $-21.11 | $-1.41 |
| EPS (Diluted) | $-2.31 | $-63.00 | $-2.27 | $-0.95 | $-1.00 | $2.33 | $-0.80 | $-7.74 | $-18.34 | $-1.41 |
| Weighted Avg Shares (Basic) | 2.0M | 523K | 14.7M | 14.3M | 13.1M | 38.1M | 32.0M | 21.6M | 4.9M | 3.9M |
| Weighted Avg Shares (Diluted) | 2.0M | 524K | 14.8M | 14.5M | 13.6M | 43.1M | 32.0M | 22.0M | 5.6M | 3.9M |
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.
Is the value real, and is the business safe? Academic scores + earnings quality + solvency, from SEC filings.
3/6 of the 9 checks — 3 couldn't be scored (see above), so the score is out of the 6 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).
Interest coverage is thin — monitor.
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.
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 10 years — and what it earned on reinvestment.
A reinvestment story — most cash went back into growth rather than to shareholders.
Operating income fell despite reinvestment — a warning on capital productivity. Current ROIC on all capital: -11%. Rough measure (includes maintenance capex).
Cash uses aggregated from the SEC cash-flow statement over 10 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).
Thin coverage — earnings barely cover interest.
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 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 2026-09-17
No standout strengths flagged.
Where each multiple sits in its own 14-yr range · 0th pct blended
Dot = today · shaded = middle 50% · line = median. Lower percentile = cheaper vs its own 14-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
Low operating leverage — profit tracks sales closely (stable, less cyclical).
Each line as % of revenue — the trend in color
| % of revenue | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Cost of Revenue | 109.7 | 52.2 | 9.5 | 92.8 | — | 94.8 | 41.5 | 89.3 |
| Gross Profit | -9.7 | 47.8 | 90.5 | 7.2 | 22.6 | 5.2 | 58.5 | 10.7 |
| R&D | — | — | — | 2.8 | 11.2 | 1.6 | 14.8 | — |
| SG&A | 1344.1 | 183.9 | 0.4 | 0.2 | 0.8 | 33.4 | 222.4 | 113.4 |
| Operating Income | -21438.4 | -805.8 | -4080.7 | -52.7 | -70.4 | -108.7 | -1555.3 | -888.0 |
| Income Tax | 0.0 | — | — | 0.3 | 1.9 | — | — | — |
| Net Income | -19129.4 | -2876.8 | -24118.3 | 56.7 | -57.1 | -155.1 | -1558.6 | -120.6 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on FTFT: price, valuation, headline fundamentals, and an auto-generated scorecard from SEC filings. Flags are rule-based signals, not recommendations.
Ranked against 743 sector peers with collected financials. Valuation from latest close × latest fiscal-year fundamentals; 13F conviction as of 2026-03-31.
Percentile is “goodness” within the peer set (100 = best). For valuation and leverage that means cheaper / less-levered ranks higher.
| Company | Mkt cap ▼ | P/E | EV/EBITDA | P/S | Rev gr | Gross | Net | ROE | ROIC | Net D/EBITDA | 13F |
|---|---|---|---|---|---|---|---|---|---|---|---|
| TSM | $10.83T | — | — | — | — | — | — | — | — | — | 3,121 |
| NVDA | $5.20T | 43.6× | 39.0× | 24.1× | 65.5% | 71.1% | 55.6% | 76.3% | 72.4% | 0.1× | 5,582 |
| AAPL | $4.91T | 44.6× | 34.3× | 11.8× | 6.4% | 46.9% | 26.9% | 152% | 68.1% | 0.6× | 5,858 |
| MSFT | $3.64T | 27.3× | 19.3× | 11.0× | 17.8% | 67.9% | 40.3% | 30.2% | 27.7% | 0.2× | 5,944 |
| AVGO | $1.61T | 71.2× | 63.6× | 25.2× | 23.9% | 67.8% | 36.2% | 28.4% | 15.8% | 2.5× | 4,442 |
| MU | $1.04T | 122.1× | 57.5× | 27.8× | 48.9% | 39.8% | 22.8% | 15.8% | 12.9% | 0.7× | 2,894 |
| AMD | $835.4B | 193.4× | 197.6× | 24.1× | 34.3% | 49.5% | 12.5% | 6.9% | 6.5% | 0.8× | 3,059 |
| INTC | $504.6B | — | 62.9× | 9.6× | -0.5% | 34.8% | -0.5% | -0.2% | -0.2% | 5.5× | 2,495 |
| CSCO | $426.7B | 42.3× | 35.8× | 7.5× | 5.3% | 64.9% | 18.0% | 21.7% | 13.6% | 2.3× | 3,560 |
| PLTR | $416.9B | 276.7× | 288.5× | 93.2× | 56.2% | 82.4% | 36.3% | 22.0% | 22.0% | — | 2,883 |
| DELL | $367.3B | 64.9× | 34.6× | 3.2× | 18.8% | 20.0% | 5.2% | -240% | 20.4% | 2.8× | 1,564 |
| LRCX | $341.6B | 64.9× | 54.5× | 18.5× | 23.7% | 48.7% | 29.1% | 54.3% | 37.4% | 0.7× | 2,500 |
| AMAT | $329.4B | 48.0× | 37.9× | 11.6× | 4.4% | 48.7% | 24.7% | 34.3% | 25.9% | 0.8× | 2,826 |
| RPAY | $325.1B | — | — | 1051.3× | -1.2% | 75.0% | -83.0% | -53.0% | -28.2% | -1.7× | 142 |
| UMC | $283.0B | — | — | — | — | — | — | — | — | — | 302 |
| SAP | $261.9B | — | — | — | — | — | — | — | — | — | 794 |
| ARM | $259.6B | 287.0× | 223.6× | 52.8× | 22.8% | 97.5% | 18.4% | 10.9% | 10.9% | — | 730 |
| PANW | $250.9B | 234.8× | 156.8× | 27.2× | 14.9% | 73.4% | 12.3% | 14.5% | 14.5% | — | 2,374 |
| ANET | $248.2B | 71.8× | 62.7× | 27.6× | 28.6% | 64.1% | 39.0% | 28.4% | 28.4% | — | 1,930 |
| TXN | $236.9B | 47.8× | 31.2× | 13.4× | 13.0% | 57.0% | 28.3% | 30.7% | 16.5% | 1.8× | 2,345 |
| CRM | $232.8B | 32.1× | 25.2× | 5.6× | 9.6% | 77.7% | 18.0% | 12.6% | 10.1% | 1.5× | 2,547 |
| IBM | $222.5B | 21.3× | — | 3.3× | 7.6% | 58.2% | 15.7% | 32.4% | 11.3% | — | 3,351 |
| SNDK | $221.9B | — | — | 30.2× | 10.4% | 30.1% | -22.3% | -17.8% | -14.8% | -1.5× | 1,127 |
| QCOM | $198.5B | 36.9× | 14.9× | 4.5× | 13.7% | 55.4% | 12.5% | 26.1% | 15.4% | 1.1× | 2,611 |
| MRVL | $194.6B | 74.8× | 127.2× | 23.8× | 42.1% | 51.0% | 32.6% | 18.7% | 14.2% | 2.9× | 1,477 |
| FTFT | $35M | — | — | 9.2× | 81.1% | 10.7% | -121% | -10.5% | -10.5% | — | 8 |
Peers = companies sharing FTFT's sector (Technology) with collected SEC financials. Multiples use the most recent end-of-day close and latest fiscal-year fundamentals (trailing, not forward). Missing cells mean the peer never reported that line item, has no collected price, or has a non-positive denominator. Not investment advice.