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Institutional distribution: ownership decreased -0.64% quarter-over-quarter.
Data as of Q1 2026
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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 2026-08-05 · 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 |
|---|---|---|---|
| Revenue | $46.8M 100.0% | $2.0M 100.0% | $145K 100.0% |
| Research & Development | $11.2M 23.9% | $1.2M 57.3% | — |
| Selling, General & Admin | $90.4M 193.1% | $132.0M 6556.6% | $18.0M 12400.1% |
| Total Operating Expenses | $133.7M 285.6% | $140.5M 6979.4% | $26.2M 18029.1% |
| Operating Income | -$86.9M -185.6% | -$138.5M -6879.4% | -$26.0M -17929.1% |
| Interest Expense | $2.9M 6.2% | $10.6M 524.3% | $4.8M 3303.5% |
| Other Income (Expense), net | $466K 1.0% | $1.3M 64.1% | $125K 86.4% |
| Pretax Income | -$119.1M -254.6% | -$173.2M -8602.0% | -$30.7M -21146.1% |
| Income Tax Expense | -$17.7M -37.9% | $244K 12.1% | $63K 43.7% |
| Net Income | -$101.4M -216.7% | -$173.5M -8614.1% | -$30.7M -21189.9% |
| Per Share | |||
| EPS (Basic) | $-0.38 | $-1.06 | $-0.20 |
| EPS (Diluted) | $-0.38 | $-1.06 | $-0.20 |
| Weighted Avg Shares (Basic) | 268.0M | 163.7M | 151.3M |
| Weighted Avg Shares (Diluted) | 268.0M | 163.7M | 151.3M |
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.
4/8 of the 9 checks — 1 couldn't be scored (see above), so the score is out of the 8 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; leverage falling year-over-year.
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 -$63M 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 3 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: -25%. Rough measure (includes maintenance capex).
Cash uses aggregated from the SEC cash-flow statement over 3 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. Effective rate ~1.9% on $152M of debt.
Cash of $111M fully covers short-term debt of $102M.
Mostly short-term debt (balance-sheet current vs non-current split). A year-by-year maturity schedule wasn't disclosed for this issuer.
Debt, cash, interest and equity from the SEC balance sheet & income statement. Effective rate = interest ÷ average debt. Educational — not a recommendation.
EOD close · as of 2026-08-05
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
Profit and sales moved in opposite directions this year.
Each line as % of revenue — the trend in color
| % of revenue | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| R&D | — | 57.3 | 23.9 |
| SG&A | 12400.1 | 6556.6 | 193.1 |
| Operating Income | -17929.1 | -6879.4 | -185.6 |
| Income Tax | 43.7 | 12.1 | -37.9 |
| Net Income | -21189.9 | -8614.1 | -216.7 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on RZLVW: price, valuation, headline fundamentals, and an auto-generated scorecard from SEC filings. Flags are rule-based signals, not recommendations.
Top 40 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