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Strong institutional distribution: ownership decreased -5.50% 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.
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.
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
Is the value real, and is the business safe? Academic scores + earnings quality + solvency, from SEC filings.
2/7 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 -$58M 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 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: -164%. 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.
Cash of $27M covers the $10M due within a year 2.8× over. Scheduled principal only (excludes interest & revolver draws). As of 2024-09-30 (10-Q).
Insufficient EBITDA/debt history.
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Thin coverage — earnings barely cover interest. Interest last disclosed in FY2017 (no longer broken out).
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. Maturity ladder from the SEC long-term-debt repayment schedule. Educational — not a recommendation.
EOD close · as of 2026-09-17
Where each multiple sits in its own 9-yr range · 16th pct blended
Dot = today · shaded = middle 50% · line = median. Lower percentile = cheaper vs its own 9-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 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Cost of Revenue | 24.0 | 30.7 | 27.1 | 19.2 | 18.3 | 28.3 | — | — |
| Gross Profit | 76.0 | 65.2 | — | — | — | — | — | — |
| R&D | 81.7 | 45.9 | 24.9 | 21.7 | 29.1 | 40.6 | 28.9 | 22.5 |
| SG&A | 140.5 | 95.3 | 86.8 | 79.5 | 29.5 | 61.5 | 63.1 | 57.8 |
| Operating Income | -229.2 | -129.1 | -82.6 | -53.2 | -25.4 | -99.6 | -95.2 | -88.1 |
| Income Tax | 0.1 | -2.9 | 0.1 | 2.3 | 1.5 | -3.3 | -4.2 | -0.2 |
| Net Income | -225.9 | -125.0 | -83.0 | 56.1 | -17.1 | -58.6 | -40.4 | -121.2 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on VERI: price, valuation, headline fundamentals, and an auto-generated scorecard from SEC filings. Flags are rule-based signals, not recommendations.
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 | $92.2M 100.0% | $92.6M 100.0% | $100.0M 100.0% | $149.7M 100.0% | $115.3M 100.0% | $57.7M 100.0% | $49.6M 100.0% | $27.0M 100.0% | $14.4M 100.0% | $8.9M 100.0% |
| Cost of Revenue | — | — | $28.3M 28.3% | $27.4M 18.3% | $22.1M 19.2% | $15.7M 27.1% | $15.3M 30.7% | $6.5M 24.0% | $1.1M 7.4% | $1.6M 17.7% |
| Gross Profit | — | — | — | — | — | — | $32.4M 65.2% | $20.6M 76.0% | $13.3M 92.6% | $7.3M 82.3% |
| Research & Development | $20.7M 22.5% | $26.8M 28.9% | $40.6M 40.6% | $43.6M 29.1% | $25.1M 21.7% | $14.4M 24.9% | $22.8M 45.9% | $22.1M 81.7% | $14.0M 96.9% | $7.9M 88.7% |
| Selling, General & Admin | $53.3M 57.8% | $58.4M 63.1% | $61.5M 61.5% | $44.2M 29.5% | $91.7M 79.5% | $50.1M 86.8% | $47.3M 95.3% | $38.0M 140.5% | $31.4M 218.1% | $14.9M 167.6% |
| Total Operating Expenses | $173.4M 188.1% | $180.8M 195.2% | $199.6M 199.6% | $187.7M 125.4% | $176.7M 153.2% | $105.4M 182.6% | $96.4M 194.2% | $82.6M 305.2% | $60.1M 417.0% | $31.1M 349.2% |
| Operating Income | -$81.3M -88.1% | -$88.2M -95.2% | -$99.6M -99.6% | -$38.0M -25.4% | -$61.4M -53.2% | -$47.7M -82.6% | -$64.1M -129.1% | -$62.0M -229.2% | -$46.8M -324.4% | -$23.8M -266.9% |
| Interest Expense | — | — | — | — | — | — | — | — | $4.2M 29.4% | $3.9M 43.7% |
| Other Income (Expense), net | -$7.5M -8.1% | $84K 0.1% | $3.3M 3.3% | -$4.3M -2.9% | -$600K -0.5% | -$127K -0.2% | $541K 1.1% | $908K 3.4% | -$12.8M -89.0% | -$3.2M -35.8% |
| Pretax Income | -$112.0M -121.4% | -$100.2M -108.2% | -$69.0M -69.0% | -$23.2M -15.5% | -$62.0M -53.7% | -$47.8M -82.8% | -$63.5M -128.0% | -$61.1M -225.8% | -$59.6M -413.5% | -$27.0M -302.7% |
| Income Tax Expense | -$228K -0.2% | -$3.9M -4.2% | -$3.3M -3.3% | $2.3M 1.5% | $2.7M 2.3% | $76K 0.1% | -$1.5M -2.9% | $22K 0.1% | $6K 0.0% | $6K 0.1% |
| Net Income | -$111.7M -121.2% | -$37.4M -40.4% | -$58.6M -58.6% | -$25.6M -17.1% | $64.7M 56.1% | -$47.9M -83.0% | -$62.1M -125.0% | -$61.1M -225.9% | -$59.6M -413.5% | -$27.0M -302.8% |
| Per Share | ||||||||||
| EPS (Basic) | $-1.76 | $-0.98 | $-1.59 | $-0.71 | $-1.94 | — | — | — | — | — |
| EPS (Diluted) | $-1.76 | $-0.98 | $-1.59 | $-0.71 | $-1.94 | — | — | — | — | — |
| Weighted Avg Shares (Basic) | 63.3M | 38.0M | 36.9M | 36.0M | 33.3M | 27.6M | 21.8M | 17.7M | 10.5M | 2.2M |
| Weighted Avg Shares (Diluted) | 63.3M | 38.0M | 36.9M | 36.0M | — | — | — | — | — | — |
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.
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 | $11.16T | — | — | — | — | — | — | — | — | — | 3,121 |
| NVDA | $5.33T | 44.8× | 40.0× | 24.7× | 65.5% | 71.1% | 55.6% | 76.3% | 72.4% | 0.1× | 5,582 |
| AAPL | $4.98T | 45.2× | 34.8× | 12.0× | 6.4% | 46.9% | 26.9% | 152% | 68.1% | 0.6× | 5,858 |
| MSFT | $3.70T | 27.7× | 19.6× | 11.1× | 17.8% | 67.9% | 40.3% | 30.2% | 27.7% | 0.2× | 5,944 |
| AVGO | $1.65T | 72.8× | 65.1× | 25.8× | 23.9% | 67.8% | 36.2% | 28.4% | 15.8% | 2.5× | 4,442 |
| MU | $1.10T | 128.8× | 60.7× | 29.3× | 48.9% | 39.8% | 22.8% | 15.8% | 12.9% | 0.7× | 2,894 |
| AMD | $888.5B | 205.7× | 210.2× | 25.6× | 34.3% | 49.5% | 12.5% | 6.9% | 6.5% | 0.8× | 3,059 |
| INTC | $543.3B | — | 67.4× | 10.3× | -0.5% | 34.8% | -0.5% | -0.2% | -0.2% | 5.5× | 2,495 |
| CSCO | $436.6B | 43.2× | 36.6× | 7.7× | 5.3% | 64.9% | 18.0% | 21.7% | 13.6% | 2.3× | 3,560 |
| PLTR | $421.4B | 279.8× | 291.6× | 94.2× | 56.2% | 82.4% | 36.3% | 22.0% | 22.0% | — | 2,883 |
| DELL | $383.6B | 67.8× | 36.1× | 3.4× | 18.8% | 20.0% | 5.2% | -240% | 20.4% | 2.8× | 1,564 |
| LRCX | $341.7B | 64.9× | 54.5× | 18.5× | 23.7% | 48.7% | 29.1% | 54.3% | 37.4% | 0.7× | 2,500 |
| RPAY | $338.0B | — | — | 1092.8× | -1.2% | 75.0% | -83.0% | -53.0% | -28.2% | -1.7× | 142 |
| AMAT | $331.0B | 48.2× | 38.1× | 11.7× | 4.4% | 48.7% | 24.7% | 34.3% | 25.9% | 0.8× | 2,826 |
| UMC | $307.4B | — | — | — | — | — | — | — | — | — | 302 |
| ARM | $281.9B | 311.6× | 242.9× | 57.3× | 22.8% | 97.5% | 18.4% | 10.9% | 10.9% | — | 730 |
| SAP | $262.5B | — | — | — | — | — | — | — | — | — | 794 |
| ANET | $250.7B | 72.6× | 63.3× | 27.8× | 28.6% | 64.1% | 39.0% | 28.4% | 28.4% | — | 1,930 |
| PANW | $250.5B | 234.4× | 156.5× | 27.2× | 14.9% | 73.4% | 12.3% | 14.5% | 14.5% | — | 2,374 |
| SNDK | $235.7B | — | — | 32.0× | 10.4% | 30.1% | -22.3% | -17.8% | -14.8% | -1.5× | 1,127 |
| TXN | $234.6B | 47.4× | 30.9× | 13.3× | 13.0% | 57.0% | 28.3% | 30.7% | 16.5% | 1.8× | 2,345 |
| CRM | $225.6B | 31.1× | 24.4× | 5.4× | 9.6% | 77.7% | 18.0% | 12.6% | 10.1% | 1.5× | 2,547 |
| IBM | $222.8B | 21.3× | — | 3.3× | 7.6% | 58.2% | 15.7% | 32.4% | 11.3% | — | 3,351 |
| MRVL | $204.0B | 78.4× | 133.3× | 24.9× | 42.1% | 51.0% | 32.6% | 18.7% | 14.2% | 2.9× | 1,477 |
| QCOM | $202.7B | 37.7× | 15.2× | 4.6× | 13.7% | 55.4% | 12.5% | 26.1% | 15.4% | 1.1× | 2,611 |
| VERI | $100M | — | — | 1.1× | -0.5% | — | -121% | -164% | -164% | — | 96 |
Peers = companies sharing VERI'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.