SVRN, Inc. (NASDAQ:SVRN)
Insiders here have filed 2 Form 4s in the last 90 days, but all of them are share awards, grants or other non-market transactions. Those are compensation, not a decision to buy, so they are not scored.
Loses money on what it sells.
- Revenue
- $13.4M
- Net income
- -$65.2M
- Net margin
- -486.6%
Little or no net debt.
- Total debt
- $0
- Cash
- $33.2M
- Debt / equity
- 0.00
Comfortably covers what is due within a year.
- Current assets
- $118.8M
- Current liabilities
- $8.9M
- Current ratio
- 13.35
Roughly cash-neutral.
- Operating cash flow
- -$1.1M
- Free cash flow
- -$1.1M
- FCF margin
- -8.0%
Heavy dilution — shareholders are paying for the business.
- Shares outstanding
- 0.7M
- Share growth (1y)
- 137.3%
- Cash runway
- 372 months
Five pillars — profitability, leverage, liquidity, cash generation, dilution & runway — each scored 0–20 from the company’s own income statement, balance sheet and cash-flow statement, then scaled to 100. A pillar the statements cannot answer is left out rather than guessed; fewer than three and no score is shown.
SVRN Income Statement
| Fiscal Period | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 |
|---|---|---|---|---|---|---|
| Period Ending | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 |
| Revenue | 3.62 M | 3.62 M | 3.08 M | 3.08 M | 5.78 M | 7.50 M |
| Revenue Growth (YoY) | -37.36 % | -51.69 % | -54.30 % | -45.87 % | -0.46 % | 93.92 % |
| Cost of Revenue | 1.67 M | 1.67 M | 3.18 M | 3.18 M | 7.15 M | 5.81 M |
| Gross Profit | 1.95 M | 1.95 M | -101.50 K | -101.50 K | -1.36 M | 1.69 M |
| SG&A Expense | 11.43 M | 11.43 M | 1.87 M | 1.87 M | 1.37 M | 1.55 M |
| R&D Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Expenses | 12.32 M | 12.32 M | 5.22 M | 5.22 M | 6.72 M | 1.87 M |
| Operating Income | -10.37 M | -10.37 M | -5.33 M | -5.33 M | -8.09 M | -177.00 K |
| Pretax Income | -27.38 M | -27.38 M | -5.22 M | -5.22 M | -8.19 M | -162.00 K |
| Tax Provision | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Income | -27.38 M | -27.38 M | -5.22 M | -5.22 M | -8.19 M | -162.00 K |
| EPS (Basic) | -38.46 | -38.46 | -19.82 | -19.82 | -29.31 | -2.07 |
| EPS (Diluted) | -38.46 | -38.46 | -19.82 | -19.82 | -29.31 | -2.07 |
| Shares Outstanding | 711.85 K | 711.85 K | 263.36 K | 263.36 K | 299.99 K | 298.08 K |
Quarterly figures; YoY compares the same fiscal quarter a year earlier. Source: public market data.