{
  "ticker": {
    "uuid": "21cb6a99-92f1-4d05-b06c-f6466c361526",
    "symbol": "INV",
    "name": "Innventure, Inc.",
    "exchange": "NASDAQ",
    "exchange_name": "NASDAQ",
    "country": "US",
    "currency": "USD",
    "sector": "Financial Services",
    "industry": "Asset Management",
    "page_url": "https://sharemaestro.com/factors/ticker/21cb6a99-92f1-4d05-b06c-f6466c361526/",
    "api_url": "https://sharemaestro.com/factors/api/tickers/21cb6a99-92f1-4d05-b06c-f6466c361526/"
  },
  "latest_snapshot": {
    "ticker": {
      "uuid": "21cb6a99-92f1-4d05-b06c-f6466c361526",
      "symbol": "INV",
      "name": "Innventure, Inc.",
      "exchange": "NASDAQ",
      "exchange_name": "NASDAQ",
      "country": "US",
      "currency": "USD",
      "sector": "Financial Services",
      "industry": "Asset Management",
      "page_url": "https://sharemaestro.com/factors/ticker/21cb6a99-92f1-4d05-b06c-f6466c361526/",
      "api_url": "https://sharemaestro.com/factors/api/tickers/21cb6a99-92f1-4d05-b06c-f6466c361526/"
    },
    "week_end_date": "2026-07-26",
    "universe": "USD_US",
    "score": {
      "os": 0.05,
      "value": 0.26,
      "quality": 0.1,
      "momentum": 0.12,
      "coverage": 0.818,
      "confidence": 0.784,
      "delta": 0
    },
    "headline_factors": {
      "price": 2.89,
      "market_cap": 242889321.72,
      "pe_ratio": null,
      "earnings_yield": null,
      "ebitda_to_ev": null,
      "shareholder_yield": -0.1892,
      "roe": -0.7654,
      "piotroski_f_score": 4,
      "momentum_12_1": -0.024,
      "volatility_252d": 1.2086
    },
    "strategy_flags": {
      "market_leader": false,
      "cornerstone_value": false,
      "cornerstone_growth": false,
      "tiny_titan": false,
      "all_cap_buyback": false,
      "small_cap_core": false,
      "veiled_value": false,
      "earnings_consistent_5y": false
    },
    "factor_groups": {
      "valuation": {
        "pe_ratio": null,
        "ev_ebitda": null,
        "earnings_yield": null,
        "fcf_yield": -0.2018,
        "shareholder_yield": -0.1892
      },
      "quality": {
        "roe": -0.7654,
        "roic": -0.9836,
        "gross_margin": -6.2974,
        "fcf_margin": -30.1289,
        "piotroski_f_score": 4
      },
      "growth": {
        "revenue_growth_1y": 1.6844,
        "eps_growth_1y": null,
        "fcf_growth_1y": null
      },
      "momentum": {
        "price_return_12m": -0.422,
        "momentum_12_1": -0.024,
        "relative_strength": -0.6382
      },
      "scores": {
        "value_percentile": 0.26,
        "quality_percentile": 0.1,
        "momentum_percentile": 0.12,
        "growth_composite": 11,
        "yield_composite": 100,
        "overall_composite": 95,
        "os_score": 0.05,
        "factor_coverage": 0.818,
        "signal_confidence": 0.784
      }
    }
  },
  "factor_history": [
    {
      "week_end_date": "2026-06-07",
      "price": 5.85,
      "os": 0.06,
      "value": 0.23,
      "quality": 0.1,
      "momentum": 0.27,
      "confidence": 0.818,
      "coverage": 0.818,
      "pe_ratio": null,
      "earnings_yield": null,
      "shareholder_yield": -0.0935,
      "roe": -0.7654,
      "momentum_12_1": 0.1725
    },
    {
      "week_end_date": "2026-06-14",
      "price": 5.61,
      "os": 0.06,
      "value": 0.23,
      "quality": 0.1,
      "momentum": 0.31,
      "confidence": 0.818,
      "coverage": 0.818,
      "pe_ratio": null,
      "earnings_yield": null,
      "shareholder_yield": -0.0975,
      "roe": -0.7654,
      "momentum_12_1": 0.34
    },
    {
      "week_end_date": "2026-06-21",
      "price": 6.63,
      "os": 0.13,
      "value": 0.22,
      "quality": 0.1,
      "momentum": 0.7,
      "confidence": 0.818,
      "coverage": 0.818,
      "pe_ratio": null,
      "earnings_yield": null,
      "shareholder_yield": -0.0825,
      "roe": -0.7654,
      "momentum_12_1": 0.2505
    },
    {
      "week_end_date": "2026-06-28",
      "price": 4.88,
      "os": 0.06,
      "value": 0.24,
      "quality": 0.1,
      "momentum": 0.25,
      "confidence": 0.818,
      "coverage": 0.818,
      "pe_ratio": null,
      "earnings_yield": null,
      "shareholder_yield": -0.1121,
      "roe": -0.7654,
      "momentum_12_1": 0.1714
    },
    {
      "week_end_date": "2026-07-05",
      "price": 4.82,
      "os": 0.06,
      "value": 0.24,
      "quality": 0.11,
      "momentum": 0.29,
      "confidence": 0.811,
      "coverage": 0.818,
      "pe_ratio": null,
      "earnings_yield": null,
      "shareholder_yield": -0.1134,
      "roe": -0.7654,
      "momentum_12_1": 0.1878
    },
    {
      "week_end_date": "2026-07-12",
      "price": 5.01,
      "os": 0.16,
      "value": 0.24,
      "quality": 0.11,
      "momentum": 0.71,
      "confidence": 0.802,
      "coverage": 0.818,
      "pe_ratio": null,
      "earnings_yield": null,
      "shareholder_yield": -0.1091,
      "roe": -0.7654,
      "momentum_12_1": 0.2039
    },
    {
      "week_end_date": "2026-07-19",
      "price": 3.37,
      "os": 0.05,
      "value": 0.25,
      "quality": 0.1,
      "momentum": 0.21,
      "confidence": 0.793,
      "coverage": 0.818,
      "pe_ratio": null,
      "earnings_yield": null,
      "shareholder_yield": -0.1623,
      "roe": -0.7654,
      "momentum_12_1": 0.334
    },
    {
      "week_end_date": "2026-07-26",
      "price": 2.89,
      "os": 0.05,
      "value": 0.26,
      "quality": 0.1,
      "momentum": 0.12,
      "confidence": 0.784,
      "coverage": 0.818,
      "pe_ratio": null,
      "earnings_yield": null,
      "shareholder_yield": -0.1892,
      "roe": -0.7654,
      "momentum_12_1": -0.024
    }
  ],
  "financial_periods": {
    "annual": [
      {
        "period_end_date": "2025-12-31",
        "period_type": "annual",
        "fiscal_year": 2025,
        "fiscal_quarter": null,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 2056000,
          "cost_of_revenue": 41336000,
          "gross_profit": -39280000,
          "ebit": -479155000,
          "ebitda": -456649000,
          "pretax_income": -488833000,
          "tax_provision": -13483000,
          "net_income": -293317000,
          "net_income_to_common": -293317000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 60449000,
          "total_current_assets": 83154000,
          "total_assets": 599187000,
          "short_term_debt": 25067000,
          "long_term_debt": 8327000,
          "total_debt": 33394000,
          "total_liabilities": 115511000,
          "total_equity": 204214000,
          "shares_outstanding": 54420978,
          "goodwill_and_intangibles": 484000000
        },
        "cash_flow": {
          "operating_cash_flow": -80683000,
          "capital_expenditure": 1417000,
          "free_cash_flow": -79266000,
          "dividends_paid": 76000,
          "share_repurchases": null,
          "shares_issued": 12654000,
          "net_debt_issued": 55183000
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "annual",
        "fiscal_year": 2025,
        "fiscal_quarter": null,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 2056000,
          "cost_of_revenue": 41336000,
          "gross_profit": -39280000,
          "ebit": -479155000,
          "ebitda": -456649000,
          "pretax_income": -488833000,
          "tax_provision": -13483000,
          "net_income": -293317000,
          "net_income_to_common": -293317000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 60449000,
          "total_current_assets": 83154000,
          "total_assets": 599187000,
          "short_term_debt": 25067000,
          "long_term_debt": 8327000,
          "total_debt": 33394000,
          "total_liabilities": 115511000,
          "total_equity": 204214000,
          "shares_outstanding": 54420978,
          "goodwill_and_intangibles": 484000000
        },
        "cash_flow": {
          "operating_cash_flow": -80683000,
          "capital_expenditure": 1417000,
          "free_cash_flow": -79266000,
          "dividends_paid": 76000,
          "share_repurchases": null,
          "shares_issued": 12654000,
          "net_debt_issued": 55183000
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "annual",
        "fiscal_year": 2025,
        "fiscal_quarter": null,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 2056000,
          "cost_of_revenue": 41336000,
          "gross_profit": -39280000,
          "ebit": -479155000,
          "ebitda": -456649000,
          "pretax_income": -488833000,
          "tax_provision": -13483000,
          "net_income": -293317000,
          "net_income_to_common": -293317000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 60449000,
          "total_current_assets": 83154000,
          "total_assets": 599187000,
          "short_term_debt": 25067000,
          "long_term_debt": 8327000,
          "total_debt": 33394000,
          "total_liabilities": 115511000,
          "total_equity": 204214000,
          "shares_outstanding": 54420978,
          "goodwill_and_intangibles": 484000000
        },
        "cash_flow": {
          "operating_cash_flow": -80683000,
          "capital_expenditure": 1417000,
          "free_cash_flow": -79266000,
          "dividends_paid": 76000,
          "share_repurchases": null,
          "shares_issued": 12654000,
          "net_debt_issued": 55183000
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "annual",
        "fiscal_year": 2025,
        "fiscal_quarter": null,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 2056000,
          "cost_of_revenue": 41336000,
          "gross_profit": -39280000,
          "ebit": -479155000,
          "ebitda": -456649000,
          "pretax_income": -488833000,
          "tax_provision": -13483000,
          "net_income": -293317000,
          "net_income_to_common": -293317000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 60449000,
          "total_current_assets": 83154000,
          "total_assets": 599187000,
          "short_term_debt": 25067000,
          "long_term_debt": 8327000,
          "total_debt": 33394000,
          "total_liabilities": 115511000,
          "total_equity": 204214000,
          "shares_outstanding": 54420978,
          "goodwill_and_intangibles": 484000000
        },
        "cash_flow": {
          "operating_cash_flow": -80683000,
          "capital_expenditure": 1417000,
          "free_cash_flow": -79266000,
          "dividends_paid": 76000,
          "share_repurchases": null,
          "shares_issued": 12654000,
          "net_debt_issued": 55183000
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "annual",
        "fiscal_year": 2025,
        "fiscal_quarter": null,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 2056000,
          "cost_of_revenue": 41336000,
          "gross_profit": -39280000,
          "ebit": -479155000,
          "ebitda": -456649000,
          "pretax_income": -488833000,
          "tax_provision": -13483000,
          "net_income": -293317000,
          "net_income_to_common": -293317000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 60449000,
          "total_current_assets": 83154000,
          "total_assets": 599187000,
          "short_term_debt": 25067000,
          "long_term_debt": 8327000,
          "total_debt": 33394000,
          "total_liabilities": 115511000,
          "total_equity": 204214000,
          "shares_outstanding": 54420978,
          "goodwill_and_intangibles": 484000000
        },
        "cash_flow": {
          "operating_cash_flow": -80683000,
          "capital_expenditure": 1417000,
          "free_cash_flow": -79266000,
          "dividends_paid": 76000,
          "share_repurchases": null,
          "shares_issued": 12654000,
          "net_debt_issued": 55183000
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "annual",
        "fiscal_year": 2025,
        "fiscal_quarter": null,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 2056000,
          "cost_of_revenue": 41336000,
          "gross_profit": -39280000,
          "ebit": -479155000,
          "ebitda": -456649000,
          "pretax_income": -488833000,
          "tax_provision": -13483000,
          "net_income": -293317000,
          "net_income_to_common": -293317000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 60449000,
          "total_current_assets": 83154000,
          "total_assets": 599187000,
          "short_term_debt": 25067000,
          "long_term_debt": 8327000,
          "total_debt": 33394000,
          "total_liabilities": 115511000,
          "total_equity": 204214000,
          "shares_outstanding": 54420978,
          "goodwill_and_intangibles": 484000000
        },
        "cash_flow": {
          "operating_cash_flow": -80683000,
          "capital_expenditure": 1417000,
          "free_cash_flow": -79266000,
          "dividends_paid": 76000,
          "share_repurchases": null,
          "shares_issued": 12654000,
          "net_debt_issued": 55183000
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "annual",
        "fiscal_year": 2025,
        "fiscal_quarter": null,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 2056000,
          "cost_of_revenue": 41336000,
          "gross_profit": -39280000,
          "ebit": -479155000,
          "ebitda": -456649000,
          "pretax_income": -488833000,
          "tax_provision": -13483000,
          "net_income": -293317000,
          "net_income_to_common": -293317000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 60449000,
          "total_current_assets": 83154000,
          "total_assets": 599187000,
          "short_term_debt": 25067000,
          "long_term_debt": 8327000,
          "total_debt": 33394000,
          "total_liabilities": 115511000,
          "total_equity": 204214000,
          "shares_outstanding": 54420978,
          "goodwill_and_intangibles": 484000000
        },
        "cash_flow": {
          "operating_cash_flow": -80683000,
          "capital_expenditure": 1417000,
          "free_cash_flow": -79266000,
          "dividends_paid": 76000,
          "share_repurchases": null,
          "shares_issued": 12654000,
          "net_debt_issued": 55183000
        }
      },
      {
        "period_end_date": "2024-12-31",
        "period_type": "annual",
        "fiscal_year": 2024,
        "fiscal_quarter": null,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 1220000,
          "cost_of_revenue": 4529000,
          "gross_profit": -3309000,
          "ebit": -98709000,
          "ebitda": -93108000,
          "pretax_income": -101141000,
          "tax_provision": -2850000,
          "net_income": -78190000,
          "net_income_to_common": -78190000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 11119000,
          "total_current_assets": 24286000,
          "total_assets": 905289000,
          "short_term_debt": 14625000,
          "long_term_debt": 13654000,
          "total_debt": 28279000,
          "total_liabilities": 138996000,
          "total_equity": 425516000,
          "shares_outstanding": 44597154,
          "goodwill_and_intangibles": 850089000
        },
        "cash_flow": {
          "operating_cash_flow": -48062000,
          "capital_expenditure": 1002000,
          "free_cash_flow": -47060000,
          "dividends_paid": 663000,
          "share_repurchases": null,
          "shares_issued": 28505000,
          "net_debt_issued": 25787000
        }
      }
    ],
    "quarterly": [
      {
        "period_end_date": "2026-03-31",
        "period_type": "quarterly",
        "fiscal_year": 2026,
        "fiscal_quarter": 1,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 1443000,
          "cost_of_revenue": 5253000,
          "gross_profit": -3810000,
          "ebit": -29833000,
          "ebitda": -24162000,
          "pretax_income": -30822000,
          "tax_provision": -10108000,
          "net_income": -20714000,
          "net_income_to_common": -20714000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 55367000,
          "total_current_assets": 81824000,
          "total_assets": 591483000,
          "short_term_debt": 19765000,
          "long_term_debt": 6940000,
          "total_debt": 26705000,
          "total_liabilities": 93334000,
          "total_equity": 223445000,
          "shares_outstanding": 54420978,
          "goodwill_and_intangibles": 478596000
        },
        "cash_flow": {
          "operating_cash_flow": -34031000,
          "capital_expenditure": 846000,
          "free_cash_flow": -33185000,
          "dividends_paid": 0,
          "share_repurchases": 0,
          "shares_issued": 37207000,
          "net_debt_issued": -7412000
        }
      },
      {
        "period_end_date": "2026-03-31",
        "period_type": "quarterly",
        "fiscal_year": 2026,
        "fiscal_quarter": 1,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 1443000,
          "cost_of_revenue": 5253000,
          "gross_profit": -3810000,
          "ebit": -29833000,
          "ebitda": -24162000,
          "pretax_income": -30822000,
          "tax_provision": -10108000,
          "net_income": -20714000,
          "net_income_to_common": -20714000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 55367000,
          "total_current_assets": 81824000,
          "total_assets": 591483000,
          "short_term_debt": 19765000,
          "long_term_debt": 6940000,
          "total_debt": 26705000,
          "total_liabilities": 93334000,
          "total_equity": 223445000,
          "shares_outstanding": 54420978,
          "goodwill_and_intangibles": 478596000
        },
        "cash_flow": {
          "operating_cash_flow": -34031000,
          "capital_expenditure": 846000,
          "free_cash_flow": -33185000,
          "dividends_paid": 0,
          "share_repurchases": 0,
          "shares_issued": 37207000,
          "net_debt_issued": -7412000
        }
      },
      {
        "period_end_date": "2026-03-31",
        "period_type": "quarterly",
        "fiscal_year": 2026,
        "fiscal_quarter": 1,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 1443000,
          "cost_of_revenue": 5253000,
          "gross_profit": -3810000,
          "ebit": -29833000,
          "ebitda": -24162000,
          "pretax_income": -30822000,
          "tax_provision": -10108000,
          "net_income": -20714000,
          "net_income_to_common": -20714000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 55367000,
          "total_current_assets": 81824000,
          "total_assets": 591483000,
          "short_term_debt": 19765000,
          "long_term_debt": 6940000,
          "total_debt": 26705000,
          "total_liabilities": 93334000,
          "total_equity": 223445000,
          "shares_outstanding": 54420978,
          "goodwill_and_intangibles": 478596000
        },
        "cash_flow": {
          "operating_cash_flow": -34031000,
          "capital_expenditure": 846000,
          "free_cash_flow": -33185000,
          "dividends_paid": 0,
          "share_repurchases": 0,
          "shares_issued": 37207000,
          "net_debt_issued": -7412000
        }
      },
      {
        "period_end_date": "2026-03-31",
        "period_type": "quarterly",
        "fiscal_year": 2026,
        "fiscal_quarter": 1,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 1443000,
          "cost_of_revenue": 5253000,
          "gross_profit": -3810000,
          "ebit": -29833000,
          "ebitda": -24162000,
          "pretax_income": -30822000,
          "tax_provision": -10108000,
          "net_income": -20714000,
          "net_income_to_common": -20714000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 55367000,
          "total_current_assets": 81824000,
          "total_assets": 591483000,
          "short_term_debt": 19765000,
          "long_term_debt": 6940000,
          "total_debt": 26705000,
          "total_liabilities": 93334000,
          "total_equity": 223445000,
          "shares_outstanding": 54420978,
          "goodwill_and_intangibles": 478596000
        },
        "cash_flow": {
          "operating_cash_flow": -34031000,
          "capital_expenditure": 846000,
          "free_cash_flow": -33185000,
          "dividends_paid": 0,
          "share_repurchases": 0,
          "shares_issued": 37207000,
          "net_debt_issued": -7412000
        }
      },
      {
        "period_end_date": "2026-03-31",
        "period_type": "quarterly",
        "fiscal_year": 2026,
        "fiscal_quarter": 1,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 1443000,
          "cost_of_revenue": 5253000,
          "gross_profit": -3810000,
          "ebit": -29833000,
          "ebitda": -24162000,
          "pretax_income": -30822000,
          "tax_provision": -10108000,
          "net_income": -20714000,
          "net_income_to_common": -20714000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 55367000,
          "total_current_assets": 81824000,
          "total_assets": 591483000,
          "short_term_debt": 19765000,
          "long_term_debt": 6940000,
          "total_debt": 26705000,
          "total_liabilities": 93334000,
          "total_equity": 223445000,
          "shares_outstanding": 54420978,
          "goodwill_and_intangibles": 478596000
        },
        "cash_flow": {
          "operating_cash_flow": -34031000,
          "capital_expenditure": 846000,
          "free_cash_flow": -33185000,
          "dividends_paid": 0,
          "share_repurchases": 0,
          "shares_issued": 37207000,
          "net_debt_issued": -7412000
        }
      },
      {
        "period_end_date": "2026-03-31",
        "period_type": "quarterly",
        "fiscal_year": 2026,
        "fiscal_quarter": 1,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 1443000,
          "cost_of_revenue": 5253000,
          "gross_profit": -3810000,
          "ebit": -29833000,
          "ebitda": -24162000,
          "pretax_income": -30822000,
          "tax_provision": -10108000,
          "net_income": -20714000,
          "net_income_to_common": -20714000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 55367000,
          "total_current_assets": 81824000,
          "total_assets": 591483000,
          "short_term_debt": 19765000,
          "long_term_debt": 6940000,
          "total_debt": 26705000,
          "total_liabilities": 93334000,
          "total_equity": 223445000,
          "shares_outstanding": 54420978,
          "goodwill_and_intangibles": 478596000
        },
        "cash_flow": {
          "operating_cash_flow": -34031000,
          "capital_expenditure": 846000,
          "free_cash_flow": -33185000,
          "dividends_paid": 0,
          "share_repurchases": 0,
          "shares_issued": 37207000,
          "net_debt_issued": -7412000
        }
      },
      {
        "period_end_date": "2026-03-31",
        "period_type": "quarterly",
        "fiscal_year": 2026,
        "fiscal_quarter": 1,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 1443000,
          "cost_of_revenue": 5253000,
          "gross_profit": -3810000,
          "ebit": -27297000,
          "ebitda": -27297000,
          "pretax_income": -30822000,
          "tax_provision": -10108000,
          "net_income": -20714000,
          "net_income_to_common": -20714000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 55367000,
          "total_current_assets": 81824000,
          "total_assets": 591483000,
          "short_term_debt": 19765000,
          "long_term_debt": 6940000,
          "total_debt": 6940000,
          "total_liabilities": 93334000,
          "total_equity": 223445000,
          "shares_outstanding": 54420978,
          "goodwill_and_intangibles": 478596000
        },
        "cash_flow": {
          "operating_cash_flow": -34031000,
          "capital_expenditure": 846000,
          "free_cash_flow": -33185000,
          "dividends_paid": 0,
          "share_repurchases": 0,
          "shares_issued": 37207000,
          "net_debt_issued": -7412000
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "quarterly",
        "fiscal_year": 2025,
        "fiscal_quarter": 4,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 822000,
          "cost_of_revenue": 6000000,
          "gross_profit": -5178000,
          "ebit": -49835000,
          "ebitda": -44149000,
          "pretax_income": -51927000,
          "tax_provision": -6261000,
          "net_income": -37761000,
          "net_income_to_common": -37761000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 60449000,
          "total_current_assets": 83154000,
          "total_assets": 599187000,
          "short_term_debt": 25067000,
          "long_term_debt": 8327000,
          "total_debt": 33394000,
          "total_liabilities": 115511000,
          "total_equity": 204214000,
          "shares_outstanding": 54420978,
          "goodwill_and_intangibles": 484000000
        },
        "cash_flow": {
          "operating_cash_flow": -24355000,
          "capital_expenditure": 46000,
          "free_cash_flow": -24309000,
          "dividends_paid": 102000,
          "share_repurchases": null,
          "shares_issued": 8979000,
          "net_debt_issued": 1760000
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "quarterly",
        "fiscal_year": 2025,
        "fiscal_quarter": 4,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 822000,
          "cost_of_revenue": 6000000,
          "gross_profit": -5178000,
          "ebit": -49835000,
          "ebitda": -44149000,
          "pretax_income": -51927000,
          "tax_provision": -6261000,
          "net_income": -37761000,
          "net_income_to_common": -37761000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 60449000,
          "total_current_assets": 83154000,
          "total_assets": 599187000,
          "short_term_debt": 25067000,
          "long_term_debt": 8327000,
          "total_debt": 33394000,
          "total_liabilities": 115511000,
          "total_equity": 204214000,
          "shares_outstanding": 54420978,
          "goodwill_and_intangibles": 484000000
        },
        "cash_flow": {
          "operating_cash_flow": -24355000,
          "capital_expenditure": 46000,
          "free_cash_flow": -24309000,
          "dividends_paid": 102000,
          "share_repurchases": null,
          "shares_issued": 8979000,
          "net_debt_issued": 1760000
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "quarterly",
        "fiscal_year": 2025,
        "fiscal_quarter": 4,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 822000,
          "cost_of_revenue": 6000000,
          "gross_profit": -5178000,
          "ebit": -49835000,
          "ebitda": -44149000,
          "pretax_income": -51927000,
          "tax_provision": -6261000,
          "net_income": -37761000,
          "net_income_to_common": -37761000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 60449000,
          "total_current_assets": 83154000,
          "total_assets": 599187000,
          "short_term_debt": 25067000,
          "long_term_debt": 8327000,
          "total_debt": 33394000,
          "total_liabilities": 115511000,
          "total_equity": 204214000,
          "shares_outstanding": 54420978,
          "goodwill_and_intangibles": 484000000
        },
        "cash_flow": {
          "operating_cash_flow": -24355000,
          "capital_expenditure": 46000,
          "free_cash_flow": -24309000,
          "dividends_paid": 102000,
          "share_repurchases": null,
          "shares_issued": 8979000,
          "net_debt_issued": 1760000
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "quarterly",
        "fiscal_year": 2025,
        "fiscal_quarter": 4,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 822000,
          "cost_of_revenue": 6000000,
          "gross_profit": -5178000,
          "ebit": -49835000,
          "ebitda": -44149000,
          "pretax_income": -51927000,
          "tax_provision": -6261000,
          "net_income": -37761000,
          "net_income_to_common": -37761000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 60449000,
          "total_current_assets": 83154000,
          "total_assets": 599187000,
          "short_term_debt": 25067000,
          "long_term_debt": 8327000,
          "total_debt": 33394000,
          "total_liabilities": 115511000,
          "total_equity": 204214000,
          "shares_outstanding": 54420978,
          "goodwill_and_intangibles": 484000000
        },
        "cash_flow": {
          "operating_cash_flow": -24355000,
          "capital_expenditure": 46000,
          "free_cash_flow": -24309000,
          "dividends_paid": 102000,
          "share_repurchases": null,
          "shares_issued": 8979000,
          "net_debt_issued": 1760000
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "quarterly",
        "fiscal_year": 2025,
        "fiscal_quarter": 4,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 822000,
          "cost_of_revenue": 6000000,
          "gross_profit": -5178000,
          "ebit": -49835000,
          "ebitda": -44149000,
          "pretax_income": -51927000,
          "tax_provision": -6261000,
          "net_income": -37761000,
          "net_income_to_common": -37761000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 60449000,
          "total_current_assets": 83154000,
          "total_assets": 599187000,
          "short_term_debt": 25067000,
          "long_term_debt": 8327000,
          "total_debt": 33394000,
          "total_liabilities": 115511000,
          "total_equity": 204214000,
          "shares_outstanding": 54420978,
          "goodwill_and_intangibles": 484000000
        },
        "cash_flow": {
          "operating_cash_flow": -24355000,
          "capital_expenditure": 46000,
          "free_cash_flow": -24309000,
          "dividends_paid": 102000,
          "share_repurchases": null,
          "shares_issued": 8979000,
          "net_debt_issued": 1760000
        }
      }
    ]
  },
  "strategy_matches": [
    {
      "key": "sector_relative",
      "name": "Cheapest in Sector",
      "slug": "sector-relative",
      "group": "value",
      "page_url": "/factors/sector-relative/"
    },
    {
      "key": "capital_allocators",
      "name": "Capital Allocators",
      "slug": "capital-allocators",
      "group": "quality",
      "page_url": "/factors/capital-allocators/"
    },
    {
      "key": "risk_adj_momentum",
      "name": "Risk-Adjusted Momentum",
      "slug": "risk-adj-momentum",
      "group": "momentum",
      "page_url": "/factors/risk-adj-momentum/"
    },
    {
      "key": "shareholder_yield",
      "name": "Shareholder Yield",
      "slug": "shareholder-yield",
      "group": "income",
      "page_url": "/factors/shareholder-yield/"
    }
  ],
  "coverage": {
    "factor_history_points": 8,
    "annual_financial_periods": 8,
    "quarterly_financial_periods": 12,
    "latest_factor_week": "2026-07-26",
    "latest_financials_period_end": "2026-03-31"
  },
  "schema": {
    "public_fields_only": true
  }
}