{
  "ticker": {
    "uuid": "35d4670e-34bd-4253-bb17-51a7e7d88fcc",
    "symbol": "JBIO",
    "name": "Jade Biosciences, Inc.",
    "exchange": "NASDAQ",
    "exchange_name": "NASDAQ",
    "country": "US",
    "currency": "USD",
    "sector": "Healthcare",
    "industry": "Biotechnology",
    "page_url": "https://sharemaestro.com/factors/ticker/35d4670e-34bd-4253-bb17-51a7e7d88fcc/",
    "api_url": "https://sharemaestro.com/factors/api/tickers/35d4670e-34bd-4253-bb17-51a7e7d88fcc/"
  },
  "latest_snapshot": {
    "ticker": {
      "uuid": "35d4670e-34bd-4253-bb17-51a7e7d88fcc",
      "symbol": "JBIO",
      "name": "Jade Biosciences, Inc.",
      "exchange": "NASDAQ",
      "exchange_name": "NASDAQ",
      "country": "US",
      "currency": "USD",
      "sector": "Healthcare",
      "industry": "Biotechnology",
      "page_url": "https://sharemaestro.com/factors/ticker/35d4670e-34bd-4253-bb17-51a7e7d88fcc/",
      "api_url": "https://sharemaestro.com/factors/api/tickers/35d4670e-34bd-4253-bb17-51a7e7d88fcc/"
    },
    "week_end_date": "2026-07-26",
    "universe": "USD_US",
    "score": {
      "os": 0.54,
      "value": 0.51,
      "quality": 0.49,
      "momentum": 0.51,
      "coverage": 0.667,
      "confidence": 0.639,
      "delta": 0
    },
    "headline_factors": {
      "price": 20.08,
      "market_cap": 1222066290,
      "pe_ratio": null,
      "earnings_yield": null,
      "ebitda_to_ev": null,
      "shareholder_yield": -0.1547,
      "roe": -0.4372,
      "piotroski_f_score": 2,
      "momentum_12_1": 1.657,
      "volatility_252d": 0.6956
    },
    "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": -0.0995,
        "shareholder_yield": -0.1547
      },
      "quality": {
        "roe": -0.4372,
        "roic": -0.4014,
        "gross_margin": null,
        "fcf_margin": null,
        "piotroski_f_score": 2
      },
      "growth": {
        "revenue_growth_1y": null,
        "eps_growth_1y": null,
        "fcf_growth_1y": null
      },
      "momentum": {
        "price_return_12m": 1.4251,
        "momentum_12_1": 1.657,
        "relative_strength": 1.2089
      },
      "scores": {
        "value_percentile": 0.51,
        "quality_percentile": 0.49,
        "momentum_percentile": 0.51,
        "growth_composite": 49,
        "yield_composite": 49,
        "overall_composite": 46,
        "os_score": 0.54,
        "factor_coverage": 0.667,
        "signal_confidence": 0.639
      }
    }
  },
  "factor_history": [
    {
      "week_end_date": "2026-06-07",
      "price": 16.94,
      "os": 0.35,
      "value": 0.43,
      "quality": 0.41,
      "momentum": 0.42,
      "confidence": 0.667,
      "coverage": 0.667,
      "pe_ratio": null,
      "earnings_yield": null,
      "shareholder_yield": -0.1881,
      "roe": -0.4372,
      "momentum_12_1": 2.5897
    },
    {
      "week_end_date": "2026-06-14",
      "price": 15.34,
      "os": 0.33,
      "value": 0.42,
      "quality": 0.4,
      "momentum": 0.41,
      "confidence": 0.667,
      "coverage": 0.667,
      "pe_ratio": null,
      "earnings_yield": null,
      "shareholder_yield": -0.2026,
      "roe": -0.4372,
      "momentum_12_1": 2.4549
    },
    {
      "week_end_date": "2026-06-21",
      "price": 16.82,
      "os": 0.36,
      "value": 0.43,
      "quality": 0.41,
      "momentum": 0.43,
      "confidence": 0.667,
      "coverage": 0.667,
      "pe_ratio": null,
      "earnings_yield": null,
      "shareholder_yield": -0.1847,
      "roe": -0.4372,
      "momentum_12_1": 1.2457
    },
    {
      "week_end_date": "2026-06-28",
      "price": 22,
      "os": 0.57,
      "value": 0.52,
      "quality": 0.51,
      "momentum": 0.51,
      "confidence": 0.667,
      "coverage": 0.667,
      "pe_ratio": null,
      "earnings_yield": null,
      "shareholder_yield": -0.1412,
      "roe": -0.4372,
      "momentum_12_1": 1.2894
    },
    {
      "week_end_date": "2026-07-05",
      "price": 21.51,
      "os": 0.74,
      "value": 0.61,
      "quality": 0.6,
      "momentum": 0.61,
      "confidence": 0.661,
      "coverage": 0.667,
      "pe_ratio": null,
      "earnings_yield": null,
      "shareholder_yield": -0.1445,
      "roe": -0.4372,
      "momentum_12_1": 0.5206
    },
    {
      "week_end_date": "2026-07-12",
      "price": 20.95,
      "os": 0.77,
      "value": 0.62,
      "quality": 0.61,
      "momentum": 0.63,
      "confidence": 0.654,
      "coverage": 0.667,
      "pe_ratio": null,
      "earnings_yield": null,
      "shareholder_yield": -0.1483,
      "roe": -0.4372,
      "momentum_12_1": 0.5621
    },
    {
      "week_end_date": "2026-07-19",
      "price": 20.86,
      "os": 0.54,
      "value": 0.51,
      "quality": 0.49,
      "momentum": 0.5,
      "confidence": 0.646,
      "coverage": 0.667,
      "pe_ratio": null,
      "earnings_yield": null,
      "shareholder_yield": -0.149,
      "roe": -0.4372,
      "momentum_12_1": 0.7761
    },
    {
      "week_end_date": "2026-07-26",
      "price": 20.08,
      "os": 0.54,
      "value": 0.51,
      "quality": 0.49,
      "momentum": 0.51,
      "confidence": 0.639,
      "coverage": 0.667,
      "pe_ratio": null,
      "earnings_yield": null,
      "shareholder_yield": -0.1547,
      "roe": -0.4372,
      "momentum_12_1": 1.657
    }
  ],
  "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": 0,
          "cost_of_revenue": 26000,
          "gross_profit": -26000,
          "ebit": -127352000,
          "ebitda": -127326000,
          "pretax_income": -127352000,
          "tax_provision": 58000,
          "net_income": -127410000,
          "net_income_to_common": -127410000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 88438000,
          "total_current_assets": 336158000,
          "total_assets": 349781000,
          "short_term_debt": null,
          "long_term_debt": null,
          "total_debt": 724000,
          "total_liabilities": 17263000,
          "total_equity": 332518000,
          "shares_outstanding": 31359958,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": -94689000,
          "capital_expenditure": 196000,
          "free_cash_flow": -94493000,
          "dividends_paid": null,
          "share_repurchases": null,
          "shares_issued": 189111000,
          "net_debt_issued": null
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "annual",
        "fiscal_year": 2025,
        "fiscal_quarter": null,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 0,
          "cost_of_revenue": 26000,
          "gross_profit": -26000,
          "ebit": -127352000,
          "ebitda": -127326000,
          "pretax_income": -127352000,
          "tax_provision": 58000,
          "net_income": -127410000,
          "net_income_to_common": -127410000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 88438000,
          "total_current_assets": 336158000,
          "total_assets": 349781000,
          "short_term_debt": null,
          "long_term_debt": null,
          "total_debt": 724000,
          "total_liabilities": 17263000,
          "total_equity": 332518000,
          "shares_outstanding": 31359958,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": -94689000,
          "capital_expenditure": 196000,
          "free_cash_flow": -94493000,
          "dividends_paid": null,
          "share_repurchases": null,
          "shares_issued": 189111000,
          "net_debt_issued": null
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "annual",
        "fiscal_year": 2025,
        "fiscal_quarter": null,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 0,
          "cost_of_revenue": 26000,
          "gross_profit": -26000,
          "ebit": -127352000,
          "ebitda": -127326000,
          "pretax_income": -127352000,
          "tax_provision": 58000,
          "net_income": -127410000,
          "net_income_to_common": -127410000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 88438000,
          "total_current_assets": 336158000,
          "total_assets": 349781000,
          "short_term_debt": null,
          "long_term_debt": null,
          "total_debt": 724000,
          "total_liabilities": 17263000,
          "total_equity": 332518000,
          "shares_outstanding": 31359958,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": -94689000,
          "capital_expenditure": 196000,
          "free_cash_flow": -94493000,
          "dividends_paid": null,
          "share_repurchases": null,
          "shares_issued": 189111000,
          "net_debt_issued": null
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "annual",
        "fiscal_year": 2025,
        "fiscal_quarter": null,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 0,
          "cost_of_revenue": 26000,
          "gross_profit": -26000,
          "ebit": -127352000,
          "ebitda": -127326000,
          "pretax_income": -127352000,
          "tax_provision": 58000,
          "net_income": -127410000,
          "net_income_to_common": -127410000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 88438000,
          "total_current_assets": 336158000,
          "total_assets": 349781000,
          "short_term_debt": null,
          "long_term_debt": null,
          "total_debt": 724000,
          "total_liabilities": 17263000,
          "total_equity": 332518000,
          "shares_outstanding": 31359958,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": -94689000,
          "capital_expenditure": 196000,
          "free_cash_flow": -94493000,
          "dividends_paid": null,
          "share_repurchases": null,
          "shares_issued": 189111000,
          "net_debt_issued": null
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "annual",
        "fiscal_year": 2025,
        "fiscal_quarter": null,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 0,
          "cost_of_revenue": 26000,
          "gross_profit": -26000,
          "ebit": -127352000,
          "ebitda": -127326000,
          "pretax_income": -127352000,
          "tax_provision": 58000,
          "net_income": -127410000,
          "net_income_to_common": -127410000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 88438000,
          "total_current_assets": 336158000,
          "total_assets": 349781000,
          "short_term_debt": null,
          "long_term_debt": null,
          "total_debt": 724000,
          "total_liabilities": 17263000,
          "total_equity": 332518000,
          "shares_outstanding": 31359958,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": -94689000,
          "capital_expenditure": 196000,
          "free_cash_flow": -94493000,
          "dividends_paid": null,
          "share_repurchases": null,
          "shares_issued": 189111000,
          "net_debt_issued": null
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "annual",
        "fiscal_year": 2025,
        "fiscal_quarter": null,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 0,
          "cost_of_revenue": 26000,
          "gross_profit": -26000,
          "ebit": -127352000,
          "ebitda": -127326000,
          "pretax_income": -127352000,
          "tax_provision": 58000,
          "net_income": -127410000,
          "net_income_to_common": -127410000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 88438000,
          "total_current_assets": 336158000,
          "total_assets": 349781000,
          "short_term_debt": null,
          "long_term_debt": null,
          "total_debt": 724000,
          "total_liabilities": 17263000,
          "total_equity": 332518000,
          "shares_outstanding": 31359958,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": -94689000,
          "capital_expenditure": 196000,
          "free_cash_flow": -94493000,
          "dividends_paid": null,
          "share_repurchases": null,
          "shares_issued": 189111000,
          "net_debt_issued": null
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "annual",
        "fiscal_year": 2025,
        "fiscal_quarter": null,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 0,
          "cost_of_revenue": 26000,
          "gross_profit": -26000,
          "ebit": -113542000,
          "ebitda": -113516000,
          "pretax_income": -127352000,
          "tax_provision": 58000,
          "net_income": -127410000,
          "net_income_to_common": -127410000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 88438000,
          "total_current_assets": 336158000,
          "total_assets": 349781000,
          "short_term_debt": null,
          "long_term_debt": null,
          "total_debt": 724000,
          "total_liabilities": 17263000,
          "total_equity": 332518000,
          "shares_outstanding": 31359958,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": -94689000,
          "capital_expenditure": 196000,
          "free_cash_flow": -94493000,
          "dividends_paid": null,
          "share_repurchases": null,
          "shares_issued": 189111000,
          "net_debt_issued": null
        }
      },
      {
        "period_end_date": "2024-12-31",
        "period_type": "annual",
        "fiscal_year": 2024,
        "fiscal_quarter": null,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": null,
          "cost_of_revenue": 282000,
          "gross_profit": -282000,
          "ebit": -69573000,
          "ebitda": -69291000,
          "pretax_income": -69573000,
          "tax_provision": 55000,
          "net_income": -69628000,
          "net_income_to_common": -69628000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 33751000,
          "total_current_assets": 80117000,
          "total_assets": 80332000,
          "short_term_debt": 417000,
          "long_term_debt": 107600000,
          "total_debt": 417000,
          "total_liabilities": 3898000,
          "total_equity": 76434000,
          "shares_outstanding": 816634,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": -71196000,
          "capital_expenditure": 0,
          "free_cash_flow": -71196000,
          "dividends_paid": null,
          "share_repurchases": null,
          "shares_issued": null,
          "net_debt_issued": null
        }
      }
    ],
    "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": 0,
          "cost_of_revenue": 9000,
          "gross_profit": -9000,
          "ebit": -40352000,
          "ebitda": -40343000,
          "pretax_income": -40352000,
          "tax_provision": 16000,
          "net_income": -40368000,
          "net_income_to_common": -40368000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 55085000,
          "total_current_assets": 318517000,
          "total_assets": 319433000,
          "short_term_debt": null,
          "long_term_debt": 679000,
          "total_debt": 679000,
          "total_liabilities": 22971000,
          "total_equity": 296462000,
          "shares_outstanding": 57777165,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": -24081000,
          "capital_expenditure": 0,
          "free_cash_flow": -24081000,
          "dividends_paid": null,
          "share_repurchases": null,
          "shares_issued": null,
          "net_debt_issued": null
        }
      },
      {
        "period_end_date": "2026-03-31",
        "period_type": "quarterly",
        "fiscal_year": 2026,
        "fiscal_quarter": 1,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 0,
          "cost_of_revenue": 9000,
          "gross_profit": -9000,
          "ebit": -40352000,
          "ebitda": -40343000,
          "pretax_income": -40352000,
          "tax_provision": 16000,
          "net_income": -40368000,
          "net_income_to_common": -40368000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 55085000,
          "total_current_assets": 318517000,
          "total_assets": 319433000,
          "short_term_debt": null,
          "long_term_debt": 679000,
          "total_debt": 679000,
          "total_liabilities": 22971000,
          "total_equity": 296462000,
          "shares_outstanding": 57777165,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": -24081000,
          "capital_expenditure": 0,
          "free_cash_flow": -24081000,
          "dividends_paid": null,
          "share_repurchases": null,
          "shares_issued": null,
          "net_debt_issued": null
        }
      },
      {
        "period_end_date": "2026-03-31",
        "period_type": "quarterly",
        "fiscal_year": 2026,
        "fiscal_quarter": 1,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 0,
          "cost_of_revenue": 9000,
          "gross_profit": -9000,
          "ebit": -40352000,
          "ebitda": -40343000,
          "pretax_income": -40352000,
          "tax_provision": 16000,
          "net_income": -40368000,
          "net_income_to_common": -40368000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 55085000,
          "total_current_assets": 318517000,
          "total_assets": 319433000,
          "short_term_debt": null,
          "long_term_debt": 679000,
          "total_debt": 679000,
          "total_liabilities": 22971000,
          "total_equity": 296462000,
          "shares_outstanding": 57777165,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": -24081000,
          "capital_expenditure": 0,
          "free_cash_flow": -24081000,
          "dividends_paid": null,
          "share_repurchases": null,
          "shares_issued": null,
          "net_debt_issued": null
        }
      },
      {
        "period_end_date": "2026-03-31",
        "period_type": "quarterly",
        "fiscal_year": 2026,
        "fiscal_quarter": 1,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 0,
          "cost_of_revenue": 9000,
          "gross_profit": -9000,
          "ebit": -40352000,
          "ebitda": -40343000,
          "pretax_income": -40352000,
          "tax_provision": 16000,
          "net_income": -40368000,
          "net_income_to_common": -40368000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 55085000,
          "total_current_assets": 318517000,
          "total_assets": 319433000,
          "short_term_debt": null,
          "long_term_debt": 679000,
          "total_debt": 679000,
          "total_liabilities": 22971000,
          "total_equity": 296462000,
          "shares_outstanding": 57777165,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": -24081000,
          "capital_expenditure": 0,
          "free_cash_flow": -24081000,
          "dividends_paid": null,
          "share_repurchases": null,
          "shares_issued": null,
          "net_debt_issued": null
        }
      },
      {
        "period_end_date": "2026-03-31",
        "period_type": "quarterly",
        "fiscal_year": 2026,
        "fiscal_quarter": 1,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 0,
          "cost_of_revenue": 9000,
          "gross_profit": -9000,
          "ebit": -40352000,
          "ebitda": -40343000,
          "pretax_income": -40352000,
          "tax_provision": 16000,
          "net_income": -40368000,
          "net_income_to_common": -40368000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 55085000,
          "total_current_assets": 318517000,
          "total_assets": 319433000,
          "short_term_debt": null,
          "long_term_debt": null,
          "total_debt": 679000,
          "total_liabilities": 22971000,
          "total_equity": 296462000,
          "shares_outstanding": 57777165,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": -24081000,
          "capital_expenditure": 0,
          "free_cash_flow": -24081000,
          "dividends_paid": null,
          "share_repurchases": null,
          "shares_issued": null,
          "net_debt_issued": null
        }
      },
      {
        "period_end_date": "2026-03-31",
        "period_type": "quarterly",
        "fiscal_year": 2026,
        "fiscal_quarter": 1,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 0,
          "cost_of_revenue": 9000,
          "gross_profit": -9000,
          "ebit": -40352000,
          "ebitda": -40343000,
          "pretax_income": -40352000,
          "tax_provision": 16000,
          "net_income": -40368000,
          "net_income_to_common": -40368000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 55085000,
          "total_current_assets": 318517000,
          "total_assets": 319433000,
          "short_term_debt": null,
          "long_term_debt": null,
          "total_debt": 679000,
          "total_liabilities": 22971000,
          "total_equity": 296462000,
          "shares_outstanding": 57777165,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": -24081000,
          "capital_expenditure": 0,
          "free_cash_flow": -24081000,
          "dividends_paid": null,
          "share_repurchases": null,
          "shares_issued": null,
          "net_debt_issued": null
        }
      },
      {
        "period_end_date": "2026-03-31",
        "period_type": "quarterly",
        "fiscal_year": 2026,
        "fiscal_quarter": 1,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 0,
          "cost_of_revenue": 9000,
          "gross_profit": -9000,
          "ebit": -43445000,
          "ebitda": -43436000,
          "pretax_income": -40352000,
          "tax_provision": 16000,
          "net_income": -40368000,
          "net_income_to_common": -40368000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 55085000,
          "total_current_assets": 318517000,
          "total_assets": 319433000,
          "short_term_debt": null,
          "long_term_debt": null,
          "total_debt": 679000,
          "total_liabilities": 22971000,
          "total_equity": 296462000,
          "shares_outstanding": 57777165,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": -24081000,
          "capital_expenditure": 0,
          "free_cash_flow": -24081000,
          "dividends_paid": null,
          "share_repurchases": null,
          "shares_issued": null,
          "net_debt_issued": null
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "quarterly",
        "fiscal_year": 2025,
        "fiscal_quarter": 4,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 0,
          "cost_of_revenue": 9000,
          "gross_profit": -9000,
          "ebit": -31874000,
          "ebitda": -31865000,
          "pretax_income": -31874000,
          "tax_provision": 58000,
          "net_income": -31932000,
          "net_income_to_common": -31932000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 88438000,
          "total_current_assets": 336158000,
          "total_assets": 349781000,
          "short_term_debt": null,
          "long_term_debt": 724000,
          "total_debt": 724000,
          "total_liabilities": 17263000,
          "total_equity": 332518000,
          "shares_outstanding": 49316000,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": -33649000,
          "capital_expenditure": 3000,
          "free_cash_flow": -33646000,
          "dividends_paid": null,
          "share_repurchases": -1341000,
          "shares_issued": null,
          "net_debt_issued": null
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "quarterly",
        "fiscal_year": 2025,
        "fiscal_quarter": 4,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 0,
          "cost_of_revenue": 9000,
          "gross_profit": -9000,
          "ebit": -31874000,
          "ebitda": -31865000,
          "pretax_income": -31874000,
          "tax_provision": 58000,
          "net_income": -31932000,
          "net_income_to_common": -31932000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 88438000,
          "total_current_assets": 336158000,
          "total_assets": 349781000,
          "short_term_debt": null,
          "long_term_debt": 724000,
          "total_debt": 724000,
          "total_liabilities": 17263000,
          "total_equity": 332518000,
          "shares_outstanding": 49316000,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": -33649000,
          "capital_expenditure": 3000,
          "free_cash_flow": -33646000,
          "dividends_paid": null,
          "share_repurchases": -1341000,
          "shares_issued": null,
          "net_debt_issued": null
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "quarterly",
        "fiscal_year": 2025,
        "fiscal_quarter": 4,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 0,
          "cost_of_revenue": 9000,
          "gross_profit": -9000,
          "ebit": -31874000,
          "ebitda": -31865000,
          "pretax_income": -31874000,
          "tax_provision": 58000,
          "net_income": -31932000,
          "net_income_to_common": -31932000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 88438000,
          "total_current_assets": 336158000,
          "total_assets": 349781000,
          "short_term_debt": null,
          "long_term_debt": 724000,
          "total_debt": 724000,
          "total_liabilities": 17263000,
          "total_equity": 332518000,
          "shares_outstanding": 49316000,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": -33649000,
          "capital_expenditure": 3000,
          "free_cash_flow": -33646000,
          "dividends_paid": null,
          "share_repurchases": -1341000,
          "shares_issued": null,
          "net_debt_issued": null
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "quarterly",
        "fiscal_year": 2025,
        "fiscal_quarter": 4,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 0,
          "cost_of_revenue": 9000,
          "gross_profit": -9000,
          "ebit": -31874000,
          "ebitda": -31865000,
          "pretax_income": -31874000,
          "tax_provision": 58000,
          "net_income": -31932000,
          "net_income_to_common": -31932000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 88438000,
          "total_current_assets": 336158000,
          "total_assets": 349781000,
          "short_term_debt": null,
          "long_term_debt": 724000,
          "total_debt": 724000,
          "total_liabilities": 17263000,
          "total_equity": 332518000,
          "shares_outstanding": 49316000,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": -33649000,
          "capital_expenditure": 3000,
          "free_cash_flow": -33646000,
          "dividends_paid": null,
          "share_repurchases": -1341000,
          "shares_issued": null,
          "net_debt_issued": null
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "quarterly",
        "fiscal_year": 2025,
        "fiscal_quarter": 4,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 0,
          "cost_of_revenue": 9000,
          "gross_profit": -9000,
          "ebit": -31874000,
          "ebitda": -31865000,
          "pretax_income": -31874000,
          "tax_provision": 58000,
          "net_income": -31932000,
          "net_income_to_common": -31932000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 88438000,
          "total_current_assets": 336158000,
          "total_assets": 349781000,
          "short_term_debt": null,
          "long_term_debt": null,
          "total_debt": 724000,
          "total_liabilities": 17263000,
          "total_equity": 332518000,
          "shares_outstanding": 49316000,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": -33649000,
          "capital_expenditure": 3000,
          "free_cash_flow": -33646000,
          "dividends_paid": null,
          "share_repurchases": -1341000,
          "shares_issued": null,
          "net_debt_issued": null
        }
      }
    ]
  },
  "strategy_matches": [
    {
      "key": "sector_relative",
      "name": "Cheapest in Sector",
      "slug": "sector-relative",
      "group": "value",
      "page_url": "/factors/sector-relative/"
    },
    {
      "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
  }
}