{
  "ticker": {
    "uuid": "cf866bf6-4c27-49b6-8c20-fef9560546f7",
    "symbol": "SURG",
    "name": "Surgepays Inc",
    "exchange": "NASDAQ",
    "exchange_name": "NASDAQ",
    "country": "US",
    "currency": "USD",
    "sector": "Communication Services",
    "industry": "Telecom Services",
    "page_url": "https://sharemaestro.com/factors/ticker/cf866bf6-4c27-49b6-8c20-fef9560546f7/",
    "api_url": "https://sharemaestro.com/factors/api/tickers/cf866bf6-4c27-49b6-8c20-fef9560546f7/"
  },
  "latest_snapshot": {
    "ticker": {
      "uuid": "cf866bf6-4c27-49b6-8c20-fef9560546f7",
      "symbol": "SURG",
      "name": "Surgepays Inc",
      "exchange": "NASDAQ",
      "exchange_name": "NASDAQ",
      "country": "US",
      "currency": "USD",
      "sector": "Communication Services",
      "industry": "Telecom Services",
      "page_url": "https://sharemaestro.com/factors/ticker/cf866bf6-4c27-49b6-8c20-fef9560546f7/",
      "api_url": "https://sharemaestro.com/factors/api/tickers/cf866bf6-4c27-49b6-8c20-fef9560546f7/"
    },
    "week_end_date": "2026-07-26",
    "universe": "USD_US",
    "score": {
      "os": 0.34,
      "value": 0.42,
      "quality": 0.41,
      "momentum": 0.42,
      "coverage": 0.727,
      "confidence": 0.696,
      "delta": -1
    },
    "headline_factors": {
      "price": 0.24,
      "market_cap": 6054376.7,
      "pe_ratio": null,
      "earnings_yield": null,
      "ebitda_to_ev": null,
      "shareholder_yield": -0.7084,
      "roe": 1.7001,
      "piotroski_f_score": 3,
      "momentum_12_1": -0.8741,
      "volatility_252d": 1.0603
    },
    "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": -0.9831,
        "shareholder_yield": -0.7084
      },
      "quality": {
        "roe": 1.7001,
        "roic": null,
        "gross_margin": -0.246,
        "fcf_margin": -0.3027,
        "piotroski_f_score": 3
      },
      "growth": {
        "revenue_growth_1y": 0.5581,
        "eps_growth_1y": null,
        "fcf_growth_1y": null
      },
      "momentum": {
        "price_return_12m": -0.918,
        "momentum_12_1": -0.8741,
        "relative_strength": -1.1343
      },
      "scores": {
        "value_percentile": 0.42,
        "quality_percentile": 0.41,
        "momentum_percentile": 0.42,
        "growth_composite": 57,
        "yield_composite": 57,
        "overall_composite": 66,
        "os_score": 0.34,
        "factor_coverage": 0.727,
        "signal_confidence": 0.696
      }
    }
  },
  "factor_history": [
    {
      "week_end_date": "2026-06-07",
      "price": 0.47,
      "os": 0.3,
      "value": 0.41,
      "quality": 0.39,
      "momentum": 0.39,
      "confidence": 0.727,
      "coverage": 0.727,
      "pe_ratio": null,
      "earnings_yield": null,
      "shareholder_yield": -0.3633,
      "roe": 1.7001,
      "momentum_12_1": -0.8025
    },
    {
      "week_end_date": "2026-06-14",
      "price": 0.4,
      "os": 0.28,
      "value": 0.4,
      "quality": 0.38,
      "momentum": 0.39,
      "confidence": 0.727,
      "coverage": 0.727,
      "pe_ratio": null,
      "earnings_yield": null,
      "shareholder_yield": -0.4269,
      "roe": 1.7001,
      "momentum_12_1": -0.7934
    },
    {
      "week_end_date": "2026-06-21",
      "price": 0.42,
      "os": 0.42,
      "value": 0.45,
      "quality": 0.44,
      "momentum": 0.45,
      "confidence": 0.727,
      "coverage": 0.727,
      "pe_ratio": null,
      "earnings_yield": null,
      "shareholder_yield": -0.4061,
      "roe": 1.7001,
      "momentum_12_1": -0.8141
    },
    {
      "week_end_date": "2026-06-28",
      "price": 0.37,
      "os": 0.46,
      "value": 0.47,
      "quality": 0.46,
      "momentum": 0.46,
      "confidence": 0.727,
      "coverage": 0.727,
      "pe_ratio": null,
      "earnings_yield": null,
      "shareholder_yield": -0.4614,
      "roe": 1.7001,
      "momentum_12_1": -0.8139
    },
    {
      "week_end_date": "2026-07-05",
      "price": 0.57,
      "os": 0.43,
      "value": 0.46,
      "quality": 0.44,
      "momentum": 0.46,
      "confidence": 0.72,
      "coverage": 0.727,
      "pe_ratio": null,
      "earnings_yield": null,
      "shareholder_yield": -0.298,
      "roe": 1.7001,
      "momentum_12_1": -0.8549
    },
    {
      "week_end_date": "2026-07-12",
      "price": 0.33,
      "os": 0.73,
      "value": 0.6,
      "quality": 0.59,
      "momentum": 0.61,
      "confidence": 0.712,
      "coverage": 0.727,
      "pe_ratio": null,
      "earnings_yield": null,
      "shareholder_yield": -0.5101,
      "roe": 1.7001,
      "momentum_12_1": -0.8726
    },
    {
      "week_end_date": "2026-07-19",
      "price": 0.31,
      "os": 0.33,
      "value": 0.42,
      "quality": 0.4,
      "momentum": 0.41,
      "confidence": 0.704,
      "coverage": 0.727,
      "pe_ratio": null,
      "earnings_yield": null,
      "shareholder_yield": -0.5453,
      "roe": 1.7001,
      "momentum_12_1": -0.8555
    },
    {
      "week_end_date": "2026-07-26",
      "price": 0.24,
      "os": 0.34,
      "value": 0.42,
      "quality": 0.41,
      "momentum": 0.42,
      "confidence": 0.696,
      "coverage": 0.727,
      "pe_ratio": null,
      "earnings_yield": null,
      "shareholder_yield": -0.7084,
      "roe": 1.7001,
      "momentum_12_1": -0.8741
    }
  ],
  "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": 56962920,
          "cost_of_revenue": 67551811,
          "gross_profit": -10588891,
          "ebit": -34065773,
          "ebitda": -32954432,
          "pretax_income": -36069708,
          "tax_provision": null,
          "net_income": -36069708,
          "net_income_to_common": -36069708,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 1731400,
          "total_current_assets": 6979766,
          "total_assets": 8515846,
          "short_term_debt": 7853679,
          "long_term_debt": 5629194,
          "total_debt": 13582108,
          "total_liabilities": 23918665,
          "total_equity": -15402819,
          "shares_outstanding": 20085138,
          "goodwill_and_intangibles": 819153
        },
        "cash_flow": {
          "operating_cash_flow": -21293152,
          "capital_expenditure": 18590,
          "free_cash_flow": -21274562,
          "dividends_paid": null,
          "share_repurchases": 0,
          "shares_issued": 1774636,
          "net_debt_issued": 9491125
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "annual",
        "fiscal_year": 2025,
        "fiscal_quarter": null,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 56962920,
          "cost_of_revenue": 67551811,
          "gross_profit": -10588891,
          "ebit": -34065773,
          "ebitda": -32954432,
          "pretax_income": -36069708,
          "tax_provision": null,
          "net_income": -36069708,
          "net_income_to_common": -36069708,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 1731400,
          "total_current_assets": 6979766,
          "total_assets": 8515846,
          "short_term_debt": 7853679,
          "long_term_debt": 5629194,
          "total_debt": 13582108,
          "total_liabilities": 23918665,
          "total_equity": -15402819,
          "shares_outstanding": 20085138,
          "goodwill_and_intangibles": 819153
        },
        "cash_flow": {
          "operating_cash_flow": -21293152,
          "capital_expenditure": 18590,
          "free_cash_flow": -21274562,
          "dividends_paid": null,
          "share_repurchases": 0,
          "shares_issued": 1774636,
          "net_debt_issued": 9491125
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "annual",
        "fiscal_year": 2025,
        "fiscal_quarter": null,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 56962920,
          "cost_of_revenue": 67551811,
          "gross_profit": -10588891,
          "ebit": -34065773,
          "ebitda": -32954432,
          "pretax_income": -36069708,
          "tax_provision": null,
          "net_income": -36069708,
          "net_income_to_common": -36069708,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 1731400,
          "total_current_assets": 6979766,
          "total_assets": 8515846,
          "short_term_debt": 7853679,
          "long_term_debt": 5629194,
          "total_debt": 13582108,
          "total_liabilities": 23918665,
          "total_equity": -15402819,
          "shares_outstanding": 20085138,
          "goodwill_and_intangibles": 819153
        },
        "cash_flow": {
          "operating_cash_flow": -21293152,
          "capital_expenditure": 18590,
          "free_cash_flow": -21274562,
          "dividends_paid": null,
          "share_repurchases": 0,
          "shares_issued": 1774636,
          "net_debt_issued": 9491125
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "annual",
        "fiscal_year": 2025,
        "fiscal_quarter": null,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 56962920,
          "cost_of_revenue": 67551811,
          "gross_profit": -10588891,
          "ebit": -34065773,
          "ebitda": -32954432,
          "pretax_income": -36069708,
          "tax_provision": null,
          "net_income": -36069708,
          "net_income_to_common": -36069708,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 1731400,
          "total_current_assets": 6979766,
          "total_assets": 8515846,
          "short_term_debt": 7853679,
          "long_term_debt": 5629194,
          "total_debt": 13582108,
          "total_liabilities": 23918665,
          "total_equity": -15402819,
          "shares_outstanding": 20085138,
          "goodwill_and_intangibles": 819153
        },
        "cash_flow": {
          "operating_cash_flow": -21293152,
          "capital_expenditure": 18590,
          "free_cash_flow": -21274562,
          "dividends_paid": null,
          "share_repurchases": 0,
          "shares_issued": 1774636,
          "net_debt_issued": 9491125
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "annual",
        "fiscal_year": 2025,
        "fiscal_quarter": null,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 56962920,
          "cost_of_revenue": 67551811,
          "gross_profit": -10588891,
          "ebit": -34065773,
          "ebitda": -32954432,
          "pretax_income": -36069708,
          "tax_provision": null,
          "net_income": -36069708,
          "net_income_to_common": -36069708,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 1731400,
          "total_current_assets": 6979766,
          "total_assets": 8515846,
          "short_term_debt": 7853679,
          "long_term_debt": 5629194,
          "total_debt": 13582108,
          "total_liabilities": 23918665,
          "total_equity": -15402819,
          "shares_outstanding": 20085138,
          "goodwill_and_intangibles": 819153
        },
        "cash_flow": {
          "operating_cash_flow": -21293152,
          "capital_expenditure": 18590,
          "free_cash_flow": -21274562,
          "dividends_paid": null,
          "share_repurchases": 0,
          "shares_issued": 1774636,
          "net_debt_issued": 9491125
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "annual",
        "fiscal_year": 2025,
        "fiscal_quarter": null,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 56962920,
          "cost_of_revenue": 67551811,
          "gross_profit": -10588891,
          "ebit": -34065773,
          "ebitda": -32954432,
          "pretax_income": -36069708,
          "tax_provision": null,
          "net_income": -36069708,
          "net_income_to_common": -36069708,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 1731400,
          "total_current_assets": 6979766,
          "total_assets": 8515846,
          "short_term_debt": 7853679,
          "long_term_debt": 5629194,
          "total_debt": 13582108,
          "total_liabilities": 23918665,
          "total_equity": -15402819,
          "shares_outstanding": 20085138,
          "goodwill_and_intangibles": 819153
        },
        "cash_flow": {
          "operating_cash_flow": -21293152,
          "capital_expenditure": 18590,
          "free_cash_flow": -21274562,
          "dividends_paid": null,
          "share_repurchases": 0,
          "shares_issued": 1774636,
          "net_debt_issued": 9491125
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "annual",
        "fiscal_year": 2025,
        "fiscal_quarter": null,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 56962920,
          "cost_of_revenue": 67551811,
          "gross_profit": -10588891,
          "ebit": -34136863,
          "ebitda": -33025522,
          "pretax_income": -36069708,
          "tax_provision": null,
          "net_income": -36069708,
          "net_income_to_common": -36069708,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 1731400,
          "total_current_assets": 6979766,
          "total_assets": 8515846,
          "short_term_debt": 7853679,
          "long_term_debt": 5629194,
          "total_debt": 13582108,
          "total_liabilities": 23918665,
          "total_equity": -15402819,
          "shares_outstanding": 20085138,
          "goodwill_and_intangibles": 819153
        },
        "cash_flow": {
          "operating_cash_flow": -21293152,
          "capital_expenditure": 18590,
          "free_cash_flow": -21274562,
          "dividends_paid": null,
          "share_repurchases": 0,
          "shares_issued": 1774636,
          "net_debt_issued": 9491125
        }
      },
      {
        "period_end_date": "2024-12-31",
        "period_type": "annual",
        "fiscal_year": 2024,
        "fiscal_quarter": null,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 60881173,
          "cost_of_revenue": 75205372,
          "gross_profit": -14324199,
          "ebit": -42513574,
          "ebitda": -41221324,
          "pretax_income": -43067774,
          "tax_provision": 2870000,
          "net_income": -45729224,
          "net_income_to_common": -45729224,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 11790389,
          "total_current_assets": 17870323,
          "total_assets": 23976005,
          "short_term_debt": 1937436,
          "long_term_debt": 2335684,
          "total_debt": 4592352,
          "total_liabilities": 8714392,
          "total_equity": 15315919,
          "shares_outstanding": 19119181,
          "goodwill_and_intangibles": 4772962
        },
        "cash_flow": {
          "operating_cash_flow": -21310603,
          "capital_expenditure": 518189,
          "free_cash_flow": -20792414,
          "dividends_paid": null,
          "share_repurchases": -631967,
          "shares_issued": 17249994,
          "net_debt_issued": -1538776
        }
      }
    ],
    "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": 15983983,
          "cost_of_revenue": 23681432,
          "gross_profit": -7697449,
          "ebit": -11169126,
          "ebitda": -10926194,
          "pretax_income": -12051034,
          "tax_provision": null,
          "net_income": -12050883,
          "net_income_to_common": -12050883,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 2416161,
          "total_current_assets": 8208310,
          "total_assets": 9501458,
          "short_term_debt": 8108312,
          "long_term_debt": 3286504,
          "total_debt": 15511295,
          "total_liabilities": 33369425,
          "total_equity": -23812673,
          "shares_outstanding": 23703775,
          "goodwill_and_intangibles": 1474929
        },
        "cash_flow": {
          "operating_cash_flow": -4550799,
          "capital_expenditure": 3,
          "free_cash_flow": -4550796,
          "dividends_paid": null,
          "share_repurchases": 0,
          "shares_issued": 2514375,
          "net_debt_issued": 2828874
        }
      },
      {
        "period_end_date": "2026-03-31",
        "period_type": "quarterly",
        "fiscal_year": 2026,
        "fiscal_quarter": 1,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 15983983,
          "cost_of_revenue": 23681432,
          "gross_profit": -7697449,
          "ebit": -11169126,
          "ebitda": -10926194,
          "pretax_income": -12051034,
          "tax_provision": null,
          "net_income": -12050883,
          "net_income_to_common": -12050883,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 2416161,
          "total_current_assets": 8208310,
          "total_assets": 9501458,
          "short_term_debt": 8108312,
          "long_term_debt": 3286504,
          "total_debt": 15511295,
          "total_liabilities": 33369425,
          "total_equity": -23812673,
          "shares_outstanding": 23703775,
          "goodwill_and_intangibles": 1474929
        },
        "cash_flow": {
          "operating_cash_flow": -4550799,
          "capital_expenditure": 3,
          "free_cash_flow": -4550796,
          "dividends_paid": null,
          "share_repurchases": 0,
          "shares_issued": 2514375,
          "net_debt_issued": 2828874
        }
      },
      {
        "period_end_date": "2026-03-31",
        "period_type": "quarterly",
        "fiscal_year": 2026,
        "fiscal_quarter": 1,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 15983983,
          "cost_of_revenue": 23681432,
          "gross_profit": -7697449,
          "ebit": -11169126,
          "ebitda": -10926194,
          "pretax_income": -12051034,
          "tax_provision": null,
          "net_income": -12050883,
          "net_income_to_common": -12050883,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 2416161,
          "total_current_assets": 8208310,
          "total_assets": 9501458,
          "short_term_debt": 8108312,
          "long_term_debt": 3286504,
          "total_debt": 15511295,
          "total_liabilities": 33369425,
          "total_equity": -23812673,
          "shares_outstanding": 23703775,
          "goodwill_and_intangibles": 1474929
        },
        "cash_flow": {
          "operating_cash_flow": -4550799,
          "capital_expenditure": 3,
          "free_cash_flow": -4550796,
          "dividends_paid": null,
          "share_repurchases": 0,
          "shares_issued": 2514375,
          "net_debt_issued": 2828874
        }
      },
      {
        "period_end_date": "2026-03-31",
        "period_type": "quarterly",
        "fiscal_year": 2026,
        "fiscal_quarter": 1,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 15983983,
          "cost_of_revenue": 23681432,
          "gross_profit": -7697449,
          "ebit": -11169126,
          "ebitda": -10926194,
          "pretax_income": -12051034,
          "tax_provision": null,
          "net_income": -12050883,
          "net_income_to_common": -12050883,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 2416161,
          "total_current_assets": 8208310,
          "total_assets": 9501458,
          "short_term_debt": 8108312,
          "long_term_debt": 3286504,
          "total_debt": 15511295,
          "total_liabilities": 33369425,
          "total_equity": -23812673,
          "shares_outstanding": 23703775,
          "goodwill_and_intangibles": 1474929
        },
        "cash_flow": {
          "operating_cash_flow": -4550799,
          "capital_expenditure": 3,
          "free_cash_flow": -4550796,
          "dividends_paid": null,
          "share_repurchases": 0,
          "shares_issued": 2514375,
          "net_debt_issued": 2828874
        }
      },
      {
        "period_end_date": "2026-03-31",
        "period_type": "quarterly",
        "fiscal_year": 2026,
        "fiscal_quarter": 1,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 15983983,
          "cost_of_revenue": 23681432,
          "gross_profit": -7697449,
          "ebit": -11169126,
          "ebitda": -10926194,
          "pretax_income": -12051034,
          "tax_provision": null,
          "net_income": -12050883,
          "net_income_to_common": -12050883,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 2416161,
          "total_current_assets": 8208310,
          "total_assets": 9501458,
          "short_term_debt": 8108312,
          "long_term_debt": 3286504,
          "total_debt": 15511295,
          "total_liabilities": 33369425,
          "total_equity": -23812673,
          "shares_outstanding": 23703775,
          "goodwill_and_intangibles": 1474929
        },
        "cash_flow": {
          "operating_cash_flow": -4550799,
          "capital_expenditure": 3,
          "free_cash_flow": -4550796,
          "dividends_paid": null,
          "share_repurchases": 0,
          "shares_issued": 2514375,
          "net_debt_issued": 2828874
        }
      },
      {
        "period_end_date": "2026-03-31",
        "period_type": "quarterly",
        "fiscal_year": 2026,
        "fiscal_quarter": 1,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 15983983,
          "cost_of_revenue": 23681432,
          "gross_profit": -7697449,
          "ebit": -11169126,
          "ebitda": -10926194,
          "pretax_income": -12051034,
          "tax_provision": null,
          "net_income": -12050883,
          "net_income_to_common": -12050883,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 2416161,
          "total_current_assets": 8208310,
          "total_assets": 9501458,
          "short_term_debt": 8108312,
          "long_term_debt": 3286504,
          "total_debt": 15511295,
          "total_liabilities": 33369425,
          "total_equity": -23812673,
          "shares_outstanding": 23703775,
          "goodwill_and_intangibles": 1474929
        },
        "cash_flow": {
          "operating_cash_flow": -4550799,
          "capital_expenditure": 3,
          "free_cash_flow": -4550796,
          "dividends_paid": null,
          "share_repurchases": 0,
          "shares_issued": 2514375,
          "net_debt_issued": 2828874
        }
      },
      {
        "period_end_date": "2026-03-31",
        "period_type": "quarterly",
        "fiscal_year": 2026,
        "fiscal_quarter": 1,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 15983983,
          "cost_of_revenue": 23681432,
          "gross_profit": -7697449,
          "ebit": -12796275,
          "ebitda": -11199367,
          "pretax_income": -12051034,
          "tax_provision": null,
          "net_income": -12050883,
          "net_income_to_common": -12050883,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 2416161,
          "total_current_assets": 8208310,
          "total_assets": 9501458,
          "short_term_debt": 8108312,
          "long_term_debt": 3286504,
          "total_debt": 15511295,
          "total_liabilities": 33369425,
          "total_equity": -23812673,
          "shares_outstanding": 23703775,
          "goodwill_and_intangibles": 1474929
        },
        "cash_flow": {
          "operating_cash_flow": -4550799,
          "capital_expenditure": 3,
          "free_cash_flow": -4550796,
          "dividends_paid": null,
          "share_repurchases": 0,
          "shares_issued": 2514375,
          "net_debt_issued": 2828874
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "quarterly",
        "fiscal_year": 2025,
        "fiscal_quarter": 4,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 16187007,
          "cost_of_revenue": 18582433,
          "gross_profit": -2395426,
          "ebit": -9319461,
          "ebitda": -12541485,
          "pretax_income": -13862313,
          "tax_provision": null,
          "net_income": -13862120,
          "net_income_to_common": -13862120,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 1731400,
          "total_current_assets": 6979766,
          "total_assets": 8515846,
          "short_term_debt": 7633682,
          "long_term_debt": 5629194,
          "total_debt": 5629194,
          "total_liabilities": 23918665,
          "total_equity": -15347675,
          "shares_outstanding": 21151974,
          "goodwill_and_intangibles": 819153
        },
        "cash_flow": {
          "operating_cash_flow": -3564347,
          "capital_expenditure": 0,
          "free_cash_flow": -3564347,
          "dividends_paid": null,
          "share_repurchases": 0,
          "shares_issued": 1125253,
          "net_debt_issued": 2007260
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "quarterly",
        "fiscal_year": 2025,
        "fiscal_quarter": 4,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 16187007,
          "cost_of_revenue": 18582433,
          "gross_profit": -2395426,
          "ebit": -9319461,
          "ebitda": -12541485,
          "pretax_income": -13862313,
          "tax_provision": null,
          "net_income": -13862120,
          "net_income_to_common": -13862120,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 1731400,
          "total_current_assets": 6979766,
          "total_assets": 8515846,
          "short_term_debt": 7633682,
          "long_term_debt": 5629194,
          "total_debt": 5629194,
          "total_liabilities": 23918665,
          "total_equity": -15347675,
          "shares_outstanding": 21151974,
          "goodwill_and_intangibles": 819153
        },
        "cash_flow": {
          "operating_cash_flow": -3564347,
          "capital_expenditure": 0,
          "free_cash_flow": -3564347,
          "dividends_paid": null,
          "share_repurchases": 0,
          "shares_issued": 1125253,
          "net_debt_issued": 2007260
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "quarterly",
        "fiscal_year": 2025,
        "fiscal_quarter": 4,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 16187007,
          "cost_of_revenue": 18582433,
          "gross_profit": -2395426,
          "ebit": -9319461,
          "ebitda": -12541485,
          "pretax_income": -13862313,
          "tax_provision": null,
          "net_income": -13862120,
          "net_income_to_common": -13862120,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 1731400,
          "total_current_assets": 6979766,
          "total_assets": 8515846,
          "short_term_debt": 7633682,
          "long_term_debt": 5629194,
          "total_debt": 5629194,
          "total_liabilities": 23918665,
          "total_equity": -15347675,
          "shares_outstanding": 21151974,
          "goodwill_and_intangibles": 819153
        },
        "cash_flow": {
          "operating_cash_flow": -3564347,
          "capital_expenditure": 0,
          "free_cash_flow": -3564347,
          "dividends_paid": null,
          "share_repurchases": 0,
          "shares_issued": 1125253,
          "net_debt_issued": 2007260
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "quarterly",
        "fiscal_year": 2025,
        "fiscal_quarter": 4,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 16187007,
          "cost_of_revenue": 18582433,
          "gross_profit": -2395426,
          "ebit": -9319461,
          "ebitda": -12541485,
          "pretax_income": -13862313,
          "tax_provision": null,
          "net_income": -13862120,
          "net_income_to_common": -13862120,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 1731400,
          "total_current_assets": 6979766,
          "total_assets": 8515846,
          "short_term_debt": 7633682,
          "long_term_debt": 5629194,
          "total_debt": 5629194,
          "total_liabilities": 23918665,
          "total_equity": -15347675,
          "shares_outstanding": 21151974,
          "goodwill_and_intangibles": 819153
        },
        "cash_flow": {
          "operating_cash_flow": -3564347,
          "capital_expenditure": 0,
          "free_cash_flow": -3564347,
          "dividends_paid": null,
          "share_repurchases": 0,
          "shares_issued": 1125253,
          "net_debt_issued": 2007260
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "quarterly",
        "fiscal_year": 2025,
        "fiscal_quarter": 4,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 16187007,
          "cost_of_revenue": 18582433,
          "gross_profit": -2395426,
          "ebit": -9319461,
          "ebitda": -12541485,
          "pretax_income": -13862313,
          "tax_provision": null,
          "net_income": -13862120,
          "net_income_to_common": -13862120,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 1731400,
          "total_current_assets": 6979766,
          "total_assets": 8515846,
          "short_term_debt": 7633682,
          "long_term_debt": 5629194,
          "total_debt": 5629194,
          "total_liabilities": 23918665,
          "total_equity": -15347675,
          "shares_outstanding": 21151974,
          "goodwill_and_intangibles": 819153
        },
        "cash_flow": {
          "operating_cash_flow": -3564347,
          "capital_expenditure": 0,
          "free_cash_flow": -3564347,
          "dividends_paid": null,
          "share_repurchases": 0,
          "shares_issued": 1125253,
          "net_debt_issued": 2007260
        }
      }
    ]
  },
  "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
  }
}