{
  "ticker": {
    "uuid": "daafd1ac-e686-40e8-9608-97d0cb47209f",
    "symbol": "MER",
    "name": "Meren Energy Inc.",
    "exchange": "TOR",
    "exchange_name": "Toronto Stock Exchange",
    "country": "CA",
    "currency": "CAD",
    "sector": "Energy",
    "industry": "Oil & Gas E&P",
    "page_url": "https://sharemaestro.com/factors/ticker/daafd1ac-e686-40e8-9608-97d0cb47209f/",
    "api_url": "https://sharemaestro.com/factors/api/tickers/daafd1ac-e686-40e8-9608-97d0cb47209f/"
  },
  "latest_snapshot": {
    "ticker": {
      "uuid": "daafd1ac-e686-40e8-9608-97d0cb47209f",
      "symbol": "MER",
      "name": "Meren Energy Inc.",
      "exchange": "TOR",
      "exchange_name": "Toronto Stock Exchange",
      "country": "CA",
      "currency": "CAD",
      "sector": "Energy",
      "industry": "Oil & Gas E&P",
      "page_url": "https://sharemaestro.com/factors/ticker/daafd1ac-e686-40e8-9608-97d0cb47209f/",
      "api_url": "https://sharemaestro.com/factors/api/tickers/daafd1ac-e686-40e8-9608-97d0cb47209f/"
    },
    "week_end_date": "2026-08-09",
    "universe": "CAD_CA",
    "score": {
      "os": 0.37,
      "value": 0.63,
      "quality": 0.1,
      "momentum": 0.36,
      "coverage": 0.848,
      "confidence": 0.794,
      "delta": 0.01
    },
    "headline_factors": {
      "price": 2.01,
      "market_cap": 1358991767.07,
      "pe_ratio": null,
      "earnings_yield": 0.0179,
      "ebitda_to_ev": 0.1579,
      "shareholder_yield": 0.102,
      "roe": -0.1784,
      "piotroski_f_score": 3,
      "momentum_12_1": 0.2555,
      "volatility_252d": 0.3091
    },
    "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": 6.3321,
        "earnings_yield": 0.0179,
        "fcf_yield": 0.0814,
        "shareholder_yield": 0.102
      },
      "quality": {
        "roe": -0.1784,
        "roic": 0.0231,
        "gross_margin": 0.0987,
        "fcf_margin": 0.2132,
        "piotroski_f_score": 3
      },
      "growth": {
        "revenue_growth_1y": null,
        "eps_growth_1y": null,
        "fcf_growth_1y": null
      },
      "momentum": {
        "price_return_12m": 0.281,
        "momentum_12_1": 0.2555,
        "relative_strength": -0.0296
      },
      "scores": {
        "value_percentile": 0.63,
        "quality_percentile": 0.1,
        "momentum_percentile": 0.36,
        "growth_composite": 62,
        "yield_composite": 2,
        "overall_composite": 63,
        "os_score": 0.37,
        "factor_coverage": 0.848,
        "signal_confidence": 0.794
      }
    }
  },
  "factor_history": [
    {
      "week_end_date": "2026-06-07",
      "price": 2.19,
      "os": 0.22,
      "value": 0.33,
      "quality": 0.12,
      "momentum": 0.65,
      "confidence": 0.848,
      "coverage": 0.848,
      "pe_ratio": null,
      "earnings_yield": 0.0166,
      "shareholder_yield": 0.0936,
      "roe": -0.1784,
      "momentum_12_1": 0.4043
    },
    {
      "week_end_date": "2026-06-14",
      "price": 2.13,
      "os": 0.22,
      "value": 0.35,
      "quality": 0.12,
      "momentum": 0.65,
      "confidence": 0.848,
      "coverage": 0.848,
      "pe_ratio": null,
      "earnings_yield": 0.017,
      "shareholder_yield": 0.0962,
      "roe": -0.1784,
      "momentum_12_1": 0.4343
    },
    {
      "week_end_date": "2026-06-21",
      "price": 1.97,
      "os": 0.38,
      "value": 0.62,
      "quality": 0.13,
      "momentum": 0.37,
      "confidence": 0.848,
      "coverage": 0.848,
      "pe_ratio": null,
      "earnings_yield": 0.0182,
      "shareholder_yield": 0.1041,
      "roe": -0.1784,
      "momentum_12_1": 0.4621
    },
    {
      "week_end_date": "2026-06-28",
      "price": 1.93,
      "os": 0.51,
      "value": 0.63,
      "quality": 0.12,
      "momentum": 0.63,
      "confidence": 0.848,
      "coverage": 0.848,
      "pe_ratio": null,
      "earnings_yield": 0.0185,
      "shareholder_yield": 0.1062,
      "roe": -0.1784,
      "momentum_12_1": 0.4938
    },
    {
      "week_end_date": "2026-07-05",
      "price": 1.99,
      "os": 0.5,
      "value": 0.61,
      "quality": 0.11,
      "momentum": 0.67,
      "confidence": 0.84,
      "coverage": 0.848,
      "pe_ratio": null,
      "earnings_yield": 0.018,
      "shareholder_yield": 0.103,
      "roe": -0.1784,
      "momentum_12_1": 0.4719
    },
    {
      "week_end_date": "2026-07-12",
      "price": 1.97,
      "os": 0.51,
      "value": 0.62,
      "quality": 0.11,
      "momentum": 0.67,
      "confidence": 0.831,
      "coverage": 0.848,
      "pe_ratio": null,
      "earnings_yield": 0.0182,
      "shareholder_yield": 0.1041,
      "roe": -0.1784,
      "momentum_12_1": 0.4144
    },
    {
      "week_end_date": "2026-07-19",
      "price": 1.99,
      "os": 0.5,
      "value": 0.63,
      "quality": 0.1,
      "momentum": 0.65,
      "confidence": 0.822,
      "coverage": 0.848,
      "pe_ratio": null,
      "earnings_yield": 0.018,
      "shareholder_yield": 0.103,
      "roe": -0.1784,
      "momentum_12_1": 0.3004
    },
    {
      "week_end_date": "2026-07-26",
      "price": 2.08,
      "os": 0.34,
      "value": 0.61,
      "quality": 0.1,
      "momentum": 0.36,
      "confidence": 0.812,
      "coverage": 0.848,
      "pe_ratio": null,
      "earnings_yield": 0.0174,
      "shareholder_yield": 0.0986,
      "roe": -0.1784,
      "momentum_12_1": 0.2092
    },
    {
      "week_end_date": "2026-08-02",
      "price": 2.02,
      "os": 0.36,
      "value": 0.63,
      "quality": 0.1,
      "momentum": 0.34,
      "confidence": 0.803,
      "coverage": 0.848,
      "pe_ratio": null,
      "earnings_yield": 0.0178,
      "shareholder_yield": 0.1015,
      "roe": -0.1784,
      "momentum_12_1": 0.2468
    },
    {
      "week_end_date": "2026-08-09",
      "price": 2.01,
      "os": 0.37,
      "value": 0.63,
      "quality": 0.1,
      "momentum": 0.36,
      "confidence": 0.794,
      "coverage": 0.848,
      "pe_ratio": null,
      "earnings_yield": 0.0179,
      "shareholder_yield": 0.102,
      "roe": -0.1784,
      "momentum_12_1": 0.2555
    }
  ],
  "financial_periods": {
    "annual": [
      {
        "period_end_date": "2025-12-31",
        "period_type": "annual",
        "fiscal_year": 2025,
        "fiscal_quarter": null,
        "currency_reported": "CAD",
        "is_restated": false,
        "income_statement": {
          "revenue": 562100000,
          "cost_of_revenue": 526100000,
          "gross_profit": 36000000,
          "ebit": -400000,
          "ebitda": 260400000,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": -31600000,
          "net_income_to_common": -31600000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 174700000,
          "total_current_assets": 348800000,
          "total_assets": 1951900000,
          "short_term_debt": 68600000,
          "long_term_debt": 262300000,
          "total_debt": 333800000,
          "total_liabilities": null,
          "total_equity": 765900000,
          "shares_outstanding": 675909193,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": 272600000,
          "capital_expenditure": -76000000,
          "free_cash_flow": 196600000,
          "dividends_paid": -100200000,
          "share_repurchases": -8300000,
          "shares_issued": null,
          "net_debt_issued": -420700000
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "annual",
        "fiscal_year": 2025,
        "fiscal_quarter": null,
        "currency_reported": "CAD",
        "is_restated": false,
        "income_statement": {
          "revenue": 562100000,
          "cost_of_revenue": 526100000,
          "gross_profit": 36000000,
          "ebit": -400000,
          "ebitda": 260400000,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": -31600000,
          "net_income_to_common": -31600000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 174700000,
          "total_current_assets": 348800000,
          "total_assets": 1951900000,
          "short_term_debt": 68600000,
          "long_term_debt": 262300000,
          "total_debt": 333800000,
          "total_liabilities": null,
          "total_equity": 765900000,
          "shares_outstanding": 675909193,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": 272600000,
          "capital_expenditure": -76000000,
          "free_cash_flow": 196600000,
          "dividends_paid": -100200000,
          "share_repurchases": -8300000,
          "shares_issued": null,
          "net_debt_issued": -420700000
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "annual",
        "fiscal_year": 2025,
        "fiscal_quarter": null,
        "currency_reported": "CAD",
        "is_restated": false,
        "income_statement": {
          "revenue": 562100000,
          "cost_of_revenue": 526100000,
          "gross_profit": 36000000,
          "ebit": -400000,
          "ebitda": 260400000,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": -31600000,
          "net_income_to_common": -31600000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 174700000,
          "total_current_assets": 348800000,
          "total_assets": 1951900000,
          "short_term_debt": 68600000,
          "long_term_debt": 262300000,
          "total_debt": 333800000,
          "total_liabilities": null,
          "total_equity": 765900000,
          "shares_outstanding": 675909193,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": 272600000,
          "capital_expenditure": -76000000,
          "free_cash_flow": 196600000,
          "dividends_paid": -100200000,
          "share_repurchases": -8300000,
          "shares_issued": null,
          "net_debt_issued": -420700000
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "annual",
        "fiscal_year": 2025,
        "fiscal_quarter": null,
        "currency_reported": "CAD",
        "is_restated": false,
        "income_statement": {
          "revenue": 562100000,
          "cost_of_revenue": 526100000,
          "gross_profit": 36000000,
          "ebit": -400000,
          "ebitda": 260400000,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": -31600000,
          "net_income_to_common": -31600000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 174700000,
          "total_current_assets": 348800000,
          "total_assets": 1951900000,
          "short_term_debt": 68600000,
          "long_term_debt": 262300000,
          "total_debt": 333800000,
          "total_liabilities": null,
          "total_equity": 765900000,
          "shares_outstanding": 675909193,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": 272600000,
          "capital_expenditure": -76000000,
          "free_cash_flow": 196600000,
          "dividends_paid": -100200000,
          "share_repurchases": -8300000,
          "shares_issued": null,
          "net_debt_issued": -420700000
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "annual",
        "fiscal_year": 2025,
        "fiscal_quarter": null,
        "currency_reported": "CAD",
        "is_restated": false,
        "income_statement": {
          "revenue": 562100000,
          "cost_of_revenue": 526100000,
          "gross_profit": 36000000,
          "ebit": -400000,
          "ebitda": 260400000,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": -31600000,
          "net_income_to_common": -31600000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 174700000,
          "total_current_assets": 348800000,
          "total_assets": 1951900000,
          "short_term_debt": 68600000,
          "long_term_debt": 262300000,
          "total_debt": 333800000,
          "total_liabilities": null,
          "total_equity": 765900000,
          "shares_outstanding": 675909193,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": 272600000,
          "capital_expenditure": -76000000,
          "free_cash_flow": 196600000,
          "dividends_paid": -100200000,
          "share_repurchases": -8300000,
          "shares_issued": null,
          "net_debt_issued": -420700000
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "annual",
        "fiscal_year": 2025,
        "fiscal_quarter": null,
        "currency_reported": "CAD",
        "is_restated": false,
        "income_statement": {
          "revenue": 562100000,
          "cost_of_revenue": 526100000,
          "gross_profit": 36000000,
          "ebit": -400000,
          "ebitda": 260400000,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": -31600000,
          "net_income_to_common": -31600000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 174700000,
          "total_current_assets": 348800000,
          "total_assets": 1951900000,
          "short_term_debt": 68600000,
          "long_term_debt": 262300000,
          "total_debt": 333800000,
          "total_liabilities": null,
          "total_equity": 765900000,
          "shares_outstanding": 675909193,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": 272600000,
          "capital_expenditure": -76000000,
          "free_cash_flow": 196600000,
          "dividends_paid": -100200000,
          "share_repurchases": -8300000,
          "shares_issued": null,
          "net_debt_issued": -420700000
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "annual",
        "fiscal_year": 2025,
        "fiscal_quarter": null,
        "currency_reported": "CAD",
        "is_restated": false,
        "income_statement": {
          "revenue": 562100000,
          "cost_of_revenue": 526100000,
          "gross_profit": 36000000,
          "ebit": -400000,
          "ebitda": 260400000,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": -31600000,
          "net_income_to_common": -31600000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 174700000,
          "total_current_assets": 348800000,
          "total_assets": 1951900000,
          "short_term_debt": 68600000,
          "long_term_debt": 262300000,
          "total_debt": 333800000,
          "total_liabilities": null,
          "total_equity": 765900000,
          "shares_outstanding": 675909193,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": 272600000,
          "capital_expenditure": -76000000,
          "free_cash_flow": 196600000,
          "dividends_paid": -100200000,
          "share_repurchases": -8300000,
          "shares_issued": null,
          "net_debt_issued": -420700000
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "annual",
        "fiscal_year": 2025,
        "fiscal_quarter": null,
        "currency_reported": "CAD",
        "is_restated": false,
        "income_statement": {
          "revenue": 562100000,
          "cost_of_revenue": 526100000,
          "gross_profit": 36000000,
          "ebit": -400000,
          "ebitda": 260400000,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": -31600000,
          "net_income_to_common": -31600000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 174700000,
          "total_current_assets": 348800000,
          "total_assets": 1951900000,
          "short_term_debt": 68600000,
          "long_term_debt": 262300000,
          "total_debt": 333800000,
          "total_liabilities": null,
          "total_equity": 765900000,
          "shares_outstanding": 675909193,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": 272600000,
          "capital_expenditure": -76000000,
          "free_cash_flow": 196600000,
          "dividends_paid": -100200000,
          "share_repurchases": -8300000,
          "shares_issued": null,
          "net_debt_issued": -420700000
        }
      }
    ],
    "quarterly": [
      {
        "period_end_date": "2026-03-31",
        "period_type": "quarterly",
        "fiscal_year": 2026,
        "fiscal_quarter": 1,
        "currency_reported": "CAD",
        "is_restated": false,
        "income_statement": {
          "revenue": 114300000,
          "cost_of_revenue": 78000000,
          "gross_profit": 36300000,
          "ebit": 28100000,
          "ebitda": 56600000,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": -42200000,
          "net_income_to_common": -42200000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 161600000,
          "total_current_assets": 399600000,
          "total_assets": 1972600000,
          "short_term_debt": 900000,
          "long_term_debt": 370000000,
          "total_debt": 373600000,
          "total_liabilities": null,
          "total_equity": 699000000,
          "shares_outstanding": 676115307,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": -27400000,
          "capital_expenditure": -8900000,
          "free_cash_flow": -36300000,
          "dividends_paid": null,
          "share_repurchases": 0,
          "shares_issued": 0,
          "net_debt_issued": 39800000
        }
      },
      {
        "period_end_date": "2026-03-31",
        "period_type": "quarterly",
        "fiscal_year": 2026,
        "fiscal_quarter": 1,
        "currency_reported": "CAD",
        "is_restated": false,
        "income_statement": {
          "revenue": 114300000,
          "cost_of_revenue": 78000000,
          "gross_profit": 36300000,
          "ebit": 28100000,
          "ebitda": 56600000,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": -42200000,
          "net_income_to_common": -42200000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 161600000,
          "total_current_assets": 399600000,
          "total_assets": 1972600000,
          "short_term_debt": 900000,
          "long_term_debt": 370000000,
          "total_debt": 373600000,
          "total_liabilities": null,
          "total_equity": 699000000,
          "shares_outstanding": 676115307,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": -27400000,
          "capital_expenditure": -8900000,
          "free_cash_flow": -36300000,
          "dividends_paid": null,
          "share_repurchases": 0,
          "shares_issued": 0,
          "net_debt_issued": 39800000
        }
      },
      {
        "period_end_date": "2026-03-31",
        "period_type": "quarterly",
        "fiscal_year": 2026,
        "fiscal_quarter": 1,
        "currency_reported": "CAD",
        "is_restated": false,
        "income_statement": {
          "revenue": 114300000,
          "cost_of_revenue": 78000000,
          "gross_profit": 36300000,
          "ebit": 28100000,
          "ebitda": 56600000,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": -42200000,
          "net_income_to_common": -42200000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 161600000,
          "total_current_assets": 399600000,
          "total_assets": 1972600000,
          "short_term_debt": 900000,
          "long_term_debt": 370000000,
          "total_debt": 373600000,
          "total_liabilities": null,
          "total_equity": 699000000,
          "shares_outstanding": 676115307,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": -27400000,
          "capital_expenditure": -8900000,
          "free_cash_flow": -36300000,
          "dividends_paid": null,
          "share_repurchases": 0,
          "shares_issued": 0,
          "net_debt_issued": 39800000
        }
      },
      {
        "period_end_date": "2026-03-31",
        "period_type": "quarterly",
        "fiscal_year": 2026,
        "fiscal_quarter": 1,
        "currency_reported": "CAD",
        "is_restated": false,
        "income_statement": {
          "revenue": 114300000,
          "cost_of_revenue": 78000000,
          "gross_profit": 36300000,
          "ebit": 28100000,
          "ebitda": 56600000,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": -42200000,
          "net_income_to_common": -42200000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 161600000,
          "total_current_assets": 399600000,
          "total_assets": 1972600000,
          "short_term_debt": 900000,
          "long_term_debt": 370000000,
          "total_debt": 373600000,
          "total_liabilities": null,
          "total_equity": 699000000,
          "shares_outstanding": 676115307,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": -27400000,
          "capital_expenditure": -8900000,
          "free_cash_flow": -36300000,
          "dividends_paid": null,
          "share_repurchases": 0,
          "shares_issued": 0,
          "net_debt_issued": 39800000
        }
      },
      {
        "period_end_date": "2026-03-31",
        "period_type": "quarterly",
        "fiscal_year": 2026,
        "fiscal_quarter": 1,
        "currency_reported": "CAD",
        "is_restated": false,
        "income_statement": {
          "revenue": 114300000,
          "cost_of_revenue": 78000000,
          "gross_profit": 36300000,
          "ebit": 28100000,
          "ebitda": 56600000,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": -42200000,
          "net_income_to_common": -42200000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 161600000,
          "total_current_assets": 399600000,
          "total_assets": 1972600000,
          "short_term_debt": 900000,
          "long_term_debt": 370000000,
          "total_debt": 373600000,
          "total_liabilities": null,
          "total_equity": 699000000,
          "shares_outstanding": 676115307,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": -27400000,
          "capital_expenditure": -8900000,
          "free_cash_flow": -36300000,
          "dividends_paid": null,
          "share_repurchases": 0,
          "shares_issued": 0,
          "net_debt_issued": 39800000
        }
      },
      {
        "period_end_date": "2026-03-31",
        "period_type": "quarterly",
        "fiscal_year": 2026,
        "fiscal_quarter": 1,
        "currency_reported": "CAD",
        "is_restated": false,
        "income_statement": {
          "revenue": 114300000,
          "cost_of_revenue": 78000000,
          "gross_profit": 36300000,
          "ebit": 28100000,
          "ebitda": 56600000,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": -42200000,
          "net_income_to_common": -42200000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 161600000,
          "total_current_assets": 399600000,
          "total_assets": 1972600000,
          "short_term_debt": 900000,
          "long_term_debt": 370000000,
          "total_debt": 373600000,
          "total_liabilities": null,
          "total_equity": 699000000,
          "shares_outstanding": 676115307,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": -27400000,
          "capital_expenditure": -8900000,
          "free_cash_flow": -36300000,
          "dividends_paid": null,
          "share_repurchases": 0,
          "shares_issued": 0,
          "net_debt_issued": 39800000
        }
      },
      {
        "period_end_date": "2026-03-31",
        "period_type": "quarterly",
        "fiscal_year": 2026,
        "fiscal_quarter": 1,
        "currency_reported": "CAD",
        "is_restated": false,
        "income_statement": {
          "revenue": 114300000,
          "cost_of_revenue": 78000000,
          "gross_profit": 36300000,
          "ebit": 28100000,
          "ebitda": 56600000,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": -42200000,
          "net_income_to_common": -42200000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 161600000,
          "total_current_assets": 399600000,
          "total_assets": 1972600000,
          "short_term_debt": 900000,
          "long_term_debt": 370000000,
          "total_debt": 373600000,
          "total_liabilities": null,
          "total_equity": 699000000,
          "shares_outstanding": 676115307,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": -27400000,
          "capital_expenditure": -8900000,
          "free_cash_flow": -36300000,
          "dividends_paid": null,
          "share_repurchases": 0,
          "shares_issued": 0,
          "net_debt_issued": 39800000
        }
      },
      {
        "period_end_date": "2026-03-31",
        "period_type": "quarterly",
        "fiscal_year": 2026,
        "fiscal_quarter": 1,
        "currency_reported": "CAD",
        "is_restated": false,
        "income_statement": {
          "revenue": 114300000,
          "cost_of_revenue": 78000000,
          "gross_profit": 36300000,
          "ebit": 28100000,
          "ebitda": 56600000,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": -42200000,
          "net_income_to_common": -42200000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 161600000,
          "total_current_assets": 399600000,
          "total_assets": 1972600000,
          "short_term_debt": 900000,
          "long_term_debt": 370000000,
          "total_debt": 373600000,
          "total_liabilities": null,
          "total_equity": 699000000,
          "shares_outstanding": 676115307,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": -27400000,
          "capital_expenditure": -8900000,
          "free_cash_flow": -36300000,
          "dividends_paid": null,
          "share_repurchases": 0,
          "shares_issued": 0,
          "net_debt_issued": 39800000
        }
      },
      {
        "period_end_date": "2026-03-31",
        "period_type": "quarterly",
        "fiscal_year": 2026,
        "fiscal_quarter": 1,
        "currency_reported": "CAD",
        "is_restated": false,
        "income_statement": {
          "revenue": 114300000,
          "cost_of_revenue": 78000000,
          "gross_profit": 36300000,
          "ebit": 28100000,
          "ebitda": 56600000,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": -42200000,
          "net_income_to_common": -42200000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 161600000,
          "total_current_assets": 399600000,
          "total_assets": 1972600000,
          "short_term_debt": 900000,
          "long_term_debt": 370000000,
          "total_debt": 373600000,
          "total_liabilities": null,
          "total_equity": 699000000,
          "shares_outstanding": 676115307,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": -27400000,
          "capital_expenditure": -8900000,
          "free_cash_flow": -36300000,
          "dividends_paid": null,
          "share_repurchases": 0,
          "shares_issued": 0,
          "net_debt_issued": 39800000
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "quarterly",
        "fiscal_year": 2025,
        "fiscal_quarter": 4,
        "currency_reported": "CAD",
        "is_restated": false,
        "income_statement": {
          "revenue": 199700000,
          "cost_of_revenue": 277900000,
          "gross_profit": -78200000,
          "ebit": -83200000,
          "ebitda": -32300000,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": -90800000,
          "net_income_to_common": -90800000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 174700000,
          "total_current_assets": 348800000,
          "total_assets": 1951900000,
          "short_term_debt": 68600000,
          "long_term_debt": 262300000,
          "total_debt": 333800000,
          "total_liabilities": null,
          "total_equity": 765900000,
          "shares_outstanding": 675909193,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": 79100000,
          "capital_expenditure": -19800000,
          "free_cash_flow": 59300000,
          "dividends_paid": -25000000,
          "share_repurchases": 0,
          "shares_issued": 0,
          "net_debt_issued": -30200000
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "quarterly",
        "fiscal_year": 2025,
        "fiscal_quarter": 4,
        "currency_reported": "CAD",
        "is_restated": false,
        "income_statement": {
          "revenue": 199700000,
          "cost_of_revenue": 277900000,
          "gross_profit": -78200000,
          "ebit": -83200000,
          "ebitda": -32300000,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": -90800000,
          "net_income_to_common": -90800000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 174700000,
          "total_current_assets": 348800000,
          "total_assets": 1951900000,
          "short_term_debt": 68600000,
          "long_term_debt": 262300000,
          "total_debt": 333800000,
          "total_liabilities": null,
          "total_equity": 765900000,
          "shares_outstanding": 675909193,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": 79100000,
          "capital_expenditure": -19800000,
          "free_cash_flow": 59300000,
          "dividends_paid": -25000000,
          "share_repurchases": 0,
          "shares_issued": 0,
          "net_debt_issued": -30200000
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "quarterly",
        "fiscal_year": 2025,
        "fiscal_quarter": 4,
        "currency_reported": "CAD",
        "is_restated": false,
        "income_statement": {
          "revenue": 199700000,
          "cost_of_revenue": 277900000,
          "gross_profit": -78200000,
          "ebit": -83200000,
          "ebitda": -32300000,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": -90800000,
          "net_income_to_common": -90800000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 174700000,
          "total_current_assets": 348800000,
          "total_assets": 1951900000,
          "short_term_debt": 68600000,
          "long_term_debt": 262300000,
          "total_debt": 333800000,
          "total_liabilities": null,
          "total_equity": 765900000,
          "shares_outstanding": 675909193,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": 79100000,
          "capital_expenditure": -19800000,
          "free_cash_flow": 59300000,
          "dividends_paid": -25000000,
          "share_repurchases": 0,
          "shares_issued": 0,
          "net_debt_issued": -30200000
        }
      }
    ]
  },
  "strategy_matches": [
    {
      "key": "ebitda_ev",
      "name": "EBITDA/EV Value",
      "slug": "ebitda-ev",
      "group": "value",
      "page_url": "/factors/ebitda-ev/"
    },
    {
      "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": "Price Strength Relative to Volatility",
      "slug": "risk-adj-momentum",
      "group": "momentum",
      "page_url": "/factors/risk-adj-momentum/"
    },
    {
      "key": "momentum_leaders",
      "name": "Price Leaders",
      "slug": "momentum-leaders",
      "group": "momentum",
      "page_url": "/factors/momentum-leaders/"
    },
    {
      "key": "shareholder_yield",
      "name": "Shareholder Yield",
      "slug": "shareholder-yield",
      "group": "income",
      "page_url": "/factors/shareholder-yield/"
    },
    {
      "key": "high_yield",
      "name": "High Yield",
      "slug": "high-yield",
      "group": "income",
      "page_url": "/factors/high-yield/"
    }
  ],
  "coverage": {
    "factor_history_points": 10,
    "annual_financial_periods": 8,
    "quarterly_financial_periods": 12,
    "latest_factor_week": "2026-08-09",
    "latest_financials_period_end": "2026-03-31"
  },
  "schema": {
    "public_fields_only": true
  }
}