Assay
Financial-condition grades for SEC filers
Company Report · as of Oct 9, 2026
|
| Datavault AI Inc.DVLT · other | |
|---|---|
| Grade |  Bsecond fifth of 336 graded peers; percentile 33.1, sampling error 2.6 points; lower is stronger |
| Rank | 112 of 336 |
| Profitability | C/Dpercentile 61.9 |
| Solvency | Bpercentile 32.6 |
| Growth and financing | Bpercentile 32.9 |
| Reliability | 0.87 AUCfailure model, filers with $120M to $591M assets; 95% interval 0.83 to 0.90; 206 events, 2020 to 2025 |
| Peer failure rate | 1.03% a yearItem 1.03 bankruptcies, same asset band, 2012 to 2025 |
| Size band | $120M to $591M assetstotal assets $274.7M[1] |
| Standard universe | insiderevenue above $1M and assets above $10M[1-2] |
| Warnings | dilution, short runway, late filer · fortress balance sheetnot computable: distress |
| Inputs computable | 9 of 14 |
| Graded from | filings received through Mar 18, 2026205 days before the rescan; every figure keyed to the SEC receipt date |
| Last close | $0.142026-10-08; market equity $137.7M; iex feed |
| Price used in grade | None |
| Share price, twelve months to the rescansplit-adjusted close; a lollipop at every rescan carries the letter held then; baseline ticks are SEC receipt dates of the inputs; ranges and dragging scroll the full history | ||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Percentile at every rescan on file, Jan 21, 2012 to Oct 9, 2026; stronger toward the top. Hover for the date. Open this report as it stood on | ||||||||||||||||||||||||||||
Each date opens the report as it stood on that rescan. |
Business, in the company's words. Opening of Item 1 of the 10-K received Mar 18, 2026; the document on sec.gov.
Datavault AI Inc. (“Datavault,” the “Company,” “us,” “our,” or “we”) is a pioneering technology licensing company that owns a portfolio of patented, secure platforms designed to redefine how data is managed, valued, and monetized in the modern era. Leveraging our proprietary high-performance computing (“HPC”) capabilities and advanced software, our technology offerings are designed to ensure data ownership immutability, experiential data observability, precise data asset valuation, and secure monetization—which we believe will unlock significant opportunities for businesses in an increasingly data-driven world.
Warnings [top]
7 checks ran; none of them enters the letter. The checks are listed on the warnings screen.
The Fourteen Inputs [top]
Lower percentile is stronger. Source numbers open the SEC filing; a range that spans filings opens the sources table.
| Input | Percentile, 0 to 100 | Value | Source | Peer median | Percentile | Peers | Period end |
|---|---|---|---|---|---|---|---|
| Profitability, sleeve percentile 61.9 | |||||||
| Gross profitability | 11.1% | [1,8] | 27.1% | 79.9 | 289 | 2025-12-31 | |
| Return on invested capital | not computable | 10.0% | |||||
| a prior annual debt, equity, and cash observation is required | |||||||
| Accruals ratio | (29.5%) | [1,9-11] | (5.9%) | 6.7 | 506 | 2025-12-31 | |
| Gross margin stability, five years | 83.1 pts | [2,8,12-19] | 2.2 pts | 99.0 | 204 | 2025-12-31 | |
| Solvency, sleeve percentile 32.6 | |||||||
| Twelve-month failure probability | not computable | 0.04% | |||||
| latest liabilities, cash plus short-term investments, book equity, and shares are required | |||||||
| Altman Z double-prime | 4.30 | [1,20-25] | 2.05 | 19.0 | 386 | 2025-12-31 | |
| Net debt to EBITDA | not computable | 2.52x | |||||
| EBITDA must exceed $100,000 | |||||||
| Interest coverage | (1.63x) | [23,26] | 2.18x | 72.4 | 88 | 2025-12-31 | |
| Current ratio | 5.32x | [20-21] | 1.32x | 6.5 | 506 | 2025-12-31 | |
| Growth and financing, sleeve percentile 32.9 | |||||||
| Revenue growth, three-year compound | 126.5% | [2,13,15,17] | 5.1% | 0.2 | 403 | 2025-12-31 | |
| Free cash flow growth, three-year compound | not computable | 8.7% | |||||
| current FCF must be positive and base FCF must exceed $100,000 | |||||||
| Reinvestment rate | not computable | 11.9% | |||||
| pretax income must exceed the validity floor and imply a 0%-100% tax rate | |||||||
| Asset growth, three years | 188.4% | [1,11,27-28] | 4.1% | 0.0 | 438 | 2025-12-31 | |
| Net share issuance, one year | 856.8% | [3-4] | (0.4%) | 98.3 | 356 | 2026-03-17 | |
Gross profitability. Revenue less cost of goods sold, over total assets.
Accruals ratio. Net income less operating cash flow, over average assets; lower is stronger.
Gross margin stability, five years. Standard deviation of gross margin; lower is stronger.
Twelve-month failure probability. CHS model; lower is stronger.
Net debt to EBITDA. Lower is stronger.
Net share issuance, one year. Split-adjusted; lower is stronger.
Sleeves are equal-weighted; within a sleeve each computable input carries equal weight. Composite -0.163; sampling error 2.6 percentile points on 336 peers.
Among 336 Peers [top]
Composite score of every graded peer, smoothed. Vertical rules are the letter band edges at the 20th, 40th, 60th and 80th percentiles. Small dots are the six largest peers by market equity.
| Rank | Company | Percentile | Letter | Warnings |
|---|---|---|---|---|
| 107 | Vulcan Materials Co. (VMC) Vulcan Materials Co. (VMC) Bsecond fifth; percentile 31.6 NYSE · Mining & Quarrying of Nonmetallic Minerals (No Fuels) market equity $32.0B; last close $246.25 No active warnings; 12 of 14 inputs | 31.6 | B | |
| 108 | Verra Mobility Corp. (VRRM) Verra Mobility Corp. (VRRM) Bsecond fifth; percentile 31.9 Nasdaq · Transportation Services market equity $443.8M; last close $2.91 No active warnings; 10 of 14 inputs | 31.9 | B | |
| 109 | Quanta Services, Inc. (PWR) Quanta Services, Inc. (PWR) Bsecond fifth; percentile 32.2 NYSE · Electrical Work market equity $103.0B; last close $685.73 No active warnings; 12 of 14 inputs | 32.2 | B | |
| 110 | Brinks Co. (BCO) Brinks Co. (BCO) Bsecond fifth; percentile 32.5 NYSE · Arrangement of Transportation of Freight & Cargo market equity $4.2B; last close $102.60 No active warnings; 12 of 14 inputs | 32.5 | B | |
| 111 | Criteo S.A. (CRTO) Criteo S.A. (CRTO) Bsecond fifth; percentile 32.8 Nasdaq · Services-Advertising Agencies market equity $749.2M; last close $15.28 Warnings: fortress balance sheet; 9 of 14 inputs | 32.8 | B | fortress balance sheet |
| 112 | Datavault AI Inc. (DVLT) Datavault AI Inc. (DVLT) Bsecond fifth; percentile 33.1 Nasdaq · Services-Business Services, NEC market equity $137.0M; last close $0.14 Warnings: dilution, short runway, late filer, fortress balance sheet; 9 of 14 inputs | 33.1 | B | dilution, short runway, late filer, fortress balance sheet |
| 113 | Korn Ferry (KFY) Korn Ferry (KFY) Bsecond fifth; percentile 33.4 NYSE · Services-Employment Agencies market equity $4.0B; last close $72.97 Warnings: fortress balance sheet; 9 of 14 inputs | 33.4 | B | fortress balance sheet |
| 114 | Limbach Holdings, Inc. (LMB) Limbach Holdings, Inc. (LMB) Bsecond fifth; percentile 33.7 Nasdaq · Construction - Special Trade Contractors market equity $607.6M; last close $50.99 No active warnings; 12 of 14 inputs | 33.7 | B | |
| 115 | Paysign, Inc. (PAYS) Paysign, Inc. (PAYS) Bsecond fifth; percentile 34.0 Nasdaq · Services-Business Services, NEC market equity $844.7M; last close $14.97 No active warnings; 10 of 14 inputs | 34.0 | B | |
| 116 | Fedex Corp. (FDX) Fedex Corp. (FDX) Bsecond fifth; percentile 34.3 NYSE · Air Courier Services market equity $69.0B; last close $291.61 No active warnings; 9 of 14 inputs | 34.3 | B | |
| 117 | Xometry, Inc. (XMTR) Xometry, Inc. (XMTR) Bsecond fifth; percentile 34.6 Nasdaq · Services-Business Services, NEC market equity $4.9B; last close $106.53 No active warnings; 8 of 14 inputs | 34.6 | B |
| Peer policy | Letter | Percentile | Peers |
|---|---|---|---|
| all graded filers, equal sleeves | B | 37.3 | 2204 |
| sector peers, equal sleeves (the grade) | B | 33.1 | 336 |
| same exchange, equal sleeves | B | 36.3 | 1219 |
| sector peers, equal inputs | B | 35.8 | 336 |
Each letter is one fifth of the 336 graded peers, about 67 companies. A boundary letter (A/B, B/C, C/D, D/E) marks a percentile within one sampling error of a band edge.
What the Price Implies [top]
Market measures at the 2026-10-08 close. None enters the grade. Percentile among graded peers with the same measure.
| Measure | Value | Peer median | Percentile | Reading |
|---|---|---|---|---|
| Twelve-month price change, skipping the latest month | (72.8%) | 2.0% | 5 | hotter than 5 of 100 peers |
| Distance from 52-week high | (95.8%) | (26.8%) | 1 | closer to its high than 1 of 100 peers |
| EBIT to enterprise value | (23.9%) | 4.4% | 5 | pricier than 95 of 100 peers |
| Free cash flow yield | (17.5%) | 4.1% | 9 | pricier than 91 of 100 peers |
| Book value to price | 1.79 | 0.34 | 97 | pricier than 3 of 100 peers |
| Sales to price | 0.29 | 0.70 | 25 | pricier than 75 of 100 peers |
| Composite equity issuance, five years | 1,412.2% | (8.8%) | 100 | more equity-funded than 100 of 100 peers |
| Relative strength against the sector, log excess return | (1.45) | (0.13) | 5 | ahead of 5 of 100 peers |
Inputs: market equity $137.0M; EBIT -$32.5M; free cash flow -$24.0M; book equity $245.9M; sales $39.1M; debt $0; cash $1.4M[29].
Diagnostics [top]
Diagnostics do not feed the grade.
| Piotroski F-score: None of 9, period end 2025-12-31 | ||
|---|---|---|
| Return on assets above zero | (78.5%) | ✗ fail[9,11] |
| Operating cash flow above zero | -$23.6M | ✗ fail[10] |
| Return on assets improved | 987.4 pts | ✓ pass[9,11,27,30] |
| Operating cash flow exceeds net income | $55.4M | ✓ pass[9-10] |
| Long-term leverage fell | n/a[1,11,27] | |
| Current ratio improved | 374.9 pts | ✓ pass[20-21,31-32] |
| No new shares issued | 856.8% | ✗ fail[3-4] |
| Gross margin improved | 63.7 pts | ✓ pass[2,8,12-13] |
| Asset turnover improved | (16.6 pts) | ✗ fail[2,11,13,27] |
Downloads [top]
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Sources [top]
Every citation on this page. Filing opens the SEC index page for that submission; viewer opens the SEC interactive data for the same filing; series opens the SEC XBRL API record for that tag and company.
| # | Concept | XBRL tag | Value | Period end | Received | Form | Links |
|---|---|---|---|---|---|---|---|
| 1 | assets | us-gaap:Assets | $274.7M | 2025-12-31 | 2026-03-18 | 10-K | filing · viewer · series |
| 2 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $39.1M | 2025-12-31 | 2026-03-18 | 10-K | filing · viewer · series |
| 3 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 614,308,267 | 2026-03-17 | 2026-03-18 | 10-K | filing · viewer · series |
| 4 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 64,202,635 | 2025-03-27 | 2025-03-31 | 10-K | filing · viewer · series |
| 5 | cash | us-gaap:CashAndCashEquivalentsAtCarryingValue | $1.4M | 2026-06-30 | 2026-08-19 | 10-Q | filing · viewer · series |
| 6 | cash | us-gaap:CashAndCashEquivalentsAtCarryingValue | $7.4M | 2020-12-31 | 2022-03-11 | 10-K | filing · viewer · series |
| 7 | total debt | us-gaap:LongTermDebt | $668,000 | 2020-12-31 | 2022-03-11 | 10-K | filing · viewer · series |
| 8 | gross profit | us-gaap:GrossProfit | $30.4M | 2025-12-31 | 2026-03-18 | 10-K | filing · viewer · series |
| 9 | net income | us-gaap:NetIncomeLoss | -$79.0M | 2025-12-31 | 2026-03-18 | 10-K | filing · viewer · series |
| 10 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | -$23.6M | 2025-12-31 | 2026-03-18 | 10-K | filing · viewer · series |
| 11 | assets | us-gaap:Assets | $100.6M | 2024-12-31 | 2026-03-18 | 10-K | filing · viewer · series |
| 12 | gross profit | us-gaap:GrossProfit | $376,000 | 2024-12-31 | 2026-03-18 | 10-K | filing · viewer · series |
| 13 | revenue | us-gaap:Revenues | $2.7M | 2024-12-31 | 2026-03-18 | 10-K | filing · viewer · series |
| 14 | gross profit | us-gaap:GrossProfit | -$3.5M | 2023-12-31 | 2025-03-31 | 10-K | filing · viewer · series |
| 15 | revenue | us-gaap:Revenues | $2.1M | 2023-12-31 | 2025-03-31 | 10-K | filing · viewer · series |
| 16 | gross profit | us-gaap:GrossProfit | $395,000 | 2022-12-31 | 2024-04-01 | 10-K | filing · viewer · series |
| 17 | revenue | us-gaap:Revenues | $3.4M | 2022-12-31 | 2024-04-01 | 10-K | filing · viewer · series |
| 18 | gross profit | us-gaap:GrossProfit | $1.9M | 2021-12-31 | 2023-03-17 | 10-K | filing · viewer · series |
| 19 | revenue | us-gaap:Revenues | $6.5M | 2021-12-31 | 2023-03-17 | 10-K | filing · viewer · series |
| 20 | current assets | us-gaap:AssetsCurrent | $142.9M | 2025-12-31 | 2026-03-18 | 10-K | filing · viewer · series |
| 21 | current liabilities | us-gaap:LiabilitiesCurrent | $26.9M | 2025-12-31 | 2026-03-18 | 10-K | filing · viewer · series |
| 22 | retained earnings | us-gaap:RetainedEarningsAccumulatedDeficit | -$377.4M | 2025-12-31 | 2026-03-18 | 10-K | filing · viewer · series |
| 23 | operating income | us-gaap:OperatingIncomeLoss | -$32.5M | 2025-12-31 | 2026-03-18 | 10-K | filing · viewer · series |
| 24 | book equity | us-gaap:StockholdersEquity | $238.0M | 2025-12-31 | 2026-03-18 | 10-K | filing · viewer · series |
| 25 | liabilities | us-gaap:Liabilities | $36.7M | 2025-12-31 | 2026-03-18 | 10-K | filing · viewer · series |
| 26 | interest expense | us-gaap:InterestExpense | $20.0M | 2025-12-31 | 2026-03-18 | 10-K | filing · viewer · series |
| 27 | assets | us-gaap:Assets | $4.8M | 2023-12-31 | 2025-03-31 | 10-K | filing · viewer · series |
| 28 | assets | us-gaap:Assets | $11.5M | 2022-12-31 | 2024-04-01 | 10-K | filing · viewer · series |
| 29 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 949,728,605 | 2026-08-19 | 2026-08-19 | 10-Q | filing · viewer · series |
| 30 | net income | us-gaap:NetIncomeLoss | -$51.4M | 2024-12-31 | 2026-03-18 | 10-K | filing · viewer · series |
| 31 | current assets | us-gaap:AssetsCurrent | $6.4M | 2024-12-31 | 2026-03-18 | 10-K | filing · viewer · series |
| 32 | current liabilities | us-gaap:LiabilitiesCurrent | $4.1M | 2024-12-31 | 2026-03-18 | 10-K | filing · viewer · series |
| 33 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | -$80.0M | 2026-06-30 | 2026-08-19 | 10-Q | filing · viewer · series |
| 34 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | -$8.7M | 2026-03-31 | 2026-05-15 | 10-Q | filing · viewer · series |
| 35 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | -$23.2M | 2025-09-30 | 2025-11-14 | 10-Q | filing · viewer · series |
| 36 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | -$12.8M | 2025-06-30 | 2026-08-19 | 10-Q | filing · viewer · series |
Limitations [top]
Grade boundary. Percentile 33.1 is 6.9 points from the nearest band edge; sampling error is 2.6 points.
Peer group. Sector assignment from four-digit SIC codes, hand-tuned and published. The grade under three alternative peer policies is tabled above.
Size. Within a sector the letter tracks size. Among graded filers in the smallest asset band, 72% grade E and 0% grade A; in the largest, 13% grade E and 21% grade A. Universe as of Oct 9, 2026.
Failure model. filings 2012-01-01 to 2019-12-31 fit, filings 2020-01-01 to 2025-12-31 test; status post hoc pending confirmation. pre-registered on 2026 filings once their 12-month outcome windows close; supported if the paired per-quintile gain over the pooled model has a lower bound above 0.05.
Input validity. Revenue or total assets at or below $100,000 sets the degenerate-inputs flag. An input whose denominator is at or below $100,000 is left not computable rather than ranked.
Returns. No input on this page has a post-2015 confidence interval on returns that excludes zero. The grade ranks reported financial condition and is not a return forecast.
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