Assay

Financial-condition grades for SEC filers

Company Report · as of Oct 9, 2026

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MethodCoverageAbout
GT Biopharma, Inc.GTBP · healthcare
GradeNonecomputable_factors_below_threshold: 2 of 14 inputs computable; 7 are required
Reliability0.76 AUCfailure model, filers with under $12.5M assets; 95% interval 0.65 to 0.86; 63 events, 2020 to 2025
Peer failure rate0.60% a yearItem 1.03 bankruptcies, same asset band, 2012 to 2025
Size bandunder $12.5M assetstotal assets $8.1M[1]
Standard universeoutsiderevenue above $1M and assets above $10M[1-2]
Warningsdilution, short runway, thin data, degenerate inputsnot computable: distress, fortress balance sheet
Inputs computable2 of 14
Graded fromfilings received through Mar 2, 2026221 days before the rescan; every figure keyed to the SEC receipt date
Last close$6.222026-10-05; market equity $280.8M; iex feed
Price used in gradeNone
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
$5$10NovDecJanFebMarAprMayJunJulAugSepOct$5.96
ABCDE20132014201520162017201820192020202120222023202420252026

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

Letter setLetterPercentileBand
Jan 21, 2012nonen/a
Apr 21, 2012nonen/aQ1
Mar 21, 2018nonen/aQ3
Apr 21, 2019nonen/aQ2
Apr 21, 2020nonen/aQ1
Apr 21, 2023nonen/aQ2
Feb 21, 2025nonen/aQ1

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 2, 2026; the document on sec.gov.

are a clinical stage biopharmaceutical company focused on the development and commercialization of novel immuno-oncology products based on our proprietary Tri-specific Killer Engager (“TriKE®”), and Tetra-specific Killer Engager (“Dual Targeting TriKE®”) fusion protein immune cell engager technology platforms. Our TriKE® and Dual Targeting TriKE® platforms generate proprietary therapeutics designed to harness and enhance the cancer killing abilities of a patient’s own natural killer cells (“NK cells”).

Warnings [top]

Dilution. split-adjusted year-over-year share growth is 1312.2%[3-4]
Short runway. cash runway is 4.1 months[5]
Thin data. 2 of 14 grade factors are computable; minimum is 7
Degenerate inputs. latest revenue or assets are at or below the $100,000 validity floor[1-2]

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.

InputPercentile, 0 to 100ValueSourcePeer medianPercentilePeersPeriod end
Profitability
Gross profitabilitynot computable32.2%
latest aligned inputs end 2017-12-31; latest annual assets end 2025-12-31
Return on invested capitalnot computable9.3%
one or more required annual facts are missing
Accruals rationot computable(6.6%)
prior assets observation is 92 days earlier
Gross margin stability, five yearsnot computable2.8 pts
annual revenue must exceed $100,000
Solvency, sleeve percentile 52.0
Twelve-month failure probabilitynot computable0.07%
liabilities and a nearby cover-page share count are required at 2026-06-30
Altman Z double-primenot computable(0.31)
latest aligned inputs end 2023-12-31; latest annual assets end 2025-12-31
Net debt to EBITDAnot computable1.82x
one or more required annual facts are missing
Interest coveragenot computable(4.51x)
latest aligned inputs end 2023-12-31; latest annual assets end 2025-12-31
Current ratio3.50x[6-7]2.96x52.08392025-12-31
Growth and financing, sleeve percentile 97.0
Revenue growth, three-year compoundnot computable10.0%
four consecutive annual observations are required
Free cash flow growth, three-year compoundnot computable10.9%
current FCF must be positive and base FCF must exceed $100,000
Reinvestment ratenot computable37.1%
latest aligned inputs end 2019-12-31; latest annual assets end 2025-12-31
Asset growth, three yearsnot computable2.1%
four consecutive annual observations are required
Net share issuance, one year1,312.2%[3-4]2.5%97.06342026-02-23

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.

Among 371 Peers [top]

What the Price Implies [top]

Market measures at the 2026-10-05 close. None enters the grade. Percentile among graded peers with the same measure.

MeasureValuePeer medianPercentileReading
Twelve-month price change, skipping the latest month1,119.1%8.0%100hotter than 100 of 100 peers
Distance from 52-week high(48.8%)(31.4%)29closer to its high than 29 of 100 peers
EBIT to enterprise valuenot computable(1.5%)required accounting or market input is missing
Free cash flow yield(1.4%)(1.0%)48pricier than 52 of 100 peers
Book value to price0.010.2814pricier than 86 of 100 peers
Sales to price0.000.310pricier than 100 of 100 peers
Composite equity issuance, five years386.4%20.3%97more equity-funded than 97 of 100 peers
Relative strength against the sector, log excess return2.29(0.14)100ahead of 100 of 100 peers

Inputs: market equity $268.9M; EBIT -$12.4M; free cash flow -$3.7M; book equity $3.6M; sales $0; cash $5.0M[8].

Diagnostics [top]

Diagnostics do not feed the grade.

Piotroski F-score: None of 9, period end 2025-12-31
Return on assets above zeron/a
Operating cash flow above zero-$12.9M✗ fail[9]
Return on assets improvedn/a[10]
Operating cash flow exceeds net income$15.4M✓ pass[9-10]
Long-term leverage felln/a[1]
Current ratio improvedn/a[6-7]
No new shares issued1,312.2%✗ fail[3-4]
Gross margin improvedn/a
Asset turnover improvedn/a
Cash, filings, liquidity
Cash and equivalents$5.0M[5]
Operating cash flow, four quarters-$14.4M[5,9,11-14]
Months of runway4.1
Late filings, two years0
NT 10-K or NT 10-Q
Days since last periodic filing56
10-Q received Aug 14, 2026
Median daily dollar volume$177,206
63 sessions
Days since newest grade input221

Downloads [top]

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.

#ConceptXBRL tagValuePeriod endReceivedFormLinks
1assetsus-gaap:Assets$8.1M2025-12-312026-03-0210-Kfiling · viewer · series
2revenueus-gaap:Revenues$02020-12-312021-04-1610-Kfiling · viewer · series
3shares outstandingdei:EntityCommonStockSharesOutstanding31,553,8922026-02-232026-03-0210-Kfiling · viewer · series
4shares outstandingdei:EntityCommonStockSharesOutstanding2,234,3282025-02-192025-04-1410-K/Afiling · viewer · series
5cashus-gaap:CashAndCashEquivalentsAtCarryingValue$5.0M2026-06-302026-08-1410-Qfiling · viewer · series
6current assetsus-gaap:AssetsCurrent$8.1M2025-12-312026-03-0210-Kfiling · viewer · series
7current liabilitiesus-gaap:LiabilitiesCurrent$2.3M2025-12-312026-03-0210-Kfiling · viewer · series
8shares outstandingdei:EntityCommonStockSharesOutstanding45,109,4972026-08-102026-08-1410-Qfiling · viewer · series
9operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities-$12.9M2025-12-312026-03-0210-Kfiling · viewer · series
10net incomeus-gaap:NetIncomeLoss-$28.4M2025-12-312026-03-0210-Kfiling · viewer · series
11operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities-$6.7M2026-06-302026-08-1410-Qfiling · viewer · series
12operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities-$2.5M2026-03-312026-05-1510-Qfiling · viewer · series
13operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities-$8.9M2025-09-302026-03-0610-Q/Afiling · viewer · series
14operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities-$5.2M2025-06-302026-08-1410-Qfiling · viewer · series

Limitations [top]

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.

Informational and educational only. Not investment advice. SEC and market data may contain errors.

If you have any comments about this page, the methodology and every line of code that produced it are in the public repository. However, due to the limited number of personnel, we are unable to provide a direct response.

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Source
GitHub · ezrakruger.cc
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Updated Oct 9, 2026