Assay
Financial-condition grades for SEC filers
Company Report · as of Oct 9, 2026
|
| AEye, Inc.LIDR · consumer durables | |
|---|---|
| Grade |  Eweakest fifth of 460 graded peers; percentile 96.5, sampling error 2.3 points; lower is stronger |
| Rank | 442 of 460 |
| Profitability | Dpercentile 73.3 |
| Solvency | Cpercentile 52.1 |
| Growth and financing | Epercentile 93.9 |
| Reliability | 0.83 AUCfailure model, filers with $12.5M to $120M assets; 95% interval 0.79 to 0.86; 201 events, 2020 to 2025 |
| Peer failure rate | 1.07% a yearItem 1.03 bankruptcies, same asset band, 2012 to 2025 |
| Size band | $12.5M to $120M assetstotal assets $90.9M[1] |
| Standard universe | outsiderevenue above $1M and assets above $10M[1-2] |
| Warnings | dilution, short runway · fortress balance sheet |
| 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 | $1.052026-10-08; market equity $48.8M; 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.
We are a provider of physical AI sensing solutions built on high-performance, active lidar systems for vehicle autonomy, advanced driver-assistance systems (ADAS), robotic vision and a range of Non-Automotive applications. Our physical AI approach combines software‑defined sensing with adaptive perception capabilities that enable machines to interpret and respond to complex physical environments in real time.
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 73.3 | |||||||
| Gross profitability | (0.4%) | [1,8] | 34.4% | 96.8 | 476 | 2025-12-31 | |
| Return on invested capital | not computable | 8.9% | |||||
| required facts have no common fiscal period end | |||||||
| Accruals ratio | (10.5%) | [1,9-11] | (5.1%) | 23.1 | 525 | 2025-12-31 | |
| Gross margin stability, five years | 331.0 pts | [2,8,12-19] | 1.7 pts | 100.0 | 407 | 2025-12-31 | |
| Solvency, sleeve percentile 52.1 | |||||||
| Twelve-month failure probability | 0.15% | 0.04% | 76.5 | 35 | 2026-06-30 | ||
| Altman Z double-prime | (2.15) | [1,20-25] | 2.11 | 78.3 | 402 | 2025-12-31 | |
| Net debt to EBITDA | not computable | 2.11x | |||||
| EBITDA must exceed $100,000 | |||||||
| Interest coverage | not computable | 2.57x | |||||
| one or more required annual facts are missing | |||||||
| Current ratio | 10.46x | [20-21] | 1.55x | 1.5 | 541 | 2025-12-31 | |
| Growth and financing, sleeve percentile 93.9 | |||||||
| Revenue growth, three-year compound | (60.0%) | [2,13,15,17] | 1.4% | 99.6 | 482 | 2025-12-31 | |
| Free cash flow growth, three-year compound | not computable | 8.3% | |||||
| current FCF must be positive and base FCF must exceed $100,000 | |||||||
| Reinvestment rate | not computable | 12.0% | |||||
| pretax income must exceed the validity floor and imply a 0%-100% tax rate | |||||||
| Asset growth, three years | (12.0%) | [1,11,26-27] | 2.0% | 87.0 | 487 | 2025-12-31 | |
| Net share issuance, one year | 142.6% | [3-4] | (0.3%) | 95.0 | 382 | 2026-03-13 | |
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 0.505; sampling error 2.3 percentile points on 460 peers.
Among 460 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 |
|---|---|---|---|---|
| 437 | Hain Celestial Group Inc. (HAIN) Hain Celestial Group Inc. (HAIN) Eweakest fifth; percentile 95.9 Nasdaq · Food and Kindred Products market equity $50.3M; last close $0.56 Warnings: fortress balance sheet; 9 of 14 inputs | 95.9 | E | fortress balance sheet |
| 438 | Andersons, Inc. (ANDE) Andersons, Inc. (ANDE) Eweakest fifth; percentile 96.1 Nasdaq · Wholesale-Farm Product Raw Materials market equity $2.3B; last close $66.50 No active warnings; 7 of 14 inputs | 96.1 | E | |
| 439 | Whirlpool Corp. (WHR) Whirlpool Corp. (WHR) Eweakest fifth; percentile 96.2 NYSE · Household Appliances last close $29.18 No active warnings; 10 of 14 inputs | 96.2 | E | |
| 440 | Whirlpool Corp. (WHR-PA) Whirlpool Corp. (WHR-PA) Eweakest fifth; percentile 96.2 NYSE · Household Appliances No active warnings; 10 of 14 inputs | 96.2 | E | |
| 441 | Torrid Holdings Inc. (CURV) Torrid Holdings Inc. (CURV) Eweakest fifth; percentile 96.5 NYSE · Retail-Apparel & Accessory Stores market equity $235.3M; last close $2.38 No active warnings; 10 of 14 inputs | 96.5 | E | |
| 442 | AEye, Inc. (LIDR) AEye, Inc. (LIDR) Eweakest fifth; percentile 96.5 Nasdaq · Motor Vehicle Parts & Accessories market equity $48.6M; last close $1.05 Warnings: dilution, short runway, fortress balance sheet; 9 of 14 inputs | 96.5 | E | dilution, short runway, fortress balance sheet |
| 443 | Limoneira Co. (LMNR) Limoneira Co. (LMNR) Eweakest fifth; percentile 96.7 Nasdaq · Agricultural Production-Crops market equity $218.5M; last close $12.05 No active warnings; 8 of 14 inputs | 96.7 | E | |
| 444 | Olenox Industries Inc. (OLOX) Olenox Industries Inc. (OLOX) Eweakest fifth; percentile 96.9 Nasdaq · Wholesale-Lumber & Other Construction Materials market equity $1.5M; last close $0.94 Warnings: late filer; 7 of 14 inputs | 96.9 | E | late filer |
| 445 | Cooper-Standard Holdings Inc. (CPS) Cooper-Standard Holdings Inc. (CPS) Eweakest fifth; percentile 96.9 NYSE · Motor Vehicle Parts & Accessories market equity $385.1M; last close $21.68 No active warnings; 9 of 14 inputs | 96.9 | E | |
| 446 | Cato Corp. (CATO) Cato Corp. (CATO) Eweakest fifth; percentile 97.3 NYSE · Retail-Women's Clothing Stores last close $2.35 No active warnings; 7 of 14 inputs | 97.3 | E | |
| 447 | Lucid Group, Inc. (LCID) Lucid Group, Inc. (LCID) Eweakest fifth; percentile 97.4 Nasdaq · Motor Vehicles & Passenger Car Bodies market equity $1.5B; last close $3.82 Warnings: short runway, distress; 9 of 14 inputs | 97.4 | E | short runway, distress |
| Peer policy | Letter | Percentile | Peers |
|---|---|---|---|
| all graded filers, equal sleeves | E | 95.6 | 2204 |
| sector peers, equal sleeves (the grade) | E | 96.5 | 460 |
| same exchange, equal sleeves | E | 93.6 | 1219 |
| sector peers, equal inputs | E | 95.4 | 460 |
Each letter is one fifth of the 460 graded peers, about 92 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 | (53.8%) | (0.2%) | 7 | hotter than 7 of 100 peers |
| Distance from 52-week high | (68.8%) | (25.6%) | 8 | closer to its high than 8 of 100 peers |
| EBIT to enterprise value | (84.9%) | 5.0% | 5 | pricier than 95 of 100 peers |
| Free cash flow yield | (57.4%) | 4.6% | 5 | pricier than 95 of 100 peers |
| Book value to price | 1.41 | 0.45 | 88 | pricier than 12 of 100 peers |
| Sales to price | 0.00 | 1.49 | 0 | pricier than 100 of 100 peers |
| Composite equity issuance, five years | not computable | (16.0%) | a share count from five years earlier is required | |
| Relative strength against the sector, log excess return | (0.75) | (0.01) | 8 | ahead of 8 of 100 peers |
Inputs: market equity $48.6M; EBIT -$31.7M; free cash flow -$27.9M; book equity $68.3M; sales $233,000; debt $0; cash $11.2M[28].
Diagnostics [top]
Diagnostics do not feed the grade.
| Piotroski F-score: None of 9, period end 2025-12-31 | ||
|---|---|---|
| Return on assets above zero | (125.2%) | ✗ fail[9,11] |
| Operating cash flow above zero | -$27.8M | ✗ fail[10] |
| Return on assets improved | (59.9 pts) | ✗ fail[9,11,26,29] |
| Operating cash flow exceeds net income | $6.2M | ✓ pass[9-10] |
| Long-term leverage fell | n/a[1,11,26] | |
| Current ratio improved | 823.0 pts | ✓ pass[20-21,30-31] |
| No new shares issued | 142.6% | ✗ fail[3-4] |
| Gross margin improved | 147.4 pts | ✓ pass[2,8,12-13] |
| Asset turnover improved | 0.5 pts | ✓ pass[2,11,13,26] |
| Cash, filings, liquidity | |
|---|---|
| Cash and equivalents | $11.2M[5] |
| Operating cash flow, four quarters | -$29.5M[5,10,32-35] |
| Months of runway | 4.6 |
| Late filings, two years | 0 |
| NT 10-K or NT 10-Q | |
| Days since last periodic filing | 64 |
| 10-Q received Aug 6, 2026 | |
| Median daily dollar volume | $745,290 |
| 63 sessions | |
| Days since newest grade input | 205 |
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 | $90.9M | 2025-12-31 | 2026-03-18 | 10-K | filing · viewer · series |
| 2 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $233,000 | 2025-12-31 | 2026-03-18 | 10-K | filing · viewer · series |
| 3 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 45,345,919 | 2026-03-13 | 2026-03-18 | 10-K | filing · viewer · series |
| 4 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 18,689,669 | 2025-02-20 | 2025-02-24 | 10-K | filing · viewer · series |
| 5 | cash | us-gaap:CashAndCashEquivalentsAtCarryingValue | $11.2M | 2026-06-30 | 2026-08-06 | 10-Q | filing · viewer · series |
| 6 | cash | us-gaap:CashAndCashEquivalentsAtCarryingValue | $19.1M | 2022-12-31 | 2024-03-27 | 10-K | filing · viewer · series |
| 7 | total debt | us-gaap:LongTermDebt | $0 | 2022-12-31 | 2023-03-16 | 10-K | filing · viewer · series |
| 8 | gross profit | us-gaap:GrossProfit | -$321,000 | 2025-12-31 | 2026-03-18 | 10-K | filing · viewer · series |
| 9 | net income | us-gaap:NetIncomeLoss | -$34.0M | 2025-12-31 | 2026-03-18 | 10-K | filing · viewer · series |
| 10 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | -$27.8M | 2025-12-31 | 2026-03-18 | 10-K | filing · viewer · series |
| 11 | assets | us-gaap:Assets | $27.1M | 2024-12-31 | 2026-03-18 | 10-K | filing · viewer · series |
| 12 | gross profit | us-gaap:GrossProfit | -$576,000 | 2024-12-31 | 2026-03-18 | 10-K | filing · viewer · series |
| 13 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $202,000 | 2024-12-31 | 2026-03-18 | 10-K | filing · viewer · series |
| 14 | gross profit | us-gaap:GrossProfit | -$13.9M | 2023-12-31 | 2025-02-24 | 10-K | filing · viewer · series |
| 15 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $1.5M | 2023-12-31 | 2025-02-24 | 10-K | filing · viewer · series |
| 16 | gross profit | us-gaap:GrossProfit | -$5.1M | 2022-12-31 | 2024-03-27 | 10-K | filing · viewer · series |
| 17 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $3.6M | 2022-12-31 | 2024-03-27 | 10-K | filing · viewer · series |
| 18 | gross profit | us-gaap:GrossProfit | -$630,000 | 2021-12-31 | 2023-03-16 | 10-K | filing · viewer · series |
| 19 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $3.0M | 2021-12-31 | 2023-03-16 | 10-K | filing · viewer · series |
| 20 | current assets | us-gaap:AssetsCurrent | $89.6M | 2025-12-31 | 2026-03-18 | 10-K | filing · viewer · series |
| 21 | current liabilities | us-gaap:LiabilitiesCurrent | $8.6M | 2025-12-31 | 2026-03-18 | 10-K | filing · viewer · series |
| 22 | retained earnings | us-gaap:RetainedEarningsAccumulatedDeficit | -$407.1M | 2025-12-31 | 2026-03-18 | 10-K | filing · viewer · series |
| 23 | operating income | us-gaap:OperatingIncomeLoss | -$31.7M | 2025-12-31 | 2026-03-18 | 10-K | filing · viewer · series |
| 24 | book equity | us-gaap:StockholdersEquity | $81.3M | 2025-12-31 | 2026-03-18 | 10-K | filing · viewer · series |
| 25 | liabilities | us-gaap:Liabilities | $9.6M | 2025-12-31 | 2026-03-18 | 10-K | filing · viewer · series |
| 26 | assets | us-gaap:Assets | $54.3M | 2023-12-31 | 2025-02-24 | 10-K | filing · viewer · series |
| 27 | assets | us-gaap:Assets | $133.3M | 2022-12-31 | 2024-03-27 | 10-K | filing · viewer · series |
| 28 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 46,488,312 | 2026-08-04 | 2026-08-06 | 10-Q | filing · viewer · series |
| 29 | net income | us-gaap:NetIncomeLoss | -$35.5M | 2024-12-31 | 2026-03-18 | 10-K | filing · viewer · series |
| 30 | current assets | us-gaap:AssetsCurrent | $25.2M | 2024-12-31 | 2026-03-18 | 10-K | filing · viewer · series |
| 31 | current liabilities | us-gaap:LiabilitiesCurrent | $11.3M | 2024-12-31 | 2026-03-18 | 10-K | filing · viewer · series |
| 32 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | -$15.8M | 2026-06-30 | 2026-08-06 | 10-Q | filing · viewer · series |
| 33 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | -$8.6M | 2026-03-31 | 2026-05-14 | 10-Q | filing · viewer · series |
| 34 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | -$20.2M | 2025-09-30 | 2025-11-07 | 10-Q | filing · viewer · series |
| 35 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | -$14.2M | 2025-06-30 | 2026-08-06 | 10-Q | filing · viewer · series |
Limitations [top]
Grade boundary. Percentile 96.5 is 16.5 points from the nearest band edge; sampling error is 2.3 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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