Assay

Financial-condition grades for SEC filers

Company Report · as of Oct 9, 2026

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MethodCoverageAbout
Nautilus Biotechnology, Inc.NAUT · business equipment
GradeNonecomputable_factors_below_threshold: 5 of 14 inputs computable; 7 are required
Reliability0.87 AUCfailure model, filers with $120M to $591M assets; 95% interval 0.83 to 0.90; 206 events, 2020 to 2025
Peer failure rate1.03% a yearItem 1.03 bankruptcies, same asset band, 2012 to 2025
Size band$120M to $591M assetstotal assets $191.1M[1]
Warningsshort runway, thin datanot computable: degenerate inputs, fortress balance sheet
Inputs computable5 of 14
Graded fromfilings received through Feb 26, 2026225 days before the rescan; every figure keyed to the SEC receipt date
Last close$1.832026-10-08; market equity $233.5M; 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
$2$4NovDecJanFebMarAprMayJunJulAugSepOct$1.82
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, 2021nonen/aQ3

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 Feb 26, 2026; the document on sec.gov.

On June 9, 2021 (the “Closing Date”), Nautilus Biotechnology, Inc., a Delaware corporation (f/k/a ARYA Sciences Acquisition Corp III (“ARYA”)), consummated the business combination (the “Business Combination”) pursuant to the terms of that certain Business Combination Agreement, dated as of February 7, 2021 (the “Business Combination Agreement”), by and among ARYA, Mako Merger Sub, Inc., a Delaware corporation and wholly-owned subsidiary of ARYA (“Mako Merger Sub”), and Nautilus Subsidiary, Inc., a Delaware corporation (f/k/a Nautilus Biotechnology, Inc.) (“Legacy Nautilus”).

Warnings [top]

Short runway. cash runway is 3.1 months[2]
Thin data. 5 of 14 grade factors are computable; minimum is 7

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, sleeve percentile 71.0
Gross profitabilitynot computable28.5%
one or more required annual facts are missing
Return on invested capitalnot computable10.9%
one or more required annual facts are missing
Accruals ratio(3.8%)[1,3-5](7.4%)71.06212025-12-31
Gross margin stability, five yearsnot computable2.4 pts
five annual gross margins are required; found 0
Solvency, sleeve percentile 43.4
Twelve-month failure probability0.24%0.05%83.01012026-06-30
Altman Z double-primenot computable2.18
one or more required annual facts are missing
Net debt to EBITDAnot computable1.11x
one or more required annual facts are missing
Interest coveragenot computable3.77x
one or more required annual facts are missing
Current ratio13.33x[6-7]2.02x3.86662025-12-31
Growth and financing, sleeve percentile 68.3
Revenue growth, three-year compoundnot computable6.4%
four annual observations are required; found 0
Free cash flow growth, three-year compoundnot computable17.2%
current FCF must be positive and base FCF must exceed $100,000
Reinvestment ratenot computable14.3%
one or more required annual facts are missing
Asset growth, three years(18.3%)[1,5,8-9]5.0%91.35632025-12-31
Net share issuance, one year0.3%[10-11]0.5%45.34072026-02-19

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 497 Peers [top]

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.

MeasureValuePeer medianPercentileReading
Twelve-month price change, skipping the latest month15.1%2.2%61hotter than 61 of 100 peers
Distance from 52-week high(53.9%)(30.0%)22closer to its high than 22 of 100 peers
EBIT to enterprise valuenot computable1.5%required accounting or market input is missing
Free cash flow yield(22.4%)2.7%11pricier than 89 of 100 peers
Book value to price0.570.2377pricier than 23 of 100 peers
Sales to pricenot computable0.30required accounting or market input is missing
Composite equity issuance, five yearsnot computable3.9%a share count from five years earlier is required
Relative strength against the sector, log excess return(0.14)(0.26)61ahead of 61 of 100 peers

Inputs: market equity $231.6M; free cash flow -$52.0M; book equity $131.1M; cash $13.2M[12].

Diagnostics [top]

Diagnostics do not feed the grade.

Piotroski F-score: None of 9, period end 2025-12-31
Return on assets above zero(24.3%)✗ fail[3,5]
Operating cash flow above zero-$50.7M✗ fail[4]
Return on assets improved(1.1 pts)✗ fail[3,5,8,13]
Operating cash flow exceeds net income$8.3M✓ pass[3-4]
Long-term leverage felln/a[1,5,8]
Current ratio improved(407.8 pts)✗ fail[6-7,14-15]
No new shares issued0.3%✗ fail[10-11]
Gross margin improvedn/a
Asset turnover improvedn/a[5,8]
Cash, filings, liquidity
Cash and equivalents$13.2M[2]
Operating cash flow, four quarters-$50.2M[2,4,16-19]
Months of runway3.1
Late filings, two years0
NT 10-K or NT 10-Q
Days since last periodic filing73
10-Q received Jul 28, 2026
Median daily dollar volume$810,396
63 sessions
Days since newest grade input225

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$191.1M2025-12-312026-02-2610-Kfiling · viewer · series
2cashus-gaap:CashAndCashEquivalentsAtCarryingValue$13.2M2026-06-302026-07-2810-Qfiling · viewer · series
3net incomeus-gaap:NetIncomeLoss-$59.0M2025-12-312026-02-2610-Kfiling · viewer · series
4operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities-$50.7M2025-12-312026-02-2610-Kfiling · viewer · series
5assetsus-gaap:Assets$242.7M2024-12-312026-02-2610-Kfiling · viewer · series
6current assetsus-gaap:AssetsCurrent$106.0M2025-12-312026-02-2610-Kfiling · viewer · series
7current liabilitiesus-gaap:LiabilitiesCurrent$8.0M2025-12-312026-02-2610-Kfiling · viewer · series
8assetsus-gaap:Assets$305.6M2023-12-312025-02-2710-Kfiling · viewer · series
9assetsus-gaap:Assets$350.1M2022-12-312024-02-2810-Kfiling · viewer · series
10shares outstandingdei:EntityCommonStockSharesOutstanding126,564,4732026-02-192026-02-2610-Kfiling · viewer · series
11shares outstandingdei:EntityCommonStockSharesOutstanding126,148,4692025-02-212025-02-2710-Kfiling · viewer · series
12shares outstandingdei:EntityCommonStockSharesOutstanding127,255,2232026-07-242026-07-2810-Qfiling · viewer · series
13net incomeus-gaap:NetIncomeLoss-$70.8M2024-12-312026-02-2610-Kfiling · viewer · series
14current assetsus-gaap:AssetsCurrent$132.8M2024-12-312026-02-2610-Kfiling · viewer · series
15current liabilitiesus-gaap:LiabilitiesCurrent$7.6M2024-12-312026-02-2610-Kfiling · viewer · series
16operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities-$26.8M2026-06-302026-07-2810-Qfiling · viewer · series
17operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities-$13.1M2026-03-312026-04-2810-Qfiling · viewer · series
18operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities-$38.3M2025-09-302025-10-2810-Qfiling · viewer · series
19operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities-$27.3M2025-06-302026-07-2810-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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bull: Raphael Schön from Vienna, Austria, CC BY 2.0; bear: U. S. Fish and Wildlife Service - Northeast Region, Public domain; elk: Oregon Department of Fish & Wildlife, Public domain; tortoise: NPS, Public domain; sloth: Charles J. Sharp, CC BY-SA 3.0; fox: Cp9asngf, CC BY-SA 4.0; sector-business_equipment: Sangitiana Fararano, CC BY-SA 2.0; sector-healthcare: User:Squidonius, myself, and User:Beliason (assumed)., CC BY-SA 4.0; sector-manufacturing: unknown, CC BY-SA 2.0; sector-shops: Wilfredor, CC BY-SA 4.0; sector-consumer_nondurables: Nielsoncaetanosalmeron, CC BY 4.0; sector-utilities: Lijovklm, CC BY-SA 4.0; sector-consumer_durables: Stilfehler, CC BY-SA 4.0; sector-chemicals: PEO ACWA, CC BY 2.0; sector-energy: Arne Hückelheim, CC BY-SA 3.0; sector-telecom: Wikideas1, CC0; sector-other: Downtowngal, CC BY-SA 4.0.

Updated Oct 9, 2026