Assay

Financial-condition grades for SEC filers

Company Report · as of Oct 9, 2026

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MethodCoverageAbout
Palisade BIO, Inc.PALI · healthcare
GradeNonecomputable_factors_below_threshold: 4 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 $134.3M[1]
Standard universeoutsiderevenue above $1M and assets above $10M[1-2]
Warningsdilution, thin data, degenerate inputs · fortress balance sheetnot computable: distress
Inputs computable4 of 14
Graded fromfilings received through Mar 20, 2026203 days before the rescan; every figure keyed to the SEC receipt date
Last close$1.462026-10-08; market equity $253.6M; 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
$2NovDecJanFebMarAprMayJunJulAugSepOct$1.45
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, 2014nonen/aQ2
Apr 21, 2019nonen/aQ1
Apr 21, 2021nonen/aQ2
Apr 21, 2025nonen/aQ1
Mar 21, 2026nonen/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 Mar 20, 2026; the document on sec.gov.

We are a clinical-stage biopharmaceutical company developing next-generation, once-daily, oral phosphodiesterase-4 (“PDE4”) inhibitor prodrugs designed for targeted delivery to the terminal ileum and colon. Our lead clinical product candidate, PALI-2108, is being developed as a treatment for patients living with inflammatory bowel disease (“IBD”), including ulcerative colitis (“UC”) and Crohn’s disease (“CD”). We are committed to advancing a next generation of once daily, oral PDE4 inhibitor prodrugs to improve pharmacology, tolerability and convenience for patients with inflammatory and fibrotic diseases.

Warnings [top]

Dilution. split-adjusted year-over-year share growth is 3673.0%[3-4]
Thin data. 4 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]
Fortress balance sheet. cash minus debt is 10,408,000 USD; Altman Z is not used[5-6]

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 47.5
Gross profitabilitynot computable32.2%
one or more required annual facts are missing
Return on invested capitalnot computable9.3%
one or more required annual facts are missing
Accruals ratio(8.2%)[1,7-9](6.6%)47.58112025-12-31
Gross margin stability, five yearsnot computable2.8 pts
five annual gross margins are required; found 0
Solvency, sleeve percentile 1.4
Twelve-month failure probabilitynot computable0.07%
latest liabilities, cash plus short-term investments, book equity, and shares are required
Altman Z double-primenot computable(0.31)
latest aligned inputs end 2024-12-31; latest annual assets end 2025-12-31
Net debt to EBITDAnot computable1.82x
required facts have no common fiscal period end
Interest coveragenot computable(4.51x)
interest expense must exceed $100,000
Current ratio28.95x[10-11]2.96x1.48392025-12-31
Growth and financing, sleeve percentile 50.1
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%
one or more required annual facts are missing
Asset growth, three years104.3%[1,9,12-13]2.1%2.17042025-12-31
Net share issuance, one year3,673.0%[3-4]2.5%98.16342026-03-18

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 2026-10-08 close. None enters the grade. Percentile among graded peers with the same measure.

MeasureValuePeer medianPercentileReading
Twelve-month price change, skipping the latest month126.8%8.0%92hotter than 92 of 100 peers
Distance from 52-week high(48.2%)(31.4%)29closer to its high than 29 of 100 peers
EBIT to enterprise value(14.1%)(1.5%)28pricier than 72 of 100 peers
Free cash flow yield(4.8%)(1.0%)40pricier than 60 of 100 peers
Book value to price0.480.2869pricier than 31 of 100 peers
Sales to price0.000.310pricier than 100 of 100 peers
Composite equity issuance, five years1,072.2%20.3%99more equity-funded than 99 of 100 peers
Relative strength against the sector, log excess return0.61(0.14)92ahead of 92 of 100 peers

Inputs: market equity $252.7M; EBIT -$18.1M; free cash flow -$12.2M; book equity $121.7M; sales $0; debt $87,000; cash $125.2M[14].

Diagnostics [top]

Diagnostics do not feed the grade.

Piotroski F-score: None of 9, period end 2025-12-31
Return on assets above zero(154.2%)✗ fail[7,9]
Operating cash flow above zero-$10.8M✗ fail[8]
Return on assets improved(51.5 pts)✗ fail[7,9,12,15]
Operating cash flow exceeds net income$5.9M✓ pass[7-8]
Long-term leverage felln/a[1,9,12]
Current ratio improved2,570.9 pts✓ pass[10-11,16-17]
No new shares issued3,673.0%✗ fail[3-4]
Gross margin improvedn/a
Asset turnover improved0.0 pts✗ fail[2,9,12,18]
Cash, filings, liquidity
Cash and equivalents$125.2M[19]
Operating cash flow, four quarters-$18.2M[8,19-23]
Months of runway82.6
Late filings, two years0
NT 10-K or NT 10-Q
Days since last periodic filing60
10-Q received Aug 10, 2026
Median daily dollar volume$3.8M
63 sessions
Days since newest grade input203

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$134.3M2025-12-312026-03-2010-Kfiling · viewer · series
2revenueus-gaap:RevenueFromContractWithCustomerIncludingAssessedTax$02025-12-312026-03-2010-Kfiling · viewer · series
3shares outstandingdei:EntityCommonStockSharesOutstanding165,884,8172026-03-182026-03-2010-Kfiling · viewer · series
4shares outstandingdei:EntityCommonStockSharesOutstanding4,396,6462025-03-192025-03-2410-Kfiling · viewer · series
5cashus-gaap:CashAndCashEquivalentsAtCarryingValue$10.5M2021-12-312023-03-2210-Kfiling · viewer · series
6total debtus-gaap:LongTermDebt$87,0002021-12-312022-03-1710-Kfiling · viewer · series
7net incomeus-gaap:NetIncomeLoss-$16.8M2025-12-312026-03-2010-Kfiling · viewer · series
8operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities-$10.8M2025-12-312026-03-2010-Kfiling · viewer · series
9assetsus-gaap:Assets$10.9M2024-12-312026-03-2010-Kfiling · viewer · series
10current assetsus-gaap:AssetsCurrent$134.2M2025-12-312026-03-2010-Kfiling · viewer · series
11current liabilitiesus-gaap:LiabilitiesCurrent$4.6M2025-12-312026-03-2010-Kfiling · viewer · series
12assetsus-gaap:Assets$14.1M2023-12-312025-03-2410-Kfiling · viewer · series
13assetsus-gaap:Assets$15.8M2022-12-312024-03-2610-Kfiling · viewer · series
14shares outstandingdei:EntityCommonStockSharesOutstanding174,270,5582026-08-062026-08-1010-Qfiling · viewer · series
15net incomeus-gaap:NetIncomeLoss-$14.4M2024-12-312026-03-2010-Kfiling · viewer · series
16current assetsus-gaap:AssetsCurrent$10.5M2024-12-312026-03-2010-Kfiling · viewer · series
17current liabilitiesus-gaap:LiabilitiesCurrent$3.2M2024-12-312026-03-2010-Kfiling · viewer · series
18revenueus-gaap:RevenueFromContractWithCustomerExcludingAssessedTax$02024-12-312025-03-2410-Kfiling · viewer · series
19cashus-gaap:CashAndCashEquivalentsAtCarryingValue$125.2M2026-06-302026-08-1010-Qfiling · viewer · series
20operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities-$11.5M2026-06-302026-08-1010-Qfiling · viewer · series
21operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities-$3.9M2026-03-312026-05-1210-Qfiling · viewer · series
22operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities-$7.7M2025-09-302025-11-1010-Qfiling · viewer · series
23operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities-$4.2M2025-06-302026-08-1010-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
Photographs from Wikimedia Commons

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