Assay
Financial-condition grades for SEC filers
Company Report · as of Oct 9, 2026
|
| Pedevco Corp.PED · energy | |
|---|---|
| Grade |  C/Don the C/D boundary of 148 graded peers; percentile 56.5, sampling error 3.6 points; lower is stronger |
| Rank | 84 of 148 |
| Profitability | Bpercentile 30.4 |
| Solvency | Epercentile 86.9 |
| Growth and financing | Bpercentile 36.4 |
| 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 $375.9M[1] |
| Standard universe | insiderevenue above $1M and assets above $10M[1-2] |
| Warnings | dilution · fortress balance sheetnot computable: distress |
| Inputs computable | 7 of 14 |
| Graded from | filings received through Mar 31, 2026192 days before the rescan; every figure keyed to the SEC receipt date |
| Last close | $13.442026-10-08; market equity $178.6M; 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 31, 2026; the document on sec.gov.
– Regulation in the Oil and Gas Industry. However, actions taken by private parties in anticipation of, or to facilitate, a transition to a lower-GHG economy will affect us as well. For example, our cost of capital may increase if lenders or other market participants decline to invest in fossil fuel-related companies for regulatory or reputational reasons. Similarly, increased demand for low-carbon or renewable energy sources from consumers could reduce the demand for, and the price of, the products we produce. Technological changes, such as developments in renewable energy and low-carbon transportation, could also adversely affect demand for our products.
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 30.4 | |||||||
| Gross profitability | not computable | 17.5% | |||||
| required facts have no common fiscal period end | |||||||
| Return on invested capital | not computable | 6.0% | |||||
| required facts have no common fiscal period end | |||||||
| Accruals ratio | (8.4%) | [1,7-9] | (5.0%) | 30.4 | 271 | 2025-12-31 | |
| Gross margin stability, five years | not computable | 4.6 pts | |||||
| five annual gross margins are required; found 0 | |||||||
| Solvency, sleeve percentile 86.9 | |||||||
| Twelve-month failure probability | not computable | 0.06% | |||||
| latest liabilities, cash plus short-term investments, book equity, and shares are required | |||||||
| Altman Z double-prime | (0.37) | [1,10-15] | 1.48 | 77.5 | 152 | 2025-12-31 | |
| Net debt to EBITDA | not computable | 3.63x | |||||
| latest aligned inputs end 2019-12-31; latest annual assets end 2025-12-31 | |||||||
| Interest coverage | (5.58x) | [13,16] | 2.37x | 97.6 | 83 | 2025-12-31 | |
| Current ratio | 0.59x | [10-11] | 0.97x | 85.8 | 282 | 2025-12-31 | |
| Growth and financing, sleeve percentile 36.4 | |||||||
| Revenue growth, three-year compound | 15.1% | [2,17-19] | 0.7% | 7.7 | 222 | 2025-12-31 | |
| Free cash flow growth, three-year compound | not computable | (11.8%) | |||||
| four consecutive annual FCF observations are required; found 3 | |||||||
| Reinvestment rate | not computable | 59.0% | |||||
| required facts have no common fiscal period end | |||||||
| Asset growth, three years | 47.9% | [1,9,20-21] | 6.4% | 2.9 | 246 | 2025-12-31 | |
| Net share issuance, one year | 191.2% | [3-4] | 0.4% | 98.7 | 157 | 2026-03-27 | |
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 0.030; sampling error 3.6 percentile points on 148 peers.
Among 148 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 |
|---|---|---|---|---|
| 79 | Dawson Geophysical Co. (DWSN) Dawson Geophysical Co. (DWSN) Cmiddle fifth; percentile 53.1 Nasdaq · Oil & Gas Field Exploration Services market equity $80.4M; last close $2.60 Warnings: late filer; 8 of 14 inputs | 53.1 | C | late filer |
| 80 | Range Resources Corp. (RRC) Range Resources Corp. (RRC) Cmiddle fifth; percentile 53.7 NYSE · Crude Petroleum & Natural Gas market equity $9.5B; last close $40.77 No active warnings; 7 of 14 inputs | 53.7 | C | |
| 81 | Cadiz Inc. (CDZI) Cadiz Inc. (CDZI) Cmiddle fifth; percentile 54.8 Nasdaq · Water Supply last close $3.53 Warnings: short runway; 7 of 14 inputs | 54.8 | C | short runway |
| 82 | Cadiz Inc. (CDZIP) Cadiz Inc. (CDZIP) Cmiddle fifth; percentile 54.8 Nasdaq · Water Supply last close $21.38 Warnings: short runway; 7 of 14 inputs | 54.8 | C | short runway |
| 83 | Comstock Resources Inc. (CRK) Comstock Resources Inc. (CRK) Cmiddle fifth; percentile 55.8 NYSE · Crude Petroleum & Natural Gas market equity $4.0B; last close $13.71 No active warnings; 7 of 14 inputs | 55.8 | C | |
| 84 | Pedevco Corp. (PED) Pedevco Corp. (PED) C/Don the C/D boundary; percentile 56.5 NYSE · Crude Petroleum & Natural Gas market equity $171.2M; last close $13.44 Warnings: dilution, fortress balance sheet; 7 of 14 inputs | 56.5 | C/D | dilution, fortress balance sheet |
| 85 | UGI Corp. (UGI) UGI Corp. (UGI) C/Don the C/D boundary; percentile 57.1 NYSE · Gas & Other Services Combined market equity $7.9B; last close $36.92 No active warnings; 9 of 14 inputs | 57.1 | C/D | |
| 86 | Ormat Technologies, Inc. (ORA) Ormat Technologies, Inc. (ORA) C/Don the C/D boundary; percentile 57.8 NYSE · Electric Services market equity $5.5B; last close $88.61 No active warnings; 9 of 14 inputs | 57.8 | C/D | |
| 87 | CVR Energy Inc. (CVI) CVR Energy Inc. (CVI) C/Don the C/D boundary; percentile 58.5 NYSE · Petroleum Refining market equity $6.0B; last close $59.55 No active warnings; 8 of 14 inputs | 58.5 | C/D | |
| 88 | PPL Corp. (PPL) PPL Corp. (PPL) C/Don the C/D boundary; percentile 59.5 NYSE · Electric Services last close $34.10 No active warnings; 8 of 14 inputs | 59.5 | C/D | |
| 89 | PPL Corp. (PPLC) PPL Corp. (PPLC) C/Don the C/D boundary; percentile 59.5 NYSE · Electric Services last close $44.82 No active warnings; 8 of 14 inputs | 59.5 | C/D |
| Peer policy | Letter | Percentile | Peers |
|---|---|---|---|
| all graded filers, equal sleeves | C/D | 59.3 | 2204 |
| sector peers, equal sleeves (the grade) | C/D | 56.5 | 148 |
| same exchange, equal sleeves | C | 56.0 | 984 |
| sector peers, equal inputs | D | 73.5 | 148 |
Each letter is one fifth of the 148 graded peers, about 29 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 | 17.7% | 15.5% | 54 | hotter than 54 of 100 peers |
| Distance from 52-week high | (29.2%) | (15.4%) | 18 | closer to its high than 18 of 100 peers |
| EBIT to enterprise value | (4.9%) | 4.6% | 9 | pricier than 91 of 100 peers |
| Free cash flow yield | 13.7% | 1.3% | 96 | pricier than 4 of 100 peers |
| Book value to price | 1.17 | 0.53 | 91 | pricier than 9 of 100 peers |
| Sales to price | 0.27 | 0.45 | 19 | pricier than 81 of 100 peers |
| Composite equity issuance, five years | 120.8% | (7.2%) | 96 | more equity-funded than 96 of 100 peers |
| Relative strength against the sector, log excess return | (0.21) | 0.04 | 19 | ahead of 19 of 100 peers |
Inputs: market equity $171.2M; EBIT -$7.9M; free cash flow $23.4M; book equity $200.1M; sales $45.8M; debt $0; cash $10.8M[22].
Diagnostics [top]
Diagnostics do not feed the grade.
| Piotroski F-score: None of 9, period end 2025-12-31 | ||
|---|---|---|
| Return on assets above zero | (8.1%) | ✗ fail[7,9] |
| Operating cash flow above zero | $10.8M | ✓ pass[8] |
| Return on assets improved | (18.1 pts) | ✗ fail[7,9,20,23] |
| Operating cash flow exceeds net income | $21.1M | ✓ pass[7-8] |
| Long-term leverage fell | n/a[1,9,20] | |
| Current ratio improved | (132.8 pts) | ✗ fail[10-11,24-25] |
| No new shares issued | 191.2% | ✗ fail[3-4] |
| Gross margin improved | n/a | |
| Asset turnover improved | 3.4 pts | ✓ pass[2,9,17,20] |
| Cash, filings, liquidity | |
|---|---|
| Cash and equivalents | $10.8M[26] |
| Operating cash flow, four quarters | $31.1M[8,26-30] |
| Months of runway | not finite |
| trailing operating cash flow is nonnegative, so runway is not finite | |
| Late filings, two years | 0 |
| NT 10-K or NT 10-Q | |
| Days since last periodic filing | 57 |
| 10-Q received Aug 13, 2026 | |
| Median daily dollar volume | $234,222 |
| 63 sessions | |
| Days since newest grade input | 192 |
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 | $375.9M | 2025-12-31 | 2026-03-31 | 10-K | filing · viewer · series |
| 2 | revenue | us-gaap:Revenues | $45.8M | 2025-12-31 | 2026-03-31 | 10-K | filing · viewer · series |
| 3 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 13,300,621 | 2026-03-27 | 2026-03-31 | 10-K | filing · viewer · series |
| 4 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 91,339,385 | 2025-03-28 | 2025-10-31 | 10-K/A | filing · viewer · series |
| 5 | cash | us-gaap:CashAndCashEquivalentsAtCarryingValue | $22.4M | 2019-12-31 | 2021-03-23 | 10-K | filing · viewer · series |
| 6 | total debt | us-gaap:LongTermDebt | $0 | 2019-12-31 | 2020-03-30 | 10-K | filing · viewer · series |
| 7 | net income | us-gaap:NetIncomeLoss | -$10.4M | 2025-12-31 | 2026-03-31 | 10-K | filing · viewer · series |
| 8 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $10.8M | 2025-12-31 | 2026-03-31 | 10-K | filing · viewer · series |
| 9 | assets | us-gaap:Assets | $128.3M | 2024-12-31 | 2026-03-31 | 10-K | filing · viewer · series |
| 10 | current assets | us-gaap:AssetsCurrent | $37.8M | 2025-12-31 | 2026-03-31 | 10-K | filing · viewer · series |
| 11 | current liabilities | us-gaap:LiabilitiesCurrent | $64.5M | 2025-12-31 | 2026-03-31 | 10-K | filing · viewer · series |
| 12 | retained earnings | us-gaap:RetainedEarningsAccumulatedDeficit | -$121.9M | 2025-12-31 | 2026-03-31 | 10-K | filing · viewer · series |
| 13 | operating income | us-gaap:OperatingIncomeLoss | -$7.9M | 2025-12-31 | 2026-03-31 | 10-K | filing · viewer · series |
| 14 | book equity | us-gaap:StockholdersEquity | $207.4M | 2025-12-31 | 2026-03-31 | 10-K | filing · viewer · series |
| 15 | liabilities | us-gaap:Liabilities | $168.5M | 2025-12-31 | 2026-03-31 | 10-K | filing · viewer · series |
| 16 | interest expense | us-gaap:InterestExpense | $1.4M | 2025-12-31 | 2026-03-31 | 10-K | filing · viewer · series |
| 17 | revenue | us-gaap:Revenues | $39.6M | 2024-12-31 | 2026-03-31 | 10-K | filing · viewer · series |
| 18 | revenue | us-gaap:Revenues | $30.8M | 2023-12-31 | 2025-10-31 | 10-K/A | filing · viewer · series |
| 19 | revenue | us-gaap:Revenues | $30.0M | 2022-12-31 | 2024-03-18 | 10-K | filing · viewer · series |
| 20 | assets | us-gaap:Assets | $122.7M | 2023-12-31 | 2025-10-31 | 10-K/A | filing · viewer · series |
| 21 | assets | us-gaap:Assets | $116.1M | 2022-12-31 | 2024-03-18 | 10-K | filing · viewer · series |
| 22 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 13,290,902 | 2026-08-11 | 2026-08-13 | 10-Q | filing · viewer · series |
| 23 | net income | us-gaap:NetIncomeLoss | $12.3M | 2024-12-31 | 2026-03-31 | 10-K | filing · viewer · series |
| 24 | current assets | us-gaap:AssetsCurrent | $13.2M | 2024-12-31 | 2026-03-31 | 10-K | filing · viewer · series |
| 25 | current liabilities | us-gaap:LiabilitiesCurrent | $6.9M | 2024-12-31 | 2026-03-31 | 10-K | filing · viewer · series |
| 26 | cash | us-gaap:CashAndCashEquivalentsAtCarryingValue | $10.8M | 2026-06-30 | 2026-08-13 | 10-Q | filing · viewer · series |
| 27 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $25.9M | 2026-06-30 | 2026-08-13 | 10-Q | filing · viewer · series |
| 28 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $10.5M | 2026-03-31 | 2026-05-14 | 10-Q | filing · viewer · series |
| 29 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $12.9M | 2025-09-30 | 2025-11-14 | 10-Q | filing · viewer · series |
| 30 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $5.5M | 2025-06-30 | 2026-08-13 | 10-Q | filing · viewer · series |
Limitations [top]
Grade boundary. Percentile 56.5 is 3.5 points from the nearest band edge; sampling error is 3.6 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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