Assay
Financial-condition grades for SEC filers
Company Report · as of Oct 9, 2026
|
| Arcadia Biosciences, Inc.RKDA · energy | |
|---|---|
| Grade |  Eweakest fifth of 148 graded peers; percentile 100.0, sampling error 3.6 points; lower is stronger |
| Rank | 148 of 148 |
| Profitability | Dpercentile 70.5 |
| Solvency | Dpercentile 68.9 |
| Growth and financing | Epercentile 93.4 |
| Reliability | 0.76 AUCfailure model, filers with under $12.5M assets; 95% interval 0.65 to 0.86; 63 events, 2020 to 2025 |
| Peer failure rate | 0.60% a yearItem 1.03 bankruptcies, same asset band, 2012 to 2025 |
| Size band | under $12.5M assetstotal assets $6.5M[1] |
| Standard universe | outsiderevenue above $1M and assets above $10M[1-2] |
| Warnings | distress · fortress balance sheetnot computable: dilution |
| Inputs computable | 8 of 14 |
| Graded from | filings received through Apr 30, 2026162 days before the rescan; every figure keyed to the SEC receipt date |
| Last close | $0.272026-10-08; market equity $656,510; 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 | ||||||||||||||||||||||||||||||||||||||||||||
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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 26, 2026; the document on sec.gov.
Arcadia has leveraged its history as a leader in science-based approaches to develop high value products and drive innovation in the consumer goods industry. Since acquiring the assets of Zola in May 2021, Arcadia has provided consumers with a way to rehydrate, reset, and reenergize with Zola coconut water products. Previously, Arcadia developed products, primarily in wheat, which it commercialized through the sale of food products, trait licensing and royalty agreements. On May 14, 2024, Arcadia sold its non-GMO Resistant Starch (“RS”) durum wheat trait to longtime partner Corteva Agriscience (“Corteva”) for total cash consideration of $4.0 million.
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 70.5 | |||||||
| Gross profitability | 26.9% | [1-2,5] | 17.5% | 13.8 | 81 | 2025-12-31 | |
| Return on invested capital | not computable | 6.0% | |||||
| pretax income must exceed the validity floor and imply a 0%-100% tax rate | |||||||
| Accruals ratio | 23.9% | [1,6-8] | (5.0%) | 99.6 | 271 | 2025-12-31 | |
| Gross margin stability, five years | 28.2 pts | [2,5,9-16] | 4.6 pts | 98.1 | 55 | 2025-12-31 | |
| Solvency, sleeve percentile 68.9 | |||||||
| Twelve-month failure probability | 11.60% | 0.06% | 100.0 | 12 | 2026-06-30 | ||
| Altman Z double-prime | (136.50) | [1,17-22] | 1.48 | 100.0 | 152 | 2025-12-31 | |
| Net debt to EBITDA | not computable | 3.63x | |||||
| EBITDA must exceed $100,000 | |||||||
| Interest coverage | not computable | 2.37x | |||||
| interest expense must exceed $100,000 | |||||||
| Current ratio | 3.09x | [17-18] | 0.97x | 6.8 | 282 | 2025-12-31 | |
| Growth and financing, sleeve percentile 93.4 | |||||||
| Revenue growth, three-year compound | (13.2%) | [2,9,11,13] | 0.7% | 86.9 | 222 | 2025-12-31 | |
| Free cash flow growth, three-year compound | not computable | (11.8%) | |||||
| current FCF must be positive and base FCF must exceed $100,000 | |||||||
| Reinvestment rate | not computable | 59.0% | |||||
| pretax income must exceed the validity floor and imply a 0%-100% tax rate | |||||||
| Asset growth, three years | (39.1%) | [1,8,23-24] | 6.4% | 100.0 | 246 | 2025-12-31 | |
| Net share issuance, one year | not computable | 0.4% | |||||
| prior share count is 35 days earlier | |||||||
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 0.572; 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 |
|---|---|---|---|---|
| 143 | Mammoth Energy Services, Inc. (TUSK) Mammoth Energy Services, Inc. (TUSK) Eweakest fifth; percentile 96.6 Nasdaq · Oil & Gas Field Services, NEC market equity $132.8M; last close $2.77 Warnings: fortress balance sheet; 7 of 14 inputs | 96.6 | E | fortress balance sheet |
| 144 | Cheniere Energy Partners, L.P. (CQP) Cheniere Energy Partners, L.P. (CQP) Eweakest fifth; percentile 97.3 NYSE · Natural Gas Distribution market equity $30.9B; last close $63.64 No active warnings; 7 of 14 inputs | 97.3 | E | |
| 145 | PBF Energy Inc. (PBF) PBF Energy Inc. (PBF) Eweakest fifth; percentile 98.0 NYSE · Petroleum Refining last close $89.35 No active warnings; 8 of 14 inputs | 98.0 | E | |
| 146 | Ocean Power Technologies, Inc. (OPTT) Ocean Power Technologies, Inc. (OPTT) Eweakest fifth; percentile 98.6 NYSE · Electric Services market equity $270,169; last close $0.91 Warnings: short runway, late filer, distress; 10 of 14 inputs | 98.6 | E | short runway, late filer, distress |
| 147 | Clean Energy Technologies, Inc. (CETY) Clean Energy Technologies, Inc. (CETY) Eweakest fifth; percentile 99.3 Nasdaq · Natural Gas Distribution market equity $12.4M; last close $0.99 Warnings: dilution, late filer; 8 of 14 inputs | 99.3 | E | dilution, late filer |
| 148 | Arcadia Biosciences, Inc. (RKDA) Arcadia Biosciences, Inc. (RKDA) Eweakest fifth; percentile 100.0 Nasdaq · Crude Petroleum & Natural Gas market equity $659,160; last close $0.27 Warnings: distress, fortress balance sheet; 8 of 14 inputs | 100.0 | E | distress, fortress balance sheet |
| Peer policy | Letter | Percentile | Peers |
|---|---|---|---|
| all graded filers, equal sleeves | E | 99.0 | 2204 |
| sector peers, equal sleeves (the grade) | E | 100.0 | 148 |
| same exchange, equal sleeves | E | 99.1 | 1219 |
| sector peers, equal inputs | E | 98.0 | 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 | (85.0%) | 15.5% | 0 | hotter than 0 of 100 peers |
| Distance from 52-week high | (95.0%) | (15.4%) | 0 | closer to its high than 0 of 100 peers |
| EBIT to enterprise value | not computable | 4.6% | enterprise value must exceed $100,000 | |
| Free cash flow yield | (718.9%) | 1.3% | 1 | pricier than 99 of 100 peers |
| Book value to price | 0.96 | 0.53 | 88 | pricier than 12 of 100 peers |
| Sales to price | 7.37 | 0.45 | 98 | pricier than 2 of 100 peers |
| Composite equity issuance, five years | 150.8% | (7.2%) | 97 | more equity-funded than 97 of 100 peers |
| Relative strength against the sector, log excess return | (2.27) | 0.04 | 0 | ahead of 0 of 100 peers |
Inputs: market equity $659,160; EBIT -$2.5M; free cash flow -$4.7M; book equity $633,000; sales $4.9M; debt $114,000; cash $4.2M[25].
Diagnostics [top]
Diagnostics do not feed the grade.
| Piotroski F-score: None of 9, period end 2025-12-31 | ||
|---|---|---|
| Return on assets above zero | (17.3%) | ✗ fail[6,8] |
| Operating cash flow above zero | -$4.7M | ✗ fail[7] |
| Return on assets improved | 18.4 pts | ✓ pass[6,8,23,26] |
| Operating cash flow exceeds net income | -$2.4M | ✗ fail[6-7] |
| Long-term leverage fell | n/a[1,8,23] | |
| Current ratio improved | (51.9 pts) | ✗ fail[17-18,27-28] |
| No new shares issued | n/a[29-30] | |
| Gross margin improved | (5.0 pts) | ✗ fail[2,5,9-10] |
| Asset turnover improved | 10.3 pts | ✓ pass[2,8-9,23] |
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 | $6.5M | 2025-12-31 | 2026-03-26 | 10-K | filing · viewer · series |
| 2 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $4.9M | 2025-12-31 | 2026-03-26 | 10-K | filing · viewer · series |
| 3 | cash | us-gaap:CashAndCashEquivalentsAtCarryingValue | $12.0M | 2018-12-31 | 2020-03-25 | 10-K | filing · viewer · series |
| 4 | total debt | us-gaap:LongTermDebt | $0 | 2018-12-31 | 2019-04-01 | 10-K | filing · viewer · series |
| 5 | cost of revenue | us-gaap:CostOfGoodsAndServicesSold | $3.1M | 2025-12-31 | 2026-03-26 | 10-K | filing · viewer · series |
| 6 | net income | us-gaap:NetIncomeLoss | -$2.3M | 2025-12-31 | 2026-03-26 | 10-K | filing · viewer · series |
| 7 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | -$4.7M | 2025-12-31 | 2026-03-26 | 10-K | filing · viewer · series |
| 8 | assets | us-gaap:Assets | $13.5M | 2024-12-31 | 2026-03-26 | 10-K | filing · viewer · series |
| 9 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $5.0M | 2024-12-31 | 2026-03-26 | 10-K | filing · viewer · series |
| 10 | cost of revenue | us-gaap:CostOfGoodsAndServicesSold | $3.0M | 2024-12-31 | 2026-03-26 | 10-K | filing · viewer · series |
| 11 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $4.5M | 2023-12-31 | 2025-03-25 | 10-K | filing · viewer · series |
| 12 | cost of revenue | us-gaap:CostOfGoodsAndServicesSold | $2.2M | 2023-12-31 | 2025-03-25 | 10-K | filing · viewer · series |
| 13 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $7.4M | 2022-12-31 | 2024-03-28 | 10-K | filing · viewer · series |
| 14 | cost of revenue | us-gaap:CostOfGoodsAndServicesSold | $6.1M | 2022-12-31 | 2024-03-28 | 10-K | filing · viewer · series |
| 15 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $6.8M | 2021-12-31 | 2023-03-30 | 10-K | filing · viewer · series |
| 16 | cost of revenue | us-gaap:CostOfGoodsAndServicesSold | $8.7M | 2021-12-31 | 2023-03-30 | 10-K | filing · viewer · series |
| 17 | current assets | us-gaap:AssetsCurrent | $6.4M | 2025-12-31 | 2026-03-26 | 10-K | filing · viewer · series |
| 18 | current liabilities | us-gaap:LiabilitiesCurrent | $2.1M | 2025-12-31 | 2026-03-26 | 10-K | filing · viewer · series |
| 19 | retained earnings | us-gaap:RetainedEarningsAccumulatedDeficit | -$281.2M | 2025-12-31 | 2026-03-26 | 10-K | filing · viewer · series |
| 20 | operating income | us-gaap:OperatingIncomeLoss | -$2.5M | 2025-12-31 | 2026-03-26 | 10-K | filing · viewer · series |
| 21 | book equity | us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest | $4.1M | 2025-12-31 | 2026-03-26 | 10-K | filing · viewer · series |
| 22 | liabilities | us-gaap:Liabilities | $2.4M | 2025-12-31 | 2026-03-26 | 10-K | filing · viewer · series |
| 23 | assets | us-gaap:Assets | $19.7M | 2023-12-31 | 2025-03-25 | 10-K | filing · viewer · series |
| 24 | assets | us-gaap:Assets | $28.9M | 2022-12-31 | 2024-03-28 | 10-K | filing · viewer · series |
| 25 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 2,409,211 | 2026-08-06 | 2026-08-13 | 10-Q | filing · viewer · series |
| 26 | net income | us-gaap:NetIncomeLoss | -$7.0M | 2024-12-31 | 2026-03-26 | 10-K | filing · viewer · series |
| 27 | current assets | us-gaap:AssetsCurrent | $9.2M | 2024-12-31 | 2026-03-26 | 10-K | filing · viewer · series |
| 28 | current liabilities | us-gaap:LiabilitiesCurrent | $2.6M | 2024-12-31 | 2026-03-26 | 10-K | filing · viewer · series |
| 29 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 2,056,884 | 2026-04-23 | 2026-04-30 | 10-K/A | filing · viewer · series |
| 30 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 2,056,884 | 2026-03-19 | 2026-03-26 | 10-K | filing · viewer · series |
| 31 | cash | us-gaap:CashAndCashEquivalentsAtCarryingValue | $4.2M | 2026-06-30 | 2026-08-13 | 10-Q | filing · viewer · series |
| 32 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | -$1.4M | 2026-06-30 | 2026-08-13 | 10-Q | filing · viewer · series |
| 33 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | -$1.1M | 2026-03-31 | 2026-05-14 | 10-Q | filing · viewer · series |
| 34 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | -$3.9M | 2025-09-30 | 2025-11-07 | 10-Q | filing · viewer · series |
| 35 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | -$3.6M | 2025-06-30 | 2026-08-13 | 10-Q | filing · viewer · series |
Limitations [top]
Grade boundary. Percentile 100.0 is 20.0 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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