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Financial-condition grades for SEC filers

Company Report · as of Oct 9, 2026

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MethodCoverageAbout
VivoSim Labs, Inc.VIVS · healthcare
GradeBearEweakest fifth of 371 graded peers; percentile 95.1, sampling error 2.5 points; lower is stronger
Rank353 of 371
ProfitabilityCpercentile 52.4
SolvencyD/Epercentile 81.8
Growth and financingEpercentile 84.4
Reliability0.76 AUCfailure model, filers with under $12.5M assets; 95% interval 0.65 to 0.86; 63 events, 2020 to 2025
Peer failure rate0.60% a yearItem 1.03 bankruptcies, same asset band, 2012 to 2025
Size bandunder $12.5M assetstotal assets $7.4M[1]
Standard universeoutsiderevenue above $1M and assets above $10M[1-2]
Warningsdilution, short runway, late filernot computable: distress, fortress balance sheet
Inputs computable7 of 14
Graded fromfilings received through Jul 14, 202687 days before the rescan; every figure keyed to the SEC receipt date
Last close$0.182026-10-08; market equity $2.6M; 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
$2NovDecJanFebMarAprMayJunJulAugSepOctE$0.18
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
Mar 21, 2013nonen/aQ2
Jun 21, 2024nonen/aQ1
Jun 21, 2025E99.7Q2
Jul 21, 2026E95.9Q1

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 Jul 14, 2026; the document on sec.gov.

VivoSim Labs, Inc. ("VivoSim," “we,” “us,” “our,” the “Company” and “our Company”), is a pharmaceutical and biotechnology services company that is focused on providing testing of drugs and drug candidates in three-dimensional (“3D”) human tissue models of liver and intestine. We offer partners liver and intestinal toxicology insights using our new approach methodologies ("NAM") models. We anticipate accelerated adoption of human tissue models following the U.S. Food and Drug Administration ("FDA") announcement on April 10, 2025 to refine animal testing requirements in favor of these non-animal NAM methods.

Warnings [top]

Dilution. split-adjusted year-over-year share growth is 34.4%[3-4]
Short runway. cash runway is 2.0 months[5]
Late filer. found 2 NT 10-K/Q filings in the last eight quarters

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 52.4
Gross profitability1.8%[1-2,6]32.2%89.23722026-03-31
Return on invested capitalnot computable9.3%
one or more required annual facts are missing
Accruals ratio(27.4%)[1,7-9](6.6%)15.78112026-03-31
Gross margin stability, five yearsnot computable2.8 pts
five consecutive annual gross margins are required
Solvency, sleeve percentile 81.8
Twelve-month failure probabilitynot computable0.07%
four consecutive discrete net-income quarters are required; found 4
Altman Z double-prime(164.30)[1,10-15](0.31)97.27562026-03-31
Net debt to EBITDAnot computable1.82x
one or more required annual facts are missing
Interest coveragenot computable(4.51x)
interest expense must exceed $100,000
Current ratio2.38x[10-11]2.96x66.38392026-03-31
Growth and financing, sleeve percentile 84.4
Revenue growth, three-year compound(29.3%)[2,16-18]10.0%91.54152026-03-31
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%
pretax income must exceed the validity floor and imply a 0%-100% tax rate
Asset growth, three years(28.6%)[1,9,19-20]2.1%91.77042026-03-31
Net share issuance, one year34.4%[3-4]2.5%69.86342026-07-10

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 0.527; sampling error 2.5 percentile points on 371 peers.

Among 371 Peers [top]

ABCDEJNJ, Johnson & Johnson; C, percentile 44.9; market equity $618.1BJNJLLY, ELI Lilly & Co.; C, percentile 55.7; market equity $1.1TLLYABBV, AbbVie Inc.; D, percentile 63.2; market equity $481.4BABBVGILD, Gilead Sciences, Inc.; D/E, percentile 78.9; market equity $182.4BGILDMRK, Merck & Co., Inc.; D/E, percentile 80.8; market equity $351.3BMRKAMGN, Amgen Inc.; E, percentile 85.1; market equity $220.3BAMGNVIVS 95.1strongerweaker

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.

RankCompanyPercentileLetterWarnings
348Fortress Biotech, Inc. (FBIOP)

Fortress Biotech, Inc. (FBIOP)

Eweakest fifth; percentile 93.6

Nasdaq · Pharmaceutical Preparations

last close $17.95

Warnings: fortress balance sheet; 8 of 14 inputs

93.6Efortress balance sheet
349Co-Diagnostics, Inc. (CODX)

Co-Diagnostics, Inc. (CODX)

Eweakest fifth; percentile 94.1

Nasdaq · Surgical & Medical Instruments & Apparatus

market equity $6.8M; last close $1.10

Warnings: dilution, short runway, fortress balance sheet; 8 of 14 inputs

94.1Edilution, short runway, fortress balance sheet
350Kyntra BIO, Inc. (KYNB)

Kyntra BIO, Inc. (KYNB)

Eweakest fifth; percentile 94.3

Nasdaq · Pharmaceutical Preparations

market equity $24.1M; last close $5.83

No active warnings; 10 of 14 inputs

94.3E
351Celularity Inc. (CELU)

Celularity Inc. (CELU)

Eweakest fifth; percentile 94.6

Nasdaq · Pharmaceutical Preparations

market equity $47.4M; last close $1.48

Warnings: short runway, late filer; 8 of 14 inputs

94.6Eshort runway, late filer
352Silo Pharma, Inc. (SILO)

Silo Pharma, Inc. (SILO)

Eweakest fifth; percentile 94.9

Nasdaq · Pharmaceutical Preparations

market equity $2.3M; last close $1.41

Warnings: dilution, degenerate inputs, distress; 7 of 14 inputs

94.9Edilution, degenerate inputs, distress
353VivoSim Labs, Inc. (VIVS)

VivoSim Labs, Inc. (VIVS)

Eweakest fifth; percentile 95.1

Nasdaq · Biological Products, (No Diagnostic Substances)

market equity $2.6M; last close $0.18

Warnings: dilution, short runway, late filer; 7 of 14 inputs

95.1Edilution, short runway, late filer
354ALX Oncology Holdings Inc. (ALXO)

ALX Oncology Holdings Inc. (ALXO)

Eweakest fifth; percentile 95.4

Nasdaq · Pharmaceutical Preparations

market equity $163.2M; last close $1.18

Warnings: dilution, short runway, degenerate inputs, fortress balance sheet; 8 of 14 inputs

95.4Edilution, short runway, degenerate inputs, fortress balance sheet
355Biomerica Inc. (BMRA)

Biomerica Inc. (BMRA)

Eweakest fifth; percentile 95.7

Nasdaq · In Vitro & In Vivo Diagnostic Substances

market equity $8.7M; last close $1.87

Warnings: short runway; 7 of 14 inputs

95.7Eshort runway
356Bolt Biotherapeutics, Inc. (BOLT)

Bolt Biotherapeutics, Inc. (BOLT)

Eweakest fifth; percentile 95.9

Nasdaq · Pharmaceutical Preparations

market equity $7.0M; last close $3.61

Warnings: short runway, distress; 7 of 14 inputs

95.9Eshort runway, distress
357Pfizer Inc. (PFE)

Pfizer Inc. (PFE)

Eweakest fifth; percentile 96.2

NYSE · Pharmaceutical Preparations

market equity $158.6B; last close $27.83

No active warnings; 8 of 14 inputs

96.2E
358Dare Bioscience, Inc. (DARE)

Dare Bioscience, Inc. (DARE)

Eweakest fifth; percentile 96.5

Nasdaq · Pharmaceutical Preparations

market equity $11.8M; last close $0.76

Warnings: dilution; 7 of 14 inputs

96.5Edilution
Peer policyLetterPercentilePeers
all graded filers, equal sleevesE95.52204
sector peers, equal sleeves (the grade)E95.1371
same exchange, equal sleevesE95.41219
sector peers, equal inputsE96.2371

Each letter is one fifth of the 371 graded peers, about 74 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.

MeasureValuePeer medianPercentileReading
Twelve-month price change, skipping the latest month(90.0%)8.0%2hotter than 2 of 100 peers
Distance from 52-week high(94.7%)(31.4%)2closer to its high than 2 of 100 peers
EBIT to enterprise valuenot computable(1.5%)required accounting or market input is missing
Free cash flow yield(411.4%)(1.0%)2pricier than 98 of 100 peers
Book value to price(0.89)0.282pricier than 98 of 100 peers
Sales to price0.050.3116pricier than 84 of 100 peers
Composite equity issuance, five years302.0%20.3%96more equity-funded than 96 of 100 peers
Relative strength against the sector, log excess return(2.52)(0.14)2ahead of 2 of 100 peers

Inputs: market equity $2.6M; EBIT -$11.5M; free cash flow -$10.8M; book equity -$2.3M; sales $131,000; cash $1.7M[21].

Diagnostics [top]

Diagnostics do not feed the grade.

Piotroski F-score: None of 9, period end 2026-03-31
Return on assets above zero(94.5%)✗ fail[7,9]
Operating cash flow above zero-$10.8M✗ fail[8]
Return on assets improved(55.3 pts)✗ fail[7,9,19,22]
Operating cash flow exceeds net income$3.0M✓ pass[7-8]
Long-term leverage felln/a[1,9,19]
Current ratio improved(86.7 pts)✗ fail[10-11,23-24]
No new shares issued34.4%✗ fail[3-4]
Gross margin improved3.5 pts✓ pass[2,6,16,25]
Asset turnover improved(1.4 pts)✗ fail[2,9,16,19]
Cash, filings, liquidity
Cash and equivalents$1.7M[5]
Operating cash flow, four quarters-$10.1M[5,8,26-29]
Months of runway2.0
Late filings, two years2
NT 10-K or NT 10-Q
Days since last periodic filing58
10-Q received Aug 12, 2026
Median daily dollar volume$226,395
63 sessions
Days since newest grade input87

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$7.4M2026-03-312026-07-1410-Kfiling · viewer · series
2revenueus-gaap:RevenueFromContractWithCustomerExcludingAssessedTax$131,0002026-03-312026-07-1410-Kfiling · viewer · series
3shares outstandingdei:EntityCommonStockSharesOutstanding3,494,0712026-07-102026-07-1410-Kfiling · viewer · series
4shares outstandingdei:EntityCommonStockSharesOutstanding2,599,7972025-06-012025-07-2910-K/Afiling · viewer · series
5cashus-gaap:CashAndCashEquivalentsAtCarryingValue$1.7M2026-06-302026-08-1210-Qfiling · viewer · series
6cost of revenueus-gaap:CostOfGoodsAndServicesSold$02026-03-312026-07-1410-Kfiling · viewer · series
7net incomeus-gaap:NetIncomeLoss-$13.8M2026-03-312026-07-1410-Kfiling · viewer · series
8operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities-$10.8M2026-03-312026-07-1410-Kfiling · viewer · series
9assetsus-gaap:Assets$14.7M2025-03-312026-07-1410-Kfiling · viewer · series
10current assetsus-gaap:AssetsCurrent$6.6M2026-03-312026-07-1410-Kfiling · viewer · series
11current liabilitiesus-gaap:LiabilitiesCurrent$2.8M2026-03-312026-07-1410-Kfiling · viewer · series
12retained earningsus-gaap:RetainedEarningsAccumulatedDeficit-$356.0M2026-03-312026-07-1410-Kfiling · viewer · series
13operating incomeus-gaap:OperatingIncomeLoss-$11.5M2026-03-312026-07-1410-Kfiling · viewer · series
14book equityus-gaap:StockholdersEquity-$1.1M2026-03-312026-07-1410-Kfiling · viewer · series
15liabilitiesus-gaap:Liabilities$8.5M2026-03-312026-07-1410-Kfiling · viewer · series
16revenueus-gaap:RevenueFromContractWithCustomerExcludingAssessedTax$144,0002025-03-312026-07-1410-Kfiling · viewer · series
17revenueus-gaap:RevenueFromContractWithCustomerExcludingAssessedTax$109,0002024-03-312025-06-0510-Kfiling · viewer · series
18revenueus-gaap:RevenueFromContractWithCustomerExcludingAssessedTax$370,0002023-03-312024-05-3110-Kfiling · viewer · series
19assetsus-gaap:Assets$6.3M2024-03-312025-06-0510-Kfiling · viewer · series
20assetsus-gaap:Assets$20.3M2023-03-312024-05-3110-Kfiling · viewer · series
21shares outstandingdei:EntityCommonStockSharesOutstanding14,850,6122026-08-102026-08-1210-Qfiling · viewer · series
22net incomeus-gaap:NetIncomeLoss-$2.5M2025-03-312026-07-1410-Kfiling · viewer · series
23current assetsus-gaap:AssetsCurrent$12.1M2025-03-312026-07-1410-Kfiling · viewer · series
24current liabilitiesus-gaap:LiabilitiesCurrent$3.7M2025-03-312026-07-1410-Kfiling · viewer · series
25cost of revenueus-gaap:CostOfGoodsAndServicesSold$5,0002025-03-312026-07-1410-Kfiling · viewer · series
26operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities-$3.2M2026-06-302026-08-1210-Qfiling · viewer · series
27operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities-$8.6M2025-12-312026-02-1110-Qfiling · viewer · series
28operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities-$6.3M2025-09-302025-11-0610-Qfiling · viewer · series
29operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities-$3.9M2025-06-302026-08-1210-Qfiling · viewer · series

Limitations [top]

Grade boundary. Percentile 95.1 is 15.1 points from the nearest band edge; sampling error is 2.5 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.

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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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