Survival Watch
Every US-listed company whose latest SEC filing says, in the company's own words, that there is substantial doubt it can continue as a going concern. Where a figure is not in the filing, the row says so rather than filling it in.
Rebuilt from SEC filings made in the last twelve months.
How Survival is read
- Critical
- The evidence implies less than six months of runway or an equally severe combination of cash, debt, dilution and filing risk.
- Fragile
- A going-concern warning or weak funding evidence remains decisive, even where the reported cash runway is longer or cannot be estimated.
An ATM, shelf, contract or refinancing is shown as context. It does not by itself mean the risk is managed or solved.
| Filing evidence | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Loading the watch list. | |||||||||
A company appears here only when its own filing raises substantial doubt about continuing as a going concern, so this is a narrow slice of the market rather than a coverage list. A company that is missing has not filed that language. Runway is an estimate: reported cash and short-term investments divided by the last twelve months of negative free cash flow, which assumes the company keeps spending at the same rate and raises nothing. It is a directional guide, not a forecast, and it is not a prediction of bankruptcy.