Is Sable Offshore going out of business?

SABLE OFFSHORE CORP. (SOC) Fundamentals

A quick summary of the latest filed figures while the full analysis loads.

SABLE OFFSHORE CORP. (SOC) scores 12 out of 100 on fundamentals, Distressed / Caution, based on SEC filing data.

Leading signal: Shares dilution YoY: 69.15% (YoY) - Heavy dilution suggests continuous equity raises; survival depends on external capital.

Five questions, kept separate

Survival - Critical

Under 1 mo of estimated runway from 2026-06-30, based on $21.6M of cash and short-term investments against $385M of annual burn. Adjusted shares outstanding increased 69.2% over the comparison year.

Business quality - Evidence incomplete

Only 35% of the Business Quality model is covered; the partial component result is not a company-level verdict.

Trajectory - Evidence incomplete

Comparable evidence covers 0% of this trajectory model. No comparable revenue evidence.

Valuation - Extreme expectations

-22.9% normalized FCF yield supports an extreme expectations Valuation assessment on the annual basis.

Event risk - Evidence unavailable

No active asserted adverse event was found in the available filing evidence. The filing evidence is stale or incomplete, so this is not proof of absence.

What the rules read

• Shares dilution YoY: 69.15% (YoY) - Heavy dilution suggests continuous equity raises; survival depends on external capital.
• ROE quality: -103.84%
• ROIC: -21.15%
• Capex intensity: 14.95%
• Return on Assets: -23.28%
• Asset Efficiency: 0.00x
• Cash Burn Deceleration: 98.99% QoQ improvement (Rapid improvement)
• Debt / Equity: 3.05x
• Debt Maturity Runway: 76% long-term
• Price / Earnings: Unprofitable (see Valuation)
• FCF margin: -68.05%
• Effective Tax Rate: 0.00% (loss-making)

Read from filings through 2026-08-10.

Price as of 2026-09-11.