Tearsheet

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -25%

Megatrend and thematic drivers
Megatrends include Precision Medicine. Themes include Targeted Therapies, and Biopharmaceutical R&D.

Weak multi-year price returns
2Y Excs Rtn is -111%, 3Y Excs Rtn is -168%

Very low revenue
Rev LTMTotal Revenue or Sales, Last Twelve Months is 0

Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -29 Mil

Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -59%

Key risks
DWTX key risks include [1] the potential loss of its core Halneuron asset and related intellectual property to Sealbond through a repurchase option.

0 Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -25%
1 Megatrend and thematic drivers
Megatrends include Precision Medicine. Themes include Targeted Therapies, and Biopharmaceutical R&D.
2 Weak multi-year price returns
2Y Excs Rtn is -111%, 3Y Excs Rtn is -168%
3 Very low revenue
Rev LTMTotal Revenue or Sales, Last Twelve Months is 0
4 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -29 Mil
5 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -59%
6 Key risks
DWTX key risks include [1] the potential loss of its core Halneuron asset and related intellectual property to Sealbond through a repurchase option.

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 6/5/2026

Dogwood Therapeutics (DWTX) stock has lost about 45% since 2/28/2026 because of the following key factors:

1. Significant going concern uncertainty and limited cash runway. Dogwood Therapeutics announced in fiscal Q1 2026 (ended March 31, 2026) that its cash on hand of $13.2 million provides an operational runway only into the fourth fiscal quarter of 2026. The company explicitly stated "substantial doubt about its ability to continue as a going concern" without securing additional financing beyond this period, a major red flag for investors.

2. Continued pre-revenue status and sustained operating losses. As a development-stage biopharmaceutical company, Dogwood Therapeutics reported no revenue in fiscal Q1 2026. While the company narrowed its net loss to $5.0 million (or -$0.15 per share), beating analyst estimates of -$0.26, the continued absence of revenue and ongoing operational burn underscore the high-risk profile and reliance on future milestones and financing.

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Updated on 6/5/2026

Dogwood Therapeutics (DWTX) stock has lost about 45% since 2/28/2026 because of the following key factors:

1. Significant going concern uncertainty and limited cash runway. Dogwood Therapeutics announced in fiscal Q1 2026 (ended March 31, 2026) that its cash on hand of $13.2 million provides an operational runway only into the fourth fiscal quarter of 2026. The company explicitly stated "substantial doubt about its ability to continue as a going concern" without securing additional financing beyond this period, a major red flag for investors.

2. Continued pre-revenue status and sustained operating losses. As a development-stage biopharmaceutical company, Dogwood Therapeutics reported no revenue in fiscal Q1 2026. While the company narrowed its net loss to $5.0 million (or -$0.15 per share), beating analyst estimates of -$0.26, the continued absence of revenue and ongoing operational burn underscore the high-risk profile and reliance on future milestones and financing.

3. Key clinical trial catalysts remain in the future, delaying potential value inflection. Despite progress, such as the Halneuron® Phase 2b trial being on track and SP16 receiving FDA Investigational New Drug (IND) clearance, top-line results for the critical Halneuron® trial are not anticipated until the fall of 2026. The lack of immediate positive clinical data during the specified period contributes to investor uncertainty and sustained selling pressure, especially for a company facing financial runway challenges.

4. Dilution from January 2026 financing to extend operational funding. In January 2026, Dogwood Therapeutics completed a financing round that provided gross proceeds of $12.5 million as part of a larger facility. While necessary for operations, such equity financings typically lead to the issuance of new shares, resulting in dilution for existing shareholders and contributing to downward pressure on the stock price.

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Stock Movement Drivers

Fundamental Drivers

The -45.6% change in DWTX stock from 2/28/2026 to 6/19/2026 was primarily driven by a -94.3% change in the company's Shares Outstanding (Mil).
(LTM values as of)22820266192026Change
Stock Price ($)2.851.55-45.6%
Change Contribution By: 
Total Revenues ($ Mil)000.0%
P/S Multiple0.0%
Shares Outstanding (Mil)234-94.3%
Cumulative Contribution0.0%

LTM = Last Twelve Months as of date shown

Market Drivers

2/28/2026 to 6/19/2026
ReturnCorrelation
DWTX-45.6% 
Market (SPY)9.2%36.3%
Sector (XLV)-6.4%18.8%

Fundamental Drivers

The -76.2% change in DWTX stock from 11/30/2025 to 6/19/2026 was primarily driven by a -94.3% change in the company's Shares Outstanding (Mil).
(LTM values as of)113020256192026Change
Stock Price ($)6.521.55-76.2%
Change Contribution By: 
Total Revenues ($ Mil)000.0%
P/S Multiple0.0%
Shares Outstanding (Mil)234-94.3%
Cumulative Contribution0.0%

LTM = Last Twelve Months as of date shown

Market Drivers

11/30/2025 to 6/19/2026
ReturnCorrelation
DWTX-76.2% 
Market (SPY)9.9%20.7%
Sector (XLV)-4.4%13.8%

Fundamental Drivers

The -70.1% change in DWTX stock from 5/31/2025 to 6/19/2026 was primarily driven by a -95.7% change in the company's Shares Outstanding (Mil).
(LTM values as of)53120256192026Change
Stock Price ($)5.181.55-70.1%
Change Contribution By: 
Total Revenues ($ Mil)000.0%
P/S Multiple0.0%
Shares Outstanding (Mil)134-95.7%
Cumulative Contribution0.0%

LTM = Last Twelve Months as of date shown

Market Drivers

5/31/2025 to 6/19/2026
ReturnCorrelation
DWTX-70.1% 
Market (SPY)28.1%23.0%
Sector (XLV)14.6%11.9%

Fundamental Drivers

The -96.4% change in DWTX stock from 5/31/2023 to 6/19/2026 was primarily driven by a -97.8% change in the company's Shares Outstanding (Mil).
(LTM values as of)53120236192026Change
Stock Price ($)43.001.55-96.4%
Change Contribution By: 
Total Revenues ($ Mil)000.0%
P/S Multiple0.0%
Shares Outstanding (Mil)134-97.8%
Cumulative Contribution0.0%

LTM = Last Twelve Months as of date shown

Market Drivers

5/31/2023 to 6/19/2026
ReturnCorrelation
DWTX-96.4% 
Market (SPY)85.7%5.9%
Sector (XLV)22.9%10.2%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
DWTX Return-32%-95%144%-83%67%-64%-99%
Peers Return32%20%15%8%23%3%151%
S&P 500 Return27%-19%24%23%16%8%98%

Monthly Win Rates [3]
DWTX Win Rate25%42%58%25%58%33% 
Peers Win Rate57%62%48%52%60%57% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
DWTX Max Drawdown-54%-97%-81%-91%-83%-68% 
Peers Max Drawdown-19%-19%-23%-22%-24%-16% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: VRTX, LLY, ABBV, PFE, AMGN.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 6/18/2026 (YTD)

How Low Can It Go

EventDWTXS&P 500
2025 US Tariff Shock
  % Loss-51.2%-18.8%
  % Gain to Breakeven105.1%23.1%
  Time to Breakeven172 days79 days
2024 Yen Carry Trade Unwind
  % Loss-34.9%-7.8%
  % Gain to Breakeven53.6%8.5%
  Time to Breakeven164 days18 days

Compare to VRTX, LLY, ABBV, PFE, AMGN

In The Past

Dogwood Therapeutics's stock fell -51.2% during the 2025 US Tariff Shock. Such a loss loss requires a 105.1% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventDWTXS&P 500
2025 US Tariff Shock
  % Loss-51.2%-18.8%
  % Gain to Breakeven105.1%23.1%
  Time to Breakeven172 days79 days
2024 Yen Carry Trade Unwind
  % Loss-34.9%-7.8%
  % Gain to Breakeven53.6%8.5%
  Time to Breakeven164 days18 days

Compare to VRTX, LLY, ABBV, PFE, AMGN

In The Past

Dogwood Therapeutics's stock fell -51.2% during the 2025 US Tariff Shock. Such a loss loss requires a 105.1% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Dogwood Therapeutics (DWTX)

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Dogwood Therapeutics Inc. (DWTX) is a development-stage biotechnology company dedicated to creating antiviral therapies. The company's core focus is on addressing diseases characterized by an abnormal immune response that is triggered by a viral infection. Operating in the pharmaceutical research and development sector, Dogwood Therapeutics aims to provide novel treatment options for conditions where underlying viral activity is believed to play a role in chronic illness.

The company's primary product candidates include IMC-1 and IMC-2. IMC-1 is a fixed-dose combination of famciclovir and celecoxib, currently being developed to treat fibromyalgia, a chronic widespread pain condition. Its second candidate, IMC-2, combines valacyclovir and celecoxib, and is under development for managing the debilitating symptoms associated with long COVID, such as fatigue, sleep disturbances, attention deficits, pain, autonomic dysfunction, and anxiety.

Dogwood Therapeutics targets distinct and significant patient populations suffering from chronic conditions like fibromyalgia and long COVID, which often present with complex and poorly understood etiologies. By developing therapies that address the viral-triggered immune component, the company aims to serve individuals seeking effective treatments for these challenging and often underserved medical conditions.

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AI Analysis | Feedback

1. An early-stage Gilead Sciences for chronic conditions like Long COVID, focused on antiviral-based therapies.

2. A biotech like an aspiring Vertex Pharmaceuticals, but one that innovates by combining existing antivirals for complex diseases instead of creating new molecules.

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  • IMC-1: A fixed dose combination of famciclovir and celecoxib developed to treat fibromyalgia.
  • IMC-2: A combination of valacyclovir and celecoxib aimed at managing the fatigue, sleep, attention, pain, autonomic function, and anxiety associated with long COVID.

AI Analysis | Feedback

Dogwood Therapeutics Inc. (DWTX) is a development-stage biotechnology company focused on bringing antiviral therapies to market. As described, the company's lead candidates, IMC-1 and IMC-2, are still in development and have not yet been commercialized. Consequently, Dogwood Therapeutics Inc. does not currently have major customers, as it is not yet selling products to individuals or other companies.

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Greg Duncan, Chief Executive Officer and Chairman

Mr. Duncan is the Chief Executive Officer and Chairman of the Board of Directors of Dogwood Therapeutics. He previously served as President and Chief Executive Officer of Celtaxsys, Inc., a privately held biotechnology company, where he secured capital to advance development candidates. Prior to Celtaxsys, he was an Executive Committee member at UCB, a specialty pharmaceutical company. Before UCB, Mr. Duncan held several executive U.S. and international appointments at Pfizer, including President of Pfizer's Latin America Operations and Senior Vice President of Marketing. He has also served as a director for various organizations, including Biotie Therapeutics and the Bio International Organization (BIO).

Angela Walsh, Chief Financial Officer, Secretary and Treasurer

Ms. Walsh is the Senior Vice President of Finance, Secretary and Treasurer of Dogwood Therapeutics, having joined the company in April 2020 and becoming CFO in October 2024. She has over three decades of experience in financial management and accounting, including expertise in mergers and acquisitions, strategic planning, and compliance. Before Dogwood, she was the VP of Finance for Celtaxsys, Inc., overseeing the company's financial and accounting activities. Prior to that, Ms. Walsh was the CFO for Green Circle Bio Energy, where she was part of the executive team that led a successful acquisition by Enviva Partners, LP, which subsequently conducted a $214 million initial public offering. Her career also includes roles at Vennskap, LLC, Atlanco, and Altea Therapeutics.

R. Michael Gendreau, Chief Medical Officer

Dr. Gendreau serves as the Chief Medical Officer of Dogwood Therapeutics. Before this role, he worked as a healthcare consultant specializing in biotechnology for Gendreau Consulting, LLC, providing services as Acting CMO to Dogwood Therapeutics since 2012. Dr. Gendreau's prior experience includes various positions at Cypress Bioscience, Inc., such as Vice President of Research and Development and Chief Medical Officer. He also held the role of Vice President of Research and Development and Chief Medical Officer for MicroProbe Corporation, a developer and manufacturer of DNA/RNA probe-based diagnostic products.

Ralph Grosswald, Senior Vice President of Operations

Mr. Grosswald has 25 years of experience in developing innovative drugs and medical devices. He was a founder and Vice President of Operations at Celtaxsys, Inc., where he managed operations, nonclinical development, and clinical trials. Previously, Mr. Grosswald founded GMP Companies, Inc., where he managed the development programs for the first Microinvasive Glaucoma Shunt and the LifeSync Wireless ECG. He began his career as a clinical trial coordinator at the Emory University School of Medicine.

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Key Risks to Dogwood Therapeutics (DWTX):

  1. Clinical Trial Failure and Regulatory Approval Risk: As a development-stage biotechnology company, Dogwood Therapeutics Inc.'s business prospects are entirely dependent on the successful outcome of its clinical trials for IMC-1 (fibromyalgia) and IMC-2 (long COVID), as well as obtaining regulatory approvals. Failure to demonstrate efficacy and safety in clinical trials, or the inability to secure necessary regulatory clearances, would severely jeopardize the company's ability to commercialize its product candidates and could lead to significant financial losses or the failure of the company.

  2. Commercialization and Market Adoption Risk: Even if Dogwood Therapeutics Inc. successfully obtains regulatory approval for IMC-1 or IMC-2, there is a significant risk associated with the successful commercialization and market adoption of these therapies. This includes competition from existing treatments for fibromyalgia, the rapidly evolving and complex treatment landscape for long COVID, potential challenges in market access and reimbursement, and the company's ability to effectively market and distribute its products. Factors such as pricing pressure, physician acceptance, and patient uptake will be critical for generating revenue and achieving profitability.

AI Analysis | Feedback

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AI Analysis | Feedback

Dogwood Therapeutics (DWTX) focuses on developing antiviral therapies for diseases such as fibromyalgia and long COVID. The addressable markets for their main products are as follows:

IMC-1 (Fibromyalgia)

The global fibromyalgia treatment market is estimated to be approximately $3.63 billion in 2025 and is projected to grow to approximately $5.16 billion by 2034. In North America, the market is expected to hold a leading position, with the U.S. market valued at $907.2 million in 2024.

IMC-2 (Long COVID)

The global COVID-19 therapeutics market, which is shifting towards therapies for long COVID, is projected to be $32.54 billion in 2025. Beyond direct therapeutics, the broader annual global economic cost of long COVID, due to factors like lost productivity and healthcare strain, is estimated to be approximately $1 trillion. Some analyses suggest a total cost reaching $3.7 trillion, which includes lost quality of life, lost earnings, and additional medical expenses.

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For Dogwood Therapeutics (DWTX), anticipated drivers of future revenue growth over the next 2-3 years are primarily linked to the clinical advancement and potential commercialization or strategic partnering of its pipeline assets, as the company is currently in a development stage with no commercialized products generating revenue.

  1. Successful Clinical Development and Partnering of Halneuron® for Chemotherapy-Induced Neuropathic Pain (CINP): Halneuron®, a lead product and a non-opioid, Nav 1.7 inhibitor, is currently in Phase 2b development for CINP, with top-line results from this trial anticipated in Q3 2026. Positive outcomes could lead to further clinical progression, potential regulatory approvals, or lucrative partnership agreements, including upfront and milestone payments, driving future revenue.
  2. Advancement and Potential Commercialization of IMC-2 for Long COVID: IMC-2, a combination of valacyclovir and celecoxib, is in Phase 2 development for Long COVID. Early investigator-initiated study data indicated clinically meaningful reductions in fatigue and sleep disturbance with a low dose, and the company is planning a larger Phase 2 study. Successful progression through these clinical stages could position IMC-2 as an early entrant in a market with significant unmet medical need, potentially attracting partnerships or leading to market entry within the longer end of the 2-3 year forecast.
  3. Strategic Partnerships for IMC-1 in Fibromyalgia: IMC-1, a fixed-dose combination of famciclovir and celecoxib for fibromyalgia, is considered "Phase 3 ready." Dogwood Therapeutics is actively exploring external partnerships to execute its Phase 3 program. The successful formation of such partnerships could generate significant upfront payments and milestone payments, contributing to revenue growth.
  4. Progression of SP16 IV for Chemotherapy-Induced Peripheral Neuropathy (CIPN): Dogwood Therapeutics holds a royalty-free, global license for SP16 IV, a clinical-stage development candidate poised to enter Phase 1b research for CIPN symptoms. The Phase 1b trial is fully funded by the National Cancer Institute, with an Investigational New Drug (IND) filing planned for Q4 2025 and patient dosing expected in the first half of 2026. While direct product sales may extend beyond the 2-3 year horizon, successful advancement through these early clinical stages enhances the company's pipeline value and could attract further investment or strategic collaborations.

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Share Issuance

  • In January 2026, Dogwood Therapeutics announced a registered direct offering and concurrent private placement of 4,386,037 common shares (or pre-funded warrants) and detachable warrants, with upfront gross proceeds expected to be $12.5 million, and a potential for an additional $14.4 million upon warrant exercises.
  • As part of the October 2024 business combination with Wex Pharmaceuticals, Sealbond, the sole stockholder of Wex, received 211,383 shares of common stock and 2,108.3854 shares of non-voting convertible preferred stock, representing approximately 94% of the combined entity's fully diluted ownership.
  • In May 2024, Virios Therapeutics (now Dogwood Therapeutics) completed a public offering of 8,500,000 shares at $0.20 per share, raising $1.7 million to fund preparations for the IMC-2 Long-COVID Phase 2b study and for general corporate purposes.

Inbound Investments

  • In October 2024, Dogwood Therapeutics secured $19.5 million in committed debt financing from an affiliate of CK Life Sciences as part of its business combination with Wex Pharmaceuticals. $16.5 million was funded at closing, with an additional $3 million expected in Q1 2025.
  • In March 2025, CK Life Sciences Int'l (CKLS), the largest shareholder of Dogwood Therapeutics, agreed to convert $19.5 million in outstanding debt, including accrued interest, into 284.2638 shares of Series A-1 Non-Voting Convertible Preferred Stock of the company.

Outbound Investments

  • In October 2024, Dogwood Therapeutics acquired Pharmagesic (Holdings) Inc., the parent company of Wex Pharmaceuticals, Inc., as part of the business combination that led to the formation of Dogwood Therapeutics.
  • Dogwood Therapeutics obtained a worldwide, royalty-free license for SP16, an LRP1 agonist, through an all-stock transaction with Serpin Pharma, intended for the development of treatments for cancer-related pain, specifically chemotherapy-induced peripheral neuropathy.

Capital Expenditures

  • Dogwood Therapeutics has reported an average capital expenditures (CapEx) of 0% over the past 5 years.
  • The company's primary focus for capital deployment is on research and development expenses, including ongoing clinical trials for its drug candidates like Halneuron, IMC-1, and IMC-2, as well as chronic toxicology programs and drug development and manufacturing costs.

Latest Trefis Analyses

TitleDate
0DASHBOARDS 
1Dogwood Therapeutics Earnings Notes12/16/2025
Title
0ARTICLES

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

DWTXVRTXLLYABBVPFEAMGNMedian
NameDogwood .Vertex P.Eli LillyAbbVie Pfizer Amgen  
Mkt Price1.55451.631,098.57216.4925.21337.60277.05
Mkt Cap0.1114.8982.7383.2143.5182.3162.9
Rev LTM012,21872,25062,81963,31437,22050,020
Op Inc LTM-294,66234,17220,84415,50810,56813,038
FCF LTM-163,71010,36819,9809,4838,5979,040
FCF 3Y Avg-111,9771,73419,0858,6038,8705,290
CFO LTM-164,24120,48021,22411,98410,75611,370
CFO 3Y Avg-112,40111,15820,10411,51710,34810,753

Growth & Margins

DWTXVRTXLLYABBVPFEAMGNMedian
NameDogwood .Vertex P.Eli LillyAbbVie Pfizer Amgen  
Rev Chg LTM-10.1%47.4%9.5%1.4%9.1%9.5%
Rev Chg 3Y Avg-9.9%37.9%3.6%-9.2%12.5%9.9%
Rev Chg Q-7.8%55.5%12.4%5.4%5.8%7.8%
QoQ Delta Rev Chg LTM-1.8%10.8%2.7%1.2%1.3%1.8%
Op Inc Chg LTM-86.5%1,214.0%73.3%61.4%3.1%41.9%51.7%
Op Inc Chg 3Y Avg-78.0%364.1%67.4%12.1%203.9%8.8%39.8%
Op Mgn LTM-38.2%47.3%33.2%24.5%28.4%33.2%
Op Mgn 3Y Avg-24.1%39.7%26.9%17.3%24.6%24.6%
QoQ Delta Op Mgn LTM-0.2%1.7%0.3%-0.7%3.7%0.3%
CFO/Rev LTM-34.7%28.3%33.8%18.9%28.9%28.9%
CFO/Rev 3Y Avg-21.5%19.2%34.7%18.9%30.7%21.5%
FCF/Rev LTM-30.4%14.4%31.8%15.0%23.1%23.1%
FCF/Rev 3Y Avg-17.7%0.3%33.0%14.0%26.4%17.7%

Valuation

DWTXVRTXLLYABBVPFEAMGNMedian
NameDogwood .Vertex P.Eli LillyAbbVie Pfizer Amgen  
Mkt Cap0.1114.8982.7383.2143.5182.3162.9
P/S-9.413.66.12.34.96.1
P/Op Inc-1.824.628.818.49.317.317.8
P/EBIT-1.822.727.543.113.515.519.1
P/E-1.826.538.9105.419.223.424.9
P/CFO-3.327.148.018.112.016.917.5
Total Yield-54.5%3.8%3.1%4.0%12.0%7.1%3.9%
Dividend Yield0.0%0.0%0.6%3.1%6.8%2.9%1.7%
FCF Yield 3Y Avg-80.0%1.8%0.2%5.4%5.7%5.2%3.5%
D/E0.00.00.00.20.40.30.1
Net D/E-0.3-0.00.00.20.40.20.1

Returns

DWTXVRTXLLYABBVPFEAMGNMedian
NameDogwood .Vertex P.Eli LillyAbbVie Pfizer Amgen  
1M Rtn-15.8%4.9%7.8%2.0%-2.2%1.8%1.9%
3M Rtn-48.3%-0.5%21.4%6.4%-5.0%-2.2%-1.4%
6M Rtn-76.0%-1.0%2.9%-3.0%3.4%4.6%0.9%
12M Rtn-67.7%0.7%40.9%20.5%12.9%20.1%16.5%
3Y Rtn-96.6%31.8%148.3%74.9%-22.8%61.9%46.9%
1M Excs Rtn-18.2%2.0%5.6%-0.7%-3.8%0.1%-0.3%
3M Excs Rtn-56.4%-14.9%6.4%-7.7%-20.0%-16.3%-15.6%
6M Excs Rtn-86.2%-11.0%-5.7%-11.9%-8.2%-5.5%-9.6%
12M Excs Rtn-92.9%-23.2%14.5%-4.8%-13.0%-5.5%-9.2%
3Y Excs Rtn-168.3%-39.7%80.1%2.6%-96.2%-4.9%-22.3%

Comparison Analyses

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Financials

Segment Financials

Revenue by Segment
$ Mil202520242023
Single segment000
Total000


Assets by Segment
$ Mil20252024202320222021
Single segment90944816
Total90944816


Price Behavior

Price Behavior
Market Price$1.55 
Market Cap ($ Bil)0.1 
First Trading Date12/17/2020 
Distance from 52W High-80.4% 
   50 Days200 Days
DMA Price$1.63$3.77
DMA Trenddowndown
Distance from DMA-4.7%-58.8%
 3M1YR
Volatility90.8%95.1%
Downside Capture538.75282.48
Upside Capture69.0873.50
Correlation (SPY)39.6%21.0%
DWTX Betas & Captures as of 5/31/2026

 1M2M3M6M1Y3Y
Beta5.162.202.171.291.670.97
Up Beta8.211.323.672.852.510.75
Down Beta-0.521.05-1.74-2.17-0.17-0.01
Up Capture526%65%96%-10%87%10%
Bmk +ve Days13283667141432
Stock +ve Days10172753121337
Down Capture638%662%347%264%192%112%
Bmk -ve Days7132757109318
Stock -ve Days10233468123396

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with DWTX
DWTX-66.1%94.8%-0.73-
Sector ETF (XLV)14.0%15.0%0.6611.1%
Equity (SPY)26.5%12.4%1.6121.2%
Gold (GLD)24.2%27.5%0.7716.4%
Commodities (DBC)19.8%18.8%0.83-3.2%
Real Estate (VNQ)11.0%13.7%0.525.8%
Bitcoin (BTCUSD)-40.0%42.5%-1.0816.9%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with DWTX
DWTX-59.6%218.2%0.26-
Sector ETF (XLV)5.4%14.7%0.199.7%
Equity (SPY)13.5%17.1%0.626.5%
Gold (GLD)17.1%18.3%0.761.4%
Commodities (DBC)7.5%19.4%0.29-0.4%
Real Estate (VNQ)1.9%18.9%0.009.1%
Bitcoin (BTCUSD)11.0%54.2%0.403.7%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with DWTX
DWTX-42.5%210.4%0.18-
Sector ETF (XLV)9.4%16.6%0.469.7%
Equity (SPY)15.3%18.0%0.737.0%
Gold (GLD)12.3%16.1%0.631.6%
Commodities (DBC)5.9%18.0%0.26-0.0%
Real Estate (VNQ)5.3%20.7%0.229.2%
Bitcoin (BTCUSD)60.0%66.8%1.003.9%

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Short Interest

Short Interest: As Of Date5292026
Short Interest: Shares Quantity0.1 Mil
Short Interest: % Change Since 5152026-40.0%
Average Daily Volume0.0 Mil
Days-to-Cover Short Interest1.5 days
Basic Shares Quantity33.5 Mil
Short % of Basic Shares0.2%

Earnings Returns History

Updated 6/17/2026
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 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
5/14/20266.5%-1.1%-17.2%
3/18/2026-7.8%-19.6%-51.6%
11/6/2025-6.5%4.9%7.9%
8/13/2025-1.0%-0.8%1.0%
5/8/2025-1.5%4.8%5.6%
11/7/20240.0%-33.3%-46.7%
8/8/2024-4.3%-6.3%-5.0%
5/9/2024-13.1%-5.2%-46.9%
...
SUMMARY STATS   
# Positive6510
# Negative151611
Median Positive5.9%4.9%20.5%
Median Negative-6.5%-7.6%-20.8%
Max Positive8.5%38.1%76.8%
Max Negative-31.2%-35.0%-51.6%
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 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
5/14/20266.5%-1.1%-17.2%
3/18/2026-7.8%-19.6%-51.6%
11/6/2025-6.5%4.9%7.9%
8/13/2025-1.0%-0.8%1.0%
5/8/2025-1.5%4.8%5.6%
11/7/20240.0%-33.3%-46.7%
8/8/2024-4.3%-6.3%-5.0%
5/9/2024-13.1%-5.2%-46.9%
2/29/2024-2.3%-2.6%26.1%
11/13/2023-10.5%-4.6%-20.8%
8/10/2023-31.2%-35.0%-36.4%
5/11/2023-7.0%-9.6%46.1%
3/14/2023-0.9%-5.8%76.8%
11/14/2022-10.5%-13.1%-29.9%
8/11/20228.5%-15.7%0.8%
5/12/20225.4%38.1%32.9%
3/17/20228.0%2.9%-16.8%
11/12/2021-2.9%-0.9%-18.5%
8/12/20213.7%-8.8%15.0%
5/13/2021-2.1%13.3%27.4%
3/18/2021-8.4%-17.2%-9.4%
SUMMARY STATS   
# Positive6510
# Negative151611
Median Positive5.9%4.9%20.5%
Median Negative-6.5%-7.6%-20.8%
Max Positive8.5%38.1%76.8%
Max Negative-31.2%-35.0%-51.6%

SEC Filings

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Report DateFiling DateFiling
03/31/202605/15/202610-Q
12/31/202503/18/202610-K
09/30/202511/07/202510-Q
06/30/202508/13/202510-Q
03/31/202505/09/202510-Q
12/31/202403/31/202510-K
09/30/202411/08/202410-Q
06/30/202408/09/202410-Q
03/31/202405/10/202410-Q
12/31/202303/01/202410-K
09/30/202311/13/202310-Q
06/30/202308/11/202310-Q
03/31/202305/12/202310-Q
12/31/202203/14/202310-K
09/30/202211/14/202210-Q
06/30/202208/12/202210-Q
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Report DateFiling DateFiling
03/31/202605/15/202610-Q
12/31/202503/18/202610-K
09/30/202511/07/202510-Q
06/30/202508/13/202510-Q
03/31/202505/09/202510-Q
12/31/202403/31/202510-K
09/30/202411/08/202410-Q
06/30/202408/09/202410-Q
03/31/202405/10/202410-Q
12/31/202303/01/202410-K
09/30/202311/13/202310-Q
06/30/202308/11/202310-Q
03/31/202305/12/202310-Q
12/31/202203/14/202310-K
09/30/202211/14/202210-Q
06/30/202208/12/202210-Q
03/31/202205/13/202210-Q
12/31/202103/18/202210-K
09/30/202111/12/202110-Q
06/30/202108/13/202110-Q
03/31/202105/14/202110-Q
12/31/202003/23/202110-K
09/30/202012/18/2020424B4
06/30/202008/28/2020S-1
Core Cache Last Updated: 6/19/2026