Tearsheet

Graf Global (GRAF)

Market Price (10/31/2025): $10.645 | Market Cap: $61.2 Mil
Sector: Financials | Industry: Multi-Sector Holdings

Graf Global (GRAF)

Market Price (10/31/2025): $10.645
Market Cap: $61.2 Mil
Sector: Financials
Industry: Multi-Sector Holdings

Investment Highlights Why It Matters Which of these 2 stories sounds closer for this stock?

1. Generates cash flow

The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.

2. Riding a trend

Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 16%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 11%	Trading close to highs Dist 52W High is 0.0%	Very low revenue Rev LTMTotal Revenue or Sales, Last Twelve Months is 0
1	Low stock price volatility Vol 12M is 4.6%		Not profitable at operating income level Op Inc LTMOperating Income, Last Twelve Months is -0.9 Mil
2			Significant short interest Short Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 21

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 16%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 11%
1	Low stock price volatility Vol 12M is 4.6%
2	Trading close to highs Dist 52W High is 0.0%
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 -0.9 Mil
5	Significant short interest Short Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 21

Market Valuation & Key Metrics

Valuation
Key Metrics

	10/31/25	2024	2023	2022
Share Price CYE	$10.64	$10.09
Market Cap CYE ($ Mil)	61.2	290.1	-	-
Total Debt ($ Mil)	0.0	0.0	0.0	0.0
Total Cash ($ Mil)	0.1	0.5	0.0	0.0
Enterprise Value ($ Mil)	61.1	290.1
Valuation Ratios
P/S TTM	0.0	0.0	0.0	0.0
P/EBIT TTM	-69.5	-326.1	0.0	0.0
P/E TTM	6.3	33.1	0.0	0.0
Sector Ratios
P/S TTM (Sector)	3.0	3.0	2.8	2.7
P/EBIT TTM (Sector)	6.8	6.8	7.0	6.2
P/E TTM (Sector)	11.8	11.5	10.1	9.3

	10/31/25	2024	2023
Share Price CYE	$10.64	$10.09
Market Cap CYE ($ Mil)	61.2	290.1	-
Total Debt ($ Mil)	0.0	0.0	0.0
Total Cash ($ Mil)	0.1	0.5	0.0
Enterprise Value ($ Mil)	61.1	290.1
Valuation Ratios
P/S TTM	0.0	0.0	0.0
P/EBIT TTM	-69.5	-326.1	0.0
P/E TTM	6.3	33.1	0.0
Sector Ratios
P/S TTM (Sector)	3.0	3.0	2.8
P/EBIT TTM (Sector)	6.8	6.8	7.0
P/E TTM (Sector)	11.8	11.5	10.1

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GRAF Stock

Return (1M):

Factor Drivers of Stock Movement

The 1.5% change in GRAF stock from 7/31/2025 to 10/30/2025 was primarily driven by a 0.0% change in the company's Net Income Margin (%).

	7312025	10302025	Change
Stock Price ($)	10.49	10.64	1.48%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	0.00	0.00	�
Net Income Margin (%)	∞%	∞%	�
P/E Multiple	8.10	6.30	-22.22%
Shares Outstanding (Mil)	5.75	5.75	0.00%
Cumulative Contribution			�

LTM = Last Twelve Months as of date shown

The 3.3% change in GRAF stock from 5/1/2025 to 10/30/2025 was primarily driven by a 0.0% change in the company's Net Income Margin (%).

	5012025	10302025	Change
Stock Price ($)	10.30	10.64	3.35%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	0.00	0.00	�
Net Income Margin (%)	∞%	∞%	�
P/E Multiple	56.58	6.30	-88.87%
Shares Outstanding (Mil)	28.75	5.75	80.00%
Cumulative Contribution			�

LTM = Last Twelve Months as of date shown

The 6.3% change in GRAF stock from 10/30/2024 to 10/30/2025 was primarily driven by a 0.0% change in the company's P/E Multiple.

	10302024	10302025	Change
Stock Price ($)	10.01	10.64	6.32%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	�	0.00	�
Net Income Margin (%)	�	∞%	�
P/E Multiple	�	6.30	�
Shares Outstanding (Mil)	5.03	5.75	-14.43%
Cumulative Contribution			�

LTM = Last Twelve Months as of date shown

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Return vs. Risk

Price Returns Compared

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
GRAF Return	-	-	-	-	-	6%	5%
Peers Return							0%
S&P 500 Return	16%	27%	-19%	24%	23%	16%	110%
Monthly Win Rates [3]
GRAF Win Rate	-	-	-	-	100%	89%
Peers Win Rate						62%
S&P 500 Win Rate	58%	75%	42%	67%	75%	67%
Max Drawdowns [4]
GRAF Max Drawdown	-	-	-	-	-	-0%
Peers Max Drawdown
S&P 500 Max Drawdown	-31%	-1%	-25%	-1%	-2%	-15%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: BCAR, AEXA, BACC, BRR, CCCX.
[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] 2025 data is for the year up to 10/30/2025 (YTD)

How Low Can It Go

GRAF has limited trading history. Below is the Financials sector ETF (XLF) in its place.

Unique Key	Event	XLF	S&P 500
2022 Inflation Shock	2022 Inflation Shock
2022 Inflation Shock% Loss	% Loss	-26.9%	-25.4%
2022 Inflation Shock% Gain to Breakeven	% Gain to Breakeven	36.7%	34.1%
2022 Inflation ShockTime to Breakeven	Time to Breakeven	525 days	464 days
2020 Covid Pandemic	2020 Covid Pandemic
2020 Covid Pandemic% Loss	% Loss	-43.3%	-33.9%
2020 Covid Pandemic% Gain to Breakeven	% Gain to Breakeven	76.5%	51.3%
2020 Covid PandemicTime to Breakeven	Time to Breakeven	295 days	148 days
2018 Correction	2018 Correction
2018 Correction% Loss	% Loss	-26.1%	-19.8%
2018 Correction% Gain to Breakeven	% Gain to Breakeven	35.2%	24.7%
2018 CorrectionTime to Breakeven	Time to Breakeven	338 days	120 days
2008 Global Financial Crisis	2008 Global Financial Crisis
2008 Global Financial Crisis% Loss	% Loss	-83.7%	-56.8%
2008 Global Financial Crisis% Gain to Breakeven	% Gain to Breakeven	515.2%	131.3%
2008 Global Financial CrisisTime to Breakeven	Time to Breakeven	4470 days	1480 days

Compare to

In The Past

SPDR Select Sector Fund's stock fell -26.9% during the 2022 Inflation Shock from a high on 1/12/2022. A -26.9% loss requires a 36.7% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth over time.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Graf Global (GRAF)

Business Description

We are a blank check company incorporated on November 11, 2021 as a Cayman Islands exempted company for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. We have not selected any specific business combination target, and we have not, nor has anyone on our behalf, engaged in any substantive discussions, directly or indirectly, with any business combination target with respect to an initial business combination with us. However, members of our management team had been actively in discussions with potential business combination partners in their capacity as officers and directors of Graf Industrial Corp. (“GRAF I”) and Graf Acquisition Corp. IV (“GRAF IV” and, together with GRAF I, the “GRAF SPACs”), and we may pursue business combination partners that had previously been in discussions with the management teams of the GRAF SPACs. We may pursue an acquisition opportunity in any industry or geographic location. Our executive offices are located at 1790 Hughes Landing Blvd., Suite 400, The Woodlands, Texas.

Better Bets than Graf Global (GRAF)

	GRAF	Better Performance than GRAF
Metric	Value	Industry (Multi-Sector Holdings)
Total Yield	15.9%

	GRAF	Better Performance than GRAF
Metric	Value	Sector (Financials)
Total Yield	15.9%	MFC (16.9%), BAP (30.1%), ARCC (18.3%), ORI (17.3%), XP (73.6%)

	GRAF	Better Performance than GRAF
Metric	Value	All Other Sectors
Total Yield	15.9%	BABA (36.3%), TM (2018.7%), VZ (19.0%), CMCSA (20.0%), MO (16.3%)

		Best Bets In Financials Sector
	GRAF	DBRG	OTF	MTG	NMIH	CACC	ENVA	FNF	ACGL	APAM	FI
What You Pay
P/E	6.3	39.7	13.2	8.4	7.5	12.3	10.2	13.9	8.6	10.5	10.6
P/EBIT	-69.5	64.7	9.0	6.4	5.5	9.9	7.8	8.9	7.6	6.1	5.8
What You Get
Rev Chg Q	�	-102.4%	1,228.5%	-0.7%	7.2%	8.3%	16.3%	16.8%	22.4%	4.4%	8.0%
Rev Chg LTM	�	-84.8%	89.0%	2.2%	10.0%	12.5%	21.1%	7.4%	23.5%	10.0%	6.7%
Rev Chg 3Y Avg	�	125.8%	221.9%	1.2%	10.1%	6.9%	23.5%	-0.7%	29.8%	0.2%	7.5%
FCF/Rev 3Y Avg	�	101.2%	76.2%	62.2%	58.8%	57.1%	54.7%	50.8%	38.4%	29.0%	20.7%

[1] Choosing top 10 best bets from each sector quarterly is an alpha producing strategy vs sector benchmark
[2] Historical annualized return of 21%, alpha of 9.1%, and sharpe of 0.94

Trade Ideas

Select past ideas related to GRAF. For more, see Trefis Trade Ideas.

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
HLNE_9302025_Dip_Buyer_FCFYield	09302025	HLNE	Hamilton Lane	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	-14.4%	-14.4%	-14.4%
CNS_9302025_Dip_Buyer_ValueBuy	09302025	CNS	Cohen & Steers	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	5.9%	5.9%	-1.6%
JKHY_9262025_Monopoly_xInd_xCD_Getting_Cheaper	09262025	JKHY	Jack Henry & Associates	Monopoly	MY \| Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple	0.3%	0.3%	-2.1%
FDS_9192025_Monopoly_xInd_xCD_Getting_Cheaper	09192025	FDS	FactSet Research Systems	Monopoly	MY \| Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple	-7.7%	-7.7%	-7.7%
IBKR_9052025_Quality_Momentum_RoomToRun_10%	09052025	IBKR	Interactive Brokers	Quality	Q \| Momentum \| UpsideQuality Stocks with Momentum and Upside Buying quality stocks with strong momentum but still having room to run	15.0%	15.0%	0.0%

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
HLNE_9302025_Dip_Buyer_FCFYield	09302025	HLNE	Hamilton Lane	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	-14.4%	-14.4%	-14.4%
CNS_9302025_Dip_Buyer_ValueBuy	09302025	CNS	Cohen & Steers	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	5.9%	5.9%	-1.6%
JKHY_9262025_Monopoly_xInd_xCD_Getting_Cheaper	09262025	JKHY	Jack Henry & Associates	Monopoly	MY \| Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple	0.3%	0.3%	-2.1%
FDS_9192025_Monopoly_xInd_xCD_Getting_Cheaper	09192025	FDS	FactSet Research Systems	Monopoly	MY \| Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple	-7.7%	-7.7%	-7.7%
IBKR_9052025_Quality_Momentum_RoomToRun_10%	09052025	IBKR	Interactive Brokers	Quality	Q \| Momentum \| UpsideQuality Stocks with Momentum and Upside Buying quality stocks with strong momentum but still having room to run	15.0%	15.0%	0.0%

Recent Active Movers

1 Day Top Gainers

#	Ticker	Company	1D Rtn	YTD Rtn
1	GH	Guardant Health	27.9%	202.5%
2	GCI	Gannett	27.7%	3.8%
3	FORM	FormFactor	24.2%	34.7%
4	VIAV	Viavi Solutions	22.3%	69.3%
5	GSAT	Globalstar	22.2%	63.5%
6	MTSR	Metsera	22.1%	63729900.0%
7	PRM	Perimeter Solutions	21.1%	102.3%
8	CHRW	C.H. Robinson Worldwide	19.7%	52.6%
9	INSM	Insmed	16.3%	181.3%
10	CAH	Cardinal Health	15.4%	62.8%

1 Day Top Losers

#	Ticker	Company	1D Rtn	YTD Rtn
1	FMC	FMC	-46.5%	-66.6%
2	APLS	Apellis Pharmaceuticals	-31.0%	-35.0%
3	THRY	Thryv	-30.2%	-44.8%
4	SFM	Sprouts Farmers Market	-26.1%	-39.2%
5	IART	Integra Lifesciences	-23.5%	-47.9%
6	ITRI	Itron	-21.1%	0.4%
7	WOLF	Wolfspeed	-18.2%
8	CMG	Chipotle Mexican Grill	-18.2%	-46.1%
9	CI	Cigna	-17.4%	-9.2%
10	EME	EMCOR	-16.6%	43.0%

1 Week Top Gainers

#	Ticker	Company	1W Rtn	YTD Rtn
1	INBX	Inhibrx Biosciences	176.8%	409.8%
2	PUMP	ProPetro	71.2%	16.2%
3	RNA	Avidity Biosciences	43.5%	139.6%
4	DYN	Dyne Therapeutics	42.8%	-0.0%
5	GCI	Gannett	39.3%	3.8%
6	FORM	FormFactor	38.3%	34.7%
7	MBX	MBX Biosciences	35.1%	18.2%
8	BBNX	Beta Bionics	33.8%
9	GH	Guardant Health	33.3%	202.5%
10	LUMN	Lumen Technologies	32.7%	94.7%

1 Week Top Losers

#	Ticker	Company	1W Rtn	YTD Rtn
1	PMI	Picard Medical	-75.2%	5106.3%
2	LRN	Stride	-56.1%	-35.8%
3	NTLA	Intellia Therapeutics	-52.6%	5.2%
4	FMC	FMC	-48.7%	-66.6%
5	FI	Fiserv	-47.4%	-68.3%
6	VRNS	Varonis Systems	-43.8%	-21.2%
7	THRY	Thryv	-33.4%	-44.8%
8	NFE	New Fortress Energy	-30.5%	-91.9%
9	AKBA	Akebia Therapeutics	-29.5%	10.5%
10	UAMY	United States Antimony	-28.9%	371.2%

1 Month Top Gainers

#	Ticker	Company	1M Rtn	YTD Rtn
1	PRAX	Praxis Precision Medicines	279.1%	161.2%
2	INBX	Inhibrx Biosciences	131.0%	409.8%
3	PUMP	ProPetro	99.6%	16.2%
4	DYN	Dyne Therapeutics	88.4%	-0.0%
5	VICR	Vicor	85.4%	89.2%
6	CELC	Celcuity	74.6%	503.2%
7	GLUE	Monte Rosa Therapeutics	73.5%	87.5%
8	NVTS	Navitas Semiconductor	72.1%	251.8%
9	LUMN	Lumen Technologies	70.3%	94.7%
10	BALY	Ballys	63.4%	4.1%

1 Month Top Losers

#	Ticker	Company	1M Rtn	YTD Rtn
1	PMI	Picard Medical	-62.9%	5106.3%
2	LRN	Stride	-53.8%	-35.8%
3	FMC	FMC	-51.0%	-66.6%
4	FI	Fiserv	-48.3%	-68.3%
5	NFE	New Fortress Energy	-43.6%	-91.9%
6	VG	Venture Global	-41.7%
7	OGN	Organon	-40.2%	-55.0%
8	VRNS	Varonis Systems	-39.5%	-21.2%
9	ITGR	Integer	-38.5%	-52.2%
10	LENZ	LENZ Therapeutics	-37.9%	5.5%

Recent Active Movers

1 Day Top Gainers

#	Ticker	Company	1D Rtn	YTD Rtn
1	GH	Guardant Health	27.9%	202.5%
2	GCI	Gannett	27.7%	3.8%
3	FORM	FormFactor	24.2%	34.7%
4	VIAV	Viavi Solutions	22.3%	69.3%
5	GSAT	Globalstar	22.2%	63.5%
6	MTSR	Metsera	22.1%	63729900.0%
7	PRM	Perimeter Solutions	21.1%	102.3%
8	CHRW	C.H. Robinson Worldwide	19.7%	52.6%
9	INSM	Insmed	16.3%	181.3%
10	CAH	Cardinal Health	15.4%	62.8%

1 Day Top Losers

#	Ticker	Company	1D Rtn	YTD Rtn
1	FMC	FMC	-46.5%	-66.6%
2	APLS	Apellis Pharmaceuticals	-31.0%	-35.0%
3	THRY	Thryv	-30.2%	-44.8%
4	SFM	Sprouts Farmers Market	-26.1%	-39.2%
5	IART	Integra Lifesciences	-23.5%	-47.9%
6	ITRI	Itron	-21.1%	0.4%
7	WOLF	Wolfspeed	-18.2%
8	CMG	Chipotle Mexican Grill	-18.2%	-46.1%
9	CI	Cigna	-17.4%	-9.2%
10	EME	EMCOR	-16.6%	43.0%

1 Week Top Gainers

#	Ticker	Company	1W Rtn	YTD Rtn
1	INBX	Inhibrx Biosciences	176.8%	409.8%
2	PUMP	ProPetro	71.2%	16.2%
3	RNA	Avidity Biosciences	43.5%	139.6%
4	DYN	Dyne Therapeutics	42.8%	-0.0%
5	GCI	Gannett	39.3%	3.8%
6	FORM	FormFactor	38.3%	34.7%
7	MBX	MBX Biosciences	35.1%	18.2%
8	BBNX	Beta Bionics	33.8%
9	GH	Guardant Health	33.3%	202.5%
10	LUMN	Lumen Technologies	32.7%	94.7%

1 Week Top Losers

#	Ticker	Company	1W Rtn	YTD Rtn
1	PMI	Picard Medical	-75.2%	5106.3%
2	LRN	Stride	-56.1%	-35.8%
3	NTLA	Intellia Therapeutics	-52.6%	5.2%
4	FMC	FMC	-48.7%	-66.6%
5	FI	Fiserv	-47.4%	-68.3%
6	VRNS	Varonis Systems	-43.8%	-21.2%
7	THRY	Thryv	-33.4%	-44.8%
8	NFE	New Fortress Energy	-30.5%	-91.9%
9	AKBA	Akebia Therapeutics	-29.5%	10.5%
10	UAMY	United States Antimony	-28.9%	371.2%

Peer Comparisons for Graf Global

Financials

	GRAF	BCAR	AEXA	BACC	BRR	CCCX	Median
Name	Graf Glo.	D Boral .	American.	Blue Acq.	Columbus.	Churchil.
Mkt Price	10.64	10.05	11.48	10.06	10.21	17.86	10.43
Mkt Cap	0.1	-	-	-	-	-	0.1
Rev LTM	0	-	-	-	-	0	0
Op Inc LTM	-1	-	-	-	-	-0	-1
FCF LTM	-1	-	-	-	-	-1	-1
FCF 3Y Avg	-	-	-	-	-	-	-
CFO LTM	-1	-	-	-	-	-1	-1
CFO 3Y Avg	-	-	-	-	-	-	-

Growth & Margins

	GRAF	BCAR	AEXA	BACC	BRR	CCCX	Median
Name	Graf Glo.	D Boral .	American.	Blue Acq.	Columbus.	Churchil.
Rev Chg LTM	-	-	-	-	-	-	-
Rev Chg 3Y Avg	-	-	-	-	-	-	-
Rev Chg Q	-	-	-	-	-	-	-
QoQ Delta Rev Chg LTM	-	-	-	-	-	-	-
Op Mgn LTM	-	-	-	-	-	-	-
Op Mgn 3Y Avg	-	-	-	-	-	-	-
QoQ Delta Op Mgn LTM	-	-	-	-	-	-	-
CFO/Rev LTM	-	-	-	-	-	-	-
CFO/Rev 3Y Avg	-	-	-	-	-	-	-
FCF/Rev LTM	-	-	-	-	-	-	-
FCF/Rev 3Y Avg	-	-	-	-	-	-	-

Valuation

	GRAF	BCAR	AEXA	BACC	BRR	CCCX	Median
Name	Graf Glo.	D Boral .	American.	Blue Acq.	Columbus.	Churchil.
Mkt Cap	0.1	-	-	-	-	-	0.1
P/S	-	-	-	-	-	-	-
P/EBIT	-69.5	-	-	-	-	-	-69.5
P/E	6.3	-	-	-	-	-	6.3
P/CFO	-63.9	-	-	-	-	-	-63.9
Total Yield	15.9%	-	-	-	-	-	15.9%
Dividend Yield	0.0%	-	-	-	-	-	0.0%
FCF Yield 3Y Avg	-	-	-	-	-	-	-
D/E	0.0	-	-	-	-	-	0.0
Net D/E	-0.0	-	-	-	-	-	-0.0

Returns

	GRAF	BCAR	AEXA	BACC	BRR	CCCX	Median
Name	Graf Glo.	D Boral .	American.	Blue Acq.	Columbus.	Churchil.
1M Rtn	1.0%	1.2%	5.0%	0.6%	0.9%	38.9%	1.1%
3M Rtn	1.5%	-	-	-	-1.6%	76.0%	1.5%
6M Rtn	3.3%	-	-	-	-	-	3.3%
12M Rtn	6.3%	-	-	-	-	-	6.3%
3Y Rtn	-	-	-	-	-	-	-
1M Excs Rtn	-0.7%	-0.4%	3.5%	-1.1%	-0.8%	36.9%	-0.6%
3M Excs Rtn	-8.1%	-	-	-	-10.2%	66.8%	-8.1%
6M Excs Rtn	-18.4%	-	-	-	-	-	-18.4%
12M Excs Rtn	-10.8%	-	-	-	-	-	-10.8%
3Y Excs Rtn	-	-	-	-	-	-	-

Financials

Annual
Quarterly

$ Mil \| FY: 12/31	LTM	2024	2023	2022
Period End	6/30/2025	12/31/2024	12/31/2023	12/31/2022
Filing Date	8/13/2025	3/13/2025	6/27/2024	6/27/2024
Key Financials
Total Revenue	0	0	0	0
Net Income	10	5	-0	-0
EPS	0.35	0.30	-0.00	-0.03
Growth Rates
Total Revenue Growth	-	-	-	-
Net Income Growth	44430.5%	166189.7%	97.6%	-
Margins
Net Income Margin	-	-	-	-
Cash & Debt
Total Cash	0	0	0	�
Total Debt	0	0	0	0
Net Debt / (Cash)	-0	-0	0	�
Cash Flows
Net Cash from Operations	-1	-1	0	0
Free Cash from Operations	-1	-1	0	0
Returns to Shareholders
Dividends	0	-0	-0	-0
Share Repurchases	-0	-0	-0	-0

$ Mil \| FY: 12/31	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1
Period End	6/30/2025	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023
Filing Date	8/13/2025	5/14/2025	3/13/2025	11/14/2024	8/14/2024	6/27/2024	6/27/2024	11/14/2024	8/14/2024	6/27/2024
Key Financials Quarterly
Total Revenue	0	0	0	0	0	0	0	0	0	0
Net Income	2	2	2	3	0	-0	-0	0	0	-0
EPS	0.08	0.08	0.09	0.10	0.00	-0.00	-0.00	0.00	0.00	-0.00
Key Financials TTM
Total Revenue TTM	0	0	0	0	0	0	0	-	-	-
Net Income TTM	10	7	5	3	-0	-0	-0	-	-	-
Growth Rates Quarterly
Total Revenue Growth	-	-	-	-	-	-	-	-	-	-
Net Income Growth	8287.1%	4797.3%	79057.2%	-	-	-102566.7%	-	-	-	-
Margins Quarterly
Net Income Margin	-	-	-	-	-	-	-	-	-	-
Cash & Debt
Total Cash	0	0	0	1	1	-	0	-	-	-
Total Debt	0	0	0	0	0	0	0	0	0	0
Net Debt / (Cash)	-0	-0	-0	-1	-1	-	0	-	-	-
Cash Flows Quarterly
FCF from Operations	-0	-0	-0	-1	-0	0	0	0	0	0
Cash Flows TTM
FCF from Operations TTM	-1	-1	-1	-1	-0	0	0	-	-	-
Returns to Shareholders Quarterly
Dividends	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0
Return on Invested Capital (ROIC) Quarterly
ROIC	-0.3%	-0.5%	-0.4%	-0.3%	-0.1%	-294.3%	-40.5%	-	-	-
Return on Invested Capital (ROIC) TTM
ROIC TTM	-0.4%	-0.3%	-0.2%	-0.1%	-0.1%	-78.5%	-10.3%	-	-	-

Price Behavior

Price Behavior

Market Price	$10.64
Market Cap ($ Bil)	0.1
First Trading Date	08/16/2024
Distance from 52W High	0.0%
	50 Days	200 Days
DMA Price	$10.46	$10.02
DMA Trend	indeterminate	indeterminate
Distance from DMA	1.8%	6.3%
	3M	1YR
Volatility	8.6%	5.0%
Downside Capture	1.52	0.27
Upside Capture	8.42	6.68
Correlation (SPY)	-14.1%	-1.7%

GRAF Betas & Captures as of 9/30/2025

	1M	2M	3M	6M	1Y	3Y
Beta	0.13	-0.11	-0.08	-0.01	0.00	-0.00
Up Beta	-0.15	-0.63	-0.50	-0.02	-0.01	0.02
Down Beta	0.20	-0.01	0.04	-0.02	-0.01	0.04
Up Capture	20%	5%	6%	3%	3%	0%
Bmk +ve Days	13	23	35	74	144	420
Stock +ve Days	10	17	23	45	93	104
Down Capture	14%	3%	4%	-2%	-1%	-0%
Bmk -ve Days	8	19	29	52	107	330
Stock -ve Days	6	12	15	32	64	72

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

Short Interest

Short Interest: As Of Date	10152025
Short Interest: Shares Quantity	5,641
Short Interest: % Change Since 9302025	-2.8%
Average Daily Volume	273
Days-to-Cover Short Interest	20.66
Basic Shares Quantity	5,750,000
Short % of Basic Shares	0.1%

SEC Filings

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Report Date	Filing Date	Filing
6302025	8132025	10-Q 6/30/2025
3312025	5142025	10-Q 3/31/2025
12312024	3132025	10-K 12/31/2024
9302024	11142024	10-Q 9/30/2024
6302024	8142024	10-Q 6/30/2024
12312023	6272024	424B4 12/31/2023

Insider Activity

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0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

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Graf Global (GRAF)

Market Price (10/31/2025): $10.645 | Market Cap: $61.2 MilSector: Financials | Industry: Multi-Sector Holdings

Graf Global (GRAF)

Market Price (10/31/2025): $10.645Market Cap: $61.2 MilSector: FinancialsIndustry: Multi-Sector Holdings

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Market Price (10/31/2025): $10.645 | Market Cap: $61.2 Mil
Sector: Financials | Industry: Multi-Sector Holdings

Market Price (10/31/2025): $10.645
Market Cap: $61.2 Mil
Sector: Financials
Industry: Multi-Sector Holdings