Picard Medical (PMI)


Market Price (8/21/2026): $3.2 | Market Cap: $5.9 MilSector: Health Care | Industry: Life Sciences Tools & Services

Picard Medical (PMI)


Market Price (8/21/2026): $3.2
Market Cap: $5.9 Mil
Sector: Health Care
Industry: Life Sciences Tools & Services

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

0

Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 41%

Megatrend and thematic drivers
Megatrends include Biotechnology & Genomics, Precision Medicine, and Digital Health & Telemedicine. Themes include Advanced Diagnostics, Show more.

Weak multi-year price returns
2Y Excs Rtn is -72%, 3Y Excs Rtn is -106%

Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -16 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -248%

Stock price has recently run up significantly
6M Rtn6 month market price return is 128%

Significant share based compensation
SBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 31%

Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -255%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -255%

Valuation getting more expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 216%

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 -502%

High stock price volatility
Vol 12M is 3622%

Significant short interest
Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 201%

Key risks
PMI key risks include [1] its precarious financial health and a stated "going concern" risk, Show more.

0 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 41%
1 Megatrend and thematic drivers
Megatrends include Biotechnology & Genomics, Precision Medicine, and Digital Health & Telemedicine. Themes include Advanced Diagnostics, Show more.
2 Weak multi-year price returns
2Y Excs Rtn is -72%, 3Y Excs Rtn is -106%
3 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -16 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -248%
4 Stock price has recently run up significantly
6M Rtn6 month market price return is 128%
5 Significant share based compensation
SBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 31%
6 Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -255%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -255%
7 Valuation getting more expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 216%
8 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 -502%
9 High stock price volatility
Vol 12M is 3622%
10 Significant short interest
Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 201%
11 Key risks
PMI key risks include [1] its precarious financial health and a stated "going concern" risk, Show more.

PMI in ETFs

Weight = PMI's share of each fund

VTI0.00%

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 8/20/2026

Picard Medical (PMI) stock has gained about 565% since 4/30/2026 because of the following key factors:

1. Strong Financial Performance and Gross Margin Improvement in Early 2026.

Picard Medical demonstrated significant top-line growth and a positive shift in profitability. The announcement of fiscal Q1 2026 (ended March 31, 2026) results in May 2026 showed an 85% year-over-year revenue increase to $1.2 million, with gross profit turning positive at a 24% margin, a substantial improvement from a negative gross margin in the prior-year period. This positive momentum continued into fiscal Q2 2026 (ended June 30, 2026), where revenue grew 39% year-over-year to approximately $3.0 million, primarily driven by higher U.S. sales, and gross margin improved to approximately 20.9% from a gross loss in the comparable prior-year period.

2. Advancement of Next-Generation Emperor Total Artificial Heart (TAH) Program.

The company made substantial progress with its innovative Emperor Total Artificial Heart program. In June 2026, Picard Medical announced the successful completion of acute in vivo implant studies for the next-generation Emperor TAH, demonstrating stable full circulatory support and advancing towards a fully implantable system designed to improve patient mobility. This development was further underscored by presentations of the Emperor TAH's integrated architecture and engineering insights at major medical conferences in June and July 2026, showcasing the combination of proven SynCardia ventricles with an electromechanical drive system.

Show more
Updated on 8/20/2026

Picard Medical (PMI) stock has gained about 565% since 4/30/2026 because of the following key factors:

1. Strong Financial Performance and Gross Margin Improvement in Early 2026.

Picard Medical demonstrated significant top-line growth and a positive shift in profitability. The announcement of fiscal Q1 2026 (ended March 31, 2026) results in May 2026 showed an 85% year-over-year revenue increase to $1.2 million, with gross profit turning positive at a 24% margin, a substantial improvement from a negative gross margin in the prior-year period. This positive momentum continued into fiscal Q2 2026 (ended June 30, 2026), where revenue grew 39% year-over-year to approximately $3.0 million, primarily driven by higher U.S. sales, and gross margin improved to approximately 20.9% from a gross loss in the comparable prior-year period.

2. Advancement of Next-Generation Emperor Total Artificial Heart (TAH) Program.

The company made substantial progress with its innovative Emperor Total Artificial Heart program. In June 2026, Picard Medical announced the successful completion of acute in vivo implant studies for the next-generation Emperor TAH, demonstrating stable full circulatory support and advancing towards a fully implantable system designed to improve patient mobility. This development was further underscored by presentations of the Emperor TAH's integrated architecture and engineering insights at major medical conferences in June and July 2026, showcasing the combination of proven SynCardia ventricles with an electromechanical drive system.

3. Resolution of NYSE American Listing Compliance Issues.

A significant de-risking event occurred when NYSE American accepted Picard Medical's plan to regain compliance with its continued listing standards on July 27, 2026. This acceptance allowed PMI shares to continue trading, providing market stability and maintaining visibility for investors through a compliance period extending to November 8, 2027. As part of these efforts, the company completed a 1-for-50 reverse stock split on July 31, 2026, to meet listing requirements.

4. Significant Reduction in Senior Secured Debt.

Picard Medical notably strengthened its balance sheet by substantially reducing its Senior Secured Note. The unpaid principal on this debt decreased from $15.0 million at fiscal year-end 2025 to $1.4 million by the end of fiscal Q2 2026 (June 30, 2026). This reduction was achieved through approximately $9.1 million in cash repayments and an additional $4.7 million settled through the issuance of common stock and a cashless settlement.

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Stock Movement Drivers

Fundamental Drivers

The 565.9% change in PMI stock from 4/30/2026 to 8/20/2026 was primarily driven by a 558.4% change in the company's P/S Multiple.
(LTM values as of)43020268202026Change
Stock Price ($)0.463.03565.9%
Change Contribution By: 
Total Revenues ($ Mil)5627.3%
P/S Multiple0.10.9558.4%
Shares Outstanding (Mil)12-20.6%
Cumulative Contribution565.9%

LTM = Last Twelve Months as of date shown

Market Drivers

4/30/2026 to 8/20/2026
ReturnCorrelation
PMI565.9% 
Market (SPY)6.1%20.6%
Sector (XLV)18.1%-4.7%

Fundamental Drivers

The 73.1% change in PMI stock from 1/31/2026 to 8/20/2026 was primarily driven by a 123.6% change in the company's P/S Multiple.
(LTM values as of)13120268202026Change
Stock Price ($)1.753.0373.1%
Change Contribution By: 
Total Revenues ($ Mil)5632.0%
P/S Multiple0.40.9123.6%
Shares Outstanding (Mil)12-41.3%
Cumulative Contribution73.1%

LTM = Last Twelve Months as of date shown

Market Drivers

1/31/2026 to 8/20/2026
ReturnCorrelation
PMI73.1% 
Market (SPY)10.5%14.0%
Sector (XLV)11.9%-2.2%

Fundamental Drivers

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Market Drivers

7/31/2025 to 8/20/2026
ReturnCorrelation
PMI  
Market (SPY)21.7%11.3%
Sector (XLV)33.9%-1.8%

Fundamental Drivers

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Market Drivers

7/31/2023 to 8/20/2026
ReturnCorrelation
PMI  
Market (SPY)72.5%11.3%
Sector (XLV)34.5%-1.8%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
PMI Return-----62%88%-28%
Peers Return21%-21%7%10%22%1%38%
S&P 500 Return27%-19%24%23%16%13%105%

Monthly Win Rates [3]
PMI Win Rate----20%25% 
Peers Win Rate58%43%50%58%62%48% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
PMI Max Drawdown------93% 
Peers Max Drawdown-17%-34%-25%-18%-16%-26% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: JNJ, ABT, MDT, EW, ISRG.
[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 8/20/2026 (YTD)

How Low Can It Go

PMI has limited trading history. Below is the Health Care sector ETF (XLV) in its place.

EventXLVS&P 500
2025 US Tariff Shock
  % Loss-11.7%-18.8%
  % Gain to Breakeven13.3%23.1%
  Time to Breakeven142 days79 days
2022 Inflation Shock & Fed Tightening
  % Loss-13.8%-24.5%
  % Gain to Breakeven15.9%32.4%
  Time to Breakeven166 days427 days
2020 COVID-19 Crash
  % Loss-27.9%-33.7%
  % Gain to Breakeven38.8%50.9%
  Time to Breakeven77 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-15.0%-19.2%
  % Gain to Breakeven17.6%23.8%
  Time to Breakeven191 days105 days
2015-2016 China Devaluation / Global Growth Scare
  % Loss-15.9%-12.2%
  % Gain to Breakeven18.9%13.9%
  Time to Breakeven165 days62 days
2011 US Debt Ceiling Crisis & European Contagion
  % Loss-15.8%-17.9%
  % Gain to Breakeven18.8%21.8%
  Time to Breakeven153 days123 days

Compare to JNJ, ABT, MDT, EW, ISRG

In The Past

State Street Health Care Select Sector SPDR ETF's stock fell -11.7% during the 2025 US Tariff Shock. Such a loss loss requires a 13.3% 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.

PMI has limited trading history. Below is the Health Care sector ETF (XLV) in its place.

EventXLVS&P 500
2020 COVID-19 Crash
  % Loss-27.9%-33.7%
  % Gain to Breakeven38.8%50.9%
  Time to Breakeven77 days140 days
2008-2009 Global Financial Crisis
  % Loss-37.9%-53.4%
  % Gain to Breakeven61.1%114.4%
  Time to Breakeven767 days1085 days

Compare to JNJ, ABT, MDT, EW, ISRG

In The Past

State Street Health Care Select Sector SPDR ETF's stock fell -11.7% during the 2025 US Tariff Shock. Such a loss loss requires a 13.3% 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 Picard Medical (PMI)

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Patrick NJ Schnegelsberg Chief Executive Officer

Patrick NJ Schnegelsberg, 61, has served as Chief Executive Officer of Picard Medical, Inc. (PMI) and its wholly owned subsidiary SynCardia Systems LLC since July 5, 2023. He has over 25 years of executive leadership experience in the medical device industry. Before joining PMI, he was CEO of Syntach AB from December 2022 to July 2023 and held COO and CEO roles with the Occlutech Group and its subsidiaries from 2012 to 2021. Mr. Schnegelsberg has also held C-level positions with several European and U.S. medtech and biotech start-ups. He previously held director-level roles on Wall Street, conducted research at MIT, and is a graduate of Harvard Medical School and Clark University. He currently serves on the board of Acorai AB and is a former board member of Scandinavian Real Heart. In December 2025, he was elected to the Board of Directors of the Arizona Bioindustry Association (AZBio).

Bernard Skaggs Chief Financial Officer

Bernard Skaggs was appointed Chief Financial Officer of Picard Medical, Inc. (PMI) and SynCardia in November 2023. He brings over 30 years of experience in finance and accounting to the role. His career includes serving as Controller at Golden Vertex Corporation, Plant Controller at Asarco LLC, Controller Consultant at Experis, Plant Controller at Embraer Aero Seating Technologies, Accounting Manager at Cancer Prevention Pharmaceuticals, and various positions at Deloitte. Mr. Skaggs holds a BA from the University of Arizona, an MAcc from the University of Phoenix, and an MBA from Thunderbird. He is also a U.S. Army veteran.

Matthew Schuster Chief Operating Officer

Matthew Schuster serves as the Chief Operating Officer of Picard Medical, Inc.

AI Analysis | Feedback

The key risks for Picard Medical (symbol: PMI) are primarily centered around ongoing legal issues, financial instability, and product-specific challenges in the highly regulated medical device market.

  1. Securities Fraud and Stock Manipulation Lawsuit: Picard Medical is currently facing multiple class-action lawsuits alleging a fraudulent stock promotion scheme. These lawsuits claim that the company was involved in social media-based misinformation, the use of impersonated financial professionals, and that insiders or affiliates utilized offshore accounts to facilitate coordinated share dumping during a price inflation campaign. This alleged scheme led to a significant crash in Picard Medical's stock price.
  2. Financial Distress and Shareholder Dilution: The company exhibits signs of significant financial instability, including a falling stock price, declining annual total revenue, and increasing net losses from 2023 to 2024. Furthermore, Picard Medical has a negative price-to-book ratio, indicating that its liabilities exceed its assets. Investor confidence has been further eroded by concerns over potential shareholder dilution following an expanded equity incentive plan.
  3. High Reliance on a Single Product and Regulatory Environment: Picard Medical's business is heavily concentrated on the development, manufacturing, and commercialization of its implantable Total Artificial Heart (TAH), particularly the SynCardia TAH. While the SynCardia TAH is FDA and Health Canada approved, the company's significant reliance on this single core product exposes it to considerable risks should there be adverse developments related to its performance, regulatory changes, or increased competition within the highly specialized medical device industry.

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Picard Medical (PMI) Addressable Markets

Picard Medical (PMI) operates primarily in the Total Artificial Heart (TAH) market, manufacturing and commercializing the SynCardia TAH, an implantable system designed to assume the full function of a failed human heart in patients with advanced heart failure, serving as a bridge to heart transplantation.

The global addressable market for Total Artificial Hearts was valued at approximately USD 52.6 million in 2024 and is projected to grow to USD 223 million by 2032, exhibiting a Compound Annual Growth Rate (CAGR) of 23.5% during the forecast period. Another estimate places the global market at USD 132.68 million in 2025, with a projected increase to USD 435.85 million by 2032, growing at a CAGR of 18.5%. SynCardia, a subsidiary of Picard Medical, holds a near-total market share for commercially available, FDA-approved Total Artificial Hearts used as a bridge-to-transplantation.

AI Analysis | Feedback

Here are 3-5 expected drivers of future revenue growth for Picard Medical (symbol: PMI) over the next 2-3 years:

  1. Increased Sales and Rental Income of the SynCardia Total Artificial Heart (TAH): Picard Medical has reported strong sales growth for its SynCardia TAH, which is currently the only commercially available total artificial heart approved in the U.S. and Canada. The company's recent earnings reports highlight a significant increase in revenues, driven by both product sales and rental income, indicating continued growth from its flagship product.
  2. Global Market Expansion of the SynCardia Platform: The company's strategy includes efforts to expand the availability and access of its SynCardia platform in international markets. This global expansion aims to enhance Picard Medical's competitive positioning in the medical devices industry.
  3. Development and Commercialization of the Next-Generation Artificial Heart Platform (Emperor): Picard Medical is actively investing in and progressing with its next-generation, fully implantable total artificial heart platform, known as "Emperor." The capital raised from its recent initial public offering (IPO) is specifically intended to advance the development and eventual commercialization of this new product, which is a key future growth driver.

AI Analysis | Feedback

Capital Allocation Decisions (2021-2025) for Picard Medical (PMI)

Share Issuance

  • Picard Medical completed its Initial Public Offering (IPO) on August 29, 2025, raising $17 million in gross proceeds from the sale of 4,250,000 shares at $4.00 per share.
  • Underwriters fully exercised their over-allotment option on September 5, 2025, resulting in the issuance of an additional 637,500 shares at $4.00 per share, generating $2.55 million in gross proceeds.
  • In October 2025, stockholders approved an amendment to the 2021 Equity Incentive Plan, increasing the total shares available under the plan to 18,000,000 and adding warrants as an award type for future potential issuance.

Inbound Investments

  • In September 2021, Hunniwell, through its majority-held investment vehicle Picard Medical, Inc., purchased 85% of the ownership interest in SynCardia Systems, LLC.
  • Picard Medical entered into a definitive agreement in December 2025 for a private placement financing of up to $50.0 million in senior secured notes due 2028, along with warrants to purchase common stock, with an initial issuance of $15 million.

Outbound Investments

  • In July 2023, Picard Medical, Inc. agreed to acquire a majority ownership of SynCardia Medical (Beijing) Inc., a company responsible for the registration, sale, and distribution of the SynCardia Total Artificial Heart (TAH) in China, contingent on Picard Medical becoming publicly traded.

Capital Expenditures

  • While no specific dollar values for capital expenditures were publicly detailed, research and development is identified as an area requiring high capital expenditure for the company.

Peer Outperformance in Life Sciences Tools & Services

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Share of Life Sciences Tools & Services constituents that PMI has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
insufficient peer history
3Y
insufficient peer history
5Y
insufficient peer history
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Median price return by industry across the Health Care sector, ranked by 5Y. Life Sciences Tools & Services is PMI's own industry. Use this to see which corners of the sector have carried the returns.
Industry Names 1Y med3Y med5Y med Top 3 by 5Y
Health Care Distributors 7 4.4%78.3%158.4% CAH 396% · MCK 329% · COR 178%
Health Care Services 20 19.5%43.7%9.3% HIMS 348% · RDNT 152% · DGX 75%
Managed Health Care 8 32.5%-5.1%-1.2% OSCR 132% · HQY 65% · ELV 13%
Health Care Facilities 24 8.3%-2.6%-16.6% THC 275% · NHC 266% · ENSG 123%
Health Care Equipment 50 -1.5%-8.1%-22.2% POCI 10975% · UFPT 368% · GKOS 278%
Health Care Supplies 12 37.0%-13.7%-25.8% LNTH 301% · HAE 82% · MMSI 30%
Pharmaceuticals 63 6.0%-1.5%-32.0% LQDA 2643% · INDV 1326% · ETON 1259%
Health Care Technology 21 -17.7%-55.4%-70.5% SPOK 117% · HSTM -3% · VEEV -22%
Life Sciences Tools & Services ← 108 -0.5%-33.8%-71.0% SNWV 1900% · ELMD 249% · MEDP 243%
Biotechnology 365 10.3%-24.9%-77.8% BRTX 110200% · CELZ 1729% · DNTH 1587%
Median of constituents with a full price history over each window. Top names are unfiltered by size in this render.

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

PMIJNJABTMDTEWISRGMedian
NamePicard M.Johnson .Abbott L.MedtronicEdwards .Intuitiv. 
Mkt Price3.03267.37114.1492.3089.83374.48103.22
Mkt Cap0.0643.7198.7118.251.8132.6125.4
Rev LTM697,92946,58536,3636,51211,03423,699
Op Inc LTM-1626,2567,3466,8271,8303,4515,139
FCF LTM-1622,2287,8245,4261,4343,2234,324
FCF 3Y Avg-1319,4866,7515,2708541,8793,575
CFO LTM-1627,6089,9057,3301,7203,7065,518
CFO 3Y Avg-1325,0938,9477,0541,1272,7324,893

Growth & Margins

PMIJNJABTMDTEWISRGMedian
NamePicard M.Johnson .Abbott L.MedtronicEdwards .Intuitiv. 
Rev Chg LTM41.0%8.1%8.1%8.4%14.6%20.7%11.5%
Rev Chg 3Y Avg-6.0%5.1%5.2%13.1%18.4%6.0%
Rev Chg Q38.6%6.6%13.0%9.9%13.6%18.5%13.3%
QoQ Delta Rev Chg LTM15.0%1.6%3.2%2.5%3.3%4.3%3.3%
Op Inc Chg LTM-5.7%21.4%-2.2%4.4%15.2%31.0%9.8%
Op Inc Chg 3Y Avg-6.7%6.5%5.8%7.8%28.8%6.7%
Op Mgn LTM-248.1%26.8%15.8%18.8%28.1%31.3%22.8%
Op Mgn 3Y Avg-306.4%25.6%16.4%18.4%28.0%28.6%22.0%
QoQ Delta Op Mgn LTM17.0%0.0%-1.3%0.1%0.5%0.8%0.3%
CFO/Rev LTM-254.7%28.2%21.3%20.2%26.4%33.6%23.8%
CFO/Rev 3Y Avg-257.3%27.4%20.5%20.7%19.0%28.8%20.6%
FCF/Rev LTM-255.1%22.7%16.8%14.9%22.0%29.2%19.4%
FCF/Rev 3Y Avg-257.5%21.2%15.5%15.5%14.3%18.9%15.5%

Valuation

PMIJNJABTMDTEWISRGMedian
NamePicard M.Johnson .Abbott L.MedtronicEdwards .Intuitiv. 
Mkt Cap0.0643.7198.7118.251.8132.6125.4
P/S0.96.64.33.38.012.05.4
P/Op Inc-0.424.527.017.328.338.425.8
P/EBIT-0.224.624.017.334.838.424.3
P/E-0.230.636.624.651.542.233.6
P/CFO-0.423.320.116.130.135.821.7
Total Yield-497.8%5.2%4.9%7.1%1.9%2.4%3.6%
Dividend Yield0.0%2.0%2.1%3.1%0.0%0.0%1.0%
FCF Yield 3Y Avg-4.6%3.6%5.0%1.7%1.2%3.6%
D/E0.30.10.20.20.00.00.1
Net D/E0.30.00.10.2-0.1-0.00.1

Returns

PMIJNJABTMDTEWISRGMedian
NamePicard M.Johnson .Abbott L.MedtronicEdwards .Intuitiv. 
1M Rtn2,061.2%6.7%14.5%12.1%6.2%7.0%9.5%
3M Rtn2,048.9%16.0%31.0%19.2%8.0%-14.9%17.6%
6M Rtn127.8%9.5%3.1%-3.8%13.8%-25.0%6.3%
12M Rtn-34.0%53.2%-11.8%2.2%10.4%-22.1%-4.8%
3Y Rtn-34.0%74.4%17.0%24.8%17.7%30.6%21.3%
1M Excs Rtn2,059.3%2.7%11.6%10.8%4.6%8.0%9.4%
3M Excs Rtn1,864.7%14.5%27.3%16.4%5.5%-19.4%15.4%
6M Excs Rtn116.5%-1.9%-8.2%-15.1%2.5%-36.4%-5.1%
12M Excs Rtn-53.2%35.0%-30.2%-13.2%-5.4%-41.0%-21.7%
3Y Excs Rtn-106.2%-3.4%-56.4%-49.2%-59.7%-50.0%-53.2%

Comparison Analyses

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Financials

Segment Financials

Revenue by Segment
$ Mil2025202420232022
Products5454
Rentals0000
Total5454


Price Behavior

Price Behavior
Market Price$3.03 
Market Cap ($ Bil)0.2 
First Trading Date10/31/2013 
Distance from 52W High-77.0% 
   50 Days200 Days
DMA Price$3.81$3.81
DMA Trenddownup
Distance from DMA-20.5%-20.5%
 3M1YR
Volatility7,838.2%3,698.9%
Downside Capture594.39422.42
Upside Capture2342.12285.06
Correlation (SPY)21.1% 
PMI Betas & Captures as of 7/31/2026

 1M2M3M6M1Y3Y
Beta2.533.352.591.96-0.020.27
Up Beta1.97-6.58-4.42-0.84-0.02-1.08
Down Beta2.059.167.293.150.37-1.83
Up Capture177%525%-29%-33%-48%-5%
Bmk +ve Days11223567138427
Stock +ve Days51520428787
Down Capture374%326%389%273%182%102%
Bmk -ve Days11212859114326
Stock -ve Days7183272125125

[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 PMI
PMI-98.2%181.8%-1.47-
Sector ETF (XLV)27.8%15.9%1.352.3%
Equity (SPY)20.3%12.9%1.167.1%
Gold (GLD)36.2%28.7%1.077.9%
Commodities (DBC)44.1%20.2%1.69-0.5%
Real Estate (VNQ)13.3%13.8%0.66-1.1%
Bitcoin (BTCUSD)-38.8%43.2%-1.01-2.9%

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Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with PMI
PMI-55.2%181.8%-1.47-
Sector ETF (XLV)7.0%15.1%0.282.3%
Equity (SPY)12.8%17.2%0.577.1%
Gold (GLD)20.4%18.6%0.897.9%
Commodities (DBC)10.2%19.6%0.40-0.5%
Real Estate (VNQ)2.4%18.9%0.02-1.1%
Bitcoin (BTCUSD)9.3%52.7%0.36-2.9%

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Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with PMI
PMI-33.1%181.8%-1.47-
Sector ETF (XLV)10.6%16.7%0.522.3%
Equity (SPY)15.2%17.9%0.727.1%
Gold (GLD)12.4%16.2%0.637.9%
Commodities (DBC)8.1%18.1%0.37-0.5%
Real Estate (VNQ)4.9%20.7%0.20-1.1%
Bitcoin (BTCUSD)61.0%66.1%1.01-2.9%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date7312026
Short Interest: Shares Quantity3.7 Mil
Short Interest: % Change Since 7152026-75.8%
Average Daily Volume6.9 Mil
Days-to-Cover Short Interest1
Basic Shares Quantity1.9 Mil
Short % of Basic Shares200.9%

Earnings Returns History

Updated 7/21/2026
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 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
5/21/20267.1%4.6%23.7%
3/25/20263.0%5.1%-14.8%
11/14/202510.7%-9.8%-5.7%
SUMMARY STATS   
# Positive321
# Negative012
Median Positive7.1%4.8%23.7%
Median Negative -9.8%-10.3%
Max Positive10.7%5.1%23.7%
Max Negative -9.8%-14.8%
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 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
5/21/20267.1%4.6%23.7%
3/25/20263.0%5.1%-14.8%
11/14/202510.7%-9.8%-5.7%
SUMMARY STATS   
# Positive321
# Negative012
Median Positive7.1%4.8%23.7%
Median Negative -9.8%-10.3%
Max Positive10.7%5.1%23.7%
Max Negative -9.8%-14.8%

SEC Filings

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Report DateFiling DateFiling
06/30/202608/19/202610-Q
03/31/202605/15/202610-Q
12/31/202503/30/202610-K
09/30/202511/14/202510-Q
06/30/202509/12/202510-Q
03/31/202509/02/2025424B4
09/30/202401/24/2025DRS/A
06/30/202411/12/2024DRS/A
03/31/202408/23/2024DRS
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Report DateFiling DateFiling
06/30/202608/19/202610-Q
03/31/202605/15/202610-Q
12/31/202503/30/202610-K
09/30/202511/14/202510-Q
06/30/202509/12/202510-Q
03/31/202509/02/2025424B4
09/30/202401/24/2025DRS/A
06/30/202411/12/2024DRS/A
03/31/202408/23/2024DRS
Core Cache Last Updated: 8/20/2026