Issue 001 | U.S. Pilot | US

PLRX

PLIANT THERAPEUTICS, INC.

Screen state: Passing Source state: Verified 10-Q | 2026-05-11 Filing currency: USD

Open Filing Back to Register Report a correction

Internal NCAV Discount 49.6%

GNNI internal NCAV discount calculation. Market context inputs are retained internally and are not displayed.

Current Assets: 174,930,000USD
Total Liabilities: 37,430,000USD
NCAV: 137,500,000USD
Cash: 22,190,000USD
NCAV per share: 2.22USD/share
Evidence: 6 annual | 20 quarterly

Mary filing review

Financial Statement Evidence

Deterministic observations from the frozen Mary Reason Card. They annotate filing evidence and do not determine screen inclusion.

Not captured in this issue’s Mary run.

This archived issue is not backfilled with observations from a later screening run.

Business Profile

Published only when a substantive filing-text profile has been prepared for this issue.

Not available for this issue.

A substantive filing-text profile was not prepared for this company. Financial statement evidence and filing links remain available above for direct inspection.

Historical values can be viewed as reported in each filing or normalized to the latest verified split basis. These are measurement aids, not conclusions about a company.

Policy: normalize_to_latest_verified_split_basis | quality: verified

Display basis Normalized to latest verified split basis As reported in each filing

Metric	2026-03-31 10-Q Open filing	2025-12-31 10-K Open filing	2025-09-30 10-Q Open filing	2025-06-30 10-Q Open filing	2025-03-31 10-Q Open filing	2024-12-31 10-K Open filing	2024-09-30 10-Q Open filing	2024-06-30 10-Q Open filing	2024-03-31 10-Q Open filing	2023-12-31 10-K Open filing	2023-09-30 10-Q Open filing	2023-06-30 10-Q Open filing	2023-03-31 10-Q Open filing	2022-12-31 10-K Open filing	2022-09-30 10-Q Open filing	2022-06-30 10-Q Open filing	2022-03-31 10-Q Open filing	2021-12-31 10-K Open filing	2021-09-30 10-Q Open filing	2021-06-30 10-Q Open filing	2020-12-31 10-K Open filing
Period-end Shares Outstanding	61,914,56961,914,569	61,449,29061,449,290	61,449,29061,449,290	61,386,18361,386,183	61,386,18361,386,183	60,860,83860,860,838	60,849,50360,849,503	60,425,14460,425,144	60,318,54260,318,542	59,921,00259,921,002	59,890,98059,890,980	59,222,68559,222,685	58,978,90258,978,902	48,941,25448,941,254	48,749,84248,749,842	36,182,29736,182,297	36,162,45936,162,459	36,083,30136,083,301	35,977,29435,977,294	35,853,91635,853,916	35,552,79535,552,795
Weighted-average Basic Shares	61,803,46761,803,467	n/an/a	61,406,47561,406,475	n/an/a	61,222,67661,222,676	42,015,90842,015,908	59,688,45159,688,451	59,172,86959,172,869	60,180,92160,180,921	35,846,42135,846,421	59,688,45159,688,451	59,172,86959,172,869	56,057,60356,057,603	42,015,90842,015,908	46,799,05846,799,058	36,173,13536,173,135	36,116,44036,116,440	35,846,42135,846,421	35,906,30335,906,303	35,746,92235,746,922	21,344,23621,344,236
Weighted-average Diluted Shares	n/an/a	61,366,88761,366,887	60,730,93560,730,935	61,386,18361,386,183	60,180,92160,180,921	60,538,63960,538,639	60,730,93560,730,935	60,382,79660,382,796	56,057,60356,057,603	58,719,08358,719,083	46,799,05846,799,058	36,173,13536,173,135	56,057,60356,057,603	42,015,90842,015,908	46,799,05846,799,058	36,173,13536,173,135	36,116,44036,116,440	35,846,42135,846,421	35,906,30335,906,303	35,746,92235,746,922	21,344,23621,344,236
Basic EPS	-0-0	-2-2	-2-2	-2-2	-1-1	-3-3	-3-3	-2-2	-1-1	-3-3	-2-2	-1-1	-1-1	-3-3	-2-2	-2-2	-1-1	-3-3	-2-2	-1-1	-2-2
Diluted EPS	-0-0	-2-2	-2-2	-2-2	-1-1	-3-3	-3-3	-1-1	-1-1	-3-3	-2-2	-1-1	-1-1	-3-3	-2-2	-2-2	-1-1	-3-3	-2-2	-1-1	-2-2
Basic-to-Diluted Share Difference	Insufficient evidence	Insufficient evidence	-1.1%	Insufficient evidence	-1.7%	44.1%	1.7%	2.0%	-6.9%	63.8%	-21.6%	-38.9%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Net Share Count Change	0.8%	0.0%	0.1%	0.0%	0.9%	0.0%	0.7%	0.2%	0.7%	0.1%	1.1%	0.4%	20.5%	0.4%	34.7%	0.1%	0.2%	0.3%	0.3%	0.8%	Insufficient evidence
Ownership Claim Change	-0.8%	0.0%	-0.1%	0.0%	-0.9%	-0.0%	-0.7%	-0.2%	-0.7%	-0.1%	-1.1%	-0.4%	-17.0%	-0.4%	-25.8%	-0.1%	-0.2%	-0.3%	-0.3%	-0.8%	Insufficient evidence

Verified split events: reverse 7.15 on 2020-12-31

Known Unknowns

Medium | Share Count

The current U.S. Pilot does not yet evaluate share-count trends or post-filing dilution beyond Mary's screening flags.

Low | Classification

U.S. Pilot rows are surfaced for source inspection and may still need manual business classification review.

Annual Financials

Latest annual periods, newest first. Missing cells render as n/a.

Metric	2025-12-31 10-K USD	2024-12-31 10-K USD	2023-12-31 10-K USD	2022-12-31 10-K USD	2021-12-31 10-K USD	2020-12-31 10-K USD
Revenue	0	0	1,580,000	9,685,000	7,572,000	41,817,000
Operating Income	-156,373,000	-228,365,000	-184,145,000	-127,200,000	-97,535,000	-41,645,000
Net Income	-149,344,000	-210,304,000	-161,336,000	-123,321,000	-97,263,000	-41,533,000
Cash From Operations	-128,336,000	-155,503,000	-116,361,000	-94,631,000	-75,443,000	-37,271,000
Capex	-374,000	-3,848,000	-921,000	-1,760,000	-1,953,000	-1,532,000
Free Cash Flow	-128,710,000	-159,351,000	-117,282,000	-96,391,000	-77,396,000	-38,803,000
Cash And Equivalents	45,445,000	71,188,000	63,234,000	33,685,000	51,665,000	50,882,000
Accounts Receivable	n/a	n/a	0	1,983,000	1,998,000	9,279,000
Inventory	n/a	n/a	n/a	n/a	n/a	n/a
Total Current Assets	196,448,000	362,264,000	505,502,000	340,311,000	209,441,000	290,754,000
Total Assets	225,228,000	396,949,000	512,154,000	350,613,000	221,215,000	295,526,000
Total Current Liabilities	16,365,000	33,218,000	28,524,000	23,913,000	16,831,000	11,599,000
Total Liabilities	44,023,000	92,868,000	38,578,000	37,271,000	22,156,000	12,465,000
Shareholders Equity	181,205,000	304,081,000	473,576,000	313,342,000	199,059,000	283,061,000
Shares Outstanding	61,914,664	61,236,291	60,239,176	58,939,667	36,113,521	35,738,192
Shares Outstanding Diluted	n/a	n/a	n/a	n/a	n/a	n/a
Weighted Avg Shares Diluted	61,366,887	60,538,639	58,719,083	42,015,908	35,846,421	21,344,236
Weighted Avg Shares Basic	61,366,887	60,538,639	58,719,083	42,015,908	35,846,421	21,344,236
Net Share Count Change (Normalized)	0.0%	0.0%	0.1%	0.4%	0.3%	Insufficient evidence
Ownership Claim Change (Normalized)	0.0%	-0.0%	-0.1%	-0.4%	-0.3%	Insufficient evidence

Quarterly Financials

Latest quarterly periods, newest first. Periods are shown only when Data Vault has them.

Metric	2026-03-31 10-Q USD	2025-12-31 10-K USD	2025-09-30 10-Q USD	2025-06-30 10-Q USD	2025-03-31 10-Q USD	2024-12-31 10-K USD	2024-09-30 10-Q USD	2024-06-30 10-Q USD	2024-03-31 10-Q USD	2023-12-31 10-K USD	2023-09-30 10-Q USD	2023-06-30 10-Q USD	2023-03-31 10-Q USD	2022-12-31 10-K USD	2022-09-30 10-Q USD	2022-06-30 10-Q USD	2022-03-31 10-Q USD	2021-12-31 10-K USD	2021-09-30 10-Q USD	2021-06-30 10-Q USD
Revenue	n/a	n/a	n/a	n/a	n/a	0	0	0	0	0	0	248,000	1,332,000	1,965,000	1,482,000	4,989,000	1,249,000	1,999,000	1,610,000	1,789,000
Operating Income	-21,772,000	-23,577,000	-28,269,000	-45,592,000	-58,935,000	-53,320,000	-62,014,000	-60,639,000	-52,392,000	-47,037,000	-47,685,000	-47,328,000	-42,095,000	-37,400,000	-31,947,000	-29,642,000	-28,211,000	-24,599,000	-27,113,000	-22,904,000
Net Income	-20,040,000	-23,577,000	-26,301,000	-43,300,000	-56,166,000	-49,732,000	-57,763,000	-55,854,000	-46,955,000	-41,109,000	-41,487,000	-41,192,000	-37,548,000	-35,060,000	-30,615,000	-29,546,000	-28,100,000	-24,531,000	-27,045,000	-22,831,000
Cash From Operations	-19,229,000	-17,788,000	-21,081,000	-40,603,000	-48,864,000	-47,662,000	-32,273,000	-45,297,000	-30,271,000	-25,102,000	-36,224,000	-24,759,000	-30,276,000	-31,239,000	-18,498,000	-24,396,000	-20,498,000	-19,865,000	-22,510,000	-19,403,000
Capex	0	0	0	-112,000	-262,000	-209,000	-896,000	-1,251,000	-1,492,000	-61,000	-94,000	-603,000	-163,000	-166,000	-696,000	-254,000	-644,000	-592,000	-480,000	-639,000
Free Cash Flow	-19,229,000	-17,788,000	-21,081,000	-40,715,000	-49,126,000	-47,871,000	-33,169,000	-46,548,000	-31,763,000	-25,163,000	-36,318,000	-25,362,000	-30,439,000	-31,405,000	-19,194,000	-24,650,000	-21,142,000	-20,457,000	-22,990,000	-20,042,000
Cash And Equivalents	22,190,000	45,445,000	93,732,000	86,820,000	91,936,000	71,188,000	79,616,000	80,386,000	114,297,000	63,234,000	57,679,000	54,951,000	102,527,000	33,685,000	44,617,000	25,070,000	32,545,000	51,665,000	45,231,000	35,193,000
Total Current Assets	174,930,000	196,448,000	245,588,000	267,444,000	311,191,000	362,264,000	410,031,000	447,553,000	489,898,000	505,502,000	534,335,000	565,701,000	588,227,000	340,311,000	365,965,000	173,526,000	185,363,000	209,441,000	228,584,000	250,719,000
Total Liabilities	37,430,000	44,023,000	76,294,000	79,742,000	87,606,000	92,868,000	99,843,000	91,052,000	84,273,000	38,578,000	37,416,000	41,826,000	35,961,000	37,271,000	40,187,000	36,831,000	23,229,000	22,156,000	13,681,000	11,736,000
Shares Outstanding	61,920,249	61,914,664	61,449,385	61,388,154	61,386,278	61,236,291	60,853,623	60,801,425	60,325,832	60,239,176	59,895,958	59,834,098	59,156,444	58,939,667	48,759,419	48,681,962	36,169,468	36,113,521	36,038,994	35,937,937
Shares Outstanding Diluted	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Weighted Avg Shares Diluted	61,803,467	61,449,289	61,406,475	61,386,183	61,222,676	60,854,322	60,730,935	60,382,796	60,180,921	59,904,483	59,688,451	59,172,869	56,057,603	48,783,241	46,799,058	36,173,135	36,116,440	36,081,798	35,906,303	35,746,922
Weighted Avg Shares Basic	61,803,467	61,449,289	61,406,475	61,386,183	61,222,676	60,854,322	60,730,935	60,382,796	60,180,921	59,904,483	59,688,451	59,172,869	56,057,603	48,783,241	46,799,058	36,173,135	36,116,440	36,081,798	35,906,303	35,746,922
Net Share Count Change (Normalized)	0.8%	0.0%	0.1%	0.0%	0.9%	0.0%	0.7%	0.2%	0.7%	0.1%	1.1%	0.4%	20.5%	0.4%	34.7%	0.1%	0.2%	0.3%	0.3%	0.8%
Ownership Claim Change (Normalized)	-0.8%	0.0%	-0.1%	0.0%	-0.9%	-0.0%	-0.7%	-0.2%	-0.7%	-0.1%	-1.1%	-0.4%	-17.0%	-0.4%	-25.8%	-0.1%	-0.2%	-0.3%	-0.3%	-0.8%

Audit Trail

NCAV Audit

Official-source inputs remain linked to filing provenance. Derived values are labeled as such.

Input	Value	Source concept	Filing period	Confidence	Provenance
Current Assets	174,930,000USD	us-gaap:AssetsCurrent	2026-03-31	1.00	Data Vault \| sec/companyfacts/cik=0001746473/companyfacts.json Data Vault \| sec/companyfacts/cik=0001746473/companyfacts.json
Total Liabilities	37,430,000USD	us-gaap:Liabilities	2026-03-31	1.00	Data Vault \| sec/companyfacts/cik=0001746473/companyfacts.json Data Vault \| sec/companyfacts/cik=0001746473/companyfacts.json
Cash	22,190,000USD	us-gaap:CashAndCashEquivalentsAtCarryingValue	2026-03-31	1.00	Data Vault \| sec/companyfacts/cik=0001746473/companyfacts.json Data Vault \| sec/companyfacts/cik=0001746473/companyfacts.json
Shares Outstanding	61,920,249	dei:EntityCommonStockSharesOutstanding	2026-03-31	1.00	Data Vault \| sec/companyfacts/cik=0001746473/companyfacts.json Data Vault \| sec/companyfacts/cik=0001746473/companyfacts.json
NCAV	137,500,000USD	derived	2026-03-31	n/a	company-evidence-v1 \| total_current_assets - total_liabilities
NCAV per share	2.22USD	derived	2026-03-31	n/a	company-evidence-v1 \| NCAV / shares_outstanding
Internal NCAV Discount	49.6%	derived	2026-03-31	n/a	gnni_publication_pack \| internal_discount

NCAV = total_current_assets - total_liabilities | NCAV per share = NCAV / shares_outstanding

Source Provenance

Data Source: Data Vault
Data Vault Root: Local evidence | The Data Vault
CIK: 0001746473
Company ID: n/a
Selected Annual Source: Data Vault | sec/companyfacts/cik=0001746473/companyfacts.json
Selected Quarterly Source: Data Vault | sec/companyfacts/cik=0001746473/companyfacts.json
Statement Extractor: companyfacts-screener-v1
View Extractor: companyfacts-screener-v1
Source Accession Count: 22
Imported At: 2026-08-15T12:52:39+00:00
Rendered At: 2026-08-16T03:29:38+00:00

Run Audit

Mary Run: 7597e71d9e0c42a48d3fa1ce89682485
Mary As Of: 2026-07-11
Accession: 0001746473-26-000090
CIK: 0001746473
Mary Filing Date: 2026-05-11
Filing Currency: USD
Internal Discount: 49.6%
Source State: Verified
Market Context: Not Displayed
Market Policy: internal_only_not_redistributed
Share Trend: Not Evaluated
Dilution: Needs Review

mary_run=7597e71d9e0c42a48d3fa1ce89682485; mary_as_of=2026-07-11; mary_filing_date=2026-05-11; mary_accession=0001746473-26-000090; mary_cik=0001746473; gnni_supporting_filing_date=2026-05-11; internal_discount=0.495678; mary_reason=Mary's deterministic net-net screen flagged this candidate. The internal discount is shown; raw market-data fields are not published in this pilot.

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