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.
Issue 005 | U.S. Pilot | US
PHUN
Phunware, Inc.
Screen state: Passing
Source state: Verified
10-Q | 2026-05-11
Filing currency: USD
Internal NCAV Discount
53.5%
GNNI internal NCAV discount calculation. Market context inputs are retained internally and are not displayed.
- Current Assets
- 99,082,000USD
- Total Liabilities
- 6,491,000USD
- NCAV
- 92,591,000USD
- Cash
- 97,860,000USD
- NCAV per share
- 4.59USD/share
- Evidence
- 10 annual | 25 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.
- Evaluated
- 12
- Triggered
- 2
- Unavailable
- 7
Requires inspection Negative OCF -2,727,000
- Latest
- -2,727,0002026-03-31
- Comparison
- n/a
- Change
- n/a
Basis: latest reporting-period cash from operations < 0
Source periods: SEC 10-Q 2026-03-31 · 0001193125-26-216740
Supporting observation Current Ratio > 1.5 16.95
- Latest
- 16.952026-03-31
- Comparison
- 1.5
- Change
- n/a
Basis: current assets / current liabilities; strong if > 1.5
Source periods: SEC 10-Q 2026-03-31 · 0001193125-26-216740
7 unavailable checks — inspect missing inputs
High Debt
(short-term debt + long-term debt) / ordinary equity >= 50%
Low Debt
(short-term debt + long-term debt) / ordinary equity < 20%
Material 1Y Share Increase
1Y share change >= +2% using the same share-count source
NCAV Growing
equivalent prior-year NCAV change >= +2%; both NCAV values must be positive
No Material 1Y Share Increase
1Y share change > -2% and <= +1% using the same share-count source
Non-Positive Equity
ordinary shareholders equity <= 0
Share Count Reduced
1Y share change <= -2% using the same share-count source
Business Profile
Published only when a substantive filing-text profile has been prepared for this issue.
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
|
2019-12-31
10-K
USD
|
2018-12-31
10-K
USD
|
2018-11-30
10-K
USD
|
2017-11-30
10-K
USD
|
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2,553,000 | 3,189,000 | 4,832,000 | 21,794,000 | 10,643,000 | 10,001,000 | 19,150,000 | 30,883,000 | n/a | n/a |
| Operating Income | -20,519,000 | -13,889,000 | -45,691,000 | -29,502,000 | -16,844,000 | -17,498,000 | -12,312,000 | -6,863,000 | -1,683,195 | -862,228 |
| Net Income | -11,401,000 | -10,316,000 | -52,785,000 | -50,894,000 | -53,522,000 | -22,199,000 | -12,871,000 | -9,803,000 | -923,180 | -307,274 |
| Cash From Operations | -12,467,000 | -13,302,000 | -18,435,000 | -26,827,000 | -22,514,000 | -10,973,000 | -6,187,000 | -6,592,000 | -1,043,360 | -204,743 |
| Capex | n/a | n/a | 0 | -923,000 | n/a | n/a | n/a | n/a | n/a | n/a |
| Free Cash Flow | n/a | n/a | -18,435,000 | -27,750,000 | n/a | n/a | n/a | n/a | n/a | n/a |
| Cash And Equivalents | 100,587,000 | 112,974,000 | 3,934,000 | 1,955,000 | 23,137,000 | 3,940,000 | 276,000 | 844,000 | 93 | 117,205 |
| Accounts Receivable | 300,000 | 276,000 | 550,000 | 958,000 | 967,000 | 664,000 | 1,671,000 | 3,606,000 | n/a | n/a |
| Inventory | n/a | n/a | n/a | 2,780,000 | 2,636,000 | 0 | n/a | n/a | n/a | n/a |
| Total Current Assets | 120,147,000 | 113,759,000 | 4,961,000 | 16,863,000 | 60,007,000 | 4,908,000 | 2,315,000 | 4,722,000 | 18,332 | 134,074 |
| Total Assets | 120,868,000 | 114,781,000 | 6,728,000 | 54,835,000 | 99,294,000 | 31,836,000 | 29,052,000 | 36,881,000 | 19,724,276 | 71,349,930 |
| Total Current Liabilities | 23,905,000 | 6,451,000 | 16,503,000 | 25,577,000 | 30,293,000 | 26,463,000 | 19,833,000 | 19,974,000 | 2,599,570 | 741,731 |
| Total Liabilities | 24,551,000 | 7,598,000 | 18,185,000 | 29,954,000 | 34,017,000 | 33,815,000 | 25,026,000 | 25,677,000 | 3,062,500 | 2,466,884 |
| Shareholders Equity | 96,317,000 | 107,183,000 | -11,457,000 | 24,881,000 | 65,277,000 | -1,979,000 | 4,026,000 | 5,827,000 | 5,000,003 | 5,000,007 |
| Shares Outstanding | 20,188,160 | 20,156,535 | 3,851,448 | 103,153,337 | 96,751,610 | 56,380,111 | 39,817,917 | 27,253,457,000 | 2,865,255 | 2,817,956 |
| Shares Outstanding Diluted | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| Weighted Avg Shares Diluted | 20,177,806 | 10,972,163 | 2,379,972 | 98,982,000 | 75,447,000 | 44,269,000 | 36,879,000 | 25,556,000 | 2,834,955 | 2,737,367 |
| Weighted Avg Shares Basic | 20,177,806 | 10,972,163 | 2,379,972 | 98,982,000 | 75,447,000 | 44,269,000 | 36,879,000 | 25,556,000 | 2,834,955 | 2,737,367 |
| Net Share Count Change (Normalized) | Insufficient evidence | Insufficient evidence | Insufficient evidence | Insufficient evidence | 1.5% | 41.6% | -99.9% | Insufficient evidence | Insufficient evidence | Insufficient evidence |
| Ownership Claim Change (Normalized) | Insufficient evidence | Insufficient evidence | Insufficient evidence | Insufficient evidence | -1.5% | -29.4% | 68345.2% | Insufficient evidence | Insufficient evidence | 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
|
2025-12-31
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
|
2024-12-31
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
|
2023-12-31
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
|
2022-12-31
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
|
2021-12-31
10-K
USD
|
2021-09-30
10-Q
USD
|
2021-06-30
10-Q
USD
|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 542,000 | 788,000 | 788,000 | 622,000 | 455,000 | 688,000 | 592,000 | 592,000 | 665,000 | 1,011,000 | 921,000 | -6,194,000 | -6,194,000 | 2,792,000 | 3,487,000 | 4,747,000 | 4,773,000 | 4,773,000 | 4,758,000 | 5,485,000 | 6,778,000 | 5,401,000 | 5,401,000 | 2,160,000 | 1,436,000 |
| Operating Income | -4,022,000 | -7,945,000 | -7,945,000 | -3,500,000 | -4,260,000 | -4,814,000 | -4,891,000 | -4,891,000 | -3,190,000 | -2,934,000 | -2,874,000 | -11,703,000 | -11,703,000 | -18,540,000 | -8,197,000 | -7,251,000 | -9,067,000 | -9,067,000 | -7,878,000 | -7,535,000 | -5,022,000 | -5,201,000 | -5,201,000 | -4,037,000 | -4,194,000 |
| Net Income | -3,194,000 | -2,125,000 | -2,125,000 | -2,409,000 | -3,144,000 | -3,723,000 | -2,633,000 | -2,633,000 | -2,760,000 | -2,631,000 | -2,292,000 | -23,013,000 | -23,013,000 | -18,979,000 | -6,524,000 | -4,269,000 | -10,888,000 | -10,888,000 | -8,018,000 | -17,071,000 | -14,917,000 | -31,811,000 | -33,238,000 | 372,000 | -8,293,000 |
| Cash From Operations | -2,727,000 | -3,196,000 | -3,196,000 | -2,481,000 | -3,455,000 | -3,335,000 | -2,712,000 | -2,712,000 | -2,385,000 | -2,675,000 | -5,530,000 | -2,566,000 | -2,566,000 | -3,309,000 | -5,178,000 | -7,382,000 | -3,955,000 | -3,955,000 | -7,883,000 | -4,818,000 | -10,171,000 | -3,425,000 | -3,425,000 | -4,718,000 | -7,072,000 |
| Capex | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | 0 | 0 | 0 | 0 | n/a | 0 | 0 | -434,000 | -489,000 | n/a | n/a | n/a | n/a |
| Free Cash Flow | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | -2,566,000 | -3,309,000 | -5,178,000 | -7,382,000 | n/a | -3,955,000 | -7,883,000 | -5,252,000 | -10,660,000 | n/a | n/a | n/a | n/a |
| Cash And Equivalents | 97,860,000 | 100,587,000 | 100,587,000 | 103,783,000 | 106,264,000 | 109,719,000 | 112,974,000 | 112,974,000 | 35,537,000 | 20,369,000 | 21,567,000 | 3,934,000 | 3,934,000 | 2,857,000 | 1,105,000 | 694,000 | 1,955,000 | 1,955,000 | 8,538,000 | 2,705,000 | 10,815,000 | 23,137,000 | 23,137,000 | 882,000 | 2,714,000 |
| Total Current Assets | 99,082,000 | 120,147,000 | 120,147,000 | 104,843,000 | 107,207,000 | 111,086,000 | 113,759,000 | 113,759,000 | 39,767,000 | 21,653,000 | 22,636,000 | 4,961,000 | 4,961,000 | 5,483,000 | 4,831,000 | 7,902,000 | 16,863,000 | 16,863,000 | 26,914,000 | 20,816,000 | 42,271,000 | 60,007,000 | 60,007,000 | 3,639,000 | 5,732,000 |
| Total Liabilities | 6,491,000 | 24,551,000 | 24,551,000 | 7,315,000 | 7,480,000 | 8,408,000 | 7,598,000 | 7,598,000 | 11,888,000 | 8,978,000 | 9,647,000 | 18,185,000 | 18,185,000 | 21,255,000 | 22,882,000 | 23,556,000 | 29,954,000 | 29,954,000 | 35,696,000 | 25,543,000 | 29,433,000 | 34,017,000 | 34,017,000 | 18,925,000 | 23,732,000 |
| Shares Outstanding | 20,193,466 | 20,188,160 | 20,188,160 | 20,187,326 | 20,172,913 | 20,170,745 | 20,156,535 | 20,156,535 | 11,738,650 | 8,610,250 | 8,272,091 | 3,851,448 | 3,851,448 | 128,555,644 | 107,058,624 | 104,007,810 | 103,153,337 | 103,153,337 | 101,321,268 | 98,137,070 | 97,250,520 | 96,751,610 | 96,751,610 | 75,556,118 | 72,742,689 |
| 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 | n/a | n/a | n/a | n/a | n/a |
| Weighted Avg Shares Diluted | 20,188,210 | 20,177,806 | 20,187,453 | 20,182,247 | 20,171,639 | 20,169,640 | 10,972,163 | 10,972,163 | 11,104,174 | 8,299,323 | 6,864,226,000 | 2,379,972 | 2,379,972 | 119,989,000 | 105,133,000 | 103,169,000 | 98,982,000 | 102,460,043 | 98,822,000 | 97,742,000 | 96,844,000 | 75,447,000 | 90,956,315 | 74,699,000 | 71,620,000 |
| Weighted Avg Shares Basic | 20,188,210 | 20,177,806 | 20,187,453 | 20,182,247 | 20,171,639 | 20,169,640 | 10,972,163 | 10,972,163 | 11,104,174 | 8,299,323 | 6,864,226,000 | 2,379,972 | 2,379,972 | 119,989,000 | 105,133,000 | 103,169,000 | 98,982,000 | 102,460,043 | 98,822,000 | 97,742,000 | 96,844,000 | 75,447,000 | 90,956,315 | 74,347,000 | 71,620,000 |
| Net Share Count Change (Normalized) | Insufficient evidence | Insufficient evidence | Insufficient evidence | 0.1% | 0.0% | Insufficient evidence | Insufficient evidence | Insufficient evidence | Insufficient evidence | Insufficient evidence | Insufficient evidence | Insufficient evidence | Insufficient evidence | 12.0% | -5.3% | Insufficient evidence | Insufficient evidence | Insufficient evidence | 1.6% | 0.9% | Insufficient evidence | 1.5% | 1.5% | 3.8% | 29.0% |
| Ownership Claim Change (Normalized) | Insufficient evidence | Insufficient evidence | Insufficient evidence | -0.1% | -0.0% | Insufficient evidence | Insufficient evidence | Insufficient evidence | Insufficient evidence | Insufficient evidence | Insufficient evidence | Insufficient evidence | Insufficient evidence | -10.7% | 5.6% | Insufficient evidence | Insufficient evidence | Insufficient evidence | -1.5% | -0.9% | Insufficient evidence | -1.5% | -1.5% | -3.7% | -22.5% |
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 | 99,082,000USD | us-gaap:AssetsCurrent | 2026-03-31 | 1.00 |
Data Vault | sec/companyfacts/cik=0001665300/companyfacts.json Data Vault | sec/companyfacts/cik=0001665300/companyfacts.json |
| Total Liabilities | 6,491,000USD | us-gaap:Liabilities | 2026-03-31 | 1.00 |
Data Vault | sec/companyfacts/cik=0001665300/companyfacts.json Data Vault | sec/companyfacts/cik=0001665300/companyfacts.json |
| Cash | 97,860,000USD | us-gaap:CashAndCashEquivalentsAtCarryingValue | 2026-03-31 | 1.00 |
Data Vault | sec/companyfacts/cik=0001665300/companyfacts.json Data Vault | sec/companyfacts/cik=0001665300/companyfacts.json |
| Shares Outstanding | 20,193,466 | us-gaap:CommonStockSharesOutstanding | 2026-03-31 | 1.00 |
Data Vault | sec/companyfacts/cik=0001665300/companyfacts.json Data Vault | sec/companyfacts/cik=0001665300/companyfacts.json |
| NCAV | 92,591,000USD | derived | 2026-03-31 | n/a | company-evidence-v1 | total_current_assets - total_liabilities |
| NCAV per share | 4.59USD | derived | 2026-03-31 | n/a | company-evidence-v1 | NCAV / shares_outstanding |
| Internal NCAV Discount | 53.5% | 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
- 0001665300
- Company ID
- n/a
- Selected Annual Source
- Data Vault | sec/companyfacts/cik=0001665300/companyfacts.json
- Selected Quarterly Source
- Data Vault | sec/companyfacts/cik=0001665300/companyfacts.json
- Statement Extractor
- companyfacts-screener-v1
- View Extractor
- companyfacts-screener-v1
- Source Accession Count
- 26
- Imported At
- 2026-08-15T12:52:39+00:00
- Rendered At
- 2026-08-16T03:30:00+00:00
Run Audit
- Mary Run
- 062cd84c6cec4533b9bb580392e1f3bf
- Mary As Of
- 2026-08-07
- Accession
- 0001193125-26-216740
- CIK
- 0001665300
- Mary Filing Date
- 2026-05-11
- Filing Currency
- USD
- Internal Discount
- 53.5%
- Source State
- Verified
- Market Context
- Not Displayed
- Market Policy
- internal_only_not_redistributed
- Share Trend
- Not Evaluated
- Dilution
- Needs Review
mary_run=062cd84c6cec4533b9bb580392e1f3bf; mary_as_of=2026-08-07; mary_filing_date=2026-05-11; mary_accession=0001193125-26-216740; mary_cik=0001665300; gnni_supporting_filing_date=2026-05-11; internal_discount=0.535461; 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.