Issue 006 | U.S. Pilot | US

LAB

STANDARD BIOTOOLS INC.

Screen state: Passing Source state: Verified 10-Q | 2026-05-06 Filing currency: USD

Open Filing Back to Register Report a correction

Internal NCAV Discount 37.5%

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

Current Assets: 521,453,000USD
Total Liabilities: 77,991,000USD
NCAV: 443,462,000USD
Cash: 265,772,000USD
NCAV per share: 1.14USD/share
Evidence: 10 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.

Evaluated: 12
Triggered: 2
Unavailable: 7

Requires inspection Negative OCF -46,597,000

Latest: -46,597,0002026-03-31
Comparison: n/a
Change: n/a

Basis: latest reporting-period cash from operations < 0

Source periods: SEC 10-Q 2026-03-31 · 0001193125-26-208967

Supporting observation Current Ratio > 1.5 12.36

Latest: 12.362026-03-31
Comparison: 1.5
Change: n/a

Basis: current assets / current liabilities; strong if > 1.5

Source periods: SEC 10-Q 2026-03-31 · 0001193125-26-208967

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.

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: no_split_evidence_reported_equals_adjusted | 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	2019-12-31 10-K Open filing	2018-12-31 10-K Open filing	2017-12-31 10-K Open filing	2016-12-31 10-K Open filing
Period-end Shares Outstanding	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	79,246,00079,246,000	78,654,00078,654,000	77,199,00077,199,000	76,919,00076,919,000	76,485,00076,485,000	76,166,00076,166,000	74,543,00074,543,000	69,956,00069,956,000	49,338,00049,338,000	38,787,00038,787,000	29,208,00029,208,000
Weighted-average Basic Shares	388,202,000388,202,000	n/an/a	371,538,000371,538,000	372,331,000372,331,000	294,125,000294,125,000	353,245,000353,245,000	371,538,000371,538,000	78,873,00078,873,000	294,125,000294,125,000	n/an/a	n/an/a	78,669,00078,669,000	n/an/a	78,305,00078,305,000	76,301,00076,301,000	77,821,00077,821,000	n/an/a	75,786,00075,786,000	76,301,00076,301,000	75,452,00075,452,000	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a
Weighted-average Diluted Shares	n/an/a	381,623,000381,623,000	382,630,000382,630,000	380,498,000380,498,000	378,228,000378,228,000	79,160,00079,160,000	371,538,000371,538,000	372,331,000372,331,000	294,125,000294,125,000	79,160,00079,160,000	79,152,00079,152,000	n/an/a	79,080,00079,080,000	n/an/a	78,897,00078,897,000	75,452,00075,452,000	77,031,00077,031,000	72,044,00072,044,000	n/an/a	70,916,00070,916,000	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a
Basic EPS	00	-0-0	-0-0	-0-0	-0-0	-1-1	-0-0	-0-0	-0-0	-1-1	-1-1	-0-0	-0-0	-2-2	-2-2	-2-2	-1-1	-1-1	-1-1	-0-0	-1-1	-1-1	n/an/a	n/an/a	n/an/a
Diluted EPS	00	-0-0	-0-0	-0-0	-0-0	-1-1	-0-0	-0-0	-0-0	-1-1	-1-1	-0-0	-0-0	-2-2	-2-2	-2-2	-1-1	-1-1	-1-1	-0-0	-1-1	-1-1	n/an/a	n/an/a	n/an/a
Basic-to-Diluted Share Difference	Insufficient evidence	Insufficient evidence	3.0%	2.2%	28.6%	-77.6%	0.0%	372.1%	0.0%	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	3.4%	-3.0%	Insufficient evidence	-4.9%	Insufficient evidence	-6.0%	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence
Net Share Count Change	Insufficient evidence	Insufficient evidence	-0.2%	26.6%	-16.7%	-4.9%	371.1%	-73.2%	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	2.6%	0.8%	1.9%	0.4%	0.6%	0.4%	2.2%	6.6%	41.8%	27.2%	32.8%	Insufficient evidence
Ownership Claim Change	Insufficient evidence	Insufficient evidence	0.2%	-21.0%	20.1%	5.2%	-78.8%	272.9%	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	-2.6%	-0.7%	-1.8%	-0.4%	-0.6%	-0.4%	-2.1%	-6.2%	-29.5%	-21.4%	-24.7%	Insufficient evidence

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	2017-12-31 10-K USD	2016-12-31 10-K USD
Revenue	85,331,000	174,432,000	106,340,000	97,948,000	130,581,000	138,144,000	117,243,000	112,964,000	101,937,000	104,446,000
Operating Income	-110,249,000	-175,236,000	-76,600,000	-116,205,000	-67,459,000	-51,036,000	-51,839,000	-48,164,000	-58,360,000	-73,190,000
Net Income	-74,896,000	-138,885,000	-74,656,000	-190,098,000	-59,237,000	-53,020,000	-64,790,000	-59,013,000	-60,535,000	-75,985,000
Cash From Operations	-74,343,000	-143,454,000	-43,287,000	-89,370,000	-44,061,000	-15,417,000	-35,210,000	-25,201,000	-24,098,000	-39,098,000
Capex	-8,303,000	-8,355,000	-2,831,000	-3,825,000	-13,264,000	-12,717,000	-2,531,000	-372,000	-1,566,000	-5,065,000
Free Cash Flow	-82,646,000	-151,809,000	-46,118,000	-93,195,000	-57,325,000	-28,134,000	-37,741,000	-25,573,000	-25,664,000	-44,163,000
Cash And Equivalents	120,863,000	166,728,000	51,704,000	81,309,000	28,451,000	68,520,000	21,661,000	95,401,000	58,056,000	35,045,000
Accounts Receivable	13,431,000	33,608,000	19,660,000	17,280,000	18,320,000	25,423,000	18,981,000	16,651,000	15,049,000	14,610,000
Inventory	19,981,000	40,737,000	20,533,000	21,473,000	20,825,000	19,689,000	13,884,000	13,003,000	15,088,000	20,114,000
Total Current Assets	454,264,000	375,880,000	158,215,000	208,815,000	72,066,000	117,663,000	96,096,000	127,106,000	94,801,000	96,671,000
Total Assets	567,754,000	612,344,000	323,067,000	390,310,000	275,214,000	324,757,000	264,812,000	303,647,000	287,351,000	306,395,000
Total Current Liabilities	108,308,000	65,894,000	109,327,000	43,443,000	49,568,000	54,249,000	32,821,000	37,582,000	33,474,000	29,500,000
Total Liabilities	143,463,000	140,622,000	159,865,000	160,524,000	180,618,000	185,707,000	111,200,000	231,531,000	256,416,000	253,162,000
Shareholders Equity	424,291,000	471,722,000	-148,051,000	-81,467,000	94,596,000	139,050,000	153,612,000	72,116,000	30,935,000	53,233,000
Shares Outstanding	386,381,000	377,530,000	80,232,000	79,482,000	76,919,000	74,543,000	69,956,000	49,338,000	38,787,000	29,208,000
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	381,623,000	353,245,000	79,160,000	78,305,000	75,786,000	72,044,000	66,779,000	39,652,000	32,980,000	29,008,000
Weighted Avg Shares Basic	381,623,000	353,245,000	79,160,000	78,305,000	75,786,000	72,044,000	66,779,000	39,652,000	32,980,000	29,008,000
Net Share Count Change (Normalized)	Insufficient evidence	-4.9%	Insufficient evidence	2.6%	0.6%	6.6%	41.8%	27.2%	32.8%	Insufficient evidence
Ownership Claim Change (Normalized)	Insufficient evidence	5.2%	Insufficient evidence	-2.6%	-0.6%	-6.2%	-29.5%	-21.4%	-24.7%	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	21,146,000	3,222,000	19,552,000	21,762,000	40,795,000	46,718,000	44,969,000	37,205,000	45,540,000	28,188,000	25,367,000	27,666,000	25,119,000	27,021,000	25,646,000	18,777,000	26,504,000	38,265,000	28,504,000	31,018,000
Operating Income	-12,496,000	-18,644,000	-32,938,000	-25,697,000	-32,970,000	-32,817,000	-31,718,000	-50,519,000	-60,182,000	-21,386,000	-21,172,000	-17,449,000	-16,593,000	-21,112,000	-29,027,000	-38,563,000	-27,503,000	-11,259,000	-19,612,000	-17,268,000
Net Income	127,068,000	19,283,000	-34,687,000	-33,459,000	-26,033,000	-34,072,000	-26,938,000	-45,718,000	-32,157,000	-19,776,000	-20,997,000	-17,040,000	-16,843,000	-20,845,000	-29,426,000	-63,539,000	-76,288,000	-9,430,000	-13,843,000	-17,143,000
Cash From Operations	-46,597,000	-1,190,000	-22,202,000	-20,668,000	-30,283,000	-14,059,000	-27,869,000	-39,050,000	-62,476,000	-14,061,000	-11,412,000	-9,329,000	-8,485,000	-19,181,000	-24,611,000	-29,988,000	-15,590,000	-7,002,000	-9,494,000	-14,664,000
Capex	-570,000	-476,000	-886,000	-1,887,000	-5,054,000	-3,382,000	-2,255,000	-1,937,000	-781,000	-78,000	-905,000	-838,000	-1,010,000	-755,000	-1,264,000	-938,000	-868,000	-463,000	-1,706,000	-4,172,000
Free Cash Flow	-47,167,000	-1,666,000	-23,088,000	-22,555,000	-35,337,000	-17,441,000	-30,124,000	-40,987,000	-63,257,000	-14,139,000	-12,317,000	-10,167,000	-9,495,000	-19,936,000	-25,875,000	-30,926,000	-16,458,000	-7,465,000	-11,200,000	-18,836,000
Cash And Equivalents	265,772,000	120,863,000	129,418,000	158,617,000	150,880,000	166,728,000	210,647,000	269,811,000	287,057,000	51,704,000	79,655,000	142,304,000	113,663,000	81,309,000	60,200,000	74,361,000	29,983,000	28,451,000	29,309,000	30,863,000
Total Current Assets	521,453,000	454,264,000	472,439,000	506,037,000	344,019,000	375,880,000	453,607,000	480,029,000	547,565,000	158,215,000	170,741,000	183,070,000	194,928,000	208,815,000	229,017,000	250,877,000	73,197,000	72,066,000	73,465,000	78,206,000
Total Liabilities	77,991,000	143,463,000	139,977,000	132,430,000	125,002,000	140,622,000	192,206,000	198,471,000	200,351,000	159,865,000	159,752,000	157,961,000	157,554,000	160,524,000	166,409,000	167,323,000	249,825,000	180,618,000	182,851,000	179,865,000
Shares Outstanding	390,141,000	386,381,000	383,614,000	381,691,000	379,087,000	377,530,000	372,261,000	371,123,000	380,400,000	80,232,000	79,470,000	79,121,000	78,652,000	79,482,000	79,246,000	78,654,000	77,199,000	76,919,000	76,485,000	76,166,000
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	388,202,000	385,049,967	382,630,000	380,498,000	378,228,000	374,550,848	371,538,000	372,331,000	294,125,000	79,731,924	79,152,000	78,669,000	79,080,000	79,438,043	78,897,000	77,821,000	77,031,000	76,656,913	76,301,000	75,452,000
Weighted Avg Shares Basic	388,202,000	385,049,967	382,630,000	380,498,000	378,228,000	374,550,848	371,538,000	372,331,000	294,125,000	79,731,924	79,152,000	78,669,000	79,080,000	79,438,043	78,897,000	77,821,000	77,031,000	76,656,913	76,301,000	75,452,000
Net Share Count Change (Normalized)	Insufficient evidence	Insufficient evidence	-0.2%	26.6%	-16.7%	-4.9%	371.1%	-73.2%	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	2.6%	0.8%	1.9%	0.4%	0.6%	0.4%	2.2%
Ownership Claim Change (Normalized)	Insufficient evidence	Insufficient evidence	0.2%	-21.0%	20.1%	5.2%	-78.8%	272.9%	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	-2.6%	-0.7%	-1.8%	-0.4%	-0.6%	-0.4%	-2.1%

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	521,453,000USD	us-gaap:AssetsCurrent	2026-03-31	1.00	Data Vault \| sec/companyfacts/cik=0001162194/companyfacts.json Data Vault \| sec/companyfacts/cik=0001162194/companyfacts.json
Total Liabilities	77,991,000USD	us-gaap:Liabilities	2026-03-31	1.00	Data Vault \| sec/companyfacts/cik=0001162194/companyfacts.json Data Vault \| sec/companyfacts/cik=0001162194/companyfacts.json
Cash	265,772,000USD	us-gaap:CashAndCashEquivalentsAtCarryingValue	2026-03-31	1.00	Data Vault \| sec/companyfacts/cik=0001162194/companyfacts.json Data Vault \| sec/companyfacts/cik=0001162194/companyfacts.json
Shares Outstanding	390,141,000	us-gaap:CommonStockSharesOutstanding	2026-03-31	1.00	Data Vault \| sec/companyfacts/cik=0001162194/companyfacts.json Data Vault \| sec/companyfacts/cik=0001162194/companyfacts.json
NCAV	443,462,000USD	derived	2026-03-31	n/a	company-evidence-v1 \| total_current_assets - total_liabilities
NCAV per share	1.14USD	derived	2026-03-31	n/a	company-evidence-v1 \| NCAV / shares_outstanding
Internal NCAV Discount	37.5%	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: 0001162194
Company ID: n/a
Selected Annual Source: Data Vault | sec/companyfacts/cik=0001162194/companyfacts.json
Selected Quarterly Source: Data Vault | sec/companyfacts/cik=0001162194/companyfacts.json
Statement Extractor: companyfacts-screener-v1
View Extractor: companyfacts-screener-v1
Source Accession Count: 26
Imported At: 2026-08-15T12:52:21+00:00
Rendered At: 2026-08-16T03:30:06+00:00

Run Audit

Mary Run: 63eb9cbe01c34796bb5a9e8d156e6111
Mary As Of: 2026-08-15
Accession: 0001193125-26-208967
CIK: 0001162194
Mary Filing Date: 2026-05-06
Filing Currency: USD
Internal Discount: 37.5%
Source State: Verified
Market Context: Not Displayed
Market Policy: internal_only_not_redistributed
Share Trend: Not Evaluated
Dilution: Needs Review

mary_run=63eb9cbe01c34796bb5a9e8d156e6111; mary_as_of=2026-08-15; mary_filing_date=2026-05-06; mary_accession=0001193125-26-208967; mary_cik=0001162194; gnni_supporting_filing_date=2026-05-06; internal_discount=0.375369; 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.

Back to Register Report a correction Archive