Issue 007 | U.S. Pilot | US

APRE

Aprea Therapeutics, Inc.

Screen state: Passing Source state: Verified 10-Q | 2026-05-13 Filing currency: USD

Open Filing Back to Register Report a correction

Internal NCAV Discount 81.4%

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

Current Assets: 47,245,440USD
Total Liabilities: 6,024,007USD
NCAV: 41,221,433USD
Cash: 46,466,202USD
NCAV per share: 3.03USD/share
Evidence: 7 annual | 26 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 -2,756,726

Latest: -2,756,7262026-03-31
Comparison: n/a
Change: n/a

Basis: latest reporting-period cash from operations < 0

Source periods: SEC 10-Q 2026-03-31 · 0001104659-26-059743

Supporting observation Current Ratio > 1.5 8.92

Latest: 8.922026-03-31
Comparison: 1.5
Change: n/a

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

Source periods: SEC 10-Q 2026-03-31 · 0001104659-26-059743

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

Checklist-driven facts extracted from filing text. Missing fields stay visible in the details.

business_profile_v1

Business profile: 0 of 12 fields established by the current extractor.

Business Profile Field Details

Business Description

Missing Source

Not established by the current extractor from the selected filing context.

Revenue Model

Missing Source

Not established by the current extractor from the selected filing context.

Customers And Channels

Missing Source

Not established by the current extractor from the selected filing context.

Segments And Geography

Missing Source

Not established by the current extractor from the selected filing context.

Tangible Operations Assets

Missing Source

Not established by the current extractor from the selected filing context.

Value Chain

Missing Source

Not established by the current extractor from the selected filing context.

Competition Positioning

Missing Source

Not established by the current extractor from the selected filing context.

Business Lifecycle Cyclicality

Missing Source

Not established by the current extractor from the selected filing context.

Strategy And Capital Allocation

Missing Source

Not established by the current extractor from the selected filing context.

Management Governance Signals

Missing Source

Not established by the current extractor from the selected filing context.

Disclosed Risks

Missing Source

Not established by the current extractor from the selected filing context.

Known Unknowns

Missing Source

Not established by the current extractor from the selected filing context.

Business Profile Sources

Source	Filing	Date	Type	Status	Provenance
S1	0001104659-25-109867	2025-11-12	10-Q	Missing Source	Data Vault \| sec/cleaned/cik=0001781983/accession=0001104659-25-109867/parser=html-cleaner-v1/full.txt

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
Revenue	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Operating Income	-13,233,836	-14,319,655	-15,471,963	-113,392,228	-37,446,353	n/a	n/a
Net Income	-12,599,569	-12,958,711	-14,286,756	-112,662,027	-37,127,303	-53,478,812	-28,059,807
Cash From Operations	-12,894,439	-13,556,718	-12,177,608	-25,011,136	-37,686,179	-41,802,672	-26,708,707
Capex	n/a	-15,478	-93,093	n/a	n/a	-25,709	-30,901
Free Cash Flow	n/a	-13,572,196	-12,270,701	n/a	n/a	-41,828,381	-26,739,608
Cash And Equivalents	14,599,347	22,849,885	21,606,820	28,786,647	53,076,052	89,017,686	130,088,869
Accounts Receivable	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Inventory	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Total Current Assets	15,561,246	23,576,139	22,521,095	30,153,506	56,584,410	92,416,705	133,044,747
Total Assets	15,933,401	23,979,493	22,650,174	30,155,827	56,823,463	92,805,219	133,607,885
Total Current Liabilities	2,764,358	3,360,975	4,385,605	3,201,086	7,316,499	15,331,165	9,061,734
Total Liabilities	3,491,719	4,672,038	5,696,668	3,201,086	7,316,499	15,410,012	9,364,355
Shareholders Equity	12,441,682	19,307,455	16,953,506	25,643,678	49,506,964	77,395,207	124,243,530
Shares Outstanding	11,452,452	5,491,953	5,430,215	3,731,570	7,324,767	7,062,276	7,018,281
Shares Outstanding Diluted	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Weighted Avg Shares Diluted	6,538,722	5,509,921	3,617,607	1,657,055	7,095,516	7,044,550	2,000,829
Weighted Avg Shares Basic	6,538,722	5,509,921	3,617,607	1,657,055	7,095,516	7,044,550	2,000,829
Net Share Count Change (Normalized)	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence
Ownership Claim Change (Normalized)	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence

Quarterly Financials

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

Metric	2026-06-30 10-Q USD	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	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	n/a
Operating Income	-4,032,180	-3,430,412	-2,643,093	-2,643,093	-3,117,388	-3,387,773	-4,085,582	-3,226,045	-3,226,045	-4,097,016	-3,846,924	-3,149,670	-3,674,929	-3,674,929	-3,522,850	-3,651,681	-4,622,503	n/a	n/a	-4,200,194	-98,465,531	n/a	n/a	n/a	n/a	n/a
Net Income	-3,591,304	-3,287,917	-2,455,630	-2,455,630	-2,972,410	-3,238,870	-3,932,659	-2,894,799	-2,894,799	-3,783,769	-3,470,052	-2,810,091	-3,443,254	-3,443,254	-3,204,515	-3,259,097	-4,379,890	-2,442,142	-2,442,142	-4,024,718	-98,258,474	-7,936,693	-7,755,184	-7,755,184	-9,452,351	-10,251,013
Cash From Operations	-3,278,763	-2,756,726	-2,961,292	-2,961,292	-3,171,230	-3,130,754	-3,631,163	-3,510,904	-3,510,904	-2,468,302	-3,641,621	-3,935,891	-3,739,658	-3,739,658	-2,241,965	-3,216,904	-2,979,081	-4,020,512	-4,020,512	-6,592,682	-8,902,613	-5,495,329	-10,178,787	-10,178,787	-8,233,403	-7,751,883
Capex	n/a	n/a	n/a	n/a	n/a	n/a	n/a	0	0	0	-7,500	-7,978	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
Free Cash Flow	n/a	n/a	n/a	n/a	n/a	n/a	n/a	-3,510,904	-3,510,904	-2,468,302	-3,649,121	-3,943,869	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
Cash And Equivalents	41,233,428	46,466,202	14,599,347	14,599,347	13,718,052	16,532,199	19,275,721	22,849,885	22,849,885	26,249,625	28,694,694	32,369,973	21,606,820	21,606,820	25,353,513	27,685,131	30,995,714	28,786,647	28,786,647	33,112,601	39,062,415	47,651,774	53,076,052	53,076,052	61,428,404	69,803,845
Total Current Assets	41,913,114	47,245,440	15,561,246	15,561,246	13,943,988	16,927,210	19,834,410	23,576,139	23,576,139	26,483,820	29,559,786	33,068,837	22,521,095	22,521,095	25,639,776	28,638,801	32,018,517	30,153,506	30,153,506	33,473,779	40,463,252	50,044,870	56,584,410	56,584,410	62,179,333	71,298,298
Total Liabilities	3,819,663	6,024,007	n/a	3,491,719	3,408,468	3,895,029	4,672,161	n/a	4,672,038	4,946,951	4,405,292	4,276,139	n/a	5,696,668	5,477,125	3,950,821	4,227,388	3,201,086	3,201,086	3,998,139	7,684,197	6,748,183	7,316,499	7,316,499	9,069,589	10,598,061
Shares Outstanding	12,591,136	12,382,776	8,192,538	11,452,452	6,310,673	5,825,261	5,531,373	5,481,055	5,491,953	5,434,903	5,431,903	5,430,215	3,736,673	5,430,215	3,736,673	3,736,673	3,731,571	2,655,269	3,731,570	17,665,938	7,800,615	7,324,767	21,859,413	7,324,767	7,155,047	21,186,827
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	n/a
Weighted Avg Shares Diluted	53,483,504	14,685,448	6,538,722	7,687,960	6,372,938	6,083,329	5,993,866	5,509,921	5,954,701	5,939,755	5,937,291	4,198,326	3,617,607	3,736,672	3,735,176	3,731,571	3,260,484	1,657,055	1,657,055	11,551,917	7,553,945	7,300,510	21,286,547	7,179,233	7,077,195	21,186,827
Weighted Avg Shares Basic	53,483,504	14,685,448	6,538,722	7,687,960	6,372,938	6,083,329	5,993,866	5,509,921	5,954,701	5,939,755	5,937,291	4,198,326	3,617,607	3,736,672	3,735,176	3,731,571	3,260,484	1,657,055	1,657,055	11,551,917	7,553,945	7,300,510	21,286,547	7,179,233	7,077,195	21,186,827
Net Share Count Change (Normalized)	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence
Ownership Claim Change (Normalized)	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence

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	41,913,114USD	us-gaap:AssetsCurrent	2026-06-30	1.00	Data Vault \| sec/companyfacts/cik=0001781983/companyfacts.json Data Vault \| sec/companyfacts/cik=0001781983/companyfacts.json
Total Liabilities	3,819,663USD	derived	2026-06-30	1.00	n/a
Cash	41,233,428USD	us-gaap:CashAndCashEquivalentsAtCarryingValue	2026-06-30	1.00	Data Vault \| sec/companyfacts/cik=0001781983/companyfacts.json Data Vault \| sec/companyfacts/cik=0001781983/companyfacts.json
Shares Outstanding	12,591,136	dei:EntityCommonStockSharesOutstanding	2026-06-30	1.00	Data Vault \| sec/companyfacts/cik=0001781983/companyfacts.json Data Vault \| sec/companyfacts/cik=0001781983/companyfacts.json
NCAV	38,093,451USD	derived	2026-06-30	n/a	company-evidence-v1 \| total_current_assets - total_liabilities
NCAV per share	3.03USD	derived	2026-06-30	n/a	company-evidence-v1 \| NCAV / shares_outstanding
Internal NCAV Discount	81.4%	derived	2026-06-30	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: 0001781983
Company ID: n/a
Selected Annual Source: Data Vault | sec/companyfacts/cik=0001781983/companyfacts.json
Selected Quarterly Source: Data Vault | sec/companyfacts/cik=0001781983/companyfacts.json
Statement Extractor: companyfacts-screener-v1
View Extractor: companyfacts-screener-v1
Source Accession Count: 24
Imported At: 2026-10-04T02:12:46+00:00
Rendered At: 2026-10-04T14:24:58+00:00

Run Audit

Mary Run: 0c0257e74011447f95c7dedeac93e7f0
Mary As Of: 2026-08-22
Accession: 0001104659-26-059743
CIK: 0001781983
Mary Filing Date: 2026-05-13
Filing Currency: USD
Internal Discount: 81.4%
Source State: Verified
Market Context: Not Displayed
Market Policy: internal_only_not_redistributed
Share Trend: Not Evaluated
Dilution: Needs Review

mary_run=0c0257e74011447f95c7dedeac93e7f0; mary_as_of=2026-08-22; mary_filing_date=2026-05-13; mary_accession=0001104659-26-059743; mary_cik=0001781983; gnni_supporting_filing_date=2026-05-13; internal_discount=0.813957; 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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