Silicom Ltd Financials
Silicom Ltd (SILC) reported $61.9M in revenue for fiscal year 2025, up 6.6% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Silicom’s current business mechanic is scale mismatch: gross profit no longer fully carries the fixed engineering base, so cash depends on working-capital swings.
FY2023 and FY2024 produced positive free cash flow even while operating losses stayed deep, which implies the cash improvement came more from balance-sheet release than from a repaired earnings engine. That support faded in FY2025, when operating cash flow slipped to-$2.2M and inventory rebuilt to$52.7M , showing how exposed cash generation is when working capital stops shrinking.
FY2025 gross margin improved to
The balance sheet still provides a liquidity cushion: FY2025 ended with
Financial Health Signals
Scored against emerging companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Silicom Ltd's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Not available for Silicom Ltd, and counted as zero in the overall score.
Silicom Ltd scores 5.99, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($247.7M) relative to total liabilities ($34.7M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Silicom Ltd passes 5 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.
Silicom Ltd reported a net loss of $11.5M while operations used $2.2M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
Silicom Ltd generated $61.9M in revenue in fiscal year 2025. This represents an increase of 6.6% from the prior year.
Silicom Ltd's EBITDA was -$10.7M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 3.6% from the prior year.
Silicom Ltd reported -$11.5M in net income in fiscal year 2025. This represents an increase of 16.3% from the prior year.
Silicom Ltd earned -$2.01 per diluted share (EPS) in fiscal year 2025. This represents an increase of 11.7% from the prior year.
Cash & Balance Sheet
Silicom Ltd recorded an outflow of $3.3M in free cash flow in fiscal year 2025, representing a cash shortfall after capex. This represents a decrease of 119.3% from the prior year.
Silicom Ltd held $35.2M in cash as of fiscal year 2025; long-term debt is not reported for that period.
Not reported for fiscal year 2025.
Margins & Returns
Silicom Ltd's gross margin was 30.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 2.0 percentage points from the prior year.
Silicom Ltd's operating margin was -19.8% in fiscal year 2025, reflecting core business profitability. This is up 3.0 percentage points from the prior year.
Silicom Ltd's net profit margin was -18.5% in fiscal year 2025, showing the share of revenue converted to profit. This is up 5.0 percentage points from the prior year.
Silicom Ltd's ROE was -9.8% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 1.0 percentage points from the prior year.
Capital Allocation
Silicom Ltd invested $20.1M in research and development in fiscal year 2025. This represents an increase of 2.8% from the prior year.
Silicom Ltd spent $1.7M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 83.2% from the prior year.
Silicom Ltd invested $1.2M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 27.6% from the prior year.
SILC Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $61.9M+6.6% | $58.1M-53.2% | $124.1M-17.6% | $150.6M+17.2% | $128.5M+19.6% | $107.4M+2.1% | $105.2M-21.3% | $133.8M+6.4% | $125.7M+25.3% | $100.3M+21.3% | $82.7M+9.4% | $75.6M+3.2% | $73.3M+50.4% | $48.7M+23.0% | $39.6M |
| Cost of Revenue | $43.0M+3.6% | $41.5M-56.5% | $95.4M-3.2% | $98.6M+17.3% | $84.1M+14.2% | $73.6M+6.5% | $69.1M-24.6% | $91.7M+15.0% | $79.8M+29.1% | $61.8M+27.0% | $48.7M+8.5% | $44.8M+2.2% | $43.9M+52.1% | $28.8M+28.6% | $22.4M |
| Gross Profit | $18.9M+14.0% | $16.6M-42.1% | $28.7M-44.8% | $52.0M+17.0% | $44.4M+31.5% | $33.8M-6.4% | $36.1M-14.2% | $42.1M-8.4% | $45.9M+19.1% | $38.6M+13.1% | $34.1M+10.7% | $30.8M+4.6% | $29.4M+48.1% | $19.9M+15.6% | $17.2M |
| R&D Expenses | $20.1M+2.8% | $19.5M-5.5% | $20.6M+0.4% | $20.6M+2.3% | $20.1M+16.5% | $17.2M+14.4% | $15.1M+1.7% | $14.8M+6.5% | $13.9M+9.9% | $12.7M+30.5% | $9.7M+49.7% | $6.5M+18.6% | $5.5M+24.2% | $4.4M+5.7% | $4.2M |
| SG&A Expenses | $4.6M+5.8% | $4.4M+3.0% | $4.2M-5.5% | $4.5M-3.5% | $4.6M+14.2% | $4.1M-2.3% | $4.2M+5.5% | $3.9M-12.5% | $4.5M+13.6% | $4.0M+9.9% | $3.6M+29.1% | $2.8M+8.8% | $2.6M+8.6% | $2.4M+25.3% | $1.9M |
| Operating Income | -$12.3M+7.7% | -$13.3M+53.7% | -$28.7M-243.9% | $19.9M+52.6% | $13.1M+109.0% | $6.2M-38.8% | $10.2M-38.7% | $16.7M-34.5% | $25.4M+60.6% | $15.8M-13.0% | $18.2M+6.8% | $17.0M-3.0% | $17.6M+75.3% | $10.0M+18.4% | $8.5M |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $643K+14.6% | $561K+12.4% | $499K |
| Income Tax | $871K-63.6% | $2.4M+369.0% | -$889K-121.8% | $4.1M+72.8% | $2.4M+51.8% | $1.6M-4.1% | $1.6M-44.7% | $2.9M-24.1% | $3.9M+41.8% | $2.7M+43.2% | $1.9M-29.5% | $2.7M+198.8% | $905K-0.5% | $910K+36.4% | $667K |
| Net Income | -$11.5M+16.3% | -$13.7M+48.1% | -$26.4M-244.3% | $18.3M+73.7% | $10.5M+84.1% | $5.7M-44.1% | $10.2M-30.1% | $14.6M-32.6% | $21.7M+65.3% | $13.1M-20.5% | $16.5M+13.1% | $14.6M-14.5% | $17.1M+73.0% | $9.9M+19.8% | $8.2M |
| EPS (Diluted) | -$2.01+11.7% | -$2.28+42.2% | -$3.94-246.3% | $2.69+78.1% | $1.51+89.1% | $0.80-40.8% | $1.35-29.3% | $1.91-33.1% | $2.86+61.6% | $1.77-21.2% | $2.24+12.3% | $2.00-15.3% | $2.36+66.3% | $1.42+20.3% | $1.18 |
SILC Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $152.2M+1.2% | $150.4M-10.3% | $167.7M-22.4% | $216.2M-1.6% | $219.6M+12.1% | $195.9M+0.4% | $195.1M+7.0% | $182.3M+12.1% | $162.6M+11.0% | $146.4M+4.6% | $140.0M+14.3% | $122.4M+16.3% | $105.3M+18.2% | $89.0M+22.2% | $72.9M |
| Current Assets | $113.1M-12.8% | $129.8M-4.0% | $135.1M-12.0% | $153.6M+3.0% | $149.1M+9.5% | $136.2M+23.3% | $110.4M+6.1% | $104.1M-15.7% | $123.5M+19.5% | $103.3M+32.0% | $78.3M-6.3% | $83.5M+8.1% | $77.2M+33.5% | $57.9M+23.3% | $47.0M |
| Cash & Equivalents | $35.2M-31.4% | $51.3M+9.2% | $47.0M+52.8% | $30.7M+4.9% | $29.3M+41.6% | $20.7M+25.5% | $16.5M-38.6% | $26.8M+57.5% | $17.0M+42.8% | $11.9M-34.4% | $18.2M+1.6% | $17.9M+37.6% | $13.0M-2.3% | $13.3M+15.9% | $11.5M |
| Inventory | $52.6M+28.2% | $41.1M-20.3% | $51.5M-41.5% | $88.0M+16.1% | $75.8M+59.0% | $47.6M+30.6% | $36.5M-13.9% | $42.4M-17.7% | $51.5M+16.3% | $44.3M+68.2% | $26.3M+3.4% | $25.4M-11.6% | $28.8M+94.5% | $14.8M+32.4% | $11.2M |
| Accounts Receivable | $9.2M-21.7% | $11.7M-53.0% | $25.0M-8.3% | $27.3M-12.4% | $31.1M+43.7% | $21.7M-13.1% | $24.9M+6.3% | $23.5M-42.4% | $40.7M+49.2% | $27.3M+17.2% | $23.3M+26.3% | $18.4M+27.3% | $14.5M+19.2% | $12.1M+44.5% | $8.4M |
| Goodwill | N/A | N/A | $0-100.0% | $25.6M0.0% | $25.6M0.0% | $25.6M0.0% | $25.6M0.0% | $25.6M0.0% | $25.6M0.0% | $25.6M0.0% | $25.6M+108.8% | $12.2M | $0 | N/A | N/A |
| Total Liabilities | $34.7M+53.6% | $22.6M+15.9% | $19.5M-47.2% | $36.9M-39.6% | $61.1M+48.9% | $41.0M+27.7% | $32.1M+33.1% | $24.2M+10.7% | $21.8M-12.9% | $25.0M-7.8% | $27.2M+25.2% | $21.7M+49.0% | $14.6M+3.5% | $14.1M+63.7% | $8.6M |
| Current Liabilities | $27.3M+80.6% | $15.1M+17.2% | $12.9M-52.5% | $27.1M-46.1% | $50.3M+71.3% | $29.4M+11.6% | $26.3M+22.2% | $21.5M+13.1% | $19.0M+6.0% | $18.0M-8.8% | $19.7M+3.7% | $19.0M+59.1% | $11.9M+1.3% | $11.8M+83.1% | $6.4M |
| Total Equity | $117.5M-8.1% | $127.8M-13.8% | $148.3M-17.3% | $179.3M+13.1% | $158.5M+2.3% | $154.8M-5.0% | $162.9M+3.0% | $158.1M+12.3% | $140.8M+16.0% | $121.4M+7.6% | $112.8M+12.0% | $100.7M+11.1% | $90.7M+21.0% | $75.0M+16.6% | $64.3M |
| Retained Earnings | $96.0M-10.7% | $107.5M-11.3% | $121.2M-17.9% | $147.6M+13.5% | $130.0M+8.8% | $119.5M+5.0% | $113.8M+9.9% | $103.5M+16.5% | $88.9M+19.2% | $74.6M+8.5% | $68.8M+15.5% | $59.5M+14.3% | $52.1M+33.8% | $38.9M+34.0% | $29.0M |
Not reported in any period shown, so not listed: Long-Term Debt.
SILC Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$2.2M-111.8% | $18.3M-42.7% | $31.9M+880.6% | -$4.1M-479.1% | $1.1M-78.2% | $5.0M-81.5% | $26.7M-41.5% | $45.7M+3144.2% | $1.4M+152.0% | -$2.7M-120.4% | $13.3M-35.8% | $20.7M+978.4% | $1.9M-78.4% | $8.9M+89.5% | $4.7M |
| Capital Expenditures | $1.2M+27.6% | $932K-16.9% | $1.1M-46.3% | $2.1M-19.2% | $2.6M+52.7% | $1.7M+17.6% | $1.4M+7.1% | $1.3M-20.4% | $1.7M+17.3% | $1.4M-51.7% | $3.0M+60.6% | $1.9M+126.0% | $822K+3.0% | $798K+64.2% | $486K |
| Free Cash Flow | -$3.3M-119.3% | $17.4M-43.7% | $30.8M+598.5% | -$6.2M-310.0% | -$1.5M-146.2% | $3.3M-87.1% | $25.3M-43.0% | $44.3M+15820.9% | -$282K+93.2% | -$4.1M-140.3% | $10.3M-45.3% | $18.8M+1617.7% | $1.1M-86.5% | $8.1M+92.4% | $4.2M |
| Investing Cash Flow | -$12.4M-190.2% | -$4.3M+43.1% | -$7.5M-190.9% | $8.3M-50.7% | $16.8M+8.6% | $15.4M+152.1% | -$29.6M+18.4% | -$36.3M-526.3% | $8.5M+19.3% | $7.1M+204.9% | -$6.8M+32.0% | -$10.0M-3482.8% | -$279K+96.2% | -$7.4M-4349.7% | $173K |
| Financing Cash Flow | -$1.7M+83.2% | -$9.9M-23.9% | -$8.0M-658.6% | -$1.1M+89.3% | -$9.8M+40.8% | -$16.5M-111.4% | -$7.8M-2814.2% | $288K+106.1% | -$4.7M+56.3% | -$10.8M-71.0% | -$6.3M-8.6% | -$5.8M-188.6% | -$2.0M-829.2% | $277K+68.9% | $164K |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $7.4M+1.0% | $7.3M+0.5% | $7.3M+1.3% | $7.2M+83.6% | $3.9M | N/A | N/A |
| Share Buybacks | $1.7M-83.2% | $9.9M+6.0% | $9.3M+171.9% | $3.4M-76.0% | $14.3M-14.9% | $16.8M+110.7% | $8.0M | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
SILC Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 30.6%+2.0pp | 28.6%+5.5pp | 23.1%-11.4pp | 34.5%-0.1pp | 34.5%+3.1pp | 31.4%-2.9pp | 34.3%+2.9pp | 31.4%-5.1pp | 36.5%-1.9pp | 38.4%-2.8pp | 41.2%+0.5pp | 40.7%+0.6pp | 40.2%-0.6pp | 40.8%-2.6pp | 43.4% |
| Operating Margin | -19.8%+3.0pp | -22.9%+0.3pp | -23.1%-36.3pp | 13.2%+3.1pp | 10.2%+4.3pp | 5.8%-3.9pp | 9.7%-2.7pp | 12.4%-7.8pp | 20.2%+4.5pp | 15.8%-6.2pp | 22.0%-0.5pp | 22.5%-1.4pp | 24.0%+3.4pp | 20.6%-0.8pp | 21.4% |
| Net Margin | -18.5%+5.0pp | -23.6%-2.3pp | -21.3%-33.4pp | 12.2%+3.9pp | 8.2%+2.9pp | 5.3%-4.4pp | 9.7%-1.2pp | 10.9%-6.3pp | 17.3%+4.2pp | 13.1%-6.9pp | 20.0%+0.7pp | 19.3%-4.0pp | 23.3%+3.0pp | 20.3%-0.5pp | 20.8% |
| Return on Equity | -9.8%+1.0pp | -10.7%+7.1pp | -17.8%-28.0pp | 10.2%+3.6pp | 6.7%+3.0pp | 3.7%-2.6pp | 6.3%-3.0pp | 9.3%-6.2pp | 15.4%+4.6pp | 10.8%-3.8pp | 14.6%+0.1pp | 14.5%-4.3pp | 18.8%+5.7pp | 13.2%+0.4pp | 12.8% |
| Return on Assets | -7.5%+1.6pp | -9.1%+6.6pp | -15.8%-24.2pp | 8.5%+3.7pp | 4.8%+1.9pp | 2.9%-2.3pp | 5.3%-2.8pp | 8.0%-5.3pp | 13.4%+4.4pp | 9.0%-2.8pp | 11.8%-0.1pp | 11.9%-4.3pp | 16.2%+5.1pp | 11.1%-0.2pp | 11.3% |
| Current Ratio | 4.15-4.4x | 8.60-1.9x | 10.49+4.8x | 5.67+2.7x | 2.96-1.7x | 4.64+0.4x | 4.19-0.6x | 4.83-1.6x | 6.48+0.7x | 5.75+1.8x | 3.97-0.4x | 4.40-2.1x | 6.47+1.6x | 4.91-2.4x | 7.29 |
| Debt-to-Equity | 0.30+0.1x | 0.180.0x | 0.13-0.1x | 0.21-0.2x | 0.39+0.1x | 0.27+0.1x | 0.200.0x | 0.150.0x | 0.15-0.1x | 0.210.0x | 0.240.0x | 0.22+0.1x | 0.160.0x | 0.19+0.1x | 0.13 |
| FCF Margin | -5.4%-35.3pp | 29.9%+5.1pp | 24.8%+28.9pp | -4.1%-2.9pp | -1.2%-4.2pp | 3.0%-21.0pp | 24.0%-9.1pp | 33.1%+33.4pp | -0.2%+3.9pp | -4.1%-16.6pp | 12.4%-12.4pp | 24.9%+23.4pp | 1.5%-15.1pp | 16.6%+6.0pp | 10.6% |
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Where Silicom Ltd Ranks
Frequently Asked Questions
What is Silicom Ltd's annual revenue?
Silicom Ltd (SILC) reported $61.9M in total revenue for fiscal year 2025. This represents a 6.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Silicom Ltd's revenue growing?
Silicom Ltd (SILC) revenue grew by 6.6% year-over-year, from $58.1M to $61.9M in fiscal year 2025.
Is Silicom Ltd profitable?
No, Silicom Ltd (SILC) reported a net income of -$11.5M in fiscal year 2025, with a net profit margin of -18.5%.
What is Silicom Ltd's EBITDA?
Silicom Ltd (SILC) had EBITDA of -$10.7M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Silicom Ltd's gross margin?
Silicom Ltd (SILC) had a gross margin of 30.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Silicom Ltd's operating margin?
Silicom Ltd (SILC) had an operating margin of -19.8% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Silicom Ltd's net profit margin?
Silicom Ltd (SILC) had a net profit margin of -18.5% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Silicom Ltd's return on equity (ROE)?
Silicom Ltd (SILC) has a return on equity of -9.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Silicom Ltd's free cash flow?
Silicom Ltd (SILC) recorded an outflow of $3.3M in free cash flow during fiscal year 2025. This represents a -119.3% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Silicom Ltd's operating cash flow?
Silicom Ltd (SILC) recorded an outflow of $2.2M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are Silicom Ltd's total assets?
Silicom Ltd (SILC) had $152.2M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Silicom Ltd's capital expenditures?
Silicom Ltd (SILC) invested $1.2M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Silicom Ltd spend on research and development?
Silicom Ltd (SILC) invested $20.1M in research and development during fiscal year 2025.
What is Silicom Ltd's current ratio?
Silicom Ltd (SILC) had a current ratio of 4.15 as of fiscal year 2025, which is generally considered healthy.
What is Silicom Ltd's debt-to-equity ratio?
Silicom Ltd (SILC) had a debt-to-equity ratio of 0.30 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Silicom Ltd's return on assets (ROA)?
Silicom Ltd (SILC) had a return on assets of -7.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Silicom Ltd's cash runway?
Based on fiscal year 2025 data, Silicom Ltd (SILC) had $35.2M in cash against an annual operating cash burn of $2.2M. This gives an estimated cash runway of approximately 195 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Silicom Ltd's Altman Z-Score?
Silicom Ltd (SILC) has an Altman Z-Score of 5.99, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Silicom Ltd's Piotroski F-Score?
Silicom Ltd (SILC) has a Piotroski F-Score of 5 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Silicom Ltd's earnings high quality?
Silicom Ltd (SILC) reported a net loss of $11.5M while operations used $2.2M of cash. With neither figure positive, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Silicom Ltd?
Silicom Ltd (SILC) scores 55 out of 100 on our Financial Health Score, indicating moderate standing within its emerging companies peer group. The score is a 0-100 composite of six dimensions (Cash Runway, Dilution, R&D Intensity, Revenue Progress, Burn Trend, Balance Sheet), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.