SVRN, Inc.
SVRN Industrials Marine Shipping
SVRN, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $13.4 million, down 47.9% from fiscal 2024. In the quarter to June 2025, revenue was flat, EPS fell 178.6% and free cash flow fell 216.4%, each against the same quarter a year earlier. Insiders bought in the last twelve months.
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SVRN, Inc. (SVRN) Piotroski F-score
SVRN, Inc.'s Piotroski F-score for fiscal 2025 cannot be worked out: operating cash flow, long-term debt, and current liabilities not reported.
Piotroski F-score, annual
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Annual newest first
| Period | Piotroski F-score | Change (points) |
|---|---|---|
| FY2024 | 4 | 0.00 |
| FY2023 | 4 | — |
How fiscal 2025’s score is made up
| Test | This year | Year before | Result | Points |
|---|---|---|---|---|
| Positive return on assets | (54.91%) | (21.41%) | Fail | 0 |
| Positive operating cash flow | — | (3.53m) | n/a | — |
| Rising return on assets | (54.91%) | (21.41%) | Fail | 0 |
| Cash flow above net income | — | 16.20m | n/a | — |
| Falling long-term leverage | — | 0.00 | n/a | — |
| Rising current ratio | — | 2.77 | n/a | — |
| No new shares issued | 385,100 | 14,900 | Fail | 0 |
| Rising gross margin | 27.61% | 36.99% | Fail | 0 |
| Rising asset turnover | 0.11 | 0.28 | Fail | 0 |
| Piotroski F-score | n/a — operating cash flow, long-term debt, and current liabilities not reported | — | ||
How the Piotroski F-score works
One point for each of nine tests, this fiscal year against the one before: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, a rising current ratio, no new shares issued, a rising gross margin and rising asset turnover. The ratios are the ones on this site, so each can be checked.
Joseph Piotroski (2000) called 8–9 high and 0–1 low; reading it in three bands is the common convention:
| 7–9 | Strong — most fundamentals improved |
|---|---|
| 4–6 | Mixed |
| 0–3 | Weak — most fundamentals deteriorated |
Where this differs from the paper: return on assets is on average rather than beginning-of-year assets, and weighted basic shares stand in for shares issued. The score is shown only when all nine tests can be worked out, which takes three fiscal years; banks and insurers, which report no current assets or gross profit, have none.
Piotroski F-score against peers
| Company | Piotroski F-score |
|---|---|
| DSX Diana Shipping inc. compare | 7 |
| GLBS Globus Maritime Limited compare | 6 |
| EDRY EuroDry compare | 5 |
| HMR Heidmar Maritime Holdings Corp. compare | 4 |
| USEA United Maritime Corporation compare | 4 |
| PSHG Performance Shipping Inc. compare | 3 |
| SMHI SEACOR Marine Holdings Inc. compare | 3 |
| SVRN SVRN, Inc. | — |
| EHLD Euroholdings Ltd. compare | — |
What Piotroski F-score is
The Piotroski F-Score tells an investor how many signs of improving profitability, funding and efficiency a company shows against a year earlier.
One point for each of nine tests against a year earlier: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, rising current ratio, no new shares issued, rising gross margin, and rising asset turnover