Event-Driven Stocks

GWG Holdings, Inc.

Financials · Life Insurance · SEC filings ↗ · Compare ⊕

Signs● 1 good● 3 warning● 1 severedetails ↓

Financials

SEC XBRL · annual
 FY20FY19FY18FY17FY16FY15
Revenue$22.8M$92.3M−$390,000$64.1M$69.5M$39.6M
Operating income——————
Net income−$85.9M$87.4M−$119.5M−$20.6M$391,909−$5.3M
Total assets$3.71B$3.68B$1.48B$818.9M$643.2M$395.9M
Total liabilities$1.87B$1.80B$1.20B$685.2M$575.9M$379.7M
Equity$250.8M$313.3M$281.1M$133.7M$67.3M$16.1M
EPS (diluted)$-1.55$2.06$-22.32$-5.72$-0.53$-1.25
Shares out.33.0M33.0M5.8M5.8M5.9M5.9M

Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.

Key ratios

from filings · FY2020
Operating margin
—
Net margin
−376.7%
Return on equity
−34.3%
Return on assets
−2.3%
Return on capital (ROCE)
—
Liabilities / assets
50.3%
Debt / equity
7.44×
Book value / share
$7.59
Revenue growth (YoY)
−75.3%
Net income growth (YoY)
−198.3%

Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.

Financial health

forensic scores · FY2020
Accruals / assets
−1.2%clean
Piotroski F-Score
1/7weak

Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.

Quality score

EDS Score
40
/ 100
Profitability 0Growth 0Catalyst 33Earnings quality 67Financial strength 100

Our own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.

Signs

● 1 severe● 3 warning● 1 good
  • Filed a late-filing notice (Form NT) — missed an SEC deadline
  • Reported a net loss
  • Revenue declined year-over-year
  • Negative operating cash flow
  • Clean earnings (low accruals)

Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.

Risk flags

late SEC filings

A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.

Insider transactions

SEC Form 4 · most recent
3 acquisitions0 disposalsnet +43.9M shares · last 3
InsiderDateTypeSharesPrice
Gwg Holdings, Inc.10% ownerJul 7, 2023J43.9M$4.66
Schnitzer Bruce WilliamDirectorJun 18, 2020Option exercise8,169$0.00
Lockhart Dennis PDirectorJun 18, 2020Option exercise8,169$0.00

Headline trade per Form 4 (officers, directors, 10%+ owners). Buy/sell read from the filing's structured data — blank where a field isn't cleanly tagged.

Material events

SEC Form 8-K · most recent

Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.

Recent SEC filings

All filings ↗

Event-driven situations (2)