Paragon 28, Inc.
FNAHealthcare · Surgical & Medical Instruments & Apparatus · DE · SEC filings ↗ · Compare ⊕
View price & chart on Yahoo Finance ↗Financials
SEC XBRL · annual| FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | |
|---|---|---|---|---|---|---|
| Revenue | $256.2M | $216.4M | $181.4M | $147.5M | $111.0M | $106.3M |
| Operating income | −$40.8M | −$45.7M | −$61.7M | −$10.8M | $2.1M | $2.7M |
| Net income | −$54.6M | −$57.5M | −$65.6M | −$13.7M | $3.5M | $3.1M |
| Total assets | $290.7M | $332.7M | $254.1M | $234.5M | $97.6M | — |
| Total liabilities | $160.1M | $163.0M | $113.2M | $42.4M | $26.1M | — |
| Equity | $130.6M | $169.7M | $142.6M | $192.2M | $30.4M | $23.0M |
| EPS (diluted) | $-0.66 | $-0.70 | $-0.86 | $-0.26 | $0.04 | $0.05 |
| Shares out. | 82.8M | 88.2M | 76.4M | 76.4M | 46.7M | 61.5M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2024- Operating margin
- −15.9%
- Net margin
- −21.3%
- Return on equity
- −41.8%
- Return on assets
- −18.8%
- Return on capital (ROCE)
- −16.8%
- Liabilities / assets
- 55.1%
- Debt / equity
- 1.23×
- Book value / share
- $1.58
- Revenue growth (YoY)
- 18.4%
- Net income growth (YoY)
- —
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 · FY2024- Altman Z″ (distress)
- 0.64distress
- Accruals / assets
- −9.5%clean
- Beneish M-Score
- -2.85normal
- Piotroski F-Score
- 4/9mixed
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 ScoreOur 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● 2 good- Altman Z″ in the distress zone
- Operating losses (negative operating margin)
- Reported a net loss
- Negative operating cash flow
- Revenue is growing year-over-year
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
5%+ owners
SEC Schedule 13D / 13G · last 3 yrs- Mvm Partners, LlcPassive (13G)May 15, 2025
- Dacosta AlbertPassive (13G)May 12, 2025
- First Light Asset Management, LlcPassive (13G)Mar 7, 2025
- Glazer Capital, LlcPassive (13G)Feb 28, 2025
- Rosenthal Investment Company, LlcPassive (13G)Feb 6, 2025
Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.
Short interest
FINRA · bi-monthly| Settlement | Shares short | Days to cover | Δ vs prior |
|---|---|---|---|
| Apr 15, 2025 | 1.3M | 1.0 | +19.2% |
| Mar 31, 2025 | 1.1M | 1.0 | -17.3% |
| Mar 14, 2025 | 1.3M | 1.0 | -10.5% |
Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.
Material events
SEC Form 8-K · most recent- Terminated a material agreement · Completed an acquisition or disposition · Delisting / listing-standard notice · Modified shareholder rights · Change in control · Director / officer change · Amended charter or bylawsApr 21, 2025
- Shareholder vote · Other material eventApr 17, 2025
- Other material eventApr 10, 2025
- Other material eventMar 11, 2025
- Entered a material agreementJan 29, 2025
- Other material eventJan 29, 2025
- Results of operationsJan 13, 2025
- Director / officer change · Regulation FD disclosureDec 11, 2024
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)
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