IMAC Holdings, Inc.
BACKOTCHealthcare · Services-Specialty Outpatient Facilities, NEC · DE · SEC filings ↗ · Compare ⊕
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SEC XBRL · annual| FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | |
|---|---|---|---|---|---|---|
| Revenue | $72,050 | — | $16.2M | $14.4M | $12.8M | $15.1M |
| Operating income | −$5.6M | −$6.4M | −$11.8M | −$10.1M | −$6.5M | −$6.2M |
| Net income | −$9.0M | −$9.4M | −$18.3M | −$10.5M | −$2.1M | −$6.5M |
| Total assets | $1.6M | $1.1M | $11.1M | $27.2M | $19.7M | $20.4M |
| Total liabilities | $8.0M | $1.9M | $6.4M | $9.3M | $11.9M | $12.5M |
| Equity | −$6.4M | −$752,647 | $4.7M | $18.0M | $7.8M | $7.9M |
| EPS (diluted) | $-5.76 | $-8.47 | $-19.43 | $-0.47 | — | — |
| Shares out. | 1.1M | 33.0M | 26.5M | 13.3M | 9.8M | 8.9M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2024- Operating margin
- −7804.7%
- Net margin
- −12554.9%
- Return on equity
- 141.5%
- Return on assets
- −569.3%
- Return on capital (ROCE)
- —
- Liabilities / assets
- 502.4%
- Debt / equity
- —
- Book value / share
- $-5.57
- Revenue growth (YoY)
- —
- 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)
- -188.07distress
- Accruals / assets
- −370.3%clean
- Piotroski F-Score
- 3/7weak
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 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
● 3 severe● 4 warning● 2 good- Negative shareholder equity
- Altman Z″ in the distress zone
- Filed a late-filing notice (Form NT) — missed an SEC deadline
- Operating losses (negative operating margin)
- Reported a net loss
- High leverage (liabilities > 70% of assets)
- Negative operating cash flow
- Strong return on equity (>15%)
- 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- NT 10-Qmissed a reporting deadline ↗Nov 14, 2025
- NT 10-Qmissed a reporting deadline ↗May 16, 2025
- NT 10-Kmissed a reporting deadline ↗Mar 31, 2025
- NT 10-Qmissed a reporting deadline ↗Nov 15, 2024
- NT 10-Qmissed a reporting deadline ↗Aug 15, 2024
- NT 10-Kmissed a reporting deadline ↗Apr 1, 2024
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.
5%+ owners
SEC Schedule 13D / 13G · last 3 yrs- Ruiz JorgePassive (13G)Mar 18, 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.
Insider transactions
SEC Form 4 · most recent| Insider | Date | Type | Shares | Price |
|---|---|---|---|---|
| Ruiz Jorge10% owner | Apr 5, 2024 | Buy | 1 | $2.69 |
| Ruiz Jorge10% owner | Mar 27, 2024 | Sell | 5,000 | $3.00 |
| Ruiz Jorge10% owner | Mar 25, 2024 | Sell | 100 | $2.42 |
| Ruiz Jorge10% owner | Mar 22, 2024 | Buy | 164,872 | $3.58 |
| Busch JeffreyDirector | Dec 31, 2024 | Grant | 3,333 | — |
| Pruitt Michael DDirector | Dec 31, 2024 | Grant | 3,333 | — |
| Evans Maurice E.Director | Dec 31, 2024 | Grant | 3,333 | — |
| Schwartz Matthew WilsonDirector | Dec 31, 2024 | Grant | 3,333 | — |
| Beitsch PeterDirector | Dec 31, 2024 | Grant | 3,333 | — |
| Sucoff CaryDirector | Dec 20, 2023 | Option exercise | 3,333 | — |
| Pruitt Michael DDirector | Dec 20, 2023 | Option exercise | 3,333 | — |
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.
Short interest
FINRA · bi-monthly| Settlement | Shares short | Days to cover | Δ vs prior |
|---|---|---|---|
| May 15, 2026 | 10,754 | 1.0 | +47.1% |
| Apr 30, 2026 | 7,312 | 1.0 | -1.7% |
| Apr 15, 2026 | 7,440 | 1.2 | -0.6% |
| Mar 31, 2026 | 7,481 | 2.1 | -1.7% |
| Mar 13, 2026 | 7,610 | 1.5 | -0.3% |
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- Entered a material agreement · Unregistered equity saleMar 19, 2026
- Entered a material agreement · New financial obligationFeb 27, 2026
- Entered a material agreement · New financial obligationFeb 18, 2026
- Entered a material agreement · New financial obligationJan 30, 2026
- Entered a material agreement · New financial obligationJan 16, 2026
- Entered a material agreement · New financial obligation · Unregistered equity saleDec 30, 2025
- Entered a material agreement · New financial obligationDec 29, 2025
- Entered a material agreement · New financial obligationDec 16, 2025
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.