Event-Driven Stocks

Next Bridge Hydrocarbons, Inc.

Energy · Crude Petroleum & Natural Gas · NV · SEC filings ↗ · Compare ⊕

Signs● 2 good● 4 warning● 2 severedetails ↓

Financials

SEC XBRL · annual
 FY25FY24FY23FY22
Revenue$10,343$12,585$26,031$38,273
Operating income————
Net income−$10.6M−$59.6M−$10.4M−$7.9M
Total assets$916,299$1.4M$55.9M$1.0M
Total liabilities$63.3M$53.3M$49.4M$31.3M
Equity−$62.4M−$51.8M$6.4M$11.3M
EPS (diluted)————
Shares out.264.6M251.4M248.8M165.5M

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

Key ratios

from filings · FY2025
Operating margin
—
Net margin
−102109.1%
Return on equity
16.9%
Return on assets
−1152.6%
Return on capital (ROCE)
—
Liabilities / assets
6904.5%
Debt / equity
—
Book value / share
$-0.24
Revenue growth (YoY)
−17.8%
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 · FY2025
Accruals / assets
−945.6%clean
Piotroski F-Score
3/8weak

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
27
/ 100
Profitability 33Growth 0Catalyst 33Earnings quality 67Financial strength 0

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

● 2 severe● 4 warning● 2 good
  • Negative shareholder equity
  • Filed a late-filing notice (Form NT) — missed an SEC deadline
  • Reported a net loss
  • Revenue declined year-over-year
  • 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

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
4 acquisitions0 disposalsnet +2.5M shares · last 4
InsiderDateTypeSharesPrice
Wurtele Roger NOfficer — Chief Financial OfficerMar 10, 2025Grant375,000—
Pocock Edward S. IiiDirectorDec 30, 2024J42,383$1.20
Mccabe GregOfficer — Chief Executive OfficerDec 30, 2024J981,372$1.20
Cook Robert LanceDirectorMar 10, 2025Grant1.1M—

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 (1)