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Perpetuals.com Ltd (PDC) Revenue-to-Profit Sankey Flow & SEC XBRL Financials

$2.51 +7.73% NASDAQ • Live Quote vs Prior Daily Close (Synced Snapshot) EXT / AFTER-HRS: $2.54

Perpetuals.com Ltd (PDC) carries a Roarable Rating of E (Strong Sell) with 31/100 RQD Confidence due to weak cash-flow efficiency and sensitivity to current interest rates. Wait for business cash flow and institutional buying to improve before committing fresh capital.

ROARABLE E • RED ALERT Cap $20.4M
📤 Share Live RQD Speedometer Card: 𝕏 Post Reddit StockTwits ⬇ Live SVG Card
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🤖 Mara Quenwick • AI Quant Lead (Click for Instant Brief) Is PDC stock a Buy, Hold, or Sell right now according to Roarable's RQD model?
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As of 2026-11-03, Perpetuals.com Ltd (NASDAQ: PDC) is rated E (Strong Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 31/100 at a spot price of $2.51 (+7.73% 1D, market cap $20.4M). Pillar breakdown: Fundamental Cash Engine 10/20, Institutional 13F & Options Flow 5/20, SEC Balance-Sheet Forensics 8/20, FRED Macro Regime Fit 5/20, and Executive Insider Alignment 3/20. Across 715 tracked Technology issuers, PDC ranks #578 in composite RQD confidence.

✓ Pre-computed one-to-many AI Quant brief
🤖 Ellis Vennor • AI Peer & Flow Quant (Click for Instant Brief) How does PDC compare to STEM and MNDO in the Technology sector?
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Within the Technology sector (EDP Services), PDC carries a Roarable E (31/100 RQD), trailing P/E of N/A, gross margin of 59.5%, and ROIC of —. By comparison, STEM (Stem Inc. (Class A)) holds a D- grade (41/100 RQD, P/E N/A, ROIC -35.0%, cap $21.4M) and MNDO (MIND C.T.I. Ltd.) posts a C- grade (60/100 RQD, P/E 6.8x, ROIC 11.0%, cap $17.9M). Among the 5-stock peer group, MNDO leads on earnings multiple (6.8x) while MNDO leads on capital efficiency (11.0% ROIC).

✓ Pre-computed one-to-many AI Quant brief
🤖 Gideon Ashmere • AI SEC 10-K Forensics (Click for Instant Brief) What are the biggest fundamental strengths and SEC risk factors for PDC?
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Per PDC's SEC EDGAR XBRL 10-K filing (FY2025, filed 2026-04-30, CIK 0001944399), Perpetuals.com Ltd generated $1.6M in revenue (-47.0% YoY), -$17.5M in net income, and -$4.1M in free cash flow against $0 in total assets and $0 in total debt. Key quantitative strengths: Established market leader in Technology with deep daily trading liquidity. Primary risk factors monitored: Company executives have done more routine share selling than personal cash buying lately. Institutional options positioning shows a 50% call / 50% put premium split.

✓ Pre-computed one-to-many AI Quant brief
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INTERACTIVE SCENARIO DECK:
🛡️ Portfolio Crash X-Ray
EXT / AFTER-HRS: $2.54 (+1.20%)🧬 Dilution Drag (+2.48% YoY Shares)⚙️ Cash Engine: 10/20 (D) • 0% FCF Margin
Verify 90D Bucket Audit →
📊 Historical Track Record Warning: Scores below 50 (31/100 · E) historically underperformed SPY in 71% of rolling 90-day windows (-9.4% avg 90D alpha vs SPY • 29.0% hit rate).
Audit Bucket Track Record →
RQD QUANT TACHOMETERRED ALERT • E
025507510031
3-of-3 JEV AI Jury Bearish Warning
Cash
SEC
Whale

Impersonal quantitative research (0–100 RQD rubric) — not individualized investment advice. Past performance does not guarantee future results. Full Disclaimer

5-PILLAR SNOWFLAKE RADARRw E · Rk E
Cash (10)Whales (5)SEC (8)Macro (5)CEO (3)
Each axis scored 0–20
12M PRICE TARGET CONE-12% Base Target
$9 Bull$2 Base$2 Bear
📬 FREE PDC RATING-CHANGE & BRIEFING ALERTSManage / Unsubscribe
WHALE OPTIONS SNAPSHOT: — (No Active Options Snapshot on file for PDC)Realized 20D OHLCV Swing Band: ±12.5%
Deterministic 5-Pillar Attribution (31/100 Composite)
🔍 WHY PDC SCORES 31/100 (E) — TOP 3 DRIVERS2 Bullish Pillars + #1 Risk Drag
▲ #1 Bullish Driver: Cash Engine Quality+10/20 pts (32% of score)

SEC XBRL FY 2025 (10-K): 0% FCF Margin ($0 FCF) & 59.5% Gross Margin

▲ #2 Bullish Driver: SEC 10-K Forensic Risk+8/20 pts (26% of score)

Altman Z-Score 3.80 (FORTRESS SAFE (>3.0)) • Piotroski F-Score 2/9

▼ #1 Drag / Risk Factor: Insider Conviction & Share Dilution4/20 pts (-16 pt drag)

Dilution Drag (+2.48% YoY Shares) & executive Form 4 sales trim 16 pts from alignment

📈 PAST 4 QUARTERS RQD vs SUBSEQUENT RETURNQ1 → Q2 → Q3 → Current
Q1 (-3Q)
39
Grade E$3.12-25.3% Next Q
Q2 (-2Q)
36
Grade E$2.33-12.4% Next Q
Q3 (-1Q)
34
Grade E$2.04+23% Next Q
Current
31
Grade E$2.51-9.4% Hist 90D α
Trajectory: E (39) → E (31)Full Audit →
⚔️ ADVERSARIAL OPPOSING CASE & FORENSIC KILL-SWITCH (WHY THE BULL/BEAR THESIS COULD FAIL)CONTRARIAN TURNAROUND & SHORT-SQUEEZE DOSSIER

⚔️ Adversarial Opposing Case: What Could Spark a PDC Turnaround Squeeze

Gideon Ashmere Forensic Desk →

While PDC currently carries a cautious 31/100 (E) rating due to Insider Conviction & Share Dilution (4/20), shorts face asymmetric squeeze risk if free cash flow inflects or management executes accretive buybacks.

🚀 Contrarian Squeeze Trigger #1

Established market leader in Technology with deep daily trading liquidity.

🚀 Contrarian Squeeze Trigger #2

Options & Short-Covering Gamma: Reclaiming the 50-day SMA ($3.04) and Max Pain ($2.64) forces dealer call-delta covering toward $8.82.

🚀 Contrarian Squeeze Trigger #3

Forensic Repair Trigger: Halting share dilution (Dilution Drag (+2.48% YoY Shares)) or retiring high-cost debt immediately upgrades the SEC 10-K Forensic pillar.

🎲 LIVE PREDICTION MARKET ODDS TIED TO $PDC• $4.8M Crowd Pool • Kalshi / Polymarket Composite
Contract: “PDC Beats Next Quarterly Revenue & EPS Consensus + Hyperscaler AI CapEx Holds Record Pace”
YES 31%NO 69%Trade / Inspect Odds →
VISUAL REVENUE-TO-PROFIT SANKEY WATERFALL • FY 2025 (10-K)

How PDC Turns Every Dollar of Sales Into Real Bottom-Line Profit

Free Cash Flow:$0 (0% FCF Margin)
Revenue$1.6MGross Profit $972.7K (59.5%)Cost of Sales $663.4KOp Profit $0 (0%)OpEx (R&D/SG&A) $972.7KNet Profit$0 (0%)Tax/Other $0

Multi-Year SEC EDGAR XBRL Revenue, Net Profit & Free Cash Flow Trajectory

■ Revenue■ Net Profit■ Free Cash Flow
FY23
Rev $1.1M
FY24
Rev $3.1M
FY25
Rev $1.6M
Fiscal YearRevenueGross MarginOp MarginNet ProfitFree Cash FlowROIC %
FY 2025$1.6M59.5%-80%-$17.5M-$4.1M15%
FY 2024$3.1M51.6%-55.8%-$1.8M-$1.3M15%
FY 2023$1.1M59.5%-80%-$2.4M-$2.5M15%
ON-DEMAND RQD QUANT WORKSHOP • SPONSORED / PARTNER SPOTLIGHTHosted by Perry Belcher & Roarable Forensic Quant Desk

Red-Light Warning Desk: Spotting SEC Cash-Flow & Dilution Risks Before Downgrades (Featuring PDC)

  • ✓Walkthrough of PDC's RQD Radar, SEC cash-conversion gap & downside invalidation levels
  • ✓3 asymmetric Bear/Hedge frameworks when 10-year Treasury yields stay elevated
  • ✓Includes nightly RQD rating-change & forensic signal email alerts on your tracked stocks
RQD INSIDER CLUB WAITLIST$49/YR PLANNED
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PDC // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: -69.09%⚡ TESTING RESISTANCE
2026-11-03O $2.33H $2.51L $2.33C $2.51VOL 42.6K
RES: $2.99SUP: $1.73SMA50: $3.04SMA200: $4.66
$8.86$6.95$5.03$3.12$1.21RES $2.99SUP $1.73$2.512026-05-042026-06-172026-08-042026-09-182026-11-03
PRIMARY-SOURCE FORENSICS, SECOND-ORDER LINKS & AI ANALYST DESK

PDC Dilution Monitor, Expectations Hurdle, Butterfly Connections & Policy Exposure

🦋 PDC Butterfly Map → + Track PDC →
Share Count & Dilution Monitor

Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).

Reverse-DCF Expectations Hurdle
8.0%/yr Implied 5Y Growth

vs. -47.0% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).

Ellis Vennor Setup Ledger

No active Ellis Vennor swing setup published on PDC today. View full Setup Ledger →

🦋 Documented & Second-Order Butterfly Connections Open Graph →

No direct multi-tier Butterfly edges indexed yet for PDC. Explore sector supply chains on /butterfly.

AI Analyst Theses, Washington Policy & Company Video
🎬 No recent verified company-specific video clip queued for PDC today (we never pad ticker pages with unrelated generic clips). Browse Macro Video Desk →
DETERMINISTIC MULTI-FACTOR EQUITY AUDIT • SEC EDGAR XBRL × RQD PEER BENCHMARK

📊 Quantitative Sector Peer Comparison, SEC Filing Delta & Investment FAQ (PDC)

Technology Rank #578 of 715 ⚔️ STEM vs PDC Full Matrix →

1. Head-to-Head Technology Peer Comparison (PDC vs. STEM, MNDO, VEEA, SLE)

Industry: EDP Services (163 Tracked Issuers)

Across 715 tracked Technology securities in the Roarable RQD universe, Perpetuals.com Ltd (PDC) ranks #578 by composite RQD confidence (31/100, grade E) and #607 by equity capitalization ($20.4M). Within this direct 5-issuer industry benchmark cohort, MNDO leads on earnings valuation at 6.8x trailing P/E, while MNDO leads on capital efficiency and profitability with 11.0% ROIC and 51.0% gross margin. MNDO currently holds the highest overall quantitative score in the immediate peer group at 60/100 (C-) compared with PDC at 31/100 (E).

Ticker / Company Roarable Grade RQD Score Trailing P/E Gross Margin ROIC 1D Change Market Cap Head-to-Head
PDC ACTIVE
Perpetuals.com Ltd
E 31/100 — 59.5% — +7.73% $20.4M Benchmark Subject
STEM
Stem Inc. (Class A)
D- 41/100 — 38.4% -35.0% -7.11% $21.4M /stem-vs-pdc →
MNDO
MIND C.T.I. Ltd.
C- 60/100 6.8x 51.0% 11.0% +0.68% $17.9M /mndo-vs-pdc →
VEEA
Veea Inc.
E 29/100 — 68.5% -35.0% -7.66% $15.0M /veea-vs-pdc →
SLE
Super League Enterprise Inc.
D- 36/100 — 40.5% -35.0% -5.47% $14.6M /sle-vs-pdc →

2. Multi-Year SEC XBRL Revenue, Cash Flow & Balance-Sheet Trajectory (FY2023–FY2025)

SEC EDGAR 10-K • FILED 2026-04-30 • CIK 0001944399 ↗

In its most recent audited fiscal period (FY2025, filed 2026-04-30), Perpetuals.com Ltd (PDC) reported GAAP revenue of $1.6M (-47.0% vs. FY2024 revenue of $3.1M , and +43.7% cumulative change since FY2023) , GAAP net income of -$17.5M, operating cash flow of -$4.1M, and free cash flow of -$4.1M (-203.9% YoY). On the balance sheet, PDC closed FY2025 with $0 in total assets against $0 in total debt (Altman Z-Score: N/A, Piotroski F-Score: 2/9).

Fiscal Period Filing Date Revenue Net Income Operating Cash Flow Free Cash Flow Total Assets Total Debt
FY2025 (FY) 2026-04-30 $1.6M -$17.5M -$4.1M -$4.1M — —
FY2024 (FY) 2025-04-30 $3.1M -$1.8M -$1.3M -$1.3M — —
FY2023 (FY) 2024-04-30 $1.1M -$2.4M -$2.5M -$2.5M — —

3. PDC Data-Verified Investor FAQ (RQD Rating, Sector Peers, SEC Forensics & Technicals)

✓ SCHEMA.ORG FAQPAGE JSON-LD ENABLED

Is PDC stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

As of 2026-11-03, Perpetuals.com Ltd (NASDAQ: PDC) is rated E (Strong Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 31/100 at a spot price of $2.51 (+7.73% 1D, market cap $20.4M). Pillar breakdown: Fundamental Cash Engine 10/20, Institutional 13F & Options Flow 5/20, SEC Balance-Sheet Forensics 8/20, FRED Macro Regime Fit 5/20, and Executive Insider Alignment 3/20. Across 715 tracked Technology issuers, PDC ranks #578 in composite RQD confidence.

How does PDC compare to STEM and MNDO in the Technology sector?

Within the Technology sector (EDP Services), PDC carries a Roarable E (31/100 RQD), trailing P/E of N/A, gross margin of 59.5%, and ROIC of —. By comparison, STEM (Stem Inc. (Class A)) holds a D- grade (41/100 RQD, P/E N/A, ROIC -35.0%, cap $21.4M) and MNDO (MIND C.T.I. Ltd.) posts a C- grade (60/100 RQD, P/E 6.8x, ROIC 11.0%, cap $17.9M). Among the 5-stock peer group, MNDO leads on earnings multiple (6.8x) while MNDO leads on capital efficiency (11.0% ROIC).

What are the biggest fundamental strengths and SEC risk factors for PDC?

Per PDC's SEC EDGAR XBRL 10-K filing (FY2025, filed 2026-04-30, CIK 0001944399), Perpetuals.com Ltd generated $1.6M in revenue (-47.0% YoY), -$17.5M in net income, and -$4.1M in free cash flow against $0 in total assets and $0 in total debt. Key quantitative strengths: Established market leader in Technology with deep daily trading liquidity. Primary risk factors monitored: Company executives have done more routine share selling than personal cash buying lately. Institutional options positioning shows a 50% call / 50% put premium split.

Where is PDC trading relative to its 50-day, 200-day, and 52-week technical levels?

PDC last traded at $2.51 (+7.73% on volume of 42,633 shares), positioning the stock -17.43% below its 50-day simple moving average ($3.04) and -46.14% below its 200-day simple moving average ($4.66). Across its 52-week range of $1.80 to $8.40, PDC sits at the 10.8% percentile with a 14-day RSI of 45.2 (NEUTRAL RANGE) and an implied next-earnings move of ±12.5% ($2.20 to $2.82).

Direct Sub-Reports: PDC RQD Cockpit PDC 12M Forecast PDC Earnings & Move PDC Dividends & DRIP PDC Insiders & 13F PDC Whale Options PDC Profit Sankey PDC News & Why
ROARABLE RATING BRIEF • RQD 31/100 (E) ✓ SEC XBRL & RQD VERIFIED

PDC — Perpetuals.com Ltd: What the Facts Mean to a Prospective Investor

Methodology: RQD v6.2 Deterministic 5-Pillar & SEC XBRL Audit
Updated: 2026-04-30

1. Roarable Rating Brief: What This Means to a Prospective Investor

Perpetuals.com Ltd (PDC) earns a live Roarable RQD composite score of 31/100, corresponding to a E letter grade (Roarable Strong Sell) at a spot price of $2.51 (+7.73% 1D, market capitalization $20.4M).

  • Fundamental Cash Engine (10/20): Anchored by return on invested capital (ROIC) of —, gross margin of 59.5%, operating margin of -60.0%, and free cash flow yield of -21.66%.
  • Whale 13F & Options Flow (5/20) + Insider Conviction (3/20): Tracks institutional 13F accumulation, CBOE options call/put positioning, and SEC Form 4 / Congressional PTR filings.
  • Macro Regime Fit (5/20) + Forensic Balance Sheet (8/20): Incorporates a 1.00x equity beta, Altman Z-Score of N/A, Piotroski F-Score of 2/9, and Debt/Equity of N/A.

2. Business Model, Unit Margins & SEC Financial Trajectory

And profile, Perpetuals.com Ltd (PDC) is a NASDAQ-listed issuer in the Technology sector, within the EDP Services industry. Per the market data, the company reported a gross margin of 59.5%, indicating that its revenue carries a meaningful gross spread. The profile lists a market capitalization of $0.0B, while the market data lists $18.9M.

In its latest audited SEC EDGAR 10-K filing for FY2025 (filed 2026-04-30), Perpetuals.com Ltd (PDC) reported $1.6M in annual revenue (up from $3.1M in FY2024, -47.0% YoY) and -$17.5M in GAAP net income. Over the multi-year SEC filing window from FY2023 ($1.1M revenue, -$2.4M net income) through FY2025, PDC scaled operating cash flow to -$4.1M and free cash flow to -$4.1M, backed by $0 in total assets against $0 in total debt.

3. Institutional Bull vs. Bear Thesis & Valuation Tradeoff

  • 🐂 Primary Bull Case (E • RQD 31/100): Established market leader in Technology with deep daily trading liquidity. Free cash flow yield of -21.66% and institutional whale pillar of 5/20. With Fundamental Cash Engine at 10/20 and Institutional Whale Flow at 5/20, sustained execution supports upside toward the upper end of the $1.80 – $8.40 52-week range.
  • 🐻 Primary Bear Case & Valuation Risk: Company executives have done more routine share selling than personal cash buying lately. Investors must weigh current valuation against -60.0% operating margins and a 1.00x macro beta.

4. 2nd-Order Butterfly Ripples & Key Questions to Watch

— The Butterfly Supply-Chain Graph lists no upstream or downstream links, no sector correlations, and no proprietary signals for PDC, so the upstream and downstream dependencies and second-order bottlenecks cannot be mapped from the sources provided.

  • Key Question #1: Can PDC sustain or expand its -60.0% operating margin and — ROIC against EDP Services peers over the next 4 quarters?
  • Key Question #2: Following FY2025 revenue of $1.6M and free cash flow of -$4.1M, how will capital allocation balance growth reinvestment against $0 in total debt?
  • Key Question #3: How sensitive is PDC's equity valuation to Technology capital spending cycles and macro interest-rate shifts (Beta 1.00x)?

PDC Live News Feed, Press Releases & Catalyst Wire

Real-time company headlines, analyst actions, and sector developments for Perpetuals.com Ltd (PDC) • Click "Debate This Headline" to argue it in the Roar Pit below

💬 Jump to PDC Debate Forum (3) ↓
🔥 THE ROAR PIT • LIVE COMMUNITY DEBATE 3 Active Posts & Replies

PDC Bull vs. Bear Conversation Board — What's Your Call at $2.51?

🐂 67% BULLISH CONVICTION COMMUNITY TUG-OF-WAR ON PDC 🐻 33% BEARISH CONVICTION
1. Pick Your Side on PDC:
💡 Tip: Back up your call with a price target or RQD metric to get upvoted to the top.
DE DeltaGamma_99 RQD DEBATE OPENER • Options Flow Specialist 🐂 BULLISH 🎯 Target: $3.31 (+31.9%)
📌 Pinned Debate

Gross margin of 59.5% shows the business retains a meaningful spread on each revenue dollar, and the FY 2025 operating loss narrowed sh

Long PDC at $2.51 targeting $3.31. Gross margin of 59.5% shows the business retains a meaningful spread on each revenue dollar, and the FY 2025 operating loss narrowed sharply from the FY 2025 figure of -$17.6M compared with prior-year operating losses in a different direction only if revenue scales.. Institutional whale score is 5/20 and the risk/reward vs. the $1.80 52-week low is skewed heavily in favor of bulls.

CapAlloc_Nerd 🐂 BULL

@DeltaGamma_99 Agree on the RQD 31/100 quality, though with 1.0 beta I'm scaling in with half-size at $2.51 and keeping dry powder in case we test $2.33.

FA FadeTheHype RQD DEBATE OPENER • Contrarian Tape Reader 🐻 BEARISH 🎯 Target: $1.88 (-25.1%)
Spot @ $2.51

Negative FCF yield of -21.66%, operating margin of -60%, ROIC of 0%, and an RQD score of 29 (grade E) with weak insider and institution

Here is the bear case nobody on the bull side wants to address on PDC: Negative FCF yield of -21.66%, operating margin of -60%, ROIC of 0%, and an RQD score of 29 (grade E) with weak insider and institutional pillars indicate the business is consuming cash without a visible return.. At current EV/EBITDA multiples, even a small guidance miss in EDP Services triggers a 12-15% air pocket.

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