{
 "ok": true,
 "cik": "911147",
 "ticker": "CNTY",
 "name": "CENTURY CASINOS, INC.",
 "filings": [
  {
   "form": "8-K",
   "filed": "2026-09-29",
   "items": [
    "1.01 Entry into a Material Definitive Agreement",
    "7.01 Regulation FD Disclosure",
    "9.01 Financial Statements and Exhibits"
   ],
   "url": "https://www.sec.gov/Archives/edgar/data/911147/000091114726000047/0000911147-26-000047-index.htm"
  },
  {
   "form": "8-K",
   "filed": "2026-08-07",
   "items": [
    "2.02 Results of Operations and Financial Condition",
    "7.01 Regulation FD Disclosure",
    "9.01 Financial Statements and Exhibits"
   ],
   "url": "https://www.sec.gov/Archives/edgar/data/911147/000091114726000042/0000911147-26-000042-index.htm"
  },
  {
   "form": "10-Q",
   "filed": "2026-08-07",
   "items": [],
   "url": "https://www.sec.gov/Archives/edgar/data/911147/000091114726000039/0000911147-26-000039-index.htm"
  },
  {
   "form": "8-K",
   "filed": "2026-06-23",
   "items": [
    "5.07 Submission of Matters to a Vote of Security Holders",
    "9.01 Financial Statements and Exhibits"
   ],
   "url": "https://www.sec.gov/Archives/edgar/data/911147/000091114726000035/0000911147-26-000035-index.htm"
  },
  {
   "form": "8-K",
   "filed": "2026-05-28",
   "items": [
    "4.01 Changes in Registrant's Certifying Accountant",
    "9.01 Financial Statements and Exhibits"
   ],
   "url": "https://www.sec.gov/Archives/edgar/data/911147/000091114726000031/0000911147-26-000031-index.htm"
  },
  {
   "form": "8-K",
   "filed": "2026-05-13",
   "items": [
    "5.02 Departure or Election of Directors; Appointment of Officers",
    "7.01 Regulation FD Disclosure",
    "9.01 Financial Statements and Exhibits"
   ],
   "url": "https://www.sec.gov/Archives/edgar/data/911147/000091114726000027/0000911147-26-000027-index.htm"
  }
 ],
 "events12m": 11,
 "healthWatch": {
  "window": "last 12 months",
  "since": "2025-09-30",
  "signals": [
   {
    "code": "4.02",
    "label": "Earlier statements no longer to be relied on",
    "count": 1,
    "latest": {
     "filed": "2025-11-10",
     "url": "https://www.sec.gov/Archives/edgar/data/911147/000091114725000044/0000911147-25-000044-index.htm"
    }
   },
   {
    "code": "NT 10-Q",
    "label": "Late quarterly report notice",
    "count": 1,
    "latest": {
     "filed": "2025-11-10",
     "url": "https://www.sec.gov/Archives/edgar/data/911147/000091114725000046/0000911147-25-000046-index.htm"
    }
   },
   {
    "code": "4.01",
    "label": "Auditor change",
    "count": 1,
    "latest": {
     "filed": "2026-05-28",
     "url": "https://www.sec.gov/Archives/edgar/data/911147/000091114726000031/0000911147-26-000031-index.htm"
    }
   },
   {
    "code": "5.02",
    "label": "Director or officer change",
    "count": 2,
    "latest": {
     "filed": "2026-05-13",
     "url": "https://www.sec.gov/Archives/edgar/data/911147/000091114726000027/0000911147-26-000027-index.htm"
    }
   }
  ],
  "note": "Events the company itself filed with the SEC, most serious first. Shown beside the figures; they do not change the range or its receipt."
 },
 "sources": {
  "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0000911147.json",
  "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=911147"
 },
 "license": "Figures as filed with the SEC. Card text CC BY 4.0, POPS4.",
 "notAdvice": "Reporting, not investment advice. No price targets and no trading recommendations.",
 "edgar": "🫧 Edgar looked up CENTURY CASINOS, INC. ($CNTY). Last filing: 8-K (1.01 Entry into a Material Definitive Agreement), 2026-09-29. 11 event filings (8-K) in the past twelve months. Auditor change (8-K Item 4.01) filed 2026-05-28. Non-reliance (8-K Item 4.02) filed 2025-11-10.",
 "auditor": {
  "changes": [
   {
    "filed": "2026-05-28",
    "url": "https://www.sec.gov/Archives/edgar/data/911147/000091114726000031/0000911147-26-000031-index.htm"
   }
  ],
  "nonReliance": [
   {
    "filed": "2025-11-10",
    "url": "https://www.sec.gov/Archives/edgar/data/911147/000091114725000044/0000911147-25-000044-index.htm"
   }
  ],
  "restatedSince": true
 },
 "metrics": {
  "fiscalYearEnd": "2025-12-31",
  "revenue": 572975000,
  "revenueGrowth1y": -0.005111829962199499,
  "revenueGrowthPerYear": 0.1020073363466194,
  "yearsOfData": 5,
  "operatingMargin": 0.08949605131113923,
  "operatingMarginPrior": -0.038472424073524226,
  "netMargin": -0.10718792268423578,
  "operatingCashFlow": 6688000,
  "capitalSpending": 21951000,
  "freeCashFlow": -15263000,
  "researchAndDevelopment": null,
  "researchShareOfRevenue": null,
  "cash": 68921000,
  "longTermDebt": 328931000,
  "longTermDebtChange": 0.0023616816392204587,
  "revenueHistory": [
   {
    "fiscalYearEnd": "2021-12-31",
    "revenue": 388506000
   },
   {
    "fiscalYearEnd": "2022-12-31",
    "revenue": 430529000
   },
   {
    "fiscalYearEnd": "2023-12-31",
    "revenue": 550206000
   },
   {
    "fiscalYearEnd": "2024-12-31",
    "revenue": 575919000
   },
   {
    "fiscalYearEnd": "2025-12-31",
    "revenue": 572975000
   }
  ],
  "totalEquity": -97697000,
  "totalAssets": 1147271000,
  "equityRatio": -0.08515599191472634,
  "returnOnEquity": null,
  "dividendsPaid": null,
  "payoutRatio": null,
  "dividendPerShare": null,
  "dividendYearsRising": null,
  "dividendCut": null,
  "priceBased": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown.",
  "earningsPerShare": -2.04,
  "sharesOutstanding": 30119000,
  "bookValuePerShare": -3.24369999003951,
  "revenuePerShare": 19.023705966333544,
  "range80": {
   "low": 495279143.14076006,
   "high": 699259754.4793751,
   "baseline": 600148440.5420097,
   "n": 4309,
   "band": "b01",
   "bandLabel": "$100M–1B",
   "method": "v4.1",
   "credibility": 0.5,
   "growthYears": 4,
   "ownVolatility": 0.10813988994348234,
   "classVolatility": 0.1022985825903761,
   "volatility": 0.10525976391050018
  },
  "ifPaceHeld": {
   "low": 495279143.14076006,
   "high": 699259754.4793751
  }
 },
 "edgarette": "🔖 Exposure: revenue $573.0M (FY2025), total debt $328.9M. Experience: revenue down 0.5% on the year, up 10.2% a year over 4 years; operating margin 8.9%, up from -3.8%. Soundness: equity -8.5% of assets (liabilities exceed assets). Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $495.3M and $699.3M next year (method v4.1: its own 4-year record of growth weighed at 50% against $100M–1B filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $453.9M to $765.7M. A statistical range, not company guidance. Against peers (19 filers, $50M+ revenue, hotels & motels): operating margin 8.9% against a 15.8% median; growth -0.5% against 3.8%.",
 "peers": {
  "sic": 7011,
  "sicDescription": "Hotels & Motels",
  "calendarYear": 2025,
  "minRevenue": 50000000,
  "depth": 4,
  "group": "7011",
  "growth": [
   0.0377,
   22
  ],
  "opMargin": [
   0.1581,
   19
  ],
  "equityRatio": [
   0.0997,
   22
  ],
  "returnOnEquity": [
   0.1472,
   16
  ],
  "payoutRatio": [
   0.276,
   13
  ]
 },
 "summary": "Century Casinos (CNTY) saw revenue fall 0.5% in FY2025 to $573 million, operating margin 8.9% against a 15.8% median for hotels & motels, equity -8.5% of assets. Every figure is from the company’s own annual report filed with the SEC.",
 "chart": "<figure class=\"cmp\"><figcaption>CENTURY CASINOS, INC. against its own record and its peers</figcaption><svg viewBox=\"0 0 560 112\" width=\"100%\" role=\"img\" aria-label=\"Comparison chart\"><rect x=\"0\" y=\"0\" width=\"560\" height=\"112\" fill=\"none\"/><text x=\"0\" y=\"34\" font-size=\"11\" fill=\"#6f6450\">Operating margin</text><rect x=\"148\" y=\"25\" width=\"338\" height=\"10\" rx=\"5\" fill=\"#efe7d6\"/><line x1=\"260.66666666666663\" y1=\"21\" x2=\"260.66666666666663\" y2=\"39\" stroke=\"#cfc5ae\" stroke-width=\"1\"/><line x1=\"349.7296666666666\" y1=\"20\" x2=\"349.7296666666666\" y2=\"40\" stroke=\"#c9a84c\" stroke-width=\"2.5\"/><title>Peer median 15.8%</title><circle cx=\"311.08277557194174\" cy=\"30\" r=\"6\" fill=\"#0a2240\" stroke=\"#fff\" stroke-width=\"1.5\"/><text x=\"494\" y=\"34\" font-size=\"11\" font-weight=\"700\" fill=\"#0a2240\">8.9%</text><text x=\"0\" y=\"60\" font-size=\"11\" fill=\"#6f6450\">Revenue, on the year</text><rect x=\"148\" y=\"51\" width=\"338\" height=\"10\" rx=\"5\" fill=\"#efe7d6\"/><line x1=\"292.8571428571429\" y1=\"47\" x2=\"292.8571428571429\" y2=\"65\" stroke=\"#cfc5ae\" stroke-width=\"1\"/><line x1=\"311.0608571428572\" y1=\"46\" x2=\"311.0608571428572\" y2=\"66\" stroke=\"#c9a84c\" stroke-width=\"2.5\"/><title>Peer median 3.8%</title><circle cx=\"290.3888592468237\" cy=\"56\" r=\"6\" fill=\"#0a2240\" stroke=\"#fff\" stroke-width=\"1.5\"/><text x=\"494\" y=\"60\" font-size=\"11\" font-weight=\"700\" fill=\"#0a2240\">-0.5%</text><text x=\"0\" y=\"86\" font-size=\"11\" fill=\"#6f6450\">Equity of assets</text><rect x=\"148\" y=\"77\" width=\"338\" height=\"10\" rx=\"5\" fill=\"#efe7d6\"/><line x1=\"181.6986\" y1=\"72\" x2=\"181.6986\" y2=\"92\" stroke=\"#c9a84c\" stroke-width=\"2.5\"/><title>Peer median 10.0%</title><circle cx=\"148\" cy=\"82\" r=\"6\" fill=\"#0a2240\" stroke=\"#fff\" stroke-width=\"1.5\"/><text x=\"494\" y=\"86\" font-size=\"11\" font-weight=\"700\" fill=\"#0a2240\">-8.5%</text><text x=\"0\" y=\"110\" font-size=\"10\" fill=\"#8b8375\">Gold tick: the median of 22–22 peers with $50M+ revenue in hotels &amp; motels</text></svg></figure>",
 "chartHorizon": null,
 "backtest": {
  "tests": 12,
  "hits": 10,
  "rate": 0.8333333333333334,
  "method": "v4",
  "byYear": {
   "2014": [
    1,
    1
   ],
   "2015": [
    1,
    1
   ],
   "2016": [
    1,
    1
   ],
   "2017": [
    1,
    1
   ],
   "2018": [
    1,
    1
   ],
   "2019": [
    0,
    1
   ],
   "2020": [
    0,
    1
   ],
   "2021": [
    1,
    1
   ],
   "2022": [
    1,
    1
   ],
   "2023": [
    1,
    1
   ],
   "2024": [
    1,
    1
   ],
   "2025": [
    1,
    1
   ]
  },
  "note": "hindsight: the same credibility-weighted range on the company's own past years. Years 2018-2023 were used to fit or tune the method, so only 2025 outcomes are fully out of sample."
 },
 "registry": {
  "logged": "2026-09-30T14:31:00.663Z",
  "hash": "f6d7c0e54c4f8666",
  "status": "open"
 },
 "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.",
 "schema": "pops4.edgarette.card/1",
 "card": {
  "summary": "Century Casinos (CNTY) saw revenue fall 0.5% in FY2025 to $573 million, operating margin 8.9% against a 15.8% median for hotels & motels, equity -8.5% of assets. Every figure is from the company’s own annual report filed with the SEC.",
  "exposure": {
   "fiscalYearEnd": "2025-12-31",
   "revenue": 572975000,
   "totalDebt": 328931000,
   "cash": 68921000
  },
  "experience": {
   "revenueGrowth1y": -0.005111829962199499,
   "revenueGrowthPerYear": 0.1020073363466194,
   "operatingMargin": 0.08949605131113923,
   "operatingMarginPrior": -0.038472424073524226,
   "netMargin": -0.10718792268423578,
   "freeCashFlow": -15263000
  },
  "soundness": {
   "equityRatio": -0.08515599191472634,
   "returnOnEquity": null,
   "payoutRatio": null,
   "dividendPerShare": null,
   "dividendYearsRising": null,
   "dividendCut": null,
   "note": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown."
  },
  "peers": {
   "sic": 7011,
   "sicDescription": "Hotels & Motels",
   "calendarYear": 2025,
   "minRevenue": 50000000,
   "depth": 4,
   "group": "7011",
   "growth": [
    0.0377,
    22
   ],
   "opMargin": [
    0.1581,
    19
   ],
   "equityRatio": [
    0.0997,
    22
   ],
   "returnOnEquity": [
    0.1472,
    16
   ],
   "payoutRatio": [
    0.276,
    13
   ]
  },
  "credibility": {
   "auditedYears": 5,
   "weight": "reasonable",
   "standard": "ASOP No. 25",
   "nonReliance": {
    "filed": "2025-11-10",
    "url": "https://www.sec.gov/Archives/edgar/data/911147/000091114725000044/0000911147-25-000044-index.htm",
    "restatedSince": true,
    "markedDown": false
   },
   "auditorChange": {
    "filed": "2026-05-28",
    "url": "https://www.sec.gov/Archives/edgar/data/911147/000091114726000031/0000911147-26-000031-index.htm"
   }
  },
  "healthWatch": {
   "window": "last 12 months",
   "since": "2025-09-30",
   "signals": [
    {
     "code": "4.02",
     "label": "Earlier statements no longer to be relied on",
     "count": 1,
     "latest": {
      "filed": "2025-11-10",
      "url": "https://www.sec.gov/Archives/edgar/data/911147/000091114725000044/0000911147-25-000044-index.htm"
     }
    },
    {
     "code": "NT 10-Q",
     "label": "Late quarterly report notice",
     "count": 1,
     "latest": {
      "filed": "2025-11-10",
      "url": "https://www.sec.gov/Archives/edgar/data/911147/000091114725000046/0000911147-25-000046-index.htm"
     }
    },
    {
     "code": "4.01",
     "label": "Auditor change",
     "count": 1,
     "latest": {
      "filed": "2026-05-28",
      "url": "https://www.sec.gov/Archives/edgar/data/911147/000091114726000031/0000911147-26-000031-index.htm"
     }
    },
    {
     "code": "5.02",
     "label": "Director or officer change",
     "count": 2,
     "latest": {
      "filed": "2026-05-13",
      "url": "https://www.sec.gov/Archives/edgar/data/911147/000091114726000027/0000911147-26-000027-index.htm"
     }
    }
   ],
   "note": "Events the company itself filed with the SEC, most serious first. Shown beside the figures; they do not change the range or its receipt."
  },
  "range": {
   "low": 495279143.14076006,
   "high": 699259754.4793751,
   "baseline": 600148440.5420097,
   "coverage": 0.8,
   "method": "v4.1",
   "basis": "next fiscal year revenue: baseline = revenue x (1 + mean of one-year and three-year pace); width = the company's own volatility of yearly growth, credibility-weighted against its size class (Buhlmann), scaled to the 80% target on 2023 and tested on 2024",
   "calibratedOn": {
    "companyYears": 4309,
    "sizeBand": "$100M–1B",
    "fitYears": [
     2018,
     2022
    ],
    "tuneYear": 2023,
    "testYear": 2024,
    "coverageOnTestYear": 0.8341,
    "coverageAllYears": 0.6904374799277399,
    "stressCoverageAllYears": 0.819004992974709,
    "outcomeYears": [
     2019,
     2025
    ]
   },
   "credibility": {
    "weightOnOwnRecord": 0.5,
    "growthYears": 4,
    "ownVolatility": 0.10813988994348234,
    "classVolatility": 0.1022985825903761,
    "pricedVolatility": 0.10525976391050018,
    "k": 3
   },
   "stress": {
    "low": 453895538.16762793,
    "high": 765692860.4822524,
    "basis": "the same range with widths set to hold 80% across 2018-2023, pandemic years included"
   },
   "kind": "a statistical range, not company guidance; no view on the share price",
   "track": {
    "backtest": {
     "tests": 12,
     "hits": 10,
     "rate": 0.8333333333333334,
     "method": "v4",
     "byYear": {
      "2014": [
       1,
       1
      ],
      "2015": [
       1,
       1
      ],
      "2016": [
       1,
       1
      ],
      "2017": [
       1,
       1
      ],
      "2018": [
       1,
       1
      ],
      "2019": [
       0,
       1
      ],
      "2020": [
       0,
       1
      ],
      "2021": [
       1,
       1
      ],
      "2022": [
       1,
       1
      ],
      "2023": [
       1,
       1
      ],
      "2024": [
       1,
       1
      ],
      "2025": [
       1,
       1
      ]
     },
     "note": "hindsight: the same credibility-weighted range on the company's own past years. Years 2018-2023 were used to fit or tune the method, so only 2025 outcomes are fully out of sample."
    },
    "registry": {
     "logged": "2026-09-30T14:31:00.663Z",
     "hash": "f6d7c0e54c4f8666",
     "status": "open"
    },
    "scorecard": "https://www.pops4.com/boards/scorecard"
   }
  },
  "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.",
  "sources": {
   "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0000911147.json",
   "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=911147"
  },
  "speedCash": {
   "fiscalYear": 2025,
   "cashConversion": 0.0117,
   "growth3y": 0.1,
   "volatility": 0.1081,
   "paysDividend": false,
   "raisedDividend": false,
   "equityRatio": -0.0852,
   "quadrant": {
    "code": "fs",
    "label": "Fast and steady",
    "plain": "growing faster than its size class, with steadier revenue"
   },
   "compass": {
    "code": "notyet",
    "inside": "Turns 1.2% of revenue into operating cash; revenue growing 10.0% a year over three years; no common dividend; liabilities exceed assets.",
    "outside": "Among $100M-1B companies: 28th percentile for cash, 60th for growth.",
    "emoji": "⚡",
    "label": "Fast, cash not yet",
    "plain": "growing fast, but little cash arriving so far"
   },
   "band": "$100M-1B",
   "cashPctInClass": 28,
   "growthPctInClass": 60,
   "source": "SEC XBRL frames, the company’s own audited figures; quadrant split at the median of its size class"
  },
  "harbor": {
   "signs": [
    {
     "key": "warning",
     "text": "filed earlier statements no longer to be relied on, late quarterly report notice, auditor change in the last 12 months"
    },
    {
     "key": "balance",
     "text": "liabilities exceed assets (often from years of share buybacks, not always distress)"
    }
   ],
   "rule": "Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an 80% revenue range of ±25% or wider.",
   "level": 2,
   "name": "Weathered boat",
   "plain": "two warning signs"
  },
  "cashFlow": {
   "fiscalYearEnd": "2025-12-31",
   "operating": 6688000,
   "investing": -22256000,
   "financing": -15371000,
   "capitalSpending": 21951000,
   "free": -15263000,
   "trend": [
    {
     "fiscalYearEnd": "2021-12-31",
     "operating": 59190000,
     "free": 49178000
    },
    {
     "fiscalYearEnd": "2022-12-31",
     "operating": 37397000,
     "free": 18204000
    },
    {
     "fiscalYearEnd": "2023-12-31",
     "operating": 24055000,
     "free": -35566000
    },
    {
     "fiscalYearEnd": "2024-12-31",
     "operating": -3299000,
     "free": -62534000
    },
    {
     "fiscalYearEnd": "2025-12-31",
     "operating": 6688000,
     "free": -15263000
    }
   ],
   "note": "Annual, as filed in 10-K cash flow statements; negative investing/financing = cash going out (capital spending, buybacks, dividends, debt repaid)."
  },
  "investments": {
   "fiscalYearEnd": "2025-12-31",
   "cash": 68921000,
   "shortTerm": null,
   "longTerm": null,
   "equityHoldings": null,
   "totalAssets": 1147271000,
   "ladder": null,
   "currentRatio": 1.3,
   "unrealizedGain": null,
   "unrealizedLoss": null,
   "note": "Balance-sheet cash and investment securities at fiscal year end, as filed; short-term = due or saleable within a year. Insurers and banks hold most of their book here."
  }
 },
 "definitions": {
  "operatingMargin": "Operating income divided by revenue.",
  "netMargin": "Net income divided by revenue.",
  "freeCashFlow": "Cash from operations minus spending on property and equipment.",
  "researchShareOfRevenue": "Research and development expense for the year as a share of revenue, both as filed.",
  "equityRatio": "Shareholders equity as a share of total assets, both as filed. Higher means less of the company is owed to someone else.",
  "returnOnEquity": "Net income for the year against shareholders equity at year end.",
  "payoutRatio": "Dividends paid as a share of net income, in the year the cash went out.",
  "dividendYearsRising": "Consecutive years, counted back from the last on record, in which dividend per share rose. A fall ends the run and is reported as dividendCut.",
  "revenueGrowthPerYear": "Compound annual growth between the first and latest fiscal years shown.",
  "credibility": "How much weight a record deserves, in the actuarial sense (ASOP No. 25): more audited years, more weight.",
  "peers": "Medians of SEC filers with $50M+ revenue in the same industry code (SIC), narrowest group with at least 8 filers, calendar-year figures from SEC XBRL frames.",
  "backtest": "The same range method applied to the company's own past years, scored against what it actually reported next. Hindsight, and labelled so.",
  "healthWatch": "Distress-type events the company filed in the last 12 months (late-filing notices; 8-K items 1.03, 3.01, 2.04, 4.02, 4.01, 2.05, 2.06, 1.05, 5.02), each with its count and newest filing. Display only: they do not change the range or its receipt."
 },
 "speedCash": {
  "fiscalYear": 2025,
  "cashConversion": 0.0117,
  "growth3y": 0.1,
  "volatility": 0.1081,
  "paysDividend": false,
  "raisedDividend": false,
  "equityRatio": -0.0852,
  "quadrant": {
   "code": "fs",
   "label": "Fast and steady",
   "plain": "growing faster than its size class, with steadier revenue"
  },
  "compass": {
   "code": "notyet",
   "inside": "Turns 1.2% of revenue into operating cash; revenue growing 10.0% a year over three years; no common dividend; liabilities exceed assets.",
   "outside": "Among $100M-1B companies: 28th percentile for cash, 60th for growth.",
   "emoji": "⚡",
   "label": "Fast, cash not yet",
   "plain": "growing fast, but little cash arriving so far"
  },
  "band": "$100M-1B",
  "cashPctInClass": 28,
  "growthPctInClass": 60,
  "source": "SEC XBRL frames, the company’s own audited figures; quadrant split at the median of its size class"
 },
 "harbor": {
  "signs": [
   {
    "key": "warning",
    "text": "filed earlier statements no longer to be relied on, late quarterly report notice, auditor change in the last 12 months"
   },
   {
    "key": "balance",
    "text": "liabilities exceed assets (often from years of share buybacks, not always distress)"
   }
  ],
  "rule": "Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an 80% revenue range of ±25% or wider.",
  "level": 2,
  "name": "Weathered boat",
  "plain": "two warning signs"
 },
 "cashFlow": {
  "fiscalYearEnd": "2025-12-31",
  "operating": 6688000,
  "investing": -22256000,
  "financing": -15371000,
  "capitalSpending": 21951000,
  "free": -15263000,
  "trend": [
   {
    "fiscalYearEnd": "2021-12-31",
    "operating": 59190000,
    "free": 49178000
   },
   {
    "fiscalYearEnd": "2022-12-31",
    "operating": 37397000,
    "free": 18204000
   },
   {
    "fiscalYearEnd": "2023-12-31",
    "operating": 24055000,
    "free": -35566000
   },
   {
    "fiscalYearEnd": "2024-12-31",
    "operating": -3299000,
    "free": -62534000
   },
   {
    "fiscalYearEnd": "2025-12-31",
    "operating": 6688000,
    "free": -15263000
   }
  ],
  "note": "Annual, as filed in 10-K cash flow statements; negative investing/financing = cash going out (capital spending, buybacks, dividends, debt repaid)."
 },
 "investments": {
  "fiscalYearEnd": "2025-12-31",
  "cash": 68921000,
  "shortTerm": null,
  "longTerm": null,
  "equityHoldings": null,
  "totalAssets": 1147271000,
  "ladder": null,
  "currentRatio": 1.3,
  "unrealizedGain": null,
  "unrealizedLoss": null,
  "note": "Balance-sheet cash and investment securities at fiscal year end, as filed; short-term = due or saleable within a year. Insurers and banks hold most of their book here."
 }
}