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Champions Oncology: Old boat (three warning signs)Old boat

Champions Oncology $CSBR

Grew revenue 4.4% in FY2026 to $59 million, operating margin -1.9% against a -15.8% median for biological products, (no diagnostic substances), equity 14.6% of assets.

Last filing8-K · Item 5.07 Submission of Matters to a Vote of Security Holders, 16 Oct 2026

Next year, 80%$44M–$81M
Growth, on the year4.4%
Operating margin−1.9%
Equity of assets14.6%
Credibility63%
Track record5 of 5
Edgarette’s full reading · exposure, experience, soundness, credibility, range

🫧 Edgar looked up CHAMPIONS ONCOLOGY, INC. ($CSBR). Last filing: 8-K (5.07 Submission of Matters to a Vote of Security Holders), 2026-10-16. 6 event filings (8-K) in the past twelve months.

🔖 Exposure: revenue $59.4M (FY2026). Experience: revenue up 4.4% on the year, up 4.9% a year over 4 years; operating margin -1.9%, down from 8.0%. Soundness: equity 14.6% of assets, return on equity -29.8%. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $43.9M and $81.4M next year (method v4.1: its own 6-year record of growth weighed at 63% against $50M–100M 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 $45.0M to $79.7M. A statistical range, not company guidance. Against peers (31 filers, $50M+ revenue, biological products, (no diagnostic substances)): operating margin -1.9% against a -15.8% median; growth 4.4% against 21.4%.

Read from its own SEC filings · nothing written, nothing inferred

CHAMPIONS ONCOLOGY, INC. against its own record and its peers
Operating marginPeer median -15.8%-1.9%Revenue, on the yearPeer median 21.4%4.4%Equity of assetsPeer median 58.6%14.6%Return on equityPeer median -6.5%-29.8%Gold tick: the median of 25–31 peers with $50M+ revenue in biological products, (no diagnostic substances)

Speed and cash · fiscal 2025

Cash Compass🌊 In between · no clear cash pattern yet
Inside viewTurns -7.5% of revenue into operating cash; revenue growing 3.3% a year over three years; no common dividend.
Outside viewAmong $50M-100M companies: 38th percentile for cash, 43rd for growth. cash growth

Both views must agree for a label · a description, not advice.

Cash flow (op · inv · fin · free)−$4M · −$1M · $0M · −$5M
Investment book (cash · short · long)$5M · — · — · current ratio 0.96
Revenue swing · equity of assets11.0% · 15.1%

Champions Oncology is growing slower than its size class, with steadier revenue. Its own audited SEC figures.

The figures, as filed

Fiscal year end2026-04-30
Revenue$59M
Revenue, on the year4.4%
Revenue, a year over the record4.9%
Operating margin−1.9%
Operating margin, prior year8.0%
Net margin−2.0%
Research and development$9M · 15.3% of revenue
Total debt—
Equity of assets14.6%
Return on equity−29.8%
Payout of profit—
Dividend per share—
Earnings per share$-0.08
Book value per share$0.28
Revenue per share$4.30
Shares outstanding13,832,385
Audited years read5

Peers: the median of 31 filers with $50M+ revenue in biological products, (no diagnostic substances).

Classic signals · fiscal 2026Altman Z″ -10.07 distress zone 1968Piotroski F 4 of 9 middling 2000Beneish M not enough filed detail (needs receivables, cost of revenue, PP&E, depreciation, SG&A for two years)Sloan accruals 11.1% earnings ahead of cash 1996DuPont ROE -30.5% = margin -2% × turns 2 × leverage 7.69

What a terminal subscription used to buy, a filing and arithmetic now give anyone. Published method, from the same filings. Display only: nothing here moves the range or its receipt. Why? →

Health HarborChampions Oncology sails as: Old boat

Health watch · 12 monthsDirector or officer change

Sailing speed follows growth: 3.3% a year crosses the harbor in 70 seconds.

🌊 Visit the Bay →
  • operating cash flow was negative
  • operating loss: a margin of -1.9% in FY2026
  • revenue is hard to predict: its 80% range is ±30%

Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an operating loss; negative free cash flow outside regulated utilities; an 80% revenue range of ±25% or wider. A picture of the signs, not a rating and not investment advice.

Brand success factors · calendar 2025

The Trillion Score: 454

Exponential Success Score

Built on over $200 trillion of sworn revenue, 13 years of data, 770,002 figures. Sealed by Edgarette.

How The Trillion Score works. We read eight measures of success from Champions Oncology's own SEC filings and test each one against the public companies in its field, here pharmaceutical preparations. The longer and fuller the record, the more weight those results carry. A model built on past filings then turns them into the odds of thriving, which means outgrowing the field for three years without a severe decline. A score of 500 is about average, and every 100 points doubles the odds. Every company is ranked on this same scale.

What it says here. At 454, Champions Oncology's odds of thriving come to 29%, against about 37% for the typical filer. It meets 2 of 8 success points.

454The Trillion Score
29%modeled odds of thriving over three years
HighFall Risk
#134 of 182rank in its field
#2,071 of 2,824rank across all filers

What the score means

The higher the score, the more often companies went on to thrive. At this level, about 35 of every 100 did.

31%Under 45035%450 to 499This company: 45438%500 to 54944%550 to 59957%600 and up

Share of companies that beat their field for three years with no severe decline, tested on 2019 to 2022 filings.

Fall Risk: High

Separate from the score, this asks what could go wrong: the odds of sales falling 30% or the filings stopping within three years. In the tests, about 41 of every 100 companies in the High band did. That is the group's history, not a forecast for this company.

MoneyIt burned about 9 cents of free cash on each sales dollar after paying for its plants and equipment. Its cash would cover that burn for about 1.4 years.cash negative over five years
SwingsIn its worst fifth of years, sales fell about 7% a year.-7.1% a year
Filed eventsNo such 8-K events in the last two years.0

The eight success points

PointWhat it meansPlace in field
SpeedSales grew slower than much of its field.39 of 100Not yet
SteadinessGrowth was strong for how much it swung, so it looks dependable.74 of 100Met
Price premiumIt keeps less of each sales dollar than the leaders in its field.24 of 100Not yet
Margin stays above the fieldIts margin has not held above the field for long.2 of 100Not yet
Moat half-lifeIts margin edge is fading fast, or it has none yet.3 of 100Not yet
Brand spend yieldBrand spending returns more gross profit than for most of its field.71 of 100Met
Learning curveCosts have not fallen much as a share of sales as it grew.49 of 100Not yet
Climb in the fieldIt has not been moving up the size ranks in its field.50 of 100Not yet

The actuarial view

CredibilityWith 8 years of filings, the record earns 70% of the weight. The rest stays at the middle of the field.0.70
Severe decline, class CAbout 30 of every 100 companies with this many points fell 30% or stopped reporting within three years.30.1%
Actual vs expectedSales are 13% lower than if it had simply kept pace with its field.0.87

Top of its field: #1 Mannkind · #2 Biocryst Pharmaceuticals · #3 Corcept Therapeutics · #4 Kiniksa Pharmaceuticals International · #5 Eli Lilly

Ranked by The Trillion Score. See the method and score your own brand. Tested on 2019 to 2022 filings. Odds, class and Fall Risk figures are the experience of similar filers, not a forecast for this company. A statistical description of past filings, not a rating or advice.

Recent filings

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. Reporting, not investment advice. No price targets and no trading recommendations. Figures from the SEC’s own data · every filing · this page as JSON · ask about another company

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