Liquidation value analysis for every public company.

Built on the Graham/net-net tradition. Powered by SEC EDGAR. Calibrated by a community of serious investors.

Three pillars of the platform.

AI Insights

Every filing gets analyzed the moment it hits EDGAR. Our AI reads the balance sheet, flags what's unusual, surfaces what's hidden in footnotes, and writes a structured analysis you can act on — or argue with.

Concentration risk in receivables. Off-balance-sheet obligations buried in commitments. Inventory write-down trends. Working capital deterioration. The analysis is fast, consistent, and shows its work.

But AI is just the starting point. It's the prompt that begins the conversation.

Community quality control

Every AI insight is open to comment, debate, and challenge. Members flag where the AI is wrong, add context the AI missed, and share their own factor adjustments with reasoning.

This is the system the platform is built around: AI surfaces what's worth questioning, the community debates whether AI got it right. Over time, the consensus view on every line item, every assumption, every recovery factor becomes visible and discussable.

Per-tag comment threads. Vote on accuracy. Flag for moderation. Apply community-recommended factors with one click.

Custom discount profiles

The math of liquidation valuation isn't complicated. The judgment is in the factors. What discount applies to receivables for a company with aggressive revenue recognition? What's inventory worth for a manufacturer with custom parts versus commodity goods? What recovery do you assume on PP&E in a forced sale versus an orderly wind-down?

Build your own profiles. Save factor sets by industry, by company type, or by your own valuation methodology. Apply them with one click across any company. See what factors other serious investors are using, and why.

Members can save unlimited profiles. Share them with the community. Borrow profiles other investors have built and adjust to your own thesis.

How it works.

  1. Pick a company. 5,235 public filers, refreshed nightly from SEC EDGAR.
  2. See three liquidation values. Cash Liquidation (cash minus obligations), Liquid Liquidation (adds receivables), Operating Liquidation (adds inventory). Conservative floor values rooted in the Graham/net-net tradition.
  3. Read the AI analysis. What's unusual on this balance sheet. What deserves a second look. What the filing reveals that the summary numbers don't.
  4. Open the calculator. Adjust any recovery factor. Include or exclude any line item. See your liquidation value recompute in real time.
  5. Save what works. Build your factor profiles. Apply them across your portfolio. Iterate as you learn.

Free to use.

Every visitor gets the full balance sheet data, all three liquidation values, the AI analysis on every filing, and the public calculator on every company.

Free

Browse all companies, read AI insights, use the calculator, view community comments and ratings.

Member $29.99/month

Save unlimited discount profiles, comment on AI insights and balance sheet items, build and share community profiles, track a portfolio with notification alerts on new filings, vote on community contributions.

Find a Company

Rankings

What you won't find here.

No earnings projections. No DCF models. No analyst price targets. No growth narratives. No "adjusted" numbers.

Just what the company actually reported, what serious investors think about it, and the floor value that emerges when you apply your own discount factors to the assets that remain.