Home / Going-concern warnings / NORTHWEST BIOTHERAPEUTICS INC
Filed 2026-04-15 路 Form 10-K 路 Accession 0001104659-26-043806 small
Price before filing: $0.201 (2026-04-14 close, split/dividend-adjusted)
Market cap at flag: $316.8M (2026-04-15) 路 Latest: $257.0M (2026-10-16)
| Window | NWBO | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | +25.6% | +6.4% | +19.2% | 2026-05-15 |
| 90 days | -14.5% | +8.5% | -23.0% | 2026-07-14 |
| 180 days | -19.4% | +12.6% | -32.0% | 2026-10-12 |
Return from the last close before the filing date to the first close on/after the window end. Pending windows have not fully elapsed. Past performance says nothing certain about the future.
"As discussed in Note 2 to the consolidated financial statements, the Company has recurring losses and negative cash flows from operations that raise substantial doubt about its ability to continue as a going concern."
Quoted from the filing. Source
The filing states that substantial doubt exists about the company's ability to continue as a going concern: it may not have enough cash to last the next 12 months. Expect dilution, debt deals or worse. An auditor's going-concern paragraph is the strongest form of this warning.
Source: independent auditor report in Form 10-K (period 2025-12-31)
Why this score: in auditor's report
Read the original filing on SEC.gov →
Not investment advice. Automated summary; verify against the filing.
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