Home / Going-concern warnings / Seres Therapeutics, Inc.
Filed 2025-11-05 路 Form 10-Q 路 Accession 0001193125-25-266011 micro
Price before filing: $13.75 (2025-11-04 close, split/dividend-adjusted)
Market cap at flag: $112.5M (2025-11-05) 路 Latest: $23.7M (2026-10-16)
| Window | MCRB | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | +21.2% | +1.5% | +19.6% | 2025-12-05 |
| 90 days | +12.0% | +2.4% | +9.6% | 2026-02-03 |
| 180 days | -44.1% | +6.9% | -51.0% | 2026-05-04 |
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.
90 days before the flag: 4 insiders sold $7K (4 sales)
30 days after: 4 insiders sold $45K (4 sales)
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2025-08-18 | DesRosier Thomas See Remarks | Sale | 76 | $16.65 | $1K | yes | Form 4 |
| 2025-08-18 | Henn Matthew R See Remarks | Sale | 73 | $16.65 | $1K | yes | Form 4 |
| 2025-08-18 | Shaff Eric D. Director | Sale | 217 | $16.65 | $4K | yes | Form 4 |
| 2025-08-18 | Young Teresa L. See Remarks | Sale | 59 | $16.65 | $982 | yes | Form 4 |
| 2025-11-05: red flag filed | |||||||
| 2025-11-15 | DesRosier Thomas See Remarks | Sale | 76 | $17.30 | $1K | yes | Form 4 |
| 2025-11-15 | Henn Matthew R See Remarks | Sale | 1,257 | $17.30 | $22K | yes | Form 4 |
| 2025-11-15 | Shaff Eric D. Director | Sale | 217 | $17.30 | $4K | yes | Form 4 |
| 2025-11-15 | Young Teresa L. See Remarks | Sale | 1,042 | $17.30 | $18K | yes | Form 4 |
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-08-07 to 2025-12-05. Excludes option exercises, grants, gifts and tax withholding. Amended filings replace the originals; joint filings count once. Foreign private issuers do not file Form 4. Many insider sales are pre-scheduled (10b5-1 plans) and are not by themselves a sign of wrongdoing.
"These conditions raise substantial doubt about the Company's 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: management disclosure in Form 10-Q (period 2025-09-30)
Why this score: quarterly (unaudited) disclosure
Read the original filing on SEC.gov →
Not investment advice. Automated summary; verify against the filing.
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