Home / Going-concern warnings / BuzzFeed, Inc.
Filed 2025-05-08 路 Form 10-Q 路 Accession 0001828972-25-000121 micro
Price before filing: $1.88 (2025-05-07 close, split/dividend-adjusted)
Market cap at flag: $69.3M (2025-05-08) 路 Latest: $54.9M (2026-10-16)
| Window | BZFD | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | +16.5% | +6.9% | +9.6% | 2025-06-09 |
| 90 days | +12.2% | +13.1% | -0.9% | 2025-08-06 |
| 180 days | -15.4% | +21.0% | -36.4% | 2025-11-04 |
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: 2 insiders sold $1.9M (16 sales)
30 days after: none reported.
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2025-03-04 | KERINS PATRICK J 10% owner | Sale | 1,438 | $2.07 | $3K | no | Form 4 |
| 2025-03-04 | NEW ENTERPRISE ASSOCIATES 13 LP (+4 joint filers) 10% owner | Sale | 1,438 | $2.07 | $3K | no | Form 4 |
| 2025-03-05 | KERINS PATRICK J 10% owner | Sale | 8,966 | $2.04 | $18K | no | Form 4 |
| 2025-03-05 | NEW ENTERPRISE ASSOCIATES 13 LP (+4 joint filers) 10% owner | Sale | 8,966 | $2.04 | $18K | no | Form 4 |
| 2025-03-06 | KERINS PATRICK J 10% owner | Sale | 11,127 | $2.10 | $23K | no | Form 4 |
| 2025-03-06 | NEW ENTERPRISE ASSOCIATES 13 LP (+4 joint filers) 10% owner | Sale | 11,127 | $2.10 | $23K | no | Form 4 |
| 2025-03-07 | KERINS PATRICK J 10% owner | Sale | 33,848 | $2.06 | $70K | no | Form 4 |
| 2025-03-07 | NEW ENTERPRISE ASSOCIATES 13 LP (+4 joint filers) 10% owner | Sale | 33,848 | $2.06 | $70K | no | Form 4 |
| 2025-03-11 | KERINS PATRICK J 10% owner | Sale | 13,629 | $1.95 | $27K | no | Form 4 |
| 2025-03-11 | NEW ENTERPRISE ASSOCIATES 13 LP (+4 joint filers) 10% owner | Sale | 13,629 | $1.95 | $27K | no | Form 4 |
| 2025-03-12 | KERINS PATRICK J 10% owner | Sale | 28,272 | $1.98 | $56K | no | Form 4 |
| 2025-03-12 | NEW ENTERPRISE ASSOCIATES 13 LP (+4 joint filers) 10% owner | Sale | 28,272 | $1.98 | $56K | no | Form 4 |
| 2025-03-13 | KERINS PATRICK J 10% owner | Sale | 61,448 | $2.01 | $124K | no | Form 4 |
| 2025-03-13 | NEW ENTERPRISE ASSOCIATES 13 LP (+4 joint filers) 10% owner | Sale | 61,448 | $2.01 | $124K | no | Form 4 |
| 2025-03-14 | KERINS PATRICK J 10% owner | Sale | 273,246 | $2.26 | $618K | no | Form 4 |
| 2025-03-14 | NEW ENTERPRISE ASSOCIATES 13 LP (+4 joint filers) 10% owner | Sale | 273,246 | $2.26 | $618K | no | Form 4 |
| 2025-05-08: red flag filed | |||||||
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-02-07 to 2025-06-07. 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 uncertainties 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 2025-03-31)
Why this score: quarterly (unaudited) disclosure
Read the original filing on SEC.gov →
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