Home / Going-concern warnings / BuzzFeed, Inc.
Filed 2025-11-06 路 Form 10-Q 路 Accession 0001828972-25-000240 micro
Price before filing: $1.63 (2025-11-05 close, split/dividend-adjusted)
Market cap at flag: $60.9M (2025-11-06) 路 Latest: $54.9M (2026-10-16)
| Window | BZFD | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | -40.9% | +0.9% | -41.8% | 2025-12-08 |
| 90 days | -48.5% | +1.6% | -50.1% | 2026-02-04 |
| 180 days | -47.2% | +7.4% | -54.6% | 2026-05-05 |
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: 3 insiders sold $641K (7 sales)
30 days after: none reported.
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2025-09-03 | Acharia Angela Director | Sale | 67,985 | $1.88 | $128K | no | Form 4 |
| 2025-09-04 | Acharia Angela Director | Sale | 100 | $1.88 | $188 | no | Form 4 |
| 2025-09-05 | Acharia Angela Director | Sale | 1,285 | $1.87 | $2K | no | Form 4 |
| 2025-09-08 | Acharia Angela Director | Sale | 25,000 | $1.94 | $48K | no | Form 4 |
| 2025-09-11 | Rothstein Adam Director | Sale | 150,000 | $2.00 | $301K | no | Form 4 |
| 2025-09-12 | Acharia Angela Director | Sale | 56,378 | $2.01 | $113K | no | Form 4 |
| 2025-09-12 | Rolle Janet L Director | Sale | 23,907 | $2.00 | $48K | no | Form 4 |
| 2025-11-06: red flag filed | |||||||
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-08-08 to 2025-12-06. 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.
"Liquidity The Company previously disclosed conditions that raised substantial doubt about its ability to continue as a going concern, which was due to the holders of the Notes having the ability to require the Company to repurchase all of the Notes then-outstanding, for cash, at any time on or after May 31, 2025."
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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