Legal and regulatory exposurenegative · 3 filings
“The $0.7 million decrease was primarily due to a $1.1 million decrease in legal fees related to a resolved litigation, and a $0.1 million decrease in insurance expense.”10-Q · May 15, 2026 ↗
DarkHorse Technologies Inc
ANY
Market read
DarkHorse Technologies Inc's current read is isolated; its market group is not confirming.
No new filing conclusion is available. 0 of 11 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 2 directly disclosed connections are confirming.
Company+0.0% todayVolume comparison unavailable
Market group0 of 11 activeRegulated Electric Utilities · unavailable
Disclosed network0 of 2 confirmingNo filing-linked name is confirming now
What would change this read
Watch this read- ANY's market-adjusted activity becomes unusual and at least one connected name confirms.
Invalidation: The isolated read changes if ANY's group or a disclosed connection begins moving with it.
Research brief
The story so far
No new filing conclusion is available. 0 of 11 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 2 directly disclosed connections are confirming.
Evidence that supports
No thresholded supportive filing evidence is available yet.
Evidence that challenges
No thresholded adverse filing evidence is available yet.
What would clarify the read
- ANY's market-adjusted activity becomes unusual and at least one connected name confirms.
Company research
Understand the business, not just the ticker
Business model and earnings drivers
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
Key research questions
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
Annual periods9
Price observations332
Usable filing statements40
Verified relationships2
Evidence supporting the case
No qualifying supportive evidence was identified.
Evidence challenging the case
- Latest annual revenue changed -32.7% year over year.
- Operating margin changed -67.8 percentage points in the latest annual period.
- Net margin changed -135.1 percentage points in the latest annual period.
- Diluted shares increased 47.2% in the latest annual period.
Questions before a position
- EV/sales is 94% below the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context
Price as of Sep 29, 2026
2.896m+81.8%12m+309.9%24m—
Annual trajectory
Reported annual revenue and per-share history. This is accounting history, not a forecast.
PeriodRevenueYoYDiluted EPSShare change
2021-12-31$3.7M-33.3%$-0.58—
2022-12-31$6.1M+63.4%$-20.36—
2023-12-31$21.9M+260.5%$-1.93+28.1%
2024-12-31$16.6M-24.2%$-4.78—
2025-12-31$11.2M-32.7%$-7.37+47.2%
What management says matters
Persistent and emerging business drivers
Restructuring and cost reductionsnegative · 3 filings
“Impairment of Property and Equipment For the year ended December 31, 2025, an impairment to property and equipment of $ 7.2 million was recorded for the expected sales value of mining equipment primarily due to the decline in Bitcoin prices.”10-K · Mar 27, 2026 ↗
Valuation discipline
Descriptive valuation snapshot
Price/sales 0.8× · EV/sales 0.4×. Comparisons use only industry-matched filing peers.
Scenario scaffold
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
How the market is pricing the story
2.90+0.0% today
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 16 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for ANY. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Filing analysis
No comparable filing assessment is available yet
Jodie has not yet found a suitable current-versus-prior filing comparison for ANY. This does not mean the latest filing was neutral or immaterial.
Business ecosystem
The relationships behind ANY
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
BTGOBitGo Holdings, Inc.supplierMar 27, 2026 ▾
“Protection of Bitcoin Assets Our share of Bitcoin mined from our pool is initially received by us in wallets we control, which are maintained by BitGo Trust Company, Inc.”
BTGOBitGo Holdings, Inc.partnerMar 27, 2026 ▾
“Currently, we have Bitcoin wallets custodied by Bitgo and Coinbase (each, a “Custodian” and together, the “Custodians”).”
Filing peers
Companies whose filings use similar operating language.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks 5 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
ANY is currently a Follower in the organic co-movement group Regulated Electric Utilities. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 2 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.
This group is retained as the last observed read for ANY; it is not active in the latest market snapshot.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.