Credit and interest ratesmixed · 4 filings
“There was no interest expense for the three months ended March 31, 2026 and 2025 due to all debt being paid off in 2024.”10-Q · May 7, 2026 ↗
Delcath Systems, Inc.
DCTH
Market read
Delcath Systems, 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 0 directly disclosed connections are confirming.
Company-1.3% todayVolume comparison unavailable
Market group0 of 11 activeConsumer Services · unavailable
Disclosed network0 of 0 confirmingRelationship data unavailable
What would change this read
Watch this read- DCTH's market-adjusted activity becomes unusual and at least one connected name confirms.
Invalidation: The isolated read changes if DCTH'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 0 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
- DCTH'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 observations319
Usable filing statements34
Verified relationships0
Evidence supporting the case
- Latest annual revenue changed +129.1% year over year.
- Operating margin changed +34.1 percentage points in the latest annual period.
- Net margin changed +74.1 percentage points in the latest annual period.
- Operating cash flow covered net income at 8.34x in the latest annual period.
Evidence challenging the case
- Diluted shares increased 40.0% in the latest annual period.
- Demand and volume has repeated adverse evidence across 4 filings.
- Product pipeline and R&D has repeated adverse evidence across 3 filings.
Questions before a position
- EV/sales is 149% above the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context
Price as of Sep 10, 2026
15.796m+77.4%12m+44.3%24m—
Annual trajectory
Reported annual revenue and per-share history. This is accounting history, not a forecast.
PeriodRevenueYoYDiluted EPSShare change
2021-12-31$3.6M+103.5%$-3.59—
2022-12-31$2.7M-23.5%$-4.12+24.1%
2023-12-31$2.1M-24.1%$-2.94—
2024-12-31$37.2M+1701.7%$-0.93—
2025-12-31$85.2M+129.1%$0.07+40.0%
What management says matters
Persistent and emerging business drivers
Demand and volumenegative · 4 filings
“Results of Operations Three months ended March 31, (In thousands) 2026 2025 Total revenues $ 24,994 $ 19,784 Cost of goods sold (3,736) (2,845) Gross profit 21,258 16,939 Research and development expenses 9,824 5,007 Selling, general and administrative expens…”10-Q · May 7, 2026 ↗
Product pipeline and R&Dnegative · 3 filings
“Results of Operations Three months ended March 31, (In thousands) 2026 2025 Total revenues $ 24,994 $ 19,784 Cost of goods sold (3,736) (2,845) Gross profit 21,258 16,939 Research and development expenses 9,824 5,007 Selling, general and administrative expens…”10-Q · May 7, 2026 ↗
Foreign exchangemixed · 1 filings
“Translation adjustments arising on consolidation due to differences between average rates and balance sheet rates, as well as unrealized foreign exchange gains or losses arising from translation of intercompany loans that are of a long-term-investment nature,…”10-K · Feb 26, 2026 ↗
Valuation discipline
Descriptive valuation snapshot
Price/sales 7.4× · EV/sales 6.9×. 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
15.79-1.3% today
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 10 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 DCTH. 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 DCTH. This does not mean the latest filing was neutral or immaterial.
Business ecosystem
The relationships behind DCTH
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Filing peers
No filing peers are available for this name yet.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
DCTH is currently a Leader in the organic co-movement group Consumer Services. This group is discovered from market behaviour rather than assigned from an industry taxonomy. No verified filing-linked names are available yet.
This group is retained as the last observed read for DCTH; 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.