Baiya International Group Inc (Class A) (BIYA) Insider, 13F Hedge Fund & Politician Buy/Sell Thermometer

Per the Roarable RQD rating, BIYA receives an RQD Score of 18, grade E, with the verdict label "Roarable Strong Sell — Forensic Risk / Avoid." The five pillars are: Fundamental Cash Engine at 2/20 (ROIC -34%; FCF yield 0%); Whale 13F Flow at 3/20 (institutional accumulation and options positioning); Insider Conviction at 3/20 (SEC Form 4 and Congressional PTR cluster flow); Macro Regime Fit at 8/20 (Beta 1.0; sector sensitivity); and Forensic Balance Sheet at 2/20 (Altman Z 1.01; Piotroski F 3/9; Debt/Equity 0.5). The weakest pillars are the cash engine and balance sheet, meaning the reported economics currently offer little evidence of self-funded returns, and the forensic metrics sit in distress-adjacent territory. The institutional and insider pillars also score low, so the source data shows little positive ownership-side conviction to offset these weaknesses. For a prospective investor, the rating's implication is that the primary upside case would have to rest on a sharp operational turnaround rather than on current cash generation, and the rating's own verdict is to avoid. Any valuation discussion should be weighed against negative margins and the absence of reported earnings multiples.

Per the SEC financials, revenue rose from $11.6M in FY 2023 to $16.5M in FY 2025, but FY 2025 operating income fell to $-9.6M and net income to $-9.5M. Per the market data, operating margin is -58.1% and net margin is -57.8%. Per the Roarable RQD rating, ROIC is -34%, the Altman Z-Score is 1.01, the Piotroski F-Score is 3/9, and Debt/Equity is 0.5. Reported cash of $0.7M against a FY 2025 free cash flow of $-7.4M indicates a thin liquidity position in the most recent period.

Per the recent news feed, six items reference BIYA, sourced from Benzinga, TradingView, Timothy Sykes, StocksToTrade, kalkine.ca, and Benzinga again, all tagged as market-wire items with a yellow signal light. The headlines describe after-hours and pre-market moves, volatility, and low-float trading in the stock. Recurring themes across the headlines are "wild swings," "whipsaws," and "low float," which point to elevated trading volatility rather than a fundamental event. The feed does not describe a specific earnings release, contract, or strategic announcement. Per the Butterfly Supply-Chain Graph, no proprietary signals are recorded and the supply chain is listed as NONE. Market data shows volume of 178,060 and a 52-week range of $1.18 to $168, a span the source data does not explain. Risk watch items include the volatility and low-float dynamics described in the news wire and the negative profitability captured in the financials.

Per the Butterfly Supply-Chain Graph, the supply chain is listed as NONE, and the butterfly links and proprietary signals are both empty. Not available in source data for upstream or downstream dependencies. The sector and industry labels (Consumer Discretionary; Diversified Commercial Services) are the only sector context provided. Sector correlation data is not available in source data. For a prospective investor, the absence of mapped dependencies means second-order bottlenecks cannot be identified from the sources; the practical watch items are the company's own cash burn and liquidity, which the financials flag directly.

• What is the source of the reported FY 2025 operating loss of $-9.6M after the FY 2024 operating income of $0.1M?
• What products or services generate the $16.5M in FY 2025 revenue, and to which customers?
• What is the company's current debt obligation, given that FY 2025 debt is listed as N/A?
• What explains the 52-week range of $1.18 to $168, and what drove the reported volatility?
• Does the company have a funded path to cover its $-7.4M FY 2025 free cash flow deficit against $0.7M of reported cash?