Perpetuals.com Ltd (PDC) — RQD Stock Rating Cockpit

Per the Roarable RQD rating, PDC carries an RQD Score of 29 and a letter grade of E, labeled "Roarable Strong Sell — Forensic Risk / Avoid." The score is built from five pillars, each scored out of 20. The fundamental cash engine scores 10 / 20, with ROIC at 0% and FCF yield at -21.66%, indicating the business is not currently converting capital into returns or positive free cash flow. The whale 13F flow pillar scores 3 / 20 for institutional accumulation and options positioning, and the insider conviction pillar scores 3 / 20 for SEC Form 4 and Congressional PTR cluster flow, signaling weak insider and institutional support on the sources provided. The macro regime fit pillar scores 5 / 20, with Beta at 1.0 and a sector sensitivity that the rating does not further decompose. The forensic balance sheet pillar scores 8 / 20, with Altman Z at 2.5, Piotroski F at 2/9, and Debt/Equity at 0.5. For a prospective investor, the practical implication is that the stock's low composite score reflects weakness across nearly every pillar: negative cash generation, minimal ownership conviction, and a Piotroski reading in the weak range. Any upside case would have to rest on a turnaround that the current pillars do not yet evidence.

Per the SEC financials and profile, Perpetuals.com Ltd (PDC) is a NASDAQ-listed issuer in the Technology sector, within the EDP Services industry. Per the market data, the company reported a gross margin of 59.5%, indicating that its revenue carries a meaningful gross spread. Source data does not describe the specific products sold, the customer base, or the revenue model beyond these sector and margin references. The profile lists a market capitalization of $0.0B, while the market data lists $18.9M.

Per the SEC financials, operating and net losses persisted across all three reported fiscal years, with FY 2025 showing the largest loss at $-17.5M on $1.6M of revenue. Per the market data, operating margin and net margin are each -60%, and ROIC is 0%. Per the Roarable RQD rating, the Altman Z-Score is 2.5, the Piotroski F-Score is 2/9, and Debt/Equity is 0.5. The Piotroski reading is weak, and the balance sheet metrics available do not show cash or debt levels directly in the financials.

Per the recent news and catalysts section, four items were reported, each tagged YELLOW with the impact label "MARKET WIRE":

• A Moomoo report on PDC stock forecast and analyst ratings (1h ago).
• A Stock Titan report that shareholders elected eight directors and approved new shares (3h ago).
• A CoinDesk report that the FTX-linked fintech Perpetuals (PDC) plans tokenized stock trading under an SEC framework (6h ago).
• A Stock Titan report that one-third of enrollment fees from EIM's online courses will go to Perpetuals (9h ago).

Risk watch items include the approval of new shares, which may bear on per-share dilution, and the tokenized-trading plan, the scope and timing of which the source data does not quantify. Per the Butterfly Supply-Chain Graph, the supply chain is listed as NONE, with no butterfly links and no proprietary signals.

• What are the company's cash and debt balances, since the financials report both as N/A and the forensic metrics are only given as ratios?
• Which products or services generate the reported revenue, and who are the customers?
• What is the scale and timing of the new share issuance approved by shareholders, and how much dilution does it imply?
• What is the source of the discrepancy between the $0.0B market cap in the profile and the $18.9M in market data?
• What drove the 52-week range compression from $8.4 to $1.8 and the -20.2% single-day change?