📊 BACK Key Takeaways
Investment Thesis
IMAC Holdings is in severe financial distress with negative stockholders' equity of -$13.0M, indicating the company is technically insolvent. The company generated only $22.7K in revenue against operating losses of -$6.8M and negative operating cash flow of -$3.8M, demonstrating fundamental business deterioration. With a current ratio of 0.02x and minimal cash reserves of $45.1K against $8.0M in liabilities, the company faces imminent liquidity crisis and potential bankruptcy.
BACK Strengths
- No strengths identified
BACK Risks
- Negative stockholders' equity of -$13.0M indicates technical insolvency and wipeout risk for equity holders
- Revenue collapse to $22.7K with massive operating losses of -$6.8M indicates core business failure
- Critical liquidity crisis with current ratio of 0.02x and only $45.1K cash against $8.0M total liabilities
- Negative operating cash flow of -$3.8M demonstrates inability to fund operations from business activities
- Long-term debt of $4.4M with no viable path to repayment given negative earnings and minimal revenue
- Extreme negative margins across all profitability metrics indicate fundamental business model failure
Key Metrics to Watch
- Stockholders' equity trend and path to solvency
- Revenue stabilization and return to positive operations
- Operating cash flow and ability to meet debt obligations
- Cash burn rate and runway before insolvency
BACK Financial Metrics
💡 AI Analyst Insight
The current ratio below 1.0x warrants monitoring of short-term liquidity.
BACK Profitability Ratios
BACK vs Default Sector
How IMAC Holdings, Inc. compares to Default sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
BACK Balance Sheet & Liquidity
BACK 5-Year Financial Trend
5-Year Trend Summary: IMAC Holdings, Inc.'s revenue has declined by 100% over the 5-year period, indicating business contraction. The most recent EPS of $-8.47 indicates the company is currently unprofitable.
BACK Growth Metrics (YoY)
BACK Quarterly Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q3 2025 | $21.2K | -$2.2M | $-1.15 |
| Q2 2025 | $1.5K | -$1.4M | $-0.89 |
| Q1 2025 | $1.5K | -$407.2K | $0.35 |
| Q3 2024 | $56.3K | -$2.2M | $-1.38 |
| Q2 2024 | $15.8K | -$1.4M | $-1.28 |
| Q3 2023 | $1.6M | -$1.4M | $-2.63 |
| Q2 2023 | $1.3M | -$1.4M | $-0.04 |
| Q1 2023 | $2.1M | -$3.2M | N/A |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
BACK Capital Allocation
BACK SEC Filings
Access official SEC EDGAR filings for IMAC Holdings, Inc. (CIK: 0001729944)
📋 Recent SEC Filings
❓ Frequently Asked Questions about BACK
What is the AI rating for BACK?
IMAC Holdings, Inc. (BACK) has an AI rating of STRONG SELL with 95% confidence, based on fundamental analysis of SEC EDGAR filings.
What are BACK's key strengths?
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What are the risks of investing in BACK?
Negative stockholders' equity of -$13.0M indicates technical insolvency and wipeout risk for equity holders. Revenue collapse to $22.7K with massive operating losses of -$6.8M indicates core business failure.
What is BACK's revenue and growth?
IMAC Holdings, Inc. reported revenue of $22.7K.
Does BACK pay dividends?
IMAC Holdings, Inc. does not currently pay dividends.
Where can I find BACK SEC filings?
Official SEC filings for IMAC Holdings, Inc. (CIK: 0001729944) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is BACK's EPS?
IMAC Holdings, Inc. has a diluted EPS of $-3.11.
How is the AI analysis conducted?
Our AI (Claude) analyzes publicly available SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports to evaluate financial health, profitability ratios, balance sheet strength, and growth metrics.