Momentus Inc.

MNTS
About the company

Momentus Inc. operates as a commercial space company in the United States. The company offers satellites, satellite buses, solar arrays, and other satellite components; transportation, communication, and infrastructure services, including hosted payloads, and other in-orbit services for government and commercial customers. It serves satellite operators.

Country: United StatesPrice: $1.80Market Cap: $39.5M

Investment snapshot

24%positive consensus
Scored 1d ago

Positive

4

BUY / PASS

Neutral / negative

2 / 10

NEUTRAL / FAIL

Median fair value

—

No comparable estimates

Models with upside

0 / 17

Positive margin of safety

Strongest signal

8 of 12 pass — Graham, Buffett, Lynch +1 more object

Key risk

No clean pass — all 10 investors flag at least one cash flow criterion

Framework analysis

VerdictMeaning
BUYPositive purchase signal: the framework's buy requirements are met.
PASSThe company clears the framework's checklist or screen, but the framework does not produce a buy signal. For valuation frameworks this often means margin of safety is missing, insufficient, or unavailable; some screen-only frameworks have no intrinsic-value BUY state.
NEUTRALNeither a positive nor negative conclusion. It does not mean to hold an existing position.
FAILThe company does not clear the framework's requirements.
RankedRanked strategies do not use PASS: selected cohort is BUY, outside the cohort is FAIL, and unranked is NEUTRAL.

Current investor scores use trailing 12-month flows and the latest balance sheet where supported. Multi-year and EPS tests retain annual history; each framework shows its financial basis below. Intrinsic values use annual financials.

MetricGraham

Defensive Value

Buffett

Quality Compounder

Lynch

GARP

Greenblatt

Magic Formula

Piotroski

F-Score

Dreman

Contrarian Value

Munger

Quality Focus

Pabrai

Dhandho Framework

Akre

Three-Legged Stool

Marks

Risk-Aware Value

Ackman

Activist Value

Templeton

Global Bargain Hunter

Sleep

Scale Economies Shared

Asness

Systematic Factors

Neff

Low-P/E Total Return

Schloss

Asset-Value Discipline

O'Shaughnessy

Systematic Factor Composite

VerdictFAILFAILFAILNot rankedNEUTRALFAILPASSFAILFAILFAILFAILPASSPASSFAILFAILBUYNEUTRAL
Score
AnalysisChecking access…Checking access…Checking access…Checking access…Checking access…Checking access…Checking access…Checking access…Checking access…Checking access…Checking access…Checking access…Checking access…Checking access…Checking access…Checking access…Checking access…
Intrinsic Value (annual)N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Margin of SafetyN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Financial Basis

TTM ended 2026-06-30 · Balance sheet at 2026-06-30 · Annual history · FY 2025

Latest source filing: 2026-08-11

Score computed: 2026-11-14

Annual history · FY 2025 · TTM ended 2026-06-30

Latest source filing: 2026-08-11

Score computed: 2026-11-14

Annual history · FY 2025 · Balance sheet at 2026-06-30 · TTM ended 2026-06-30

Latest source filing: 2026-08-11

Score computed: 2026-11-14

Annual history · FY 2025

Latest source filing: 2026-03-31

Score computed: 2026-11-14

Annual history · FY 2025

Latest source filing: 2026-03-31

Score computed: 2026-11-14

Annual history · FY 2025 · TTM ended 2026-06-30 · Balance sheet at 2026-06-30 · Market data at 2026-11-01

Latest source filing: 2026-08-11

Score computed: 2026-11-14

Qualitative assessment · Annual history · FY 2025 · TTM ended 2026-06-30 · Balance sheet at 2026-06-30

Latest source filing: 2026-08-11

Score computed: 2026-11-14

Qualitative assessment · Annual history · FY 2025

Latest source filing: 2026-03-31

Score computed: 2026-11-14

Annual history · FY 2025 · Qualitative assessment · Balance sheet at 2026-06-30

Latest source filing: 2026-08-11

Score computed: 2026-11-14

Annual history · FY 2025 · Qualitative assessment

Latest source filing: 2026-03-31

Score computed: 2026-11-14

Annual history · FY 2025 · TTM ended 2026-06-30 · Balance sheet at 2026-06-30 · Market data at 2026-11-01

Latest source filing: 2026-08-11

Score computed: 2026-11-14

Annual history · FY 2025 · Price history 2025-01-01–2026-11-01 · Balance sheet at 2026-06-30

Latest source filing: 2026-08-11

Score computed: 2026-11-14

Annual history · FY 2025 · Qualitative assessment

Latest source filing: 2026-03-31

Score computed: 2026-11-14

TTM ended 2026-06-30 · Balance sheet at 2026-06-30 · Price history 2025-01-01–2026-11-01 · Annual history · FY 2025

Latest source filing: 2026-08-11

Score computed: 2026-11-14

Annual history · FY 2025

Latest source filing: 2026-03-31

Score computed: 2026-11-14

Annual history · FY 2025 · Balance sheet at 2026-06-30

Latest source filing: 2026-08-11

Score computed: 2026-11-14

TTM ended 2026-06-30 · Annual history · FY 2025 · Price history 2025-01-01–2026-11-01

Latest source filing: 2026-08-11

Score computed: 2026-11-14

Where It Passes

  • Debt & Leverage67% pass✓ 11✗ 4▾

    8 of 12 pass — Graham, Buffett, Lynch +1 more object

    LT Debt vs Net Current Assets
    ✗GrahamLT Debt <= Net Current Assets
    Debt/Equity & Interest CoverageD/E: 0.00, IC: -22.1x
    ✗BuffettD/E < 0.5 AND Interest Coverage > 5x
    Total Debt / Equity0
    ✓Lynch< 0.33
    Cash - Long-term Debt
    ✗LynchPositive preferred
    LT Debt / Total Assets Change0.00% -> 0.00%
    ✓PiotroskiDecreased YoY
    Current Assets / Current Liabilities13.70
    ✓Dreman> 1.5✓SchlossCurrent ratio >= 1.50x (app cutoff)
    Total Debt / Shareholders' Equity0
    ✓Dreman< 0.8✓Templeton< 1.0 (fixed cap; proxy for below-sector-median leverage)✓SchlossD/E < 1.00x
    Debt Levels0
    ✓MungerDebt/Equity < 0.5✓AkreDebt/Equity < 0.3
    Interest Coverage & Debt/EBITDAIC=-267.2x, D/EBITDA=N/A
    ✗MarksInterest Coverage > 3x; Debt/EBITDA < 4x
    Total Debt / Shareholders Equity0
    ✓Ackman<= 1.0
    Negative debt-to-equity (higher means less debt)-0.0000; #1/4210 (top 0.0%)
    ✓AsnessTop 30% of eligible cross-section

Where It Falls Short

  • Cash Flow0% pass✓ 1✗ 11▾

    No clean pass — all 10 investors flag at least one cash flow criterion

    Free Cash Flow Proxy$-29.2M
    ✗BuffettPositive and growing
    FCF Positive and Growing$-23.3M
    ✗LynchPositive and growing
    Operating Cash Flow$-23.3M
    ✗PiotroskiCFO > 0
    (CFO / Total Assets) vs ROACFO/Assets=-57.73%, ROA=-75.57%
    ✓PiotroskiCFO/Assets > ROA
    Price / (CFO / Shares)N/A (negative CFPS)
    ✗Dreman< 8x
    P/E or FCF YieldFCF Yield=-58.9%
    ✗PabraiP/E < 15 or FCF Yield > 10%
    FCF Positive0/6 years FCF positive
    ✗MarksPositive FCF in majority of recent years
    (OCF - CapEx) / Market Cap-2076.8%
    ✗Ackman>= 4%
    Price / FCF per ShareN/A (negative FCF)
    ✗Ackman<= 25
    Positive Operating Cash Flow frequency0/6 years positive
    ✗SleepPositive OCF in >= 70% of available years
    Operating Cash Flow - Capital Expenditures$-23.3M
    ✗Neff> $0 (app proxy for a strong fundamental case)
    (Operating cash flow - capex) / market capitalization-58.90%; #3904/4519 (top 86.4%)
    ✗OshaughnessyTop 10% of eligible cross-section
  • Growth0% pass✓ 2✗ 11▾

    No clean pass — all 8 investors flag at least one growth criterion

    EPS Growth (3-yr avg, 10-yr window)-6591.2%
    ✗Graham>= 33% growth
    Basic earnings-growth PEG (dividends excluded)
    ✗Lynch< 1.0 (ideally < 0.5)
    3-5 Year EPS CAGR
    ✗Lynch15-30% (Fast Grower); > 0% to pass
    Inventory Growth vs Revenue GrowthN/A (no inventory)
    ✓LynchInventory growth < Revenue growth
    EPS Growth Direction$-0.72 (2020) -> $-49.10 (2025)
    ✗DremanPositive over recent years
    EPS CAGR
    ✗Dreman> 5% annualized
    Positive Net Income Frequency1/6 years positive
    ✗MarksPositive net income in >= 7 of last 10 years
    3yr Median Revenue Growth-31.6%
    ✗Ackman>= 5%
    Positive EPS Growth Frequency1/5 years with positive EPS growth
    ✗AckmanPositive EPS growth in >= 3 of last 5 years
    5-Year EPS CAGR
    ✗Templeton> 0% (5-year EPS CAGR)
    Revenue growth vs. gross and operating margin trendgross margin 72.3% -> 99.8%, operating margin -2206.9% -> -2455.4%
    ✗SleepRevenue rising; gross margin flat or falling; operating margin holding
    5-year Revenue CAGR24.9%
    ✓SleepCAGR > 7%
    3-5 Year Diluted EPS CAGR
    ✗Neff7%-20% annualized
  • Profitability6% pass✓ 5✗ 30▾

    15 of 16 flag MNTS's profitability — Graham, Buffett, Lynch +12 more

    Positive EPS (10 years)1/7 years positive
    ✗GrahamPositive EPS every year for 10 years
    EPS Growth (3-yr avg, 10-yr window)-6591.2%
    ✗Graham>= 33% growth
    Net Income Positive (10+ years)1/7 years positive
    ✗BuffettPositive every year for 10+ years
    ROE (up to 5-year arithmetic mean)-624.0%
    ✗Buffett> 15% arithmetic mean (app rule)
    Operating Margin (10-yr trend)-2455.4% (latest)
    ✓BuffettStable or rising over 10 years
    Free Cash Flow Proxy$-29.2M
    ✗BuffettPositive and growing
    Earnings Variance (10-yr CoV)N/A (negative mean EPS)
    ✗BuffettCoV < 0.3
    Retained Earnings Effectiveness
    ✗Buffett$1 retained -> > $1 market value created
    Basic earnings-growth PEG (dividends excluded)
    ✗Lynch< 1.0 (ideally < 0.5)
    3-5 Year EPS CAGR
    ✗Lynch15-30% (Fast Grower); > 0% to pass
    ROE-31.2%
    ✗Lynch> 15%
    EBIT / Enterprise Value-90.2%
    ✗Greenblatt> 10%
    Earnings Yield + ROC AssessmentEY=-90.2%, ROC=N/A (invested capital <= 0)
    ✗GreenblattBoth EY > 10% and ROC > 25%
    Net Income / Total Assets-75.57%
    ✗PiotroskiROA > 0
    ROA Change YoY-351.15% -> -75.57% (delta: +275.58%)
    ✓PiotroskiCurrent ROA > Prior ROA
    (CFO / Total Assets) vs ROACFO/Assets=-57.73%, ROA=-75.57%
    ✓PiotroskiCFO/Assets > ROA
    Gross Margin Change YoY96.9% -> 99.8%
    ✓PiotroskiImproved YoY
    Pre-Tax Income / Revenue-2744.9%
    ✗Dreman>= 8%
    Net Income / Shareholders' Equity-31.2%
    ✗Dreman> 12%
    Margin of SafetyP/B=0.1x
    ✓PabraiP/B < 1.5 or P/E < 15
    Return on Equity-862.5% (3-yr avg)
    ✗AkreROE > 20% (3-year avg)
    Discount to Intrinsic ValueN/A (negative normalized EPS)
    ✗Marks>= 20% below intrinsic value
    Positive Net Income Frequency1/6 years positive
    ✗MarksPositive net income in >= 7 of last 10 years
    Operating Income / Revenue-832.0%
    ✗Ackman>= 15%
    Net Income / Shareholders Equity-31.2%
    ✗Ackman>= 15%
    5-Year EPS CAGR
    ✗Templeton> 0% (5-year EPS CAGR)
    Operating Margin Trend-2206.9% (2023) -> -2455.4% (2025)
    ✗TempletonNon-negative operating-margin trend over 3 years
    Revenue growth vs. gross and operating margin trendgross margin 72.3% -> 99.8%, operating margin -2206.9% -> -2455.4%
    ✗SleepRevenue rising; gross margin flat or falling; operating margin holding
    Net income / market capitalization-90.04%; #5344/6340 (top 84.3%)
    ✗AsnessTop 30% of eligible cross-section✗OshaughnessyTop 10% of eligible cross-section
    Gross profit / total assets+1.88%; #3273/3702 (top 88.4%)
    ✗AsnessTop 30% of eligible cross-section
    Net income / positive book equity-31.15%; #3925/5226 (top 75.1%)
    ✗AsnessTop 30% of eligible cross-section
    Negative 5-year standard deviation of ROA-1.5980; #5395/5884 (top 91.7%)
    ✗AsnessTop 30% of eligible cross-section
    3-5 Year Diluted EPS CAGR
    ✗Neff7%-20% annualized
    Positive Diluted-EPS Years1/6 years positive
    ✗Schloss>= 70% positive over 5-10 observed years (app rule)
  • Valuation8% pass✓ 9✗ 19▾

    12 of 13 flag MNTS's valuation — Graham, Lynch, Greenblatt +9 more

    Price / 3-yr avg EPS
    ✗Graham<= 15x
    Price-to-Book Ratio0.1x
    ✓Graham<= 1.5x
    P/E x P/B
    ✗Graham<= 22.5
    Basic earnings-growth PEG (dividends excluded)
    ✗Lynch< 1.0 (ideally < 0.5)
    EBIT / Enterprise Value-90.2%
    ✗Greenblatt> 10%
    Earnings Yield + ROC AssessmentEY=-90.2%, ROC=N/A (invested capital <= 0)
    ✗GreenblattBoth EY > 10% and ROC > 25%
    Price / EPS
    ✗Dreman< 12x✗Templeton< 12x (fixed ceiling; proxy for the market's cheapest 40%)
    Price / (CFO / Shares)N/A (negative CFPS)
    ✗Dreman< 8x
    Price / Book Value per Share0.1x
    ✓Dreman< 1.2x✓Templeton< 1.5x✓SchlossP/B <= 0.80x (app cutoff)
    Valuation ReasonablenessOE Yield=-2603.0%
    ✗MungerP/E < 25 or Owner Earnings Yield > 5%
    P/E or FCF YieldFCF Yield=-58.9%
    ✗PabraiP/E < 15 or FCF Yield > 10%
    P/B or P/E vs. Historical AverageP/B=0.1x
    ✓MarksP/E < 15 or P/B < 2.0
    Discount to Intrinsic ValueN/A (negative normalized EPS)
    ✗Marks>= 20% below intrinsic value
    Price / FCF per ShareN/A (negative FCF)
    ✗Ackman<= 25
    Price vs. Trailing Low100% of trailing low ($1.80)
    ✓Templeton<= 120% of trailing low (certified split-adjusted live window)
    Net income / market capitalization-90.04%; #5344/6340 (top 84.3%)
    ✗AsnessTop 30% of eligible cross-section✗OshaughnessyTop 10% of eligible cross-section
    Positive book equity / market capitalization+2.8902; #473/6449 (top 7.3%)
    ✓AsnessTop 30% of eligible cross-section
    Price / Diluted EPS
    ✗NeffP/E <= 15x (app proxy for a P/E 40%-60% below the market)
    (EPS CAGR % + Dividend Yield %) / P/E
    ✗Neff> 0.7 (Neff's published traditional edge)
    Price / Tangible Book Value per Share0.07x
    ✓SchlossP/TBV <= 1.00x (app cutoff)
    Book Value per Share Change+1594.3%
    ✓SchlossLatest BVPS >= earliest BVPS over >= 3 years (app rule)
    Revenue / market capitalization+0.0971; #4351/5247 (top 82.9%)
    ✗OshaughnessyTop 10% of eligible cross-section
    (Operating cash flow - capex) / market capitalization-58.90%; #3904/4519 (top 86.4%)
    ✗OshaughnessyTop 10% of eligible cross-section
    Trailing six-month price return through the evaluation date-89.32%; #5981/6202 (top 96.4%)
    ✗OshaughnessyTop 10% of eligible cross-section
  • Efficiency25% pass✓ 3✗ 8▾

    6 of 8 flag MNTS's efficiency — Buffett, Greenblatt, Piotroski +3 more

    Current Ratio13.70
    ✓Graham>= 2.0
    ROIC (3-5 yr avg)-943.5%
    ✗Buffett> 10%
    ROIC - WACC-953.5%
    ✗BuffettPositive (WACC = 10%)
    EBIT / (NWC + Net Fixed Assets)N/A (invested capital <= 0)
    ✗Greenblatt> 25%
    Current Ratio Change YoY0.30 -> 1.39
    ✓PiotroskiIncreased YoY
    Revenue / Total Assets Change YoY0.21x -> 0.03x
    ✗PiotroskiImproved YoY
    Current Assets / Current Liabilities13.70
    ✓Dreman> 1.5
    Return on Invested Capital-22.1%
    ✗Munger> 15%
    ROIC (high and growing)FY2023: ROIC=-986.4%; FY2024: ROIC=unavailable; FY2025: ROIC=-104.4%
    ✗AkreLatest 3 consecutive FYs: ROIC > 15% in each
    Reinvestment Rate x ROICN/A (non-positive net income)
    ✗AkreReinvestment Rate * ROIC > 10%
    ROIC (5-year)0/4 years above 12% (latest -104.4%)
    ✗SleepROIC > 12% in a majority of years
  • Verdicts29% pass✓ 4✗ 10▾

    Split decision: 10 FAIL · 3 PASS · 2 NEUTRAL · 1 BUY

    Overall verdict
    ✗GrahamFAIL (2/9)✗BuffettFAIL (1/9)✗LynchFAIL (2/7)•GreenblattNot ranked•PiotroskiNEUTRAL (F-Score 6)✗DremanFAIL (3/11)✓MungerPASS (2/4)✗PabraiFAIL (1/3)✗AkreFAIL (2/6)✗MarksFAIL (1/5)✗AckmanFAIL (2/9)✓TempletonPASS (4/8)✓SleepPASS (3/6)✗AsnessFAIL (Rank #2031/2370 (Top 85.7%))✗NeffFAIL (1/6)✓SchlossBUY (5/7)•OshaughnessyNEUTRAL (Not ranked)

Business & financials

Financial snapshot: annual FY 2025. Current investor scores may use newer quarterly data.

Company Profile

Industry: Defense
SIC Sector: Transportation Equipment
Size: Micro Cap($39.5M)
Revenue: $1.1M-47.5% YoY
Net Income: $30.5M+12.8% YoY

Financial Snapshot

Operating Margin-2455.4%
Return on Equity-177.8%
Debt / Equity0.20
Current Ratio1.39
EPS (Diluted)$-49.10
Shares Retired58.7%

Shareholder Return

Fiscal 2025

Retired 58.7% of shares last year.

Buybacks
—
Dividends
—

Company Financials

Latest TTM and quarters alongside annual years

TTM sums four consecutive quarters and uses the latest quarter-end balances. Quarter columns show three-month results; annual columns show full-year totals. Growth compares the same period a year earlier. EPS is not added for TTM; full-year ratios are blank for quarters.

The latest annual period end is unavailable. Showing the latest fiscal cycle’s quarters; quarter and annual columns may overlap. Quarterly shows the full quarter history.

MetricTTM · 2026-06-30

2025-07-01 – 2026-06-30

Sources · derived quarter values

Derived from cumulative filings: operating cash flow, revenue, net income, operating income, gross profit, ebit, interest expense, capex.

Q2 FY 2026

2026-04-01 – 2026-06-30

Sources · derived quarter values

Derived from cumulative filings: operating cash flow, capex.

Q1 FY 2026

2026-01-01 – 2026-03-31

Sources
FY 2025
Sources
  • 10-K · 2026-03-31
FY 2024
Sources
  • 10-K · 2025-04-01
FY 2023
Sources
  • 10-K · 2024-06-06
FY 2022
Sources
  • 10-K · 2024-06-06
FY 2021
Sources
  • 10-K · 2022-03-09
Market Cap$39.5Mcurrent----$4.5Mest.$8.8Mest.$759.9Mest.$955.2Best.$3.7Test.
Revenue$3.8M↑324%$25.0K↓87%$3.2M↑898%$1.1M↓47%$2.1M↓32%$3.1M↑933%$299.0K↓9%$330.0K
Operating Income-$31.9M↓20%-$8.1M↓36%-$8.7M↓41%-$27.3M↑8%-$29.7M↑56%-$68.2M↑25%-$91.3M↑9%-$99.8M
Net Income-$35.6M↓10%-$8.3M↓28%-$9.5M↓54%-$30.5M↑13%-$34.9M↑49%-$68.9M↑28%-$95.4M↓179%$120.7M
EPS (Diluted)--$-0.70↑43%$-2.15↓31%$-49.10↓112%$-23.19$-23.13↓1877%$-1.17↓169%$1.70
Gross Margin63.6%↓31%100.0%↑1%56.5%↓43%99.8%↑3%96.9%↑34%72.3%↓21%91.3%↓35%140.9%
Operating Margin-832.0%↑72%-32420.0%↓942%-270.4%↑86%-2455.4%↓75%-1404.1%↑36%-2206.9%↑93%-30526.8%↓1%-30230.6%
ROE-31.2%↓110%——-177.8%↓140%447.5%↑121%-2162.5%↓775%-247.2%↓370%91.5%
Total Debt$0↓100%$0↓100%$1.9M↓50%$3.5M↓30%$5.0M↑118%$2.3M↓80%$11.6M↓44%$20.9M
Shareholders' Equity$114.3M↑1246%$114.3M↑1246%$27.2M↑555%$17.1M↑319%-$7.8M↓345%$3.2M↓92%$38.6M↓71%$131.9M
Current Ratio13.70↑5998%13.70↑5998%2.52↑526%1.39↑360%0.30↓69%0.97↓45%1.76↓60%4.37
Debt / Equity0.00↑100%0.00↑100%0.07↑111%0.20↑132%-0.63↓189%0.71↑137%0.30↑90%0.16
Operating Cash Flow-$30.7M↓74%-$9.1M↓179%-$5.8M↓39%-$23.3M↓40%-$16.6M↑73%-$61.8M↑30%-$87.9M↓1%-$86.7M
Free Cash Flow---$9.1M-$6.0M-$23.3M↓40%-$16.6M↑73%-$61.9M↑30%-$88.5M↑1%-$89.7M

Score history

Historical Score Timeline

Industry peers

Industry Peers

Similar companies in Defense

MNTS vs Peers — Financial Grading

Revenue$1.1MBottom 25%
Net Income$30.5MMedian
ROE-177.8%Bottom 25%
D/E0.20Median
Op. Margin-2455.4%Bottom 25%
Curr. Ratio1.39Bottom 25%
CompanyMarket CapPriceRevenueNet IncomeROED/EOp. MarginCurr. RatioGrahamBuffettLynchGreenblattPiotroskiDreman
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Rocket Lab CorpRKLB$41.4B$61.53$601.8M$198.2M-11.5%0.00-38.0%4.083/91/92/70/3F-Score 53/11
AXON ENTERPRISE, INC.AXON$25.7B$315.43$2.8B$124.7M3.8%0.56-2.2%2.532/91/90/70/3F-Score 53/11
KRATOS DEFENSE & SECURITY SOLUTIONS, INC.KTOS$6.4B$33.91$1.3B$22.0M1.1%0.001.9%4.063/91/93/70/3F-Score 43/11
Firefly Aerospace Inc.FLY$4.3B$25.21$159.9M$298.3M-25.1%0.24-163.1%4.514/90/93/70/3F-Score 53/11
Redwire CorpRDW$1.9B$7.73$335.4M$226.6M-21.4%0.08-68.5%1.624/91/92/70/3F-Score 43/11
Voyager Technologies, Inc./TXVOYG$1.7B$27.04$166.4M$104.8M-27.3%1.17-65.2%4.372/90/90/70/3F-Score 42/11
NATIONAL PRESTO INDUSTRIES INCNPK$992.7M$139.11$503.5M$33.1M8.4%0.068.0%4.242/92/92/70/3F-Score 33/11