Home / Going-concern warnings / BIOVIE INC.

3/5BIOVIE INC. (BIVI): Going-concern doubt

Filed 2026-02-06 路 Form 10-Q 路 Accession 0001520138-26-000052 nano

Market data

Price before filing: $1.06 (2026-02-05 close, split/dividend-adjusted)
Market cap at flag: $8.5M (2026-02-06) 路 Latest: $9.1M (2026-10-16)

What happened next

WindowBIVISPYvs SPY
30 days+31.1%+0.1%+31.0%2026-03-09
90 days+45.3%+8.3%+37.0%2026-05-07
180 days+92.5%+14.2%+78.2%2026-08-05

Return from the last close before the filing date to the first close on/after the window end. Pending windows have not fully elapsed. Past performance says nothing certain about the future.

Insider trading around this filing

90 days before the flag: no open-market insider sales or purchases reported.
30 days after: none reported.

Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-11-08 to 2026-03-08. Excludes option exercises, grants, gifts and tax withholding. Amended filings replace the originals; joint filings count once. Foreign private issuers do not file Form 4. Many insider sales are pre-scheduled (10b5-1 plans) and are not by themselves a sign of wrongdoing.

Verified excerpt

"These circumstances raise substantial doubt on the Company's ability to continue as a going concern."

Quoted from the filing. Source

What this means

The filing states that substantial doubt exists about the company's ability to continue as a going concern: it may not have enough cash to last the next 12 months. Expect dilution, debt deals or worse. An auditor's going-concern paragraph is the strongest form of this warning.

Source: management disclosure in Form 10-Q (period 2025-12-31)

Why this score: quarterly (unaudited) disclosure

Read the original filing on SEC.gov →

Not investment advice. Automated summary; verify against the filing.

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