BeyondSpring
BYSI on Nasdaq. Market value $32m.
Should I look at this?
Look carefully before going further
Why it could be worth it
Nothing stands out yet.
What to watch out for
Read the warning sign in its own filings
This is not advice.
Who owns it
None of the long-term investors we follow own it. 22 funds in all.
Largest holders overall
- Decheng Capital$7m
- BlackRock$1mAdded
- Vanguard Capital Management$1mAdded
- Geode Capital Management$643,910Cut
- State Street$404,460
- Vanguard Fiduciary Trust$317,093
- UBS Group AG$110,307Added
- Northern Trust$108,542Cut
- Meridian Wealth Management$26,250
- Farther Finance Advisors$22,353New
From 13F filings for the quarter ended 30 June 2026.
Big holders and activists
3 investors own more than 5%.
- Lan HuangPassive investorat least 15.0%(filed with 1 related holder)Since 31 December 2024
- Lan HuangPassive investorat least 12.9%−1.2 pts(filed with 4 related holders)Since 30 June 2026
- Xiangmin CuiPassive investorat least 9.2%−2.0 pts(filed with 6 related holders)Since 31 December 2025
| Holder | Stake | Since | |
|---|---|---|---|
Lan Huang Passive investor | at least 15.0% (filed with 1 related holder) | 31 December 2024 | |
Lan Huang Passive investor | at least 12.9%−1.2 pts (filed with 4 related holders) | 30 June 2026 | |
Xiangmin Cui Passive investor | at least 9.2%−2.0 pts (filed with 6 related holders) | 31 December 2025 |
From Schedule 13D and 13G filings: anyone owning more than 5% must file one.
What insiders did
No insider bought or sold on the open market in the last 12 months.
From Form 4 filings: insiders must report trades in their own company's shares within two days.
Warning signs in its filings
Problems the company itself reported to the SEC, in its own words.
1 serious warning sign in BeyondSpring’s filings.
We look for five warning signs: doubt it can keep going, weak checks on its own accounts, a notice that its past accounts can't be relied on, a change of auditor, and one customer bringing in a big share of sales. We don't check lawsuits, investigations or debt yet.
We checked the auditor's report, internal controls, restatement notices, auditor changes and big customers in the 10-K filed 25 Mar 2026, plus the 10-Q filed 14 Aug 2026 and 6 later 8-Ks.
Doubt it can keep going
SeriousThe company or its auditor warned it may not have enough money to last the next year.
“These factors raise substantial doubt regarding the Company’s ability to continue as a going concern.”
Show the full paragraph
These factors raise substantial doubt regarding the Company’s ability to continue as a going concern. These financial statements have been prepared in accordance with U.S. GAAP, on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities and commitments in the normal course of business. These financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts, or amounts and classification of liabilities that might result from this uncertainty.
From the 10-Q filed 14 August 2026, Part I, Item 1. Financial Statements. Read it in the filing
A 10-K is the yearly report every US company files with the SEC. An 8-K is a short notice of a big event.
The deep dive
Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.
- What the business is worth, as a range, and the margin of safety at today’s price
- Prices to start buying, buy, and buy hard
- The three things that would make this a mistake
- Every number footnoted to the filing it came from
Your first deep dive is free.
Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.