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ChronoScale Holdings

CHRN on Nasdaq. ChronoScale Holdings rents computing space to AI developers and sells exoskeletons. Market value $2.7bn.

Watch this stockFree. We tell you when something changes.

Price checks use the past 12 months to May 2026. Quality checks use five annual reports, the latest for the year to May 2026.

Should I look at this?

Not a fit for our list right now

Why it could be worth it

What to watch out for

See Industrials stocks that passed both tests

This is not advice. Check the numbers below.

Compare with another stock

Cash yield
past 12 months to May 2026
0.4%low

For every $100 of what the whole company costs, it produced $0.43 of spare cash in the past 12 months. A savings account pays about $4.

Price to profit
past 12 months to May 2026
n/a

The filings do not give us enough to work this out.

Return on capital
five annual reports to May 2026
n/a

The filings do not give us enough to work this out.

Quality score: 54 of 100. Price score: 2 of 100. Our list needs 70 on quality and 60 on price.

$19.28 a share, 451% above its 1-year low

Over the past year the price has ranged from $3.50 to $30.00.

Pays no dividend

Prices from Tuesday’s close (6 October).

Five years of cash, in billions

-0.0
-0.0
-0.0
-0.0
0.0
20222023202420252026
Revenue
$13m$18m$18m$13m$72m
Operating margin
-120.5%-82.7%-58.4%-104.1%-52.4%
Debt to equity
n/an/an/an/a0.35
Shares outstanding
0.01bn0.02bn0.00bn0.15bn0.15bn

Health checks

  • Free cash flow positive1 of 5 years
  • Accounting looks honest (Beneish)Not enough data
  • Financial strength (Piotroski)2 of 8 checks we could run
  • Profit backed by cash (accruals)No
  • Debt0.35× equity
  • Revenue growth, five yearsStrong, 52.1% a year
  • Buying back its own sharesNo, 923% more shares since 2022

The quarter to May 2026

How the business did, compared with the same quarter a year earlier.

Sales by quarter
Sales by quarter
Quarter toAmount
September 2024$4m
December 2024$5m
March 2025$3m
June 2025$2m
September 2025$4m
December 2025$3m
March 2026$2m
May 2026Not reported
Profit by quarter
Profit by quarter
Quarter toAmount
September 2024-$2m
December 2024-$3m
March 2025-$3m
June 2025-$3m
September 2025-$1m
December 2025-$5m
March 2026-$7m
May 2026Not reported

From the company's quarterly reports to the SEC.

Dates

Next results (estimated)
n/a
Last annual report (10-K)
19 August 2026
Next quarterly (estimated, 10-Q)
28 July 2026

Who owns it

None of the long-term investors we follow own it. 45 funds in all.

Jun '26
Largest holders overall

From 13F filings for the quarter ended 30 June 2026.

Big holders and activists

5 investors own more than 5%.

  • Applied Digital Corporation
    96.1%−1.4 pts
    Since 26 June 2026
    What they said

    Item 4 of the Schedule 13D is hereby supplemented as follows: On June 26, 2026, the Issuer entered into an unsecured Demand Grid Promissory Note (the "Note") with the Reporting Person, pursuant to which the Lender made a line of credit available to the Issuer in the maximum…

    Read the filing
  • DANIEL ASHER
    Passive investor
    at least 16.5%+7.0 pts
    (filed with 2 related holders)
    Since 22 January 2026
  • Kosow Keith
    Passive investor
    at least 5.9%
    (filed with 1 related holder)
    Since 17 February 2026
  • Armistice Capital, LLC
    Passive investor
    at least 5.0%−5.0 pts
    (filed with 1 related holder)
    Since 31 March 2026
  • Kent Lake PR LLC
    Passive investor
    at least 4.6%
    (filed with 2 related holders)
    Since 31 December 2024
  • Sold down below 5%
    Since 14 May 2026

From Schedule 13D and 13G filings: anyone owning more than 5% must file one.

What insiders did

In the last 12 months, 2 insiders bought $31,000 of shares on the open market. 3 sold $232,062.

  • Jones Jason C
    Chief Operating Officer
    Bought
    Date
    16 March 2026
    Shares
    1,308
    Price
    $11.85
    Value
    $15,500
  • Wong Jerome
    Chief Financial Officer
    Bought
    Date
    16 March 2026
    Shares
    1,308
    Price
    $11.85
    Value
    $15,500
  • Jones Jason C
    Chief Operating Officer
    Sold
    Date
    6 January 2026
    Shares
    1,320
    Price
    $9.25
    Value
    $12,210
  • Jones Jason C
    Chief Operating Officer
    Sold
    Date
    9 December 2025
    Shares
    270
    Price
    $4.70
    Value
    $1,269
  • Wong Jerome
    Chief Financial Officer
    Sold
    Date
    9 December 2025
    Shares
    1,238
    Price
    $4.70
    Value
    $5,819
  • Wong Jerome
    Chief Financial Officer
    Sold
    Date
    10 November 2025
    Shares
    11,288
    Price
    $4.80
    Value
    $54,182
  • Jones Jason C
    Chief Operating Officer
    Sold
    Date
    10 November 2025
    Shares
    9,723
    Price
    $4.80
    Value
    $46,670
  • Davis Scott G.
    CEO, Director
    Sold
    Date
    10 November 2025
    Shares
    23,315
    Price
    $4.80
    Value
    $111,912

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.

None of the serious warning signs we check for were found. 2 things worth knowing.

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 19 Aug 2026, plus 3 later 8-Ks.

  • Changed auditor

    Worth knowing

    The company changed its auditor (the firm that checks its books) in the last two years.

    “On May 5, 2026, the audit committee of the Board approved (i) the termination of the engagement of WithumSmith+Brown, PC (“Withum”), the Company’s independent registered public accounting firm prior to the Business Combination, and (ii) the engagement of CBIZ CPAs P.C. (“CBIZ”) as the independent registered public accounting firm”

    From an 8-K filed 5 May 2026: Change of auditor. Read it in the filing

  • One big customer

    Worth knowing

    One customer brings in a big share of sales: 100% last year. Losing that customer would hurt.

    “For the year ended May 31, 2026, this customer accounted for approximately 100 % of the Company's revenues and accounts receivable.”

    From the 10-K filed 19 August 2026, Item 8. Financial Statements and Notes. 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.

What could go wrong

Cheap for a reason is the question the numbers cannot answer.

Whether the price already reflects the risks is what the deep dive is for.

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
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What a finished deep dive looks like

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.