Professional Diversity Network
IPDN on Nasdaq. Market value $45m.
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
We don't have fund holdings for this stock yet.
Big holders and activists
4 investors own more than 5%.
- AUROUS VERTEX LTDPassive investorat least 16.8%+3.1 pts(filed with 1 related holder)Since 24 March 2025
What they said
The purpose of the aforementioned acquisitions is for investment. The Reporting Persons will evaluate their investment in the Issuer from time to time and may at any time, based on such evaluation, market conditions and other circumstances, increase or decrease their security…
Read the filing - Koala Malta Ltd12.7%Since 24 December 2024
What they said
The Shares were issued to Koala Malta Limited pursuant to the PPA as Consideration Shares. As of the date of this filing, the Reporting Person does not have any plans or proposals which relate to or would result in: (a) The acquisition by any person of additional securities of…
Read the filing - Streeterville Capital LLCPassive investorat least 9.9%(filed with 2 related holders)Since 5 September 2025
- Armistice Capital, LLCPassive investorat least 5.0%−5.0 pts(filed with 1 related holder)Since 31 March 2025
| Holder | Stake | Since | |
|---|---|---|---|
AUROUS VERTEX LTD Passive investor | at least 16.8%+3.1 pts (filed with 1 related holder) | 24 March 2025 | What they saidThe purpose of the aforementioned acquisitions is for investment. The Reporting Persons will evaluate their investment in the Issuer from time to time and may at any time, based on such evaluation, market conditions and other circumstances, increase or decrease their security… Read the filing |
Koala Malta Ltd | 12.7% | 24 December 2024 | What they saidThe Shares were issued to Koala Malta Limited pursuant to the PPA as Consideration Shares. As of the date of this filing, the Reporting Person does not have any plans or proposals which relate to or would result in: (a) The acquisition by any person of additional securities of… Read the filing |
Streeterville Capital LLC Passive investor | at least 9.9% (filed with 2 related holders) | 5 September 2025 | |
Armistice Capital, LLC Passive investor | at least 5.0%−5.0 pts (filed with 1 related holder) | 31 March 2025 |
From Schedule 13D and 13G filings: anyone owning more than 5% must file one.
What insiders did
We have no insider filings for this company yet.
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 Professional Diversity Network’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 31 Mar 2026, plus the 10-Q filed 14 Aug 2026 and 14 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 conditions raise substantial doubt about its ability to continue as a going concern.”
Show the full paragraph
The Company had an accumulated deficit of $ 112,430,846 at June 30, 2026 . During the six months ended June 30, 2026 , the Company generated a loss from continuing operations, net of tax, of $ 3,572,184 . During the six months ended June 30, 2026 , the Company used cash in continuing operations of $ 955,062 . At June 30, 2026 , the Company had a cash balance of $ 141,831 . Total revenues were $ 2,729,372 and $ 3,146,076 for the six months ended June 30, 2026 and 2025 , respectively. The Company had a working capital deficit from continuing operations of $ 946,909 at June 30, 2026 and a working capital deficit from continuing operations of $ 4,043,028 at December 31, 2025 . These conditions raise substantial doubt about its ability to continue as a going concern. The ability of the Company to continue as a going concern is dependent on the Company’s ability to further implement its business plan, raise capital, and generate revenues. The consolidated financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.
From the 10-Q filed 14 August 2026, Part II, Item 1. Legal Proceedings. Read it in the filing
Changed auditor
Worth knowingThe company changed its auditor (the firm that checks its books) in the last two years.
“On July 30, 2025, Professional Diversity Network, Inc. (the “Company”) received a resignation letter from Sassetti LLC (“Sassetti”), the independent registered public accounting firm for the Company, stating that its resignation from its role as the Company’s independent registered public accounting firm on July 24, 2025.”
From an 8-K filed 4 August 2025: Change of auditor. 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.