Precipio
PRPO on Nasdaq. Market value $43m.
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. 18 funds in all.
Largest holders overall
- Vanguard Capital Management$1mAdded
- BlackRock$858,058Added
- Geode Capital Management$462,912
- Renaissance Technologies$401,087Cut
- Citadel Advisors$364,319Cut
- XTX Topco$233,982New
- Vanguard Fiduciary Trust$232,917
- Dimensional Fund Advisors LP$207,885New
- UBS Group AG$8,493Added
- Wells Fargo & Company$1,238
From 13F filings for the quarter ended 30 June 2026.
Big holders and activists
1 investor owns more than 5%.
- Leviticus Partners LPPassive investor9.1%−0.2 ptsSince 31 December 2025
| Holder | Stake | Since | |
|---|---|---|---|
Leviticus Partners LP Passive investor | 9.1%−0.2 pts | 31 December 2025 |
From Schedule 13D and 13G filings: anyone owning more than 5% must file one.
What insiders did
In the last 12 months, 1 insider bought $999 of shares on the open market. 1 sold $100,296.
- SANDBERG RICHARD ADirectorSold
- Date
- 21 May 2026
- Shares
- 900
- Price
- $25.02
- Value
- $22,518
- SANDBERG RICHARD ADirectorSold
- Date
- 20 May 2026
- Shares
- 2,534
- Price
- $24.91
- Value
- $63,126
- SANDBERG RICHARD ADirectorSold
- Date
- 19 May 2026
- Shares
- 600
- Price
- $24.42
- Value
- $14,652
- Sabet Ahmed ZakiChief Operating OfficerBoughtunder a preset trading plan
- Date
- 1 April 2026
- Shares
- 19
- Price
- $27.93
- Value
- $531
- Sabet Ahmed ZakiChief Operating OfficerBoughtunder a preset trading plan
- Date
- 2 January 2026
- Shares
- 20
- Price
- $23.40
- Value
- $468
| Date | Who | Did | Shares | Price | Value |
|---|---|---|---|---|---|
| 21 May 2026 | SANDBERG RICHARD A Director | Sold | 900 | $25.02 | $22,518 |
| 20 May 2026 | SANDBERG RICHARD A Director | Sold | 2,534 | $24.91 | $63,126 |
| 19 May 2026 | SANDBERG RICHARD A Director | Sold | 600 | $24.42 | $14,652 |
| 1 April 2026 | Sabet Ahmed Zaki Chief Operating Officer | Bought under a preset trading plan | 19 | $27.93 | $531 |
| 2 January 2026 | Sabet Ahmed Zaki Chief Operating Officer | Bought under a preset trading plan | 20 | $23.40 | $468 |
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 Precipio’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 30 Mar 2026, plus the 10-Q filed 14 Aug 2026 and 4 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.
“Notwithstanding the aforementioned circumstances, there remains substantial doubt about the Company’s ability to continue as a going concern for the next twelve months from the date these condensed consolidated financial statements were issued.”
Show the full paragraph
Notwithstanding the aforementioned circumstances, there remains substantial doubt about the Company’s ability to continue as a going concern for the next twelve months from the date these condensed consolidated financial statements were issued. There can be no assurance that the Company will be able to successfully achieve its initiatives summarized above in order to continue as a going concern over the next twelve months from the date of issuance of this Quarterly Report on Form 10-Q.
From the 10-Q filed 14 August 2026, Part I, Item 1. Financial Statements. Read it in the filing
One big customer
Worth knowingOne customer brings in a big share of sales: 26% last year. Losing that customer would hurt.
“For the years ended December 31, 2025 and 2024, one customer individually represented 26% and 17% of our total revenue, respectively.”
From the 10-K filed 30 March 2026, Item 1A. Risk Factors. 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.