Company Analysis

AleAnna, Inc. (ANNA)

Nasdaq: ANNA · Crude Petroleum & Natural Gas · Dallas, TX · filing with the SEC since 2021
Grade4.1
◀ Past 2.9● Present 4.5▶ Future 5.5
5 est.

The grade of AleAnna, Inc.

Nine metrics read from its own filings, by tense
Headline grade
4.1/10
◀ Past2.940% of the headline
● Present4.535% of the headline
▶ Future5.525% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 4 read as filed from the record and 5 are SI estimates, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

2.9/1040% of the headline grade · 1 of 3 filed, 2 estimated

Surviving crises

as filed
1.2/10

Has it survived what it has been through?

13 warning events since 2021; the latest 2024-12-19.

weight 45% of this tense · 12th percentile among 83 sector filers · read for itself

From the record

AleAnna, Inc.'s filings since 2021 show 13 warning events of 4 kinds: a notice about its exchange listing (8-K item 3.01, 2 times, the latest 2023-05-16); a warning not to rely on past financial statements (8-K item 4.02, the latest 2023-08-24); an auditor change (8-K item 4.01, the latest 2024-12-19); a late-report notice (Form NT 10-K or NT 10-Q, 9 times, the latest 2024-08-15) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

SI estimate
5.2/10

What has it actually done, year after year?

SI estimate 5.2/10, confidence 20 of 100 (family median).

weight 33% of this tense · 50th percentile among 75 sector filers · read for its customers

SI estimate Inferred, not read as filed

Why it is an estimate
Fewer than three filed years of revenue on file, so the desk assumes the typical reading of its industry family, the median of 75 members with one.
What the record cannot read
Fewer than three filed years of revenue on file.
How it was reasoned
family median, 75 readings behind it.
Confidence
20 of 100
What would change it
Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: AleAnna, Inc.'s track record is put at 5.2 of 10 with a confidence of 20 of 100, because fewer than three filed years of revenue on file, so the desk assumes the typical reading of its industry family, the median of 75 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

Shareholder treatment

SI estimate
2.9/10

How has it treated the people who own it?

SI estimate 2.9/10, confidence 35 of 100 (one part).

weight 22% of this tense · 29th percentile among 78 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
Read from one part only, the share count over the years, which ranks in the bottom 29% of 78 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
What the record cannot read
Fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
How it was reasoned
one part: the share count over the years, the one part on file, ranked among 78 in its family.
Confidence
35 of 100
What would change it
A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: AleAnna, Inc.'s shareholder treatment is put at 2.9 of 10 with a confidence of 35 of 100, because read from one part only, the share count over the years, which ranks in the bottom 29% of 78 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income. A filing that carries the missing parts replaces this estimate with the filed reading.

● Present

What are they doing right now?

4.5/1035% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed
4.6/10

Is it financially healthy right now?

ROE 5%: 5¢ of profit per shareholder dollar. Leverage 42%: owes 42¢ per asset dollar.

weight 45% of this tense · 46th percentile among 76 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, AleAnna, Inc. earned about 5 cents of profit for every dollar of shareholders' money. Leverage: it owed about 42 cents per dollar of assets, and net share issuance: its share count grew 6.1% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetstop 36% of its family
  • return on equitybottom 45% of its family
  • the share count against the year beforebottom 30% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
5.8/10

How strong is its position in its industry?

top 42% of 76 in its family; net margin 11.5%.

weight 33% of this tense · 58th percentile among 76 sector filers · read for its customers

From the record

AleAnna, Inc.'s standing among 76 graded names in its industry family: revenue of $25 million in fiscal 2025 ranks in the bottom 15% by size; a net margin of 11.5% ranks in the top 40%; revenue growth of 1666.5% a year over the last 1 filed years ranks in the top 1% (its annual reports).

What it rests on

  • revenue against the family$25.0Mbottom 15% of its family
  • net margin11.5%top 40% of its family
  • three-year revenue growth1666.5%top 1% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate
2.1/10

What are the people in charge doing?

SI estimate 2.1/10, confidence 35 of 100 (one part).

weight 22% of this tense · 21st percentile among 61 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
Read from one part only, officer and director changes on Form 8-K over three years, against the people in charge, which ranks in the bottom 21% of 61 in its family; the record of its people begins on 2024-12-13 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 1.9 years and cannot see past it; a floor under five years is not read as years in charge.
What the record cannot read
The record of its people begins on 2024-12-13 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 1.9 years and cannot see past it; a floor under five years is not read as years in charge.
How it was reasoned
one part: officer and director changes on Form 8-K, against the people in charge, the one part on file, ranked among 61 in its family.
Confidence
35 of 100
What would change it
A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: AleAnna, Inc.'s leadership is put at 2.1 of 10 with a confidence of 35 of 100, because read from one part only, officer and director changes on Form 8-K over three years, against the people in charge, which ranks in the bottom 21% of 61 in its family; the record of its people begins on 2024-12-13 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 1.9 years and cannot see past it; a floor under five years is not read as years in charge. A filing that carries the missing parts replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

5.5/1025% of the headline grade · 1 of 3 filed, 2 estimated

Room to expand

as filed
8.2/10

How much room does it have to grow?

top 18% of 74 in its family for room to expand.

weight 22% of this tense · 82nd percentile among 74 sector filers · read for itself

From the record

AleAnna, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $33 million against no long-term debt tagged leaves 32.7% of its assets as net cash, top 1% of its family; cash from operations less capital spending is 40.6% of revenue (top 35%) (its annual report).

What it rests on

  • cash less debt against assets32.7%top 1% of its family
  • cash from operations less capital spending against revenue40.6%top 35% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

SI estimate
4.8/10

What could actually drive growth from here?

SI estimate 4.8/10, confidence 20 of 100 (family median).

weight 33% of this tense · 50th percentile among 73 sector filers · read for its customers

SI estimate Inferred, not read as filed

Why it is an estimate
The record does not carry three filed years of revenue and two of the four parts: acceleration, the newest year's growth, the growth of research and of capital spending, so the desk assumes the typical reading of its industry family, the median of 73 members with one.
What the record cannot read
The record does not carry three filed years of revenue and two of the four parts: acceleration, the newest year's growth, the growth of research and of capital spending.
How it was reasoned
family median, 73 readings behind it.
Confidence
20 of 100
What would change it
Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: AleAnna, Inc.'s growth drivers is put at 4.8 of 10 with a confidence of 20 of 100, because the record does not carry three filed years of revenue and two of the four parts: acceleration, the newest year's growth, the growth of research and of capital spending, so the desk assumes the typical reading of its industry family, the median of 73 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

Expectations vs reality

SI estimate
4.8/10

Did its newest year beat what its own record pointed to?

SI estimate 4.8/10, confidence 20 of 100 (family median).

weight 45% of this tense · 50th percentile among 69 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
The record does not carry four filed years of revenue and two of the three parts: revenue against the prior pace, earnings against the prior average, the margin change, so the desk assumes the typical reading of its industry family, the median of 69 members with one.
What the record cannot read
The record does not carry four filed years of revenue and two of the three parts: revenue against the prior pace, earnings against the prior average, the margin change.
How it was reasoned
family median, 69 readings behind it.
Confidence
20 of 100
What would change it
Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: AleAnna, Inc.'s expectations vs reality is put at 4.8 of 10 with a confidence of 20 of 100, because the record does not carry four filed years of revenue and two of the three parts: revenue against the prior pace, earnings against the prior average, the margin change, so the desk assumes the typical reading of its industry family, the median of 69 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton ANNA · research, not advice