All three tenses have at least two readings, so the archetype blend applies as printed.
Of the nine metrics, 8 read as filed from the record and 1 is an SI estimate, each with its reasoning, its confidence and what would change it on its card.
What did they actually do?
Has it survived what it has been through?
8 warning events since 2017; the latest 2026-09-25.
From the record
Dyadic International, Inc.'s filings since 2017 show 8 warning events of 2 kinds: a notice about its exchange listing (8-K item 3.01, 6 times, the latest 2026-09-25); an auditor change (8-K item 4.01, 2 times, the latest 2023-04-10) (its current reports).
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What has it actually done, year after year?
+19.2% a year over 9 filed years; profitable in 0 of 9.
From the record
Dyadic International, Inc.'s 9 filed years say what it did: revenue went from $758 thousand in fiscal 2017 to $3 million in fiscal 2025, up 19.2% a year; it rose in 5 of 8 years; the deepest fall was 12% from fiscal 2024 to fiscal 2025; net income was positive in 0 of 9 of those years (its annual reports).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
How has it treated the people who own it?
SI estimate 6.7/10, confidence 35 of 100 (one part).
SI estimate Inferred, not read as filed
From the record
SI estimate, not a filed reading: Dyadic International, Inc.'s shareholder treatment is put at 6.7 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 top 33% of 146 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.
What are they doing right now?
Is it financially healthy right now?
ROE -598%: lost 598¢ per shareholder dollar. Leverage 88%: owes 88¢ per asset dollar.
From the record
Return on equity: in the fiscal year ended 2025-12-31, Dyadic International, Inc. lost about 598 cents for every dollar of shareholders' money, and gross profitability: its products earned about 8 cents per dollar of everything the company owns (revenue less the cost of revenue). Leverage: it owed about 88 cents per dollar of assets, and net share issuance: its share count grew 11.3% over the year (the filed statements).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
How strong is its position in its industry?
bottom 41% of 102 in its family; net margin -238.3%.
From the record
Dyadic International, Inc.'s standing among 102 graded names in its industry family: revenue of $3 million in fiscal 2025 ranks in the bottom 26% by size; a net margin of -238.3% ranks in the top 48%; revenue growth of 1.8% a year over the last 3 filed years ranks in the bottom 45% (its annual reports).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What are the people in charge doing?
top 26% of 110 in its family for leadership; chief executive since 2006.
From the record
Dyadic International, Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Emalfarb, Mark A (CEO, as filed), filing under that title since 2006-05-03, 20.5 years (top 1% of its family); the 7 officers and directors filing in the last fifteen months have been on the record a median of 7.7 years (top 16%); 4 officer or director changes were reported on Form 8-K since 2023-11-13, against the 7 people in charge now (bottom 38%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What are they set up to do next?
How much room does it have to grow?
bottom 42% of 92 in its family for room to expand.
From the record
Dyadic International, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $5 million against no long-term debt tagged leaves 46.5% of its assets as net cash, top 35% of its family; cash from operations less capital spending is -184.5% of revenue (top 47%); a gross margin of 24.9% (bottom 16%); research spending of 69.7% of revenue (bottom 35%) (its annual report).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What could actually drive growth from here?
bottom 24% of 100 in its family for growth drivers.
From the record
Dyadic International, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew 1.8% a year over the last three filed years against 19.2% over all 9, slowing (bottom 34% of its family); the newest year grew -11.6% (bottom 27%); research spending grew -21.8% a year (bottom 12%) (its annual reports). Dyadic International, Inc. reported 3 product lines in fiscal 2025: Grant at $2 million (60%), Research and Development at $967 thousand (31%), License at $265 thousand (9%); 0 of 2 grew against the year before (its annual report).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
Did its newest year beat what its own record pointed to?
bottom 37% of 72 in its family for expectations against reality.
From the record
Dyadic International, Inc.'s newest year against its own record: revenue of $3 million in fiscal 2025 came in 19% below the $4 million its prior three years' pace pointed to (bottom 26% of its family); net income of $7 million against a prior three-year average of $7 million (bottom 44%); a net margin of a loss larger than its revenue against losses larger than its revenue before (bottom 40%) (its annual reports).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
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