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?
12 warning events since 2017; the latest 2025-06-23.
From the record
Nuwellis, Inc.'s filings since 2017 show 12 warning events of 2 kinds: a notice about its exchange listing (8-K item 3.01, 11 times, the latest 2025-06-23); an auditor change (8-K item 4.01, the latest 2017-06-09) (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?
+11.1% a year over 9 filed years; profitable in 0 of 9.
From the record
Nuwellis, Inc.'s 9 filed years say what it did: revenue went from $4 million in fiscal 2017 to $8 million in fiscal 2025, up 11.1% a year; it rose in 6 of 8 years; the deepest fall was 7% from fiscal 2023 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 0.9/10, confidence 35 of 100 (one part).
SI estimate Inferred, not read as filed
From the record
SI estimate, not a filed reading: Nuwellis, Inc.'s shareholder treatment is put at 0.9 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 9% of 27 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 -668%: lost 668¢ per shareholder dollar. Leverage 57%: owes 57¢ per asset dollar.
From the record
Return on equity: in the fiscal year ended 2025-12-31, Nuwellis, Inc. lost about 668 cents for every dollar of shareholders' money, and gross profitability: its products earned about 84 cents per dollar of everything the company owns. Leverage: it owed about 57 cents per dollar of assets, and net share issuance: its share count grew 2083.9% 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 24% of 24 in its family; net margin -211.8%.
From the record
Nuwellis, Inc.'s standing among 24 graded names in its industry family: revenue of $8 million in fiscal 2025 ranks in the bottom 23% by size; a net margin of -211.8% ranks in the bottom 27%; revenue growth of -1.1% a year over the last 3 filed years ranks in the bottom 22% (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?
bottom 12% of 19 in its family for leadership; chief executive since 2026.
From the record
Nuwellis, Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Mccormick, Michael Kendrick (President and CEO, as filed), filing under that title since 2026-07-01, 4 months (bottom 14% of its family); the 8 officers and directors filing in the last fifteen months have been on the record a median of 1.9 years (bottom 9%); 9 officer or director changes were reported on Form 8-K since 2023-11-13, against the 8 people in charge now (bottom 14%; 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?
top 50% of 23 in its family for room to expand.
From the record
Nuwellis, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $1 million against no long-term debt tagged leaves 17.7% of its assets as net cash, bottom 48% of its family; cash from operations less capital spending is -131.8% of revenue (bottom 24%); a gross margin of 62% (top 50%); research spending of 32.8% of revenue (top 20%) (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 23% of 25 in its family for growth drivers.
From the record
Nuwellis, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew -1.1% a year over the last three filed years against 11.1% over all 9, slowing (bottom 28% of its family); the newest year grew -5.4% (bottom 11%); research spending grew -14.5% a year (bottom 18%); capital spending grew -9.6% a year (bottom 35%) (its annual reports). Nuwellis, Inc. tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.
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 23% of 20 in its family for expectations against reality.
From the record
Nuwellis, Inc.'s newest year against its own record: revenue of $8 million in fiscal 2025 came in 6.4% below the $9 million its prior three years' pace pointed to (bottom 26% of its family); net income of $18 million against a prior three-year average of $16 million (bottom 30%); a net margin of a loss larger than its revenue against losses larger than its revenue before (bottom 13%) (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