1. Investment Snapshot
2. Thesis
3. Valuation & Price Target
4. Business & Product Moat
5. People & Governance
6. Market & Macro
7. Financial Quality
8. Risk Register
9. Prediction Market
10. 𝕏 Posts
Discussion
1. Investment Snapshot
2. Thesis
3. Valuation & Price Target
4. Business & Product Moat
5. People & Governance
6. Market & Macro
7. Financial Quality
8. Risk Register
9. Prediction Market
10. 𝕏 Posts
Discussion
1. Investment Snapshot
2. Metrics vs Peers
3. Valuation
4. Offer Terms
5. Financial Statements
Discussion
Research report, target price, DCF and forensic scores are for subscribers. View plans
Symbol
OBAI
Listed on
2026-02-04
Sector
Communication Services
Subsector
Diversified Telecommunication Services
Offer Range
—
Shares Offered
34.07M
20.67M
$413.5M
164.8%
Implied Upside vs Midpoint
Description
—
| Metric | Value | Peer median | Among peers | Trend |
|---|---|---|---|---|
EV / revenue | 43.7x | 5.1x | ||
Gross margin | 7.3% | 41.0% | ||
Operating margin | -98.4% | 3.5% | ||
Net margin | -113% | -14.6% | ||
Free cash flow margin | -84.4% | 1.9% | ||
Net cash / market cap | -2.9% | 1.0% | ||
Debt / equity | neg. equity | 0.00 | ||
Current ratio | 0.47 | 1.45 | ||
Stock comp / revenue | 9.9% | 1.0% | ||
9 premium metrics: DCF value / price, Growth the price needs: how common, Last 12 months vs full year and 6 more Unlock | ||||
Each filing is plotted ahead of the first trading day on the price chart.
| Filed | Form | Price range | Price | Shares offered | Deal size |
|---|---|---|---|---|---|
| 2026-02-03 | 424B4 | — | — | 34,073,681 | — |
Our Bond, Inc. income statement and balance sheet, FY Dec 2024 to FY Dec 2025, as reported in SEC filings.
| Metric | FY Dec 2024 | FY Dec 2025 |
|---|---|---|
| Revenue | $9.7M | $10.0M |
| Gross profit | $709K | $566K |
| Operating income | ($9.6M) | ($9.3M) |
| Net income | ($11.0M) | ($10.5M) |
| Revenue growth | — | 2.4% |
| Gross margin | 7.3% | 5.7% |
| Operating margin | −98.4% | −92.8% |
| Net margin | −113% | −106% |
| Metric | FY Dec 2024 | FY Dec 2025 |
|---|---|---|
| Total assets | $3.5M | $2.5M |
| Total liabilities | $20.0M | $13.8M |
| Total equity | ($16.5M) | ($22.7M) |
| Cash & equivalents | $726K | $599K |