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Emyria Ltd (AU:EMD)
ASX:EMD
Australian Market

Emyria Ltd (EMD) AI Stock Analysis

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AU:EMD

Emyria Ltd

(Sydney:EMD)

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Neutral 49 (OpenAI - 5.2)
Rating:49Neutral
Price Target:
AU$0.06
▲(1.67% Upside)
The score is held back primarily by weak financial performance (declining revenue, persistent negative margins, and negative operating/free cash flow). Technical indicators are moderately positive and provide some offset, but valuation is constrained by loss-making earnings (negative P/E) and no provided dividend yield.
Positive Factors
Low leverage
A very low debt-to-equity ratio provides durable financial flexibility for a clinical-stage biotech. Manageable leverage reduces interest burden and bankruptcy risk, enabling the company to prioritize R&D and clinical programs without large fixed financing costs over the next 2–6 months.
Healthy equity financing mix
A relatively strong equity base lessens solvency pressure and supports longer cash runways versus highly leveraged peers. For a loss-making developer, equity-financed assets reduce near-term liquidity strain and ease the ability to raise additional capital through equity issuances if needed.
Specialized therapeutic focus
Concentration on psychedelic and cannabinoid therapies targets persistent unmet needs in mental health. This specialized niche and proprietary tech can create sustainable competitive advantages through differentiated clinical pipelines and potential licensing or partnership opportunities over the medium term.
Negative Factors
Declining revenue
A material year-over-year revenue decline signals weakening commercial traction or transitional product mix. For a developer reliant on trial progress and product sales, shrinking top-line reduces internal funding for R&D and increases reliance on external financing, pressuring strategic options.
Negative operating and free cash flow
Persistent negative operating and free cash flows indicate ongoing cash burn that undermines runway. Without improving cash generation or new funding, the company may need dilutive equity or debt, which can impair long-term R&D continuity and strategic execution for clinical programs.
Persistent negative margins
Negative gross and operating margins reflect structural unprofitability rather than short-term variability. Continued lack of margin recovery impairs return on invested capital and suggests the company must materially scale revenue or improve cost structure to achieve sustainable profitability over the medium term.

Emyria Ltd (EMD) vs. iShares MSCI Australia ETF (EWA)

Emyria Ltd Business Overview & Revenue Model

Company DescriptionEmyria Limited, a clinical-stage biotech company, engages in the development of treatments for unmet medical needs. The company develops cannabinoid-based medicines, as well as MDMA drug discovery program. Its drug development program includes EMD-RX5 for treatment of psychological distress and irritable bowel syndrome; and EMD-RX7 for multiple medical conditions. The company was formerly known as Emerald Clinics Limited and changed its name to Emyria Limited in September 2020. Emyria Limited was founded in 2018 and is headquartered in Leederville, Australia.
How the Company Makes MoneyEmyria generates revenue primarily through the development and commercialization of its therapeutic products, which include psychedelic and cannabinoid-based treatments. The company engages in clinical trials and research partnerships, which can lead to funding from grants or collaborations with other pharmaceutical firms. Additionally, Emyria may monetize its intellectual property through licensing agreements. Key revenue streams include sales of approved therapies, clinical trial services, and collaborations with healthcare providers and research institutions that focus on the mental health sector.

Emyria Ltd Financial Statement Overview

Summary
Emyria Ltd is facing substantial financial challenges, with declining revenues, negative profit margins, and cash flow deficits. While the balance sheet shows some stability with low leverage, the company needs to address its profitability and cash flow issues to improve its financial health and sustainability.
Income Statement
Emyria Ltd has faced significant challenges in its income statement, with declining revenues and negative profit margins. The company experienced a revenue decline of 21.26% in the most recent year, and both gross and net profit margins are negative, indicating ongoing operational difficulties. The EBIT and EBITDA margins are also negative, reflecting poor profitability and efficiency.
Balance Sheet
The balance sheet shows a moderate level of stability with a debt-to-equity ratio of 0.12, indicating manageable leverage. However, the return on equity is negative, suggesting that the company is not generating sufficient returns on shareholders' investments. The equity ratio is relatively healthy, showing that a significant portion of the company's assets is financed by equity.
Cash Flow
Cash flow analysis reveals significant challenges, with negative operating and free cash flows. Despite a high free cash flow growth rate of 179.21%, the company is still experiencing cash flow deficits, which could impact its ability to sustain operations without additional financing. The operating cash flow to net income ratio is negative, indicating inefficiencies in converting income into cash.
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue1.39M1.39M2.20M1.59M1.82M1.98M
Gross Profit24.48K24.48K-167.55K-3.32M-4.41M-1.58M
EBITDA-2.39M-2.39M-13.03M-6.69M-8.03M-4.49M
Net Income-3.14M-3.14M-11.46M-5.13M-7.33M-4.91M
Balance Sheet
Total Assets6.62M6.62M5.43M10.16M8.25M9.06M
Cash, Cash Equivalents and Short-Term Investments3.57M3.57M1.57M2.73M3.88M6.53M
Total Debt613.50K613.50K1.72M1.27M632.70K949.70K
Total Liabilities1.31M1.31M3.00M3.37M1.93M1.88M
Stockholders Equity5.31M5.31M2.43M6.79M6.32M7.18M
Cash Flow
Free Cash Flow-2.72M-2.72M-4.44M-7.01M-7.46M-4.60M
Operating Cash Flow-2.70M-2.70M-4.28M-3.77M-5.43M-3.94M
Investing Cash Flow81.07K81.07K-1.38M-3.23M-2.03M-661.39K
Financing Cash Flow4.63M4.63M4.50M5.86M4.81M7.44M

Emyria Ltd Technical Analysis

Technical Analysis Sentiment
Positive
Last Price0.06
Price Trends
50DMA
0.06
Positive
100DMA
0.06
Positive
200DMA
0.04
Positive
Market Momentum
MACD
<0.01
Negative
RSI
57.83
Neutral
STOCH
86.67
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:EMD, the sentiment is Positive. The current price of 0.06 is above the 20-day moving average (MA) of 0.05, above the 50-day MA of 0.06, and above the 200-day MA of 0.04, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 57.83 is Neutral, neither overbought nor oversold. The STOCH value of 86.67 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:EMD.

Emyria Ltd Peers Comparison

Overall Rating
UnderperformOutperform
Sector (51)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
59
Neutral
AU$21.62M-4.65-27.84%6.77%-8.45%
52
Neutral
AU$21.84M-12.11-17.05%28.91%-1050.00%
51
Neutral
$7.86B-0.30-43.30%2.27%22.53%-2.21%
49
Neutral
AU$49.06M-8.71-81.30%-36.68%79.41%
43
Neutral
AU$78.49M-11.01
42
Neutral
AU$59.04M-6.45-8647.54%25.98%22.10%
* Healthcare Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:EMD
Emyria Ltd
0.06
0.03
79.41%
AU:RHT
Resonance Health Ltd
0.05
>-0.01
-8.00%
AU:SHG
Singular Health Group Ltd
0.25
0.04
16.28%
AU:IME
ImExHS Limited
0.40
0.04
11.11%
AU:PCK
PainChek Ltd
0.28
0.01
4.44%

Emyria Ltd Corporate Events

Emyria Seeks ASX Quotation for Additional Ordinary Shares
Jan 9, 2026

Emyria Limited has applied to the ASX for quotation of 23,595 new ordinary fully paid shares under the code EMD, with an issue date of 9 January 2026. The additional securities, resulting from the exercise or conversion of existing options or other convertible securities, represent a modest capital expansion and incremental increase in Emyria’s free float, offering slightly enhanced liquidity for shareholders without materially altering the company’s capital structure.

The most recent analyst rating on (AU:EMD) stock is a Hold with a A$0.05 price target. To see the full list of analyst forecasts on Emyria Ltd stock, see the AU:EMD Stock Forecast page.

Emyria Options Lapse Reduces Potential Future Equity Overhang
Dec 30, 2025

Emyria Ltd has notified the ASX that a series of listed options (EMDAS), exercisable at $0.35 and due to expire on 22 November 2025, have lapsed. The lapse of 10,333,328 options, due to conditions not being satisfied, reduces the company’s pool of potential future equity from these instruments but does not affect its existing issued capital, providing investors with updated clarity on its capital structure.

The most recent analyst rating on (AU:EMD) stock is a Hold with a A$0.05 price target. To see the full list of analyst forecasts on Emyria Ltd stock, see the AU:EMD Stock Forecast page.

Emyria Issues New Shares on Option Exercise and Lodges Cleansing Notice
Dec 19, 2025

Emyria Limited has issued 82,785 new fully paid ordinary shares at $0.05 per share following the exercise of an equal number of options exercisable at the same price before March 2027. The company has lodged a cleansing notice under section 708A(5)(e) of the Corporations Act, confirming the shares were issued without a prospectus and that it is in compliance with its continuous disclosure and reporting obligations, enabling the new shares to be traded immediately on the ASX.

The most recent analyst rating on (AU:EMD) stock is a Hold with a A$0.05 price target. To see the full list of analyst forecasts on Emyria Ltd stock, see the AU:EMD Stock Forecast page.

Emyria Seeks ASX Quotation for 82,785 New Ordinary Shares
Dec 19, 2025

Emyria Ltd has applied to the ASX for quotation of 82,785 new fully paid ordinary shares under the code EMD. The additional securities, issued following the exercise or conversion of existing options or other convertible instruments, will modestly increase the company’s free float and share capital, providing incremental flexibility for existing holders and marginally broadening its investor base.

The most recent analyst rating on (AU:EMD) stock is a Hold with a A$0.05 price target. To see the full list of analyst forecasts on Emyria Ltd stock, see the AU:EMD Stock Forecast page.

Emyria Issues 10 Million Unlisted Options at $0.12 Exercise Price
Dec 19, 2025

Emyria Ltd has issued 10 million unlisted options exercisable at $0.12 each, expiring on 27 November 2027, as part of previously announced transactions. The options, which will not be quoted on the ASX, represent a fresh tranche of unquoted equity that may provide additional capital to the company if exercised, potentially affecting its capital structure and dilution profile for existing shareholders over the medium term.

The most recent analyst rating on (AU:EMD) stock is a Hold with a A$0.05 price target. To see the full list of analyst forecasts on Emyria Ltd stock, see the AU:EMD Stock Forecast page.

Emyria Expands National Clinic Platform with First Victorian Empax Clinic
Dec 15, 2025

Emyria has secured its first Victorian Empax clinic at the Mornington Peninsula, marking a significant milestone in its East Coast expansion and national clinic platform development. This expansion demonstrates Emyria’s ability to deploy its Empax clinic model consistently across jurisdictions using a capital-light, hospital-integrated framework, and active reimbursement pathways, thereby reducing execution risks and supporting revenue growth as new sites come online.

The most recent analyst rating on (AU:EMD) stock is a Hold with a A$0.05 price target. To see the full list of analyst forecasts on Emyria Ltd stock, see the AU:EMD Stock Forecast page.

Emyria Expands Perth Operations to Drive National Clinical Growth
Dec 10, 2025

Emyria Ltd has announced significant progress in its Perth Clinic network, anticipating increased reimbursed clinical activity in 2026. The company has expanded its clinical capacity, with new treatment rooms and increased therapist numbers, to meet growing demand. The Perth model is set to serve as a scalable template for national expansion, particularly on the East Coast. The company is also enhancing its operations in Brisbane, with the successful onboarding of new clinical teams and the completion of initial treatments, positioning itself for substantial clinical and operational growth throughout 2026.

The most recent analyst rating on (AU:EMD) stock is a Hold with a A$0.05 price target. To see the full list of analyst forecasts on Emyria Ltd stock, see the AU:EMD Stock Forecast page.

Emyria Ltd Announces Quotation of New Securities on ASX
Dec 5, 2025

Emyria Ltd has announced the application for the quotation of 76,443 fully paid ordinary securities on the Australian Securities Exchange (ASX). This move is part of the company’s strategic efforts to enhance its financial positioning and operational capabilities, potentially impacting its market presence and stakeholder interests.

The most recent analyst rating on (AU:EMD) stock is a Hold with a A$0.05 price target. To see the full list of analyst forecasts on Emyria Ltd stock, see the AU:EMD Stock Forecast page.

Emyria Limited Raises $8 Million Through Share Issuance
Nov 28, 2025

Emyria Limited has announced the issuance of 133,333,334 new fully paid ordinary shares at an issue price of $0.06 per share, raising $8 million before costs. This capital raise allows the shares to be traded immediately under the exemption of section 708A(5) of the Corporations Act 2001, enhancing liquidity and potentially impacting the company’s market position.

The most recent analyst rating on (AU:EMD) stock is a Hold with a A$0.06 price target. To see the full list of analyst forecasts on Emyria Ltd stock, see the AU:EMD Stock Forecast page.

Emyria Ltd Announces Quotation of New Securities on ASX
Nov 28, 2025

Emyria Ltd has announced the quotation of 217,725 ordinary fully paid securities on the Australian Securities Exchange (ASX) as of November 28, 2025. This move is part of the company’s strategy to enhance its financial flexibility and operational capacity, potentially strengthening its position in the healthcare market and offering new opportunities for stakeholders.

The most recent analyst rating on (AU:EMD) stock is a Hold with a A$0.06 price target. To see the full list of analyst forecasts on Emyria Ltd stock, see the AU:EMD Stock Forecast page.

Emyria Ltd Announces Quotation of New Securities on ASX
Nov 28, 2025

Emyria Ltd has announced the quotation of 133,333,334 fully paid ordinary securities on the Australian Securities Exchange (ASX) under the code EMD, effective from November 28, 2025. This move follows previous transactions and is part of the company’s strategic efforts to enhance its market presence and liquidity, potentially impacting its operational dynamics and offering new opportunities for stakeholders.

The most recent analyst rating on (AU:EMD) stock is a Hold with a A$0.06 price target. To see the full list of analyst forecasts on Emyria Ltd stock, see the AU:EMD Stock Forecast page.

Emyria Limited Issues New Shares Under Corporations Act Exemption
Nov 21, 2025

Emyria Limited has announced the issuance of 916,667 new fully paid ordinary shares at an issue price of $0.05 per share following the exercise of options. This issuance allows the shares to be traded immediately under the exemption provided by section 708A(5) of the Corporations Act 2001, indicating compliance with relevant legal provisions and facilitating liquidity for stakeholders.

Emyria Ltd Announces Quotation of New Securities on ASX
Nov 21, 2025

Emyria Ltd has announced the quotation of 1,388,316 fully paid ordinary securities on the Australian Securities Exchange (ASX) as of November 21, 2025. This development is part of the company’s strategy to enhance its market presence and potentially increase its capital base, which could have significant implications for its stakeholders and industry positioning.

Emyria Ltd Announces Proposed Securities Issue to Boost Capital
Nov 20, 2025

Emyria Ltd has announced a proposed issue of securities, including 10 million unlisted options and over 133 million ordinary fully paid shares. This move is part of a placement or other type of issue, with the proposed issue date set for November 28, 2025. The issuance is expected to enhance the company’s capital structure, potentially impacting its market positioning and providing opportunities for growth and expansion.

Emyria Expands Nationally with New Victorian Clinic and Institutional Support
Nov 20, 2025

Emyria Limited has announced a significant expansion of its national presence by exercising an option to establish its first Empax Clinic in Victoria, marking a major milestone in its East Coast expansion. The company has secured exclusive rights to roll out Empax clinics across Avive Health’s network, enhancing its ability to provide intensive mental-health services nationwide. This expansion is supported by a successful $8 million institutional placement, which will accelerate the development of new sites and expand the clinical workforce. Additionally, Emyria has commenced revenue generation at its Brisbane clinic and has received support from the Department of Veterans’ Affairs for medication-assisted therapy, establishing a dual reimbursement pathway with private insurers.

Emyria Ltd Announces Quotation of New Securities on ASX
Nov 14, 2025

Emyria Ltd has announced the quotation of 730,114 fully paid ordinary securities on the Australian Securities Exchange (ASX) under the code EMD. This move is part of the company’s strategy to enhance its market presence and provide more liquidity for its shareholders, potentially impacting its operational capacity and investor relations positively.

Emyria Limited Successfully Passes All AGM Resolutions
Nov 13, 2025

Emyria Limited announced that all resolutions presented at their Annual General Meeting were successfully carried by a poll. The resolutions included matters such as the remuneration report, election of a director, and approval of a 10% placement facility, among others. This outcome reflects strong shareholder support and may positively impact the company’s governance and strategic initiatives.

Emyria Ltd Announces Quotation of New Securities on ASX
Nov 7, 2025

Emyria Ltd has announced the quotation of 322,976 ordinary fully paid securities on the Australian Securities Exchange (ASX) as of November 7, 2025. This move is part of the company’s strategy to enhance its financial flexibility and support its growth initiatives, potentially impacting its market positioning and providing new opportunities for stakeholders.

Emyria Ltd Announces Cessation of 300,000 Securities
Nov 7, 2025

Emyria Ltd has announced the cessation of 300,000 securities due to the expiry of options that were not exercised or converted by November 1, 2025. This development may affect the company’s capital structure and could have implications for its stakeholders, as it reflects changes in the company’s financial instruments.

Emyria Expands Insurer-Funded Mental Health Programs Nationwide
Oct 27, 2025

Emyria Limited has reported significant growth in revenue and operational expansion in its quarterly activity report for September 2025. The company has expanded its agreement with Medibank to include insurer-funded access to its mental health treatment programs for PTSD and TRD in both Perth and Brisbane. This expansion marks the first national rollout of insured mental health treatment programs in Australia, demonstrating strong insurer confidence in Emyria’s care model. The company has also increased its workforce and treatment capacity to support growing demand, with plans to commence patient dosing in Brisbane by late Q4 2025. Emyria’s strategic partnerships and scalable model position it as a leader in evidence-based mental health care, with ongoing commercial momentum and broader national rollout plans.

Emyria Ltd Announces Quotation of New Securities on ASX
Oct 26, 2025

Emyria Ltd has announced the quotation of 278,113 fully paid ordinary securities on the Australian Securities Exchange (ASX), following the exercise of options or conversion of other convertible securities. This move is expected to enhance the company’s financial flexibility and market presence, potentially impacting its operations and positioning within the healthcare sector.

Emyria Limited Issues New Shares to Enhance Liquidity
Oct 17, 2025

Emyria Limited has announced the issuance of 845,979 new fully paid ordinary shares at an issue price of $0.05 per share, following the exercise of options. This move allows the shares to be traded immediately under the exemption provided by section 708A(5) of the Corporations Act 2001, enhancing liquidity and potentially strengthening the company’s financial position. The announcement signifies Emyria’s compliance with relevant legal provisions, ensuring transparency and adherence to corporate governance standards.

Emyria Ltd Expands Capital with New ASX Quotation
Oct 17, 2025

Emyria Ltd has announced the quotation of 2,524,780 fully paid ordinary securities on the Australian Securities Exchange (ASX), effective from October 17, 2025. This move signifies a strategic step for Emyria in expanding its capital base, potentially enhancing its market position and providing additional resources to further its healthcare initiatives.

Emyria Expands Mental Health Services to Brisbane with Medibank Partnership
Oct 14, 2025

Emyria Limited has announced a significant expansion of its services with a new funding agreement from Medibank Private Ltd. This agreement will allow eligible patients to access Emyria’s mental health programs for TRD and PTSD at the new Empax Clinic in Brisbane, marking the company’s first insurer-backed services on Australia’s East Coast. This expansion is part of Emyria’s national growth strategy to address the mental health burden in Australia by providing affordable and coordinated treatment options. The collaboration with Medibank is expected to reduce financial barriers for patients and demonstrates the scalability of Emyria’s care model, positioning the company as a leader in evidence-based mental health care.

Emyria Ltd Advances in Psychedelic-Assisted Therapy for Mental Health
Oct 14, 2025

Emyria Ltd has announced its involvement in addressing Australia’s mental health crisis through the development of advanced therapies, including the use of MDMA and psilocybin in psychedelic-assisted psychotherapy. While these treatments show promise, they are subject to clinical trials to ensure safety and efficacy, and currently, no approved products exist. The announcement highlights Emyria’s commitment to innovative mental health solutions, although it also underscores the risks and uncertainties inherent in developing such treatments.

Emyria to Present Strategic Outlook in Upcoming Investor Webinar
Oct 12, 2025

Emyria Limited announced its participation in a live investor webinar hosted by Sharewise, where key executives will discuss the company’s latest developments and strategic outlook. The webinar will cover Emyria’s unique positioning in delivering evidence-based treatments, national expansion plans, and growth strategy, providing stakeholders with insights into the company’s future directions.

Emyria Ltd Announces Quotation of New Securities on ASX
Oct 10, 2025

Emyria Ltd has announced the quotation of 112,610 ordinary fully paid securities on the ASX, effective October 10, 2025. This move signifies the company’s strategic efforts to enhance its capital structure and potentially increase its market presence, which could have implications for its stakeholders and industry positioning.

Emyria Ltd’s Mission-Driven Impact on Mental Health
Oct 10, 2025

Emyria Ltd, a company listed on the ASX under the ticker EMD, is making significant strides in addressing serious mental illnesses. The company’s efforts are positively impacting the lives of patients and their communities, as highlighted by Executive Chairman Greg Hutchinson. This mission-driven approach underscores Emyria’s commitment to improving mental health outcomes.

Emyria Releases 2025 Corporate Governance Statement
Oct 10, 2025

Emyria Limited has released its corporate governance statement for the financial year ending June 30, 2025, which is available on their website. The statement confirms the company’s adherence to the ASX Corporate Governance Council’s principles and recommendations, indicating a commitment to transparency and accountability in its management and oversight practices.

Emyria Ltd Announces Upcoming Annual General Meeting
Oct 10, 2025

Emyria Ltd has announced its upcoming Annual General Meeting (AGM) for shareholders, scheduled for November 13, 2025, in West Perth, Australia. The company has opted for electronic distribution of the meeting materials, encouraging shareholders to vote by proxy if unable to attend in person. This move reflects a modern approach to shareholder engagement, potentially enhancing participation and operational efficiency.

Emyria Ltd Announces 2025 Annual General Meeting
Oct 10, 2025

Emyria Ltd has announced its Annual General Meeting (AGM) scheduled for November 13, 2025, at Stantons International in West Perth, Australia. The AGM will address the company’s annual report and include resolutions on the remuneration report and the election of Dr. Michael Winlo as a director. Shareholders are encouraged to participate and vote, with the meeting set to discuss key governance and strategic decisions impacting the company’s future direction.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Jan 10, 2026