OBAI (Our Bond) Net-Net Working Capital: $-0.77 (As of Mar. 2026)

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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

OBAI Our Bond Inc OBAI
4 GF Score
Price $0.45
! 3 Warning Signs
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What is Our Bond Net-Net Working Capital?

Our Bond OBAI -5.15% 4 Net-Net Working Capital is $-0.77 as of Mar. 2026. GuruFocus rates OBAI with a GF Score™ of 4/100. The stock has 3 warning signs investors should review. Among 1,260 Software companies, Our Bond ranks worse than 79365% on this metric.

In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. This is a conservative way of estimating the company's value.

Our Bond's Net-Net Working Capital for the quarter that ended in Mar. 2026 was $-0.77.

The industry rank for Our Bond's Net-Net Working Capital or its related term are showing as below:

OBAI's Price-to-Net-Net-Working-Capital is not ranked *
in the Software industry.
Industry Median: 6.8
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Our Bond  (NAS:OBAI) Net-Net Working Capital Explanation

One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Graham's strategy produced similar results.

Benjamin Graham looked for companies whose market values were less than two-thirds of their net-net value. They are collected under our Net-Net screener.


Our Bond Net-Net Working Capital Related Terms


Our Bond Net-Net Working Capital Historical Data

* Premium members only.

The historical data trend for Our Bond's Net-Net Working Capital can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Our Bond Net-Net Working Capital Chart

Our Bond Annual Data
Trend Dec23 Dec24 Dec25
Net-Net Working Capital
-1.06 -1.27 -1.69

Our Bond Quarterly Data
Dec23 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Net-Net Working Capital Get a 7-Day Free Trial 0.00 -1.37 -1.49 -1.69 -0.77

OBAI vs APCX, YQAI, CISO: Net-Net Working Capital Comparison

For the Software - Infrastructure subindustry, Our Bond's Price-to-Net-Net-Working-Capital, along with its competitors' market caps and Price-to-Net-Net-Working-Capital data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Our Bond Price-to-Net-Net-Working-Capital vs Software Industry

For the Software industry and Technology sector, Our Bond's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Our Bond's Price-to-Net-Net-Working-Capital falls into.


OBAI
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Our Bond Inc OBAI
Net-Net Working Capital is just one metric. See GF Score™, valuation, warning signs, and more.
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Our Bond Net-Net Working Capital Calculation

Our Bond's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2025 is calculated as

Net-Net Working Capital(A: Dec. 2025 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0.599+0.75 * 1.592+0.5 * 0-13.775
-11.392-0)/13.861
=-1.69

Our Bond's Net-Net Working Capital (NNWC) per share for the quarter that ended in Mar. 2026 is calculated as

Net-Net Working Capital(Q: Mar. 2026 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(3.758+0.75 * 1.704+0.5 * 0-16.131
-4.739-0)/20.673
=-0.77

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full.

In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. In "Security Analysis", preferred stock is dubbed "an imperfect creditorship position" that is best placed on the balance sheet alongside funded debt.

This is a conservative way of estimating the company's value.

What does a Net-Net Working Capital of $-0.77 mean?
Our Bond (OBAI) has a Net-Net Working Capital of $-0.77 as of Mar. 2026. Ben Graham defined net-net working capital as the per-share sum of cash, 75% of receivables and 50% of inventory less total liabilities. View historical data on Our Bond According to the industry distribution chart, Our Bond ranks #999999 out of 1260 companies in the Software industry.
Is Our Bond's Net-Net Working Capital too high?
Our Bond's current Net-Net Working Capital is $-0.77. Based on the distribution chart, Our Bond ranks #999999 out of 1260 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Our Bond has a GF Score™ of 4/100, reflecting its overall financial health beyond just this single metric.
How does Our Bond's Net-Net Working Capital compare to APCX and YQAI?
According to the Software industry distribution chart, Our Bond ranks #999999 out of 1260 companies for Net-Net Working Capital. This places Our Bond in the lower half of its industry. The industry median Net-Net Working Capital is 6.80. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net-Net Working Capital for a Software company?
The median Net-Net Working Capital among Software companies is 6.80, based on 1,260 companies in the industry. Companies in the top quartile (top 25%) have a Net-Net Working Capital significantly above this median, while those in the bottom quartile fall well below. However, Net-Net Working Capital should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net-Net Working Capital mean?
A high Net-Net Working Capital can signal that a stock is expensive relative to its fundamentals. Ben Graham defined net-net working capital as the per-share sum of cash, 75% of receivables and 50% of inventory less total liabilities. View historical data on Our Bond For the Software industry, the median Net-Net Working Capital is 6.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Our Bond's current Net-Net Working Capital is $-0.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Our Bond stock overvalued right now?
Our Bond (OBAI) has a current Net-Net Working Capital of $-0.77. The current Net-Net Working Capital is $-0.77. Our Bond's overall GF Score™ is 4/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net-Net Working Capital calculated?
Net-Net Working Capital is calculated from a company's financial statements. For Our Bond (OBAI), the current Net-Net Working Capital is $-0.77 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Our Bond Business Description

Address 85 Broad Street, New York, NY, USA, 10004
Our Bond Inc is a personal security service through its AI-powered Preventive Personal Security platform. It is trusted by corporations, cities, and universities, and has already supported many security service requests, emergencies and life-saving interventions. The cloud-based Bond Preventative Personal Security Platform provides users with remote protective services via phone app (using its Bond Preventative Personal Security Platform) and with 24/7 support from its Personal Security Agents, who are in Bond Command Centers and can respond rapidly. It offers distinct services through its phone app (the Bond App) and fully automated Bond Command Centers. Geographically, the company operates in Israel, France, and United States. It derives maximum revenue from United States.
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