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Top 10 Debt-Free Stocks Under $20 in the US — Top 100 List

Of the 2,071 companies priced under $20 in the US on PositoAI, 469 report no debt (banks and lenders left out). First on the list is Dogwood Therapeutics, Inc. (Positivity Score 27,827). 449 of them have lease obligations (offices, buildings and similar) but no borrowings; the rest have neither. 1 of the top 10 has an active red or yellow flag.

A low share price does not make a stock cheap: what matters is the company's value compared with its earnings and assets (P/E, P/B). Very low-priced stocks are often small, thinly traded and more volatile. Prices are the last close from the latest weekly refresh.

Positivity ScoreHigh dividendDebt freeLow debtLow PEBelow book valueHigh ROEHigh ROE + low PENo red flagsNo red or yellow flagsFundamentally strongNear 52-week lowNear 52-week highHigh score near 52-week lowHigh score near 52-week high
#Company Score Price
(INR / USD)
Market Cap
(INR Cr) / USD
P/E P/B Owes vs
Owns
Leases ROE Div
Yield
FlagSector
1 Dogwood Therapeutics, Inc.DWTX 27,827 ₹105.72$1.12 ₹359$38.07M 0.5 0.56 0.15× $0M -47.8% 0 — Healthcare
2 Tigo Energy, Inc.TYGO 26,077 ₹87.42$0.93 ₹671$71.10M 5.4 1.59 0.43× $3M 43.1% 0 — Technology
3 Onconetix, Inc.ONCO 25,902 ₹38.40$0.41 ₹20$2.13M 0.0 0.16 0.18× $0M -105.2% 0 — Healthcare
4 Revelation Biosciences, Inc.REVB 25,780 ₹347.36$3.68 ₹19$2.09M 0.1 0.21 0.19× $1M -154.8% 0 — Healthcare
5 Vyome Holdings, Inc.HIND 25,696 ₹169.90$1.80 ₹119$12.63M 1.0 2.09 0.20× $0M -999.2% 0 — Healthcare
6 Verde Clean Fuels, Inc.VGAS 25,250 ₹93.71$0.99 ₹417$44.23M Loss 1.53 0.04× $0M -21.9% 0 — Utilities
7 cbdMD, Inc.YCBD 25,147 ₹35.19$0.37 ₹39$4.18M 1.6 0.51 0.38× $1M -40.3% 0 — Healthcare
8 eGain CorporationEGAN 25,049 ₹534.25$5.66 ₹1,398$148.13M 17.7 1.76 0.43× $3M 10.8% 0 — Technology
9 Q/C Technologies, Inc.QCLS 25,022 ₹50.02$0.53 ₹40$4.34M 0.2 0.27 0.30× None -108.0% 0 ⚑ Technology
10 Aptevo Therapeutics Inc.APVO 24,945 ₹151.97$1.61 ₹27$2.91M 0.0 0.48 0.58× $5M -420.3% 0 — Healthcare

Top 20

11 Mexco Energy CorporationMXC 24,917 ₹911.82$9.66 ₹186$19.76M 12.9 0.97 0.08× $0M 8.0% 1.02% — Energy
12 Core AI HoldingsCHAI 24,773 ₹17.53$0.19 ₹45$4.80M Loss 1.98 0.90× $0M -120.2% 0 — Communication Services
13 Organogenesis Holdings Inc.ORGO 24,591 ₹97.22$1.03 ₹1,251$132.53M Loss 0.46 0.29× $82M -25.9% 0 — Healthcare
14 Coda Octopus Group, Inc.CODA 24,561 ₹860.84$9.12 ₹971$102.90M 20.3 1.64 0.09× $0M 8.4% 0 — Industrials
15 PodcastOne, Inc.PODC 24,549 ₹154.80$1.64 ₹468$49.61M Loss 2.06 0.37× $0M -16.2% 0 — Communication Services
16 VIDA Global Inc.VIDA 24,451 ₹103.36$1.09 ₹150$15.97M Loss 0.92 0.05× None — 0 — Technology
17 MapLight Therapeutics, Inc.MPLT 24,402 ₹778.72$8.25 ₹4,327$458.50M Loss 1.32 0.05× $6M -111.5% 0 — Healthcare
18 X-Energy, Inc.XE 24,365 ₹1,003.37$10.63 ₹40,773$4.32B Loss 2.38 0.07× $21M — 0 — Industrials
19 Mastech Digital, Inc.MHH 24,358 ₹594.66$6.30 ₹714$75.68M 37.1 0.82 0.16× $2M 2.3% 0 ⚑ Industrials
20 Niagen Bioscience, Inc.NAGE 24,344 ₹237.86$2.52 ₹1,882$199.40M 13.3 2.42 0.23× $3M 21.8% 0 — Consumer Defensive

Top 50

21 NET Power Inc.NPWR 24,305 ₹88.53$0.94 ₹783$82.99M Loss 0.99 0.08× $4M -142.0% 0 — Industrials
22 AleAnna, Inc.ANNA 24,297 ₹223.71$2.37 ₹915$97.03M 12.5 2.40 0.39× $2M 21.6% 0 — Energy
23 Spero Therapeutics, Inc.SPRO 24,273 ₹106.66$1.13 ₹621$65.81M 8.1 1.49 0.16× $3M 19.2% 0 — Healthcare
24 Jet.AI Inc.JTAI 24,260 ₹101.94$1.08 ₹36$3.84M 0.0 0.10 0.05× $0M 20.2% 0 ⚑ Technology
25 WEBTOON Entertainment Inc.WBTN 24,239 ₹896.71$9.50 ₹12,169$1.29B Loss 1.11 0.23× $24M -26.3% 0 — Communication Services
26 Emerson Radio Corp.MSN 24,233 ₹30.50$0.32 ₹64$6.80M Loss 0.41 0.09× $0M -20.1% 0 ⚑ Technology
27 WhiteFiber, Inc.WYFI 24,147 ₹995.82$10.55 ₹3,868$409.85M Loss 1.21 0.62× $23M -13.7% 0 — Technology
28 Moleculin Biotech, Inc.MBRX 24,109 ₹555.96$5.89 ₹56$6.00M 0.0 0.52 0.45× $0M -1371.6% 0 ⚑ Healthcare
29 MultiSensor AI Holdings, Inc.MSAI 24,045 ₹369.07$3.91 ₹81$8.62M Loss 0.30 0.15× None -46.5% 0 — Technology
30 Swarmer, IncSWMR 24,043 ₹839.13$8.89 ₹1,199$127.07M Loss 4.07 0.08× $0M — 0 — Technology
31 AIB Data Centers Inc.AIB 24,033 ₹99.11$1.05 ₹753$79.78M Loss 0.97 0.09× $0M -9.8% 0 ⚑ Technology
32 Curis, Inc.CRIS 23,965 ₹38.22$0.40 ₹9$981,914 0.3 0.21 0.75× $2M — 0 ⚑ Healthcare
33 Bakkt, Inc.BKKT 23,843 ₹494.61$5.24 ₹2,229$236.16M Loss 0.67 0.12× $1M -10.2% 0 ⚑ Technology
34 Upstream Bio, Inc.UPB 23,841 ₹282.23$2.99 ₹1,545$163.77M Loss 0.60 0.04× $1M -46.0% 0 — Healthcare
35 EyePoint, Inc.EYPT 23,787 ₹40.41$0.43 ₹338$35.89M Loss 0.22 0.27× $21M -148.7% 0 — Healthcare
36 Lyell Immunopharma, Inc.LYEL 23,758 ₹885.39$9.38 ₹2,169$229.86M Loss 0.98 0.25× $51M -93.3% 0 — Healthcare
37 Sunshine Biopharma, Inc.SBFM 23,752 ₹15.76$0.17 ₹23$2.47M Loss 0.09 0.18× $1M -21.9% 0 ⚑ Healthcare
38 BridgeBio Oncology Therapeutics, Inc.BBOT 23,725 ₹269.01$2.85 ₹2,156$228.50M Loss 0.71 0.14× $3M -81.9% 0 — Healthcare
39 Tron Inc.TRON 23,718 ₹141.59$1.50 ₹6,716$711.57M Loss 2.81 0.01× $1M 3.8% 0 — Consumer Cyclical
40 Astrotech CorporationASTC 23,642 ₹477.62$5.06 ₹100$10.63M Loss 0.87 0.25× $3M -75.4% 0 — Technology
41 Bluejay Diagnostics, Inc.BJDX 23,624 ₹59.35$0.63 ₹26$2.81M Loss 0.30 0.18× $0M -98.9% 0 — Healthcare
42 Sionna Therapeutics, Inc.SION 23,615 ₹358.69$3.80 ₹1,619$171.57M Loss 0.65 0.06× $9M -32.3% 0 — Healthcare
43 Aqua Metals, Inc.AQMS 23,603 ₹140.64$1.49 ₹50$5.31M Loss 0.56 0.24× $1M -218.4% 0 — Industrials
44 High Roller Technologies, Inc.ROLR 23,566 ₹477.62$5.06 ₹526$55.81M Loss 1.88 0.19× $1M 1.5% 0 ⚑ Consumer Cyclical
45 Zumiez Inc.ZUMZ 23,526 ₹1,356.40$14.37 ₹2,079$220.30M 20.8 0.79 0.56× $199M 4.5% 0 — Consumer Cyclical
46 The Trade Desk, Inc.TTD 23,517 ₹1,242.18$13.16 ₹58,729$6.22B 15.9 2.42 0.55× $436M 15.4% 0 — Communication Services
47 Aware, Inc.AWRE 23,483 ₹82.16$0.87 ₹179$18.99M Loss 0.83 0.31× $4M -35.0% 0 — Technology
48 CPS Technologies CorporationCPSH 23,464 ₹332.26$3.52 ₹640$67.82M — 2.02 0.12× $0M -0.1% 0 — Technology
49 Comstock Holding Companies, Inc.CHCI 23,437 ₹1,632.02$17.29 ₹1,678$177.77M 7.4 2.19 0.12× $5M 36.4% 0 — Real Estate
50 Compass Therapeutics, Inc.CMPX 23,422 ₹75.65$0.80 ₹1,362$144.34M Loss 0.87 0.13× $10M -56.7% 0 — Healthcare

Top 100

51 LENZ Therapeutics, Inc.LENZ 23,376 ₹306.77$3.25 ₹963$102.12M Loss 0.47 0.07× $1M -59.2% 0 — Healthcare
52 Tvardi Therapeutics, Inc.TVRD 23,329 ₹91.77$0.97 ₹122$12.97M Loss 1.55 0.52× $0M -126.2% 0 — Healthcare
53 Terrestrial Energy Inc.IMSR 23,323 ₹269.96$2.86 ₹2,859$302.97M Loss 1.08 0.03× $2M -27.4% 0 ⚑ Utilities
54 Connect Biopharma Holdings LimitedCNTB 23,300 ₹71.94$0.76 ₹453$47.99M Loss 1.79 0.38× $1M -140.5% 0 — Healthcare
55 AirJoule Technologies CorporationAIRJ 23,267 ₹277.51$2.94 ₹2,035$215.64M Loss 0.87 0.19× $0M -31.6% 0 — Industrials
56 Hudson Technologies, Inc.HDSN 23,261 ₹505.93$5.36 ₹2,129$225.59M 26.8 0.93 0.24× $5M 3.6% 0 — Basic Materials
57 Educational Development CorporationEDUC 23,253 ₹96.28$1.02 ₹82$8.70M 5.1 0.21 0.22× $7M 4.4% 0 — Communication Services
58 Shoe Station Group Inc.SHOE 23,225 ₹1,342.24$14.22 ₹3,648$386.55M 16.2 0.57 0.42× $371M 3.6% 5.14% — Consumer Cyclical
59 Natural Health Trends Corp.NHTC 23,185 ₹78.92$0.84 ₹67$7.17M Loss 0.47 0.48× $2M -7.4% 47.23% — Consumer Cyclical
60 Lisata Therapeutics, Inc.LSTA 23,173 ₹94.86$1.01 ₹102$10.86M Loss 1.32 0.28× None -101.7% 0 — Healthcare
61 Nature's Sunshine Products, Inc.NATR 23,151 ₹1,171.39$12.41 ₹2,061$218.36M 12.3 1.29 0.35× $19M 11.2% 0 — Consumer Defensive
62 AXIL Brands, Inc.AXIL 23,146 ₹544.63$5.77 ₹371$39.37M 17.0 3.00 0.27× $0M 23.1% 0 — Technology
63 Marten Transport, Ltd.MRTN 23,106 ₹1,161.01$12.30 ₹9,480$1.00B 82.0 1.31 0.20× $0M 1.6% 1.90% — Industrials
64 SIGA Technologies, Inc.SIGA 23,099 ₹297.33$3.15 ₹2,136$226.33M Loss 1.37 0.06× $1M -1.5% 0 — Healthcare
65 Kalaris Therapeutics, Inc.KLRS 23,079 ₹187.84$1.99 ₹447$47.37M Loss 0.82 0.42× $1M -79.9% 0 — Healthcare
66 Deep Fission, Inc.FISN 23,065 ₹227.48$2.41 ₹1,340$141.96M Loss 1.61 0.04× None -256.1% 0 ⚑ Industrials
67 Douglas Elliman Inc.DOUG 23,061 ₹141.59$1.50 ₹1,286$136.34M 5.2 0.82 0.62× $103M 15.9% 0 ⚑ Real Estate
68 Wave Life Sciences, Inc.WVE 23,025 ₹316.21$3.35 ₹6,230$660.11M Loss 1.46 0.19× $18M -67.4% 0 — Healthcare
69 Health In Tech, Inc.HIT 23,009 ₹54.30$0.58 ₹354$37.57M Loss 1.92 0.34× $0M -21.9% 0 ⚑ Technology
70 Serve Robotics Inc.SERV 22,965 ₹271.85$2.88 ₹2,357$249.72M Loss 0.71 0.07× $5M -64.5% 0 — Industrials
71 Caribou Biosciences, Inc.CRBU 22,955 ₹52.86$0.56 ₹566$60.04M Loss 0.61 0.31× $27M -78.3% 0 — Healthcare
72 Palatin Technologies, Inc.PTN 22,937 ₹520.09$5.51 ₹92$9.81M Loss 0.93 0.20× $0M -877.5% 0 — Healthcare
73 Metagenomi Therapeutics, Inc.MGX 22,928 ₹77.04$0.82 ₹291$30.83M Loss 0.27 0.35× $41M -60.6% 0 — Healthcare
74 Geospace Technologies CorporationGEOS 22,923 ₹399.27$4.23 ₹516$54.72M Loss 0.57 0.24× $1M -34.4% 0 ⚑ Energy
75 enVVeno Medical CorporationNVNO 22,894 ₹652.24$6.91 ₹45$4.80M Loss 0.23 0.09× $1M -58.5% 0 — Healthcare
76 LQR House Inc.YHC 22,878 ₹235.98$2.50 ₹30$3.26M Loss 0.10 0.36× $0M -37.4% 0 ⚑ Consumer Defensive
77 NANO Nuclear Energy Inc.NNE 22,862 ₹1,182.72$12.53 ₹6,350$672.84M Loss 1.09 0.02× $3M -8.0% 0 — Industrials
78 Aardvark Therapeutics, Inc.AARD 22,853 ₹372.84$3.95 ₹815$86.45M Loss 1.16 0.08× $0M -66.0% 0 — Healthcare
79 Amtech Systems, Inc.ASYS 22,831 ₹1,164.78$12.34 ₹2,039$216.05M 45.7 1.87 0.26× $20M 4.8% 0 — Technology
80 Greenlane Holdings, Inc.GNLN 22,825 ₹187.84$1.99 ₹13$1.38M 0.4 0.05 0.20× $0M -535.1% 0 ⚑ Consumer Defensive
81 Byrna Technologies Inc.BYRN 22,808 ₹456.85$4.84 ₹1,069$113.28M Loss 1.99 0.17× $2M -14.9% 0 — Industrials
82 Energy Recovery, Inc.ERII 22,805 ₹629.59$6.67 ₹3,213$340.47M 25.7 1.97 0.13× $9M 8.6% 0 ⚑ Industrials
83 Focus Universal Inc.FCUV 22,784 ₹308.66$3.27 ₹30$3.21M Loss 0.39 0.59× $0M -106.0% 0 — Technology
84 Solid Power, Inc.SLDP 22,761 ₹190.67$2.02 ₹4,350$460.93M Loss 0.92 0.05× $8M -20.6% 0 — Consumer Cyclical
85 Optex Systems Holdings, IncOPXS 22,755 ₹902.38$9.56 ₹628$66.54M 17.4 2.40 0.15× $2M 15.3% 0 ⚑ Industrials
86 Silvaco Group, Inc.SVCO 22,747 ₹572.01$6.06 ₹1,938$205.35M Loss 2.46 0.27× $3M -27.0% 0 ⚑ Technology
87 Tecogen Inc.TGEN 22,729 ₹195.39$2.07 ₹589$62.49M Loss 3.53 0.44× $3M -78.3% 0 — Industrials
88 iBio, Inc.IBIO 22,705 ₹74.00$0.78 ₹475$50.42M Loss 0.59 0.14× $2M -65.7% 0 — Healthcare
89 Amplify Energy Corp.AMPY 22,695 ₹418.15$4.43 ₹1,733$183.65M 8.7 0.42 0.24× $4M 5.3% 0 ⚑ Energy
90 Pixelworks, Inc.PXLW 22,688 ₹502.16$5.32 ₹303$32.18M 44.3 0.62 0.04× $1M -25.4% 0 — Technology
91 Digi Power X Inc.DGXX 22,670 ₹218.04$2.31 ₹2,210$234.23M Loss 0.88 0.05× None -24.7% 0 — Utilities
92 Oramed Pharmaceuticals Inc.ORMP 22,612 ₹388.89$4.12 ₹1,617$171.38M 1.0 0.54 0.14× $1M 74.2% 6.04% ⚑ Healthcare
93 Ernexa Therapeutics Inc.ERNA 22,598 ₹195.86$2.08 ₹31$3.39M Loss 1.06 0.49× $0M -320.7% 0 ⚑ Healthcare
94 Cellectar Biosciences, Inc.CLRB 22,589 ₹110.44$1.17 ₹104$11.06M Loss 0.37 0.18× $0M -119.6% 0 — Healthcare
95 Forward Industries, Inc.FWDI 22,577 ₹659.79$6.99 ₹5,033$533.25M Loss 1.12 0.21× $3M -461.4% 0 — Consumer Cyclical
96 Scienture Holdings, Inc.SCNX 22,568 ₹261.46$2.77 ₹42$4.55M Loss 0.07 0.27× $0M -53.5% 0 ⚑ Healthcare
97 LifeVantage CorporationLFVN 22,565 ₹564.46$5.98 ₹710$75.28M 14.9 2.24 0.46× $10M 14.9% 3.34% — Consumer Defensive
98 Capricor Therapeutics, Inc.CAPR 22,522 ₹578.62$6.13 ₹3,364$356.39M Loss 1.45 0.33× $15M -73.7% 0 — Healthcare
99 Aeluma, Inc.ALMU 22,499 ₹676.78$7.17 ₹1,307$138.49M Loss 2.43 0.06× $2M -24.5% 0 — Technology
100 Fulcrum Therapeutics, Inc.FULC 22,493 ₹347.36$3.68 ₹2,653$281.09M Loss 0.90 0.04× $6M -32.4% 0 — Healthcare

Debt free in other groups · United States

Under $5Under $10Under $20

Debt free in other countries

India

Questions

Which companies priced under $20 in the US have no debt?

The first five on PositoAI's list are Dogwood Therapeutics, Inc. (27,827), Tigo Energy, Inc. (26,077), Onconetix, Inc. (25,902), Revelation Biosciences, Inc. (25,780), Vyome Holdings, Inc. (25,696).

How many companies priced under $20 in the US report no debt?

469 of the 2,071 companies priced under $20 in the US on PositoAI report no debt (banks and lenders left out); this page shows the top 100.

How is this list made?

Companies whose latest annual balance sheet shows no borrowings, ordered by Positivity Score. Lease obligations (for offices, buildings and similar) are not counted as borrowing; they are shown in the Leases column. Banks and lenders are left out, because borrowing is part of their business. The list is updated every day from PositoAI's data.

Is a low share price a good sign?

A low share price does not make a stock cheap: what matters is the company's value compared with its earnings and assets (P/E, P/B). Very low-priced stocks are often small, thinly traded and more volatile.

Are lease obligations counted as debt on this list?

No. Many companies rent offices, buildings or equipment on long leases, and accounts show those payments as lease obligations. This list counts only borrowings, so a company with leases but no loans is debt free here. Each company's lease amount is shown in the Leases column.

Companies whose latest annual balance sheet shows no borrowings, ordered by Positivity Score. Lease obligations (for offices, buildings and similar) are not counted as borrowing; they are shown in the Leases column. Banks and lenders are left out, because borrowing is part of their business. Score is the Positivity Score; Owes vs Owns is everything a company owes compared with everything it owns (what each figure means); ⚑ marks an active red or yellow flag. All low price lists for United States. PositoAI is for research and education only and is not investment advice.

Disclaimer — PositoAI is a research and screening tool for educational and informational purposes. It is not investment advice or a recommendation to buy or sell any security or mutual fund. Scores and rankings are calculated by PositoAI's own method using publicly available data, which may be incomplete, delayed or inaccurate, and past performance does not indicate future results. AI summaries of company news may contain errors. PositoAI is not registered with the SEC, SEBI or any other regulatory authority. Please do your own research or consult a licensed financial advisor before investing.