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.
| # | Company | Score | Price (INR / USD) |
Market Cap (INR Cr) / USD |
P/E | P/B | Owes vs Owns |
Leases | ROE | Div Yield |
Flag | Sector |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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
Debt free in other countries
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.