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

Of the 4,000 companies in the US on PositoAI, 718 report no debt (banks and lenders left out). First on the list is Dogwood Therapeutics, Inc. (Positivity Score 27,827). 696 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.

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 Market Cap
(INR Cr) / USD		 P/E P/B Owes vs
Owns		 Leases ROE Div
Yield		 FlagSector
1 Dogwood Therapeutics, Inc.DWTX 27,827 ₹359$38.07M 0.5 0.56 0.15× $0M -47.8% 0 — Healthcare
2 Tigo Energy, Inc.TYGO 26,077 ₹671$71.10M 5.4 1.59 0.43× $3M 43.1% 0 — Technology
3 Onconetix, Inc.ONCO 25,902 ₹20$2.13M 0.0 0.16 0.18× $0M -105.2% 0 — Healthcare
4 Revelation Biosciences, Inc.REVB 25,780 ₹19$2.09M 0.1 0.21 0.19× $1M -154.8% 0 — Healthcare
5 Vyome Holdings, Inc.HIND 25,696 ₹119$12.63M 1.0 2.09 0.20× $0M -999.2% 0 — Healthcare
6 Verde Clean Fuels, Inc.VGAS 25,250 ₹417$44.23M Loss 1.53 0.04× $0M -21.9% 0 — Utilities
7 cbdMD, Inc.YCBD 25,147 ₹39$4.18M 1.6 0.51 0.38× $1M -40.3% 0 — Healthcare
8 eGain CorporationEGAN 25,049 ₹1,398$148.13M 17.7 1.76 0.43× $3M 10.8% 0 — Technology
9 Q/C Technologies, Inc.QCLS 25,022 ₹40$4.34M 0.2 0.27 0.30× None -108.0% 0 ⚑ Technology
10 Aptevo Therapeutics Inc.APVO 24,945 ₹27$2.91M 0.0 0.48 0.58× $5M -420.3% 0 — Healthcare

Top 20

11 Mexco Energy CorporationMXC 24,917 ₹186$19.76M 12.9 0.97 0.08× $0M 8.0% 1.02% — Energy
12 Core AI HoldingsCHAI 24,773 ₹45$4.80M Loss 1.98 0.90× $0M -120.2% 0 — Communication Services
13 Organogenesis Holdings Inc.ORGO 24,591 ₹1,251$132.53M Loss 0.46 0.29× $82M -25.9% 0 — Healthcare
14 Coda Octopus Group, Inc.CODA 24,561 ₹971$102.90M 20.3 1.64 0.09× $0M 8.4% 0 — Industrials
15 PodcastOne, Inc.PODC 24,549 ₹468$49.61M Loss 2.06 0.37× $0M -16.2% 0 — Communication Services
16 IPG Photonics CorporationIPGP 24,524 ₹27,867$2.95B 106.8 1.39 0.12× $17M 1.3% 0 — Technology
17 VIDA Global Inc.VIDA 24,451 ₹150$15.97M Loss 0.92 0.05× None — 0 — Technology
18 Watsco, Inc.WSO 24,447 ₹1,10,662$11.72B 24.4 3.92 0.32× $479M 16.7% 4.59% — Industrials
19 MapLight Therapeutics, Inc.MPLT 24,402 ₹4,327$458.50M Loss 1.32 0.05× $6M -111.5% 0 — Healthcare
20 X-Energy, Inc.XE 24,365 ₹40,773$4.32B Loss 2.38 0.07× $21M — 0 — Industrials

Top 50

21 Mastech Digital, Inc.MHH 24,358 ₹714$75.68M 37.1 0.82 0.16× $2M 2.3% 0 ⚑ Industrials
22 Niagen Bioscience, Inc.NAGE 24,344 ₹1,882$199.40M 13.3 2.42 0.23× $3M 21.8% 0 — Consumer Defensive
23 NET Power Inc.NPWR 24,305 ₹783$82.99M Loss 0.99 0.08× $4M -142.0% 0 — Industrials
24 AleAnna, Inc.ANNA 24,297 ₹915$97.03M 12.5 2.40 0.39× $2M 21.6% 0 — Energy
25 Spero Therapeutics, Inc.SPRO 24,273 ₹621$65.81M 8.1 1.49 0.16× $3M 19.2% 0 — Healthcare
26 Jet.AI Inc.JTAI 24,260 ₹36$3.84M 0.0 0.10 0.05× $0M 20.2% 0 ⚑ Technology
27 WEBTOON Entertainment Inc.WBTN 24,239 ₹12,169$1.29B Loss 1.11 0.23× $24M -26.3% 0 — Communication Services
28 Emerson Radio Corp.MSN 24,233 ₹64$6.80M Loss 0.41 0.09× $0M -20.1% 0 ⚑ Technology
29 Haverty Furniture Companies, Inc.HVT 24,163 ₹4,268$452.22M 21.2 1.54 0.55× $216M 7.6% 4.28% — Consumer Cyclical
30 WhiteFiber, Inc.WYFI 24,147 ₹3,868$409.85M Loss 1.21 0.62× $23M -13.7% 0 — Technology
31 Moleculin Biotech, Inc.MBRX 24,109 ₹56$6.00M 0.0 0.52 0.45× $0M -1371.6% 0 ⚑ Healthcare
32 MultiSensor AI Holdings, Inc.MSAI 24,045 ₹81$8.62M Loss 0.30 0.15× None -46.5% 0 — Technology
33 Swarmer, IncSWMR 24,043 ₹1,199$127.07M Loss 4.07 0.08× $0M — 0 — Technology
34 AIB Data Centers Inc.AIB 24,033 ₹753$79.78M Loss 0.97 0.09× $0M -9.8% 0 ⚑ Technology
35 Curis, Inc.CRIS 23,965 ₹9$981,914 0.3 0.21 0.75× $2M — 0 ⚑ Healthcare
36 Assembly Biosciences, Inc.ASMB 23,850 ₹3,897$412.91M 19.5 1.35 0.08× $3M -0.0% 0 — Healthcare
37 Bakkt, Inc.BKKT 23,843 ₹2,229$236.16M Loss 0.67 0.12× $1M -10.2% 0 ⚑ Technology
38 Upstream Bio, Inc.UPB 23,841 ₹1,545$163.77M Loss 0.60 0.04× $1M -46.0% 0 — Healthcare
39 EyePoint, Inc.EYPT 23,787 ₹338$35.89M Loss 0.22 0.27× $21M -148.7% 0 — Healthcare
40 Lyell Immunopharma, Inc.LYEL 23,758 ₹2,169$229.86M Loss 0.98 0.25× $51M -93.3% 0 — Healthcare
41 Sunshine Biopharma, Inc.SBFM 23,752 ₹23$2.47M Loss 0.09 0.18× $1M -21.9% 0 ⚑ Healthcare
42 BridgeBio Oncology Therapeutics, Inc.BBOT 23,725 ₹2,156$228.50M Loss 0.71 0.14× $3M -81.9% 0 — Healthcare
43 Tron Inc.TRON 23,718 ₹6,716$711.57M Loss 2.81 0.01× $1M 3.8% 0 — Consumer Cyclical
44 Astrotech CorporationASTC 23,642 ₹100$10.63M Loss 0.87 0.25× $3M -75.4% 0 — Technology
45 Bluejay Diagnostics, Inc.BJDX 23,624 ₹26$2.81M Loss 0.30 0.18× $0M -98.9% 0 — Healthcare
46 Sionna Therapeutics, Inc.SION 23,615 ₹1,619$171.57M Loss 0.65 0.06× $9M -32.3% 0 — Healthcare
47 Aqua Metals, Inc.AQMS 23,603 ₹50$5.31M Loss 0.56 0.24× $1M -218.4% 0 — Industrials
48 High Roller Technologies, Inc.ROLR 23,566 ₹526$55.81M Loss 1.88 0.19× $1M 1.5% 0 ⚑ Consumer Cyclical
49 Omega Flex, Inc.OFLX 23,528 ₹2,366$250.74M 21.1 3.05 0.19× $5M 14.0% 5.41% ⚑ Industrials
50 Zumiez Inc.ZUMZ 23,526 ₹2,079$220.30M 20.8 0.79 0.56× $199M 4.5% 0 — Consumer Cyclical

Top 100

51 The Trade Desk, Inc.TTD 23,517 ₹58,729$6.22B 15.9 2.42 0.55× $436M 15.4% 0 — Communication Services
52 Aware, Inc.AWRE 23,483 ₹179$18.99M Loss 0.83 0.31× $4M -35.0% 0 — Technology
53 CPS Technologies CorporationCPSH 23,464 ₹640$67.82M — 2.02 0.12× $0M -0.1% 0 — Technology
54 Comstock Holding Companies, Inc.CHCI 23,437 ₹1,678$177.77M 7.4 2.19 0.12× $5M 36.4% 0 — Real Estate
55 Compass Therapeutics, Inc.CMPX 23,422 ₹1,362$144.34M Loss 0.87 0.13× $10M -56.7% 0 — Healthcare
56 LENZ Therapeutics, Inc.LENZ 23,376 ₹963$102.12M Loss 0.47 0.07× $1M -59.2% 0 — Healthcare
57 Tvardi Therapeutics, Inc.TVRD 23,329 ₹122$12.97M Loss 1.55 0.52× $0M -126.2% 0 — Healthcare
58 Terrestrial Energy Inc.IMSR 23,323 ₹2,859$302.97M Loss 1.08 0.03× $2M -27.4% 0 ⚑ Utilities
59 Connect Biopharma Holdings LimitedCNTB 23,300 ₹453$47.99M Loss 1.79 0.38× $1M -140.5% 0 — Healthcare
60 Kratos Defense & Security Solutions, Inc.KTOS 23,294 ₹67,811$7.18B 225.1 2.10 0.16× $146M 1.1% 0 — Industrials
61 AirJoule Technologies CorporationAIRJ 23,267 ₹2,035$215.64M Loss 0.87 0.19× $0M -31.6% 0 — Industrials
62 Clearfield, Inc.CLFD 23,267 ₹3,526$373.56M 50.9 1.52 0.08× $9M 1.6% 0 — Technology
63 Intrepid Potash, Inc.IPI 23,263 ₹3,908$414.06M 32.4 0.80 0.21× $3M 3.1% 0 — Basic Materials
64 Hudson Technologies, Inc.HDSN 23,261 ₹2,129$225.59M 26.8 0.93 0.24× $5M 3.6% 0 — Basic Materials
65 Educational Development CorporationEDUC 23,253 ₹82$8.70M 5.1 0.21 0.22× $7M 4.4% 0 — Communication Services
66 Shoe Station Group Inc.SHOE 23,225 ₹3,648$386.55M 16.2 0.57 0.42× $371M 3.6% 5.14% — Consumer Cyclical
67 PrimeEnergy Resources CorporationPNRG 23,211 ₹3,019$319.88M 19.5 1.46 0.31× $4M 11.7% 0 ⚑ Energy
68 Natural Health Trends Corp.NHTC 23,185 ₹67$7.17M Loss 0.47 0.48× $2M -7.4% 47.23% — Consumer Cyclical
69 Lisata Therapeutics, Inc.LSTA 23,173 ₹102$10.86M Loss 1.32 0.28× None -101.7% 0 — Healthcare
70 Nature's Sunshine Products, Inc.NATR 23,151 ₹2,061$218.36M 12.3 1.29 0.35× $19M 11.2% 0 — Consumer Defensive
71 AXIL Brands, Inc.AXIL 23,146 ₹371$39.37M 17.0 3.00 0.27× $0M 23.1% 0 — Technology
72 American Superconductor CorporationAMSC 23,132 ₹11,435$1.21B 8.4 2.12 0.25× $4M 30.2% 0 — Industrials
73 Marten Transport, Ltd.MRTN 23,106 ₹9,480$1.00B 82.0 1.31 0.20× $0M 1.6% 1.90% — Industrials
74 SIGA Technologies, Inc.SIGA 23,099 ₹2,136$226.33M Loss 1.37 0.06× $1M -1.5% 0 — Healthcare
75 Kalaris Therapeutics, Inc.KLRS 23,079 ₹447$47.37M Loss 0.82 0.42× $1M -79.9% 0 — Healthcare
76 Deep Fission, Inc.FISN 23,065 ₹1,340$141.96M Loss 1.61 0.04× None -256.1% 0 ⚑ Industrials
77 Douglas Elliman Inc.DOUG 23,061 ₹1,286$136.34M 5.2 0.82 0.62× $103M 15.9% 0 ⚑ Real Estate
78 Wave Life Sciences, Inc.WVE 23,025 ₹6,230$660.11M Loss 1.46 0.19× $18M -67.4% 0 — Healthcare
79 Health In Tech, Inc.HIT 23,009 ₹354$37.57M Loss 1.92 0.34× $0M -21.9% 0 ⚑ Technology
80 Photronics, Inc.PLAB 22,981 ₹15,536$1.65B 9.9 1.29 0.12× $6M 13.8% 0 — Technology
81 Serve Robotics Inc.SERV 22,965 ₹2,357$249.72M Loss 0.71 0.07× $5M -64.5% 0 — Industrials
82 Caribou Biosciences, Inc.CRBU 22,955 ₹566$60.04M Loss 0.61 0.31× $27M -78.3% 0 — Healthcare
83 Palatin Technologies, Inc.PTN 22,937 ₹92$9.81M Loss 0.93 0.20× $0M -877.5% 0 — Healthcare
84 Oklo Inc.OKLO 22,928 ₹47,425$5.02B Loss 1.53 0.03× $1M -7.7% 0 — Utilities
85 Metagenomi Therapeutics, Inc.MGX 22,928 ₹291$30.83M Loss 0.27 0.35× $41M -60.6% 0 — Healthcare
86 Geospace Technologies CorporationGEOS 22,923 ₹516$54.72M Loss 0.57 0.24× $1M -34.4% 0 ⚑ Energy
87 enVVeno Medical CorporationNVNO 22,894 ₹45$4.80M Loss 0.23 0.09× $1M -58.5% 0 — Healthcare
88 LQR House Inc.YHC 22,878 ₹30$3.26M Loss 0.10 0.36× $0M -37.4% 0 ⚑ Consumer Defensive
89 NANO Nuclear Energy Inc.NNE 22,862 ₹6,350$672.84M Loss 1.09 0.02× $3M -8.0% 0 — Industrials
90 Aardvark Therapeutics, Inc.AARD 22,853 ₹815$86.45M Loss 1.16 0.08× $0M -66.0% 0 — Healthcare
91 Amtech Systems, Inc.ASYS 22,831 ₹2,039$216.05M 45.7 1.87 0.26× $20M 4.8% 0 — Technology
92 Greenlane Holdings, Inc.GNLN 22,825 ₹13$1.38M 0.4 0.05 0.20× $0M -535.1% 0 ⚑ Consumer Defensive
93 Byrna Technologies Inc.BYRN 22,808 ₹1,069$113.28M Loss 1.99 0.17× $2M -14.9% 0 — Industrials
94 Energy Recovery, Inc.ERII 22,805 ₹3,213$340.47M 25.7 1.97 0.13× $9M 8.6% 0 ⚑ Industrials
95 Build-A-Bear Workshop, Inc.BBW 22,794 ₹2,836$300.47M 6.0 1.89 0.52× $127M 32.8% 3.94% — Consumer Cyclical
96 Focus Universal Inc.FCUV 22,784 ₹30$3.21M Loss 0.39 0.59× $0M -106.0% 0 — Technology
97 Solid Power, Inc.SLDP 22,761 ₹4,350$460.93M Loss 0.92 0.05× $8M -20.6% 0 — Consumer Cyclical
98 Optex Systems Holdings, IncOPXS 22,755 ₹628$66.54M 17.4 2.40 0.15× $2M 15.3% 0 ⚑ Industrials
99 Silvaco Group, Inc.SVCO 22,747 ₹1,938$205.35M Loss 2.46 0.27× $3M -27.0% 0 ⚑ Technology
100 Tecogen Inc.TGEN 22,729 ₹589$62.49M Loss 3.53 0.44× $3M -78.3% 0 — Industrials

Debt free in other groups · United States

All of United StatesLarge CapMid CapSmall CapS&P MidCap 400S&P SmallCap 600Nano CapMicro CapMini CapMeso CapTito Cap

Debt free in other countries

India

Questions

Which companies 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 in the US report no debt?

718 of the 4,000 companies 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.

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 top 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.