Top 10 Debt-Free Mini Cap Stocks (₹1,000 Cr to ₹10,000 Cr) in the US — Top 100 List
PosiCap · PositoAI classification
Of the 1,232 mini cap companies in the US on PositoAI, 240 report no debt (banks and lenders left out). First on the list is eGain Corporation (Positivity Score 25,049). 232 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.
Mini Cap is one of PosiCap, PositoAI's own size classes: companies with a market value ₹1,000 Cr to ₹10,000 Cr (about $106M to $1.1B). It is not the SEBI or index definition. About PosiCap
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 |
Flag | Sector |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | eGain CorporationEGAN | 25,049 | ₹1,398$148.13M | 17.7 | 1.76 | 0.43× | $3M | 10.8% | 0 | — | Technology |
| 2 | Organogenesis Holdings Inc.ORGO | 24,591 | ₹1,251$132.53M | Loss | 0.46 | 0.29× | $82M | -25.9% | 0 | — | Healthcare |
| 3 | MapLight Therapeutics, Inc.MPLT | 24,402 | ₹4,327$458.50M | Loss | 1.32 | 0.05× | $6M | -111.5% | 0 | — | Healthcare |
| 4 | Niagen Bioscience, Inc.NAGE | 24,344 | ₹1,882$199.40M | 13.3 | 2.42 | 0.23× | $3M | 21.8% | 0 | — | Consumer Defensive |
| 5 | Haverty Furniture Companies, Inc.HVT | 24,163 | ₹4,268$452.22M | 21.2 | 1.54 | 0.55× | $216M | 7.6% | 4.28% | — | Consumer Cyclical |
| 6 | WhiteFiber, Inc.WYFI | 24,147 | ₹3,868$409.85M | Loss | 1.21 | 0.62× | $23M | -13.7% | 0 | — | Technology |
| 7 | Swarmer, IncSWMR | 24,043 | ₹1,199$127.07M | Loss | 4.07 | 0.08× | $0M | — | 0 | — | Technology |
| 8 | Assembly Biosciences, Inc.ASMB | 23,850 | ₹3,897$412.91M | 19.5 | 1.35 | 0.08× | $3M | -0.0% | 0 | — | Healthcare |
| 9 | Bakkt, Inc.BKKT | 23,843 | ₹2,229$236.16M | Loss | 0.67 | 0.12× | $1M | -10.2% | 0 | ⚑ | Technology |
| 10 | Upstream Bio, Inc.UPB | 23,841 | ₹1,545$163.77M | Loss | 0.60 | 0.04× | $1M | -46.0% | 0 | — | Healthcare |
Top 20 | |||||||||||
| 11 | Lyell Immunopharma, Inc.LYEL | 23,758 | ₹2,169$229.86M | Loss | 0.98 | 0.25× | $51M | -93.3% | 0 | — | Healthcare |
| 12 | BridgeBio Oncology Therapeutics, Inc.BBOT | 23,725 | ₹2,156$228.50M | Loss | 0.71 | 0.14× | $3M | -81.9% | 0 | — | Healthcare |
| 13 | Tron Inc.TRON | 23,718 | ₹6,716$711.57M | Loss | 2.81 | 0.01× | $1M | 3.8% | 0 | — | Consumer Cyclical |
| 14 | Sionna Therapeutics, Inc.SION | 23,615 | ₹1,619$171.57M | Loss | 0.65 | 0.06× | $9M | -32.3% | 0 | — | Healthcare |
| 15 | Omega Flex, Inc.OFLX | 23,528 | ₹2,366$250.74M | 21.1 | 3.05 | 0.19× | $5M | 14.0% | 5.41% | ⚑ | Industrials |
| 16 | Zumiez Inc.ZUMZ | 23,526 | ₹2,079$220.30M | 20.8 | 0.79 | 0.56× | $199M | 4.5% | 0 | — | Consumer Cyclical |
| 17 | Comstock Holding Companies, Inc.CHCI | 23,437 | ₹1,678$177.77M | 7.4 | 2.19 | 0.12× | $5M | 36.4% | 0 | — | Real Estate |
| 18 | Compass Therapeutics, Inc.CMPX | 23,422 | ₹1,362$144.34M | Loss | 0.87 | 0.13× | $10M | -56.7% | 0 | — | Healthcare |
| 19 | Terrestrial Energy Inc.IMSR | 23,323 | ₹2,859$302.97M | Loss | 1.08 | 0.03× | $2M | -27.4% | 0 | ⚑ | Utilities |
| 20 | AirJoule Technologies CorporationAIRJ | 23,267 | ₹2,035$215.64M | Loss | 0.87 | 0.19× | $0M | -31.6% | 0 | — | Industrials |
Top 50 | |||||||||||
| 21 | Clearfield, Inc.CLFD | 23,267 | ₹3,526$373.56M | 50.9 | 1.52 | 0.08× | $9M | 1.6% | 0 | — | Technology |
| 22 | Intrepid Potash, Inc.IPI | 23,263 | ₹3,908$414.06M | 32.4 | 0.80 | 0.21× | $3M | 3.1% | 0 | — | Basic Materials |
| 23 | Hudson Technologies, Inc.HDSN | 23,261 | ₹2,129$225.59M | 26.8 | 0.93 | 0.24× | $5M | 3.6% | 0 | — | Basic Materials |
| 24 | Shoe Station Group Inc.SHOE | 23,225 | ₹3,648$386.55M | 16.2 | 0.57 | 0.42× | $371M | 3.6% | 5.14% | — | Consumer Cyclical |
| 25 | PrimeEnergy Resources CorporationPNRG | 23,211 | ₹3,019$319.88M | 19.5 | 1.46 | 0.31× | $4M | 11.7% | 0 | ⚑ | Energy |
| 26 | Nature's Sunshine Products, Inc.NATR | 23,151 | ₹2,061$218.36M | 12.3 | 1.29 | 0.35× | $19M | 11.2% | 0 | — | Consumer Defensive |
| 27 | Marten Transport, Ltd.MRTN | 23,106 | ₹9,480$1.00B | 82.0 | 1.31 | 0.20× | $0M | 1.6% | 1.90% | — | Industrials |
| 28 | SIGA Technologies, Inc.SIGA | 23,099 | ₹2,136$226.33M | Loss | 1.37 | 0.06× | $1M | -1.5% | 0 | — | Healthcare |
| 29 | Deep Fission, Inc.FISN | 23,065 | ₹1,340$141.96M | Loss | 1.61 | 0.04× | None | -256.1% | 0 | ⚑ | Industrials |
| 30 | Douglas Elliman Inc.DOUG | 23,061 | ₹1,286$136.34M | 5.2 | 0.82 | 0.62× | $103M | 15.9% | 0 | ⚑ | Real Estate |
| 31 | Wave Life Sciences, Inc.WVE | 23,025 | ₹6,230$660.11M | Loss | 1.46 | 0.19× | $18M | -67.4% | 0 | — | Healthcare |
| 32 | Serve Robotics Inc.SERV | 22,965 | ₹2,357$249.72M | Loss | 0.71 | 0.07× | $5M | -64.5% | 0 | — | Industrials |
| 33 | NANO Nuclear Energy Inc.NNE | 22,862 | ₹6,350$672.84M | Loss | 1.09 | 0.02× | $3M | -8.0% | 0 | — | Industrials |
| 34 | Amtech Systems, Inc.ASYS | 22,831 | ₹2,039$216.05M | 45.7 | 1.87 | 0.26× | $20M | 4.8% | 0 | — | Technology |
| 35 | Byrna Technologies Inc.BYRN | 22,808 | ₹1,069$113.28M | Loss | 1.99 | 0.17× | $2M | -14.9% | 0 | — | Industrials |
| 36 | Energy Recovery, Inc.ERII | 22,805 | ₹3,213$340.47M | 25.7 | 1.97 | 0.13× | $9M | 8.6% | 0 | ⚑ | Industrials |
| 37 | 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 |
| 38 | Solid Power, Inc.SLDP | 22,761 | ₹4,350$460.93M | Loss | 0.92 | 0.05× | $8M | -20.6% | 0 | — | Consumer Cyclical |
| 39 | Silvaco Group, Inc.SVCO | 22,747 | ₹1,938$205.35M | Loss | 2.46 | 0.27× | $3M | -27.0% | 0 | ⚑ | Technology |
| 40 | Amplify Energy Corp.AMPY | 22,695 | ₹1,733$183.65M | 8.7 | 0.42 | 0.24× | $4M | 5.3% | 0 | ⚑ | Energy |
| 41 | Digi Power X Inc.DGXX | 22,670 | ₹2,210$234.23M | Loss | 0.88 | 0.05× | None | -24.7% | 0 | — | Utilities |
| 42 | Oramed Pharmaceuticals Inc.ORMP | 22,612 | ₹1,617$171.38M | 1.0 | 0.54 | 0.14× | $1M | 74.2% | 6.04% | ⚑ | Healthcare |
| 43 | Forward Industries, Inc.FWDI | 22,577 | ₹5,033$533.25M | Loss | 1.12 | 0.21× | $3M | -461.4% | 0 | — | Consumer Cyclical |
| 44 | Capricor Therapeutics, Inc.CAPR | 22,522 | ₹3,364$356.39M | Loss | 1.45 | 0.33× | $15M | -73.7% | 0 | — | Healthcare |
| 45 | Aeluma, Inc.ALMU | 22,499 | ₹1,307$138.49M | Loss | 2.43 | 0.06× | $2M | -24.5% | 0 | — | Technology |
| 46 | Fulcrum Therapeutics, Inc.FULC | 22,493 | ₹2,653$281.09M | Loss | 0.90 | 0.04× | $6M | -32.4% | 0 | — | Healthcare |
| 47 | American Battery Technology CompanyABAT | 22,471 | ₹1,870$198.18M | Loss | 1.57 | 0.05× | $0M | -74.5% | 0 | — | Industrials |
| 48 | Entrada Therapeutics, Inc.TRDA | 22,448 | ₹1,738$184.17M | Loss | 0.79 | 0.22× | $51M | -54.1% | 0 | — | Healthcare |
| 49 | Allogene Therapeutics, Inc.ALLO | 22,362 | ₹4,076$431.86M | Loss | 0.99 | 0.21× | $83M | -42.4% | 0 | — | Healthcare |
| 50 | Voyager Therapeutics, Inc.VYGR | 22,313 | ₹1,081$114.61M | Loss | 0.74 | 0.22× | $36M | -54.1% | 0 | — | Healthcare |
Top 100 | |||||||||||
| 51 | Vital Farms, Inc.VITL | 22,239 | ₹3,813$403.99M | Loss | 1.42 | 0.43× | $53M | 0.1% | 0 | — | Consumer Defensive |
| 52 | Quanterix CorporationQTRX | 22,211 | ₹1,267$134.31M | Loss | 0.57 | 0.26× | $37M | -46.5% | 0 | — | Healthcare |
| 53 | Lexeo Therapeutics, Inc.LXEO | 22,174 | ₹2,239$237.23M | Loss | 1.01 | 0.08× | $8M | -46.8% | 0 | — | Healthcare |
| 54 | i3 Verticals, Inc.IIIV | 22,112 | ₹5,725$606.62M | 60.1 | 2.16 | 0.36× | $5M | 2.3% | 0 | — | Technology |
| 55 | Avalo Therapeutics, Inc.AVTX | 22,085 | ₹3,771$399.54M | Loss | 0.89 | 0.09× | $0M | -36.3% | 0 | — | Healthcare |
| 56 | Protara Therapeutics, Inc.TARA | 22,066 | ₹1,361$144.19M | Loss | 0.89 | 0.08× | $3M | -45.8% | 0 | — | Healthcare |
| 57 | Zentalis Pharmaceuticals, Inc.ZNTL | 22,054 | ₹2,232$236.47M | Loss | 1.65 | 0.33× | $36M | -66.8% | 0 | — | Healthcare |
| 58 | Ethan Allen Interiors Inc.ETD | 22,016 | ₹4,946$524.00M | 13.3 | 1.11 | 0.34× | $120M | 8.4% | 7.89% | — | Consumer Cyclical |
| 59 | Artiva Biotherapeutics, Inc.ARTV | 22,004 | ₹2,861$303.12M | Loss | 0.87 | 0.06× | $11M | -36.6% | 0 | — | Healthcare |
| 60 | Spok Holdings, Inc.SPOK | 21,977 | ₹2,114$224.03M | 18.8 | 1.60 | 0.28× | $7M | 8.4% | 12.07% | — | Healthcare |
| 61 | GSI Technology, Inc.GSIT | 21,968 | ₹1,400$148.35M | Loss | 1.61 | 0.15× | $8M | -24.5% | 0 | — | Technology |
| 62 | NioCorp Developments Ltd.NB | 21,942 | ₹4,088$433.17M | Loss | 0.99 | 0.07× | $0M | -22.1% | 0 | — | Basic Materials |
| 63 | RxSight, Inc.RXST | 21,896 | ₹1,994$211.29M | Loss | 0.80 | 0.25× | $11M | -17.4% | 0 | — | Healthcare |
| 64 | Tectonic Therapeutic, Inc.TECX | 21,891 | ₹3,891$412.30M | Loss | 1.84 | 0.06× | $1M | -33.8% | 0 | — | Healthcare |
| 65 | Alumis Inc.ALMS | 21,875 | ₹8,332$882.75M | Loss | 1.95 | 0.19× | $37M | -93.7% | 0 | — | Healthcare |
| 66 | M-tron Industries, Inc.MPTI | 21,864 | ₹2,697$285.74M | 25.8 | 2.41 | 0.06× | $0M | 12.4% | 0 | — | Technology |
| 67 | KVH Industries, Inc.KVHI | 21,847 | ₹1,133$120.09M | Loss | 0.92 | 0.14× | $4M | -4.3% | 0 | — | Communication Services |
| 68 | Palladyne AI Corp.PDYN | 21,814 | ₹1,699$180.09M | Loss | 2.54 | 0.25× | $11M | -48.4% | 0 | — | Technology |
| 69 | Grid Dynamics Holdings, Inc.GDYN | 21,758 | ₹6,554$694.45M | 285.3 | 1.34 | 0.13× | $17M | 0.5% | 0 | — | Technology |
| 70 | vTv Therapeutics Inc.VTVT | 21,746 | ₹1,013$107.39M | Loss | 1.37 | 0.10× | None | -15.8% | 0 | — | Healthcare |
| 71 | Lifeway Foods, Inc.LWAY | 21,721 | ₹3,268$346.25M | 33.2 | 4.09 | 0.36× | $0M | 13.3% | 0 | — | Consumer Defensive |
| 72 | TON Strategy CoTONX | 21,720 | ₹1,538$163.01M | Loss | 0.41 | 0.01× | $0M | -73.8% | 0 | — | Technology |
| 73 | Tactile Systems Technology, Inc.TCMD | 21,697 | ₹5,033$533.23M | 21.8 | 2.38 | 0.20× | $16M | 11.9% | 0 | — | Healthcare |
| 74 | Hyliion Holdings Corp.HYLN | 21,650 | ₹5,225$553.65M | Loss | 3.27 | 0.06× | $4M | -27.1% | 0 | — | Consumer Cyclical |
| 75 | Immuneering CorporationIMRX | 21,637 | ₹2,326$246.50M | Loss | 1.29 | 0.06× | $4M | -52.1% | 0 | — | Healthcare |
| 76 | CytomX Therapeutics, Inc.CTMX | 21,633 | ₹5,018$531.67M | Loss | 1.76 | 0.21× | $4M | -37.8% | 0 | — | Healthcare |
| 77 | Spruce Biosciences, Inc.SPRB | 21,615 | ₹1,247$132.20M | Loss | 1.58 | 0.19× | $1M | -106.0% | 0 | — | Healthcare |
| 78 | Rocket Pharmaceuticals, Inc.RCKT | 21,583 | ₹2,393$253.58M | Loss | 0.69 | 0.13× | $25M | -4.8% | 0 | — | Healthcare |
| 79 | Vanda Pharmaceuticals Inc.VNDA | 21,573 | ₹2,311$244.87M | Loss | 1.11 | 0.47× | $13M | -77.8% | 0 | — | Healthcare |
| 80 | Weyco Group, Inc.WEYS | 21,517 | ₹4,673$495.12M | 14.5 | 1.94 | 0.18× | $11M | 13.8% | 2.18% | — | Consumer Cyclical |
| 81 | Richardson Electronics, Ltd.RELL | 21,510 | ₹2,457$260.34M | 30.2 | 1.59 | 0.19× | $1M | 5.2% | 1.22% | — | Technology |
| 82 | Arbutus Biopharma CorporationABUS | 21,508 | ₹6,090$645.29M | 5.3 | 2.49 | 0.06× | $1M | 89.6% | 0 | — | Healthcare |
| 83 | Cabaletta Bio, Inc.CABA | 21,507 | ₹2,432$257.71M | Loss | 1.22 | 0.18× | $27M | -93.2% | 0 | — | Healthcare |
| 84 | Lincoln Educational Services CorporationLINC | 21,458 | ₹6,575$696.60M | 30.1 | 3.44 | 0.62× | $204M | 11.9% | 0 | — | Consumer Defensive |
| 85 | Insteel Industries Inc.IIIN | 21,450 | ₹5,536$586.55M | 16.2 | 1.58 | 0.22× | $4M | 10.0% | 0.39% | — | Industrials |
| 86 | Kura Sushi USA, Inc.KRUS | 21,447 | ₹3,946$418.08M | Loss | 1.81 | 0.51× | $170M | -0.9% | 0 | — | Consumer Cyclical |
| 87 | Atrium Therapeutics, Inc.RNA | 21,399 | ₹1,317$139.58M | Loss | 0.65 | 0.24× | $4M | — | 0 | — | Healthcare |
| 88 | Metallus Inc.MTUS | 21,389 | ₹7,867$833.55M | 105.8 | 1.20 | 0.39× | $15M | 1.2% | 0 | — | Basic Materials |
| 89 | Korro Bio, Inc.KRRO | 21,362 | ₹1,674$177.44M | Loss | 1.72 | 0.37× | $43M | -97.7% | 0 | — | Healthcare |
| 90 | PepGen Inc.PEPG | 21,360 | ₹1,762$186.76M | Loss | 1.56 | 0.15× | $17M | -75.5% | 0 | — | Healthcare |
| 91 | Movado Group, Inc.MOV | 21,317 | ₹6,798$720.24M | 17.8 | 1.42 | 0.32× | $79M | 8.4% | 4.94% | — | Consumer Cyclical |
| 92 | Larimar Therapeutics, Inc.LRMR | 21,314 | ₹2,225$235.81M | Loss | 1.85 | 0.23× | $4M | -139.6% | 0 | — | Healthcare |
| 93 | Eikon Therapeutics, Inc.EIKN | 21,307 | ₹4,212$446.32M | Loss | 0.96 | 0.40× | $257M | — | 0 | — | Healthcare |
| 94 | Nkarta, Inc.NKTX | 21,307 | ₹1,176$124.63M | Loss | 0.50 | 0.27× | $76M | -38.8% | 0 | — | Healthcare |
| 95 | Stratasys Ltd.SSYS | 21,306 | ₹5,646$598.22M | Loss | 0.73 | 0.22× | $26M | -13.4% | 0 | — | Technology |
| 96 | Phoenix Education Partners, Inc.PXED | 21,300 | ₹8,360$885.68M | 10.6 | 2.73 | 0.46× | $73M | 25.3% | 3.55% | — | Consumer Defensive |
| 97 | CuriosityStream Inc.CURI | 21,293 | ₹1,613$170.89M | — | 4.12 | 0.39× | $4M | 0.1% | 12.19% | — | Communication Services |
| 98 | Atomera IncorporatedATOM | 21,235 | ₹1,134$120.19M | Loss | 3.24 | 0.08× | $1M | -76.8% | 0 | — | Technology |
| 99 | Sturm, Ruger & Company, Inc.RGR | 21,151 | ₹7,176$760.25M | 63.4 | 2.62 | 0.20× | $1M | 4.2% | 1.68% | — | Industrials |
| 100 | Keros Therapeutics, Inc.KROS | 21,150 | ₹2,124$225.04M | Loss | 0.86 | 0.09× | $17M | -17.2% | 0 | — | Healthcare |
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Questions
Which mini cap companies in the US have no debt?
The first five on PositoAI's list are eGain Corporation (25,049), Organogenesis Holdings Inc. (24,591), MapLight Therapeutics, Inc. (24,402), Niagen Bioscience, Inc. (24,344), Haverty Furniture Companies, Inc. (24,163).
How many mini cap companies in the US report no debt?
240 of the 1,232 mini cap 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.
What is a Mini Cap stock?
Mini Cap is one of PosiCap, PositoAI's own size classes: companies with a market value ₹1,000 Cr to ₹10,000 Cr (about $106M to $1.1B). It is not the SEBI or index definition.
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.