📊 BACK Key Takeaways
Is IMAC Holdings, Inc. (BACK) a Good Investment?
IMAC Holdings is in severe financial distress with negative stockholders' equity of -$13.0M, indicating the company is technically insolvent. The company generated only $22.7K in revenue against operating losses of -$6.8M and negative operating cash flow of -$3.8M, demonstrating fundamental business deterioration. With a current ratio of 0.02x and minimal cash reserves of $45.1K against $8.0M in liabilities, the company faces imminent liquidity crisis and potential bankruptcy.
IMAC Holdings shows severe fundamental deterioration, with negligible revenue, deeply negative gross and operating margins, and losses that are many multiples of sales. The balance sheet is distressed, with negative equity, minimal cash, extremely weak liquidity, and persistent cash burn, leaving the company highly dependent on restructuring, external financing, or a business reset rather than organic improvement.
Why Buy IMAC Holdings, Inc. Stock? BACK Key Strengths
- No strengths identified
- The company is still generating some revenue, indicating residual operating activity remains
- Absolute asset and revenue base is very small, which could make a restructuring simpler than at a larger operator
- Recent SEC data provides visibility into the company’s financial distress and cash needs
BACK Stock Risks: IMAC Holdings, Inc. Investment Risks
- Negative stockholders' equity of -$13.0M indicates technical insolvency and wipeout risk for equity holders
- Revenue collapse to $22.7K with massive operating losses of -$6.8M indicates core business failure
- Critical liquidity crisis with current ratio of 0.02x and only $45.1K cash against $8.0M total liabilities
- Negative operating cash flow of -$3.8M demonstrates inability to fund operations from business activities
- Long-term debt of $4.4M with no viable path to repayment given negative earnings and minimal revenue
- Extreme negative margins across all profitability metrics indicate fundamental business model failure
- Profitability is exceptionally weak, with negative gross, operating, and net margins that suggest the core business model is not currently viable
- Financial health is critical, with only $45.05K of cash, a 0.02x current ratio, and negative stockholders equity
- Cash flow is deeply negative, with operating cash burn and negative free cash flow increasing dependence on outside capital
Key Metrics to Watch
- Stockholders' equity trend and path to solvency
- Revenue stabilization and return to positive operations
- Operating cash flow and ability to meet debt obligations
- Cash burn rate and runway before insolvency
- Quarterly revenue recovery versus operating expense run-rate
- Cash balance and operating cash burn relative to near-term liabilities
IMAC Holdings, Inc. (BACK) Financial Metrics & Key Ratios
💡 AI Analyst Insight
The current ratio below 1.0x warrants monitoring of short-term liquidity.
BACK Profit Margin, ROE & Profitability Analysis
BACK vs Services Sector: How IMAC Holdings, Inc. Compares
How IMAC Holdings, Inc. compares to Services sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
Is IMAC Holdings, Inc. Stock Overvalued? BACK Valuation Analysis 2026
Based on fundamental analysis, IMAC Holdings, Inc. has mixed fundamental signals relative to the Services sector in 2026.
Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.
IMAC Holdings, Inc. Balance Sheet: BACK Debt, Cash & Liquidity
BACK Revenue & Earnings Growth: 5-Year Financial Trend
5-Year Trend Summary: IMAC Holdings, Inc.'s revenue has declined by 100% over the 5-year period, indicating business contraction. The most recent EPS of $-8.47 indicates the company is currently unprofitable.
BACK Revenue Growth, EPS Growth & YoY Performance
BACK Quarterly Earnings & Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q3 2025 | $21.2K | -$2.2M | $-1.15 |
| Q2 2025 | $1.5K | -$1.4M | $-0.89 |
| Q1 2025 | $1.5K | -$407.2K | $0.35 |
| Q3 2024 | $56.3K | -$2.2M | $-1.38 |
| Q2 2024 | $15.8K | -$1.4M | $-1.28 |
| Q3 2023 | $1.6M | -$1.4M | $-2.63 |
| Q2 2023 | $1.3M | -$1.4M | $-0.04 |
| Q1 2023 | $2.1M | -$3.2M | N/A |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
IMAC Holdings, Inc. Dividends, Buybacks & Capital Allocation
BACK SEC Filings: Latest 10-K & 10-Q Analysis
Access official SEC EDGAR filings for IMAC Holdings, Inc. (CIK: 0001729944)
📋 Recent SEC Filings
❓ Frequently Asked Questions about BACK
What is the AI rating for BACK?
IMAC Holdings, Inc. (BACK) has a Combined AI Rating of STRONG SELL from Claude (STRONG SELL) and ChatGPT (STRONG SELL) with 96% combined confidence, based on fundamental analysis of SEC EDGAR filings.
What are BACK's key strengths?
Claude: . ChatGPT: The company is still generating some revenue, indicating residual operating activity remains. Absolute asset and revenue base is very small, which could make a restructuring simpler than at a larger operator.
What are the risks of investing in BACK?
Claude: Negative stockholders' equity of -$13.0M indicates technical insolvency and wipeout risk for equity holders. Revenue collapse to $22.7K with massive operating losses of -$6.8M indicates core business failure. ChatGPT: Profitability is exceptionally weak, with negative gross, operating, and net margins that suggest the core business model is not currently viable. Financial health is critical, with only $45.05K of cash, a 0.02x current ratio, and negative stockholders equity.
What is BACK's revenue and growth?
IMAC Holdings, Inc. reported revenue of $22.7K.
Does BACK pay dividends?
IMAC Holdings, Inc. does not currently pay dividends.
Where can I find BACK SEC filings?
Official SEC filings for IMAC Holdings, Inc. (CIK: 0001729944) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is BACK's EPS?
IMAC Holdings, Inc. has a diluted EPS of $-3.11.
How is the AI analysis conducted?
Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.
Is BACK a good stock to buy right now?
Based on our AI fundamental analysis in April 2026, IMAC Holdings, Inc. has a STRONG SELL rating with 96% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.
Is BACK stock overvalued or undervalued?
Valuation metrics for BACK: ROE of N/A (sector avg: 16%), net margin of -32,560.3% (sector avg: 10%). Compare these metrics with sector averages to assess valuation.
Should I buy BACK stock in 2026?
Our dual AI analysis gives IMAC Holdings, Inc. a combined STRONG SELL rating for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.
What is BACK's free cash flow?
IMAC Holdings, Inc.'s operating cash flow is $-3.8M, with capital expenditures of $331.4K. FCF margin is -18,015.1%.
How does BACK compare to other Services stocks?
Vs Services sector averages: Net margin -32,560.3% (avg: 10%), ROE N/A (avg: 16%), current ratio 0.02 (avg: 1.5).