OpenWorld Inc. (OPNW) — RQD Stock Rating Cockpit

Per the Roarable RQD rating, OPNW scores 31 out of 100 with a letter grade of E, labeled "Roarable Strong Sell — Forensic Risk / Avoid." The five pillars are: Fundamental Cash Engine at 8/20 (ROIC of -35% and FCF yield of 3.56%); Whale 13F Flow at 3/20 (institutional accumulation and options positioning); Insider Conviction at 8/20 (SEC Form 4 and Congressional PTR cluster flow); Macro Regime Fit at 7/20 (Beta 1.0 and sector sensitivity); and Forensic Balance Sheet at 5/20 (Altman Z 0.2, Piotroski F 5/9, Debt/Equity 0.5).

For a prospective investor, the rating's weakest pillars are institutional flow and the forensic balance sheet. An Altman Z of 0.2 sits in the range the rating treats as forensic distress, and the Whale 13F Flow pillar's low score suggests limited institutional support. The FCF yield of 3.56% is the one cash-generation datapoint offered, but it is set against a -35% ROIC, so the cash profile does not offset the return profile. Upside drivers would need to come from a turnaround in operating performance, which the source data does not evidence. Valuation tradeoffs are difficult to assess because P/E, Forward P/E, EV/EBITDA, and EPS are not available in source data.

Per the profile, OpenWorld Inc. is a NASDAQ-listed issuer in the Technology sector and EDP Services industry. The source data does not describe its products, its customers, or its revenue model. Per the market data, gross margin is 38.5%, but the business lines that produce this margin are not identified in source data.

Per the SEC financials, revenue declined from $25.3M in FY 2023 to $16.4M in FY 2025, and operating losses widened from $-3.3M to $-5.1M over the same span. Per the market data, operating margin is -30.9% and net margin is -29.9%, with ROIC at -35%. The RQD rating reports an Altman Z-Score of 0.2 and a Piotroski F-Score of 5/9, and a Debt/Equity ratio of 0.5. Cash is reported only for FY 2024 ($2.8M); debt is not available in source data for any period.

Per the recent news feed, five items reference OPNW, all tagged YELLOW with impact label MARKET WIRE. Three are generic quote and profile pages from Yahoo Finance Singapore, FinancialContent, and Yahoo! Finance Canada. Two contain substantive headlines: a Moomoo report titled "OpenWorld Confirms Q4 2026 Launch of Figure OPEN Dual Listing and Blockchain Common Stock," and a GlobeNewswire item titled "OpenWorld Confirms Dual Listing on Figure OPEN on Track for." A Stock Titan item references "a proposed 10,000-home AI network" that would use Tesla Powerwall batteries and states OpenWorld "outlines financing." The feed provides headlines only, so the financing terms and timing are not available in source data. Per the Butterfly Supply-Chain Graph, no proprietary signals are recorded.

Per the Butterfly Supply-Chain Graph, supply chain status is NONE, with no butterfly links and no proprietary signals recorded. Upstream and downstream dependencies, sector correlations, and second-order bottlenecks are not available in source data. An investor should note that the only identified sector context is Technology / EDP Services, and the Macro Regime Fit pillar's sector-sensitivity scoring is the only sector-level input in the rating.

• What is the revenue trajectory behind the decline from $25.3M to $16.4M, and what is driving it?
• What are the financing terms and timing for the proposed 10,000-home AI network, and how would it affect the FCF and debt profile?
• What is the cash and debt position in FY 2025 and FY 2023, which the source data does not report?
• What is the status and timing of the Figure OPEN dual listing and the Q4 2026 blockchain common stock launch?
• Given the 52-week range of $0.91 to $19.5, what events drove the price decline, and does the -12.23% daily move reflect a specific catalyst?