Who appears on this list?

Only companies whose trailing twelve month net income is below zero. They are ranked by the size of the loss, so the biggest dollar losses sit at the top. Profitable companies are excluded.

Is a large loss always a red flag?

Not always. Heavy investment, one-time write-downs, or early-stage growth can drive a reported loss while the business is healthy. Open any company for its cash flow and balance sheet before drawing a conclusion.

Browse all

Companies Losing the Most Money

How This List Is Built

Companies with the largest trailing twelve month net loss, converted to US dollars and ranked most-negative first. Only companies that lost money over the last year appear here.

We sum net income from the latest four quarterly income statements, convert to US dollars, keep only companies below zero, and rank by the most negative figure first. Refreshed nightly.

Frequently Asked Questions

Who appears on this list?: Only companies whose trailing twelve month net income is below zero. They are ranked by the size of the loss, so the biggest dollar losses sit at the top. Profitable companies are excluded.
Is a large loss always a red flag?: Not always. Heavy investment, one-time write-downs, or early-stage growth can drive a reported loss while the business is healthy. Open any company for its cash flow and balance sheet before drawing a conclusion.

S&P 500

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Nasdaq Composite

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Dow Jones

52,757.54+0.50%261.66

Browse all

Companies Losing the Most Money

Data as of Oct 21, 2026prices update during market hours (15-min delayed)all figures in USD

Sort:

#Rank	Company					30d	Country
1	Strategy IncMSTR	−$30.41B	$61.73B	$153.39	+7.48%$10.67		US
2	Stellantis N.V.STLA	−$23.93B	$12.24B	$4.23	−2.31%$0.10		NL
3	Intel Corp.INTC	−$11.29B	$487.96B	$92.31	+0.68%$0.62		US
4	Ford Motor CompanyF	−$7.40B	$47.47B	$11.91	−2.02%$0.24		US
5	Lumentum Holdings Inc.LITE	−$6.94B	$77.35B	$853.91	+3.82%$31.40		US
6	Meituan83690.HK	−$5.75B	$53.23B	$9.52	−1.70%$0.16		CN
7	EchoStar CorporationECHO	−$5.67B	$26.85B	$92.43	+7.00%$6.04		US
8	Saudi Basic Industries Corporation2010.SR	−$5.47B	$36.26B	$12.09	+3.18%$0.37		SA
9	Centene Corp.CNC	−$5.10B	$34.80B	$70.45	−0.51%$0.36		US
10	VinFast Auto Ltd.VFS	−$4.85B	$6.95B	$2.97	+3.48%$0.10		VN
11	Exor N.V.EXO.AS	−$4.82B	$25.24B	$76.67	+0.00%$0.00		NL
12	Brookfield Renewable CorporationBEPC	−$4.73B	$4.47B	$29.65	+3.80%$1.09		US
13	Mobileye Global Inc.MBLY	−$4.06B	$5.94B	$6.99	−4.29%$0.31		IL
14	Nexi S.p.A.NEXI.MI	−$3.76B	$5.88B	$5.01	+1.09%$0.05		IT
15	Telefónica, S.A.TEF.MC	−$3.71B	$21.57B	$3.83	+0.32%$0.01		ES
16	Marathon Digital Holdings, Inc.MARA	−$3.46B	$3.04B	$7.88	+5.35%$0.40		US
17	Greenland Holdings Corporation Limited600606.SS	−$3.45B	$2.78B	$0.20	+0.76%$0.00		CN
18	International Paper CompanyIP	−$3.44B	$17.83B	$33.66	−0.09%$0.03		US
19	The Kraft Heinz CompanyKHC	−$3.40B	$27.83B	$23.47	−1.53%$0.36		US
20	Fosun International Limited0656.HK	−$3.34B	$4.78B	$0.59	−5.43%$0.03		HK
21	Gilead Sciences, Inc.GILD	−$3.24B	$190.73B	$153.82	−1.72%$2.69		US
22	Rivian Automotive, Inc.RIVN	−$3.23B	$18.06B	$12.51	+0.60%$0.08		US
23	Nidec Corporation6594.T	−$3.21B	$12.78B	$11.14	+0.23%$0.03		JP
24	Moderna, Inc.MRNA	−$3.15B	$100.89B	$252.71	+4.39%$10.63		US
25	Liberty Global plcLBTYB	−$3.03B	$3.59B	$11.77	−2.40%$0.29		BM
26	Anglo American plcAAL.L	−$2.72B	$55.07B	$51.40	−1.54%$0.80		GB
27	Nissan Motor Co., Ltd.7201.T	−$2.62B	$6.12B	$1.75	−0.97%$0.02		JP
28	CSL LimitedCSL.AX	−$2.53B	$66.07B	$137.68	−0.11%$0.15		AU
29	Momenta Global Ltd. Class A6880.HK	−$2.40B	$4.37B	$21.21	−1.01%$0.22		CN
30	Molson Coors Beverage CompanyTAP	−$2.31B	$7.37B	$39.40	−2.00%$0.81		US
31	Molson Coors Canada Inc.TPX-B.TO	−$2.27B	$7.55B	$40.48	+0.00%$0.00		CA
32	Shenzhen Overseas Chinese Town Co.,Ltd.000069.SZ	−$2.26B	$2.11B	$0.26	+0.00%$0.00		CN
33	Chongqing Zhifei Biological Products Co., Ltd.300122.SZ	−$2.24B	$4.57B	$1.91	+1.92%$0.04		CN
34	Fluor CorporationFLR	−$2.00B	$6.24B	$46.65	+3.25%$1.47		US
35	Bayer AktiengesellschaftBAYN.DE	−$1.95B	$49.22B	$50.10	+2.64%$1.29		DE
36	TeraWulf Inc.WULF	−$1.95B	$6.44B	$12.92	+7.54%$0.91		US
37	CoreWeave, Inc. Class A Common StockCRWV	−$1.93B	$34.13B	$61.88	−0.40%$0.25		US
38	Conagra Brands, Inc.CAG	−$1.91B	$6.68B	$13.98	−3.17%$0.46		US
39	BioNTech SEBNTX	−$1.90B	$22.99B	$91.52	+0.39%$0.35		DE
40	Bayer AGBAYRY	−$1.86B	$49.04B	$12.48	+2.21%$0.27		DE
41	Octave Intelligence plcOCTV	−$1.82B	$5.68B	$21.17	+3.33%$0.68		US
42	Cosan S.A.CSAN3.SA	−$1.77B	$3.98B	$1.01	−3.80%$0.04		BR
43	Revolution Medicines, Inc.RVMD	−$1.77B	$41.75B	$194.80	−0.89%$1.75		US
44	StubHub Holdings, Inc.STUB	−$1.77B	$2.11B	$5.92	−0.42%$0.02		US
45	Perrigo Company plcPRGO	−$1.73B	$2.19B	$15.86	−1.95%$0.31		IE
46	Transocean Ltd.RIG	−$1.66B	$6.72B	$6.02	+3.44%$0.20		CH
47	Guangzhou Automobile Group Co., Ltd.601238.SS	−$1.60B	$7.50B	$0.74	−0.81%$0.01		CN
48	Xiamen C&D Inc.600153.SS	−$1.60B	$3.74B	$1.29	+0.12%$0.00		CN
49	Figma, Inc.FIG	−$1.58B	$11.25B	$23.08	+1.60%$0.36		US
50	Opendoor Technologies Inc.OPEN	−$1.52B	$1.89B	$1.95	−5.34%$0.11		US
51	Wingtech Technology Co.,Ltd600745.SS	−$1.44B	$2.28B	$1.75	−6.10%$0.11		CN
52	Core Scientific, Inc.CORZ	−$1.44B	$4.63B	$14.40	+4.39%$0.61		US
53	LG Energy Solution, Ltd.373220.KS	−$1.43B	$72.51B	$309.86	−0.60%$1.88		KR
54	Tianshan Material Co., Ltd.000877.SZ	−$1.43B	$3.81B	$0.54	+0.00%$0.00		CN
55	dsm-firmenich AGDSFIR.AS	−$1.43B	$29.58B	$121.06	+0.33%$0.39		CH
56	Space Exploration Technologies Corp.SPCX	−$1.42B	$2.09T	$158.40	+7.18%$10.61		US
57	IonQ, Inc.IONQ	−$1.41B	$13.08B	$32.28	+3.26%$1.02		US
58	Sony Group CorporationSONY	−$1.40B	$150.25B	$25.06	−0.61%$0.15		JP
59	BullishBLSH	−$1.38B	$4.49B	$29.58	+3.03%$0.87		KY
60	Atos SEAEXAY	−$1.36B	$3.36B	$6.00	+0.00%$0.00		FR
61	Forvia SEFURCF	−$1.33B	$2.02B	$10.30	+0.00%$0.00		FR
62	Riot Platforms, Inc.RIOT	−$1.32B	$5.32B	$14.18	+2.98%$0.41		US
63	Dentsu Group Inc.4324.T	−$1.31B	$6.20B	$23.88	−1.41%$0.34		JP
64	Accelerant HoldingsARX	−$1.30B	$4.29B	$19.76	+0.00%$0.00		KY
65	Westlake CorporationWLK	−$1.24B	$7.78B	$60.84	−2.95%$1.85		US
66	Ralliant CorpRAL	−$1.23B	$7.65B	$69.10	+3.21%$2.15		US
67	TCL Zhonghuan Renewable Energy Technology Co.,Ltd.002129.SZ	−$1.23B	$5.35B	$1.32	−0.56%$0.01		CN
68	China National Building Material Company LimitedCBUMF	−$1.23B	$3.54B	$0.47	+0.00%$0.00		CN
69	Dow Inc.DOW	−$1.21B	$21.93B	$30.36	−1.09%$0.33		US
70	Tongwei Co.,Ltd600438.SS	−$1.18B	$7.41B	$1.68	+0.00%$0.00		CN
71	Celanese CorporationCE	−$1.17B	$5.18B	$47.19	−0.69%$0.33		US
72	West Fraser Timber Co. Ltd.WFG	−$1.16B	$5.09B	$66.96	+0.86%$0.57		CA
73	Aumovio SEAMV0.DE	−$1.14B	$3.96B	$39.57	−3.16%$1.29		DE
74	LG Chem, Ltd.051910.KS	−$1.14B	$15.06B	$192.39	+1.19%$2.26		KR
75	LONGi Green Energy Technology Co., Ltd.601012.SS	−$1.13B	$12.44B	$1.65	+0.37%$0.01		CN
76	Acadia Healthcare Company, Inc.ACHC	−$1.13B	$2.93B	$31.43	−0.01%$0.00		US
77	Cipher Mining Inc.CIFR	−$1.12B	$3.82B	$9.20	+3.64%$0.32		US
78	Bausch Health Companies Inc.BHC	−$1.10B	$2.41B	$6.45	+0.39%$0.02		CA
79	Snowflake Inc.SNOW	−$1.09B	$114.22B	$323.76	+1.30%$4.14		US
80	Honda Motor Co., Ltd.HMC	−$1.07B	$44.10B	$33.98	−0.80%$0.28		JP
81	Vaxcyte, Inc.PCVX	−$1.06B	$9.77B	$63.73	−3.77%$2.50		US
82	Baxter International Inc.BAX	−$1.06B	$12.71B	$24.58	+0.29%$0.07		US
83	Teleflex IncorporatedTFX	−$1.03B	$5.50B	$129.79	−1.04%$1.36		US
84	Lumen Technologies, Inc.LUMN	−$1.02B	$4.57B	$4.43	−1.03%$0.05		US
85	LG Display Co., Ltd.LPL	−$1.02B	$2.66B	$2.66	+0.57%$0.02		KR
86	Roblox CorporationRBLX	−$1.00B	$37.57B	$52.59	+0.46%$0.24		US
87	CleanSpark, Inc.CLSK	−$997.82M	$2.26B	$8.81	+4.45%$0.38		US
88	ImmunityBio, Inc.IBRX	−$992.36M	$9.09B	$8.58	−2.22%$0.20		US
89	Coinbase Global, Inc.COIN	−$987.77M	$46.93B	$177.89	+4.12%$7.04		US
90	Z.AI Co. Ltd.2513.HK	−$982.33M	$30.81B	$63.19	+2.31%$1.43		CN
91	ROHM Co., Ltd.6963.T	−$963.85M	$9.66B	$25.03	+1.41%$0.35		JP
92	Global Payments Inc.GPN	−$955.85M	$22.16B	$83.74	−1.27%$1.08		US
93	Link Real Estate Investment Trust0823.HK	−$942.30M	$12.72B	$4.84	−0.31%$0.02		HK
94	Equitable Holdings, Inc.EQH	−$926.00M	$14.95B	$54.74	+1.33%$0.72		US
95	Synaptics IncorporatedSYNA	−$917.60M	$4.68B	$117.86	+0.32%$0.38		US
96	PENN Entertainment, Inc.PENN	−$906.80M	$1.98B	$14.80	−1.07%$0.16		US
97	Alexandria Real Estate Equities, Inc.ARE	−$904.00M	$7.40B	$42.47	−0.42%$0.18		US
98	General Mills, Inc.GIS	−$894.80M	$17.38B	$32.50	−2.78%$0.93		US
99	Vend Marketplaces ASAVEND.OL	−$881.53M	$4.83B	$23.52	−0.63%$0.15		NO
100	SK Innovation Co., Ltd.096770.KS	−$878.96M	$19.64B	$116.19	+4.19%$4.67		KR
101	Joby Aviation, Inc.JOBY	−$878.16M	$4.64B	$4.67	+0.32%$0.02		US
102	Insmed IncorporatedINSM	−$875.31M	$20.59B	$94.27	−1.46%$1.40		US
103	Delivery Hero SEDHER.DE	−$874.42M	$12.93B	$42.21	−0.66%$0.28		DE
104	Sun Communities, Inc.SUI	−$863.20M	$14.20B	$116.61	−2.36%$2.82		US
105	Mirum Pharmaceuticals, Inc.MIRM	−$860.21M	$5.42B	$83.51	−1.83%$1.56		US
106	BETA Technologies, Inc.BETA	−$858.24M	$4.24B	$18.81	+3.64%$0.66		US
107	Summit Therapeutics Inc.SMMT	−$856.09M	$12.56B	$15.74	−2.16%$0.35		US
108	Flutter Entertainment plcFLUT	−$795.00M	$13.71B	$79.02	+0.04%$0.03		US
109	Entain plcGVC.VI	−$774.87M	$3.88B	$6.07	+5.42%$0.31		IM
110	Coupang, Inc.CPNG	−$767.00M	$25.06B	$13.94	−2.65%$0.38		US
111	SKC Co., Ltd.011790.KS	−$763.27M	$3.35B	$68.90	−0.87%$0.60		KR
112	Treasury Wine Estates LimitedTWE.AX	−$756.78M	$3.34B	$4.13	−0.84%$0.04		AU
113	Angang Steel Company Limited000898.SZ	−$744.41M	$2.59B	$0.30	+0.00%$0.00		CN
114	Netskope, Inc. Class A Common StockNTSK	−$737.16M	$8.78B	$21.48	+8.38%$1.66		US
115	Shanghai Yuyuan Tourist Mart (Group) Co., Ltd.600655.SS	−$718.49M	$2.57B	$0.67	+0.00%$0.00		CN
116	IREN LimitedIREN	−$702.62M	$11.06B	$28.07	+5.45%$1.45		AU
117	JA Solar Technology Co., Ltd.002459.SZ	−$702.49M	$3.19B	$0.97	−0.31%$0.00		CN
118	BridgeBio Pharma, Inc.BBIO	−$696.24M	$13.30B	$68.05	+0.74%$0.50		US
119	PPB Group Berhad4065.KL	−$690.45M	$3.00B	$2.11	+0.00%$0.00		MY
120	Li Auto Inc.LI	−$688.03M	$11.90B	$11.49	−3.73%$0.44		CN
121	NIO Inc.NIO	−$683.48M	$8.01B	$3.32	−3.21%$0.11		CN
122	Unite Group PlcUTG.L	−$677.55M	$3.14B	$6.11	+0.93%$0.06		GB
123	Jinko Solar Co., Ltd.688223.SS	−$675.55M	$5.83B	$0.57	+1.60%$0.01		CN
124	Hut 8 Corp.HUT	−$675.36M	$8.86B	$71.91	+4.16%$2.87		US
125	Owens CorningOC	−$670.00M	$8.86B	$112.05	+0.21%$0.24		US
126	TELUS CorporationTU	−$652.58M	$13.27B	$8.43	−0.41%$0.04		CA
127	Trina Solar Co., Ltd688599.SS	−$650.91M	$3.66B	$1.56	+0.10%$0.00		CN
128	Poly Developments and Holdings Group Co., Ltd.600048.SS	−$645.93M	$9.73B	$0.81	+0.74%$0.01		CN
129	Genscript Biotech Corporation1548.HK	−$636.40M	$9.83B	$4.37	+2.69%$0.11		HK
130	Avis Budget Group, Inc.CAR	−$636.00M	$3.52B	$99.53	−2.85%$2.92		US
131	New Hope Liuhe Co.,Ltd.000876.SZ	−$635.15M	$4.62B	$1.03	+2.24%$0.02		CN
132	Cyfrowy Polsat S.A.CPS.WA	−$634.04M	$2.48B	$4.51	+2.10%$0.09		PL
133	BAIC BluePark New Energy Technology Co.,Ltd.600733.SS	−$627.98M	$4.02B	$0.63	−2.99%$0.02		CN
134	Standard Life plcSDLF.L	−$621.06M	$12.32B	$12.29	+0.99%$0.12		GB
135	Skydance CorporationSKYD	−$621.00M	$8.57B	$7.85	+10.49%$0.75		US
136	StepStone Group Inc.STEP	−$613.20M	$5.46B	$42.33	−1.48%$0.64		US
137	Coty Inc.COTY	−$604.80M	$2.69B	$3.06	−5.12%$0.16		US
138	Nikon Corporation7731.T	−$596.24M	$3.64B	$11.06	+1.42%$0.15		JP
139	Unity Software Inc.U	−$586.86M	$18.20B	$41.36	+2.99%$1.20		US
140	Avantor, Inc.AVTR	−$578.00M	$11.66B	$17.25	+3.76%$0.63		US
141	Ionis Pharmaceuticals, Inc.IONS	−$564.78M	$7.41B	$44.61	−1.75%$0.79		US
142	Groupe Bruxelles Lambert S.A.GBLB.BR	−$561.13M	$10.06B	$84.19	+3.45%$2.81		BE
143	AMC Entertainment Holdings, Inc.AMC	−$554.10M	$2.72B	$3.05	−0.90%$0.03		US
144	Baidu, Inc.BIDU	−$552.96M	$26.70B	$78.42	−2.58%$2.08		CN
145	Embracer Group AB0GFE.L	−$542.56M	$2.02B	$9.52	+1.48%$0.14	—	SE
146	Viking Therapeutics, Inc.VKTX	−$534.80M	$3.35B	$26.37	−1.27%$0.34		US
147	Natura & Co Holding S.A.NATU3.SA	−$528.53M	$2.08B	$1.51	−0.78%$0.01		BR
148	Dyne Therapeutics, Inc.DYN	−$519.41M	$3.00B	$16.06	−1.29%$0.21		US
149	Icahn Enterprises L.P.IEP	−$517.00M	$4.37B	$6.15	−4.06%$0.26		US
150	Cerebras Systems Inc.CBRS	−$512.35M	$26.31B	$116.16	−1.76%$2.08		US

How This List Is Built

Companies with the largest trailing twelve month net loss, converted to US dollars and ranked most-negative first. Only companies that lost money over the last year appear here.

We sum net income from the latest four quarterly income statements, convert to US dollars, keep only companies below zero, and rank by the most negative figure first. Refreshed nightly.

Frequently Asked Questions

Who appears on this list?: Only companies whose trailing twelve month net income is below zero. They are ranked by the size of the loss, so the biggest dollar losses sit at the top. Profitable companies are excluded.
Is a large loss always a red flag?: Not always. Heavy investment, one-time write-downs, or early-stage growth can drive a reported loss while the business is healthy. Open any company for its cash flow and balance sheet before drawing a conclusion.