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Company

Data443 Risk Mitigation, Inc.

Ticker
ATDS
Sector
Industry
Report date
April 16, 2026
Valye AI Score

78

High visibility
Recent developments
Recent developments summary

No recent news coverage impacting business model or financials was identified in the provided data.

Recent developments:
Overview

Data443 Risk Mitigation, Inc. (formerly LandStar, Inc.) provides comprehensive data security and privacy management solutions across enterprise and cloud environments. The company serves a diverse customer base including commercial enterprises primarily in the U.S. and a large open-source consumer segment globally. Its product suite includes threat intelligence, email and web security, ransomware recovery, data classification and governance, AI runtime governance, and blockchain protection, among others. Data443 operates multiple data centers in the U.S., Germany, and Israel to support its offerings. The company employs a sales model combining direct account management and channel partners, with subscription-based licensing. Professional services complement product sales, offering deployment and customization support. Financially, as of the fiscal year ended December 31, 2025, the company reported a net loss and liquidity challenges, with current liabilities far exceeding current assets and no cash on hand. The company has a history of losses and an accumulated deficit exceeding $64 million, with substantial doubt about its ability to continue as a going concern. Growth strategies include acquisitions, increased R&D investment, customer base expansion, and sales capacity enhancement. The company faces competitive pressures from larger, better-resourced firms and risks related to liquidity, governance, and market volatility.

Executive summary

Financial figures (if any) are summarized from the latest available SEC filings and are provided for informational purposes only — not financial advice. Data443 Risk Mitigation, Inc. is a data security and privacy management solutions provider serving over 10,000 commercial enterprise customers and over 100,000 open-source consumers. The company offers a broad portfolio of modular products and services designed to protect data across cloud, on-premises, and hybrid environments. As of December 31, 2025, the company reported a net loss of approximately $2.57 million, zero cash and cash equivalents, current liabilities significantly exceeding current assets, and substantial doubt about its ability to continue as a going concern. The company plans growth through acquisitions, R&D, and sales expansion but faces liquidity and competitive risks.

Scenarios for ATDS

Bull case model:

Data443 offers a comprehensive suite of data security and privacy products that address growing enterprise needs amid increasing cybersecurity threats and complex regulatory environments. Its modular product design and integration with leading cloud platforms position it to serve diverse customer requirements. The company's strategy to grow through acquisitions, R&D investment, and sales expansion could enhance its market position. Its large open-source user base may provide a pipeline for commercial customer conversion, and its OEM partnerships enable broad transaction processing reach.

Bear case model:

The company faces substantial liquidity challenges, with current liabilities far exceeding current assets and no cash reserves as of the latest fiscal year-end. It has a history of operating losses and accumulated deficits, raising substantial doubt about its ability to continue as a going concern. Competitive pressures from larger, better-capitalized firms may limit market share growth. Governance concentration and reliance on the CEO for funding and control pose additional risks. Failure to secure additional financing or successfully execute growth strategies could impair operations and financial stability.

Moat:

Data443's moat is anchored in its broad and modular product portfolio addressing multiple facets of data security and privacy management, including proprietary technologies such as AI-driven governance and ransomware recovery. Its integration with major cloud platforms and operation of multiple data centers provide infrastructure support. The company's established customer base of over 10,000 commercial enterprises and extensive open-source user community contribute to market presence. However, the company faces significant competitive challenges from larger firms with greater resources and brand recognition, and its financial constraints may limit its ability to invest and scale rapidly.

Risks overview
Risks summary
Liquidity constraints and going concern uncertainty are the most significant risks facing Data443, compounded by competitive pressures and governance concentration.
Risks details:

• Liquidity Risk: The company has zero cash and cash equivalents and a current ratio of 0.08 as of December 31, 2025, indicating significant liquidity constraints that may impair its ability to meet short-term obligations.
• Going Concern Uncertainty: There is substantial doubt about the company's ability to continue as a going concern due to ongoing losses and negative cash flows.
• Competitive Risk: Data443 operates in a highly competitive market with larger companies possessing greater resources, brand recognition, and sales capabilities.
• Governance and Control Risk: The board consists of a single individual who is also the CEO, concentrating control and potentially limiting independent oversight.
• Financing Risk: The company requires additional financing to sustain operations and execute its business plan, with no assurance that such financing will be available on acceptable terms.

FINAL FORECAST FOR ATDS

Final take one line
Data443 Risk Mitigation, Inc. is a data security solutions provider with detailed SEC disclosures but faces significant liquidity and going concern risks.
Final take 12 to 24 month view

Business trends: Increasing enterprise demand for data security amid complex regulatory environments and rising cyber threats.
Execution milestones: Expansion through acquisitions, R&D investment, sales force growth, and product innovation.
Key risks: Liquidity constraints, going concern uncertainty, competitive pressures, governance concentration, and financing availability.

Valye AI Visibility Research Score

High visibility

Visibility score reflects the breadth and consistency of available disclosure across SEC filings, recent public reporting, and baseline business context (research-only; not investment advice).

78
LLM visibility overview
LLM Visibility known facts
  • Data443 Risk Mitigation, Inc. (formerly LandStar, Inc.) provides data security and privacy management solutions across enterprise and cloud environments.
  • The company serves over 10,000 commercial enterprise customers primarily in the U.S., ranging from 500 to over 150,000 employees, and over 100,000 open-source consumers globally.
  • Its product portfolio includes modular data security and privacy products such as Cyren Threat Intelligence Service, Email Security Engine, Threat InDepth, Web Security Engine, Malware Detection, Hybrid Analyzer, Data443 Ransomware Recovery Manager, Data Identification Manager, Data Archive Manager, Sensitive Content Manager, TacitRed data intelligence platform, Vaikora AI governance platform, Data Placement Manager, Access Control Manager, Blockchain Protection Manager, Global Privacy Manager, IntellyWP, Chat History Scanner, and GDPR/CCPA/LGPD WordPress plugins.
  • The company operates two data centers in the U.S., two in Germany, and one in Israel to deliver its services.
  • Data443 sells products primarily through a combination of direct account management and channel partners, using subscription models with paid-in-advance, multiyear auto-renewing terms.
  • The company focuses sales and marketing on organizations with 500 or more users adopting cloud services, aiming for larger purchases and higher lifetime value.
  • It provides professional services including training, deployment planning, network design, product configuration, and customization to enterprise customers.
  • The company processes over 3 billion monthly transactions for security classification and categorization via its OEM and partner ecosystem.
  • Financial figures as of December 31, 2025, include cash and cash equivalents of $0, current assets of approximately $1.44 million, current liabilities of approximately $18.2 million, resulting in a current ratio of 0.08 and a cash ratio of 0.
  • The company reported a net loss of approximately $2.57 million and basic and diluted EPS of -$0.004 for the fiscal year ended December 31, 2025.
  • Data443 has a history of operating losses and an accumulated deficit of over $64 million as of December 31, 2025, with substantial doubt about its ability to continue as a going concern.
  • The company plans to grow through acquisitions, increased R&D spending, expanding its customer base, and sales capacity.
  • It faces competition from larger, better-capitalized companies with greater resources and brand recognition.
  • The company has secured debt and outstanding preferred stock with special rights that may limit corporate transactions and affect common stockholders.
  • The CEO has significant control over corporate matters, and the board currently consists of one individual who is also the executive officer.
  • The company is in the process of adopting corporate governance measures in preparation for Nasdaq listing.
  • Liquidity constraints and the need for additional financing are material risks to the company's operations and growth plans.
Sources
Sources - Context summary

Generated 2026-04-16

Sources - Earning calls
Sources - Other context
Sources - SEC Filings
  • S1 | 2026-04-15 | 10-K
  • S2 | 2025-11-14 | 10-Q
Sources - News headlines
Important legal disclaimer

This material is for informational purposes only and does not constitute investment, financial, legal or tax advice, or an offer or solicitation to buy or sell any security. The Valye AI Score is a model-based estimate derived from public information and is subject to change without notice. No representation or warranty, express or implied, is made as to the accuracy, completeness or fairness of the information herein. Past performance is not indicative of future results. Investors should conduct their own research and consult a qualified financial adviser before making any investment decisions.

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