Diligence memo · auto-generated · as of July 2, 2026
Gradient Resources Inc.
Gradient Resources Inc. looks under-valued against its niche peers and is dormant on financing cadence.
Businessfiled
Gradient Resources Inc. operates in Other Energy, based in RENO.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Gradient Resources Inc. has raised $389M in disclosed capital across 15 recorded rounds, aggregated from public filings. Its latest round is modeled as Series D+ (a $100M–$400M round).
Largest single filing: $106M on 2010-01-26.
Most recent recorded round closed around 2015-01-23.
Valuation (modeled)modeled
Provath models Gradient Resources Inc. at approximately $121M (range $54M–$264M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Under-valued. Modeled value is 0.08× the median modeled value of Series D+ Other Energy companies in 2013–2015 (12 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Historic cadence: a new round about every 4 months.
Last raise 11.4 yr ago; this sector typically re-raises about every 12 months.
Silent for over 3× the sector's normal cadence.
The last round was 2.2× smaller than the prior — a bridge or down round.
Comparablesmixed
Capital scale ranks ahead of 99% of Other Energy peers (2048 compared).
Modeled value ranks above 85% of those peers.
Closest niche peers: Mrc Global Inc., Greig Companies, Inc., Par Petroleum Corp/Co, Ftai Energy Partners Llc, Renewable Energy Trust Capital, Inc..
Peoplefiled
24 named people on file across officers, directors and signatories.
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.