Financial Analysis
Filing-based analysis. Market pricing is not included. Fundamentals from SEC filings; economic data from FRED and the BLS. About our data
Filing evidence summary
Mixed evidenceCoverage 4/5 core metricsOperating margin changed -3.4 percentage points from the prior annual period.
Backward-looking filed evidence under visible rules - not a rating, forecast or investment advice. Missing data is never scored.
Evidence signals
- Operating margin compressed
Operating margin changed -3.4 percentage points from the prior annual period.
Why this surfaced
Direction threshold: more than +1 percentage point constructive; below -1 point caution. Period end 2025-12-31.
- No current rule-based risk flags
1 filing-based checks were evaluable.
Why this surfaced
The full financial analysis shows each value, threshold, and sector limitation.
- Revenue expanded
Latest reported annual revenue changed +11.5% from the prior reported annual observation.
Why this surfaced
Direction threshold: above +2% constructive; below -2% caution; otherwise monitor. This is not labeled one-year growth when filing periods have a gap. Period end 2025-12-31.
Core trend metrics
Hover a tile for its exact definition; the Statements tab carries per-cell filing citations.
Where to look next
Risk checks
Financial movement
- Cash→ flat
- Long-term debt→ flat
- Inventory→ flat
- Receivables→ flat
- Current assets→ flat
Source & freshness
- Source
- SEC EDGAR XBRL
- Fetched
- 2026-09-06
- Latest period end
- 2025-12-31
- Filings
- EDGAR ↗
Reported segment mix
figures as filed · share of the filed sum · change vs the prior period in the same filing- Quant And Solutions$192Mshare n/a+8.7% yoy
member sum exceeds the consolidated figure: this axis carries more than one breakdown, so shares are not computed.
- Asset Management1$518M100.0%+20.1% yoy
Members sum to $518M against $564M consolidated (residual $46M) - eliminations or corporate lines the filer did not tag on this axis.
- Asset Management1$159M100.0%+41.1% yoy
Change is against the same quarter a year earlier, as reported in the same 10-Q.
Source: SEC DERA Financial Statement and Notes data sets. Dimensional XBRL facts on the business-segment, product/service and geographic axes; the engine keeps the accession of every figure. Descriptive and educational, not advice.
Peer percentiles
latest fiscal year ending 2025-12-31 · among 4,104 US-listed filers · 898 in Financials| Metric | Value | vs all filers | vs sector |
|---|---|---|---|
Revenue latest fiscal-year revenue as filed | $564M | 46thof 3,301 middle third | 54thof 541 middle third |
Revenue growth latest fiscal-year revenue vs the prior fiscal year | 11.5% | 65thof 3,135 middle third | 64thof 518 middle third |
Operating margin operating income ÷ revenue | 23.4% | 89thof 2,819 top third | 67thof 234 top third |
Net margin net income ÷ revenue | 14.2% | 79thof 3,263 top third | 49thof 534 middle third |
Cash conversion operating cash flow ÷ net income (net income > 0) | -0.0× | 10thof 2,135 bottom third | 17thof 656 bottom third |
Cash-flow accrual ratio (net income − operating cash flow) ÷ average total assets · lower is ranked higher | 11.9% | 3rdof 3,291 bottom third | 2ndof 761 bottom third |
Balance-sheet accrual ratio change in net operating assets ÷ average net operating assets · lower is ranked higher | -49.1% | 91stof 2,805 top third | 94thof 694 top third |
Each filer's latest fiscal year as stored by the nightly crawl; fiscal year ends differ across the universe. A metric ranks only filers for which it is computable from filed facts. Ties split; a rank reads "better than N% of filers" in the metric's own direction. Descriptive and educational, not a rating.
Earnings quality
latest fiscal year ending 2025-12-31 · accruals and cash conversion as filedPer fiscal year from filed facts: cash conversion = operating cash flow / net income (net income > 0); cash-flow accrual ratio = (net income - operating cash flow) / average total assets; balance-sheet accrual ratio = change in net operating assets / average net operating assets, NOA = (assets - cash) - (liabilities - debt). Descriptive; a missing input yields a missing ratio. High accrual ratios and cash conversion well below one are the measures the accruals literature associates with less persistent earnings; they are screens to read the cash-flow statement with, not conclusions. The per-year series is part of Pro risk analysis.
Point-in-time ledger
first-reported vs latest filing · periods since 2020-01-01 · 13 changed periods| Line item | Period | First reported | Latest filing | Change | Filings |
|---|---|---|---|---|---|
| Goodwill Goodwill | balance at 2020-12-31 | $182M 10-K 2021-03-01 | $20.3M 10-K 2023-02-28 | -88.8% | first · latest · 3 filings carry it |
| Operating income OperatingIncomeLoss | quarter 2020-03-31 | $74.1M 10-Q 2020-05-11 | $40.7M 10-K 2022-02-28 | -45.1% | first · latest · 4 filings carry it |
| Cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents | balance at 2020-09-30 | $131M 10-Q 2020-11-06 | $84.2M 10-Q 2021-11-05 | -35.7% | first · latest |
| Operating income OperatingIncomeLoss | quarter 2020-12-31 | $38.6M 10-K 2021-03-01 | $26.9M 10-K 2022-02-28 | -30.3% | first · latest |
| Operating income OperatingIncomeLoss | fiscal year 2020-12-31 | $179M 10-K 2021-03-01 | $132M 10-K 2023-02-28 | -26.6% | first · latest · 3 filings carry it |
| Cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents | balance at 2020-06-30 | $125M 10-Q 2020-08-10 | $98.1M 10-Q 2021-08-09 | -21.7% | first · latest |
| Revenue RevenueFromContractWithCustomerExcludingAssessedTax | quarter 2020-03-31 | $179M 10-Q 2020-05-11 | $143M 10-Q 2021-05-07 | -20.1% | first · latest |
| Operating income OperatingIncomeLoss | quarter 2020-09-30 | $40.5M 10-Q 2020-11-06 | $34.2M 10-K 2022-02-28 | -15.6% | first · latest · 4 filings carry it |
| Operating income OperatingIncomeLoss | quarter 2020-06-30 | $26.2M 10-Q 2020-08-10 | $29.9M 10-K 2022-02-28 | +14.1% | first · latest · 4 filings carry it |
| Operating income OperatingIncomeLoss | quarter 2021-03-31 | $37.1M 10-Q 2021-05-07 | $32.5M 10-K 2023-02-28 | -12.4% | first · latest · 4 filings carry it |
| Cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents | balance at 2020-03-31 | $131M 10-Q 2020-05-11 | $117M 10-Q 2021-05-07 | -10.8% | first · latest |
| Cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents | balance at 2020-12-31 | $404M 10-K 2021-03-01 | $373M 10-K 2024-02-28 | -7.7% | first · latest · 10 filings carry it |
| Cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents | balance at 2021-03-31 | $452M 10-Q 2021-05-07 | $445M 10-Q 2022-05-09 | -1.6% | first · latest |
First filing reporting each period vs the latest filing carrying it (10-K and 10-Q only, periods since 2020, the extractor's winning tag per concept); a change under 0.5% is treated as rounding. A change can be a restatement, a reclassification or a re-tagging in a later comparative column; the two filings are linked so the reader can see which. Descriptive, not a verdict.
Notes by disclosure type
Not available for AAMI yet: no footnote text blocks on file for this filer in the ingested DERA files.
Fundamentals from SEC EDGAR. Scores, the DCF, and every model shown are educational analysis, not investment advice or price predictions.