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
Constructive evidenceCoverage 5/5 core metrics11 filing-based checks were evaluable.
Backward-looking filed evidence under visible rules - not a rating, forecast or investment advice. Missing data is never scored.
Evidence signals
- No current rule-based risk flags
11 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 +17.9% 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.
- Operating margin improved
Operating margin changed +5.3 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.
- Free cash flow was positive
Latest reported free cash flow was $156M.
Why this surfaced
Free cash flow = operating cash flow minus capital expenditures; positive is supporting evidence, not a valuation conclusion. 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- Intellectual Property Licensing$443M100.0%+17.9% yoy
Members sum to the consolidated $443M for this period.
- Media Platform$418Mshare n/a+16.8% yoy
- Recurring Revenue$351Mshare n/a+2.9% yoy
- Nonrecurring Revenue$92Mshare n/a+166.4% yoy
- Semiconductor$25.7Mshare n/a+38.7% yoy
member sum exceeds the consolidated figure: this axis carries more than one breakdown, so shares are not computed.
- United States$363M81.9%+19.7% yoy
- Asia$55.8M12.6%+12.6% yoy
- Canada$12.4M2.8%-4.5% yoy
- Europe And Middle East$10.2M2.3%+21.5% yoy
- Other Asia$1.89M0.4%+2.4% yoy
Members sum to the consolidated $443M for this period.
- Intellectual Property Licensing$105M100.0%+19.5% 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 4,121 US-listed filers · 130 in Communication| Metric | Value | vs all filers | vs sector |
|---|---|---|---|
Revenue latest fiscal-year revenue as filed | $443M | 42ndof 3,301 middle third | 38thof 124 middle third |
Revenue growth latest fiscal-year revenue vs the prior fiscal year | 17.9% | 75thof 3,135 top third | 82ndof 119 top third |
Operating margin operating income ÷ revenue | 39.5% | 96thof 2,819 top third | 99thof 117 top third |
Net margin net income ÷ revenue | 25.1% | 88thof 3,263 top third | 95thof 122 top third |
Free-cash-flow margin (operating cash flow − |capex|) ÷ revenue | 35.3% | 93rdof 2,679 top third | 98thof 105 top third |
Return on equity net income ÷ stockholders' equity (positive equity only) | 23.1% | 89thof 3,577 top third | 85thof 100 top third |
Interest coverage operating income ÷ interest expense (interest expense > 0) | 4.3× | 69thof 819 top third | 94thof 40 top third |
Stock comp ÷ revenue stock-based compensation ÷ revenue · lower is ranked higher | 7.8% | 28thof 2,895 bottom third | 12thof 110 bottom third |
Days sales outstanding receivables ÷ revenue × 365 · lower is ranked higher | 24 days | 79thof 2,398 top third | 72ndof 107 top third |
Net debt ÷ operating cash flow net debt ÷ operating cash flow (OCF > 0) · lower is ranked higher | 2.2× | 49thof 1,547 middle third | 69thof 63 top third |
Cash conversion operating cash flow ÷ net income (net income > 0) | 1.4× | 47thof 2,181 middle third | 20thof 52 bottom third |
Cash-flow accrual ratio (net income − operating cash flow) ÷ average total assets · lower is ranked higher | -4.4% | 49thof 3,545 middle third | 25thof 105 bottom third |
Balance-sheet accrual ratio change in net operating assets ÷ average net operating assets · lower is ranked higher | 4.0% | 51stof 3,029 middle third | 39thof 87 middle 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 · 32 changed periods, 30 largest shown| Line item | Period | First reported | Latest filing | Change | Filings |
|---|---|---|---|---|---|
| Operating income OperatingIncomeLoss | quarter 2021-09-30 | $3.93M 10-Q 2021-11-08 | $37.5M 10-K 2024-02-23 | +854.8% | first · latest · 4 filings carry it |
| Operating income OperatingIncomeLoss | fiscal year 2021-12-31 | $13.8M 10-K 2022-02-24 | $119M 10-K 2024-02-23 | +761.8% | first · latest · 3 filings carry it |
| Operating income OperatingIncomeLoss | quarter 2021-03-31 | $10.4M 10-Q 2021-05-05 | $33.1M 10-K 2024-02-23 | +218.4% | first · latest · 4 filings carry it |
| Operating income OperatingIncomeLoss | quarter 2021-06-30 | $13.3M 10-Q 2021-08-06 | $31.5M 10-K 2024-02-23 | +137.4% | first · latest · 4 filings carry it |
| Operating income OperatingIncomeLoss | quarter 2022-09-30 | -$376M 10-Q 2022-11-09 | $15.6M 10-K 2025-02-19 | +104.2% | first · latest · 5 filings carry it |
| Deferred revenue (current) ContractWithCustomerLiabilityCurrent | balance at 2021-12-31 | $35.1M 10-K 2022-02-24 | $6.97M 10-K 2023-03-01 | -80.2% | first · latest · 5 filings carry it |
| Deferred revenue (non-current) ContractWithCustomerLiabilityNoncurrent | balance at 2021-12-31 | $37.1M 10-K 2022-02-24 | $13.4M 10-K 2023-03-01 | -63.8% | first · latest · 5 filings carry it |
| Goodwill Goodwill | balance at 2021-12-31 | $851M 10-K 2022-02-24 | $315M 10-K 2024-02-23 | -63.0% | first · latest · 6 filings carry it |
| Goodwill Goodwill | balance at 2020-12-31 | $847M 10-K 2021-02-26 | $315M 10-K 2023-03-01 | -62.9% | first · latest · 6 filings carry it |
| Cash CashAndCashEquivalentsAtCarryingValue | balance at 2021-12-31 | $201M 10-K 2022-02-24 | $80.4M 10-K 2023-03-01 | -60.0% | first · latest · 5 filings carry it |
| Revenue RevenueFromContractWithCustomerExcludingAssessedTax | quarter 2022-09-30 | $211M 10-Q 2022-11-09 | $89.3M 10-K 2025-02-19 | -57.7% | first · latest · 5 filings carry it |
| Revenue RevenueFromContractWithCustomerExcludingAssessedTax | quarter 2021-03-31 | $222M 10-Q 2021-05-05 | $98M 10-K 2024-02-23 | -55.8% | first · latest · 4 filings carry it |
| Revenue RevenueFromContractWithCustomerExcludingAssessedTax | fiscal year 2021-12-31 | $878M 10-K 2022-02-24 | $391M 10-K 2024-02-23 | -55.4% | first · latest · 3 filings carry it |
| Receivables AccountsReceivableNetCurrent | balance at 2021-12-31 | $144M 10-K 2022-02-24 | $64.2M 10-K 2023-03-01 | -55.3% | first · latest · 5 filings carry it |
| Revenue RevenueFromContractWithCustomerExcludingAssessedTax | quarter 2021-06-30 | $222M 10-Q 2021-08-06 | $102M 10-K 2024-02-23 | -54.2% | first · latest · 4 filings carry it |
| Revenue RevenueFromContractWithCustomerExcludingAssessedTax | quarter 2022-06-30 | $234M 10-Q 2022-08-08 | $108M 10-K 2025-02-19 | -53.9% | first · latest · 5 filings carry it |
| Revenue RevenueFromContractWithCustomerExcludingAssessedTax | quarter 2021-09-30 | $219M 10-Q 2021-11-08 | $102M 10-K 2024-02-23 | -53.7% | first · latest · 4 filings carry it |
| Operating income OperatingIncomeLoss | fiscal year 2020-12-31 | $178M 10-K 2021-02-26 | $267M 10-K 2023-03-01 | +50.6% | first · latest · 3 filings carry it |
| Share repurchases PaymentsForRepurchaseOfCommonStock | fiscal year 2022-12-31 | $33.2M 10-K 2023-03-01 | $17.3M 10-K 2025-02-19 | -48.0% | first · latest · 3 filings carry it |
| Revenue RevenueFromContractWithCustomerExcludingAssessedTax | quarter 2022-03-31 | $257M 10-Q 2022-05-09 | $139M 10-K 2025-02-19 | -46.2% | first · latest · 5 filings carry it |
| Revenue RevenueFromContractWithCustomerExcludingAssessedTax | fiscal year 2020-12-31 | $892M 10-K 2021-02-26 | $516M 10-K 2023-03-01 | -42.2% | first · latest · 3 filings carry it |
| Operating income OperatingIncomeLoss | quarter 2022-06-30 | $24.9M 10-Q 2022-08-08 | $34.7M 10-K 2025-02-19 | +39.7% | first · latest · 5 filings carry it |
| Share repurchases PaymentsForRepurchaseOfCommonStock | quarter 2022-03-31 | $28.3M 10-Q 2022-05-09 | $17.3M 10-Q 2023-05-08 | -39.1% | first · latest |
| Intangibles IntangibleAssetsNetExcludingGoodwill | balance at 2021-12-31 | $818M 10-K 2022-02-24 | $547M 10-K 2023-03-01 | -33.1% | first · latest · 5 filings carry it |
| Operating income OperatingIncomeLoss | quarter 2022-03-31 | $53M 10-Q 2022-05-09 | $69.5M 10-K 2025-02-19 | +31.1% | first · latest · 5 filings carry it |
| Share repurchases PaymentsForRepurchaseOfCommonStock | fiscal year 2021-12-31 | $101M 10-K 2022-02-24 | $84.9M 10-K 2024-02-23 | -15.8% | first · latest · 3 filings carry it |
| Interest expense InterestExpenseDebt | quarter 2022-09-30 | $13.2M 10-Q 2022-11-09 | $12.4M 10-Q 2023-11-06 | -5.7% | first · latest |
| Diluted shares WeightedAverageNumberOfDilutedSharesOutstanding | fiscal year 2021-12-31 | 104,735,000 shares 10-K 2022-02-24 | 107,265,000 shares 10-K 2024-02-23 | +2.4% | first · latest · 3 filings carry it |
| Diluted shares WeightedAverageNumberOfDilutedSharesOutstanding | quarter 2021-06-30 | 104,906,000 shares 10-Q 2021-08-06 | 107,267,000 shares 10-K 2024-02-23 | +2.3% | first · latest · 4 filings carry it |
| Diluted shares WeightedAverageNumberOfDilutedSharesOutstanding | quarter 2021-09-30 | 104,849,000 shares 10-Q 2021-11-08 | 106,910,000 shares 10-K 2024-02-23 | +2.0% | first · latest · 4 filings carry it |
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 ADEA 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.