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 metricsLatest reported free cash flow was -$81,000.
Backward-looking filed evidence under visible rules - not a rating, forecast or investment advice. Missing data is never scored.
Evidence signals
- Free cash flow was negative
Latest reported free cash flow was -$81,000.
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.
- Shareholders' equity was non-positive
Debt/equity is shown as not meaningful rather than as a negative leverage ratio.
Why this surfaced
Same-period reported shareholders' equity was zero or negative; review the balance sheet and capital structure. Period end 2025-12-31.
- 3 filing risk checks flagged
Flagged areas: Solvency & liquidity, Dilution.
Why this surfaced
The full financial analysis shows each value, threshold, and sector limitation.
- Revenue expanded
Latest reported annual revenue changed +6.8% 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 +24.6 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.
Core trend metrics
Hover a tile for its exact definition; the Statements tab carries per-cell filing citations.
Where to look next
Risk checks
- Solvency & liquidity
- Dilution
Financial movement
- Cash→ flat
- Long-term debt→ flat
- Inventory→ flat
- Receivables→ flat
- Current assets→ flat
Source & freshness
- Source
- SEC EDGAR XBRL
- Fetched
- 2026-10-21
- 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- Software$114Mshare n/a+7.0% yoy
- Mortgage Suite$69.2Mshare n/a-5.5% yoy
- Consumer Banking Suite$45.2Mshare n/a+34.4% yoy
- Professional Services$9.14Mshare n/a+3.3% yoy
member sum exceeds the consolidated figure: this axis carries more than one breakdown, so shares are not computed.
- Software$31.4Mshare n/ano prior
- Mortgage Suite$19.2Mshare n/ano prior
- Consumer Banking Suite$12.2Mshare n/ano prior
- Professional Services$2.43Mshare n/ano prior
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 4,060 US-listed filers · 808 in Technology| Metric | Value | vs all filers | vs sector |
|---|---|---|---|
Revenue latest fiscal-year revenue as filed | $124M | 29thof 3,247 bottom third | 27thof 769 bottom third |
Gross margin gross profit ÷ revenue | 73.8% | 88thof 1,585 top third | 79thof 552 top third |
Operating margin operating income ÷ revenue | -17.6% | 28thof 2,777 bottom third | 26thof 742 bottom third |
Net margin net income ÷ revenue | -5.5% | 34thof 3,212 middle third | 35thof 761 middle third |
Free-cash-flow margin (operating cash flow − |capex|) ÷ revenue | -0.1% | 34thof 2,640 middle third | 27thof 692 bottom third |
Stock comp ÷ revenue stock-based compensation ÷ revenue · lower is ranked higher | 23.4% | 14thof 2,852 bottom third | 11thof 719 bottom third |
Net debt ÷ operating cash flow net debt ÷ operating cash flow (OCF > 0) · lower is ranked higher | -3.8× | 97thof 1,524 top third | 97thof 334 top third |
Cash-flow accrual ratio (net income − operating cash flow) ÷ average total assets · lower is ranked higher | -10.2% | 73rdof 3,845 top third | 63rdof 769 middle third |
Balance-sheet accrual ratio change in net operating assets ÷ average net operating assets · lower is ranked higher | -1.1% | 61stof 3,301 middle third | 60thof 678 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 · 46 changed periods, 30 largest shown| Line item | Period | First reported | Latest filing | Change | Filings |
|---|---|---|---|---|---|
| Intangibles IntangibleAssetsNetExcludingGoodwill | balance at 2024-12-31 | $2.08M 10-K 2025-03-13 | $81K 10-Q 2025-11-06 | -96.1% | first · latest · 4 filings carry it |
| Capital expenditure PaymentsToAcquireProductiveAssets | fiscal year 2023-12-31 | $587K 10-K 2024-03-14 | $35K 10-K 2026-03-16 | -94.0% | first · latest · 3 filings carry it |
| Depreciation and amortization DepreciationDepletionAndAmortization | quarter 2024-03-31 | $564K 10-Q 2024-05-08 | $316K 10-Q 2025-05-08 | -44.0% | first · latest |
| Depreciation and amortization DepreciationDepletionAndAmortization | fiscal year 2024-12-31 | $2.29M 10-K 2025-03-13 | $1.34M 10-K 2026-03-16 | -41.5% | first · latest |
| Depreciation and amortization DepreciationDepletionAndAmortization | fiscal year 2023-12-31 | $2.46M 10-K 2024-03-14 | $1.51M 10-K 2026-03-16 | -38.5% | first · latest · 3 filings carry it |
| Revenue RevenueFromContractWithCustomerExcludingAssessedTax | quarter 2024-03-31 | $34.9M 10-Q 2024-05-08 | $23.8M 10-Q 2025-05-08 | -31.8% | first · latest |
| Revenue RevenueFromContractWithCustomerExcludingAssessedTax | fiscal year 2023-12-31 | $157M 10-K 2024-03-14 | $110M 10-K 2026-03-16 | -30.2% | first · latest · 3 filings carry it |
| Revenue RevenueFromContractWithCustomerExcludingAssessedTax | quarter 2024-06-30 | $40.5M 10-Q 2024-08-08 | $28.7M 10-Q 2025-08-07 | -29.1% | first · latest |
| Revenue RevenueFromContractWithCustomerExcludingAssessedTax | fiscal year 2024-12-31 | $162M 10-K 2025-03-13 | $116M 10-K 2026-03-16 | -28.6% | first · latest |
| Revenue RevenueFromContractWithCustomerExcludingAssessedTax | quarter 2024-09-30 | $45.2M 10-Q 2024-11-06 | $33.1M 10-Q 2025-11-06 | -26.7% | first · latest |
| Cash CashAndCashEquivalentsAtCarryingValue | balance at 2023-12-31 | $31M 10-K 2024-03-14 | $23.5M 10-K 2026-03-16 | -24.1% | first · latest · 6 filings carry it |
| Operating income OperatingIncomeLoss | quarter 2024-09-30 | -$13.3M 10-Q 2024-11-06 | -$11.3M 10-Q 2025-11-06 | +15.3% | first · latest |
| Gross profit GrossProfit | quarter 2024-03-31 | $18.1M 10-Q 2024-05-08 | $16M 10-Q 2025-05-08 | -11.6% | first · latest |
| Cash CashAndCashEquivalentsAtCarryingValue | balance at 2024-12-31 | $42.2M 10-K 2025-03-13 | $38M 10-K 2026-03-16 | -10.0% | first · latest · 5 filings carry it |
| Operating income OperatingIncomeLoss | quarter 2025-09-30 | -$4.91M 10-Q 2025-11-06 | -$5.35M 10-K 2026-03-16 | -8.9% | first · latest |
| Cash CashAndCashEquivalentsAtCarryingValue | balance at 2024-03-31 | $84.5M 10-Q 2024-05-08 | $77.6M 10-Q 2025-05-08 | -8.2% | first · latest |
| Cash CashAndCashEquivalentsAtCarryingValue | balance at 2024-06-30 | $45.5M 10-Q 2024-08-08 | $41.8M 10-Q 2025-08-07 | -8.1% | first · latest |
| Cash CashAndCashEquivalentsAtCarryingValue | balance at 2024-09-30 | $55M 10-Q 2024-11-06 | $50.6M 10-Q 2025-11-06 | -8.1% | first · latest |
| Gross profit GrossProfit | fiscal year 2024-12-31 | $90.5M 10-K 2025-03-13 | $83.2M 10-K 2026-03-16 | -8.1% | first · latest |
| Operating income OperatingIncomeLoss | fiscal year 2023-12-31 | -$156M 10-K 2024-03-14 | -$144M 10-K 2026-03-16 | +8.1% | first · latest · 3 filings carry it |
| Stockholders' equity StockholdersEquity | balance at 2025-09-30 | -$12.5M 10-Q 2025-11-06 | -$13.4M 10-K 2026-03-16 | -7.4% | first · latest |
| Gross profit GrossProfit | quarter 2024-06-30 | $21.7M 10-Q 2024-08-08 | $20.3M 10-Q 2025-08-07 | -6.2% | first · latest |
| Capital expenditure PaymentsToAcquireProductiveAssets | quarter 2025-03-31 | $4.59M 10-Q 2025-05-08 | $4.31M 10-Q 2026-05-07 | -6.0% | first · latest · 3 filings carry it |
| Gross profit GrossProfit | fiscal year 2023-12-31 | $81.1M 10-K 2024-03-14 | $76.5M 10-K 2026-03-16 | -5.8% | first · latest · 3 filings carry it |
| Gross profit GrossProfit | quarter 2024-09-30 | $26M 10-Q 2024-11-06 | $24.5M 10-Q 2025-11-06 | -5.8% | first · latest |
| Operating income OperatingIncomeLoss | quarter 2025-06-30 | -$4.62M 10-Q 2025-08-07 | -$4.83M 10-Q 2026-08-06 | -4.4% | first · latest · 3 filings carry it |
| Operating income OperatingIncomeLoss | quarter 2025-03-31 | -$7.69M 10-Q 2025-05-08 | -$7.98M 10-Q 2026-05-07 | -3.7% | first · latest · 3 filings carry it |
| Net income NetIncomeLoss | quarter 2025-09-30 | $12.5M 10-Q 2025-11-06 | $12.1M 10-K 2026-03-16 | -3.5% | first · latest |
| Cash CashAndCashEquivalentsAtCarryingValue | balance at 2025-12-31 | $43.6M 10-K 2026-03-16 | $45.1M 10-Q 2026-08-06 | +3.4% | first · latest · 3 filings carry it |
| Net income NetIncomeLoss | quarter 2025-03-31 | -$9.23M 10-Q 2025-05-08 | -$9.52M 10-Q 2026-08-06 | -3.1% | first · latest · 6 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 BLND 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.