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 5/5 core metricsLatest reported free cash flow was -$12M.
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 -$12M.
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.
- 4 filing risk checks flagged
Flagged areas: Earnings quality, Solvency & liquidity.
Why this surfaced
The full financial analysis shows each value, threshold, and sector limitation.
- Revenue expanded
Latest reported annual revenue changed +3.7% 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 +152.3 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.
Core trend metrics
Hover a tile for its exact definition; the Statements tab carries per-cell filing citations.
Where to look next
Risk checks
- Earnings quality
- Solvency & liquidity
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- Reportable Segment$965M100.0%+3.7% yoy
Members sum to the consolidated $965M for this period.
- Reportable Segment$28.8M100.0%-102.1% yoy
Members sum to the consolidated $28.8M for this period.
- Claims Intelligence Solutions$640M66.3%+0.8% yoy
- Network Solutions$207M21.4%+11.6% yoy
- Payment And Revenue Integrity Solutions$119M12.3%+7.5% yoy
Members sum to the consolidated $965M for this period.
- Reportable Segment$245M100.0%+5.8% 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 4,122 US-listed filers · 817 in Technology| Metric | Value | vs all filers | vs sector |
|---|---|---|---|
Revenue latest fiscal-year revenue as filed | $965M | 54thof 3,301 middle third | 55thof 778 middle third |
Revenue growth latest fiscal-year revenue vs the prior fiscal year | 3.7% | 42ndof 3,135 middle third | 36thof 743 middle third |
Operating margin operating income ÷ revenue | 3.0% | 50thof 2,819 middle third | 51stof 752 middle third |
Net margin net income ÷ revenue | -29.4% | 22ndof 3,263 bottom third | 20thof 770 bottom third |
Free-cash-flow margin (operating cash flow − |capex|) ÷ revenue | -1.3% | 32ndof 2,679 bottom third | 25thof 701 bottom third |
Stock comp ÷ revenue stock-based compensation ÷ revenue · lower is ranked higher | 2.9% | 45thof 2,895 middle third | 60thof 729 middle third |
Days sales outstanding receivables ÷ revenue × 365 · lower is ranked higher | 48 days | 51stof 2,398 middle third | 67thof 712 top third |
Net debt ÷ operating cash flow net debt ÷ operating cash flow (OCF > 0) · lower is ranked higher | 39.2× | 2ndof 1,547 bottom third | 2ndof 338 bottom third |
Cash-flow accrual ratio (net income − operating cash flow) ÷ average total assets · lower is ranked higher | -8.0% | 67thof 3,577 top third | 53rdof 722 middle third |
Balance-sheet accrual ratio change in net operating assets ÷ average net operating assets · lower is ranked higher | -4.5% | 68thof 3,059 top third | 67thof 634 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 · 18 changed periods| Line item | Period | First reported | Latest filing | Change | Filings |
|---|---|---|---|---|---|
| Operating income OperatingIncomeLoss | quarter 2020-03-31 | -$216K 10-Q 2020-05-12 | $87.6M 10-Q 2021-05-14 | +40757.0% | first · latest · 3 filings carry it |
| Stockholders' equity StockholdersEquity | balance at 2020-03-31 | $5M 10-Q 2020-05-12 | $1.99B 10-Q 2021-08-06 | +39739.6% | first · latest · 5 filings carry it |
| Stockholders' equity StockholdersEquity | balance at 2020-06-30 | $5M 10-Q 2020-08-12 | $1.96B 10-Q 2021-11-04 | +39173.0% | first · latest · 4 filings carry it |
| Stockholders' equity StockholdersEquity | balance at 2020-09-30 | $5M 10-Q 2020-11-13 | $1.94B 10-Q 2021-11-04 | +38652.1% | first · latest |
| Operating cash flow NetCashProvidedByUsedInOperatingActivities | quarter 2020-03-31 | -$595K 10-Q 2020-05-12 | $147M 10-Q 2021-05-14 | +24855.2% | first · latest |
| Net income NetIncomeLoss | quarter 2020-06-30 | -$1.34M 10-Q 2020-08-12 | -$56.2M 10-Q 2021-08-06 | -4113.1% | first · latest · 4 filings carry it |
| Net income NetIncomeLoss | quarter 2020-09-30 | -$8.66M 10-Q 2020-11-13 | -$288M 10-Q 2021-11-04 | -3231.2% | first · latest · 3 filings carry it |
| Operating income OperatingIncomeLoss | quarter 2020-09-30 | -$8.62M 10-Q 2020-11-13 | -$200M 10-Q 2021-11-04 | -2215.8% | first · latest · 3 filings carry it |
| Operating income OperatingIncomeLoss | quarter 2020-06-30 | -$1.85M 10-Q 2020-08-12 | $20.3M 10-Q 2021-08-06 | +1197.9% | first · latest · 3 filings carry it |
| Net income NetIncomeLoss | quarter 2020-03-31 | $3.03M 10-Q 2020-05-12 | -$2.59M 10-Q 2021-05-14 | -185.6% | first · latest · 5 filings carry it |
| Diluted shares WeightedAverageNumberOfDilutedSharesOutstanding | quarter 2023-09-30 | 646,443,806 shares 10-Q 2023-11-08 | 16,161,095 shares 10-Q 2024-11-06 | -97.5% | first · latest |
| Diluted shares WeightedAverageNumberOfDilutedSharesOutstanding | fiscal year 2023-12-31 | 645,134,657 shares 10-K 2024-02-29 | 16,128,366 shares 10-K 2026-02-26 | -97.5% | first · latest · 3 filings carry it |
| Diluted shares WeightedAverageNumberOfDilutedSharesOutstanding | quarter 2024-03-31 | 646,334,247 shares 10-Q 2024-05-09 | 16,158,356 shares 10-Q 2025-05-09 | -97.5% | first · latest |
| Diluted shares WeightedAverageNumberOfDilutedSharesOutstanding | quarter 2024-06-30 | 644,679,833 shares 10-Q 2024-08-02 | 16,116,996 shares 10-Q 2025-08-07 | -97.5% | first · latest |
| Basic shares WeightedAverageNumberOfSharesOutstandingBasic | quarter 2023-09-30 | 646,443,806 shares 10-Q 2023-11-08 | 16,161,095 shares 10-Q 2024-11-06 | -97.5% | first · latest |
| Basic shares WeightedAverageNumberOfSharesOutstandingBasic | fiscal year 2023-12-31 | 645,134,657 shares 10-K 2024-02-29 | 16,128,366 shares 10-K 2026-02-26 | -97.5% | first · latest · 3 filings carry it |
| Basic shares WeightedAverageNumberOfSharesOutstandingBasic | quarter 2024-03-31 | 646,334,247 shares 10-Q 2024-05-09 | 16,158,356 shares 10-Q 2025-05-09 | -97.5% | first · latest |
| Basic shares WeightedAverageNumberOfSharesOutstandingBasic | quarter 2024-06-30 | 644,679,833 shares 10-Q 2024-08-02 | 16,116,996 shares 10-Q 2025-08-07 | -97.5% | 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 CTEV 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.