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
Caution evidenceCoverage 4/5 core metricsLatest reported annual revenue changed -5.2% from the prior reported annual observation.
Backward-looking filed evidence under visible rules - not a rating, forecast or investment advice. Missing data is never scored.
Evidence signals
- Revenue contracted
Latest reported annual revenue changed -5.2% 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 compressed
Operating margin changed -116.2 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 negative
Latest reported free cash flow was -$1.1B.
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.
- 4 filing risk checks flagged
Flagged areas: Solvency & liquidity.
Why this surfaced
The full financial analysis shows each value, threshold, and sector limitation.
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
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- Service$14B93.5%-6.2% yoy
- Equipment Sales And Other Revenue$981M6.5%+12.9% yoy
Members sum to the consolidated $15B for this period.
- North America$14.7B98.1%-5.1% yoy
- Other Excluding North America$288M1.9%-9.2% yoy
Members sum to the consolidated $15B for this period.
- Service$3.38B92.0%-6.4% yoy
- Equipment Sales And Other Revenue$292M8.0%+10.8% 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 4,058 US-listed filers · 129 in Communication| Metric | Value | vs all filers | vs sector |
|---|---|---|---|
Revenue latest fiscal-year revenue as filed | $15.0B | 91stof 3,301 top third | 92ndof 124 top third |
Revenue growth latest fiscal-year revenue vs the prior fiscal year | -5.2% | 18thof 3,137 bottom third | 22ndof 119 bottom third |
Operating margin operating income ÷ revenue | -118.1% | 15thof 2,819 bottom third | 8thof 117 bottom third |
Net margin net income ÷ revenue | -96.6% | 15thof 3,263 bottom third | 12thof 122 bottom third |
Free-cash-flow margin (operating cash flow − |capex|) ÷ revenue | -7.1% | 25thof 2,679 bottom third | 21stof 105 bottom third |
Return on equity net income ÷ stockholders' equity (positive equity only) | -251.4% | 4thof 3,577 bottom third | 4thof 100 bottom third |
Stock comp ÷ revenue stock-based compensation ÷ revenue · lower is ranked higher | 0.2% | 94thof 2,895 top third | 97thof 110 top third |
Days sales outstanding receivables ÷ revenue × 365 · lower is ranked higher | 31 days | 72ndof 2,398 top third | 60thof 107 middle third |
Cash-flow accrual ratio (net income − operating cash flow) ÷ average total assets · lower is ranked higher | -27.7% | 96thof 2,770 top third | 93rdof 80 top third |
Balance-sheet accrual ratio change in net operating assets ÷ average net operating assets · lower is ranked higher | -120.9% | 97thof 2,345 top third | 98thof 63 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 · 49 changed periods, 30 largest shown| Line item | Period | First reported | Latest filing | Change | Filings |
|---|---|---|---|---|---|
| Diluted shares WeightedAverageNumberOfDilutedSharesOutstanding | quarter 2025-03-31 | 286,513 shares 10-Q 2025-05-09 | 286,513,000 shares 10-Q 2026-05-11 | +99900.0% | first · latest |
| Diluted shares WeightedAverageNumberOfDilutedSharesOutstanding | quarter 2025-06-30 | 287,505 shares 10-Q 2025-08-01 | 287,505,000 shares 10-Q 2026-08-03 | +99900.0% | first · latest |
| Basic shares WeightedAverageNumberOfSharesOutstandingBasic | quarter 2025-03-31 | 286,513 shares 10-Q 2025-05-09 | 286,513,000 shares 10-Q 2026-05-11 | +99900.0% | first · latest |
| Basic shares WeightedAverageNumberOfSharesOutstandingBasic | quarter 2025-06-30 | 287,505 shares 10-Q 2025-08-01 | 287,505,000 shares 10-Q 2026-08-03 | +99900.0% | first · latest |
| Operating cash flow NetCashProvidedByUsedInOperatingActivities | quarter 2023-03-31 | $46.4M 10-Q 2023-05-09 | $790M 10-Q 2024-05-08 | +1601.6% | first · latest |
| Operating income OperatingIncomeLoss | quarter 2022-06-30 | $45.9M 10-Q 2022-08-04 | $739M 10-K 2024-02-29 | +1508.8% | first · latest · 3 filings carry it |
| Operating income OperatingIncomeLoss | fiscal year 2021-12-31 | $217M 10-K 2022-02-24 | $3.42B 10-K 2024-02-29 | +1477.1% | first · latest · 3 filings carry it |
| Total liabilities Liabilities | balance at 2022-12-31 | $2.6B 10-K 2023-02-23 | $36.7B 10-K 2024-02-29 | +1311.5% | first · latest · 5 filings carry it |
| Operating income OperatingIncomeLoss | quarter 2022-03-31 | $45.1M 10-Q 2022-05-05 | $594M 10-K 2024-02-29 | +1219.0% | first · latest · 3 filings carry it |
| Capital expenditure PaymentsToAcquirePropertyPlantAndEquipment | quarter 2023-03-31 | $59.1M 10-Q 2023-05-09 | $766M 10-Q 2024-05-08 | +1197.2% | first · latest |
| Operating income OperatingIncomeLoss | quarter 2023-03-31 | $28.2M 10-Q 2023-05-09 | $353M 10-Q 2024-05-08 | +1150.9% | first · latest · 3 filings carry it |
| Operating income OperatingIncomeLoss | fiscal year 2022-12-31 | $190M 10-K 2023-02-23 | $2.23B 10-K 2025-02-27 | +1077.4% | first · latest · 3 filings carry it |
| Operating income OperatingIncomeLoss | quarter 2022-09-30 | $47M 10-Q 2022-11-03 | $472M 10-K 2024-02-29 | +904.3% | first · latest · 3 filings carry it |
| Revenue RevenueFromContractWithCustomerExcludingAssessedTax | quarter 2023-03-31 | $440M 10-Q 2023-05-09 | $4.39B 10-Q 2024-05-08 | +898.1% | first · latest · 3 filings carry it |
| Revenue RevenueFromContractWithCustomerExcludingAssessedTax | fiscal year 2021-12-31 | $1.99B 10-K 2022-02-24 | $19.8B 10-K 2024-02-29 | +898.1% | first · latest · 3 filings carry it |
| Revenue RevenueFromContractWithCustomerExcludingAssessedTax | quarter 2023-09-30 | $413M 10-Q 2023-11-06 | $4.11B 10-Q 2024-11-12 | +894.7% | first · latest · 3 filings carry it |
| Revenue RevenueFromContractWithCustomerExcludingAssessedTax | quarter 2023-06-30 | $453M 10-Q 2023-08-08 | $4.36B 10-Q 2024-08-09 | +861.5% | first · latest · 3 filings carry it |
| Revenue RevenueFromContractWithCustomerExcludingAssessedTax | quarter 2022-03-31 | $502M 10-Q 2022-05-05 | $4.82B 10-K 2024-02-29 | +861.2% | first · latest · 3 filings carry it |
| Total assets Assets | balance at 2022-12-31 | $6.2B 10-K 2023-02-23 | $58.7B 10-K 2024-02-29 | +847.7% | first · latest · 5 filings carry it |
| Revenue RevenueFromContractWithCustomerExcludingAssessedTax | quarter 2022-06-30 | $499M 10-Q 2022-08-04 | $4.7B 10-K 2024-02-29 | +841.0% | first · latest · 3 filings carry it |
| Capital expenditure PaymentsToAcquirePropertyPlantAndEquipment | fiscal year 2022-12-31 | $326M 10-K 2023-02-23 | $3.05B 10-K 2025-02-27 | +836.0% | first · latest · 3 filings carry it |
| Revenue RevenueFromContractWithCustomerExcludingAssessedTax | fiscal year 2022-12-31 | $2B 10-K 2023-02-23 | $18.6B 10-K 2025-02-27 | +832.6% | first · latest · 3 filings carry it |
| Revenue RevenueFromContractWithCustomerExcludingAssessedTax | quarter 2022-09-30 | $497M 10-Q 2022-11-03 | $4.58B 10-K 2024-02-29 | +821.2% | first · latest · 3 filings carry it |
| Stock-based compensation ShareBasedCompensation | fiscal year 2021-12-31 | $7.7M 10-K 2022-02-24 | $59.4M 10-K 2024-02-29 | +671.3% | first · latest · 3 filings carry it |
| Operating cash flow NetCashProvidedByUsedInOperatingActivities | fiscal year 2021-12-31 | $632M 10-K 2022-02-24 | $4.66B 10-K 2024-02-29 | +636.4% | first · latest · 3 filings carry it |
| Stock-based compensation ShareBasedCompensation | fiscal year 2022-12-31 | $11.5M 10-K 2023-02-23 | $83M 10-K 2025-02-27 | +618.8% | first · latest · 3 filings carry it |
| Deferred revenue (current) ContractWithCustomerLiabilityCurrent | balance at 2022-12-31 | $122M 10-K 2023-02-23 | $833M 10-K 2024-02-29 | +584.4% | first · latest · 5 filings carry it |
| Operating cash flow NetCashProvidedByUsedInOperatingActivities | fiscal year 2022-12-31 | $530M 10-K 2023-02-23 | $3.62B 10-K 2025-02-27 | +583.8% | first · latest · 3 filings carry it |
| Stockholders' equity StockholdersEquity | balance at 2022-12-31 | $3.5B 10-K 2023-02-23 | $21.5B 10-K 2024-02-29 | +513.5% | first · latest · 5 filings carry it |
| Operating income OperatingIncomeLoss | quarter 2023-06-30 | $44.4M 10-Q 2023-08-08 | $252M 10-Q 2024-08-09 | +468.4% | first · latest · 3 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 ECHO 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.