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 metricsFlagged areas: Solvency & liquidity.
Backward-looking filed evidence under visible rules - not a rating, forecast or investment advice. Missing data is never scored.
Evidence signals
- 2 filing risk checks flagged
Flagged areas: Solvency & liquidity.
Why this surfaced
The full financial analysis shows each value, threshold, and sector limitation.
- Revenue expanded
Latest reported annual revenue changed +4.8% 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 +5.4 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.
- Free cash flow was positive
Latest reported free cash flow was $109M.
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
- Solvency & liquidity
Financial movement
- Cash→ flat
- Long-term debt→ flat
- Inventory→ flat
- Receivables→ flat
- Current assets→ flat
Source & freshness
- Source
- SEC EDGAR XBRL
- Fetched
- 2026-10-21
- 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- Reportable Segment$589M100.0%+4.8% yoy
Members sum to the consolidated $589M for this period.
- License And Service$567M96.3%+4.4% yoy
- Other Revenue$22M3.7%+14.5% yoy
Members sum to the consolidated $589M for this period.
- United States$527M89.5%+5.4% yoy
- Outside the United States$61.6M10.5%-0.1% yoy
Members sum to the consolidated $589M for this period.
- Reportable Segment$152M100.0%no 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 | $589M | 46thof 3,247 middle third | 44thof 769 middle third |
Revenue growth latest fiscal-year revenue vs the prior fiscal year | 4.8% | 45thof 3,083 middle third | 38thof 735 middle third |
Operating margin operating income ÷ revenue | 10.1% | 68thof 2,777 top third | 68thof 742 top third |
Net margin net income ÷ revenue | 3.0% | 52ndof 3,212 middle third | 54thof 761 middle third |
Free-cash-flow margin (operating cash flow − |capex|) ÷ revenue | 18.6% | 81stof 2,640 top third | 73rdof 692 top third |
Return on equity net income ÷ stockholders' equity (positive equity only) | 2.5% | 46thof 3,520 middle third | 49thof 713 middle third |
Stock comp ÷ revenue stock-based compensation ÷ revenue · lower is ranked higher | 4.8% | 36thof 2,852 middle third | 47thof 719 middle third |
Days sales outstanding receivables ÷ revenue × 365 · lower is ranked higher | 23 days | 80thof 2,373 top third | 89thof 706 top third |
Net debt ÷ operating cash flow net debt ÷ operating cash flow (OCF > 0) · lower is ranked higher | 3.5× | 37thof 1,524 middle third | 25thof 334 bottom third |
Cash conversion operating cash flow ÷ net income (net income > 0) | 6.3× | 93rdof 2,243 top third | 90thof 427 top third |
Cash-flow accrual ratio (net income − operating cash flow) ÷ average total assets · lower is ranked higher | -6.7% | 60thof 3,845 middle third | 47thof 769 middle third |
Balance-sheet accrual ratio change in net operating assets ÷ average net operating assets · lower is ranked higher | -2.9% | 64thof 3,301 middle third | 64thof 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 · 15 changed periods| Line item | Period | First reported | Latest filing | Change | Filings |
|---|---|---|---|---|---|
| Operating income OperatingIncomeLoss | fiscal year 2024-12-31 | $252K 10-K 2025-03-13 | $26.2M 10-K 2026-03-12 | +10297.6% | first · latest |
| Operating income OperatingIncomeLoss | fiscal year 2023-12-31 | $2.43M 10-K 2024-03-14 | -$2.92M 10-K 2026-03-12 | -220.4% | first · latest · 3 filings carry it |
| Deferred revenue (non-current) ContractWithCustomerLiabilityNoncurrent | balance at 2024-12-31 | $845K 10-K 2025-03-13 | $512K 10-K 2026-03-12 | -39.4% | first · latest · 5 filings carry it |
| Receivables AccountsReceivableNetCurrent | balance at 2024-12-31 | $40.2M 10-K 2025-03-13 | $31.1M 10-K 2026-03-12 | -22.6% | first · latest · 5 filings carry it |
| Revenue RevenueFromContractWithCustomerExcludingAssessedTax | fiscal year 2023-12-31 | $675M 10-K 2024-03-14 | $535M 10-K 2026-03-12 | -20.8% | first · latest · 3 filings carry it |
| Revenue RevenueFromContractWithCustomerExcludingAssessedTax | quarter 2024-06-30 | $177M 10-Q 2024-08-06 | $141M 10-Q 2025-08-06 | -20.8% | first · latest |
| Revenue RevenueFromContractWithCustomerExcludingAssessedTax | quarter 2024-09-30 | $176M 10-Q 2024-11-12 | $140M 10-Q 2025-11-06 | -20.5% | first · latest |
| Revenue RevenueFromContractWithCustomerExcludingAssessedTax | fiscal year 2024-12-31 | $699M 10-K 2025-03-13 | $562M 10-K 2026-03-12 | -19.6% | first · latest |
| Revenue RevenueFromContractWithCustomerExcludingAssessedTax | quarter 2024-03-31 | $170M 10-Q 2024-05-09 | $138M 10-Q 2025-05-08 | -19.0% | first · latest |
| Operating income OperatingIncomeLoss | quarter 2024-06-30 | $6.88M 10-Q 2024-08-06 | $7.7M 10-Q 2025-08-06 | +12.0% | first · latest |
| Deferred revenue (current) ContractWithCustomerLiabilityCurrent | balance at 2024-12-31 | $25.1M 10-K 2025-03-13 | $22.1M 10-K 2026-03-12 | -12.0% | first · latest · 5 filings carry it |
| Operating income OperatingIncomeLoss | quarter 2024-03-31 | -$4.61M 10-Q 2024-05-09 | -$4.3M 10-Q 2025-05-08 | +6.8% | first · latest |
| Goodwill Goodwill | balance at 2023-12-31 | $927M 10-K 2024-03-14 | $876M 10-K 2026-03-12 | -5.5% | first · latest · 6 filings carry it |
| Goodwill Goodwill | balance at 2024-12-31 | $886M 10-K 2025-03-13 | $863M 10-K 2026-03-12 | -2.6% | first · latest · 5 filings carry it |
| Operating income OperatingIncomeLoss | quarter 2024-09-30 | $9.92M 10-Q 2024-11-12 | $10.2M 10-Q 2025-11-06 | +2.4% | 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 EVCM 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.