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 3/5 core metricsFlagged areas: Solvency & liquidity, Dilution.
Backward-looking filed evidence under visible rules - not a rating, forecast or investment advice. Missing data is never scored.
Evidence signals
- 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 +33.9% 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.
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
- 2026-09-06
- 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- Banking And Payment Revenues$30.3M95.2%+29.4% yoy
- Custody And Trading Revenues$1.46M4.6%+756.5% yoy
- Other Revenues$63.7K0.2%-60.5% yoy
Members sum to the consolidated $31.8M for this period.
- Banking And Payment Revenues$4.93M88.1%-28.8% yoy
- Custody And Trading Revenues$665K11.9%+338.0% yoy
- Other Revenues$970.0%-99.6% 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 · 907 in Financials| Metric | Value | vs all filers | vs sector |
|---|---|---|---|
Revenue latest fiscal-year revenue as filed | $32M | 18thof 3,301 bottom third | 22ndof 541 bottom third |
Revenue growth latest fiscal-year revenue vs the prior fiscal year | 33.9% | 86thof 3,135 top third | 85thof 518 top third |
Net margin net income ÷ revenue | -218.9% | 11thof 3,263 bottom third | 8thof 534 bottom third |
Return on equity net income ÷ stockholders' equity (positive equity only) | -110.5% | 11thof 3,577 bottom third | 2ndof 774 bottom third |
Stock comp ÷ revenue stock-based compensation ÷ revenue · lower is ranked higher | 31.4% | 12thof 2,895 bottom third | 16thof 422 bottom third |
Days sales outstanding receivables ÷ revenue × 365 · lower is ranked higher | 8 days | 91stof 2,398 top third | 83rdof 104 top third |
Cash-flow accrual ratio (net income − operating cash flow) ÷ average total assets · lower is ranked higher | -38.3% | 96thof 3,577 top third | 98thof 804 top third |
Balance-sheet accrual ratio change in net operating assets ÷ average net operating assets · lower is ranked higher | -918.7% | 100thof 3,059 top third | 99thof 734 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 · 12 changed periods| Line item | Period | First reported | Latest filing | Change | Filings |
|---|---|---|---|---|---|
| Net income NetIncomeLoss | quarter 2024-09-30 | -$397K 10-Q 2024-11-12 | -$62.3M 10-Q 2025-11-10 | -15594.4% | first · latest |
| Net income NetIncomeLoss | fiscal year 2024-12-31 | -$1.87M 10-K 2025-03-28 | -$65.1M 10-K 2026-03-17 | -3383.4% | first · latest |
| Total liabilities Liabilities | balance at 2024-12-31 | $9.29M 10-K 2025-03-28 | $193M 10-K 2026-03-17 | +1981.9% | first · latest · 5 filings carry it |
| Stockholders' equity StockholdersEquity | balance at 2024-06-30 | -$6.49M 10-Q 2024-08-09 | -$74M 10-Q 2025-11-10 | -1040.8% | first · latest · 4 filings carry it |
| Net income NetIncomeLoss | quarter 2024-06-30 | -$224K 10-Q 2024-08-09 | -$2.32M 10-Q 2025-08-12 | -936.4% | first · latest · 3 filings carry it |
| Stockholders' equity StockholdersEquity | balance at 2024-12-31 | -$8.32M 10-K 2025-03-28 | -$67.8M 10-Q 2026-08-11 | -714.7% | first · latest · 7 filings carry it |
| Total assets Assets | balance at 2024-12-31 | $52.2M 10-K 2025-03-28 | $126M 10-K 2026-03-17 | +140.6% | first · latest · 5 filings carry it |
| Stockholders' equity StockholdersEquity | balance at 2023-12-31 | -$4.31M 10-K 2024-03-26 | -$8.43M 10-K 2026-03-17 | -95.6% | first · latest · 9 filings carry it |
| Stockholders' equity StockholdersEquity | balance at 2024-03-31 | -$5.97M 10-Q 2024-05-14 | -$9.38M 10-Q 2025-05-15 | -57.1% | first · latest · 4 filings carry it |
| Operating cash flow NetCashProvidedByUsedInOperatingActivities | quarter 2024-03-31 | -$656K 10-Q 2024-05-14 | -$354K 10-Q 2025-05-15 | +46.0% | first · latest |
| Net income NetIncomeLoss | quarter 2024-03-31 | -$824K 10-Q 2024-05-14 | -$945K 10-Q 2025-05-15 | -14.7% | first · latest · 4 filings carry it |
| Operating cash flow NetCashProvidedByUsedInOperatingActivities | fiscal year 2024-12-31 | -$3.43M 10-K 2025-03-28 | -$3.31M 10-K 2026-03-17 | +3.5% | 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 FLD 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.