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 -$24M.
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 -$24M.
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: Solvency & liquidity, Dilution.
Why this surfaced
The full financial analysis shows each value, threshold, and sector limitation.
- Revenue expanded
Latest reported annual revenue changed +14.9% 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.
- Operating margin improved
Operating margin changed +12.7 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
- 2026-09-06
- 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$376M100.0%+14.9% yoy
Members sum to the consolidated $376M for this period.
- Reportable Segment$96.3M100.0%+9.3% 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 4,104 US-listed filers · 321 in Industrials| Metric | Value | vs all filers | vs sector |
|---|---|---|---|
Revenue latest fiscal-year revenue as filed | $376M | 40thof 3,301 middle third | 27thof 305 bottom third |
Revenue growth latest fiscal-year revenue vs the prior fiscal year | 14.8% | 71stof 3,135 top third | 77thof 294 top third |
Operating margin operating income ÷ revenue | -12.6% | 30thof 2,819 bottom third | 21stof 280 bottom third |
Net margin net income ÷ revenue | -4.7% | 35thof 3,263 middle third | 24thof 299 bottom third |
Free-cash-flow margin (operating cash flow − |capex|) ÷ revenue | -6.5% | 25thof 2,679 bottom third | 22ndof 276 bottom third |
Stock comp ÷ revenue stock-based compensation ÷ revenue · lower is ranked higher | 1.2% | 63rdof 2,895 middle third | 37thof 266 middle third |
Net debt ÷ operating cash flow net debt ÷ operating cash flow (OCF > 0) · lower is ranked higher | 11.9× | 9thof 1,547 bottom third | 8thof 149 bottom third |
Cash-flow accrual ratio (net income − operating cash flow) ÷ average total assets · lower is ranked higher | -5.0% | 54thof 3,291 middle third | 57thof 263 middle third |
Balance-sheet accrual ratio change in net operating assets ÷ average net operating assets · lower is ranked higher | -213.3% | 98thof 2,805 top third | 96thof 206 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 · 15 changed periods| Line item | Period | First reported | Latest filing | Change | Filings |
|---|---|---|---|---|---|
| Cash CashAndCashEquivalentsAtCarryingValue | balance at 2022-12-31 | $87.9K 10-K 2023-04-13 | $23.2M 10-K 2024-05-01 | +26283.8% | first · latest · 5 filings carry it |
| Operating cash flow NetCashProvidedByUsedInOperatingActivities | fiscal year 2022-12-31 | -$1.38M 10-K 2023-04-13 | $45.6M 10-K 2024-05-01 | +3403.9% | first · latest |
| Total liabilities Liabilities | balance at 2022-12-31 | $14.5M 10-K 2023-04-13 | $447M 10-K 2024-05-01 | +2979.1% | first · latest · 5 filings carry it |
| Operating income OperatingIncomeLoss | quarter 2023-09-30 | -$558K 10-Q 2023-11-17 | -$15.9M 10-Q 2024-11-14 | -2740.6% | first · latest |
| Operating cash flow NetCashProvidedByUsedInOperatingActivities | quarter 2023-03-31 | -$144K 10-Q 2023-05-22 | -$2.76M 10-Q 2024-08-12 | -1816.0% | first · latest |
| Net income NetIncomeLoss | quarter 2023-09-30 | $1.49M 10-Q 2023-11-17 | -$22.1M 10-Q 2024-11-14 | -1584.6% | first · latest |
| Operating income OperatingIncomeLoss | quarter 2023-03-31 | -$641K 10-Q 2023-05-22 | -$8.4M 10-Q 2024-08-12 | -1209.7% | first · latest |
| Operating income OperatingIncomeLoss | quarter 2023-06-30 | -$1.01M 10-Q 2023-08-21 | $10.4M 10-Q 2024-08-14 | +1126.9% | first · latest |
| Net income NetIncomeLoss | quarter 2023-06-30 | -$980K 10-Q 2023-08-21 | $7.55M 10-Q 2024-08-14 | +870.0% | first · latest · 3 filings carry it |
| Net income NetIncomeLoss | quarter 2023-03-31 | $1.5M 10-Q 2023-05-22 | -$9.17M 10-Q 2024-08-12 | -713.2% | first · latest · 4 filings carry it |
| Stockholders' equity StockholdersEquity | balance at 2021-06-30 | $5M 10-Q 2021-08-20 | -$17.4M 10-Q 2022-11-14 | -447.7% | first · latest · 4 filings carry it |
| Operating income OperatingIncomeLoss | fiscal year 2022-12-31 | -$4.08M 10-K 2023-04-13 | -$12.3M 10-K 2024-05-01 | -201.8% | first · latest |
| Total assets Assets | balance at 2022-12-31 | $229M 10-K 2023-04-13 | $494M 10-K 2024-05-01 | +116.3% | first · latest · 5 filings carry it |
| Net income NetIncomeLoss | fiscal year 2022-12-31 | $3.67M 10-K 2023-04-13 | $6.05M 10-K 2024-05-01 | +64.9% | first · latest |
| Operating income OperatingIncomeLoss | fiscal year 2023-12-31 | -$51.2M 10-K 2024-05-01 | -$37.3M 10-K 2025-03-24 | +27.1% | 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 FLYX 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.