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 annual revenue changed -2.9% 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 -2.9% 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 compressed
Operating margin changed -7.4 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.
- No current rule-based risk flags
7 filing-based checks were evaluable.
Why this surfaced
The full financial analysis shows each value, threshold, and sector limitation.
- Free cash flow was positive
Latest reported free cash flow was $67M.
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
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$283M100.0%-2.9% yoy
Members sum to the consolidated $283M for this period.
- Reportable Segment-$17.3M100.0%-539.5% yoy
Members sum to the consolidated -$17.3M for this period.
- United States$158M55.9%-10.3% yoy
- EMEA$90.5M32.0%+8.6% yoy
- Asia Pacific$28.4M10.1%+13.7% yoy
- Rest Of The World$5.87M2.1%-11.9% yoy
Members sum to the consolidated $283M for this period.
- Reportable Segment$62.6M100.0%-2.0% 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 · 814 in Technology| Metric | Value | vs all filers | vs sector |
|---|---|---|---|
Revenue latest fiscal-year revenue as filed | $283M | 37thof 3,301 middle third | 34thof 777 middle third |
Revenue growth latest fiscal-year revenue vs the prior fiscal year | -2.9% | 22ndof 3,137 bottom third | 19thof 743 bottom third |
Gross margin gross profit ÷ revenue | 63.6% | 80thof 1,603 top third | 70thof 554 top third |
Operating margin operating income ÷ revenue | -6.1% | 35thof 2,819 middle third | 34thof 751 middle third |
Net margin net income ÷ revenue | -5.1% | 34thof 3,263 middle third | 36thof 769 middle third |
Free-cash-flow margin (operating cash flow − |capex|) ÷ revenue | 23.6% | 87thof 2,679 top third | 83rdof 701 top third |
Return on equity net income ÷ stockholders' equity (positive equity only) | -5.5% | 37thof 3,577 middle third | 35thof 719 middle third |
Days sales outstanding receivables ÷ revenue × 365 · lower is ranked higher | 462 days | 1stof 2,398 bottom third | 1stof 711 bottom third |
Cash-flow accrual ratio (net income − operating cash flow) ÷ average total assets · lower is ranked higher | -13.5% | 86thof 2,770 top third | 77thof 564 top third |
Balance-sheet accrual ratio change in net operating assets ÷ average net operating assets · lower is ranked higher | -40.7% | 92ndof 2,345 top third | 92ndof 494 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 · 1 changed period| Line item | Period | First reported | Latest filing | Change | Filings |
|---|---|---|---|---|---|
| Depreciation and amortization DepreciationDepletionAndAmortization | fiscal year 2020-12-31 | $9.8M 10-K 2022-03-01 | $15.7M 10-K 2023-02-28 | +60.2% | 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 PUBM 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.