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 -3.7% 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 -3.7% 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.
- Free cash flow was negative
Latest reported free cash flow was -$5M.
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.
- 6 filing risk checks flagged
Flagged areas: Earnings quality, Solvency & liquidity, Dilution.
Why this surfaced
The full financial analysis shows each value, threshold, and sector limitation.
- Operating margin improved
Operating margin changed +20.8 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
- Earnings quality
- 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
- 2026-10-21
- 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- Product$4.86M100.0%-3.1% yoy
- Royalty$00.0%-100.0% yoy
- License$00.0%-100.0% yoy
Members sum to the consolidated $4.86M for this period.
- United States$4.86M100.0%-0.9% yoy
- Canada$00.0%-100.0% yoy
- India$00.0%-100.0% yoy
- AR$00.0%-100.0% yoy
Members sum to the consolidated $4.86M for this period.
- Product$1.44M100.0%-0.8% 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 4,060 US-listed filers · 115 in Energy| Metric | Value | vs all filers | vs sector |
|---|---|---|---|
Revenue latest fiscal-year revenue as filed | $5M | 8thof 3,247 bottom third | 5thof 109 bottom third |
Revenue growth latest fiscal-year revenue vs the prior fiscal year | -3.7% | 20thof 3,083 bottom third | 40thof 103 middle third |
Operating margin operating income ÷ revenue | -51.5% | 20thof 2,777 bottom third | 10thof 95 bottom third |
Net margin net income ÷ revenue | -48.1% | 19thof 3,212 bottom third | 9thof 105 bottom third |
Free-cash-flow margin (operating cash flow − |capex|) ÷ revenue | -97.5% | 12thof 2,640 bottom third | 6thof 59 bottom third |
Return on equity net income ÷ stockholders' equity (positive equity only) | -56.5% | 17thof 3,520 bottom third | 9thof 93 bottom third |
Stock comp ÷ revenue stock-based compensation ÷ revenue · lower is ranked higher | 4.8% | 36thof 2,852 middle third | 12thof 93 bottom third |
Cash-flow accrual ratio (net income − operating cash flow) ÷ average total assets · lower is ranked higher | 23.9% | 2ndof 3,845 bottom third | 2ndof 103 bottom third |
Balance-sheet accrual ratio change in net operating assets ÷ average net operating assets · lower is ranked higher | 64.8% | 15thof 3,301 bottom third | 6thof 78 bottom 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 · 23 changed periods| Line item | Period | First reported | Latest filing | Change | Filings |
|---|---|---|---|---|---|
| Diluted shares WeightedAverageNumberOfDilutedSharesOutstanding | quarter 2022-03-31 | 22,186,993 shares 10-Q 2022-05-12 | 554,675 shares 10-Q 2023-05-15 | -97.5% | first · latest |
| Diluted shares WeightedAverageNumberOfDilutedSharesOutstanding | quarter 2022-06-30 | 22,188,918 shares 10-Q 2022-08-11 | 554,723 shares 10-Q 2023-08-10 | -97.5% | first · latest |
| Diluted shares WeightedAverageNumberOfDilutedSharesOutstanding | quarter 2022-09-30 | 24,552,543 shares 10-Q 2022-11-10 | 613,814 shares 10-Q 2023-11-09 | -97.5% | first · latest |
| Basic shares WeightedAverageNumberOfSharesOutstandingBasic | quarter 2022-03-31 | 22,186,993 shares 10-Q 2022-05-12 | 554,675 shares 10-Q 2023-05-15 | -97.5% | first · latest |
| Basic shares WeightedAverageNumberOfSharesOutstandingBasic | quarter 2022-06-30 | 22,188,918 shares 10-Q 2022-08-11 | 554,723 shares 10-Q 2023-08-10 | -97.5% | first · latest |
| Basic shares WeightedAverageNumberOfSharesOutstandingBasic | quarter 2022-09-30 | 24,552,543 shares 10-Q 2022-11-10 | 613,814 shares 10-Q 2023-11-09 | -97.5% | first · latest |
| Operating income OperatingIncomeLoss | quarter 2023-06-30 | -$3.79M 10-Q 2023-08-10 | -$1.45M 10-Q 2024-08-13 | +61.6% | first · latest |
| Operating income OperatingIncomeLoss | quarter 2023-09-30 | -$3.24M 10-Q 2023-11-09 | -$1.4M 10-Q 2024-11-12 | +56.9% | first · latest |
| Operating income OperatingIncomeLoss | fiscal year 2023-12-31 | -$13.9M 10-K 2024-03-28 | -$6.1M 10-K 2025-03-25 | +56.2% | first · latest |
| Operating income OperatingIncomeLoss | quarter 2024-03-31 | -$3.06M 10-Q 2024-05-13 | -$1.59M 10-Q 2025-05-08 | +48.2% | first · latest |
| Operating income OperatingIncomeLoss | fiscal year 2022-12-31 | -$18.8M 10-K 2023-03-30 | -$14M 10-K 2024-03-28 | +25.6% | first · latest |
| Revenue RevenueFromContractWithCustomerExcludingAssessedTax | fiscal year 2022-12-31 | $9.96M 10-K 2023-03-30 | $7.42M 10-K 2024-03-28 | -25.5% | first · latest |
| Revenue RevenueFromContractWithCustomerExcludingAssessedTax | quarter 2024-03-31 | $1.25M 10-Q 2024-05-13 | $987K 10-Q 2025-05-08 | -21.4% | first · latest |
| Revenue RevenueFromContractWithCustomerExcludingAssessedTax | quarter 2023-09-30 | $1.6M 10-Q 2023-11-09 | $1.3M 10-Q 2024-11-12 | -18.7% | first · latest |
| Stock-based compensation ShareBasedCompensation | quarter 2021-06-30 | $300K 10-Q 2021-08-16 | $356K 10-Q 2022-08-11 | +18.7% | first · latest |
| Revenue RevenueFromContractWithCustomerExcludingAssessedTax | quarter 2023-03-31 | $1.51M 10-Q 2023-05-15 | $1.23M 10-Q 2024-05-13 | -18.4% | first · latest |
| Revenue RevenueFromContractWithCustomerExcludingAssessedTax | fiscal year 2023-12-31 | $5.33M 10-K 2024-03-28 | $4.45M 10-K 2025-03-25 | -16.4% | first · latest |
| Revenue RevenueFromContractWithCustomerExcludingAssessedTax | quarter 2022-09-30 | $1.88M 10-Q 2022-11-10 | $1.57M 10-Q 2023-11-09 | -16.4% | first · latest |
| Operating income OperatingIncomeLoss | quarter 2022-09-30 | -$4.58M 10-Q 2022-11-10 | -$3.99M 10-Q 2023-11-09 | +12.9% | first · latest |
| Stock-based compensation ShareBasedCompensation | quarter 2021-09-30 | $400K 10-Q 2021-11-15 | $354K 10-Q 2022-11-10 | -11.5% | first · latest |
| Revenue RevenueFromContractWithCustomerExcludingAssessedTax | quarter 2023-06-30 | $1.39M 10-Q 2023-08-10 | $1.3M 10-Q 2024-08-13 | -6.6% | first · latest |
| Operating income OperatingIncomeLoss | quarter 2023-03-31 | -$4.05M 10-Q 2023-05-15 | -$3.87M 10-Q 2024-05-13 | +4.5% | first · latest |
| Operating cash flow NetCashProvidedByUsedInOperatingActivities | fiscal year 2025-12-31 | -$4.74M 10-K 2026-03-26 | -$4.7M 10-Q 2026-08-13 | +0.8% | 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; share counts re-presented by an integer split ratio are listed as split adjustments, not restatements. 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 RKDA 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.