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 metricsLatest reported annual revenue changed -15.5% 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 -15.5% 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.
- 2 filing risk checks flagged
Flagged areas: Earnings quality, Dilution.
Why this surfaced
The full financial analysis shows each value, threshold, and sector limitation.
- Operating margin improved
Operating margin changed +4.6 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 $23M.
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
- Earnings quality
- 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- Procurement Services$56.1M32.3%+2.3% yoy
- Franchising$45.9M26.5%-24.7% yoy
- Management Services$29.6M17.1%-44.2% yoy
- Rental Services$23M13.3%+42.7% yoy
- Other$18.9M10.9%-6.7% yoy
Members sum to the consolidated $174M for this period.
- Procurement Services$12.3M28.7%-13.9% yoy
- Management Services$11.9M27.7%+36.7% yoy
- Franchising$9.09M21.1%-42.2% yoy
- Other$6.26M14.5%+115.2% yoy
- Rental Services$3.44M8.0%-39.1% 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 · 318 in Healthcare| Metric | Value | vs all filers | vs sector |
|---|---|---|---|
Revenue latest fiscal-year revenue as filed | $174M | 32ndof 3,301 bottom third | 42ndof 291 middle third |
Revenue growth latest fiscal-year revenue vs the prior fiscal year | -15.5% | 8thof 3,137 bottom third | 8thof 277 bottom third |
Gross margin gross profit ÷ revenue | 73.3% | 87thof 1,603 top third | 83rdof 212 top third |
Operating margin operating income ÷ revenue | 38.9% | 96thof 2,819 top third | 100thof 280 top third |
Net margin net income ÷ revenue | 29.4% | 91stof 3,263 top third | 98thof 290 top third |
Free-cash-flow margin (operating cash flow − |capex|) ÷ revenue | 13.4% | 73rdof 2,679 top third | 80thof 261 top third |
Return on equity net income ÷ stockholders' equity (positive equity only) | 20.5% | 86thof 3,577 top third | 91stof 291 top third |
Interest coverage operating income ÷ interest expense (interest expense > 0) | 455.3× | 100thof 819 top third | 99thof 76 top third |
Stock comp ÷ revenue stock-based compensation ÷ revenue · lower is ranked higher | 0.0% | 100thof 2,895 top third | 100thof 272 top third |
Net debt ÷ operating cash flow net debt ÷ operating cash flow (OCF > 0) · lower is ranked higher | -4.9× | 98thof 1,547 top third | 96thof 116 top third |
Cash conversion operating cash flow ÷ net income (net income > 0) | 0.5× | 11thof 1,954 bottom third | 5thof 113 bottom third |
Cash-flow accrual ratio (net income − operating cash flow) ÷ average total assets · lower is ranked higher | 8.1% | 4thof 2,770 bottom third | 2ndof 199 bottom third |
Balance-sheet accrual ratio change in net operating assets ÷ average net operating assets · lower is ranked higher | 60.1% | 13thof 2,345 bottom third | 10thof 171 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 · 13 changed periods| Line item | Period | First reported | Latest filing | Change | Filings |
|---|---|---|---|---|---|
| Net income NetIncomeLoss | fiscal year 2023-12-31 | $340K 10-K 2024-03-19 | $39.4M 10-K 2025-03-28 | +11487.4% | first · latest |
| Net income NetIncomeLoss | quarter 2023-09-30 | -$105K 10-Q 2023-11-14 | $8.36M 10-Q 2024-11-13 | +8093.9% | first · latest |
| Net income NetIncomeLoss | quarter 2024-03-31 | -$293K 10-Q 2024-05-20 | $18.8M 10-Q 2025-05-15 | +6511.9% | first · latest · 3 filings carry it |
| Operating income OperatingIncomeLoss | quarter 2023-09-30 | -$323K 10-Q 2023-11-14 | $20M 10-Q 2024-11-13 | +6292.2% | first · latest |
| Net income NetIncomeLoss | quarter 2024-06-30 | -$308K 10-Q 2024-08-16 | $18.5M 10-Q 2025-08-13 | +6096.3% | first · latest |
| Operating income OperatingIncomeLoss | quarter 2024-06-30 | -$502K 10-Q 2024-08-16 | $27.3M 10-Q 2025-08-13 | +5539.4% | first · latest |
| Operating income OperatingIncomeLoss | quarter 2024-03-31 | -$505K 10-Q 2024-05-20 | $24.5M 10-Q 2025-05-15 | +4946.9% | first · latest |
| Operating income OperatingIncomeLoss | fiscal year 2023-12-31 | -$1.77M 10-K 2024-03-19 | $70.7M 10-K 2025-03-28 | +4085.7% | first · latest |
| Operating cash flow NetCashProvidedByUsedInOperatingActivities | fiscal year 2023-12-31 | -$2.13M 10-K 2024-03-19 | $50.7M 10-K 2025-03-28 | +2475.6% | first · latest |
| Stockholders' equity StockholdersEquity | balance at 2023-12-31 | -$5.99M 10-K 2024-03-19 | $142M 10-K 2025-03-28 | +2471.3% | first · latest · 5 filings carry it |
| Total liabilities Liabilities | balance at 2023-12-31 | $6.63M 10-K 2024-03-19 | $115M 10-K 2025-03-28 | +1633.4% | first · latest · 5 filings carry it |
| Total assets Assets | balance at 2023-12-31 | $21.2M 10-K 2024-03-19 | $259M 10-K 2025-03-28 | +1118.2% | first · latest · 5 filings carry it |
| Operating cash flow NetCashProvidedByUsedInOperatingActivities | quarter 2024-03-31 | -$487K 10-Q 2024-05-20 | $3.68M 10-Q 2025-05-15 | +855.4% | 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 SBC 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.