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 metricsOperating margin changed -2141.9 percentage points from the prior annual period.
Backward-looking filed evidence under visible rules - not a rating, forecast or investment advice. Missing data is never scored.
Evidence signals
- Operating margin compressed
Operating margin changed -2141.9 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 negative
Latest reported free cash flow was -$118M.
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.
- 4 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.
- Revenue expanded
Latest reported annual revenue changed +46.2% 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
- 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
- 2026-09-06
- 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- Fleet Services$1.62M61.2%+158.7% yoy
- Software Services$1.03M38.8%-13.2% yoy
Members sum to the consolidated $2.65M for this period.
- Fleet Services$1.96M65.6%+828.0% yoy
- Software Services$1.03M34.4%+348.0% 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 4,122 US-listed filers · 817 in Technology| Metric | Value | vs all filers | vs sector |
|---|---|---|---|
Revenue latest fiscal-year revenue as filed | $3M | 6thof 3,301 bottom third | 4thof 778 bottom third |
Revenue growth latest fiscal-year revenue vs the prior fiscal year | 46.2% | 90thof 3,135 top third | 89thof 743 top third |
Gross margin gross profit ÷ revenue | -580.2% | 0thof 1,603 bottom third | 1stof 555 bottom third |
Operating margin operating income ÷ revenue | -4253.8% | 4thof 2,819 bottom third | 2ndof 752 bottom third |
Net margin net income ÷ revenue | -3823.5% | 3rdof 3,263 bottom third | 2ndof 770 bottom third |
Free-cash-flow margin (operating cash flow − |capex|) ÷ revenue | -4435.1% | 2ndof 2,679 bottom third | 1stof 701 bottom third |
Return on equity net income ÷ stockholders' equity (positive equity only) | -28.9% | 25thof 3,577 bottom third | 21stof 720 bottom third |
Stock comp ÷ revenue stock-based compensation ÷ revenue · lower is ranked higher | 801.7% | 2ndof 2,895 bottom third | 1stof 729 bottom third |
Days sales outstanding receivables ÷ revenue × 365 · lower is ranked higher | 117 days | 7thof 2,398 bottom third | 10thof 712 bottom third |
Cash-flow accrual ratio (net income − operating cash flow) ÷ average total assets · lower is ranked higher | -8.3% | 69thof 3,577 top third | 55thof 722 middle third |
Balance-sheet accrual ratio change in net operating assets ÷ average net operating assets · lower is ranked higher | 186.7% | 6thof 3,059 bottom third | 5thof 634 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 · 31 changed periods, 30 largest shown| Line item | Period | First reported | Latest filing | Change | Filings |
|---|---|---|---|---|---|
| Total assets Assets | balance at 2022-12-31 | $457 10-K 2023-03-31 | $8.54M 10-K 2024-02-29 | +1869499.8% | first · latest · 5 filings carry it |
| Operating cash flow NetCashProvidedByUsedInOperatingActivities | quarter 2023-03-31 | -$5.59K 10-Q 2023-05-15 | -$3.71M 10-Q 2024-05-15 | -66317.6% | first · latest |
| Net income NetIncomeLoss | quarter 2022-03-31 | -$7.89K 10-Q 2022-05-16 | -$3.94M 10-Q 2023-11-15 | -49876.5% | first · latest · 6 filings carry it |
| Net income NetIncomeLoss | quarter 2023-03-31 | -$11.5K 10-Q 2023-05-15 | -$5.14M 10-Q 2024-11-07 | -44649.4% | first · latest · 6 filings carry it |
| Operating cash flow NetCashProvidedByUsedInOperatingActivities | fiscal year 2022-12-31 | -$48.9K 10-K 2023-03-31 | -$21.4M 10-K 2024-02-29 | -43709.7% | first · latest |
| Net income NetIncomeLoss | fiscal year 2022-12-31 | -$51.4K 10-K 2023-03-31 | -$21.9M 10-K 2024-02-29 | -42457.8% | first · latest |
| Operating income OperatingIncomeLoss | fiscal year 2022-12-31 | -$51.4K 10-K 2023-03-31 | -$21M 10-K 2024-02-29 | -40701.2% | first · latest |
| Net income NetIncomeLoss | quarter 2022-09-30 | -$13.4K 10-Q 2022-11-14 | -$5.36M 10-Q 2023-11-15 | -39874.7% | first · latest |
| Operating income OperatingIncomeLoss | quarter 2022-09-30 | -$13.4K 10-Q 2022-11-14 | -$5.32M 10-Q 2023-11-15 | -39620.2% | first · latest |
| Operating income OperatingIncomeLoss | quarter 2023-03-31 | -$11.5K 10-Q 2023-05-15 | -$4.23M 10-Q 2024-05-15 | -36716.0% | first · latest |
| Net income NetIncomeLoss | quarter 2023-06-30 | -$17.8K 10-Q 2023-07-27 | -$4.97M 10-Q 2024-11-07 | -27739.3% | first · latest · 4 filings carry it |
| Net income NetIncomeLoss | quarter 2022-06-30 | -$19.2K 10-Q 2022-08-16 | -$5.3M 10-Q 2023-11-15 | -27518.6% | first · latest · 4 filings carry it |
| Operating income OperatingIncomeLoss | quarter 2023-06-30 | -$17.8K 10-Q 2023-07-27 | -$4.1M 10-Q 2024-08-13 | -22892.6% | first · latest |
| Total liabilities Liabilities | balance at 2022-12-31 | $124K 10-K 2023-03-31 | $21M 10-K 2024-02-29 | +16832.4% | first · latest · 5 filings carry it |
| Stockholders' equity StockholdersEquity | balance at 2023-06-30 | -$153K 10-Q 2023-07-27 | -$22.4M 10-Q 2024-11-07 | -14521.7% | first · latest · 4 filings carry it |
| Stockholders' equity StockholdersEquity | balance at 2023-03-31 | -$135K 10-Q 2023-05-15 | -$17.5M 10-Q 2024-11-07 | -12856.2% | first · latest · 6 filings carry it |
| Stockholders' equity StockholdersEquity | balance at 2021-12-31 | -$72.2K 10-K 2022-03-31 | $8.32M 10-K 2024-02-29 | +11625.9% | first · latest · 9 filings carry it |
| Stockholders' equity StockholdersEquity | balance at 2022-12-31 | -$124K 10-K 2023-03-31 | -$12.5M 10-K 2025-03-06 | -9979.2% | first · latest · 9 filings carry it |
| Stockholders' equity StockholdersEquity | balance at 2022-03-31 | -$80.1K 10-Q 2022-05-16 | $5.44M 10-Q 2023-11-15 | +6888.8% | first · latest · 6 filings carry it |
| Stockholders' equity StockholdersEquity | balance at 2022-09-30 | -$113K 10-Q 2022-11-14 | -$5.12M 10-Q 2023-11-15 | -4441.3% | first · latest |
| Stockholders' equity StockholdersEquity | balance at 2022-06-30 | -$99.3K 10-Q 2022-08-16 | $147K 10-Q 2023-11-15 | +248.4% | first · latest · 4 filings carry it |
| Diluted shares WeightedAverageNumberOfDilutedSharesOutstanding | fiscal year 2022-12-31 | 5,000,000 shares 10-K 2023-03-31 | 6,896,769 shares 10-K 2024-02-29 | +37.9% | first · latest |
| Basic shares WeightedAverageNumberOfSharesOutstandingBasic | fiscal year 2022-12-31 | 5,000,000 shares 10-K 2023-03-31 | 6,896,769 shares 10-K 2024-02-29 | +37.9% | first · latest |
| Diluted shares WeightedAverageNumberOfDilutedSharesOutstanding | quarter 2022-09-30 | 5,000,000 shares 10-Q 2022-11-14 | 6,871,200 shares 10-Q 2023-11-15 | +37.4% | first · latest |
| Basic shares WeightedAverageNumberOfSharesOutstandingBasic | quarter 2022-09-30 | 5,000,000 shares 10-Q 2022-11-14 | 6,871,200 shares 10-Q 2023-11-15 | +37.4% | first · latest |
| Diluted shares WeightedAverageNumberOfDilutedSharesOutstanding | quarter 2023-03-31 | 5,000,000 shares 10-Q 2023-05-15 | 6,708,450 shares 10-Q 2024-05-15 | +34.2% | first · latest |
| Basic shares WeightedAverageNumberOfSharesOutstandingBasic | quarter 2023-03-31 | 5,000,000 shares 10-Q 2023-05-15 | 6,708,450 shares 10-Q 2024-05-15 | +34.2% | first · latest |
| Diluted shares WeightedAverageNumberOfDilutedSharesOutstanding | quarter 2023-06-30 | 5,000,000 shares 10-Q 2023-07-27 | 6,678,372 shares 10-Q 2024-08-13 | +33.6% | first · latest |
| Basic shares WeightedAverageNumberOfSharesOutstandingBasic | quarter 2023-06-30 | 5,000,000 shares 10-Q 2023-07-27 | 6,678,372 shares 10-Q 2024-08-13 | +33.6% | first · latest |
| Deferred revenue (current) ContractWithCustomerLiabilityCurrent | balance at 2025-12-31 | $1.8K 10-K 2026-03-12 | $2K 10-Q 2026-08-06 | +11.1% | 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. 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 SERV 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.