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
Constructive evidenceCoverage 5/5 core metrics1 filing-based checks were evaluable.
Backward-looking filed evidence under visible rules - not a rating, forecast or investment advice. Missing data is never scored.
Evidence signals
- No current rule-based risk flags
1 filing-based checks were evaluable.
Why this surfaced
The full financial analysis shows each value, threshold, and sector limitation.
- Revenue expanded
Latest reported annual revenue changed +14.5% 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.
- Operating margin improved
Operating margin changed +2.1 percentage points from the prior annual period.
Why this surfaced
Direction threshold: more than +1 percentage point constructive; below -1 point caution. Period end 2024-12-31.
- Free cash flow was positive
Latest reported free cash flow was $1.1B.
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- Global Wealth Management$2.27B60.2%+9.6% yoy
- Institutional Group$1.5B39.7%+22.8% yoy
- All Other Segments$250K0.0%+410.2% yoy
Members sum to the consolidated $3.77B for this period.
- Asset Management1$1.7Bshare n/a+10.7% yoy
- Investment Advisory Management And Administrative Service$1.7Bshare n/a+10.7% yoy
- Investment Banking$1.25Bshare n/a+25.7% yoy
- Commissions$814Mshare n/a+7.6% yoy
- Product And Service Other$6.31Mshare n/a-2.1% yoy
member sum exceeds the consolidated figure: this axis carries more than one breakdown, so shares are not computed.
- Americas$3.49B92.6%+13.6% yoy
- United Kingdom$143M3.8%+12.6% yoy
- Canada$80.9M2.1%+102.2% yoy
- Other States$54.9M1.5%+2.1% yoy
Members sum to the consolidated $3.77B for this period.
- Global Wealth Management$607M60.1%+11.9% yoy
- Institutional Group$403M39.9%+34.4% 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 3,990 US-listed filers · 819 in Financials| Metric | Value | vs all filers | vs sector |
|---|---|---|---|
Revenue latest fiscal-year revenue as filed | $3.8B | 76thof 3,301 top third | 82ndof 540 top third |
Revenue growth latest fiscal-year revenue vs the prior fiscal year | 14.5% | 70thof 3,137 top third | 68thof 517 top third |
Net margin net income ÷ revenue | 18.1% | 83rdof 3,263 top third | 54thof 533 middle third |
Free-cash-flow margin (operating cash flow − |capex|) ÷ revenue | 28.0% | 90thof 2,679 top third | 55thof 306 middle third |
Return on equity net income ÷ stockholders' equity (positive equity only) | 11.4% | 71stof 3,576 top third | 67thof 772 top third |
Net debt ÷ operating cash flow net debt ÷ operating cash flow (OCF > 0) · lower is ranked higher | -1.5× | 92ndof 1,546 top third | 82ndof 295 top third |
Cash conversion operating cash flow ÷ net income (net income > 0) | 1.6× | 51stof 1,118 middle third | 63rdof 263 middle third |
Cash-flow accrual ratio (net income − operating cash flow) ÷ average total assets · lower is ranked higher | -1.1% | 20thof 1,333 bottom third | 45thof 288 middle third |
Balance-sheet accrual ratio change in net operating assets ÷ average net operating assets · lower is ranked higher | 17.2% | 27thof 1,073 bottom third | 29thof 277 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 · 19 changed periods| Line item | Period | First reported | Latest filing | Change | Filings |
|---|---|---|---|---|---|
| Capital expenditure PaymentsToAcquireProductiveAssets | quarter 2020-03-31 | $53M 10-Q 2020-05-07 | $602M 10-Q 2021-05-06 | +1035.2% | first · latest |
| Diluted shares WeightedAverageNumberOfDilutedSharesOutstanding | quarter 2020-03-31 | 76,619,000 shares 10-Q 2020-05-07 | 114,929,000 shares 10-Q 2021-05-06 | +50.0% | first · latest · 3 filings carry it |
| Diluted shares WeightedAverageNumberOfDilutedSharesOutstanding | quarter 2020-06-30 | 74,387,000 shares 10-Q 2020-08-06 | 111,581,000 shares 10-Q 2021-08-05 | +50.0% | first · latest · 3 filings carry it |
| Diluted shares WeightedAverageNumberOfDilutedSharesOutstanding | quarter 2020-09-30 | 75,850,000 shares 10-Q 2020-11-06 | 113,775,000 shares 10-Q 2021-11-04 | +50.0% | first · latest · 3 filings carry it |
| Diluted shares WeightedAverageNumberOfDilutedSharesOutstanding | quarter 2025-03-31 | 110,635,000 shares 10-Q 2025-05-07 | 165,953,000 shares 10-Q 2026-05-04 | +50.0% | first · latest |
| Diluted shares WeightedAverageNumberOfDilutedSharesOutstanding | quarter 2025-06-30 | 108,847,000 shares 10-Q 2025-08-06 | 163,271,000 shares 10-Q 2026-08-05 | +50.0% | first · latest |
| Basic shares WeightedAverageNumberOfSharesOutstandingBasic | quarter 2020-03-31 | 71,286,000 shares 10-Q 2020-05-07 | 106,929,000 shares 10-Q 2021-05-06 | +50.0% | first · latest · 3 filings carry it |
| Basic shares WeightedAverageNumberOfSharesOutstandingBasic | quarter 2020-06-30 | 70,527,000 shares 10-Q 2020-08-06 | 105,791,000 shares 10-Q 2021-08-05 | +50.0% | first · latest · 3 filings carry it |
| Basic shares WeightedAverageNumberOfSharesOutstandingBasic | quarter 2020-09-30 | 70,627,000 shares 10-Q 2020-11-06 | 105,941,000 shares 10-Q 2021-11-04 | +50.0% | first · latest · 3 filings carry it |
| Basic shares WeightedAverageNumberOfSharesOutstandingBasic | quarter 2025-03-31 | 104,764,000 shares 10-Q 2025-05-07 | 157,146,000 shares 10-Q 2026-05-04 | +50.0% | first · latest |
| Basic shares WeightedAverageNumberOfSharesOutstandingBasic | quarter 2025-06-30 | 103,349,000 shares 10-Q 2025-08-06 | 155,024,000 shares 10-Q 2026-08-05 | +50.0% | first · latest |
| Intangibles IntangibleAssetsNetExcludingGoodwill | balance at 2021-06-30 | $133M 10-Q 2021-08-05 | $128M 10-Q 2021-11-04 | -3.6% | first · latest |
| Operating cash flow NetCashProvidedByUsedInOperatingActivities | quarter 2022-03-31 | -$662M 10-Q 2022-05-05 | -$676M 10-Q 2023-05-04 | -2.0% | first · latest |
| Revenue RevenueFromContractWithCustomerExcludingAssessedTax | quarter 2022-09-30 | $695M 10-Q 2022-11-09 | $683M 10-Q 2023-11-07 | -1.8% | first · latest |
| Revenue RevenueFromContractWithCustomerExcludingAssessedTax | quarter 2022-06-30 | $799M 10-Q 2022-08-04 | $791M 10-Q 2023-08-09 | -1.1% | first · latest |
| Revenue RevenueFromContractWithCustomerExcludingAssessedTax | quarter 2022-03-31 | $801M 10-Q 2022-05-05 | $795M 10-Q 2023-05-04 | -0.9% | first · latest |
| Revenue RevenueFromContractWithCustomerExcludingAssessedTax | quarter 2021-09-30 | $880M 10-Q 2021-11-04 | $887M 10-Q 2022-11-09 | +0.8% | first · latest |
| Revenue RevenueFromContractWithCustomerExcludingAssessedTax | quarter 2021-03-31 | $848M 10-Q 2021-05-06 | $854M 10-Q 2022-05-05 | +0.7% | first · latest |
| Revenue RevenueFromContractWithCustomerExcludingAssessedTax | quarter 2021-06-30 | $876M 10-Q 2021-08-05 | $883M 10-Q 2022-08-04 | +0.7% | 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 SF 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.