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 metricsOperating margin changed -14.9 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 -14.9 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.
- 2 filing risk checks flagged
Flagged areas: Solvency & liquidity, Dilution.
Why this surfaced
The full financial analysis shows each value, threshold, and sector limitation.
- Revenue expanded
Latest reported annual revenue changed +12.3% 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 positive
Latest reported free cash flow was $10M.
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
- 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- Financial Services$93M98.7%+10.8% yoy
- Media Sports And Entertainment$1.21M1.3%no prior
Members sum to the consolidated $94.2M for this period.
- Financial Services$6.75M121.3%-61.6% yoy
- Media Sports And Entertainment-$1.19M-21.3%+1086.0% yoy
Members sum to the consolidated $5.57M for this period.
- Stock Borrow Stock Loan$29M30.8%+50.8% yoy
- Interest Marketing And Distribution Fees$27.6M29.3%-14.8% yoy
- Principal Transactions And Proprietary Trading$17.5M18.6%+19.6% yoy
- Commissions And Fees$8.94M9.5%-7.0% yoy
- Other Incomes$3.63M3.8%+6.9% yoy
- Advisory Fees$3.32M3.5%+40.3% yoy
- Market Making$2.2M2.3%-2.6% yoy
- Investment Banking$769K0.8%no prior
- +2 more members in the filing
Members sum to the consolidated $94.2M for this period.
- Financial Services$23.1M98.5%-20.0% yoy
- Media Sports And Entertainment$343K1.5%no prior
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 · 907 in Financials| Metric | Value | vs all filers | vs sector |
|---|---|---|---|
Revenue latest fiscal-year revenue as filed | $94M | 27thof 3,301 bottom third | 32ndof 541 bottom third |
Operating margin operating income ÷ revenue | 5.9% | 59thof 2,819 middle third | 44thof 234 middle third |
Net margin net income ÷ revenue | 5.4% | 60thof 3,263 middle third | 34thof 534 middle third |
Free-cash-flow margin (operating cash flow − |capex|) ÷ revenue | 10.3% | 67thof 2,679 top third | 37thof 307 middle third |
Return on equity net income ÷ stockholders' equity (positive equity only) | 5.7% | 53rdof 3,577 middle third | 35thof 774 middle third |
Stock comp ÷ revenue stock-based compensation ÷ revenue · lower is ranked higher | 1.6% | 55thof 2,895 middle third | 67thof 422 top third |
Net debt ÷ operating cash flow net debt ÷ operating cash flow (OCF > 0) · lower is ranked higher | -1.8× | 94thof 1,547 top third | 85thof 296 top third |
Cash conversion operating cash flow ÷ net income (net income > 0) | 2.0× | 67thof 2,183 middle third | 80thof 673 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 · 12 changed periods| Line item | Period | First reported | Latest filing | Change | Filings |
|---|---|---|---|---|---|
| Interest expense InterestExpenseDebt | quarter 2025-03-31 | $38K 10-Q 2025-05-13 | $1K 10-Q 2026-05-15 | -97.4% | first · latest |
| Capital expenditure PaymentsToAcquirePropertyPlantAndEquipment | quarter 2024-03-31 | $791K 10-Q 2024-05-22 | $28K 10-Q 2025-05-13 | -96.5% | first · latest |
| Operating cash flow NetCashProvidedByUsedInOperatingActivities | fiscal year 2023-12-31 | -$30.3M 10-K 2024-05-10 | -$4.8M 10-K/A 2025-04-01 | +84.1% | first · latest · 3 filings carry it |
| Capital expenditure PaymentsToAcquirePropertyPlantAndEquipment | fiscal year 2023-12-31 | $352K 10-K 2024-05-10 | $223K 10-K/A 2025-04-01 | -36.6% | first · latest · 3 filings carry it |
| Interest expense InterestExpenseDebt | quarter 2020-09-30 | $104K 10-Q 2020-11-16 | $74K 10-Q 2021-11-15 | -28.9% | first · latest |
| Net income ProfitLoss | quarter 2021-06-30 | $1.91M 10-Q 2021-08-16 | $1.43M 10-Q 2022-11-14 | -25.3% | first · latest · 3 filings carry it |
| Net income ProfitLoss | quarter 2021-03-31 | $3.01M 10-Q 2021-05-17 | $2.27M 10-Q 2022-11-14 | -24.4% | first · latest · 4 filings carry it |
| Operating cash flow NetCashProvidedByUsedInOperatingActivities | quarter 2024-03-31 | -$62M 10-Q 2024-05-22 | -$47M 10-Q 2025-05-13 | +24.3% | first · latest |
| Interest expense InterestExpenseDebt | quarter 2020-03-31 | $76K 10-Q 2020-05-28 | $60K 10-Q 2021-05-17 | -21.1% | first · latest |
| Interest expense InterestExpenseDebt | quarter 2023-03-31 | $49K 10-Q 2023-05-15 | $39K 10-Q 2024-05-22 | -20.4% | first · latest |
| Net income ProfitLoss | fiscal year 2020-12-31 | $3.2M 10-K 2021-03-10 | $2.98M 10-K 2022-03-30 | -6.9% | first · latest |
| Interest expense InterestExpenseDebt | quarter 2020-06-30 | $88K 10-Q 2020-08-13 | $86K 10-Q 2021-08-16 | -2.3% | 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 SIEB 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.