Also trades as: ARR-PC (NYSE) · $vol 0M · 0HHU.L (LSE) · $vol 0M

$12.65

-0.04 (-0.28%)

After Hours: $12.59 (-0.06, -0.43%)

Weekly Expected Move ±5.0%

$12 $12 $13 $14 $14

NYSE · Real Estate · REIT - Mortgage · Tech Score Strong Sell · Power 32 · $1.8B mcap · 141M float · 2.98% daily turnover · Short 66% of daily vol

Credit Risk of going bust: not rated, financial company (lending is its business) Bonds: none of note held by US funds details ▾

Not rated: lending and leverage are a financial company's business, which the model misreads.
US fund filings (SEC N-PORT) show under $25M of this company's bonds, so there is no bond page. Its debt may be bank loans or privately placed. How these are computed.

Edge Score

Quantitative competitive moat analysis scoring five pillars of durable advantage — cost leadership, brand intangibles, switching costs, network effects, and efficient scale — using industry percentile rankings on a 0–100 scale.

WEAK EDGE

50.0 / 100

NoneWeakNarrowWide

Primary source: Efficient Scale · ROIC: 3.6% · 5Y Avg: 0.0%

Cost Advantage

Intangibles

Switching Cost

Network Effect

Scale ★

The Edge Score quantifies a company's competitive moat using five pillars: Cost Advantage (20%, operating margin and SG&A efficiency vs industry peers), Intangible Assets (25%, gross margin premium, R&D intensity, brand pricing power), Switching Costs (25%, revenue stability, earnings consistency, customer retention proxied by operating leverage), Network Effects (15%, revenue growth with expanding margins, market share dominance), and Efficient Scale (15%, market concentration, ROIC sustainability). Each pillar is scored 0–100 using industry percentile rankings, then weighted into a composite. Wide ≥ 70, Narrow ≥ 55, Weak ≥ 40, None < 40. ARR shows a Weak competitive edge (50.0/100) — limited structural advantages that may face competitive pressure. The primary source of advantage is Efficient Scale. ROIC of 3.6% suggests modest returns relative to capital deployed.

Analyst Insights

Wall Street analyst consensus based on price targets and buy/sell/hold recommendations from institutional research coverage over the trailing 12 months.

Analyst Price Targets

$14

Low

$14

Avg Target

$14

High

Based on 1 analyst since Oct 21, 2026 earnings

Analyst Recommendations

Strong Buy: 0Buy: 5Hold: 15Sell: 5Strong Sell: 0

Rating Summary

ConsensusHold

Avg Target$14.50

Analysts1

Price Target Change History

Date	Firm	Analyst	Old	New	Change	Upside @ Call	Stock@Call
2026-10-22	B.Riley Financial	Matt Howlett	Initiated	$14	—	+13.4%	$12.79
2026-06-04	RBC Capital	Matthew Hedberg	Initiated	$13	—	-23.8%	$17.07
2026-06-04	BTIG	Gary Powell	Initiated	$14	—	-18.0%	$17.07
2026-04-24	UBS	Doug Harter	$16	$18	+2	+2.2%	$17.61
2025-12-15	Compass Point	—	Initiated	$18	—	+9.4%	$16.91
2025-10-08	UBS	Doug Harter	Initiated	$16	—	+2.6%	$15.59
2023-06-02	Needham	Alex Henderson	Initiated	$19	—	-26.2%	$25.75
2022-05-03	Credit Suisse	—	Initiated	$8	—	-0.4%	$7.53
2022-04-27	Barclays	—	Initiated	$8	—	+11.5%	$7.17

Financial Rating

Composite financial health rating (A+ to F) based on discounted cash flow valuation, return on equity, return on assets, debt-to-equity leverage, and relative P/E and P/B multiples.

Oct 27, 2026

DCF

ROE

ROA

D/E

P/E

P/B

The Financial Rating evaluates six fundamental factors — discounted cash flow (DCF) valuation, return on equity (ROE), return on assets (ROA), debt-to-equity leverage (D/E), and relative price-to-earnings (P/E) and price-to-book (P/B) multiples — each scored 1–5. ARR receives an overall rating of C. Areas of concern: ROE (1/5), ROA (1/5), D/E (1/5), P/E (1/5).

Rating Change History

Date	From	To
2026-10-22	B+	C
2026-10-12	A-	B+
2026-10-01	B+	A-
2026-07-23	B	B+
2026-05-04	B+	B
2026-04-28	A-	B+
2026-04-01	B+	A-
2026-02-20	D+	B+
2026-02-18	C+	D+
2026-02-12	B-	C+

InsiderStreet Scorecard

Proprietary multi-factor scorecard rating companies across seven fundamental dimensions — profitability, balance sheet strength, earnings quality, growth, value, momentum, and safety — each scored 0–100.

★ ★ ★ ★ ★ 34 Grade D

Profitability

Balance Sheet

Earnings Quality

Growth

Value

Momentum

Safety

Cash Flow

The InsiderStreet Scorecard rates companies across eight dimensions: Profitability (margins, ROA, ROE), Balance Sheet (leverage, liquidity, coverage), Earnings Quality (accruals, cash conversion), Growth (revenue and earnings trajectory), Value (P/E, P/B, earnings yield, Graham criteria), Momentum (revenue and earnings acceleration), Safety (Altman Z-Score risk adjustment), and Cash Flow (operating cash flow quality, FCF conversion, cash coverage). The overall score blends 35% quality, 35% value, and 30% momentum, with a penalty for distress-zone Altman scores. ARR scores highest in Cash Flow (73/100) and lowest in Safety (0/100). A grade of D flags significant fundamental concerns across multiple dimensions.

Risk & Quality Signals

Academic financial models used by institutional investors to assess bankruptcy risk, earnings manipulation, financial strength, and credit quality.

Altman Z-Score

-1.10

Distress Zone

Piotroski F-Score

3/9

✗ ✓ ✗ ✓ ✗ ✗ ✗ ✗ ✓

Beneish M-Score

-1.96

Unlikely Manipulator

Ohlson O-Score

-1.53

Bankruptcy prob: 17.8%

Moderate

Credit Rating

CCC

Score: 9.6/100

Trend: Deteriorating

Earnings Quality

—

OCF/NI: -8.76x

Accruals: -2.4%

The Altman Z-Score (1968) combines five ratios — working capital, retained earnings, EBIT, market value of equity, and sales, all relative to total assets or liabilities — into a single bankruptcy predictor. ARR scores -1.10, placing it in the Distress Zone (safe > 2.99, distress < 1.81). Historically, companies in this range face elevated bankruptcy risk. The Piotroski F-Score (2000) is a 9-point binary checklist — four profitability tests (positive ROA, positive cash flow, improving ROA, cash flow exceeding net income), three leverage tests (declining debt ratio, improving current ratio, no share dilution), and two efficiency tests (improving gross margin, improving asset turnover). Each pass scores 1 point. ARR scores 3/9, suggesting weak financial fundamentals — the company fails the majority of these accounting tests. The Beneish M-Score (1999) is an 8-variable model that detects earnings manipulation by comparing year-over-year changes in receivables, gross margins, asset quality, sales growth, depreciation, SG&A, leverage, and accruals. Scores above −1.78 statistically resemble past manipulators. ARR's score of -1.96 falls below this threshold, suggesting earnings are unlikely to be manipulated. The Ohlson O-Score (1980) is a 9-variable logistic regression that estimates bankruptcy probability using firm size, leverage, working capital, current ratio, profitability (ROA), cash flow coverage, negative equity flag, consecutive losses flag, and earnings trajectory. The raw score is converted to a probability via logistic transformation. ARR's implied 17.8% bankruptcy probability is elevated and warrants attention to the balance sheet. Our Credit Rating model scores companies on five weighted components — solvency (30%), earning power (25%), leverage (20%), liquidity (15%), and cash flow quality (10%) — then blends the absolute score with sector and industry peer rankings. For companies with large buyback programs, equity is adjusted by adding back cumulative 5-year repurchases (capped at 80% of FCF generated) to avoid penalizing shareholder-friendly capital allocation. ARR receives an estimated rating of CCC (score: 9.6/100), with a deteriorating trend.

Valuation

Key valuation multiples comparing the stock's market price to its earnings, revenue, book value, and cash flows. Lower multiples may indicate relative undervaluation versus peers.

P/E

-419.17x

PEG

2.89x

P/S

2.00x

P/B

0.77x

P/FCF

4.31x

P/OCF

4.31x

EV/EBITDA

40.09x

EV/Revenue

23.87x

EV/EBIT

40.53x

EV/FCF

46.56x

Earnings Yield

-2.65%

FCF Yield

23.22%

Shareholder Yield

19.62%

Graham Number

—

Equity-based multiples (P/E, P/B, P/FCF) compare the stock price to per-share fundamentals and are affected by capital structure. Enterprise value multiples (EV/EBITDA, EV/Revenue, EV/FCF) strip out debt and cash, making them more useful for cross-company comparisons regardless of how companies are financed. The Graham Number — √(22.5 × EPS × Book Value) — is Benjamin Graham's formula for the maximum price a defensive investor should pay. ARR currently has negative earnings — the P/E ratio is not meaningful.

DuPont Decomposition (5-Factor)

The 5-factor DuPont framework breaks Return on Equity into its component drivers — tax efficiency, interest burden, operating profitability, asset utilization, and financial leverage — to reveal what truly drives shareholder returns.

Tax Burden

1.000

NI / EBT

Interest Burden

-0.099

EBT / EBIT

EBIT Margin

0.589

EBIT / Rev

Asset Turnover

0.043

Rev / Assets

Equity Multiplier

9.337

Assets / Equity

ROE

-2.3%

The 5-factor DuPont identity decomposes ROE as: Tax Burden × Interest Burden × EBIT Margin × Asset Turnover × Equity Multiplier = ROE. This reveals whether returns are driven by operating performance, financial leverage, or tax efficiency — three very different sources of profitability. ARR's ROE of -2.3% is driven by financial leverage (equity multiplier: 9.34x). Note: high leverage means ROE is amplified by debt rather than operational performance. A tax burden ratio of 1.00 indicates minimal tax leakage — the company retains over 90% of pre-tax earnings.

Graham-Dodd Adjusted Valuation

Our adaptation of Graham's growth formula (Fair P/E = 8.5 + 2g) from The Intelligent Investor. The classic version relies on analyst growth projections, which can be unreliable. This adjusted model substitutes the company's realized 3-year EPS CAGR — a backward-looking, verifiable measure of actual earnings power — grounding the valuation in demonstrated performance rather than forecasts.

Two adjustments we make, and why. Growth is capped at 15%. Graham defined g as expected growth over the next seven to ten years, not last year's rate. Across US companies since 1994 the median realized 7-year EPS growth is 5–8% regardless of how fast a company grew beforehand, and of 4,457 company-quarters that grew faster than 200%, none sustained it. Uncapped, the formula assigned fair multiples in the hundreds to companies that had never held that rate — and scored worse than simply reading the P/E. Capped, it carries real information. The verdict has three states, not two. Tested over 377,249 stock-months, this ratio only separates outcomes at its extremes: below 0.25 beat the universe by 1.3 points a year, above 3.0 lagged by 2.7, and everything in between sat inside a one-point band. Rather than call two-thirds of the market "undervalued" on a threshold of 1.0, we say Neutral where the model cannot tell — which is most of the time.

Adj. Growth Rate

0.00%

Fair P/E

8.50x

Intrinsic Value

—

Price/Value

—

Margin of Safety

—

Premium

—

Profitability Trends

Historical profitability ratios tracking how efficiently the company converts revenue into returns for shareholders over time.

Leverage & Solvency Trends

Debt and liquidity metrics showing the company's financial leverage and ability to meet short-term and long-term obligations.

Efficiency & Working Capital Trends

Operating efficiency metrics measuring how quickly the company converts inventory to sales, collects receivables, and manages its cash conversion cycle.

Growth Trends (YoY %)

Year-over-year growth rates for key financial metrics, showing the trajectory of revenue, earnings, and cash flow generation.

Earnings Stability

R-squared of linear regression measuring how predictably revenue, earnings, and margins follow a trend over the trailing 5 years. 1.0 = perfectly predictable; lower values indicate erratic or cyclical behavior.

Monte Carlo Price Simulation

Geometric Brownian Motion with 1,000 antithetic paths over 1 year, seeded from 1800 days of historical volatility. Percentile bands show the range of statistically plausible outcomes — this is a statistical model, not a forecast.

Current Price

$12.66

Median 1Y

$10.28

5th Pctile

$5.27

95th Pctile

$20.09

Ann. Volatility

40.3%

Analyst Target

$14.50

25th–75th percentile 5th–95th percentile Median path Historical Analyst target

Executive Compensation

C-suite compensation breakdown including salary, stock awards, options, and incentive pay. The CEO-to-employee pay ratio and Gini coefficient measure pay distribution fairness.

C-Suite Compensation

Executive	Salary	Stock	Total
Jeffrey J. Zimmer Co-Chief Executive Officer, Co-Vice Chairman and President	$—	$871,904	$1,474,558
Scott J. Ulm Co-Chief Executive Officer, Chief Investment Officer, Head of Risk Management and Co-Vice Chairman	$—	$871,904	$1,474,558
Mark Gruber Operating rating Officer and Head of Portfolio Management	$—	$104,699	$177,997
James R. Mountain Chief Financial Officer, Treasurer and Secretary	$—	$80,425	$142,951

CEO Pay Ratio

Insufficient data for pay ratio.

C-Suite Pay Equality (Gini)

CEO Compensation Mix

Workforce & Productivity

Workforce efficiency metrics measuring revenue, profit, and R&D spend per employee — key indicators of operational leverage and human capital productivity.

Employees

0.0% YoY

Revenue / Employee

$65,263,500

Rev: $1,305,270,000

Profit / Employee

$16,134,350

NI: $322,687,000

SGA / Employee

—

Avg labor cost proxy

Scaling Efficiency

All Ratios & Metrics

Complete fundamental data with up to 20 periods of history, sparkline trends, and current values across 13 categories and 130+ financial metrics.

Profitability

Metric	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Q3'26	Current
ROE	1.5%	-11.9%	-10.7%	-27.8%	-20.4%	-17.4%	-8.3%	-11.8%	-5.7%	-1.8%	-9.3%	10.3%	-1.1%	-0.1%	-2.0%	3.7%	17.8%	11.9%	20.3%	-2.3%	-2.33%
ROA	0.3%	-1.7%	-1.6%	-3.6%	-3.1%	-1.8%	-0.9%	-1.0%	-0.6%	-0.2%	-1.0%	1.0%	-0.1%	-0.0%	-0.2%	0.4%	1.9%	1.3%	2.2%	-0.2%	-0.25%
ROIC	2.8%	-1.3%	-1.1%	-2.5%	-17.2%	-1.3%	-0.7%	-0.8%	-4.6%	9.2%	11.4%	26.1%	11.0%	2.7%	2.9%	18.5%	4.1%	4.1%	4.9%	3.6%	3.65%
ROCE	0.4%	-7.3%	-2.7%	-4.3%	-0.7%	0.0%	6.2%	7.3%	2.2%	3.5%	3.2%	2.4%	1.7%	1.5%	1.5%	2.9%	31.5%	3.5%	38.2%	22.1%	22.07%
Gross Margin	24.3%	1.0%	1.0%	1.0%	1.0%	1.0%	95.3%	1.0%	98.5%	44.4%	-1.0%	1.0%	1.0%	2.0%	95.2%	97.4%	97.1%	78.2%	94.1%	95.2%	95.25%
Operating Margin	40.9%	1.1%	1.2%	1.1%	83.5%	1.4%	92.7%	1.1%	18.4%	10.3%	2.1%	0.0%	20.0%	15.4%	37.1%	84.1%	1.1%	72.6%	1.4%	94.0%	93.98%
Net Margin	43.9%	1.2%	1.2%	1.1%	80.4%	1.5%	88.6%	1.1%	18.1%	99.1%	-1.3%	99.2%	20.9%	15.4%	-38.9%	40.5%	60.7%	-98.0%	54.5%	-1.2%	-1.18%
EBITDA Margin	-3.0%	-4.2%	-0.0%	-0.0%	0.0%	-0.0%	92.7%	-0.0%	-25.1%	10.3%	3.4%	0.0%	0.9%	92.9%	37.1%	84.1%	1.1%	-69.8%	1.4%	-48.5%	-48.53%
FCF Margin	-12.6%	1.1%	58.5%	-1.4%	-64.6%	-1.7%	-4.2%	-2.0%	32.4%	39.4%	48.8%	34.6%	-2.5%	4.7%	1.2%	33.0%	11.1%	13.5%	31.7%	51.3%	51.26%
OCF Margin	-12.6%	1.1%	58.5%	-1.4%	-64.6%	-1.7%	-4.2%	-2.0%	32.4%	39.4%	48.8%	34.6%	-2.5%	4.7%	1.2%	33.0%	11.1%	13.5%	31.7%	51.3%	51.26%
ROE 3Y Avg	snapshot only																				3.61%
ROE 5Y Avg	snapshot only																				-6.06%
ROA 3Y Avg	snapshot only																				0.36%
ROIC 3Y Avg	snapshot only																				2.80%
ROIC Economic	snapshot only																				3.63%
Cash ROA	snapshot only																				2.03%
Cash ROIC	snapshot only																				2.11%
CROIC	snapshot only																				2.11%
NOPAT Margin	snapshot only																				88.59%
Pretax Margin	snapshot only																				-5.85%
R&D / Revenue	snapshot only																				0.00%
SGA / Revenue	snapshot only																				1.80%
SBC / Revenue	snapshot only																				0.32%

Valuation

Metric	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Q3'26	Current
P/E Ratio	29.11	-3.39	-3.59	-1.15	-2.10	-3.07	-7.41	-5.24	-10.15	-33.08	-6.52	6.51	-57.47	-713.67	-44.67	23.17	6.15	8.29	5.26	-37.73	-419.167
P/S Ratio	-4.81	-4.82	-2.37	-1.16	-2.51	-3.84	-11.85	-7.31	1.68	1.64	1.71	1.28	-7.86	19.70	5.98	2.76	1.78	2.01	2.25	2.21	2.000
P/B Ratio	0.39	0.41	0.41	0.35	0.43	0.49	0.54	0.54	0.54	0.58	0.64	0.65	0.61	0.66	0.78	0.70	0.88	0.85	0.88	0.84	0.773
P/FCF	38.10	-4.46	-4.05	83.25	3.89	2.29	2.84	3.73	5.19	4.16	3.50	3.70	3.16	4.23	4.88	8.35	15.99	14.85	7.10	4.31	4.306
P/OCF	38.10	—	—	83.25	3.89	2.29	2.84	3.73	5.19	4.16	3.50	3.70	3.16	4.23	4.88	8.35	15.99	14.85	7.10	4.31	4.306
EV/EBITDA	15.40	932.58	1258.01	2156.04	164.39	—	213.53	267.63	-5.01	8.88	4.53	5.86	2.80	3.77	4.89	2.57	20.52	26.68	21.76	40.09	40.091
EV/Revenue	-1.18	-75.83	-40.58	-28.70	-2.06	-69.82	-164.37	-131.09	1.14	1.14	1.41	1.19	-7.22	18.84	5.32	2.67	17.83	20.54	21.43	23.87	23.867
EV/EBIT	4.87	-56.58	-143.60	-99.28	-6.18	—	55.78	69.92	1.72	1.20	1.89	2.44	3.37	4.52	4.86	2.56	20.59	26.89	21.89	40.53	40.534
EV/FCF	9.33	-70.08	-69.33	2058.45	3.19	41.58	39.47	66.86	3.52	2.90	2.90	3.43	2.90	4.05	4.34	8.10	159.93	151.87	67.69	46.56	46.564
Earnings Yield	3.4%	-29.5%	-27.9%	-86.7%	-47.6%	-32.5%	-13.5%	-19.1%	-9.9%	-3.0%	-15.3%	15.4%	-1.7%	-0.1%	-2.2%	4.3%	16.3%	12.1%	19.0%	-2.7%	-2.65%
FCF Yield	2.6%	-22.4%	-24.7%	1.2%	25.7%	43.7%	35.2%	26.8%	19.3%	24.0%	28.6%	27.0%	31.6%	23.6%	20.5%	12.0%	6.3%	6.7%	14.1%	23.2%	23.22%
PEG Ratio	snapshot only																				2.890
Price/Tangible Book	snapshot only																				0.836
EV/OCF	snapshot only																				46.564
EV/Gross Profit	snapshot only																				25.230
Acquirers Multiple	snapshot only																				21.284
Shareholder Yield	snapshot only																				19.62%

Leverage & Solvency

Metric	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Q3'26	Current
Current Ratio	—	0.00	0.00	0.00	—	0.00	0.00	0.00	—	—	—	—	—	—	—	—	0.01	—	0.00	0.03	0.032
Quick Ratio	—	0.00	0.00	0.00	—	0.00	0.00	0.00	—	—	—	—	—	—	—	—	0.01	—	0.00	0.03	0.032
Debt/Equity	0.00	6.30	6.88	8.74	0.00	8.69	7.11	9.31	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	7.94	7.90	7.54	8.24	8.244
Net Debt/Equity	-0.30	5.98	6.64	8.41	-0.08	8.47	6.94	9.19	-0.17	-0.18	-0.11	-0.05	-0.05	-0.03	-0.09	-0.02	7.91	7.87	7.51	8.20	8.202
Debt/Assets	0.00	0.74	0.76	0.76	0.00	0.80	0.73	0.83	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.85	0.86	0.85	0.86	0.863
Debt/EBITDA	0.00	919.87	1227.31	2149.01	0.00	—	202.95	255.97	-0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	18.54	24.16	19.56	36.57	36.571
Net Debt/EBITDA	-47.50	873.28	1184.45	2068.84	-36.28	—	198.14	252.69	2.37	-3.87	-0.94	-0.47	-0.25	-0.17	-0.60	-0.08	18.47	24.07	19.48	36.38	36.383
Interest Coverage	3.16	-16.48	-2.58	-1.36	-0.53	0.00	0.50	0.39	0.52	0.76	0.59	0.62	0.43	0.45	0.43	0.95	1.50	1.11	1.37	0.71	0.706
Equity Multiplier	4.61	8.52	9.11	11.56	8.48	10.90	9.77	11.26	9.71	9.79	8.66	10.18	9.95	9.10	9.78	9.09	9.29	9.18	8.82	9.56	9.558
Cash Ratio	snapshot only																				0.005
Debt Service Coverage	snapshot only																				0.714
Cash to Debt	snapshot only																				0.005
FCF to Debt	snapshot only																				0.024

Efficiency & Turnover

Metric	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Q3'26	Current
Asset Turnover	-0.02	-0.01	-0.02	-0.04	-0.03	-0.01	-0.01	-0.01	0.04	0.04	0.04	0.05	-0.01	0.00	0.02	0.03	0.06	0.05	0.05	0.04	0.043
Inventory Turnover	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Receivables Turnover	-7.94	-0.44	-0.74	-0.47	-9.76	-4.65	-0.20	-0.14	10.79	6.76	4.88	6.68	-2.10	0.79	4.26	2.55	16.03	13.17	31.48	3.79	3.792
Payables Turnover	-56.50	—	—	—	0.00	—	—	—	0.31	0.49	3.80	4.41	2.28	-2.67	-3.39	-2.77	-7.11	0.93	1.81	1.25	1.254
DSO	-46	-821	-495	-769	-37	-79	-1842	-2535	34	54	75	55	-173	461	86	143	23	28	12	96	96.2 days
DIO	—	0	—	—	—	—	0	0	0	0	0	0	0	—	—	—	—	0	0	0	0.0 days
DPO	—	0	—	—	—	—	0	0	1184	741	96	83	160	—	—	—	—	391	201	291	291.1 days
Cash Conversion Cycle	—	—	—	—	—	—	—	—	-1150	-687	-21	-28	—	—	—	—	—	-363	-190	-195	-194.9 days
Cash Velocity	snapshot only																				8.931
Capital Intensity	snapshot only																				25.242

Growth (YoY)

Metric	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Q3'26	Current
Revenue	-50.0%	-1.6%	-2.4%	-8.0%	-1.1%	-81.2%	65.5%	68.2%	3.1%	3.9%	8.4%	8.3%	-1.3%	-87.2%	-50.3%	-18.7%	11.6%	16.4%	3.7%	64.0%	64.05%
Net Income	1.1%	-1.5%	-1.8%	-3.5%	-16.0%	-59.2%	16.6%	55.8%	70.5%	88.7%	-21.5%	2.0%	78.8%	92.8%	74.6%	-51.0%	23.4%	153.4%	15.9%	-1.8%	-1.81%
EPS	1.1%	-1.3%	-1.6%	-2.7%	-10.4%	17.0%	55.6%	76.6%	82.5%	91.5%	0.2%	1.9%	80.0%	95.3%	85.2%	-75.7%	11.4%	97.1%	10.6%	-1.6%	-1.58%
FCF	1.0%	-78.5%	-1.8%	-93.5%	9.6%	3.8%	3.5%	43.7%	7.0%	-33.1%	-13.0%	28.6%	96.9%	51.7%	24.9%	-22.6%	-52.5%	-49.5%	21.0%	1.5%	1.55%
EBITDA	6.0%	1.8%	34.2%	-32.4%	-66.2%	-1.0%	7.2%	10.7%	-39.8%	—	2.0%	2.0%	3.9%	4.0%	73.5%	3.2%	2.6%	1.7%	3.2%	-6.3%	-6.31%
Op. Income	1.1%	-1.4%	-1.7%	-3.3%	-10.9%	-63.5%	17.1%	57.1%	72.6%	1.6%	2.7%	3.7%	4.0%	-52.0%	-63.2%	18.1%	3.6%	13.7%	18.5%	1.6%	1.59%
OCF Growth	snapshot only																				1.55%
Asset Growth	snapshot only																				16.07%
Equity Growth	snapshot only																				10.42%
Shares Change	snapshot only																				38.24%
Dividend Growth	snapshot only																				22.44%

Growth (CAGR)

Metric	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Q3'26	Current
Revenue 3Y	—	—	—	—	—	—	—	—	5.0%	44.3%	52.4%	1.5%	—	—	—	—	—	—	—	—	—
Revenue 5Y	—	—	—	—	—	—	—	—	62.7%	30.9%	28.4%	44.3%	—	—	—	76.5%	2.6%	46.3%	52.5%	84.6%	84.62%
EPS 3Y	—	—	—	—	—	—	—	—	—	—	—	-28.4%	—	—	—	—	—	—	—	—	—
EPS 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	-36.6%	-18.7%	—	—
Net Income 3Y	—	—	—	—	—	—	—	—	—	—	—	3.9%	—	—	—	—	—	—	—	—	—
Net Income 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	-1.8%	24.9%	—	—
EBITDA 3Y	—	—	—	—	—	—	2.5%	2.5%	—	1.8%	2.2%	1.9%	2.4%	2.4%	2.5%	4.3%	6.4%	—	1.8%	1.3%	1.28%
EBITDA 5Y	—	-22.3%	—	—	—	—	—	—	—	—	—	—	—	2.1%	2.0%	2.5%	2.9%	2.1%	2.0%	1.5%	1.48%
Gross Profit 3Y	—	—	—	—	—	—	—	—	—	15.2%	33.1%	74.2%	—	—	—	—	—	—	—	—	—
Gross Profit 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	95.7%	—	27.8%	45.9%	50.4%	50.40%
Op. Income 3Y	-22.5%	—	—	—	—	—	—	—	—	-23.3%	0.8%	38.8%	1.0%	—	—	—	—	—	—	—	—
Op. Income 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	26.0%	49.1%	52.2%	52.20%
FCF 3Y	-46.2%	—	—	—	—	—	—	—	—	—	18.5%	55.5%	1.8%	—	—	2.5%	0.0%	-20.0%	9.5%	36.4%	36.37%
FCF 5Y	—	—	—	-42.7%	2.4%	18.0%	29.1%	24.3%	12.0%	22.2%	71.1%	—	—	—	—	—	—	—	20.3%	49.3%	49.30%
OCF 3Y	-46.2%	—	—	—	—	—	—	—	—	—	18.5%	55.5%	1.8%	—	—	2.5%	0.0%	-20.0%	9.5%	36.4%	36.37%
OCF 5Y	—	—	—	-42.7%	2.4%	18.0%	29.1%	24.3%	12.0%	22.2%	71.1%	—	—	—	—	—	—	—	20.3%	49.3%	49.30%
Assets 3Y	-14.6%	-14.6%	-16.0%	-6.2%	-10.7%	37.8%	31.1%	32.8%	30.7%	31.7%	25.1%	39.0%	36.9%	21.2%	22.4%	21.0%	30.6%	17.4%	22.0%	17.3%	17.32%
Assets 5Y	-7.9%	1.3%	0.9%	4.9%	1.1%	9.4%	9.1%	9.9%	7.8%	-2.7%	-7.6%	0.3%	0.4%	25.1%	23.9%	26.6%	30.6%	32.0%	34.7%	35.1%	35.12%
Equity 3Y	0.5%	-11.7%	-10.9%	-11.9%	-8.2%	15.6%	14.7%	11.5%	10.7%	6.7%	1.6%	4.8%	6.0%	18.6%	19.5%	31.1%	26.7%	24.4%	26.2%	23.9%	23.89%
Book Value 3Y	-22.1%	-27.4%	-26.6%	-31.1%	-32.1%	-21.0%	-21.5%	-27.0%	-29.0%	-30.7%	-31.1%	-27.7%	-25.2%	-24.8%	-24.3%	-19.0%	-19.2%	-16.0%	-14.7%	-15.1%	-15.11%
Dividend 3Y	-16.1%	-4.2%	-8.5%	-12.6%	-16.7%	-21.7%	-21.1%	-24.4%	-26.9%	-31.2%	-31.6%	-35.0%	-36.9%	-39.7%	-35.8%	-33.5%	-25.3%	-20.7%	-21.3%	-18.3%	-18.34%

Growth Quality

Metric	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Q3'26	Current
Revenue Stability	0.10	0.28	0.60	0.62	0.90	0.63	0.46	0.52	0.10	0.03	0.05	0.12	0.03	0.20	0.38	0.44	0.38	0.36	0.51	0.70	0.702
Earnings Stability	0.12	0.11	0.12	0.15	0.27	0.01	0.00	0.00	0.06	0.14	0.30	0.44	0.39	0.13	0.06	0.20	0.54	0.01	0.17	0.02	0.024
Margin Stability	0.02	0.00	0.00	0.00	0.00	—	—	0.45	0.00	0.00	0.00	0.00	—	—	—	0.72	0.00	0.47	0.64	0.43	0.426
Rev. Growth Consistency	0.00	0.00	0.00	0.00	0.00	0.00	0.50	0.50	0.50	0.50	1.00	1.00	0.00	0.00	0.00	0.00	0.50	0.50	0.50	0.50	0.500
Earn. Growth Consistency	1.00	0.00	0.00	0.00	0.00	0.00	0.50	0.50	0.50	0.50	0.00	1.00	1.00	1.00	0.50	0.00	1.00	1.00	1.00	0.00	0.000
FCF Positive Streak	0	0	0	1	1	0	0	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Earnings Persistence	0.20	0.20	0.20	0.20	0.20	0.50	0.50	0.50	0.50	0.50	0.91	0.20	0.50	0.50	0.50	0.50	0.20	0.20	0.20	0.20	0.200
Earnings Smoothness	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	0.32	—	—	—	—	—
ROE Trend	0.22	0.10	0.00	-0.25	-0.10	-0.23	-0.08	-0.00	0.04	0.12	-0.00	0.31	0.12	0.09	0.07	0.03	0.17	0.11	0.22	-0.09	-0.087
Gross Margin Trend	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	-0.90	-0.32	-0.13	-0.129
FCF Margin Trend	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	-2.39	-0.54	0.17	0.174
Sustainable Growth Rate	-8.9%	—	—	—	—	—	—	—	—	—	—	-3.7%	—	—	—	-9.2%	3.4%	-2.6%	4.9%	—	—
Internal Growth Rate	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	0.4%	—	0.5%	—	—

Cash Flow Quality

Metric	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Q3'26	Current
OCF/Net Income	0.76	0.76	0.88	-0.01	-0.54	-1.34	-2.61	-1.40	-1.96	-7.96	-1.86	1.76	-18.16	-168.65	-9.16	2.77	0.38	0.56	0.74	-8.76	-8.761
FCF/OCF	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.000
FCF/Net Income	snapshot only																				-8.761
OCF/EBITDA	snapshot only																				0.861
CapEx/Revenue	-0.0%	-0.0%	-0.0%	-0.0%	-0.0%	-0.0%	-0.0%	-0.0%	0.0%	0.0%	0.0%	0.0%	-0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.00%
CapEx/Depreciation	snapshot only																				0.000
Accruals Ratio	0.00	-0.00	-0.00	-0.04	-0.05	-0.04	-0.03	-0.02	-0.02	-0.02	-0.03	-0.01	-0.02	-0.02	-0.02	-0.01	0.01	0.01	0.01	-0.02	-0.024
Sloan Accruals	snapshot only																				-0.930
Cash Flow Adequacy	snapshot only																				1.206

Dividends & Buybacks

Metric	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Q3'26	Current
Dividend Yield	24.2%	28.3%	31.6%	41.3%	32.0%	29.6%	28.0%	31.8%	33.1%	29.0%	26.8%	20.9%	19.7%	16.1%	16.1%	14.9%	13.2%	14.7%	14.4%	19.3%	22.90%
Dividend/Share	$5.89	$6.11	$5.94	$5.61	$5.30	$4.80	$4.83	$4.58	$4.64	$4.32	$4.07	$3.45	$3.12	$2.41	$2.47	$2.14	$2.33	$2.46	$2.51	$2.62	$2.88
Payout Ratio	7.0%	—	—	—	—	—	—	—	—	—	—	1.4%	—	—	—	3.5%	81.0%	1.2%	75.8%	—	—
FCF Payout Ratio	9.2%	—	—	34.4%	1.2%	67.7%	79.6%	1.2%	1.7%	1.2%	93.8%	77.4%	62.3%	68.3%	78.4%	1.2%	2.1%	2.2%	1.0%	82.9%	82.92%
Total Payout Ratio	7.0%	—	—	—	—	—	—	—	—	—	—	1.4%	—	—	—	3.8%	87.2%	1.3%	78.6%	—	—
Div. Increase Streak	0	0	0	1	1	1	1	1	1	1	1	0	0	0	1	0	0	0	1	1	0
Chowder Number	0.51	0.86	0.68	0.81	0.75	0.80	0.81	0.86	0.81	0.48	0.29	0.05	-0.09	0.02	0.20	0.40	0.74	0.76	0.72	0.89	0.885
Buyback Yield	0.0%	0.0%	0.4%	0.5%	1.6%	2.0%	1.8%	1.9%	1.4%	1.0%	0.7%	0.6%	0.2%	0.0%	0.8%	1.3%	1.0%	1.1%	0.5%	0.4%	0.36%
Net Buyback Yield	-73.5%	-77.6%	-62.1%	-1.1%	-96.9%	-99.9%	-84.4%	-91.2%	-63.8%	-35.9%	-25.7%	-14.3%	-32.0%	-56.6%	-56.4%	-66.4%	-43.0%	-35.2%	-35.8%	-32.5%	-32.52%
Total Shareholder Return	-49.3%	-49.3%	-30.5%	-68.4%	-64.9%	-70.3%	-56.4%	-59.4%	-30.7%	-6.9%	1.1%	6.6%	-12.3%	-40.4%	-40.3%	-51.4%	-29.9%	-20.5%	-21.4%	-13.3%	-13.27%

DuPont Factors

Metric	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Q3'26	Current
Tax Burden (NI/EBT)	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.000
Interest Burden (EBT/EBIT)	0.68	1.06	2.34	3.48	3.59	—	-0.54	-0.74	-0.25	-0.05	-0.35	0.41	-0.06	-0.01	-0.12	0.11	0.33	0.32	0.44	-0.10	-0.099
EBIT Margin	-0.24	1.34	0.28	0.29	0.33	-0.00	-2.95	-1.88	0.66	0.95	0.75	0.49	-2.14	4.17	1.10	1.04	0.87	0.76	0.98	0.59	0.589
Asset Turnover	-0.02	-0.01	-0.02	-0.04	-0.03	-0.01	-0.01	-0.01	0.04	0.04	0.04	0.05	-0.01	0.00	0.02	0.03	0.06	0.05	0.05	0.04	0.043
Equity Multiplier	5.19	6.86	6.72	7.62	6.52	9.81	9.49	11.39	9.14	10.34	9.24	10.70	9.84	9.39	9.32	9.51	9.54	9.14	9.20	9.34	9.337

Per Share

Metric	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Q3'26	Current
EPS (Diluted TTM)	$0.84	$-6.36	$-5.25	$-11.77	$-7.90	$-5.28	$-2.33	$-2.76	$-1.38	$-0.45	$-2.32	$2.54	$-0.28	$-0.02	$-0.34	$0.62	$2.87	$2.01	$3.31	$-0.36	$-0.36
Book Value/Share	$62.35	$53.10	$45.66	$38.30	$38.20	$32.92	$32.01	$26.58	$25.85	$25.46	$23.81	$25.41	$26.10	$22.60	$19.81	$20.36	$20.14	$19.54	$19.84	$16.26	$16.26
Tangible Book/Share	$62.35	$53.10	$45.66	$38.30	$38.20	$32.92	$32.01	$26.58	$25.85	$25.46	$23.81	$25.41	$26.10	$22.60	$19.81	$20.36	$20.14	$19.54	$19.84	$16.26	$16.26
Revenue/Share	$-5.07	$-4.47	$-7.94	$-11.70	$-6.60	$-4.23	$-1.46	$-1.97	$8.33	$9.09	$8.88	$12.88	$-2.02	$0.76	$2.57	$5.19	$9.93	$8.30	$7.76	$6.16	$6.16
FCF/Share	$0.64	$-4.84	$-4.64	$0.16	$4.26	$7.10	$6.07	$3.87	$2.70	$3.58	$4.33	$4.46	$5.01	$3.53	$3.15	$1.71	$1.11	$1.12	$2.46	$3.16	$3.16
OCF/Share	$0.64	$-4.84	$-4.64	$0.16	$4.26	$7.10	$6.07	$3.87	$2.70	$3.58	$4.33	$4.46	$5.01	$3.53	$3.15	$1.71	$1.11	$1.12	$2.46	$3.16	$3.16
Cash/Share	$18.41	$16.95	$10.97	$12.49	$3.00	$7.02	$5.40	$3.16	$4.51	$4.52	$2.60	$1.23	$1.30	$0.65	$1.68	$0.42	$0.56	$0.56	$0.64	$0.69	$0.69
EBITDA/Share	$0.39	$0.36	$0.26	$0.16	$0.08	$0.00	$1.12	$0.97	$-1.90	$1.17	$2.77	$2.61	$5.21	$3.79	$2.80	$5.41	$8.62	$6.39	$7.64	$3.67	$3.67
Debt/Share	$0.00	$334.63	$314.16	$334.69	$0.00	$285.90	$227.60	$247.37	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$159.85	$154.41	$149.53	$134.05	$134.05
Net Debt/Share	$-18.41	$317.69	$303.19	$322.20	$-3.00	$278.87	$222.21	$244.21	$-4.51	$-4.52	$-2.60	$-1.23	$-1.30	$-0.65	$-1.68	$-0.42	$159.28	$153.85	$148.89	$133.36	$133.36

Academic Models

Metric	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Q3'26	Current
Altman Z-Score	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	-1.097
Altman Z-Prime	snapshot only																				-5.963
Piotroski F-Score	4	1	1	2	2	2	5	4	4	5	4	6	3	4	4	3	4	4	4	3	3
Beneish M-Score	—	—	—	—	—	—	—	—	6.03	—	-4.59	—	—	6.28	-0.11	2.44	—	1.26	-5.27	-1.96	-1.959
Ohlson O-Score	snapshot only																				-1.529
Net-Net WC	snapshot only																				$-134.72
EVA	snapshot only																				$-1374508660.00

Credit

Metric	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Q3'26	Current
Credit Rating	snapshot only																				CCC
Credit Score	54.00	3.36	3.36	4.86	38.27	7.67	6.16	6.62	47.83	48.81	48.71	48.00	47.94	43.27	48.53	49.07	17.34	29.17	9.32	9.57	9.573
Credit Grade	snapshot only																				17
Credit Trend	snapshot only																				-39.496
Implied Spread (bps)	snapshot only																				1200.000
Industry Credit Rank	snapshot only																				16
Sector Credit Rank	snapshot only																				0

ARR NYSE

Edge Score

Analyst Insights

Financial Rating

InsiderStreet Scorecard

Risk & Quality Signals

Valuation

DuPont Decomposition (5-Factor)

Graham-Dodd Adjusted Valuation

Profitability Trends

Leverage & Solvency Trends

Efficiency & Working Capital Trends

Growth Trends (YoY %)

Earnings Stability

Monte Carlo Price Simulation

Executive Compensation

C-Suite Compensation

CEO Pay Ratio

C-Suite Pay Equality (Gini)

CEO Compensation Mix

Workforce & Productivity

Scaling Efficiency

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