Also trades as: HIVE.TO (TSX) · $vol 11M

$2.98

+0.06 (+1.88%)

Weekly Expected Move ±8.2%

$2 $3 $3 $3 $3

NASDAQ · Technology · Information Technology Services · Tech Score Neutral · Power 48 · $814.1M mcap · 264M float · 8.49% daily turnover · Short 32% of daily vol

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.

NO EDGE

26.9 / 100

NoneWeakNarrowWide

Primary source: Cost Advantage · ROIC: -16.7% · 5Y Avg: -28.6%

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. HIVE has No discernible competitive edge (26.9/100). The business operates without significant structural advantages. The primary source of advantage is Cost Advantage. Negative ROIC of -16.7% indicates the company is currently destroying value, though this may reflect a growth investment phase.

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

Low

Avg Target

High

Based on 12 analyst ratings (12 mo)

Analyst Recommendations

Strong Buy: 0Buy: 8Hold: 2Sell: 0Strong Sell: 0

Rating Summary

ConsensusBuy

Avg Target$7.50

Analysts1

Price Target Change History

Date	Firm	Analyst	Old	New	Change	Upside @ Call	Stock@Call
2026-07-26	Chardan Capital	—	Initiated	$8	—	+153.4%	$2.96
2026-06-04	Cantor Fitzgerald	—	$5	$7	+2	+63.0%	$4.29
2026-06-03	UBS	—	Initiated	$8	—	+79.4%	$4.46
2026-06-03	Rosenblatt Securities	Chris Brendler	Initiated	$6	—	+21.1%	$4.54
2026-06-03	H.C. Wainwright	Mike Colonnese	$8	$7	-1	+54.2%	$4.54
2026-05-19	Cantor Fitzgerald	Brett Knoblauch	$3	$5	+2	+32.9%	$3.46
2026-04-09	Cantor Fitzgerald	—	$5	$3	-2	+44.9%	$2.07
2026-02-23	Cantor Fitzgerald	Brett Knoblauch	$9	$5	-4	+144.5%	$2.04
2026-02-19	New Street	—	Initiated	$5	—	+142.7%	$2.06
2026-02-18	Northland Securities	—	$8	$6	-2	+182.4%	$2.12
2025-10-29	H.C. Wainwright	—	$5	$8	+3	+43.6%	$5.57
2025-10-07	Northland Securities	Mike Grondahl	$6	$8	+2	+23.9%	$6.05
2024-12-18	Roth Capital	Darren Aftahi	Initiated	$8	—	+120.6%	$3.40
2024-10-29	Cantor Fitzgerald	Brett Knoblauch	Initiated	$9	—	+119.0%	$4.11
2024-09-19	Northland Securities	Mike Grondahl	Initiated	$6	—	+72.5%	$3.19
2024-08-15	H.C. Wainwright	Mike Colonnese	$4	$5	+1	+68.9%	$2.96
2024-07-22	H.C. Wainwright	Mike Colonnese	Initiated	$4	—	-11.1%	$4.50

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.

C-

Oct 02, 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. HIVE receives an overall rating of C-. Areas of concern: DCF (1/5), ROE (1/5), ROA (1/5), D/E (1/5), P/E (1/5).

Rating Change History

Date	From	To
2026-08-24	C	C-
2026-08-03	C+	C
2026-07-22	C	C+
2026-06-03	C-	C
2026-06-02	C	C-
2026-04-21	C-	C
2026-04-01	C	C-
2026-02-18	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.

★ ★ ★ ★ ★ 21 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. HIVE scores highest in Growth (52/100) and lowest in Profitability (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

1.15

Distress Zone

Piotroski F-Score

3/9

✗ ✓ ✗ ✓ ✗ ✗ ✗ ✗ ✓

Beneish M-Score

-3.66

Unlikely Manipulator

Ohlson O-Score

-8.31

Bankruptcy prob: 0.0%

Low Risk

Credit Rating

Score: 28.2/100

Trend: Improving

Earnings Quality

—

OCF/NI: -0.42x

Accruals: -36.0%

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. HIVE scores 1.15, 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. HIVE 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. HIVE's score of -3.66 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. HIVE's implied 0.0% bankruptcy probability is well within safe territory. 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. HIVE receives an estimated rating of B (score: 28.2/100), with a improving 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

-2.14x

PEG

0.02x

P/S

2.47x

P/B

1.87x

P/FCF

-3.69x

P/OCF

6.87x

EV/EBITDA

17.17x

EV/Revenue

1.57x

EV/EBIT

-3.26x

EV/FCF

-4.02x

Earnings Yield

-34.66%

FCF Yield

-27.10%

Shareholder Yield

0.00%

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. HIVE 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

1.027

NI / EBT

Interest Burden

1.009

EBT / EBIT

EBIT Margin

-0.481

EBIT / Rev

Asset Turnover

0.509

Rev / Assets

Equity Multiplier

1.196

Assets / Equity

ROE

-30.3%

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. HIVE's ROE of -30.3% is driven by Asset Turnover (0.509), indicating efficient use of assets to generate revenue. A tax burden ratio of 1.03 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

$2.98

Median 1Y

$1.84

5th Pctile

$0.34

95th Pctile

$9.97

Ann. Volatility

107.7%

Analyst Target

$7.50

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

Workforce & Productivity

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

Employees

Revenue / Employee

$10,268,655

Rev: $297,791,000

Profit / Employee

$-5,118,897

NI: $-148,448,000

SGA / Employee

$1,082,483

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	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	Q4'26	Current
ROE	41.3%	49.8%	45.1%	30.8%	-26.3%	-53.6%	-96.9%	-88.0%	-68.0%	-72.9%	-25.6%	13.0%	11.8%	20.5%	16.1%	-6.9%	6.9%	4.6%	-14.5%	-30.3%	-30.34%
ROA	31.9%	41.2%	39.5%	25.3%	-21.1%	-44.5%	-82.0%	-73.0%	-53.8%	-57.1%	-19.5%	10.5%	9.6%	16.4%	14.0%	-5.9%	6.1%	4.0%	-13.1%	-25.4%	-25.36%
ROIC	57.0%	37.0%	70.6%	59.2%	51.1%	46.6%	30.8%	20.8%	4.6%	-2.1%	2.2%	11.9%	15.0%	5.9%	2.0%	-3.8%	4.9%	3.5%	6.4%	-16.7%	-16.67%
ROCE	30.4%	31.5%	26.2%	18.6%	-12.7%	-33.2%	-94.3%	-71.8%	-26.1%	-36.4%	-11.9%	12.6%	7.1%	7.5%	1.2%	-11.6%	-3.5%	-2.2%	-7.7%	-24.5%	-24.50%
Gross Margin	84.0%	85.8%	90.5%	45.9%	61.2%	53.9%	25.2%	23.5%	34.1%	20.5%	36.3%	36.5%	33.2%	5.1%	20.7%	20.8%	34.7%	4.7%	34.5%	-1.6%	-1.60%
Operating Margin	73.7%	79.2%	83.9%	34.7%	51.4%	36.3%	-15.3%	-11.1%	14.0%	-12.9%	22.5%	88.6%	-53.6%	-19.6%	-7.0%	5.2%	78.2%	-10.5%	17.9%	-2.3%	-2.27%
Net Margin	60.2%	72.7%	74.4%	-68.2%	-2.6%	-1.1%	-6.5%	36.9%	-69.0%	-1.1%	-22.2%	2.0%	-56.7%	-33.8%	4.3%	0.5%	76.8%	-18.1%	-98.1%	-1.1%	-1.06%
EBITDA Margin	69.6%	82.4%	82.3%	32.0%	-1.6%	39.9%	-79.6%	1.3%	11.6%	-24.6%	42.5%	2.3%	-48.9%	-23.7%	-7.3%	99.0%	58.8%	27.3%	6.7%	-41.5%	-41.47%
FCF Margin	-17.6%	-40.9%	-46.2%	-69.4%	-63.7%	-44.6%	-79.4%	-55.3%	-56.5%	-89.1%	-36.4%	-59.9%	-69.6%	-83.0%	-1.4%	-1.4%	-1.4%	-1.1%	-48.2%	-39.0%	-38.98%
OCF Margin	71.4%	59.8%	51.3%	32.4%	36.1%	40.8%	10.2%	-3.7%	-3.2%	-20.1%	32.6%	9.2%	-7.6%	-13.0%	-38.3%	14.4%	23.7%	11.0%	33.4%	20.9%	20.93%
ROE 3Y Avg	snapshot only																				-7.76%
ROE 5Y Avg	snapshot only																				-32.31%
ROA 3Y Avg	snapshot only																				-6.40%
ROIC 3Y Avg	snapshot only																				-4.31%
ROIC Economic	snapshot only																				-15.92%
Cash ROA	snapshot only																				9.75%
Cash ROIC	snapshot only																				10.98%
CROIC	snapshot only																				-20.45%
NOPAT Margin	snapshot only																				-31.77%
Pretax Margin	snapshot only																				-48.55%
R&D / Revenue	snapshot only																				0.00%
SGA / Revenue	snapshot only																				10.54%
SBC / Revenue	snapshot only																				8.55%

Valuation

Metric	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	Q4'26	Current
P/E Ratio	24.85	14.21	9.96	10.89	-4.11	-2.33	-0.43	-1.17	-2.85	-2.05	-9.74	12.96	13.94	8.98	7.56	-9.09	12.07	44.57	-8.57	-2.89	-2.140
P/S Ratio	11.31	7.61	5.56	4.11	1.14	1.61	0.86	2.59	4.55	3.32	4.17	3.00	2.77	3.02	3.10	1.93	2.70	4.76	2.40	1.44	2.472
P/B Ratio	5.82	4.01	2.52	2.23	0.94	1.36	0.85	1.85	2.75	2.13	2.22	1.32	1.25	1.33	0.86	0.50	0.62	1.47	1.10	0.81	1.874
P/FCF	-64.20	-18.60	-12.02	-5.92	-1.79	-3.60	-1.09	-4.69	-8.05	-3.73	-11.45	-5.01	-3.98	-3.63	-2.26	-1.41	-1.95	-4.49	-4.98	-3.69	-3.690
P/OCF	15.84	12.73	10.83	12.67	3.15	3.94	8.49	—	—	—	12.80	32.70	—	—	—	13.41	11.37	43.22	7.19	6.87	6.871
EV/EBITDA	12.35	9.15	5.54	4.99	4.36	18.88	-1.91	-5.17	15.45	29.87	11.91	3.69	2.23	4.68	5.70	30.43	6.56	11.26	6.93	17.17	17.170
EV/Revenue	10.62	7.73	4.46	3.40	0.94	1.38	0.75	2.24	4.87	3.65	4.26	3.12	1.42	2.99	2.97	2.00	2.56	4.63	2.37	1.57	1.567
EV/EBIT	14.70	11.18	7.08	9.06	-5.47	-3.17	-0.65	-1.90	-9.73	-5.47	-17.02	10.11	8.40	16.54	69.42	-4.28	-16.30	-64.40	-13.78	-3.26	-3.257
EV/FCF	-60.26	-18.90	-9.65	-4.90	-1.47	-3.10	-0.94	-4.05	-8.62	-4.09	-11.69	-5.20	-2.04	-3.60	-2.17	-1.46	-1.85	-4.37	-4.91	-4.02	-4.019
Earnings Yield	4.0%	7.0%	10.0%	9.2%	-24.4%	-42.8%	-2.3%	-85.7%	-35.0%	-48.7%	-10.3%	7.7%	7.2%	11.1%	13.2%	-11.0%	8.3%	2.2%	-11.7%	-34.7%	-34.66%
FCF Yield	-1.6%	-5.4%	-8.3%	-16.9%	-56.0%	-27.8%	-91.9%	-21.3%	-12.4%	-26.8%	-8.7%	-20.0%	-25.1%	-27.5%	-44.3%	-70.7%	-51.2%	-22.3%	-20.1%	-27.1%	-27.10%
PEG Ratio	snapshot only																				0.019
Price/Tangible Book	snapshot only																				0.809
EV/OCF	snapshot only																				7.484
Shareholder Yield	snapshot only																				0.00%

Leverage & Solvency

Metric	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	Q4'26	Current
Current Ratio	13.23	14.91	17.47	7.66	3.11	3.75	2.86	3.77	3.12	2.52	3.51	6.83	7.35	5.56	10.41	3.72	3.42	2.55	1.74	1.10	1.099
Quick Ratio	13.23	14.91	17.47	7.66	3.11	3.75	2.86	3.77	0.65	0.67	1.10	0.87	7.35	1.05	1.66	0.97	2.52	2.09	0.93	1.10	1.099
Debt/Equity	0.25	0.14	0.10	0.11	0.15	0.16	0.26	0.24	0.24	0.27	0.18	0.12	0.10	0.10	0.06	0.12	0.07	0.04	0.03	0.13	0.134
Net Debt/Equity	-0.36	0.06	-0.50	-0.38	-0.17	-0.19	-0.11	-0.25	0.20	0.21	0.05	0.05	-0.61	-0.01	-0.04	0.02	-0.03	-0.04	-0.01	0.07	0.072
Debt/Assets	0.19	0.11	0.09	0.10	0.12	0.13	0.20	0.18	0.18	0.19	0.14	0.10	0.09	0.08	0.05	0.10	0.06	0.03	0.03	0.11	0.111
Debt/EBITDA	0.56	0.31	0.28	0.30	0.86	2.56	-0.68	-0.77	1.28	3.39	0.97	0.31	0.36	0.36	0.40	7.28	0.80	0.29	0.21	2.62	2.616
Net Debt/EBITDA	-0.81	0.15	-1.36	-1.03	-0.94	-3.04	0.30	0.82	1.03	2.66	0.25	0.14	-2.13	-0.05	-0.24	1.01	-0.36	-0.32	-0.09	1.41	1.406
Interest Coverage	36.04	34.98	30.83	20.49	-9.36	-21.00	-42.93	-33.79	-11.75	-14.79	-7.07	9.76	6.05	6.65	1.71	-23.55	-11.10	-9.90	-37.43	-88.16	-88.157
Equity Multiplier	1.27	1.19	1.13	1.16	1.23	1.22	1.34	1.32	1.33	1.38	1.28	1.18	1.17	1.20	1.10	1.18	1.12	1.11	1.12	1.21	1.207
Cash Ratio	snapshot only																				0.604
Debt Service Coverage	snapshot only																				16.720
Cash to Debt	snapshot only																				0.462
FCF to Debt	snapshot only																				-1.633
Defensive Interval	snapshot only																				308.8 days

Efficiency & Turnover

Metric	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	Q4'26	Current
Asset Turnover	0.70	0.77	0.71	0.67	0.76	0.65	0.41	0.33	0.34	0.35	0.46	0.46	0.48	0.49	0.34	0.28	0.27	0.38	0.47	0.51	0.509
Inventory Turnover	—	4.22	3.47	—	—	—	—	—	1.81	2.49	1.88	0.95	2.79	0.81	0.54	0.53	4.19	1.70	1.31	3.98	3.978
Receivables Turnover	28.87	657.16	42.19	25.24	30.29	42.32	14.61	12.27	10.28	8.25	10.11	14.05	18.43	14.75	14.15	10.35	6.61	16.34	21.72	19.27	19.269
Payables Turnover	4.39	6.66	3.64	6.00	5.60	8.09	6.70	5.78	4.72	6.80	7.61	10.75	11.98	7.34	11.11	9.51	11.35	8.63	21.10	32.28	32.278
DSO	13	1	9	14	12	9	25	30	36	44	36	26	20	25	26	35	55	22	17	19	18.9 days
DIO	0	86	105	0	0	0	0	0	202	147	195	383	131	448	677	688	87	215	278	92	91.7 days
DPO	83	55	100	61	65	45	55	63	77	54	48	34	30	50	33	38	32	42	17	11	11.3 days
Cash Conversion Cycle	-71	32	13	-46	-53	-37	-30	-33	160	137	183	375	120	423	670	685	110	195	278	99	99.4 days
Fixed Asset Turnover	snapshot only																				0.620
Operating Cycle	snapshot only																				110.7 days
Cash Velocity	snapshot only																				9.064
Capital Intensity	snapshot only																				2.146

Growth (YoY)

Metric	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	Q4'26	Current
Revenue	2.8%	3.7%	4.1%	2.1%	1.2%	36.8%	-29.6%	-49.7%	-60.4%	-59.0%	-30.5%	7.7%	43.7%	56.0%	26.3%	0.7%	4.5%	57.1%	1.1%	1.6%	1.58%
Net Income	9.4%	3.9%	2.7%	2.3%	-2.3%	-2.8%	-3.5%	-4.0%	-1.3%	3.7%	85.2%	1.1%	1.2%	1.3%	2.2%	-1.9%	17.6%	-50.1%	-2.5%	-5.0%	-5.05%
EPS	9.0%	3.4%	2.3%	1.9%	-2.3%	-2.7%	-3.5%	-3.9%	-1.2%	6.9%	86.1%	1.1%	1.1%	1.2%	1.8%	-1.6%	-32.5%	-74.1%	-1.8%	-3.1%	-3.13%
FCF	-3.7%	-65.2%	-59.4%	-354.7%	-6.8%	-49.2%	-20.9%	59.9%	64.8%	18.1%	68.1%	-16.7%	-76.9%	-45.3%	-3.8%	-1.3%	-1.1%	-1.0%	25.4%	26.4%	26.38%
EBITDA	228.1%	4.8%	3.3%	1.3%	-46.0%	-88.1%	-1.3%	-1.3%	-41.8%	-31.8%	1.6%	3.1%	1.9%	7.2%	83.9%	-92.2%	-35.9%	1.2%	39.2%	2.6%	2.58%
Op. Income	29.3%	6.0%	6.0%	2.3%	96.0%	2.9%	-68.4%	-80.0%	-93.0%	-1.0%	-89.0%	37.1%	98.3%	5.7%	66.4%	-1.6%	57.9%	45.0%	4.0%	-4.4%	-4.41%
OCF Growth	snapshot only																				2.75%
Asset Growth	snapshot only																				20.23%
Equity Growth	snapshot only																				17.86%
Debt Growth	snapshot only																				28.83%
Shares Change	snapshot only																				46.58%

Growth (CAGR)

Metric	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	Q4'26	Current
Revenue 3Y	61.9%	67.2%	77.1%	87.9%	92.6%	78.9%	66.0%	53.8%	47.6%	38.3%	35.5%	19.1%	7.2%	-4.4%	-14.8%	-18.3%	-15.9%	0.1%	23.1%	41.0%	40.96%
Revenue 5Y	—	—	—	—	—	—	1.1%	52.5%	29.5%	21.3%	22.1%	29.2%	32.4%	29.6%	32.0%	31.6%	37.0%	45.3%	46.2%	34.5%	34.48%
EPS 3Y	—	—	—	—	—	—	—	—	—	—	—	-8.2%	-27.3%	-28.1%	-34.3%	—	—	—	—	—	—
EPS 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	-16.0%	—	—	—
Net Income 3Y	—	—	—	—	—	—	—	—	—	—	—	3.5%	-18.7%	-18.1%	-23.2%	—	—	—	—	—	—
Net Income 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	6.1%	—	—	—
EBITDA 3Y	2.3%	—	—	—	—	—	—	—	3.2%	-22.4%	-2.1%	15.8%	-3.1%	-12.9%	-26.3%	-62.5%	2.6%	77.9%	—	—	—
EBITDA 5Y	—	—	—	—	—	—	—	—	61.0%	—	—	—	—	—	—	23.3%	1.7%	30.9%	19.2%	-15.3%	-15.29%
Gross Profit 3Y	70.3%	86.1%	1.3%	1.9%	2.4%	—	1.3%	81.5%	61.7%	1.9%	2.6%	-9.8%	-20.9%	-32.3%	-43.0%	-47.0%	-42.9%	-36.7%	-5.5%	—	—
Gross Profit 5Y	—	—	—	—	—	—	96.3%	38.4%	14.1%	2.4%	15.7%	39.8%	57.4%	—	40.9%	23.4%	31.4%	10.8%	17.4%	—	—
Op. Income 3Y	1.4%	1.2%	1.8%	4.0%	—	—	—	1.1%	60.8%	—	-37.4%	-3.1%	-35.2%	-44.5%	-61.3%	—	-39.7%	-37.8%	-2.6%	—	—
Op. Income 5Y	—	—	—	—	—	—	—	1.1%	12.3%	—	-5.5%	1.0%	—	—	—	—	67.1%	11.7%	15.5%	—	—
FCF 3Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
FCF 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
OCF 3Y	—	—	—	—	—	—	—	—	—	—	14.6%	-46.0%	—	—	—	-37.6%	-26.9%	-35.3%	82.9%	—	—
OCF 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	84.9%	1.3%	31.1%	32.8%	-1.3%	-1.32%
Assets 3Y	16.2%	35.0%	71.7%	1.5%	1.1%	1.2%	93.4%	88.9%	70.8%	53.8%	51.2%	19.8%	8.9%	1.7%	-0.5%	5.6%	25.3%	35.9%	48.8%	48.2%	48.23%
Assets 5Y	3.4%	2.7%	2.9%	2.9%	2.7%	79.7%	2.9%	4.0%	3.6%	5.6%	19.2%	61.7%	57.3%	66.2%	78.8%	78.8%	75.4%	71.5%	56.3%	29.1%	29.08%
Equity 3Y	8.2%	28.4%	68.4%	1.6%	1.1%	1.4%	91.0%	91.9%	76.6%	51.0%	49.8%	26.5%	11.9%	1.5%	0.2%	5.0%	29.1%	40.2%	58.4%	52.6%	52.62%
Book Value 3Y	-0.3%	18.4%	53.8%	1.4%	96.9%	1.2%	76.6%	76.6%	70.1%	42.2%	40.4%	12.2%	0.1%	-10.9%	-14.2%	-15.1%	-2.8%	-0.2%	11.2%	9.7%	9.74%
Dividend 3Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

Growth Quality

Metric	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	Q4'26	Current
Revenue Stability	0.68	0.62	0.58	0.67	0.74	0.80	0.66	0.53	0.40	0.35	0.30	0.29	0.23	0.18	0.13	0.11	0.14	0.41	0.69	0.61	0.610
Earnings Stability	0.01	0.12	0.29	0.26	0.00	0.00	0.07	0.03	0.04	0.08	0.02	0.01	0.03	0.01	0.00	0.04	0.00	0.00	0.03	0.16	0.162
Margin Stability	0.33	0.29	0.43	0.42	0.32	0.30	0.56	0.64	0.59	0.65	0.58	0.51	0.40	0.17	0.35	0.47	0.49	0.43	0.51	0.00	0.000
Rev. Growth Consistency	0.50	0.50	1.00	1.00	1.00	1.00	0.00	0.00	0.00	0.00	0.00	0.50	0.50	0.50	0.50	1.00	1.00	1.00	1.00	1.00	1.000
Earn. Growth Consistency	1.00	1.00	1.00	1.00	0.00	0.00	0.00	0.00	0.00	0.50	0.50	0.50	0.50	1.00	1.00	0.00	1.00	0.00	0.00	0.00	0.000
FCF Positive Streak	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Earnings Persistence	0.20	0.50	0.50	0.50	0.20	0.20	0.20	0.20	0.50	0.50	0.50	0.20	0.20	0.20	0.20	0.20	0.50	0.50	0.20	0.50	0.500
Earnings Smoothness	—	0.00	0.00	0.00	—	—	—	—	—	—	—	—	—	—	—	—	0.84	0.33	—	—	—
ROE Trend	2.65	3.47	1.79	0.15	-0.24	-0.94	-2.37	-1.78	-0.97	-0.89	0.63	0.79	0.69	0.96	1.21	0.69	0.49	0.48	-0.07	-0.30	-0.304
Gross Margin Trend	0.60	0.52	0.43	0.25	0.18	-0.08	-0.27	-0.29	-0.40	-0.49	-0.39	-0.30	-0.23	-0.17	-0.14	-0.19	-0.12	-0.11	-0.05	-0.48	-0.480
FCF Margin Trend	-1.18	-1.45	-0.42	-0.67	-0.48	-0.26	-0.54	-0.20	-0.16	-0.46	0.26	0.02	-0.10	-0.16	-0.79	-0.79	-0.75	-0.20	0.39	0.59	0.594
Sustainable Growth Rate	41.3%	49.8%	45.1%	30.8%	—	—	—	—	—	—	—	13.0%	11.8%	20.5%	16.1%	—	6.9%	4.6%	—	—	—
Internal Growth Rate	46.9%	70.1%	65.3%	33.8%	—	—	—	—	—	—	—	11.8%	10.7%	19.6%	16.2%	—	6.5%	4.2%	—	—	—

Cash Flow Quality

Metric	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	Q4'26	Current
OCF/Net Income	1.57	1.12	0.92	0.86	-1.30	-0.59	-0.05	0.02	0.02	0.12	-0.76	0.40	-0.38	-0.39	-0.94	-0.68	1.06	1.03	-1.19	-0.42	-0.420
FCF/OCF	-0.25	-0.68	-0.90	-2.14	-1.77	-1.09	-7.81	14.92	17.81	4.43	-1.12	-6.53	9.21	6.40	3.58	-9.48	-5.83	-9.63	-1.44	-1.86	-1.862
FCF/Net Income	snapshot only																				0.782
OCF/EBITDA	snapshot only																				2.294
CapEx/Revenue	89.1%	1.0%	97.5%	1.0%	99.7%	85.4%	89.6%	51.6%	53.4%	69.0%	69.1%	69.1%	62.1%	70.0%	98.8%	1.5%	1.6%	1.2%	81.5%	59.9%	59.92%
CapEx/Depreciation	snapshot only																				1.047
Accruals Ratio	-0.18	-0.05	0.03	0.04	-0.49	-0.71	-0.86	-0.72	-0.53	-0.50	-0.34	0.06	0.13	0.23	0.27	-0.10	-0.00	-0.00	-0.29	-0.36	-0.360
Sloan Accruals	snapshot only																				-0.588
Cash Flow Adequacy	snapshot only																				0.349

Dividends & Buybacks

Metric	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	Q4'26	Current
Dividend Yield	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%
Dividend/Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Payout Ratio	0.0%	0.0%	0.0%	0.0%	—	—	—	—	—	—	—	0.0%	0.0%	0.0%	0.0%	—	0.0%	0.0%	—	—	—
FCF Payout Ratio	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total Payout Ratio	0.0%	0.0%	0.0%	0.0%	—	—	—	—	—	—	—	0.0%	0.0%	0.0%	0.0%	—	0.0%	0.0%	—	—	—
Div. Increase Streak	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Chowder Number	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Buyback Yield	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%
Net Buyback Yield	-6.7%	-8.5%	-9.4%	-3.9%	-10.8%	-4.0%	-3.8%	-1.5%	-1.5%	-4.6%	-7.5%	-16.2%	-25.2%	-22.4%	-39.2%	-83.8%	-64.2%	-31.5%	-36.2%	-46.0%	-46.05%
Total Shareholder Return	-6.7%	-8.5%	-9.4%	-3.9%	-10.8%	-4.0%	-3.8%	-1.5%	-1.5%	-4.6%	-7.5%	-16.2%	-25.2%	-22.4%	-39.2%	-83.8%	-64.2%	-31.5%	-36.2%	-46.0%	-46.05%

DuPont Factors

Metric	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	Q4'26	Current
Tax Burden (NI/EBT)	1.00	1.00	1.00	0.97	1.04	1.02	1.01	1.00	1.02	1.03	1.17	0.81	0.82	0.91	0.95	1.23	0.87	0.81	1.08	1.03	1.027
Interest Burden (EBT/EBIT)	0.63	0.78	0.89	1.03	1.55	1.55	1.75	1.89	3.13	2.35	1.46	0.93	1.44	2.05	10.05	0.37	-1.64	-1.84	1.51	1.01	1.009
EBIT Margin	0.72	0.69	0.63	0.38	-0.17	-0.44	-1.14	-1.18	-0.50	-0.67	-0.25	0.31	0.17	0.18	0.04	-0.47	-0.16	-0.07	-0.17	-0.48	-0.481
Asset Turnover	0.70	0.77	0.71	0.67	0.76	0.65	0.41	0.33	0.34	0.35	0.46	0.46	0.48	0.49	0.34	0.28	0.27	0.38	0.47	0.51	0.509
Equity Multiplier	1.29	1.21	1.14	1.22	1.25	1.20	1.18	1.21	1.26	1.28	1.31	1.23	1.22	1.25	1.16	1.18	1.14	1.14	1.11	1.20	1.196

Per Share

Metric	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	Q4'26	Current
EPS (Diluted TTM)	$0.58	$0.94	$1.33	$0.98	$-0.73	$-1.61	$-3.35	$-2.82	$-1.62	$-1.50	$-0.46	$0.26	$0.22	$0.35	$0.38	$-0.16	$0.15	$0.09	$-0.30	$-0.66	$-0.66
Book Value/Share	$2.46	$3.33	$5.24	$4.77	$3.17	$2.76	$1.70	$1.78	$1.68	$1.45	$2.04	$2.55	$2.47	$2.36	$3.30	$2.92	$2.91	$2.74	$2.34	$2.35	$1.59
Tangible Book/Share	$2.27	$3.15	$5.06	$4.76	$3.16	$2.76	$1.70	$1.78	$1.68	$1.45	$2.04	$2.55	$2.47	$2.36	$3.30	$2.92	$2.91	$2.74	$2.34	$2.35	$2.35
Revenue/Share	$1.26	$1.76	$2.38	$2.59	$2.63	$2.34	$1.67	$1.27	$1.02	$0.93	$1.09	$1.12	$1.11	$1.04	$0.92	$0.75	$0.67	$0.85	$1.08	$1.32	$1.24
FCF/Share	$-0.22	$-0.72	$-1.10	$-1.80	$-1.67	$-1.04	$-1.32	$-0.70	$-0.58	$-0.83	$-0.40	$-0.67	$-0.77	$-0.86	$-1.26	$-1.03	$-0.92	$-0.90	$-0.52	$-0.51	$-0.47
OCF/Share	$0.90	$1.05	$1.22	$0.84	$0.95	$0.95	$0.17	$-0.05	$-0.03	$-0.19	$0.35	$0.10	$-0.08	$-0.13	$-0.35	$0.11	$0.16	$0.09	$0.36	$0.28	$0.21
Cash/Share	$1.49	$0.24	$3.13	$2.36	$1.01	$0.96	$0.64	$0.87	$0.08	$0.08	$0.28	$0.16	$1.76	$0.27	$0.31	$0.31	$0.30	$0.21	$0.11	$0.15	$0.86
EBITDA/Share	$1.09	$1.48	$1.91	$1.77	$0.57	$0.17	$-0.65	$-0.55	$0.32	$0.11	$0.39	$0.95	$0.71	$0.66	$0.48	$0.05	$0.26	$0.35	$0.37	$0.12	$0.12
Debt/Share	$0.61	$0.46	$0.54	$0.53	$0.49	$0.44	$0.45	$0.42	$0.41	$0.38	$0.38	$0.30	$0.26	$0.24	$0.19	$0.36	$0.21	$0.10	$0.08	$0.32	$0.32
Net Debt/Share	$-0.88	$0.22	$-2.60	$-1.83	$-0.53	$-0.52	$-0.19	$-0.45	$0.33	$0.30	$0.10	$0.13	$-1.50	$-0.03	$-0.12	$0.05	$-0.09	$-0.11	$-0.03	$0.17	$0.17

Per Employee

Metric	Q1'22	Current
Employee Count	snapshot only	29
Revenue/Employee	snapshot only	$10268655.17
Income/Employee	snapshot only	$-5118896.55
EBITDA/Employee	snapshot only	$936896.55
FCF/Employee	snapshot only	$-4002931.03
Assets/Employee	snapshot only	$22039517.24
Market Cap/Employee	snapshot only	$14768901.40

Academic Models

Metric	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	Q4'26	Current
Altman Z-Score	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	1.152
Altman Z-Prime	snapshot only																				0.492
Piotroski F-Score	6	8	6	5	4	3	3	1	2	1	6	6	5	5	4	2	5	5	5	3	3
Beneish M-Score	1.74	0.69	0.75	-1.87	-4.27	-6.62	-5.69	-7.01	-5.28	-5.13	-3.47	-1.95	-2.25	-0.43	-1.05	-0.74	3.54	1.66	-2.27	-3.66	-3.655
Ohlson O-Score	snapshot only																				-8.310
ROIC (Greenblatt)	snapshot only																				-29.48%
Net-Net WC	snapshot only																				$-0.22
EVA	snapshot only																				$-151373820.00

Credit

Metric	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	Q4'26	Current
Credit Rating	snapshot only																				B
Credit Score	87.41	88.35	88.68	88.68	47.15	48.56	31.15	33.16	41.95	24.76	54.54	78.60	76.73	71.43	65.54	25.76	51.04	62.03	57.27	28.18	28.179
Credit Grade	snapshot only																				15
Credit Trend	snapshot only																				2.423
Implied Spread (bps)	snapshot only																				750.000
Industry Credit Rank	snapshot only																				13
Sector Credit Rank	snapshot only																				14

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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

Workforce & Productivity

Scaling Efficiency

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