$3.66

+0.10 (+2.81%)

Weekly Expected Move ±10.8%

$3 $3 $3 $4 $4

NYSE · Technology · Information Technology Services · Alpha Radar Strong Sell · Power 30 · $689.5M mcap · 73M float · 2.08% daily turnover · Short 51% 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.

NARROW EDGE

56.5 / 100

NoneWeakNarrowWide

Primary source: Switching Costs · ROIC: -4.4% · 5Y Avg: 0.4%

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. NABL has a Narrow competitive edge (56.5/100) — meaningful but not impregnable advantages over competitors. The primary source of advantage is Switching Costs. Negative ROIC of -4.4% 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 2 analysts since May 7, 2026 earnings

Analyst Recommendations

Strong Buy: 0Buy: 2Hold: 3Sell: 1Strong Sell: 0

Rating Summary

ConsensusHold

Avg Target$6.13

Analysts2

Price Target Change History

Date	Firm	Analyst	Old	New	Change	Upside @ Call	Stock@Call
2026-05-08	Scotiabank	—	$5	$6	+0	+16.0%	$4.96
2026-05-08	Needham	—	Initiated	$6	—	+31.8%	$4.93
2026-02-20	Scotiabank	Joe Vandrick	$9	$5	-4	+7.9%	$4.87
2026-02-20	BMO Capital	Keith Bachman	$8	$6	-3	+13.9%	$4.83
2025-03-04	Scotiabank	—	Initiated	$9	—	+21.2%	$7.22
2025-03-04	RBC Capital	—	$17	$10	-7	+38.5%	$7.22
2025-03-03	BMO Capital	—	Initiated	$8	—	+18.1%	$7.20
2024-05-29	RBC Capital	Matthew Hedberg	Initiated	$17	—	+22.9%	$13.83

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.

B-

May 22, 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. NABL receives an overall rating of B-. Strongest factors: DCF (5/5), P/B (4/5). Areas of concern: ROE (1/5), ROA (1/5), D/E (2/5), P/E (1/5).

Rating Change History

Date	From	To
2026-05-07	C+	B-
2026-02-23	B-	C+
2026-02-19	C+	B-
2026-02-02	B-	C+
2026-01-20	C+	B-
2026-01-16	B-	C+
2026-01-03	B	B-

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.

★ ★ ★ ★ ★ 29 Grade C

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. NABL scores highest in Earnings Quality (52/100) and lowest in Profitability (26/100). A grade of C represents mixed fundamentals — strengths in some areas offset by weaknesses.

Risk & Quality Signals

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

Altman Z-Score

1.45

Distress Zone

Piotroski F-Score

5/9

✗ ✓ ✗ ✓ ✓ ✗ ✓ ✗ ✓

Beneish M-Score

-2.79

Unlikely Manipulator

Ohlson O-Score

-7.01

Bankruptcy prob: 0.1%

Low Risk

Credit Rating

BB-

Score: 37.3/100

Trend: Deteriorating

Earnings Quality

—

OCF/NI: -8.68x

Accruals: -7.4%

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. NABL scores 1.45, 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. NABL scores 5/9, indicating moderate financial health — some areas of strength offset by weaknesses in others. 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. NABL's score of -2.79 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. NABL's implied 0.1% 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. NABL receives an estimated rating of BB- (score: 37.3/100), 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

-65.47x

PEG

0.97x

P/S

1.31x

P/B

0.86x

P/FCF

11.76x

P/OCF

9.63x

EV/EBITDA

12.82x

EV/Revenue

2.32x

EV/EBIT

22.30x

EV/FCF

16.43x

Earnings Yield

-1.20%

FCF Yield

8.50%

Shareholder Yield

3.43%

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. NABL 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

-1.005

NI / EBT

Interest Burden

0.190

EBT / EBIT

EBIT Margin

0.104

EBIT / Rev

Asset Turnover

0.383

Rev / Assets

Equity Multiplier

1.758

Assets / Equity

ROE

-1.3%

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. NABL's ROE of -1.3% is driven by Asset Turnover (0.383), indicating efficient use of assets to generate revenue. A tax burden ratio of -1.00 suggests the company retains less than 60% of pre-tax earnings after taxes.

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.

Adj. Growth Rate

0.00%

Fair P/E

8.50x

Intrinsic Value

—

Price/Value

—

Margin of Safety

—

Premium

—

Assessment

Overvalued

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 1218 days of historical volatility. Percentile bands show the range of statistically plausible outcomes — this is a statistical model, not a forecast.

Current Price

$3.65

Median 1Y

$2.42

5th Pctile

$1.12

95th Pctile

$5.22

Ann. Volatility

46.0%

Analyst Target

$6.13

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
John Pagliuca Chief Executive Officer	$500,000	$6,813,606	$7,748,106
Tim O’Brien Financial ancial Officer	$415,000	$2,800,990	$3,474,301
Michael Adler Technology nology and Product Officer	$440,000	$2,069,173	$2,782,201
Frank Colletti Revenue evenue Officer	$311,678	$1,968,250	$2,466,530
Kathleen Pai People People Officer	$425,000	$1,438,269	$2,127,467

CEO Pay Ratio

76:1

CEO-to-Employee Pay Ratio

CEO Total Comp: $7,748,106

Avg Employee Cost (SGA/emp): $101,951

Employees: 2,500

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

2,500

0.0% YoY

Revenue / Employee

$204,572

Rev: $511,430,000

Profit / Employee

$-6,813

NI: $-17,032,000

SGA / Employee

$101,951

Avg labor cost proxy

R&D / Employee

$40,285

Innovation spend

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	Q3'21	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	Current
ROE	0.3%	0.6%	1.5%	2.2%	1.9%	2.7%	2.4%	2.4%	3.3%	3.5%	4.0%	4.8%	5.5%	4.2%	2.2%	0.4%	-0.9%	-2.2%	-1.3%	-1.34%
ROA	0.2%	0.4%	0.9%	1.3%	1.1%	1.6%	1.4%	1.4%	2.0%	2.1%	2.4%	2.9%	3.3%	2.5%	1.3%	0.2%	-0.5%	-1.2%	-0.8%	-0.76%
ROIC	0.3%	0.8%	1.6%	2.3%	2.2%	2.8%	2.8%	2.9%	3.8%	4.0%	4.5%	5.1%	5.5%	4.5%	2.7%	0.6%	-2.1%	-24.5%	-4.4%	-4.44%
ROCE	0.9%	1.8%	3.0%	4.0%	4.1%	4.8%	5.2%	5.8%	6.6%	6.9%	7.4%	8.0%	8.7%	7.1%	5.6%	4.4%	3.6%	3.7%	4.5%	4.47%
Gross Margin	86.1%	85.1%	84.3%	84.5%	83.9%	84.3%	83.8%	84.0%	83.9%	83.7%	83.9%	84.0%	82.9%	80.0%	76.6%	78.1%	80.7%	75.9%	75.8%	75.83%
Operating Margin	11.1%	9.5%	12.2%	11.2%	12.5%	14.9%	14.4%	14.9%	17.1%	20.1%	18.0%	18.4%	20.5%	13.7%	1.5%	7.7%	8.8%	12.3%	9.8%	9.84%
Net Margin	2.1%	2.3%	5.6%	4.7%	0.3%	7.3%	3.5%	4.3%	5.6%	8.6%	6.6%	7.9%	9.2%	2.8%	-6.1%	-3.1%	1.1%	-5.6%	-0.5%	-0.46%
EBITDA Margin	16.6%	19.5%	20.3%	17.9%	17.1%	23.9%	21.0%	20.7%	21.6%	27.7%	23.4%	24.3%	27.7%	19.0%	11.5%	15.3%	17.6%	21.2%	18.3%	18.33%
FCF Margin	-4.1%	1.7%	4.6%	8.7%	12.7%	13.6%	12.1%	10.6%	12.8%	16.1%	14.2%	15.4%	14.0%	12.2%	15.1%	14.4%	14.1%	14.1%	14.1%	14.13%
OCF Margin	3.5%	12.5%	13.2%	16.1%	19.8%	19.2%	18.1%	16.9%	18.9%	21.4%	19.2%	20.1%	18.5%	17.0%	20.2%	19.0%	18.9%	18.2%	17.3%	17.27%
ROE 3Y Avg	snapshot only																			1.56%
ROE 5Y Avg	snapshot only																			1.70%
ROA 3Y Avg	snapshot only																			0.94%
ROIC 3Y Avg	snapshot only																			-2.88%
ROIC Economic	snapshot only																			-4.08%
Cash ROA	snapshot only																			6.45%
Cash ROIC	snapshot only																			7.90%
CROIC	snapshot only																			6.46%
NOPAT Margin	snapshot only																			-9.71%
Pretax Margin	snapshot only																			1.98%
R&D / Revenue	snapshot only																			20.28%
SGA / Revenue	snapshot only																			46.59%
SBC / Revenue	snapshot only																			6.63%

Valuation

Metric	Q3'21	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	Current
P/E Ratio	1164.49	509.19	181.58	121.62	141.96	112.09	159.66	174.54	114.14	105.55	89.52	88.37	66.35	56.85	81.68	534.22	-225.72	-81.97	-83.53	-65.467
P/S Ratio	24.67	11.24	6.10	4.51	4.57	5.04	6.35	6.77	5.87	5.86	5.61	6.35	5.36	3.78	2.84	3.17	2.95	2.73	1.66	1.309
P/B Ratio	3.46	3.24	2.65	2.63	2.70	2.92	3.77	4.17	3.74	3.47	3.44	4.01	3.45	2.32	1.76	2.01	1.94	1.74	1.09	0.859
P/FCF	-608.90	646.19	132.43	52.10	35.96	37.15	52.42	63.64	45.93	36.47	39.59	41.20	38.43	31.04	18.73	22.00	20.92	19.32	11.76	11.763
P/OCF	710.45	89.91	46.34	27.95	23.16	26.22	35.09	39.98	31.09	27.43	29.25	31.62	29.01	22.15	14.06	16.65	15.66	14.98	9.63	9.625
EV/EBITDA	168.62	72.20	38.68	28.99	29.13	29.17	35.36	36.08	30.06	27.99	26.20	28.24	22.72	18.58	16.68	20.57	22.15	20.62	12.82	12.817
EV/Revenue	27.95	13.01	7.27	5.38	5.44	5.78	7.08	7.47	6.55	6.38	6.12	6.84	5.85	4.38	3.44	3.76	3.52	3.41	2.32	2.322
EV/EBIT	278.07	131.65	65.78	48.26	48.19	43.62	51.37	50.18	40.09	36.10	33.33	35.61	28.31	24.25	24.25	34.29	40.69	38.81	22.30	22.297
EV/FCF	-689.96	747.87	157.86	62.20	42.73	42.65	58.42	70.23	51.23	39.74	43.17	44.40	41.90	36.05	22.72	26.09	24.96	24.13	16.43	16.434
Earnings Yield	0.1%	0.2%	0.6%	0.8%	0.7%	0.9%	0.6%	0.6%	0.9%	0.9%	1.1%	1.1%	1.5%	1.8%	1.2%	0.2%	-0.4%	-1.2%	-1.2%	-1.20%
FCF Yield	-0.2%	0.2%	0.8%	1.9%	2.8%	2.7%	1.9%	1.6%	2.2%	2.7%	2.5%	2.4%	2.6%	3.2%	5.3%	4.5%	4.8%	5.2%	8.5%	8.50%
PEG Ratio	snapshot only																			0.966
EV/OCF	snapshot only																			13.447
EV/Gross Profit	snapshot only																			2.991
Acquirers Multiple	snapshot only																			24.021
Shareholder Yield	snapshot only																			3.43%

Leverage & Solvency

Metric	Q3'21	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	Current
Current Ratio	2.48	1.99	1.99	1.99	1.99	2.49	2.49	2.49	2.49	2.75	2.75	2.75	2.75	1.23	1.23	1.23	1.23	1.19	1.19	1.190
Quick Ratio	2.48	1.99	1.99	1.99	1.99	2.49	2.49	2.49	2.49	2.75	2.75	2.75	2.75	1.23	1.23	1.23	1.23	1.19	1.19	1.190
Debt/Equity	0.62	0.62	0.62	0.62	0.62	0.59	0.59	0.59	0.59	0.53	0.53	0.53	0.53	0.49	0.49	0.49	0.49	0.57	0.57	0.571
Net Debt/Equity	0.46	0.51	0.51	0.51	0.51	0.43	0.43	0.43	0.43	0.31	0.31	0.31	0.31	0.37	0.37	0.37	0.37	0.43	0.43	0.432
Debt/Assets	0.36	0.36	0.36	0.36	0.36	0.35	0.35	0.35	0.35	0.32	0.32	0.32	0.32	0.28	0.28	0.28	0.28	0.33	0.33	0.326
Debt/EBITDA	26.62	11.90	7.55	5.70	5.59	5.10	4.93	4.59	4.22	3.89	3.68	3.44	3.18	3.36	3.80	4.19	4.66	5.43	4.81	4.815
Net Debt/EBITDA	19.81	9.82	6.23	4.71	4.62	3.76	3.63	3.39	3.11	2.30	2.18	2.03	1.88	2.58	2.93	3.22	3.59	4.11	3.64	3.643
Interest Coverage	2.86	2.23	2.61	2.64	2.39	2.61	2.33	2.24	2.31	2.47	2.61	2.81	3.10	2.81	2.26	1.76	1.39	1.25	2.57	2.572
Equity Multiplier	1.71	1.71	1.71	1.71	1.71	1.68	1.68	1.68	1.68	1.63	1.63	1.63	1.63	1.76	1.76	1.76	1.76	1.75	1.75	1.752
Cash Ratio	snapshot only																			0.615
Debt Service Coverage	snapshot only																			4.474
Cash to Debt	snapshot only																			0.243
FCF to Debt	snapshot only																			0.162
Defensive Interval	snapshot only																			198.7 days

Efficiency & Turnover

Metric	Q3'21	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	Current
Asset Turnover	0.08	0.17	0.25	0.34	0.34	0.35	0.36	0.37	0.38	0.38	0.39	0.40	0.41	0.37	0.38	0.39	0.40	0.37	0.38	0.383
Inventory Turnover	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Receivables Turnover	3.04	5.39	8.13	10.91	11.77	10.96	11.22	11.65	12.06	11.28	11.65	12.01	12.25	10.98	11.08	11.36	11.72	10.74	11.06	11.064
Payables Turnover	2.22	4.37	6.80	9.21	9.97	12.46	12.87	13.48	13.96	15.53	16.01	16.50	17.07	14.00	15.62	17.28	18.23	14.81	15.41	15.414
DSO	120	68	45	33	31	33	33	31	30	32	31	30	30	33	33	32	31	34	33	33.0 days
DIO	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0.0 days
DPO	165	84	54	40	37	29	28	27	26	24	23	22	21	26	23	21	20	25	24	23.7 days
Cash Conversion Cycle	-44	-16	-9	-6	-6	4	4	4	4	9	9	8	8	7	10	11	11	9	9	9.3 days
Fixed Asset Turnover	snapshot only																			7.908
Cash Velocity	snapshot only																			4.711
Capital Intensity	snapshot only																			2.676

Growth (YoY)

Metric	Q3'21	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	Current
Revenue	—	—	—	—	3.1%	1.1%	41.6%	9.6%	12.0%	13.5%	14.5%	13.7%	11.9%	10.5%	8.0%	7.4%	8.6%	9.7%	12.0%	11.97%
Net Income	—	—	—	—	5.3%	3.3%	67.7%	14.7%	78.7%	40.1%	80.4%	1.1%	75.9%	32.2%	-40.2%	-91.1%	-1.2%	-1.6%	-1.6%	-1.64%
EPS	—	—	—	—	5.1%	3.2%	65.0%	11.6%	73.8%	36.9%	76.6%	1.1%	74.2%	30.9%	-40.5%	-91.2%	-1.2%	-1.6%	-1.6%	-1.64%
FCF	—	—	—	—	14.0%	15.3%	2.7%	34.8%	12.5%	34.4%	33.9%	64.7%	22.2%	-16.3%	15.3%	0.4%	9.9%	27.5%	4.5%	4.51%
EBITDA	—	—	—	—	3.7%	1.3%	50.8%	22.3%	30.7%	30.5%	33.6%	33.0%	32.2%	14.4%	-4.7%	-19.0%	-32.8%	-23.1%	-1.6%	-1.64%
Op. Income	—	—	—	—	3.3%	1.6%	72.6%	41.8%	51.1%	48.4%	51.0%	47.1%	40.4%	17.1%	-16.7%	-37.3%	-55.2%	-51.9%	-20.0%	-20.04%
OCF Growth	snapshot only																			-4.14%
Asset Growth	snapshot only																			5.31%
Equity Growth	snapshot only																			5.97%
Debt Growth	snapshot only																			24.50%
Shares Change	snapshot only																			-0.37%

Growth (CAGR)

Metric	Q3'21	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	Current
Revenue 3Y	—	—	—	—	—	—	—	—	—	—	—	—	73.0%	37.9%	20.5%	10.2%	10.8%	11.2%	11.4%	11.44%
Revenue 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
EPS 3Y	—	—	—	—	—	—	—	—	—	—	—	—	1.6%	96.1%	20.1%	-41.0%	—	—	—	—
EPS 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Net Income 3Y	—	—	—	—	—	—	—	—	—	—	—	—	1.7%	99.0%	21.9%	-40.2%	—	—	—	—
Net Income 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
EBITDA 3Y	—	—	—	—	—	—	—	—	—	—	—	—	1.0%	50.8%	24.3%	9.6%	5.1%	4.7%	7.8%	7.80%
EBITDA 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Gross Profit 3Y	—	—	—	—	—	—	—	—	—	—	—	—	71.4%	36.3%	18.5%	7.7%	8.3%	8.3%	8.5%	8.51%
Gross Profit 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Op. Income 3Y	—	—	—	—	—	—	—	—	—	—	—	—	1.1%	65.2%	29.5%	9.4%	-1.7%	-5.8%	0.2%	0.19%
Op. Income 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
FCF 3Y	—	—	—	—	—	—	—	—	—	—	—	—	—	1.6%	79.2%	30.6%	14.8%	12.8%	17.3%	17.30%
FCF 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
OCF 3Y	—	—	—	—	—	—	—	—	—	—	—	—	2.0%	52.8%	39.0%	16.5%	9.1%	9.3%	9.7%	9.71%
OCF 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Assets 3Y	—	—	—	—	—	—	—	—	—	—	—	—	2.5%	8.2%	8.2%	8.2%	8.2%	9.3%	9.3%	9.33%
Assets 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Equity 3Y	—	—	—	—	—	—	—	—	—	—	—	—	4.1%	7.1%	7.1%	7.1%	7.1%	7.8%	7.8%	7.81%
Book Value 3Y	—	—	—	—	—	—	—	—	—	—	—	—	1.7%	5.5%	5.5%	5.5%	5.7%	6.9%	7.0%	6.97%
Dividend 3Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

Growth Quality

Metric	Q3'21	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	Current
Revenue Stability	—	—	—	—	—	—	—	—	0.85	0.90	0.96	0.98	0.81	0.86	0.93	0.99	1.00	1.00	0.99	0.992
Earnings Stability	—	—	—	—	—	—	—	—	1.00	0.97	0.96	0.83	0.98	0.98	0.33	0.02	0.01	0.05	0.18	0.184
Margin Stability	—	—	—	—	—	—	—	—	0.99	0.99	0.99	0.99	0.99	0.99	0.98	0.97	0.97	0.96	0.96	0.963
Rev. Growth Consistency	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	1.00	1.00	1.00	1.00	1.00	1.00	1.000
Earn. Growth Consistency	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	1.00	0.00	0.00	0.00	0.00	0.00	0.000
FCF Positive Streak	0	0	0	0	0	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Earnings Persistence	—	—	—	—	—	—	—	—	0.50	0.84	0.50	0.50	0.50	0.87	0.84	0.50	0.20	0.20	0.20	0.200
Earnings Smoothness	—	—	—	—	0.00	0.00	0.49	0.86	0.44	0.67	0.43	0.29	0.45	0.72	0.50	0.00	—	—	—	—
ROE Trend	—	—	—	—	—	—	—	—	0.02	0.02	0.02	0.02	0.03	0.01	-0.01	-0.03	-0.05	-0.06	-0.04	-0.043
Gross Margin Trend	—	—	—	—	—	—	—	—	-0.01	-0.01	-0.01	-0.01	-0.01	-0.01	-0.03	-0.05	-0.05	-0.05	-0.05	-0.047
FCF Margin Trend	—	—	—	—	—	—	—	—	0.08	0.08	0.06	0.06	0.01	-0.03	0.02	0.01	0.01	0.00	-0.01	-0.005
Sustainable Growth Rate	0.3%	0.6%	1.5%	2.2%	1.9%	2.7%	2.4%	2.4%	3.3%	3.5%	4.0%	4.8%	5.5%	4.2%	2.2%	0.4%	—	—	—	—
Internal Growth Rate	0.2%	0.4%	0.9%	1.3%	1.1%	1.6%	1.4%	1.5%	2.0%	2.1%	2.5%	3.0%	3.4%	2.5%	1.3%	0.2%	—	—	—	—

Cash Flow Quality

Metric	Q3'21	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	Current
OCF/Net Income	1.64	5.66	3.92	4.35	6.13	4.27	4.55	4.37	3.67	3.85	3.06	2.79	2.29	2.57	5.81	32.08	-14.41	-5.47	-8.68	-8.679
FCF/OCF	-1.17	0.14	0.35	0.54	0.64	0.71	0.67	0.63	0.68	0.75	0.74	0.77	0.75	0.71	0.75	0.76	0.75	0.78	0.82	0.818
FCF/Net Income	snapshot only																			-7.101
OCF/EBITDA	snapshot only																			0.953
CapEx/Revenue	7.5%	10.8%	8.6%	7.5%	7.0%	5.7%	6.0%	6.3%	6.1%	5.3%	5.0%	4.7%	4.5%	4.9%	5.0%	4.6%	4.7%	4.1%	3.1%	3.14%
CapEx/Depreciation	snapshot only																			0.407
Accruals Ratio	-0.00	-0.02	-0.02	-0.04	-0.06	-0.05	-0.05	-0.05	-0.05	-0.06	-0.05	-0.05	-0.04	-0.04	-0.06	-0.07	-0.08	-0.08	-0.07	-0.074
Sloan Accruals	snapshot only																			-0.029
Cash Flow Adequacy	snapshot only																			5.502

Dividends & Buybacks

Metric	Q3'21	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	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%	0.00%
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
Payout Ratio	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%	—	—	—	—
FCF Payout Ratio	—	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%
Total Payout Ratio	20.3%	9.7%	4.2%	2.9%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	3.5%	—	—	—	—
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%	0.7%	1.4%	2.2%	3.4%	3.43%
Net Buyback Yield	0.0%	0.0%	-0.0%	-0.0%	-0.1%	-0.1%	-0.1%	-0.1%	-0.1%	-0.1%	-0.0%	-0.0%	0.0%	0.0%	0.0%	0.7%	1.3%	2.1%	3.2%	3.17%
Total Shareholder Return	0.0%	0.0%	-0.0%	-0.0%	-0.1%	-0.1%	-0.1%	-0.1%	-0.1%	-0.1%	-0.0%	-0.0%	0.0%	0.0%	0.0%	0.7%	1.3%	2.1%	3.2%	3.17%

DuPont Factors

Metric	Q3'21	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	Current
Tax Burden (NI/EBT)	0.32	0.40	0.49	0.54	0.49	0.55	0.51	0.47	0.56	0.53	0.55	0.58	0.58	0.57	0.44	0.12	-0.54	-7.12	-1.00	-1.005
Interest Burden (EBT/EBIT)	0.65	0.55	0.62	0.62	0.58	0.62	0.57	0.55	0.57	0.59	0.62	0.64	0.68	0.64	0.56	0.43	0.28	0.05	0.19	0.190
EBIT Margin	0.10	0.10	0.11	0.11	0.11	0.13	0.14	0.15	0.16	0.18	0.18	0.19	0.21	0.18	0.14	0.11	0.09	0.09	0.10	0.104
Asset Turnover	0.08	0.17	0.25	0.34	0.34	0.35	0.36	0.37	0.38	0.38	0.39	0.40	0.41	0.37	0.38	0.39	0.40	0.37	0.38	0.383
Equity Multiplier	1.71	1.71	1.71	1.71	1.71	1.69	1.69	1.69	1.69	1.66	1.66	1.66	1.66	1.70	1.70	1.70	1.70	1.76	1.76	1.758

Per Share

Metric	Q3'21	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	Current
EPS (Diluted TTM)	$0.01	$0.02	$0.05	$0.07	$0.07	$0.09	$0.08	$0.08	$0.11	$0.13	$0.15	$0.17	$0.20	$0.16	$0.09	$0.02	$-0.03	$-0.09	$-0.06	$-0.06
Book Value/Share	$3.59	$3.43	$3.43	$3.43	$3.41	$3.52	$3.50	$3.46	$3.45	$3.81	$3.80	$3.80	$3.78	$4.03	$4.03	$4.02	$4.03	$4.31	$4.29	$4.26
Tangible Book/Share	$-1.54	$-1.28	$-1.28	$-1.28	$-1.27	$-1.07	$-1.07	$-1.05	$-1.05	$-0.72	$-0.72	$-0.71	$-0.71	$-1.60	$-1.60	$-1.59	$-1.60	$-1.52	$-1.52	$-1.52
Revenue/Share	$0.50	$0.99	$1.49	$2.00	$2.02	$2.04	$2.08	$2.13	$2.20	$2.26	$2.33	$2.40	$2.44	$2.47	$2.50	$2.55	$2.64	$2.74	$2.81	$2.81
FCF/Share	$-0.02	$0.02	$0.07	$0.17	$0.26	$0.28	$0.25	$0.23	$0.28	$0.36	$0.33	$0.37	$0.34	$0.30	$0.38	$0.37	$0.37	$0.39	$0.40	$0.40
OCF/Share	$0.02	$0.12	$0.20	$0.32	$0.40	$0.39	$0.38	$0.36	$0.41	$0.48	$0.45	$0.48	$0.45	$0.42	$0.50	$0.49	$0.50	$0.50	$0.49	$0.49
Cash/Share	$0.57	$0.37	$0.37	$0.37	$0.37	$0.54	$0.54	$0.53	$0.53	$0.82	$0.82	$0.82	$0.81	$0.45	$0.45	$0.45	$0.45	$0.60	$0.60	$0.63
EBITDA/Share	$0.08	$0.18	$0.28	$0.37	$0.38	$0.40	$0.42	$0.44	$0.48	$0.52	$0.54	$0.58	$0.63	$0.58	$0.52	$0.47	$0.42	$0.45	$0.51	$0.51
Debt/Share	$2.22	$2.12	$2.12	$2.11	$2.11	$2.06	$2.05	$2.02	$2.02	$2.01	$2.00	$2.00	$1.99	$1.96	$1.96	$1.96	$1.96	$2.46	$2.45	$2.45
Net Debt/Share	$1.65	$1.75	$1.75	$1.74	$1.74	$1.52	$1.51	$1.49	$1.49	$1.19	$1.18	$1.18	$1.18	$1.51	$1.51	$1.50	$1.51	$1.86	$1.85	$1.85

Academic Models

Metric	Q3'21	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	Current
Altman Z-Score	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	1.454
Altman Z-Prime	snapshot only																			2.067
Piotroski F-Score	4	4	4	4	5	7	7	7	8	7	8	8	7	6	5	4	4	5	5	5
Beneish M-Score	—	—	—	—	-2.46	-2.64	-2.65	-2.63	-2.65	-2.62	-2.58	-2.59	-2.53	-1.88	-1.96	-2.03	-2.10	-2.82	-2.79	-2.791
Ohlson O-Score	snapshot only																			-7.014
Net-Net WC	snapshot only																			$-2.07
EVA	snapshot only																			$-166415571.53

Credit

Metric	Q3'21	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	Current
Credit Rating	snapshot only																			BB-
Credit Score	48.71	48.30	45.04	48.49	49.10	56.57	60.48	63.39	63.31	65.85	65.64	65.79	68.47	46.56	47.04	42.46	41.45	37.11	37.32	37.318
Credit Grade	snapshot only																			13
Credit Trend	snapshot only																			-9.720
Implied Spread (bps)	snapshot only																			550.000
Industry Credit Rank	snapshot only																			21
Sector Credit Rank	snapshot only																			21

NABL 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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