$9.40

-0.13 (-1.36%)

After Hours: $9.44 (+0.04, +0.43%)

Weekly Expected Move ±2.0%

$9 $9 $10 $10 $10

NYSE · Real Estate · REIT - Office · Tech Score Sell · Power 40 · $141.2M mcap · 15M float · 1.00% daily turnover · Short 48% 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.

Revenue Segmentation

By Geography

Revenue by Segment (5-Year Trend)

Income Trends

Revenue

$120M -15.6% ▼

5Y CAGR: -3.7%

Gross Profit

$11M -89.3% ▼

5Y CAGR: -38.1%

Operating Income

$35M +2.7% ▲

Net Income

-$145M -58.8% ▼

EPS (Diluted)

$-9.81 -58.7% ▼

EBITDA

-$95M -279.4% ▼

Profit Margins

Year-over-Year Growth

View Full Income Statement

Line Item	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$148M	$156M	$175M	$142M	$120M
YoY Growth	+47.1%	-26.7%	+12.0%	-18.7%	-15.6%
Cost of Revenue	$30M	$32M	$38M	$44M	$109M
Gross Profit	$118M	$124M	$137M	$99M	$11M
Gross Margin	79.7%	79.5%	78.4%	69.3%	8.8%
R&D Expenses	$0	$0	$0	$0	$0
SG&A Expenses	$10M	$18M	$22M	$8M	$7M
Operating Expenses	$69M	$81M	$97M	$64M	-$25M
Operating Income	$49M	$43M	$40M	$34M	$35M
Operating Margin	33.1%	27.6%	22.9%	24.2%	29.4%
Interest Expense	$32M	$27M	$43M	$68M	$13M
Income Before Tax	$3M	$16M	-$131M	-$94M	-$145M
Tax Expense	$2M	$486K	$425K	-$2M	$158K
Net Income	$1M	$16M	-$132M	-$91M	-$145M
Net Margin	1.0%	10.1%	-75.3%	-64.3%	-121.1%
EPS (Diluted)	$1.73	$1.11	$-9.00	$-6.18	$-9.81
EBITDA	$93M	$109M	-$7M	$53M	-$95M
Shares Outstanding	14M	14M	15M	15M	15M

Line Item	FY2024 Q3	FY2024 Q4	FY2025 Q1	FY2025 Q2	FY2025 Q3	FY2025 Q4	FY2026 Q1	FY2026 Q2
Revenue	$31M	$28M	$29M	$29M	$30M	$32M	$9M	$6M
Cost of Revenue	$11M	$11M	$10M	$10M	$8M	$82M	$7M	$1M
Gross Profit	$21M	$17M	$19M	$19M	$22M	-$50M	$2M	$5M
Gross Margin	65.3%	60.1%	66.3%	65.8%	73.2%	-156.3%	25.2%	82.9%
R&D Expenses	$0	$0	$0	$0	$0	$0	$0	$0
SG&A Expenses	$2M	$2M	$2M	$2M	$2M	$2M	$2M	$2M
Operating Expenses	$14M	$13M	$12M	$12M	$11M	-$59M	-$679K	$5M
Operating Income	$6M	$4M	$8M	$7M	$11M	$9M	$3M	$636K
Operating Margin	20.2%	12.8%	26.8%	25.2%	37.5%	28.1%	32.4%	10.0%
Interest Expense	$12M	$8M	$6M	$4M	$2M	$926K	$386K	-$390K
Income Before Tax	-$40M	-$39M	$595K	-$81M	-$64M	-$71K	$25M	-$6M
Tax Expense	$485K	-$3M	$82K	$100K	$30K	-$54K	$17K	$23K
Net Income	-$40M	-$36M	$492K	-$82M	-$64M	-$53K	$25M	-$6M
Net Margin	-128.0%	-129.0%	1.7%	-279.5%	-215.4%	-0.2%	267.2%	-97.4%
EPS (Diluted)	$-2.73	$-2.42	$0.03	$-5.50	$-4.33	$-0.00	$1.69	$-0.42
EBITDA	-$11M	-$18M	$16M	$19M	-$53M	$7M	$28M	-$3M
Shares Outstanding	15M	15M	15M	15M	15M	15M	15M	15M

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