Also trades as: REAX.TO (TSX) · $vol 0M

$15.30

+0.17 (+1.12%)

After Hours: $15.55 (+0.25, +1.63%)

Weekly Expected Move ±14.1%

$11 $14 $16 $18 $20

NASDAQ · Real Estate · Real Estate - Services · Tech Score Sell · Power 35 · $329.7M mcap · 15M float · 4.59% daily turnover · Short 52% of daily vol

Credit Risk of going bust: not rated Debt: 0.0% of company value Bonds: none of note held by US funds details ▾

Not rated: no debt. Altman Z'' 0.06.
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

44.9 / 100

NoneWeakNarrowWide

Primary source: Cost Advantage · ROIC: 35.2%

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. REAX shows a Weak competitive edge (44.9/100) — limited structural advantages that may face competitive pressure. The primary source of advantage is Cost Advantage. ROIC of 35.2% confirms the company is generating returns well above its cost of capital — a hallmark of durable competitive advantages.

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

$35

Low

$47

Avg Target

$65

High

Based on 3 analysts since Aug 6, 2026 earnings

Analyst Recommendations

Strong Buy: 0Buy: 5Hold: 2Sell: 0Strong Sell: 0

Rating Summary

ConsensusBuy

Avg Target$46.67

Analysts3

Price Target Change History

Date	Firm	Analyst	Old	New	Change	Upside @ Call	Stock@Call
2026-10-14	Compass Point	—	Initiated	$40	—	+184.9%	$14.04
2026-09-09	B.Riley Financial	Naved Khan	Initiated	$65	—	+214.1%	$20.70
2026-08-27	BTIG	Jake Fuller	$4	$35	+31	+47.6%	$23.71
2026-04-15	BTIG	Jake Fuller	Initiated	$4	—	+65.4%	$2.57

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 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. REAX receives an overall rating of C-. Areas of concern: ROE (1/5), ROA (1/5), D/E (1/5), P/E (1/5), P/B (1/5).

Rating Change History

Date	From	To
2026-08-17	C	C-
2026-05-11	C-	C
2026-05-08	C	C-
2026-04-30	C-	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.

★ ★ ★ ★ ★ 47 Grade D

Profitability

Balance Sheet

Earnings Quality

Growth

Value

Momentum

Safety

100

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. REAX scores highest in Safety (100/100) and lowest in Profitability (3/100). 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

9.97

Safe Zone

Piotroski F-Score

5/9

✗ ✓ ✗ ✓ ✗ ✓ ✓ ✗ ✓

Beneish M-Score

-4.25

Unlikely Manipulator

Ohlson O-Score

-6.36

Bankruptcy prob: 0.2%

Low Risk

Credit Rating

A-

Score: 65.7/100

Trend: Stable

Earnings Quality

—

OCF/NI: -5.59x

Accruals: -58.4%

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. REAX scores 9.97, placing it in the Safe Zone (safe > 2.99, distress < 1.81). Bankruptcy is statistically unlikely within the next two years. 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. REAX 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. REAX's score of -4.25 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. REAX's implied 0.2% 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. REAX receives an estimated rating of A- (score: 65.7/100), with a stable 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

-22.94x

PEG

0.15x

P/S

0.15x

P/B

4.45x

P/FCF

0.47x

P/OCF

0.47x

EV/EBITDA

3.47x

EV/Revenue

-0.02x

EV/EBIT

2.95x

EV/FCF

-0.50x

Earnings Yield

-38.40%

FCF Yield

212.44%

Shareholder Yield

57.81%

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. REAX 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

0.999

NI / EBT

Interest Burden

1.062

EBT / EBIT

EBIT Margin

-0.007

EBIT / Rev

Asset Turnover

12.346

Rev / Assets

Equity Multiplier

2.838

Assets / Equity

ROE

-25.2%

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. REAX's ROE of -25.2% is driven by Asset Turnover (12.346), indicating efficient use of assets to generate revenue. 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 1457 days of historical volatility. Percentile bands show the range of statistically plausible outcomes — this is a statistical model, not a forecast.

Current Price

$15.29

Median 1Y

$12.75

5th Pctile

$1.76

95th Pctile

$92.66

Ann. Volatility

117.6%

Analyst Target

$46.67

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

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	Q2'26	Current
ROE	-21.1%	-45.7%	-87.2%	-56.6%	-71.0%	-84.4%	-1.1%	-1.2%	-1.2%	-93.2%	-1.6%	-1.3%	-1.2%	-76.9%	-53.0%	-31.8%	-25.3%	-19.3%	-13.3%	-25.2%	-25.17%
ROA	-17.3%	-30.9%	-33.0%	-26.8%	-38.9%	-49.5%	-45.6%	-37.6%	-38.2%	-50.8%	-53.3%	-35.8%	-37.3%	-35.1%	-16.7%	-9.8%	-8.5%	-7.6%	-5.1%	-8.9%	-8.87%
ROIC	96.1%	1.2%	66.7%	53.3%	68.3%	-4.4%	-22.8%	2.6%	2.0%	-2.6%	3.0%	8.2%	10.9%	29.3%	4.6%	1.8%	21.5%	27.3%	14.9%	35.2%	35.22%
ROCE	-18.8%	-39.8%	-39.8%	-49.4%	-73.2%	-84.1%	-1.1%	-98.6%	-85.4%	-71.2%	-1.4%	-1.1%	-1.0%	-79.9%	-45.8%	-24.8%	-18.5%	-16.2%	-9.9%	-19.3%	-19.31%
Gross Margin	8.6%	8.1%	9.5%	8.3%	7.7%	8.6%	10.0%	9.6%	8.7%	8.4%	10.3%	9.3%	8.6%	8.6%	9.6%	8.9%	7.9%	7.7%	9.1%	8.3%	8.32%
Operating Margin	-2.6%	-6.9%	-6.6%	-3.5%	-4.0%	-7.2%	-6.5%	-2.0%	-1.8%	-6.2%	-7.8%	-0.2%	-0.7%	-1.8%	-1.5%	0.3%	-0.1%	-0.9%	-0.7%	0.6%	0.65%
Net Margin	-2.9%	-8.3%	-6.7%	-3.6%	-5.4%	-6.8%	-6.9%	-2.2%	-1.9%	-6.6%	-8.0%	-0.4%	-0.7%	-1.9%	-1.4%	0.3%	-0.1%	-0.8%	-0.7%	-1.1%	-1.15%
EBITDA Margin	-2.5%	-6.8%	-6.3%	-3.4%	-3.8%	-6.9%	-6.3%	-1.9%	-1.7%	-6.4%	-7.8%	-0.2%	-0.5%	-1.7%	-1.4%	0.4%	0.1%	-0.9%	-0.6%	-0.9%	-0.90%
FCF Margin	3.1%	3.1%	8.7%	5.9%	3.0%	1.2%	0.4%	4.9%	3.4%	2.6%	3.9%	3.3%	4.2%	4.5%	3.6%	4.2%	4.4%	3.8%	4.0%	4.0%	3.98%
OCF Margin	3.2%	3.2%	9.0%	6.2%	3.4%	1.6%	0.7%	5.1%	3.5%	2.7%	4.0%	2.5%	3.5%	3.9%	3.0%	4.2%	4.4%	3.9%	4.0%	4.0%	4.01%
ROE 3Y Avg	snapshot only																				-51.73%
ROE 5Y Avg	snapshot only																				-68.21%
ROA 3Y Avg	snapshot only																				-15.42%
ROIC Economic	snapshot only																				-8.27%
Cash ROA	snapshot only																				42.13%
NOPAT Margin	snapshot only																				-0.13%
Pretax Margin	snapshot only																				-0.72%
R&D / Revenue	snapshot only																				0.89%
SGA / Revenue	snapshot only																				7.39%
SBC / Revenue	snapshot only																				3.41%

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	Q2'26	Current
P/E Ratio	-37.83	-57.47	-31.67	-20.08	-14.05	-9.04	-9.00	-14.27	-11.86	-10.55	-15.92	-23.05	-34.26	-34.89	-53.84	-82.98	-86.81	-99.67	-8.53	-2.60	-22.938
P/S Ratio	4.33	5.83	2.28	1.03	0.77	0.49	0.51	0.69	0.43	0.42	0.74	0.82	1.00	0.73	0.59	0.65	0.50	0.41	0.03	0.02	0.148
P/B Ratio	7.98	26.27	16.65	14.83	19.60	8.46	10.69	15.99	10.62	7.87	22.64	25.11	36.63	28.81	25.34	21.40	17.07	15.63	0.85	0.53	4.451
P/FCF	141.12	190.04	26.35	17.55	25.24	40.86	113.34	14.12	12.85	15.97	18.95	24.50	23.58	16.36	16.31	15.65	11.54	10.73	0.68	0.47	0.471
P/OCF	137.04	181.67	25.44	16.74	22.92	31.26	70.20	13.54	12.29	15.44	18.60	32.84	28.35	19.00	19.21	15.42	11.40	10.58	0.67	0.47	0.466
EV/EBITDA	-35.62	-62.47	-32.61	-19.38	-14.79	-9.08	-9.17	-14.95	-11.13	-10.25	-15.76	-23.30	-35.59	-36.79	-59.05	-93.77	-100.30	-113.48	10.03	3.47	3.467
EV/Revenue	3.70	5.55	2.07	0.89	0.67	0.44	0.46	0.63	0.38	0.38	0.69	0.78	0.97	0.71	0.56	0.62	0.45	0.37	-0.02	-0.02	-0.020
EV/EBIT	-35.01	-61.26	-32.10	-18.96	-14.37	-8.85	-8.87	-14.35	-10.65	-9.82	-15.23	-22.42	-34.08	-34.79	-53.31	-82.14	-82.97	-87.34	6.75	2.95	2.946
EV/FCF	120.60	180.79	23.87	15.17	22.15	36.80	103.14	12.96	11.23	14.37	17.81	23.43	22.89	15.78	15.61	14.83	10.38	9.72	-0.53	-0.50	-0.502
Earnings Yield	-2.6%	-1.7%	-3.2%	-5.0%	-7.1%	-11.1%	-11.1%	-7.0%	-8.4%	-9.5%	-6.3%	-4.3%	-2.9%	-2.9%	-1.9%	-1.2%	-1.2%	-1.0%	-11.7%	-38.4%	-38.40%
FCF Yield	0.7%	0.5%	3.8%	5.7%	4.0%	2.4%	0.9%	7.1%	7.8%	6.3%	5.3%	4.1%	4.2%	6.1%	6.1%	6.4%	8.7%	9.3%	1.5%	2.1%	2.12%
PEG Ratio	snapshot only																				0.152
Price/Tangible Book	snapshot only																				0.633
EV/OCF	snapshot only																				-0.498
EV/Gross Profit	snapshot only																				-0.243
Shareholder Yield	snapshot only																				57.81%

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	Q2'26	Current
Current Ratio	6.47	3.14	1.59	1.41	1.30	1.34	1.18	1.14	1.24	1.86	1.20	1.21	1.22	1.34	1.23	1.29	1.36	1.41	1.50	1.44	1.440
Quick Ratio	6.47	3.14	1.58	1.41	1.30	1.34	1.18	1.14	1.24	1.86	1.20	1.21	1.22	1.34	1.23	1.29	1.36	1.41	1.50	1.44	1.440
Debt/Equity	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	0.000
Net Debt/Equity	-1.16	-1.28	-1.57	-2.02	-2.40	-0.84	-0.96	-1.31	-1.34	-0.78	-1.35	-1.10	-1.07	-1.02	-1.08	-1.11	-1.71	-1.48	-1.52	-1.10	-1.101
Debt/Assets	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	0.000
Debt/EBITDA	-0.02	-0.01	-0.01	-0.01	-0.00	-0.01	-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	-0.000
Net Debt/EBITDA	6.06	3.19	3.39	3.05	2.07	1.00	0.91	1.33	1.61	1.14	1.00	1.07	1.07	1.35	2.62	5.15	11.17	11.83	22.83	6.72	6.716
Interest Coverage	-96.46	-25.62	-14.17	-12.49	-14.80	-22.99	-28.73	-27.06	-28.06	-39.93	-74.25	-85.25	-56.03	-26.33	-16.82	-12.04	-11.72	-15.26	-10.72	-16.20	-16.202
Equity Multiplier	1.22	1.48	2.22	2.86	3.59	1.98	2.58	3.52	2.77	1.75	3.28	3.60	3.44	2.69	3.07	3.04	2.71	2.45	2.39	2.71	2.712
Cash Ratio	snapshot only																				0.643
Debt Service Coverage	snapshot only																				-13.768
Defensive Interval	snapshot only																				256.4 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	Q2'26	Current
Asset Turnover	1.51	3.04	4.59	5.22	7.11	9.12	8.13	7.83	10.46	12.73	11.52	10.09	12.84	16.73	15.41	12.46	14.65	18.44	16.16	12.35	12.346
Inventory Turnover	1366.30	2352.91	3368.13	10242.51	13118.26	14885.36	16640.68	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Receivables Turnover	258.92	479.06	322.86	1172.75	635.38	423.94	489.09	462.75	363.60	172.55	143.05	91.21	110.40	122.33	107.73	71.19	80.32	114.43	99.11	72.67	72.673
Payables Turnover	10.78	2047.91	29.66	31.32	30.76	1325.02	92.85	68.66	74.39	1199.20	969.97	726.91	1115.01	1182.76	1277.52	1204.69	1499.11	1422.27	2051.75	1869.50	1869.497
DSO	1	1	1	0	1	1	1	1	1	2	3	4	3	3	3	5	5	3	4	5	5.0 days
DIO	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0.0 days
DPO	34	0	12	12	12	0	4	5	5	0	0	1	0	0	0	0	0	0	0	0	0.2 days
Cash Conversion Cycle	-32	1	-11	-11	-11	1	-3	-5	-4	2	2	3	3	3	3	5	4	3	4	5	4.8 days
Fixed Asset Turnover	snapshot only																				951.897
Cash Velocity	snapshot only																				25.852
Capital Intensity	snapshot only																				0.095

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	Q2'26	Current
Revenue	—	—	17.7%	7.1%	3.7%	2.1%	1.5%	90.3%	79.7%	80.5%	82.7%	87.2%	81.4%	83.5%	81.3%	72.6%	65.6%	55.7%	46.7%	38.4%	38.44%
Net Income	—	—	-2.2%	-91.7%	-1.3%	-68.0%	-91.7%	-78.2%	-20.0%	-32.6%	-50.8%	-38.4%	-44.3%	3.5%	57.4%	61.9%	66.9%	69.5%	57.4%	-26.9%	-26.88%
EPS	—	—	-85.6%	-19.0%	-1.1%	-80.9%	-87.6%	-76.8%	-19.3%	-30.6%	-45.8%	-31.6%	-32.6%	13.1%	61.5%	69.1%	70.3%	72.2%	-2.9%	-11.9%	-11.86%
FCF	—	—	29.4%	12.2%	3.7%	22.9%	-87.3%	57.5%	99.1%	3.0%	14.9%	28.8%	1.3%	2.1%	67.3%	1.1%	71.4%	33.0%	62.5%	32.4%	32.37%
EBITDA	—	—	-2.0%	-88.3%	-1.1%	-72.1%	-94.6%	-74.5%	-34.1%	-37.0%	-60.3%	-49.3%	-44.8%	4.7%	60.9%	66.2%	72.4%	73.5%	67.5%	-21.2%	-21.25%
Op. Income	—	—	-2.1%	-93.0%	-1.1%	-76.1%	-96.2%	-76.4%	-35.6%	-34.1%	-55.2%	-42.7%	-39.0%	3.0%	57.6%	60.8%	65.5%	66.3%	56.4%	71.4%	71.36%
OCF Growth	snapshot only																				31.72%
Asset Growth	snapshot only																				42.80%
Equity Growth	snapshot only																				59.96%
Shares Change	snapshot only																				-90.13%

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	Q2'26	Current
Revenue 3Y	—	—	—	—	—	—	—	—	—	—	3.4%	2.1%	1.5%	1.2%	1.0%	83.2%	75.4%	72.8%	69.4%	64.7%	64.74%
Revenue 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	2.0%	1.3%	1.33%
EPS 3Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
EPS 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Net Income 3Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Net Income 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
EBITDA 3Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
EBITDA 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Gross Profit 3Y	—	—	—	—	—	—	—	—	—	—	2.9%	1.9%	1.4%	1.2%	1.0%	85.4%	77.9%	73.1%	67.7%	59.6%	59.57%
Gross Profit 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	1.7%	1.2%	1.19%
Op. Income 3Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Op. Income 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
FCF 3Y	—	—	—	—	—	—	—	—	—	—	2.9%	2.0%	1.8%	1.5%	50.1%	63.3%	97.9%	1.5%	2.5%	54.1%	54.12%
FCF 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	1.8%	1.4%	1.38%
OCF 3Y	—	—	—	—	—	—	—	—	—	—	2.9%	1.7%	1.6%	1.3%	40.5%	61.5%	92.4%	1.3%	2.0%	52.5%	52.49%
OCF 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	1.8%	1.4%	1.37%
Assets 3Y	—	—	—	—	—	—	—	—	—	—	54.1%	31.4%	29.5%	29.4%	23.8%	41.9%	45.3%	42.6%	44.3%	41.3%	41.30%
Assets 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	47.0%	34.5%	34.46%
Equity 3Y	—	—	—	—	—	—	—	—	—	—	73.1%	1.3%	-8.3%	6.0%	11.2%	39.1%	59.6%	32.6%	48.1%	54.2%	54.17%
Book Value 3Y	—	—	—	—	—	—	—	—	—	—	42.0%	-15.3%	-13.4%	4.4%	5.5%	27.2%	49.4%	23.5%	2.0%	2.1%	2.06%
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	Q2'26	Current
Revenue Stability	—	—	—	—	—	—	0.99	1.00	1.00	1.00	0.97	0.97	0.97	0.96	0.96	0.95	0.96	0.97	0.93	0.94	0.944
Earnings Stability	—	—	—	—	—	—	0.99	0.98	0.93	1.00	0.99	0.99	0.97	0.84	0.36	0.22	0.09	0.00	0.02	0.09	0.088
Margin Stability	—	—	—	—	—	—	0.75	0.85	0.92	0.95	0.78	0.87	0.93	0.96	0.97	0.97	0.95	0.96	0.79	0.88	0.875
Rev. Growth Consistency	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	1.00	1.00	1.00	1.000
Earn. Growth Consistency	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	0.50	0.50	0.50	0.50	1.00	1.00	0.00	0.000
FCF Positive Streak	0	0	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Earnings Persistence	—	—	—	—	—	—	0.50	0.50	0.92	0.87	0.50	0.85	0.82	0.99	0.50	0.50	0.50	0.50	0.50	0.89	0.892
Earnings Smoothness	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
ROE Trend	—	—	—	—	—	—	-0.52	-0.63	-0.09	-0.05	-0.57	-0.16	0.08	0.02	0.83	0.85	0.79	0.63	0.85	0.47	0.469
Gross Margin Trend	—	—	—	—	—	—	-0.03	-0.01	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-0.00	-0.01	-0.01	-0.01	-0.01	-0.008
FCF Margin Trend	—	—	—	—	—	—	-0.07	0.00	0.00	0.01	-0.01	-0.02	0.01	0.03	0.01	0.00	0.01	0.00	0.00	0.00	0.002
Sustainable Growth Rate	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Internal Growth Rate	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

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	Q2'26	Current
OCF/Net Income	-0.28	-0.32	-1.24	-1.20	-0.61	-0.29	-0.13	-1.05	-0.97	-0.68	-0.86	-0.70	-1.21	-1.84	-2.80	-5.38	-7.61	-9.42	-12.76	-5.59	-5.586
FCF/OCF	0.97	0.96	0.97	0.95	0.91	0.77	0.62	0.96	0.96	0.97	0.98	1.34	1.20	1.16	1.18	0.99	0.99	0.99	0.99	0.99	0.990
FCF/Net Income	snapshot only																				-5.532
CapEx/Revenue	0.1%	0.1%	0.3%	0.3%	0.3%	0.4%	0.3%	0.2%	0.2%	0.1%	0.1%	0.1%	0.1%	0.1%	0.1%	0.1%	0.1%	0.1%	0.0%	0.0%	0.04%
CapEx/Depreciation	snapshot only																				0.380
Accruals Ratio	-0.22	-0.41	-0.74	-0.59	-0.63	-0.64	-0.51	-0.77	-0.75	-0.85	-0.99	-0.61	-0.82	-1.00	-0.64	-0.62	-0.73	-0.79	-0.70	-0.58	-0.584
Sloan Accruals	snapshot only																				0.154
Cash Flow Adequacy	snapshot only																				103.652

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	Q2'26	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	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
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%	0.0%	0.0%	0.00%
Total Payout Ratio	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Div. Increase Streak	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Chowder Number	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Buyback Yield	1.2%	1.8%	4.3%	6.4%	6.1%	4.3%	1.9%	1.1%	1.1%	1.0%	1.2%	2.2%	2.9%	3.9%	4.6%	2.8%	2.6%	4.1%	48.2%	57.8%	57.81%
Net Buyback Yield	1.2%	1.8%	4.3%	6.4%	6.1%	4.3%	1.9%	1.1%	1.1%	1.0%	1.2%	2.2%	2.9%	3.9%	4.6%	2.8%	2.4%	3.9%	45.6%	54.5%	54.46%
Total Shareholder Return	1.2%	1.8%	4.3%	6.4%	6.1%	4.3%	1.9%	1.1%	1.1%	1.0%	1.2%	2.2%	2.9%	3.9%	4.6%	2.8%	2.4%	3.9%	45.6%	54.5%	54.46%

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	Q2'26	Current
Tax Burden (NI/EBT)	1.04	1.06	1.03	1.01	1.06	1.02	1.03	1.04	1.00	1.01	1.00	1.00	1.00	1.00	1.00	0.99	1.01	0.92	0.92	1.00	0.999
Interest Burden (EBT/EBIT)	1.04	1.06	1.08	1.08	1.10	1.07	1.05	1.06	1.02	1.02	1.01	1.01	1.02	1.03	1.04	1.06	1.05	1.05	1.09	1.06	1.062
EBIT Margin	-0.11	-0.09	-0.06	-0.05	-0.05	-0.05	-0.05	-0.04	-0.04	-0.04	-0.05	-0.03	-0.03	-0.02	-0.01	-0.01	-0.01	-0.00	-0.00	-0.01	-0.007
Asset Turnover	1.51	3.04	4.59	5.22	7.11	9.12	8.13	7.83	10.46	12.73	11.52	10.09	12.84	16.73	15.41	12.46	14.65	18.44	16.16	12.35	12.346
Equity Multiplier	1.22	1.48	2.64	2.12	1.82	1.70	2.39	3.22	3.05	1.83	2.97	3.57	3.13	2.19	3.16	3.26	2.97	2.55	2.61	2.84	2.838

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	Q2'26	Current
EPS (Diluted TTM)	$-0.05	$-0.06	$-0.07	$-0.08	$-0.10	$-0.12	$-0.13	$-0.13	$-0.12	$-0.15	$-0.20	$-0.18	$-0.16	$-0.13	$-0.08	$-0.05	$-0.05	$-0.04	$-0.29	$-0.70	$-0.70
Book Value/Share	$0.23	$0.14	$0.14	$0.10	$0.07	$0.12	$0.11	$0.12	$0.14	$0.20	$0.14	$0.16	$0.15	$0.16	$0.16	$0.21	$0.24	$0.23	$2.94	$3.42	$3.41
Tangible Book/Share	$0.23	$0.13	$0.06	$0.03	$0.00	$0.05	$0.04	$0.04	$0.06	$0.13	$0.07	$0.10	$0.09	$0.10	$0.10	$0.16	$0.18	$0.17	$2.36	$2.88	$2.88
Revenue/Share	$0.43	$0.63	$1.00	$1.48	$1.87	$2.14	$2.40	$2.79	$3.34	$3.80	$4.23	$4.96	$5.57	$6.28	$6.94	$6.93	$8.28	$8.89	$92.99	$97.27	$97.27
FCF/Share	$0.01	$0.02	$0.09	$0.09	$0.06	$0.03	$0.01	$0.14	$0.11	$0.10	$0.16	$0.17	$0.24	$0.28	$0.25	$0.29	$0.36	$0.34	$3.70	$3.87	$3.87
OCF/Share	$0.01	$0.02	$0.09	$0.09	$0.06	$0.03	$0.02	$0.14	$0.12	$0.10	$0.17	$0.12	$0.20	$0.24	$0.21	$0.29	$0.37	$0.34	$3.74	$3.90	$3.90
Cash/Share	$0.27	$0.18	$0.21	$0.21	$0.18	$0.10	$0.11	$0.16	$0.18	$0.16	$0.19	$0.18	$0.16	$0.16	$0.17	$0.23	$0.42	$0.34	$4.46	$3.76	$3.76
EBITDA/Share	$-0.04	$-0.06	$-0.06	$-0.07	$-0.09	$-0.10	$-0.12	$-0.12	$-0.11	$-0.14	$-0.19	$-0.17	$-0.15	$-0.12	$-0.07	$-0.05	$-0.04	$-0.03	$-0.20	$-0.56	$-0.56
Debt/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
Net Debt/Share	$-0.27	$-0.18	$-0.21	$-0.21	$-0.18	$-0.10	$-0.11	$-0.16	$-0.18	$-0.16	$-0.19	$-0.18	$-0.16	$-0.16	$-0.17	$-0.23	$-0.42	$-0.34	$-4.46	$-3.76	$-3.76

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	Q2'26	Current
Altman Z-Score	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	9.966
Altman Z-Prime	snapshot only																				-0.228
Piotroski F-Score	3	3	4	4	4	6	5	5	6	5	6	4	3	5	5	5	5	5	6	5	5
Beneish M-Score	—	—	1.30	1.79	0.60	1.87	-3.39	-2.36	-4.16	-4.04	-3.21	-0.33	-2.47	-5.57	-4.42	-4.41	-4.61	-4.72	-4.30	-4.25	-4.254
Ohlson O-Score	snapshot only																				-6.356
ROIC (Greenblatt)	snapshot only																				-24.63%
Net-Net WC	snapshot only																				$2.57

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	Q2'26	Current
Credit Rating	snapshot only																				A-
Credit Score	74.74	73.65	74.77	74.39	75.12	74.74	75.62	64.96	66.66	68.22	66.91	66.15	67.11	65.92	66.79	65.77	67.63	65.90	67.46	65.66	65.657
Credit Grade	snapshot only																				7
Credit Trend	snapshot only																				-0.109
Implied Spread (bps)	snapshot only																				175.000
Industry Credit Rank	snapshot only																				63
Sector Credit Rank	snapshot only																				79

REAX NASDAQ

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

Sign in to InsiderStreet