$21.58

+0.01 (+0.05%)

Weekly Expected Move ±5.6%

$20 $21 $23 $24 $25

NASDAQ · Technology · Software - Infrastructure · Alpha Radar Neutral · Power 52 · $4.5B mcap · 177M float · 2.43% daily turnover · Short 63% 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

61.8 / 100

NoneWeakNarrowWide

Primary source: Switching Costs · ROIC: 48.8% · 5Y Avg: 65.0%

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. RELY has a Narrow competitive edge (61.8/100) — meaningful but not impregnable advantages over competitors. The primary source of advantage is Switching Costs. ROIC of 48.8% 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

$27

Low

$27

Avg Target

$27

High

Based on 1 analyst since May 6, 2026 earnings

Analyst Recommendations

Strong Buy: 0Buy: 12Hold: 1Sell: 0Strong Sell: 0

Rating Summary

ConsensusBuy

Avg Target$23.50

Analysts4

Price Target Change History

Date	Firm	Analyst	Old	New	Change	Upside @ Call	Stock@Call
2026-05-07	Goldman Sachs	Will Nance	$17	$27	+10	+15.1%	$23.45
2026-04-21	Cantor Fitzgerald	—	$20	$24	+4	+14.6%	$20.95
2026-04-21	KeyBanc	Alex Markgraff	Initiated	$23	—	+11.4%	$20.64
2026-02-23	Cantor Fitzgerald	Ramsey El-Assal	$17	$20	+3	+23.7%	$16.16
2026-02-19	Oppenheimer	—	Initiated	$20	—	+17.3%	$17.05
2026-01-26	Cantor Fitzgerald	—	Initiated	$17	—	+18.1%	$14.39
2026-01-06	Goldman Sachs	Will Nance	Initiated	$17	—	+29.7%	$13.11
2025-09-09	Wolfe Research	Darrin Peller	Initiated	$25	—	+25.4%	$19.93
2024-10-31	BMO Capital	Rufus Hone	$23	$25	+2	+39.0%	$17.98
2024-06-17	BMO Capital	Rufus Hone	$24	$23	-1	+89.0%	$12.17
2024-05-23	BMO Capital	Rufus Hone	$28	$24	-4	+75.6%	$13.67
2024-02-21	BMO Capital	Rufus Hone	Initiated	$28	—	+34.2%	$20.87

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. RELY receives an overall rating of B+. Strongest factors: ROE (4/5), ROA (4/5), D/E (4/5). Areas of concern: P/E (2/5), P/B (2/5).

Rating Change History

Date	From	To
2026-05-06	B	B+
2026-04-01	B-	B
2026-02-19	C+	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.

★ ★ ★ ★ ★ 73 Grade A+

Profitability

Balance Sheet

Earnings Quality

Growth

Value

Momentum

100

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. RELY scores highest in Safety (100/100) and lowest in Value (46/100). An overall grade of A+ places RELY among the highest-quality companies in its peer group.

Risk & Quality Signals

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

Altman Z-Score

5.22

Safe Zone

Piotroski F-Score

8/9

✓ ✓ ✓ ✓ ✓ ✓ ✓ ✗ ✓

Beneish M-Score

-2.73

Unlikely Manipulator

Ohlson O-Score

-9.89

Bankruptcy prob: 0.0%

Low Risk

Credit Rating

Score: 89.2/100

Trend: Improving

Earnings Quality

75/100

OCF/NI: 2.59x

Accruals: -13.6%

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. RELY scores 5.22, 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. RELY scores 8/9, signaling strong financial health across all three dimensions. 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. RELY's score of -2.73 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. RELY'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. RELY receives an estimated rating of AA (score: 89.2/100), with a improving trend. The Earnings Quality score measures how well reported earnings are backed by real cash. It evaluates the operating cash flow to net income ratio (OCF/NI ≥ 1.0 means every dollar of earnings is cash-backed) and the accruals ratio (the gap between earnings and cash flow relative to assets — lower is better). RELY's score of 75/100 is high — cash flows strongly support reported earnings.

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

43.04x

PEG

0.01x

P/S

2.63x

P/B

5.01x

P/FCF

13.48x

P/OCF

12.41x

EV/EBITDA

18.90x

EV/Revenue

1.62x

EV/EBIT

23.76x

EV/FCF

11.07x

Earnings Yield

3.11%

FCF Yield

7.42%

Shareholder Yield

1.52%

Graham Number

$6.62

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. At 43.0x earnings, RELY is priced for high growth expectations. Graham's intrinsic value formula yields $6.62 per share, 226% below the current price.

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

0.971

NI / EBT

Interest Burden

0.926

EBT / EBIT

EBIT Margin

0.068

EBIT / Rev

Asset Turnover

1.397

Rev / Assets

Equity Multiplier

1.611

Assets / Equity

ROE

13.8%

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. RELY's ROE of 13.8% is driven by Asset Turnover (1.397), indicating efficient use of assets to generate revenue. A tax burden ratio of 0.97 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.

Adj. Growth Rate

0.00%

Fair P/E

8.50x

Intrinsic Value

$4.14

Price/Value

3.79x

Margin of Safety

-278.79%

Premium

278.79%

Assessment

Overvalued

Graham's classic formula uses analyst-projected growth to estimate a fair P/E (8.5 + 2g). Our adjusted version replaces that projection with RELY's realized 0.0% 3-year EPS CAGR — what the company actually delivered, not what analysts hope for. RELY trades at a 279% premium to its adjusted intrinsic value of $4.14, suggesting the market is pricing in future growth beyond what historical earnings support. The adjusted fair P/E of 8.5x compares to the current market P/E of 43.0x.

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 1171 days of historical volatility. Percentile bands show the range of statistically plausible outcomes — this is a statistical model, not a forecast.

Current Price

$21.58

Median 1Y

$15.15

5th Pctile

$5.51

95th Pctile

$42.07

Ann. Volatility

59.9%

Analyst Target

$23.50

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
Ankur Sinha Product roduct and Technology Officer	$290,000	$3,798,301	$4,088,601
Pankaj Sharma Business siness Officer	$290,000	$3,631,674	$3,929,149
Vikas Mehta Financial ancial Officer	$290,000	$1,703,051	$2,999,901
Saema Somalya Legal Legal and Corporate Affairs Officer	$290,000	$1,721,461	$2,017,561
Matthew Oppenheimer Chairperson and Chief Executive Officer	$290,000	$—	$296,100

CEO Pay Ratio

2:1

CEO-to-Employee Pay Ratio

CEO Total Comp: $296,100

Avg Employee Cost (SGA/emp): $177,510

Employees: 3,200

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

3,200

+14.3% YoY

Revenue / Employee

$510,983

Rev: $1,635,147,000

Profit / Employee

$21,229

NI: $67,933,000

SGA / Employee

$177,510

Avg labor cost proxy

R&D / Employee

$98,096

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	-7.3%	-6.1%	-11.0%	-19.0%	-33.9%	-23.7%	-24.8%	-20.7%	-21.3%	-23.3%	-21.9%	-20.6%	-13.1%	-6.2%	-0.8%	2.4%	3.5%	8.9%	13.8%	13.77%
ROA	-3.6%	-4.7%	-8.4%	-14.6%	-22.5%	-17.3%	-18.0%	-15.1%	-15.5%	-13.6%	-12.8%	-12.0%	-7.7%	-3.6%	-0.4%	1.4%	2.0%	5.5%	8.5%	8.55%
ROIC	-13.1%	-27.7%	-49.7%	-87.1%	-1.1%	-50.7%	-52.7%	-43.9%	-44.4%	-25.9%	-24.0%	-23.5%	-15.0%	-9.8%	2.1%	4.9%	7.7%	28.3%	48.8%	48.81%
ROCE	-6.7%	-5.9%	-10.6%	-18.2%	-22.4%	-22.9%	-24.0%	-20.1%	-20.6%	-16.4%	-15.1%	-13.6%	-7.7%	-3.9%	1.2%	3.9%	5.3%	7.5%	11.1%	11.09%
Gross Margin	50.9%	48.6%	48.4%	50.6%	48.0%	52.3%	53.9%	56.6%	55.7%	58.8%	59.1%	58.3%	59.2%	60.1%	60.2%	59.0%	58.7%	59.6%	59.3%	59.33%
Operating Margin	-10.4%	-12.2%	-17.0%	-25.0%	-21.0%	-12.0%	-13.8%	-7.8%	-15.3%	-11.7%	-7.4%	-5.1%	0.1%	-1.1%	3.4%	3.6%	2.8%	8.8%	14.4%	14.42%
Net Margin	-10.7%	-12.3%	-17.1%	-24.3%	-19.5%	-10.2%	-13.9%	-8.1%	-14.8%	-13.2%	-7.8%	-3.9%	0.6%	-1.6%	3.1%	1.6%	2.1%	9.3%	10.8%	10.83%
EBITDA Margin	-9.0%	-11.1%	-15.4%	-22.7%	-18.1%	-9.2%	-12.0%	-6.5%	-13.0%	-9.6%	-5.8%	-1.4%	2.7%	0.5%	6.0%	3.9%	6.0%	10.3%	13.4%	13.41%
FCF Margin	-34.5%	-31.6%	-10.8%	-10.4%	-11.7%	-16.9%	-21.3%	-24.0%	-12.0%	-6.5%	-11.7%	-1.7%	7.9%	14.2%	26.3%	22.9%	12.5%	18.1%	14.6%	14.62%
OCF Margin	-33.7%	-30.7%	-9.8%	-9.6%	-11.0%	-16.1%	-20.5%	-23.2%	-11.1%	-5.7%	-10.7%	-0.7%	8.9%	15.4%	28.3%	25.8%	15.0%	19.9%	15.9%	15.88%
ROE 3Y Avg	snapshot only																			-3.14%
ROE 5Y Avg	snapshot only																			-9.04%
ROA 3Y Avg	snapshot only																			-1.29%
ROIC Economic	snapshot only																			12.04%
Cash ROA	snapshot only																			18.79%
Cash ROIC	snapshot only																			1.05%
CROIC	snapshot only																			97.00%
NOPAT Margin	snapshot only																			7.36%
Pretax Margin	snapshot only																			6.30%
R&D / Revenue	snapshot only																			13.91%
SGA / Revenue	snapshot only																			33.79%
SBC / Revenue	snapshot only																			4.71%

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	-460.15	-114.22	-30.70	-14.00	-16.86	-17.22	-24.94	-33.83	-45.05	-30.71	-35.60	-22.58	-41.47	-118.80	-999.35	291.90	168.67	43.79	32.20	43.042
P/S Ratio	49.19	13.15	4.13	2.32	3.14	3.00	4.11	4.22	5.29	3.83	3.90	2.17	2.34	3.48	3.35	2.81	2.29	1.82	1.97	2.628
P/B Ratio	33.82	7.02	3.38	2.66	3.90	4.09	6.18	7.02	9.59	6.84	7.44	4.43	5.19	6.60	6.83	6.18	5.32	3.42	3.91	5.010
P/FCF	-142.39	-41.68	-38.34	-22.31	-26.86	-17.77	-19.33	-17.61	-44.13	-58.70	-33.28	-130.68	29.73	24.42	12.72	12.28	18.30	10.06	13.48	13.477
P/OCF	—	—	—	—	—	—	—	—	—	—	—	—	26.33	22.59	11.82	10.92	15.32	9.15	12.41	12.410
EV/EBITDA	-539.53	-114.87	-26.15	-10.63	-14.44	-15.93	-24.66	-34.99	-48.59	-35.64	-42.90	-28.28	-71.45	-451.24	148.02	77.40	49.27	21.78	18.90	18.904
EV/Revenue	48.37	11.60	3.12	1.60	2.47	2.56	3.71	3.86	4.96	3.64	3.72	2.00	2.18	3.20	3.09	2.57	2.06	1.45	1.62	1.618
EV/EBIT	-481.15	-104.08	-24.00	-9.94	-13.61	-14.97	-22.93	-31.44	-43.02	-31.37	-37.07	-23.78	-49.70	-149.62	490.55	142.56	87.67	29.86	23.76	23.764
EV/FCF	-140.01	-36.77	-28.95	-15.36	-21.17	-15.13	-17.43	-16.09	-41.33	-55.77	-31.75	-120.61	27.78	22.46	11.74	11.23	16.48	8.00	11.07	11.065
Earnings Yield	-0.2%	-0.9%	-3.3%	-7.1%	-5.9%	-5.8%	-4.0%	-3.0%	-2.2%	-3.3%	-2.8%	-4.4%	-2.4%	-0.8%	-0.1%	0.3%	0.6%	2.3%	3.1%	3.11%
FCF Yield	-0.7%	-2.4%	-2.6%	-4.5%	-3.7%	-5.6%	-5.2%	-5.7%	-2.3%	-1.7%	-3.0%	-0.8%	3.4%	4.1%	7.9%	8.1%	5.5%	9.9%	7.4%	7.42%
PEG Ratio	snapshot only																			0.012
Price/Tangible Book	snapshot only																			4.190
EV/OCF	snapshot only																			10.189
EV/Gross Profit	snapshot only																			2.733
Acquirers Multiple	snapshot only																			21.357
Shareholder Yield	snapshot only																			1.52%
Graham Number	snapshot only																			$6.62

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	1.90	4.29	4.29	4.29	4.29	3.20	3.20	3.20	3.20	2.54	2.54	2.54	2.54	2.73	2.73	2.73	2.73	3.30	3.30	3.298
Quick Ratio	1.90	4.29	4.29	4.29	4.29	3.20	3.20	3.20	3.20	2.54	2.54	2.54	2.54	2.73	2.73	2.73	2.73	3.30	3.30	3.298
Debt/Equity	0.49	0.01	0.01	0.01	0.01	0.02	0.02	0.02	0.02	0.27	0.27	0.27	0.27	0.02	0.02	0.02	0.02	0.25	0.25	0.254
Net Debt/Equity	-0.57	-0.83	-0.83	-0.83	-0.83	-0.61	-0.61	-0.61	-0.61	-0.34	-0.34	-0.34	-0.34	-0.53	-0.53	-0.53	-0.53	-0.70	-0.70	-0.701
Debt/Assets	0.24	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.14	0.14	0.14	0.14	0.02	0.02	0.02	0.02	0.15	0.15	0.151
Debt/EBITDA	-8.00	-0.24	-0.13	-0.07	-0.06	-0.09	-0.08	-0.10	-0.10	-1.48	-1.63	-1.87	-3.98	-1.82	0.58	0.34	0.25	2.03	1.49	1.491
Net Debt/EBITDA	9.17	15.32	8.47	4.81	3.88	2.78	2.69	3.31	3.28	1.87	2.06	2.36	5.03	39.28	-12.42	-7.25	-5.44	-5.60	-4.12	-4.120
Interest Coverage	-23.81	-39.72	-49.44	-64.70	-91.79	-85.77	-84.73	-59.77	-52.97	-46.59	-37.10	-31.54	-16.88	-8.33	2.27	5.64	6.03	10.41	13.43	13.430
Equity Multiplier	2.06	1.30	1.30	1.30	1.30	1.45	1.45	1.45	1.45	1.96	1.96	1.96	1.96	1.52	1.52	1.52	1.52	1.68	1.68	1.679
Cash Ratio	snapshot only																			2.077
Debt Service Coverage	snapshot only																			16.883
Cash to Debt	snapshot only																			3.763
FCF to Debt	snapshot only																			1.146
Defensive Interval	snapshot only																			456.9 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	0.33	0.41	0.63	0.88	1.21	0.99	1.09	1.21	1.32	1.09	1.17	1.25	1.36	1.23	1.32	1.43	1.51	1.32	1.40	1.397
Inventory Turnover	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Receivables Turnover	2.39	3.82	5.84	8.18	10.14	5.05	5.58	6.17	6.73	3.31	3.54	3.79	4.12	4.41	4.73	5.10	5.39	6.81	7.19	7.187
Payables Turnover	14.00	106.68	164.64	228.84	111.73	81.69	87.66	93.65	98.38	19.67	20.44	21.69	23.14	20.13	21.46	23.06	24.46	29.79	31.59	31.592
DSO	153	96	63	45	36	72	65	59	54	110	103	96	89	83	77	72	68	54	51	50.8 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	26	3	2	2	3	4	4	4	4	19	18	17	16	18	17	16	15	12	12	11.6 days
Cash Conversion Cycle	127	92	60	43	33	68	61	55	51	92	85	79	73	65	60	56	53	41	39	39.2 days
Fixed Asset Turnover	snapshot only																			23.337
Cash Velocity	snapshot only																			2.083
Capital Intensity	snapshot only																			0.845

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	—	—	—	—	3.9%	1.5%	83.8%	45.2%	45.6%	44.5%	39.9%	35.5%	35.2%	33.9%	34.4%	35.1%	31.3%	29.4%	27.3%	27.27%
Net Income	—	—	—	—	-7.6%	-2.9%	-1.3%	-9.4%	8.1%	-3.4%	7.1%	-4.2%	35.2%	68.6%	95.9%	1.1%	1.3%	2.8%	24.2%	24.24%
EPS	—	—	—	—	-7.3%	-2.7%	-1.1%	-1.7%	15.1%	4.9%	14.3%	3.5%	42.3%	70.0%	96.4%	1.1%	1.3%	2.7%	24.4%	24.38%
FCF	—	—	—	—	-66.6%	-36.5%	-2.6%	-2.3%	-49.5%	44.2%	23.0%	90.6%	1.9%	3.9%	4.0%	19.7%	1.1%	64.3%	-29.3%	-29.31%
EBITDA	—	—	—	—	-8.4%	-3.0%	-1.3%	-6.5%	13.3%	8.1%	19.3%	13.1%	59.5%	90.7%	1.3%	1.6%	2.8%	13.1%	4.2%	4.22%
Op. Income	—	—	—	—	-8.1%	-3.1%	-1.4%	-14.2%	7.5%	5.7%	15.8%	1.1%	37.4%	65.8%	93.5%	1.2%	1.5%	3.0%	19.9%	19.95%
OCF Growth	snapshot only																			-28.66%
Asset Growth	snapshot only																			44.02%
Equity Growth	snapshot only																			30.55%
Debt Growth	snapshot only																			12.52%
Shares Change	snapshot only																			-0.63%

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	—	—	—	—	—	—	—	—	—	—	—	—	1.1%	70.2%	51.2%	38.5%	37.2%	35.8%	33.8%	33.76%
Revenue 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
EPS 3Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
EPS 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Net Income 3Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Net Income 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
EBITDA 3Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
EBITDA 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Gross Profit 3Y	—	—	—	—	—	—	—	—	—	—	—	—	1.2%	80.4%	61.0%	47.3%	46.5%	43.8%	40.2%	40.22%
Gross Profit 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Op. Income 3Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Op. Income 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
FCF 3Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
FCF 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
OCF 3Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
OCF 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Assets 3Y	—	—	—	—	—	—	—	—	—	—	—	—	41.9%	17.4%	17.4%	17.4%	17.4%	28.0%	28.0%	27.98%
Assets 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Equity 3Y	—	—	—	—	—	—	—	—	—	—	—	—	44.2%	11.5%	11.5%	11.5%	11.5%	21.9%	21.9%	21.86%
Book Value 3Y	—	—	—	—	—	—	—	—	—	—	—	—	33.4%	5.2%	1.4%	1.7%	2.5%	12.9%	13.4%	13.45%
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	—	—	—	—	—	—	—	—	0.98	0.99	1.00	1.00	0.98	1.00	1.00	0.99	1.00	1.00	1.00	0.997
Earnings Stability	—	—	—	—	—	—	—	—	0.68	0.78	0.64	0.96	0.19	0.00	0.14	0.51	0.10	0.32	0.55	0.551
Margin Stability	—	—	—	—	—	—	—	—	0.94	0.93	0.92	0.92	0.92	0.91	0.91	0.92	0.91	0.92	0.93	0.933
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	0.00	0.00	0.00	0.00	0.50	0.00	0.50	0.00	1.00	0.50	1.00	0.50	1.00	1.00	1.00	1.000
FCF Positive Streak	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1	1	1	0
Earnings Persistence	—	—	—	—	—	—	—	—	0.97	0.99	0.97	0.98	0.86	0.50	0.50	0.20	0.20	0.20	0.20	0.200
Earnings Smoothness	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
ROE Trend	—	—	—	—	—	—	—	—	-0.06	-0.07	-0.03	0.00	0.10	0.17	0.22	0.22	0.20	0.22	0.23	0.229
Gross Margin Trend	—	—	—	—	—	—	—	—	0.05	0.07	0.07	0.07	0.07	0.06	0.05	0.04	0.03	0.02	0.01	0.006
FCF Margin Trend	—	—	—	—	—	—	—	—	0.11	0.18	0.04	0.16	0.20	0.26	0.43	0.36	0.15	0.14	0.07	0.073
Sustainable Growth Rate	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	2.4%	3.5%	8.9%	13.8%	13.77%
Internal Growth Rate	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	1.4%	2.1%	5.8%	9.3%	9.35%

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	3.15	2.66	0.73	0.58	0.59	0.92	1.24	1.86	0.94	0.45	0.98	0.07	-1.57	-5.26	-84.51	26.74	11.01	4.79	2.59	2.595
FCF/OCF	1.03	1.03	1.10	1.09	1.06	1.05	1.04	1.03	1.08	1.15	1.09	2.46	0.89	0.93	0.93	0.89	0.84	0.91	0.92	0.921
FCF/Net Income	snapshot only																			2.389
OCF/EBITDA	snapshot only																			1.855
CapEx/Revenue	0.9%	0.9%	1.0%	0.8%	0.7%	0.8%	0.8%	0.8%	0.9%	0.9%	1.0%	1.0%	1.0%	1.2%	2.0%	2.9%	2.4%	1.8%	1.3%	1.26%
CapEx/Depreciation	snapshot only																			0.718
Accruals Ratio	0.08	0.08	-0.02	-0.06	-0.09	-0.01	0.04	0.13	-0.01	-0.07	-0.00	-0.11	-0.20	-0.23	-0.38	-0.35	-0.21	-0.21	-0.14	-0.136
Sloan Accruals	snapshot only																			0.257
Cash Flow Adequacy	snapshot only																			12.627
Earnings Quality Score	snapshot only																			0.750

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%	0.00%
FCF Payout Ratio	—	—	—	—	—	—	—	—	—	—	—	—	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.00%
Total Payout Ratio	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	0.0%	56.6%	13.5%	48.9%	48.94%
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%	0.1%	0.0%	0.0%	0.0%	0.0%	0.3%	0.3%	1.5%	1.52%
Net Buyback Yield	-5.2%	-9.2%	-19.1%	-24.2%	-0.1%	0.0%	0.0%	0.0%	0.0%	-0.2%	-0.2%	-0.3%	-0.3%	0.0%	0.0%	-0.1%	0.1%	0.0%	1.1%	1.05%
Total Shareholder Return	-5.2%	-9.2%	-19.1%	-24.2%	-0.1%	0.0%	0.0%	0.0%	0.0%	-0.2%	-0.2%	-0.3%	-0.3%	0.0%	0.0%	-0.1%	0.1%	0.0%	1.1%	1.05%

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)	1.02	1.01	1.01	1.02	1.01	1.01	1.01	1.00	1.00	1.05	1.06	1.11	1.21	1.22	-0.95	0.65	0.69	0.95	0.97	0.971
Interest Burden (EBT/EBIT)	1.04	1.03	1.02	1.02	1.01	1.01	1.01	1.02	1.02	1.02	1.03	1.03	1.06	1.12	0.56	0.82	0.83	0.90	0.93	0.926
EBIT Margin	-0.10	-0.11	-0.13	-0.16	-0.18	-0.17	-0.16	-0.12	-0.12	-0.12	-0.10	-0.08	-0.04	-0.02	0.01	0.02	0.02	0.05	0.07	0.068
Asset Turnover	0.33	0.41	0.63	0.88	1.21	0.99	1.09	1.21	1.32	1.09	1.17	1.25	1.36	1.23	1.32	1.43	1.51	1.32	1.40	1.397
Equity Multiplier	2.06	1.30	1.30	1.30	1.51	1.38	1.38	1.38	1.38	1.72	1.72	1.72	1.72	1.72	1.72	1.72	1.72	1.61	1.61	1.611

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)	$-0.08	$-0.18	$-0.32	$-0.55	$-0.66	$-0.66	$-0.68	$-0.56	$-0.56	$-0.63	$-0.58	$-0.54	$-0.32	$-0.19	$-0.02	$0.06	$0.10	$0.32	$0.49	$0.49
Book Value/Share	$1.09	$2.94	$2.92	$2.88	$2.85	$2.80	$2.74	$2.68	$2.63	$2.84	$2.79	$2.74	$2.58	$3.42	$3.05	$3.04	$3.06	$4.03	$4.00	$4.30
Tangible Book/Share	$1.09	$2.94	$2.92	$2.88	$2.85	$2.80	$2.74	$2.68	$2.63	$2.46	$2.41	$2.37	$2.23	$3.08	$2.75	$2.74	$2.76	$3.77	$3.74	$3.74
Revenue/Share	$0.75	$1.57	$2.39	$3.30	$3.55	$3.81	$4.12	$4.46	$4.77	$5.07	$5.32	$5.59	$5.73	$6.49	$6.21	$6.68	$7.11	$7.59	$7.95	$8.18
FCF/Share	$-0.26	$-0.49	$-0.26	$-0.34	$-0.41	$-0.64	$-0.88	$-1.07	$-0.57	$-0.33	$-0.62	$-0.09	$0.45	$0.92	$1.63	$1.53	$0.89	$1.37	$1.16	$1.20
OCF/Share	$-0.25	$-0.48	$-0.23	$-0.32	$-0.39	$-0.61	$-0.84	$-1.04	$-0.53	$-0.29	$-0.57	$-0.04	$0.51	$1.00	$1.76	$1.72	$1.06	$1.51	$1.26	$1.30
Cash/Share	$1.15	$2.46	$2.45	$2.42	$2.39	$1.75	$1.72	$1.68	$1.65	$1.74	$1.71	$1.67	$1.58	$1.89	$1.69	$1.68	$1.69	$3.85	$3.82	$3.08
EBITDA/Share	$-0.07	$-0.16	$-0.29	$-0.50	$-0.61	$-0.61	$-0.62	$-0.49	$-0.49	$-0.52	$-0.46	$-0.40	$-0.18	$-0.05	$0.13	$0.22	$0.30	$0.50	$0.68	$0.68
Debt/Share	$0.54	$0.04	$0.04	$0.04	$0.04	$0.05	$0.05	$0.05	$0.05	$0.77	$0.75	$0.74	$0.70	$0.08	$0.07	$0.07	$0.07	$1.02	$1.01	$1.01
Net Debt/Share	$-0.61	$-2.43	$-2.42	$-2.39	$-2.36	$-1.70	$-1.66	$-1.63	$-1.60	$-0.97	$-0.95	$-0.93	$-0.88	$-1.81	$-1.61	$-1.61	$-1.62	$-2.82	$-2.80	$-2.80

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	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	5.221
Altman Z-Prime	snapshot only																			9.690
Piotroski F-Score	1	1	2	2	4	4	3	3	5	5	5	5	6	6	6	7	6	7	8	8
Beneish M-Score	—	—	—	—	-2.40	-0.98	-0.78	-0.37	-1.02	1.03	1.36	0.97	0.64	-3.83	-4.54	-4.43	-3.78	-3.01	-2.73	-2.733
Ohlson O-Score	snapshot only																			-9.888
ROIC (Greenblatt)	snapshot only																			11.86%
Net-Net WC	snapshot only																			$3.35
EVA	snapshot only																			$100976234.23

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																			AA
Credit Score	55.53	60.91	60.72	62.40	61.68	63.46	61.91	62.54	62.26	61.34	59.84	57.32	67.53	68.70	77.81	86.05	85.48	88.12	89.21	89.213
Credit Grade	snapshot only																			3
Credit Trend	snapshot only																			11.404
Implied Spread (bps)	snapshot only																			80.000
Industry Credit Rank	snapshot only																			82
Sector Credit Rank	snapshot only																			77

RELY 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

Executive Compensation

C-Suite Compensation

CEO Pay Ratio

C-Suite Pay Equality (Gini)

CEO Compensation Mix

Workforce & Productivity

Scaling Efficiency

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