$6.55

-0.07 (-1.06%)

Weekly Expected Move ±2.3%

$6 $6 $7 $7 $7

NASDAQ · Financial Services · Financial - Credit Services · Tech Score Neutral · Power 42 · $278.1M mcap · 42M float · 1.28% daily turnover · Short 47% of daily vol

Overview News Chart Smart Money Financials Income Statement Cash Flow Balance Sheet Earnings

Dividends Analysis Technicals Weather Peers ESG Institutions ETF Exposure Dark Pool Short Interest

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

32.0 / 100

NoneWeakNarrowWide

Primary source: Intangible Assets · ROIC: 2.6% · 5Y Avg: 3.8%

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. RWAY has No discernible competitive edge (32.0/100). The business operates without significant structural advantages. The primary source of advantage is Intangible Assets. ROIC of 2.6% suggests modest returns relative to capital deployed.

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

$10

Avg Target

$10

High

Based on 4 analyst ratings (12 mo)

Analyst Recommendations

Strong Buy: 0Buy: 3Hold: 5Sell: 1Strong Sell: 0

Rating Summary

ConsensusHold

Avg Target$9.75

Analysts4

Price Target Change History

Date	Firm	Analyst	Old	New	Change	Upside @ Call	Stock@Call
2026-05-14	Wells Fargo	Finian O'Shea	$10	$6	-3	-0.3%	$6.52
2026-03-13	Morgan Stanley	—	Initiated	$10	—	+50.8%	$6.63
2026-03-13	Loop Capital Markets	Erik Zwick	Initiated	$10	—	+50.8%	$6.63
2025-10-14	UBS	—	$14	$12	-2	+30.7%	$9.56
2025-05-28	Wells Fargo	Finian O'Shea	$11	$10	-2	-3.5%	$9.84
2024-08-15	Compass Point	Casey Alexander	Initiated	$12	—	+10.7%	$10.62
2024-08-12	Wells Fargo	Finian O'Shea	Initiated	$11	—	+4.9%	$10.49
2024-07-18	UBS	Doug Harter	Initiated	$14	—	+22.3%	$11.86
2024-05-20	B.Riley Financial	Bryce Rowe	Initiated	$12	—	+6.7%	$11.72

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. RWAY receives an overall rating of C+. Strongest factors: ROA (4/5), P/B (4/5). Areas of concern: DCF (1/5), ROE (2/5), D/E (1/5), P/E (1/5).

Rating Change History

Date	From	To
2026-08-28	C	C+
2026-08-14	C+	C
2026-08-10	C-	C+
2026-08-07	C	C-
2026-05-11	B	C
2026-05-04	B+	B
2026-04-27	B	B+
2026-04-24	B+	B
2026-04-21	B	B+
2026-03-16	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.

★ ★ ★ ★ ★ — Grade A+

Profitability

—

Balance Sheet

Earnings Quality

Growth

Value

Momentum

Safety

100

Cash Flow

Risk & Quality Signals

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

Altman-B Score

4.15

Safe Zone

Piotroski F-Score

1/9

✓ ✗ ✗ ✗ ✗ ✗ ✗ ✗ ✗

Beneish M-Score

—

Ohlson O-Score

-5.43

Bankruptcy prob: 0.4%

Low Risk

Credit Rating

BBB-

Score: 52.1/100

Trend: Deteriorating

Earnings Quality

25/100

OCF/NI: -19.23x

Accruals: 13.9%

The Altman-B Score replaces the traditional Z-Score for banks and financial institutions. It weights equity-to-assets, return on assets, retained earnings, market value coverage, and cash reserves — metrics that better capture bank solvency than manufacturing-oriented ratios. RWAY scores 4.15, placing it in the Safe Zone (safe > 3.0, distress < 1.5). 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. RWAY scores 1/9, suggesting weak financial fundamentals — the company fails the majority of these accounting tests. 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. RWAY's implied 0.4% 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. RWAY receives an estimated rating of BBB- (score: 52.1/100), with a deteriorating 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). RWAY's score of 25/100 is low — reported earnings may not be fully supported by cash flows.

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

59.55x

PEG

-0.53x

P/S

4.45x

P/B

0.55x

P/FCF

-1.58x

P/OCF

—

EV/EBITDA

29.41x

EV/Revenue

14.70x

EV/EBIT

29.41x

EV/FCF

-6.16x

Earnings Yield

3.29%

FCF Yield

-63.24%

Shareholder Yield

24.01%

Graham Number

$7.04

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 59.5x earnings, RWAY is priced for high growth expectations. Graham's intrinsic value formula yields $7.04 per share, suggesting a potential 8% margin of safety at 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

1.000

NI / EBT

Interest Burden

0.248

EBT / EBIT

EBIT Margin

0.500

EBIT / Rev

Asset Turnover

0.055

Rev / Assets

Equity Multiplier

2.260

Assets / Equity

ROE

1.6%

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. RWAY's ROE of 1.6% is driven by a balanced combination of operating margin, asset efficiency, and leverage. 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

$1.57

Price/Value

3.58x

Margin of Safety

-257.76%

Premium

257.76%

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 RWAY's realized 0.0% 3-year EPS CAGR, capped at 15% — demonstrated performance rather than forecasts, held to a rate companies have historically sustained. RWAY trades at a 258% premium to its adjusted intrinsic value of $1.57, 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 59.5x.

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 1242 days of historical volatility. Percentile bands show the range of statistically plausible outcomes — this is a statistical model, not a forecast.

Current Price

$6.55

Median 1Y

$6.07

5th Pctile

$3.83

95th Pctile

$9.62

Ann. Volatility

29.7%

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

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

—

Rev: $140,164,000

Profit / Employee

—

NI: $34,049,000

SGA / Employee

—

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	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	3.2%	3.7%	3.7%	5.8%	5.5%	7.1%	11.2%	11.8%	7.9%	8.1%	5.6%	7.5%	13.9%	12.3%	14.3%	11.0%	6.8%	-0.6%	1.6%	1.55%
ROA	2.6%	2.9%	2.6%	3.6%	3.4%	4.3%	6.6%	6.9%	4.0%	4.0%	2.7%	3.8%	6.8%	6.1%	6.8%	5.4%	3.3%	-0.3%	0.7%	0.69%
ROIC	2.8%	3.0%	2.7%	3.7%	2.9%	3.6%	6.0%	6.8%	4.2%	4.4%	2.9%	3.9%	6.9%	6.5%	7.1%	5.9%	3.7%	0.7%	2.6%	2.64%
ROCE	2.8%	2.9%	2.6%	3.6%	2.8%	3.6%	5.7%	6.6%	4.1%	4.3%	2.8%	3.8%	6.8%	6.3%	7.0%	5.9%	3.5%	0.9%	2.6%	2.61%
Gross Margin	98.8%	84.8%	50.4%	79.6%	73.5%	59.0%	70.5%	65.4%	-12.3%	62.9%	54.8%	73.5%	75.9%	35.2%	67.1%	55.5%	54.5%	77.6%	1.5%	1.47%
Operating Margin	92.4%	49.9%	-25.2%	66.7%	63.9%	48.9%	63.3%	55.4%	-60.1%	48.6%	40.8%	65.9%	68.6%	13.6%	55.0%	38.2%	38.7%	-79.2%	-4.9%	-4.88%
Net Margin	92.4%	49.9%	-25.2%	66.7%	63.9%	48.9%	63.3%	55.4%	-60.1%	48.6%	40.8%	65.9%	68.6%	13.6%	55.0%	38.2%	38.7%	-1.1%	-3.3%	-3.30%
EBITDA Margin	92.4%	49.9%	-25.2%	66.7%	63.9%	48.9%	63.3%	55.4%	-60.1%	48.6%	40.8%	65.9%	68.6%	13.6%	55.0%	38.2%	38.7%	-79.2%	-4.9%	-4.88%
FCF Margin	-3.2%	-3.2%	-2.5%	-3.5%	-1.5%	-1.1%	-3.6%	1.6%	1.2%	2.1%	1.5%	47.2%	95.4%	53.1%	40.3%	39.8%	58.2%	42.3%	-2.4%	-2.39%
OCF Margin	-3.2%	-3.2%	-2.5%	-3.5%	-1.5%	-1.1%	-3.6%	1.6%	1.2%	2.1%	1.5%	47.2%	95.4%	53.1%	40.3%	39.8%	58.2%	42.3%	-2.4%	-2.39%
ROE 3Y Avg	snapshot only																			7.32%
ROE 5Y Avg	snapshot only																			7.38%
ROA 3Y Avg	snapshot only																			3.45%
ROIC 3Y Avg	snapshot only																			4.12%
ROIC Economic	snapshot only																			2.61%
Cash ROA	snapshot only																			-12.21%
Cash ROIC	snapshot only																			-12.59%
CROIC	snapshot only																			-12.59%
NOPAT Margin	snapshot only																			49.99%
Pretax Margin	snapshot only																			12.42%
R&D / Revenue	snapshot only																			0.00%
SGA / Revenue	snapshot only																			8.08%
SBC / Revenue	snapshot only																			0.00%

Valuation

Metric	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	16.70	15.72	13.85	9.10	9.73	8.20	5.58	5.72	8.88	8.81	12.59	8.44	5.03	5.50	5.17	6.48	9.62	-94.24	30.41	59.545
P/S Ratio	15.44	13.10	9.90	6.35	5.65	4.57	3.39	3.35	4.17	4.13	4.79	3.77	2.98	3.08	3.02	3.34	3.89	2.45	3.78	4.450
P/B Ratio	0.53	0.58	0.51	0.52	0.54	0.60	0.63	0.68	0.72	0.74	0.76	0.68	0.72	0.69	0.75	0.73	0.68	0.57	0.47	0.548
P/FCF	-4.87	-4.07	-3.94	-1.81	-3.72	-4.07	-94.11	2.04	3.50	1.96	3.20	7.98	3.13	5.80	7.48	8.40	6.68	5.79	-1.58	-1.581
P/OCF	—	—	—	—	—	—	—	2.04	3.50	1.96	3.20	7.98	3.13	5.80	7.48	8.40	6.68	5.79	—	—
EV/EBITDA	20.57	22.52	24.24	19.11	26.57	22.24	13.48	12.02	20.32	19.37	30.36	21.72	12.46	12.97	12.26	14.41	22.30	87.57	29.41	29.411
EV/Revenue	19.02	18.76	17.33	13.32	15.44	12.39	8.18	7.03	9.53	9.08	11.56	9.69	7.38	7.27	7.15	7.44	9.01	6.79	14.70	14.703
EV/EBIT	20.57	22.52	24.24	19.11	26.57	22.24	13.48	12.02	20.32	19.37	30.36	21.72	12.46	12.97	12.26	14.41	22.30	87.57	29.41	29.411
EV/FCF	-6.00	-5.83	-6.89	-3.80	-10.17	-11.03	-227.26	4.28	8.01	4.31	7.72	20.52	7.74	13.68	17.73	18.69	15.47	16.05	-6.16	-6.157
Earnings Yield	6.0%	6.4%	7.2%	11.0%	10.3%	12.2%	17.9%	17.5%	11.3%	11.4%	7.9%	11.8%	19.9%	18.2%	19.3%	15.4%	10.4%	-1.1%	3.3%	3.29%
FCF Yield	-20.5%	-24.5%	-25.4%	-55.2%	-26.9%	-24.6%	-1.1%	49.1%	28.6%	51.0%	31.3%	12.5%	32.0%	17.2%	13.4%	11.9%	15.0%	17.3%	-63.2%	-63.24%
Price/Tangible Book	snapshot only																			0.470
EV/Gross Profit	snapshot only																			27.243
Acquirers Multiple	snapshot only																			29.411
Shareholder Yield	snapshot only																			24.01%
Graham Number	snapshot only																			$7.04

Leverage & Solvency

Metric	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	0.18	8.45	10.39	3.79	2.34	1.50	5.53	2.88	1.66	1.73	2.08	1.05	1.79	1.28	1.81	0.53	—	0.49	1.05	1.051
Quick Ratio	0.18	8.45	10.39	3.79	2.34	1.50	5.53	2.88	1.66	1.73	2.08	1.05	1.79	1.28	1.81	0.53	—	0.49	1.05	1.051
Debt/Equity	0.13	0.26	0.39	0.59	0.95	1.02	0.95	0.77	0.93	0.90	1.08	1.07	1.07	0.98	1.03	0.91	0.93	1.01	1.38	1.381
Net Debt/Equity	0.12	0.25	0.38	0.58	0.94	1.02	0.89	0.75	0.93	0.89	1.07	1.06	1.06	0.94	1.02	0.89	0.89	1.00	1.36	1.359
Debt/Assets	0.11	0.20	0.28	0.36	0.48	0.50	0.48	0.43	0.47	0.46	0.51	0.50	0.51	0.48	0.50	0.46	0.47	0.49	0.57	0.568
Debt/EBITDA	4.12	6.96	10.71	10.18	17.02	14.11	8.48	6.52	11.50	10.72	18.06	13.36	7.50	7.76	7.17	8.08	13.21	56.25	22.20	22.204
Net Debt/EBITDA	3.87	6.80	10.39	10.00	16.84	14.03	7.90	6.30	11.44	10.56	17.77	13.27	7.43	7.47	7.09	7.93	12.68	55.96	21.86	21.857
Interest Coverage	76.81	19.73	6.17	4.69	2.23	1.69	1.92	1.67	1.15	1.15	0.80	1.04	1.71	1.54	1.79	1.44	0.92	0.20	0.75	0.753
Equity Multiplier	1.22	1.28	1.41	1.61	1.98	2.06	1.99	1.81	1.97	1.95	2.13	2.12	2.12	2.05	2.09	1.97	1.98	2.06	2.43	2.432
Cash Ratio	snapshot only																			0.473
Debt Service Coverage	snapshot only																			0.753
Cash to Debt	snapshot only																			0.016
FCF to Debt	snapshot only																			-0.215
Defensive Interval	snapshot only																			3533.3 days

Efficiency & Turnover

Metric	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	0.03	0.03	0.04	0.05	0.06	0.08	0.11	0.12	0.09	0.09	0.07	0.09	0.11	0.11	0.12	0.10	0.08	0.10	0.06	0.055
Inventory Turnover	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Receivables Turnover	8.81	7.35	8.53	7.62	9.97	11.58	18.32	16.07	11.10	11.80	11.50	13.19	15.14	14.53	16.87	15.54	10.71	11.73	5.65	5.655
Payables Turnover	0.01	1.22	2.65	1.98	0.54	4.95	6.80	6.66	5.95	4.64	4.78	4.44	5.28	2.62	5.12	8.67	9.54	2.47	3.22	3.225
DSO	41	50	43	48	37	32	20	23	33	31	32	28	24	25	22	23	34	31	65	64.5 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	65390	300	138	184	680	74	54	55	61	79	76	82	69	139	71	42	38	148	113	113.2 days
Cash Conversion Cycle	-65349	-251	-95	-137	-643	-42	-34	-32	-28	-48	-45	-55	-45	-114	-50	-19	-4	-117	-49	-48.6 days
Cash Velocity	snapshot only																			5.771
Capital Intensity	snapshot only																			19.556

Growth (YoY)

Metric	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	—	—	—	—	1.7%	1.8%	2.6%	1.4%	70.3%	27.6%	-25.0%	-21.2%	31.4%	19.4%	54.7%	16.9%	-32.1%	-10.5%	-49.3%	-49.35%
Net Income	—	—	—	—	67.1%	86.8%	2.0%	1.0%	37.5%	7.3%	-52.9%	-40.0%	66.0%	42.8%	1.4%	35.2%	-53.7%	-1.0%	-89.2%	-89.21%
EPS	—	—	—	—	70.6%	90.7%	2.1%	1.1%	37.6%	7.6%	-51.3%	-36.6%	79.5%	54.5%	1.5%	43.3%	-52.8%	-1.0%	-90.5%	-90.48%
FCF	—	—	—	—	-27.2%	2.4%	94.9%	2.1%	2.3%	3.4%	32.2%	-77.4%	5.4%	-69.9%	-58.4%	-1.4%	-58.6%	-28.8%	-4.0%	-4.00%
EBITDA	—	—	—	—	67.1%	86.8%	2.0%	1.0%	37.5%	7.3%	-52.9%	-40.0%	66.0%	42.8%	1.4%	35.2%	-53.7%	-87.6%	-56.6%	-56.56%
Op. Income	—	—	—	—	67.1%	86.8%	2.0%	1.0%	37.5%	7.3%	-52.9%	-40.0%	66.0%	42.8%	1.4%	35.2%	-53.7%	-87.6%	-56.6%	-56.56%
OCF Growth	snapshot only																			-4.00%
Asset Growth	snapshot only																			17.39%
Equity Growth	snapshot only																			0.74%
Debt Growth	snapshot only																			34.48%
Shares Change	snapshot only																			13.40%
Dividend Growth	snapshot only																			-23.71%

Growth (CAGR)

Metric	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	—	—	—	—	—	—	—	—	—	—	—	—	81.2%	62.0%	60.5%	30.9%	15.0%	10.9%	-16.2%	-16.23%
Revenue 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
EPS 3Y	—	—	—	—	—	—	—	—	—	—	—	—	61.5%	46.9%	55.3%	23.2%	5.3%	—	-51.3%	-51.25%
EPS 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Net Income 3Y	—	—	—	—	—	—	—	—	—	—	—	—	56.2%	42.0%	49.9%	18.4%	1.8%	—	-50.6%	-50.63%
Net Income 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
EBITDA 3Y	—	—	—	—	—	—	—	—	—	—	—	—	56.2%	42.0%	49.9%	18.4%	1.8%	-42.5%	-21.5%	-21.47%
EBITDA 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Gross Profit 3Y	—	—	—	—	—	—	—	—	—	—	—	—	60.9%	43.4%	46.1%	18.4%	4.3%	8.9%	-23.2%	-23.25%
Gross Profit 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Op. Income 3Y	—	—	—	—	—	—	—	—	—	—	—	—	56.2%	42.0%	49.9%	18.4%	1.8%	-42.5%	-21.5%	-21.47%
Op. Income 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
FCF 3Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
FCF 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
OCF 3Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
OCF 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Assets 3Y	—	—	—	—	—	—	—	—	—	—	—	—	13.9%	10.7%	8.4%	1.5%	-5.6%	-8.3%	2.3%	2.30%
Assets 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Equity 3Y	—	—	—	—	—	—	—	—	—	—	—	—	-5.3%	-5.6%	-4.9%	-5.1%	-5.6%	-8.4%	-4.3%	-4.33%
Book Value 3Y	—	—	—	—	—	—	—	—	—	—	—	—	-2.1%	-2.3%	-1.5%	-1.3%	-2.4%	-4.8%	-5.5%	-5.53%
Dividend 3Y	—	—	—	—	—	—	—	—	—	—	—	—	-0.9%	-11.1%	-6.7%	-8.4%	-6.7%	11.8%	-5.9%	-5.91%

Growth Quality

Metric	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	—	—	—	—	—	—	—	—	1.00	0.95	0.41	0.40	1.00	0.94	0.65	0.43	0.28	0.62	0.17	0.175
Earnings Stability	—	—	—	—	—	—	—	—	1.00	0.85	0.04	0.04	0.95	0.94	0.37	0.11	0.30	0.03	0.01	0.013
Margin Stability	—	—	—	—	—	—	—	—	0.74	0.75	0.74	0.80	0.78	0.78	0.79	0.83	0.86	0.94	0.86	0.857
Rev. Growth Consistency	0.00	0.00	0.00	0.00	0.50	0.50	0.50	0.50	1.00	1.00	0.00	0.00	1.00	1.00	0.50	0.50	0.00	0.00	0.00	0.000
Earn. Growth Consistency	0.00	0.00	0.00	0.00	0.50	0.50	0.50	0.50	1.00	1.00	0.00	0.00	1.00	1.00	0.50	0.50	0.00	0.00	0.00	0.000
FCF Positive Streak	0	0	0	0	0	0	0	0	0	0	0	1	1	1	1	1	1	1	0	0
Earnings Persistence	—	—	—	—	—	—	—	—	0.85	0.97	0.50	0.84	0.50	0.83	0.50	0.86	0.50	0.20	0.50	0.500
Earnings Smoothness	—	—	—	—	0.50	0.39	0.00	0.31	0.68	0.93	0.28	0.50	0.50	0.65	0.19	0.70	0.27	—	0.00	0.000
ROE Trend	—	—	—	—	—	—	—	—	0.04	0.03	-0.01	-0.01	0.07	0.05	0.06	0.01	-0.04	-0.11	-0.09	-0.087
Gross Margin Trend	—	—	—	—	—	—	—	—	-0.28	-0.22	-0.26	-0.18	0.02	0.02	0.06	0.01	-0.08	0.02	-0.07	-0.073
FCF Margin Trend	—	—	—	—	—	—	—	—	3.53	4.27	2.77	1.40	1.12	0.04	-0.33	-0.66	-0.49	-0.90	-3.34	-3.339
Sustainable Growth Rate	1.5%	0.1%	-2.2%	-2.5%	-3.3%	-3.0%	0.0%	-0.3%	-6.2%	-6.5%	-9.3%	-7.2%	0.7%	2.4%	2.6%	0.1%	-3.5%	—	-8.6%	-8.61%
Internal Growth Rate	1.2%	0.1%	—	—	—	—	0.0%	—	—	—	—	—	0.3%	1.2%	1.3%	0.0%	—	—	—	—

Cash Flow Quality

Metric	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	-3.43	-3.86	-3.52	-5.02	-2.61	-2.02	-0.06	2.81	2.54	4.49	3.94	1.06	1.61	0.95	0.69	0.77	1.44	-16.27	-19.23	-19.231
FCF/OCF	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	1.00	1.00	1.00	1.00	1.00	1.000
FCF/Net Income	snapshot only																			-19.231
OCF/EBITDA	snapshot only																			-4.777
CapEx/Revenue	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%
Accruals Ratio	0.12	0.14	0.12	0.22	0.12	0.13	0.07	-0.12	-0.06	-0.14	-0.08	-0.00	-0.04	0.00	0.02	0.01	-0.01	-0.05	0.14	0.139
Sloan Accruals	snapshot only																			-0.005
Cash Flow Adequacy	snapshot only																			-2.934
Earnings Quality Score	snapshot only																			0.250

Dividends & Buybacks

Metric	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	3.2%	6.2%	11.5%	15.7%	16.4%	17.3%	17.9%	17.9%	20.2%	20.5%	21.1%	23.2%	18.9%	14.6%	15.8%	15.3%	15.7%	25.5%	21.6%	15.12%
Dividend/Share	$0.25	$0.52	$0.82	$1.16	$1.27	$1.45	$1.59	$1.71	$1.96	$1.99	$2.05	$2.07	$1.86	$1.36	$1.58	$1.50	$1.40	$1.75	$1.21	$0.99
Payout Ratio	53.6%	97.1%	1.6%	1.4%	1.6%	1.4%	100.0%	1.0%	1.8%	1.8%	2.7%	2.0%	94.9%	80.1%	81.7%	99.2%	1.5%	—	6.6%	6.55%
FCF Payout Ratio	—	—	—	—	—	—	—	36.5%	70.6%	40.2%	67.4%	1.9%	59.0%	84.5%	1.2%	1.3%	1.0%	1.5%	—	—
Total Payout Ratio	53.6%	99.0%	1.8%	1.7%	1.9%	1.7%	1.1%	1.0%	1.8%	2.0%	3.4%	2.7%	1.4%	1.2%	1.1%	1.3%	1.9%	—	7.3%	7.30%
Div. Increase Streak	0	0	0	0	1	1	1	1	1	1	1	1	0	0	0	0	0	0	0	0
Chowder Number	—	—	—	—	4.15	1.90	1.08	0.64	0.74	0.57	0.46	0.38	0.07	-0.22	-0.11	-0.16	-0.11	0.50	0.08	0.081
Buyback Yield	0.0%	0.1%	1.8%	3.1%	3.4%	3.1%	1.5%	0.4%	0.0%	2.7%	6.1%	8.8%	9.7%	7.3%	5.5%	5.1%	3.8%	5.0%	2.5%	2.46%
Net Buyback Yield	-31.4%	-28.9%	-32.4%	-30.5%	3.4%	3.1%	1.5%	0.4%	0.0%	2.7%	6.1%	8.8%	9.7%	7.3%	5.5%	5.1%	3.8%	5.0%	2.5%	2.46%
Total Shareholder Return	-28.2%	-22.7%	-21.0%	-14.8%	19.9%	20.3%	19.4%	18.3%	20.2%	23.2%	27.2%	32.0%	28.6%	21.8%	21.3%	20.4%	19.5%	30.6%	24.0%	24.01%

DuPont Factors

Metric	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)	1.00	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	1.00	1.00	1.00	1.00	1.00	1.000
Interest Burden (EBT/EBIT)	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	1.00	1.00	1.00	-0.34	0.25	0.248
EBIT Margin	0.92	0.83	0.71	0.70	0.58	0.56	0.61	0.59	0.47	0.47	0.38	0.45	0.59	0.56	0.58	0.52	0.40	0.08	0.50	0.500
Asset Turnover	0.03	0.03	0.04	0.05	0.06	0.08	0.11	0.12	0.09	0.09	0.07	0.09	0.11	0.11	0.12	0.10	0.08	0.10	0.06	0.055
Equity Multiplier	1.22	1.28	1.41	1.61	1.59	1.66	1.70	1.71	1.98	2.01	2.05	1.96	2.04	2.00	2.11	2.05	2.05	2.06	2.26	2.260

Per Share

Metric	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)	$0.47	$0.54	$0.52	$0.81	$0.80	$1.02	$1.59	$1.67	$1.09	$1.10	$0.78	$1.06	$1.96	$1.70	$1.94	$1.52	$0.93	$-0.07	$0.18	$0.18
Book Value/Share	$14.65	$14.44	$14.06	$14.07	$14.21	$14.07	$14.17	$14.08	$13.50	$13.11	$12.92	$13.22	$13.74	$13.48	$13.45	$13.51	$13.22	$12.13	$11.94	$11.94
Tangible Book/Share	$14.65	$14.44	$14.06	$14.07	$14.21	$14.07	$14.17	$14.08	$13.50	$13.11	$12.92	$13.22	$13.74	$13.48	$13.45	$13.51	$13.22	$12.13	$11.94	$11.94
Revenue/Share	$0.50	$0.64	$0.72	$1.16	$1.37	$1.83	$2.62	$2.85	$2.33	$2.35	$2.04	$2.37	$3.32	$3.03	$3.33	$2.94	$2.30	$2.80	$1.49	$1.49
FCF/Share	$-1.60	$-2.07	$-1.82	$-4.07	$-2.08	$-2.06	$-0.09	$4.68	$2.78	$4.94	$3.05	$1.12	$3.16	$1.61	$1.34	$1.17	$1.34	$1.19	$-3.55	$-1.79
OCF/Share	$-1.60	$-2.07	$-1.82	$-4.07	$-2.08	$-2.06	$-0.09	$4.68	$2.78	$4.94	$3.05	$1.12	$3.16	$1.61	$1.34	$1.17	$1.34	$1.19	$-3.55	$-1.79
Cash/Share	$0.11	$0.08	$0.17	$0.14	$0.14	$0.08	$0.93	$0.37	$0.07	$0.17	$0.22	$0.09	$0.15	$0.49	$0.16	$0.22	$0.50	$0.06	$0.26	$0.26
EBITDA/Share	$0.47	$0.54	$0.52	$0.81	$0.80	$1.02	$1.59	$1.67	$1.09	$1.10	$0.78	$1.06	$1.96	$1.70	$1.94	$1.52	$0.93	$0.22	$0.74	$0.74
Debt/Share	$1.92	$3.72	$5.55	$8.25	$13.54	$14.41	$13.51	$10.89	$12.59	$11.78	$14.00	$14.13	$14.74	$13.18	$13.91	$12.24	$12.26	$12.22	$16.49	$16.49
Net Debt/Share	$1.81	$3.64	$5.38	$8.11	$13.40	$14.33	$12.58	$10.52	$12.52	$11.61	$13.78	$14.04	$14.59	$12.69	$13.75	$12.02	$11.76	$12.16	$16.23	$16.23

Academic Models

Metric	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-B Score	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	4.147
Altman Z-Prime	snapshot only																			0.301
Piotroski F-Score	2	2	2	2	5	4	5	6	7	9	4	5	8	5	7	6	5	4	1	1
Beneish M-Score	—	—	—	—	0.17	1.04	5.97	-2.49	-5.36	-3.53	-2.93	-2.58	-0.16	-1.33	-2.03	-1.42	-2.19	-2.32	—	—
Ohlson O-Score	snapshot only																			-5.431
ROIC (Greenblatt)	snapshot only																			26.64%
Net-Net WC	snapshot only																			$-16.54
EVA	snapshot only																			$-87310500.00

Credit

Metric	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																			BBB-
Credit Score	57.55	72.09	70.43	72.62	69.49	64.67	77.76	87.43	74.61	80.93	77.88	65.86	82.98	79.05	79.20	64.85	66.24	39.17	52.08	52.083
Credit Grade	snapshot only																			10
Credit Trend	snapshot only																			-27.116
Implied Spread (bps)	snapshot only																			350.000
Industry Credit Rank	snapshot only																			32
Sector Credit Rank	snapshot only																			40

RWAY 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

Workforce & Productivity

Scaling Efficiency

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