$3.75

-0.09 (-2.34%)

Weekly Expected Move ±5.8%

$3 $4 $4 $4 $4

NASDAQ · Technology · Software - Application · Tech Score Sell · Power 33 · $264.6M mcap · 70M float · 0.199% daily turnover · Short 36% of daily vol

Credit Risk of going bust: lower than 71% of companies Debt: 13.0% of company value Bonds: none of note held by US funds details ▾

If the stock fell to about $0.01 (down 99.7%), trivago N.V. would be worth roughly what it owes.
Total debt $39.5M against a stock market value of $264.6M.
Distance to default 7.73 (Merton model): prices to 2026-10-27, balance sheet 2026-06-30, debt counted $2.9M (short-term plus half of long-term), stock volatility 57.6%; Altman Z'' -3.15. A ranking and a back-test, not a forecast.
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.

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

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

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 Aug 4, 2026 earnings

Analyst Recommendations

Strong Buy: 0Buy: 2Hold: 14Sell: 3Strong Sell: 0

Rating Summary

ConsensusHold

Avg Target$5.50

Analysts3

Price Target Change History

Date	Firm	Analyst	Old	New	Change	Upside @ Call	Stock@Call
2026-08-11	Mizuho Securities	—	Initiated	$5	—	-6.0%	$5.32
2026-08-06	Susquehanna	—	$3	$6	+2	+6.2%	$5.18
2026-07-30	UBS	—	$3	$6	+3	+10.1%	$5.45
2026-04-27	UBS	Stephen Ju	$4	$3	-0	+22.3%	$2.78
2026-02-11	UBS	—	$4	$4	+0	+20.8%	$2.98
2026-02-03	UBS	—	Initiated	$4	—	+17.8%	$2.97
2025-11-06	Susquehanna	—	Initiated	$3	—	+6.5%	$3.05
2022-11-17	Morgan Stanley	—	Initiated	$2	—	+67.4%	$1.20
2022-07-26	Truist Financial	Naved Khan	Initiated	$2	—	+51.3%	$1.52
2022-04-20	Citigroup	—	Initiated	$2	—	+13.1%	$2.21
2021-05-04	Deutsche Bank	Sidney Ho	Initiated	$4	—	+14.0%	$3.51

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+

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

Rating Change History

Date	From	To
2026-10-01	A-	B+
2026-09-04	B+	A-
2026-08-18	B	B+
2026-08-11	B+	B
2026-08-03	A-	B+
2026-06-23	B+	A-
2026-05-14	A-	B+
2026-05-11	B+	A-
2026-05-06	A-	B+
2026-05-04	B+	A-

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 B

Profitability

Balance Sheet

Earnings Quality

Growth

Value

—

Momentum

Safety

—

Cash Flow

Risk & Quality Signals

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

Altman Z-Score

—

Piotroski F-Score

5/9

✓ ✓ ✓ ✓ ✓ ✗ ✗ ✗ ✗

Beneish M-Score

-2.32

Unlikely Manipulator

Ohlson O-Score

-7.65

Bankruptcy prob: 0.0%

Low Risk

Credit Rating

A+

Score: 75.1/100

Trend: Improving

Earnings Quality

75/100

OCF/NI: 3.44x

Accruals: -8.8%

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. TRVG 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. TRVG's score of -2.32 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. TRVG'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. TRVG receives an estimated rating of A+ (score: 75.1/100), 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). TRVG'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

17.87x

PEG

0.01x

P/S

0.40x

P/B

1.16x

P/FCF

—

P/OCF

—

EV/EBITDA

—

EV/Revenue

—

EV/EBIT

—

EV/FCF

—

Earnings Yield

—

FCF Yield

—

Shareholder Yield

—

Graham Number

$3.44

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 17.9x earnings, TRVG trades at a reasonable valuation. Graham's intrinsic value formula yields $3.44 per share, 9% 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

1.615

NI / EBT

Interest Burden

0.984

EBT / EBIT

EBIT Margin

0.013

EBIT / Rev

Asset Turnover

1.672

Rev / Assets

Equity Multiplier

1.835

Assets / Equity

ROE

6.6%

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. TRVG's ROE of 6.6% is driven by Asset Turnover (1.672), indicating efficient use of assets to generate revenue. A tax burden ratio of 1.61 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

$1.54

Price/Value

—

Margin of Safety

—

Premium

—

Graham's classic formula uses analyst-projected growth to estimate a fair P/E (8.5 + 2g). Our adjusted version replaces that projection with TRVG's realized 0.0% 3-year EPS CAGR, capped at 15% — demonstrated performance rather than forecasts, held to a rate companies have historically sustained. TRVG trades at a premium to its adjusted intrinsic value of $1.54, 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 17.9x.

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 1800 days of historical volatility. Percentile bands show the range of statistically plausible outcomes — this is a statistical model, not a forecast.

Current Price

$3.75

Median 1Y

$2.55

5th Pctile

$0.90

95th Pctile

$7.26

Ann. Volatility

67.5%

Analyst Target

$5.50

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

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: $548,912,000

Profit / Employee

—

NI: $11,220,000

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	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	-1.7%	1.6%	0.9%	-6.9%	-18.3%	-20.3%	-15.4%	-6.4%	-40.0%	-42.3%	-44.0%	-46.3%	-12.6%	-11.5%	-11.6%	-12.7%	0.9%	5.4%	5.7%	6.6%	6.58%
ROA	-1.4%	1.3%	0.7%	-5.6%	-14.9%	-16.7%	-12.4%	-5.1%	-25.1%	-32.4%	-33.9%	-35.0%	-6.2%	-7.6%	-7.4%	-7.9%	0.5%	3.4%	3.4%	3.6%	3.58%
ROIC	-1.6%	1.0%	0.7%	-7.2%	-30.3%	-30.3%	-22.7%	-7.2%	2.4%	-96.1%	-1.1%	-1.2%	-23.1%	-24.8%	-21.6%	-20.8%	0.6%	2.6%	3.0%	7.4%	7.37%
ROCE	-1.2%	3.0%	3.1%	-3.9%	-17.5%	-18.6%	-14.0%	-4.2%	-45.8%	-52.5%	-64.0%	-72.2%	-12.5%	-11.2%	-10.8%	-10.9%	3.4%	2.9%	2.4%	3.2%	3.22%
Gross Margin	97.7%	96.8%	97.1%	97.9%	98.2%	96.7%	97.2%	97.6%	98.0%	97.0%	97.0%	97.8%	98.0%	97.2%	97.8%	98.1%	97.6%	93.2%	94.5%	95.0%	94.98%
Operating Margin	6.2%	14.8%	-4.8%	-41.3%	-40.0%	16.9%	13.3%	6.9%	-1.2%	4.8%	-11.4%	-7.4%	-13.4%	8.3%	-7.7%	-5.8%	7.3%	5.8%	-6.5%	-3.4%	-3.42%
Net Margin	4.0%	17.1%	-10.5%	-41.3%	-36.5%	9.9%	8.9%	4.6%	-1.2%	2.7%	-8.3%	-4.2%	-10.6%	5.3%	-6.3%	-4.7%	6.7%	12.1%	-5.1%	-3.1%	-3.06%
EBITDA Margin	7.9%	31.1%	-2.8%	-40.0%	-38.9%	18.1%	15.0%	8.8%	-1.1%	7.1%	-9.5%	-5.7%	-11.8%	9.6%	-6.1%	-4.5%	10.1%	8.4%	-5.1%	-1.5%	-1.51%
FCF Margin	-8.4%	8.0%	12.9%	11.5%	17.3%	11.6%	10.1%	12.5%	8.7%	5.0%	2.9%	1.4%	1.3%	3.8%	2.0%	1.3%	2.2%	0.6%	2.3%	6.6%	6.58%
OCF Margin	-7.2%	9.0%	13.8%	12.4%	18.2%	12.4%	10.7%	13.2%	9.3%	5.7%	3.6%	2.1%	1.9%	4.4%	2.6%	2.0%	2.9%	1.4%	3.1%	7.4%	7.39%
ROE 3Y Avg	snapshot only																				-33.94%
ROE 5Y Avg	snapshot only																				-23.18%
ROA 3Y Avg	snapshot only																				-21.48%
ROIC 3Y Avg	snapshot only																				-1.15%
ROIC Economic	snapshot only																				2.73%
Cash ROA	snapshot only																				10.67%
Cash ROIC	snapshot only																				52.29%
CROIC	snapshot only																				46.56%
NOPAT Margin	snapshot only																				1.04%
Pretax Margin	snapshot only																				1.33%
R&D / Revenue	snapshot only																				4.25%
SGA / Revenue	snapshot only																				85.41%
SBC / Revenue	snapshot only																				0.32%

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	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	17.871
P/S Ratio	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	0.397
P/B Ratio	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	1.165
P/FCF	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
P/OCF	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
EV/EBITDA	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
EV/Revenue	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
EV/EBIT	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
EV/FCF	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Earnings Yield	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
FCF Yield	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
PEG Ratio	snapshot only																				0.013
Graham Number	snapshot only																				$3.44

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	6.42	7.31	4.71	5.05	5.96	7.12	7.99	6.60	1.64	5.22	4.26	3.50	4.28	3.83	3.21	2.88	1.90	2.22	1.91	1.65	1.653
Quick Ratio	6.42	7.31	4.71	5.05	5.96	7.12	7.99	6.60	1.64	5.22	4.26	3.50	4.28	3.83	3.21	2.88	1.90	2.22	1.91	1.65	1.653
Debt/Equity	0.07	0.07	0.07	0.07	0.08	0.08	0.08	0.07	0.19	0.19	0.19	0.19	0.21	0.19	0.20	0.20	0.19	0.17	0.17	0.17	0.174
Net Debt/Equity	-0.22	-0.30	-0.32	-0.29	-0.42	-0.44	-0.44	-0.44	-1.20	-0.40	-0.38	-0.37	-0.36	-0.48	-0.42	-0.40	-0.44	-0.50	-0.49	-0.59	-0.587
Debt/Assets	0.06	0.06	0.05	0.06	0.06	0.07	0.06	0.06	0.08	0.13	0.12	0.12	0.13	0.13	0.13	0.12	0.10	0.10	0.09	0.09	0.086
Debt/EBITDA	-27.70	1.48	1.50	-2.19	-0.43	-0.40	-0.52	-1.83	-0.32	-0.28	-0.23	-0.21	-1.44	-1.57	-1.69	-1.70	3.08	2.82	2.75	2.12	2.118
Net Debt/EBITDA	84.30	-6.52	-7.09	8.68	2.21	2.19	2.93	11.21	2.02	0.59	0.46	0.39	2.53	3.89	3.60	3.37	-7.33	-8.26	-7.89	-7.16	-7.158
Interest Coverage	-24.95	60.87	77.63	-132.29	-876.35	-2340.45	-2543.31	-1491.50	-11620.83	-12654.33	-12723.43	-11516.24	-1751.78	-1660.59	-1738.33	-1826.07	403.10	183.34	97.92	98.18	98.183
Equity Multiplier	1.20	1.20	1.26	1.26	1.25	1.23	1.21	1.23	2.42	1.51	1.55	1.60	1.55	1.52	1.58	1.62	1.83	1.68	1.81	2.03	2.026
Cash Ratio	snapshot only																				0.948
Debt Service Coverage	snapshot only																				203.735
Cash to Debt	snapshot only																				4.380
FCF to Debt	snapshot only																				1.109
Defensive Interval	snapshot only																				168.9 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	Q2'26	Current
Asset Turnover	0.32	0.43	0.45	0.53	0.63	0.70	0.63	0.65	0.80	0.95	0.88	0.85	1.08	1.47	1.55	1.61	1.60	1.66	1.68	1.67	1.672
Inventory Turnover	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Receivables Turnover	7.34	13.19	16.20	9.97	10.33	11.85	16.93	12.30	13.26	10.45	11.20	9.17	8.62	10.28	8.13	7.05	6.93	9.84	9.18	8.02	8.016
Payables Turnover	0.67	1.11	0.68	0.30	0.46	0.75	0.58	0.33	0.44	0.63	0.48	0.32	0.42	0.53	0.35	0.28	0.38	0.59	0.56	0.58	0.578
DSO	50	28	23	37	35	31	22	30	28	35	33	40	42	35	45	52	53	37	40	46	45.5 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	541	330	538	1222	798	489	630	1093	831	577	755	1158	871	690	1042	1305	966	616	649	632	631.9 days
Cash Conversion Cycle	-492	-303	-515	-1186	-763	-458	-609	-1064	-804	-542	-723	-1118	-829	-655	-997	-1253	-913	-579	-609	-586	-586.4 days
Fixed Asset Turnover	snapshot only																				13.106
Cash Velocity	snapshot only																				3.851
Capital Intensity	snapshot only																				0.692

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	-18.3%	45.2%	1.9%	1.1%	70.4%	48.0%	28.1%	10.5%	-4.0%	-9.3%	-12.7%	-10.4%	-8.1%	-5.0%	1.7%	7.4%	14.4%	18.9%	17.7%	18.6%	18.61%
Net Income	94.4%	1.0%	1.2%	-1.4%	-8.3%	-12.9%	-16.8%	17.5%	-27.9%	-29.3%	-71.4%	-3.7%	83.2%	85.6%	87.4%	87.2%	1.1%	1.5%	1.5%	1.5%	1.52%
EPS	94.4%	1.0%	1.2%	-1.3%	-8.2%	-12.9%	-17.0%	15.7%	-34.1%	-32.5%	-73.3%	-3.8%	83.5%	85.7%	87.5%	87.4%	1.1%	1.5%	1.5%	1.5%	1.52%
FCF	-2.2%	11.1%	9.5%	3.4%	4.5%	1.2%	-0.2%	20.0%	-52.1%	-61.0%	-75.2%	-90.1%	-86.7%	-28.1%	-29.6%	2.3%	97.1%	-81.6%	39.1%	4.9%	4.94%
EBITDA	99.1%	1.1%	2.0%	-83.7%	-51.0%	-4.5%	-3.7%	-12.8%	-29.1%	-30.1%	-85.4%	-6.7%	79.9%	83.4%	87.1%	88.5%	1.4%	1.5%	1.6%	1.8%	1.76%
Op. Income	94.6%	1.0%	1.3%	-91.3%	-9.0%	-13.0%	-8.2%	24.6%	-14.7%	-30.2%	-81.7%	-5.2%	75.2%	79.5%	83.5%	85.3%	1.1%	1.0%	1.1%	1.1%	1.13%
OCF Growth	snapshot only																				3.37%
Asset Growth	snapshot only																				37.37%
Equity Growth	snapshot only																				10.17%
Debt Growth	snapshot only																				-4.83%
Shares Change	snapshot only																				0.39%

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	-31.1%	-26.6%	-21.1%	-17.8%	-15.1%	-13.9%	-10.9%	-2.3%	10.2%	24.9%	47.8%	27.5%	14.5%	8.4%	4.4%	2.1%	0.3%	0.8%	1.5%	4.5%	4.50%
Revenue 5Y	—	16.4%	-0.6%	-8.4%	-12.7%	-12.4%	-11.9%	-11.5%	-11.7%	-11.9%	-11.3%	-11.2%	-11.6%	-11.3%	-8.9%	-2.2%	7.0%	17.1%	31.0%	21.4%	21.41%
EPS 3Y	—	—	-8.5%	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
EPS 5Y	—	89.6%	-3.5%	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Net Income 3Y	—	—	-8.5%	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Net Income 5Y	—	1.1%	4.1%	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
EBITDA 3Y	—	—	-0.1%	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
EBITDA 5Y	—	27.6%	6.8%	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Gross Profit 3Y	-31.7%	-27.3%	-21.6%	-18.3%	-15.5%	-14.3%	-11.2%	-2.5%	10.3%	25.6%	50.0%	28.4%	14.9%	8.7%	4.6%	2.2%	0.3%	0.5%	0.9%	3.7%	3.67%
Gross Profit 5Y	—	15.8%	-1.0%	-8.8%	-13.0%	-12.7%	-12.2%	-11.8%	-12.1%	-12.3%	-11.6%	-11.6%	-11.9%	-11.5%	-9.1%	-2.2%	7.2%	17.3%	31.8%	21.3%	21.35%
Op. Income 3Y	—	—	-16.4%	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Op. Income 5Y	—	11.3%	-5.2%	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
FCF 3Y	—	—	12.5%	-21.8%	14.7%	-3.2%	51.4%	52.6%	27.8%	1.2%	37.7%	—	—	-15.3%	-44.1%	-50.5%	-49.9%	-62.8%	-37.6%	-15.7%	-15.67%
FCF 5Y	—	13.1%	43.5%	47.1%	—	—	—	—	—	—	-18.8%	-43.7%	-37.4%	-24.0%	-9.5%	-18.6%	-11.4%	6.3%	20.6%	—	—
OCF 3Y	—	—	-0.3%	-22.2%	11.2%	-4.8%	34.3%	37.4%	19.5%	52.3%	19.2%	—	—	-14.6%	-39.9%	-44.4%	-45.4%	-51.1%	-32.7%	-13.8%	-13.84%
OCF 5Y	—	13.4%	34.9%	31.0%	—	—	—	—	—	—	-22.1%	-40.1%	-33.8%	-23.4%	-12.0%	-17.6%	-10.8%	-0.4%	12.2%	—	—
Assets 3Y	-4.6%	-8.7%	-4.7%	-9.9%	-14.4%	-14.5%	-7.9%	-6.3%	-17.7%	-26.9%	-29.7%	-30.3%	-32.0%	-28.8%	-32.0%	-28.6%	-19.7%	-19.7%	-20.8%	-19.0%	-19.04%
Assets 5Y	—	-3.7%	-2.0%	-5.7%	-8.4%	-8.5%	-7.2%	-6.2%	-12.7%	-21.6%	-21.9%	-22.0%	-23.3%	-23.0%	-20.8%	-20.5%	-18.2%	-15.5%	-16.5%	-15.5%	-15.52%
Equity 3Y	-2.3%	-6.7%	-4.3%	-9.3%	-14.4%	-14.4%	-6.0%	-5.6%	-33.9%	-31.3%	-35.7%	-36.2%	-37.6%	-34.2%	-37.0%	-34.5%	-29.2%	-27.6%	-30.6%	-31.4%	-31.36%
Book Value 3Y	-2.4%	-6.7%	-4.3%	-9.5%	-14.7%	-14.4%	-6.0%	-5.5%	-33.3%	-31.0%	-35.2%	-35.8%	-37.1%	-33.8%	-36.7%	-34.0%	-28.9%	-27.5%	-30.6%	-31.4%	-31.42%
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	0.90	0.00	0.08	0.50	0.67	0.57	0.46	0.46	0.36	0.25	0.14	0.22	0.35	0.45	0.52	0.36	0.51	0.62	0.68	0.78	0.784
Earnings Stability	0.10	0.10	0.02	0.06	0.18	0.15	0.01	0.00	0.19	0.20	0.12	0.09	0.01	0.00	0.05	0.09	0.39	0.33	0.00	0.00	0.005
Margin Stability	0.99	0.98	0.97	0.98	0.99	0.99	0.98	0.99	0.99	0.99	0.98	0.99	0.99	0.99	0.99	1.00	1.00	0.99	0.98	0.99	0.987
Rev. Growth Consistency	0.00	0.50	0.50	0.50	0.50	1.00	1.00	1.00	0.00	0.00	0.00	0.00	0.00	0.00	0.50	0.50	0.50	0.50	1.00	1.00	1.000
Earn. Growth Consistency	0.50	0.50	1.00	0.00	0.00	0.00	0.00	0.50	0.00	0.00	0.00	0.00	0.50	0.50	0.50	0.50	1.00	1.00	1.00	1.00	1.000
FCF Positive Streak	0	1	1	0	0	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Earnings Persistence	0.50	0.20	0.20	0.50	0.50	0.20	0.20	0.93	0.89	0.50	0.50	0.50	0.50	0.50	0.50	0.50	0.20	0.20	0.20	0.20	0.200
Earnings Smoothness	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
ROE Trend	0.12	0.19	0.17	0.09	-0.06	-0.05	-0.15	-0.01	-0.57	-0.66	-0.80	-0.88	0.32	0.38	0.41	0.37	0.42	0.49	0.56	0.60	0.603
Gross Margin Trend	-0.02	-0.01	0.01	0.01	0.01	0.01	0.02	0.01	0.00	0.00	0.00	0.00	-0.00	-0.00	0.00	0.00	0.00	-0.01	-0.02	-0.02	-0.024
FCF Margin Trend	-0.15	0.03	0.10	0.15	0.19	0.07	0.02	0.12	0.04	-0.05	-0.09	-0.11	-0.12	-0.05	-0.04	-0.06	-0.03	-0.04	-0.00	0.05	0.052
Sustainable Growth Rate	—	1.6%	0.9%	—	—	—	—	—	—	—	—	—	—	—	—	—	0.9%	5.4%	5.7%	6.6%	6.58%
Internal Growth Rate	—	1.3%	0.7%	—	—	—	—	—	—	—	—	—	—	—	—	—	0.5%	3.5%	3.5%	3.7%	3.72%

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	1.66	3.04	8.69	-1.18	-0.77	-0.52	-0.55	-1.68	-0.30	-0.17	-0.09	-0.05	-0.33	-0.85	-0.55	-0.41	8.56	0.70	1.55	3.44	3.445
FCF/OCF	1.17	0.88	0.94	0.93	0.96	0.94	0.94	0.95	0.93	0.87	0.80	0.67	0.66	0.86	0.75	0.66	0.74	0.42	0.75	0.89	0.891
FCF/Net Income	snapshot only																				3.068
OCF/EBITDA	snapshot only																				2.638
CapEx/Revenue	1.2%	1.0%	0.9%	0.9%	0.8%	0.7%	0.7%	0.7%	0.7%	0.7%	0.7%	0.7%	0.7%	0.6%	0.7%	0.7%	0.8%	0.8%	0.8%	0.8%	0.81%
CapEx/Depreciation	snapshot only																				0.557
Accruals Ratio	0.01	-0.03	-0.06	-0.12	-0.26	-0.25	-0.19	-0.14	-0.33	-0.38	-0.37	-0.37	-0.08	-0.14	-0.11	-0.11	-0.04	0.01	-0.02	-0.09	-0.088
Sloan Accruals	snapshot only																				-0.080
Cash Flow Adequacy	snapshot only																				9.135
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	Q2'26	Current
Dividend Yield	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	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	—	0.0%	0.0%	—	—	—	—	—	—	—	—	—	—	—	—	—	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%	0.0%	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	—	0.0%	0.0%	—	—	—	—	—	—	—	—	—	—	—	—	—	57.5%	10.6%	7.8%	14.8%	14.75%
Div. Increase Streak	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Chowder Number	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Buyback Yield	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Net Buyback Yield	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total Shareholder Return	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

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)	1.08	0.46	0.25	1.68	1.10	1.06	1.06	1.33	1.11	1.08	1.03	0.99	0.81	0.79	0.80	0.85	0.30	1.91	1.99	1.61	1.615
Interest Burden (EBT/EBIT)	1.14	0.98	0.99	1.01	1.00	1.01	1.01	1.04	1.01	1.00	1.00	1.00	1.03	1.06	1.11	1.13	0.71	0.77	0.93	0.98	0.984
EBIT Margin	-0.04	0.07	0.06	-0.06	-0.21	-0.22	-0.18	-0.06	-0.28	-0.31	-0.37	-0.42	-0.07	-0.06	-0.05	-0.05	0.02	0.01	0.01	0.01	0.013
Asset Turnover	0.32	0.43	0.45	0.53	0.63	0.70	0.63	0.65	0.80	0.95	0.88	0.85	1.08	1.47	1.55	1.61	1.60	1.66	1.68	1.67	1.672
Equity Multiplier	1.23	1.23	1.22	1.24	1.23	1.22	1.24	1.25	1.59	1.31	1.30	1.32	2.03	1.52	1.57	1.61	1.69	1.60	1.70	1.84	1.835

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)	$-0.18	$0.15	$0.09	$-0.69	$-1.70	$-1.78	$-1.51	$-0.58	$-2.28	$-2.36	$-2.62	$-2.77	$-0.38	$-0.34	$-0.33	$-0.35	$0.03	$0.16	$0.16	$0.18	$0.18
Book Value/Share	$10.96	$9.73	$10.70	$9.15	$7.71	$7.86	$8.84	$8.96	$3.30	$3.09	$2.97	$2.92	$2.72	$2.82	$2.72	$2.64	$2.77	$2.99	$2.95	$2.89	$2.89
Tangible Book/Share	$3.52	$3.32	$3.58	$3.74	$4.02	$4.06	$4.66	$4.76	$2.13	$2.00	$1.89	$1.84	$2.07	$2.17	$2.07	$1.99	$1.51	$1.76	$1.72	$1.67	$1.67
Revenue/Share	$4.27	$5.07	$5.96	$6.59	$7.20	$7.49	$7.72	$7.43	$7.25	$6.96	$6.81	$6.73	$6.55	$6.57	$6.87	$7.16	$7.33	$7.68	$8.05	$8.46	$8.46
FCF/Share	$-0.36	$0.40	$0.77	$0.76	$1.25	$0.87	$0.78	$0.93	$0.63	$0.35	$0.19	$0.09	$0.08	$0.25	$0.14	$0.09	$0.16	$0.05	$0.19	$0.56	$0.56
OCF/Share	$-0.31	$0.46	$0.82	$0.82	$1.31	$0.93	$0.83	$0.98	$0.67	$0.40	$0.24	$0.14	$0.13	$0.29	$0.18	$0.14	$0.21	$0.11	$0.25	$0.63	$0.63
Cash/Share	$3.16	$3.59	$4.20	$3.34	$3.83	$4.11	$4.58	$4.61	$4.61	$1.82	$1.72	$1.65	$1.54	$1.91	$1.69	$1.58	$1.75	$2.00	$1.96	$2.20	$2.20
EBITDA/Share	$-0.03	$0.45	$0.49	$-0.31	$-1.45	$-1.59	$-1.33	$-0.35	$-1.96	$-2.11	$-2.49	$-2.74	$-0.39	$-0.35	$-0.32	$-0.31	$0.17	$0.18	$0.18	$0.24	$0.24
Debt/Share	$0.78	$0.67	$0.73	$0.67	$0.62	$0.63	$0.69	$0.65	$0.64	$0.58	$0.58	$0.57	$0.56	$0.55	$0.54	$0.53	$0.52	$0.51	$0.51	$0.50	$0.50
Net Debt/Share	$-2.38	$-2.93	$-3.46	$-2.66	$-3.21	$-3.48	$-3.89	$-3.96	$-3.97	$-1.24	$-1.14	$-1.08	$-0.98	$-1.36	$-1.15	$-1.05	$-1.23	$-1.49	$-1.45	$-1.70	$-1.70

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	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Piotroski F-Score	3	7	8	6	4	3	6	7	4	5	4	5	5	4	5	5	6	5	6	5	5
Beneish M-Score	-1.32	-1.29	-1.62	-2.92	-4.20	-3.85	-3.76	-3.39	-4.57	-5.76	-6.07	-6.06	-3.24	-3.26	-2.97	-3.05	-2.31	-1.98	-2.14	-2.32	-2.318
Ohlson O-Score	snapshot only																				-7.645
ROIC (Greenblatt)	snapshot only																				5.29%
Net-Net WC	snapshot only																				$0.86
EVA	snapshot only																				$-2225750.29

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	43.19	76.72	76.71	52.80	53.29	54.26	52.93	53.38	53.18	53.24	53.43	50.61	49.71	52.80	51.11	49.71	70.76	70.87	73.03	75.14	75.139
Credit Grade	snapshot only																				5
Credit Trend	snapshot only																				25.428
Implied Spread (bps)	snapshot only																				125.000
Industry Credit Rank	snapshot only																				65
Sector Credit Rank	snapshot only																				61

TRVG NASDAQ

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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