TSR below peersNo
—
3+ of last 5 years
High CEO pay despite TSRNo
—
Median CEO pay ≥ $15M while TSR trails
Earnings not backed by cashYes
66% of net income
Cash flow under 80% of net income
Dilutive SBCNo
1% of revenue
Over 10% of revenue
Payouts exceed cash flowNo
0% of cash flow
Buybacks + dividends over cash flow
Goodwill-heavyNo
5% of assets
Over 40% of assets
Shareholder dissentNo
100% lowest support
Any vote under 80% support
Buyer economics 3 of 4
Low revenue per employeeNo
—
Bottom quartile of its SIC industry
Quiet on AIYes
0.3 per 10K words · 15th pct
Bottom quartile of AI mentions in 10-Ks
Net cashYes
Net cash · 0.5× EBITDA
More cash than debt, positive EBITDA
Buyout-sizedYes
$516M market cap
Market cap $500M–$5B
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY | Trend |
|---|
| Revenue | $229M | $222M | $264M | $297M | $335M | ▲ 13% | |
|---|
| Operating income | −$11M | −$9M | $94M | $100M | $140M | ▲ 41% | |
|---|
| Net income | −$58M | −$470M | $310M | $76M | $107M | ▲ 41% | |
|---|
| Operating cash flow | −$295M | −$173M | −$136M | $244M | $71M | ▼ 71% | |
|---|
| Capex | $5M | $3M | $196K | $22K | $155K | ▲ 605% | |
|---|
| Stock-based comp | $1M | $1M | $1M | $3M | $4M | ▲ 69% | |
|---|
| Dividends | $10M | $3M | $0 | $24M | $0 | ▼ 100% | |
|---|
13D filers
| Filed | Filer | Form | Stake | Intent |
|---|
| Aug 11, 2025 | Peed Daniel | SCHEDULE 13D/A | 34.5% | Passive |
| May 9, 2025 | Peed Daniel | SCHEDULE 13D/A | 35.7% | Passive |
| Mar 20, 2019 | UNITED INSURANCE HOLDINGS CORP. | SC 13D/A | 40.3% | Passive |
Insider trading
- Open-market buys, 12 mo
- $155K · 10
- Open-market sells, 12 mo
- $802K · 4
- Net
- −$648K
Pay vs performance
No pay-versus-performance disclosure yet.