Assay
Financial-condition grades for SEC filers
Company Report · as of Oct 9, 2026
|
| Intellinetics, Inc.INLX · business equipment | |
|---|---|
| Grade |  Dfourth fifth of 497 graded peers; percentile 72.2, sampling error 2.2 points; lower is stronger |
| Rank | 359 of 497 |
| Profitability | Bpercentile 24.6 |
| Solvency | Dpercentile 75.1 |
| Growth and financing | Dpercentile 72.9 |
| Reliability | 0.83 AUCfailure model, filers with $12.5M to $120M assets; 95% interval 0.79 to 0.86; 201 events, 2020 to 2025 |
| Peer failure rate | 1.07% a yearItem 1.03 bankruptcies, same asset band, 2012 to 2025 |
| Size band | $12.5M to $120M assetstotal assets $17.3M[1] |
| Standard universe | insiderevenue above $1M and assets above $10M[1-2] |
| Warnings | none activenot computable: short runway, distress |
| Inputs computable | 9 of 14 |
| Graded from | filings received through Mar 30, 2026193 days before the rescan; every figure keyed to the SEC receipt date |
| Last close | $4.712026-10-07; market equity $21.2M; iex feed |
| Price used in grade | None |
| Share price, twelve months to the rescansplit-adjusted close; a lollipop at every rescan carries the letter held then; baseline ticks are SEC receipt dates of the inputs; ranges and dragging scroll the full history | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Percentile at every rescan on file, Jan 21, 2012 to Oct 9, 2026; stronger toward the top. Hover for the date. Open this report as it stood on | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Each date opens the report as it stood on that rescan. |
Business, in the company's words. Opening of Item 1 of the 10-K received Mar 30, 2026; the document on sec.gov.
is a Nevada holding company incorporated in 1997, with two wholly-owned subsidiaries: (i) Intellinetics Ohio and (ii) Graphic Sciences. Intellinetics Ohio was incorporated in 1996, and on February 10, 2012, Intellinetics Ohio became the sole operating subsidiary of Intellinetics as a result of a reverse merger and recapitalization. On March 2, 2020, Intellinetics purchased Graphic Sciences, Inc. are a document services and software solutions company serving both the small-to-medium business and governmental sectors with their digital transformation and process automation initiatives.
The Fourteen Inputs [top]
Lower percentile is stronger. Source numbers open the SEC filing; a range that spans filings opens the sources table.
| Input | Percentile, 0 to 100 | Value | Source | Peer median | Percentile | Peers | Period end |
|---|---|---|---|---|---|---|---|
| Profitability, sleeve percentile 24.6 | |||||||
| Gross profitability | 63.3% | [1,3] | 28.5% | 8.4 | 558 | 2025-12-31 | |
| Return on invested capital | not computable | 10.9% | |||||
| a prior annual debt, equity, and cash observation is required | |||||||
| Accruals ratio | (15.6%) | [1,4-6] | (7.4%) | 26.5 | 621 | 2025-12-31 | |
| Gross margin stability, five years | 1.8 pts | [2-3,7-14] | 2.4 pts | 39.0 | 429 | 2025-12-31 | |
| Solvency, sleeve percentile 75.1 | |||||||
| Twelve-month failure probability | not computable | 0.05% | |||||
| latest liabilities, cash plus short-term investments, book equity, and shares are required | |||||||
| Altman Z double-prime | (3.04) | [1,15-20] | 2.18 | 70.3 | 566 | 2025-12-31 | |
| Net debt to EBITDA | not computable | 1.11x | |||||
| latest aligned inputs end 2022-12-31; latest annual assets end 2025-12-31 | |||||||
| Interest coverage | not computable | 3.77x | |||||
| interest expense must exceed $100,000 | |||||||
| Current ratio | 1.03x | [15-16] | 2.02x | 79.8 | 666 | 2025-12-31 | |
| Growth and financing, sleeve percentile 72.9 | |||||||
| Revenue growth, three-year compound | 5.8% | [2,8,10,12] | 6.4% | 51.8 | 538 | 2025-12-31 | |
| Free cash flow growth, three-year compound | (31.3%) | [5,21-27] | 17.2% | 95.1 | 268 | 2025-12-31 | |
| Reinvestment rate | not computable | 14.3% | |||||
| NOPAT must exceed $100,000 | |||||||
| Asset growth, three years | (4.6%) | [1,6,28-29] | 5.0% | 72.8 | 563 | 2025-12-31 | |
| Net share issuance, one year | 5.0% | [30-31] | 0.5% | 71.9 | 407 | 2026-03-26 | |
Gross profitability. Revenue less cost of goods sold, over total assets.
Accruals ratio. Net income less operating cash flow, over average assets; lower is stronger.
Gross margin stability, five years. Standard deviation of gross margin; lower is stronger.
Twelve-month failure probability. CHS model; lower is stronger.
Net debt to EBITDA. Lower is stronger.
Net share issuance, one year. Split-adjusted; lower is stronger.
Sleeves are equal-weighted; within a sleeve each computable input carries equal weight. Composite 0.171; sampling error 2.2 percentile points on 497 peers.
Among 497 Peers [top]
Composite score of every graded peer, smoothed. Vertical rules are the letter band edges at the 20th, 40th, 60th and 80th percentiles. Small dots are the six largest peers by market equity.
| Rank | Company | Percentile | Letter | Warnings |
|---|---|---|---|---|
| 354 | Dropbox, Inc. (DBX) Dropbox, Inc. (DBX) Dfourth fifth; percentile 71.2 Nasdaq · Services-Prepackaged Software last close $34.14 No active warnings; 9 of 14 inputs | 71.2 | D | |
| 355 | Adtran Holdings, Inc. (ADTN) Adtran Holdings, Inc. (ADTN) Dfourth fifth; percentile 71.4 Nasdaq · Telephone & Telegraph Apparatus market equity $610.3M; last close $7.50 Warnings: late filer, fortress balance sheet; 9 of 14 inputs | 71.4 | D | late filer, fortress balance sheet |
| 356 | 908 Devices Inc. (MASS) 908 Devices Inc. (MASS) Dfourth fifth; percentile 71.6 Nasdaq · Laboratory Analytical Instruments market equity $477.4M; last close $11.56 No active warnings; 9 of 14 inputs | 71.6 | D | |
| 357 | Unity Software Inc. (U) Unity Software Inc. (U) Dfourth fifth; percentile 71.8 NYSE · Services-Prepackaged Software market equity $20.2B; last close $45.85 No active warnings; 8 of 14 inputs | 71.8 | D | |
| 358 | Unisys Corp. (UIS) Unisys Corp. (UIS) Dfourth fifth; percentile 72.0 NYSE · Services-Computer Integrated Systems Design market equity $168.4M; last close $2.31 No active warnings; 8 of 14 inputs | 72.0 | D | |
| 359 | Intellinetics, Inc. (INLX) Intellinetics, Inc. (INLX) Dfourth fifth; percentile 72.2 NYSE · Services-Prepackaged Software market equity $24.3M; last close $4.71 No active warnings; 9 of 14 inputs | 72.2 | D | |
| 360 | Corsair Gaming, Inc. (CRSR) Corsair Gaming, Inc. (CRSR) Dfourth fifth; percentile 72.4 Nasdaq · Computer Peripheral Equipment, NEC market equity $1.4B; last close $13.08 No active warnings; 10 of 14 inputs | 72.4 | D | |
| 361 | PAR Technology Corp. (PAR) PAR Technology Corp. (PAR) Dfourth fifth; percentile 72.6 NYSE · Calculating & Accounting Machines (No Electronic Computers) market equity $638.2M; last close $15.43 No active warnings; 9 of 14 inputs | 72.6 | D | |
| 362 | Sensata Technologies Holding plc (ST) Sensata Technologies Holding plc (ST) Dfourth fifth; percentile 72.8 NYSE · Industrial Instruments For Measurement, Display, and Control market equity $6.1B; last close $42.20 No active warnings; 12 of 14 inputs | 72.8 | D | |
| 363 | Gen Digital Inc. (GEN) Gen Digital Inc. (GEN) Dfourth fifth; percentile 73.1 Nasdaq · Services-Prepackaged Software last close $22.75 No active warnings; 10 of 14 inputs | 73.1 | D | |
| 364 | Gen Digital Inc. (GENVR) Gen Digital Inc. (GENVR) Dfourth fifth; percentile 73.1 Nasdaq · Services-Prepackaged Software last close $1.03 No active warnings; 10 of 14 inputs | 73.1 | D |
| Peer policy | Letter | Percentile | Peers |
|---|---|---|---|
| all graded filers, equal sleeves | D | 68.2 | 2204 |
| sector peers, equal sleeves (the grade) | D | 72.2 | 497 |
| same exchange, equal sleeves | D | 74.8 | 984 |
| sector peers, equal inputs | D | 72.8 | 497 |
Each letter is one fifth of the 497 graded peers, about 99 companies. A boundary letter (A/B, B/C, C/D, D/E) marks a percentile within one sampling error of a band edge.
What the Price Implies [top]
Market measures at the 2026-10-07 close. None enters the grade. Percentile among graded peers with the same measure.
| Measure | Value | Peer median | Percentile | Reading |
|---|---|---|---|---|
| Twelve-month price change, skipping the latest month | (52.2%) | 2.2% | 10 | hotter than 10 of 100 peers |
| Distance from 52-week high | (54.0%) | (30.0%) | 22 | closer to its high than 22 of 100 peers |
| EBIT to enterprise value | (7.0%) | 1.5% | 17 | pricier than 83 of 100 peers |
| Free cash flow yield | 2.4% | 2.7% | 46 | pricier than 54 of 100 peers |
| Book value to price | 0.40 | 0.23 | 68 | pricier than 32 of 100 peers |
| Sales to price | 0.68 | 0.30 | 70 | pricier than 30 of 100 peers |
| Composite equity issuance, five years | not computable | 3.9% | five-year total-return history is required | |
| Relative strength against the sector, log excess return | (1.02) | (0.26) | 10 | ahead of 10 of 100 peers |
Inputs: market equity $24.3M; EBIT -$1.8M; free cash flow $579,493; book equity $9.8M; sales $16.6M; debt $3.3M; cash $2.1M[32].
Diagnostics [top]
Diagnostics do not feed the grade.
| Piotroski F-score: None of 9, period end 2025-12-31 | ||
|---|---|---|
| Return on assets above zero | (10.1%) | ✗ fail[4,6] |
| Operating cash flow above zero | $933,871 | ✓ pass[5] |
| Return on assets improved | (7.2 pts) | ✗ fail[4,6,28,33] |
| Operating cash flow exceeds net income | $2.8M | ✓ pass[4-5] |
| Long-term leverage fell | n/a[1,6,28] | |
| Current ratio improved | 20.4 pts | ✓ pass[15-16,34-35] |
| No new shares issued | 5.0% | ✗ fail[30-31] |
| Gross margin improved | 3.0 pts | ✓ pass[2-3,7-8] |
| Asset turnover improved | (5.4 pts) | ✗ fail[2,6,8,28] |
| Cash, filings, liquidity | |
|---|---|
| Cash and equivalents | n/a |
| Operating cash flow, four quarters | n/a[5,36-39] |
| Months of runway | not finite |
| cash is missing at the end of the latest cash-flow quarter | |
| Late filings, two years | 0 |
| NT 10-K or NT 10-Q | |
| Days since last periodic filing | 58 |
| 10-Q received Aug 12, 2026 | |
| Median daily dollar volume | $4,849 |
| 63 sessions | |
| Days since newest grade input | 193 |
Downloads [top]
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Sources [top]
Every citation on this page. Filing opens the SEC index page for that submission; viewer opens the SEC interactive data for the same filing; series opens the SEC XBRL API record for that tag and company.
| # | Concept | XBRL tag | Value | Period end | Received | Form | Links |
|---|---|---|---|---|---|---|---|
| 1 | assets | us-gaap:Assets | $17.3M | 2025-12-31 | 2026-03-30 | 10-K | filing · viewer · series |
| 2 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $16.6M | 2025-12-31 | 2026-03-30 | 10-K | filing · viewer · series |
| 3 | gross profit | us-gaap:GrossProfit | $11.0M | 2025-12-31 | 2026-03-30 | 10-K | filing · viewer · series |
| 4 | net income | us-gaap:NetIncomeLoss | -$1.9M | 2025-12-31 | 2026-03-30 | 10-K | filing · viewer · series |
| 5 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $933,871 | 2025-12-31 | 2026-03-30 | 10-K | filing · viewer · series |
| 6 | assets | us-gaap:Assets | $18.6M | 2024-12-31 | 2026-03-30 | 10-K | filing · viewer · series |
| 7 | gross profit | us-gaap:GrossProfit | $11.4M | 2024-12-31 | 2026-03-30 | 10-K | filing · viewer · series |
| 8 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $18.0M | 2024-12-31 | 2026-03-30 | 10-K | filing · viewer · series |
| 9 | gross profit | us-gaap:GrossProfit | $10.6M | 2023-12-31 | 2025-03-24 | 10-K | filing · viewer · series |
| 10 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $16.9M | 2023-12-31 | 2025-03-24 | 10-K | filing · viewer · series |
| 11 | gross profit | us-gaap:GrossProfit | $8.9M | 2022-12-31 | 2024-03-28 | 10-K | filing · viewer · series |
| 12 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $14.0M | 2022-12-31 | 2024-03-28 | 10-K | filing · viewer · series |
| 13 | gross profit | us-gaap:GrossProfit | $6.9M | 2021-12-31 | 2023-03-27 | 10-K | filing · viewer · series |
| 14 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $11.5M | 2021-12-31 | 2023-03-27 | 10-K | filing · viewer · series |
| 15 | current assets | us-gaap:AssetsCurrent | $5.2M | 2025-12-31 | 2026-03-30 | 10-K | filing · viewer · series |
| 16 | current liabilities | us-gaap:LiabilitiesCurrent | $5.1M | 2025-12-31 | 2026-03-30 | 10-K | filing · viewer · series |
| 17 | retained earnings | us-gaap:RetainedEarningsAccumulatedDeficit | -$23.5M | 2025-12-31 | 2026-03-30 | 10-K | filing · viewer · series |
| 18 | operating income | us-gaap:OperatingIncomeLoss | -$1.8M | 2025-12-31 | 2026-03-30 | 10-K | filing · viewer · series |
| 19 | book equity | us-gaap:StockholdersEquity | $11.4M | 2025-12-31 | 2026-03-30 | 10-K | filing · viewer · series |
| 20 | liabilities | us-gaap:Liabilities | $5.9M | 2025-12-31 | 2026-03-30 | 10-K | filing · viewer · series |
| 21 | capital expenditure | us-gaap:PaymentsToAcquirePropertyPlantAndEquipment | $354,378 | 2025-12-31 | 2026-03-30 | 10-K | filing · viewer · series |
| 22 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $3.9M | 2024-12-31 | 2026-03-30 | 10-K | filing · viewer · series |
| 23 | capital expenditure | us-gaap:PaymentsToAcquirePropertyPlantAndEquipment | $439,203 | 2024-12-31 | 2026-03-30 | 10-K | filing · viewer · series |
| 24 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $784,659 | 2023-12-31 | 2025-03-24 | 10-K | filing · viewer · series |
| 25 | capital expenditure | us-gaap:PaymentsToAcquirePropertyPlantAndEquipment | $111,240 | 2023-12-31 | 2025-03-24 | 10-K | filing · viewer · series |
| 26 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $2.0M | 2022-12-31 | 2024-03-28 | 10-K | filing · viewer · series |
| 27 | capital expenditure | us-gaap:PaymentsToAcquirePropertyPlantAndEquipment | $200,980 | 2022-12-31 | 2024-03-28 | 10-K | filing · viewer · series |
| 28 | assets | us-gaap:Assets | $19.0M | 2023-12-31 | 2025-03-24 | 10-K | filing · viewer · series |
| 29 | assets | us-gaap:Assets | $19.9M | 2022-12-31 | 2024-03-28 | 10-K | filing · viewer · series |
| 30 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 4,474,272 | 2026-03-26 | 2026-03-30 | 10-K | filing · viewer · series |
| 31 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 4,259,276 | 2025-03-19 | 2025-03-24 | 10-K | filing · viewer · series |
| 32 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 4,494,994 | 2026-08-10 | 2026-08-12 | 10-Q | filing · viewer · series |
| 33 | net income | us-gaap:NetIncomeLoss | -$546,215 | 2024-12-31 | 2026-03-30 | 10-K | filing · viewer · series |
| 34 | current assets | us-gaap:AssetsCurrent | $5.5M | 2024-12-31 | 2026-03-30 | 10-K | filing · viewer · series |
| 35 | current liabilities | us-gaap:LiabilitiesCurrent | $6.6M | 2024-12-31 | 2026-03-30 | 10-K | filing · viewer · series |
| 36 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | -$186,094 | 2026-06-30 | 2026-08-12 | 10-Q | filing · viewer · series |
| 37 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | -$228,433 | 2026-03-31 | 2026-05-14 | 10-Q | filing · viewer · series |
| 38 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $1.5M | 2025-09-30 | 2025-11-12 | 10-Q | filing · viewer · series |
| 39 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $112,521 | 2025-06-30 | 2026-08-12 | 10-Q | filing · viewer · series |
Limitations [top]
Grade boundary. Percentile 72.2 is 7.8 points from the nearest band edge; sampling error is 2.2 points.
Peer group. Sector assignment from four-digit SIC codes, hand-tuned and published. The grade under three alternative peer policies is tabled above.
Size. Within a sector the letter tracks size. Among graded filers in the smallest asset band, 72% grade E and 0% grade A; in the largest, 13% grade E and 21% grade A. Universe as of Oct 9, 2026.
Failure model. filings 2012-01-01 to 2019-12-31 fit, filings 2020-01-01 to 2025-12-31 test; status post hoc pending confirmation. pre-registered on 2026 filings once their 12-month outcome windows close; supported if the paired per-quintile gain over the pooled model has a lower bound above 0.05.
Input validity. Revenue or total assets at or below $100,000 sets the degenerate-inputs flag. An input whose denominator is at or below $100,000 is left not computable rather than ranked.
Returns. No input on this page has a post-2015 confidence interval on returns that excludes zero. The grade ranks reported financial condition and is not a return forecast.
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