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Strong institutional accumulation: ownership increased +3.39% quarter-over-quarter.
Data as of Q1 2026
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Total shares institutions bought (green) vs sold (red) each quarter across all holders.
Inferred from quarter-over-quarter change in each fund's 13F position (new stakes count as buys, exits as sells). Not tick-level trades.
Solve the discounted cash flow backwards, then stress-test the assumptions.
To be worth $50.51 today, the market must believe free cash flow compounds 13.1%/yr for a decade (off $56M normalized FCF).
The market's 13.1% is more conservative than its 9-yr track record.
2-stage DCF · 0.03B shares · net debt $145M
mean 60.5% · volatility σ 313% · implied rate exceeded in 3/6 yrs
Central path = implied 13.1%/yr growth; shaded band = ±1σ (313%) of this company's historical FCF volatility, widening with time. The wider the band, the less certain the growth.
Reverse DCF: rather than guessing a fair value, we solve for the growth the current price implies, then you stress-test the assumptions. Enterprise value of the FCF stream, less net debt, ÷ shares. Educational — not a recommendation.
Top 40 institutional holders — bubble size is position value, color is the move since last quarter. Hover any holder for detail.
Drag any bubble to rearrange · size = dollar value of the position
Is the value real, and is the business safe? Academic scores + earnings quality + solvency, from SEC filings.
Safe > 2.99 · grey 1.81–2.99 · distress < 1.81
Needs granular two-year detail (receivables, PP&E, D&A, SG&A) — not fully reported.
Cash-conversion data unavailable. Lower/negative accruals = higher quality (Sloan).
Interest coverage is thin — monitor; leverage falling year-over-year.
F-Score (0–9 fundamental momentum), Altman Z (distress risk), and Beneish M (earnings-manipulation screen) are academic models computed from the SEC filings. Screens and context — educational, not recommendations.
What the company returns to shareholders — and whether it's covered by cash.
No dividend to cover. Last year: $0 dividends + $0 buybacks = $0 returned on $67M FCF.
Yields use the latest fiscal-year dividends/buybacks over current market cap. Dividends and buybacks from the SEC cash-flow statement; payout coverage vs net income and free cash flow. Educational — not a recommendation.
How management deployed cash over 10 years — and what it earned on reinvestment.
A reinvestment story — most cash went back into growth rather than to shareholders.
Operating income fell despite reinvestment — a warning on capital productivity. Current ROIC on all capital: -2%. Rough measure (includes maintenance capex).
Cash uses aggregated from the SEC cash-flow statement over 10 fiscal years. "Return on reinvestment" is a rough proxy — operating-income change ÷ cumulative CapEx + M&A — and includes maintenance capex. Educational — not a recommendation.
How much the company owes, how it's trended, and how comfortably it's serviced.
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Thin coverage — earnings barely cover interest. Effective rate ~1.0% on $248M of debt.
Cash vs short-term debt unavailable.
Mostly long-term debt (balance-sheet current vs non-current split). A year-by-year maturity schedule wasn't disclosed for this issuer.
Debt, cash, interest and equity from the SEC balance sheet & income statement. Effective rate = interest ÷ average debt. Educational — not a recommendation.
EOD close · as of 2026-09-17
How a revenue dollar becomes profit — FY2025
Each value shows its share of revenue below it (common-size).
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $753.8M 100.0% | $748.5M 100.0% | $601.1M 100.0% | $573.2M 100.0% | $490.9M 100.0% | $343.1M 100.0% | $232.6M 100.0% | $204.1M 100.0% | $163.0M 100.0% | $152.1M 100.0% |
| Cost of Revenue | $458.8M 60.9% | $468.5M 62.6% | $365.0M 60.7% | $334.8M 58.4% | $277.1M 56.4% | $189.2M 55.1% | $125.0M 53.7% | $108.1M 53.0% | $89.3M 54.8% | $85.2M 56.0% |
| Cost of Services | — | — | — | — | — | — | — | — | $75.9M 46.6% | $71.2M 46.8% |
| Gross Profit | $295.1M 39.1% | $280.0M 37.4% | $236.2M 39.3% | $238.4M 41.6% | $213.8M 43.6% | $153.9M 44.9% | $107.6M 46.3% | $96.0M 47.0% | $73.7M 45.2% | $66.9M 44.0% |
| Research & Development | $132.5M 17.6% | $118.6M 15.8% | $104.2M 17.3% | $98.0M 17.1% | $69.5M 14.2% | $54.6M 15.9% | $31.5M 13.5% | $20.9M 10.2% | $10.8M 6.6% | $8.5M 5.6% |
| Selling, General & Admin | $75.2M 10.0% | $71.7M 9.6% | $65.4M 10.9% | $68.0M 11.9% | $64.2M 13.1% | $51.6M 15.1% | $58.8M 25.3% | $47.6M 23.3% | $37.1M 22.7% | $33.9M 22.3% |
| Total Operating Expenses | $309.4M 41.0% | $300.0M 40.1% | $271.6M 45.2% | $262.7M 45.8% | $216.1M 44.0% | $167.4M 48.8% | $125.3M 53.9% | $89.2M 43.7% | $59.1M 36.3% | $51.7M 34.0% |
| Operating Income | -$14.4M -1.9% | -$20.1M -2.7% | -$35.5M -5.9% | -$24.3M -4.2% | -$2.2M -0.5% | -$13.5M -3.9% | -$17.7M -7.6% | $6.8M 3.3% | $14.6M 9.0% | $15.2M 10.0% |
| Interest Expense | $2.4M 0.3% | $3.0M 0.4% | $3.7M 0.6% | $5.2M 0.9% | $28.7M 5.8% | $16.4M 4.8% | — | — | — | — |
| Interest & Investment Income | $300K 0.0% | $1.0M 0.1% | $2.0M 0.3% | $1.2M 0.2% | $0 0.0% | $0 0.0% | $100K 0.0% | $77K 0.0% | $0 0.0% | — |
| Other Income (Expense), net | -$2.2M -0.3% | $11.1M 1.5% | $16.2M 2.7% | $41.6M 7.3% | -$29.0M -5.9% | -$15.5M -4.5% | $2.5M 1.1% | $301K 0.1% | -$1.7M -1.1% | -$908K -0.6% |
| Pretax Income | — | — | — | — | — | -$29.0M -8.4% | -$15.2M -6.5% | $7.1M 3.5% | $12.9M 7.9% | $14.3M 9.4% |
| Income Tax Expense | -$3.7M -0.5% | -$2.4M -0.3% | -$3.0M -0.5% | -$2.3M -0.4% | -$3.8M -0.8% | $15.0M 4.4% | -$17.7M -7.6% | -$10.9M -5.3% | $6.9M 4.2% | -$11.1M -7.3% |
| Net Income | -$12.9M -1.7% | -$6.5M -0.9% | -$16.3M -2.7% | $19.6M 3.4% | -$27.4M -5.6% | -$44.0M -12.8% | $2.5M 1.1% | $17.9M 8.8% | $6.0M 3.7% | $22.4M 14.7% |
| Per Share | ||||||||||
| EPS (Basic) | $-0.43 | $-0.24 | $-0.64 | $0.77 | $-1.09 | $-1.83 | $0.11 | $0.96 | $0.42 | $1.66 |
| EPS (Diluted) | $-0.43 | $-0.24 | $-0.64 | $-0.48 | $-1.09 | $-1.83 | $0.10 | $0.85 | $0.37 | $1.51 |
| Weighted Avg Shares (Basic) | 30.0M | 27.2M | 25.6M | 25.3M | 25.1M | 24.1M | 22.6M | 18.6M | 12.6M | 11.7M |
| Weighted Avg Shares (Diluted) | 30.0M | 27.2M | 25.6M | 30.9M | 25.1M | 24.1M | 23.9M | 21.1M | 14.5M | 12.9M |
Source: SEC EDGAR XBRL filings (annual, fiscal year). Quarterly flow items are derived from cumulative filings; balance-sheet figures are as-of each period end. Ratios and margins are computed, not reported.
Total return (dividends reinvested) vs the market, from quarter-end prices.
Above 0 = ahead of the S&P 500 since the window start; below 0 = behind. Rising means it's pulling ahead.
How far the stock fell below its prior peak. Deeper, longer drawdowns = a rougher ride to the same return.
Quarter-end, dividend-adjusted (total return). Beta & volatility from quarterly returns (annualized). Benchmark is the S&P 500 (SPY total return). Annual returns compound the quarters ending in each calendar year; the first and last years in a window may be partial. Past performance doesn't predict future results.
EOD close · as of 2026-09-17
Where each multiple sits in its own 9-yr range · 60th pct blended
Dot = today · shaded = middle 50% · line = median. Lower percentile = cheaper vs its own 9-yr history.
Is the profit real, and how strong is the balance sheet?
FY2025 · every deduction from revenue to net income
DuPont — the three levers
Watch the leverage lever — a chunk of ROE comes from the balance sheet.
What the company owes vs. what it holds
Year-by-year maturities aren't in SEC companyfacts (footnote-only), so this shows the debt/cash structure and net leverage instead.
Latest year: profit growth vs revenue growth
Profit and sales moved in opposite directions this year.
Each line as % of revenue — the trend in color
| % of revenue | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Cost of Revenue | 53.0 | 53.7 | 55.1 | 56.4 | 58.4 | 60.7 | 62.6 | 60.9 |
| Gross Profit | 47.0 | 46.3 | 44.9 | 43.6 | 41.6 | 39.3 | 37.4 | 39.1 |
| R&D | 10.2 | 13.5 | 15.9 | 14.2 | 17.1 | 17.3 | 15.8 | 17.6 |
| SG&A | 23.3 | 25.3 | 15.1 | 13.1 | 11.9 | 10.9 | 9.6 | 10.0 |
| Operating Income | 3.3 | -7.6 | -3.9 | -0.5 | -4.2 | -5.9 | -2.7 | -1.9 |
| Income Tax | -5.3 | -7.6 | 4.4 | -0.8 | -0.4 | -0.5 | -0.3 | -0.5 |
| Net Income | 8.8 | 1.1 | -12.8 | -5.6 | 3.4 | -2.7 | -0.9 | -1.7 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on BAND: price, valuation, headline fundamentals, and an auto-generated scorecard from SEC filings. Flags are rule-based signals, not recommendations.
Ranked against 743 sector peers with collected financials. Valuation from latest close × latest fiscal-year fundamentals; 13F conviction as of 2026-03-31.
Percentile is “goodness” within the peer set (100 = best). For valuation and leverage that means cheaper / less-levered ranks higher.
| Company | Mkt cap ▼ | P/E | EV/EBITDA | P/S | Rev gr | Gross | Net | ROE | ROIC | Net D/EBITDA | 13F |
|---|---|---|---|---|---|---|---|---|---|---|---|
| TSM | $10.83T | — | — | — | — | — | — | — | — | — | 3,121 |
| NVDA | $5.20T | 43.6× | 39.0× | 24.1× | 65.5% | 71.1% | 55.6% | 76.3% | 72.4% | 0.1× | 5,582 |
| AAPL | $4.98T | 45.2× | 34.8× | 12.0× | 6.4% | 46.9% | 26.9% | 152% | 68.1% | 0.6× | 5,858 |
| MSFT | $3.64T | 27.3× | 19.3× | 11.0× | 17.8% | 67.9% | 40.3% | 30.2% | 27.7% | 0.2× | 5,944 |
| AVGO | $1.65T | 72.8× | 65.1× | 25.8× | 23.9% | 67.8% | 36.2% | 28.4% | 15.8% | 2.5× | 4,442 |
| MU | $1.04T | 122.1× | 57.5× | 27.8× | 48.9% | 39.8% | 22.8% | 15.8% | 12.9% | 0.7× | 2,894 |
| AMD | $888.5B | 205.7× | 210.2× | 25.6× | 34.3% | 49.5% | 12.5% | 6.9% | 6.5% | 0.8× | 3,059 |
| INTC | $543.3B | — | 67.4× | 10.3× | -0.5% | 34.8% | -0.5% | -0.2% | -0.2% | 5.5× | 2,495 |
| CSCO | $436.6B | 43.2× | 36.6× | 7.7× | 5.3% | 64.9% | 18.0% | 21.7% | 13.6% | 2.3× | 3,560 |
| PLTR | $416.9B | 276.7× | 288.5× | 93.2× | 56.2% | 82.4% | 36.3% | 22.0% | 22.0% | — | 2,883 |
| DELL | $383.6B | 67.8× | 36.1× | 3.4× | 18.8% | 20.0% | 5.2% | -240% | 20.4% | 2.8× | 1,564 |
| LRCX | $341.7B | 64.9× | 54.5× | 18.5× | 23.7% | 48.7% | 29.1% | 54.3% | 37.4% | 0.7× | 2,500 |
| AMAT | $331.0B | 48.2× | 38.1× | 11.7× | 4.4% | 48.7% | 24.7% | 34.3% | 25.9% | 0.8× | 2,826 |
| RPAY | $325.1B | — | — | 1051.3× | -1.2% | 75.0% | -83.0% | -53.0% | -28.2% | -1.7× | 142 |
| UMC | $283.0B | — | — | — | — | — | — | — | — | — | 302 |
| ARM | $281.9B | 311.6× | 242.9× | 57.3× | 22.8% | 97.5% | 18.4% | 10.9% | 10.9% | — | 730 |
| SAP | $261.9B | — | — | — | — | — | — | — | — | — | 794 |
| PANW | $250.9B | 234.8× | 156.8× | 27.2× | 14.9% | 73.4% | 12.3% | 14.5% | 14.5% | — | 2,374 |
| ANET | $250.7B | 72.6× | 63.3× | 27.8× | 28.6% | 64.1% | 39.0% | 28.4% | 28.4% | — | 1,930 |
| TXN | $236.9B | 47.8× | 31.2× | 13.4× | 13.0% | 57.0% | 28.3% | 30.7% | 16.5% | 1.8× | 2,345 |
| CRM | $225.6B | 31.1× | 24.4× | 5.4× | 9.6% | 77.7% | 18.0% | 12.6% | 10.1% | 1.5× | 2,547 |
| IBM | $222.8B | 21.3× | — | 3.3× | 7.6% | 58.2% | 15.7% | 32.4% | 11.3% | — | 3,351 |
| SNDK | $221.9B | — | — | 30.2× | 10.4% | 30.1% | -22.3% | -17.8% | -14.8% | -1.5× | 1,127 |
| QCOM | $198.5B | 36.9× | 14.9× | 4.5× | 13.7% | 55.4% | 12.5% | 26.1% | 15.4% | 1.1× | 2,611 |
| MRVL | $194.6B | 74.8× | 127.2× | 23.8× | 42.1% | 51.0% | 32.6% | 18.7% | 14.2% | 2.9× | 1,477 |
| BAND | $1.5B | — | 77.9× | 2.0× | 0.7% | 39.1% | -1.7% | -3.2% | -2.0% | 11.6× | 151 |
Peers = companies sharing BAND's sector (Technology) with collected SEC financials. Multiples use the most recent end-of-day close and latest fiscal-year fundamentals (trailing, not forward). Missing cells mean the peer never reported that line item, has no collected price, or has a non-positive denominator. Not investment advice.