Intellinetics Financials
This page shows Intellinetics (INLX) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 27 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Higher gross margins are being outweighed by rising overhead, leaving this light-capex business cash-positive but unprofitable.
Gross margin reached66.1% while operating margin fell to-10.8% , which points to an overhead problem rather than weakening delivery economics. That is why a net loss of-$1.9M still became$579K of free cash flow: depreciation and amortization remained meaningfully above capital spending, so the model is light on reinvestment even when reported earnings weaken.
Revenue slipped in FY2025 while SG&A rose to
The balance sheet has been de-risked, with total liabilities down to
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Intellinetics's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Intellinetics has an operating margin of -10.8%, meaning the company retains $-11 of operating profit per $100 of revenue. This below-average margin results in a low score of 23/100, suggesting thin profitability after operating expenses. This is down from -1.0% the prior year.
Intellinetics's revenue declined 8% year-over-year, from $18.0M to $16.6M. This contraction results in a growth score of 29/100.
Intellinetics has a moderate D/E ratio of 0.52. This balance of debt and equity financing earns a leverage score of 59/100.
Intellinetics's current ratio of 1.03 is below the typical benchmark, resulting in a score of 20/100. However, the company holds substantial cash reserves (50% of current liabilities), which buffers actual liquidity risk. Large mature operators often run tight current ratios by design.
Intellinetics has a free cash flow margin of 3.5%, earning a moderate score of 62/100. The company generates positive cash flow after capital investments, but with room for improvement.
Intellinetics generates a -16.4% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 19/100. This is down from -5.1% the prior year.
Intellinetics scores 1.46, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($27.0M) relative to total liabilities ($5.9M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Intellinetics passes 4 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Intellinetics generates $-0.50 in operating cash flow ($934K OCF vs -$1.9M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Intellinetics earns $-21.2 in operating income for every $1 of interest expense (-$1.8M vs $84K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Intellinetics generated $16.6M in revenue in fiscal year 2025. This represents a decrease of 8.0% from the prior year.
Intellinetics's EBITDA was -$543K in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 156.8% from the prior year.
Intellinetics reported -$1.9M in net income in fiscal year 2025. This represents a decrease of 242.9% from the prior year.
Intellinetics earned $-0.44 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 238.5% from the prior year.
Cash & Balance Sheet
Intellinetics generated $579K in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 83.1% from the prior year.
Intellinetics held $2.5M in cash against $0 in long-term debt as of fiscal year 2025.
Intellinetics had 4M shares outstanding in fiscal year 2025. This represents an increase of 5.4% from the prior year.
Margins & Returns
Intellinetics's gross margin was 66.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 3.0 percentage points from the prior year.
Intellinetics's operating margin was -10.8% in fiscal year 2025, reflecting core business profitability. This is down 9.8 percentage points from the prior year.
Intellinetics's net profit margin was -11.3% in fiscal year 2025, showing the share of revenue converted to profit. This is down 8.3 percentage points from the prior year.
Intellinetics's ROE was -16.4% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 11.3 percentage points from the prior year.
Capital Allocation
Intellinetics invested $354K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 19.3% from the prior year.
INLX Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.9M-9.6% | $4.3M+8.1% | $4.0M-0.2% | $4.0M-5.6% | $4.2M-0.8% | $4.3M-6.7% | $4.6M-1.1% | $4.6M |
| Cost of Revenue | $1.4M-4.4% | $1.5M+4.1% | $1.4M+11.6% | $1.3M-9.6% | $1.4M-9.0% | $1.6M-15.4% | $1.8M+12.5% | $1.6M |
| Gross Profit | $2.5M-12.3% | $2.8M+10.2% | $2.6M-5.8% | $2.7M-3.6% | $2.8M+4.0% | $2.7M-1.0% | $2.7M-8.6% | $3.0M |
| R&D Expenses | $169K | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $2.9M+59.7% | $1.8M-11.3% | $2.0M-11.3% | $2.3M-13.1% | $2.6M+45.2% | $1.8M-12.3% | $2.1M+1.4% | $2.0M |
| Operating Income | -$1.2M-446.7% | -$216K+43.0% | -$379K+25.4% | -$508K+25.7% | -$685K-5198.4% | -$13K+95.7% | -$298K-273.3% | $172K |
| Interest Expense | -$5K+43.6% | -$8K+11.9% | -$9K-116.0% | $59K+37.5% | $43K+5.5% | $41K-56.9% | $95K-2.5% | $97K |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | -$1.2M-466.3% | -$208K+43.8% | -$370K+34.9% | -$568K+22.0% | -$728K-1254.8% | -$54K+86.3% | -$393K-623.5% | $75K |
| EPS (Diluted) | $-0.27 | N/A | $-0.08+38.5% | $-0.13+23.5% | $-0.17 | N/A | $-0.09-550.0% | $0.02 |
INLX Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $16.5M-4.9% | $17.3M-3.8% | $18.0M+4.8% | $17.2M-4.5% | $18.0M-3.3% | $18.6M-2.4% | $19.0M+0.9% | $18.9M |
| Current Assets | $4.7M-9.9% | $5.2M-4.9% | $5.5M+19.5% | $4.6M-10.2% | $5.1M-6.4% | $5.5M-0.7% | $5.5M+6.4% | $5.2M |
| Cash & Equivalents | $2.1M-17.9% | $2.5M-21.5% | $3.2M+55.5% | $2.1M-3.1% | $2.1M-14.1% | $2.5M-0.5% | $2.5M+48.9% | $1.7M |
| Inventory | $130K-24.7% | $173K+57.4% | $110K-33.1% | $165K+53.4% | $107K+6.7% | $101K+13.0% | $89K-5.2% | $94K |
| Accounts Receivable | $1.2M-3.5% | $1.2M+30.3% | $951K+23.3% | $772K-44.4% | $1.4M+24.8% | $1.1M-11.7% | $1.3M-13.1% | $1.4M |
| Goodwill | $5.8M0.0% | $5.8M0.0% | $5.8M0.0% | $5.8M0.0% | $5.8M0.0% | $5.8M0.0% | $5.8M0.0% | $5.8M |
| Total Liabilities | $6.0M+1.2% | $5.9M-9.6% | $6.6M+17.1% | $5.6M-26.4% | $7.6M-4.2% | $7.9M-7.5% | $8.6M+0.9% | $8.5M |
| Current Liabilities | $5.2M+3.6% | $5.1M-9.4% | $5.6M+19.2% | $4.7M-27.6% | $6.5M-2.1% | $6.6M+16.0% | $5.7M+22.1% | $4.7M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $10.5M-8.0% | $11.4M-0.5% | $11.4M-1.1% | $11.6M+11.6% | $10.4M-2.6% | $10.6M+1.8% | $10.4M+0.9% | $10.3M |
| Retained Earnings | -$24.7M-5.0% | -$23.5M-0.9% | -$23.3M-1.6% | -$22.9M-2.5% | -$22.4M-3.4% | -$21.6M-0.2% | -$21.6M-1.9% | -$21.2M |
INLX Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$228K+56.9% | -$530K-139.2% | $1.4M+868.1% | $140K+615.9% | -$27K-119.9% | $136K-93.0% | $1.9M+64.3% | $1.2M |
| Capital Expenditures | $25K+21.3% | $21K-71.0% | $71K-49.8% | $142K+17.0% | $121K+161.9% | $46K-75.9% | $192K+5.4% | $182K |
| Free Cash Flow | -$253K+54.0% | -$550K-143.0% | $1.3M+61674.3% | -$2K+98.6% | -$148K-264.6% | $90K-94.8% | $1.7M+75.1% | $994K |
| Investing Cash Flow | -$204K-39.4% | -$146K+29.1% | -$206K+16.9% | -$248K-10.7% | -$224K-69.1% | -$132K+55.4% | -$297K-9.5% | -$271K |
| Financing Cash Flow | -$20K-11.8% | -$18K-427.6% | $5K-86.8% | $42K+141.6% | -$100K-513.7% | -$16K+98.0% | -$816K-99.0% | -$410K |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
INLX Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 63.5%-2.0pp | 65.5%+1.3pp | 64.2%-3.8pp | 68.0%+1.4pp | 66.6%+3.0pp | 63.5%+3.7pp | 59.8%-4.9pp | 64.7% |
| Operating Margin | -30.3%-25.3pp | -5.0%+4.5pp | -9.5%+3.2pp | -12.7%+3.4pp | -16.1%-15.8pp | -0.3%+6.2pp | -6.5%-10.2pp | 3.7% |
| Net Margin | -30.1%-25.3pp | -4.8%+4.4pp | -9.2%+4.9pp | -14.1%+3.0pp | -17.1%-15.9pp | -1.3%+7.3pp | -8.6%-10.2pp | 1.6% |
| Return on Equity | -11.3%-9.4pp | -1.8%+1.4pp | -3.2%+1.7pp | -4.9%+2.1pp | -7.0%-6.5pp | -0.5%+3.3pp | -3.8%-4.5pp | 0.7% |
| Return on Assets | -7.2%-6.0pp | -1.2%+0.9pp | -2.1%+1.2pp | -3.3%+0.7pp | -4.0%-3.8pp | -0.3%+1.8pp | -2.1%-2.5pp | 0.4% |
| Current Ratio | 0.90-0.1 | 1.03+0.0 | 0.990.0 | 0.98+0.2 | 0.79-0.0 | 0.83-0.1 | 0.97-0.1 | 1.11 |
| Debt-to-Equity | 0.57+0.1 | 0.52-0.1 | 0.57+0.1 | 0.48-0.3 | 0.73-0.0 | 0.75-0.1 | 0.820.0 | 0.82 |
| FCF Margin | -6.5%+6.3pp | -12.7%-44.7pp | 32.0%+32.0pp | -0.1%+3.4pp | -3.5%-5.6pp | 2.1%-35.8pp | 37.9%+16.5pp | 21.4% |
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Frequently Asked Questions
What is Intellinetics's annual revenue?
Intellinetics (INLX) reported $16.6M in total revenue for fiscal year 2025. This represents a -8.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Intellinetics's revenue growing?
Intellinetics (INLX) revenue declined by 8% year-over-year, from $18.0M to $16.6M in fiscal year 2025.
Is Intellinetics profitable?
No, Intellinetics (INLX) reported a net income of -$1.9M in fiscal year 2025, with a net profit margin of -11.3%.
What is Intellinetics's EBITDA?
Intellinetics (INLX) had EBITDA of -$543K in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Intellinetics's gross margin?
Intellinetics (INLX) had a gross margin of 66.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Intellinetics's operating margin?
Intellinetics (INLX) had an operating margin of -10.8% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Intellinetics's net profit margin?
Intellinetics (INLX) had a net profit margin of -11.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Intellinetics's return on equity (ROE)?
Intellinetics (INLX) has a return on equity of -16.4% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Intellinetics's free cash flow?
Intellinetics (INLX) generated $579K in free cash flow during fiscal year 2025. This represents a -83.1% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Intellinetics's operating cash flow?
Intellinetics (INLX) generated $934K in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Intellinetics's total assets?
Intellinetics (INLX) had $17.3M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Intellinetics's capital expenditures?
Intellinetics (INLX) invested $354K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Intellinetics's current ratio?
Intellinetics (INLX) had a current ratio of 1.03 as of fiscal year 2025, which is considered adequate.
What is Intellinetics's debt-to-equity ratio?
Intellinetics (INLX) had a debt-to-equity ratio of 0.52 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Intellinetics's return on assets (ROA)?
Intellinetics (INLX) had a return on assets of -10.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Intellinetics's Altman Z-Score?
Intellinetics (INLX) has an Altman Z-Score of 1.46, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Intellinetics's Piotroski F-Score?
Intellinetics (INLX) has a Piotroski F-Score of 4 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Intellinetics's earnings high quality?
Intellinetics (INLX) has an earnings quality ratio of -0.50x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Intellinetics cover its interest payments?
Intellinetics (INLX) has an interest coverage ratio of -21.2x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Intellinetics?
Intellinetics (INLX) scores 35 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.