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Intellinetics, Inc. (INLX) stock

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NYSE: INLX NYSE Application Software Next results ~November 11, 2026

C Fundamentals grade

Intellinetics, Inc. is a US-listed company in the application software industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$2.7

Cash-flow model

Base case. Range ~$2.1–$3.5 across our lower- and higher-growth cases (-3%–7% a year).

Price vs value

Overvalued

The price is above our entire value range; our base value is 34% below it.

Price used: $4.08, November 2, 2026

Intellinetics, Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders2 buying, 2 selling14 purchases and 4 sales by directors and officers, last 12 monthsInsider trades
  • Funds5 adding, 3 cuttingOf 0 active managers that changed their stake, 0 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Intellinetics files

Where Intellinetics stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $16m, down 5.5% on a year earlier, a smaller fall than the 8.5% decline a quarter earlier. That puts it 117 of 124 for growth among the application software companies we cover. Free-cash-flow margin fell to 2.9% from 9.8% a year earlier. Operating margin narrowed to -17.7% from -8.8%. The diluted share count is up 6.4% on a year earlier, which dilutes existing holders. Against its peers on growth, profitability, cash generation and balance sheet, it grades C. It passes 2 of our 3 financial-health checks. Our cash-flow model value is $2.70 a share, against a share price of $4.22. At that price, our model says the market is pricing in about 10.9% a year of cash-flow growth for five years, faster than the 7.1% a year revenue growth it has delivered.

Source: 10-Q filed August 12, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 11, 2026 (estimated)

Intellinetics, Inc.'s trailing-twelve-month revenue fell 5.5% year on year, with a free-cash-flow margin of 2.9%. Where it stands out: days sales outstanding of 16 days ranks 21 of 162 application software companies we cover. Where it lags: revenue growth of -5.5% ranks 166 of 184 application software companies we cover.

Our discounted-cash-flow model values the business at ~$2.7 per share in the base case (~$2.1–$3.5 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Results well ahead of expectations: Reported earnings per share beat the analysts' consensus estimate by 38% in the quarter to 2025-12-31, the 3rd beat in the last four quarters.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Net cash. Cash exceeds long-term debt by $0.0bn.

Things to watch

  • Results due soon. Results are expected around 11 November; the share price can move sharply on the day.
  • Priced above our value. The share price of $4.08 is 34% above our value per share of $3.
  • Revenue shrinking. Revenue fell 5.5% over the last 12 months.
  • Loss-making. Operating margin is -17.7%: costs exceed revenue.
  • Margins narrowing. Operating margin is down 8.9 points on a year ago.
  • Share dilution. Diluted shares rose 6.4% in a year.

Latest results: FY2026 Q2

Filed August 12, 2026
Earnings per share
-$0.05 against an average estimate of -$0.08: beat by 37.5%
Revenue
$4m, down 1.6% on a year earlier
Share reaction
0.0% in the first session after the results on August 12, 2026, against +0.9% for the S&P 500

Intellinetics' figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+1.0%
  • 1 week-0.5%
  • 1 month-19.2%
  • This year-48.9%
  • 1 year-56.8%
  • 5 years-25.8%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$16.2M
Operating margin
-17.7%
Net margin
-17.6%
EPS (TTM, diluted)
$-0.65

Growth

Revenue growth
−5.5%
Change in growth rate
+3.0 pts
Share count change
+6.4%

Cash

Free cash flow (TTM)
$467,940
FCF margin
2.9%
Stock pay % of revenue
7.7%

Earnings

Last results
August 12, 2026
Next results (est.)
November 11, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Leadership
  2. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Intellinetics, Inc. valuation models and calculator

What the price is pricing in

The share price implies about 10.3% a year of cash-flow growth for five years.That is close to the 7.1% a year revenue growth Intellinetics has delivered.

  • Priced in10.3%
  • Last 12 months-5.5%
  • 3 years a year-0.3%
  • 5 years a year7.1%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($4.08, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Sell12-month view
12-month price target
~$2.7
Price used
$4.08close November 3, 2026
Implied change
▼ 34%
Uncertainty
Medium

How we got here: a discounted-cash-flow model of Intellinetics, Inc.'s free cash flow after stock-based pay with after-tax interest added back ($623,473, FY2026 Q2 TTM), growing 2% a year for five years and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$2.1–~$3.4 ; that spread sets a 25% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of Intellinetics, Inc.'s free cash flow after stock-based pay ( $623,473, FY2026 Q2 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value Intellinetics, Inc. as an operating company, with every model that fits that kind of business. Cost of equity 8.3%: the 10-year Treasury yield (4.9%) plus a beta of 0.76 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$2.7 ~$2.1–$3.5 Primary model, counts double
Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. — Does not apply: no positive earnings in the latest twelve months
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. — Does not apply: the model gives no positive value
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: return on equity is not positive
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$2.7 ~$2.1–$3.5 1 model

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Intellinetics, Inc. with Application Software in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

What moves the value

  • Revenue growth 5 points lower ▼ −21%
  • Revenue growth 5 points higher ▲ +27%
  • Free-cash-flow margin 1 point lower ▼ −28%
  • Last year's free-cash-flow margin change, if it persists ▼ −66%
  • Discount rate 1 point higher ▼ −12%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $2$3$4$5$7$9
8.5% $2$2$3$4$5$7
10% $2$2$3$3$4$5

Valuation multiples over time Market data may be delayed

At fiscal year end 20152016201720182019202020212022202320242025Now
Share price$45.00$45.00$9.00$5.00$3.50$4.71$7.56$4.27$5.06$13.75$7.98$4.08
Market value$6m$15m$3m$2m$1m$11m$23m$18m$24m$58m$34m$18m
+ Net debt (− = net cash)$0$0$0$0$6m$2m$247370$2m−$605849−$2m$0$0
Enterprise value$6m$15m$3m$2m$8m$13m$24m$20m$23m$55m$34m$18m
Multiples
Price / sales 2.8x5.8x1.2x0.7x0.5x1.4x2.0x1.3x1.4x3.2x2.1x1.1x
Price / earnings ——————17.3xn/m45.3x———
Price / free cash flow —————n/m28.0x10.3x35.0x16.9x59.2x38.2x
EV / EBITDA ——————17.2x12.9x11.0x57.9x——

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

27 /100

Weak moat

How hard Intellinetics's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 0 / 20

    Cash operating profit has been a median -4.3% of total assets over 10 years.

  • Pricing power 18 / 20

    Gross margin has been a median 64.9%, moving by 4.3 percentage points (standard deviation) across 10 years.

  • Durability 10 / 20

    Operating margin has been a median -13.3%; its worst year was -69.8%.

  • Cash conversion 8 / 20

    Free cash flow was positive in 6 of 10 years, at a median 3.3% of revenue.

  • Discipline 7 / 20

    The diluted share count rose 48.2% over five years; stock-based pay has been a median 4.5% of revenue.

AI disruption exposure: High. In this industry, the core product is information work that AI systems increasingly perform. The score above includes a 15-point deduction for that exposure (42 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

No analyst estimates are published for Intellinetics, Inc.: too few analysts cover it.

Earnings against estimates

Quarter toEstimateActualSurprise
Dec 2025 −$0.08 −$0.05 +37.5%
Sept 2025 −$0.10 −$0.08 +20.0%
Jun 2025 −$0.16 −$0.13 +18.8%
Mar 2025 −$0.09 −$0.17 −88.9%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, August 12, 2026

No numeric guidance in Intellinetics, Inc.'s latest earnings release (filed August 12, 2026). Some companies give their outlook only on the earnings call.

Positioning

Short interest
0.2%
of tradable shares
Days to cover
0.32
at average volume
Short interest, 1 month
+135%
to October 15, 2026
Held by institutions
11%
of shares
Held by insiders
38.1%
of shares
Employees
129
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months −56.8%

$9.45 on October 31, 2025 to $4.08

ThenNowEffect
Revenue (last 12 months) $17m $16m −5.5%
P/S multiple 2.3x 1.1x −51.4%
Share count 4m 4m −6.1%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

Last 3 years −0.7%

$4.11 on November 3, 2023 to $4.08

ThenNowEffect
Revenue (last 12 months) $16m $16m −1.0%
P/S multiple 1.2x 1.1x −6.2%
Share count 5m 4m +6.8%

Biggest factor: share count. Loss-making at one end, so the split uses price/sales.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
INLX+61%−44%+19%+172%−42%−49%
Industry peers (median)−8%−50%+19%+2%−20%−14%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
INLX50%33%33%75%33%27%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
INLX−39%−58%−28%−42%−48%−52%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 100% from April 8, 2016 to March 30, 2020. Getting back needed a 81150% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$4.04 – $9.34
From 52-week high
−56.3%
vs 50-day average
−18.8%
vs 200-day average
−35.9%
Volatility (1 year)
61%
Beta vs S&P 500
-0.01

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
3 up, 9 down
typical move ±8.5%
After a week
6 up, 6 down
typical move ±7.0%
After a month
4 up, 8 down
typical move ±10.3%
Results releasedNext dayS&P 500 next day5 days21 days
August 12, 2026 0.0% +0.9% +2.3% −1.4%
May 14, 2026 −13.1% −0.4% −14.0% −30.7%
March 30, 2026 +2.8% +2.6% +9.7% −2.2%
November 12, 2025 −2.4% −1.6% −2.7% −7.9%
August 13, 2025 −7.8% +0.4% −13.1% +19.2%
May 13, 2025 −9.0% +0.8% −2.8% −9.9%
March 24, 2025 +8.1% +2.0% +11.8% +20.5%
November 13, 2024 −10.4% −0.6% +2.2% −0.6%
August 13, 2024 −6.3% +2.0% +0.6% +4.1%
May 14, 2024 +12.6% +1.7% +4.4% +2.6%
March 28, 2024 −27.1% −0.2% −17.6% −18.8%
November 14, 2023 −1.9% +2.2% −2.6% −5.5%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Intellinetics, Inc. in five measures

Fundamentals grade C
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Intellinetics, Inc.
$16M $16.5M $17M $17.5M $18M $18.5M FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $16.7M Revenue (TTM), FY23 Q4: $16.9M Revenue (TTM), FY24 Q1: $17.2M Revenue (TTM), FY24 Q2: $17.6M Revenue (TTM), FY24 Q3: $17.9M Revenue (TTM), FY24 Q4: $18M Revenue (TTM), FY25 Q1: $17.8M Revenue (TTM), FY25 Q2: $17.1M Revenue (TTM), FY25 Q3: $16.5M Revenue (TTM), FY25 Q4: $16.6M Revenue (TTM), FY26 Q1: $16.2M Revenue (TTM), FY26 Q2: $16.2M $16.2M

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $16.7M
FY23 Q4 $16.9M
FY24 Q1 $17.2M
FY24 Q2 $17.6M
FY24 Q3 $17.9M
FY24 Q4 $18M
FY25 Q1 $17.8M
FY25 Q2 $17.1M
FY25 Q3 $16.5M
FY25 Q4 $16.6M
FY26 Q1 $16.2M
FY26 Q2 $16.2M
Revenue growth, TTM YoY Intellinetics, Inc.
-20% 0% 20% 40% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: 31.5% Revenue growth, TTM YoY, FY23 Q4: 20.5% Revenue growth, TTM YoY, FY24 Q1: 11.0% Revenue growth, TTM YoY, FY24 Q2: 7.6% Revenue growth, TTM YoY, FY24 Q3: 7.2% Revenue growth, TTM YoY, FY24 Q4: 6.7% Revenue growth, TTM YoY, FY25 Q1: 3.2% Revenue growth, TTM YoY, FY25 Q2: -2.6% Revenue growth, TTM YoY, FY25 Q3: -7.8% Revenue growth, TTM YoY, FY25 Q4: -8.0% Revenue growth, TTM YoY, FY26 Q1: -8.5% Revenue growth, TTM YoY, FY26 Q2: -5.5% -5.5%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 31.5%
FY23 Q4 20.5%
FY24 Q1 11.0%
FY24 Q2 7.6%
FY24 Q3 7.2%
FY24 Q4 6.7%
FY25 Q1 3.2%
FY25 Q2 -2.6%
FY25 Q3 -7.8%
FY25 Q4 -8.0%
FY26 Q1 -8.5%
FY26 Q2 -5.5%
Operating margin (TTM) Intellinetics, Inc.
-20% -10% 0% 10% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Operating margin (TTM), FY23 Q3: 8.0% Operating margin (TTM), FY23 Q4: 6.6% Operating margin (TTM), FY24 Q1: 4.6% Operating margin (TTM), FY24 Q2: 3.8% Operating margin (TTM), FY24 Q3: 0.1% Operating margin (TTM), FY24 Q4: -1.0% Operating margin (TTM), FY25 Q1: -4.6% Operating margin (TTM), FY25 Q2: -8.8% Operating margin (TTM), FY25 Q3: -9.6% Operating margin (TTM), FY25 Q4: -10.8% Operating margin (TTM), FY26 Q1: -14.1% Operating margin (TTM), FY26 Q2: -17.7% -17.7%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q3 8.0%
FY23 Q4 6.6%
FY24 Q1 4.6%
FY24 Q2 3.8%
FY24 Q3 0.1%
FY24 Q4 -1.0%
FY25 Q1 -4.6%
FY25 Q2 -8.8%
FY25 Q3 -9.6%
FY25 Q4 -10.8%
FY26 Q1 -14.1%
FY26 Q2 -17.7%
FCF margin (TTM) Intellinetics, Inc.
0% 5% 10% 15% 20% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: 6.3% FCF margin (TTM), FY23 Q4: 4.0% FCF margin (TTM), FY24 Q1: 8.5% FCF margin (TTM), FY24 Q2: 15.0% FCF margin (TTM), FY24 Q3: 16.5% FCF margin (TTM), FY24 Q4: 19.0% FCF margin (TTM), FY25 Q1: 15.1% FCF margin (TTM), FY25 Q2: 9.8% FCF margin (TTM), FY25 Q3: 7.4% FCF margin (TTM), FY25 Q4: 3.5% FCF margin (TTM), FY26 Q1: 2.9% FCF margin (TTM), FY26 Q2: 2.9% 2.9%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 6.3%
FY23 Q4 4.0%
FY24 Q1 8.5%
FY24 Q2 15.0%
FY24 Q3 16.5%
FY24 Q4 19.0%
FY25 Q1 15.1%
FY25 Q2 9.8%
FY25 Q3 7.4%
FY25 Q4 3.5%
FY26 Q1 2.9%
FY26 Q2 2.9%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q, 10-Q/A. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2010 Dec 2010 2011 Dec 2011 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 0 2 3 2 1 2 3 3 2 3 8 11 14 17 18 17 16
Gross profit — 1 2 1 1 2 2 2 2 2 5 7 9 11 11 11 11
EBITDA — −1 −2 −2 −1 −2 −1 −1 −1 −1 −2 1 2 2 1 −1 −2
Operating income −0 −1 −2 −2 −1 −2 −1 −1 −1 −1 −2 1 1 1 −0 −2 −3
Net income −0 −1 −2 −2 −2 −4 −2 −1 −2 −2 −2 1 0 1 −1 −2 −3
Diluted EPS $0.00 −$21.00 −$3.00 −$16.50 −$12.00 −$27.50 −$4.50 −$4.00 −$6.60 −$5.76 −$0.91 $0.44 $0.01 $0.11 −$0.13 −$0.44 −$0.65
Growth (year on year)
Revenue — — +58.5% −43.2% −4.4% +57.3% +11.3% +0.7% −9.1% +6.5% +225.5% +38.9% +22.3% +20.5% +6.7% −8.0% −5.5%
EBITDA — — — — — — — — — — — — +12.4% +34.4% −54.1% −156.8% —
Operating income — — — — — — — — — — — — −14.3% +33.9% −115.7% — —
Net income — — — — — — — — — — — — −98.2% — −205.2% — —
Diluted EPS — — — — — — — — — — — — −97.7% — −218.2% — —
Margins
Gross margin — 52.2% 64.1% 62.3% 79.7% 76.6% 72.7% 71.0% 68.8% 77.6% 60.5% 60.6% 63.6% 62.6% 63.1% 66.0% 65.2%
EBITDA margin — −71.0% −60.1% −125.1% −92.4% −66.1% −52.3% −44.4% −61.5% −45.1% −21.1% 12.0% 11.1% 12.3% 5.3% −3.3% −10.2%
Operating margin — −73.3% −61.1% −126.8% −94.1% −66.6% −52.7% −44.8% −61.9% −45.5% −24.7% 8.4% 5.9% 6.6% −1.0% −10.8% −17.7%
Net margin — −83.4% −72.6% −137.7% −111.0% −167.8% −60.7% −52.1% −98.3% −84.1% −26.7% 11.8% 0.2% 3.1% −3.0% −11.3% −17.6%
Free-cash-flow margin — −55.0% −43.9% −159.7% −70.3% −26.8% −48.7% −43.3% −48.7% −38.9% 0.6% 7.3% 12.8% 4.0% 19.0% 3.5% 2.9%
Cash flow
Cash from operations −0 −1 −1 −2 −1 −1 −1 −1 −1 −1 0 1 2 1 4 1 1
Capital spending 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0
Free cash flow −0 −1 −1 −2 −1 −1 −1 −1 −1 −1 0 1 2 1 3 1 0
Stock-based pay — 0 0 0 0 0 — — — — — 0 0 0 1 1 1
Free cash flow after stock pay — −1 −1 −2 −1 −1 — — — — — 1 1 0 2 −1 −1
Balance sheet
Cash 0 0 — — — — — — — 0 2 2 3 1 2 — —
Total debt 0 3 3 2 3 2 1 3 4 7 3 2 4 1 0 0 0
Net debt (negative = net cash) −0 3 — — — — — — — 6 2 0 2 −1 −2 — —
Diluted shares — — — — — — — — — — 2m 3m 4m 5m 4m 4m 4m

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

2 of 3 checks passed · June 30, 2026
What it owns · $16m
Short-term assets $4mLonger-term assets $12m
What it owes, and who funded it · $16m
Short-term liabilities $5mLonger-term liabilities $1mShareholders' equity $10m
  • Short-term assets cover short-term liabilities $4m of assets due within a year against $5m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $4m short-term assets against $710,184 of longer-dated liabilities.
  • More cash than debt Cash or debt not separately reported. Not assessable.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
  • Operating profit covers interest at least five times over Operating income of −$3m against −$26,412 of interest.

From Intellinetics, Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Diluted share count
+6.4%
year over year
Days sales outstanding
16 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in application software
Last 12 months unless stated INLX AWRE BLIN SMSI MF SAGT Median
Revenue, last 12 months $16m $16m $16m $17m $15m $18m $482m
Revenue growth, last 12 months −5.5% −9.8% 1.6% −9.5% −49.9% 59.1% 12.0%
Revenue growth, 3-year average −0.3% −4.3% −1.4% −27.5% — — 11.1%
Revenue growth, latest quarter −1.6% −13.9% 2.0% −1.8% — — 11.9%
Gross margin 65.2% 88.8% 65.2% 77.5% −0.5% 22.7% 69.2%
Operating margin −17.7% −55.8% −9.9% −86.4% −98.2% — 1.1%
Operating margin, 3-year average −7.6% −48.0% −29.8% −135.0% — — −0.8%
Net margin −17.6% −52.6% −8.6% −92.6% −222.9% 9.1% 2.1%
Cash from operations / revenue 3.9% −37.1% −1.7% −53.1% −14.5% 21.4% 18.2%
Free-cash-flow margin 2.9% −37.8% −2.0% −53.8% −14.5% −16.4% 15.0%
Free-cash-flow margin, 3-year average 9.2% −39.5% −4.2% −52.0% — — 16.2%
Stock pay / revenue 7.7% 7.0% 2.7% 12.9% 78.6% 3.2% 9.3%
Change in share count 6.4% 1.0% 11.7% 34.9% 362.2% 81.9% 2.2%

Median of all 185 companies we cover in application software. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

185 application software companies
Measure Company Peer median Rank
Revenue growth Growth -5.5% 12.0% 166 of 184
Change in growth rate Growth +3.0pp +0.2pp 42 of 184
Gross margin Profitability 65.2% 69.8% 93 of 160
Operating margin Profitability -17.7% 1.1% 131 of 181
Net margin Profitability -17.6% 2.1% 133 of 185
Free-cash-flow margin Cash generation 2.9% 15.2% 123 of 180
Stock pay as % of revenue Cash generation 7.7% 9.3% 72 of 177
Change in share count Balance sheet 6.4% 1.7% 115 of 163
Days sales outstanding Balance sheet 16 days 57 days 21 of 162

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Segments
Line of business Revenue Share YoY
Document Services $8.6M 51.7% ▼ 18.3%
Software $8M 48.3% ▲ 6.5%
Products and services
Line of business Revenue Share YoY
Professional Services $8.1M 49.1% ▼ 18.7%
Software As A Service $6.3M 38.2% ▲ 11.3%
Software Maintenance Services $1.3M 7.7% ▼ 9.0%
Storage and Retrieval Services $827,792 5.0% ▼ 8.1%

From Intellinetics, Inc.'s 10-K filed March 30, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$2.6M
Institutions reporting
9
Shares held vs prior quarter
▲ 2.1%
Positions opened / closed
1 / 1

Top buyers and sellers, Q2 2026: 5 institutions bought and 3 sold ; the biggest buyer was Vanguard Capital Management LLC (+20K shares) and the biggest seller Essex Financial Services, Inc (−11K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Bard Associates Inc $1.8M 333K 70.6% ▲ 0.3%
Vanguard Capital Management LLC $402,551 73K 15.5% ▲ 38.8%
Geode Capital Management, LLC $146,492 27K 5.6% ▼ 6.5%
Vanguard Fiduciary Trust Co $95,849 17K 3.7% 0.0%
Cetera Investment Advisers $61,617 11K 2.4% 0.0%
Blackrock, Inc. $50,369 9K 1.9% ▲ 11.8%
Tower Research Capital LLC (TRC) $4,966 1K 0.2% ▲ 118.6%
Northwestern Mutual Wealth Management Co $732 0K 0.0% New
UBS Group AG $6 0K 0.0% ▼ 99.6%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Intellinetics, Inc.'s complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $42,459 14 trades by 2 insiders, last 12 months Insider sales History → $56,553 4 trades by 2 insiders · 0% under pre-set plans
Net ▼ $14,094 net selling
Insider Date Trade Shares Price Value
Taglich Robert 10% owner October 6, 2026 Buy 4,000 $5.00 $20,000
Seid Paul Director October 1, 2026 Buy 162 $5.15 $834
Seid Paul Director September 30, 2026 Buy 29 $5.15 $149
Seid Paul Director September 28, 2026 Buy 155 $5.15 $798
Seid Paul Director September 25, 2026 Buy 917 $5.15 $4,723
Seid Paul Director September 24, 2026 Buy 1 $5.10 $5
Seid Paul Director September 24, 2026 Buy 170 $5.15 $876
Seid Paul Director September 17, 2026 Buy 27 $5.10 $138
Seid Paul Director September 16, 2026 Buy 689 $5.10 $3,514
Seid Paul Director September 15, 2026 Buy 128 $5.10 $653
Seid Paul Director September 15, 2026 Buy 191 $5.25 $1,003
Seid Paul Director September 14, 2026 Buy 809 $5.25 $4,247

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around November 11, 2026 estimated from the company's past filing pattern, not announced

  • August 12, 2026
  • May 14, 2026
  • March 30, 2026
  • November 12, 2025
  • August 13, 2025
  • May 13, 2025

Recent SEC filings

Data status

When each part of this page on Intellinetics, Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Intellinetics, Inc. in brief

What does Intellinetics, Inc. do?
Intellinetics, Inc. is a US-listed company in the application software industry. Its financial year ends in December.
What is Intellinetics, Inc.'s stock ticker?
Intellinetics, Inc. trades under the ticker INLX on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Intellinetics, Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Intellinetics, Inc. reported revenue of $16.2M, 5.5% lower than a year earlier, according to its SEC filings.
What is Intellinetics, Inc.'s free cash flow?
Intellinetics, Inc.'s free-cash-flow margin is 2.9% of revenue over the trailing twelve months, ranking 123 of the 180 application software companies we cover.
What is Intellinetics, Inc.'s fair value (intrinsic value) per share?
Our discounted-cash-flow model of Intellinetics, Inc.'s free cash flow after stock-based pay gives ~$2.7 per share in the base case, and ~$2.1–$3.5 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are Intellinetics, Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Bard Associates Inc, Vanguard Capital Management LLC and Geode Capital Management, LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is Intellinetics, Inc.'s market cap?
On November 2, 2026, Intellinetics, Inc.'s market capitalisation was about $17.9M and net debt of $0. Market figures come from third-party market data and may be delayed.
Who are Intellinetics, Inc.'s competitors?
In our Application Software peer group, the companies closest to Intellinetics, Inc. are Aware Inc, Bridgeline Digital, Inc., Smith Micro Software, Inc., Mindforge Inc. and Sagtec Global Ltd. The side-by-side comparison below sets their revenue, margins and growth against Intellinetics, Inc.'s.
Are insiders buying or selling Intellinetics, Inc. stock?
Over the last 12 months, Intellinetics, Inc.'s directors and officers reported 14 open-market purchases and 4 sales on Form 4. The insider trading page charts every trade.
When is Intellinetics, Inc.'s next earnings date?
Around November 11, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Intellinetics, Inc. announces its own schedule.