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Insufficient data to determine institutional momentum.
Data as of Q2 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.
Top 4 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
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 -$179K 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 3 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 3 fiscal years. "Return on reinvestment" is a rough proxy — operating-income change ÷ cumulative CapEx + M&A — and includes maintenance capex. Educational — not a recommendation.
EOD close · as of 2026-10-13
How a revenue dollar becomes profit — FY2025
Dividends and buybacks are cash paid out, shown here against the same year's profit for scale — not funded from it.
Each value shows its share of revenue below it (common-size).
| Line Item | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Revenue | $6.2M 100.0% | $5.9M 100.0% | $6.3M 100.0% |
| Cost of Revenue | $3.4M 53.8% | $3.3M 56.5% | $3.5M 55.2% |
| Gross Profit | $2.9M 46.2% | $2.6M 43.5% | $2.8M 44.8% |
| Selling, General & Admin | $3.2M 51.9% | $1.5M 26.2% | $1.7M 27.7% |
| Total Operating Expenses | $2.8M 44.6% | $1.6M 28.0% | $1.8M 28.9% |
| Operating Income | $97K 1.6% | $912K 15.5% | $995K 15.9% |
| Interest Expense | $56K 0.9% | $44K 0.8% | $42K 0.7% |
| Other Income (Expense), net | $91K 1.5% | $47K 0.8% | -$32K -0.5% |
| Pretax Income | $188K 3.0% | $958K 16.3% | $964K 15.4% |
| Income Tax Expense | $55K 0.9% | $138K 2.3% | $157K 2.5% |
| Net Income | $133K 2.1% | $820K 13.9% | $806K 12.9% |
| Per Share | |||
| EPS (Basic) | $0.01 | $0.07 | $0.07 |
| EPS (Diluted) | $0.01 | $0.07 | $0.07 |
| Weighted Avg Shares (Basic) | 11.5M | 11.3M | 11.3M |
| Weighted Avg Shares (Diluted) | 11.5M | 11.3M | 11.3M |
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.
EOD close · as of 2026-10-13
Is the profit real, and how strong is the balance sheet?
FY2025 · every deduction from revenue to net income
DuPont — the three levers
ROE 2% against ROIC 2% — 0% of the return on equity comes from leverage and buybacks rather than from the operating business.
What the company owes vs. what it holds
This shows debt/cash structure and net leverage. The year-by-year maturity schedule is on the Debt & Leverage tab.
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 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Cost of Revenue | 55.2 | 56.5 | 53.8 |
| Gross Profit | 44.8 | 43.5 | 46.2 |
| SG&A | 27.7 | 26.2 | 51.9 |
| Operating Income | 15.9 | 15.5 | 1.6 |
| Income Tax | 2.5 | 2.3 | 0.9 |
| Net Income | 12.9 | 13.9 | 2.1 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on ANPA: price, valuation and headline fundamentals from SEC filings. The four questions at the top of the page are where the judgements live.
Solve the discounted cash flow backwards, then stress-test the assumptions.
This company doesn't have positive free cash flow on any basis, so a reverse DCF can't be run.
How much the company owes, how it's trended, and how comfortably it's serviced.
Insufficient EBITDA/debt history.
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Thin coverage — earnings barely cover interest.
Cash vs short-term debt unavailable.
Short-term / long-term split not separately reported.
Debt, cash, interest and equity from the SEC balance sheet & income statement. Effective rate = interest ÷ average debt. Educational — not a recommendation.
Ranked against 19 sector peers with collected financials. Valuation from latest close × latest fiscal-year fundamentals; 13F conviction as of 2026-06-30.
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ARLO | $1.3B | 86.2× | 115.2× | 2.5× | 3.6% | 44.0% | 2.8% | 11.7% | 11.7% | -14.6× | 251 |
| RDWR | $1.2B | 65.2× | 49.0× | 4.1× | 9.8% | 80.7% | 6.7% | 5.8% | 5.8% | -4.5× | 133 |
| DFIN | $1.2B | 43.6× | 9.4× | 1.6× | -1.9% | — | 4.2% | 8.5% | 5.9% | 1.0× | 236 |
| AHG | $1.2B | 135.9× | — | 84.2× | -6.4% | -0.1% | -135% | -10.3% | -10.3% | — | 11 |
| RSKD | $1.1B | — | — | 3.2× | 5.2% | 51.7% | -8.0% | -9.4% | -9.4% | — | 107 |
| QNST | $902M | 11.3× | 21.8× | 0.7× | 18.3% | 11.3% | 6.3% | 25.1% | 20.7% | -1.5× | 208 |
| PAYS | $874M | 119.1× | 54.9× | 10.7× | 40.5% | 59.4% | 9.2% | 15.6% | 13.4% | -0.8× | 131 |
| CASS | $686M | 20.6× | — | 3.6× | 5.3% | — | 18.4% | 14.5% | 14.5% | — | 168 |
| PHR | $667M | 268.8× | 24.3× | 1.4× | 14.5% | — | 0.5% | 0.7% | 0.7% | -2.5× | 224 |
| PRTH | $644M | 11.5× | 7.9× | 0.7× | 8.3% | — | 5.8% | -55.5% | 5.9% | 4.7× | 131 |
| MAX | $555M | 26.9× | 29.5× | 0.5× | 28.8% | 15.0% | 2.3% | 616% | 16.3% | 4.8× | 151 |
| RMNI | $382M | 10.5× | 5.2× | 0.9× | -1.7% | 60.4% | 8.8% | -137% | 92.4% | -0.8× | 116 |
| IMXI | $328M | 10.1× | 4.9× | 0.5× | -7.7% | — | 5.4% | 20.3% | 9.2% | 0.4× | 156 |
| FVRR | $309M | 15.4× | 13.6× | 0.7× | 10.1% | 81.6% | 4.9% | 5.1% | 5.1% | -9.3× | 145 |
| PSFE | $300M | — | 7.7× | 0.2× | -0.2% | 56.4% | -10.7% | -27.9% | -5.6% | 6.8× | — |
| ALIT | $243M | — | — | 0.1× | -3.0% | 33.8% | -137% | -297% | -102% | — | 186 |
| CNDT | $240M | — | — | 0.1× | -9.4% | 18.1% | -5.6% | -24.8% | -12.4% | — | 187 |
| DHX | $215M | — | 84.2× | 1.7× | -9.9% | 84.7% | -10.6% | -14.3% | -10.9% | 9.4× | 76 |
| OPRX | $159M | 31.2× | 13.7× | 1.4× | 18.8% | 67.3% | 4.7% | 4.0% | 3.3% | 0.2× | 111 |
| ANPA | $28M | 161.7× | 173.1× | 4.5× | 6.2% | 46.2% | 2.1% | 2.4% | 2.4% | — | 4 |
Peers = companies sharing ANPA's sector (Services-Miscellaneous Business Services) 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.
Earns -8.47pts against its cost of capital — capital is being consumed, not created.
| Period | ROIC | Cost of capital | Spread |
|---|---|---|---|
| FY2023 | 46.5% | 11.4% (today's — no rate published for this year) | 35.2pts |
| FY2024 | 20.7% | 10.3% | 10.4pts |
| FY2025 | 2.9% | 10.4% | -7.5pts |
| Now | 2.4% | 11.4% | -9.0pts |
| Fiscal year | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| FY2023 | 44.8% | 15.9% | 12.9% |
| FY2024 | 43.5% | 15.5% | 13.9% |
| FY2025 | 46.2% | 1.6% | 2.1% |
Return on equity (2%) and return on invested capital (2%) are within a couple of points in FY2025, so the headline return is the operating return — there is no meaningful leverage effect to strip out.
Margins have compressed 2 years running even as the spread stayed positive.
Fewer than three profitable years with a cash flow statement, so cash conversion cannot be judged.
No material counter-signal in the checked set: FCF / net income over 3 and 5 years, Sloan accruals, SBC as a share of revenue, SBC as a share of operating cash flow, SBC-adjusted free cash flow, free cash flow per diluted share, buybacks against SBC issued, capex vs depreciation, free cash flow against revenue, share count since the first year on file, cash conversion cycle (DSO, DIO, DPO), receivables growth against revenue growth.
Missing from our data, so excluded from this answer: 3 years of cash flow.
Stressed coverage falls to 1.2x — below the level at which interest is reliably covered.
| EBITDA decline | Interest coverage |
|---|---|
| 0% | 1.73x |
| 5% | 1.64x |
| 10% | 1.56x |
| 15% | 1.47x |
| 20% | 1.38x |
| 25% | 1.30x |
| 30% | 1.21x |
| 35% | 1.12x |
| 40% | 1.04x |
| 45% | 0.95x |
| 50% | 0.86x |
| 55% | 0.78x |
| 60% | 0.69x |
Balance sheet at 2025-09-30. Undrawn revolving credit is not shown: the tag is collected but not yet mapped through to the API.
Free cash flow is negative, so debt service depends on the cash balance rather than on the business.
No positive free cash flow to discount, so the price cannot be expressed as a growth requirement.
No material counter-signal in the checked set: reverse-DCF implied growth, historical FCF CAGR, per-year FCF growth distribution, reporting-basis breaks, discount rate used, free-cash-flow basis (stock comp charged?).
Missing from our data, so excluded from this answer: free_cash_flow.