Technology · Software - Application
Price
$5.96
Market Cap
$26.8M
Employees
138
Beta
0.23
Avg Volume
2,958
CEO
Alison G. Forsythe
Business Description
Intellinetics, Inc. is a company that specializes in creating, developing, testing, commercializing, and licensing document-related services and software solutions within the United States. The firm operates through two primary divisions: Document Management and Document Conversion. Its proprietary software platform empowers clients to capture and efficiently organize a wide array of documents, encompassing both scanned physical records and various digital formats such as Microsoft Office 365 files, images, audio, video, and emails. At the core of its offerings is the IntelliCloud platform, a comprehensive software suite integrating advanced image processing capabilities, records management functionalities, workflow automation, and other modular components. Beyond software, Intellinetics provides essential support services including system installation, integration assistance, user training, and expert consulting. It also ensures continuous software maintenance and dedicated customer assistance. The company further extends its services to include physical document handling, offering digital scanning for paper, microfilm, and microfiche, secure box storage, provision of scanning equipment, and both software and hardware repair. Additionally, they provide long-term archival and retrieval options for paper and microfilm. Intellinetics also delivers business process outsourcing (BPO) solutions. Its distribution strategy involves sales through both reseller networks and direct channels, and it offers its software solutions as a service (SaaS) accessible over the internet. The company serves a diverse clientele, including commercial businesses, various levels of government (federal, county, and municipal), and specialized sectors like healthcare, K-12 education, public safety, other public sector entities, risk management firms, and financial institutions. Established in 1996, the company was initially known as GlobalWise Investments, Inc. before officially rebranding as Intellinetics, Inc. in September 2014. Its corporate headquarters are located in Columbus, Ohio.
Business History
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
API Direct from provider
CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
CALCStock Price / EPS (Diluted)
-13.55
Stock Price: $5.96
EPS (Diluted): -0.44
EPS (Diluted): -0.44
P/B Ratio (Price vs net asset value)
APIStock Price / Book Value Per Share
3.02
Stock Price: $5.96
Total Equity: $11.38M
Shares: 4,301,131
Total Equity: $11.38M
Shares: 4,301,131
EV/EBITDA (Total value vs operating profit)
APIEnterprise Value / EBITDA
-26.61
Market Cap: $26.79M
Total Debt: $0.00
Cash: $2.53M
EBITDA: -$542,929
Total Debt: $0.00
Cash: $2.53M
EBITDA: -$542,929
Enterprise Value (Takeover price (cap + debt - cash))
APIMarket Cap + Total Debt - Cash
$33.4M
Market Cap: $26.79M
Total Debt: $0.00
Cash: $2.53M
Total Debt: $0.00
Cash: $2.53M
P/S Ratio (Price per dollar of revenue)
APIStock Price / Revenue Per Share
2.07
Stock Price: $5.96
Revenue: $16.58M
Shares: 4,301,131
Revenue: $16.58M
Shares: 4,301,131
EV/Sales (Total value vs revenue — works when P/E can't)
API2.02
Gross Margin (Revenue left after direct costs)
APIGross Profit / Revenue
66.0%
Gross Profit: $10.95M
Revenue: $16.58M
Revenue: $16.58M
Operating Margin (Revenue left after all operations)
APIOperating Income / Revenue
-10.8%
Operating Income: -$1.79M
Revenue: $16.58M
Revenue: $16.58M
Net Margin (Revenue left as actual profit)
APINet Income / Revenue
-11.3%
Net Income: -$1.87M
Revenue: $16.58M
Revenue: $16.58M
ROE (Profit from shareholder equity)
APINet Income / Total Equity
-20.7%
Net Income: -$1.87M
Total Equity: $11.38M
Total Equity: $11.38M
ROIC (Profit from all invested capital)
APINOPAT / Invested Capital
-19.2%
Operating Income: -$1.79M
Tax Rate: 0.0%
Equity: $11.38M
Total Debt: $0.00
Cash: $2.53M
Tax Rate: 0.0%
Equity: $11.38M
Total Debt: $0.00
Cash: $2.53M
Zero debt — invested capital = equity minus cash (very efficient)
Current Ratio (Can it pay short-term bills)
APICurrent Assets / Current Liabilities
1.03
Current Assets: $5.23M
Current Liabilities: $5.06M
Current Liabilities: $5.06M
Debt/Equity (Leverage — debt vs equity)
CALCTotal Debt / Total Equity
0.00
Short-Term Debt: $0.00
Long-Term Debt: $0.00
Total Debt: $0.00
Total Equity: $11.38M
Long-Term Debt: $0.00
Total Debt: $0.00
Total Equity: $11.38M
Zero debt — this company carries no debt obligations. Strongest possible score.
Rev/Share (Top-line per share)
CALCRevenue / Shares Outstanding
$3.86
Revenue: $16.58M
Shares: 4,301,131
Shares: 4,301,131
Book Value/Share (Net assets per share)
CALC(Total Assets - Total Liabilities) / Shares
$2.65
Total Equity: $11.38M
Shares: 4,301,131
Shares: 4,301,131
FCF/Share (Real cash generated per share)
CALC(Operating Cash Flow + CapEx) / Shares
$0.13
Operating CF: $933,871
CapEx: -$354,378
Shares: 4,301,131
CapEx: -$354,378
Shares: 4,301,131
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
APILast Annual Dividend / Stock Price
0.0%
Last Dividend: N/A
Stock Price: $5.96
Stock Price: $5.96
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: -$1.87M
Net Income: -$1.87M
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares INLX against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Last updated: Jun 27, 2026 6:29am (2h ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $11.5M | $14.0M | $16.9M | $18.0M | $16.6M |
| Cost of Revenue | $4.5M | $5.8M | $7.3M | $6.5M | $5.6M |
| Gross Profit | $6.9M | $8.2M | $9.6M | $11.5M | $11.0M |
| Operating Expenses | $5.8M | $6.9M | $8.5M | $11.7M | $12.7M |
| Operating Income | $1.1M | $1.3M | $1.1M | $-173,505 | -$1.8M |
| Net Income | $1.4M | $24,027 | $519,266 | $-546,215 | -$1.9M |
| EBITDA | $2.9M | $2.2M | $2.1M | $1.0M | $-542,929 |
| EPS | $0.48 | $0.01 | $0.13 | $-0.13 | $-0.44 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jun 27, 2026 6:29am (2h ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $1.8M | $2.7M | $1.2M | $2.5M | $2.5M |
| Total Current Assets | $3.7M | $4.9M | $5.0M | $5.5M | $5.2M |
| Total Assets | $12.0M | $19.9M | $19.0M | $18.6M | $17.3M |
| Current Liabilities | $3.6M | $6.0M | $4.4M | $6.6M | $5.1M |
| Long-Term Debt | $1.8M | $2.6M | $2.8M | $0 | $0 |
| Total Liabilities | $9.3M | $11.4M | $9.3M | $7.9M | $5.9M |
| Total Equity | $2.7M | $8.6M | $9.8M | $10.6M | $11.4M |
| Retained Earnings | -$21.6M | -$21.6M | -$21.1M | -$21.6M | -$23.5M |
Cash Flow (Annual)
Last updated: Jun 27, 2026 6:29am (2h ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | $1.4M | $2.0M | $784,659 | $3.9M | $933,871 |
| Capital Expenditure | $-590,485 | $-577,325 | $-548,077 | $-827,773 | $-354,378 |
| Free Cash Flow | $799,481 | $1.4M | $236,582 | $3.0M | $579,493 |
| Acquisitions (net) | $0 | -$6.4M | $0 | $0 | $0 |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $-155,252 | $943,851 | -$1.5M | $1.3M | $39,045 |
Analyst Estimates (Annual)
Last updated: Jun 27, 2026 6:29am (2h ago)| Metric | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| Revenue |
$16.8M $16.8M – $16.8M
|
$17.9M $17.9M – $17.9M
|
$16.4M $16.4M – $16.4M
|
$19.0M $19.0M – $19.0M
|
| EBITDA |
$1.5M $1.5M – $1.5M
|
$2.0M $2.0M – $2.0M
|
$1.8M $1.8M – $1.8M
|
$2.1M $2.1M – $2.1M
|
| Net Income |
$630,210 $630,210 – $630,210
|
$-817,215 $-817,215 – $-817,215
|
-$2.0M -$2.0M – -$2.0M
|
-$1.2M -$1.2M – -$1.2M
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
Last updated: Jun 27, 2026 6:29am (2h ago)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | +22.3% | +20.5% | +6.7% | -8.0% |
| Gross Profit Growth | +17.9% | +17.1% | +20.2% | -5.0% |
| Operating Income Growth | +14.8% | -12.8% | -115.7% | -930.8% |
| Net Income Growth | -98.2% | +2,061.2% | -205.2% | -242.9% |
| EBITDA Growth | -23.4% | -5.0% | -50.7% | -152.9% |
Insider Trading (Recent)
Last updated: Jun 27, 2026 6:29am (2h ago)
Type codes
PPurchase
SSale
AAward / grant
MOption exercise
FIn-kind (tax)
CConversion
GGift
DReturn to issuer
All SEC Form 4 codes
Open market
- P Purchase
- Open-market or private purchase of shares.
- S Sale
- Open-market or private sale of shares.
Compensation (Rule 16b-3)
- A Award / grant
- Grant or award of securities (RSUs, options, etc.) under Rule 16b-3.
- D Return to issuer
- Securities disposed back to the company under Rule 16b-3.
- F In-kind (tax)
- Shares withheld or delivered to pay the option-exercise price or tax — not an open-market sale.
- I Discretionary
- Discretionary transaction under an employee plan — Rule 16b-3(f).
- M Option exercise
- Exercise or conversion of a derivative (option/RSU) into shares — exempt.
Derivatives
- C Conversion
- Conversion of a derivative security into the underlying shares.
- E Short expiration
- Expiration of a short derivative position.
- H Long expiration
- Expiration or cancellation of a long derivative position with value received.
- O OTM exercise
- Exercise of an out-of-the-money derivative.
- X ITM exercise
- Exercise of an in-the-money or at-the-money derivative.
Other exempt
- G Gift
- Bona fide gift of securities.
- L Small acquisition
- Small acquisition under Rule 16a-6.
- W Inheritance
- Acquisition or disposition by will or the laws of descent.
- Z Voting trust
- Deposit into or withdrawal from a voting trust.
Other
- J Other
- Other acquisition or disposition (explained in a Form 4 footnote).
- K Equity swap
- Transaction in an equity swap or similar instrument.
- U Tender / buyout
- Disposition via tender of shares in a change-of-control transaction.
Compensation-plan codes (A, D, F, M) are routine and rarely directional. Open-market P (buy) and S (sale) carry the most signal.
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-06-16 | TAGLICH ROBERT | S-Sale | 3,754.00 | $6.58 | $24,701 |
| 2026-06-17 | TAGLICH ROBERT | S-Sale | 550.00 | $6.50 | $3,575 |
| 2026-06-16 | TAGLICH MICHAEL N | S-Sale | 3,754.00 | $6.58 | $24,701 |
| 2026-06-17 | TAGLICH MICHAEL N | S-Sale | 550.00 | $6.50 | $3,575 |
| 2026-04-08 | Spain Joseph D | F-InKind | 843.00 | $7.25 | $6,112 |
| 2026-04-08 | Chretien Matthew L | F-InKind | 810.00 | $7.25 | $5,873 |
| 2026-04-08 | Chretien Matthew L | F-InKind | 2,700.00 | $7.50 | $20,250 |
| 2026-04-01 | Forsythe Alison G. | A-Award | 48,533.00 | $7.45 | $361,571 |
| 2026-04-01 | Forsythe Alison G. | A-Award | 48,533.00 | $7.45 | $361,571 |
| 2026-04-01 | Forsythe Alison G. | A-Award | 36,131.00 | $7.45 | $269,176 |
| 2026-04-01 | Forsythe Alison G. | F-InKind | 12,403.00 | $7.45 | $92,402 |
| 2026-02-17 | Forsythe Alison G. | 0.00 | $0.00 | $0 | |
| 2025-10-07 | TAGLICH ROBERT | S-Sale | 35,732.00 | $11.00 | $393,052 |
| 2025-10-07 | TAGLICH MICHAEL N | S-Sale | 35,732.00 | $11.00 | $393,052 |
| 2025-06-18 | Bernier Russell Jean | 4,000.00 | $4.62 | $18,480 | |
| 2025-06-18 | Bernier Russell Jean | 200.00 | $9.00 | $1,800 | |
| 2025-06-18 | Bernier Russell Jean | 1,200.00 | $4.00 | $4,800 | |
| 2025-06-18 | Bernier Russell Jean | 4,500.00 | $12.88 | $57,960 | |
| 2025-06-18 | Bernier Russell Jean | 200.00 | $12.50 | $2,500 | |
| 2025-06-21 | TAGLICH MICHAEL N | A-Award | 9,000.00 | $12.88 | $115,920 |
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for INLX — it's generated by the pipeline (
market-narrative step).
No community reviews yet for INLX.
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My Notes
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.352 · d1100787 · 2026-06-26 11:39:30