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Intellinetics
(INLX)
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Rating:47Neutral
Price Target:
$5.00
▼(-9.09% Downside)
Action:Reiterated
Date:10/08/26
The score is held down primarily by weak financial performance (sharp TTM revenue contraction, deeper losses, and slightly negative free cash flow) and a bearish technical trend (price below major moving averages with negative MACD). Offsetting this somewhat are a healthier leverage profile and earnings-call commentary pointing to a SaaS-led transition with reiterated guidance and signs of improved execution, though near-term profitability and revenue pressure remain key risks.
Positive Factors
Debt-free balance sheet
The absence of debt reduces financial pressure and preserves flexibility for product investment, sales execution, and working-capital needs. Deferred revenue from signed SaaS and maintenance contracts also provides visibility into future billings and supports the transition toward recurring revenue.
Negative Factors
Sustained revenue contraction
The sharp TTM contraction and continuing first-half decline indicate that the SaaS transition has not yet offset weakness in services and conversion activity. Prolonged top-line pressure can reduce scale benefits, constrain investment capacity, and make a return to sustained profitability more difficult.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
The absence of debt reduces financial pressure and preserves flexibility for product investment, sales execution, and working-capital needs. Deferred revenue from signed SaaS and maintenance contracts also provides visibility into future billings and supports the transition toward recurring revenue.
Read all positive factors
Intellinetics (INLX) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$23.55M
Dividend YieldN/A
Average Volume (3M)7.22K
Price to Earnings (P/E)―
Beta (1Y)-0.26
Revenue Growth-5.53%
EPS Growth-56.77%
CountryUS
Employees135
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)-0.64
Shares Outstanding4,494,994
10 Day Avg. Volume7,300
30 Day Avg. Volume7,219
Financial Highlights & Ratios
PEG Ratio-0.08
Price to Book (P/B)3.02
Price to Sales (P/S)2.07
P/FCF Ratio59.23
Enterprise Value/Market Cap1.04
Enterprise Value/Revenue1.51
Enterprise Value/Gross Profit2.40
Enterprise Value/Ebitda-15.57
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)-0.29
Revenue Forecast (FY)$19.00M
Intellinetics Business Overview & Revenue Model
Company 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...
How the Company Makes Money
Intellinetics makes money primarily by selling and supporting document management–related technology and services. Key revenue streams include: (1) Software revenue from licensing or subscribing to its document/content management and workflow-rela...
Intellinetics Earnings Call Summary
Earnings Call Date:Aug 12, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 16, 2026
Earnings Call Sentiment Neutral
The call presented a mixed picture: encouraging SaaS revenue growth, improved Q2 adjusted EBITDA, strengthened pipeline and operational improvements point to potential for better recurring revenue and execution. However, near-term headwinds remain significant — total revenue and professional services declined, gross margins were pressured by mix shifts, operating expenses and G&A rose (including one-time transition costs), and six-month adjusted EBITDA and net loss worsened. Management emphasized execution in H2 and expects double-digit SaaS growth, but the combination of current revenue declines and higher costs leaves the outlook balanced between progress on the software transition and near-term financial challenges.Positive Updates
SaaS Revenue Growth
SaaS revenue increased 4.2% year-over-year in Q2 to $1.6M and rose 2.2% for the first six months to $3.2M; management expects double-digit year-over-year SaaS growth for fiscal 2026.
Negative Updates
Total Revenue Decline
Total revenue decreased 1.6% in Q2 to $3.9M (from $4.0M) and declined 4.9% for the first six months to $7.9M (from $8.3M), driven largely by weakness in Document Services and project timing.
Read all updates
Q2-2026 Updates
Positive
Negative
SaaS Revenue Growth
SaaS revenue increased 4.2% year-over-year in Q2 to $1.6M and rose 2.2% for the first six months to $3.2M; management expects double-digit year-over-year SaaS growth for fiscal 2026.
Read all positive updates
Company Guidance
Management reiterated unchanged guidance and currently expects double‑digit year‑over‑year SaaS growth for fiscal 2026, with a focus in H2 on converting software bookings into recurring revenue, strengthening commercial execution (clearer product positioning, sales discipline and partner motions), sharpening product and technology priorities, and driving operating leverage to reduce variability and improve profitability over a 2–4 year horizon. For context, Q2 SaaS was $1.6M (up 4.2% YoY; $3.2M for the first six months, up 2.2%), total Q2 revenue was $3.9M (down 1.6% YoY), professional services was $1.8M (down 5.8%, 45% of revenue), consolidated gross margin was 66.4% (down 162 bps), Q2 operating expenses were $3.7M (up 14.7%), Q2 adjusted EBITDA was $331k (vs. $28k prior year), six‑month adjusted EBITDA was a loss of $659k (vs. +$104k), six‑month revenue was $7.9M (down 4.9%), cash was $1.7M, net AR $700k, deferred revenue $2.9M, and the company reported no debt.Intellinetics Financial Statement Overview
Summary
Income Statement
28
Negative
Balance Sheet
62
Positive
Cash Flow
44
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 16.18M | 16.58M | 18.02M | 16.89M | 14.02M | 11.46M |
| Gross Profit | 10.15M | 10.95M | 11.52M | 9.59M | 8.19M | 6.94M |
| EBITDA | -1.57M | -470.19K | 1.03M | 2.12M | 1.56M | 2.86M |
| Net Income | -2.84M | -1.87M | -546.22K | 519.27K | 24.03K | 1.36M |
Balance Sheet | ||||||
| Total Assets | 15.64M | 17.31M | 18.57M | 19.03M | 19.94M | 11.96M |
| Cash, Cash Equivalents and Short-Term Investments | 1.71M | 2.53M | 2.49M | 1.22M | 2.70M | 1.75M |
| Total Debt | 1.59M | 1.66M | 3.55M | 5.65M | 7.02M | 5.69M |
| Total Liabilities | 5.84M | 5.92M | 7.94M | 9.28M | 11.37M | 9.30M |
| Stockholders Equity | 9.80M | 11.38M | 10.63M | 9.75M | 8.57M | 2.66M |
Cash Flow | ||||||
| Free Cash Flow | -69.74K | 579.49K | 3.03M | 236.58K | 1.41M | 799.48K |
| Operating Cash Flow | 635.26K | 933.87K | 3.86M | 784.66K | 1.99M | 1.39M |
| Investing Cash Flow | -705.00K | -823.98K | -827.77K | -548.08K | -6.96M | -590.49K |
| Financing Cash Flow | -288.09K | -70.85K | -1.76M | -1.72M | 5.92M | -954.73K |
Intellinetics Technical Analysis
Neutral
5.50
Price Trends
5.40
Positive
5.69
Negative
6.67
Negative
Market Momentum
-0.06
Negative
52.85
Neutral
37.49
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For INLX, the sentiment is Neutral. The current price of 5.5 is above the 20-day moving average (MA) of 5.28, above the 50-day MA of 5.40, and below the 200-day MA of 6.67, indicating a neutral trend. The MACD of -0.06 indicates Negative momentum. The RSI at 52.85 is Neutral, neither overbought nor oversold. The STOCH value of 37.49 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for INLX.
Intellinetics Risk Analysis
Intellinetics disclosed 40 risk factors in its most recent earnings report. Intellinetics reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Intellinetics Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $74.82M | 24.07 | 7.84% | ― | 12.53% | -0.08% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
47 Neutral | $23.55M | -8.43 | -26.38% | ― | -5.53% | -56.77% | |
47 Neutral | $23.12M | -2.62 | -35.20% | 35.00% | 1.75% | -47.10% | |
47 Neutral | $21.67M | 0.33 | 0.51% | ― | 125.00% | ― | |
46 Neutral | $42.36M | -3.17 | -13.83% | ― | 14.63% | 11.10% |
* Technology Sector Average
INLX
Intellinetics
5.40
-6.35
-54.05%
AWRE
Aware
1.04
-1.31
-55.74%
NTWK
Netsol Technologies
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36.65%
PHUN
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2.06
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HKIT
Hitek Global
2.53
-6,784.97
-99.96%
Intellinetics Corporate Events
Business Operations and StrategyExecutive/Board Changes
Intellinetics Announces CEO Matthew Chretien’s Upcoming Retirement
Neutral
Sep 1, 2026
On August 26, 2026, Intellinetics, Inc. announced that Chief Executive Officer Matthew Chretien notified the company of his retirement and resignation from his roles as Secretary and Chief Strategy Officer, effective September 1, 2026. The company...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.