Ashford Inc.
Industrials · Services-Management Consulting Services · TX · SEC filings ↗ · Compare ⊕
Financials
SEC XBRL · annual| FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | |
|---|---|---|---|---|---|---|
| Revenue | $818.2M | $746.8M | $644.4M | $384.6M | $293.4M | $287.0M |
| Operating income | $14.2M | $7.9M | $21.6M | −$5.2M | −$223.9M | −$11.2M |
| Net income | −$3.3M | −$4.6M | $3.6M | −$9.9M | −$212.4M | −$13.9M |
| Total assets | $499.0M | $504.8M | $482.4M | $514.8M | $565.4M | $782.5M |
| Total liabilities | $364.2M | $329.4M | $274.2M | $278.5M | $286.3M | $262.3M |
| Equity | −$360.9M | −$311.6M | −$271.6M | −$242.4M | −$199.5M | $41.4M |
| EPS (diluted) | $-15.74 | $-13.69 | $-11.26 | $-16.68 | $-108.30 | $-13.55 |
| Shares out. | 3.4M | 3.2M | 3.2M | 2.9M | 2.2M | 2.5M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2024- Operating margin
- 1.7%
- Net margin
- −0.4%
- Return on equity
- 0.9%
- Return on assets
- −0.7%
- Return on capital (ROCE)
- 4.3%
- Liabilities / assets
- 73.0%
- Debt / equity
- —
- Book value / share
- $-105.19
- Revenue growth (YoY)
- 9.6%
- Net income growth (YoY)
- —
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2024- Altman Z″ (distress)
- -5.45distress
- Accruals / assets
- −8.7%clean
- Piotroski F-Score
- 5/9mixed
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.
Signs
● 2 severe● 2 warning● 4 good- Negative shareholder equity
- Altman Z″ in the distress zone
- Reported a net loss
- High leverage (liabilities > 70% of assets)
- Operating margin is positive
- Revenue is growing year-over-year
- Positive operating cash flow
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Material events
SEC Form 8-K · most recent- Director / officer changeOct 21, 2024
- Entered a material agreementSep 12, 2024
- Regulation FD disclosure · Other material eventJul 31, 2024
- Regulation FD disclosureJul 25, 2024
- Delisting / listing-standard notice · Shareholder vote · Other material eventJul 22, 2024
- Director / officer changeJul 3, 2024
- Director / officer change · Shareholder voteMay 15, 2024
- Results of operationsMay 8, 2024
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗- 10-K/AApr 16, 2025
- 10-KMar 14, 2025
- 15-15DJan 17, 2025
- 10-QNov 13, 2024
- 4OWNERSHIP DOCUMENTOct 22, 2024
- 4OWNERSHIP DOCUMENTOct 22, 2024
- 4OWNERSHIP DOCUMENTOct 22, 2024
- 3OWNERSHIP DOCUMENTOct 21, 2024
- 8-KOct 21, 2024
- 8-KSep 12, 2024
- 10-QAug 13, 2024
- 15-12GAug 8, 2024
- SC 13D/AJul 31, 2024
- SC 13D/AJul 31, 2024
- SC 13D/AJul 31, 2024
Corporate family
Spun off from Ashford Hospitality TrustAHT · Oct 30, 2014
From the spin-off filings we track. Follow a company to walk its own history.