TransparentBusiness, Inc.
Technology · Services-Prepackaged Software · DE · SEC filings ↗ · Compare ⊕
Financials
SEC XBRL · annual| FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | |
|---|---|---|---|---|---|---|
| Revenue | $2.4M | $2.5M | $20.9M | $23.2M | $19.4M | $1.8M |
| Operating income | −$8.4M | −$33.9M | −$38.4M | −$33.8M | −$43.3M | −$11.1M |
| Net income | −$13.7M | −$35.6M | −$38.8M | −$32.6M | −$43.7M | −$12.3M |
| Total assets | $10.0M | $26.9M | $32.0M | $25.0M | $20.5M | $25.3M |
| Total liabilities | $121.7M | $122.5M | $95.0M | $49.9M | $12.4M | $7.4M |
| Equity | −$106.0M | −$94.9M | −$61.5M | −$22.4M | $9.1M | $14.3M |
| EPS (diluted) | $-0.02 | $-0.05 | $-0.05 | $-0.04 | — | — |
| Shares out. | 741.4M | 732.5M | 730.0M | 730.6M | 732.3M | 725.1M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2025- Operating margin
- −346.6%
- Net margin
- −565.2%
- Return on equity
- 12.9%
- Return on assets
- −137.2%
- Return on capital (ROCE)
- −695.5%
- Liabilities / assets
- 1222.2%
- Debt / equity
- —
- Book value / share
- $-0.14
- Revenue growth (YoY)
- −3.9%
- 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 · FY2025- Altman Z″ (distress)
- -69.87distress
- Accruals / assets
- −71.4%clean
- Piotroski F-Score
- 3/9weak
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
● 3 severe● 5 warning● 1 good- Negative shareholder equity
- Altman Z″ in the distress zone
- Filed a late-filing notice (Form NT) — missed an SEC deadline
- Operating losses (negative operating margin)
- Reported a net loss
- Revenue declined year-over-year
- High leverage (liabilities > 70% of assets)
- Negative 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.
Risk flags
late SEC filings- NT 10-Kmissed a reporting deadline ↗Apr 1, 2026
- NT 10-Qmissed a reporting deadline ↗May 15, 2025
- NT 10-Kmissed a reporting deadline ↗Mar 31, 2025
- NT 10-Qmissed a reporting deadline ↗Aug 14, 2024
- NT 10-Kmissed a reporting deadline ↗Apr 2, 2024
A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.
Material events
SEC Form 8-K · most recent- Amended charter or bylawsMay 13, 2026
- Shareholder voteDec 17, 2025
- Terminated a material agreement · Other material eventOct 30, 2025
- Director / officer changeOct 15, 2025
- Other material eventSep 25, 2025
- Entered a material agreementSep 23, 2025
- Entered a material agreement · Completed an acquisition or dispositionSep 15, 2025
- Director / officer change · Other material eventAug 1, 2025
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 ↗Event-driven situations (1)
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