Operating income increased 318.6%
Operating income changed +318.6% from the comparable as-filed period.
$43.0M→$180.0M2 prior comparisons
GROSSPATTERN / DETERMINISTIC EVIDENCE / V3
Search securities →INDV financial changes
Ranked by interpretable importance, issuer history, magnitude, and accounting profile. No directional recommendation.
Gross margin moved 1243 bp higher
Gross margin changed +1243 basis points from the comparable as-filed period. This reverses 2 consecutive comparable moves in the opposite direction.
73.25%→85.67%2 prior comparisons
Operating margin moved 3687 bp higher
Operating margin changed +3687 basis points from the comparable as-filed period.
13.69%→50.56%2 prior comparisons
Current liabilities increased 34.8%
Current liabilities changed +34.8% from the comparable as-filed period. This reverses 3 consecutive comparable moves in the opposite direction.
$965.0M→$1.3B3 prior comparisons
Cash & equivalents decreased 31.5%
Cash & equivalents changed -31.5% from the comparable as-filed period.
$445.0M→$305.0M3 prior comparisons
Gross profit increased 32.6%
Gross profit changed +32.6% from the comparable as-filed period.
$230.0M→$305.0M2 prior comparisons
Cost of revenue decreased 38.6%
Cost of revenue changed -38.6% from the comparable as-filed period. This reverses 2 consecutive comparable moves in the opposite direction.
$83.0M→$51.0M2 prior comparisons
Capex / revenue moved 244 bp lower
Capex / revenue changed -244 basis points from the comparable as-filed period. This reverses 2 consecutive comparable moves in the opposite direction.
6.37%→3.93%2 prior comparisons
Gross debt increased 51.6%
Gross debt changed +51.6% from the comparable as-filed period.
$322.0M→$488.0M3 prior comparisons
Selling, general & administrative decreased 23.2%
Selling, general & administrative changed -23.2% from the comparable as-filed period. This reverses 2 consecutive comparable moves in the opposite direction.
$155.0M→$119.0M2 prior comparisons
Capital expenditure decreased 30.0%
Capital expenditure changed -30.0% from the comparable as-filed period. This reverses 2 consecutive comparable moves in the opposite direction.
$20.0M→$14.0M2 prior comparisons
Inventory / revenue moved 751 bp lower
Inventory / revenue changed -751 basis points from the comparable as-filed period.
49.36%→41.85%2 prior comparisons
Noncurrent long-term debt decreased 100.0%
Noncurrent long-term debt changed -100.0% from the comparable as-filed period.
$304.0M→$03 prior comparisons
Revenue increased 13.4%
Revenue changed +13.4% from the comparable as-filed period.
$314.0M→$356.0M2 prior comparisons
Free-cash-flow proxy changed across a sign change
Free-cash-flow proxy changed +240.7% from the comparable as-filed period. Relative percentage is de-emphasized because the comparison has a sign change.
-$59.0M→$83.0M2 prior comparisons
Debt / assets moved 1390 bp higher
Debt / assets changed +1390 basis points from the comparable as-filed period.
22.74%→36.64%3 prior comparisons
Cash / debt moved 7570 bp lower
Cash / debt changed -7570 basis points from the comparable as-filed period.
138.20%→62.50%3 prior comparisons
Current ratio decreased 35.6%
Current ratio changed -35.6% from the comparable as-filed period.
0.96→0.613 prior comparisons
Operating cash flow changed across a sign change
Operating cash flow changed +348.7% from the comparable as-filed period. Relative percentage is de-emphasized because the comparison has a sign change.
-$39.0M→$97.0M2 prior comparisons
Receivables / revenue moved 580 bp lower
Receivables / revenue changed -580 basis points from the comparable as-filed period.
82.48%→76.69%2 prior comparisons
Stock-based compensation increased 33.3%
Stock-based compensation changed +33.3% from the comparable as-filed period.
$6.0M→$8.0M2 prior comparisons
Working capital / assets moved 3458 bp lower
Working capital / assets changed -3458 basis points from the comparable as-filed period.
-3.04%→-37.61%3 prior comparisons
Current assets decreased 13.2%
Current assets changed -13.2% from the comparable as-filed period.
$922.0M→$800.0M3 prior comparisons
Debt / revenue moved 3453 bp higher
Debt / revenue changed +3453 basis points from the comparable as-filed period.
102.55%→137.08%2 prior comparisons
Free-cash-flow margin moved 4210 bp higher
Free-cash-flow margin changed +4210 basis points from the comparable as-filed period.
-18.79%→23.31%2 prior comparisons
Operating cash-flow margin moved 3967 bp higher
Operating cash-flow margin changed +3967 basis points from the comparable as-filed period.
-12.42%→27.25%2 prior comparisons
Working capital changed across a low base
Working capital changed -1065.1% from the comparable as-filed period. Relative percentage is de-emphasized because the comparison has a low base.
-$43.0M→-$501.0M3 prior comparisons
Net debt changed across a sign change
Net debt changed +248.8% from the comparable as-filed period. Relative percentage is de-emphasized because the comparison has a sign change.
-$123.0M→$183.0M3 prior comparisons
Current long-term debt changed across a low base
Current long-term debt changed +2611.1% from the comparable as-filed period. Relative percentage is de-emphasized because the comparison has a low base.
$18.0M→$488.0M3 prior comparisons
Total assets decreased 5.9%
Total assets changed -5.9% from the comparable as-filed period.
$1.4B→$1.3B3 prior comparisons
Shares outstanding decreased 5.5%
Shares outstanding changed -5.5% from the comparable as-filed period.
124,853,897→118,035,2723 prior comparisons
SBC / revenue moved 34 bp higher
SBC / revenue changed +34 basis points from the comparable as-filed period.
1.91%→2.25%2 prior comparisons
Trade receivables increased 5.4%
Trade receivables changed +5.4% from the comparable as-filed period.
$259.0M→$273.0M3 prior comparisons
Inventory decreased 3.9%
Inventory changed -3.9% from the comparable as-filed period.
$155.0M→$149.0M3 prior comparisons
Free-cash-flow proxy increased 57.4%
Free-cash-flow proxy changed +57.4% from the comparable as-filed period. This reverses 2 consecutive comparable moves in the opposite direction.
$141.0M→$222.0M3 prior comparisons
Operating cash flow increased 44.9%
Operating cash flow changed +44.9% from the comparable as-filed period. This reverses 2 consecutive comparable moves in the opposite direction.
$158.0M→$229.0M3 prior comparisons
Operating income increased 122.2%
Operating income changed +122.2% from the comparable as-filed period.
$72.0M→$160.0M2 prior comparisons
Operating margin moved 2281 bp higher
Operating margin changed +2281 basis points from the comparable as-filed period.
23.84%→46.65%2 prior comparisons
Gross margin moved 293 bp higher
Gross margin changed +293 basis points from the comparable as-filed period. This reverses 2 consecutive comparable moves in the opposite direction.
82.78%→85.71%2 prior comparisons
Cash & equivalents decreased 56.5%
Cash & equivalents changed -56.5% from the comparable as-filed period.
$510.0M→$222.0M3 prior comparisons
Capex / revenue moved 359 bp lower
Capex / revenue changed -359 basis points from the comparable as-filed period. This reverses 2 consecutive comparable moves in the opposite direction.
5.63%→2.04%2 prior comparisons
Capital expenditure decreased 58.8%
Capital expenditure changed -58.8% from the comparable as-filed period. This reverses 3 consecutive comparable moves in the opposite direction.
$17.0M→$7.0M3 prior comparisons
Noncurrent long-term debt increased 58.1%
Noncurrent long-term debt changed +58.1% from the comparable as-filed period.
$308.0M→$487.0M3 prior comparisons
Gross debt increased 49.4%
Gross debt changed +49.4% from the comparable as-filed period.
$326.0M→$487.0M3 prior comparisons
Selling, general & administrative decreased 22.8%
Selling, general & administrative changed -22.8% from the comparable as-filed period. This reverses 2 consecutive comparable moves in the opposite direction.
$158.0M→$122.0M2 prior comparisons
Working capital decreased 36.2%
Working capital changed -36.2% from the comparable as-filed period.
-$105.0M→-$143.0M3 prior comparisons
Inventory / revenue moved 561 bp lower
Inventory / revenue changed -561 basis points from the comparable as-filed period.
49.34%→43.73%2 prior comparisons
Current assets decreased 23.8%
Current assets changed -23.8% from the comparable as-filed period.
$951.0M→$725.0M3 prior comparisons
Current long-term debt decreased 100.0%
Current long-term debt changed -100.0% from the comparable as-filed period.
$18.0M→$03 prior comparisons
Revenue increased 13.6%
Revenue changed +13.6% from the comparable as-filed period.
$302.0M→$343.0M2 prior comparisons
Cash / debt moved 11086 bp lower
Cash / debt changed -11086 basis points from the comparable as-filed period.
156.44%→45.59%3 prior comparisons
Working capital / assets moved 437 bp lower
Working capital / assets changed -437 basis points from the comparable as-filed period.
-7.23%→-11.60%3 prior comparisons
Stock-based compensation increased 37.5%
Stock-based compensation changed +37.5% from the comparable as-filed period.
$8.0M→$11.0M2 prior comparisons
Debt / assets moved 1705 bp higher
Debt / assets changed +1705 basis points from the comparable as-filed period.
22.45%→39.50%3 prior comparisons
Current liabilities decreased 17.8%
Current liabilities changed -17.8% from the comparable as-filed period.
$1.1B→$868.0M3 prior comparisons
Gross profit increased 17.6%
Gross profit changed +17.6% from the comparable as-filed period.
$250.0M→$294.0M2 prior comparisons
Total assets decreased 15.1%
Total assets changed -15.1% from the comparable as-filed period.
$1.5B→$1.2B3 prior comparisons
Debt / revenue moved 3404 bp higher
Debt / revenue changed +3404 basis points from the comparable as-filed period.
107.95%→141.98%2 prior comparisons
Free-cash-flow margin moved 1803 bp higher
Free-cash-flow margin changed +1803 basis points from the comparable as-filed period.
46.69%→64.72%2 prior comparisons
Operating cash-flow margin moved 1445 bp higher
Operating cash-flow margin changed +1445 basis points from the comparable as-filed period.
52.32%→66.76%2 prior comparisons
Net debt changed across a sign change
Net debt changed +244.0% from the comparable as-filed period. Relative percentage is de-emphasized because the comparison has a sign change.
-$184.0M→$265.0M3 prior comparisons
Trade receivables increased 12.9%
Trade receivables changed +12.9% from the comparable as-filed period.
$240.0M→$271.0M3 prior comparisons
SBC / revenue moved 56 bp higher
SBC / revenue changed +56 basis points from the comparable as-filed period.
2.65%→3.21%2 prior comparisons
Shares outstanding decreased 5.4%
Shares outstanding changed -5.4% from the comparable as-filed period.
124,769,820→118,013,6492 prior comparisons
Current ratio decreased 7.3%
Current ratio changed -7.3% from the comparable as-filed period.
0.9→0.843 prior comparisons
Cost of revenue decreased 3.8%
Cost of revenue changed -3.8% from the comparable as-filed period. This reverses 2 consecutive comparable moves in the opposite direction.
$52.0M→$50.0M2 prior comparisons
Receivables / revenue moved 46 bp lower
Receivables / revenue changed -46 basis points from the comparable as-filed period.
79.47%→79.01%2 prior comparisons
Inventory increased 0.7%
Inventory changed +0.7% from the comparable as-filed period. This reverses 2 consecutive comparable moves in the opposite direction.
$149.0M→$150.0M3 prior comparisons
Method Importance combines metric-family relevance, magnitude, issuer-history unusualness, persistence, and financial-statement significance. It is analytical prioritization, not a legal materiality conclusion or investment signal.