Research / XPON / Fundamental state Inspectable configuration
State dimensions Filing 0001903596-25-000145 General Corporate
Debt relative to revenue 0th Own-history percentile · N=9
Evidence method Level · gp.fundamentals.debt_to_revenue
4.09% · OPTIONAL · VALID
Operating cash generation 22th Own-history percentile · N=9
Evidence method Ratio · gp.fundamentals.operating_cash_flow + gp.fundamentals.revenue
-170.00% · OPTIONAL · VALID
Revenue growth RAW Current state valid · history insufficient
Evidence method Yoy · gp.fundamentals.revenue
-5.96% · CORE · NOT_ENOUGH_HISTORY
Inventory pressure 22th Own-history percentile · N=9
Evidence method Level · gp.fundamentals.inventory_revenue_ratio
85.89% · OPTIONAL · VALID
Gross margin 11th Own-history percentile · N=9
Evidence method Level · gp.fundamentals.gross_margin
20.54% · CORE · VALID
Operating margin 33th Own-history percentile · N=9
Evidence method Level · gp.fundamentals.operating_margin
-120.07% · CORE · VALID
R&D intensity RAW Current state valid · history insufficient
Evidence method Ratio · gp.fundamentals.rnd + gp.fundamentals.revenue
5.25% · OPTIONAL · NOT_ENOUGH_HISTORY
SBC intensity RAW Current state valid · history insufficient
Evidence method Level · gp.fundamentals.sbc_revenue_ratio
10.96% · OPTIONAL · NOT_ENOUGH_HISTORY
As-filed lineage Fundamental state history Each observation is tied to the filing and facts available at that report date. Amendments remain separate.
History 16 states History building
Sep 30, 2022 0/7 normalized Level 3 Dec 31, 2022 0/8 normalized Level 3 Mar 31, 2023 0/7 normalized Level 3 Jun 30, 2023 0/7 normalized Level 3 Sep 30, 2023 0/8 normalized Level 3 Dec 31, 2023 0/8 normalized Level 3 Mar 31, 2024 0/9 normalized Level 3 Jun 30, 2024 0/8 normalized Level 3 Sep 30, 2024 5/8 normalized Level 3 Dec 31, 2024 5/8 normalized Level 3 Mar 31, 2025 6/8 normalized Level 3 Jun 30, 2025 7/8 normalized Level 3 Sep 30, 2025 8/8 normalized Level 3 Dec 31, 2025 8/8 normalized Level 3 Mar 31, 2026 8/8 normalized Level 3 Jun 30, 2026 8/8 normalized Level 3 Period transition
What moved in the state? Balance Sheet Leverage Decreased
Previous 17.27%
Current 4.09%
Delta -13.18% Cash Generation Increased
Previous -233.40%
Current -170.00%
Delta 63.40% Growth Increased
Previous -26.49%
Current -5.96%
Delta 20.53% Inventory Pressure Decreased
Previous 242.20%
Current 85.89%
Delta -156.30% Margin Increased
Previous 12.14%
Current 20.54%
Delta 8.40% Profitability Increased
Previous -138.74%
Current -120.07%
Delta 18.67% R And D Intensity Increased
Previous 4.94%
Current 5.25%
Delta 0.31% Sbc Intensity Increased
Previous 7.67%
Current 10.96%
Delta 3.29% Self-history only Previous similar states Similarity compares compatible valid dimensions from this issuer's own point-in-time history. No market-return claim is attached.
Not enough compatible prior states for a transparent self-history match.
Research Graph
Related governed research Method Percentiles and historical matches use only observations available at each point in time. Missing dimensions remain missing. Public price outcomes and cross-market analogues are deliberately absent.