Research / AIRS / Fundamental state Inspectable configuration
State dimensions Filing 0001870940-25-000021 General Corporate
Debt relative to revenue 80th Own-history percentile · N=10
Evidence method Level · gp.fundamentals.debt_to_revenue
174.02% · OPTIONAL · VALID
Capex intensity 30th Own-history percentile · N=10
Evidence method Level · gp.fundamentals.capex_revenue_ratio
4.83% · OPTIONAL · VALID
Operating cash generation 20th Own-history percentile · N=10
Evidence method Ratio · gp.fundamentals.operating_cash_flow + gp.fundamentals.revenue
2.20% · OPTIONAL · VALID
Revenue growth RAW Current state valid · history insufficient
Evidence method Yoy · gp.fundamentals.revenue
-17.32% · CORE · NOT_ENOUGH_HISTORY
Operating margin 20th Own-history percentile · N=10
Evidence method Level · gp.fundamentals.operating_margin
-4.04% · CORE · VALID
SBC intensity 20th Own-history percentile · N=10
Evidence method Level · gp.fundamentals.sbc_revenue_ratio
3.15% · OPTIONAL · VALID
As-filed lineage Fundamental state history Each observation is tied to the filing and facts available at that report date. Amendments remain separate.
History 13 states Self-history eligible
Sep 30, 2023 0/6 normalized Level 3 Dec 31, 2023 0/6 normalized Level 3 Mar 31, 2024 0/6 normalized Level 3 Jun 30, 2024 0/6 normalized Level 3 Sep 30, 2024 5/6 normalized Level 3 Dec 31, 2024 5/6 normalized Level 3 Mar 31, 2025 5/6 normalized Level 3 Jun 30, 2025 5/6 normalized Level 3 Sep 30, 2025 6/6 normalized Level 3 Dec 31, 2025 6/6 normalized Level 3 Dec 31, 2025 6/6 normalized Amended as filed Mar 31, 2026 6/6 normalized Level 3 Jun 30, 2026 6/6 normalized Level 4 Period transition
What moved in the state? Balance Sheet Leverage Increased
Previous 38.65%
Current 174.02%
Delta 135.37% Capex Intensity Decreased
Previous 7.77%
Current 4.83%
Delta -2.94% Cash Generation Decreased
Previous 6.29%
Current 2.20%
Delta -4.09% Growth Decreased
Previous -7.95%
Current -17.32%
Delta -9.38% Profitability Decreased
Previous -1.01%
Current -4.04%
Delta -3.03% Sbc Intensity Increased
Previous 2.09%
Current 3.15%
Delta 1.06% 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.