Forensic Analysis · Technology / Software · as of Sep 15, 2026
Professional Diversity Network, Inc. (IPDN)
A forensic read on Professional Diversity Network, Inc. built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
F · Poor — capital at risk
Forensic grade
Distress
Financial health
-21.9
Distress distance
Clean
Earnings quality
4
Forensic signals
-54.9%
ROE
-2.7%
Revenue growth
The financial-health reading above compares this company's equity at BOOK value, not at what the market currently pays for it — this free snapshot doesn't pull live market data. Treat it as a rough read, not the final word.
This free snapshot doesn't read filing or proxy text, so the auditor-quality and governance checks that can lower a grade were not evaluated (red flags, auditor quality, say on pay, board independence, going concern, valuation). Those checks only ever lower a grade, so the full analysis can land below the grade above but never above it — treat it as the most favourable reading, not the settled one.
Professional Diversity Network, Inc. earns an F (Poor — capital at risk) forensic quality grade, and its balance-sheet distress test reads -21.9, placing it in the Distress zone (based on book value, not market value, since this free snapshot doesn't pull live market data — treat this zone as a rough read, not the final word). 4 forensic signals were flagged in its latest SEC filings, led by accruals ratio (% of noa).
What the filings flag
+111.6%
FY2024→FY2025
Accruals ratio (% of NOA).Net operating assets grew +111.6% relative to their own average in FY2025 — scaled by NOA itself, not by total assets, which is what the Forensic Screens card's own accrual row divides by. Accruals are building sharply — a large slice of profit sits in operating assets, not cash. An accrual is a claim that still has to be collected or written down, so the gap resolves in a later period whichever way it goes. This is the third straight fiscal year of building accruals — a multi-year streak is a materially stronger tell than a single year's move. A cash-flow measure on the same base disagrees: reported earnings ran behind operating cash by 62% of net operating assets, against an accruals ratio of 111.6%. The two are computed differently: the accruals ratio is the change in net operating assets over average net operating assets, while the cash-flow figure is net income less operating cash flow over that same average. Read them as two results, not one.
-46.1%
FY2025
Return on invested capital.Return on invested capital is -46.1% in the latest fiscal year and rising from -148% — well below its ~10% cost of capital, and it has been across FY2019–FY2025, so reinvested dollars have not been earning their keep.
stopped
FY2022→FY2023
Shareholder returns — halted.Capital returns have STOPPED — $855,365 of buybacks + dividends in FY2022, but ~$0 in FY2023. A halt usually means the company is conserving cash.
n/m (stock split)
FY2022–FY2025
Share count (stock split).Diluted share count changed -62% over the last 3 years to FY2025, but that includes a large one-time change around FY2023 consistent with a stock split or reverse split, not gradual buybacks or issuance — a split changes the count with NO effect on any holder's proportional ownership, so the raw -27.8%/yr figure isn't a real buyback/dilution read here.
Key fundamentals
Latest Revenue$6.5M
Revenue Growth YoY-2.7%
Revenue CAGR (3yr)-7.7%
Net Margin-98.5%
Free Cash Flow-$2.1M
Return on Equity-54.9%
The forensic grade and screens above are free — no account needed. Want the AI investment read on top — the 0–100 rating, thesis, bull-vs-bear, red flags and the 12-month scenario, written from Professional Diversity Network, Inc.'s actual 10-K/10-Q/8-K filings?