Forensic Analysis · Professional & Commercial Services · as of Aug 11, 2026
Onterris, Inc. (ONT)
A forensic read on Onterris, Inc. built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
D · Weak — demands caution
Forensic grade
Distress
Financial health
0.7
Distress distance
Clean
Earnings quality
4
Forensic signals
102.4
P / E (ttm)
-0.2%
ROE
$538M
Market cap
0.23%
Dividend yield
19.3%
Revenue growth
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). 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.
Onterris, Inc. earns a D (Weak — demands caution) forensic quality grade, and its balance-sheet distress test reads 0.7, placing it in the Distress zone. 4 forensic signals were flagged in its latest SEC filings, led by return on invested capital.
What the filings flag
0.9%
FY2025
Return on invested capital.Return on invested capital is 0.9% in the latest fiscal year and rising from -4% — well below its ~10% cost of capital, so reinvested dollars may be destroying value, not building it.
+5.8%/yr
FY2022–FY2025
Share-count dilution.Diluted share count changed +18% over the last 3 years to FY2025 (+5.8%/yr). The count is growing: more stock was issued than repurchased over this window, so aggregate results grew faster than their per-share equivalents. That's ~5.8% shaved off per-share growth every year — total profit has to grow that much just to keep earnings-per-share flat, and a stake held since FY2022 has been diluted ~15%.
5% of rev
FY2025
Stock-based comp load.Stock-based compensation ran 5% of revenue and 47% of free cash flow in FY2025 — about $1.22 per diluted share. The cost of it is not in the cash flow — no cash left the business — it is in the count: holders gave up about 5.8% of the company a year, and that rate is not falling. That is the figure to weigh, not the share of free cash flow.
-65%
FY2024→FY2025
Dividend — cut.The payout was CUT ~65% in FY2025 (from FY2024). It still returns some cash, but it is NOT the dependable, rising dividend an unbroken streak implies.
Key fundamentals
Latest Revenue$830.5M
Revenue Growth YoY+19.3%
Revenue CAGR (3yr)+15.1%
Net Margin-0.1%
Free Cash Flow$91.2M
Return on Equity-0.2%
Debt / Equity0.64x
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 Onterris, Inc.'s actual 10-K/10-Q/8-K filings?