Forensic Analysis · Technology / Software · as of Oct 1, 2026

Soundthinking, Inc. (SSTI)

A forensic read on Soundthinking, 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

-2.4

Distress distance

Clean

Earnings quality

Forensic signals

-13.1%

ROE

2.1%

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.

Soundthinking, Inc. earns a D (Weak — demands caution) forensic quality grade, and its balance-sheet distress test reads -2.4, 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). 2 forensic signals were flagged in its latest SEC filings, led by return on invested capital.

What the filings flag

-11.0%

FY2025

Return on invested capital. Return on invested capital is -11.0% in the latest fiscal year and slipping across FY2023–FY2025 from -1.3%. After-tax operating profit was ($978,810) in FY2023 and ($7M) in FY2025, with operating income at -1.3% of revenue in FY2023, -7.7% in FY2024 and -8.4% in FY2025. The capital base behind it came down -15% across FY2023–FY2025, from $73M to $63M, so this return is struck on a smaller base than it started on.

82d DSO

FY2024→FY2025

Receivables vs revenue. Days sales outstanding moved from 70 to 82 days FY2024→FY2025 (receivables +19% vs revenue +2%). Receivables are creeping up relative to sales. Across FY2023–FY2025 the day count ran 97 → 70 → 82 days, so the latest reading sits on top of a record that was flat or falling before it — one year's move, not a direction the business has been travelling in. Deferred revenue was roughly flat (+4%) over the same period, which doesn't corroborate a benign upfront-billing explanation for the receivables build. Both figures are measured on period-end balances rather than the beginning-plus-ending average, because averaging needs the balance a year before every reading — FY2024's opening balance is on file, but across the 3 fiscal years read here (FY2023–FY2025) the average yields only 2 day counts (1 step), too few to tell a climb from one year's move.

Key fundamentals

Latest Revenue$104.1M

Revenue Growth YoY+2.1%

Revenue CAGR (2yr)+6.0%

Net Margin-9.0%

Free Cash Flow$4.9M

Return on Equity-13.1%

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Data from SEC EDGAR public filings · metrics as of Oct 1, 2026. Forensic signals flag probability, not certainty.