CEVACEVA INC
Services-Computer Programming, Data Processing, Etc.
- Revenue
- $110M
- 2.5% YoY
- Operating margin
- -10.4%
- 47% YoY
- EBITDA
- −$8M
- 76% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- —
- AI in 10-K
- —
Red flags 1 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear—Cash flow under 80% of net income
- Dilutive SBCFired18% of revenueOver 10% of revenue
- Payouts exceed cash flowClear-213% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear15% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $114M | $121M | $97M | $107M | $110M | 2.5% |
| Operating income | $7M | $4M | −$13M | −$8M | −$11M | 50% |
| Net income | $396K | −$23M | −$12M | −$9M | −$11M | 21% |
| Operating cash flow | $26M | $7M | −$6M | $3M | −$3M | 197% |
| Capex | $2M | $3M | $3M | $3M | $3M | 1.2% |
| Stock-based comp | $13M | $15M | $16M | $16M | $20M | 27% |
| Buybacks | $0 | $7M | $6M | $8M | $7M | 15% |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | — | — | 47 | 194 |
| FY2024 | — | — | 69 | 149 |
| FY2023 | — | — | 50 | 134 |
| FY2022 | — | — | 56 | 99 |
| FY2021 | — | — | 95 | 143 |