Model N, Inc.
MODNDelisted Jun 27, 2024- Industry
- Services-Computer Programming, Data Processing, Etc.
- SEC CIK
- 0001118417
Model N, Inc. was delisted on Jun 27, 2024; its insiders filed their last Form 4 on Jun 27, 2024; 163 institutions reported holding it in 13F filings for Q1 2024, worth $1.13B in total; no superinvestor held it.
- Currency
- USD
- Source
- SEC XBRL data (10-K, 10-Q, 20-F, 40-F)
- Updated
- Oct 8, 2026, 12:28 PM ET
Revenue flow, FY2023
Where the revenue went in FY2023, from the income statement below. Green is profit; orange is costs, expenses and taxes. Percentages are shares of revenue; hover over a band or a bar for the exact amount.
Net loss for FY2023: $33.9M (13.6% of revenue).
Income statement
Each column is one fiscal year, newest first.
| Line item | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|
| Period end | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Nov 9, 2023 | Nov 8, 2022 | Nov 9, 2021 | Oct 8, 2020 | Nov 5, 2019 |
| Revenue | $249.5M | $219.2M | $193.4M | $161.1M | $141.2M |
| Cost of revenue | $108.2M | $97.1M | $86.6M | $65.5M | $66.1M |
| Gross profit | $141.2M | $122.0M | $106.8M | $95.6M | $75.1M |
| Operating expenses | $145.4M | $135.0M | $121.2M | $102.2M | $90.1M |
| Research and development | $48.5M | $47.6M | $44.7M | $34.4M | $30.0M |
| Selling, general and administrative | $42.9M | $39.7M | $33.3M | $28.8M | $27.2M |
| Operating income | -$4.12M | -$13.0M | -$14.4M | -$6.61M | -$15.0M |
| Income tax | $2.84M | $1.48M | $769.0K | $812.0K | $1.03M |
| Net income | -$33.9M | -$28.6M | -$29.7M | -$13.7M | -$19.3M |
| EPS, basic | $-0.89 | $-0.78 | $-0.84 | – | – |
| EPS, diluted | $-0.89 | $-0.78 | $-0.84 | – | – |
| Weighted shares, basic | 38.1M | 36.7M | 35.5M | – | – |
| Weighted shares, diluted | 38.1M | 36.7M | 35.5M | – | – |
| Margins and growth | |||||
| Gross margin | 56.6% | 55.7% | 55.2% | 59.3% | 53.2% |
| Operating margin | -1.7% | -5.9% | -7.5% | -4.1% | -10.6% |
| Net margin | -13.6% | -13.1% | -15.4% | -8.5% | -13.7% |
| Revenue growth, year over year | +13.8% | +13.3% | +20.1% | +14.0% | −8.7% |
Balance sheet
Each column is one fiscal year, newest first.
| Line item | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|
| Period end | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Nov 9, 2023 | Nov 8, 2022 | Nov 9, 2021 | Oct 8, 2020 | Nov 5, 2019 |
| Cash and equivalents | $301.4M | $193.5M | $165.5M | $200.5M | $60.8M |
| Accounts receivable | $46.3M | $35.1M | $43.2M | $35.8M | $27.0M |
| Total current assets | $383.9M | $261.5M | $222.3M | $246.4M | $94.5M |
| Property, plant and equipment | $1.24M | $1.84M | $1.91M | $1.03M | $1.04M |
| Goodwill | $65.7M | $65.7M | $65.7M | $39.3M | $39.3M |
| Intangible assets | $30.2M | $37.4M | $45.4M | $24.4M | $29.1M |
| Total assets | $500.1M | $392.2M | $363.8M | $320.3M | $169.6M |
| Accounts payable | $3.89M | $5.82M | $4.80M | $3.01M | $2.30M |
| Short-term debt | – | – | – | $0 | $4.91M |
| Total current liabilities | $93.5M | $106.9M | $96.5M | $77.7M | $76.3M |
| Long-term debt | $280.4M | $135.4M | $124.3M | $114.4M | $39.4M |
| Total liabilities | $384.6M | $257.6M | $240.3M | $195.6M | $116.9M |
| Shareholders' equity | $115.5M | $134.6M | $123.5M | $124.7M | $52.7M |
Cash flow statement
Each column is one fiscal year, newest first. Free cash flow is operating cash flow minus capital expenditures.
| Line item | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|
| Period end | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Nov 9, 2023 | Nov 8, 2022 | Nov 9, 2021 | Oct 8, 2020 | Nov 5, 2019 |
| Operating cash flow | $23.6M | $25.3M | $19.6M | $14.4M | $10.4M |
| Capital expenditures | $447.0K | $993.0K | $1.05M | $579.0K | $280.0K |
| Free cash flow | $23.1M | $24.3M | $18.5M | $13.8M | $10.2M |
| Depreciation and amortization | $8.22M | $8.99M | $7.97M | $5.50M | $6.79M |
| Stock-based compensation | $38.8M | $36.1M | $30.0M | $22.5M | $21.3M |
| Investing cash flow | -$447.0K | -$993.0K | -$58.9M | -$579.0K | -$280.0K |
| Financing cash flow | $84.2M | $4.54M | $4.62M | $125.9M | -$6.13M |
| Net change in cash | $107.3M | $28.3M | -$34.7M | $139.7M | $4.08M |
| Ratio | |||||
| Stock-based compensation, % of revenue | 15.5% | 16.5% | 15.5% | 14.0% | 15.1% |
Shares outstanding
Common shares outstanding as stated on the cover of each 10-K and 10-Q. The date is the cover date, not the period end; a rising count means dilution.
Notes and known gaps
How these numbers are put together, and what they can't tell you.
- Numbers come from the XBRL data in each period's original 10-K, 10-Q, 20-F or 40-F, or its amendment. They are shown as filed: later filings don't restate earlier periods here.
- Reported is the filing date of the first 8-K with Item 2.02 (results of operations) after the period ended, no later than the 10-Q or 10-K and within 120 days. Companies that release results only in the 10-Q, and foreign companies, which use Form 6-K, have none.
Known gaps
- Foreign companies that file Form 20-F or 40-F have annual statements only: their quarterly results are furnished on Form 6-K, which has no XBRL data.
- EPS and share counts are as reported at the time, not adjusted for later stock splits.
- For ADRs, EPS is per ordinary share, not per ADS (one TSMC ADS is five ordinary shares).
- For banks, revenue may be interest income only, depending on how the bank tags its filings; cost of revenue and gross profit are usually blank.
- Companies with several share classes, such as Berkshire Hathaway, may have no EPS and no cover share count.
- Depreciation and amortization is missing for some companies that report it under their own XBRL tags.