Intellinetics, Inc. (INLX) Stock

Intellinetics, Inc. (INLX) is a Technology stock trading at $6.14 (as of 2026-08-14), with a market capitalization of $27.60M. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Intellinetics, Inc. designs, develops, tests, and licenses document services and software, operating in Document Management and Document Conversion. It provides software for capturing and managing documents and related services such as scanning, storage, support, and integration, selling directly and through resellers and also offering access to its solutions via software-as-a-service.

Understand Intellinetics, Inc.: how it makes money

Intellinetics designs, develops, tests, markets, and licenses document services and software, including its IntelliCloud platform, which helps customers capture and manage scanned hard-copy documents and digital documents across channels like Microsoft Office 365 and other digital media, generating money through software-related offerings such as SaaS and related services.

The company appears to be built around expanding live customer usage of its IntelliCloud software platform, which should translate into Annualized Software as a Service Recurring Revenue, tracked alongside Live Reference Accounts and accounts scheduled to go live.

Revenue by segment (latest quarter)
Doc Mgmt	$0.0B
Doc Conv	$0.0B

Business quality (Weak): Good clarity on the business model and operating KPIs (live reference accounts and SaaS recurring revenue), but the provided facts do not include a numeric split of revenue between the two official segments.

Bull case

Software platform for capturing and managing documents: Its IntelliCloud platform supports document capture and management across scanned hard-copy documents and digital inputs, including Microsoft Office 365 and other digital media.
Trackable commercial funnel using live reference accounts: The company reports Live Reference Accounts and also discloses Additional Live Reference Accounts Scheduled to Go Live, which helps investors monitor customer deployment progress.
SaaS emphasis in operating KPIs: Operating metrics explicitly track Annualized Software as a Service Recurring Revenue and Software as a Service Revenue, indicating recurring revenue is a key focus.

Bear case

Loss-making at the operating level: The latest quarter shows an operating margin of -30.3%, which indicates significant operating costs relative to revenue.
Provided data shows zero revenue figures: The provided financial data shows revenue_b as 0.0 for the latest quarter, and several revenue-related line items in the candidates are also shown as 0.0.
Commercial conversion risk: Additional live reference accounts are scheduled to go live, but the path from scheduled go-live activity to measurable SaaS recurring revenue may not be immediate, especially since the provided SaaS recurring revenue metric is shown as 0.0.

Valuation — source: SEC EDGAR (first-party)
Price	$6.14
Market Cap	$27.60M
Price / Book	2.82
Price / Sales	1.71
FCF Yield	1.7%

Profitability & Growth — source: SEC EDGAR
Revenue (TTM)	$16.58M
Net Margin	-11.3%
Revenue Growth (YoY)	-1.6%
EPS Growth (YoY)	84.6%
FCF Growth (YoY)	-110.3%

Financial Health — source: SEC EDGAR
Altman Z-Score	1.51 (distress)

Valuation vs Sector & Industry
Sector P/E (Technology)	33.9
Industry P/E (Business Services)	30.0

Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional Holder	BARD ASSOCIATES INC ($2.48M)
Institutional Holders Tracked	10

Company
Sector	Technology
Industry	Business Services
CEO	Thomas D. Moss
Employees	138
Country	US
IPO Date	2012-02-22

Related Companies (Business model: SaaS / Subscription Software (Enterprise); 8 closest by market cap; US-domiciled)

Data as of 2026-08-14.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.