olivLaw · US equity research
ReposiTrak, Inc. TRAK
Services-Computer Processing & Data Preparation · SIC 7374 · Vertical: Services-Computer Processing & Data Preparation (SIC 7374)
ReposiTrak, Inc. is a SaaS company offering B2B platforms for e-commerce, compliance, traceability and supply chain management, mainly for food retailers, wholesalers and their suppliers. With traceability requirements under FSMA 204 driving demand, its business has become more relevant, and in fiscal 2026 revenue reached 23.3 million USD, up about 3%.
At the close of 04 Nov 2026, ReposiTrak, Inc. (TRAK) stock was 7.29 USD (+5.96% on the day), with market capitalisation 132.7 m USD, P/E 18.7 on diluted EPS of 0.39 USD over the last 12 months, dividend yield 1.23%, beta 0.91, 52-week range 6.88–15.33 USD. Latest reported quarter (Q4 2026): revenue of 5.6 m USD (−3.2% YoY), net income of 2.1 m USD (+15.7% YoY), diluted EPS 0.11 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
Loading chart…
Technical reading
- RSI (14)
- 44.9
- weak (30–45)
- Bollinger (20, 2)
- 6.82 – 7.81
- in the lower half of the band · %B 0.48 · band width 13.6%
- SMA 50 / 200
- 7.79 / 8.71
- downtrend (price < SMA50 < SMA200)
- MACD (12, 26, 9)
- -0.23 / -0.24
- MACD above signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | −9.8% | −1.1% | −8.7 pp | — |
| 3 months | −15.3% | −0.5% | −14.9 pp | — |
| 6 months | −25.0% | +4.4% | −29.4 pp | — |
| Year to date | −41.1% | +12.3% | −53.4 pp | — |
| 1 year | −51.5% | +13.5% | −65.0 pp | −24.7% |
| 3 years | −26.4% | +76.4% | −102.8 pp | −26.7% |
| 5 years | +30.2% | +63.7% | −33.5 pp | — |
Price returns, dividends excluded.
Quarterly results
Latest quarter: Q4 2026 · 30 Jun 2026
Quarterly margins
Quarterly statements · USD
| Fiscal year | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | Q4 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 5.4 m | 5.5 m | 5.9 m | 5.8 m | 6.0 m | 5.9 m | 5.9 m | 5.6 m |
| Cost of revenue | 859.2 k | 1.0 m | 911.7 k | 907.9 k | 854.2 k | 853.7 k | 803.4 k | 795.6 k |
| Operating income | 1.5 m | 1.4 m | 1.8 m | 1.6 m | 1.9 m | 1.8 m | 2.3 m | 1.9 m |
| Depreciation & amortisation | 280.2 k | 304.7 k | 328.7 k | 337.9 k | 243.7 k | 223.9 k | 95.4 k | 84.5 k |
| Interest expense | 10.2 k | 12.0 k | 12.8 k | 13.6 k | 11.3 k | 9.4 k | 9.2 k | 8.6 k |
| Pre-tax income | 1.8 m | 1.7 m | 2.1 m | 2.0 m | 2.3 m | 2.1 m | 2.4 m | 2.7 m |
| Income tax | 150.0 k | 152.1 k | 149.9 k | 223.8 k | 450.0 k | 450.0 k | 450.0 k | 600.0 k |
| Net income | 1.7 m | 1.6 m | 2.0 m | 1.8 m | 1.8 m | 1.7 m | 2.0 m | 2.1 m |
| Diluted EPS | 0.08 | 0.08 | 0.10 | 0.09 ≈ | 0.09 | 0.09 | 0.10 | 0.11 ≈ |
| Operating cash flow | 1.9 m | 3.5 m ≈ | 1.4 m ≈ | 1.7 m | 1.5 m | 2.2 m ≈ | 2.1 m ≈ | 2.4 m |
| Capex | 0 | 0 ≈ | 8.8 k ≈ | 7.2 k | 11.8 k | -1 ≈ | 0 ≈ | 4.8 k |
| Dividends paid | 423.0 k | 408.9 k ≈ | 510.3 k ≈ | 314.1 k | 402.9 k | 424.5 k ≈ | 410.8 k ≈ | 397.8 k |
| Share repurchases | 0 | 100.0 k ≈ | 0 ≈ | 100.0 k | 150.0 k | 1.1 m ≈ | 549.9 k ≈ | 0 |
≈ derived quarter (cumulative difference / share-days average)
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Today's P/E sits at the 0 percentile of its own 39-quarter history (min 20.3, median 40.8, max 109.6; quarters with earnings only).
Fiscal years
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 21.2 m | 20.0 m | 21.0 m | 18.0 m | 19.1 m | 20.5 m | 22.6 m | 23.3 m |
| Revenue YoY | −3.9% | −5.3% | +4.8% | −14.1% | +5.8% | +7.1% | +10.5% | +3.0% |
| Net income | 3.9 m | 1.6 m | 4.1 m | 4.0 m | 5.6 m | 6.0 m | 7.0 m | 7.6 m |
| Net income YoY | +14.5% | −59.2% | +158.4% | −2.8% | +39.6% | +6.6% | +17.1% | +8.5% |
| Diluted EPS | 0.16 | 0.05 | 0.18 | 0.18 | 0.27 | 0.29 | 0.35 | 0.39 |
| Diluted EPS YoY | +14.3% | −68.8% | +260.0% | 0.0% | +50.0% | +7.4% | +20.7% | +11.4% |
| net % | 18.4% | 8.0% | 19.6% | 22.2% | 29.3% | 29.1% | 30.9% | 32.5% |
| Free cash flow | 3.1 m | 3.5 m | 5.3 m | 6.1 m | 8.7 m | 6.9 m | 8.4 m | 8.2 m |
Reported results vs expectations
Loading…
Balance sheet & financial health
Fiscal year 2026 · 30 Jun 2026
- Cash
- unavailable USD
- Financial debt
- 232.8 k USD
- Net debt
- unavailable USD
- Equity
- 52.3 m USD
- Total assets
- 60.9 m USD
- Debt / equity
- 0.00x
- Current ratio
- 3.85x
- ROE
- 14.9%
- ROA
- 13.0%
- FCF margin
- 35.2%
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Revenue | 21.0 m | 18.0 m | 19.1 m | 20.5 m | 22.6 m | 23.3 m | SEC (XBRL)· 28 Sept 2026verified |
| Cost of revenue | 6.9 m | 3.2 m | 3.3 m | 3.4 m | 3.7 m | 3.3 m | SEC (XBRL)· 28 Sept 2026verified |
| Gross profit | 14.1 m ≈ | 14.9 m ≈ | 15.8 m ≈ | 17.0 m ≈ | 18.9 m ≈ | 20.0 m ≈ | SEC (XBRL)· 28 Sept 2026derived |
| Operating income | 2.9 m | 4.4 m | 5.1 m | 5.0 m | 6.2 m | 7.8 m | SEC (XBRL)· 28 Sept 2026verified |
| Depreciation & amortisation | 1.0 m | 875.6 k | 1.1 m | 1.2 m | 1.3 m | 647.6 k | SEC (XBRL)· 28 Sept 2026verified |
| EBITDA | 3.9 m ≈ | 5.3 m ≈ | 6.2 m ≈ | 6.2 m ≈ | 7.5 m ≈ | 8.5 m ≈ | SEC (XBRL)· 28 Sept 2026derived |
| Interest expense | 106.7 k | 44.3 k | 61.0 k | 28.2 k | 48.7 k | 38.5 k | SEC (XBRL)· 28 Sept 2026verified |
| Pre-tax income | 4.2 m | 4.1 m | 5.9 m | 6.3 m | 7.7 m | 9.5 m | SEC (XBRL)· 28 Sept 2026verified |
| Income tax | 76.9 k | 130.0 k | 321.4 k | 374.5 k | 675.9 k | 1.9 m | SEC (XBRL)· 28 Sept 2026verified |
| Net income | 4.1 m | 4.0 m | 5.6 m | 6.0 m | 7.0 m | 7.6 m | SEC (XBRL)· 28 Sept 2026verified |
| Diluted EPS | 0.18 | 0.18 | 0.27 | 0.29 | 0.35 | 0.39 | SEC (XBRL)· 28 Sept 2026verified |
| Weighted average diluted shares | 19.8 m | 19.4 m | 18.8 m | 18.9 m | 19.1 m | 19.0 m | SEC (XBRL)· 28 Sept 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Revenue − Cost of revenue; Operating income + Depreciation & amortisation.
Balance sheet · USD
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 24.1 m | — | — | — | — | — | SEC (XBRL)· 28 Sept 2021verified |
| Receivables | 3.9 m | 3.2 m | 2.5 m | 3.7 m | 4.1 m | 4.6 m | SEC (XBRL)· 28 Sept 2026verified |
| Current assets | 29.7 m | 26.6 m | 27.3 m | 29.3 m | 33.7 m | 32.8 m | SEC (XBRL)· 28 Sept 2026verified |
| Property, plant & equipment, net | 2.6 m | 764.5 k | 986.3 k | 513.3 k | 602.2 k | 303.9 k | SEC (XBRL)· 28 Sept 2026verified |
| Goodwill | 20.9 m | 20.9 m | 20.9 m | 20.9 m | 20.9 m | 20.9 m | SEC (XBRL)· 28 Sept 2026verified |
| Intangibles (excl. goodwill) | 525.6 k | — | — | — | — | — | SEC (XBRL)· 28 Sept 2021verified |
| Total assets | 55.0 m | 49.3 m | 50.6 m | 51.6 m | 55.3 m | 60.9 m | SEC (XBRL)· 28 Sept 2026verified |
| Accounts payable | 467.2 k | 690.6 k | 431.4 k | 265.1 k | 282.1 k | 522.4 k | SEC (XBRL)· 28 Sept 2026verified |
| Short-term debt | 0 | — | 219.3 k | 218.0 k | 231.2 k | 232.8 k | SEC (XBRL)· 28 Sept 2026verified |
| Current liabilities | 9.3 m | 6.1 m | 4.2 m | 4.5 m | 5.5 m | 8.5 m | SEC (XBRL)· 28 Sept 2026verified |
| Total liabilities | 9.9 m | 6.4 m | 4.7 m | 4.7 m | 5.8 m | 8.6 m | SEC (XBRL)· 28 Sept 2026verified |
| Equity | 45.1 m † | 42.9 m † | 45.9 m † | 46.9 m † | 49.5 m † | 52.3 m † | SEC (XBRL)· 28 Sept 2026verified |
† equity attributable to the parent's shareholders: in these years the issuer no longer reports the total including non-controlling interests.
Cash flow · USD
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Operating cash flow | 5.4 m | 6.1 m | 8.9 m | 7.0 m | 8.4 m | 8.2 m | SEC (XBRL)· 28 Sept 2026verified |
| Capex | 147.1 k | 50.8 k | 133.9 k | 73.3 k | 16.0 k | 16.6 k | SEC (XBRL)· 28 Sept 2026verified |
| Free cash flow | 5.3 m ≈ | 6.1 m ≈ | 8.7 m ≈ | 6.9 m ≈ | 8.4 m ≈ | 8.2 m ≈ | SEC (XBRL)· 28 Sept 2026derived |
| Investing cash flow | -318.9 k | 1.3 m | -903.2 k | -100.7 k | 169 | -4.1 m | SEC (XBRL)· 28 Sept 2026verified |
| Financing cash flow | -1.4 m | -10.0 m | -5.4 m | -5.7 m | -5.0 m | -5.4 m | SEC (XBRL)· 28 Sept 2026verified |
| Dividends paid | 586.4 k | 586.4 k | 1.4 m | 1.7 m | 1.7 m | 1.6 m | SEC (XBRL)· 28 Sept 2026verified |
| Share repurchases | 1.3 m | 6.1 m | 1.3 m | 1.5 m | 200.0 k | 1.8 m | SEC (XBRL)· 28 Sept 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
4 indicators that do not apply to the sector.
Valuation
olivLaw classification
- valuation methods computed: 0 of at least 1
A scoring methodology on indicators and valuation, not investment advice.
Closing price
04 Nov 2026Source: olivLaw, closing series
Market cap: 132.7 m USD
Key indicators
Coverage and freshness
Score by group
77% · Insufficient data
Estimated value range
unavailable — no valuation method could be computed
Valuation assumptions are editorial choices, not measured; beta is not measured.
Valuation methods
- DCF (discounted cash flow)unavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
- Peers: EV/Salesunavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
- Peers: EV/EBITDAunavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
no valuation method could be computed
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Insufficient data
Minimum-evidence gate: valuation methods computed: 0 of at least 1
| Factor | Value | Score | Weight used |
|---|---|---|---|
| Gross margin · Quality | 85.8% | 100 (on a fixed band) | 14% |
| EBIT margin · Quality | 33.7% | 95 (vs peers) | 11% |
| FCF margin · Quality | 35.2% | 100 (on a fixed band) | 11% |
| Revenue CAGR 3Y · Growth | 6.8% | 27 (on a fixed band) | 22% |
| Revenue growth (YoY) · Growth | 3.0% | 31 (vs peers) | 11% |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Current ratio · Balance sheet | 3.9x | 100 (on a fixed band) | 8% |
| EV/Sales · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | 6.2% | 100 (on a fixed band) | 17% |
| Shareholder yield (distributions) · Returns | 2.6% | 76 (on a fixed band) | 6% |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet· partial100/100 · 1/2 factors with a value
- Growth28/100 · 2/2 factors with a value
- Quality98/100 · 3/3 factors with a value
- Returns76/100 · 1/1 factors with a value
- Valuation· partial100/100 · 1/2 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
REPOSITRAK, INC. (TRAK). Latest full fiscal year: 2026; data up to 2026-06-30.
Figures computed from the financial statements: revenue 23.3 m USD in 2026; YoY growth 3.0%; net margin 32.5%; ROE 14.9%.
Valuation cannot be computed from the available data.
Insufficient data for a verdict (valuation methods computed: 0 of at least 1).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- Gross margin: 85.8%
- EBIT margin: 33.7%
- FCF margin: 35.2%
- Current ratio: 3.9x
- FCF yield: 6.2%
- Shareholder yield (distributions): 2.6%
What contradicts it
- Revenue CAGR 3Y: 6.8%
Not assessed (insufficient data or a ratio without meaning): Net debt / EBITDA, EV/Sales.
Versus the vertical median
Services-Computer Processing & Data Preparation (SIC 7374) · same industry (4-digit SIC) · compared with 39 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| ADPAutomatic Data Processing, Inc. | 119.8 bn | 27.7 | 77.0% | 20.1% | +6.7% | +19% / +32% |
| WDAYWorkday, Inc. | 44.4 bn | 40.9 | 16.0% | 12.3% | +13.1% | −6% / −25% |
| VRSKVerisk Analytics, Inc. | 25.9 bn | 30.1 | — | 29.3% | +6.6% | −12% / −18% |
| FIRYFiry Inc. | 4.3 bn | — | -63.0% | -60.2% | +12.5% | +107% / +94% |
| FAFirst Advantage Corp | 3.9 bn | 160.5 | 1.9% | 1.5% | +83.0% | +62% / +45% |
| FIVNFive9, Inc. | 2.7 bn | 52.7 | 7.9% | 4.9% | +10.3% | +86% / −52% |
| RAMPLiveRamp Holdings, Inc. | 2.3 bn | 15.8 | 16.2% | 18.7% | +9.0% | +41% / +39% |
| INFQInfleqtion, Inc. | 1.9 bn | — | -70.8% | — | unavailable | unavailable / unavailable |
| INODInnodata Inc | 1.5 bn | 32.8 | 37.7% | 14.7% | +47.6% | −25% / +541% |
| CLVTClarivate PLC | 1.4 bn | — | -8.2% | -15.1% | −4.0% | −44% / −73% |
| UPWKUpwork Inc. | 1.3 bn | 12.9 | 16.3% | 13.5% | +2.4% | −48% / −27% |
| LZLegalZoom.com, Inc. | 1.1 bn | 56.0 | 12.1% | 2.6% | +10.9% | −26% / −40% |
| PLTKPlaytika Holding Corp. | 808.6 m | — | — | -9.9% | +8.1% | −48% / −76% |
| YEXTYext, Inc. | 775.0 m | 40.6 | 27.8% | 5.9% | +6.1% | −7% / +18% |
| NRDSNerdWallet, Inc. | 754.4 m | 13.3 | 18.2% | 7.6% | +21.7% | −21% / +1% |
| NXTTNext Technology Holding Inc. | 736.5 m | — | -59.4% | -2,356.0% | +545.3% | −99% / −100% |
| CARSCars.com Inc. | 682.5 m | 22.4 | 7.4% | 4.7% | +0.6% | +10% / −32% |
| IBEXIBEX Limited | 593.6 m | 14.3 | 30.4% | 7.2% | +15.4% | +27% / +152% |
| OOMAOoma, Inc. | 524.7 m | 49.8 | 11.7% | 3.6% | +6.5% | +69% / +64% |
| GRVYGravity Co., Ltd. | 475.7 m | 0.0 | 16.5% | 17.0% | −31.0% | +19% / −6% |
| EGHT8x8, Inc. | 326.4 m | 55.5 | 3.5% | 0.6% | +2.9% | +16% / −27% |
| TCXTucows Inc | 140.3 m | — | — | -21.2% | +7.7% | −42% / −41% |
| TRAKRepositrak, Inc. | 132.7 m | 18.7 | 14.9% | 32.5% | +3.0% | −51% / −26% |
| BIRDSmartbird, Inc. | 92.1 m | — | -164.0% | -72.8% | −19.7% | −68% / −91% |
| VERIVeritone, Inc. | 56.7 m | — | -517.7% | -117.5% | −0.5% | −87% / −73% |
1- and 3-year price returns: for TRAK from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | 4.70 Total return -35% · Per year -35% | 8.30 Total return 14% · Per year 14% | 12.50 Total return 71% · Per year 71% |
| 3 years | 4.78 Total return -34% · Per year -13% | 9.48 Total return 30% · Per year 9% | 15.63 Total return 114% · Per year 29% |
| 5 years | 4.86 Total return -33% · Per year -8% | 10.82 Total return 48% · Per year 8% | 19.55 Total return 168% · Per year 22% |
- Exit P/E± 2.37
- Net margin± 1.66
- Annual revenue growth± 1.33
- Annual dilution± 0.14
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
In brief
ReposiTrak, Inc. is a SaaS company offering B2B platforms for e-commerce, compliance, traceability and supply chain management, mainly for food retailers, wholesalers and their suppliers. With traceability requirements under FSMA 204 driving demand, its business has become more relevant, and in fiscal 2026 revenue reached 23.3 million USD, up about 3%.
SWOT
Strengths
- Recurring subscription model with a customer base built through the hub and spoke relationship, which could support predictable revenue 1.
- Solid balance sheet with no bank debt at the end of fiscal 2026, giving flexibility for investment 2.
- Pending patents and proprietary traceability technology that may differentiate the offering from competitors 1.
Weaknesses
- Dependence on the founder and chief executive, whose departure could seriously affect operations 1.
- Revenue is relatively small and can fluctuate, and quarterly results may vary sharply due to hard-to-predict factors 1.
- Competitors are larger with greater financial resources, which could allow them lower prices or faster development 1.
Opportunities
- Traceability requirements extending beyond FSMA 204 could create additional demand for RTN, especially ahead of the official deadline 12.
- The SPAR Group partnership for Touchless Merchandising could open a new revenue source for the supply chain suite 2.
- Expansion into other industries and customers outside food could reduce dependence on US retail 1.
Threats
- The postponed FSMA 204 deadline may reduce urgency to adopt and could delay new contracts 1.
- Competition from larger vendors with bigger budgets and sales forces could erode market share 1.
- If systems fail to perform, the company's reputation and contracts could be seriously affected, including through litigation 1.
Risks
- Dependence on one leaderhigh
Operations depend heavily on the expertise of the founder and chief executive, whose loss could affect the business 1.
- Fluctuating revenuemedium
New subscriptions and professional services can vary widely, and the company acknowledges that sales forecasting is difficult 1.
- Liability for recallsmedium
If a customer is sued over a recalled product, the company could be joined in the suit, with high defense costs 1.
- Competition with greater resourcesmedium
Larger competitors could offer better terms to customers, which could lead to lost clients or lower prices 1.
- Intellectual property protectionlow
Protection of software through patents and copyright is not assured, and piracy or copying could erode the technological edge 1.
Investment thesis
What would need to be true (bull case)
- Rising revenue, operating income and cash flow, together with a balance sheet free of bank debt, could give the company room to invest and return capital to shareholders 2.
- Demand for traceability appears to be rising, and RTN is presented as a differentiated farm-to-shelf solution that could accelerate adoption before the official deadline 12.
- The SPAR Group partnership could add new revenue if Touchless Merchandising attracts more suppliers and retailers 2.
What would break the thesis
- Revenue growth was modest and fell in the fourth quarter, which could suggest expansion is slower than hoped 2.
- The postponed compliance deadline could delay new contracts, and larger competitors could weigh on the company's commercial position 1.
- Dependence on the founder and complex transactions, including the SPAR agreement, could add operational and execution risks 1.
What to watch
- Trend in quarterly revenue and new RTN contractsQ1 2027
- Progress of Touchless Merchandising and the SPAR Group arrangement2027
- Evolution of operating margin after expense reductionsnext 10-K
- Payments under the SPAR credit facility and promissory note2027
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
The business
The company builds software in a 'hub and spoke' model: retailers and wholesalers (Hubs) require their suppliers (Spokes) to use its services. Products are grouped into three suites: Compliance Management, ReposiTrak Traceability Network (RTN) and Supply Chain Solutions 1.
Revenue comes from subscription fees, transaction-based fees, professional services, licenses, and hosting and maintenance fees. Recurring subscription payments are the most important part of the business 1.
In fiscal 2026 the company announced Touchless Merchandising, a go-to-market collaboration with SPAR Group that combines ReposiTrak technology with SPAR's field organization, and it provided SPAR with a credit facility 2.
Segments
Compliance Management
This suite helps customers vet suppliers and reduce regulatory, legal and criminal risk in the supply chain by ensuring compliance with food safety rules such as FSMA 1.
Traceability Network (RTN)
RTN helps customers meet federal traceability rules by capturing and sharing key data elements at each critical tracking event, from farm to shelf. The company presents it as the main growth driver over the medium term 12.
Supply Chain Solutions
This suite helps customers manage supplier interactions more efficiently, including out-of-stock management and scan-based trading, which may lower working capital and labor costs 1.
Market context
The target market is US food retail, convenience stores and general merchandise, where regulatory pressure on food safety and traceability keeps rising. The company says retailer requirements already go beyond the strict scope of FSMA 204 1.
The FSMA 204 compliance deadline was extended to July 20, 2028, but adoption of traceability tools keeps accelerating due to commercial and competitive pressure. If this continues, demand for the company's services could remain solid 12.
Trends
- Expanding traceability requirementstailwind
Major retailers demand traceability for more data elements and all food categories, with timelines ahead of FDA enforcement. This could expand demand for RTN 1.
- Extended compliance deadlineheadwind
The 30-month extension of FSMA 204 may reduce the immediate pressure to implement solutions, which could slow some purchasing decisions 1.
- Pressure on food retailmixed
Online competition, tort risks and consumer demand for product diversity increase pressure on retailers, which could make them more cautious about new costs 1.
- Food safety incidentsmixed
Recent 2026 recalls may reinforce the need for end-to-end traceability, but they may also draw attention to liability for software providers 2.
Competitive position
The company competes with software vendors, developers and integrators, B2B exchanges, consulting firms, focused solution providers and business intelligence platforms. Competitors are often much larger, with bigger sales forces and marketing budgets 1.
The company argues its advantage lies in deep industry knowledge, the breadth of its offering and long-standing trade association relationships, and its patent-pending traceability technologies may support differentiation 1.
- Software vendors and integrators
General competitors named in the source, larger and with greater financial resources, without a specific name in the analyzed text 1.
- B2B exchanges
B2B exchange platforms that may compete for the same retailer and supplier relationships 1.
- Consulting firms
Consultants offering comparable supply chain optimization and integration services 1.
- Business intelligence platforms
Analytics platforms that may offer features partly overlapping with supply chain data management 1.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
Loading the links…
News & filings
In the press
No news in our archive over the last 180 days.
SEC filings
- Proxy statement02 Oct 2026
- Current report30 Sept 2026Results of operations · Regulation FD disclosure · Financial statements and exhibits
- Annual report28 Sept 2026
- Current report18 Aug 2026Material agreement · Departure or appointment of officers · Financial statements and exhibits
- Current report08 Jul 2026Material agreement · Creation of a direct financial obligation · Other events · Financial statements and exhibits
- Current report18 Jun 2026Other events · Financial statements and exhibits
- Current report03 Jun 2026Other events · Financial statements and exhibits
- Current report18 May 2026Results of operations · Regulation FD disclosure · Financial statements and exhibits
- Quarterly report14 May 2026
- Current report24 Mar 2026Other events · Financial statements and exhibits
Sources
- [1] Form 10-K, fiscal year ended 2026-06-30 · SEC / ReposiTrak, Inc. · 28 Sept 2026
- [2] Form 8-K, results release (exhibit 99.1) · SEC / ReposiTrak, Inc. · 30 Sept 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.