MODN — Stock Film
STOCK FILMSCENE 1/11MODN · $30.00
Stock Expert AI presents
MODN
Model N, Inc
~4 min film100% real numbers0 jargon
WHAT DOES THIS COMPANY DO?
Model N, Inc. A quick introduction.

On the stock market since 2013, it operates in the world of technology. It has 1,089 employees. Now — the numbers.

on the stock market since 2013
1,089 employees
$1.2B market value
Revenue last year:
$0
The loss that same year:
$0
For every $1 it earns, the company spends $1.1.

The company is still in the product-building phase: its spending runs above its sales. That only changes once the product starts selling at scale.

WHERE DOES THE MONEY COME FROM?
73%License and Service
License and Service 73%Professional Services 27%
73% of all revenue comes from a single line: License and Service.

That much dependence is a risk in itself: if this one line weakens, the whole company feels it directly.

THE SALES TREND
Sales are growing, year after year.

Average growth of 15% a year over the last 4 years. Red columns mark years that ended in a loss.

$141.2M
2019
$161.1M
2020
$193.4M
2021
$219.2M
2022
$249.5M
2023
In the vault right now:
$0
DEBT: $291.5M
At this pace, that money lasts about 8.9 years.

Before the clock runs out, either sales must climb sharply or new money must come in. For now, time is on the company’s side.

THE COUNCIL REVIEW
9

angles, checked one by one.

The 2 that stand out are on screen; the rest came back neutral.

The council scores out of 10; report-card grades are out of 100.

STRENGTHS
Fat profit per sale, but shrinking8/10
WEAK SPOTS
The stock has lost its spark0/10
THE FIVE-YEAR JOURNEY
Below the peak, but no collapse.

The stock trades 33% below its peak. The market has trimmed its expectations for the company.

1
THE BRIGHT SIDE · 1/2
Sales keep climbing

Over the last 3 years, sales grew about 16% a year on average.

2
THE BRIGHT SIDE · 2/2
The product is selling

Sales run at $249.5M a year. A small number, but proof the product has real buyers.

1
THE RISKS · 1/2
Running at a loss

A loss of $33.9M against $249.5M in annual sales.

2
THE RISKS · 2/2
Executives lean toward selling

Over the last 12 months, executives reported 163 sells against just 31 buys. Not an alarm bell by itself, but a number worth watching.

FINALE · THE GRADE
C
0 / 100 · MoonshotScore

On our five-subject report card, MODN sits in the middle of the class: some subjects shine, others don’t. The grade moves as the numbers move.

The takeaway: MODN is a high-risk stock — not yet profitable, and its future rides on its product catching on.

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This was a film — not investment advice.
Data: FMP & company filings
Jul 21, 2026 · stockexpertai.com · Stock Film