# OpenWorld, Inc. (OPNW) · Edgar & Edgarette company card

> OpenWorld (OPNW) saw revenue fall 32.3% in FY2025 to $16 million, operating margin -30.9% against a -6.4% median for finance services, equity 84.4% of assets. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 1104038 · fiscal year ended 2025-12-31 · 5 audited years read · [page](https://www.pops4.com/boards/company/OPNW) · [JSON](https://www.pops4.com/boards/company/OPNW.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $16M |
| Revenue growth, 1 year | -32.3% |
| Revenue growth per year | 108.5% |
| Operating margin | -30.9% (prior year -18.1%) |
| Net margin | -29.9% |
| Operating cash flow | $603,000 |
| Capital spending | $18,000 |
| Free cash flow | $585,000 |
| Cash | $4M |
| Long-term debt | — |
| Total assets | $13M |
| Total equity | $11M |
| Equity ÷ assets | 84.4% |
| Return on equity | -44.6% |
| Dividend per share | — |
| Dividend years rising | — |

## Readings, computed from those figures

- Piotroski F: 5 of 9 (middling)
- Health Harbor boat: Rotting at the dock · four or more warning signs · filed auditor change in the last 12 months; slow and jumpy: growing slower than its size class, with revenue that swings more; operating loss: a margin of -30.9% in FY2025; revenue is hard to predict: its 80% range is ±54%
- Cash Compass: In between · no clear cash pattern yet

## Edgarette's reading

Exposure: revenue $16.4M (FY2025). Experience: revenue down 32.3% on the year, up 108.5% a year over 4 years; operating margin -30.9%, down from -18.1%. Soundness: equity 84.4% of assets, return on equity -44.6%. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $7.1M and $23.9M next year (method v4.1: its own 3-year record of growth weighed at 40% against under $50M filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $6.6M to $26.0M. A statistical range, not company guidance. Against peers (36 filers, $50M+ revenue, finance services): operating margin -30.9% against a -6.4% median; growth -32.3% against 16.8%.

Range logged 2026-09-28, receipt 9e67ad93d9ad2087, status open. A statistical range, not company guidance.

## Health Watch, last 12 months

- Item 3.01 Exchange listing notice or transfer: 3, latest 2026-10-30 ([filing](https://www.sec.gov/Archives/edgar/data/1104038/000121465926013480/0001214659-26-013480-index.htm))
- Item 4.01 Auditor change: 1, latest 2026-10-08 ([filing](https://www.sec.gov/Archives/edgar/data/1104038/000121465926012713/0001214659-26-012713-index.htm))
- Item 5.02 Director or officer change: 4, latest 2026-10-26 ([filing](https://www.sec.gov/Archives/edgar/data/1104038/000121465926013228/0001214659-26-013228-index.htm))

## Recent filings

- 8-K · filed 2026-11-12 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1104038/000121465926014019/0001214659-26-014019-index.htm)
- 8-K · filed 2026-11-04 · 5.07 Submission of Matters to a Vote of Security Holders · [filing](https://www.sec.gov/Archives/edgar/data/1104038/000121465926013738/0001214659-26-013738-index.htm)
- 8-K · filed 2026-10-30 · 1.01 Entry into a Material Definitive Agreement; 8.01 Other Events; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1104038/000121465926013557/0001214659-26-013557-index.htm)
- 8-K · filed 2026-10-30 · 1.01 Entry into a Material Definitive Agreement; 3.01 Notice of Delisting or Failure to Satisfy a Listing Rule; 3.02 Unregistered Sales of Equity Securities; 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1104038/000121465926013480/0001214659-26-013480-index.htm)
- 8-K · filed 2026-10-26 · 2.02 Results of Operations and Financial Condition; 5.02 Departure or Election of Directors; Appointment of Officers; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1104038/000121465926013228/0001214659-26-013228-index.htm)
- 8-K · filed 2026-10-19 · 1.01 Entry into a Material Definitive Agreement; 3.02 Unregistered Sales of Equity Securities; 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1104038/000121465926013022/0001214659-26-013022-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0001104038.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1104038

## Cite

POPS4, Edgar & Edgarette: OpenWorld, Inc. (OPNW) company card, from the company's own SEC filings, accessed 2026-11-12, https://www.pops4.com/boards/company/OPNW. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.