# Marchex, Inc. (MCHX) · Edgar & Edgarette company card

> Marchex (MCHX) saw revenue fall 5.6% in FY2025 to $45 million, operating margin -12.6% against a 0.9% median for prepackaged software, equity 75.8% of assets, and dividend per share up 1 year running. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 1224133 · fiscal year ended 2025-12-31 · 5 audited years read · [page](https://www.pops4.com/boards/company/MCHX) · [JSON](https://www.pops4.com/boards/company/MCHX.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $45M |
| Revenue growth, 1 year | -5.6% |
| Revenue growth per year | -4.0% |
| Operating margin | -12.6% (prior year -9.2%) |
| Net margin | -11.5% |
| Operating cash flow | −$1M |
| Capital spending | $36,000 |
| Free cash flow | −$1M |
| Cash | $10M |
| Long-term debt | — |
| Total assets | $40M |
| Total equity | $30M |
| Equity ÷ assets | 75.8% |
| Return on equity | -17.4% |
| Dividend per share | $0.5 |
| Dividend years rising | 1 |

## Readings, computed from those figures

- Altman Z: -23.09 (distress zone)
- Piotroski F: 3 of 9 (middling)
- Beneish M: -2.9 (below the −1.78 line)
- Health Harbor boat: Rotting at the dock · four or more warning signs · filed material impairment in the last 12 months; operating cash flow was negative; operating loss: a margin of -12.6% in FY2025; revenue is hard to predict: its 80% range is ±35%
- Cash Compass: In between · no clear cash pattern yet

## Edgarette's reading

Exposure: revenue $45.4M (FY2025). Experience: revenue down 5.6% on the year, down 4.0% a year over 4 years; operating margin -12.6%, down from -9.2%. Soundness: equity 75.8% of assets, return on equity -17.4%, dividend per share up 1 year running. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $29.3M and $60.7M next year (method v4.1: its own 6-year record of growth weighed at 63% 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 $27.9M to $63.9M. A statistical range, not company guidance. Against peers (140 filers, $50M+ revenue, services-prepackaged software): operating margin -12.6% against a 0.9% median; growth -5.6% against 13.0%.

Range logged 2026-10-27, receipt f76b1a82cf75381f, status open. A statistical range, not company guidance.

## Health Watch, last 12 months

- Item 2.06 Material impairment: 1, latest 2026-05-01 ([filing](https://www.sec.gov/Archives/edgar/data/1224133/000119312526201467/0001193125-26-201467-index.htm))
- Item 5.02 Director or officer change: 3, latest 2026-02-18 ([filing](https://www.sec.gov/Archives/edgar/data/1224133/000119312526057077/0001193125-26-057077-index.htm))

## Recent filings

- DEF 14A · filed 2026-11-04 · [filing](https://www.sec.gov/Archives/edgar/data/1224133/000119312526447292/0001193125-26-447292-index.htm)
- 10-Q · filed 2026-08-13 · [filing](https://www.sec.gov/Archives/edgar/data/1224133/000119312526349234/0001193125-26-349234-index.htm)
- 8-K · filed 2026-08-12 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1224133/000119312526346915/0001193125-26-346915-index.htm)
- 8-K · filed 2026-07-01 · 1.01 Entry into a Material Definitive Agreement; 2.01 Completion of Acquisition or Disposition of Assets; 2.03 Creation of a Direct Financial Obligation; 3.02 Unregistered Sales of Equity Securities; 5.07 Submission of Matters to a Vote of Security Holders; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1224133/000119312526292561/0001193125-26-292561-index.htm)
- 10-Q · filed 2026-05-14 · [filing](https://www.sec.gov/Archives/edgar/data/1224133/000119312526224062/0001193125-26-224062-index.htm)
- 8-K · filed 2026-05-13 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1224133/000119312526221701/0001193125-26-221701-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0001224133.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1224133

## Cite

POPS4, Edgar & Edgarette: Marchex, Inc. (MCHX) company card, from the company's own SEC filings, accessed 2026-11-05, https://www.pops4.com/boards/company/MCHX. 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.