Company	Price	Valuation					Profitability					Cash & leverage					Quality				Rating
		P/E	P/B	P/S	EV / EBITDA	DCF upside	Gross margin	Operating margin	Net margin	ROE	ROIC	FCF yield	Debt / equity	Net debt / EBITDA	Interest coverage	Current ratio	Dividend yield	Piotroski (0-9)	Altman Z	Rating score (1-5)
INODthis companyInnodata Inc.	$38.38	50.45×	15.14×	6.44×	31.93×	-107.9%	39.7%	16.0%	12.8%	30.1%	26.2%	2.2%	0.04×	-1.61×	0×	2.68×	0.0%	5	6.52	4	A-
AIC3.ai, Inc.	$11.96	-2.64×	1.9×	4.96×	-2.59×	-212.5%	30.9%	-194.9%	-187.9%	-71.9%	-68.2%	-15.4%	0.01×	0.13×	0×	6.64×	0.0%	1	2.51	1	C-
BBAIBigBear.ai Holdings, Inc.	$2.37	-6.59×	3.17×	15.18×	-7.2×	-131.1%	22.3%	-65.3%	-230.2%	-48.0%	-10.7%	-2.4%	0.04×	0.24×	-4.6×	1.78×	0.0%	4	7.75	2	C+
EXLSExlService Holdings, Inc.	$43.20	27.21×	7.49×	3.27×	18.09×	20.7%	38.4%	15.0%	12.0%	27.5%	17.9%	4.4%	0.44×	0.66×	17.82×	2.56×	0.0%	6	6.46	4	A-
GDYNGrid Dynamics Holdings, Inc.	$13.06	82.09×	1.41×	1.85×	18.89×	-97.5%	34.6%	-0.4%	2.3%	1.8%	-0.2%	3.3%	0.03×	-14×	0×	8.43×	0.0%	7	10.14	3	B+
IBMInternational Business Machines Corporation	$246.91	26.07×	8.46×	4.09×	19.07×	21.3%	58.2%	18.5%	15.7%	32.4%	10.4%	4.4%	2.06×	3.1×	6.46×	0.93×	2.3%	5	3.32	3	B+
Peer median	—	26.07×	3.17×	4.09×	18.09×	-97.5%	34.6%	-0.4%	2.3%	1.8%	-0.2%	3.3%	0.04×	0.24×	0×	2.56×	0.0%	5	6.46	3	—