Company / Stock (250)3-Year Statement
Golden Door Asset's Financial Engine connects audited SEC 10-K/10-Q income statements, balance sheets, and cash flow statements to a deterministic 5-year unlevered DCF valuation, Reverse-DCF implied growth solver, ASC 350-40 software capitalization bridge, and 1-year lagged R&D capital efficiency benchmark across 251 public software companies (167 ranked in the R&D Return universe).
Discounting 5-year unlevered FCF at 10.0% WACC and 2.5% terminal growth ($77.4M PV of FCF + $172.3M PV of Terminal Value)
| DCF Cash Flow Line | TTM | Y1 | Y2 | Y3 | Y4 | Y5 |
|---|---|---|---|---|---|---|
| Projected Revenue | $91.1M | $90.9M | $90.7M | $90.5M | $90.3M | $90.1M |
| Operating EBIT | $8.0M | $7.9M | $7.9M | $7.9M | $7.9M | $7.9M |
| Unlevered Free Cash Flow (FCF) | $20.5M (23%) | $20.5M (23%) | $20.4M (23%) | $20.4M (23%) | $20.4M (23%) | $20.3M (23%) |
| Discounted PV of FCF (@ 10.0% WACC) | $18.7M | $16.9M | $15.4M | $13.9M | $12.6M | $11.5M |
| WACC \ Term g | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% |
|---|---|---|---|---|---|
| 8.0% | $13.44 | $14.13 | $14.95 | $15.94 | $17.14 |
| 9.0% | $12.01 | $12.51 | $13.08 | $13.75 | $14.54 |
| 10.0% | $10.92 | $11.29 | $11.71 | $12.19 | $12.74 |
| 11.0% | $10.06 | $10.35 | $10.66 | $11.02 | $11.42 |
| 12.0% | $9.37 | $9.59 | $9.83 | $10.11 | $10.41 |
Synchronized directly with the 3-Year Operating Statement (73.3% Gross Margin · -0.2% Growth · 3.1% SBC/Rev)
| Income Statement Line | FY24ASEC 10-K | FY25ASEC 10-K | FY26ASEC 10-K | Year 1 (2026)Forecast | Year 2 (2027)Forecast | Year 3 (2028)Forecast |
|---|---|---|---|---|---|---|
| Revenue | $92.8M | $88.4M | $91.1M | $91.1M | $90.9M | $90.7M |
| YoY Revenue Growth (%) | -5.3% | -4.7% | 3.1% | -0.2% | -0.2% | -0.2% |
| Cost of Revenue (COGS) | ($27.6M) | ($26.4M) | ($24.3M) | ($24.3M) | ($23.8M) | ($23.3M) |
| Gross Profit & Margin | $65.2M (70.3%) | $62.0M (70.1%) | $66.8M (73.3%) | $66.8M (73.3%) | $67.2M (73.8%) | $67.5M (74.3%) |
| Research & Development (R&D) | — | — | — | $29.4M | $28.2M | $27.0M |
| Sales & Marketing (S&M) | — | — | — | $19.1M | $18.3M | $17.5M |
| General & Administrative (G&A) | — | — | — | $10.3M | $9.9M | $9.4M |
| Operating EBIT | $6.0M (6.4%) | $4.4M (5.0%) | $8.0M (8.7%) | $8.0M (8.7%) | $10.8M (11.8%) | $13.5M (14.9%) |
| Adjusted EBITDA | — | — | — | $10.9M (11.9%) | $13.7M (15.0%) | $16.4M (18.1%) |
eGain Corporation (EGAN) earns a "Watch" rating and an institutional Quality Score of 87/100 (Grade A). On $91.1M in baseline revenue (-0.2% growth, 73.3% gross margin, 22.5% FCF margin), our 5-year DCF yields an Enterprise Value of $249.7M ($11.71/share vs. $11.90 market price). On the R&D Return Benchmark, EGAN ranks #141 of 167 (Burners · Grade C, 0.16× return).
Gross Margin & Unit Economics: eGain Corporation operates at a 73.3% gross margin on $91.1M revenue (1.8 pts below the Software - Application median of 75.1%).
R&D Productivity (Burners · Grade C): Investing 32.3% of revenue in R&D ($29.4M) generates $0.16 of incremental gross profit per R&D dollar (Rank #141 of 167).
Rule of 40 & Cash Conversion: Combining -0.2% top-line growth with 22.5% FCF margin yields a 22.3% Rule of 40 score (vs. 59.0% cohort median) and $249.7M DCF Enterprise Value.
Measures incremental gross profit generated per prior-year R&D dollar across 167 scored software companies
x = R&D % of revenue (FY) · y = new gross profit per R&D dollar (FY)
EGAN: Burner, C
Hover or tap a dot to inspect peer R&D intensity and return
Intensity = R&D ÷ revenue from the same period. The grade uses TTM when that period end is fresh; otherwise the latest fiscal year if that end is fresh; otherwise the name is ungraded. Bands describe spend level, not quality.
As of 2026-10-22.
Active Medians: 35.8% Growth · 75.1% Gross Margin · 21.9% Unlevered FCF · 14.4% GAAP FCF · 59.0% Rule of 40 · 6.6× EV/Rev
| Company | Actions | |||||||
|---|---|---|---|---|---|---|---|---|
EGANeGain CorporationSubject | $91.1M | -0.2% | 73.3% | 22.5% | 19.5% | 22.3% | 2.8× | Active |
Grab Holdings Limited | $2.80B | 56.3% | 42.0% | 27.7% | 17.7% | 84.0% | 6.3× | |
Full Truck Alliance Co. Ltd. | $11.24B | 44.5% | 86.6% | 25.8% | 21.3% | 70.2% | 5.9× | |
Figma, Inc. | $1.28B | 44.6% | 79.1% | 18.1% | -112.4% | 62.7% | 8.8× | |
InterDigital, Inc. | $868.5M | 24.7% | 80.5% | 30.6% | 25.3% | 55.3% | 9.9× | |
OPEN TEXT CORP | $5.30B | 10.8% | 63.5% | 13.0% | 11.0% | 23.8% | 2.6× | |
ServiceTitan, Inc. | $1.06B | 27.1% | 71.1% | 12.8% | -7.7% | 40.0% | 6.8× | |
| Peer Set Median (6 Peers) | $2.04B | 35.8% | 75.1% | 21.9% | 14.4% | 59.0% | 6.6× | =MEDIAN() |
Structural sensitivities monitored in the 3-Statement Financial Engine
Apply any lever below to write its operating assumptions directly into the 3-Statement Model
Automate cloud hosting & support workflows to lift gross margin from 73.3% to 78.3%.
Align R&D intensity and ASC 350-40 capitalization to the R&D Compounders cohort median, recapturing $8.5M in annual EBITDA.
Lift net dollar retention and expansion velocity by +300 bps, compounding Year 3 revenue to $96.3M.
Strong fundamentals, above-average cash generation, and robust competitive positioning.
Elite deferred revenue float; FCF exceeds operating income by >20%
Minimal dilution friction; management compensation aligned with shareholders
Solid gross margins with potential for operating leverage at scale
Positive net cash cushion; self-funding operations with zero insolvency risk
Market implies 0.3% annual revenue growth over next 5 years (1.9% dilution-adjusted), in line with company run-rate.
Evaluates shareholder equity vulnerability if SaaS valuation multiples contract toward historical industry medians.
| Multiple Contraction Scenario | EV / Rev | Implied EV | Implied Equity | Implied Price | Downside % |
|---|---|---|---|---|---|
| Current Multiple | 2.8× | $254.9M | $328.2M | $11.90 | 0.0% |
| -20% Multiple Compression | 2.2× | $203.9M | $277.2M | $10.05 | -20.0% |
| -35% Multiple Compression | 1.8× | $165.7M | $239.0M | $8.67 | -35.0% |
| Software Baseline Floor (5.0× EV/Rev) | 5.0× | $455.7M | $529.0M | $19.18 | +78.8% |