INLX on NYSE
INTELLINETICS, INC.
American prepackaged software services company based in Columbus. Summary from the record
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Last updated Oct 19, 2026.
Overview
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- TickerINLX on NYSE1
- IndustryServices-Prepackaged Software1
- HeadquartersColumbus, Ohio1
- Incorporated inNV2
- Business address2190 Dividend Drive, Columbus, Oh 432282
- Filer categoryNon-accelerated filer, Smaller reporting company2
- Legal formCorporation
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IntelliCloud ™ suite of software is comprised of stand-alone and integrated modules that include:3 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Professional Services brought in 49% of the revenue INTELLINETICS, INC. broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2024 | 2025 |
|---|---|---|
| Professional Services | $10.0M | $8.1M |
| Software as a Service | $5.7M | $6.3M |
| Software Maintenance Services | $1.4M | $1.3M |
| Storage and Retrieval Services | $901.1K | $827.8K |
Business segments
Document Services brought in 52% of the revenue INTELLINETICS, INC. broke down this way in fiscal 2025.
Business segments by year
| Business segments | 2024 | 2025 |
|---|---|---|
| Document Services | $10.5M | $8.6M |
| Software | $7.5M | $8.0M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue34¢$5.6M
- Other costs66¢$10.9M
- Interest1¢$84.3K
Out of $16.6M in revenue.4 The company lost money this year.
Where each dollar of operating cash went, fiscal 2025
- Capital spending38¢$354.4K
- Kept or used elsewhere62¢$579.5K
Out of $933.9K of cash from operations.4
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.4
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Total revenues | $16.6M | $18.0M |
| Total cost of revenues | $5.6M | $6.6M |
| Gross profit | $11.0M | $11.4M |
| General and administrative | $8.7M | $8.0M |
| Sales and marketing | $2.8M | $2.4M |
| Depreciation and amortization | $1.2M | $1.1M |
| Total operating expenses | $12.7M | $11.5M |
| Loss from operations | -$1.8M | -$173.5K |
| Interest income (expense), net | -$84.3K | -$372.7K |
| Net loss | -$1.9M | -$546.2K |
| Basic net loss per share: | -$0.44 | -$0.13 |
| Diluted net loss per share: | -$0.44 | -$0.13 |
| Weighted average number of common shares outstanding - basic | 4.3M shares | 4.2M shares |
| Weighted average number of common shares outstanding - diluted | 4.3M shares | 4.2M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 3 fiscal years (annual) or 3 quarters (quarterly), latest first.4
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash | $2.5M | $2.5M | |
| Accounts receivable, net | $1.2M | $1.1M | |
| Accounts receivable, unbilled | $909.6K | $1.3M | |
| Parts and supplies, net | $173.3K | $100.6K | |
| Prepaid expenses and other current assets | $378.3K | $476.7K | |
| Total current assets | $5.2M | $5.5M | |
| Property and equipment, net | $1.1M | $1.1M | |
| Right of use assets, operating | $1.4M | $1.9M | |
| Right of use assets, finance | $165.0K | $237.7K | |
| Intangible assets, net | $2.9M | $3.4M | |
| Goodwill | $5.8M | $5.8M | |
| Other assets | $727.8K | $685.1K | |
| Total assets | $17.3M | $18.6M | |
| Accounts payable | $284.7K | $310.6K | |
| Accrued compensation | $410.4K | $493.7K | |
| Accrued expenses | $200.0K | $172.4K | |
| Lease liabilities, operating - current | $721.9K | $842.5K | |
| Lease liabilities, finance - current | $67.9K | $69.3K | |
| Deferred revenues | $3.4M | $3.4M | |
| Total current liabilities | $5.1M | $6.6M | |
| Lease liabilities, operating - net of current portion | $749.3K | $1.2M | |
| Lease liabilities, finance - net of current portion | $116.1K | $184.0K | |
| Total long-term liabilities | $865.4K | $1.3M | |
| Total liabilities | $5.9M | $7.9M | |
| Common stock, $0.001 par value, 25,000,000 shares authorized; 4,479,123 and 4,249,735 shares issued and outstanding at December 31, 2025 and 2024, respectively | $4.5K | $4.2K | |
| Additional paid-in capital | $34.9M | $32.3M | |
| Accumulated deficit | -$23.5M | -$21.6M | |
| Total stockholders equity | $11.4M | $10.6M | $9.8M |
| Total liabilities and stockholders equity | $17.3M | $18.6M | |
| Common stock, par value | $0.00 | $0.00 | |
| Common stock, shares authorized | 25.0M shares | 25.0M shares | |
| Common stock, shares issued | 4.5M shares | 4.2M shares | |
| Common stock, shares outstanding | 4.5M shares | 4.2M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash | $2.5M | $2.5M | |
| Accounts receivable, net | $1.2M | $1.1M | |
| Accounts receivable, unbilled | $909.6K | $1.3M | |
| Parts and supplies, net | $173.3K | $100.6K | |
| Prepaid expenses and other current assets | $378.3K | $476.7K | |
| Total current assets | $5.2M | $5.5M | |
| Property and equipment, net | $1.1M | $1.1M | |
| Right of use assets, operating | $1.4M | $1.9M | |
| Right of use assets, finance | $165.0K | $237.7K | |
| Intangible assets, net | $2.9M | $3.4M | |
| Goodwill | $5.8M | $5.8M | |
| Other assets | $727.8K | $685.1K | |
| Total assets | $17.3M | $18.6M | |
| Accounts payable | $284.7K | $310.6K | |
| Accrued compensation | $410.4K | $493.7K | |
| Accrued expenses | $200.0K | $172.4K | |
| Lease liabilities, operating - current | $721.9K | $842.5K | |
| Lease liabilities, finance - current | $67.9K | $69.3K | |
| Deferred revenues | $3.4M | $3.4M | |
| Total current liabilities | $5.1M | $6.6M | |
| Lease liabilities, operating - net of current portion | $749.3K | $1.2M | |
| Lease liabilities, finance - net of current portion | $116.1K | $184.0K | |
| Total long-term liabilities | $865.4K | $1.3M | |
| Total liabilities | $5.9M | $7.9M | |
| Common stock, $0.001 par value, 25,000,000 shares authorized; 4,479,123 and 4,249,735 shares issued and outstanding at December 31, 2025 and 2024, respectively | $4.5K | $4.2K | |
| Additional paid-in capital | $34.9M | $32.3M | |
| Accumulated deficit | -$23.5M | -$21.6M | |
| Total stockholders equity | $11.4M | $10.6M | $9.8M |
| Total liabilities and stockholders equity | $17.3M | $18.6M | |
| Common stock, par value | $0.00 | $0.00 | |
| Common stock, shares authorized | 25.0M shares | 25.0M shares | |
| Common stock, shares issued | 4.5M shares | 4.2M shares | |
| Common stock, shares outstanding | 4.5M shares | 4.2M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.4
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net loss | -$1.9M | -$546.2K |
| Depreciation and amortization | $1.2M | $1.1M |
| Bad debt expense (recovery) | $81.1K | -$9.1K |
| Loss on disposal of fixed assets | $29.6K | $547 |
| Amortization of deferred financing costs | $42.1K | $152.6K |
| Amortization of right of use assets, financing | $72.7K | $71.3K |
| Share-based compensation | $1.3M | $1.5M |
| Accounts receivable | -$209.4K | $748.0K |
| Accounts receivable, unbilled | $386.9K | $24.3K |
| Parts and supplies | -$72.7K | $9.7K |
| Prepaid expenses and other current assets | $98.4K | $30.9K |
| Accounts payable and accrued expenses | -$81.7K | $280.3K |
| Operating lease assets and liabilities, net | -$32.6K | -$13.6K |
| Deferred revenues | -$40.6K | $484.0K |
| Total adjustments | $2.8M | $4.4M |
| Net cash provided by operating activities | $933.9K | $3.9M |
| Capitalization of internal use software | -$469.6K | -$388.6K |
| Purchases of property and equipment | -$354.4K | -$439.2K |
| Net cash used in investing activities | -$824.0K | -$827.8K |
| Proceeds from issuance of common stock | $1.8M | |
| Offering costs paid on issuance of common stock | -$175.8K | |
| Principal payments on financing lease liability | -$69.3K | -$61.9K |
| Payments to taxing authorities in connection with shares directly withheld from employees | -$283.4K | -$69.5K |
| Exercise of stock warrants | -$12 | |
| Repayment of notes payable | -$807.3K | -$1.3M |
| Repayment of notes payable - related parties | -$532.2K | -$317.8K |
| Net cash (used in) financing activities | -$70.8K | -$1.8M |
| Net increase in cash | $39.0K | $1.3M |
| Cash paid during the period for interest | $74.4K | $258.6K |
| Cash paid during the period for income taxes | $28.0K | $20.3K |
| Right-of-use asset obtained in exchange for operating lease liability | $311.4K | |
| Right-of-use asset obtained in exchange for finance lease liability | $89.3K |
No quarter-by-quarter statement was filed.
Leadership
Who has led INTELLINETICS, INC., and when. Pick a name to see everywhere that person has worked.
Chief executive
Chief financial officer
- Chief executive officerAlison G. Forsythe Mar 2, 2026 to now13
- Chief executive officerJames F. Desocio Nov 7, 2017 to Mar 2, 202614
- Chief executive officerMatthew L. Chretien Sep 5, 2014 to Jan 9, 201715
- Chief executive officerWilliam J. Santiago Feb 17, 2012 to Feb 17, 201216
- ChairA. Michael Chretien Sep 5, 2014 to Sep 5, 201417
- PresidentMatthew L. Chretien Sep 5, 2014 to Sep 5, 201415
- PresidentWilliam J. Santiago Feb 17, 2012 to Feb 17, 201216
- Chief financial officerJoseph D. Spain Dec 16, 2016 to now18
- Chief financial officerMatthew L. Chretien Feb 21, 2012 to Feb 21, 201219
Board members and other officers (18)
- CHIEF STRATEGY OFFICERMatthew L. Chretien Mar 13, 2019 to now20
- VP of ComplianceA. Michael Chretien Feb 16, 2012 to Mar 21, 201621
- Board memberRussell Jean Bernier Jun 30, 2025 to now22
- Board memberMichael N. Taglich Jan 4, 2024 to now23
- Board memberStanley P. Jaworski Jr. Jan 4, 2024 to now24
- Board memberPaul Seid Jul 3, 2023 to now25
- Board memberJohn C. Guttilla Nov 21, 2022 to now26
- Board memberRoger E. Kahn Jan 26, 2018 to Aug 21, 202427
- Board memberJames F. Desocio Nov 7, 2017 to now14
- Board memberMurray H. Gross May 11, 2015 to Jan 9, 201728
- Board memberSophie Pibouin May 11, 2015 to Jan 10, 202229
- Board memberMatthew L. Chretien Sep 5, 2014 to Apr 18, 202215
- Board memberRobert C. Schroeder Sep 18, 2013 to Feb 18, 202130
- Board memberWilliam J. Santiago Feb 17, 2012 to Feb 17, 201216
- Board memberThomas D. Moss Mar 5, 2012 to Apr 28, 201531
- Board memberRamon M. Shealy Mar 6, 2012 to Mar 6, 201232
- Board memberRye D'Orazio Mar 7, 2012 to Jan 10, 202233
- Board memberRoy H. Haddix Dec 27, 2012 to Jan 16, 201334
Named in SEC Form D filings
People the company listed in its private-offering notices.
- DirectorWILLIAM COOKE named Apr 1, 202235
Former names
- GLOBALWISE INVESTMENTS INCOct 5, 2000 to Aug 14, 20142
Timeline
Filings
175 filings to the SEC since October 2021: 5 annual reports, 16 quarterly reports, 56 major events, 66 insider forms, 2 large holders, 1 private raises, 29 other. The latest 20:
- Oct 7, 20264 EDGAR
- Oct 5, 20264 EDGAR
- Sep 30, 20264 EDGAR
- Sep 28, 20264 EDGAR
- Sep 18, 20264 EDGAR
- Sep 18, 20268-K/A EDGAR
- Sep 16, 20264 EDGAR
- Sep 2, 20268-K/A EDGAR
- Sep 1, 20264 EDGAR
- Sep 1, 20268-K EDGAR
- Aug 12, 202610-Q EDGAR
- Aug 12, 20268-K EDGAR
- Jul 23, 2026S-8 EDGAR
- Jul 1, 20268-K EDGAR
- Jun 30, 20264 EDGAR
- Jun 30, 20264 EDGAR
- Jun 30, 20264 EDGAR
- Jun 30, 20264 EDGAR
- Jun 30, 20264 EDGAR
- Jun 18, 20264 EDGAR
The 175 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
23 open-market trades by officers, directors and large owners since October 2021: 17 buys and 6 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Sep 30, 2026 | SEID PAULDirector | Buy | 29 | $5.15 | $149 | Form 4 |
| Sep 28, 2026 | SEID PAULDirector | Buy | 155 | $5.15 | $798 | Form 4 |
| Sep 25, 2026 | SEID PAULDirector | Buy | 917 | $5.15 | $4.7K | Form 4 |
| Sep 24, 2026 | SEID PAULDirector | Buy | 171 | $5.15 | $881 | Form 4 |
| Sep 17, 2026 | SEID PAULDirector | Buy | 27 | $5.10 | $138 | Form 4 |
| Sep 16, 2026 | SEID PAULDirector | Buy | 689 | $5.10 | $3.5K | Form 4 |
| Sep 15, 2026 | SEID PAULDirector | Buy | 319 | $5.19 | $1.7K | Form 4 |
| Sep 14, 2026 | SEID PAULDirector | Buy | 809 | $5.25 | $4.2K | Form 4 |
| Aug 31, 2026 | TAGLICH ROBERT10% owner | Buy | 999 | $5.52 | $5.5K | Form 4 |
| Aug 27, 2026 | TAGLICH ROBERT10% owner | Buy | 1 | $5.00 | $5 | Form 4 |
| Jun 17, 2026 | TAGLICH ROBERT10% owner | Sale | 550 | $6.50 | $3.6K | Form 4 |
| Jun 17, 2026 | TAGLICH MICHAEL NDirector | Sale | 550 | $6.50 | $3.6K | Form 4 |
| Jun 16, 2026 | TAGLICH ROBERT10% owner | Sale | 3,754 | $6.58 | $24.7K | Form 4 |
| Jun 16, 2026 | TAGLICH MICHAEL NDirector | Sale | 3,754 | $6.58 | $24.7K | Form 4 |
| Oct 7, 2025 | TAGLICH ROBERT10% owner | Sale | 35,732 | $11.00 | $393.1K | Form 4 |
| Oct 7, 2025 | TAGLICH MICHAEL NDirector | Sale | 35,732 | $11.00 | $393.1K | Form 4 |
| Mar 28, 2025 | Guttilla John CDirector | Buy | 3,000 | $12.00 | $36.0K | Form 4 |
| Dec 5, 2024 | Guttilla John CDirector | Buy | 3,500 | $14.50 | $50.8K | Form 4 |
| Aug 19, 2024 | TAGLICH MICHAEL NDirector | Buy | 951 | $9.00 | $8.6K | Form 4 |
| May 29, 2024 | Guttilla John CDirector | Buy | 10,000 | $6.60 | $66.0K | Form 4 |
All 23 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- BARD ASSOCIATES INCSCHEDULE 13G, 1 filing May 14, 202636
- Michael N. TaglichSCHEDULE 13D/A, 1 filing Jun 25, 202537
Money raised
Private offerings the company reported to the SEC on Form D.
- Mar 17, 2022Raised $8.5 million in a private offering of securities Form D: $10 million offered in all Form D
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| Bard Associates Inc | 333,341 | $1.8M | 0.4% | +1,038 |
| Vanguard Capital Management LLC | 73,191 | $402.6K | 0.0% | +20,445 |
| Geode Capital Management, LLC | 26,628 | $146.5K | 0.0% | −1,841 |
| Vanguard Fiduciary Trust Co | 17,427 | $95.8K | 0.0% | No change |
| Cetera Investment Advisers | 11,203 | $61.6K | 0.0% | No change |
| BlackRock, Inc. | 9,158 | $50.4K | 0.0% | +969 |
| Tower Research Capital LLC (TRC) | 903 | $5.0K | 0.0% | +490 |
| Northwestern Mutual Wealth Management Co | 133 | $732 | 0.0% | New |
| UBS Group AG | 1 | $6 | 0.0% | −265 |
13F reports cover disclosed long positions in U.S. stocks only.
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 17SEC EDGARA. Michael Chretien, Chair
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- 22SEC EDGARRussell Jean Bernier, Board member
- 23SEC EDGARMichael N. Taglich, Board member
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- 25SEC EDGARPaul Seid, Board member
- 26SEC EDGARJohn C. Guttilla, Board member
- 27SEC EDGARRoger E. Kahn, Board member
- 28SEC EDGARMurray H. Gross, Board member
- 29SEC EDGARSophie Pibouin, Board member
- 30SEC EDGARRobert C. Schroeder, Board member
- 31SEC EDGARThomas D. Moss, Board member
- 32SEC EDGARRamon M. Shealy, Board member
- 33SEC EDGARRye D'Orazio, Board member
- 34SEC EDGARRoy H. Haddix, Board member
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