IODM Limited

IOD.AX

Software - Application · Technology

Exchange

Australian Securities Exchange

Winston Score

Winston is worried

Weak fundamentals across most pillars.

Data as of Aug 23, 2026 · filings through Dec 31, 2025

How the score breaks down

Quality

Weak

Growth

Mixed

Cash Flow

Weak

Stability

Weak

Valuation

Data not available

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Winston Score History

The full picture

IODM Limited is a small Australian software company that helps businesses collect money they are owed. Its main product is an automated accounts receivable platform — a tool that sends reminders and manages the process of chasing unpaid invoices. The company sells to businesses that deal with large volumes of outstanding payments, such as financial services firms and enterprise clients.

IODM earns revenue by charging customers subscription or licensing fees to use its software. It is based in Australia and operates at a very small scale, with a market cap of around $100 million. The company is not yet profitable, and its deeply negative margins show it is still spending far more than it earns. The key risk is whether IODM can grow its customer base fast enough to reach profitability before it needs to raise more capital, which is a common challenge for early-stage software businesses.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+32.5% YoY

YoY Growth Rate

Strong revenue growth

EPS Growth

+6.5% YoY

YoY Growth Rate

Slow EPS growth

Insider Activity

38.0%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Runway

~0 months

A$189,885 cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Short runway — potential dilution ahead through share issuance

Strong grower

IODM Limited is growing revenue at 33% year-over-year. The Winston Score penalises unprofitable companies, but revenue at this pace tells a different story — this is a company still in "build mode."

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale

Gross Margin

0.0%

Thin — 0.0% gross margin

Profit after running costs

Operating Margin

-62.9%

Losing money on operations — -62.9%

Return on the money invested

ROCE

-1725.4%

Weak — -1725.4% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales growth

Sales YoY

+9.7%

Steady sales growth (+9.7% YoY)

Profit growth

EPS YoY

N/A

—

Data not available

How steady the profit is

EPS Consistency

4/8 quarters

Earnings inconsistent quarter-to-quarter

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Cash Flow

Profit that turns into cash

Cash Conversion

N/A

—

Data not available

Spare cash per sale

FCF Margin

-66.7%

Burning cash (-66.7%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

What it owes vs what it owns

Debt / Equity

2.01

Heavy debt load (2.01)

Covers its interest

Interest Cover

N/A

Data not available

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Valuation

Price vs profit

P/E Ratio (TTM)

N/M

no trend

Negative earnings — P/E not meaningful

Cheaper or dearer next year

P/E vs Forward

N/A

not available

Data not available

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Dividends

Not applicable for this business.

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