Enterprise document and workflow automation software
Strategic Profile
Intellinetics is pursuing a software-led strategy with growing SaaS revenue and is refining its focus on vertical markets where demand for secure document and workflow automation solutions remains strong. New CEO (joined mid-February 2026) targets double-digit year-over-year SaaS growth and emphasizes execution improvements, citing differentiated technology and significant opportunities in targeted vertical markets.
Cyborg Score Rationale
Q1 2026 revenue declined 8% year-over-year to $3.9 million with net loss of $1.2 million ($0.27 per share). The company ended Q1 2026 with $2.08 million in cash and a working capital deficit. However, management expects double-digit SaaS growth in 2026 and the company has strategic assets in compliance-focused verticals.
Top Insights
SaaS revenue essentially flat at $1.5 million in Q1 2026 (0.1% YoY growth), indicating limited momentum despite strategic focus on software segment
Professional services revenue declined 14.3% in Q1 2026, reflecting project timing variability and weaker document services volumes
During 2025, company secured significant contractual win with largest customer, strengthening document management business
Company has no debt outstanding and secured $1.0 million credit line with JPMorgan Chase as of Q1 2026
Named Competitors
Content Management Suite — Large-scale enterprise content and data management
SharePoint/Teams — Document collaboration and content management
Box — Cloud content management for enterprise
Laserfiche — Workflow automation and document management for regulated industries
Recent Developments
(February 2026) New CEO Alison Forsythe joined; commits to double-digit SaaS growth target and go-to-market improvements
(May 2026) Q1 2026 results: revenue $3.9M (down 8% YoY), net loss $1.2M; SaaS revenue flat at $1.5M
(March 2026) FY2025 results: SaaS revenue continued growth trajectory; major customer contract win secured
(February 2026) CEO transition costs of approximately $430,000 recorded in Q1 2026
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