ReposiTrak (TRAK) AI Stock Analysis

• Market Cap: $146.36M
• Dividend Yield: 0.57%
• Average Volume (3M): 74.89K
• Price to Earnings (P/E): 33.5
• Beta (1Y): 1.39
• Revenue Growth: 11.05%
• EPS Growth: 18.55%
• Country: US
• Employees: 73
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Application
• EPS (TTM): 0.09
• Shares Outstanding: 18,203,410
• 10 Day Avg. Volume: 93,616
• 30 Day Avg. Volume: 74,886
• PEG Ratio: 2.57
• Price to Book (P/B): 7.25
• Price to Sales (P/S): 15.87
• P/FCF Ratio: 42.70
• Enterprise Value/Market Cap: 0.81
• Enterprise Value/Revenue: 5.02
• Enterprise Value/Gross Profit: 5.91
• Enterprise Value/Ebitda: 13.56
• 1Y Price Target: $16.00
• Price Target Upside: 99.00% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): 0.4
• Revenue Forecast (FY): $24.00M

• Rating: 72 Outperform
• Price Target: $9.00 ▲(11.94% Upside)
• Action: Reiterated Date: 03/21/26
• Date: Action: Reiterated 03/21/26

The score is driven primarily by strong financial quality (high margins, profitable growth, and very low leverage) and a constructive earnings-call outlook with continued capital returns. These positives are tempered by notably weak technical momentum (oversold and below key moving averages) and a premium P/E that leaves less room for execution missteps; corporate events are a smaller, mildly positive factor.

Positive Factors

High Profitability & Margins

Sustained very high gross margins and strong net margins reflect a scalable SaaS cost structure and pricing power. Durable profitability supports operating leverage, funds ongoing product investment and shareholder returns, and cushions the business against cyclical revenue swings over the next 2–6 months.

Conservative Balance Sheet & Cash

Extremely low leverage and a sizable cash position provide long-term financial flexibility: supports buybacks/dividend policy, funds selective product/IP investment, and reduces refinancing risk. This balance-sheet conservatism preserves optionality for growth or strategic deals over the medium term.

Recurring Revenue, Network Effects & IP Moat

Near-complete conversion to recurring SaaS combined with a large Traceability Network and filings for Touchless Traceability patents create durable customer stickiness and competitive barriers. Network effects force supplier adoption and the IP/AI detect-and-correct capabilities strengthen long-term revenue predictability.

Negative Factors

High Supplier Data Error Rates

Very high supplier data error rates impose ongoing manual remediation and support costs, increasing the unit economics of onboarding. Over months, this structural burden can slow platform scale, raise per-customer service requirements, and press margins unless AI automation meaningfully reduces error remediation.

Slow Traceability Onboarding

A multi-year onboarding timeline limits the speed at which Traceability revenue can scale, making regulatory tailwinds harder to monetize quickly. Structural implementation complexity lengthens sales cycles and delays realization of network effects, constraining meaningful revenue contribution in the near-to-mid term.

Negative FCF Growth & Cash Conversion Variability

Although absolute cash balances are strong, a recent decline in free-cash-flow growth and moderation of cash conversion signal variability in earnings quality. If this trend continues, it could limit reinvestment, slow debt reduction or reduce the pace of shareholder returns despite a healthy headline cash position.

ReposiTrak Business Overview & Revenue Model

Company Description

ReposiTrak, Inc., a software-as-a-service provider, designs, develops, and markets proprietary software products in North America. The company offers ReposiTrak MarketPlace, a supplier discovery and B2B e-commerce solution; ReposiTrak Compliance and Food Safety solutions, which reduces potential regulatory and legal risk from their supply chain partners; and ReposiTrak Supply Chain solutions that enables customers to manage relationships with suppliers. It also provides ScoreTracker, Vendor Managed Inventory, Store Level Ordering and Replenishment, Enterprise Supply Chain Planning, Fresh Market Manager, Audit Management, and ActionManager supply chain solutions to manage inventory, product mix, and labor. In addition, the company offers business-consulting services to suppliers and retailers in the grocery, convenience store, and specialty retail industries, as well as professional consulting services. It primarily serves multi-store retail chains, wholesalers and distributors, and their suppliers. The company was formerly known as Park City Group, Inc. and changed its name to ReposiTrak, Inc. in December 2023. ReposiTrak, Inc. is headquartered in Murray, Utah.

How the Company Makes Money

ReposiTrak primarily makes money by selling subscription access to its cloud-based compliance and supply chain management platform. A core revenue stream is recurring SaaS fees tied to enabling and maintaining compliance workflows between retailers and their supplier networks (e.g., document collection/validation, audit and certification tracking, and ongoing monitoring). The company also generates revenue from onboarding/activation and service-related fees associated with connecting suppliers to retailer-required programs and maintaining those connections over time. Revenue is largely supported by network effects: when a large retailer adopts ReposiTrak to enforce compliance requirements, many suppliers must join the platform to continue doing business with that retailer, which can expand the paying user base. Specific partnership details and exact pricing terms: null.

ReposiTrak Financial Statement Overview

Summary

High-quality fundamentals supported by strong profitability (very high gross margin and ~31% net margin), solid revenue growth, and a very conservative balance sheet (minimal leverage, sizable cash). Main offsets are recent variability in cash conversion and negative TTM free-cash-flow growth.

Income Statement

TRAK shows strong, improving profitability with very high gross margins (TTM (Trailing-Twelve-Months) ~85%) and healthy net margins (~31%). Revenue has grown steadily over the last several annual periods, with a sharp acceleration in TTM growth (reported ~158%), supporting operating leverage and solid earnings power. The main watch-out is some volatility in operating profitability versus the most recent annual period (EBITDA margin lower in TTM than FY2025), suggesting margin cadence can move around period to period.

Balance Sheet

The balance sheet is very conservatively positioned: debt is minimal (TTM debt-to-equity ~0.01) and equity is sizable relative to assets, indicating low financial risk and strong flexibility. Returns on equity are solid and improving (TTM ~14.5% vs ~9–12% in earlier years), consistent with a profitable model without meaningful leverage. A potential downside is that with such low leverage, growth may depend more on internal cash generation rather than balance-sheet-driven expansion.

Cash Flow

Cash generation is generally strong and high-quality: operating cash flow and free cash flow track net income closely (TTM free cash flow is ~1.0x net income), suggesting limited earnings distortion. However, free cash flow growth is negative in TTM (about -15%), and operating cash flow coverage of net income has moderated versus some prior years, pointing to near-term variability in cash conversion despite still-healthy absolute cash flow.

Breakdown	TTM	Jun 2025	Sep 2024	Jun 2023	Jun 2022	Jun 2021
Income Statement
Total Revenue	23.50M	22.61M	20.45M	19.10M	18.05M	21.01M
Gross Profit	19.97M	18.92M	17.04M	15.79M	14.86M	13.10M
EBITDA	8.71M	8.95M	7.61M	7.11M	5.38M	5.41M
Net Income	7.27M	6.98M	5.96M	5.59M	4.00M	4.12M
Balance Sheet
Total Assets	56.31M	55.33M	51.60M	50.58M	49.32M	55.05M
Cash, Cash Equivalents and Short-Term Investments	28.71M	28.57M	25.15M	23.99M	21.46M	24.07M
Total Debt	403.84K	509.97K	545.10K	747.11K	2.97M	6.70M
Total Liabilities	6.59M	5.81M	4.74M	4.70M	6.42M	9.91M
Stockholders Equity	49.72M	49.52M	46.85M	45.88M	42.90M	45.14M
Cash Flow
Free Cash Flow	6.84M	8.40M	6.89M	7.96M	6.05M	5.08M
Operating Cash Flow	6.87M	8.42M	6.96M	8.86M	6.10M	5.40M
Investing Cash Flow	-18.06K	169.00	-100.71K	-903.19K	1.32M	-318.87K
Financing Cash Flow	-6.16M	-5.01M	-5.70M	-5.43M	-10.03M	-1.36M

ReposiTrak Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 8.04
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TRAK, the sentiment is Negative. The current price of 8.04 is below the 20-day moving average (MA) of 8.37, below the 50-day MA of 9.72, and below the 200-day MA of 14.60, indicating a bearish trend. The MACD of -0.53 indicates Negative momentum. The RSI at 33.02 is Neutral, neither overbought nor oversold. The STOCH value of 20.76 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TRAK.

ReposiTrak Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TRAK	72 Outperform	$146.36M	33.51	14.66%	0.57%	11.05%	18.55%
ONTF	66 Neutral	$345.51M	-11.71	-19.64%	―	-6.23%	28.57%
MKTW	63 Neutral	$247.65M	6.24	-38.92%	14.78%	-19.17%	308.81%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
EGHT	60 Neutral	$256.35M	13.24	-2.93%	―	0.25%	92.10%
SMRT	54 Neutral	$303.71M	-6.33	-25.34%	―	-24.30%	-181.62%

ReposiTrak Corporate Events

ReposiTrak Subsidiary Extends $4 Million Note to SPAR

On March 16, 2026, PC Group, Inc., a subsidiary of ReposiTrak, Inc., extended a senior unsecured promissory note of up to $4 million to SPAR Marketing Force, Inc., structured as a $3 million initial advance and an additional $1 million tranche available from July 17, 2026, at an 8% annual interest rate with interest-only monthly payments until its March 16, 2029 maturity. The loan, guaranteed by SPAR Group, Inc., includes the issuance of 1 million SPAR Group common shares to PC Group at a deemed value of $0.80 per share, with anti-dilution and price-protection mechanisms and customary default provisions, underscoring a deeper strategic commercial relationship and giving ReposiTrak both credit exposure and equity-linked upside tied to SPAR’s performance.

If SPAR defaults, interest on the note rises to 12% and PC Group can accelerate repayment, highlighting a risk-managed structure that balances yield with equity participation for ReposiTrak. The anti-dilution and minimum value protections attached to the SPAR shares are designed to preserve the economic value of PC Group’s equity consideration over the life of the note, potentially strengthening ReposiTrak’s positioning and influence within the retail marketing services sector while providing SPAR with flexible growth capital.

The most recent analyst rating on (TRAK) stock is a Buy with a $9.50 price target. To see the full list of analyst forecasts on ReposiTrak stock, see the TRAK Stock Forecast page.

ReposiTrak Strengthens Board With Return of Industry Veteran

On March 17, 2026, ReposiTrak announced that James R. Gillis, CEO of M&A advisory firm Gillis & Associates Inc., rejoined its board of directors effective March 13, 2026, bringing more than 35 years of experience in retail supply chain management, M&A and organizational growth. His background leading Source Interlink Companies Inc., serving on multiple corporate boards and advising private equity firms is expected to support ReposiTrak’s efforts to scale its network, accelerate innovation and enhance value for retail, wholesale and supplier stakeholders.

Company leaders highlighted that Gillis’ strategic and operational expertise has been instrumental to ReposiTrak’s progress in the past and will be key as it pursues its next phase of expansion. The appointment underscores the company’s focus on combining technology-driven supply chain transformation with stronger industry partnerships to deepen its market position in food traceability, regulatory compliance and retail supply chain solutions.

The most recent analyst rating on (TRAK) stock is a Buy with a $10.00 price target. To see the full list of analyst forecasts on ReposiTrak stock, see the TRAK Stock Forecast page.

ReposiTrak posts strong Q2 growth and dividend hike

For the second fiscal quarter ended December 31, 2025, ReposiTrak reported a 7% revenue increase to $5.9 million and a 34% jump in operating income to $1.8 million, lifting operating margin to 31%. GAAP net income rose to $1.7 million, with net income to common shareholders up 13% to $1.6 million, or $0.09 per diluted share, while the company closed the quarter holding $28.7 million in cash and no bank debt.

ReposiTrak highlighted patent filings for its new Touchless Traceability solution, which augments its ReposiTrak Traceability Network to automate compliant data records at scale and aims to deepen its competitive moat. The company continued returning capital to investors in the quarter, redeeming preferred shares, repurchasing 79,927 common shares for about $1.1 million and delivering a third consecutive 10% dividend increase, underscoring confidence in its structural profitability and growth in demand for its traceability and compliance offerings.

The most recent analyst rating on (TRAK) stock is a Hold with a $10.00 price target. To see the full list of analyst forecasts on ReposiTrak stock, see the TRAK Stock Forecast page.