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Intellinetics

INLX on NYSEAmerican. Market value $22m.

Watch this stockFree. We tell you when something changes.

Should I look at this?

We have not checked this company yet

This is not advice.

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Who owns it

None of the long-term investors we follow own it. 9 funds in all.

Jun '25
Dec '25
Jun '26
Largest holders overall

From 13F filings for the quarter ended 30 June 2026.

Big holders and activists

2 investors own more than 5%.

  • Michael Taglich
    Insider or founder
    18.8%
    Since 21 June 2025
    What they said

    Mr. Taglich received this additional equity as ordinary course compensation for his services as a director.

    Read the filing
  • Bard Associates, Inc.
    Passive investor
    7.5%
    Since 7 October 2025

From Schedule 13D and 13G filings: anyone owning more than 5% must file one.

What insiders did

In the last 12 months, 1 insider bought $16,939 of shares on the open market. 1 sold $421,328.

  • SEID PAUL
    Director
    Bought
    Date
    1 October 2026
    Shares
    162
    Price
    $5.15
    Value
    $834
  • SEID PAUL
    Director
    Bought
    Date
    30 September 2026
    Shares
    29
    Price
    $5.15
    Value
    $149
  • SEID PAUL
    Director
    Bought
    Date
    28 September 2026
    Shares
    155
    Price
    $5.15
    Value
    $798
  • SEID PAUL
    Director
    Bought
    Date
    25 September 2026
    Shares
    917
    Price
    $5.15
    Value
    $4,723
  • SEID PAUL
    Director
    Bought
    Date
    24 September 2026
    Shares
    171
    Price
    $5.15
    Value
    $881
  • SEID PAUL
    Director
    Bought
    Date
    17 September 2026
    Shares
    27
    Price
    $5.10
    Value
    $138
  • SEID PAUL
    Director
    Bought
    Date
    16 September 2026
    Shares
    689
    Price
    $5.10
    Value
    $3,514
  • SEID PAUL
    Director
    Bought
    Date
    15 September 2026
    Shares
    319
    Price
    $5.19
    Value
    $1,656
  • SEID PAUL
    Director
    Bought
    Date
    14 September 2026
    Shares
    809
    Price
    $5.25
    Value
    $4,247
  • TAGLICH MICHAEL N
    Director
    Sold
    Date
    17 June 2026
    Shares
    550
    Price
    $6.50
    Value
    $3,575

From Form 4 filings: insiders must report trades in their own company's shares within two days.

Warning signs in its filings

Problems the company itself reported to the SEC, in its own words.

None of the serious warning signs we check for were found. 1 thing worth knowing.

We look for five warning signs: doubt it can keep going, weak checks on its own accounts, a notice that its past accounts can't be relied on, a change of auditor, and one customer bringing in a big share of sales. We don't check lawsuits, investigations or debt yet.

We checked the auditor's report, internal controls, restatement notices, auditor changes and big customers in the 10-K filed 30 Mar 2026, plus the 10-Q filed 12 Aug 2026 and 4 later 8-Ks.

  • One big customer

    Worth knowing

    One customer brings in a big share of sales: 39% last year. Losing that customer would hurt.

    “During the years ended December 31, 2025 and 2024, our largest customer, the State of Michigan, accounted for 39 % and 40 %, respectively, of our total revenues for each period.”

    From the 10-K filed 30 March 2026, Item 8. Financial Statements and Notes. Read it in the filing

A 10-K is the yearly report every US company files with the SEC. An 8-K is a short notice of a big event.

The deep dive

Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.

  • What the business is worth, as a range, and the margin of safety at today’s price
  • Prices to start buying, buy, and buy hard
  • The three things that would make this a mistake
  • Every number footnoted to the filing it came from
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What a finished deep dive looks like

Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.