What are the investment strengths of OptimizeRx Corp (OPRX)?

Gross margin TTM 65.3% vs industry 43.7% - software-like economics with minimal capex (258K TTM) enables 10.6% FCF yield on EV 20% revenue CAGR (3Y and 5Y) in healthcare IT niche with operating leverage - operating margin 6.2% vs industry 2% shows scale benefits emerging

What are the investment risks for OptimizeRx Corp (OPRX)?

P/E of 1,403x and P/B of 30.5x require flawless execution; tangible book value only 9M vs 273M market cap - 96% of value is intangible Net income TTM of 34K on 109.5M revenue (0.03% margin) - interest burden and amortization consuming operating profits entirely

OptimizeRx Corp

OPRX

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OptimizeRx Corp AI Insights

Informational only. Not investment advice.

As of 2025-12-11

Snapshot

Goodwill of 70.9M is 58% of equity and 66% of intangibles (113.3M) - acquisition-heavy model with impairment risk if growth stalls[Goodwill]
FCF TTM of 11.6M vs net income of 34K - earnings near zero but cash generation strong; interest expense (5.6M) consuming operating profit[Free Cash Flow TTM]
Revenue 3Y CAGR of 20% vs industry median 5.4% - outpacing peers but P/E of 1,403x signals market pricing in massive future growth[Total Revenue 3Y Growth]

Watch Triggers

Interest Expense TTM: Rises above 6.5M or interest coverage falls below 1.0x — Already consuming most operating income; any increase threatens FCF
Goodwill: Any impairment charge or acquisition adding to 70.9M balance — 58% of equity; impairment would devastate book value
Total Revenue 3Y Growth: Falls below 15% CAGR — Valuation requires sustained 20%+ growth; deceleration reprices stock

Bull Case

Gross margin TTM 65.3% vs industry 43.7% - software-like economics with minimal capex (258K TTM) enables 10.6% FCF yield on EV

Gross Margin TTMFree Cash Flow TTMCapital Expenditure TTM

20% revenue CAGR (3Y and 5Y) in healthcare IT niche with operating leverage - operating margin 6.2% vs industry 2% shows scale benefits emerging

Total Revenue 3Y GrowthOperating Margin TTM

Bear Case

P/E of 1,403x and P/B of 30.5x require flawless execution; tangible book value only 9M vs 273M market cap - 96% of value is intangible

PE RatioPB RatioTangible Book Value

Net income TTM of 34K on 109.5M revenue (0.03% margin) - interest burden and amortization consuming operating profits entirely

Net Income TTMNet Margin TTMInterest Expense TTM

Bull vs Bear Balance

AI-generated sentiment analysis based on fundamental metrics and market conditions.

35%

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Forward Thesis

FCF conversion will compress as interest costs rise or revenue growth decelerates

1-3ymed

Interest expense 5.6M TTM on 28.6M debt (19.6% effective rate)
Operating income 6.8M barely covers interest
Revenue growth must sustain 20%+ to maintain coverage

Interest coverage ratio ~1.2x (EBIT 7.3M / Interest 5.6M)FCF 11.6M masks near-zero net incomeDebt/equity 0.23 but high-cost debt

Valuation Context

Caveats

Public Strategies Rankings

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OPRX Fundamentals

Health Care and Social Assistance → Ambulatory Health Care Services

Metric	Value	YoY Growth	Industry Percentile
Market Cap	$248.31M		—
Enterprise Value	$257.4M		—
P/E Ratio	1,276		—
Total Revenue - TTM	$109.51M	+24.2%	—
Earnings Per Share (diluted) - TTM	$0.01		—
Operating Margin - TTM	6.17%	+19.6%	—
Net Margin - TTM	0.03%	+27.4%	—
Free Cash Flow - TTM	$11.57M		—
Return on Common Equity - TTM	0.00	+21.0%	—
Beta 5Y (Monthly)	unknown		—

OPRX Dividend History

No dividends

OPRX Stock Splits

1 stock split

05/14/183:1 split

OPRX SEC Filings

Filing Date	Report Date	Report Type	Filing Link
11/07/25	09/30/25	10-Q	0001448431-25-000020
08/08/25	06/30/25	10-Q	0001448431-25-000012
05/13/25	03/31/25	10-Q	0001448431-25-000005
03/20/25	12/31/24	Unknown	0001213900-25-025576
11/14/24	09/30/24	10-Q	0001213900-24-098319
08/15/24	06/30/24	10-Q	0001213900-24-069700
05/15/24	03/31/24	10-Q	0001213900-24-043749
04/15/24	12/31/23	10-K	0001213900-24-033000
11/14/23	09/30/23	10-Q	0001213900-23-086885
08/14/23	06/30/23	10-Q	0001213900-23-067120
05/12/23	03/31/23	10-Q	0001213900-23-039060
03/10/23	12/31/22	10-K	0001213900-23-019233
11/08/22	09/30/22	10-Q	0001213900-22-070160
08/09/22	06/30/22	10-Q	0001213900-22-045964
05/09/22	03/31/22	10-Q	0001213900-22-024897
02/28/22	12/31/21	10-K	0001213900-22-009736
11/09/21	09/30/21	10-Q	0001213900-21-057726
08/04/21	06/30/21	10-Q	0001213900-21-040306
05/06/21	03/31/21	10-Q	0001213900-21-024890
03/08/21	12/31/20	10-K	0001213900-21-013996
11/09/20	09/30/20	10-Q	0001213900-20-035891
08/05/20	06/30/20	10-Q	0001213900-20-020375
05/06/20	03/31/20	10-Q	0001213900-20-011158
03/26/20	12/31/19	10-K	0001213900-20-007491
11/05/19	09/30/19	10-Q	0001213900-19-022059
08/07/19	06/30/19	10-Q	0001213900-19-014795
05/08/19	03/31/19	10-Q	0001213900-19-008055
03/12/19	12/31/18	10-K	0001213900-19-003962
11/05/18	09/30/18	10-Q	0001213900-18-014893
08/07/18	06/30/18	10-Q	0001213900-18-010359
05/02/18	03/31/18	10-Q	0001213900-18-005414
03/08/18	12/31/17	10-K	0001213900-18-002722
11/02/17	09/30/17	10-Q	0001213900-17-011259
08/01/17	06/30/17	10-Q	0001213900-17-008120
05/03/17	03/31/17	10-Q	0001213900-17-004550
03/08/17	12/31/16	10-K	0001213900-17-002093
11/07/16	09/30/16	10-Q	0001213900-16-018031
08/08/16	06/30/16	10-Q	0001213900-16-015608
05/09/16	03/31/16	10-Q	0001213900-16-013077
03/15/16	12/31/15	10-K	0001213900-16-011609
11/12/15	09/30/15	10-Q	0001213900-15-008507
08/11/15	06/30/15	10-Q	0001213900-15-005930
05/14/15	03/31/15	10-Q	0001213900-15-003628
03/31/15	12/31/14	10-K	0001213900-15-002228
11/13/14	09/30/14	10-Q	0001213900-14-008010
08/14/14	06/30/14	10-Q	0001255294-14-000873
05/15/14	03/31/14	10-Q	0001255294-14-000442
03/31/14	12/31/13	10-K	0001255294-14-000254
11/14/13	09/30/13	10-Q	0001255294-13-000889
08/12/13	06/30/13	10-Q	0001255294-13-000618
05/15/13	03/31/13	10-Q	0001255294-13-000346
03/12/13	12/31/12	10-K	0001255294-13-000182
11/14/12	09/30/12	10-Q	0001255294-12-000810
08/14/12	06/30/12	10-Q	0001255294-12-000605
05/15/12	03/31/12	10-Q	0001255294-12-000308
03/30/12	12/31/11	10-K	0001255294-12-000205
11/14/11	09/30/11	10-Q	0001255294-11-000703
08/17/11	06/30/11	10-Q	0001255294-11-000489
05/16/11	03/31/11	10-Q	0001504167-11-000015
03/31/11	12/31/10	10-K	0001507718-11-000079
11/23/11	09/30/10	10-Q/A	0001255294-11-000755
11/16/10	09/30/10	10-Q	0001255294-10-000971
08/16/10	06/30/10	10-Q	0001255294-10-000729
05/17/10	03/31/10	10-Q	0001255294-10-000392
03/31/10	12/31/09	10-K	0001255294-10-000244
11/23/09	09/30/09	10-Q	0001255294-09-000831
08/13/09	06/30/09	10-Q	0001255294-09-000492
05/22/09	03/31/09	10-Q	0001255294-09-000319
04/15/09	12/31/08	10-K	0001255294-09-000222
11/23/09	09/30/08	10-Q	0001255294-09-000831
08/13/09	06/30/08	10-Q	0001255294-09-000492
05/22/09	03/31/08	10-Q	0001255294-09-000319