# Professional Diversity Network, Inc. (IPDN)

> Source: Nexqual · https://nexqual.com/IPDN · data as of 2026-10-23 20:00 UTC · cite as "Nexqual, Professional Diversity Network, Inc. (IPDN), nexqual.com/IPDN" · informational, not investment advice.

**Price:** USD 2.21 (-12.65% on the day) · last close of Oct 23, 2026; US market closed, not a live price. Prev close 2.53 · day 2.21–2.56 · 52w 0.1–7.7 · market cap $1.5M · NCM

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $6.1M, net income -$8.8M (-143.9% margin), free cash flow -$2.3M (SEC filings).
- Analysts: None.
- Total return with dividends: 1Y -16.3% vs S&P 500 +13.4%; 5Y -89.1% vs S&P 500 +76.9%.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $6.1M | $8.3M | $7.7M | $6.7M | $6.5M | $6.1M |
| Gross profit | $4.6M | $4.1M | $4.2M | $4.1M | $2.8M | — |
| Operating income | -$2.9M | -$3.1M | -$4.5M | -$2.4M | -$6.5M | -$8.8M |
| Net income | -$2.8M | -$2.6M | -$4.3M | -$2.5M | -$6.5M | -$8.8M |
| EPS (diluted) | -$120.00 | — | — | — | — | — |
| Free cash flow | -$1.9M | -$2.3M | -$3.1M | -$2.5M | -$2.1M | -$2.3M |
| Gross margin | 75.0% | 48.8% | 55.0% | 60.7% | 43.1% | — |
| Operating margin | -47.4% | -37.3% | -58.9% | -35.7% | -98.6% | -144.3% |
| Net margin | -45.2% | -31.3% | -56.0% | -37.3% | -98.5% | -143.9% |
| Revenue growth | +36.8% | +36.3% | -7.4% | -12.6% | -2.7% | — |
| Cash + short-term investments | $3.4M | $1.2M | $628K | $1.7M | $217K | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/S 0.2x · P/B 0.1x · FCF yield -153.80% · Earnings yield -599.29%

## Analysts
Consensus None.

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-24) | 5Y (from 2021-10-25) |
|---|---|---|
| Total return | -16.3% | -89.1% |
| S&P 500 (SPY) | +13.4% | +76.9% |
| Per year | -16.3% | -35.8% |
| Volatility (annualized) | 391.5% | 219.2% |
| Max drawdown | -96.9% (Oct 2025→Sep 2026) | -99.8% (Feb 2023→Aug 2026) |

## Peers (Staffing & Employment Services)
BBSI (Barrett Business Services, Inc.) USD 33.22 +1.25% · KELYB (Kelly Services, Inc.) USD 26 +0.00% · KFRC (Kforce, Inc.) USD 58.5 +9.02% · NSP (Insperity, Inc.) USD 54.44 +1.80% · MAN (ManpowerGroup) USD 47.53 +2.00% · TNET (TriNet Group, Inc.) USD 75.78 +1.55%

## More
Full page: https://nexqual.com/IPDN · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)

Named in IPDN's own 10-K filed 2026-03-31 (https://www.sec.gov/Archives/edgar/data/1546296/000143774926010515/ipdn20251231_10k.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Customer | Illinois | "Our headquarters is located in Chicago, Illinois, and houses our key executives, as well as many of our customer support, marketing and IT personnel." |
| Customer | NAPW | "If we do not attract new members to the NAPW Network or if NAPW Network members do not renew their agreements for our product and service offerings, renew at lower levels or on less favorable terms or do not purchase add…" |
| Partner | Cosmic Forward | "In connection with the stockholder's agreement with CFL and the CFL Shareholders, we also granted to CFL and the CFL Shareholders unlimited demand, shelf and piggyback registration rights, effective upon the expiration o…" |
| Competitor | Meta Platforms (META) | "Specifically, with respect to our members and our recruitment consumer advertising and marketing solutions, we compete with existing general market online professional networking websites, such as LinkedIn, Indeed, and Z…" |
| Competitor | Alphabet (Google) (GOOGL) | "Specifically, with respect to our members and our recruitment consumer advertising and marketing solutions, we compete with existing general market online professional networking websites, such as LinkedIn, Indeed, and Z…" |
| Competitor | Microsoft (MSFT) | "Specifically, with respect to our members and our recruitment consumer advertising and marketing solutions, we compete with existing general market online professional networking websites, such as LinkedIn, Indeed, and Z…" |

## Revenue by business segment (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY | Operating income | Op. margin |
|---|---|---|---|---|---|
| Talentally Network | $587,472 | 49.7% | -33.7% | -$84,365 | -14.4% |
| Remote More | $526,034 | 44.5% | -21.4% | -$37,896 | -7.2% |
| National Association Of Professional Women | $67,790 | 5.7% | -21.5% | -$25,010 | -36.9% |
| Total revenue | $1.2M | 100% | — | -$1.7M | -147.3% |

## Revenue by product line (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Recruitment Services | $580,992 | 49.2% | -34.0% |
| Consumer Advertising & Marketing Solutions | $6,480 | 0.5% | +8.8% |
| Total revenue | $1.2M | 100% | — |
The lines above cover 49.7% of total revenue.

## Company outlook (8-K filed 2026-08-14)

- "The increase was primarily attributable to the amortization of musical works copyrights acquired by the Company, which are being amortized over an estimated 18-month useful life based on the expected peak streaming period."

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter | — | — | — | $0 | — |
| Next quarter (ends 2016-12-31) | — | — | — | $0 | — |
| Current fiscal year (ends 2016-12-31) | — | — | — | $0 | — |
| Next fiscal year | — | — | — | $0 | — |