SE‑Cluster

Search

Search markets, companies, evidence, and pages

TickerCITR
SectorAsset Management
Mkt cap$87M
EV / EBITDAN/A
PostureHigh Velocity
Composite70/100
LensTarget-side
SE-Cluster Research·Issuer Brief·Q2 2026CIK 894556

Citrotech Inc.

CITRHIGH VELOCITYFILING INTENSITY

Citrotech Inc. reads as High Velocity (composite 70/100); pressure / disclosure signals dominate the posture this cycle · primary market Financial Infrastructure.

Lens

Disclosed M&A capital (2023–2025)

$4M

new

vs N/A in 2020–2022

Disclosed transactions

1

flat

1/3 active fiscal years in window

Buyer archetype

Selective Buyer

Acquisition use is visible but targeted.

Composite score

70

/100

High Velocity dominates · Filing Intensity

Financial snapshot
Revenue$2M
EBITDAN/A
Enterprise value$83M
EV / Revenue34.9×
EV / EBITDAN/A
P/EN/A
Cash$6M
Total debt$48K
as of 2026-05-10
§ I·SE-Cluster Issuer Brief

Behavioral posture, nine reads.

Each index scores the issuer 0–100 against an EDGAR-anchored definition. Scores ≥ threshold elevate the issuer into the index's constituent set; the dominant index drives the masthead label.

Active Acquirer

3/100

Companies actively deploying disclosed capital into M&A

  • $7M disclosed buyer spend

Buyer Cadence

14/100

Buyer-side companies with recent filing activity

  • Filed within 49d
  • 71 8-Ks

Target Probability

16/100

Issuers showing target-side patterns from filings

  • 3 activism filings

Spin/Carve

0/100

Issuers showing spin-off, carve-out, or sum-of-parts posture

  • 1 divestiture 8-K
  • Latest event 21y ago; heavily discounted
  • 3 activism filings

Pressure Watch

14/100

Issuers facing activism, governance, or control pressure

  • 3 activism filings
  • Latest activism 16y ago; heavily discounted

Distress Watch

40/100

Issuers showing financial-distress filing patterns

  • 10-Q 209d stale
  • 3 activism filings

Restatement Risk

50/100

Issuers with accounting-integrity flags from filings

  • 5 auditor changes
  • 25 NT late filings
  • Latest event 1.1y ago

Capital Velocity

Dominant
70/100

Issuers with the highest filing-activity intensity

  • 71 8-Ks
  • 5 form types

Quiet Power

0/100

Large issuers with low signal volume and clean disclosure cadence

  • Enterprise value $83M
  • 10-Q 209d ago
  • 3 active signals
§ II·SE-Cluster Issuer Brief

Capital cadence.

Ten-year disclosed M&A activity. Bars show spend ($MM); ticks show recorded transaction count. Disclosure tier annotated where v6 audited corpus carries an entry.

16
17
18
19
20
21
22
23
24
25

Disclosed spend $MM Disclosed transactions (right axis)Peak spend year: $4M · Peak count: 1

FYDisclosed buysDisclosed spendAvg ticketAudited tier
2025N/AN/AN/AN/A
20241$4M$4MN/A
2023N/AN/AN/AN/A
2022N/AN/AN/AN/A
20211N/AN/AN/A
2020N/AN/AN/AN/A
§ V·SE-Cluster Issuer Brief

Market context.

Where this issuer sits inside its SE-Cluster rollup wedge, with disclosed-spend rank plus trading comparables against the public peer set.

Primary market

Financial Infrastructure

Market spend (2023–2025)
$186.1B
Market spend (2020–2022)
$98.1B
Recent vs prior
+90%
Issuer rank in market
N/A
Share of market capital
0.0%

Valuation positioning

N/AEV / EBITDA

CITR trades at a -19.6-turn discount to the Financial Infrastructure peer median of 16.2×.

EV / Revenue
34.9×
Net debt / EBITDA
N/A
Peer median EV / EBITDA
16.2×

Trading comparables

FMP market data · 2026-05-10

CompanyEV / EBITDAEV / RevNet debt / EBITDARevenueM&A 2023–2025
22.0×14.5×-0.4×$43B$1.8B
21.4×10.8×1.4×$7.9B$451M
16.2×8.2×3.2×$13.1B$10.3B
10.9×3.9×5.4×$8.8B$5.1B
2.3×2.7×-1.1×$187B$81.8B

Trading multiples from FMP market data; disclosed M&A spend from the SE-Cluster EDGAR 10-K corpus. Peer set = top disclosed buyers in Financial Infrastructure. Bars scaled to the highest EV/EBITDA in the set.

§ VI·SE-Cluster Issuer Brief

Buyer landscape.

Public buyers whose stated archetypes, target categories, and recent cadence align with this issuer as a plausible acquisition target. Scores cross EDGAR signal and disclosure overlap.

Likely buyers

No public buyers surface as a strong target-side fit on current signal.

Likely sellers / divestiture partners

No reciprocal divestiture / strategic-alternatives matches identified.

§ VII·SE-Cluster Issuer Brief

Filing activity & signal stream.

Filing cadence and event-driven signals visible on EDGAR. The signal stream below is curated from restatement / spin-carve / activism categories, providing context for any near-term call.

Filing cadence

  • 10-K (annual)202026-03-30
  • 10-Q (quarterly)612025-11-12
  • 8-K (event)712026-04-21
  • Proxy / DEF 14A82010-01-29
  • Activism (13D / DFAN / PREC)32010-05-27

Signals on file

  • elevated

    Auditor change

    2024-01-31

    5 Item 4.01 filings on file; certifying accountant change.

  • watch

    Late-filing notice

    2025-05-15

    25 NT 10-K/10-Q filings on file.

  • watch

    Divestiture / strategic-alternatives 8-K

    2005-05-16

    1 8-K filing matching divestiture / strategic-alternatives language.

  • elevated

    Activism on file

    2010-05-27

    3 activist filings on file (13D, DFAN14A, PREC14A series).

  • info

    Signal

    Serial acquisition history

  • info

    Signal

    Spin/Carve candidate

  • info

    Signal

    Restatement risk

§ VIII·SE-Cluster Issuer Brief

Audited corpus.

No audited record on file for this CIK in the current v6 corpus.

This issuer has not been extracted into the v6 audited acquirer corpus yet. The brief above pulls from ranking-level aggregates and issuer-index signal only.

Citrotech Inc.: Issuer Brief | SE-Cluster