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Northgate Software · NGS
DEMO DATAUNDERWRITING ASSUMPTIONHOLDFinancial statements DEMO DATA
| $M | FY2022A | FY2023A | FY2024A | FY2025A |
|---|---|---|---|---|
| Revenue | $610.0M | $680.0M | $750.0M | $820.0M |
| % growth | 11.5% | 10.3% | 9.3% | |
| Direct costs / COGS | $183.0M | $190.4M | $202.5M | $213.2M |
| Gross profit (NOI for real estate) | $427.0M | $489.6M | $547.5M | $606.8M |
| % margin | 70.0% | 72.0% | 73.0% | 74.0% |
| Operating expenses (cash, adjusted) | $262.3M | $292.4M | $322.5M | $352.6M |
| EBITDA (company-adjusted basis) | $164.7M | $197.2M | $225.0M | $254.2M |
| % margin | 27.0% | 29.0% | 30.0% | 31.0% |
| D&A | $30.5M | $34.0M | $37.5M | $41.0M |
| Share-based compensation | $0.0M | $0.0M | $0.0M | $0.0M |
| EBIT | $134.2M | $163.2M | $187.5M | $213.2M |
| Interest expense | $38.4M | $40.7M | $43.0M | $45.2M |
| EBT | $95.8M | $122.5M | $144.5M | $168.0M |
| Taxes | $23.9M | $30.6M | $36.1M | $42.0M |
| Net income (model basis) | $71.8M | $91.9M | $108.4M | $126.0M |
| Capex | $18.3M | $20.4M | $22.5M | $24.6M |
| Working capital & other cash items | $2.5M | $3.5M | $3.5M | $3.5M |
| Free cash flow | $81.5M | $102.0M | $119.9M | $138.9M |
Historical columns are fictional demo inputs. Projections flow from the selected scenario’s assumptions (Scenarios tab): interest accrues on beginning balances by tranche; floating tranches use MAX(SOFR, floor) + spread + scenario shock; PIK accrues to principal. FCF = net income + D&A + SBC + PIK − capex − ΔNWC / other. Impairments, restructuring and other one-offs are excluded from EBITDA and net income and sit in the cash plug.
Sources & data lineage (3)
| Source | Document | Data type | Period | Accession | Doc date | Retrieved | Class |
|---|---|---|---|---|---|---|---|
| CreditIQ demo dataset | Northgate Software — illustrative financial statements FY2022–FY2025 | Income statement / cash flow | FY2022–FY2025 | — | 2026-03-31 | 2026-03-31 | DEMO DATA |
| CreditIQ demo dataset | Northgate Software — illustrative capital structure & covenants | Debt schedule | As of 2026-03-31 | — | 2026-03-31 | 2026-03-31 | DEMO DATA |
| CreditIQ demo dataset | Illustrative indicative bid marks (% of par) | Market price | 2026-03-31 | — | 2026-03-31 | 2026-03-31 | DEMO DATA |