Agilysys, Inc. AGYS R2KR3KTECH
Company Overview
Agilysys, Inc. operates as a developer and marketer of software-enabled solutions and services to the hospitality industry in North America, Europe, the Asia-Pacific, and India. The company offers software solutions fully integrated with third party hardware and operating systems; cloud applications, support, and maintenance; subscription and maintenance; and professional services. Its hospitality software solutions comprise hospitality experience cloud offers solution ecosystems that combine core operational systems for property management, point-of-sale (POS), and inventory and procurement; and Hospitality Solution Studios. The company also provides food and beverage ecosystem solutions, such as the InfoGenesis POS, IG Kiosk, a self-service, customer-facing kiosk point of sale solution; and IG KDS, a digital kitchen management solution. Its food and beverage experience enhancer solutions include IG OnDemand; IG Fly; IG Quick Pay payment solution; IG Smart Menu; IG Digital Menu Board; IG PanOptic; Pay; eCash; gift card solution; and Analyze. In addition, the company offers hospitality and leisure ecosystem solutions comprising LMS, an on-premises or hosted, web, and mobile-enabled PMS solution; Versa; and Stay, a cloud-native SaaS property management system. Its hospitality and leisure and experience enhancer solutions consist of Book, Express Kiosk and Express Mobile for check-in and check-out; Spa software; Golf; Sales and Catering; Service; Authorize; DataMagine; Reserve solution; Digital Marketing solution; Retail POS solution; Central Reservations; Loyalty and Promotions; Membership; Residence Management; and Guest App. Further, the company provides inventory and procurement ecosystem solutions, including the Eatec solution and Stratton Warren System. The company was formerly known as Pioneer-Standard Electronics, Inc. and changed its name to Agilysys, Inc. in 2003. Agilysys, Inc. was founded in 1932 and is headquartered in Alpharetta, Georgia.
Why Investors Should Care
Net profit has compounded at 17.3% per year over the last five years.
Carries low leverage with a debt-to-equity ratio of 0.05.
Generates positive free cash flow, funding growth and shareholder returns internally.
Recent Developments
- Mar 2026 Revenue of $319.31M (+15.9% YoY); net profit $38.79M.
- Trailing 12 Months Year-on-year growth — revenue +14.3%, earnings +88.2%.
- 5-Year Trend Long-term compounding — revenue CAGR 3.4%, profit CAGR 17.3%.
Growth & Price Performance
Compounded Sales Growth
| 5 Years: | 3.40% |
| 1 Year: | 14.30% |
Compounded Profit Growth
| 5 Years: | 17.29% |
| 1 Year: | 88.20% |
Stock Price Performance
| 1 Year: | +0.41% |
| 6 Months: | +43.76% |
| 3 Months: | +25.80% |
| 1 Month: | +3.51% |
Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.
- Price vs 50-DMAAbove
- Price vs 200-DMAAbove
- RSI (14)49.24 · Neutral
P/E of 73.26 is above the sector median of 32.42 — pricier than peers.
Auto-generated from price history and fundamentals; not investment advice.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth Charts
No fundamental data available for this stock.
Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.
PROS
- Profit CAGR of 17.3% over 5 years.
- Generates positive free cash flow.
- In a confirmed uptrend (50-DMA above 200-DMA).
CONS
- Trading at a high P/E of 73.3.
* The pros and cons are auto-generated from financial metrics.
Valuation
Growth (CAGR)
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Peer comparison
Peer companies in the same sector (Technology).
| # | Name | CMP $ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | AGYS Agilysys, Inc. R2KR3KTECH | 111.36 | 73.26 | $3.14B | 0.00% | 12.14% | 13.80% | 3.40% | 17.29% |
| 2 | NVDA NVIDIA Corporation NDXSPXR3KAITECH | 230.36 | 35.28 | $5.58T | 0.46% | 74.66% | 114.29% | 24.64% | 32.12% |
| 3 | AAPL Apple Inc. NDXSPXR3KTECH | 319.97 | 36.69 | $4.67T | 0.35% | 68.72% | 148.75% | 1.81% | 3.92% |
| 4 | MSFT Microsoft Corporation NDXSPXR3KAITECH | 499.70 | 27.85 | $3.71T | 0.73% | 26.33% | 34.04% | 9.93% | 11.90% |
| 5 | TSM Taiwan Semiconductor Manufacturing Company Limited AITECH | 426.34 | 37.46 | $2.21T | 0.91% | 30.20% | 39.97% | 18.94% | 19.57% |
| 6 | AVGO Broadcom Inc. NDXSPXR3KAITECH | 357.90 | 59.55 | $1.70T | 0.62% | 16.70% | 37.28% | 17.04% | 54.08% |
| 7 | MU Micron Technology, Inc. NDXSPXR3KAITECH | 1,016.59 | 22.97 | $1.15T | 0.06% | 13.69% | 66.64% | 13.68% | 26.02% |
| 8 | AMD Advanced Micro Devices, Inc. NDXSPXR3KAITECH | 477.57 | 122.14 | $779.62B | 0.00% | 5.47% | 10.20% | 11.81% | 66.28% |
| 9 | ASML ASML Holding N.V. NDXAITECH | 1,714.88 | 58.49 | $658.69B | 0.53% | 42.97% | 53.94% | 15.55% | 19.55% |
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios
Quarterly Results
Figures in USD.
| Metric | Sep 2015 | Dec 2015 | Mar 2016 | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | Jun 2021 | Sep 2021 | Dec 2021 | Jun 2022 | Sep 2022 | Dec 2022 | Jun 2023 | Sep 2023 | Dec 2023 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | 33.87M | 30.13M | 31.31M | 32.06M | 34.01M | 34.20M | 36.01M | 36.62M | 38.39M | 40.72M | 41.99M | 39.66M | 29.81M | 34.36M | 36.67M | 38.73M | 37.89M | 39.46M | 47.51M | 47.74M | 49.92M | 56.06M | 58.62M | 60.57M | 63.51M | 68.28M | 69.56M | 74.27M | 76.67M | 79.30M | 80.39M | 82.95M | 87.68M |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 29.22M | 29.38M | 30.33M | 30.15M | 29.53M | - |
| Gross Profit | 15.88M | 16.24M | 15.47M | 16.67M | 15.37M | 15.63M | 16.75M | 16.67M | 15.37M | 15.63M | 16.75M | 17.89M | 17.75M | 18.65M | 19.59M | 20.01M | 20.22M | 21.06M | 19.66M | 18.55M | 23.15M | 24.20M | 24.87M | 24.25M | 24.72M | 28.50M | 29.36M | 30.78M | 33.06M | 35.10M | 37.82M | 39.87M | 43.21M | 43.85M | 45.05M | 47.29M | 48.97M | 50.24M | 53.42M | 55.66M |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 39.60M | 42.66M | 34.71M | 38.57M | 40.70M | - |
| Operating Income | -379.00K | -1.68M | - | -2.19M | -2.34M | -1.63M | - | -3.02M | -3.20M | -3.61M | - | -1.64M | -3.80M | -3.88M | - | -1.54M | -2.88M | -2.70M | - | -423.00K | 6.05M | -1.81M | 2.04M | 1.12M | 1.61M | 3.03M | 2.93M | 3.48M | 958.00K | 3.56M | 7.75M | 5.75M | 4.13M | 7.41M | 5.46M | 4.63M | 14.26M | 11.67M | 12.72M | 9.74M |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 8.27M | 7.63M | 18.33M | 15.51M | 17.68M | - |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 413.00K | 217.00K | 56.00K | 30.00K | 190.00K | - |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 5.37M | 4.85M | 15.71M | 12.88M | 14.96M | - |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.45M | -41.00K | 4.00M | 2.99M | 2.67M | - |
| Net Income | -2.40M | -1.74M | -5.29M | -2.96M | -3.25M | -1.93M | -210.00K | -2.96M | -3.25M | -1.93M | -210.00K | -1.74M | -3.79M | -4.05M | -3.59M | -1.57M | -2.92M | -2.58M | -26.99M | -517.00K | 5.87M | -2.07M | 1.97M | 982.00K | 1.54M | 3.04M | 3.58M | 3.89M | 1.55M | 4.54M | 77.14M | 14.11M | 1.36M | 3.83M | 3.92M | 4.89M | 11.71M | 9.90M | 12.29M | 8.99M |
| Diluted EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -0.13 | -0.11 | - | -0.07 | 0.22 | -0.11 | 0.06 | 0.02 | 0.04 | 0.10 | 0.12 | 0.13 | 0.04 | 0.16 | 2.85 | 0.50 | 0.05 | 0.14 | 0.14 | 0.17 | 0.41 | 0.35 | 0.43 | 0.32 |
| R&D Expense | 6.78M | 6.97M | - | 6.86M | 6.95M | 6.85M | - | 6.63M | 6.81M | 7.27M | - | 7.09M | 10.15M | 10.06M | - | 10.06M | 10.78M | 11.29M | - | 8.27M | 8.26M | 12.38M | 11.48M | 11.38M | 11.21M | 11.56M | 12.58M | 12.42M | 13.32M | 14.58M | 14.55M | 14.72M | 16.17M | 14.97M | - | 17.45M | 17.82M | 18.93M | - | 20.25M |
Profit & Loss (Annual)
Figures in USD.
| Metric | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 193.51M | 202.68M | 82.05M | 94.01M | 101.26M | 103.51M | 120.37M | 127.68M | 127.36M | 140.84M | 160.76M | 137.18M | - | 198.06M | 237.46M | 275.62M | 319.31M |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | 77.25M | 93.21M | 103.64M | 119.39M |
| Gross Profit | 74.01M | 75.64M | 49.63M | 57.62M | 64.04M | 60.08M | 68.11M | 63.78M | 64.42M | 73.88M | 80.95M | 89.38M | - | 120.82M | 144.26M | 171.99M | 199.92M |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | 107.59M | 128.47M | 148.55M | 156.64M |
| Operating Income | -14.88M | -21.62M | -45.84M | -9.31M | -6.19M | -12.47M | -4.31M | -11.41M | -12.08M | -13.08M | -34.06M | -20.96M | - | 13.23M | 15.78M | 23.43M | 43.28M |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | 19.43M | 26.11M | 35.16M | 59.15M |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | 1.53M | 493.00K |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | 15.76M | 20.68M | 25.64M | 48.41M |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.18M | -65.51M | 2.41M | 9.62M |
| Net Income | 3.55M | -55.48M | -22.78M | -1.30M | 17.10M | -11.50M | -3.77M | -11.72M | -8.35M | -13.16M | -34.07M | -21.00M | - | 14.58M | 86.19M | 23.23M | 38.79M |
| Diluted EPS | - | - | - | -0.06 | 0.77 | - | - | - | - | - | -1.47 | -1.01 | - | 0.49 | 3.17 | 0.82 | 1.37 |
| R&D Expense | 28.24M | 27.53M | 21.85M | 23.89M | 25.21M | 25.32M | 26.69M | 29.05M | 27.94M | 37.82M | 41.46M | 55.34M | 46.33M | 50.26M | 56.74M | 62.41M | 72.75M |
Balance Sheet (Annual)
Figures in USD.
| Metric | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | - | - | 312.40M | 204.14M | 197.50M | 190.90M | 181.53M | 185.16M | 167.31M | 157.21M | 163.59M | 154.56M | 189.87M | - | 243.04M | 350.43M | 434.37M | 481.53M |
| Current Assets | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 154.66M | 188.94M | 123.53M | 184.13M |
| Cash & Equivalents | 36.45M | 65.53M | 74.35M | 95.51M | 82.44M | 99.57M | 75.07M | - | - | - | 40.77M | 46.65M | 99.18M | - | 112.84M | 144.89M | 73.04M | 116.89M |
| Inventory | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 9.77M | 4.59M | 5.17M | 7.53M |
| Receivables | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 22.38M | 29.44M | 31.53M | 43.07M |
| Total Liabilities | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 98.27M | 113.95M | 168.48M | 154.74M |
| Current Liabilities | - | - | 146.79M | 78.01M | 74.17M | 48.14M | 50.61M | 54.10M | 46.34M | 44.58M | 57.81M | 69.42M | 61.16M | - | 78.52M | 89.37M | 111.02M | 125.11M |
| Long Term Debt | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 24.00M | - |
| Total Debt | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 16.74M | 23.89M | 46.96M | 19.04M |
| Total Equity | 192.72M | 198.92M | 148.10M | 114.44M | 113.86M | 132.87M | 124.19M | 123.47M | 113.67M | 108.43M | 100.62M | 71.76M | 79.88M | - | 144.77M | 236.48M | 265.89M | 326.79M |
| Shares Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 31.61M | 33.34M | 33.34M | 33.34M |
Cash Flows (Annual)
Figures in USD.
| Metric | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 103.92M | 14.78M | -21.70M | -10.71M | 73.00K | -2.19M | 7.22M | 3.43M | 6.87M | 7.24M | 10.57M | 28.41M | - | 34.46M | 48.19M | 55.13M | 70.00M |
| Investing Cash Flow | 2.27M | -5.71M | 60.34M | -3.05M | 17.57M | -21.63M | -21.01M | -13.87M | -15.09M | -5.53M | -3.45M | -1.39M | - | -6.87M | -7.60M | -148.57M | -1.85M |
| Financing Cash Flow | -77.52M | -657.00K | -15.41M | -877.00K | -963.00K | -401.00K | -577.00K | - | -1.29M | -767.00K | -1.12M | 25.32M | - | -11.09M | -8.56M | 21.93M | -24.47M |
| Capital Expenditure | - | - | - | - | - | - | - | - | - | - | - | - | - | -7.24M | -8.13M | -2.78M | -1.85M |
| Free Cash Flow | - | - | - | - | - | - | - | - | - | - | - | - | - | 27.23M | 40.06M | 52.34M | 68.15M |
| Net Change in Cash | - | - | - | - | - | - | - | - | - | - | - | - | - | 16.50M | 32.03M | -71.51M | 43.68M |
| Share Buybacks | - | 0 | 13.17M | 0 | 0 | - | - | - | - | - | - | - | - | - | - | - | - |
| Dividends Paid | 1.36M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Ratios (Annual)
Figures in %.
| Metric | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin % | 38.2% | 37.3% | 60.5% | 61.3% | 63.2% | 58.0% | 56.6% | 50.0% | 50.6% | 52.5% | 50.4% | 65.2% | - | 61.0% | 60.7% | 62.4% | 62.6% |
| Operating Margin % | -7.7% | -10.7% | -55.9% | -9.9% | -6.1% | -12.0% | -3.6% | -8.9% | -9.5% | -9.3% | -21.2% | -15.3% | - | 6.7% | 6.6% | 8.5% | 13.6% |
| Net Margin % | 1.8% | -27.4% | -27.8% | -1.4% | 16.9% | -11.1% | -3.1% | -9.2% | -6.6% | -9.3% | -21.2% | -15.3% | - | 7.4% | 36.3% | 8.4% | 12.1% |
| ROE % | 1.8% | -37.5% | -19.9% | -1.1% | 12.9% | -9.3% | -3.0% | -10.3% | -7.7% | -13.1% | -47.5% | -26.3% | - | 10.1% | 36.4% | 8.7% | 11.9% |
| ROCE % | - | -13.1% | -36.3% | -7.5% | -4.3% | -9.5% | -3.3% | -9.4% | -10.7% | -12.4% | -40.0% | -16.3% | - | 8.0% | 6.0% | 7.2% | 12.1% |
Shareholding Pattern
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | Blackrock Inc. | 14.65% | 4.13M | $486.98M |
| 2 | MAK Capital One LLC | 4.23% | 1.19M | $140.60M |
| 3 | Vanguard Capital Management LLC | 4.05% | 1.14M | $134.68M |
| 4 | Vanguard Portfolio Management LLC | 3.96% | 1.12M | $131.68M |
| 5 | State Street Corporation | 3.88% | 1.09M | $128.86M |
| 6 | Wasatch Advisors LP | 3.32% | 937.42K | $110.50M |
| 7 | American Century Companies Inc | 3.11% | 877.93K | $103.49M |
| 8 | FMR, LLC | 2.64% | 744.80K | $87.80M |
| 9 | Geode Capital Management, LLC | 2.50% | 705.11K | $83.12M |
| 10 | Artisan Partners Limited Partnership | 2.46% | 692.74K | $81.66M |
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
Recent headlines for AGYS
40% of Golfweek Top 100 U.S. Resort Golf Courses Use Agilysys Golf
ALPHARETTA, Ga., August 27, 2026--Agilysys, Inc. (Nasdaq: AGYS), a global hospitality-focused technology provider, today announced that more than 100 golf properties have deployed its industry-leading Agilysys Golf solution. The milestone r…
Why Agilysys (AGYS) Stock Is Up Today
Shares of hospitality software provider Agilysys (NASDAQ:AGYS) jumped 11.6% in the afternoon session after the company reported better-than-expected second-quarter results and raised its full-year revenue guidance.…
Agilysys Q1 Earnings Call Highlights Subscription-Led Outlook
AGYS lifts its FY27 outlook as subscription sales, backlog deployment and PMS adoption strengthen Q1 results.
Agilysys Inc (AGYS) Q1 2027 Earnings Call Highlights: Record Revenue and Raised Guidance Amid ...
Agilysys Inc (AGYS) reports a strong start to fiscal 2027 with significant growth in subscription revenue and strategic AI developments, despite facing challenges in international markets.
Agilysys (AGYS) Tops Q1 Earnings and Revenue Estimates
Agilysys (AGYS) delivered earnings and revenue surprises of +22.50% and +2.13%, respectively, for the quarter ended June 2026. Do the numbers hold clues to what lies ahead for the stock?
Agilysys Q1 Earnings Call Highlights
Agilysys (NASDAQ:AGYS) reported record fiscal 2027 first-quarter revenue, subscription revenue and profitability, prompting the hospitality software provider to raise its full-year revenue outlook. Revenue for the quarter ended June 30 was …
AGYS — Frequently Asked Questions
What is the current share price of Agilysys, Inc. (AGYS)?
As of 2026-09-07 16:24 PDT, Agilysys, Inc. (AGYS) trades at $111.36 on NasdaqGS. Its 52-week range is $62.19 to $141.12.
What is the market capitalisation of AGYS?
Agilysys, Inc. (AGYS) has a market capitalisation of $3.14B on NasdaqGS.
What is the P/E ratio of AGYS?
AGYS trades at a trailing price-to-earnings (P/E) ratio of 73.26. The industry average P/E is 32.42. Its price-to-book (P/B) ratio is 9.03.
What is the return on equity (ROE) of AGYS?
AGYS has a return on equity (ROE) of 13.80%. Its return on capital employed (ROCE) is 12.14%.
Is AGYS a good stock to buy?
This page provides a data-driven analysis of Agilysys, Inc. (AGYS), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.