Model N (MODN) Stock Price

Model N Price

Delisted·Jun 26, 2024
30.00USD
Last traded price

Revenue has compounded at 13.1% per year over the past 13 years to 249.46 M USD. Model N's net margin stands at -13.6%, broadly stable from -13.7% several years earlier. Analysts set a median price target of 30.60 USD, implying 2.0% above the current price. Of 14 analysts, 0 rate the stock a buy — an overall Hold consensus.

Model N stock price

Volume
Details

Stock Price

How to Read This Chart

This chart tracks the historical stock price of Model N over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how Model N stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing Model N's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

Model N Stock Price History
DateModel N Price
Access this data via the Eulerpool API

Model N Revenue, EBIT, Net Income

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  • Max

Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2019
141.24 M USD
-15.33 M USD
-19.29 M USD
Jan 1, 2020
161.06 M USD
-6.61 M USD
-13.66 M USD
Jan 1, 2021
193.45 M USD
-14.62 M USD
-29.74 M USD
Jan 1, 2022
219.16 M USD
-12.96 M USD
-28.64 M USD
Jan 1, 2023
249.46 M USD
-4.12 M USD
-33.92 M USD
Jan 1, 2024 (e)
262.59 M USD
49.99 M USD
50.46 M USD
Jan 1, 2025 (e)
287.46 M USD
61.31 M USD
58.74 M USD
Jan 1, 2026 (e)
327.03 M USD
81.05 M USD
74.25 M USD

Model N Income Statement, Balance Sheet, Cash Flow Statement

Last updated Jul 26, 2026, 7:15 PM
 
REVENUEM USD
REVENUE GROWTH%
GROSS MARGIN%
GROSS INCOMEM USD
EBITM USD
EBIT MARGIN%
NET INCOMEM USD
NET INCOME GROWTH%
SHARESM
20112012201320142015201620172018201920202021202220232024e2025e2026e
65.0084.00101.0081.0093.00106.00131.00154.00141.00161.00193.00219.00249.00262.00287.00327.00
30.0029.2320.24-19.8014.8113.9823.5817.56-8.4414.1819.8813.4713.705.229.5413.94
58.4651.1954.4654.3255.9150.0053.4457.7953.1959.0154.9255.7156.6356.6356.6356.63
38.0043.0055.0044.0052.0053.0070.0089.0075.0095.00106.00122.00141.00148.36162.52185.17
2.00-4.00-20.00-19.00-32.00-38.00-20.00-15.00-6.00-14.00-12.00-4.0049.0061.0081.00
3.08-4.76-24.69-20.43-30.19-29.01-12.99-10.64-3.73-7.25-5.48-1.6118.7021.2524.77
1.00-5.00-20.00-19.00-33.00-39.00-28.00-19.00-13.00-29.00-28.00-33.0050.0058.0074.00
-600.00-5.0073.6818.18-28.21-32.14-31.58123.08-3.4517.86-251.5216.0027.59
7.008.0016.0024.0026.0027.0029.0030.0032.0034.0035.0037.0038.0038.0038.0038.00
Details

Income Statement Key Figures

Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales Model N generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue Model N retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare Model N's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares Model N has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against Model N's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

Model N stock margins

The Model N margin analysis displays the gross margin, EBIT margin, as well as the profit margin of Model N. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for Model N.
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Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2019
53.18 %
-10.85 %
-13.66 %
Jan 1, 2020
59.33 %
-4.10 %
-8.48 %
Jan 1, 2021
55.21 %
-7.56 %
-15.37 %
Jan 1, 2022
55.69 %
-5.91 %
-13.07 %
Jan 1, 2023
56.62 %
-1.65 %
-13.60 %
Jan 1, 2024 (e)
56.62 %
19.04 %
19.22 %
Jan 1, 2025 (e)
56.62 %
21.33 %
20.43 %
Jan 1, 2026 (e)
56.62 %
24.78 %
22.70 %

Model N Stock Revenue, EBIT, Earnings per Share

The Model N earnings per share therefore indicates how much revenue Model N has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.
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Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2019
4.41 USD
-0.48 USD
-0.60 USD
Jan 1, 2020
4.74 USD
-0.19 USD
-0.40 USD
Jan 1, 2021
5.53 USD
-0.42 USD
-0.85 USD
Jan 1, 2022
5.92 USD
-0.35 USD
-0.77 USD
Jan 1, 2023
6.56 USD
-0.11 USD
-0.89 USD
Jan 1, 2024 (e)
6.66 USD
1.32 USD
1.28 USD
Jan 1, 2025 (e)
7.29 USD
1.61 USD
1.49 USD
Jan 1, 2026 (e)
8.30 USD
2.13 USD
1.88 USD

Model N business model & stock analysis

Model N Inc is a US-based technology solutions company specializing in revenue management, pricing, sales, and contract management for life science, technology, and medical device manufacturers. The company offers customized software solutions and consulting services to help maximize revenue and minimize risks associated with contract management and compliance. Model N Inc has three business divisions: Life Sciences, High Tech, and Medical Technology, each offering specialized solutions for their respective industries. The company's software is used by major companies worldwide, and it has offices in multiple countries. Its products include Revenue Cloud, Deal Management, Channel Cloud, Rebate Management, and Analytics Cloud. Model N Inc has made several acquisitions to expand its business operations, and its goal is to help companies optimize their revenue processes.

Model N SWOT Analysis

Strengths

Model N Inc has a strong reputation in the industry, known for its innovative technology solutions.

The company has a diverse and talented workforce that brings expertise and creativity to its products and services.

Model N Inc has a strong financial position with solid revenue growth and profitability.

Weaknesses

The company's dependence on a limited number of major clients poses a risk to its revenue stream.

Model N Inc may face challenges in keeping up with rapidly evolving technologies and industry trends.

The company's geographic presence is concentrated in a few regions, which limits its market reach.

Opportunities

The increasing demand for cloud-based solutions presents opportunities for Model N Inc to expand its product offerings.

The company can explore strategic partnerships and acquisitions to enter new markets or enhance its existing capabilities.

Expanding into emerging markets can provide Model N Inc with additional growth prospects.

Threats

Intense competition from established players as well as new entrants poses a threat to Model N Inc's market position.

Changes in government regulations or policies can impact the company's operations and market opportunities.

Economic downturns or instability in global markets can negatively affect customer spending and demand for Model N Inc's products.

Model N Segments

Model N Revenue by Segment

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Subscription
Software As A Service And Maintenance
Professional services
License And Implementation
Details
Date
Subscription
Software As A Service And Maintenance
Professional services
License And Implementation
Jan 1, 2018
0.00 USD
135.93 M USD
0.00 USD
18.71 M USD
Jan 1, 2019
103.67 M USD
0.00 USD
39.43 M USD
0.00 USD
Jan 1, 2020
116.18 M USD
0.00 USD
44.87 M USD
0.00 USD
Jan 1, 2021
142.45 M USD
0.00 USD
51.00 M USD
0.00 USD
Jan 1, 2022
159.77 M USD
0.00 USD
59.40 M USD
0.00 USD
Jan 1, 2023
181.35 M USD
0.00 USD
68.11 M USD
0.00 USD

Model N Eulerpool Fair Value

Details

Fair Value Estimate

What Is Fair Value?

Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.

Earnings-Based Fair Value

Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.

Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021

Revenue-Based Fair Value

Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"

Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021

Dividend-Based Fair Value

Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.

Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021

How to Use This Chart

When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.

Model N historical P/E ratio, EBIT multiple, and P/S ratio

Model N annual returns

Details

Annual Return

What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

Model N shares outstanding

The number of shares of Model N was 38 M in 2025. This indicates how many shares Model N is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.
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  • Max

Number of stocks
Details
Date
Number of stocks
Jan 1, 2019
32.00 M Stocks
Jan 1, 2020
34.00 M Stocks
Jan 1, 2021
35.00 M Stocks
Jan 1, 2022
37.00 M Stocks
Jan 1, 2023
38.00 M Stocks
Jan 1, 2024 (e)
38.00 M Stocks
Jan 1, 2025 (e)
38.00 M Stocks
Jan 1, 2026 (e)
38.00 M Stocks

Current Model N forecasts and price targets in July 2026

Analyst Price Targets 2026
Δ MOM Price Target
0.00 %
Buy0.00 % (0)
Hold78.57 % (11)
Sell21.43 % (3)
12M Price Target
30.60
Last Price
30.00
Currency
USD
12M Return Potential
2.00 %
LTM Return
0 %

Model N Earnings Estimates

DateEPS estimateRevenue EstimateQuarterly report
11/7/20240.36USD69.01 MUSD2024 Q4
5/7/20240.31USD66.41 MUSD2024 Q2
2/5/20240.30USD63.42 MUSD2024 Q1
8/7/20230.25USD62.82 MUSD2023 Q3
5/8/20230.22USD60.43 MUSD2023 Q2
2/6/20230.22USD58.58 MUSD2023 Q1
11/8/20220.20USD57.23 MUSD2022 Q4
8/9/20220.16USD55.60 MUSD2022 Q3
5/10/20220.08USD52.25 MUSD2022 Q2
2/8/20220.09USD50.61 MUSD2022 Q1

EESG©

Eulerpool ESG Scorecard© for the Model N stock

47/100
6
Environment
71
Social
65
Governance
E

Environment

20
Scope 1 - Direct Emissions
Scope 2 - Indirect emissions from purchased energy
Scope 3 - Indirect emissions within the value chain
Total CO₂ emissions
CO₂ reduction strategy
Coal energy
Nuclear power
Animal experiments
Fur & Leather
Pesticides
Palm Oil
Tobacco
Genetically modified organisms
Climate concept
Sustainable forestry
Recycling regulations
Environmentally friendly packaging
Hazardous substances
Fuel consumption and efficiency
Water consumption and efficiency
S

Social

20
Percentage of female employees37
Percentage of women in management
Percentage of Asian employees33
Share of Asian management29
Percentage of Hispanic/Latino employees5
Hispano/Latino Management share4
Percentage of Black employees4
Black Management Share3
Percentage of white employees56
White Management Share62
Adult content
Alcohol
Weapons
Firearms
Gambling
Military contracts
Human rights concept
Privacy concept
Occupational health and safety
Catholic
G

Governance (Corporate Governance)

4
Environmental reporting
Stakeholder Engagement
Call Back Policies
Antitrust law

The Eulerpool ESG Scorecard© is the strictly copyrighted intellectual property of Eulerpool Research Systems. Any unauthorized use, imitation, or infringement will be actively pursued and may lead to significant legal consequences. For licenses, collaborations, or usage rights, please contact us directly via our contact form. Contact Form to us.

Model N shareholder structure

% Name
7.78494%
Glazer Capital, LLC
Glazer Capital, LLC
1.03705%
Blessing (Jason)
Blessing (Jason)
0.32869%
Rayani (Rehmann)
Rayani (Rehmann)
0.28008%
Anderson (Mark Albert)
Anderson (Mark Albert)
0.19927%
Kannan (Suresh)
Kannan (Suresh)
0.15852%
Lyon (Christopher John)
Lyon (Christopher John)
...

Model N Executives and Management Board

JB

Mr. Jason Blessing

(52)

Chief Executive Officer, Director · since 2018

Compensation6.88 M USD
JE

Mr. John Ederer

(54)

Chief Financial Officer

Compensation3.06 M USD
CL

Mr. Christopher Lyon

(53)

Chief Revenue Officer

Compensation2.96 M USD
SK

Mr. Suresh Kannan

(53)

Chief Product Officer

Compensation2.51 M USD
MA

Mr. Mark Anderson

(63)

Chief Services Officer

Compensation2.50 M USD

Frequently asked questions about Model N

The business model of Model N Inc revolves around providing revenue management solutions for companies in the life sciences and high-tech industries. As a leading provider of cloud-based revenue management software, Model N helps these companies optimize their pricing, incentive, and contracting processes. By utilizing industry-specific solutions, Model N enables its customers to streamline revenue operations, mitigate revenue leakage, and drive profitability. With a focus on increasing revenue and reducing costs, Model N's business model caters to the specific needs of life sciences and high-tech companies, helping them improve their revenue management capabilities and achieve sustainable growth.

All fundamentals and in-depth analysis of Model N

Our stock analysis for Model N stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Model N. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.