Model N, Inc.

NYSE:MODN Stock Report

Market Cap: US$1.2b

This company has been acquired

The company may no longer be operating, as it has been acquired. Find out why through their latest events.

Model N Management

Management criteria checks 3/4

Model N's CEO is Jason Blessing, appointed in May 2018, has a tenure of 6.08 years. total yearly compensation is $6.88M, comprised of 8.1% salary and 91.9% bonuses, including company stock and options. directly owns 2.24% of the company’s shares, worth $26.50M. The average tenure of the management team and the board of directors is 5.2 years and 6.1 years respectively.

Key information

Jason Blessing

Chief executive officer

US$6.9m

Total compensation

CEO salary percentage8.1%
CEO tenure6.1yrs
CEO ownership2.2%
Management average tenure5.2yrs
Board average tenure6.1yrs

Recent management updates

Recent updates

Is Model N (NYSE:MODN) Using Too Much Debt?

Mar 31
Is Model N (NYSE:MODN) Using Too Much Debt?

Model N: Unspectacular But Steady (Rating Upgrade)

Mar 26

Getting In Cheap On Model N, Inc. (NYSE:MODN) Is Unlikely

Mar 13
Getting In Cheap On Model N, Inc. (NYSE:MODN) Is Unlikely

Model N, Inc. (NYSE:MODN) Just Reported First-Quarter Earnings: Have Analysts Changed Their Mind On The Stock?

Feb 09
Model N, Inc. (NYSE:MODN) Just Reported First-Quarter Earnings: Have Analysts Changed Their Mind On The Stock?

Model N Is Dead Money, Recent Downside Will Likely Continue

Jan 10

Model N: A Resilient Growth Story In Revenue Management Solutions

Oct 16

Is Model N (NYSE:MODN) Using Too Much Debt?

Sep 27
Is Model N (NYSE:MODN) Using Too Much Debt?

Model N: Where Do We Go From Here? (Ratings Downgrade)

Aug 22

Unpleasant Surprises Could Be In Store For Model N, Inc.'s (NYSE:MODN) Shares

Jul 17
Unpleasant Surprises Could Be In Store For Model N, Inc.'s (NYSE:MODN) Shares

We Think Model N (NYSE:MODN) Has A Fair Chunk Of Debt

Jun 15
We Think Model N (NYSE:MODN) Has A Fair Chunk Of Debt

Calculating The Intrinsic Value Of Model N, Inc. (NYSE:MODN)

Apr 10
Calculating The Intrinsic Value Of Model N, Inc. (NYSE:MODN)

This Is Why Shareholders Will Hold Back On A Pay Rise For Model N, Inc.'s (NYSE:MODN) CEO This Year

Feb 10
This Is Why Shareholders Will Hold Back On A Pay Rise For Model N, Inc.'s (NYSE:MODN) CEO This Year

Is Model N (NYSE:MODN) Using Debt Sensibly?

Jan 13
Is Model N (NYSE:MODN) Using Debt Sensibly?

Model N: Fundamentals Don't Support Valuation

Dec 20

Is Model N (NYSE:MODN) Weighed On By Its Debt Load?

Sep 28
Is Model N (NYSE:MODN) Weighed On By Its Debt Load?

Model N: Little Reason To Stay Invested

Sep 20

Estimating The Fair Value Of Model N, Inc. (NYSE:MODN)

Aug 06
Estimating The Fair Value Of Model N, Inc. (NYSE:MODN)

Model N: Downgrading To Neutral On Deceleration

Jul 06

Health Check: How Prudently Does Model N (NYSE:MODN) Use Debt?

Jun 14
Health Check: How Prudently Does Model N (NYSE:MODN) Use Debt?

CEO Compensation Analysis

How has Jason Blessing's remuneration changed compared to Model N's earnings?
DateTotal CompensationSalaryCompany Earnings
Mar 31 2024n/an/a

US$262k

Dec 31 2023n/an/a

-US$32m

Sep 30 2023US$7mUS$557k

-US$34m

Jun 30 2023n/an/a

-US$43m

Mar 31 2023n/an/a

-US$52m

Dec 31 2022n/an/a

-US$26m

Sep 30 2022US$7mUS$530k

-US$29m

Jun 30 2022n/an/a

-US$27m

Mar 31 2022n/an/a

-US$28m

Dec 31 2021n/an/a

-US$31m

Sep 30 2021US$6mUS$515k

-US$30m

Jun 30 2021n/an/a

-US$27m

Mar 31 2021n/an/a

-US$22m

Dec 31 2020n/an/a

-US$16m

Sep 30 2020US$5mUS$500k

-US$14m

Jun 30 2020n/an/a

-US$16m

Mar 31 2020n/an/a

-US$16m

Dec 31 2019n/an/a

-US$18m

Sep 30 2019US$3mUS$485k

-US$19m

Jun 30 2019n/an/a

-US$17m

Mar 31 2019n/an/a

-US$30m

Dec 31 2018n/an/a

-US$28m

Sep 30 2018US$6mUS$162k

-US$28m

Compensation vs Market: Jason's total compensation ($USD6.88M) is above average for companies of similar size in the US market ($USD3.39M).

Compensation vs Earnings: Jason's compensation has been consistent with company performance over the past year.

CEO

Jason Blessing (52 yo)

6.1yrs

Tenure

US$6,877,671

Compensation

Mr. Jason Blessing has been the Chief Executive Officer and Director of Model N, Inc. since effective May 10, 2018 and served as its President. Mr. Blessing served as Senior Vice President of product devel...

Leadership Team

NamePositionTenureCompensationOwnership
Jason Blessing
CEO & Director6.1yrsUS$6.88m2.24%
$ 26.5m
John Ederer
Chief Financial Officer3.4yrsUS$3.06m0.75%
$ 8.9m
Mark Anderson
Chief Services Officer8.2yrsUS$2.50m0.66%
$ 7.8m
Timothy Adams
CFO of Rapid7 & Directorless than a yearUS$231.72k0.046%
$ 546.8k
Chris Lyon
Chief Revenue Officer5.2yrsUS$2.96m0.62%
$ 7.3m
Suresh Kannan
Chief Product Officer4.8yrsUS$2.51m0.64%
$ 7.5m
Gwyn Lauber
Director of Investor Relationsno datano datano data
Errol Hunter
Chief Legal Officerno datano datano data
Rehmann Rayani
Chief Strategy & Marketing Officer2.6yrsno data0.33%
$ 3.9m
Laura Selig
Chief People Officer5.6yrsno data0.35%
$ 4.1m
Jesse Mendelsohn
Senior Vice President of Center of Excellenceno datano datano data
Raghavan Krishnan
Vice President of Cloud Engineering & Operations5.5yrsno datano data

5.2yrs

Average Tenure

53yo

Average Age

Experienced Management: MODN's management team is seasoned and experienced (5.2 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Jason Blessing
CEO & Director6.1yrsUS$6.88m2.24%
$ 26.5m
Timothy Adams
CFO of Rapid7 & Director7.5yrsUS$231.72k0.046%
$ 546.8k
David Yarnold
Independent Director5.5yrsUS$221.56k0.056%
$ 659.8k
Alan Henricks
Independent Director9.1yrsUS$229.68k0.074%
$ 879.8k
Scott Reese
Independent Director5.1yrsUS$217.48k0.068%
$ 804.4k
Baljit Dail
Independent Non-Executive Chairman of the Board7.1yrsUS$250.47k0.14%
$ 1.7m
Melissa Fisher
Independent Director7.8yrsUS$217.48k0.14%
$ 1.7m
Kimberly DeCarlis
Independent Director4.4yrsUS$213.45k0.029%
$ 347.8k
Manisha Gulati
Independent Director3.5yrsUS$211.43k0.019%
$ 229.0k

6.1yrs

Average Tenure

56yo

Average Age

Experienced Board: MODN's board of directors are considered experienced (6.1 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/06/26 16:35
End of Day Share Price 2024/06/26 00:00
Earnings2024/03/31
Annual Earnings2023/09/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Model N, Inc. is covered by 17 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Ilya GrozovskyB. Riley Wealth
Eugene MannheimerColliers Securities
Chad BennettCraig-Hallum Capital Group LLC