HIGHOutside partySupplier
single outsourced back-office vendor
“10-K Item 1A: 'we depend on a single third-party vendor relationship to ensure that certain of our business needs are sufficiently met'”
EFOR · Concentration risk · 10-K extracted
Everforth (EFOR) concentration risks
Updated
The most significant concentration Everforth discloses is single outsourced back-office vendor, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: Everforth’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 2 disclosed concentrations
HIGH1
MEDIUM1
LOW0
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
MEDIUMBuilt-in & outside partyCustomer
26%
U.S. federal government
“10-K Item 1: 'Revenues from contracts directly with several U.S. federal government agencies in which our Federal Government Segment is a prime contractor combined were 26 percent of consolidated revenues in 2025.'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-07-06Everforth's concentration risk sits on both the operational and revenue side of the business. Operationally, the company depends on a single third-party vendor relationship to ensure that certain business needs are sufficiently met, a high-share dependency with no disclosed alternative vendor to fall back on. On the revenue side, contracts directly with several U.S. federal government agencies — where Everforth's Federal Government Segment acts as a prime contractor — combined for 26% of consolidated revenues, a moderate concentration the filing frames as mixed in character, reflecting both the relative stability of government contracting and the budgetary/procurement risk that comes with it. These two exposures are largely independent of one another — a disruption at the back-office vendor is an operational risk, while government contract risk is about funding and renewal — so they don't obviously compound, but together they mean Everforth has limited redundancy in both its vendor base and its customer mix. The single-vendor dependency is the more consequential of the two given its high disclosed share, while the federal government concentration, while real, is more moderate and typical for a company with a dedicated public-sector segment.
For the engine’s reasoning on EFOR’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Information Technology Services
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| CACI | CACI International, Inc. | 3 | 1 | 0 | 4 |
| BBAI | BigBear.ai, Inc. | 1 | 1 | 0 | 2 |
| EFOR● | Everforth, Inc. | 1 | 1 | 0 | 2 |
| ACN | Accenture plc | 0 | 0 | 0 | 0 |
| APLD | Applied Digital Corporation | 0 | 0 | 0 | 0 |
| BR | Broadridge Financial Solutions, | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.