FIVN // Five9 Inc.

DES <GO> NASDAQ RQD COCKPIT → CIK 0001288847 ↗

Technology • EDP Services

$36.34 ▼ -1.07 (-2.86%)

MKT CAP: $2.72B • VOL: 1.47M

52W L $13 52W H $40

ALTMAN Z

2.57 GREY

PIOTROSKI

8 / 9

FIVN // ROARABLE RATING & 5-PILLAR RQD CONFIDENCE 02:00 EST DETERMINISTIC ENGINE

▼ DOWNGRADE // C (RQD 64) -> C- (RQD 60) AS OF 2026-11-03

ROARABLE C-

RQD CONFIDENCE

60 / 100 -4D

5 X 20-PT QUANT PILLARS

E 0 D 35 C 59 B 70 A 86+

Roarable Hold — Cautious Neutral

01 MASSIVE / SEC XBRL

Forensic Fundamentals

10 / 20

NEUTRAL

FCF +99.7% vs NI +200% • ROIC-WACC -4.5% • Z 2.57

02 INSTITUTIONAL TAPE & TREND

Whale & Options Flow

14 / 20

SOLID

52W RANGE 86% • VS 200D +49.4% • RSI 53

03 SEC XBRL CAPITAL ALLOCATION

Insider & Capital Conviction

[LOCKED] FLAGGED

UNLOCK BELOW TO REVEAL

04 FRED 90D r-MATRIX

Macro Regime Fit

[LOCKED] FLAGGED

UNLOCK BELOW TO REVEAL

05 10-K REDLINE AUDIT

Forensic 10-K Risk

14 / 20

SOLID

20 BASE - 6 DEDUCT • 0 CRIT / 0 MED • STABLE

ALERT

Why did FIVN's Macro Regime Fit & Insider & Capital Conviction sub-score just flash a warning? Enter your email to unlock the full 5-Pillar Rating Breakdown + get instant alerts whenever FIVN is Upgraded or Downgraded.

SIG <GO> CROSS-FEED TRIANGULATION // PROPRIETARY ANOMALY ENGINE (1 ACTIVE ON FIVN)

STAGE 2 DETERMINISTIC Z-SCORE + STAGE 3 GEEK DESK BRIEF ALL MARKET ANOMALIES <SIG>

▼ BEARISH // MACRO TAILWIND SCORE (31/100)SIFTER 05 // TRUE NET LIQUIDITY BETA

SEVERITY: 80/100 Z-SCORE: +2.05σ

FIVN Exhibits 1.84x True Net Liquidity Elasticity as Fed-TGA-RRP Prints $5,746B

TRUE NET LIQUIDITY

$5,746B (-0.64% 4W)

NET LIQUIDITY ELASTICITY

1.84x BETA (r=+0.19)

MACRO TAILWIND SCORE

31 / 100

[GEEK DESK FORENSIC NOTE // FRED WALCL - TGA - RRP × 5Y BETA]

FRED Fed Assets (WALCL)US Treasury TGA (WTREGEN) + ON RRPICE BofA High-Yield OAS + 5Y Equity Beta

Wall Street's True Net Liquidity Index (WALCL minus Treasury General Account WTREGEN minus Overnight RRP) stands at $5,745.73B (-0.64% 4-week RoC; High-Yield OAS +34 bps). Rolling 5-year regression assigns Five9 Inc. (FIVN) a 1.84x Net Liquidity beta (r = +0.19), placing it in the top decile of liquidity-sensitive equities. Current plumbing translates to a deterministic Macro Tailwind Score of 31/100.

FIVN // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: +55.70%▲ ASCENDING CHANNEL

2026-11-03O $37.41H $37.41L $36.34C $36.34VOL 1.47M

RES: $45.07SUP: $34.14SMA50: $34.59SMA200: $24.32

FIVN // INSTITUTIONAL BULL VS. BEAR FORENSIC DEBATE

UNDERWEIGHT CONVICTION: 34/100

BEAR 0

100 BULL

Five9 Inc. (FIVN) exhibits 55.1% gross margins and 4.1% return on invested capital within Technology (EDP Services), balanced against a 51.2x enterprise multiple and 4.8% implied options volatility.

▲ INSTITUTIONAL BULL THESIS (LONG)

01. Operating Leverage & Capital Efficiency Moat

Sustained 55.1% gross profitability converts into 2.5% operating margin and 4.1% ROIC, outpacing sector cost of capital.

ROIC: 4.1% // GM: 55.1%

02. Top-Line Expansion & Cash Conversion

YoY revenue trajectory of +10.3% paired with 7.20% free cash flow yield supports self-funded R&D and capital return.

REV YOY: +10.3% // FCF YLD: 7.20%

03. Balance Sheet Solvency & Forensic Quality

Altman Z-Score of 2.57 and Piotroski F-Score of 8/9 indicate low near-term refinancing stress.

ALTMAN Z: 2.57 // F-SCORE: 8/9

▼ INSTITUTIONAL BEAR THESIS (SHORT / RISK)

01. Multiple Compression & Duration Sensitivity

Trading at 70.9x trailing P/E (65.9x Fwd P/E) leaves valuation vulnerable if real 10Y TIPS yields spike.

P/E: 70.9x // EV/EBITDA: 51.2x

02. Options Skew & Event Volatility Risk

Options market prices a ±5.2% implied move with a 0.85 put/call ratio around $36.34 max pain.

IMPL MOVE: ±5.2% // P/C: 0.85

03. Competitive Margin & CapEx Cycle Pressure

Elevated industry capital intensity and customer concentration in EDP Services require continuous execution to defend 3.4% net margins.

NET MARGIN: 3.4% // D/E: 0.45x

KEY CATALYST // Upcoming 10-Q/10-K XBRL margin progression, guidance revision vs 65.9x forward consensus, and institutional 13F positioning.

MACRO REGIME // Monitor US 10Y Real Yields (DFII10) and High-Yield Credit Spreads (OAS) for beta-adjusted multiple impact (Beta 1.10).

FORM 4 & 13F FLOW OPEN OWN <GO>

FILER	SIDE	$ VALUE
INSPECT FULL OWNERSHIP LEDGER IN OWN <GO>

UNUSUAL OPTIONS TAPE OPEN OPT <GO>

STRIKE / EXP	TYPE	PREMIUM
INSPECT GEX & CHAIN IN OPT <GO>

KEY VALUATION & PROFITABILITY RATIOS XBRL FA <GO>

TRAILING P/E 70.9x

FORWARD P/E 65.9x

EV / EBITDA 51.2x

FCF YIELD 7.20%

GROSS MARGIN 55.1%

OPERATING MARGIN 2.5%

NET MARGIN 3.4%

ROIC % 4.1%

REV GROWTH YOY +10.3%

DILUTED EPS TTM $0.53

DEBT / EQUITY —

DIVIDEND YIELD 0.00%

RSI-14 MOMENTUM 53.0

5Y EQUITY BETA —

FRED MACRO SENSITIVITY (PEARSON r) ECST <GO>

MACRO CORRELATION CALIBRATION ACTIVE BELOW.

FRED MACRO REGIME STRESS-TEST SIMULATOR // FIVNPEARSON R VARIANCE ENGINE

01 // SELECT FEDERAL RESERVE & CREDIT SHOCK SCENARIO

02 // POSITION NOTIONAL EXPOSURE

HEADLINE STRESS SCORE

75/100SEVERE DRAWDOWN PRESSURE

PRIMARY FACTOR EXPOSURE

DFII10 // -0.61 r

Latest: 2.08%

EST. DIRECTIONAL MOVE

-8.50%

Implied Px: $33.25

EST. DOLLAR VARIANCE

-$4,248

On $50,000 Notional

[LOCKED // MULTI-FACTOR DRAWDOWN HEDGE & MACRO TRIGGER ALERT]

Unblur the exact $50,000 delta-adjusted ETF/options hedge ratio for FIVN & activate live FRED threshold breach alerts.

HEAD-TO-HEAD PEER COMPARISONS COMP <GO>

FIVN VS AAPL

MARGINS ROIC VALUATION

FIVN VS NVDA

MARGINS ROIC VALUATION

FIVN VS MSFT

MARGINS ROIC VALUATION

FIVN VS TSM

MARGINS ROIC VALUATION