Xbrl US — Federal Contractor Profile
XBRL US Secures $22.6 Million in Sole-Source Contracts for Federal Data Standards
Contractor Overview
Total Contract Value: $22,637,037 ($22.6M)
Total Awards: 2
Company Profile
XBRL US is a federal contractor with a total government contract value of $22.6 million, involving two contracts averaging $11.3 million each. The company specializes in providing services related to the eXtensible Business Reporting Language (XBRL) and related data standards, which are crucial for financial reporting and data interoperability. XBRL US has not won any recent contracts, indicating a period of inactivity in the market. The lack of recent contracts and the absence of specific agency clients suggests a limited dependency on government agencies, but also a potential risk of reduced business activity. The company's contract patterns reveal a focus on large, sole-source contracts, which may indicate a strategy to secure significant, high-value projects without the need for competitive bidding. XBRL US's track record is limited, but their expertise in XBRL and related data standards positions them as a niche specialist in the federal market. Their performance history is not available, but their core capabilities suggest they are well-suited to support government agencies in improving financial reporting and data management. XBRL US's business strategy appears to be centered on leveraging their expertise in XBRL to secure large, high-value contracts, which could be a double-edged sword, providing significant revenue but also increasing dependency on a few large contracts.
Specializations
- XBRL implementation and support
- Data interoperability
- Financial reporting standards
- Data management
- Regulatory compliance
Contractor Metrics
Average Contract Size: $0
Competitive Win Rate: 0% (all contracts are sole-source)
Agency Concentration: moderate
Growth Trajectory: stable
Sole Source Rate: 100%
Recompete Rate: 0% (no recompete/renewal contracts)
Competitive Position
XBRL US operates as a niche specialist in the federal market, focusing on providing services related to XBRL and data standards. While they have not demonstrated a competitive win rate, their sole-source contracts indicate a strong position in securing significant, high-value projects. Their expertise in XBRL and related data standards positions them as a key player in supporting government agencies in improving financial reporting and data management. However, their reliance on sole-source contracts may limit their exposure to competitive bidding and increase dependency on a few large contracts.
Value to Taxpayers
XBRL US provides specialized services that are essential for improving financial reporting and data interoperability within government agencies. Their expertise in XBRL and related data standards is valuable, but the lack of competitive bidding and the absence of recent contracts may raise concerns about the efficiency and cost-effectiveness of their services. The high value of their contracts suggests that they are securing significant projects, but the absence of recent contracts and the absence of specific agency clients may indicate a period of inactivity or reduced demand.
Agency Relationships
XBRL US's limited agency client base and the absence of specific agency clients suggest a moderate level of dependency on government agencies. However, the lack of recent contracts and the absence of specific agency clients may indicate a risk of reduced business activity. The company's focus on large, sole-source contracts may limit their exposure to a diverse range of agencies, which could be a concern if there is a shift in government priorities or funding.
Red Flags
- Lack of recent contracts: XBRL US has not won any recent contracts, indicating a period of inactivity in the market.
- High value contracts: The average contract size of $11.3 million is significantly high, which may raise concerns about cost-effectiveness.
- Sole-source contracts: All contracts are sole-source, which may limit their exposure to competitive bidding and increase dependency on a few large contracts.
Green Flags
- Expertise in XBRL: XBRL US's core capabilities in XBRL and related data standards position them as a key player in supporting government agencies in improving financial reporting and data management.
- Sole-source contracts: While this may be a red flag, it also indicates a strong position in securing significant, high-value projects.
- Stable growth trajectory: The company's stable growth trajectory, based on contract patterns, suggests a consistent business strategy.
Key Contracts
XBRL US's two contracts, each valued at $11.3 million, are significant and reveal their core capabilities in providing services related to XBRL and data standards. These contracts demonstrate their ability to secure large, high-value projects without the need for competitive bidding. The absence of recent contracts and the lack of specific agency clients suggest a period of inactivity or reduced demand. The company's focus on large, sole-source contracts may limit their exposure to a diverse range of agencies, which could be a concern if there is a shift in government priorities or funding. These contracts also reveal their strategic direction, which is centered on leveraging their expertise in XBRL to secure significant, high-value projects. However, the lack of recent contracts and the absence of specific agency clients may indicate a risk of reduced business activity.
Frequently Asked Questions
What does XBRL US do for the federal government?
XBRL US provides specialized services related to the eXtensible Business Reporting Language (XBRL) and data standards, which are crucial for financial reporting and data interoperability. Their services support government agencies in improving financial reporting and data management, ensuring compliance with regulatory requirements and enhancing data interoperability across different systems and agencies.
How much taxpayer money does XBRL US receive?
XBRL US has received a total of $22.6 million in government contracts, with an average contract size of $11.3 million. This indicates that the company secures significant, high-value projects, but the absence of recent contracts and the lack of specific agency clients suggest a period of inactivity or reduced demand.
Is XBRL US good value for taxpayer money?
XBRL US provides specialized services that are essential for improving financial reporting and data interoperability within government agencies. Their expertise in XBRL and related data standards is valuable, but the lack of competitive bidding and the absence of recent contracts may raise concerns about the efficiency and cost-effectiveness of their services. The high value of their contracts suggests that they are securing significant projects, but the absence of recent contracts and the lack of specific agency clients may indicate a period of inactivity or reduced demand.
How does XBRL US win its contracts?
XBRL US secures its contracts through a strategy focused on leveraging their expertise in XBRL and related data standards to secure large, high-value projects without the need for competitive bidding. Their sole-source contracts indicate a strong position in securing significant, high-value projects, but the lack of recent contracts and the absence of specific agency clients suggest a period of inactivity or reduced demand.
What agencies use XBRL US most?
XBRL US's limited agency client base and the absence of specific agency clients suggest a moderate level of dependency on government agencies. However, the lack of recent contracts and the absence of specific agency clients may indicate a risk of reduced business activity. The company's focus on large, sole-source contracts may limit their exposure to a diverse range of agencies, which could be a concern if there is a shift in government priorities or funding.
What are the risks of relying on XBRL US?
The risks of relying on XBRL US include the lack of recent contracts, which may indicate a period of inactivity or reduced demand. The high value of their contracts and the absence of specific agency clients may raise concerns about the efficiency and cost-effectiveness of their services. The company's focus on large, sole-source contracts may limit their exposure to competitive bidding and increase dependency on a few large contracts. However, their expertise in XBRL and related data standards positions them as a key player in supporting government agencies in improving financial reporting and data management.
How does XBRL US compare to similar contractors?
XBRL US operates as a niche specialist in the federal market, focusing on providing services related to XBRL and data standards. While they have not demonstrated a competitive win rate, their sole-source contracts indicate a strong position in securing significant, high-value projects. Their expertise in XBRL and related data standards positions them as a key player in supporting government agencies in improving financial reporting and data management. However, their reliance on sole-source contracts may limit their exposure to competitive bidding and increase dependency on a few large contracts. Other contractors in the same sector may have a more diverse portfolio and a higher competitive win rate, but XBRL US's focus on their core capabilities may give them a strong position in their niche market.
Recent Federal Contracts
Xbrl US has 1 federal contracts on record. Below are the largest awards:
| Contract | Agency | Amount | Type |
|---|---|---|---|
| SEC's $11.3M contract for GAAP financial statement taxonomy development award... | Securities and Exchange Commission | $11.3M | N/A |