{
 "edition": "2026-W42",
 "window": "2026-10-14 to 2026-10-16",
 "listings": 88,
 "license": "CC BY 4.0",
 "url": "https://firstpassmemo.com/red-flag-index/",
 "median_asking_price_usd": 175933.5,
 "median_annual_multiple": 2.4,
 "median_payback_months": 28.8,
 "share_with_high_flag_pct": 44,
 "share_revenue_trend_negative_pct": 54,
 "flags": [
  {
   "code": "CONC_UNKNOWN",
   "label": "Customer or revenue concentration not disclosed",
   "listings": 88,
   "share_pct": 100
  },
  {
   "code": "GENERIC_REASON",
   "label": "Generic reason for sale",
   "listings": 80,
   "share_pct": 91
  },
  {
   "code": "PLATFORM",
   "label": "Relies on a platform (Amazon, Shopify, Google, YouTube\u2026)",
   "listings": 79,
   "share_pct": 90
  },
  {
   "code": "VOLATILE",
   "label": "Volatile monthly profit",
   "listings": 59,
   "share_pct": 67
  },
  {
   "code": "PROFIT_DECLINE",
   "label": "Last 3 months' profit below the 12-month average",
   "listings": 43,
   "share_pct": 49
  },
  {
   "code": "HOURS",
   "label": "Owner works more than 10 hours a week",
   "listings": 29,
   "share_pct": 33
  },
  {
   "code": "REV_TREND",
   "label": "Marketplace-reported revenue trend negative",
   "listings": 23,
   "share_pct": 26
  },
  {
   "code": "CHANNEL_CONC",
   "label": "One traffic channel above 60%",
   "listings": 10,
   "share_pct": 11
  },
  {
   "code": "NO_CHURN",
   "label": "No churn figure for recurring revenue",
   "listings": 9,
   "share_pct": 10
  },
  {
   "code": "RICH_MULTIPLE",
   "label": "Asking multiple above the typical range",
   "listings": 8,
   "share_pct": 9
  },
  {
   "code": "NO_TRAFFIC",
   "label": "No traffic data in the listing",
   "listings": 7,
   "share_pct": 8
  },
  {
   "code": "SEO_DEPENDENT",
   "label": "Organic search above half of traffic",
   "listings": 6,
   "share_pct": 7
  }
 ]
}