Information systems (IS) research employs a wide range of theory, drawn from numerous disciplines. Over the course of the past three decades, the proliferation of theory has created considerable diversity, leading to calls for greater reflection on the nature of this diversity. Thus, this study seeks to examine the state of IS theorizing through a review of recent publications in one of the field's leading journals. The findings confirm the presence of considerable conceptual diversity within the field. A paradigmatic model is developed to frame the most salient relationships revealed in the research. The paper identifies common theories encountered in the field, along with key constructs, and the contexts under which these constructs are studied. The paper also suggests the presence of some relatively unexplored areas for potential future theorizing.