MeritValue

Adia Nutrition, Inc.

ADIAdata completeness 88%2 fiscal years on file

Data notes: no data for concept 'totalDebt'; no data for concept 'interestExpense'

The thesis, from the filings

Adia Nutrition, Inc. earns about -744% on invested capital, but has diluted owners by 2% over 2 years — worth asking whether the growth reaches owners. The cash-flow models don't apply cleanly here — the ledger says why below.Whether it’s worth owning at today’s price is the last question — and yours to answer, below.

i. The business — what you’d actually own
FigureFY 2024FY 2025
Revenue$6,3801$700,5081
Net income−$181,0672−$395,4642
Operating cash flow−$335,4763−$179,2283
Capital expenditure$21,8314$13,2004
Free cash flow (derived)−$357,3073−$192,4283
Total debt——
Cash & equivalents$6,3235$79,3925
Diluted shares91.7M93.6M

Superscripts are receipts. Each links to the SEC filing the number came from (full list at the bottom).

ii. Your slice — ownership made literal
If you owned
shares
Net assets behind them
−$0.03
your share of equity
Profit it earned you last year
−$0.04
Free cash flow it threw off
−$0.02
Debt you’d be carrying
—

10 shares is a claim on −$0.03 of net worth that earned you −$0.04 and generated −$0.02 of cash last year.

iii. Is this a good business?
Moat signal · return on invested capital
-744% avg · 2y
FY24 -744%FY25 —

It earned an average -744% on invested capital over 2 years. Compare that to what it costs to fund the business.

seeing a moat in the numbers →
Management signal · capital allocation
+2% shares · 2y

Share count is up 2% over 2 years — owners have been diluted. Worth asking what they got for it.

reading capital allocation →

Signals, not verdicts — read from the filings above. Numbers don’t prove a moat; they show its footprint. You decide.

iv. What it’s worth — engine v0.1.0
DCF · Growth Exit 10Y
not applicable
only 2 years of FCF (need ≥3) — model not applicable
DCF · Growth Exit 5Y
not applicable
only 2 years of FCF (need ≥3) — model not applicable
Earnings Power Value
not applicable
only 2 years of net income (need ≥3)
Graham Number
not applicable
diluted EPS missing or non-positive — Graham Number undefined

Different models answer different questions — which to trust when →

Sources — the receipts
  1. 10-K · period ending 2024-12-31 · accession 0001683168-26-002531 (Revenues)
  2. 10-K · period ending 2024-12-31 · accession 0001683168-26-002531 (NetIncomeLoss)
  3. 10-K · period ending 2024-12-31 · accession 0001683168-26-002531 (NetCashProvidedByUsedInOperatingActivities)
  4. 10-K · period ending 2024-12-31 · accession 0001683168-26-002531 (PaymentsToAcquirePropertyPlantAndEquipment)
  5. 10-K · period ending 2024-12-31 · accession 0001683168-26-002531 (CashAndCashEquivalentsAtCarryingValue)