MeritValue

Artificial Intelligence Technology Solutions Inc.

AITXdata completeness 88%16 fiscal years on file

Data notes: no data for concept 'investmentsAtFairValue'; no data for concept 'netInvestmentIncome'; no data for concept 'gainsOnRealEstateSales'; no data for concept 'dividendsPaid'; no data for concept 'incomeTaxExpense'

i. The business — what you’d actually own
FigureFY 2022FY 2023FY 2024FY 2025FY 2026
Revenue$1.45M1$1.33M2$2.23M3$6.13M4$7.75M4
Net income−$62.2M5−$18.1M6−$20.7M7−$18.9M8−$14.5M8
Operating cash flow−$14.8M9−$12.6M10−$13M11−$12.2M12−$9.34M12
Capital expenditure—$258,40213$22,16514$23,72415$10,86315
Free cash flow (derived)—−$12.8M10−$13M11−$12.2M12−$9.36M12
Total debt$1,59416$1,59417$13.9M18$519,10519$9.48M20
Cash & equivalents$4.65M21————
Diluted shares4.03B5.09B7.08B116.5M202.9M

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
−$2.62
your share of equity
Profit it earned you last year
−$0.72
Free cash flow it threw off
−$0.46
Debt you’d be carrying
$0.47

10 shares is a claim on −$2.62 of net worth that earned you −$0.72 and generated −$0.46 of cash last year, against $0.47 of debt.

iii. Is this a good business?
Moat signal · return on equity
— avg · 5y

Not enough data in the filings for a return-on-capital reading.

seeing a moat in the numbers →
Management signal · capital allocation
−95% shares · 5y

Share count is down 95% over 5 years — management has been buying back stock, quietly handing owners a bigger slice. Total debt has risen 594876% over the same window.

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 v0.5.0
DCF · Growth Exit 10Y
not applicable
3y-median FCF non-positive — growth-exit DCF not applicable (see EPV)
DCF · Growth Exit 5Y
not applicable
3y-median FCF non-positive — growth-exit DCF not applicable (see EPV)
Earnings Power Value
not applicable
normalized (5y-median) earnings non-positive — EPV undefined
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 2022-02-28 · accession 0001161697-23-000356 (RevenueFromContractWithCustomerIncludingAssessedTax)
  2. 10-K/A · period ending 2023-02-28 · accession 0001493152-24-021767 (RevenueFromContractWithCustomerExcludingAssessedTax)
  3. 10-K · period ending 2024-02-29 · accession 0001641172-25-012903 (RevenueFromContractWithCustomerExcludingAssessedTax)
  4. 10-K/A · period ending 2025-02-28 · accession 0001493152-26-033600 (RevenueFromContractWithCustomerExcludingAssessedTax)
  5. 10-K · period ending 2022-02-28 · accession 0001161697-23-000356 (NetIncomeLoss)
  6. 10-K/A · period ending 2023-02-28 · accession 0001493152-24-021767 (NetIncomeLoss)
  7. 10-K · period ending 2024-02-29 · accession 0001641172-25-012903 (NetIncomeLoss)
  8. 10-K/A · period ending 2025-02-28 · accession 0001493152-26-033600 (NetIncomeLoss)
  9. 10-K · period ending 2022-02-28 · accession 0001161697-23-000356 (NetCashProvidedByUsedInOperatingActivities)
  10. 10-K/A · period ending 2023-02-28 · accession 0001493152-24-021767 (NetCashProvidedByUsedInOperatingActivities)
  11. 10-K · period ending 2024-02-29 · accession 0001641172-25-012903 (NetCashProvidedByUsedInOperatingActivities)
  12. 10-K/A · period ending 2025-02-28 · accession 0001493152-26-033600 (NetCashProvidedByUsedInOperatingActivities)
  13. 10-K/A · period ending 2023-02-28 · accession 0001493152-24-021767 (PaymentsToAcquirePropertyPlantAndEquipment)
  14. 10-K · period ending 2024-02-29 · accession 0001641172-25-012903 (PaymentsToAcquirePropertyPlantAndEquipment)
  15. 10-K/A · period ending 2025-02-28 · accession 0001493152-26-033600 (PaymentsToAcquirePropertyPlantAndEquipment)
  16. 10-K · period ending 2022-02-28 · accession 0001161697-23-000356 (ShortTermBorrowings)
  17. 10-K/A · period ending 2023-02-28 · accession 0001493152-24-021767 (ShortTermBorrowings)
  18. 10-K/A · period ending 2024-02-29 · accession 0001493152-24-021767 (LongTermDebtCurrent)
  19. 10-K · period ending 2025-02-28 · accession 0001641172-25-012903 (LongTermDebtCurrent)
  20. 10-K/A · period ending 2026-02-28 · accession 0001493152-26-033600 (LongTermDebtCurrent)
  21. 10-K/A · period ending 2022-02-28 · accession 0001161697-22-000273 (CashAndCashEquivalentsAtCarryingValue)