Alchemy Investments Acquisition Corp 1

ALCYFdata completeness 50%4 fiscal years on file

Data notes: no data for concept 'revenue'; no data for concept 'capex'; no data for concept 'totalDebt'; no data for concept 'epsDiluted'; no data for concept 'interestExpense'; no data for concept 'pretaxIncome'

The thesis, from the filings

Alchemy Investments Acquisition Corp 1 earns about 0% on equity. 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

Figure	FY 2022	FY 2023	FY 2024	FY 2025
Revenue	—	—	—	—
Net income	$0¹	$3.3M²	$4.25M³	−$1.1M³
Operating cash flow	—	−$863,183⁴	−$658,568⁵	−$1.31M⁵
Capital expenditure	—	—	—	—
Free cash flow (derived)	—	—	—	—
Total debt	—	—	—	—
Cash & equivalents	—	$309,742⁶	$181,174⁷	$55,020⁷
Diluted shares	—	—	—	—

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

iii. Is this a good business?

Moat signal · return on equity

0% avg · 4y

FY22 0%FY23 —FY24 —FY25 —

It earned an average 0% on equity over 4 years. Compare that to what it costs to fund the business.

seeing a moat in the numbers →

Management signal · capital allocation

— shares · 4y

Not enough history to read capital allocation.

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 0 years of FCF (need ≥3) — model not applicable

DCF · Growth Exit 5Y

not applicable

only 0 years of FCF (need ≥3) — model not applicable

Earnings Power Value

not applicable

no diluted share count

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

10-K · period ending 2022-12-31 · accession 0001410578-24-000490 (NetIncomeLoss)
10-K · period ending 2023-12-31 · accession 0001410578-25-000635 (NetIncomeLoss)
10-K/A · period ending 2024-12-31 · accession 0001104659-26-052966 (NetIncomeLoss)
10-K · period ending 2023-12-31 · accession 0001410578-25-000635 (NetCashProvidedByUsedInOperatingActivities)
10-K/A · period ending 2024-12-31 · accession 0001104659-26-052966 (NetCashProvidedByUsedInOperatingActivities)
10-K · period ending 2023-12-31 · accession 0001410578-25-000635 (CashAndCashEquivalentsAtCarryingValue)
10-K/A · period ending 2024-12-31 · accession 0001104659-26-052966 (CashAndCashEquivalentsAtCarryingValue)