MeritValue

ALPHA MODUS HOLDINGS, INC.

AMODdata completeness 75%4 fiscal years on file

Data notes: no data for concept 'totalDebt'

The thesis, from the filings

The applicable estimate puts fair value near $0.68 a share.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 2022FY 2023FY 2024FY 2025
Revenue———$7,1381
Net income$11.9M2−$501,2953$4.1M4−$8.02M4
Operating cash flow−$827,2075−$515,1816−$1.68M7−$3.21M7
Capital expenditure———$8,0508
Free cash flow (derived)———−$3.22M7
Total debt————
Cash & equivalents$171,5839$314,48210——
Diluted shares—1.9M32.2M27.3M

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
−$17.93
your share of equity
Profit it earned you last year
−$2.94
Free cash flow it threw off
−$1.18
Debt you’d be carrying
—

10 shares is a claim on −$17.93 of net worth that earned you −$2.94 and generated −$1.18 of cash last year.

iii. Is this a good business?
Moat signal · return on equity
— avg · 4y

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

seeing a moat in the numbers →
Management signal · capital allocation
+1342% shares · 4y

Share count is up 1342% over 4 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 1 years of FCF (need ≥3) — model not applicable
DCF · Growth Exit 5Y
not applicable
only 1 years of FCF (need ≥3) — model not applicable
Earnings Power Value
$0.68
assumptions (8)
  • riskFreeRate4.7%
  • equityRiskPremium5.0%
  • beta100.0%
  • equityWeight85.0%
  • costOfDebtSpread1.5%
  • taxRate21.0%
  • normalizedEarnings$1.8M
  • growthAssumed0.0%
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 2025-12-31 · accession 0001493152-26-014230 (RevenueFromContractWithCustomerExcludingAssessedTax)
  2. 10-K · period ending 2022-12-31 · accession 0001213900-24-042933 (NetIncomeLoss)
  3. 10-K · period ending 2023-12-31 · accession 0001641172-25-004768 (NetIncomeLoss)
  4. 10-K · period ending 2024-12-31 · accession 0001493152-26-014230 (NetIncomeLoss)
  5. 10-K · period ending 2022-12-31 · accession 0001213900-24-042933 (NetCashProvidedByUsedInOperatingActivities)
  6. 10-K · period ending 2023-12-31 · accession 0001641172-25-004768 (NetCashProvidedByUsedInOperatingActivities)
  7. 10-K · period ending 2024-12-31 · accession 0001493152-26-014230 (NetCashProvidedByUsedInOperatingActivities)
  8. 10-K · period ending 2025-12-31 · accession 0001493152-26-014230 (PaymentsToAcquirePropertyPlantAndEquipment)
  9. 10-K · period ending 2022-12-31 · accession 0001213900-24-042933 (CashAndCashEquivalentsAtCarryingValue)
  10. 10-K · period ending 2023-12-31 · accession 0001213900-24-042933 (CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents)