Ankam, Inc.

ANKMdata completeness 75%5 fiscal years on file

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

i. The business — what you’d actually own

Figure	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025
Revenue	—	$1,760¹	$27,173²	$104,450³	$325,000³
Net income	−$21,257⁴	−$55,291⁵	−$279,157⁶	−$136,846⁷	−$67,152⁷
Operating cash flow	$24,522⁸	$134,885⁹	−$320,390¹⁰	−$157,541¹¹	$109,446¹¹
Capital expenditure	—	—	—	—	—
Free cash flow (derived)	—	—	—	—	—
Total debt	$34,072¹²	$215,017¹³	$292,026¹³	—	—
Cash & equivalents	—	$2,277¹⁴	$286¹⁴	$57¹⁵	$131,710¹⁵
Diluted shares	3.3M	4.1M	4.3M	4.6M	4.6M

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

Net assets behind them

−$0.86

your share of equity

Profit it earned you last year

−$0.15

Free cash flow it threw off

—

Debt you’d be carrying

—

10 shares is a claim on −$0.86 of net worth that earned you −$0.15 last year.

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.

Management signal · capital allocation

+40% shares · 5y

Share count is up 40% over 5 years — owners have been diluted. Worth asking what they got for it. Total debt has risen 757% over the same window.

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

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