FreeCast, Inc. earns about -579% on equity, with a roughly flat share count. 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.
| Figure | FY 2025 | FY 2026 |
|---|---|---|
| Revenue | $628,1491 | $710,8821 |
| Net income | −$14.1M2 | −$13M2 |
| Operating cash flow | −$12.3M3 | −$10M3 |
| Capital expenditure | $26,8824 | $23,1994 |
| Free cash flow (derived) | −$12.4M3 | −$10.1M3 |
| Total debt | — | — |
| Cash & equivalents | $549,2495 | $8.92M5 |
| Diluted shares | 39.4M | 39.5M |
Superscripts are receipts. Each links to the SEC filing the number came from (full list at the bottom).
10 shares is a claim on $0.57 of net worth that earned you −$3.3 and generated −$2.54 of cash last year.
It earned an average -579% on equity over 2 years. Compare that to what it costs to fund the business.
seeing a moat in the numbers →Share count is roughly flat over 2 years — little dilution, little buyback.
reading capital allocation →Signals, not verdicts — read from the filings above. Numbers don’t prove a moat; they show its footprint. You decide.
Different models answer different questions — which to trust when →
- 10-K · period ending 2025-06-30 · accession 0001213900-26-104155 (Revenues)
- 10-K · period ending 2025-06-30 · accession 0001213900-26-104155 (NetIncomeLoss)
- 10-K · period ending 2025-06-30 · accession 0001213900-26-104155 (NetCashProvidedByUsedInOperatingActivities)
- 10-K · period ending 2025-06-30 · accession 0001213900-26-104155 (PaymentsToAcquirePropertyPlantAndEquipment)
- 10-K · period ending 2025-06-30 · accession 0001213900-26-104155 (CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents)