C2 Blockchain, Inc.
CBLOdata completeness 75%5 fiscal years on fileData notes: no data for concept 'capex'; no data for concept 'totalDebt'; no data for concept 'interestExpense'; no data for concept 'incomeTaxExpense'; 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 | — | — | — | — | $1851 |
| Net income | −$5,5852 | −$8,4073 | −$18,5074 | −$30,0205 | −$235,2655 |
| Operating cash flow | — | −$12,6576 | −$18,5077 | −$30,0208 | −$149,3338 |
| Capital expenditure | — | — | — | — | — |
| Free cash flow (derived) | — | — | — | — | — |
| Total debt | — | — | — | — | — |
| Cash & equivalents | — | — | — | $309 | $99 |
| Diluted shares | — | 253.9M | 253.9M | 253.9M | 274.7M |
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
−$0
your share of equity
Profit it earned you last year
−$0.01
Free cash flow it threw off
—
Debt you’d be carrying
—
10 shares is a claim on −$0 of net worth that earned you −$0.01 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.
seeing a moat in the numbers →Management signal · capital allocation
+8% shares · 5y
Share count is up 8% over 5 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 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
- 10-K · period ending 2025-06-30 · accession 0001882781-25-000034 (Revenues)
- 10-K · period ending 2021-06-30 · accession 0001599916-22-000224 (NetIncomeLoss)
- 10-K · period ending 2022-06-30 · accession 0001599916-23-000202 (NetIncomeLoss)
- 10-K · period ending 2023-06-30 · accession 0001599916-24-000212 (NetIncomeLoss)
- 10-K · period ending 2024-06-30 · accession 0001882781-25-000034 (NetIncomeLoss)
- 10-K · period ending 2022-06-30 · accession 0001599916-23-000202 (NetCashProvidedByUsedInOperatingActivities)
- 10-K · period ending 2023-06-30 · accession 0001599916-24-000212 (NetCashProvidedByUsedInOperatingActivities)
- 10-K · period ending 2024-06-30 · accession 0001882781-25-000034 (NetCashProvidedByUsedInOperatingActivities)
- 10-K · period ending 2024-06-30 · accession 0001882781-25-000034 (CashAndCashEquivalentsAtCarryingValue)