MeritValue

Compass Digital Acquisition Corp.

CDAQFdata 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 'dilutedShares'; no data for concept 'sharesOutstanding'; no data for concept 'investmentsAtFairValue'; no data for concept 'netInvestmentIncome'; no data for concept 'depreciationAmortization'; no data for concept 'gainsOnRealEstateSales'; no data for concept 'realEstateImpairment'; no data for concept 'dividendsPaid'; no data for concept 'epsDiluted'; no data for concept 'interestExpense'; no data for concept 'incomeTaxExpense'; no data for concept 'pretaxIncome'

i. The business — what you’d actually own
FigureFY 2022FY 2023FY 2024FY 2025
Revenue————
Net income$9.3M1$4.39M2−$3.55M3−$2.99M3
Operating cash flow−$706,9994−$1.18M5−$1.88M6−$847,6206
Capital expenditure————
Free cash flow (derived)————
Total debt————
Cash & equivalents$936,4347$44,0467$27,7208$9728
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
— avg · 4y

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

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 —

Different models answer different questions — which to trust when →

Sources — the receipts
  1. 10-K · period ending 2022-12-31 · accession 0001493152-24-012485 (NetIncomeLoss)
  2. 10-K · period ending 2023-12-31 · accession 0001641172-25-000421 (NetIncomeLoss)
  3. 10-K · period ending 2024-12-31 · accession 0001493152-26-009210 (NetIncomeLoss)
  4. 10-K · period ending 2022-12-31 · accession 0001493152-24-012485 (NetCashProvidedByUsedInOperatingActivities)
  5. 10-K · period ending 2023-12-31 · accession 0001641172-25-000421 (NetCashProvidedByUsedInOperatingActivities)
  6. 10-K · period ending 2024-12-31 · accession 0001493152-26-009210 (NetCashProvidedByUsedInOperatingActivities)
  7. 10-K · period ending 2022-12-31 · accession 0001493152-24-012485 (CashAndCashEquivalentsAtCarryingValue)
  8. 10-K · period ending 2024-12-31 · accession 0001493152-26-009210 (CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents)