DevvStream Corp.

DEVSFdata completeness 75%4 fiscal years on file

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

i. The business — what you’d actually own

Figure	FY 2022	FY 2023	FY 2024	FY 2025
Revenue	—	—	$0¹	$25,794¹
Net income	$11.5M²	$23,947²	−$9.87M³	−$12.1M³
Operating cash flow	−$967,054⁴	−$3.11M⁴	−$1.55M⁵	−$6.43M⁵
Capital expenditure	—	—	—	—
Free cash flow (derived)	—	—	—	—
Total debt	—	—	—	—
Cash & equivalents	$0⁶	$0⁶	$0⁷	$0⁷
Diluted shares	5.8M	5.8M	1.2M	2.5M

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

−$77.7

your share of equity

Profit it earned you last year

−$47.85

Free cash flow it threw off

—

Debt you’d be carrying

—

10 shares is a claim on −$77.7 of net worth that earned you −$47.85 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.

Management signal · capital allocation

−56% shares · 4y

Share count is down 56% over 4 years — management has been buying back stock, quietly handing owners a bigger slice.

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