MeritValue

Datacentrex, Inc.

DTCXdata completeness 88%6 fiscal years on file

Data notes: no data for concept 'totalDebt'; no data for concept 'incomeTaxExpense'

The thesis, from the filings

Datacentrex, Inc. earns about -2177% on invested capital, but has diluted owners by 238% over 5 years — worth asking whether the growth reaches owners. 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.

i. The business — what you’d actually own
FigureFY 2021FY 2022FY 2023FY 2024FY 2025
Revenue$2,4461$2,4212$2,0483$7413$6.96M4
Net income−$857,2555−$1.5M6−$3.32M7−$4M7−$8.5M8
Operating cash flow−$813,2119−$1.08M10−$2.33M11−$3.49M11−$6.45M12
Capital expenditure$6,44913—$7,98614$11,12014$25.9M15
Free cash flow (derived)−$819,6609—−$2.33M11−$3.5M11−$32.4M12
Total debt—————
Cash & equivalents$424,44516$1.16M17$259,21218$4.68M18$38.9M19
Diluted shares5.4M6.2M7.1M8.0M18.3M

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
$36.11
your share of equity
Profit it earned you last year
−$4.63
Free cash flow it threw off
−$17.65
Debt you’d be carrying
—

10 shares is a claim on $36.11 of net worth that earned you −$4.63 and generated −$17.65 of cash last year.

iii. Is this a good business?
Moat signal · return on invested capital
-2177% avg · 5y
FY21 —FY22 —FY23 -2850%FY24 -3656%FY25 -25%

It earned an average -2177% on invested capital over 5 years. Compare that to what it costs to fund the business.

seeing a moat in the numbers →
Management signal · capital allocation
+238% shares · 5y

Share count is up 238% 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
3y-median FCF non-positive — growth-exit DCF not applicable (see EPV)
DCF · Growth Exit 5Y
not applicable
3y-median FCF non-positive — growth-exit DCF not applicable (see EPV)
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
  1. 10-K/A · period ending 2021-12-31 · accession 0001493152-23-029307 (RevenueFromContractWithCustomerExcludingAssessedTax)
  2. 10-K · period ending 2022-12-31 · accession 0001493152-24-010691 (RevenueFromContractWithCustomerExcludingAssessedTax)
  3. 10-K · period ending 2023-12-31 · accession 0001493152-25-009872 (RevenueFromContractWithCustomerExcludingAssessedTax)
  4. 10-K · period ending 2025-12-31 · accession 0001493152-26-016375 (RevenueFromContractWithCustomerExcludingAssessedTax)
  5. 10-K/A · period ending 2021-12-31 · accession 0001493152-23-029307 (NetIncomeLoss)
  6. 10-K · period ending 2022-12-31 · accession 0001493152-24-010691 (NetIncomeLoss)
  7. 10-K · period ending 2023-12-31 · accession 0001493152-25-009872 (NetIncomeLoss)
  8. 10-K · period ending 2025-12-31 · accession 0001493152-26-016375 (NetIncomeLoss)
  9. 10-K/A · period ending 2021-12-31 · accession 0001493152-23-029307 (NetCashProvidedByUsedInOperatingActivities)
  10. 10-K · period ending 2022-12-31 · accession 0001493152-24-010691 (NetCashProvidedByUsedInOperatingActivities)
  11. 10-K · period ending 2023-12-31 · accession 0001493152-25-009872 (NetCashProvidedByUsedInOperatingActivities)
  12. 10-K · period ending 2025-12-31 · accession 0001493152-26-016375 (NetCashProvidedByUsedInOperatingActivities)
  13. 10-K/A · period ending 2021-12-31 · accession 0001493152-23-029307 (PaymentsToAcquirePropertyPlantAndEquipment)
  14. 10-K · period ending 2023-12-31 · accession 0001493152-25-009872 (PaymentsToAcquirePropertyPlantAndEquipment)
  15. 10-K · period ending 2025-12-31 · accession 0001493152-26-016375 (PaymentsToAcquirePropertyPlantAndEquipment)
  16. 10-K/A · period ending 2021-12-31 · accession 0001493152-23-029307 (CashAndCashEquivalentsAtCarryingValue)
  17. 10-K · period ending 2022-12-31 · accession 0001493152-24-010691 (CashAndCashEquivalentsAtCarryingValue)
  18. 10-K · period ending 2023-12-31 · accession 0001493152-25-009872 (CashAndCashEquivalentsAtCarryingValue)
  19. 10-K · period ending 2025-12-31 · accession 0001493152-26-016375 (CashAndCashEquivalentsAtCarryingValue)