i. The business — what you’d actually own
| Figure | FY 2026 |
|---|---|
| Revenue | $3,3591 |
| Net income | −$108,5562 |
| Operating cash flow | −$56,0563 |
| Capital expenditure | — |
| Free cash flow (derived) | — |
| Total debt | — |
| Cash & equivalents | $1,4214 |
| Diluted shares | 5.0M |
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
−$0.13
your share of equity
Profit it earned you last year
−$0.22
Free cash flow it threw off
—
Debt you’d be carrying
—
10 shares is a claim on −$0.13 of net worth that earned you −$0.22 last year.
iii. Is this a good business?
Moat signal · return on equity
— avg · 1y
Not enough data in the filings for a return-on-capital reading.
seeing a moat in the numbers →Management signal · capital allocation
−0% shares · 1y
Share count is roughly flat over 1 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.
iv. What it’s worth — engine v0.5.0
Different models answer different questions — which to trust when →
Sources — the receipts
- 10-K · period ending 2026-05-31 · accession 0002076765-26-000009 (Revenues)
- 10-K · period ending 2026-05-31 · accession 0002076765-26-000009 (NetIncomeLoss)
- 10-K · period ending 2026-05-31 · accession 0002076765-26-000009 (NetCashProvidedByUsedInOperatingActivities)
- 10-K · period ending 2026-05-31 · accession 0002076765-26-000009 (CashAndCashEquivalentsAtCarryingValue)