MeritValue

Foxx Development Holdings Inc.

FOXXdata completeness 100%3 fiscal years on file

Data notes: no data for concept 'investmentsAtFairValue'; no data for concept 'netInvestmentIncome'; no data for concept 'gainsOnRealEstateSales'; no data for concept 'realEstateImpairment'; no data for concept 'dividendsPaid'

i. The business — what you’d actually own
FigureFY 2023FY 2024FY 2025
Revenue$21.6M1$3.23M1$65.9M2
Net income$58,1913−$3.43M4−$9.02M4
Operating cash flow$30,1765−$4.68M6−$6.56M6
Capital expenditure$66,8997$8,7438$68,3368
Free cash flow (derived)−$36,7235−$4.69M6−$6.63M6
Total debt$291,2089$521,17010$194,32210
Cash & equivalents$1.82M11$587,44812$1.88M12
Diluted shares1.0M3.3M6.1M

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
−$8.73
your share of equity
Profit it earned you last year
−$14.67
Free cash flow it threw off
−$10.78
Debt you’d be carrying
$0.32

10 shares is a claim on −$8.73 of net worth that earned you −$14.67 and generated −$10.78 of cash last year, against $0.32 of debt.

iii. Is this a good business?
Moat signal · return on equity
— avg · 3y

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

seeing a moat in the numbers →
Management signal · capital allocation
+514% shares · 3y

Share count is up 514% over 3 years — owners have been diluted. Worth asking what they got for it. Total debt has fallen 33% — deleveraging.

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
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 · period ending 2023-06-30 · accession 0001213900-24-090457 (RevenueFromContractWithCustomerIncludingAssessedTax)
  2. 10-K · period ending 2025-06-30 · accession 0001213900-25-098953 (Revenues)
  3. 10-K · period ending 2023-06-30 · accession 0001213900-24-090457 (NetIncomeLoss)
  4. 10-K · period ending 2024-06-30 · accession 0001213900-25-098953 (NetIncomeLoss)
  5. 10-K · period ending 2023-06-30 · accession 0001213900-24-090457 (NetCashProvidedByUsedInOperatingActivities)
  6. 10-K · period ending 2024-06-30 · accession 0001213900-25-098953 (NetCashProvidedByUsedInOperatingActivities)
  7. 10-K · period ending 2023-06-30 · accession 0001213900-24-090457 (PaymentsToAcquirePropertyPlantAndEquipment)
  8. 10-K · period ending 2024-06-30 · accession 0001213900-25-098953 (PaymentsToAcquirePropertyPlantAndEquipment)
  9. 10-K · period ending 2023-06-30 · accession 0001213900-24-090457 (ShortTermBorrowings)
  10. 10-K · period ending 2024-06-30 · accession 0001213900-25-098953 (LongTermDebtNoncurrent)
  11. 10-K · period ending 2023-06-30 · accession 0001213900-25-098953 (CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents)
  12. 10-K · period ending 2024-06-30 · accession 0001213900-25-098953 (CashAndCashEquivalentsAtCarryingValue)