MeritValue

Glidelogic Corp.

GDLGdata completeness 75%5 fiscal years on file

Data notes: no data for concept 'totalDebt'; no data for concept 'epsDiluted'; no data for concept 'interestExpense'; no data for concept 'pretaxIncome'

The thesis, from the filings

Glidelogic Corp. earns about -61% on equity, but has diluted owners by 3024% 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 2022FY 2023FY 2024FY 2025FY 2026
Revenue$24,5001$243,0602$30,0003$33,5634$774
Net income−$7425−$14,6086−$22,1247−$27,4368−$93,3988
Operating cash flow−$8,6539−$17,81310−$13,33811−$20,22412−$103,07112
Capital expenditure—$2,35313$014$014—
Free cash flow (derived)—−$20,16610−$13,33811−$20,22412—
Total debt—————
Cash & equivalents$34,71315$14,54716$19917$2,10718$6818
Diluted shares2.1M2.7M66.6M66.6M66.6M

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
−$0.02
your share of equity
Profit it earned you last year
−$0.01
Free cash flow it threw off
—
Debt you’d be carrying
—

10 shares is a claim on −$0.02 of net worth that earned you −$0.01 last year.

iii. Is this a good business?
Moat signal · return on equity
-61% avg · 5y
FY22 -3%FY23 -119%FY24 —FY25 —FY26 —

It earned an average -61% on equity over 5 years. Compare that to what it costs to fund the business.

seeing a moat in the numbers →
Management signal · capital allocation
+3024% shares · 5y

Share count is up 3024% 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 · period ending 2022-01-31 · accession 0001848672-23-000007 (Revenues)
  2. 10-K/A · period ending 2023-01-31 · accession 0001096906-24-001106 (Revenues)
  3. 10-K · period ending 2024-01-31 · accession 0001096906-25-000593 (Revenues)
  4. 10-K · period ending 2025-01-31 · accession 0001096906-26-000615 (Revenues)
  5. 10-K · period ending 2022-01-31 · accession 0001848672-23-000007 (NetIncomeLoss)
  6. 10-K/A · period ending 2023-01-31 · accession 0001096906-24-001106 (NetIncomeLoss)
  7. 10-K · period ending 2024-01-31 · accession 0001096906-25-000593 (NetIncomeLoss)
  8. 10-K · period ending 2025-01-31 · accession 0001096906-26-000615 (NetIncomeLoss)
  9. 10-K · period ending 2022-01-31 · accession 0001848672-23-000007 (NetCashProvidedByUsedInOperatingActivities)
  10. 10-K/A · period ending 2023-01-31 · accession 0001096906-24-001106 (NetCashProvidedByUsedInOperatingActivities)
  11. 10-K · period ending 2024-01-31 · accession 0001096906-25-000593 (NetCashProvidedByUsedInOperatingActivities)
  12. 10-K · period ending 2025-01-31 · accession 0001096906-26-000615 (NetCashProvidedByUsedInOperatingActivities)
  13. 10-K/A · period ending 2023-01-31 · accession 0001096906-24-001106 (PaymentsToAcquirePropertyPlantAndEquipment)
  14. 10-K · period ending 2024-01-31 · accession 0001096906-25-000593 (PaymentsToAcquirePropertyPlantAndEquipment)
  15. 10-K · period ending 2022-01-31 · accession 0001848672-23-000007 (CashAndCashEquivalentsAtCarryingValue)
  16. 10-K/A · period ending 2023-01-31 · accession 0001096906-24-001106 (CashAndCashEquivalentsAtCarryingValue)
  17. 10-K · period ending 2024-01-31 · accession 0001096906-25-000593 (CashAndCashEquivalentsAtCarryingValue)
  18. 10-K · period ending 2025-01-31 · accession 0001096906-26-000615 (CashAndCashEquivalentsAtCarryingValue)