Eva Live Inc

GOAIdata completeness 75%5 fiscal years on file

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

The thesis, from the filings

Eva Live Inc earns about -2867% on invested capital, but has diluted owners by 7% 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

Figure	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025
Revenue	$2.46M¹	$1.35M¹	$5.1M²	$9.33M³	$17M³
Net income	−$9.78M⁴	−$3.62M⁵	−$6.61M⁶	−$3.75M⁷	$8.13M⁷
Operating cash flow	−$607,878⁸	−$593,817⁸	$423,802⁹	−$1.1M¹⁰	−$448,960¹⁰
Capital expenditure	—	—	—	$6,498¹¹	$10,202¹¹
Free cash flow (derived)	—	—	—	−$1.11M¹⁰	−$459,162¹⁰
Total debt	—	—	—	—	—
Cash & equivalents	—	—	—	—	—
Diluted shares	29.2M	115.3M	29.2M	31.0M	31.3M

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

Net assets behind them

$3.09

your share of equity

Profit it earned you last year

$2.59

Free cash flow it threw off

−$0.15

Debt you’d be carrying

—

10 shares is a claim on $3.09 of net worth that earned you $2.59 and generated −$0.15 of cash last year.

iii. Is this a good business?

Moat signal · return on invested capital

-2867% avg · 5y

FY21 -11135%FY22 -208%FY23 —FY24 -189%FY25 66%

It earned an average -2867% 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

+7% shares · 5y

Share count is up 7% 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

only 2 years of FCF (need ≥3) — model not applicable

DCF · Growth Exit 5Y

not applicable

only 2 years of FCF (need ≥3) — model not applicable

Earnings Power Value

not applicable

normalized (5y-median) earnings non-positive — EPV undefined

Graham Number

$1.35

assumptions (1)

grahamMultiplier2250.0%

Different models answer different questions — which to trust when →

Sources — the receipts

10-K · period ending 2021-12-31 · accession 0001493152-24-014165 (RevenueFromContractWithCustomerExcludingAssessedTax)
10-K/A · period ending 2023-12-31 · accession 0001641172-25-011063 (RevenueFromContractWithCustomerExcludingAssessedTax)
10-K · period ending 2024-12-31 · accession 0001493152-26-010305 (RevenueFromContractWithCustomerExcludingAssessedTax)
10-K · period ending 2021-12-31 · accession 0001493152-24-014165 (NetIncomeLoss)
10-K · period ending 2022-12-31 · accession 0001641172-25-004026 (NetIncomeLoss)
10-K/A · period ending 2023-12-31 · accession 0001641172-25-011063 (NetIncomeLoss)
10-K · period ending 2024-12-31 · accession 0001493152-26-010305 (NetIncomeLoss)
10-K · period ending 2021-12-31 · accession 0001493152-24-014165 (NetCashProvidedByUsedInOperatingActivities)
10-K/A · period ending 2023-12-31 · accession 0001641172-25-011063 (NetCashProvidedByUsedInOperatingActivities)
10-K · period ending 2024-12-31 · accession 0001493152-26-010305 (NetCashProvidedByUsedInOperatingActivities)
10-K · period ending 2024-12-31 · accession 0001493152-26-010305 (PaymentsToAcquirePropertyPlantAndEquipment)