House of Doge Inc.

HODOdata completeness 63%3 fiscal years on file

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

The thesis, from the filings

House of Doge Inc. earns about -463% on equity, but has diluted owners by 118% over 3 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 2023	FY 2024	FY 2025
Revenue	$366,438¹	$105²	—
Net income	−$4.67M³	−$3.29M⁴	−$15.9M⁴
Operating cash flow	−$776,996⁵	−$570,037⁶	−$6.63M⁶
Capital expenditure	—	—	—
Free cash flow (derived)	—	—	—
Total debt	—	$25,000⁷	—
Cash & equivalents	$33,889⁸	$29,228⁸	$222,572⁹
Diluted shares	5.6M	5.7M	12.2M

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

$2.82

your share of equity

Profit it earned you last year

−$13.06

Free cash flow it threw off

—

Debt you’d be carrying

—

10 shares is a claim on $2.82 of net worth that earned you −$13.06 last year.

iii. Is this a good business?

Moat signal · return on equity

-463% avg · 3y

FY23 —FY24 —FY25 -463%

It earned an average -463% on equity over 3 years. Compare that to what it costs to fund the business.

seeing a moat in the numbers →

Management signal · capital allocation

+118% shares · 3y

Share count is up 118% over 3 years — owners have been diluted. Worth asking what they got for it. Total debt has held roughly steady.

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

DCF · Growth Exit 5Y

not applicable

only 0 years of FCF (need ≥3) — model not applicable

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

10-K · period ending 2023-12-31 · accession 0001213900-25-040732 (Revenues)
10-K/A · period ending 2024-12-31 · accession 0001213900-26-046293 (Revenues)
10-K · period ending 2023-12-31 · accession 0001213900-25-040732 (NetIncomeLoss)
10-K/A · period ending 2024-12-31 · accession 0001213900-26-046293 (NetIncomeLoss)
10-K · period ending 2023-12-31 · accession 0001213900-25-040732 (NetCashProvidedByUsedInOperatingActivities)
10-K/A · period ending 2024-12-31 · accession 0001213900-26-046293 (NetCashProvidedByUsedInOperatingActivities)
10-K · period ending 2024-12-31 · accession 0001213900-25-040732 (ShortTermBorrowings)
10-K · period ending 2023-12-31 · accession 0001213900-25-040732 (CashAndCashEquivalentsAtCarryingValue)
10-K/A · period ending 2025-12-31 · accession 0001213900-26-046293 (CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents)