MeritValue

Investview, Inc.

INVUdata completeness 88%15 fiscal years on file
The thesis, from the filings

Investview, Inc. earns about -38% on equity, below its ~9% cost of capital, and has bought back 38% of its shares over 5 years — no moat visible in the numbers. The estimate methods put fair value between $0 and $0.04 a share.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 2021FY 2022FY 2023FY 2024FY 2025
Revenue$38.3M1$61.8M2$67.9M3$52.4M4$36.3M4
Net income$565,7935−$12.9M6$2.83M7$1.19M8−$8.91M8
Operating cash flow$6.89M9$9.36M10$6.07M11$14M12−$3.7M12
Capital expenditure$2.93M13$15.3M14$2.56M15$461,94516$544,56016
Free cash flow (derived)$3.95M9−$5.91M10$3.5M11$13.5M12−$4.24M12
Total debt—————
Cash & equivalents$5.39M17$20.3M18$20.9M19$22.5M20$9.99M20
Diluted shares2.98B2.68B3.60B2.94B1.85B

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
$0.05
your share of equity
Profit it earned you last year
−$0.05
Free cash flow it threw off
−$0.02
Debt you’d be carrying
—

10 shares is a claim on $0.05 of net worth that earned you −$0.05 and generated −$0.02 of cash last year.

iii. Is this a good business?
Moat signal · return on equity
-38% avg · 5y
FY21 —FY22 -75%FY23 15%FY24 7%FY25 -100%

It earned about -38% on equity against a ~9% cost of capital — below the cost of funding. The numbers show no moat.

seeing a moat in the numbers →
Management signal · capital allocation
−38% shares · 5y

Share count is down 38% over 5 years — management has been buying back stock, quietly handing owners a bigger slice.

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

The 3 estimate methods that apply put fair value between $0 and $0.04 a share. They rest on different assumptions, so where they diverge is the story.

DCF · Growth Exit 10Y
$0.04
assumptions (10)
  • riskFreeRate4.7%
  • equityRiskPremium5.0%
  • beta100.0%
  • equityWeight85.0%
  • costOfDebtSpread1.5%
  • taxRate21.0%
  • terminalGrowth2.5%
  • projectionYears10
  • fcfGrowth5.0%
  • fcfBase$3.5M
DCF · Growth Exit 5Y
$0.04
assumptions (10)
  • riskFreeRate4.7%
  • equityRiskPremium5.0%
  • beta100.0%
  • equityWeight85.0%
  • costOfDebtSpread1.5%
  • taxRate21.0%
  • terminalGrowth2.5%
  • projectionYears5
  • fcfGrowth5.0%
  • fcfBase$3.5M
Earnings Power Value
$0
assumptions (8)
  • riskFreeRate4.7%
  • equityRiskPremium5.0%
  • beta100.0%
  • equityWeight85.0%
  • costOfDebtSpread1.5%
  • taxRate21.0%
  • normalizedEarnings$565,793
  • growthAssumed0.0%
Graham Number
not applicable
diluted EPS missing or non-positive — Graham Number undefined

Different models answer different questions — which to trust when →

v. The price question — last, on purpose
Is today’s price fair?
See live price ↗
Type a price. The ledger answers.
Or set your own belief
FCF growth, next 5 years5.0%
Discount rate (WACC)8.93%
Terminal growth2.5%
At your growth, a share is worth $0.04
The three cases
Bear0.0%$0.03
Base5.0%$0.04
Bull10.0%$0.05

Bear/base/bull growth = 0% / filed history / history + 5pp. Type a price to see the return each case implies.

Default growth 5.0%= this company’s own filed history (median-to-median FCF CAGR, clamped 0–20%). Your adjustments are recorded anonymously. They become the “what do owners actually believe” dataset.

Sources — the receipts
  1. 10-K · period ending 2021-03-31 · accession 0001493152-21-015566 (RevenueFromContractWithCustomerExcludingAssessedTax)
  2. 10-K · period ending 2022-12-31 · accession 0001493152-24-011916 (RevenueFromContractWithCustomerExcludingAssessedTax)
  3. 10-K · period ending 2023-12-31 · accession 0001641172-25-001193 (RevenueFromContractWithCustomerExcludingAssessedTax)
  4. 10-K · period ending 2024-12-31 · accession 0001493152-26-014042 (RevenueFromContractWithCustomerExcludingAssessedTax)
  5. 10-K · period ending 2021-03-31 · accession 0001493152-21-015566 (NetIncomeLoss)
  6. 10-K · period ending 2022-12-31 · accession 0001493152-24-011916 (NetIncomeLoss)
  7. 10-K · period ending 2023-12-31 · accession 0001641172-25-001193 (NetIncomeLoss)
  8. 10-K · period ending 2024-12-31 · accession 0001493152-26-014042 (NetIncomeLoss)
  9. 10-K · period ending 2021-03-31 · accession 0001493152-21-015566 (NetCashProvidedByUsedInOperatingActivities)
  10. 10-K · period ending 2022-12-31 · accession 0001493152-24-011916 (NetCashProvidedByUsedInOperatingActivities)
  11. 10-K · period ending 2023-12-31 · accession 0001641172-25-001193 (NetCashProvidedByUsedInOperatingActivities)
  12. 10-K · period ending 2024-12-31 · accession 0001493152-26-014042 (NetCashProvidedByUsedInOperatingActivities)
  13. 10-K · period ending 2021-03-31 · accession 0001493152-21-015566 (PaymentsToAcquirePropertyPlantAndEquipment)
  14. 10-K · period ending 2022-12-31 · accession 0001493152-24-011916 (PaymentsToAcquirePropertyPlantAndEquipment)
  15. 10-K · period ending 2023-12-31 · accession 0001641172-25-001193 (PaymentsToAcquirePropertyPlantAndEquipment)
  16. 10-K · period ending 2024-12-31 · accession 0001493152-26-014042 (PaymentsToAcquirePropertyPlantAndEquipment)
  17. 10-K · period ending 2021-03-31 · accession 0001493152-21-015566 (CashAndCashEquivalentsAtCarryingValue)
  18. 10-K · period ending 2022-12-31 · accession 0001493152-24-011916 (CashAndCashEquivalentsAtCarryingValue)
  19. 10-K · period ending 2023-12-31 · accession 0001641172-25-001193 (CashAndCashEquivalentsAtCarryingValue)
  20. 10-K · period ending 2024-12-31 · accession 0001493152-26-014042 (CashAndCashEquivalentsAtCarryingValue)