Kinetic Seas Inc.

KSEZdata completeness 88%5 fiscal years on file

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

i. The business — what you’d actually own

Figure	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025
Revenue	$0¹	$0²	$0³	$210,584⁴	$71,268⁴
Net income	$22,705⁵	−$94,131⁶	−$160,962⁷	−$3.9M⁸	−$1.24M⁸
Operating cash flow	−$29,476⁹	−$63,287¹⁰	−$133,719¹¹	−$1.07M¹²	−$553,929¹²
Capital expenditure	—	$0¹³	$13,326¹⁴	$100,178¹⁵	$0¹⁵
Free cash flow (derived)	—	−$63,287¹⁰	−$147,045¹¹	−$1.17M¹²	−$553,929¹²
Total debt	—	—	—	—	—
Cash & equivalents	$4,663¹⁶	$1,376¹⁷	$17,931¹⁸	$4,947¹⁹	$7,767¹⁹
Diluted shares	140.8M	3.0M	4.3M	21.6M	24.5M

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

−$0.14

your share of equity

Profit it earned you last year

−$0.5

Free cash flow it threw off

−$0.23

Debt you’d be carrying

—

10 shares is a claim on −$0.14 of net worth that earned you −$0.5 and generated −$0.23 of cash last year.

iii. Is this a good business?

Moat signal · return on equity

— avg · 5y

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

seeing a moat in the numbers →

Management signal · capital allocation

−83% shares · 5y

Share count is down 83% 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

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

10-K · period ending 2021-12-31 · accession 0001683168-23-001957 (Revenues)
10-K/A · period ending 2022-12-31 · accession 0001683168-24-006662 (Revenues)
10-K · period ending 2023-12-31 · accession 0001683168-25-002782 (Revenues)
10-K · period ending 2024-12-31 · accession 0001683168-26-004391 (Revenues)
10-K · period ending 2021-12-31 · accession 0001683168-23-001957 (NetIncomeLoss)
10-K/A · period ending 2022-12-31 · accession 0001683168-24-006662 (NetIncomeLoss)
10-K · period ending 2023-12-31 · accession 0001683168-25-002782 (NetIncomeLoss)
10-K · period ending 2024-12-31 · accession 0001683168-26-004391 (NetIncomeLoss)
10-K · period ending 2021-12-31 · accession 0001683168-23-001957 (NetCashProvidedByUsedInOperatingActivities)
10-K/A · period ending 2022-12-31 · accession 0001683168-24-006662 (NetCashProvidedByUsedInOperatingActivities)
10-K · period ending 2023-12-31 · accession 0001683168-25-002782 (NetCashProvidedByUsedInOperatingActivities)
10-K · period ending 2024-12-31 · accession 0001683168-26-004391 (NetCashProvidedByUsedInOperatingActivities)
10-K/A · period ending 2022-12-31 · accession 0001683168-24-006662 (PaymentsToAcquirePropertyPlantAndEquipment)
10-K · period ending 2023-12-31 · accession 0001683168-25-002782 (PaymentsToAcquirePropertyPlantAndEquipment)
10-K · period ending 2024-12-31 · accession 0001683168-26-004391 (PaymentsToAcquirePropertyPlantAndEquipment)
10-K · period ending 2021-12-31 · accession 0001683168-23-001957 (CashAndCashEquivalentsAtCarryingValue)
10-K/A · period ending 2022-12-31 · accession 0001683168-24-006662 (CashAndCashEquivalentsAtCarryingValue)
10-K · period ending 2023-12-31 · accession 0001683168-25-002782 (CashAndCashEquivalentsAtCarryingValue)
10-K · period ending 2024-12-31 · accession 0001683168-26-004391 (CashAndCashEquivalentsAtCarryingValue)