MeritValue

KwikClick, Inc.

KWIKdata completeness 75%5 fiscal years on file

Data notes: no data for concept 'totalDebt'

The thesis, from the filings

KwikClick, Inc. earns about -927% on equity, and has bought back 97% of its shares over 5 years. 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 2021FY 2022FY 2023FY 2024FY 2025
Revenue$102,3111$606,8352$288,2293$157,3714$1.29M4
Net income−$2.37M5−$3.95M6−$3.9M7−$1.96M8−$1.32M8
Operating cash flow−$1.03M9−$2.58M10−$2.34M11−$1.23M12−$202,10212
Capital expenditure$2,68013$6,65614$014——
Free cash flow (derived)−$1.03M9−$2.58M10−$2.34M11——
Total debt—————
Cash & equivalents$609,86215$30,58316$64,18617$192,99618$106,46818
Diluted shares115.9M128.8M150.7M3.8M3.9M

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
−$8.25
your share of equity
Profit it earned you last year
−$3.38
Free cash flow it threw off
—
Debt you’d be carrying
—

10 shares is a claim on −$8.25 of net worth that earned you −$3.38 last year.

iii. Is this a good business?
Moat signal · return on equity
-927% avg · 5y
FY21 —FY22 -927%FY23 —FY24 —FY25 —

It earned an average -927% 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
−97% shares · 5y

Share count is down 97% 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
  1. 10-K · period ending 2021-12-31 · accession 0001096906-22-000873 (RevenueFromContractWithCustomerExcludingAssessedTax)
  2. 10-K · period ending 2022-12-31 · accession 0001683168-24-002394 (Revenues)
  3. 10-K · period ending 2023-12-31 · accession 0001683168-25-002055 (Revenues)
  4. 10-K · period ending 2024-12-31 · accession 0001683168-26-002512 (Revenues)
  5. 10-K · period ending 2021-12-31 · accession 0001096906-23-000835 (NetIncomeLoss)
  6. 10-K · period ending 2022-12-31 · accession 0001683168-24-002394 (NetIncomeLoss)
  7. 10-K · period ending 2023-12-31 · accession 0001683168-25-002055 (NetIncomeLoss)
  8. 10-K · period ending 2024-12-31 · accession 0001683168-26-002512 (NetIncomeLoss)
  9. 10-K · period ending 2021-12-31 · accession 0001096906-23-000835 (NetCashProvidedByUsedInOperatingActivities)
  10. 10-K · period ending 2022-12-31 · accession 0001683168-24-002394 (NetCashProvidedByUsedInOperatingActivities)
  11. 10-K · period ending 2023-12-31 · accession 0001683168-25-002055 (NetCashProvidedByUsedInOperatingActivities)
  12. 10-K · period ending 2024-12-31 · accession 0001683168-26-002512 (NetCashProvidedByUsedInOperatingActivities)
  13. 10-K · period ending 2021-12-31 · accession 0001096906-23-000835 (PaymentsToAcquirePropertyPlantAndEquipment)
  14. 10-K · period ending 2022-12-31 · accession 0001683168-24-002394 (PaymentsToAcquirePropertyPlantAndEquipment)
  15. 10-K · period ending 2021-12-31 · accession 0001096906-23-000835 (CashAndCashEquivalentsAtCarryingValue)
  16. 10-K · period ending 2022-12-31 · accession 0001683168-24-002394 (CashAndCashEquivalentsAtCarryingValue)
  17. 10-K · period ending 2023-12-31 · accession 0001683168-25-002055 (CashAndCashEquivalentsAtCarryingValue)
  18. 10-K · period ending 2024-12-31 · accession 0001683168-26-002512 (CashAndCashEquivalentsAtCarryingValue)