LVPAI GROUP Ltd

LVPAdata completeness 75%7 fiscal years on file

Data notes: no data for concept 'capex'; no data for concept 'totalDebt'; no data for concept 'interestExpense'

i. The business — what you’d actually own
FigureFY 2022FY 2023FY 2024FY 2025FY 2026
Revenue$01$01$02$03$03
Net income−$28,7694−$36,2585−$40,0736−$32,5557−$30,3857
Operating cash flow−$24,4998−$40,1089−$40,05310−$31,53011−$30,01511
Capital expenditure
Free cash flow (derived)
Total debt
Cash & equivalents$012$013$013$013
Diluted shares103,10313.3M100.1M100.1M100.1M

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
−$0.02
your share of equity
Profit it earned you last year
−$0
Free cash flow it threw off
Debt you’d be carrying

10 shares is a claim on −$0.02 of net worth that earned you −$0 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
+96990% shares · 5y

Share count is up 96990% 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 —

Different models answer different questions — which to trust when →

Sources — the receipts
  1. 10-K/A · period ending 2022-01-31 · accession 0001477932-23-009405 (RevenueFromContractWithCustomerExcludingAssessedTax)
  2. 10-K · period ending 2024-01-31 · accession 0001477932-25-003365 (Revenues)
  3. 10-K · period ending 2025-01-31 · accession 0001477932-26-003267 (Revenues)
  4. 10-K/A · period ending 2022-01-31 · accession 0001477932-23-009405 (NetIncomeLoss)
  5. 10-K · period ending 2023-01-31 · accession 0001477932-24-002301 (NetIncomeLoss)
  6. 10-K · period ending 2024-01-31 · accession 0001477932-25-003365 (NetIncomeLoss)
  7. 10-K · period ending 2025-01-31 · accession 0001477932-26-003267 (NetIncomeLoss)
  8. 10-K/A · period ending 2022-01-31 · accession 0001477932-23-009405 (NetCashProvidedByUsedInOperatingActivities)
  9. 10-K · period ending 2023-01-31 · accession 0001477932-24-002301 (NetCashProvidedByUsedInOperatingActivities)
  10. 10-K · period ending 2024-01-31 · accession 0001477932-25-003365 (NetCashProvidedByUsedInOperatingActivities)
  11. 10-K · period ending 2025-01-31 · accession 0001477932-26-003267 (NetCashProvidedByUsedInOperatingActivities)
  12. 10-K · period ending 2023-01-31 · accession 0001477932-25-003365 (CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents)
  13. 10-K · period ending 2024-01-31 · accession 0001477932-26-003267 (CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents)