NEONC TECHNOLOGIES HOLDINGS, INC.

NTHIdata completeness 88%2 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
FigureFY 2024FY 2025
Revenue$83,0001$39,9901
Net income−$11.9M2−$62.1M2
Operating cash flow−$4.21M3−$20.4M3
Capital expenditure$500,0004
Free cash flow (derived)−$20.9M3
Total debt
Cash & equivalents$64,8935$58,7295
Diluted shares17.3M19.4M

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
−$9.03
your share of equity
Profit it earned you last year
−$32.04
Free cash flow it threw off
−$10.76
Debt you’d be carrying

10 shares is a claim on −$9.03 of net worth that earned you −$32.04 and generated −$10.76 of cash last year.

iii. Is this a good business?
Moat signal · return on equity
avg · 2y

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

seeing a moat in the numbers →
Management signal · capital allocation
+12% shares · 2y

Share count is up 12% over 2 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 — engine v0.1.0
DCF · Growth Exit 10Y
not applicable
only 1 years of FCF (need ≥3) — model not applicable
DCF · Growth Exit 5Y
not applicable
only 1 years of FCF (need ≥3) — model not applicable
Earnings Power Value
not applicable
only 2 years of net income (need ≥3)
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 2024-12-31 · accession 0001829126-26-002860 (Revenues)
  2. 10-K · period ending 2024-12-31 · accession 0001829126-26-002860 (NetIncomeLoss)
  3. 10-K · period ending 2024-12-31 · accession 0001829126-26-002860 (NetCashProvidedByUsedInOperatingActivities)
  4. 10-K · period ending 2025-12-31 · accession 0001829126-26-002860 (PaymentsToAcquireProductiveAssets)
  5. 10-K · period ending 2024-12-31 · accession 0001829126-26-002860 (CashAndCashEquivalentsAtCarryingValue)