NEONC TECHNOLOGIES HOLDINGS, INC.
NTHIdata completeness 88%2 fiscal years on fileData 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 2024 | FY 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 shares | 17.3M | 19.4M |
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
- 10-K · period ending 2024-12-31 · accession 0001829126-26-002860 (Revenues)
- 10-K · period ending 2024-12-31 · accession 0001829126-26-002860 (NetIncomeLoss)
- 10-K · period ending 2024-12-31 · accession 0001829126-26-002860 (NetCashProvidedByUsedInOperatingActivities)
- 10-K · period ending 2025-12-31 · accession 0001829126-26-002860 (PaymentsToAcquireProductiveAssets)
- 10-K · period ending 2024-12-31 · accession 0001829126-26-002860 (CashAndCashEquivalentsAtCarryingValue)