MeritValue

OLB GROUP, INC.

OLBdata completeness 75%16 fiscal years on file

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

The thesis, from the filings

OLB GROUP, INC. earns about -136% on invested capital, and has bought back 51% 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$304,0041$30.4M2$30.6M3$12.8M4$8.68M4
Net income−$4.98M5−$7.79M6−$23.2M7−$11.2M7−$5.87M8
Operating cash flow−$3.51M9−$1.92M10$2.05M11−$2.6M12−$1.33M12
Capital expenditure$9.6M13$1.56M14$1.23M15——
Free cash flow (derived)−$13.1M9−$3.48M10$821,77411——
Total debt—————
Cash & equivalents$3.47M16$434,02617$179,00618$27,43618$15,77719
Diluted shares7.9M14.7M1.5M1.9M3.8M

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
$11.99
your share of equity
Profit it earned you last year
−$15.29
Free cash flow it threw off
—
Debt you’d be carrying
—

10 shares is a claim on $11.99 of net worth that earned you −$15.29 last year.

iii. Is this a good business?
Moat signal · return on invested capital
-136% avg · 5y
FY21 —FY22 -18%FY23 -152%FY24 -279%FY25 -94%

It earned an average -136% on invested capital over 5 years. Compare that to what it costs to fund the business.

seeing a moat in the numbers →
Management signal · capital allocation
−51% shares · 5y

Share count is down 51% 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 0001213900-23-024330 (RevenueFromContractWithCustomerIncludingAssessedTax)
  2. 10-K · period ending 2022-12-31 · accession 0001213900-24-032767 (RevenueFromContractWithCustomerIncludingAssessedTax)
  3. 10-K · period ending 2023-12-31 · accession 0001213900-25-032064 (RevenueFromContractWithCustomerIncludingAssessedTax)
  4. 10-K · period ending 2024-12-31 · accession 0001213900-26-037906 (RevenueFromContractWithCustomerIncludingAssessedTax)
  5. 10-K · period ending 2021-12-31 · accession 0001213900-23-024330 (NetIncomeLoss)
  6. 10-K · period ending 2022-12-31 · accession 0001213900-24-032767 (NetIncomeLoss)
  7. 10-K · period ending 2023-12-31 · accession 0001213900-25-032064 (NetIncomeLoss)
  8. 10-K · period ending 2025-12-31 · accession 0001213900-26-037906 (ProfitLoss)
  9. 10-K · period ending 2021-12-31 · accession 0001213900-23-024330 (NetCashProvidedByUsedInOperatingActivities)
  10. 10-K · period ending 2022-12-31 · accession 0001213900-24-032767 (NetCashProvidedByUsedInOperatingActivities)
  11. 10-K · period ending 2023-12-31 · accession 0001213900-25-032064 (NetCashProvidedByUsedInOperatingActivities)
  12. 10-K · period ending 2024-12-31 · accession 0001213900-26-037906 (NetCashProvidedByUsedInOperatingActivities)
  13. 10-K · period ending 2021-12-31 · accession 0001213900-23-024330 (PaymentsToAcquirePropertyPlantAndEquipment)
  14. 10-K · period ending 2022-12-31 · accession 0001213900-24-032767 (PaymentsToAcquirePropertyPlantAndEquipment)
  15. 10-K · period ending 2023-12-31 · accession 0001213900-25-032064 (PaymentsToAcquirePropertyPlantAndEquipment)
  16. 10-K · period ending 2021-12-31 · accession 0001213900-23-024330 (CashAndCashEquivalentsAtCarryingValue)
  17. 10-K · period ending 2022-12-31 · accession 0001213900-24-032767 (CashAndCashEquivalentsAtCarryingValue)
  18. 10-K · period ending 2023-12-31 · accession 0001213900-25-032064 (CashAndCashEquivalentsAtCarryingValue)
  19. 10-K · period ending 2025-12-31 · accession 0001213900-26-037906 (CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents)