MeritValue

OneMeta Inc.

ONEIdata completeness 88%8 fiscal years on file

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

The thesis, from the filings

OneMeta Inc. earns about -5220% on equity, but has diluted owners by 21% over 5 years — worth asking whether the growth reaches owners. 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 2013FY 2022FY 2023FY 2024FY 2025
Revenue—$1,2951$70,9032$31,3043$1.51M3
Net income−$907,7574−$1.34M5−$6.15M6−$4.6M7−$3.84M7
Operating cash flow−$415,8128−$722,1459−$2.38M10−$2.61M11−$3.04M11
Capital expenditure————$1,95112
Free cash flow (derived)————−$3.04M11
Total debt—————
Cash & equivalents$87013$400,70314$1.13M15$215,81615$4,58415
Diluted shares31.9M22.2M28.5M33.9M38.6M

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
−$1.12
your share of equity
Profit it earned you last year
−$0.99
Free cash flow it threw off
−$0.79
Debt you’d be carrying
—

10 shares is a claim on −$1.12 of net worth that earned you −$0.99 and generated −$0.79 of cash last year.

iii. Is this a good business?
Moat signal · return on equity
-5220% avg · 5y
FY13 —FY22 —FY23 -5220%FY24 —FY25 —

It earned an average -5220% 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
+21% shares · 5y

Share count is up 21% 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 — 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
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 2022-12-31 · accession 0001493152-24-012247 (RevenueFromContractWithCustomerExcludingAssessedTax)
  2. 10-K · period ending 2023-12-31 · accession 0001493152-25-009285 (RevenueFromContractWithCustomerExcludingAssessedTax)
  3. 10-K/A · period ending 2024-12-31 · accession 0001493152-26-020948 (RevenueFromContractWithCustomerExcludingAssessedTax)
  4. 10-K · period ending 2013-12-31 · accession 0001393905-14-000203 (NetIncomeLoss)
  5. 10-K · period ending 2022-12-31 · accession 0001493152-24-012247 (NetIncomeLoss)
  6. 10-K · period ending 2023-12-31 · accession 0001493152-25-009285 (NetIncomeLoss)
  7. 10-K/A · period ending 2024-12-31 · accession 0001493152-26-020948 (NetIncomeLoss)
  8. 10-K · period ending 2013-12-31 · accession 0001393905-14-000203 (NetCashProvidedByUsedInOperatingActivities)
  9. 10-K · period ending 2022-12-31 · accession 0001493152-24-012247 (NetCashProvidedByUsedInOperatingActivities)
  10. 10-K · period ending 2023-12-31 · accession 0001493152-25-009285 (NetCashProvidedByUsedInOperatingActivities)
  11. 10-K/A · period ending 2024-12-31 · accession 0001493152-26-020948 (NetCashProvidedByUsedInOperatingActivities)
  12. 10-K/A · period ending 2025-12-31 · accession 0001493152-26-020948 (PaymentsToAcquirePropertyPlantAndEquipment)
  13. 10-K · period ending 2013-12-31 · accession 0001393905-14-000203 (CashAndCashEquivalentsAtCarryingValue)
  14. 10-K · period ending 2022-12-31 · accession 0001493152-25-009285 (CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents)
  15. 10-K/A · period ending 2023-12-31 · accession 0001493152-26-020948 (CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents)