Rain Enhancement Technologies Holdco, Inc.

RAINdata completeness 63%3 fiscal years on file

Data notes: no data for concept 'revenue'; no data for concept 'dilutedShares'; no data for concept 'epsDiluted'; no data for concept 'pretaxIncome'

i. The business — what you’d actually own

Figure	FY 2023	FY 2024	FY 2025
Revenue	—	—	—
Net income	−$437,007¹	−$4.53M²	−$9.09M²
Operating cash flow	−$238,113³	−$1.32M⁴	−$1.95M⁴
Capital expenditure	$264,154⁵	$45,828⁶	$987,805⁶
Free cash flow (derived)	−$502,267³	−$1.37M⁴	−$2.94M⁴
Total debt	—	$839,000⁷	—
Cash & equivalents	$37,345⁸	$32,604⁸	$213,688⁹
Diluted shares	—	—	—

Superscripts are receipts. Each links to the SEC filing the number came from (full list at the bottom).

iii. Is this a good business?

Moat signal · return on equity

— avg · 3y

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

Management signal · capital allocation

— shares · 3y

Total debt has held roughly steady.

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