MeritValue

Rainmaker Worldwide Inc.

RAKRdata completeness 75%5 fiscal years on file

Data notes: no data for concept 'capex'; no data for concept 'totalDebt'; no data for concept 'investmentsAtFairValue'; no data for concept 'netInvestmentIncome'; no data for concept 'depreciationAmortization'; no data for concept 'gainsOnRealEstateSales'; no data for concept 'realEstateImpairment'; no data for concept 'dividendsPaid'; no data for concept 'incomeTaxExpense'

i. The business — what you’d actually own
FigureFY 2020FY 2021FY 2022FY 2023FY 2024
Revenue———$78,9121$143,7251
Net income−$22.6M2−$2.73M3−$1.84M4−$1.23M5−$1.06M5
Operating cash flow−$3.93M6−$190,0277−$349,2678−$139,7629−$49,8909
Capital expenditure—————
Free cash flow (derived)—————
Total debt—————
Cash & equivalents$192,57810$4,33711$7,13012$13112$013
Diluted shares139.6M145.6M148.7M13.1M20.0M

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
−$5.97
your share of equity
Profit it earned you last year
−$0.53
Free cash flow it threw off
—
Debt you’d be carrying
—

10 shares is a claim on −$5.97 of net worth that earned you −$0.53 last year.

iii. Is this a good business?
Moat signal · return on equity
— avg · 5y

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

seeing a moat in the numbers →
Management signal · capital allocation
−86% shares · 5y

Share count is down 86% 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 v0.5.0
DCF · Growth Exit 10Y
not applicable
only 0 years of FCF (need ≥3) — model not applicable
DCF · Growth Exit 5Y
not applicable
only 0 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 2023-12-31 · accession 0001641172-25-001425 (RevenueFromContractWithCustomerExcludingAssessedTax)
  2. 10-K · period ending 2020-12-31 · accession 0001493152-22-008305 (NetIncomeLoss)
  3. 10-K · period ending 2021-12-31 · accession 0001493152-23-012893 (NetIncomeLoss)
  4. 10-K · period ending 2022-12-31 · accession 0001493152-24-012253 (NetIncomeLoss)
  5. 10-K · period ending 2023-12-31 · accession 0001641172-25-001425 (NetIncomeLoss)
  6. 10-K · period ending 2020-12-31 · accession 0001493152-22-008305 (NetCashProvidedByUsedInOperatingActivities)
  7. 10-K · period ending 2021-12-31 · accession 0001493152-23-012893 (NetCashProvidedByUsedInOperatingActivities)
  8. 10-K · period ending 2022-12-31 · accession 0001493152-24-012253 (NetCashProvidedByUsedInOperatingActivities)
  9. 10-K · period ending 2023-12-31 · accession 0001641172-25-001425 (NetCashProvidedByUsedInOperatingActivities)
  10. 10-K · period ending 2020-12-31 · accession 0001493152-22-008305 (CashAndCashEquivalentsAtCarryingValue)
  11. 10-K · period ending 2021-12-31 · accession 0001493152-23-012893 (CashAndCashEquivalentsAtCarryingValue)
  12. 10-K · period ending 2022-12-31 · accession 0001493152-24-012253 (CashAndCashEquivalentsAtCarryingValue)
  13. 10-K · period ending 2024-12-31 · accession 0001641172-25-001425 (CashAndCashEquivalentsAtCarryingValue)