Royale Energy, Inc.
ROYLdata completeness 88%9 fiscal years on fileData notes: no data for concept 'totalDebt'
i. The business — what you’d actually own
| Figure | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|
| Revenue | $1.72M1 | $2.64M2 | $2.16M3 | $2.26M4 | $1.95M4 |
| Net income | −$3.6M5 | −$145,5946 | −$1.83M7 | −$2.16M8 | −$1.25M8 |
| Operating cash flow | −$1.62M9 | −$2.81M10 | −$769,91911 | −$2.36M12 | −$2.7M12 |
| Capital expenditure | — | — | — | $013 | $1.5M13 |
| Free cash flow (derived) | — | — | — | −$2.36M12 | −$4.2M12 |
| Total debt | — | — | — | — | — |
| Cash & equivalents | $220,30414 | $1.65M15 | $2.2M16 | $1.88M17 | $1.1M17 |
| Diluted shares | 55.9M | 58.5M | 65.8M | 77.3M | 96.6M |
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
−$1.39
your share of equity
Profit it earned you last year
−$0.13
Free cash flow it threw off
−$0.43
Debt you’d be carrying
—
10 shares is a claim on −$1.39 of net worth that earned you −$0.13 and generated −$0.43 of cash 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
+73% shares · 5y
Share count is up 73% 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 2 years of FCF (need ≥3) — model not applicable
DCF · Growth Exit 5Y
not applicable
only 2 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
- 10-K · period ending 2021-12-31 · accession 0001185185-23-000564 (Revenues)
- 10-K · period ending 2022-12-31 · accession 0001185185-24-000374 (Revenues)
- 10-K · period ending 2023-12-31 · accession 0001185185-25-000271 (Revenues)
- 10-K · period ending 2024-12-31 · accession 0001185185-26-002897 (Revenues)
- 10-K · period ending 2021-12-31 · accession 0001185185-23-000564 (NetIncomeLoss)
- 10-K · period ending 2022-12-31 · accession 0001185185-24-000374 (NetIncomeLoss)
- 10-K · period ending 2023-12-31 · accession 0001185185-25-000271 (NetIncomeLoss)
- 10-K · period ending 2024-12-31 · accession 0001185185-26-002897 (NetIncomeLoss)
- 10-K · period ending 2021-12-31 · accession 0001185185-23-000564 (NetCashProvidedByUsedInOperatingActivities)
- 10-K · period ending 2022-12-31 · accession 0001185185-24-000374 (NetCashProvidedByUsedInOperatingActivities)
- 10-K · period ending 2023-12-31 · accession 0001185185-25-000271 (NetCashProvidedByUsedInOperatingActivities)
- 10-K · period ending 2024-12-31 · accession 0001185185-26-002897 (NetCashProvidedByUsedInOperatingActivities)
- 10-K · period ending 2024-12-31 · accession 0001185185-26-002897 (PaymentsToAcquirePropertyPlantAndEquipment)
- 10-K · period ending 2021-12-31 · accession 0001185185-23-000564 (CashAndCashEquivalentsAtCarryingValue)
- 10-K · period ending 2022-12-31 · accession 0001185185-24-000374 (CashAndCashEquivalentsAtCarryingValue)
- 10-K · period ending 2023-12-31 · accession 0001185185-25-000271 (CashAndCashEquivalentsAtCarryingValue)
- 10-K · period ending 2024-12-31 · accession 0001185185-26-002897 (CashAndCashEquivalentsAtCarryingValue)