MeritValue

REGO PAYMENT ARCHITECTURES, INC.

RPMTdata completeness 75%17 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 'realEstateImpairment'; no data for concept 'dividendsPaid'; no data for concept 'incomeTaxExpense'; no data for concept 'pretaxIncome'

i. The business — what you’d actually own
FigureFY 2021FY 2022FY 2023FY 2024FY 2025
Revenue$2,6281$2,0732——$2,2503
Net income−$11.1M4−$16.3M5−$16.7M6−$8.93M7−$9.59M7
Operating cash flow−$5.05M8−$6.26M9−$7.2M10−$6.97M11−$6.15M11
Capital expenditure—————
Free cash flow (derived)—————
Total debt—————
Cash & equivalents$553,13112$6.01M13$6.26M14$3.01M15$158,68715
Diluted shares122.8M123.6M131.6M136.0M136.3M

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
−$3.51
your share of equity
Profit it earned you last year
−$0.7
Free cash flow it threw off
—
Debt you’d be carrying
—

10 shares is a claim on −$3.51 of net worth that earned you −$0.7 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
+11% shares · 5y

Share count is up 11% 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 v0.5.0
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 2021-12-31 · accession 0001214659-23-004597 (Revenues)
  2. 10-K · period ending 2022-12-31 · accession 0001214659-24-005793 (Revenues)
  3. 10-K · period ending 2025-12-31 · accession 0001214659-26-004112 (Revenues)
  4. 10-K · period ending 2021-12-31 · accession 0001214659-23-004597 (ProfitLoss)
  5. 10-K · period ending 2022-12-31 · accession 0001214659-24-005793 (ProfitLoss)
  6. 10-K · period ending 2023-12-31 · accession 0001214659-25-005083 (NetIncomeLoss)
  7. 10-K · period ending 2024-12-31 · accession 0001214659-26-004112 (NetIncomeLoss)
  8. 10-K · period ending 2021-12-31 · accession 0001214659-23-004597 (NetCashProvidedByUsedInOperatingActivities)
  9. 10-K · period ending 2022-12-31 · accession 0001214659-24-005793 (NetCashProvidedByUsedInOperatingActivities)
  10. 10-K · period ending 2023-12-31 · accession 0001214659-25-005083 (NetCashProvidedByUsedInOperatingActivities)
  11. 10-K · period ending 2024-12-31 · accession 0001214659-26-004112 (NetCashProvidedByUsedInOperatingActivities)
  12. 10-K · period ending 2021-12-31 · accession 0001214659-22-004581 (CashAndCashEquivalentsAtCarryingValue)
  13. 10-K · period ending 2022-12-31 · accession 0001214659-24-005793 (CashAndCashEquivalentsAtCarryingValue)
  14. 10-K · period ending 2023-12-31 · accession 0001214659-25-005083 (CashAndCashEquivalentsAtCarryingValue)
  15. 10-K · period ending 2024-12-31 · accession 0001214659-26-004112 (CashAndCashEquivalentsAtCarryingValue)