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Spark I Acquisition Corp

SPKLFdata completeness 50%4 fiscal years on file
i. The business — what you’d actually own
FigureFY 2022FY 2023FY 2024FY 2025
Revenue————
Net income−$1.33M1−$730,9032$3.15M3$293,6003
Operating cash flow−$1.14M4−$1.33M5−$1.87M6−$2.46M6
Capital expenditure————
Free cash flow (derived)————
Total debt————
Cash & equivalents$587,6417$1.4M8$375,4039$112,2959
Diluted shares————

Superscripts are receipts. Each links to the SEC filing the number came from (full list at the bottom). A derived or summed figure cites every filing line it was built from.

iii. Is this a good business?
Moat signal · return on equity
— avg · 4y

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

seeing a moat in the numbers →
Management signal · capital allocation
— shares · 4y

Not enough history to read capital allocation.

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

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Sources — the receipts
  1. 10-K filed 2024-04-03 · period ending 2022-12-31 · accession 0001213900-24-029881 (NetIncomeLoss)
  2. 10-K filed 2025-03-21 · period ending 2023-12-31 · accession 0001410578-25-000411 (NetIncomeLoss)
  3. 10-K filed 2026-03-30 · periods ending 2024-12-31, 2025-12-31 · accession 0001104659-26-036922 (NetIncomeLoss)
  4. 10-K filed 2024-04-03 · period ending 2022-12-31 · accession 0001213900-24-029881 (NetCashProvidedByUsedInOperatingActivities)
  5. 10-K filed 2025-03-21 · period ending 2023-12-31 · accession 0001410578-25-000411 (NetCashProvidedByUsedInOperatingActivities)
  6. 10-K filed 2026-03-30 · periods ending 2024-12-31, 2025-12-31 · accession 0001104659-26-036922 (NetCashProvidedByUsedInOperatingActivities)
  7. 10-K filed 2025-03-21 · period ending 2022-12-31 · accession 0001410578-25-000411 (CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents)
  8. 10-K filed 2025-03-21 · period ending 2023-12-31 · accession 0001410578-25-000411 (CashAndCashEquivalentsAtCarryingValue)
  9. 10-K filed 2026-03-30 · periods ending 2024-12-31, 2025-12-31 · accession 0001104659-26-036922 (CashAndCashEquivalentsAtCarryingValue)