Superstar Platforms Inc.
SPSTdata completeness 75%3 fiscal years on fileData notes: no data for concept 'capex'; no data for concept 'totalDebt'; no data for concept 'interestExpense'; no data for concept 'incomeTaxExpense'
i. The business — what you’d actually own
| Figure | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|
| Revenue | — | — | $01 |
| Net income | −$123,6602 | −$164,0142 | −$335,3662 |
| Operating cash flow | — | $273,6593 | −$95,7263 |
| Capital expenditure | — | — | — |
| Free cash flow (derived) | — | — | — |
| Total debt | — | — | — |
| Cash & equivalents | $64 | $544 | $1,1384 |
| Diluted shares | — | 171.7M | 182.3M |
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
−$0.07
your share of equity
Profit it earned you last year
−$0.02
Free cash flow it threw off
—
Debt you’d be carrying
—
10 shares is a claim on −$0.07 of net worth that earned you −$0.02 last year.
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.
seeing a moat in the numbers →Management signal · capital allocation
+6% shares · 3y
Share count is up 6% over 3 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 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
book value / share count missing or non-positive — Graham Number undefined
Different models answer different questions — which to trust when →
Sources — the receipts
- 10-K/A · period ending 2025-12-31 · accession 0001493152-26-021683 (Revenues)
- 10-K/A · period ending 2023-12-31 · accession 0001493152-26-021683 (NetIncomeLoss)
- 10-K/A · period ending 2024-12-31 · accession 0001493152-26-021683 (NetCashProvidedByUsedInOperatingActivities)
- 10-K/A · period ending 2023-12-31 · accession 0001493152-26-021683 (CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents)