STRATEGIC ACQUISITIONS INC /NV/ earns about -319% on invested capital, but has diluted owners by 165% over 5 years — worth asking whether the growth reaches owners. The cash-flow models don't apply cleanly here — the ledger says why below. Whether it’s worth owning at today’s price is the last question — and yours to answer, below.
| Figure | FY 2020 | FY 2021 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|
| Revenue | — | — | $58,9381 | $43,6712 | — |
| Net income | −$46,5403 | −$22,0933 | −$162,2604 | −$123,7165 | −$40,2235 |
| Operating cash flow | −$45,0856 | −$19,7986 | −$175,0587 | −$110,1248 | −$30,4738 |
| Capital expenditure | — | — | — | — | — |
| Free cash flow (derived) | — | — | — | — | — |
| Total debt | — | — | $1.39M9 | — | — |
| Cash & equivalents | — | — | — | — | — |
| Diluted shares | 2.5M | 2.7M | 6.7M | 6.7M | 6.7M |
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.
10 shares is a claim on $0 of net worth that earned you −$0.06 last year.
It earned an average -319% on invested capital over 5 years. Compare that to what it costs to fund the business.
seeing a moat in the numbers →Share count is up 165% over 5 years — owners have been diluted. Worth asking what they got for it. Total debt has held roughly steady.
reading capital allocation →Signals, not verdicts — read from the filings above. Numbers don’t prove a moat; they show its footprint. You decide.
Different models answer different questions — which to trust when →
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MeritValue on the App Store →- 10-K filed 2025-02-05 · period ending 2023-12-31 · accession 0001493152-25-005023 (RevenueFromContractWithCustomerExcludingAssessedTax)
- 10-K/A filed 2026-04-30 · period ending 2024-12-31 · accession 0001493152-26-020105 (RevenueFromContractWithCustomerExcludingAssessedTax)
- 10-K filed 2022-04-15 · periods ending 2020-12-31, 2021-12-31 · accession 0001493152-22-010058 (NetIncomeLoss)
- 10-K filed 2025-02-05 · period ending 2023-12-31 · accession 0001493152-25-005023 (NetIncomeLoss)
- 10-K/A filed 2026-04-30 · periods ending 2024-12-31, 2025-12-31 · accession 0001493152-26-020105 (NetIncomeLoss)
- 10-K filed 2022-04-15 · periods ending 2020-12-31, 2021-12-31 · accession 0001493152-22-010058 (NetCashProvidedByUsedInOperatingActivities)
- 10-K filed 2025-02-05 · period ending 2023-12-31 · accession 0001493152-25-005023 (NetCashProvidedByUsedInOperatingActivities)
- 10-K/A filed 2026-04-30 · periods ending 2024-12-31, 2025-12-31 · accession 0001493152-26-020105 (NetCashProvidedByUsedInOperatingActivities)
- 10-K filed 2024-03-26 · period ending 2023-12-31 · accession 0001493152-24-011312 (LongTermDebt)