Jingbo Technology, Inc.

SVMBdata completeness 100%13 fiscal years on file
i. The business — what you’d actually own
FigureFY 2023FY 2023FY 2024FY 2025FY 2026
Revenue$3.43M1$3.72M2$1.58M3$2.14M4$1.54M4
Net income−$6.77M5−$6.4M6−$5.3M7−$5.99M8−$6.67M8
Operating cash flow−$3.1M9$102,13010−$1.83M11−$1.33M12−$2.14M12
Capital expenditure$154,67113$133,68513
Free cash flow (derived)−$1.48M12−$2.27M12
Total debt$31.1M14$32.7M15$4.31M16$22.9M17$25.7M17
Cash & equivalents$321,28918$483,70519$142,43420$105,26521$84,08721
Diluted shares1.1M467.4M5.3M128.9M555.3M

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
−$0.56
your share of equity
Profit it earned you last year
−$0.12
Free cash flow it threw off
−$0.04
Debt you’d be carrying
$0.46

10 shares is a claim on −$0.56 of net worth that earned you −$0.12 and generated −$0.04 of cash last year, against $0.46 of debt.

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
+52530% shares · 5y

Share count is up 52530% over 5 years — owners have been diluted. Worth asking what they got for it. Total debt has fallen 17% — deleveraging.

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
  1. 10-K/A · period ending 2023-02-28 · accession 0001641172-25-008877 (RevenueFromContractWithCustomerExcludingAssessedTax)
  2. 10-K · period ending 2023-05-31 · accession 0001493152-23-034950 (RevenueFromContractWithCustomerExcludingAssessedTax)
  3. 10-K · period ending 2024-02-29 · accession 0001641172-25-014855 (RevenueFromContractWithCustomerExcludingAssessedTax)
  4. 10-K · period ending 2025-02-28 · accession 0001493152-26-033861 (RevenueFromContractWithCustomerExcludingAssessedTax)
  5. 10-K/A · period ending 2023-02-28 · accession 0001641172-25-008877 (NetIncomeLoss)
  6. 10-K · period ending 2023-05-31 · accession 0001493152-23-034950 (NetIncomeLoss)
  7. 10-K · period ending 2024-02-29 · accession 0001641172-25-014855 (NetIncomeLoss)
  8. 10-K · period ending 2025-02-28 · accession 0001493152-26-033861 (NetIncomeLoss)
  9. 10-K/A · period ending 2023-02-28 · accession 0001641172-25-008877 (NetCashProvidedByUsedInOperatingActivities)
  10. 10-K · period ending 2023-05-31 · accession 0001493152-23-034950 (NetCashProvidedByUsedInOperatingActivities)
  11. 10-K · period ending 2024-02-29 · accession 0001641172-25-014855 (NetCashProvidedByUsedInOperatingActivities)
  12. 10-K · period ending 2025-02-28 · accession 0001493152-26-033861 (NetCashProvidedByUsedInOperatingActivities)
  13. 10-K · period ending 2025-02-28 · accession 0001493152-26-033861 (PaymentsToAcquirePropertyPlantAndEquipment)
  14. 10-K/A · period ending 2023-02-28 · accession 0001641172-25-008877 (LongTermDebt)
  15. 10-K · period ending 2023-05-31 · accession 0001493152-23-034950 (LongTermDebt)
  16. 10-K · period ending 2024-02-29 · accession 0001641172-25-014855 (LongTermDebt)
  17. 10-K · period ending 2025-02-28 · accession 0001493152-26-033861 (LongTermDebt)
  18. 10-K/A · period ending 2023-02-28 · accession 0001641172-25-008877 (CashAndCashEquivalentsAtCarryingValue)
  19. 10-K · period ending 2023-05-31 · accession 0001493152-23-034950 (CashAndCashEquivalentsAtCarryingValue)
  20. 10-K · period ending 2024-02-29 · accession 0001641172-25-014855 (CashAndCashEquivalentsAtCarryingValue)
  21. 10-K · period ending 2025-02-28 · accession 0001493152-26-033861 (CashAndCashEquivalentsAtCarryingValue)