MeritValue

Firsthand Technology Value Fund, Inc.

SVVCdata completeness 38%6 fiscal years on file
i. The business — what you’d actually own
FigureFY 2021FY 2022FY 2023FY 2024FY 2025
Revenue—————
Net income−$7.39M1−$64.1M2−$29.3M3−$199,6923−$1.3M3
Operating cash flow−$7294$3,4045−$6396−$2536−$2,5126
Capital expenditure—————
Free cash flow (derived)—————
Total debt—————
Cash & equivalents—$3,4047———
Diluted shares6.9M6.9M6.9M6.9M6.9M

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.

ii. Your slice — ownership made literal
If you owned
shares
Net assets behind them
—
your share of equity
Profit it earned you last year
−$1.88
Free cash flow it threw off
—
Debt you’d be carrying
—

10 shares of this business that earned you −$1.88 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
−0% shares · 5y

Share count is roughly flat over 5 years — little dilution, little buyback.

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 v0.6.0
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
business development company / RIC — reported earnings are dominated by unrealised marks on private holdings, and a RIC must distribute ~90% of income so it cannot retain earnings to compound. Capitalising them would be meaningless, not merely imprecise. Price/NAV is the applicable lens.
Graham Number
not applicable
business development company / RIC — reported earnings are dominated by unrealised marks on private holdings, and a RIC must distribute ~90% of income so it cannot retain earnings to compound. Capitalising them would be meaningless, not merely imprecise. Price/NAV is the applicable lens.

Different models answer different questions — which to trust when →

Beyond this page

This page is free, and so is every other company on MeritValue.

In your AI assistant

Connect the MeritValue MCP server to Claude or another MCP client, ask about Firsthand Technology Value Fund, Inc., and get these exact figures with their filing receipts — not an improvised DCF.

Get a free key →
Screen by model

Pull the companies with a published value under any model (up to 500 a request, filtered by data completeness) into your own sheet or agent. Screening is what Analyst adds, at $9/month.

See pricing →
On iPhone

Follow SVVC and keep your own price beside the value. The same engine, with the same receipts.

MeritValue on the App Store →
Sources — the receipts
  1. 10-K/A filed 2024-04-12 · period ending 2021-12-31 · accession 0001437749-24-011886 (NetIncomeLoss)
  2. 10-K filed 2025-03-26 · period ending 2022-12-31 · accession 0001437749-25-009337 (NetIncomeLoss)
  3. 10-K filed 2026-03-30 · periods ending 2023-12-31, 2024-12-31, 2025-12-31 · accession 0001437749-26-010331 (NetIncomeLoss)
  4. 10-K/A filed 2024-04-12 · period ending 2021-12-31 · accession 0001437749-24-011886 (NetCashProvidedByUsedInOperatingActivities)
  5. 10-K filed 2025-03-26 · period ending 2022-12-31 · accession 0001437749-25-009337 (NetCashProvidedByUsedInOperatingActivities)
  6. 10-K filed 2026-03-30 · periods ending 2023-12-31, 2024-12-31, 2025-12-31 · accession 0001437749-26-010331 (NetCashProvidedByUsedInOperatingActivities)
  7. 10-K/A filed 2023-04-05 · period ending 2022-12-31 · accession 0001398344-23-007141 (CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents)