MeritValue

Totaligent, Inc.

TGNTdata completeness 75%13 fiscal years on file

Data notes: no data for concept 'totalDebt'; no data for concept 'investmentsAtFairValue'; no data for concept 'netInvestmentIncome'; no data for concept 'gainsOnRealEstateSales'; no data for concept 'realEstateImpairment'; no data for concept 'dividendsPaid'

i. The business — what you’d actually own
FigureFY 2016FY 2022FY 2023FY 2024FY 2025
Revenue—$19,5001$731,6792$444,5293$2,2483
Net income−$516,1764−$592,0775−$402,1706−$947,2367−$600,0467
Operating cash flow−$96,3268−$175,4559−$29,47610−$212,49511−$265,04111
Capital expenditure—$24,06212$012——
Free cash flow (derived)—−$199,5179−$29,47610——
Total debt—————
Cash & equivalents$15,64613$14,00114$167,73515$22,12815$4,68915
Diluted shares10.7M94.8M141.2M211.1M211.2M

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
−$0.1
your share of equity
Profit it earned you last year
−$0.03
Free cash flow it threw off
—
Debt you’d be carrying
—

10 shares is a claim on −$0.1 of net worth that earned you −$0.03 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
+1865% shares · 5y

Share count is up 1865% over 5 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 v0.5.0
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 · period ending 2022-12-31 · accession 0001477932-24-006707 (Revenues)
  2. 10-K/A · period ending 2023-12-31 · accession 0001477932-25-002538 (Revenues)
  3. 10-K · period ending 2024-12-31 · accession 0001477932-26-001994 (Revenues)
  4. 10-K · period ending 2016-12-31 · accession 0001213900-17-002906 (NetIncomeLoss)
  5. 10-K · period ending 2022-12-31 · accession 0001477932-24-006707 (NetIncomeLoss)
  6. 10-K/A · period ending 2023-12-31 · accession 0001477932-25-002538 (NetIncomeLoss)
  7. 10-K · period ending 2024-12-31 · accession 0001477932-26-001994 (NetIncomeLoss)
  8. 10-K · period ending 2016-12-31 · accession 0001213900-17-002906 (NetCashProvidedByUsedInOperatingActivities)
  9. 10-K · period ending 2022-12-31 · accession 0001477932-24-006707 (NetCashProvidedByUsedInOperatingActivities)
  10. 10-K/A · period ending 2023-12-31 · accession 0001477932-25-002538 (NetCashProvidedByUsedInOperatingActivities)
  11. 10-K · period ending 2024-12-31 · accession 0001477932-26-001994 (NetCashProvidedByUsedInOperatingActivities)
  12. 10-K · period ending 2022-12-31 · accession 0001477932-24-006707 (PaymentsToAcquirePropertyPlantAndEquipment)
  13. 10-K · period ending 2016-12-31 · accession 0001213900-17-002906 (CashAndCashEquivalentsAtCarryingValue)
  14. 10-K/A · period ending 2022-12-31 · accession 0001477932-25-002538 (CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents)
  15. 10-K · period ending 2023-12-31 · accession 0001477932-26-001994 (CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents)