Trutankless, Inc.
TKLSdata completeness 88%16 fiscal years on fileData notes: no data for concept 'totalDebt'
i. The business — what you’d actually own
| Figure | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|
| Revenue | $246,0321 | $73,0082 | $3,5493 | $242,3504 | $1.08M4 |
| Net income | −$17.4M5 | −$4.78M6 | −$2.15M7 | −$10.2M8 | −$4.75M8 |
| Operating cash flow | −$2.43M9 | −$1.71M10 | −$1.99M11 | −$2.32M12 | −$1.48M12 |
| Capital expenditure | $25,29813 | $013 | $014 | $191,91715 | $297,69115 |
| Free cash flow (derived) | −$2.46M9 | −$1.71M10 | −$1.99M11 | −$2.51M12 | −$1.78M12 |
| Total debt | — | — | — | — | — |
| Cash & equivalents | $20,83116 | $79,51716 | $21,45217 | $1M17 | $21,61917 |
| Diluted shares | 20.2M | 20.4M | 28.4M | 88.7M | 132.2M |
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
−$0.75
your share of equity
Profit it earned you last year
−$0.36
Free cash flow it threw off
−$0.13
Debt you’d be carrying
—
10 shares is a claim on −$0.75 of net worth that earned you −$0.36 and generated −$0.13 of cash 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
+554% shares · 5y
Share count is up 554% 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 v0.1.0
DCF · Growth Exit 10Y
not applicable
3y-median FCF non-positive — growth-exit DCF not applicable (see EPV)
DCF · Growth Exit 5Y
not applicable
3y-median FCF non-positive — growth-exit DCF not applicable (see EPV)
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
- 10-K · period ending 2021-12-31 · accession 0001477932-23-008489 (Revenues)
- 10-K/A · period ending 2022-12-31 · accession 0001477932-25-004032 (Revenues)
- 10-K · period ending 2023-12-31 · accession 0001477932-25-006336 (Revenues)
- 10-K · period ending 2024-12-31 · accession 0001477932-26-003397 (Revenues)
- 10-K · period ending 2021-12-31 · accession 0001477932-23-008489 (NetIncomeLoss)
- 10-K/A · period ending 2022-12-31 · accession 0001477932-25-004032 (NetIncomeLoss)
- 10-K · period ending 2023-12-31 · accession 0001477932-25-006336 (NetIncomeLoss)
- 10-K · period ending 2024-12-31 · accession 0001477932-26-003397 (NetIncomeLoss)
- 10-K · period ending 2021-12-31 · accession 0001477932-23-008489 (NetCashProvidedByUsedInOperatingActivities)
- 10-K/A · period ending 2022-12-31 · accession 0001477932-25-004032 (NetCashProvidedByUsedInOperatingActivities)
- 10-K · period ending 2023-12-31 · accession 0001477932-25-006336 (NetCashProvidedByUsedInOperatingActivities)
- 10-K · period ending 2024-12-31 · accession 0001477932-26-003397 (NetCashProvidedByUsedInOperatingActivities)
- 10-K · period ending 2021-12-31 · accession 0001477932-23-008489 (PaymentsToAcquirePropertyPlantAndEquipment)
- 10-K · period ending 2023-12-31 · accession 0001477932-25-006336 (PaymentsToAcquirePropertyPlantAndEquipment)
- 10-K · period ending 2024-12-31 · accession 0001477932-26-003397 (PaymentsToAcquirePropertyPlantAndEquipment)
- 10-K · period ending 2021-12-31 · accession 0001477932-23-008489 (CashAndCashEquivalentsAtCarryingValue)
- 10-K · period ending 2023-12-31 · accession 0001477932-26-003397 (CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents)