MeritValue

US NUCLEAR CORP.

UCLEdata completeness 88%15 fiscal years on file

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

i. The business — what you’d actually own
FigureFY 2022FY 2023FY 2024FY 2024FY 2025
Revenue$2.09M1$2.23M2$2.19M2$2.19M3$2.17M3
Net income−$2.04M4−$3.43M5—−$1.74M6−$1.24M6
Operating cash flow−$1.32M7−$263,4448—−$509,0539−$199,3439
Capital expenditure—$85810———
Free cash flow (derived)—−$264,3028———
Total debt—$570,17611—$1.51M12$531,68712
Cash & equivalents$126,10913$152,84013—$130,84014$134,77914
Diluted shares29.5M36.1M—46.8M60.5M

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
−$0.08
your share of equity
Profit it earned you last year
−$0.2
Free cash flow it threw off
—
Debt you’d be carrying
$0.09

10 shares is a claim on −$0.08 of net worth that earned you −$0.2 last year, against $0.09 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
+105% shares · 5y

Share count is up 105% 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.

iv. What it’s worth —

Different models answer different questions — which to trust when →

Sources — the receipts
  1. 10-K · period ending 2022-12-31 · accession 0001213900-24-041830 (Revenues)
  2. 10-K · period ending 2023-12-31 · accession 0001213900-25-057524 (Revenues)
  3. 10-K · period ending 2024-12-31 · accession 0001213900-26-070875 (Revenues)
  4. 10-K · period ending 2022-12-31 · accession 0001213900-24-041830 (NetIncomeLoss)
  5. 10-K · period ending 2023-12-31 · accession 0001213900-25-057524 (NetIncomeLoss)
  6. 10-K · period ending 2024-12-31 · accession 0001213900-26-070875 (NetIncomeLoss)
  7. 10-K · period ending 2022-12-31 · accession 0001213900-24-041830 (NetCashProvidedByUsedInOperatingActivities)
  8. 10-K · period ending 2023-12-31 · accession 0001213900-25-057524 (NetCashProvidedByUsedInOperatingActivities)
  9. 10-K · period ending 2024-12-31 · accession 0001213900-26-070875 (NetCashProvidedByUsedInOperatingActivities)
  10. 10-K · period ending 2023-12-31 · accession 0001213900-25-057524 (PaymentsToAcquirePropertyPlantAndEquipment)
  11. 10-K · period ending 2023-12-31 · accession 0001213900-25-057524 (LongTermDebt)
  12. 10-K · period ending 2024-12-31 · accession 0001213900-26-070875 (LongTermDebt)
  13. 10-K · period ending 2022-12-31 · accession 0001213900-24-041830 (CashAndCashEquivalentsAtCarryingValue)
  14. 10-K · period ending 2024-12-31 · accession 0001213900-26-070875 (CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents)