VIP Play, Inc.

VIPZdata completeness 63%6 fiscal years on file

Data notes: no data for concept 'capex'; no data for concept 'pretaxIncome'

i. The business — what you’d actually own

Figure	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025
Revenue	$47,172¹	$78,407¹	−$36,789²	−$2.3M³	−$86,473³
Net income	−$51,638⁴	−$715,974⁵	−$11.3M⁶	−$30.4M⁷	−$18.9M⁷
Operating cash flow	−$10,182⁸	−$280,596⁹	−$6.8M¹⁰	−$11.3M¹¹	−$10.4M¹¹
Capital expenditure	—	—	—	—	—
Free cash flow (derived)	—	—	—	—	—
Total debt	—	—	—	$1.13M¹²	—
Cash & equivalents	$88,565¹³	$66,241¹⁴	—	—	—
Diluted shares	29.1M	29.8M	38.3M	55.4M	72.6M

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

Net assets behind them

−$4.27

your share of equity

Profit it earned you last year

−$2.6

Free cash flow it threw off

—

Debt you’d be carrying

—

10 shares is a claim on −$4.27 of net worth that earned you −$2.6 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.

Management signal · capital allocation

+149% shares · 5y

Share count is up 149% over 5 years — owners have been diluted. Worth asking what they got for it. Total debt has held roughly steady.

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 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

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