Vystar Corp
VYSTdata completeness 75%16 fiscal years on fileData notes: no data for concept 'incomeTaxExpense'
i. The business — what you’d actually own
| Figure | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|
| Revenue | $1.67M1 | $116,5332 | $525,8833 | $135,9694 | $54,8214 |
| Net income | −$2.7M5 | −$3.96M6 | −$5.24M7 | $759,5138 | −$1.53M8 |
| Operating cash flow | −$2.86M9 | −$515,52310 | −$442,66211 | −$99,96212 | −$180,39312 |
| Capital expenditure | $115,39613 | — | — | — | — |
| Free cash flow (derived) | −$2.98M9 | — | — | — | — |
| Total debt | $7.07M14 | — | — | — | — |
| Cash & equivalents | $151,17515 | $135,59916 | $50,35416 | $7,71217 | $4,45417 |
| Diluted shares | 12.7M | 12.9M | 12.5M | 13.4M | 19.6M |
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
shares
Net assets behind them
−$3.31
your share of equity
Profit it earned you last year
−$0.78
Free cash flow it threw off
—
Debt you’d be carrying
—
10 shares is a claim on −$3.31 of net worth that earned you −$0.78 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
+55% shares · 5y
Share count is up 55% 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 — engine v0.1.0
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
- 10-K · period ending 2021-12-31 · accession 0001493152-23-036786 (RevenueFromContractWithCustomerExcludingAssessedTax)
- 10-K · period ending 2022-12-31 · accession 0001493152-24-035353 (RevenueFromContractWithCustomerExcludingAssessedTax)
- 10-K · period ending 2023-12-31 · accession 0001641172-25-003946 (RevenueFromContractWithCustomerExcludingAssessedTax)
- 10-K · period ending 2024-12-31 · accession 0001493152-26-016763 (RevenueFromContractWithCustomerExcludingAssessedTax)
- 10-K · period ending 2021-12-31 · accession 0001493152-23-036786 (NetIncomeLoss)
- 10-K · period ending 2022-12-31 · accession 0001493152-24-035353 (NetIncomeLoss)
- 10-K · period ending 2023-12-31 · accession 0001641172-25-003946 (NetIncomeLoss)
- 10-K · period ending 2024-12-31 · accession 0001493152-26-016763 (NetIncomeLoss)
- 10-K · period ending 2021-12-31 · accession 0001493152-23-036786 (NetCashProvidedByUsedInOperatingActivities)
- 10-K · period ending 2022-12-31 · accession 0001493152-24-035353 (NetCashProvidedByUsedInOperatingActivities)
- 10-K · period ending 2023-12-31 · accession 0001641172-25-003946 (NetCashProvidedByUsedInOperatingActivities)
- 10-K · period ending 2024-12-31 · accession 0001493152-26-016763 (NetCashProvidedByUsedInOperatingActivities)
- 10-K · period ending 2021-12-31 · accession 0001493152-22-014055 (PaymentsToAcquirePropertyPlantAndEquipment)
- 10-K · period ending 2021-12-31 · accession 0001493152-22-014055 (LongTermDebtCurrent)
- 10-K · period ending 2021-12-31 · accession 0001493152-24-035353 (CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents)
- 10-K · period ending 2022-12-31 · accession 0001641172-25-003946 (CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents)
- 10-K · period ending 2024-12-31 · accession 0001493152-26-016763 (CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents)