MeritValue

SCWorx Corp.

WORXdata completeness 75%11 fiscal years on file

Data notes: no data for concept 'totalDebt'

The thesis, from the filings

SCWorx Corp. earns about -48% on invested capital, and has bought back 31% of its shares over 5 years. The cash-flow models don't apply cleanly here — the ledger says why below.Whether it’s worth owning at today’s price is the last question — and yours to answer, below.

i. The business — what you’d actually own
FigureFY 2021FY 2022FY 2023FY 2024FY 2025
Revenue$4.63M1$4.04M2$3.8M2$2.99M3$2.88M3
Net income−$3.81M4−$1.85M5−$3.98M6−$1.14M7−$4.44M7
Operating cash flow−$1.07M8−$540,0369−$806,16410−$1.08M11−$1.54M11
Capital expenditure—————
Free cash flow (derived)—————
Total debt—————
Cash & equivalents$71,07512$249,46213$91,43613$106,65414$1.64M14
Diluted shares10.5M797,8711.0M1.5M7.3M

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
$9.83
your share of equity
Profit it earned you last year
−$6.11
Free cash flow it threw off
—
Debt you’d be carrying
—

10 shares is a claim on $9.83 of net worth that earned you −$6.11 last year.

iii. Is this a good business?
Moat signal · return on invested capital
-48% avg · 5y
FY21 -48%FY22 -22%FY23 -84%FY24 -20%FY25 -64%

It earned an average -48% on invested capital over 5 years. Compare that to what it costs to fund the business.

seeing a moat in the numbers →
Management signal · capital allocation
−31% shares · 5y

Share count is down 31% over 5 years — management has been buying back stock, quietly handing owners a bigger slice.

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 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
  1. 10-K · period ending 2021-12-31 · accession 0001213900-23-030171 (Revenues)
  2. 10-K · period ending 2022-12-31 · accession 0001213900-24-081111 (RevenueFromContractWithCustomerIncludingAssessedTax)
  3. 10-K · period ending 2024-12-31 · accession 0001213900-26-037303 (Revenues)
  4. 10-K · period ending 2021-12-31 · accession 0001213900-23-030171 (NetIncomeLoss)
  5. 10-K · period ending 2022-12-31 · accession 0001213900-24-081111 (NetIncomeLoss)
  6. 10-K · period ending 2023-12-31 · accession 0001213900-25-026169 (NetIncomeLoss)
  7. 10-K · period ending 2024-12-31 · accession 0001213900-26-037303 (NetIncomeLoss)
  8. 10-K · period ending 2021-12-31 · accession 0001213900-23-030171 (NetCashProvidedByUsedInOperatingActivities)
  9. 10-K · period ending 2022-12-31 · accession 0001213900-24-081111 (NetCashProvidedByUsedInOperatingActivities)
  10. 10-K · period ending 2023-12-31 · accession 0001213900-25-026169 (NetCashProvidedByUsedInOperatingActivities)
  11. 10-K · period ending 2024-12-31 · accession 0001213900-26-037303 (NetCashProvidedByUsedInOperatingActivities)
  12. 10-K · period ending 2021-12-31 · accession 0001213900-23-030171 (CashAndCashEquivalentsAtCarryingValue)
  13. 10-K · period ending 2022-12-31 · accession 0001213900-24-081111 (CashAndCashEquivalentsAtCarryingValue)
  14. 10-K · period ending 2024-12-31 · accession 0001213900-26-037303 (CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents)