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Institutional ownership roughly stable: +0.00% change quarter-over-quarter.
Data as of Q1 2026
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Solve the discounted cash flow backwards, then stress-test the assumptions.
This company doesn't have positive free cash flow, so a reverse DCF can't be run.
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EOD close · as of 2026-08-05 · 15d old
How a revenue dollar becomes profit — FY2024
Each value shows its share of revenue below it (common-size).
| Line Item | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | $33.5M 100.0% | $6.2M 100.0% | $1.53B 100.0% | $1.27B 100.0% | $969.3M 100.0% | $711.0M 100.0% | $529.5M 100.0% |
| Cost of Revenue | $15.4M | $170.2M | $86.6M | $29.6M 88.4% | $92.4M 1499.3% | $694.7M 45.4% | $576.5M 45.3% | $452.2M 46.7% | $363.6M 51.1% | $346.7M 65.5% |
| Gross Profit | $12.1M | $63.2M | $6.2M | $3.9M 11.6% | $54.5M 884.1% | $834.8M 54.6% | $695.4M 54.7% | $517.1M 53.3% | $347.4M 48.9% | $182.8M 34.5% |
| Research & Development | $5.8M | $61.6M | $36.6M | $30.3M 90.4% | $17.6M 286.3% | — | — | — | — | — |
| Selling, General & Admin | — | — | — | $4.7M 14.1% | $17.6M 285.7% | $15.3M 1.0% | $242.1M 19.0% | $339.7M 35.0% | $148.1M 20.8% | $135.6M 25.6% |
| Total Operating Expenses | — | — | — | $4.7M 14.1% | $17.6M 285.7% | $15.3M 1.0% | $487.7M 38.3% | $517.7M 53.4% | $276.6M 38.9% | $232.3M 43.9% |
| Operating Income | — | — | — | -$4.7M -14.1% | -$17.6M -285.7% | -$15.3M -1.0% | $207.6M 16.3% | -$628K -0.1% | $70.8M 10.0% | -$49.5M -9.3% |
| Interest Expense | — | $783K | $1.1M | $1.1M 3.3% | $300K 4.9% | $34.1M 2.2% | $33.8M 2.7% | $26.6M 2.7% | $6.1M 0.9% | — |
| Interest & Investment Income | — | — | — | $0 0.0% | $13K 0.2% | $80K 0.0% | $26.4M 2.1% | $19.6M 2.0% | $16.6M 2.3% | $17.9M 3.4% |
| Other Income (Expense), net | — | — | — | — | $4.1M 67.0% | $10.1M 0.7% | $15.4M 1.2% | $6.6M 0.7% | $4.4M 0.6% | $253K 0.0% |
| Pretax Income | — | — | — | $39.1M 116.8% | -$17.6M -285.5% | -$15.2M -1.0% | $214.2M 16.8% | -$676K -0.1% | $83.0M 11.7% | -$32.9M -6.2% |
| Income Tax Expense | — | — | — | — | -$2.4M -39.0% | $70.7M 4.6% | $71.8M 5.6% | $52.9M 5.5% | $32.2M 4.5% | -$1.1M -0.2% |
| Net Income | -$125.3M | -$1.31B | -$5.64B | -$39.0M -116.6% | -$132.4M -2148.8% | $148.1M 9.7% | $143.0M 11.2% | -$48.0M -4.9% | $53.9M 7.6% | -$26.3M -5.0% |
| Per Share | ||||||||||
| EPS (Basic) | — | — | — | $-0.34 | $-1.17 | $1.31 | $1.26 | $-0.47 | $0.54 | — |
| EPS (Diluted) | — | — | — | $-0.34 | $-1.17 | $1.29 | $1.23 | $-0.47 | $0.54 | — |
| Weighted Avg Shares (Basic) | — | — | — | 112.9M | 112.8M | 113.2M | 113.8M | 101.9M | 100.0M | — |
| Weighted Avg Shares (Diluted) | — | — | — | 112.9M | 112.8M | 114.5M | 115.9M | 101.9M | 100.0M | — |
Source: SEC EDGAR XBRL filings (annual, fiscal year). Quarterly flow items are derived from cumulative filings; balance-sheet figures are as-of each period end. Ratios and margins are computed, not reported.
Is the value real, and is the business safe? Academic scores + earnings quality + solvency, from SEC filings.
0/2 of the 9 checks — 7 couldn't be scored (see above), so the score is out of the 2 with data.
Insufficient balance-sheet detail (needs retained earnings, working capital, equity).
Needs granular two-year detail (receivables, PP&E, D&A, SG&A) — not fully reported.
Cash-conversion data unavailable. Lower/negative accruals = higher quality (Sloan).
Coverage data unavailable.
F-Score (0–9 fundamental momentum), Altman Z (distress risk), and Beneish M (earnings-manipulation screen) are academic models computed from the SEC filings. Screens and context — educational, not recommendations.
What the company returns to shareholders — and whether it's covered by cash.
No dividend to cover. Last year: $0 dividends + $0 buybacks = $0 returned.
Yields use the latest fiscal-year dividends/buybacks over current market cap. Dividends and buybacks from the SEC cash-flow statement; payout coverage vs net income and free cash flow. Educational — not a recommendation.
How management deployed cash over 10 years — and what it earned on reinvestment.
A cash-return story — far more went to shareholders than back into the business (mature, low-reinvestment).
Insufficient data. Rough measure (includes maintenance capex).
Cash uses aggregated from the SEC cash-flow statement over 10 fiscal years. "Return on reinvestment" is a rough proxy — operating-income change ÷ cumulative CapEx + M&A — and includes maintenance capex. Educational — not a recommendation.
How much the company owes, how it's trended, and how comfortably it's serviced.
$68M of principal comes due within a year. Scheduled principal only (excludes interest & revolver draws). As of 2021-03-31 (20-F).
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Interest expense isn't separately reported — often netted into “other income (expense), net.” Interest last disclosed in FY2023 (no longer broken out).
Cash vs short-term debt unavailable.
Short-term / long-term split not separately reported.
Debt, cash, interest and equity from the SEC balance sheet & income statement. Effective rate = interest ÷ average debt. Maturity ladder from the SEC long-term-debt repayment schedule. Educational — not a recommendation.
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EOD close · as of 2026-08-05
No standout strengths flagged.
Nothing notable to watch.
Where each multiple sits in its own 8-yr range
Dot = today · shaded = middle 50% · line = median. Lower percentile = cheaper vs its own 8-yr history.
Is the profit real, and how strong is the balance sheet?
FY2024 · every deduction from revenue to net income
DuPont — the three levers
Watch the leverage lever — a chunk of ROE comes from the balance sheet.
What the company owes vs. what it holds
Year-by-year maturities aren't in SEC companyfacts (footnote-only), so this shows the debt/cash structure and net leverage instead.
Latest year: profit growth vs revenue growth
Operating leverage needs meaningful revenue change.
Each line as % of revenue — the trend in color
| % of revenue | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 |
|---|---|---|---|---|---|---|---|---|
| Cost of Revenue | 46.7 | 45.3 | 45.4 | 1499.3 | 88.4 | — | — | — |
| Gross Profit | 53.3 | 54.7 | 54.6 | 884.1 | 11.6 | — | — | — |
| R&D | — | — | — | 286.3 | 90.4 | — | — | — |
| SG&A | 35.0 | 19.0 | 1.0 | 285.7 | 14.1 | — | — | — |
| Operating Income | -0.1 | 16.3 | -1.0 | -285.7 | -14.1 | — | — | — |
| Income Tax | 5.5 | 5.6 | 4.6 | -39.0 | — | — | — | — |
| Net Income | -4.9 | 11.2 | 9.7 | -2148.8 | -116.6 | — | — | — |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on NAAS: price, valuation, headline fundamentals, and an auto-generated scorecard from SEC filings. Flags are rule-based signals, not recommendations.
Total shares institutions bought (green) vs sold (red) each quarter across all holders.
Inferred from quarter-over-quarter change in each fund's 13F position (new stakes count as buys, exits as sells). Not tick-level trades.
Top 8 institutional holders — bubble size is position value, color is the move since last quarter. Hover any holder for detail.
Drag any bubble to rearrange · size = dollar value of the position
Ranked against 496 sector peers with collected financials. Valuation from latest close × latest fiscal-year fundamentals; 13F conviction as of 2026-03-31.
Percentile is “goodness” within the peer set (100 = best). For valuation and leverage that means cheaper / less-levered ranks higher.
| Company | Mkt cap ▼ | P/E | EV/EBITDA | P/S | Rev gr | Gross | Net | ROE | ROIC | Net D/EBITDA | 13F |
|---|---|---|---|---|---|---|---|---|---|---|---|
| AMZN | $2.93T | — | — | — | — | — | — | 20.5% | 16.2% | — | 5,764 |
| TSLA | $1.21T | 297.7× | 127.6× | 12.7× | -2.9% | 18.0% | 4.0% | 4.6% | 4.2% | 0.9× | 4,029 |
| PDD | $517.8B | 38.5× | 37.5× | 8.4× | -84.3% | 56.3% | 22.7% | 23.7% | 23.7% | — | 548 |
| HD | $351.7B | 24.8× | 16.4× | 2.1× | 3.2% | 33.3% | 8.6% | 111% | 22.8% | 2.0× | 3,970 |
| TOYOF | $242.7B | — | — | — | — | — | — | — | — | — | 4 |
| TJX | $177.0B | 32.8× | — | 2.9× | 7.1% | 31.0% | 9.1% | 53.9% | 45.6% | — | 2,608 |
| LOW | $123.4B | 18.6× | 13.1× | 1.4× | 3.1% | 33.5% | 7.7% | -67.1% | 22.3% | 3.2× | 2,591 |
| SBUX | $120.5B | 65.0× | 28.7× | 3.2× | 2.8% | — | 5.0% | -22.9% | 28.7% | 3.1× | 2,252 |
| MELI | $97.5B | 48.8× | — | 3.4× | 39.1% | 44.5% | 6.9% | 29.6% | 12.5% | — | 1,380 |
| MAR | $96.1B | 38.0× | 22.3× | 3.7× | 4.3% | — | 9.9% | -69.0% | -69.4% | 0.0× | 1,559 |
| LKNCY | $94.1B | 183.4× | 99.1× | 13.4× | -79.6% | — | 7.3% | 23.0% | 23.0% | 0.0× | 9 |
| ABNB | $93.5B | — | 33.9× | 7.6× | 10.3% | 83.0% | 20.5% | 30.6% | 30.6% | 0.0× | 1,246 |
| RCL | $88.7B | 21.0× | — | 5.0× | 8.8% | 49.4% | 23.8% | 42.5% | 12.3% | — | 1,114 |
| ROST | $81.6B | 38.3× | 24.3× | 3.6× | 7.7% | 27.7% | 9.4% | 34.7% | 29.8% | 0.3× | 1,276 |
| GM | $80.6B | 27.3× | 4.0× | 0.4× | -1.3% | — | 1.5% | 4.5% | 4.5% | — | 1,447 |
| ORLY | $78.7B | 31.5× | 21.3× | 4.4× | 6.4% | 51.6% | 14.3% | -333% | 48.3% | 1.5× | 1,569 |
| HLT | $74.8B | 53.0× | 25.7× | 6.2× | 7.7% | — | 12.1% | -27.0% | -27.0% | — | 1,126 |
| RACE | $71.5B | — | — | — | — | — | — | — | — | — | 690 |
| SE | $70.4B | 45.6× | 28.1× | 3.1× | 36.4% | 44.7% | 6.9% | 12.6% | 12.6% | — | 718 |
| NKE | $63.0B | 20.2× | — | 1.4× | 0.2% | 42.9% | 6.7% | 20.9% | 14.9% | — | 1,848 |
| AZO | $51.4B | 21.1× | 14.2× | 2.7× | 2.4% | 52.6% | 13.2% | -73.2% | 46.4% | 2.1× | 1,245 |
| EBAY | $49.9B | 25.6× | 18.1× | 4.5× | 7.9% | 71.5% | 18.3% | 45.3% | 38.8% | 0.3× | 1,182 |
| VIK | $48.3B | — | — | — | — | — | — | — | — | — | 479 |
| CMG | $46.1B | 30.3× | 19.9× | 3.9× | 5.4% | — | 12.9% | 54.3% | 54.3% | 0.0× | 1,203 |
| DHI | $44.6B | 13.1× | — | 1.3× | -6.9% | 23.7% | 10.5% | 14.8% | 14.8% | — | 1,092 |
| NAAS | $56M | — | — | — | — | — | — | — | — | — | 8 |
Peers = companies sharing NAAS's sector (Consumer Cyclical) with collected SEC financials. Multiples use the most recent end-of-day close and latest fiscal-year fundamentals (trailing, not forward). Missing cells mean the peer never reported that line item, has no collected price, or has a non-positive denominator. Not investment advice.
Total return (dividends reinvested) vs the market, from quarter-end prices.
Above 0 = ahead of the S&P 500 since the window start; below 0 = behind. Rising means it's pulling ahead.
How far the stock fell below its prior peak. Deeper, longer drawdowns = a rougher ride to the same return.
Quarter-end, dividend-adjusted (total return). Beta & volatility from quarterly returns (annualized). Benchmark is the S&P 500 (SPY total return). Annual returns compound the quarters ending in each calendar year; the first and last years in a window may be partial. Past performance doesn't predict future results.