Loading institutional data...
Loading institutional data...
No institutional (13F) filings cover this company, so the Overview and 13F tabs are thin. Everything drawn from its SEC filings is here.
Loading snapshot...
Loading financials...
Loading valuation...
Loading analysis...
Loading dividends & returns...
Loading capital allocation...
Loading debt & leverage...
Loading performance...
Loading peer comparison...
How management deployed cash over 5 years — and what it earned on reinvestment.
A reinvestment story — most cash went back into growth rather than to shareholders.
Reinvestment has been productive — operating income grew well per dollar put in. Current ROIC on all capital: 78%. Rough measure (includes maintenance capex).
Cash uses aggregated from the SEC cash-flow statement over 5 fiscal years. "Return on reinvestment" is a rough proxy — operating-income change ÷ cumulative CapEx + M&A — and includes maintenance capex. Educational — not a recommendation.
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.
EOD close · as of 2026-10-30
How a revenue dollar becomes profit — FY2025
Dividends and buybacks are cash paid out, shown here against the same year's profit for scale — not funded from it.
Each value shows its share of revenue below it (common-size).
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | $1.1M 100.0% | $991K 100.0% | $1.1M 100.0% | $1.2M 100.0% | $749K 100.0% |
| Cost of Revenue | $650K 59.6% | $523K 52.7% | $548K 50.0% | $766K 64.8% | $372K 49.7% |
| Gross Profit | $440K 40.4% | $468K 47.3% | $548K 50.0% | $417K 35.2% | $377K 50.3% |
| Selling, General & Admin | $582K 53.4% | $746K 75.3% | $687K 62.7% | $1.1M 96.1% | $1.3M 167.8% |
| Total Operating Expenses | $811K 74.4% | $974K 98.3% | $1.3M 120.6% | $4.1M 350.4% | $2.7M 361.5% |
| Operating Income | -$371K -34.0% | -$506K -51.0% | -$774K -70.6% | -$3.7M -315.1% | -$2.3M -311.3% |
| Interest Expense | $133K 12.2% | $19K 1.9% | $195K 17.8% | $2K 0.2% | $50K 6.7% |
| Other Income (Expense), net | -$183K -16.8% | -$110K -11.1% | -$295K -26.9% | -$52K -4.4% | -$50K -6.7% |
| Pretax Income | -$554K -50.8% | -$615K -62.1% | -$1.1M -97.5% | -$3.8M -319.6% | — |
| Net Income | -$554K -50.8% | -$615K -62.1% | -$1.1M -97.5% | -$3.8M -319.6% | -$2.4M -317.9% |
| Per Share | |||||
| EPS (Basic) | -$0.04 | -$0.05 | -$0.10 | -$0.41 | — |
| EPS (Diluted) | -$0.04 | -$0.05 | -$0.10 | -$0.41 | — |
| Weighted Avg Shares (Basic) | 13.9M | 11.4M | 10.3M | 9.2M | — |
| Weighted Avg Shares (Diluted) | 13.9M | 11.4M | 10.3M | 9.2M | — |
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.
Solve the discounted cash flow backwards, then stress-test the assumptions.
This company doesn't have positive free cash flow on any basis, so a reverse DCF can't be run.
How much the company owes, how it's trended, and how comfortably it's serviced.
Insufficient EBITDA/debt history.
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Thin coverage — earnings barely cover interest.
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. Educational — not a recommendation.
EOD close · as of 2026-10-30
Is the profit real, and how strong is the balance sheet?
FY2025 · every deduction from revenue to net income
DuPont — the three levers
ROE 78% against ROIC 78% — 0% of the return on equity comes from leverage and buybacks rather than from the operating business.
What the company owes vs. what it holds
This shows debt/cash structure and net leverage. The year-by-year maturity schedule is on the Debt & Leverage tab.
Latest year: profit growth vs revenue growth
Profit and sales moved in opposite directions this year.
Each line as % of revenue — the trend in color
| % of revenue | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Cost of Revenue | 49.7 | 64.8 | 50.0 | 52.7 | 59.6 |
| Gross Profit | 50.3 | 35.2 | 50.0 | 47.3 | 40.4 |
| SG&A | 167.8 | 96.1 | 62.7 | 75.3 | 53.4 |
| Operating Income | -311.3 | -315.1 | -70.6 | -51.0 | -34.0 |
| Net Income | -317.9 | -319.6 | -97.5 | -62.1 | -50.8 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on SPTY: price, valuation and headline fundamentals from SEC filings. The four questions at the top of the page are where the judgements live.
Cash conversion and accruals. The full answer — share-based compensation, the cash conversion waterfall, working-capital trend — is still being built, so this block states what it measures rather than issuing a verdict.
One year is not a trend. The spec asks for a 3- and 5-year average of FCF/net income precisely because a single year turns on working-capital timing, and that arrives with the full Q2 block.
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.