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No institutional (13F) filings cover this company, so the Overview and 13F tabs are thin. Everything drawn from its SEC filings is here.
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How management deployed cash over 10 years — and what it earned on reinvestment.
A reinvestment story — most cash went back into growth rather than to shareholders.
Operating income fell despite reinvestment — a warning on capital productivity. Current ROIC on all capital: 124%. 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.
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 on -$333K FCF.
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.
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.
EOD close · as of 2026-10-29
How a revenue dollar becomes profit — FY2026
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 | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.0M 100.0% | $818K 100.0% | $7K 100.0% | $14K 100.0% | $7K 100.0% | $4K 100.0% | — | — | — | — |
| Cost of Revenue | $332K 32.1% | $389K 47.6% | $771 10.3% | — | $1K 14.9% | $800 21.1% | — | — | — | — |
| Gross Profit | $702K 67.9% | $429K 52.4% | $7K 89.7% | $14K 100.0% | $6K 85.1% | $3K 78.9% | — | — | — | — |
| Selling, General & Admin | $1.4M 133.1% | $1.1M 129.6% | $349K 4647.4% | $50K 369.3% | $51K 693.4% | $76K 1998.4% | $55K | $57K | $390 | $193 |
| Total Operating Expenses | $1.5M 148.6% | $1.2M 149.0% | $420K 5597.3% | $50K 369.3% | $51K 693.4% | $76K 1998.4% | $55K | $57K | $502 | $1K |
| Operating Income | -$835K -80.8% | -$790K -96.6% | -$413K -5507.6% | -$37K -269.3% | -$45K -608.2% | -$73K -1919.4% | -$55K | -$57K | $2K | -$1K |
| Interest & Investment Income | — | — | — | — | $2K 21.3% | $5K 142.8% | $1 | — | — | — |
| Other Income (Expense), net | $14K 1.4% | $70K 8.5% | $46 0.6% | — | $2K 21.3% | $6K 169.1% | -$4K | — | — | — |
| Pretax Income | -$821K -79.4% | -$720K -88.1% | -$413K -5507.0% | -$37K -269.3% | -$43K -587.0% | -$67K -1750.3% | — | — | — | — |
| Income Tax Expense | $17K 1.6% | — | — | — | — | — | — | $13K | — | — |
| Net Income | -$838K -81.0% | -$720K -88.1% | -$413K -5507.0% | -$37K -269.3% | -$43K -587.0% | -$67K -1750.3% | -$59K | -$71K | $2K | -$1K |
| Per Share | ||||||||||
| EPS (Basic) | -$0.03 | -$0.02 | -$0.01 | -$0.00 | -$0.00 | -$0.00 | — | — | — | — |
| EPS (Diluted) | -$0.03 | -$0.02 | -$0.01 | — | — | — | — | — | — | — |
| Weighted Avg Shares (Basic) | 31.5M | 30.0M | 30.0M | 30.0M | 30.0M | 30.0M | — | — | — | — |
| Weighted Avg Shares (Diluted) | 31.5M | 30.0M | 30.0M | 30.0M | — | — | — | — | — | — |
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.
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).
Interest expense isn't separately reported — often netted into “other income (expense), net.”
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 2026-10-29
Where each multiple sits in its own 5-yr range · 20th pct blended
Dot = today · shaded = middle 50% · line = median. Lower percentile = cheaper vs its own 5-yr history.
Is the profit real, and how strong is the balance sheet?
FY2026 · every deduction from revenue to net income
DuPont — the three levers
ROE 124% against ROIC 124% — 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
Low operating leverage — profit tracks sales closely (stable, less cyclical).
Each line as % of revenue — the trend in color
| % of revenue | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|---|---|
| Cost of Revenue | — | — | 21.1 | 14.9 | — | 10.3 | 47.6 | 32.1 |
| Gross Profit | — | — | 78.9 | 85.1 | 100.0 | 89.7 | 52.4 | 67.9 |
| SG&A | — | — | 1998.4 | 693.4 | 369.3 | 4647.4 | 129.6 | 133.1 |
| Operating Income | — | — | -1919.4 | -608.2 | -269.3 | -5507.6 | -96.6 | -80.8 |
| Income Tax | — | — | — | — | — | — | — | 1.6 |
| Net Income | — | — | -1750.3 | -587.0 | -269.3 | -5507.0 | -88.1 | -81.0 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on AAQL: 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.