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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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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 2026-10-29
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 |
|---|---|---|---|---|
| Revenue | $853K 100.0% | $53K 100.0% | $201K 100.0% | $461K 100.0% |
| Cost of Revenue | — | — | $37K 18.3% | $132K 28.6% |
| Gross Profit | $853K 100.0% | $53K 100.0% | $164K 81.7% | $329K 71.4% |
| Research & Development | — | $703 1.3% | $11K 5.7% | — |
| Selling, General & Admin | $1.4M 164.5% | $2.3M 4275.4% | $1.5M 751.8% | $409K 88.7% |
| Total Operating Expenses | $1.4M 165.7% | $2.3M 4325.9% | $1.5M 760.5% | $409K 88.7% |
| Operating Income | -$561K -65.7% | -$2.2M -4225.9% | -$1.4M -678.8% | -$80K -17.3% |
| Interest Expense | $71K 8.3% | $46K 87.6% | $6K 3.1% | $8K 1.7% |
| Interest & Investment Income | $97K 11.4% | $2K 3.7% | $5K 2.3% | — |
| Other Income (Expense), net | $26K 3.1% | -$44K -83.8% | -$2K -0.8% | -$6K -1.3% |
| Pretax Income | -$534K -62.7% | -$2.3M -4309.8% | -$1.4M -679.6% | -$86K -18.6% |
| Net Income | -$534K -62.7% | -$2.3M -4309.8% | -$1.4M -679.6% | -$86K -18.6% |
| Per Share | ||||
| EPS (Basic) | $0.00 | -$0.02 | -$0.01 | $0.00 |
| EPS (Diluted) | $0.00 | -$0.02 | -$0.01 | $0.00 |
| Weighted Avg Shares (Basic) | 112.7M | 111.1M | 104.1M | 98.5M |
| Weighted Avg Shares (Diluted) | 112.7M | 111.1M | 104.1M | 98.5M |
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.
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
Where each multiple sits in its own 4-yr range · 0th pct blended
Dot = today · shaded = middle 50% · line = median. Lower percentile = cheaper vs its own 4-yr history.
Is the profit real, and how strong is the balance sheet?
FY2025 · every deduction from revenue to net income
DuPont — the three levers
ROE 208% against ROIC 208% — 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 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|
| Cost of Revenue | 28.6 | 18.3 | — | — |
| Gross Profit | 71.4 | 81.7 | 100.0 | 100.0 |
| R&D | — | 5.7 | 1.3 | — |
| SG&A | 88.7 | 751.8 | 4275.4 | 164.5 |
| Operating Income | -17.3 | -678.8 | -4225.9 | -65.7 |
| Net Income | -18.6 | -679.6 | -4309.8 | -62.7 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on APHP: 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.