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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 on -$290K 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.
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: 80%. 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.
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 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $46K 100.0% | $332K 100.0% | $0 | $200K 100.0% | $700K 100.0% | $750K 100.0% | $1.2M 100.0% | $0 | $0 | $25K 100.0% |
| Cost of Revenue | $0 0.0% | $0 0.0% | $0 | $10K 5.0% | $81K 11.6% | $201K 26.9% | $277K 22.8% | $0 | $0 | $7K 27.9% |
| Gross Profit | $46K 100.0% | $332K 100.0% | $0 | $190K 95.0% | $619K 88.4% | $549K 73.1% | $939K 77.2% | $0 | $0 | $18K 72.1% |
| Research & Development | — | — | — | — | — | — | — | $1.5M | $0 | — |
| Selling, General & Admin | $324K 704.8% | $346K 104.1% | $393K | $551K 275.6% | $606K 86.5% | $523K 69.7% | $450K 37.0% | $633K | $861K | $61K 243.4% |
| Total Operating Expenses | $324K 704.8% | $365K 110.0% | $455K | $624K 311.8% | $1.7M 240.7% | $594K 79.2% | $1.0M 83.6% | $4.1M | $1.5M | $61K 243.4% |
| Operating Income | -$278K -604.8% | -$33K -10.0% | -$455K | -$434K -216.8% | -$1.1M -152.3% | -$45K -6.0% | -$78K -6.4% | -$4.1M | -$1.5M | -$43K -171.4% |
| Interest Expense | $3K 7.5% | $5K 1.5% | $17K | $8K 4.2% | $4K 0.6% | $992 0.1% | $0 0.0% | $157K | $163K | $0 0.0% |
| Interest & Investment Income | — | — | — | — | — | $0 0.0% | $13 0.0% | $41K | $106K | $0 0.0% |
| Other Income (Expense), net | -$3K -7.5% | -$5K -1.4% | -$17K | -$8K -4.2% | $44K 6.3% | -$2K -0.3% | -$1K -0.1% | -$118K | -$39K | $0 0.0% |
| Pretax Income | -$281K -612.3% | -$38K -11.4% | -$472K | -$442K -221.0% | -$1.0M -145.9% | -$47K -6.3% | -$79K -6.5% | -$4.2M | -$1.6M | -$43K -171.4% |
| Income Tax Expense | $2K 5.2% | $2K 0.7% | $2K | $2K 1.2% | $2K 0.3% | $4K 0.5% | $800 0.1% | $800 | $0 | $0 0.0% |
| Net Income | -$284K -617.5% | -$40K -12.2% | -$475K | -$444K -222.2% | -$1.0M -146.3% | -$51K -6.9% | -$80K -6.6% | -$4.2M | -$1.6M | -$43K -171.4% |
| Per Share | ||||||||||
| EPS (Basic) | -$0.02 | $0.00 | -$0.04 | — | — | — | — | — | — | — |
| EPS (Diluted) | -$0.02 | $0.00 | — | — | — | — | — | — | — | — |
| Weighted Avg Shares (Basic) | 13.3M | 13.3M | 13.0M | — | — | — | — | — | — | — |
| Weighted Avg Shares (Diluted) | 13.3M | 13.3M | — | — | — | — | — | — | — | — |
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.
Cash of $21K (at 2025-09-30) covers the $3K due within a year 8.4× over. Scheduled principal only (excludes interest & revolver draws). As of 2025-12-31 (10-Q). The cash figure is from 2025-09-30, so the two are not the same balance-sheet date — the schedule has not been refiled since.
Insufficient EBITDA/debt history.
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Thin coverage — earnings barely cover interest. Effective rate ~3.5% on $97K of debt.
Cash vs short-term debt unavailable.
Mostly long-term debt (balance-sheet current vs non-current split). See the maturity ladder above for the year-by-year repayment schedule.
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.
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 2026-10-30
Where each multiple sits in its own 9-yr range · 17th pct blended
Dot = today · shaded = middle 50% · line = median. Lower percentile = cheaper vs its own 9-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 63% against ROIC 80% — -17% 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 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Cost of Revenue | — | 22.8 | 26.9 | 11.6 | 5.0 | — | 0.0 | 0.0 |
| Gross Profit | — | 77.2 | 73.1 | 88.4 | 95.0 | — | 100.0 | 100.0 |
| SG&A | — | 37.0 | 69.7 | 86.5 | 275.6 | — | 104.1 | 704.8 |
| Operating Income | — | -6.4 | -6.0 | -152.3 | -216.8 | — | -10.0 | -604.8 |
| Income Tax | — | 0.1 | 0.5 | 0.3 | 1.2 | — | 0.7 | 5.2 |
| Net Income | — | -6.6 | -6.9 | -146.3 | -222.2 | — | -12.2 | -617.5 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on FUST: 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.