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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 7 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: -1580%. Rough measure (includes maintenance capex).
Cash uses aggregated from the SEC cash-flow statement over 7 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.
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.
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 -$1.2M 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.
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 |
|---|---|---|---|---|---|---|---|
| Revenue | $8K 100.0% | $5K 100.0% | $0 | $2K 100.0% | $29K 100.0% | $4K 100.0% | $0 |
| Cost of Revenue | $177K 2245.7% | $169K 3220.1% | $0 | — | $29K 100.0% | $4K 100.0% | — |
| Gross Profit | -$169K -2145.7% | -$163K -3120.1% | — | — | — | — | — |
| Research & Development | $103K 1308.9% | $0 0.0% | $396K | — | — | — | — |
| Selling, General & Admin | $3.3M 41883.7% | $1.1M 20432.3% | $478K | $57K 3041.6% | $435K 1502.5% | $1.5M 37589.6% | $3K |
| Total Operating Expenses | $4.5M 57507.2% | $1.1M 20432.3% | $874K | $172K 9142.8% | $1.7M 5742.9% | $1.6M 40560.4% | $20K |
| Operating Income | -$4.7M -59653.0% | -$1.2M -23552.4% | -$874K | -$170K -9042.8% | -$1.6M -5642.9% | -$1.6M -40460.4% | -$20K |
| Interest Expense | $5K 60.4% | $2K 37.5% | $3K | $11K 597.6% | $19K 65.8% | $2K 37.9% | $0 |
| Other Income (Expense), net | -$5K -57.5% | $62 1.2% | -$2K | $4K 200.1% | -$19K -65.8% | — | — |
| Income Tax Expense | $0 0.0% | $0 0.0% | $0 | $0 0.0% | $0 0.0% | $0 0.0% | $0 |
| Net Income | -$4.7M -59133.9% | -$1.2M -23201.8% | -$876K | -$167K -8842.7% | -$1.7M -5708.7% | $1.6M 40498.3% | -$20K |
| Per Share | |||||||
| EPS (Basic) | -$0.44 | -$0.12 | — | — | — | — | — |
| EPS (Diluted) | -$0.44 | -$0.12 | — | -$0.01 | -$0.08 | — | — |
| Weighted Avg Shares (Basic) | 10.7M | 10.4M | — | — | — | — | — |
| Weighted Avg Shares (Diluted) | 10.7M | 10.4M | — | 21.1M | 20.3M | — | — |
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.
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
Is the profit real, and how strong is the balance sheet?
FY2026 · every deduction from revenue to net income
DuPont — the three levers
ROE -1580% against ROIC -1580% — 0% of the return on equity comes from leverage and buybacks rather than from the operating business.
Equity is the year-end figure. On average equity over the two year-ends, ROE is -527.0% — the two diverge when buybacks or issuance move equity during the year.
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
High operating leverage: profit moved 5.5× as fast as sales — great in an upturn, painful in a downturn.
Each line as % of revenue — the trend in color
| % of revenue | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|---|
| Cost of Revenue | — | 100.0 | 100.0 | — | — | 3220.1 | 2245.7 |
| Gross Profit | — | — | — | — | — | -3120.1 | -2145.7 |
| R&D | — | — | — | — | — | 0.0 | 1308.9 |
| SG&A | — | 37589.6 | 1502.5 | 3041.6 | — | 20432.3 | 41883.7 |
| Operating Income | — | -40460.4 | -5642.9 | -9042.8 | — | -23552.4 | -59653.0 |
| Income Tax | — | 0.0 | 0.0 | 0.0 | — | 0.0 | 0.0 |
| Net Income | — | 40498.3 | -5708.7 | -8842.7 | — | -23201.8 | -59133.9 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on GFLT: 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.