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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 -$551K 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 6 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: 934%. Rough measure (includes maintenance capex).
Cash uses aggregated from the SEC cash-flow statement over 6 fiscal years. "Return on reinvestment" is a rough proxy — operating-income change ÷ cumulative CapEx + M&A — and includes maintenance capex. 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
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 |
|---|---|---|---|---|---|---|
| Revenue | $78K 100.0% | $77K 100.0% | $340K 100.0% | $89K 100.0% | — | — |
| Cost of Revenue | $26K 32.6% | $30K 39.3% | $121K 35.6% | $52K 57.9% | — | — |
| Gross Profit | $32K 40.8% | -$3K -3.5% | $219K 64.4% | $38K 42.1% | — | — |
| Selling, General & Admin | — | $760K 983.1% | $1.1M 323.1% | $366K 410.4% | $2.5M | $26K |
| Total Operating Expenses | $609K 776.3% | $760K 983.1% | -$1.1M -323.1% | $2.4M 2674.2% | $2.5M | $26K |
| Operating Income | -$577K -735.5% | -$763K -986.5% | -$879K -258.7% | -$2.3M -2632.1% | -$2.5M | -$26K |
| Interest Expense | $121K 154.5% | $4K 4.6% | $12K 3.5% | $2K 2.4% | — | — |
| Other Income (Expense), net | -$14.5M -18447.7% | -$318K -411.3% | $16K 4.6% | -$2K -2.2% | — | — |
| Income Tax Expense | $0 0.0% | $0 0.0% | $0 0.0% | — | — | — |
| Net Income | -$15.0M -19183.3% | -$1.1M -1397.8% | -$875K -257.5% | -$2.4M -2634.5% | -$2.5M | -$26K |
| Per Share | ||||||
| EPS (Basic) | — | — | -$0.05 | -$0.14 | — | — |
| EPS (Diluted) | -$0.14 | -$0.00 | -$0.05 | -$0.14 | — | — |
| Weighted Avg Shares (Basic) | — | — | 17.9M | 17.1M | — | — |
| Weighted Avg Shares (Diluted) | 110.7M | 286.9M | 17.9M | 17.1M | — | — |
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
Where each multiple sits in its own 6-yr range · 0th pct blended
Dot = today · shaded = middle 50% · line = median. Lower percentile = cheaper vs its own 6-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 934% against ROIC 934% — 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 -259.3% — 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
Profit and sales moved in opposite directions this year.
Each line as % of revenue — the trend in color
| % of revenue | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|
| Cost of Revenue | — | — | 57.9 | 35.6 | 39.3 | 32.6 |
| Gross Profit | — | — | 42.1 | 64.4 | -3.5 | 40.8 |
| SG&A | — | — | 410.4 | 323.1 | 983.1 | — |
| Operating Income | — | — | -2632.1 | -258.7 | -986.5 | -735.5 |
| Income Tax | — | — | — | 0.0 | 0.0 | 0.0 |
| Net Income | — | — | -2634.5 | -257.5 | -1397.8 | -19183.3 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on WNLV: 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.