FreeCast, Inc. (CAST) Stock — Forensic Analysis, Red Flags & Rating | Stockonomy · Stockonomy
Forensic Analysis · Technology / Software · as of Jul 20, 2026
FreeCast, Inc. (CAST)
A forensic read on FreeCast, Inc. built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
F · Poor — capital at risk
Forensic grade
Distress
Financial health
-564.8
Altman Z-score
Watch
Earnings quality
3
Forensic signals
$278M
Market cap
23.7%
Revenue growth
FreeCast, Inc. earns a F (Poor — capital at risk) forensic quality grade, and its Altman Z-score is -564.8, placing it in the Distress zone. 3 forensic signals were flagged in its latest SEC filings, led by receivables vs revenue.
What the filings flag
40d DSOReceivables vs revenue.Days sales outstanding moved from 1 to 40 days FY2024→FY2025 (receivables +9137% vs revenue +24%). Receivables are outrunning sales — a flag for aggressive revenue recognition or slipping collections.
+39.7%/yrShare-count dilution.Diluted share count changed +40% over the last 1 years to FY2025 (+39.7%/yr). The count is GROWING — existing holders are being diluted. That's ~39.7% shaved off per-share growth every year — total profit has to grow that much just to keep earnings-per-share flat, and a stake held since FY2024 has been diluted ~28%.
77% of revStock-based comp load.Stock-based compensation ran 77% of revenue in FY2025 — about $0.01 per diluted share. Meaningful — reported free cash flow flatters the economics, since SBC is a real cost paid in shares.
Key fundamentals
Latest Revenue$628,149.00
Revenue Growth YoY+23.7%
Net Margin-2239.3%
Free Cash Flow$-10.5M
Go deeper — free with an account
The forensic grade and screens above are free — no account needed. An account adds the full interactive deep-dive on FreeCast, Inc.:
🔒The written investment read — what the numbers mean, in plain English
🔒Ask anything about CAST's filings — AI Q&A across the 10-K, 10-Qs & 8-Ks
🔒Interactive valuation — reverse-DCF sliders, Monte Carlo & scenario stress
🔒Calibrated 12-month price forecast, with the math shown