A forensic read on Vita Coco Company, Inc. built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
C · Mixed — selective
Forensic grade
Safe
Financial health
9.8
Distress distance
Watch
Earnings quality
2
Forensic signals
24.2%
ROE
18.2%
Revenue growth
This free snapshot doesn't read filing or proxy text, so the auditor-quality and governance checks that can lower a grade were not evaluated (auditor quality, say on pay, board independence, going concern). Those checks only ever lower a grade, so the full analysis can land below the grade above but never above it — treat it as the most favourable reading, not the settled one.
Vita Coco Company, Inc. earns a C (Mixed — selective) forensic quality grade, and its balance-sheet distress test reads 9.8, placing it in the Safe zone. 2 forensic signals were flagged in its latest SEC filings, led by accruals ratio (% of NOA).
What the filings flag
+35.4%
FY2024→FY2025
Accruals ratio (% of NOA).Net operating assets grew +35.4% relative to their own average in FY2025 — scaled by NOA itself, not by total assets, which is what the Forensic Screens card's own accrual row divides by. Accruals are building sharply — a large slice of profit sits in operating assets, not cash. An accrual is a claim that still has to be collected or written down, so the gap resolves in a later period whichever way it goes. The build is led by inventory up +33% against +22% in cost of sales and receivables up +28% against revenue +18%. A cash-flow measure on the same base agrees: reported earnings ran ahead of operating cash by 21% of net operating assets, against an accruals ratio of 35.4%. The two are computed differently: the accruals ratio is the change in net operating assets over average net operating assets, while the cash-flow figure is net income less operating cash flow over that same average.Accruals ratio: the year-over-year change in net operating assets, relative to their own average.NOA (net operating assets): the money tied up in running the business, operating assets minus operating liabilities.
92d
FY2024→FY2025
Inventory days.Days inventory outstanding moved from 77 to 92 FY2024→FY2025 (against cost of goods sold; inventory +33% vs +22% in cost of sales). Inventory is building a little faster than sales — watch for markdowns.
Key fundamentals
Latest Revenue$609.8M
Revenue Growth YoY+18.2%
Revenue CAGR (2yr)+11.1%
Net Margin11.7%
Free Cash Flow$39.0M
Return on Equity24.2%
Debt / Equity0.00x
The forensic grade and screens above are free — no account needed. Want the AI investment read on top — the 0–100 rating, thesis, bull-vs-bear, red flags and the 12-month scenario, written from Vita Coco Company, Inc.'s actual 10-K/10-Q/8-K filings?