Forensic Analysis · Technology / Software · as of Aug 5, 2026
Cloudastructure, Inc. (CSAI)
A forensic read on Cloudastructure, Inc. built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
D · Weak — demands caution
Forensic grade
Distress
Financial health
-8.6
Distress distance
Clean
Earnings quality
5
Forensic signals
-95.0%
ROE
271.4%
Revenue growth
The financial-health reading above compares this company's equity at BOOK value, not at what the market currently pays for it — this free snapshot doesn't pull live market data. Treat it as a rough read, not the final word.
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 (red flags, auditor quality, say on pay, board independence). 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.
Cloudastructure, Inc. earns a D (Weak — demands caution) forensic quality grade, and its Altman Z-score is -8.6, placing it in the Distress zone (based on book value, not market value, since this free snapshot doesn't pull live market data — treat this zone as a rough read, not the final word). 5 forensic signals were flagged in its latest SEC filings, led by return on invested capital.
What the filings flag
-1408.3%
FY2025
Return on invested capital.Return on invested capital is -1408.3% in the latest fiscal year— well below its ~10% cost of capital, so reinvested dollars may be destroying value, not building it.
+29.3%/yr
FY2024–FY2025
Share-count dilution.Diluted share count changed +29% over the last 1 year to FY2025 (+29.3%/yr). The count is growing: more stock was issued than repurchased over this window, so aggregate results grew faster than their per-share equivalents. That's ~29.3% 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 ~23%.
n/m (sign flip)
FY2024→FY2025
Accruals ratio (% of NOA).Net operating assets flipped from negative to positive FY2024→FY2025 (FY2024 $-0.6M to FY2025 $+0.5M) — the standard accruals ratio divides by the average of the two, which collapses toward zero right as the sign changes, so the resulting percentage is a denominator artifact, not a real accrual measurement. Treat this as a structural balance-sheet shift to understand on its own terms rather than a clean or dirty accruals read.
63d DSO
FY2024→FY2025
Receivables vs revenue.Days sales outstanding moved from 52 to 63 days FY2024→FY2025 (receivables +346% vs revenue +271%). Receivables grew, but deferred revenue grew +21% over the same period too — rising alongside rising unearned revenue reads as upfront billing on multi-period contracts, not slipping collections. There's no FY2023 figure on file for receivables, so FY2024 has no opening balance to average against — both figures are measured on period-end balances rather than the beginning-plus-ending average, since averaging only the current year would make the move track balance-sheet growth rather than the business.
Key fundamentals
Latest Revenue$5.1M
Revenue Growth YoY+271.4%
Net Margin-167.0%
Free Cash Flow-$7.2M
Return on Equity-95.0%
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 Cloudastructure, Inc.'s actual 10-K/10-Q/8-K filings?
Data from SEC EDGAR public filings · metrics as of Aug 5, 2026. Forensic signals flag probability, not certainty.
Cloudastructure, Inc. (CSAI) Stock — Forensic Analysis, Red Flags & Rating | Stockonomy · Stockonomy
46% of rev
FY2025
Stock-based comp load.Stock-based compensation ran 46% of revenue in FY2025 — about $0.12 per diluted share. The cost of it is not in the cash flow — no cash left the business — it is in the count, and there it has run at about 29.3% a year, small enough that totals and per-share results tell the same story.