Forensic Analysis · Technology / Software · as of Sep 25, 2026

Data Storage Corp (DTST)

A forensic read on Data Storage Corp 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

Grey Zone

Financial health

18.3

Distress distance

Watch

Earnings quality

Forensic signals

46.9%

ROE

13.4%

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, going concern, valuation). 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.

Data Storage Corp earns an F (Poor — capital at risk) forensic quality grade, and its balance-sheet distress test reads 18.2, placing it in the Grey 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). 2 forensic signals were flagged in its latest SEC filings, led by cash conversion.

What the filings flag

0.12×

FY2023–FY2025

Cash conversion. Over FY2023–FY2025, cumulative operating cash flow was 0.12× cumulative net income. Reported profit is not turning into cash. The shortfall is profit tied up in working capital rather than collected — the accrual and receivables lines below show where.

+63.2%

FY2024→FY2025

Accruals ratio (% of NOA). Net operating assets grew +63.2% 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. A cash-flow measure on the same base agrees: reported earnings ran ahead of operating cash by 76% of net operating assets, against an accruals ratio of 63.2%. 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.

Key fundamentals

Latest Revenue$1.4M

Revenue Growth YoY+13.4%

Revenue CAGR (2yr)-76.4%

Net Margin1388.7%

Free Cash Flow-$3.2M

Return on Equity46.9%

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 Data Storage Corp's actual 10-K/10-Q/8-K filings?

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Data from SEC EDGAR public filings · metrics as of Sep 25, 2026. Forensic signals flag probability, not certainty.