Forensic Analysis · Industrials / Manufacturing / Defense · as of Aug 2, 2026
Focus Universal Inc. (FCUV)
A forensic read on Focus Universal 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
-1.6
Altman Z-score
Clean
Earnings quality
5
Forensic signals
-186.1%
ROE
-35.9%
Revenue growth
Financial health / Altman Z-score above is based on book value, not market value — 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.
Focus Universal Inc. earns a D (Weak — demands caution) forensic quality grade, and its Altman Z-score is -1.6, 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 shareholder returns.
What the filings flag
FCF ($5M)
FY2025
Shareholder returns.Returned $494,389 to shareholders (buybacks + dividends) in FY2025, but free cash flow was ($5M) after capex — there was no free cash flow to fund the payout from at all, and operating cash flow itself was negative or zero that year too. The entire return is coming from debt or cash reserves, not cash the business itself generated — a harder case than returns merely running ahead of free cash flow, since here there was none to run ahead of.
-$13.3M
FY2023–FY2025
Cash burn vs. reported loss.Over FY2023–FY2025, the company reported a cumulative net loss of $12.7M against operating cash flow of -$13.3M. Cash burn ran heavier than the reported loss — something outside net income (working capital, a cash item not in the P&L) is consuming cash faster than the loss alone implies.
n/m (sign flip)
FY2024→FY2025
Accruals ratio (% of NOA).Net operating assets flipped from negative to positive FY2024→FY2025 (FY2024 $-0.3M to FY2025 $+0.6M) — 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.
n/m (stock split)
FY2022–FY2025
Share count (stock split).Diluted share count changed -99% over the last 3 years to FY2025, but that includes a large one-time change around FY2023 consistent with a stock split or reverse split, not gradual buybacks or issuance — a split changes the count with NO effect on any holder's proportional ownership, so the raw -77.5%/yr figure isn't a real buyback/dilution read here.
Key fundamentals
Latest Revenue$255,023.00
Revenue Growth YoY-35.9%
Net Margin-1877.4%
Free Cash Flow-$5.1M
Return on Equity-186.1%
Debt / Equity0.03x
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 Focus Universal Inc.:
🔒The written investment read — what the numbers mean, in plain English
🔒Ask anything about FCUV'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
Data from SEC EDGAR public filings · metrics as of Aug 2, 2026. Forensic signals flag probability, not certainty.
Focus Universal Inc. (FCUV) Stock — Forensic Analysis, Red Flags & Rating | Stockonomy · Stockonomy
$458,490
FY2019–FY2019
Goodwill impairments.Took $458,490 of goodwill writedowns across 1 year (FY2019 ($458,490)). Writedowns mean past acquisitions underperformed what was paid for them.