Forensic Analysis · Retail / Consumer Discretionary · as of Sep 17, 2026
Inno Holdings Inc. (INHD)
A forensic read on Inno Holdings 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
Safe
Financial health
13.2
Distress distance
Clean
Earnings quality
5
Forensic signals
-46.7%
ROE
221.4%
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.
Inno Holdings Inc. earns an F (Poor — capital at risk) forensic quality grade, and its balance-sheet distress test reads 13.2, placing it in the Safe 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
-63.2%
FY2025
Return on invested capital.Return on invested capital is -63.2% in the latest fiscal year, against -38% in FY2024 — below the ~9% cost of capital we hold this sector to. If that gap persists through the cycle, incremental reinvestment reduces rather than creates value per share. The capital base behind it cannot be compared across FY2024–FY2025: long-term debt is tagged in one of those two fiscal years and not the other, and an untagged line enters this calculation as zero, so any change in the base would be a change in what the filer tagged.
+91.9%
FY2024→FY2025
Accruals ratio (% of NOA).Net operating assets grew +91.9% 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, and much of it is accounted for. The build is led by inventory up +533% on the year. That build tracks a +221% revenue year: net operating assets grew +170%, so the balance sheet is carrying more volume rather than getting heavier per dollar of sales — the accrual build is funding demand the company is shipping, not earnings running ahead of collection. A cash-flow measure on the same base disagrees: reported earnings ran behind operating cash by 67% of net operating assets, against an accruals ratio of 91.9%. 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. Read them as two results, not one.
n/m (stock split)
FY2023–FY2025
Share count (stock split).Diluted share count changed +198% over the last 2 years to FY2025, but that includes a large one-time change around FY2025 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 +72.5%/yr figure isn't a real buyback/dilution read here.
Key fundamentals
Latest Revenue$2.8M
Revenue Growth YoY+221.4%
Net Margin-248.7%
Return on Equity-46.7%
Debt / Equity0.01x
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 Inno Holdings Inc.'s actual 10-K/10-Q/8-K filings?
Data from SEC EDGAR public filings · metrics as of Sep 17, 2026. Forensic signals flag probability, not certainty.
Inno Holdings Inc. (INHD) Stock — Forensic Analysis, Red Flags & Rating | Stockonomy · Stockonomy
77% of rev
FY2025
Stock-based comp load.Stock-based compensation ran 77% of revenue in FY2025 — about $0.40 per diluted share. No cash left the business to pay it, which is why operating cash flow adds it back. Net of repurchases the diluted count still rose about 11.4% a year, above the level at which the count is a material claim on a stake, and only one year's change is on file — enough to state what a holder gave up, not enough to say whether the rate is climbing or coming down. Stock compensation is one source of that issuance; acquisition consideration, equity raises, convertibles and other employee plans also net into the count, and these figures do not separate them.
$3,514
FY2025–FY2025
Goodwill impairments.Took $3,514 of goodwill writedowns across 1 year (FY2025 ($3,514)). Writedowns mean past acquisitions underperformed what was paid for them.