Forensic Analysis · Energy / Oil & Gas · as of Jun 27, 2026
New ERA Energy & Digital, Inc. (NUAI)
A forensic read on New ERA Energy & Digital, 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
-20.6
Altman Z-score
Clean
Earnings quality
4
Forensic signals
-128.3%
ROE
$600M
Market cap
New ERA Energy & Digital, Inc. earns a D (Weak — demands caution) forensic quality grade, and its Altman Z-score is -20.6, placing it in the Distress zone. 4 forensic signals were flagged in its latest SEC filings, led by accruals ratio.
What the filings flag
+249.8%Accruals ratio.Net operating assets grew +249.8% relative to their average in FY2025 — the accrual component of earnings. Accruals are building sharply — a large slice of profit sits in operating assets, not cash; Richardson/Sloan link high accruals to weaker future returns as they reverse. The cash-flow cross-check agrees: reported earnings ran behind operating cash by -512% of net operating assets.
-143%Return on invested capital.Return on invested capital is -143% and slipping from -6% — well below its ~8% cost of capital, so reinvested dollars may be destroying value, not building it.
+183.8%/yrShare-count dilution.Diluted share count changed +368% over the last 2 years to FY2025 (+183.8%/yr). The count is GROWING — existing holders are being diluted. That's ~183.8% 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 FY2023 has been diluted ~368%.
110% of revStock-based comp load.Stock-based compensation ran 110% of revenue in FY2025 — about $0.03 per diluted share. Meaningful — reported free cash flow flatters the economics, since SBC is a real cost paid in shares.
Key fundamentals
Net Margin-3341.5%
Free Cash Flow$-13.4M
Latest Revenue885400.00
Revenue Growth YoY+66.2%
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 New ERA Energy & Digital, Inc.:
🔒The written investment read — what the numbers mean, in plain English
🔒Ask anything about NUAI'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