Forensic Analysis · Hospitality & Leisure · as of Oct 3, 2026
Aureus Greenway Holdings Inc (PUSA)
A forensic read on Aureus Greenway 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
16.6
Distress distance
Watch
Earnings quality
4
Forensic signals
-11.2%
ROE
-10.1%
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.
Aureus Greenway Holdings Inc earns an F (Poor — capital at risk) forensic quality grade, and its balance-sheet distress test reads 16.6, 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). 4 forensic signals were flagged in its latest SEC filings, led by accruals ratio (% of noa).
What the filings flag
+127.3%
FY2024→FY2025
Accruals ratio (% of NOA).Net operating assets grew +127.3% 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. The build is led by receivables up +115% against revenue -10% and PP&E up +28% against revenue -10%. 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 127.3%. 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.
-72.7%
FY2025
Return on invested capital.Return on invested capital is -72.7% in the latest fiscal year, against -10.0% in FY2024. After-tax operating profit was ($143,805) in FY2024 and ($3M) in FY2025, with operating income at -5.5% of revenue in FY2024 and -148.6% in FY2025. The capital base behind it cannot be compared across FY2024–FY2025: short-term debt and long-term debt are 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.
+27.4%/yr
FY2024–FY2025
Share-count dilution.Diluted share count changed +27% over the last 1 year to FY2025 (+27.4%/yr). The count is growing — 10.9M shares in FY2024, 13.9M in FY2025: more stock was issued than repurchased over this window, so aggregate results grew faster than their per-share equivalents. That's ~27.4% 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 ~21%.
Key fundamentals
Latest Revenue$3.0M
Revenue Growth YoY-10.1%
Net Margin-124.0%
Free Cash Flow-$3.1M
Return on Equity-11.2%
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 Aureus Greenway Holdings Inc's actual 10-K/10-Q/8-K filings?
Stock-based comp load.Stock-based compensation ran 64% of revenue in FY2025 — about $0.14 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 27.4% a year across FY2024–FY2025, 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.