Forensic Analysis · Consumer Staples / Food & Beverage · as of Oct 24, 2026
Lqr House Inc. (YHC)
A forensic read on Lqr House 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
Grey Zone
Financial health
6.0
Distress distance
Clean
Earnings quality
3
Forensic signals
-177.2%
ROE
-37.4%
Revenue growth
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). 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.
Lqr House Inc. earns an F (Poor — capital at risk) forensic quality grade, and its balance-sheet distress test reads 6.0, placing it in the Grey zone. 3 forensic signals were flagged in its latest SEC filings, led by shareholder returns.
What the filings flag
OCF ($7M)
FY2024
Shareholder returns.Returned $547,415 to shareholders (buybacks + dividends) in FY2024, while operating cash flow itself was ($7M) — zero or negative. Capex isn't disclosed for FY2024, but free cash flow can't have been positive when operating cash flow already isn't, so the entire return is coming from debt or cash reserves, not cash the business generated.
n/m (sign flip)
FY2024→FY2025
Accruals ratio (% of NOA).Net operating assets flipped from negative to positive FY2024→FY2025 (FY2024 $-5.9M to FY2025 $+30.5M) — 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.
124% of rev
FY2025
Stock-based comp load.Stock-based compensation ran 124% of revenue in FY2025 — about $0.27 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 4518.6% 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.
Key fundamentals
Latest Revenue$1.6M
Revenue Growth YoY-37.4%
Revenue CAGR (2yr)+18.2%
Net Margin-1631.0%
Free Cash Flow-$34.2M
Return on Equity-177.2%
Debt / Equity0.25x
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 Lqr House Inc.'s actual 10-K/10-Q/8-K filings?