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AERKOMM INC.

AKOM · Communications · $807775 mkt cap · FY2025 filings · · No moat ·

Doesn't clear the bar

No moat
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The five investor questions

20

2021–2024 (latest 3 aligned FYs; v3 window cap 5): revenue $3.3M to $1.3M, decreasing; diluted EPS -0.97 to -1.60, decreasing. 1 fiscal year was not jointly reported; CAGR uses the full 3-year elapsed span. Latest-filed diluted EPS remains usable for Business Trend, but an integer share-count change lacks enough evidence to confirm a comparable EPS basis; valuation growth therefore stays at 0%.

0

Median gross margin 5.0% over 6y, variable.

0

Median ROIC -31.2%, above the 12% hurdle in 0% of years.

28

Net debt/EBITDA n/ax, interest coverage -11x.

24

Owner earnings changed trend unclear over up to the ten most recent annual observations.

Price vs. value if growth stopped today

A cautious baseline, not a price target: what the shares may support if normalized owner earnings simply hold steady.

Above value if growth stopped todayBelow value if growth stopped today
No price data
Not reported
Unavailable — insufficient owner-earnings data
Unavailable — insufficient growth-model data
$0.04
No price data

This zero-growth estimate assumes trailing owner earnings persist — unreliable for declining businesses. Flag status unavailable — four adjacent recent FY revenue observations are required.

Among the current top-score group, the median current price is 241% above the zero-growth estimate across 49 of the current top 50 companies by Moat Score with both values.

Score records captured Oct 10, 2026.

Exactly which 50 companies?

FTNT, IBEX, META, MEDP, MSFT, GOOG, LULU, ANF, IDXX, TXRH, FHI, QLYS, FFIV, ADBE, LLY, MANH, CPRT, VEEV, RMD, GRMN, PCTY, EAT, UI, SSD, MNST, DOCS, LRCX, MCO, NTAP, NVDA, CORT, SFM, MPTI, ULTA, SN, ROL, CTAS, PAYC, IRMD, DECK, MORN, INTU, JKHY, TPR, LGCY, DAL, GWW, ISRG, MPWR, LOPE

Missing a usable price or zero-growth estimate: ANF.

Model details under moat-index@3.0.0: zero-growth multiple 11.1×, capped-growth comparison at no more than 18×; 9% discount rate; high-end growth 0% (capped at 4%) using min(5y revenue CAGR, 5y diluted-EPS CAGR), clamped to 0%–4%; maintenance capex uses min(capex, D&A); abstain when D&A is unavailable. This is a disclosed model range, not intrinsic value as fact.

21 years of fundamentals

The business, in plain English

ROIC is not available for the latest filed year, FY2025. Across the full 12-year measurable filed record, median ROIC was −28.3%. Over the v3 recent window (9 measurable filed years), median ROIC was −31.2%. The Returns on Capital filter above scores it 0/100.

The balance sheet carried $1.8M of total debt in FY2025. Balance-Sheet Safety scores it 28/100.

Put together: Balance-Sheet Safety is the strongest of the five filters (28/100) and Pricing Power the weakest (0/100), which is how AKOM lands at 14/100 — a None moat.

This breakdown is generated from the filed numbers and sub-scores above — no outside narrative, no estimates. Where a filing doesn’t disclose an input, the sentence that would need it is omitted instead of guessed.

FY2005–FY2025 · 21 fiscal years, normalized from AKOM’s SEC filings

Sales, as filed$1.3M FY2024
$0$2.5M$5M2005201220192025
Revenue kept after cost of goods14.7% FY2024
−100%0%2005201220192025
Standard ROIC or separately labeled Operating ROICStandard ROIC −316.7% FY2025

Exact FY and FY-1 financing invested-capital inputs are required.. Not meaningful FY2025: invested capital is negative (cash exceeds debt + equity)

−200%0%2005201220192025
Cash an owner could take out−$16M FY2025
−$20M$02005201220192025

The explained ROIC gaps have filed inputs but no meaningful positive invested-capital denominator. Other gaps mean the item is not in the filings for that year. The series is never interpolated or estimated. The Table view lists every filed value, including operating and net margins, total debt, and share count.

Flagship explainer

How AERKOMM INC. makes its money

AERKOMM INC.'s filing does not supply enough comparable lines for a truthful flow chart — here's what is filed:

Table alternative
Filed lineValue% of revenueSource
−$15.2MUnavailable
  • 10-K · FY 2025Filing detailsAccession 0001213900-26-061993 · filed May 28, 2026
Income before tax−$18.3MUnavailable
  • 10-K · FY 2025Filing detailsAccession 0001213900-26-061993 · filed May 28, 2026
Income tax$2400Unavailable
  • 10-K · FY 2025Filing detailsAccession 0001213900-26-061993 · filed May 28, 2026
−$18.3MUnavailable
  • 10-K · FY 2025Filing detailsAccession 0001213900-26-061993 · filed May 28, 2026
Source:
  • 10-K · FY 2025Filing detailsAccession 0001213900-26-061993 · filed May 28, 2026
· event Dec 31, 2025 · retrieved Oct 10, 2026 · annual-row source set

Flagship explainer

What AERKOMM INC. owns — and owes

AERKOMM INC.'s filing tags don't support a full breakdown — here's what is filed:

Table alternative
Filed lineValue% of assetsSource
Total assets$70M100%
  • 10-K · FY 2025Filing detailsAccession 0001213900-26-061993 · filed May 28, 2026
Cash and equivalents$725790%
  • 10-K · FY 2025Filing detailsAccession 0001213900-26-061993 · filed May 28, 2026
$1.8M3%
  • 10-K · FY 2025Filing detailsAccession 0001213900-26-061993 · filed May 28, 2026
Stockholders’ equity−$7.3M−11%
  • 10-K · FY 2025Filing detailsAccession 0001213900-26-061993 · filed May 28, 2026
Source:
  • 10-K · FY 2025Filing detailsAccession 0001213900-26-061993 · filed May 28, 2026
· event Dec 31, 2025 · retrieved Oct 10, 2026 · annual-row source set

Flagship explainer

What drives AERKOMM INC.’s return on equity?

One or more filed inputs needed for the five-factor decomposition are unavailable.

DuPont source inputs
InputValueFiscal yearSource
Net income−$18.3MFY2025
  • 10-K · FY 2025Filing detailsAccession 0001213900-26-061993 · filed May 28, 2026
Income before tax−$18.3MFY2025
  • 10-K · FY 2025Filing detailsAccession 0001213900-26-061993 · filed May 28, 2026
Operating income−$15.2MFY2025
  • 10-K · FY 2025Filing detailsAccession 0001213900-26-061993 · filed May 28, 2026
RevenueUnavailableFY2025
  • 10-K · FY 2025Filing detailsAccession 0001213900-26-061993 · filed May 28, 2026
Ending assets$70MFY2025
  • 10-K · FY 2025Filing detailsAccession 0001213900-26-061993 · filed May 28, 2026
Beginning assets$72.6MFY2024
  • 10-K · FY 2024Filing detailsAccession 0001213900-26-061993 · filed May 28, 2026
Ending equity−$7.3MFY2025
  • 10-K · FY 2025Filing detailsAccession 0001213900-26-061993 · filed May 28, 2026
Beginning equity$8.2MFY2024
  • 10-K · FY 2024Filing detailsAccession 0001213900-26-061993 · filed May 28, 2026
Source: · event Dec 31, 2025 · retrieved Oct 10, 2026 · annual-row source set

Flagship explainer

Where AERKOMM INC.'s cash went

AERKOMM INC.’s filing does not supply enough provenance-matched cash-flow lines for a truthful flow chart — here’s what is filed:

Table alternative
Filed lineValue% of cash from operationsSource
Cash from operations−$5.6M−100%
  • 10-K · FY 2025Filing detailsAccession 0001213900-26-061993 · filed May 28, 2026
Depreciation and amortization$2.2M40%
  • 10-K · FY 2025Filing detailsAccession 0001213900-26-061993 · filed May 28, 2026
Source:
  • 10-K · FY 2025Filing detailsAccession 0001213900-26-061993 · filed May 28, 2026
· event Dec 31, 2025 · retrieved Oct 10, 2026 · annual-row source set

Curated 19-manager tier

Who reported holding AERKOMM INC.

Delayed public 13F reports for 2026-Q2—not live positions, trades, or recommendations.

0 holding0 exited0 not holding0/19 resolved19 not retrieved

Named manager positions and quarter-over-quarter changes
ManagerReported positionQuarter-over-quarterFiling accession
Abrams CapitalNot retrievedComparison not retrievedFiling not retrieved
Akre CapitalNot retrievedComparison not retrievedFiling not retrieved
Baupost GroupNot retrievedComparison not retrievedFiling not retrieved
Berkshire HathawayNot retrievedComparison not retrievedFiling not retrieved
Brave Warrior AdvisorsNot retrievedComparison not retrievedFiling not retrieved
Dodge & CoxNot retrievedComparison not retrievedFiling not retrieved
First EagleNot retrievedComparison not retrievedFiling not retrieved
FundsmithNot retrievedComparison not retrievedFiling not retrieved
Gardner Russo & QuinnNot retrievedComparison not retrievedFiling not retrieved
Gates Foundation TrustNot retrievedComparison not retrievedFiling not retrieved
Mairs & PowerNot retrievedComparison not retrievedFiling not retrieved
Markel / Markel-GaynerNot retrievedComparison not retrievedFiling not retrieved
Oakmark / Harris AssociatesNot retrievedComparison not retrievedFiling not retrieved
Pershing SquareNot retrievedComparison not retrievedFiling not retrieved
Polen CapitalNot retrievedComparison not retrievedFiling not retrieved
Sequoia / Ruane CunniffNot retrievedComparison not retrievedFiling not retrieved
Southeastern Asset ManagementNot retrievedComparison not retrievedFiling not retrieved
Tweedy, BrowneNot retrievedComparison not retrievedFiling not retrieved
Yacktman Asset ManagementNot retrievedComparison not retrievedFiling not retrieved

Position size uses shares and filed value from each manager’s 13F. Portfolio weight uses the eligible long-share filing denominator. Changes compare only with the immediately preceding calendar quarter.

Source: Filing source not retrieved · event Jun 30, 2026 · retrieved Oct 10, 2026

Flagship explainer

What AERKOMM INC. insiders reported

We could not retrieve insider activity for this rendering; no zero-activity claim is shown.

Unavailable: Form 4 activity could not be retrieved for this rendering.

Moat Score history

1 logged reading since Oct 10, 2026 · append-only, never rewritten

Moat Score over timeLast scored reading of each day, on the 0–100 scale14.3 / 100
0406080100WideNarrowShallowNo moatOct 10, 2026

Score history begins Oct 10, 2026 — the record builds forward from here.

Tier changesSame-methodology and same-normalizer crossings of the Wide / Narrow / Shallow bars

None yet — AKOM has read No moat for every logged capture since Oct 10, 2026.

Scores are logged append-only and never overwritten — this record cannot be reconstructed retroactively, which is exactly why it’s worth keeping.

Insider activity

Form 4 reports mix P/S market or private transactions with compensation-plan mechanics. Activity casually described as “insider selling” can include compensation mechanics; awards, tax withholding, and option exercises are shown by their exact filed class here, never collapsed into “Bought” or “Sold.”

These are disclosed filing facts and arithmetic aggregates, not a signal or verdict.

The insider-filing service is temporarily unavailable, so no partial or guessed answer is shown for AKOM.

Communications context

#134 of 136 scored Communications companies, ranked by Moat Score.

Nearest peers by Moat Score

  1. #132GTN Gray Media, Inc.15.0No moat
  2. #133SALM SALEM MEDIA GROUP, INC.15.0No moat
  3. #135NUVR NUVERA COMMUNICATIONS, INC.13.6No moat
  4. #136SSP THE E.W. SCRIPPS COMPANY9.8No moat

Compare AKOM with its nearest peers →All Communications companies on the Index →

Common questions about AKOM

Does AERKOMM INC. have an economic moat?
Based on its FY2025 SEC filings, the Moat Index scores AERKOMM INC. (AKOM) 14.3 out of 100 — below the Shallow-moat bar, so no moat. The five questions behind that score begin at 20% each; if exactly one genuinely lacks data, the other four weights are renormalized and disclosed. revenue and EPS trend 20, pricing power 0, returns on capital 0, balance-sheet safety 28, capital allocation 24.
How has AKOM's Moat Score changed over time?
The record logs 1 reading since Oct 10, 2026; the latest reads 14.3 out of 100 (no moat). No tier changes on record yet. The history is append-only — readings are only ever added, never rewritten.

Scored from primary SEC filings via the public methodology. Educational only — not a recommendation to buy or sell AKOM. See the disclaimer.