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BESPOKE EXTRACTS, INC.

BSPK · Healthcare · $7807 mkt cap · FY2024 filings · No moat ·

Doesn't clear the bar

No moat
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The five investor questions

57

2021–2024 (latest 4 aligned FYs; v3 window cap 5): revenue $35566 to $1.1M, increasing; diluted EPS -0.19 to -0.10, increasing. 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%.

42

Median gross margin 42.1% over 6y, variable.

0

Median ROIC -463.0%, above the 12% hurdle in 0% of years.

28

Net debt/EBITDA n/ax, interest coverage -17x.

44

Owner earnings changed trend unclear over up to the ten most recent annual observations, share count n/a.

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
$0.00
No price data

This zero-growth estimate assumes trailing owner earnings persist — unreliable for declining businesses. The recent FY revenue series does not trigger the three-consecutive-declines flag.

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.

14 years of fundamentals

The business, in plain English

BESPOKE EXTRACTS, INC. booked $1.1M of revenue in FY2024 in the Healthcare sector and kept 40.5% of it as gross profit — a solid-margin business by that measure. After every other cost, −92.8% of each revenue dollar reached the bottom line.

Across the filed record, revenue grew from $15919 (FY2018) to $1.1M (FY2024) — about 103.1% a year compounded over 6 years.

ROIC is not available for the latest filed year, FY2024. Across the full 3-year measurable filed record, median ROIC was −92.8%. Over the v3 recent window (2 measurable filed years), median ROIC was −463.0%. The Returns on Capital filter above scores it 0/100.

BSPK's latest filed year, FY2024, doesn't disclose total debt in a form the methodology can use, so current leverage is treated as unmeasured — never assumed to be zero.

Put together: Business Trend is the strongest of the five filters (57/100) and Returns on Capital the weakest (0/100), which is how BSPK lands at 34/100 — 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.

FY2011–FY2024 · 14 fiscal years, normalized from BSPK’s SEC filings

Sales, as filed$1.1M FY2024
$0$500000$1M2011201620212024
Revenue kept after cost of goods40.5% FY2024
−50%0%50%2011201620212024
Standard ROIC or separately labeled Operating ROICROIC −41.4% FY2021
−500%0%2011201620212024
Cash an owner could take out−$1M FY2024
−$5M$02011201620212024

Gaps in a line mean that item isn’t in BSPK’s 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 BESPOKE EXTRACTS, INC. makes its money

BESPOKE EXTRACTS, 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
$1.1M100%
Cost of revenue$66451759%
$45293541%
−$994628−89%
Income before tax−$1M−93%
−$1M−93%
Source: · event Dec 31, 2024 · retrieved Jul 26, 2026 · annual-row source set

Flagship explainer

What BESPOKE EXTRACTS, INC. owns — and owes

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

Table alternative
Filed lineValue% of assetsSource
Total assets$359088100%
Cash and equivalents$6030517%
Stockholders’ equity−$2.1M−583%
Source: · event Dec 31, 2024 · retrieved Jul 26, 2026 · annual-row source set

Flagship explainer

What drives BESPOKE EXTRACTS, INC.’s return on equity?

ROE is five filed business factors multiplied together.

DuPont return on equity factor treeReturn on equity branches into tax burden, interest burden, operating margin, asset turnover, and the equity multiplier.Return on equity54%Tax burden100%net income ÷ pretax incomeInterest burden104%pretax ÷ operating incomeOperating margin−89%operating income ÷ revenueAsset turnover3.13×revenue ÷ average assetsEquity multiplier-0.19×average assets ÷ average equityAs of 2024-12-31 · 2 SEC filing sourcesBuy Like Buffett · buylikebuffett.com
DuPont source inputs
InputValueFiscal yearSource
−$1MFY2024
Income before tax−$1MFY2024
Operating income−$994628FY2024
$1.1MFY2024
Ending assets$359088FY2024
Beginning assets$354360FY2023
−$2.1MFY2024
−$1.7MFY2023
Source:
  • SEC filingFiling detailsAccession 0001213900-24-033935
  • SEC filingFiling detailsAccession 0001213900-25-033608
· event Dec 31, 2024 · retrieved Jul 26, 2026 · annual-row source set
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Flagship explainer

Where BESPOKE EXTRACTS, INC.'s cash went

BESPOKE EXTRACTS, 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−$289802−100%
Depreciation and amortization$96373%
Source: · event Dec 31, 2024 · retrieved Jul 26, 2026 · annual-row source set

Curated 19-manager tier

Who reported holding BESPOKE EXTRACTS, INC.

Delayed public 13F reports for 2026-Q1—not live positions, trades, or recommendations.

0 holding0 exited0 not holding0/19 resolved19 unavailable

Named manager positions and quarter-over-quarter changes
ManagerReported positionQuarter-over-quarterFiling accession
Abrams CapitalUnavailableComparison unavailableFiling unavailable
Akre CapitalUnavailableComparison unavailableFiling unavailable
Baupost GroupUnavailableComparison unavailableFiling unavailable
Berkshire HathawayUnavailableComparison unavailableFiling unavailable
Brave Warrior AdvisorsUnavailableComparison unavailableFiling unavailable
Dodge & CoxUnavailableComparison unavailableFiling unavailable
First EagleUnavailableComparison unavailableFiling unavailable
FundsmithUnavailableComparison unavailableFiling unavailable
Gardner Russo & QuinnUnavailableComparison unavailableFiling unavailable
Gates Foundation TrustUnavailableComparison unavailableFiling unavailable
Mairs & PowerUnavailableComparison unavailableFiling unavailable
Markel / Markel-GaynerUnavailableComparison unavailableFiling unavailable
Oakmark / Harris AssociatesUnavailableComparison unavailableFiling unavailable
Pershing SquareUnavailableComparison unavailableFiling unavailable
Polen CapitalUnavailableComparison unavailableFiling unavailable
Sequoia / Ruane CunniffUnavailableComparison unavailableFiling unavailable
Southeastern Asset ManagementUnavailableComparison unavailableFiling unavailable
Tweedy, BrowneUnavailableComparison unavailableFiling unavailable
Yacktman Asset ManagementUnavailableComparison unavailableFiling unavailable

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 unavailable · event Mar 31, 2026 · retrieved Jul 26, 2026

Flagship explainer

What BESPOKE EXTRACTS, INC. insiders reported

Records still being gathered — partial as of retrieval Aug 11, 2026.

Partial coverage: the incomplete Form 4 walk cannot establish no activity, an activity date, or zero counts.

Moat Score history

15 logged readings since Jul 17, 2026 · append-only, never rewritten

Moat Score over timeLast scored reading of each day, on the 0–100 scale34.1 / 100
0406080100WideNarrowShallowNo moatJul 17, 2026Jul 26, 2026

Breaks in the line mark methodology or normalizer upgrades — readings across versions aren’t compared, so a level shift there isn’t a change in the business.

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

  1. Normalizer upgraded unstamped (version unknown)moat-xbrl-normalizer@1.1.0 — readings across versions aren’t comparedJul 26, 2026
  2. Methodology upgraded moat-index@2.0.0moat-index@3.0.0 — readings across versions aren’t comparedJul 23, 2026
  3. Methodology upgraded moat-index@1.2.0moat-index@2.0.0 — readings across versions aren’t comparedJul 20, 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.

This machine-readable surface covers SEC ownership filings from 2003; it does not represent earlier paper-era records.

Records still being gathered — partial as of retrieval Aug 11, 2026.

Trailing-12-month totals and the 90-day cluster result are withheld because this issuer walk is incomplete.

No reported Form 4 rows were captured for BSPK; the incomplete walk cannot establish zero activity, zero counts, or a negative cluster result.

A filing source-event date will appear when a Form 4 row is captured.

Retrieved .

Healthcare context

#483 of 728 scored Healthcare companies, ranked by Moat Score.

Nearest peers by Moat Score

  1. #481INBS Intelligent Bio Solutions Inc.34.2No moat
  2. #482IMRX Immuneering Corporation34.2No moat
  3. #484BDSX BIODESIX INC34.1No moat
  4. #485LAKE Lakeland Industries, Inc.34.0No moat

Compare BSPK with its nearest peers →All Healthcare companies on the Index →

Common questions about BSPK

Does BESPOKE EXTRACTS, INC. have an economic moat?
Based on its FY2024 SEC filings, the Moat Index scores BESPOKE EXTRACTS, INC. (BSPK) 34.1 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 57, pricing power 42, returns on capital 0, balance-sheet safety 28, capital allocation 44.
How has BSPK's Moat Score changed over time?
The record logs 15 readings since Jul 17, 2026; the latest reads 34.1 out of 100 (no moat). No tier changes on record yet. (Methodology or normalizer upgrades on Jul 20, 2026, Jul 23, 2026, Jul 26, 2026 re-based the score; readings across versions aren't compared.) 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 BSPK. See the disclaimer.