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FreeCast, Inc.

CAST · Technology · $46.2M mkt cap · FY2026 filings · · Shallow moat ·

Doesn't clear the bar

Shallow moat
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The five investor questions

50

2025–2026 (latest 2 aligned FYs; v3 window cap 5): revenue $628149 to $710882, increasing; diluted EPS -0.36 to -0.62, decreasing. Two-year history is scoreable but carries less confidence than a full-cycle record.

70

Median gross margin 63.4% over 2y, variable.

—

Not enough years of ROIC data to score returns on capital.

55

Net cash position — no leverage risk.

43

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

The returnsOnCapital component abstained: Not enough years of ROIC data to score returns on capital. The other four 20% weights were renormalized over the scored 80%.

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
$1.17
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 212% above the zero-growth estimate across 49 of the current top 50 companies by Moat Score with both values.

Score records captured Sep 29, 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.

3 years of fundamentals

The business, in plain English

FreeCast, Inc. booked $710882 of revenue in FY2026 in the Technology sector and kept 82.1% of it as gross profit — a high-margin business by that measure. After every other cost, −1835.0% of each revenue dollar reached the bottom line.

CAST's latest filed year, FY2026, doesn't disclose total debt in a form the methodology can use, so current leverage is treated as unmeasured — never assumed to be zero.

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.

FY2024–FY2026 · 3 fiscal years, normalized from CAST’s SEC filings

Sales, as filed$710882 FY2026
$0$500000202420252026
Revenue kept after cost of goods82.1% FY2026
0%50%202420252026
Standard ROIC or separately labeled Operating ROIC

Exact FY and FY-1 financing invested-capital inputs are required.

Exact FY and FY-1 financing invested-capital inputs are required.

Cash an owner could take out−$13M FY2026
−$10M$0202420252026

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 FreeCast, Inc. makes its money

FreeCast, 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
$710882100%
  • 10-K · FY 2026Filing detailsAccession 0001213900-26-104155 · filed Sep 28, 2026
Cost of revenue$12755618%
  • 10-K · FY 2026Filing detailsAccession 0001213900-26-104155 · filed Sep 28, 2026
$58332682%
  • 10-K · FY 2026Filing detailsAccession 0001213900-26-104155 · filed Sep 28, 2026
−$12.7M−1783%
  • 10-K · FY 2026Filing detailsAccession 0001213900-26-104155 · filed Sep 28, 2026
Income before tax−$13M−1835%
  • 10-K · FY 2026Filing detailsAccession 0001213900-26-104155 · filed Sep 28, 2026
−$13M−1835%
  • 10-K · FY 2026Filing detailsAccession 0001213900-26-104155 · filed Sep 28, 2026
Source:
  • 10-K · FY 2026Filing detailsAccession 0001213900-26-104155 · filed Sep 28, 2026
· event Jun 30, 2026 · retrieved Sep 29, 2026 · annual-row source set

Flagship explainer

What FreeCast, Inc. owns — and owes

FreeCast, Inc.'s filing tags don't support a full breakdown — here's what is filed:

Table alternative
Filed lineValue% of assetsSource
Total assets$9.9M100%
  • 10-K · FY 2026Filing detailsAccession 0001213900-26-104155 · filed Sep 28, 2026
Cash and equivalents$8.9M90%
  • 10-K · FY 2026Filing detailsAccession 0001213900-26-104155 · filed Sep 28, 2026
Stockholders’ equity$2.3M23%
  • 10-K · FY 2026Filing detailsAccession 0001213900-26-104155 · filed Sep 28, 2026
Source:
  • 10-K · FY 2026Filing detailsAccession 0001213900-26-104155 · filed Sep 28, 2026
· event Jun 30, 2026 · retrieved Sep 29, 2026 · annual-row source set

Flagship explainer

What drives FreeCast, 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 equity1003%Tax burden100%net income ÷ pretax incomeInterest burden103%pretax ÷ operating incomeOperating margin−1783%operating income ÷ revenueAsset turnover0.13×revenue ÷ average assetsEquity multiplier-4.34×average assets ÷ average equityAs of 2026-06-30 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com
DuPont source inputs
InputValueFiscal yearSource
−$13MFY2026
  • 10-K · FY 2026Filing detailsAccession 0001213900-26-104155 · filed Sep 28, 2026
Income before tax−$13MFY2026
  • 10-K · FY 2026Filing detailsAccession 0001213900-26-104155 · filed Sep 28, 2026
Operating income−$12.7MFY2026
  • 10-K · FY 2026Filing detailsAccession 0001213900-26-104155 · filed Sep 28, 2026
$710882FY2026
  • 10-K · FY 2026Filing detailsAccession 0001213900-26-104155 · filed Sep 28, 2026
Ending assets$9.9MFY2026
  • 10-K · FY 2026Filing detailsAccession 0001213900-26-104155 · filed Sep 28, 2026
Beginning assets$1.4MFY2025
  • 10-K · FY 2025Filing detailsAccession 0001213900-26-104155 · filed Sep 28, 2026
$2.3MFY2026
  • 10-K · FY 2026Filing detailsAccession 0001213900-26-104155 · filed Sep 28, 2026
−$4.9MFY2025
  • 10-K · FY 2025Filing detailsAccession 0001213900-26-104155 · filed Sep 28, 2026
Source: · event Jun 30, 2026 · retrieved Sep 29, 2026 · annual-row source set
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Flagship explainer

Where FreeCast, Inc.'s cash went

FreeCast, 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−$10M−100%
  • 10-K · FY 2026Filing detailsAccession 0001213900-26-104155 · filed Sep 28, 2026
Depreciation and amortization$176500%
  • 10-K · FY 2026Filing detailsAccession 0001213900-26-104155 · filed Sep 28, 2026
Source:
  • 10-K · FY 2026Filing detailsAccession 0001213900-26-104155 · filed Sep 28, 2026
· event Jun 30, 2026 · retrieved Sep 29, 2026 · annual-row source set

Curated 19-manager tier

Who reported holding FreeCast, 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 Sep 29, 2026

Flagship explainer

What FreeCast, Inc. insiders reported

Records still being gathered — partial as of retrieval Sep 29, 2026.

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

Moat Score history

16 logged readings since Jul 18, 2026 · append-only, never rewritten

Moat Score over timeLast scored reading of each day, on the 0–100 scale54.6 / 100
0406080100WideNarrowShallowNo moatSep 29, 2026

Score history begins Sep 29, 2026 — the record builds forward from here.

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

  1. Not ratedShallow moatSep 29, 2026
  2. Normalizer upgraded unstamped (version unknown)moat-xbrl-normalizer@1.1.0 — readings across versions aren’t comparedJul 26, 2026
  3. Methodology upgraded moat-index@2.0.0moat-index@3.0.0 — readings across versions aren’t comparedJul 23, 2026
  4. 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 Sep 29, 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 CAST; 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 .

Technology context

#240 of 751 scored Technology companies, ranked by Moat Score.

Nearest peers by Moat Score

  1. #238ANKM ANKAM, INC.54.7Shallow moat
  2. #239PSN Parsons Corporation54.6Shallow moat
  3. #241ATKR Atkore Inc.54.5Shallow moat
  4. #242RDVT RED VIOLET, INC.54.5Shallow moat

Compare CAST with its nearest peers →All Technology companies on the Index →

Common questions about CAST

Does FreeCast, Inc. have an economic moat?
Based on its FY2026 SEC filings, the Moat Index scores FreeCast, Inc. (CAST) 54.6 out of 100 — a Shallow 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 50, pricing power 70, returns on capital not measurable from the filings, balance-sheet safety 55, capital allocation 43.
How has CAST's Moat Score changed over time?
The record logs 16 readings since Jul 18, 2026; the latest reads 54.6 out of 100 (shallow moat). Tier changes so far: Not rated → Shallow moat on Sep 29, 2026. (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 CAST. See the disclaimer.