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NETBRANDS CORP.

NBND · Other · FY2025 filings · · No moat ·

Doesn't clear the bar

No moat
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The five investor questions

10

2022–2025 (latest 3 aligned FYs; v3 window cap 5): revenue $1.6M to $18265, decreasing; diluted EPS -0.07 to -0.02, increasing. 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%.

26

Median gross margin 31.2% over 8y, variable.

—

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

28

Net debt/EBITDA n/ax, interest coverage -1x.

24

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
Unavailable — no recent price
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 254% above the zero-growth estimate across 49 of the current top 50 companies by Moat Score with both values.

Score records captured Oct 20, 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.

10 years of fundamentals

The business, in plain English

NETBRANDS CORP. booked $18265 of revenue in FY2025 in the Other sector and kept 52.0% of it as gross profit — a solid-margin business by that measure. After every other cost, −9285.2% of each revenue dollar reached the bottom line.

Across the filed record, revenue shrank from $1.3M (FY2017) to $18265 (FY2025) — about −41.3% a year compounded over 8 years.

NBND's latest filed year, FY2025, 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.

FY2016–FY2025 · 10 fiscal years, normalized from NBND’s SEC filings

Sales, as filed$18265 FY2025
$0$1M$2M2016201920222025
Revenue kept after cost of goods52.0% FY2025
0%20%40%2016201920222025
Standard ROIC or separately labeled Operating ROICStandard ROIC −127.4% FY2018

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

−100%−50%0%2016201920222025
Cash an owner could take out−$1.7M FY2025
−$20M$02016201920222025

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 NETBRANDS CORP. makes its money

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

Table alternative
Filed lineValue% of revenueSource
$18265100%
  • 10-K · FY 2025Filing detailsAccession 0001493152-26-016806 · filed Apr 15, 2026
Cost of revenue$877548%
  • 10-K · FY 2025Filing detailsAccession 0001493152-26-016806 · filed Apr 15, 2026
$949052%
  • 10-K · FY 2025Filing detailsAccession 0001493152-26-016806 · filed Apr 15, 2026
−$573557−3140%
  • 10-K · FY 2025Filing detailsAccession 0001493152-26-016806 · filed Apr 15, 2026
Income before tax−$1.7M−9285%
  • 10-K · FY 2025Filing detailsAccession 0001493152-26-016806 · filed Apr 15, 2026
−$1.7M−9285%
  • 10-K · FY 2025Filing detailsAccession 0001493152-26-016806 · filed Apr 15, 2026
Source:
  • 10-K · FY 2025Filing detailsAccession 0001493152-26-016806 · filed Apr 15, 2026
· event Dec 31, 2025 · retrieved Oct 20, 2026 · annual-row source set

Flagship explainer

What NETBRANDS CORP. owns — and owes

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

Table alternative
Filed lineValue% of assetsSource
Total assets$102185100%
  • 10-K · FY 2025Filing detailsAccession 0001493152-26-016806 · filed Apr 15, 2026
Cash and equivalents$42974%
  • 10-K · FY 2025Filing detailsAccession 0001493152-26-016806 · filed Apr 15, 2026
Stockholders’ equity−$2.4M−2362%
  • 10-K · FY 2025Filing detailsAccession 0001493152-26-016806 · filed Apr 15, 2026
Source:
  • 10-K · FY 2025Filing detailsAccession 0001493152-26-016806 · filed Apr 15, 2026
· event Dec 31, 2025 · retrieved Oct 20, 2026 · annual-row source set

Flagship explainer

What drives NETBRANDS CORP.’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 equity71%Tax burden100%net income ÷ pretax incomeInterest burden296%pretax ÷ operating incomeOperating margin−3140%operating income ÷ revenueAsset turnover0.35×revenue ÷ average assetsEquity multiplier-0.02×average assets ÷ average equityAs of 2025-12-31 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com
DuPont source inputs
InputValueFiscal yearSource
−$1.7MFY2025
  • 10-K · FY 2025Filing detailsAccession 0001493152-26-016806 · filed Apr 15, 2026
Income before tax−$1.7MFY2025
  • 10-K · FY 2025Filing detailsAccession 0001493152-26-016806 · filed Apr 15, 2026
Operating income−$573557FY2025
  • 10-K · FY 2025Filing detailsAccession 0001493152-26-016806 · filed Apr 15, 2026
$18265FY2025
  • 10-K · FY 2025Filing detailsAccession 0001493152-26-016806 · filed Apr 15, 2026
Ending assets$102185FY2025
  • 10-K · FY 2025Filing detailsAccession 0001493152-26-016806 · filed Apr 15, 2026
Beginning assets$1600FY2024
  • 10-K · FY 2024Filing detailsAccession 0001493152-26-016806 · filed Apr 15, 2026
−$2.4MFY2025
  • 10-K · FY 2025Filing detailsAccession 0001493152-26-016806 · filed Apr 15, 2026
−$2.4MFY2024
  • 10-K · FY 2024Filing detailsAccession 0001493152-26-016806 · filed Apr 15, 2026
Source: · event Dec 31, 2025 · retrieved Oct 20, 2026 · annual-row source set
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Flagship explainer

Where NETBRANDS CORP.'s cash went

NETBRANDS CORP.’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−$336907−100%
  • 10-K · FY 2025Filing detailsAccession 0001493152-26-016806 · filed Apr 15, 2026
Depreciation and amortization$92503%
  • 10-K · FY 2025Filing detailsAccession 0001493152-26-016806 · filed Apr 15, 2026
Source:
  • 10-K · FY 2025Filing detailsAccession 0001493152-26-016806 · filed Apr 15, 2026
· event Dec 31, 2025 · retrieved Oct 20, 2026 · annual-row source set

Curated 19-manager tier

Who reported holding NETBRANDS CORP.

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 20, 2026

Flagship explainer

What NETBRANDS CORP. insiders reported

The complete Form 4 source snapshot retrieved on Oct 20, 2026 contains no transaction rows.

Verified empty: the retrieved source snapshot contains no transaction event.

Source snapshot retrieved 2026-10-20T07:00:04.208Z · SEC Form 4

Moat Score history

16 logged readings since Sep 4, 2026 · append-only, never rewritten

Moat Score over timeLast scored reading of each day, on the 0–100 scale21.9 / 100
0406080100WideNarrowShallowNo moatSep 4, 2026Oct 20, 2026

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

None yet — NBND has read No moat for every logged capture since Sep 4, 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.

No reported Form 4 transactions were found in the complete checked issuer window for NBND, –. The totals and cluster result below are arithmetic over that certified window.

$0
P purchases minus S sales only, Oct 21, 2025–Oct 21, 2026.
0 P / 0 S
Only P and S are included; awards, gifts, exercises, withholding, and other mechanics are excluded.
No
Requires at least 3 distinct insiders with P purchases.

Transaction-code histogram

Supporting event counts for the same certified window, Oct 21, 2025–Oct 21, 2026.

P
0
S
0
A
0
F
0
M
0
G
0
C
0
J
0
W
0

Retrieved .

Other context

#98 of 104 scored Other companies, ranked by Moat Score.

Nearest peers by Moat Score

  1. #96MGTI MGT CAPITAL INVESTMENTS, INC.24.0No moat
  2. #97FFR AIxCrypto Holdings, Inc.22.7No moat
  3. #99CORZ Core Scientific, Inc./tx21.2No moat
  4. #100ORBS Eightco Holdings Inc.20.8No moat

Compare NBND with its nearest peers →All Other companies on the Index →

Common questions about NBND

Does NETBRANDS CORP. have an economic moat?
Based on its FY2025 SEC filings, the Moat Index scores NETBRANDS CORP. (NBND) 21.9 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 10, pricing power 26, returns on capital not measurable from the filings, balance-sheet safety 28, capital allocation 24.
How has NBND's Moat Score changed over time?
The record logs 16 readings since Sep 4, 2026; the latest reads 21.9 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 NBND. See the disclaimer.