2025–2026 (latest 2 aligned FYs; v3 window cap 5): revenue $7M to $14.8M, increasing; diluted EPS -5106.44 to -8108.26, decreasing. Two-year history is scoreable but carries less confidence than a full-cycle record.
32
Median gross margin 16.0% over 2y, very stable.
—
Not enough years of ROIC data to score returns on capital.
55
Net cash position — no leverage risk.
44
Owner earnings changed trend unclear over up to the ten most recent annual observations, share count n/a.
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
$2.09
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.
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
EXASCALE LABS HOLDINGS INC. booked $14.8M of revenue in FY2026 in the Technology sector and kept 16.3% of it as gross profit — a thin-margin business by that measure. After every other cost, −82.1% of each revenue dollar reached the bottom line.
XLAB'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 XLAB’s SEC filings
Sales, as filed$14.8M FY2026Revenue kept after cost of goods16.3% FY2026Standard 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−$12.2M FY2026
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 EXASCALE LABS HOLDINGS INC. makes its money
EXASCALE LABS HOLDINGS INC.'s filing does not supply enough comparable lines for a truthful flow chart — here's what is filed:
· event Jun 30, 2026 · retrieved Sep 29, 2026 · annual-row source set
Curated 19-manager tier
Who reported holding EXASCALE LABS HOLDINGS 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
Manager
Reported position
Quarter-over-quarter
Filing accession
Abrams Capital
Not retrieved
Comparison not retrieved
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Akre Capital
Not retrieved
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Baupost Group
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Berkshire Hathaway
Not retrieved
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Brave Warrior Advisors
Not retrieved
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Dodge & Cox
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First Eagle
Not retrieved
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Fundsmith
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Gardner Russo & Quinn
Not retrieved
Comparison not retrieved
Filing not retrieved
Gates Foundation Trust
Not retrieved
Comparison not retrieved
Filing not retrieved
Mairs & Power
Not retrieved
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Filing not retrieved
Markel / Markel-Gayner
Not retrieved
Comparison not retrieved
Filing not retrieved
Oakmark / Harris Associates
Not retrieved
Comparison not retrieved
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Pershing Square
Not retrieved
Comparison not retrieved
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Polen Capital
Not retrieved
Comparison not retrieved
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Sequoia / Ruane Cunniff
Not retrieved
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Southeastern Asset Management
Not retrieved
Comparison not retrieved
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Tweedy, Browne
Not retrieved
Comparison not retrieved
Filing not retrieved
Yacktman Asset Management
Not retrieved
Comparison not retrieved
Filing 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 EXASCALE LABS HOLDINGS INC. insiders reported
The complete Form 4 source snapshot retrieved on Sep 29, 2026 contains no transaction rows.
Verified empty: the retrieved source snapshot contains no transaction event.
Source snapshot retrieved 2026-09-29T07:00:12.736Z · SEC Form 4
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 scale45.2 / 100
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
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 XLAB, –. The totals and cluster result below are arithmetic over that certified window.
$0
P purchases minus S sales only, Sep 30, 2025–Sep 30, 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, Sep 30, 2025–Sep 30, 2026.
P
0
S
0
A
0
F
0
M
0
G
0
C
0
J
0
W
0
Retrieved .
Technology context
#382 of 751 scored Technology companies, ranked by Moat Score.
Does EXASCALE LABS HOLDINGS INC. have an economic moat?
Based on its FY2026 SEC filings, the Moat Index scores EXASCALE LABS HOLDINGS INC. (XLAB) 45.2 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 32, returns on capital not measurable from the filings, balance-sheet safety 55, capital allocation 44.
How has XLAB's Moat Score changed over time?
The record logs 16 readings since Jul 18, 2026; the latest reads 45.2 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 XLAB. See the disclaimer.