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Research & education only — not financial advice.TENK is not a registered investment adviser; calls are impersonal, generated from SEC filings and a delayed/third-party price feed, and may be wrong or out of date. The operator and an affiliated trading operation may hold or trade the securities TENK rates — see Disclosures. Do your own research.

EDGAR® is a registered trademark of the U.S. Securities and Exchange Commission. TENK/calls is an independent service and is not affiliated with, endorsed by, or approved by the U.S. Securities and Exchange Commission.

TTENK/calls
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TTENK/calls
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Home›Stocks›NBND
NBND logo

NBND

NetBrands Corp.

Next earnings Jul 29, 2026

Avoid
$0.00
▲ 0.00%
$0.00▼ -95.00%
over 1Y
L $0.00H $0.01
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today+0.0%
1W-0.0%
1M-40.0%
3M-62.5%
YTD-76.9%
1Y-95.0%
OverviewFinancialsValuationQualityTimelineFilings
Rating
Avoid
Quality
F
Valuation
Fair value
Filings
Flagged
Avoid
Conviction
Horizon
Medium (3–12mo)

High return on equity (70.3%); but revenue fell -97.2% YoY.

Revenue (FY2025) $18.3K · FY2025

NetBrands Corp. shows $18.3K in FY2025 revenue (-97.2% YoY), a -9285.2% net margin, and 70.3% ROE.

Supporting the case: high return on equity (70.3%); conservative balance sheet (liabilities/equity -1.04x).

Is NBND a buy? The one-page verdict, explained →

The options angle

model · matches our verdict
Bear put spread (caution)~60d expiry
  • Long put 0 @ ~0.00 est
  • Short put 0 @ ~0.00 est
debit $0max +$0max $0

AVOID means we wouldn't engage at all — if expressing the short side anyway, only with capped risk.

Open in the calculator →

Educational template, not a trade recommendation. Strikes and premiums are Black-Scholes model estimates from the last close and 30-day realized volatility — real chains, spreads and IV will differ. Options involve substantial risk.

Financials · annual, by fiscal year

Line itemFY21FY22FY23FY24FY25
Revenue$2.67M$1.64M$645K—$18.3K
Gross profit$1.04M$408K$165K—$9.49K
Operating income-$1.20M-$1.07M-$915K-$798K-$574K
Net income-$1.21M-$1.09M-$1.32M-$1.29M-$1.70M
Diluted EPS—-$0.07-$0.08-$0.06-$0.02
Net margin-45.5%-66.1%-205.0%—-9285.2%

Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.

Key statistics

Valuation

Enterprise value$104K
EV / EBITDA—
EV / Sales5.7
EV / FCF—
P / FCF—
PEG (trailing)—
Earnings yield-1564.3%
FCF yield-356.9%

Quality & risk

ROIC (est.)—
Free cash flow-$387K
Total debt$0.00
Net cash$4.30K
Altman Z-Score-493.21 distress
Piotroski F-Score4/9

Capital returns

Buyback yield41.5%
Dividend yield (est.)—
Shareholder yield41.5%
Shares Δ YoY+451.8%

Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.

Disclosure timeline

SEC · 8-Ks + reports
Red flag in recent filings — late filing notice (2026-03-31). Worth a closer look.
  1. 10-Q Quarterly report2026-05-13
  2. 10-K Annual report2026-04-15
  3. 8-K Auditor change2026-04-01
  4. NT 10-K Late filing notice2026-03-31
  5. 8-K Material agreement2025-11-05
  6. 10-Q Quarterly report2025-11-04
  7. 8-K Charter / bylaws change2025-09-10
  8. 10-Q Quarterly report2025-07-31
  9. 8-K Material agreement2025-07-29

Recent filings

all on EDGAR ↗
PRE 14CPeriod ending 2026-06-122026-06-12open ↗10-QPeriod ending 2026-03-312026-05-13open ↗10-KPeriod ending 2025-12-312026-04-15open ↗8-KPeriod ending 2026-03-312026-04-01open ↗NT 10-KPeriod ending 2025-12-312026-03-31open ↗DEF 14CPeriod ending 2026-03-062026-03-06open ↗PRE 14CPeriod ending 2026-02-132026-02-13open ↗8-KPeriod ending 2025-10-292025-11-05open ↗10-QPeriod ending 2025-09-302025-11-04open ↗144Filing2025-10-03open ↗8-KPeriod ending 2025-09-082025-09-10open ↗DEF 14CPeriod ending 2025-08-012025-08-01open ↗

Quality score

F
ValueGrowthProfitHealthMom.
ValueC
GrowthF
ProfitabilityF
Financial healthF
MomentumF
  • ✗Revenue growing year-over-year
  • ✗Profitable (positive net income)
  • ✗Net margin above 10%
  • ✓Liabilities below 2× equity
0.0052-week0.01
Revenue
$18.3K
-97.2% YoY
Net margin
-9285.2%
ROE
—
P/E
—

SEC fundamentals · FY 2025

'21'22'23'24'25

■ revenue · ■ net income, by fiscal year

Revenue$18.3K-97.2%
Net income-$1.70M-31.9%
Gross profit$9.49K-94.2%
Operating income-$574K+28.1%
Diluted EPS-$0.02+66.7%
Cash & equivalents$4.30K+324.2%
Total assets$102K+6286.6%
Total liabilities$2.52M+5.8%
Stockholders' equity-$2.41M-1.6%
Gross: 52.0%Op.: -3140.2%L/E: -1.04x

Frequently asked

Is NetBrands Corp. (NBND) a buy?
NBND currently carries a Avoid rating with 3/5 conviction, derived from its latest SEC filings. High return on equity (70.3%); but revenue fell -97.2% YoY.
What is NetBrands Corp.'s quality score?
NBND scores 26.493750000000002/100 (grade F) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.

Sources: SEC EDGAR (CIK 0001725911, latest 10-Q filed 2026-05-13) · EODHD · as of 6/23/2026, 1:55:26 AM.

›About this recommendation — produced by TENK/calls (tenkcalls.com), Luxembourg · not investment advice

Rule-based analysis, generated automatically from SEC filing data.

Investment recommendation produced by TENK/calls (tenkcalls.com), Luxembourg. Completed Jun 22, 2026, 9:55 PM ET. Ratings & methodology: definitions · All recommendations to date: track record · Conflicts: disclosures. Not investment advice.

Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.

Insider activity

Form 4 · SEC
2024-08-29
Adler Paul
Chairman and CEO
Acquired (I)2.48M @ $0.07$179K
2022-04-25
Williams Sandra G.
Director
Award75.0K
2022-04-25
Cascione Michael
Director
Award75.0K
2022-04-25
NATAN DAVID
Director
Award100K
2022-04-25
Donegan James Curtis
Director
Award100K
2021-09-17
Adler Paul
CEO, President, Secretary
Sell50.0K @ $0.76$38.2K
2021-09-14
Adler Paul
CEO, President, Secretary
Sell4.11K @ $1.46$6.00K
2021-09-14
Adler Paul
CEO, President, Secretary
Sell5.00K @ $1.48$7.38K
2021-09-14
Adler Paul
CEO, President, Secretary
Sell5.00K @ $1.52$7.62K
2021-06-09
Adler Paul
CEO, President, Secretary
Sell1.20M @ $2.00$2.39M

Vs tracked universe

compare →

1195 tracked peers · median

TENK Score26 vs 67
Revenue growth-97.2% vs 7.5%
Net margin-9285.2% vs 10.0%
Return on equity— vs 12.0%
P/E— vs 26.2