CFOR · CapForce Inc. · Financials
The latest filing states the doubt was alleviated.
“The Company believes that its current cash resources, together with its access to additional capital under this agreement, will be sufficient to fund operations for at least 12 months from the issuance date of these financial statements.”View the 10-Q filed Aug 19, 2026
2 customers — 79% of receivables (March 31, 2026)
“At March 31, 2026, the Company had accounts receivable from two customers that individually represented 79% and 20% of total accounts receivable, respectively.”
2 customers — 20% of receivables (March 31, 2026)
“At March 31, 2026, the Company had accounts receivable from two customers that individually represented 79% and 20% of total accounts receivable, respectively.”
2 customers — 80% of receivables (December 31, 2025)
“At December 31, 2025, the Company had accounts receivable from two customers that individually represented 80% and 19% of total accounts receivable, respectively.”
2 customers — 19% of receivables (December 31, 2025)
“At December 31, 2025, the Company had accounts receivable from two customers that individually represented 80% and 19% of total accounts receivable, respectively.”
Income-statement, balance-sheet and cash-flow figures from SEC filings, plus a debt profile anchored in the latest 10-K and updated by each 10-Q and debt exhibit.
Chart any reported metric, KPI or segment over time — the full statement history lives here
| Line Item | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $76.2M | $30.2M | $5.2M | $3.42MG | $2.61M | $4.31M | $4.21M | $3.5M | $2.95M | $3.21M | $4.03M | $3.16M | $4.13M | |
| $2.56M | — | — | $3.08M | $3.32M | $2.3M | — | — | — | $1.61M | $1.66M | $1.18M | $425.54K | |
| $108.09K | — | — | $334.25K | -$712.29K | $2.01M | — | — | — | $1.6M | $2.37M | $1.98M | $3.7M | |
| — | — | — | 9.78% | -27.32% | 46.68% | — | — | — | 49.77% | 58.8% | 62.64% | 89.69% | |
| — | $6585 | $48.82K | $4.73M | $8.17M | $10.91M | $9.96M | $5.12M | $5.68M | $6.88M | $8.61M | $6M | $4.37M | |
| $5677 | $12.42K | $172.24K | $2.78M | $4.34M | $3.71M | $3.09M | $1.46M | $1.53M | $2.77M | $5.53M | $4.31M | $2.06M | |
| $3.54M | $3.13M | $4.54M | $8.08M | $8.88M | $9.94M | $8.8M | $6.25M | $7.07M | $6.69M | $6.6M | $5.83M | $2.31M | |
| — | — | $0 | $624.24K | $725.06K | $8131.84 | $672.82K | $267.82K | $267.82K | $267.82K | $267.82K | $124.19K | $57.59K | |
| $200.47K | $191.49K | $174.77K | $1.32M | $1.64M | $2.71M | $2.33M | $921.38K | $730.88K | $669.09K | $656.05K | $624.65K | $573.92K | |
| $23.54M | — | — | — | — | — | — | — | — | — | — | $18.22M | $9.69M | |
| $11.57M | $6.17M | $4.87M | $34.17M | $37.17M | $27.58M | $26.93M | $15.77M | $16.13M | $18.48M | $23.04M | $18.22M | — | |
| $64.63M | $24.03M | $324.72K | -$30.75M | -$34.57M | -$23.27M | -$22.72M | -$12.27M | -$13.18M | -$15.27M | -$19.01M | -$15.06M | -$5.56M | |
| — | 79.56% | 6.25% | -899.53% | -1325.79% | -540.48% | -539.06% | -350.75% | -447.35% | -475.42% | -472.2% | -476.9% | -134.86% | |
| $64.83M | $24.22M | $499.49K | -$29.43M | -$32.92M | -$20.56M | -$20.38M | -$11.35M | -$12.45M | -$14.6M | -$18.35M | -$14.43M | -$4.99M | |
| $9393 | $11.25K | $7555 | $1.84M | $3.26M | $4.8M | $3.4M | $187.55K | $191.2K | $233.51K | $143.35K | $1.8M | $111.35K | |
| — | — | — | — | — | — | — | — | — | — | — | $26.66K | $156 | |
| $366.34K | $405.79K | $11.84M | -$1.92M | -$2.72M | -$11.49M | -$3.36M | -$175.21K | -$187.86K | -$153.52K | -$157.42K | -$2.42M | -$106.79K | |
| $65M | $24.43M | $12.17M | -$32.67M | -$37.28M | -$34.76M | -$26.08M | -$12.45M | -$13.37M | -$15.42M | -$19.17M | -$17.48M | -$5.67M | |
| — | $813.81K | $176.66K | — | — | $43.83K | $132.4K | $0 | $0 | $0 | $0 | -$129.1K | $0 | |
| $62.28M | $23.62M | $11.99M | -$32.67M | -$37.28M | -$34.81M | -$26.21M | -$12.45M | -$13.37M | -$15.42M | -$19.17M | -$17.35M | -$5.67M | |
| — | 78.21% | 230.8% | -955.69% | -1429.96% | -808.3% | -621.93% | -355.75% | -453.72% | -480.2% | -476.11% | -549.51% | -137.44% | |
| $61.95M | $23.48M | $11.36M | -$32.67M | -$37.28M | -$41.97M | -$26.21M | — | — | -$15.42M | -$19.5M | -$17.6M | -$6.3M | |
| $62.28M | $23.62M | $11.99M | -$31.95M | -$38.66M | -$36.77M | -$23.65M | -$12.45M | -$13.36M | -$15.45M | -$19.16M | -$17.35M | -$5.67M | |
| USD/shares | $5.37 | $2.33 | $2.44 | -$41.47 | -$152.70 | -$228.90 | — | — | — | — | — | — | — |
| USD/shares | $5.34 | $2.32 | $2.30 | -$41.47 | -$152.70 | -$228.90 | — | — | — | — | — | — | — |
| shares | — | 10.08M | 4.66M | 787.83K | 244.16K | 183.37K | 79K | 8084.695 | 1502.265 | 7868.845 | 3533.51 | 39.9K | 1937.95 |
| shares | — | 10.13M | 5.22M | 787.83K | 244.16K | 183.37K | 79K | 8084.695 | 1502.265 | 7868.845 | 3533.51 | 39.9K | 1937.95 |
Debt Profile
Reported borrowing balances, repayment dates and agreement terms, with links to the underlying filings.
Reported debt balances
Each amount keeps its reported scope. Related balance-sheet measures appear under the borrowing they describe.
| Reported balance | As of | Amount | Source |
|---|---|---|---|
| Operating lease liabilities | 2026-06-30 | USD 1,750,871 | 10-Q filed 2026-08-19 |
Related accounting measures — not additional borrowingCarrying amounts can reflect issuance costs or discounts. Differences between these measures are not necessarily repayments due within a year.
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Covenants
Covenant terms have not yet been verified for this profile.
The balance figures do not establish whether covenants apply or whether the company complies with them.
Loans, facilities and notes
The instrument breakdown is not yet verified. Read the debt note in the linked report for borrowing terms and maturity conditions.
Price & Valuation
Multiples computed on the strict TTM/EV methodology — today's snapshot against peers, and each ratio recomputed as of past filing dates.
Valuation
Peer medians compare against the 25 similar-size Capital Markets companies (of 80 listed).
Valuation over time computed as of each quarter's filing date
Revenue Breakdown
Annual revenue as the company disaggregates it in its own XBRL filings. Years a component wasn't reported show a dash.
Share mode is each component's slice of the reported components that year — issuers rarely tag every revenue dollar, so slices need not sum to total revenue.
By Geography (USD)
| Component | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| International | $30,200,000 | $5,000,000 | $2,740,227 | $2,086,679 | $3,102,283 |
| Domestic | — | $196,149 | $678,093 | $520,614 | $1,203,748 |
By Product & Service (USD)
| Component | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Listing Sponsorship Services | $30,200,000 | $5,000,000 | — | — | — |
| Collaborations Revenue | — | — | $864,548 | $540,798 | $836,152 |
| Laboratory Services | — | $26,776 | — | — | — |
| Product | — | $169,373 | $2,400,053 | $1,893,862 | $2,656,669 |
| Service | — | $26,776 | $153,719 | $172,633 | $813,210 |