A Business at a Glance
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ITEM 1. BUSINESS As used herein the terms “ Arvana,” “we,” “our,” and “us” refer to Arvana Inc., its subsidiary, and its predecessor, unless context indicates otherwise. Any distinct references to Down2Fish refer to Down 2 Fish Charters, LLC., a wholly owned subsidiary of Arvana. The information in this Annual Report on Form 10-K contains forward-looking statements that involve risks and uncertainties, including our capital needs, business plans and expectations. Forward-looking statements also involve risks and uncertainties regarding our business, capital, government regulations, stock price, operating costs, capital costs, and other factors. Any statements contained herein that are not statements of historical fact may be deemed to be forward-looking statements.
| Metric | TTM | FY2024 | FY2023 | FY2022 | FY2021 | FY2016 |
|---|---|---|---|---|---|---|
| Revenue | 132K | - | - | - | - | 25K |
| Net Income | -1.5M | -447K | -1.3M | -151K | -12M | - |
| EPS | $-0.01 | $-0.00 | $-0.01 | $0.00 | $-0.08 | $-0.01 |
| Free Cash Flow | 0 | -194K | -177K | -133K | -34K | -44K |
| ROIC | -163.4% | -145.6% | -532.5% | -92.0% | 286586.6% | - |
| Gross Margin | 65.6% | - | - | - | - | - |
| Debt/Equity | 0.00 | -1.01 | -1.12 | 0.00 | -0.00 | -0.03 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | -1.1M | -373K | -487K | -166K | 12M | -40K |
| Operating Margin | -817.4% | - | - | - | - | -162.9% |
| ROE | 0.0% | - | - | -10405.2% | - | - |
| Shares Outstanding | 127M | 108M | 132M | 971M | 160M | 9M |
| Metric | 2013 | 2014 | 2015 | 2016 | 2021 | 2022 | |||
|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||
| Revenue | N/A | 17K | 25K | 25K | N/A | N/A | N/A | N/A | 132K |
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 65.6% |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 731K | 24K | 12K | 15K | 16K | 100K | 404K | 241K | 780K |
| EBIT | -731K | -41K | -36K | -40K | 12M | -166K | -487K | -373K | -1.1M |
| Op. Margin | N/A | -243.1% | -148.4% | -162.9% | N/A | N/A | N/A | N/A | -817.4% |
| Net Income | -855K | N/A | N/A | N/A | -12M | -151K | -1.3M | -447K | -1.5M |
| Net Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -1165.0% |
| Non-Recurring | 0 | 0 | 0 | 0 | 0 | 0 | -771K | 10K | 0 |
| Returns on Capital | |||||||||
| ROIC | N/M | N/A | N/A | N/A | N/M | -92.0% | N/M | -145.6% | -163.4% |
| ROE | N/A | N/A | N/A | N/A | N/A | -10405.2% | N/A | N/A | 0.0% |
| ROA | -266281.3% | N/A | N/A | N/A | -290771.5% | -207.8% | -608.0% | -213.7% | -294.8% |
| Cash Flow | |||||||||
| Op. Cash Flow | -149K | 28K | -12K | -44K | -34K | -133K | -168K | -194K | -275K |
| Free Cash Flow | -149K | 28K | -12K | -44K | -34K | -133K | -177K | -194K | 0 |
| Owner Earnings | -149K | 28K | -12K | -78K | -34K | -163K | -442K | -383K | -1.1M |
| CapEx | 0 | 0 | 0 | 0 | 0 | 0 | 9K | 0 | 0 |
| Maint. CapEx | 0 | 0 | 0 | 0 | 0 | 0 | 24K | 31K | 32K |
| Growth CapEx | N/A | N/A | N/A | N/A | N/A | N/A | 0 | N/A | 0 |
| D&A | 0 | 0 | 0 | 0 | 0 | 0 | 24K | 31K | 32K |
| CapEx/OCF | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Capital Allocation | |||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | N/A | N/A | 0.0% |
| Stock-Based Comp | N/A | N/A | N/A | 34K | 0 | 30K | 250K | 159K | 762K |
| Debt Repayment | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance Sheet | |||||||||
| Net Debt | 144K | 145K | 147K | 59K | -3K | -142K | 1.0M | 1.2M | 0 |
| Cash & Equiv. | 0 | 2K | 0 | 6K | 3K | 142K | 22K | 18K | N/A |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | 0 | 920K | 1.2M | N/A |
| Debt/Equity | -0.06 | -0.06 | -0.07 | -0.03 | 0.00 | 0.00 | -1.12 | -1.01 | 0.00 |
| Interest Coverage | -3.9 | -0.8 | -0.8 | -0.7 | 630.8 | -282.5 | -8.3 | -4.9 | -4.9 |
| Equity | -2.4M | -2.3M | -2.2M | -2.3M | -102K | 104K | -962K | -1.3M | -1.3M |
| Total Assets | 0 | 2K | N/A | 6K | 3K | 142K | 217K | 202K | 523K |
| Total Liabilities | 2.4M | 2.3M | N/A | 2.3M | 105K | 38K | 1.2M | 1.5M | 1.8M |
| Intangibles | N/A | N/A | N/A | N/A | N/A | 0 | 26K | 47K | 18K |
| Retained Earnings | -24M | -24M | -23M | -23M | -36M | -36M | -38M | -38M | -39M |
| Working Capital | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Per Share Data | |||||||||
| EPS | -0.01 | 0.01 | 0.01 | -0.01 | -0.08 | 0.00 | -0.01 | -0.00 | -0.01 |
| Owner EPS | -0.02 | 0.00 | -0.00 | -0.01 | -0.00 | -0.00 | -0.00 | -0.00 | -0.01 |
| Book Value | -0.30 | -0.29 | -0.28 | -0.24 | -0.00 | 0.00 | -0.01 | -0.01 | -0.01 |
| Cash Flow/Share | -0.02 | 0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.01 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 8.0M | 8.0M | 8.0M | 9.3M | 160.4M | 970.6M | 131.7M | 108.3M | 127.3M |
| Valuation | |||||||||
| P/E Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -24.9 |
| P/FCF | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Price/Book | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Price/Sales | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 239.0 |
| FCF Yield | N/A | N/A | N/A | N/A | N/A | N/A | -0.3% | -0.3% | N/A |
| Market Cap | 0 | 0 | 0 | 0 | 0 | 0 | 53M | 65M | 32M |
| Avg. Price | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.28 | 0.46 | 0.25 |
| Year-End Price | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.40 | 0.60 | 0.25 |
ARVANA INC passes 0 of 9 quality checks, indicating weak fundamentals.
ARVANA INC (AVNI) has a 5-year average return on invested capital (ROIC) of -118.8%. This is below average and may indicate limited pricing power.
ARVANA INC (AVNI) has a market capitalization of $32M. It is classified as a small-cap stock.
ARVANA INC (AVNI) does not currently pay a regular dividend.
ARVANA INC (AVNI) operates in the Blank Checks industry, within the Financials sector.
ARVANA INC (AVNI) generated $-194 thousand in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
The Ledger Terminal provides 8 years of financial data for ARVANA INC (AVNI), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
ARVANA INC (AVNI) has a book value per share of $-0.01, based on its most recent annual SEC filing.
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