# CapForce Inc. (CFOR)

> Source: Nexqual · https://nexqual.com/CFOR · data as of 2026-10-23 20:00 UTC · cite as "Nexqual, CapForce Inc. (CFOR), nexqual.com/CFOR" · informational, not investment advice.

**Price:** USD 4.04 (+0.25% on the day) · last close of Oct 23, 2026; US market closed, not a live price. Prev close 4.03 · day 3.77–4.04 · 52w 0–34 · market cap $50.1M · OQB

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $76.2M, net income $62.3M (81.7% margin) (SEC filings).
- Valuation: P/E 0.8x (avg 3.5x at the last 2 fiscal year-ends).
- Analysts: None.
- Total return with dividends: 1Y +448788.9% vs S&P 500 +13.4%; 5Y -98.9% vs S&P 500 +76.9%.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $4.3M | $2.6M | $3.4M | $5.2M | $30.2M | $76.2M |
| Gross profit | $2.0M | -$712K | $334K | — | — | — |
| Operating income | -$23.3M | -$34.6M | -$30.7M | $325K | $24.0M | $64.6M |
| Net income | -$34.8M | -$37.3M | -$32.7M | $12.0M | $23.6M | $62.3M |
| EPS (diluted) | -$228.90 | -$152.70 | -$41.47 | $2.30 | $2.32 | — |
| Free cash flow | -$23.5M | -$21.0M | -$15.1M | — | -$1.2M | — |
| Gross margin | 46.7% | -27.3% | 9.8% | — | — | — |
| Operating margin | -540.5% | -1325.8% | -899.5% | 6.2% | 79.6% | 84.8% |
| Net margin | -808.3% | -1430.0% | -955.7% | 230.8% | 78.2% | 81.7% |
| Revenue growth | +2.2% | -39.5% | +31.1% | +52.0% | +481.2% | — |
| Cash + short-term investments | $36.1M | $7.4M | $1.2M | $1.3M | $531K | — |
| Total debt | $21.7M | $11.9M | $10.9M | — | — | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/E 0.8x · P/S 0.7x · P/B 0.7x · Earnings yield 124.34%
P/E at fiscal year-ends: Dec 2025 6.8x, Dec 2024 0.3x.

## Analysts
Consensus None.

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-24) | 5Y (from 2021-10-25) |
|---|---|---|
| Total return | +448788.9% | -98.9% |
| S&P 500 (SPY) | +13.4% | +76.9% |
| Per year | +461941.0% | -59.3% |
| Volatility (annualized) | 1637.0% | 895.2% |
| Max drawdown | -100.0% (Feb 2026→Apr 2026) | -100.0% (Oct 2021→Aug 2025) |

## Peers (Capital Markets)
MIAX (Miami International Holdings, I) USD 33.98 -2.89% · LAZ (Lazard, Inc.) USD 37.21 -0.24% · MC (Moelis & Company) USD 54.53 -0.96% · PIPR (Piper Sandler Companies) USD 64.63 -1.39% · RIOT (Riot Platforms, Inc.) USD 12.53 -2.79% · VIRT (Virtu Financial, Inc.) USD 55.93 -0.57%

## More
Full page: https://nexqual.com/CFOR · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)

Named in CFOR's own 10-K filed 2026-05-26 (https://www.sec.gov/Archives/edgar/data/1293818/000182912626005672/capforceinc_10k.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Customer | Ares Genetics | "We also generated revenue from sales by Ares Genetics of its AI-powered prediction models and solutions." |
| Partner | European Credit Investment Bank | "We have established a framework for a joint venture with the European Credit Investment Bank ("ECIB"), and we may enter into such joint venture in the future." |

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter | — | — | — | $0 | — |
| Next quarter | — | — | — | $0 | — |
| Current fiscal year (ends 2023-12-31) | — | — | — | $0 | — |
| Next fiscal year | — | — | — | $0 | — |