Stock Ratings / Financials / DRK / financials

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DarkHorse Technologies Inc. (DRK) Revenue-to-Profit Sankey Flow & SEC XBRL Financials

Q: Is DRK stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

As of 2026-11-01, DarkHorse Technologies Inc. (NASDAQ: DRK) is rated E (Strong Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 30/100 at a spot price of $1.99 (-3.40% 1D, market cap $21.1M). Pillar breakdown: Fundamental Cash Engine 6/20, Institutional 13F & Options Flow 5/20, Executive Insider Alignment 8/20, FRED Macro Regime Fit 8/20, and SEC Balance-Sheet Forensics 3/20. Across 1096 tracked Financials issuers, DRK ranks #1070 in composite RQD confidence.

Q: How does DRK compare to ORIO and ARBK in the Financials sector?

Within the Financials sector (Finance: Consumer Services), DRK carries a Roarable E (30/100 RQD), trailing P/E of N/A, gross margin of —, and ROIC of -35.0%. By comparison, ORIO (Orion Digital Corp.) holds a C- grade (60/100 RQD, P/E N/A, ROIC —, cap $20.5M) and ARBK (Argo Blockchain plc) posts a C- grade (60/100 RQD, P/E N/A, ROIC —, cap $21.9M). Among the 5-stock peer group, DRK leads on earnings multiple (N/A) while BLNE leads on capital efficiency (-30.5% ROIC).

Q: What are the biggest fundamental strengths and SEC risk factors for DRK?

Per DRK's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0001591956), DarkHorse Technologies Inc. generated $11.2M in revenue (-32.7% YoY), -$21.5M in net income, and -$23.6M in free cash flow against $25.1M in total assets and $0 in total debt. Key quantitative strengths: Established market leader in Financials with deep daily trading liquidity.. Primary risk factors monitored: Company executives have done more routine share selling than personal cash buying lately.. Institutional options positioning shows a 50% call / 50% put premium split.

Q: Where is DRK trading relative to its 50-day, 200-day, and 52-week technical levels?

DRK last traded at $1.99 (-3.40% on volume of 20,180 shares), positioning the stock -20.08% below its 50-day simple moving average ($2.49) and -8.29% below its 200-day simple moving average ($2.17). Across its 52-week range of $1.08 to $7.38, DRK sits at the 14.4% percentile with a 14-day RSI of 28.9 (OVERSOLD (<32)) and an implied next-earnings move of ±12.5% ($1.74 to $2.24).

Q: How profitable is DarkHorse Technologies Inc. (DRK)?

In FY 2025 (10-K), DRK converted $11.2M of revenue into a 52% gross margin, 0% operating margin, and $0 in free cash flow (0% FCF margin).

$1.99 -3.40% NASDAQ • Live Quote vs Prior Daily Close (Synced Snapshot) EXT / AFTER-HRS: $1.97

DarkHorse Technologies Inc. (DRK) carries a Roarable Rating of E (Strong Sell) with 30/100 RQD Confidence due to weak cash-flow efficiency and sensitivity to current interest rates. Wait for business cash flow and institutional buying to improve before committing fresh capital.

📊 Historical Track Record Warning: Scores below 50 (30/100 · E) historically underperformed SPY in 71% of rolling 90-day windows →

ROARABLE E • RED ALERT Cap $21.1M

📤 Share Live RQD Speedometer Card: 𝕏 Post Reddit StockTwits ⬇ Live SVG Card

INTERACTIVE SCENARIO DECK:

🛡️ Portfolio Crash X-Ray

EXT / AFTER-HRS: $1.97 (-0.80%)🧬 Dilution Drag (+1.28% YoY Shares)⚙️ Cash Engine: 6/20 (E) • 0% FCF Margin

Verify 90D Bucket Audit →

📊 Historical Track Record Warning: Scores below 50 (30/100 · E) historically underperformed SPY in 71% of rolling 90-day windows (-9.6% avg 90D alpha vs SPY • 29.0% hit rate).

Audit Bucket Track Record →

RQD QUANT TACHOMETERRED ALERT • E

3-of-3 JEV AI Jury Bearish Warning

Cash

SEC

Whale

Impersonal quantitative research (0–100 RQD rubric) — not individualized investment advice. Past performance does not guarantee future results. Full Disclaimer

5-PILLAR SNOWFLAKE RADARRw E · Rk D-

Each axis scored 0–20

12M PRICE TARGET CONE-12.6% Base Target

WHALE OPTIONS SNAPSHOT: — (No Active Options Snapshot on file for DRK)Realized 20D OHLCV Swing Band: ±12.5%

Deterministic 5-Pillar Attribution (30/100 Composite)

🔍 WHY DRK SCORES 30/100 (E) — TOP 3 DRIVERS2 Bullish Pillars + #1 Risk Drag

▲ #1 Bullish Driver: SEC 10-K Forensic Risk+8/20 pts (27% of score)

Altman Z-Score 3.80 (FORTRESS SAFE (>3.0)) • Piotroski F-Score 2/9

▲ #2 Bullish Driver: Macro Regime Fit+8/20 pts (27% of score)

FRED Regime × Technicals: 14% of 52W Range • RSI-14 at 28.9 (OVERSOLD (<32))

▼ #1 Drag / Risk Factor: Insider Conviction & Share Dilution4/20 pts (-16 pt drag)

Dilution Drag (+1.28% YoY Shares) & executive Form 4 sales trim 16 pts from alignment

📈 PAST 4 QUARTERS RQD vs SUBSEQUENT RETURNQ1 → Q2 → Q3 → Current

Q1 (-3Q)

Grade E$2.75-25.5% Next Q

Q2 (-2Q)

Grade E$2.05-4.4% Next Q

Q3 (-1Q)

Grade E$1.96+1.5% Next Q

Current

Grade E$1.99-9.6% Hist 90D α

Trajectory: E (38) → E (30)Full Audit →

⚔️ ADVERSARIAL OPPOSING CASE & FORENSIC KILL-SWITCH (WHY THE BULL/BEAR THESIS COULD FAIL)CONTRARIAN TURNAROUND & SHORT-SQUEEZE DOSSIER

⚔️ Adversarial Opposing Case: What Could Spark a DRK Turnaround Squeeze

Gideon Ashmere Forensic Desk →

While DRK currently carries a cautious 30/100 (E) rating due to Insider Conviction & Share Dilution (4/20), shorts face asymmetric squeeze risk if free cash flow inflects or management executes accretive buybacks.

🚀 Contrarian Squeeze Trigger #1

Established market leader in Financials with deep daily trading liquidity.

🚀 Contrarian Squeeze Trigger #2

Options & Short-Covering Gamma: Reclaiming the 50-day SMA ($2.49) and Max Pain ($2.09) forces dealer call-delta covering toward $7.75.

🚀 Contrarian Squeeze Trigger #3

Forensic Repair Trigger: Halting share dilution (Dilution Drag (+1.28% YoY Shares)) or retiring high-cost debt immediately upgrades the SEC 10-K Forensic pillar.

🎲 LIVE PREDICTION MARKET ODDS TIED TO $DRK• $2.4M Crowd Pool • Kalshi / Polymarket Composite

Contract: “DRK Beats Next Quarter EPS Consensus (Dec 30, 2026) & Holds Above 200D SMA”

YES 30%NO 70%Trade / Inspect Odds →

VISUAL REVENUE-TO-PROFIT SANKEY WATERFALL • FY 2025 (10-K)

How DRK Turns Every Dollar of Sales Into Real Bottom-Line Profit

Free Cash Flow:$0 (0% FCF Margin)

Multi-Year SEC EDGAR XBRL Revenue, Net Profit & Free Cash Flow Trajectory

■ Revenue■ Net Profit■ Free Cash Flow

FY23

Rev $21.9M

FY24

Rev $16.6M

FY25

Rev $11.2M

Fiscal Year	Revenue	Gross Margin	Op Margin	Net Profit	Free Cash Flow	ROIC %
FY 2025	$11.2M	52%	-80%	-$21.5M	-$23.6M	-45%
FY 2024	$16.6M	52%	-80%	-$9.5M	-$13.5M	-45%
FY 2023	$21.9M	52%	-80%	-$23.3M	-$6.6M	-35%

ON-DEMAND RQD QUANT WORKSHOP • SPONSORED / PARTNER SPOTLIGHTHosted by Perry Belcher & Roarable Forensic Quant Desk

Red-Light Warning Desk: Spotting SEC Cash-Flow & Dilution Risks Before Downgrades (Featuring DRK)

✓Walkthrough of DRK's RQD Radar, SEC cash-conversion gap & downside invalidation levels
✓3 asymmetric Bear/Hedge frameworks when 10-year Treasury yields stay elevated
✓Includes nightly RQD rating-change & forensic signal email alerts on your tracked stocks

RQD INSIDER CLUB WAITLIST$49/YR PLANNED

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DRK // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: +35.37%📐 HORIZONTAL RANGE

2026-10-30O $1.95H $1.99L $1.72C $1.99VOL 233.7K

RES: $4.00SUP: $1.05SMA50: $2.49SMA200: $2.17

PRIMARY-SOURCE FORENSICS, SECOND-ORDER LINKS & AI ANALYST DESK

DRK Dilution Monitor, Expectations Hurdle, Butterfly Connections & Policy Exposure

🦋 DRK Butterfly Map → + Track DRK →

Share Count & Dilution Monitor (#25)

Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).

Reverse-DCF Expectations Hurdle (#30)

8.0%/yr Implied 5Y Growth

vs. -32.7% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).

Ellis Vennor Setup Ledger (#33)

No active Ellis Vennor swing setup published on DRK today. View full Setup Ledger →

🦋 Documented & Second-Order Butterfly Connections Open Graph →

No direct multi-tier Butterfly edges indexed yet for DRK. Explore sector supply chains on /butterfly.

AI Analyst Theses, Washington Policy & Company Video

🎬 No recent verified company-specific video clip queued for DRK today (we never pad ticker pages with unrelated generic clips). Browse Macro Video Desk →

DETERMINISTIC MULTI-FACTOR EQUITY AUDIT • SEC EDGAR XBRL × RQD PEER BENCHMARK

📊 Quantitative Sector Peer Comparison, SEC Filing Delta & Investment FAQ (DRK)

Financials Rank #1070 of 1096 ⚔️ ORIO vs DRK Full Matrix →

1. Head-to-Head Financials Peer Comparison (DRK vs. ORIO, ARBK, BLNE, BGDE)

Industry: Finance: Consumer Services (156 Tracked Issuers)

Across 1096 tracked Financials securities in the Roarable RQD universe, DarkHorse Technologies Inc. (DRK) ranks #1070 by composite RQD confidence (30/100, grade E) and #1055 by equity capitalization ($21.1M). Within this direct 5-issuer industry benchmark cohort, DRK leads on earnings valuation at N/A trailing P/E, while BLNE leads on capital efficiency and profitability with -30.5% ROIC and — gross margin. ORIO currently holds the highest overall quantitative score in the immediate peer group at 60/100 (C-) compared with DRK at 30/100 (E).

Ticker / Company	Roarable Grade	RQD Score	Trailing P/E	Gross Margin	ROIC	1D Change	Market Cap	Head-to-Head
DRK ACTIVE DarkHorse Technologies Inc.	E	30/100	—	—	-35.0%	-3.40%	$21.1M	Benchmark Subject
ORIO Orion Digital Corp.	C-	60/100	—	—	—	-3.47%	$20.5M	/orio-vs-drk →
ARBK Argo Blockchain plc	C-	60/100	—	—	—	+3.14%	$21.9M	/arbk-vs-drk →
BLNE Beeline Holdings Inc.	E	34/100	—	—	-30.5%	-5.13%	$22.0M	/blne-vs-drk →
BGDE Big Digital Energy Inc.	E	34/100	—	—	-35.0%	-2.03%	$22.1M	/bgde-vs-drk →

2. Multi-Year SEC XBRL Revenue, Cash Flow & Balance-Sheet Trajectory (FY2023–FY2025)

SEC EDGAR 10-K • FILED 2025-12-31 • CIK 0001591956

In its most recent audited fiscal period (FY2025, filed 2025-12-31), DarkHorse Technologies Inc. (DRK) reported GAAP revenue of $11.2M (-32.7% vs. FY2024 revenue of $16.6M , and -49.0% cumulative change since FY2023) , GAAP net income of -$21.5M, operating cash flow of -$16.1M, and free cash flow of -$23.6M (-74.7% YoY). On the balance sheet, DRK closed FY2025 with $25.1M in total assets against $0 in total debt (Altman Z-Score: N/A, Piotroski F-Score: 2/9).

Fiscal Period	Filing Date	Revenue	Net Income	Operating Cash Flow	Free Cash Flow	Total Assets	Total Debt
FY2025 (FY)	2025-12-31	$11.2M	-$21.5M	-$16.1M	-$23.6M	$25.1M	—
FY2024 (FY)	2024-12-31	$16.6M	-$9.5M	-$4.6M	-$13.5M	$43.2M	—
FY2023 (FY)	2023-12-31	$21.9M	-$23.3M	-$6.6M	-$6.6M	—	—

3. DRK Data-Verified Investor FAQ (RQD Rating, Sector Peers, SEC Forensics & Technicals)

✓ SCHEMA.ORG FAQPAGE JSON-LD ENABLED

Is DRK stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

As of 2026-11-01, DarkHorse Technologies Inc. (NASDAQ: DRK) is rated E (Strong Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 30/100 at a spot price of $1.99 (-3.40% 1D, market cap $21.1M). Pillar breakdown: Fundamental Cash Engine 6/20, Institutional 13F & Options Flow 5/20, Executive Insider Alignment 8/20, FRED Macro Regime Fit 8/20, and SEC Balance-Sheet Forensics 3/20. Across 1096 tracked Financials issuers, DRK ranks #1070 in composite RQD confidence.

How does DRK compare to ORIO and ARBK in the Financials sector?

Within the Financials sector (Finance: Consumer Services), DRK carries a Roarable E (30/100 RQD), trailing P/E of N/A, gross margin of —, and ROIC of -35.0%. By comparison, ORIO (Orion Digital Corp.) holds a C- grade (60/100 RQD, P/E N/A, ROIC —, cap $20.5M) and ARBK (Argo Blockchain plc) posts a C- grade (60/100 RQD, P/E N/A, ROIC —, cap $21.9M). Among the 5-stock peer group, DRK leads on earnings multiple (N/A) while BLNE leads on capital efficiency (-30.5% ROIC).

What are the biggest fundamental strengths and SEC risk factors for DRK?

Per DRK's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0001591956), DarkHorse Technologies Inc. generated $11.2M in revenue (-32.7% YoY), -$21.5M in net income, and -$23.6M in free cash flow against $25.1M in total assets and $0 in total debt. Key quantitative strengths: Established market leader in Financials with deep daily trading liquidity.. Primary risk factors monitored: Company executives have done more routine share selling than personal cash buying lately.. Institutional options positioning shows a 50% call / 50% put premium split.

Where is DRK trading relative to its 50-day, 200-day, and 52-week technical levels?

DRK last traded at $1.99 (-3.40% on volume of 20,180 shares), positioning the stock -20.08% below its 50-day simple moving average ($2.49) and -8.29% below its 200-day simple moving average ($2.17). Across its 52-week range of $1.08 to $7.38, DRK sits at the 14.4% percentile with a 14-day RSI of 28.9 (OVERSOLD (<32)) and an implied next-earnings move of ±12.5% ($1.74 to $2.24).

DRK Investor FAQ & Complete 8-Part Research Index

100% OPEN ACCESS • SEC EDGAR × CBOE × FRED

How profitable is DarkHorse Technologies Inc. (DRK)?

In FY 2025 (10-K), DRK converted $11.2M of revenue into a 52% gross margin, 0% operating margin, and $0 in free cash flow (0% FCF margin).

Direct Sub-Reports: DRK RQD Cockpit DRK 12M Forecast DRK Earnings & Move DRK Dividends & DRIP DRK Insiders & 13F DRK Whale Options DRK Profit Sankey DRK News & Why