FreeCast, Inc.

AI-generated fair value estimate for this company.

Method: Net-asset-value (cash-based) approach, not DCF: pro forma net cash of approximately $26.8M (FY2025 year-end cash $0.55M, plus FY2026 financing cash inflows of $18.42M, less FY2026 operating cash used of $10.03M, giving an estimated ~$8.7M cash at June 30 2026, plus the ~$22.3M net proceeds from the July 2, 2026 private placement, less ~$4.25M total debt) plus a small $2.1M operating-business value (3x FY2026 revenue of $711K, a conservative multiple for a loss-making micro-cap media/ad-tech asset); total estimated value ~$28.9M divided by 47.58M shares outstanding.

Reasoning: FreeCast had only $711K of FY2026 revenue (vs. a ~$61M market cap, i.e. ~85x trailing revenue) and burned $10M of operating cash against a pre-raise negative stockholders' equity, so a revenue or FCF-based DCF would be meaningless; valuing it primarily on its post-raise cash balance plus a token multiple on its small, recently-growing ad/FAST revenue reflects the real liquidation-like economics better than extrapolating unstable cash flows, and is consistent with outside short-seller scrutiny of the company's disclosed metrics.