FIGX (FIGX Capital Acquisition) Net-Net Working Capital: $-0.30 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

FIGX FIGX Capital Acquisition Corp FIGX
13 GF Score
Price $10.27
View Full Analysis

What is FIGX Capital Acquisition Net-Net Working Capital?

FIGX Capital Acquisition FIGX 13 Net-Net Working Capital is $-0.30 as of Mar. 2026. GuruFocus rates FIGX with a GF Score™ of 13/100. Among 177 Diversified Financial Services companies, FIGX Capital Acquisition ranks worse than 564971.19% on this metric.

In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. This is a conservative way of estimating the company's value.

FIGX Capital Acquisition's Net-Net Working Capital for the quarter that ended in Mar. 2026 was $-0.30.

The industry rank for FIGX Capital Acquisition's Net-Net Working Capital or its related term are showing as below:

FIGX's Price-to-Net-Net-Working-Capital is not ranked *
in the Diversified Financial Services industry.
Industry Median: 2.33
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

FIGX Capital Acquisition  (NAS:FIGX) Net-Net Working Capital Explanation

One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Graham's strategy produced similar results.

Benjamin Graham looked for companies whose market values were less than two-thirds of their net-net value. They are collected under our Net-Net screener.


FIGX Capital Acquisition Net-Net Working Capital Related Terms


FIGX Capital Acquisition Net-Net Working Capital Historical Data

* Premium members only.

The historical data trend for FIGX Capital Acquisition's Net-Net Working Capital can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

FIGX Capital Acquisition Net-Net Working Capital Chart

FIGX Capital Acquisition Annual Data
Trend Dec25
Net-Net Working Capital
0.00

FIGX Capital Acquisition Quarterly Data
Feb25 Jun25 Sep25 Dec25 Mar26
Net-Net Working Capital 0.00 -0.36 -0.29 -0.29 -0.30

FIGX vs BEBE, APMC, ETSS: Net-Net Working Capital Comparison

For the Shell Companies subindustry, FIGX Capital Acquisition's Price-to-Net-Net-Working-Capital, along with its competitors' market caps and Price-to-Net-Net-Working-Capital data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


FIGX Capital Acquisition Price-to-Net-Net-Working-Capital vs Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, FIGX Capital Acquisition's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where FIGX Capital Acquisition's Price-to-Net-Net-Working-Capital falls into.


FIGX
13GF Score
FIGX Capital Acquisition Corp FIGX
Net-Net Working Capital is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

FIGX Capital Acquisition Net-Net Working Capital Calculation

FIGX Capital Acquisition's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2025 is calculated as

Net-Net Working Capital(A: Dec. 2025 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0.905+0.75 * 0+0.5 * 0-6.524
-0-0)/0
=N/A

FIGX Capital Acquisition's Net-Net Working Capital (NNWC) per share for the quarter that ended in Mar. 2026 is calculated as

Net-Net Working Capital(Q: Mar. 2026 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0.858+0.75 * 0+0.5 * 0-6.614
-0-0)/19.386
=-0.30

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full.

In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. In "Security Analysis", preferred stock is dubbed "an imperfect creditorship position" that is best placed on the balance sheet alongside funded debt.

This is a conservative way of estimating the company's value.

What does a Net-Net Working Capital of $-0.30 mean?
FIGX Capital Acquisition (FIGX) has a Net-Net Working Capital of $-0.30 as of Mar. 2026. Ben Graham defined net-net working capital as the per-share sum of cash, 75% of receivables and 50% of inventory less total liabilities. View historical data on FIGX Capital Acquisition According to the industry distribution chart, FIGX Capital Acquisition ranks #999999 out of 177 companies in the Diversified Financial Services industry.
Is FIGX Capital Acquisition's Net-Net Working Capital too high?
FIGX Capital Acquisition's current Net-Net Working Capital is $-0.30. Based on the distribution chart, FIGX Capital Acquisition ranks #999999 out of 177 companies in the Diversified Financial Services industry, which is in the bottom quartile relative to peers. Overall, FIGX Capital Acquisition has a GF Score™ of 13/100, reflecting its overall financial health beyond just this single metric.
How does FIGX Capital Acquisition's Net-Net Working Capital compare to BEBE and APMC?
According to the Diversified Financial Services industry distribution chart, FIGX Capital Acquisition ranks #999999 out of 177 companies for Net-Net Working Capital. This places FIGX Capital Acquisition in the lower half of its industry. The industry median Net-Net Working Capital is 2.33. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net-Net Working Capital for a Diversified Financial Services company?
The median Net-Net Working Capital among Diversified Financial Services companies is 2.33, based on 177 companies in the industry. Companies in the top quartile (top 25%) have a Net-Net Working Capital significantly above this median, while those in the bottom quartile fall well below. However, Net-Net Working Capital should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net-Net Working Capital mean?
A high Net-Net Working Capital can signal that a stock is expensive relative to its fundamentals. Ben Graham defined net-net working capital as the per-share sum of cash, 75% of receivables and 50% of inventory less total liabilities. View historical data on FIGX Capital Acquisition For the Diversified Financial Services industry, the median Net-Net Working Capital is 2.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. FIGX Capital Acquisition's current Net-Net Working Capital is $-0.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FIGX Capital Acquisition stock overvalued right now?
FIGX Capital Acquisition (FIGX) has a current Net-Net Working Capital of $-0.30. The current Net-Net Working Capital is $-0.30. FIGX Capital Acquisition's overall GF Score™ is 13/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net-Net Working Capital calculated?
Net-Net Working Capital is calculated from a company's financial statements. For FIGX Capital Acquisition (FIGX), the current Net-Net Working Capital is $-0.30 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

FIGX Capital Acquisition Business Description

Address 428 Greenwood Beach Road, Tiburon, CA, USA, 94920
FIGX Capital Acquisition Corp is a blank check company.
13GF Score

Get the complete analysis for FIGX

Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$10.27
Price