undamentalytics Newsletter
Sign in

Darkiris Inc. (DKI) stock

Add to watchlist

Add holding +

NASDAQ: DKI Nasdaq Application Software

D Fundamentals grade

Darkiris Inc. is a US-listed company in the application software industry. Its financial year ends in September.

Stock price today

Loading chart…

Third-party market data · may be delayed

Fair value per share

Under review: every model's value for Darkiris Inc. is far from the share price, which usually points to a data problem (a merger, a share-count change, a one-off) rather than a bargain or a bubble.

Price vs value

Under review: cash-flow, stock-pay or share-count figures missing or out of date. We'll show the comparison once resolved.

Darkiris Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders1 buying, 0 selling1 purchase and 0 sales by directors and officers, last 12 monthsInsider trades
  • Funds2 adding, 0 cuttingOf 0 active managers that changed their stake, 0 added; quarter to June 30, 2026Fund buyers and sellers

The Fundamentalytics view

Darkiris Inc.'s trailing-twelve-month revenue grew 27.3% year on year, with a free-cash-flow margin of -4.6%. Where it stands out: revenue growth of 27.3% ranks 31 of 184 application software companies we cover. Where it lags: change in growth rate of -73.2pp ranks 178 of 184 application software companies we cover.

Current signal Balance sheet growing far ahead of sales: Total assets grew 279% year over year while revenue grew 27% — the balance sheet is expanding 251 points faster than the business it supports.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Fast growth. Revenue grew 27.3% over the last 12 months, against a median of 12.0% for application software companies we cover.

Things to watch

  • Growth slowing. The growth rate is 73.2 points lower than a quarter earlier.
  • Loss-making. Operating margin is -85.3%: costs exceed revenue.
  • Margins narrowing. Operating margin is down 99.9 points on a year ago.
  • Burning cash. Free cash flow was -4.6% of revenue over the last 12 months.
  • Heavy stock-based pay. Stock pay equals 87.4% of revenue, against a median of 9.3% for application software companies we cover: a real cost that cash-flow figures leave out.
  • Share dilution. Diluted shares rose 3.3% in a year.

Price chart

  • 1 day-3.3%
  • 1 week-23.7%
  • 1 month-97.9%
  • This year-90.6%
  • 1 year-95.2%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

Loading chart…

Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$10.1M
Operating margin
-85.3%
Net margin
-85.7%
EPS (TTM, diluted)
$-0.52

Growth

Revenue growth
+27.3%
Change in growth rate
−73.2 pts
Share count change
+3.3%

Cash

Free cash flow (TTM)
-$463,060
FCF margin
-4.6%
Stock pay % of revenue
87.4%

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

No recent updates are available for DKI from the sources we follow. See filings →

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Darkiris Inc. valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: cash-flow, stock-pay or share-count figures missing or out of date.

Valuation multiples over time Market data may be delayed

At fiscal year end 2025
Share price$64.50
Market value$1.1bn
+ Net debt (− = net cash)$0
Enterprise value$1.1bn
Multiples
Price / sales 105.8x
Price / earnings —
Price / free cash flow —
EV / EBITDA —

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: High.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

No analyst estimates are published for Darkiris Inc.: too few analysts cover it.

Positioning

Short interest
68.5%
of tradable shares
Days to cover
0.08
at average volume
Short interest, 1 month
+3452%
to October 15, 2026
Held by institutions
3%
of shares
Held by insiders
6.4%
of shares
Employees
19
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Return and risk by year

Calendar year 2026 to date
Return
DKI−91%
Industry peers (median)−14%
S&P 500+11%
Months that ended higher
DKI36%
S&P 50046%
Largest fall from a high during the year
DKI−100%
S&P 500−9%

Worst fall since August 8, 2025: 100% from September 26, 2025 to November 2, 2026. Getting back needed a 39089% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$1.48 – $317.50
From 52-week high
−99.5%
vs 50-day average
−98.3%
vs 200-day average
−98.8%
Volatility (1 year)
1596%
Beta vs S&P 500
4.49

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Darkiris Inc. in five measures

Fundamentals grade D
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 20-F. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2023 Sept 2023 2024 Sept 2024 2025 Sept 2025
Income
Revenue 4 8 10
Gross profit 2 3 3
EBITDA −1 1 −9
Operating income −1 1 −9
Net income −1 1 −9
Diluted EPS −$0.08 $0.07 −$0.52
Growth (year on year)
Revenue — +100.5% +27.3%
EBITDA — — −837.5%
Operating income — — −843.5%
Net income — — −887.9%
Diluted EPS — — −842.9%
Margins
Gross margin 60.7% 38.0% 24.8%
EBITDA margin −31.7% 14.7% −85.2%
Operating margin −31.9% 14.6% −85.3%
Net margin −31.8% 13.8% −85.7%
Free-cash-flow margin −33.8% 0.5% −4.6%
Cash flow
Cash from operations −1 0 −0
Capital spending 0 0 0
Free cash flow −1 0 −0
Stock-based pay — — 9
Free cash flow after stock pay — — −9
Balance sheet
Total debt — 0 0
Diluted shares 16m 16m 17m

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

1 of 1 checks passed · September 30, 2025
What it owns · $8m
Short-term assets $5mLonger-term assets $4m
What it owes, and who funded it · $8m
Short-term liabilities $2mShareholders' equity $7m
  • Short-term assets cover short-term liabilities $5m of assets due within a year against $2m of liabilities due within a year.
  • Short-term assets cover long-term liabilities Not assessable from the reported split. Not assessable.
  • More cash than debt Cash or debt not separately reported. Not assessable.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Darkiris Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Diluted share count
+3.3%
year over year
R&D spending
8.9%
of revenue
Days sales outstanding
95 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in application software
Last 12 months unless stated DKI NTCL RYDE PARA PDYN AIXI Median
Revenue, last 12 months $10m $10m $10m $11m $12m $12m $482m
Revenue growth, last 12 months 27.3% −2.9% 42.9% 19.6% 171.8% >999% 12.0%
Revenue growth, latest quarter — — — −27.3% 469.8% — 11.9%
Gross margin 24.8% 22.8% — 81.2% 28.7% 44.4% 69.2%
Operating margin −85.3% −111.5% −50.1% −177.7% −360.7% −783.6% 1.1%
Operating margin, 3-year average — — — −213.5% −649.8% — −0.8%
Net margin −85.7% −110.4% −139.5% −228.7% −254.7% −821.1% 2.1%
Cash from operations / revenue −4.5% −58.3% −188.2% −151.1% −297.2% −29.9% 18.2%
Free-cash-flow margin −4.6% −58.4% −188.2% −162.5% −310.0% −30.3% 15.0%
Free-cash-flow margin, 3-year average — — — −121.9% −467.0% — 16.2%
Stock pay / revenue 87.4% 31.2% 88.7% 37.6% 48.1% 47.7% 9.3%
Change in share count 3.3% 14.2% 110.7% — 35.5% 61.1% 2.2%

Median of all 185 companies we cover in application software. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

185 application software companies
Measure Company Peer median Rank
Revenue growth Growth 27.3% 12.0% 31 of 184
Change in growth rate Growth -73.2pp +0.2pp 178 of 184
Gross margin Profitability 24.8% 69.8% 146 of 160
Operating margin Profitability -85.3% 1.1% 150 of 181
Net margin Profitability -85.7% 2.1% 154 of 185
Free-cash-flow margin Cash generation -4.6% 15.2% 137 of 180
Stock pay as % of revenue Cash generation 87.4% 9.3% 168 of 177
Change in share count Balance sheet 3.3% 1.7% 95 of 163
Days sales outstanding Balance sheet 95 days 57 days 134 of 162

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Who owns it

Funds buying and selling
Reported value
$71,865
Institutions reporting
2
Positions opened / closed
2 / 0

Top buyers and sellers, Q2 2026: 2 institutions bought and 0 sold ; the biggest buyer was Susquehanna International Group, LLP (+12K shares) . See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Susquehanna International Group, LLP $59,715 12K 83.1% —
Tower Research Capital LLC (TRC) $12,150 3K 16.9% —

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Darkiris Inc.'s complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $500,000 1 trade by 1 insider, last 12 months Insider sales History → $0 0 trades by 0 insiders
Net ▲ $500,000 net buying
Insider Date Trade Shares Price Value
Hong Zhifang CEO April 24, 2026 Buy pre-set plan 1,428,571 $0.35 $500,000

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Recent SEC filings

Data status

When each part of this page on Darkiris Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Darkiris Inc. in brief

What does Darkiris Inc. do?
Darkiris Inc. is a US-listed company in the application software industry. Its financial year ends in September.
What is Darkiris Inc.'s stock ticker?
Darkiris Inc. trades under the ticker DKI on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Darkiris Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Darkiris Inc. reported revenue of $10.1M, 27.3% higher than a year earlier, according to its SEC filings.
What is Darkiris Inc.'s free cash flow?
Darkiris Inc.'s free-cash-flow margin is -4.6% of revenue over the trailing twelve months, ranking 137 of the 180 application software companies we cover.
What is Darkiris Inc.'s market cap?
On September 30, 2025, Darkiris Inc.'s market capitalisation was about $1.1B and net debt of $0. Market figures come from third-party market data and may be delayed.
Who are Darkiris Inc.'s competitors?
In our Application Software peer group, the companies closest to Darkiris Inc. are Netclass Technology Inc, Ryde Group Ltd, Banzai International, Inc., Palladyne AI Corp. and Xiao-i Corp. The side-by-side comparison below sets their revenue, margins and growth against Darkiris Inc.'s.
Are insiders buying or selling Darkiris Inc. stock?
Over the last 12 months, Darkiris Inc.'s directors and officers reported 1 open-market purchases and 0 sales on Form 4. The insider trading page charts every trade.