PhenixFIN Corporation (PFX) — RQD Stock Rating Cockpit

PFX scores 48 out of 100, a D grade labeled "Roarable Sell — Underperform / Distribution Warning." The five pillars are: Fundamental Cash Engine at 3 of 20 (ROIC 2.7%; FCF yield 0%), Whale 13F Flow at 11 of 20 (institutional accumulation and options positioning), Insider Conviction at 9 of 20 (SEC Form 4 and Congressional PTR cluster flow), Macro Regime Fit at 15 of 20 (Beta 1.0; sector sensitivity), and Forensic Balance Sheet at 10 of 20 (Altman Z 2.5; Piotroski F 1/9; Debt/Equity 0.5). The weakest pillar is the cash engine, which per the same rating reflects a 2.7% ROIC and a 0% FCF yield, meaning the business is not currently converting capital into free cash returns at the level the rating treats as healthy. The forensic pillar is also weak, with a Piotroski F-Score of 1 out of 9. Upside drivers in the source data are limited to the institutional flow and macro-fit components, which score moderately rather than strongly. For a prospective investor, the implication is that valuation support must come from something other than current cash generation; the stock's 20.3 P/E (TTM) sits against an EPS of 2.15 and a 3.42% dividend yield, and the rating's distribution warning suggests caution about whether those earnings and payouts are durable. This is an analytical read of the provided data, not personalized advice.

PhenixFIN Corporation (PFX) is a NASDAQ-listed issuer classified in the Financials sector and the Finance: Consumer Services industry. The profile describes it as having a market capitalization of $0.1B. — for detailed business mechanics.

Reported net income declined from $26.9M in FY 2023 to $18.6M in FY 2024 and to $4.2M in FY 2025, while FY 2025 free cash flow was negative at -$67.3M. Revenue and operating income are reported as — in each period, so margin figures cannot be derived from the filings; per the market data, gross, operating, and net margins are each listed as 0%. ROIC is 2.7% per the market data. The Altman Z-Score is 2.5, the Piotroski F-Score is 1 out of 9, and Debt/Equity is 0.5. Cash on the FY 2025 balance sheet is $3.4M.

• 🐂 Primary Bull Case: Trading at a 20.3 P/E (TTM) with a 3.42% dividend yield, PFX offers income and earnings exposure while the stock sits near the upper end of its $37.78 - $47.4 52-week range. With Fundamental Cash Engine at 3/20 (ROIC 2.7%, FCF yield —) and Institutional Whale Flow at 7/20, sustained execution supports upside toward the top of the $38.30 – $56.48 52-week range.
• 🐻 Primary Bear Case: A 0% FCF yield, negative FY 2025 free cash flow of -$67.3M, and a Piotroski F-Score of 1 out of 9 point to weak cash conversion and balance sheet quality. Investors must weigh 20.3x trailing P/E against — operating margins and a 1.00 macro beta if sector demand softens.

The only sector information is the Financials / Finance: Consumer Services classification, and the rating's macro component cites sector sensitivity without quantifying it. An investor should note that the absence of mapped links means any ripple analysis would require information outside this dataset.

• Key Question #1: What are the revenue and operating income figures for PFX, given that the filings report — for both across all three periods?
• Key Question #2: Why does reported net income decline sharply while FY 2025 free cash flow is negative, and what drives the gap?
• Key Question #3: What is the debt balance and EPS for each reported period, since both are listed as N/A or unavailable?