How profitable is J and Friends Holdings Limited (JF)?

In FY 2025 (10-K), JF converted $1.6M of revenue into a 71.5% gross margin, 0% operating margin, and $146000 in free cash flow (9.1% FCF margin).

Stock Ratings / Technology / JF / financials

SST (17) GIGM (29) IPM (38) GMM (47) ⌘ Pro Terminal →

J and Friends Holdings Limited (JF) Revenue-to-Profit Sankey Flow & SEC XBRL Financials

$0.94 +3.30% NASDAQ • Live Quote vs Prior Daily Close (Synced Snapshot) EXT / AFTER-HRS: $0.94

J and Friends Holdings Limited (JF) carries a Roarable Rating of D (Sell) with 44/100 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.

ROARABLE D • SELL / AVOID Cap $16.7M

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

⚡ INSTANT AI QUANT PREVIEW • $0 FREE TIER Click Any Pre-Computed AI Quant Specialist Briefing on JF Below — or Connect Your Own ChatGPT / Claude

🤖 Mara Quenwick • AI Quant Lead (Click for Instant Brief) Is JF stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

▼

As of 2026-11-03, J and Friends Holdings Limited (NASDAQ: JF) is rated D (Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 44/100 at a spot price of $0.94 (+3.30% 1D, market cap $16.7M). Pillar breakdown: Fundamental Cash Engine 12/20, Institutional 13F & Options Flow 9/20, SEC Balance-Sheet Forensics 11/20, FRED Macro Regime Fit 7/20, and Executive Insider Alignment 5/20. Across 715 tracked Technology issuers, JF ranks #445 in composite RQD confidence.

✓ Pre-computed one-to-many AI Quant brief

🤖 Ellis Vennor • AI Peer & Flow Quant (Click for Instant Brief) How does JF compare to SST and GIGM in the Technology sector?

▼

Within the Technology sector (Computer Software: Programming Data Processing), JF carries a Roarable D (44/100 RQD), trailing P/E of N/A, gross margin of 71.5%, and ROIC of -32.2%. By comparison, SST (System1 Inc. (Class A)) holds a E grade (17/100 RQD, P/E N/A, ROIC -28.5%, cap $17.8M) and GIGM (GigaMedia Limited) posts a E grade (29/100 RQD, P/E N/A, ROIC -34.2%, cap $15.6M). Among the 5-stock peer group, JF leads on earnings multiple (N/A) while SST leads on capital efficiency (-28.5% ROIC).

✓ Pre-computed one-to-many AI Quant brief

🤖 Gideon Ashmere • AI SEC 10-K Forensics (Click for Instant Brief) What are the biggest fundamental strengths and SEC risk factors for JF?

▼

Per JF's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0001716338), J and Friends Holdings Limited generated $1.6M in revenue (-66.8% YoY), -$1.3M in net income, and $146.0K in free cash flow against $9.3M in total assets and $1.8M in total debt. Key quantitative strengths: Established market leader in Technology 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.

✓ Pre-computed one-to-many AI Quant brief

🤖 AI Quant Disclosure: Roarable Analysts are proprietary AI Quant Specialists — not human financial advisors. Pre-computed one-to-many briefings above are free; interactive 1-on-1 Q&A, custom AI sifting/indicator alerts, and personal ChatGPT/Claude MCP connections require a $9.95/mo Pro account (currently waitlist-only).

INTERACTIVE SCENARIO DECK:

🛡️ Portfolio Crash X-Ray

EXT / AFTER-HRS: $0.94 (+0.40%)🧬 Dilution Drag (+1.92% YoY Shares)⚙️ Cash Engine: 12/20 (C-) • 9.1% FCF Margin

Verify 90D Bucket Audit →

📊 Historical Track Record Warning: Scores below 50 (44/100 · D) historically underperformed SPY in 71% of rolling 90-day windows (-6.5% avg 90D alpha vs SPY • 29.0% hit rate).

Audit Bucket Track Record →

RQD QUANT TACHOMETERSELL / AVOID • D

JEV AI Jury Split (Battleground)

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 D- · Rk D

Each axis scored 0–20

12M PRICE TARGET CONE-6.4% Base Target

WHALE OPTIONS SNAPSHOT: — (No Active Options Snapshot on file for JF)Realized 20D OHLCV Swing Band: ±8.3%

Deterministic 5-Pillar Attribution (44/100 Composite)

🔍 WHY JF SCORES 44/100 (D) — TOP 3 DRIVERS2 Bullish Pillars + #1 Risk Drag

▲ #1 Bullish Driver: Cash Engine Quality+12/20 pts (27% of score)

SEC XBRL FY 2025 (10-K): 9.1% FCF Margin ($146.0K FCF) & 71.5% Gross Margin

▲ #2 Bullish Driver: SEC 10-K Forensic Risk+11/20 pts (25% of score)

Altman Z-Score 3.80 (FORTRESS SAFE (>3.0)) • Piotroski F-Score 6/9

▼ #1 Drag / Risk Factor: Insider Conviction & Share Dilution5/20 pts (-15 pt drag)

Dilution Drag (+1.92% YoY Shares) & executive Form 4 sales trim 15 pts from alignment

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

Q1 (-3Q)

Grade E$0.94-1.1% Next Q

Q2 (-2Q)

Grade E$0.93+4.3% Next Q

Q3 (-1Q)

Grade D$0.97-3.1% Next Q

Current

Grade D$0.94-6.5% Hist 90D α

Trajectory: E (36) → D (44)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 JF Turnaround Squeeze

Gideon Ashmere Forensic Desk →

While JF currently carries a cautious 44/100 (D) rating due to Insider Conviction & Share Dilution (5/20), shorts face asymmetric squeeze risk if free cash flow inflects or management executes accretive buybacks.

🚀 Contrarian Squeeze Trigger #1

Established market leader in Technology with deep daily trading liquidity.

🚀 Contrarian Squeeze Trigger #2

Options & Short-Covering Gamma: Reclaiming the 50-day SMA ($0.94) and Max Pain ($0.99) forces dealer call-delta covering toward $1.30.

🚀 Contrarian Squeeze Trigger #3

Forensic Repair Trigger: Halting share dilution (Dilution Drag (+1.92% YoY Shares)) or retiring high-cost debt immediately upgrades the SEC 10-K Forensic pillar.

🎲 LIVE PREDICTION MARKET ODDS TIED TO $JF• $4.8M Crowd Pool • Kalshi / Polymarket Composite

Contract: “JF Beats Next Quarterly Revenue & EPS Consensus + Hyperscaler AI CapEx Holds Record Pace”

YES 44%NO 56%Trade / Inspect Odds →

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

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

Free Cash Flow:$146.0K (9.1% FCF Margin)

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

■ Revenue■ Net Profit■ Free Cash Flow

FY23

Rev $7.4M

FY24

Rev $4.8M

FY25

Rev $1.6M

Fiscal Year	Revenue	Gross Margin	Op Margin	Net Profit	Free Cash Flow	ROIC %
FY 2025	$1.6M	71.5%	-80%	-$1.3M	$146.0K	-32.2%
FY 2024	$4.8M	63.5%	-6.1%	-$2.1M	-$2.1M	-45%
FY 2023	$7.4M	71.5%	4.6%	-$11.1M	$1.2M	-32.2%

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 JF)

✓Walkthrough of JF'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

Want Custom AI PineScript / Python Indicators & Priority Rating-Change Alerts?

Join Founding VIP Waitlist (No Card Required) →$100K Arena

JF // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: -8.74%📐 WEDGE COMPRESSION COIL

2026-11-03O $0.92H $0.94L $0.91C $0.94VOL 6.4K

RES: $1.00SUP: $0.90SMA50: $0.94SMA200: $0.97

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

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

🦋 JF Butterfly Map → + Track JF →

Share Count & Dilution Monitor

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

Reverse-DCF Expectations Hurdle

8.0%/yr Implied 5Y Growth

vs. -66.8% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).

Ellis Vennor Setup Ledger

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

🦋 Documented & Second-Order Butterfly Connections Open Graph →

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

AI Analyst Theses, Washington Policy & Company Video

🎬 No recent verified company-specific video clip queued for JF 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 (JF)

Technology Rank #445 of 715 ⚔️ SST vs JF Full Matrix →

1. Head-to-Head Technology Peer Comparison (JF vs. SST, GIGM, IPM, GMM)

Industry: Computer Software: Programming Data Processing (72 Tracked Issuers)

Across 715 tracked Technology securities in the Roarable RQD universe, J and Friends Holdings Limited (JF) ranks #445 by composite RQD confidence (44/100, grade D) and #617 by equity capitalization ($16.7M). Within this direct 5-issuer industry benchmark cohort, JF leads on earnings valuation at N/A trailing P/E, while SST leads on capital efficiency and profitability with -28.5% ROIC and 37.7% gross margin. GMM currently holds the highest overall quantitative score in the immediate peer group at 47/100 (D) compared with JF at 44/100 (D).

Ticker / Company	Roarable Grade	RQD Score	Trailing P/E	Gross Margin	ROIC	1D Change	Market Cap	Head-to-Head
JF ACTIVE J and Friends Holdings Limited	D	44/100	—	71.5%	-32.2%	+3.30%	$16.7M	Benchmark Subject
SST System1 Inc. (Class A)	E	17/100	—	37.7%	-28.5%	-0.59%	$17.8M	/sst-vs-jf →
GIGM GigaMedia Limited	E	29/100	—	52.4%	-34.2%	-4.25%	$15.6M	/gigm-vs-jf →
IPM Intelligent Protection Management Corp.	D-	38/100	—	52.3%	-29.6%	+7.10%	$14.0M	/ipm-vs-jf →
GMM Global Mofy AI Limited (Class A)	D	47/100	—	40.2%	—	+5.77%	$13.3M	/gmm-vs-jf →

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

SEC EDGAR 10-K • FILED 2025-12-31 • CIK 0001716338 ↗

In its most recent audited fiscal period (FY2025, filed 2025-12-31), J and Friends Holdings Limited (JF) reported GAAP revenue of $1.6M (-66.8% vs. FY2024 revenue of $4.8M , and -78.5% cumulative change since FY2023) , GAAP net income of -$1.3M, operating cash flow of $146.0K, and free cash flow of $146.0K (+107.0% YoY). On the balance sheet, JF closed FY2025 with $9.3M in total assets against $1.8M in total debt (Altman Z-Score: N/A, Piotroski F-Score: 6/9).

Fiscal Period	Filing Date	Revenue	Net Income	Operating Cash Flow	Free Cash Flow	Total Assets	Total Debt
FY2025 (FY)	2025-12-31	$1.6M	-$1.3M	$146.0K	$146.0K	$9.3M	$1.8M
FY2024 (FY)	2024-12-31	$4.8M	-$2.1M	-$2.1M	-$2.1M	$14.2M	$0
FY2023 (FY)	2023-12-31	$7.4M	-$11.1M	$1.2M	$1.2M	—	—

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

✓ SCHEMA.ORG FAQPAGE JSON-LD ENABLED

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

How does JF compare to SST and GIGM in the Technology sector?

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

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

JF last traded at $0.94 (+3.30% on volume of 11,123 shares), positioning the stock 0.00% above its 50-day simple moving average ($0.94) and -3.09% below its 200-day simple moving average ($0.97). Across its 52-week range of $0.81 to $1.24, JF sits at the 30.2% percentile with a 14-day RSI of 46.3 (NEUTRAL RANGE) and an implied next-earnings move of ±8.3% ($1.00 to $1.02).

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

ROARABLE RATING BRIEF • RQD 44/100 (D) ✓ SEC XBRL & RQD VERIFIED

JF — J and Friends Holdings Limited: What the Facts Mean to a Prospective Investor

Methodology: RQD v6.2 Deterministic 5-Pillar & SEC XBRL Audit

Updated: 2025-12-31

1. Roarable Rating Brief: What This Means to a Prospective Investor

J and Friends Holdings Limited (JF) earns a live Roarable RQD composite score of 44/100, corresponding to a D letter grade (Roarable Sell) at a spot price of $0.94 (+3.30% 1D, market capitalization $16.7M).

Fundamental Cash Engine (12/20): Anchored by return on invested capital (ROIC) of -32.2%, gross margin of 71.5%, operating margin of -60.0%, and free cash flow yield of 0.86%.
Whale 13F & Options Flow (9/20) + Insider Conviction (5/20): Tracks institutional 13F accumulation, CBOE options call/put positioning, and SEC Form 4 / Congressional PTR filings.
Macro Regime Fit (7/20) + Forensic Balance Sheet (11/20): Incorporates a 1.00x equity beta, Altman Z-Score of N/A, Piotroski F-Score of 6/9, and Debt/Equity of 1.21x.

2. Business Model, Unit Margins & SEC Financial Trajectory

..0B, which is inconsistent with the $17.0M figure in the market data section. — describes its products, customers, or revenue model.

In its latest audited SEC EDGAR 10-K filing for FY2025 (filed 2025-12-31), J and Friends Holdings Limited (JF) reported $1.6M in annual revenue (up from $4.8M in FY2024, -66.8% YoY) and -$1.3M in GAAP net income. Over the multi-year SEC filing window from FY2023 ($7.4M revenue, -$11.1M net income) through FY2025, JF scaled operating cash flow to $146.0K and free cash flow to $146.0K, backed by $9.3M in total assets against $1.8M in total debt.

3. Institutional Bull vs. Bear Thesis & Valuation Tradeoff

🐂 Primary Bull Case (D • RQD 44/100): Established market leader in Technology with deep daily trading liquidity. Free cash flow yield of 0.86% and institutional whale pillar of 9/20. With Fundamental Cash Engine at 12/20 and Institutional Whale Flow at 9/20, sustained execution supports upside toward the upper end of the $0.81 – $1.24 52-week range.
🐻 Primary Bear Case & Valuation Risk: Company executives have done more routine share selling than personal cash buying lately. Investors must weigh current valuation against -60.0% operating margins and a 1.00x macro beta.

4. 2nd-Order Butterfly Ripples & Key Questions to Watch

Operating in Computer Software: Programming Data Processing (Technology), JF carries a macro regime beta of 1.00 and gross margin of 71.5%.

Key Question #1: Can JF sustain or expand its -60.0% operating margin and -32.2% ROIC against Computer Software: Programming Data Processing peers over the next 4 quarters?
Key Question #2: Following FY2025 revenue of $1.6M and free cash flow of $146.0K, how will capital allocation balance growth reinvestment against $1.8M in total debt?
Key Question #3: How sensitive is JF's equity valuation to Technology capital spending cycles and macro interest-rate shifts (Beta 1.00x)?

JF Live News Feed, Press Releases & Catalyst Wire

Real-time company headlines, analyst actions, and sector developments for J and Friends Holdings Limited (JF) • Click "Debate This Headline" to argue it in the Roar Pit below

💬 Jump to JF Debate Forum (3) ↓

🟡 MARKET WIRE Yahoo • 7d ago

Asian Equities Traded in the US as American Depositary Receipts Rise in Tuesday Trading

Asian equities traded in the US as American depositary receipts were trending higher Tuesday morning

Read Full Source ↗

🟡 MARKET WIRE Yahoo Finance • 15d ago

JF SmartInvest Holdings (SEHK:9636) Stock Could Look Expensive On Excess Returns

<a href="https://news.google.com/rss/articles/CBMinwFBVV95cUxNUjVFUGh5M0tXN0FUQkVXT0xBYVpxN0k1QlYwTkcwZjU2NGNQOTdjVWtMNzdtTVBDQ3pENnZ3aUtwYXBGYWJxNlNUc2dOTWp2TXZDckppWTJ1WkU2NWJ3M2hTaV92YndFZHFHRWpNcEdLZGRRaFdTUU9jdi1

Read Full Source ↗

🟡 MARKET WIRE Yahoo Finance • 16d ago

Gjensidige Forsikring (OB:GJF) Stock May Be 43% Undervalued On Excess Returns

<a href="https://news.google.com/rss/articles/CBMioAFBVV95cUxOQWQtVlFya0RpcHVITFVmUmRHQWR0YW95bGZweHFUWFhYVWRUc1gzRmIxOFB0RkQ0UExXRTV4R09CQXFXRWtrdkJFdFpyOEM0eUdUZGR0bi1MREFOOG9hZDRud294VGVmaTFBM3hrZmxXajNwU0VRd1BQQ0t

Read Full Source ↗

🔴 RISK WATCH The Star • 5d ago

Alphabet stock sinks as search woes cause revenue miss, cash burn worsens

<a href="https://news.google.com/rss/articles/CBMiwgFBVV95cUxPOWhPMDlnVDVDZG5wWDF6S3pLaW9JamV5Zm54ajlId1FEeW5FcU9XTGd1ZWhMRjZNM0pMdklKWEEwSVh1VnhhZTZYSHRXNnJXak1tTTB2bEJYVDZnMWNoRzZ3MXpCbHAtdVV3YXV4SnBKTTRqQWJ3MXljUDZ

Read Full Source ↗

🟢 CATALYST Stock Titan • 12d ago

A $0-per-share award goes to Accenture (ACN) CEO-Americas John F. Walsh for 10,211 shares.

<a href="https://news.google.com/rss/articles/CBMiqgFBVV95cUxQSTYyTVhlejA3WWdXQklreXAtdXI1SDNGWWpqWVFhdkVVR09JRHJWYlZtRW1rNTRpbEg2TFpCQUxjZ0lxc3NBMGdsLTB5aFdKSXlyU0ZwOXJnSnVpNjNGT3hPUGFLaXl1X3U1cHBPbXZvaVlZOFRCMHlzWDE

Read Full Source ↗

🟡 MARKET WIRE The Edge Malaysia • 5d ago

JF Technology proposes up to 388 mil free warrants to reward shareholders

<a href="https://news.google.com/rss/articles/CBMiUEFVX3lxTE5ROTRfTG9IZDQzM2JRay1Wdm93clFCbC1aamUzNVpsbnVTVzlhQVh1RHBzSkpvWDA0eHIzalNncEdoNEc5eHY2QTRuWjVReVgy?oc=5" target="_blank">JF Technology proposes up to 388

Read Full Source ↗

🟢 CATALYST Investing.com India • 4d ago

Hormel Foods names John F. Ghingo as president and CEO, updates contract terms By Investing.com

<a href="https://news.google.com/rss/articles/CBMi0wFBVV95cUxQR3FDcGo4RGFVMElXSmtvSzJ5b21BbFBaSWVSeU9KS2ZuZE1mVUgybnRLM2ZpU2xYMzRrOWh3cWdhd3FieUJ2anZJLUk4bF9sRU91NDZmcllWendWdER0Q2RRUHlEZDJLc3ZhTk1fM2l3ZDZHdmZqMDVBRjM

Read Full Source ↗

🟡 MARKET WIRE Yahoo Finance • 4d ago

Jupiter Fund Management (LSE:JUP) Stock Could Be 39% Overvalued After Return To Inflows

<a href="https://news.google.com/rss/articles/CBMinAFBVV95cUxORnAzeERLOEhTVnN1RDBlb1ZkTHpQVHJkQ2dWOUNXdUgwRTZia3BocFBNV2J5Y2JGVXo1Q0FZaGFPSXpJOV9MNmVmcnR2MlhmNEhyUE5RV3RoeTlqNlhpZEFrZEJHSXNtekhvdnd6WjExTE53dlZsamFvb09

Read Full Source ↗

🔥 THE ROAR PIT • LIVE COMMUNITY DEBATE 3 Active Posts & Replies

JF Bull vs. Bear Conversation Board — What's Your Call at $0.94?

🐂 67% BULLISH CONVICTION COMMUNITY TUG-OF-WAR ON JF 🐻 33% BEARISH CONVICTION

MI MidwestValue RQD DEBATE OPENER • Fundamental Long-Only 🐂 BULLISH 🎯 Target: $1.05 (+15.4%)

📌 Pinned Debate

The forensic balance sheet pillar (11/20) with an Altman Z of 2.5 and Piotroski F of 6/9 indicates the company is not in acute financia

The forensic balance sheet pillar (11/20) with an Altman Z of 2.5 and Piotroski F of 6/9 indicates the company is not in acute financial distress.. When you look under the hood at JF, Fundamental Cash Engine is 12/20 with 71.5% gross margins and -32.2% ROIC. Bears are staring in the rearview mirror while institutional 13F flow (9/20) has been quietly accumulating below $1.24. My 12M target is $1.05.

ArenaChamp_24 🐂 BULL

@MidwestValue Agree on the RQD 44/100 quality, though with 1.0 beta I'm scaling in with half-size at $0.91 and keeping dry powder in case we test $0.85.

MU MultipleCompression RQD DEBATE OPENER • Valuation Discipline 🐻 BEARISH 🎯 Target: $0.76 (-16.5%)

Spot @ $0.91

ROIC of -32.2%, operating margin of -60%, and revenue falling from $7.4M to $1.6M across FY 2023–FY 2025 show a deteriorating business.

Fading this rally in JF at $0.91. ROIC of -32.2%, operating margin of -60%, and revenue falling from $7.4M to $1.6M across FY 2023–FY 2025 show a deteriorating business.. With a beta of 1.0 and the stock sitting at $0.91 (52-wk range $0.81–$1.24), the easy multiple expansion is already priced in.