CONX Corp.
Real Estate · Real Estate Operators (No Developers) & Lessors · NV · SEC filings ↗ · Compare ⊕
Financials
SEC XBRL · annual| FY24 | FY23 | FY22 | FY21 | FY20 | |
|---|---|---|---|---|---|
| Revenue | $21,089 | — | — | — | — |
| Operating income | −$3.8M | −$1.2M | −$888,749 | −$555,487 | −$162,382 |
| Net income | $2.7M | −$6.0M | $24.2M | $19.4M | $2.1M |
| Total assets | $198.0M | $22.0M | $85.7M | $750.9M | $751.2M |
| Total liabilities | $211.1M | $40.0M | $33.2M | $52.7M | $72.4M |
| Equity | −$13.1M | −$40.0M | −$31.8M | −$51.8M | $0 |
| EPS (diluted) | — | — | — | — | — |
| Shares out. | — | — | — | — | — |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2024- Operating margin
- −17855.7%
- Net margin
- 12684.2%
- Return on equity
- −20.4%
- Return on assets
- 1.4%
- Return on capital (ROCE)
- −1.9%
- Liabilities / assets
- 106.6%
- Debt / equity
- —
- Book value / share
- —
- Revenue growth (YoY)
- —
- Net income growth (YoY)
- —
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2024- Altman Z″ (distress)
- 3.54safe
- Accruals / assets
- 3.8%clean
- Piotroski F-Score
- 4/6mixed
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.
Signs
● 2 severe● 3 warning● 2 good- Negative shareholder equity
- Filed a late-filing notice (Form NT) — missed an SEC deadline
- Operating losses (negative operating margin)
- High leverage (liabilities > 70% of assets)
- Negative operating cash flow
- Clean earnings (low accruals)
- Altman Z″ in the safe zone
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Risk flags
late SEC filings- NT 10-Qmissed a reporting deadline ↗May 15, 2026
- NT 10-Kmissed a reporting deadline ↗Mar 31, 2026
- NT 10-Qmissed a reporting deadline ↗Nov 14, 2025
- NT 10-Qmissed a reporting deadline ↗Aug 14, 2025
- NT 10-Qmissed a reporting deadline ↗May 15, 2025
- NT 10-Kmissed a reporting deadline ↗Apr 1, 2025
A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.
Insider transactions
SEC Form 4 · most recent| Insider | Date | Type | Shares | Price |
|---|---|---|---|---|
| Ergen Charles WOfficer — Chairman | May 1, 2024 | Conversion | 18.8M | — |
| Moore Capital Management, Lp10% owner | Apr 29, 2024 | Sell | 1.5M | $10.60 |
| Jericho Capital Asset Management L.P.10% owner | Jun 2, 2023 | J | 4.0M | $10.19 |
Headline trade per Form 4 (officers, directors, 10%+ owners). Buy/sell read from the filing's structured data — blank where a field isn't cleanly tagged.
Material events
SEC Form 8-K · most recent- Entered a material agreementJun 1, 2026
- Entered a material agreement · Completed an acquisition or disposition · Regulation FD disclosureDec 6, 2024
- Completed an acquisition or dispositionNov 18, 2024
- Entered a material agreement · New financial obligationSep 30, 2024
- Delisting / listing-standard noticeJul 24, 2024
- Completed an acquisition or disposition · Unregistered equity sale · Modified shareholder rights · Amended charter or bylaws · Item 5.06May 7, 2024
- Delisting / listing-standard noticeMay 3, 2024
- Entered a material agreement · Unregistered equity sale · Regulation FD disclosure · Other material eventMay 2, 2024
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗- 8-KFORM 8-KJun 1, 2026
- NT 10-QMay 15, 2026
- 10-QApr 13, 2026
- NT 10-KMar 31, 2026
- 10-QMar 16, 2026
- 10-QFeb 2, 2026
- 10-K/AFeb 2, 2026
- 10-KNov 28, 2025
- 8-K/AFORM 8-K/ANov 28, 2025
- NT 10-QNov 14, 2025
- NT 10-QAug 14, 2025
- NT 10-QMay 15, 2025
- 4OWNERSHIP DOCUMENTApr 3, 2025
- 4OWNERSHIP DOCUMENTApr 3, 2025
- 4OWNERSHIP DOCUMENTApr 3, 2025
Event-driven situations (1)
Spot an error in this record? Report it. Every correction is verified against the source filing before we change anything.