# First America Resources Corporation (MEGR) · Edgar & Edgarette company card

> First America Resources (MEGR) grew revenue 15.9% in FY2025 to $19 million, operating margin -1.0% against a 4.9% median for electronic parts & equipment, equity -23.8% of assets. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 1525306 · fiscal year ended 2025-12-31 · 5 audited years read · [page](https://www.pops4.com/boards/company/MEGR) · [JSON](https://www.pops4.com/boards/company/MEGR.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $19M |
| Revenue growth, 1 year | 15.9% |
| Revenue growth per year | — |
| Operating margin | -1.0% (prior year 1.8%) |
| Net margin | 0.0% |
| Operating cash flow | $79,517 |
| Capital spending | $2,729 |
| Free cash flow | $76,788 |
| Cash | $276,855 |
| Long-term debt | — |
| Total assets | $7M |
| Total equity | −$2M |
| Equity ÷ assets | -23.8% |
| Return on equity | — |
| Dividend per share | — |
| Dividend years rising | — |

## Readings, computed from those figures

- Altman Z: -4.95 (distress zone)
- Piotroski F: 7 of 9 (solid)
- Health Harbor boat: Rotting at the dock · four or more warning signs · filed late annual report notice, late quarterly report notice in the last 12 months; liabilities exceed assets (often from years of share buybacks, not always distress); operating loss: a margin of -1.0% in FY2025; revenue is hard to predict: its 80% range is ±28%

## Edgarette's reading

Exposure: revenue $18.8M (FY2025). Experience: revenue up 15.9% on the year; operating margin -1.0%, down from 1.8%. Soundness: equity -23.8% of assets (liabilities exceed assets). Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $16.0M and $28.7M next year (method v3, set from 749 SEC company-years; on a year the method never saw, 83% landed inside). A statistical range, not company guidance. Against peers (8 filers, $50M+ revenue, its industry group): operating margin -1.0% against a 4.9% median; growth 15.9% against 10.0%.

Range logged 2026-09-28, receipt 706a80951fab7260, status open. A statistical range, not company guidance.

## Health Watch, last 12 months

- Item NT 10-K Late annual report notice: 1, latest 2026-04-01 ([filing](https://www.sec.gov/Archives/edgar/data/1525306/000147793226001902/0001477932-26-001902-index.htm))
- Item NT 10-Q Late quarterly report notice: 1, latest 2025-11-17 ([filing](https://www.sec.gov/Archives/edgar/data/1525306/000147793225008370/0001477932-25-008370-index.htm))
- Item 5.02 Director or officer change: 1, latest 2026-09-25 ([filing](https://www.sec.gov/Archives/edgar/data/1525306/000147793226005807/0001477932-26-005807-index.htm))

## Recent filings

- 8-K · filed 2026-10-02 · 5.03 Amendments to Articles or Bylaws; Change in Fiscal Year · [filing](https://www.sec.gov/Archives/edgar/data/1525306/000147793226005967/0001477932-26-005967-index.htm)
- 8-K · filed 2026-09-25 · 5.02 Departure or Election of Directors; Appointment of Officers · [filing](https://www.sec.gov/Archives/edgar/data/1525306/000147793226005807/0001477932-26-005807-index.htm)
- 10-Q · filed 2026-08-13 · [filing](https://www.sec.gov/Archives/edgar/data/1525306/000147793226004986/0001477932-26-004986-index.htm)
- 10-Q · filed 2026-05-15 · [filing](https://www.sec.gov/Archives/edgar/data/1525306/000147793226003147/0001477932-26-003147-index.htm)
- 10-K · filed 2026-04-01 · [filing](https://www.sec.gov/Archives/edgar/data/1525306/000147793226001906/0001477932-26-001906-index.htm)
- 10-Q · filed 2025-11-17 · [filing](https://www.sec.gov/Archives/edgar/data/1525306/000147793225008371/0001477932-25-008371-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0001525306.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1525306

## Cite

POPS4, Edgar & Edgarette: First America Resources Corporation (MEGR) company card, from the company's own SEC filings, accessed 2026-11-13, https://www.pops4.com/boards/company/MEGR. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.