# 1606 Corp. (CBDW) · Edgar & Edgarette company card

> 1606 (CBDW) saw revenue fall 100% in FY2025 to $0 million, operating margin null against a 0.9% median for prepackaged software, equity -20067% of assets. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 1877461 · fiscal year ended 2025-12-31 · 5 audited years read · [page](https://www.pops4.com/boards/company/CBDW) · [JSON](https://www.pops4.com/boards/company/CBDW.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $0 |
| Revenue growth, 1 year | -100.0% |
| Revenue growth per year | — |
| Operating margin | -Infinity% (prior year -57516.0%) |
| Net margin | -Infinity% |
| Operating cash flow | −$460,779 |
| Capital spending | — |
| Free cash flow | — |
| Cash | $0 |
| Long-term debt | $2M |
| Total assets | $16,058 |
| Total equity | −$3M |
| Equity ÷ assets | -20066.7% |
| Return on equity | — |
| Dividend per share | — |
| Dividend years rising | — |

## Readings, computed from those figures

- Altman Z: -3191.91 (distress zone)
- Piotroski F: 3 of 9 (middling)
- Health Harbor boat: Old boat · three warning signs · liabilities exceed assets (often from years of share buybacks, not always distress); operating cash flow was negative (-$461K in FY2025); operating loss: a margin of -Infinity% in FY2025

## Edgarette's reading

Exposure: revenue $0K (FY2025), total debt $2.1M. Experience: revenue down 100.0% on the year; operating margin null, down from -57516.0%. Soundness: equity -20066.7% of assets (liabilities exceed assets). Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $0K and $0K 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 (140 filers, $50M+ revenue, services-prepackaged software): operating margin null against a 0.9% median; growth -100.0% against 13.0%.

Range logged 2026-09-20, receipt e6845f1979eae000, status open. A statistical range, not company guidance.

## Health Watch, last 12 months

- Item 5.02 Director or officer change: 1, latest 2026-07-24 ([filing](https://www.sec.gov/Archives/edgar/data/1877461/000147793226004503/0001477932-26-004503-index.htm))

## Recent filings

- 8-K · filed 2026-10-06 · 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1877461/000147793226006060/0001477932-26-006060-index.htm)
- 8-K · filed 2026-10-02 · 1.01 Entry into a Material Definitive Agreement; 1.02 Termination of a Material Definitive Agreement; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1877461/000147793226006027/0001477932-26-006027-index.htm)
- 8-K · filed 2026-09-16 · 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1877461/000147793226005633/0001477932-26-005633-index.htm)
- 8-K · filed 2026-09-08 · 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1877461/000147793226005436/0001477932-26-005436-index.htm)
- 8-K · filed 2026-08-25 · 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1877461/000147793226005256/0001477932-26-005256-index.htm)
- 10-Q · filed 2026-08-14 · [filing](https://www.sec.gov/Archives/edgar/data/1877461/000147793226005063/0001477932-26-005063-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0001877461.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1877461

## Cite

POPS4, Edgar & Edgarette: 1606 Corp. (CBDW) company card, from the company's own SEC filings, accessed 2026-11-04, https://www.pops4.com/boards/company/CBDW. 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.