Totals cover Year to date · Jan – Oct 2026. Charts show the history behind them, by quarter.

Revenue by account, by quarter

Wholesale distributionRetail & e-commerceService & installation

The revenue story

Revenue reached $3.49M in the year to date (Jan–Oct 2026), and it leans on one engine: Wholesale distribution carries about 70% of the top line, with retail and direct filling the rest. That's about 34% ahead of the same period last year, so this reads as a genuine ramp rather than a one-off spike.

The flip side of that strength is concentration. With wholesale doing most of the work and a handful of large accounts behind it (Cascade Outfitters alone sits on $155K of open receivables), the base is more exposed to any single customer or channel than the headline growth suggests. Worth keeping the pipeline broad enough that one slow quarter from a top account doesn't set the whole number back.

AIClick to edit

Revenue composition

Year to date · Jan – Oct 2026

By channel

Name	Revenue	Share
Wholesale distribution	$2,447,587	70%
Retail & e-commerce	$743,672	21%
Service & installation	$293,946	8%
Total	$3,485,205	100%

By customer

Name	Revenue	Share
Cascade Outfitters	$825,253	24%
Summit Supply Group	$658,406	19%
Harbor & Main Hardware	$427,414	12%
Pioneer Building Co.	$346,537	10%
Lakeshore Mercantile	$336,017	10%
Redwood Distribution	$252,341	7%
Bluebird Retail Partners	$203,934	6%
Granite City Tools	$157,570	5%
Foster's Farm & Feed	$144,663	4%
Everett Trading Post	$133,070	4%
Total	$3,485,205	100%

Revenue momentum

Revenue

$3.5M

this period

Revenue vs last year

+33.7%

same period last year

Net income

$280k

this period

Net income vs last year

+149.9%

same period last year

Revenue concentration· Year to date · Jan – Oct 2026

Top 5 of 10 customers = 74% of revenue — concentrated

Cascade Outfitters24%
Summit Supply Group19%
Harbor & Main Hardware12%
Pioneer Building Co.10%
Lakeshore Mercantile10%

What I'd do

1
Back Wholesale distribution
Wholesale distribution is up $640,725 (35%) on YTD Oct 2025 and is now 70% of revenue. Make sure its pricing and capacity keep up — this is where the growth is.

Suggestions from these numbers, not professional advice.

Revenue by quarter

Line item	Δ$	Δ%	% of rev
Revenue(3)	+$878,619	+33.7%	100.0% → 100.0%
Cost of goods sold(3)	−$527,171	−33.7%	60.0% → 60.0%
Gross profit	+$351,448	+33.7%	40.0% → 40.0%
Operating expenses(7)	−$174,000	−19.3%	34.6% → 30.9%
Operating income	+$177,448	+126.4%	5.4% → 9.1%
Other income	—	—	0.0% → 0.0%
Other expense(1)	−$9,600	−33.8%	1.1% → 1.1%
Net income	+$167,848	+149.9%	4.3% → 8.0%

Variances

Moves over $25,000 · vs Oct 31, 2025 YTD

Every account whose swing cleared materiality, biggest first — smaller moves stay out as noise. The arrow shows direction only; whether a move is good or bad depends on the line.

Account	Prior	Current	Change
Wholesale distributionRevenue	$1,806,862	$2,447,587	↑ $640,725(35%)
Product & materialsCost of sales	($1,328,452)	($1,776,244)	↓ $447,792(34%)
Retail & e-commerceRevenue	$569,148	$743,672	↑ $174,524(31%)
Payroll & benefitsOperating expenses	($484,500)	($592,500)	↓ $108,000(22%)
Service & installationRevenue	$230,576	$293,946	↑ $63,370(27%)
Freight & logisticsCost of sales	($156,998)	($209,920)	↓ $52,922(34%)
Sales & marketingOperating expenses	($106,750)	($148,750)	↓ $42,000(39%)
Warehouse laborCost of sales	($78,501)	($104,958)	↓ $26,457(34%)

Wholesale distribution
Revenue
↑ $640,725
35%
$1,806,862→$2,447,587
Product & materials
Cost of sales
↓ $447,792
34%
($1,328,452)→($1,776,244)
Retail & e-commerce
Revenue
↑ $174,524
31%
$569,148→$743,672

Common-size trend

Every line as a share of revenue, period over period — watch a cost ratio drift.

Latest period vs a year ago — the full trend shows on a larger screen.

Line item	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26	Q2 '26	Q3 '26	Q4 '26


Gross profit

Operating income
Other income

Net income

Liquidity by quarter

Current ratio + quick ratio (excludes inventory); dashed = 1.0× coverage

Hover a point for the account balances behind it · click to pin the detail

Line item	Q2 '25	Q3 '25	Q4 '25	Q1 '26	Q2 '26	Q3 '26	Oct '26
Current assets
Cash & bank accounts(2)	$364,967	$326,845	$285,631	$252,355	$210,864	$174,672	$160,000
Accounts receivable(1)	$357,402	$412,176	$472,704	$529,953	$585,067	$632,361	$650,000
Inventory(2)	$345,562	$418,168	$503,716	$581,390	$655,801	$734,217	$760,000
Prepaid expenses(1)	$35,025	$36,890	$39,513	$41,851	$44,627	$47,199	$48,000
Total current assets	$1,102,956	$1,194,079	$1,301,564	$1,405,549	$1,496,359	$1,588,449	$1,618,000
Non-current assets
Property, plant & equipment(3)	$416,259	$435,302	$451,535	$470,811	$481,858	$505,350	$510,000
Other long-term assets(1)	$34,024	$34,750	$35,994	$35,709	$36,526	$38,250	$38,000
Total non-current assets	$450,283	$470,052	$487,529	$506,520	$518,384	$543,600	$548,000
Total assets	$1,553,239	$1,664,131	$1,789,093	$1,912,069	$2,014,743	$2,132,049	$2,166,000

Current liabilities
Accounts payable(1)	$213,994	$255,965	$290,021	$329,665	$365,341	$405,291	$420,000
Accrued expenses(1)	$61,515	$69,859	$78,360	$86,269	$92,034	$100,475	$104,000
Short-term debt(2)	$59,811	$59,078	$97,898	$156,899	$211,363	$270,578	$290,000
Total current liabilities	$335,320	$384,902	$466,279	$572,833	$668,738	$776,344	$814,000
Non-current liabilities
Long-term debt(1)	$427,725	$374,795	$332,779	$279,207	$235,050	$189,375	$171,000
Total non-current liabilities	$427,725	$374,795	$332,779	$279,207	$235,050	$189,375	$171,000
Total liabilities	$763,045	$759,697	$799,058	$852,040	$903,788	$965,719	$985,000
Equity
Contributed capital(1)	$250,000	$250,000	$250,000	$250,000	$250,000	$250,000	$250,000
Retained earnings(1)	$540,194	$654,434	$740,035	$810,029	$860,955	$916,330	$931,000
Total equity	$790,194	$904,434	$990,035	$1,060,029	$1,110,955	$1,166,330	$1,181,000
Total liabilities & equity	$1,553,239	$1,664,131	$1,789,093	$1,912,069	$2,014,743	$2,132,049	$2,166,000

In balance — total assets equal total liabilities + equity.

Commentary

As of Oct '26

The balance sheet grew from $1.71M to $2.17M over the year, but the mix tells the real story: cash fell from $315K to $160K while receivables climbed to $650K and inventory to $760K. The growth on the income statement is real. It's just sitting on the shelf and in customers' hands rather than in the bank.

The funding side shows how that gap got covered: trade payables stretched to $420K, and a $230K line of credit appeared where there was none a year ago. Equity still grew $235K on retained earnings, so the business is building value, but the current ratio slipping from 3.08 to 1.99 says the cushion is thinning, and inventory is the biggest lever for pulling cash back out.

All the ratios — for your lender or accountant

Metric	Year to date · Jan – Oct 2026	Same period last year	Change
Profitability
Gross margin	40.0%	40.0%	+0.0 pts
Operating margin	9.1%	5.4%	+3.7 pts
Net margin	8.0%	4.3%	+3.7 pts
Returns on capital
Return on equity (ann.)	28.4%	—	—
Return on assets (ann.)	15.5%	—	—
Return on capital employed (ann.)	28.2%	—	—
Leverage
Net debt (debt − cash)	$301,000	—	—
Interest coverage (EBIT ÷ interest)	8.4×	—	—
Debt-to-equity	0.39	—	—
Liquidity & runway
Current ratio	1.99	3.08	−1.09
Quick ratio	1.05	1.96	−0.90
Days cash on hand	15 days	—	—
Working-capital cycle
Days sales outstanding (DSO)	58 days	—	—
Days inventory outstanding (DIO)	113 days	—	—
Days payable outstanding (DPO)	62 days	—	—
Cash conversion cycle	108 days	—	—
Asset turnover (ann.)	1.9×	—	—
Inventory turnover (ann.)	3.3×	—	—

Margins and returns cover the year to date (Jan – Oct 2026). Balance-sheet ratios are as of its last day; days to collect, sell and pay use the 12 months to that date, as standard.

Variances

Moves over $32,000 · vs prior close

Every account whose swing cleared materiality, biggest first — smaller moves stay out as noise. The arrow shows direction only; whether a move is good or bad depends on the line.

The balance sheet did this year's financing. Trade receivables climbed $220K to $650K and finished goods rose $170K to $470K as the business scaled, close to $400K of cash tied up in working capital ahead of the sales it supports. That gap got covered two ways: trade payables stretched $152K to $420K, and a line of credit that was untouched a year ago now carries $230K.

Retained earnings still rose $235K to $931K, so the strain is liquidity, not earnings. The business is genuinely profitable. The term loan fell $189K to $171K on schedule, but with the new $230K drawn on the line, total borrowing is up rather than down. The receivables and inventory build is where to look first to pull cash back out.

AIClick to edit

Account	Prior	Current	Change
Retained earningsEquity Profits kept in the business. The year was genuinely profitable, which confirms the strain is liquidity (where the cash went), not earnings. AIClick to edit	$696,000	$931,000	↑ $235,000(34%)
Line of creditCurrent liabilities A revolver that was untouched a year ago is now drawn: the clearest sign growth has outrun internal cash. Set a paydown plan before the balance becomes structural. AIClick to edit	—	$230,000	↑ $230,000(new)
Trade receivablesCurrent assets Customers owe more as sales scaled: healthy growth in part, but the climb outpacing revenue points to slower collections. Worth checking days-to-collect and the aged balances for anyone stretching out. AIClick to edit	$430,000	$650,000	↑ $220,000(51%)
Term loanNon-current liabilities Scheduled principal paydown: a favorable, deleveraging move, though it competes with the line of credit for the same cash. AIClick to edit	$360,000	$171,000	↓ $189,000(53%)
Finished goodsCurrent assets More stock on the shelf ahead of demand. It supports the growth, but it ties up cash, so confirm it's matched to a real sales ramp rather than slow-moving SKUs. AIClick to edit	$300,000	$470,000	↑ $170,000(57%)
Trade payablesCurrent liabilities The business is leaning on suppliers to help fund the build. Manageable while terms are honored, but it's effectively short-term credit worth keeping an eye on. AIClick to edit	$268,000	$420,000	↑ $152,000(57%)
Raw materialsCurrent assets Input inventory built up, likely ahead of a production or sales ramp. Fine if it turns quickly; a cash drag if it's overbuying. AIClick to edit	$150,000	$290,000	↑ $140,000(93%)
Operating checkingCurrent assets Cash drawn down to fund the year's working-capital build. Worth confirming the balance still covers a comfortable buffer of operating expenses. AIClick to edit	$220,000	$120,000	↓ $100,000(45%)
Business savingsCurrent assets Reserve cash moved into operations as growth consumed liquidity. Rebuilding it belongs on the plan once receivables and inventory normalize. AIClick to edit	$95,000	$40,000	↓ $55,000(58%)
Warehouse equipmentNon-current assets Capital invested in capacity, financed partly by the new debt: a scaling signal. Watch that the added capacity earns its keep. AIClick to edit	$290,000	$340,000	↑ $50,000(17%)
Accrued payroll & taxesCurrent liabilities Accrued wages and taxes rose with headcount and timing: routine, as long as the cash is set aside for the next payroll run and remittance. AIClick to edit	$72,000	$104,000	↑ $32,000(44%)

Retained earnings
Equity
↑ $235,000
34%
$696,000→$931,000
Profits kept in the business. The year was genuinely profitable, which confirms the strain is liquidity (where the cash went), not earnings.
AIClick to edit
Line of credit
Current liabilities
↑ $230,000
new
—→$230,000
A revolver that was untouched a year ago is now drawn: the clearest sign growth has outrun internal cash. Set a paydown plan before the balance becomes structural.
AIClick to edit
Trade receivables
Current assets
↑ $220,000
51%
$430,000→$650,000
Customers owe more as sales scaled: healthy growth in part, but the climb outpacing revenue points to slower collections. Worth checking days-to-collect and the aged balances for anyone stretching out.
AIClick to edit

Money in and out, week by week — customers pay you about as slowly as they have been, bills go out on your terms, and what's already owed either way is counted in.

Cash for the next 13 weeks

Do this: Cash gets thin in the week ending Dec 2. Find $32,400 before then: collect overdue invoices early, or hold off on spending that can wait.

Cash today

$160,000

Ending cash by week

Likely range

Week endingCash at the end of it

Today$160,000

TapClick a week for its detail.

Week by week$160,000 today → $304,000 in 13 weeksShow

Starting cash

$160,000

Projected in 13 weeks

$304,000

Week ending
Cash in	$26k	$34.1k	$37.5k	$38.8k	$115.2k	$115.2k	$89.2k	$89.2k	$179.8k	$95.3k	$94.4k	$89k	$89k
Cash out	$83.1k	$45.7k	$88.2k	$31.4k	$35.7k	$67.5k	$89.7k	$96.2k	$93.3k	$104.4k	$69k	$59.4k	$85.1k
Net change	−$57.1k	−$11.6k	−$50.7k	$7.4k	$79.5k	$47.7k	−$500	−$7k	$86.5k	−$9.1k	$25.4k	$29.6k	$3.9k
Ending cash	$102.9k	$91.3k	$40.6k	$48k	$127.5k	$175.2k	$174.7k	$167.7k	$254.2k	$245.1k	$270.5k	$300.1k	$304k

Edit cash inflowsWhat you expect to bill, and each money-in line — 2 linesEdit

Expected revenue

Customers take about 58 days to pay you

What you expect to bill each month — pre-filled from your books, usually last year’s same month grown at this year’s pace so far (each month says how); this month counts only the days still to come. We turn it into weekly cash using how long your customers take to pay; what they already owe you comes in automatically in the inflows below.

Nov 12–30

$

Your recent monthly average ($388,100), × 19 of 30 days still to come this month

Dec 2026

$

Your recent monthly average ($388,100)

Jan 2027

$

Your recent monthly average ($388,100)

Feb 2027

$

Your recent monthly average ($388,100) (only Feb 1–10 falls inside these weeks)

Cash inflows

$1,092,700/ 13 wks

~$364,233 / month

Sort by

	Frequency	Amount
Collections — opening A/R	How oftenCollections (DSO)	Amount$49,738	Over 13 weeks$646,60013 wk	Next dateNov 12, 2026
Revenue collections	How oftenCollections (DSO)	Amount$89,220	Over 13 weeks$446,10013 wk	Next dateJan 7, 2027

Edit cash outflowsEach bill’s amount, timing and how it’s paid — 10 linesEdit

Cash outflows

$948,700/ 13 wks

~$311,033 / month est. burn

Sort by

	Frequency	Amount		Paid via
Payables — opening A/P	How oftenPayables (DPO)	Amount$46,678	Over 13 weeks$420,10013 wk	Paid via	Next dateNov 12, 2026
Payroll & benefits	How often	Amount	About a month$67,600	Paid via	Next date
Inventory purchases	How oftenInventory (DIO)	Amount$36,900	Over 13 weeks$147,60013 wk	Paid via	Next dateJan 14, 2027
Sales & marketing	How often	Amount	About a month$16,100	Paid via	Next date
Rent & occupancy	How often	Amount	About a month$14,500	Paid via	Next date
Software & subscriptions	How often	Amount	About a month$7,100	Paid via	Next date
Office & other G&A	How often	Amount	About a month$5,800	Paid via	Next date
Other payments	How oftenTiming-based	Amount$900	Over 13 weeks$11,70013 wk	Paid via	Next dateNov 12, 2026
Insurance	How often	Amount	About a month$3,600	Paid via	Next date
Professional fees	How often	Amount	About a month$3,200	Paid via	Next date

12 months · totals are live

Annual revenue

$4,086,567

Operating income

$282,228

6.9% operating margin

Gross margin

40.0%

$1,634,628 gross profit

Build your year month by month. Edit any cell, rename or add lines, or use the fill icon beside a line to copy Jan across the rest. Enter a cost in dollars, or flip it to a % of revenue with the $ / % switch — the dollars fall out automatically. Switch Monthly / Quarterly any time — your numbers carry over. The download recomputes in Excel.

On a phone, swipe the table sideways to reach later columns and each line's fill and $ / % controls — or tap Quarterly above for fewer columns to edit.

Months 1–6 of 12

Line	Jan	Feb	Mar	Apr	May	Jun	FY total
Revenue
							$2,886,737
							$861,374
							$338,456

Total revenue	$302,165	$298,773	$341,938	$353,596	$359,529	$344,888	$4,086,567
Cost of sales
							$2,082,730
							$246,140
							$123,069

Gross profit	$120,866	$119,509	$136,775	$141,438	$143,812	$137,956	$1,634,628
Operating expenses
							$748,800
							$193,200
							$174,000
							$85,440
							$69,360
							$43,200
							$38,400

Total operating expenses	$112,700	$112,700	$112,700	$112,700	$112,700	$112,700	$1,352,400
Operating income	$8,166	$6,809	$24,075	$28,738	$31,112	$25,256	$282,228

Years

5 years, built monthly · viewing annual · the download recomputes in Excel

Year 5 revenue

$4,657,020

Year 5 net income

$268,593

5.8% net margin

Ending cash

$1,172,014

Draws up to $27,161 on the revolver

Balance sheet balances and cash ties across all 60 months — the three statements are linked.

What is this pro forma for?

Your business as it runs today, projected forward.

Growth & margins

Starting monthly revenueRevenue growth%Gross margin%Fixed operating expenses / moVariable operating expenses (% of revenue)%Tax rate%

Or build revenue in detail

Recurring Capacity Funnel By stream

Working capital

Days sales outstanding (A/R)dDays inventory (Inventory)dDays payable (A/P)d

Capex & financing

Capex (% of revenue)%Depreciation (% of PP&E / yr)%Interest rate on debt%Debt repayment / monthMinimum cash (revolver floor)Owner distributions (% of net income)%

Opening balance sheet

CashAccounts receivableInventoryNet PP&EAccounts payableDebtPaid-in capital

Set the assumptions above and the three statements project forward, linked: net income flows to retained earnings, capex and depreciation roll the fixed assets, working-capital days drive A/R, inventory and A/P, and the cash-flow statement ties ending cash back to the balance sheet. Switch Monthly / Quarterly / Annual any time.

Income statement

Line	Year 1	Year 2	Year 3	Year 4	Year 5
Revenue	$4,657,020	$4,657,020	$4,657,020	$4,657,020	$4,657,020
Cost of sales	$2,794,212	$2,794,212	$2,794,212	$2,794,212	$2,794,212
Gross profit	$1,862,808	$1,862,808	$1,862,808	$1,862,808	$1,862,808
Operating expenses	$1,352,400	$1,352,400	$1,352,400	$1,352,400	$1,352,400
EBITDA	$510,408	$510,408	$510,408	$510,408	$510,408
Depreciation	$116,253	$129,043	$139,498	$148,042	$155,027
Operating income (EBIT)	$394,155	$381,365	$370,910	$362,366	$355,381
Interest	$15,656	$15,390	$15,390	$15,390	$15,390
Pre-tax income	$378,499	$365,975	$355,520	$346,976	$339,991
Taxes	$79,485	$76,855	$74,659	$72,865	$71,398
Net income	$299,014	$289,120	$280,861	$274,111	$268,593

Balance sheet

Line	Year 1	Year 2	Year 3	Year 4	Year 5
Assets
Cash	$232,842	$464,724	$698,802	$934,675	$1,172,014
Accounts receivable	$750,298	$750,298	$750,298	$750,298	$750,298
Inventory	$877,072	$877,072	$877,072	$877,072	$877,072
Net PP&E	$618,028	$675,265	$722,049	$760,287	$791,541
Total assets	$2,478,240	$2,767,360	$3,048,221	$3,322,331	$3,590,925
Liabilities & equity
Accounts payable	$481,225	$481,225	$481,225	$481,225	$481,225
Debt	$171,000	$171,000	$171,000	$171,000	$171,000
Revolver	$0	$0	$0	$0	$0
Paid-in capital	$0	$0	$0	$0	$0
Retained earnings	$1,826,014	$2,115,134	$2,395,995	$2,670,106	$2,938,699
Total liab. & equity	$2,478,240	$2,767,360	$3,048,221	$3,322,331	$3,590,925
Balance check (≈ 0)	$0	$0	$0	$0	$0

Cash flow

Line	Year 1	Year 2	Year 3	Year 4	Year 5
Cash from operations	$259,123	$418,163	$420,359	$422,153	$423,620
Cash from investing	-$186,281	-$186,281	-$186,281	-$186,281	-$186,281
Debt repayment	$0	$0	$0	$0	$0
Owner distributions	$0	$0	$0	$0	$0
Revolver draw / (repay)	$0	$0	$0	$0	$0
Cash from financing	$0	$0	$0	$0	$0
Net change in cash	$72,842	$231,883	$234,078	$235,872	$237,339
Ending cash	$232,842	$464,724	$698,802	$934,675	$1,172,014

Talk it through

The report is the monologue — this is the conversation. Ask about any number above, push back on a recommendation, or have something explained a different way.

10 of 10 questions left on this report — unlimited with Wauvel CFO.

You're talking directly with AI about your financials. It only sees this report, it can be wrong, and nothing here is accounting, tax, or investment advice.

Watch-outs

Books scan at the time of this report · 13 checks · 3 flagged. A record of the books when this report was made; the live scan, and marking items done, are on the Command Center.

HighBalance sheet$760,000
Inventory hasn't been counted against the books in 140 days
$760K on the balance sheet; last physical count was in April.
For your bookkeeper: Ask your bookkeeper to cycle-count the top 20 SKUs this week and book the adjustment.
MediumSetup & categorization$8,300
Opening Balance Equity still has a balance
This account should be zero once your books are set up.
For your bookkeeper: Ask your bookkeeper to reclassify the $8,300 to the equity or asset account it belongs to, with your accountant's sign-off.
LowCash & reconciliation$2,600
Undeposited Funds hasn't cleared in 40 days
Money recorded as received but not matched to a bank deposit.
For your bookkeeper: Ask your bookkeeper to match the receipts to the bank deposit, or find out why it never landed.

Revenue by account, by quarter

Revenue by quarter

Variances

Common-size trend

Liquidity by quarter

Commentary

Variances

Cash for the next 13 weeks

Expected revenue

Cash inflows

Cash outflows

Income statement

Balance sheet

Cash flow

Talk it through

Watch-outs

In short

What I'd do

What to ask your accountant

Sample monthly financial review, written by Wauvel

Overview

Revenue by account, by quarter

Profit & loss

Revenue by quarter

Variances

Common-size trend

Balance sheet

Liquidity by quarter

Commentary

Variances

Forecast

Cash for the next 13 weeks

Expected revenue

Cash inflows

Cash outflows

Income statement

Balance sheet

Cash flow

Talk to your AI CFO

Talk it through

Watch-outs

Watch-outs

In short

What I'd do

What to ask your accountant