olivLaw · US equity research
Host Digital Inc. HOST
Retail-Grocery Stores · SIC 5411 · Vertical: Retail-Grocery Stores (SIC 5411)
Host Digital Inc. (formerly Healthy Choice Wellness Corp.) runs a chain of natural and organic grocery stores in the US, with sales of about 78.2 million USD in 2025. The company is redirecting toward developing a data center campus in Oklahoma, backed by a 15-year lease disclosed in August 2026.
At the close of 30 Oct 2026, Host Digital Inc. (HOST) stock was 2.85 USD (−1.04% on the day), with market capitalisation 92.5 m USD, beta 0.59, 52-week range 1.90–21.88 USD. Latest reported quarter (Q2 2026): revenue of 16.6 m USD (−17.8% YoY), net income of -3.1 m USD, diluted EPS -0.11 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 38.8
- weak (30–45)
- Bollinger (20, 2)
- 2.03 – 3.61
- in the upper half of the band · %B 0.52 · band width 56.2%
- SMA 50 / 200
- 6.05 / 8.33
- downtrend (price < SMA50 < SMA200)
- MACD (12, 26, 9)
- -0.87 / -1.11
- MACD above signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | −40.0% | −0.9% | −39.1 pp | — |
| 3 months | −54.5% | +1.2% | −55.7 pp | — |
| 6 months | −69.6% | +4.8% | −74.5 pp | — |
| Year to date | −67.6% | +10.7% | −78.3 pp | — |
| 1 year | −87.1% | +11.1% | −98.2 pp | −0.0% |
| 3 years | unavailable | +80.7% | unavailable | +14.3% |
| 5 years | unavailable | +64.6% | unavailable | — |
Price returns, dividends excluded.
Quarterly results
Latest quarter: Q2 2026 · 30 Jun 2026
Quarterly margins
Quarterly statements · USD
| Fiscal year | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 18.2 m | 19.7 m | 20.3 m | 20.2 m | 19.0 m | 18.7 m | 18.2 m | 16.6 m |
| Cost of revenue | 11.2 m | 11.5 m | 12.4 m | 12.1 m | 11.6 m | 11.4 m | 11.3 m | 10.2 m |
| Gross profit | 7.0 m | 8.1 m | 7.9 m | 8.1 m | 7.4 m | 7.3 m | 6.9 m | 6.4 m |
| SG&A | 7.6 m | 8.4 m | 8.3 m | — | 8.0 m | 8.7 m | 8.5 m | — |
| Operating income | -372.4 k | -321.8 k | -409.7 k | -39.0 k | -609.4 k | -1.4 m | -1.6 m | -2.6 m |
| Depreciation & amortisation | 423.2 k | 428.3 k | 429.9 k | 434.7 k | 432.0 k | 407.5 k | 380.1 k | 375.2 k |
| Interest expense | 396.7 k | 230.9 k | 297.7 k | 269.0 k | 241.3 k | 204.9 k | 192.6 k | 150.6 k |
| Pre-tax income | -2.7 m | -550.8 k | -712.4 k | -339.4 k | -1.2 m | -1.7 m | -3.7 m | -3.1 m |
| Net income | -2.7 m | -550.8 k | -712.4 k | -339.4 k | -1.2 m | -1.7 m | -3.7 m | -3.1 m |
| Diluted EPS | -0.29 | -0.06 ≈ | -0.07 | -0.03 | -0.09 | -0.06 ≈ | -0.17 | -0.11 |
| Operating cash flow | -963.0 k ≈ | 899.5 k | 1.1 m | 1.1 m ≈ | -308.7 k ≈ | -855.1 k | -199.6 k | -1.0 m ≈ |
| Capex | 28.7 k ≈ | 106.1 k | 127.4 k | 78.5 k ≈ | 42.7 k ≈ | 72.1 k | 71.4 k | 148.8 k ≈ |
≈ derived quarter (cumulative difference / share-days average)
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Fiscal years
| Fiscal year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 55.7 m | 69.4 m | 78.2 m |
| Revenue YoY | unavailable | +24.6% | +12.7% |
| Net income | -9.9 m | -4.5 m | -3.9 m |
| Net income YoY | unavailable | unavailable | unavailable |
| Diluted EPS | -1.08 | -0.48 | -0.24 |
| Diluted EPS YoY | unavailable | unavailable | unavailable |
| net % | -17.8% | -6.5% | -5.0% |
| Free cash flow | -2.7 m | -3.3 m | 675.4 k |
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 3.0 m USD
- Financial debt
- 6.2 m USD
- Net debt
- 3.2 m USD
- Equity
- 7.3 m USD
- Total assets
- 33.5 m USD
- Debt / equity
- 0.85x
- Current ratio
- 0.79x
- ROE
- -81.3%
- ROA
- -11.6%
- FCF margin
- 0.9%
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|
| Revenue | 55.7 m | 69.4 m | 78.2 m | SEC (XBRL)· 16 Mar 2026verified |
| Cost of revenue | 35.3 m | 42.3 m | 47.5 m | SEC (XBRL)· 16 Mar 2026verified |
| Gross profit | 20.3 m | 27.1 m | 30.7 m | SEC (XBRL)· 16 Mar 2026verified |
| SG&A | 24.8 m | 29.0 m | 33.1 m | SEC (XBRL)· 16 Mar 2026verified |
| Operating income | -10.5 m | -1.8 m | -2.5 m | SEC (XBRL)· 16 Mar 2026verified |
| Depreciation & amortisation | 1.4 m | 1.6 m | 1.7 m | SEC (XBRL)· 16 Mar 2026verified |
| EBITDA | -9.1 m ≈ | -201.0 k ≈ | -779.9 k ≈ | SEC (XBRL)· 16 Mar 2026derived |
| Interest expense | 199.7 k | 848.7 k | 1.0 m | SEC (XBRL)· 16 Mar 2026verified |
| Pre-tax income | -9.9 m | -4.5 m | -3.9 m | SEC (XBRL)· 16 Mar 2026verified |
| Net income | -9.9 m | -4.5 m | -3.9 m | SEC (XBRL)· 16 Mar 2026verified |
| Diluted EPS | -1.08 | -0.48 | -0.24 | SEC (XBRL)· 16 Mar 2026verified |
| Weighted average diluted shares | 9.2 m | 9.4 m | 16.6 m | SEC (XBRL)· 16 Mar 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating income + Depreciation & amortisation.
Balance sheet · USD
| Line | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|
| Cash | 1.4 m | 2.1 m | 3.0 m | SEC (XBRL)· 16 Mar 2026verified |
| Receivables | 128.2 k | 509.8 k | 363.9 k | SEC (XBRL)· 16 Mar 2026verified |
| Inventories | 4.2 m | 6.4 m | 6.0 m | SEC (XBRL)· 16 Mar 2026verified |
| Current assets | 5.9 m | 9.7 m | 10.0 m | SEC (XBRL)· 16 Mar 2026verified |
| Property, plant & equipment, net | 2.7 m | 2.0 m | 1.8 m | SEC (XBRL)· 16 Mar 2026verified |
| Goodwill | — | 2.2 m | 2.2 m | SEC (XBRL)· 16 Mar 2026verified |
| Intangibles (excl. goodwill) | 4.2 m | 5.4 m | 4.3 m | SEC (XBRL)· 16 Mar 2026verified |
| Total assets | 28.4 m | 34.1 m | 33.5 m | SEC (XBRL)· 16 Mar 2026verified |
| Accounts payable | 4.9 m | 6.1 m | 8.1 m | SEC (XBRL)· 16 Mar 2026verified |
| Short-term debt | 702.7 k | 2.2 m | — | SEC (XBRL)· 28 Mar 2025verified |
| Long-term debt | 2.4 m | 9.2 m | 6.2 m | SEC (XBRL)· 16 Mar 2026verified |
| Current liabilities | 8.6 m | 11.9 m | 12.7 m | SEC (XBRL)· 16 Mar 2026verified |
| Total liabilities | 19.4 m | 31.7 m | 26.2 m | SEC (XBRL)· 16 Mar 2026verified |
| Equity | 9.0 m † | 2.4 m † | 7.3 m † | SEC (XBRL)· 16 Mar 2026verified |
† equity attributable to the parent's shareholders: in these years the issuer no longer reports the total including non-controlling interests.
Cash flow · USD
| Line | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|
| Operating cash flow | -2.5 m | -3.1 m | 996.1 k | SEC (XBRL)· 16 Mar 2026verified |
| Capex | 179.6 k | 251.8 k | 320.6 k | SEC (XBRL)· 16 Mar 2026verified |
| Free cash flow | -2.7 m ≈ | -3.3 m ≈ | 675.4 k ≈ | SEC (XBRL)· 16 Mar 2026derived |
| Investing cash flow | -929.6 k | -5.0 m | -4.1 m | SEC (XBRL)· 16 Mar 2026verified |
| Financing cash flow | 2.9 m | 8.7 m | 4.1 m | SEC (XBRL)· 16 Mar 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
1 indicators that do not apply to the sector.
Valuation
olivLaw classification
- indicators available: 5 of at least 6
- score weight coverage: 35.4% of at least 60%
- valuation methods computed: 0 of at least 1
A scoring methodology on indicators and valuation, not investment advice.
Closing price
30 Oct 2026Source: olivLaw, closing series
Market cap: 92.5 m USD
Key indicators
Coverage and freshness
Score by group
35% · Insufficient data
Estimated value range
unavailable — no valuation method could be computed
Valuation assumptions are editorial choices, not measured; beta is not measured.
Valuation methods
- DCF (discounted cash flow)unavailable · the base of the ratio is not positive
- Peers: EV/EBITDAunavailable · the base of the ratio is not positive
- Peers: P/Eunavailable · the base of the ratio is not positive
- Dividend discount (DDM)unavailable · the company pays no dividend: a dividend model needs an explicit initiation assumption
no valuation method could be computed
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Insufficient data
Minimum-evidence gate: indicators available: 5 of at least 6; score weight coverage: 35.4% of at least 60%; valuation methods computed: 0 of at least 1
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | -61.9% | 0 (vs peers) | 29% |
| Net margin · Quality | -13.3% | 0 (vs peers) | 18% |
| FCF conversion · Quality | unavailable | unavailable | — |
| Revenue CAGR 3Y · Growth | unavailable | unavailable | — |
| EPS CAGR 3Y · Growth | unavailable | unavailable | — |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | -8.0x | 0 (on a fixed band) | 18% |
| Current ratio · Balance sheet | 0.5x | 0 (on a fixed band) | 12% |
| P/E (TTM) · Valuation | unavailable | unavailable | — |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | -2.9% | 0 (on a fixed band) | 24% |
| Shareholder yield (distributions) · Returns | unavailable | unavailable | — |
| Payout ratio (FCF) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet0/100 · 2/3 factors with a value
- Growth· partialunavailable · 0/2 factors with a value
- Quality0/100 · 2/3 factors with a value
- Returns· partialunavailable · 0/2 factors with a value
- Valuation· partial0/100 · 1/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
Host Digital Inc. (HOST). Latest full fiscal year: 2025; data up to 2026-06-30.
Figures computed from the financial statements: revenue 78.2 m USD in 2025; YoY growth 12.7%; net margin -13.3%; ROE -207.8%.
Valuation cannot be computed from the available data.
Insufficient data for a verdict (indicators available: 5 of at least 6; score weight coverage: 35.4% of at least 60%; valuation methods computed: 0 of at least 1).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
No signal among the computed factors. That is not an absence of risk: factors without data were not assessed, and business risks (margins, inventory, demand) are in the source-based analysis.
What contradicts it
- ROIC: -61.9%
- Net margin: -13.3%
- Interest coverage: -8.0x
- Current ratio: 0.5x
- FCF yield: -2.9%
Not assessed (insufficient data or a ratio without meaning): FCF conversion, Revenue CAGR 3Y, EPS CAGR 3Y, Net debt / EBITDA, P/E (TTM), EV/EBITDA, Shareholder yield (distributions), Payout ratio (FCF).
Versus the vertical median
Retail-Grocery Stores (SIC 5411) · same industry (4-digit SIC) · compared with 10 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| KRKroger Co | 39.4 bn | 36.4 | 14.3% | 0.7% | +0.4% | +5% / +47% |
| ACIAlbertsons Companies, Inc. | 6.2 bn | — | -2.3% | -0.1% | +3.5% | −26% / −40% |
| SFMSprouts Farmers Market, Inc. | 4.6 bn | 9.5 | 33.5% | 5.4% | +14.1% | −37% / +18% |
| WMKWeis Markets, Inc | 1.8 bn | 18.5 | 7.4% | 2.0% | +3.5% | +17% / +14% |
| GOGrocery Outlet Holding Corp. | 1.3 bn | — | -38.1% | -8.0% | unavailable | −5% / −53% |
| NGVCNatural Grocers by Vitamin Cottage, Inc. | 661.2 m | 13.9 | 21.6% | 3.5% | +7.2% | −11% / +128% |
| VLGEAVillage Super Market, Inc. | 179.8 m | 3.4 | 10.3% | 2.2% | +3.7% | +36% / +75% |
| HOSTHost Digital Inc. | 92.5 m | — | -207.8% | -13.3% | +12.7% | −87% / unavailable |
| MSSMaison Solutions Inc. | 17.7 m | — | — | — | +4.8% | −97% / −100% |
| TBBBBbb Foods Inc | — | — | -69.6% | -3.6% | +36.1% | +107% / unavailable |
| IMKTAIngles Markets, Incorporated | — | — | 6.3% | 1.9% | −5.4% | +22% / +5% |
1- and 3-year price returns: for HOST from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
| 3 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
| 5 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
In brief
Host Digital Inc. (formerly Healthy Choice Wellness Corp.) runs a chain of natural and organic grocery stores in the US, with sales of about 78.2 million USD in 2025 1. The company is redirecting toward developing a data center campus in Oklahoma, backed by a 15-year lease disclosed in August 2026 3.
SWOT
Strengths
- The store network has local brands with decades of history in their communities, and the strictly controlled product range supports its image 1.
- The company generated positive operating cash flow in 2025 after losses in the prior year 1.
- A 15-year lease with a large cloud tenant could support access to project financing for the new segment 3.
Weaknesses
- The company reports repeated net losses and negative working capital, which limits financial flexibility 12.
- Cash on hand fell significantly in 2026, raising questions about funding current operations 2.
- The data center segment has no revenue yet and depends on an acquisition and construction that are not completed 3.
Opportunities
- If the Oklahoma project is completed, it could bring first recurring revenue from leasing capacity to a large tenant 3.
- Expanding the store network through acquisitions, a stated strategy, could grow the customer base 1.
- Developing new revenue lines, such as in-house bakery commissaries for restaurants, could attract additional traffic 1.
Threats
- Inflation pressure on food spending and the high price of organic products can reduce store sales volumes 2.
- If project financing does not close on the expected terms, development of the data center could be delayed or abandoned 3.
- Competition from supermarkets and national chains can keep prices under pressure 1.
Risks
- Going concernhigh
Auditors and management have expressed substantial doubt about the company’s ability to continue as a going concern, and its plans depend on raising capital 23.
- Project financinghigh
Closing financing for the acquisition and construction of the Oklahoma facility is not assured and depends on capital market conditions 3.
- Decline in same-store salesmedium
Same-store sales fell in the second half of 2026, showing real pressure on business volume 2.
- Dependence on large suppliersmedium
Purchases are concentrated with a few distributors, and losing one supplier could disrupt store supply 1.
- Execution risk for the data centermedium
Construction, equipment supply chains and power delivery could delay the facility’s entry into operation 3.
Investment thesis
What would need to be true (bull case)
- If the new data center segment reaches operation, the long-term lease could make the company’s profile one with more predictable revenue.
- A store network with loyal customers could return to growth if pressure on food prices eases.
- Positive operating cash flow last year shows the core business can, under some conditions, sustain itself.
What would break the thesis
- Same-store sales are falling, and the high price of organic products could keep pushing customers away.
- Negative working capital and low cash leave the company vulnerable if financing is not obtained in time.
- The data center segment has no revenue yet and depends on unfinished transactions and construction, which makes results hard to estimate.
What to watch
- Closing of project financing for the Oklahoma facility2027
- Start of rent payments by the cloud tenantQ1 2027
- Trend in same-store sales and gross marginnext 10-Q
- Progress on resolving the going concern uncertainty in the next annual reportnext 10-K
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
The business
The company is a holding company that operates, through subsidiaries, 19 natural and organic grocery stores across Florida, New York, New Jersey, Virginia, Kansas and Oklahoma, under brands such as Ada’s Natural Market, Green’s Natural Foods and GreenAcres Market 1. Its offer includes organic groceries, dietary supplements, body care and about 10000 SKUs 1. Since September 2024 it has been independently listed after its spin-off from Healthier Choices Management Corp. 1.
Segments
Natural and organic grocery stores
The core segment sells organic food, fresh produce, supplements and personal care through its 19 stores, and sales rose in 2025 mainly because of the GreenAcres Market acquisition in July 2024 1.
Online supplement sales
The subsidiary Healthy U Wholesale sells supplements and care products through TheVitaminStore.com, operated by The Vitamin Store, LLC 2.
Data centers (Host Digital Infrastructure LLC)
The new segment, still without operating revenue, targets a data center campus in Oklahoma with more than 45 MW of contracted capacity, and the lease could bring about 1.25 billion USD of base contracted rent 3.
Market context
The company operates in the natural and organic products market, part of the US grocery industry, where growth has been driven by consumer interest in high-quality nutrition 1. In the second quarter of 2026, the high price of organic products led many customers to buy less or switch to conventional alternatives, cutting same-store sales 2.
Trends
- Food price pressureheadwind
Persistent inflation and higher food-at-home prices have reduced customers’ purchasing power, who buy fewer items or choose cheaper products, which could keep weighing on sales 2.
- Demand for natural and organic foodtailwind
Greater focus on nutrition, aging populations and a desire to avoid pesticide residues support long-term demand across the industry 1.
- Demand for AI computing capacitymixed
Demand for data centers for high-performance computing and artificial intelligence gives the company a new growth direction, but it has no revenue yet in 2026 3.
- Access to capitalmixed
Project financing for Oklahoma, supported by the lease, could reduce reliance on sponsor funding, but pricing and timing depend on capital markets 3.
Competitive position
The company competes with conventional supermarkets, national superstores, alternative food retailers, natural food stores, farmers’ markets and restaurants 1. Competitive pressure and falling prices across the industry affect margins and volumes 2.
- Whole Foods Market
A natural foods grocery chain operating in the same consumer category; no data from the analysed sources.
- Local and national conventional supermarkets
Competitors named in the Form 10-K that also sell natural products, often at lower prices.
- Farmers’ markets and specialty stores
Local alternatives named in the company’s filings that can attract customers in the same areas.
- AI data center operators
For the new segment, competition comes from developers of data center campuses also seeking power capacity and tenants.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
Loading the links…
News & filings
In the press
No news in our archive over the last 180 days.
SEC filings
- Current report20 Oct 2026Regulation FD disclosure · Other events · Financial statements and exhibits
- Current report19 Oct 2026Regulation FD disclosure · Financial statements and exhibits
- Current report07 Oct 2026Material agreement · Departure or appointment of officers · Financial statements and exhibits
- Current report29 Sept 2026Regulation FD disclosure · Financial statements and exhibits
- Current report (amendment)22 Sept 2026Financial statements and exhibits
- Current report21 Sept 2026Material agreement · Regulation FD disclosure · Financial statements and exhibits
- Current report17 Sept 2026Material agreement · Acquisition or disposition of assets · Results of operations · Item 3.02 · Item 3.03 · Item 4.01 · Item 5.01 · Departure or appointment of officers · Amendments to articles or bylaws · Financial statements and exhibits
- Current report31 Aug 2026Item 3.03 · Amendments to articles or bylaws · Financial statements and exhibits
- Current report27 Aug 2026Shareholder vote · Other events · Financial statements and exhibits
- Current report27 Aug 2026Other events · Financial statements and exhibits
Sources
- [1] Form 10-K, fiscal year ended 2025-12-31 · SEC / Host Digital Inc. · 16 Mar 2026
- [2] Form 10-Q, quarter ended 2026-06-30 · SEC / Host Digital Inc. · 14 Aug 2026
- [3] Form 8-K, results release (exhibit 99.1) · SEC / Host Digital Inc. · 17 Sept 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.