Creatd Inc Financials
This page shows Creatd Inc (CRTD) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 23 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2022 annual data. Scores normalized against common benchmarks. How we calculate these scores
Creatd Inc has an operating margin of -605.3%, meaning the company retains $-605 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is up from -776.1% the prior year.
Creatd Inc's revenue grew 11.6% year-over-year to $4.8M, a solid pace of expansion. This earns a growth score of 62/100.
Creatd Inc's current ratio of 0.10 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 0/100, which could limit financial flexibility.
While Creatd Inc generated -$16.8M in operating cash flow, capex of $212K consumed most of it, leaving -$17.0M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Creatd Inc passes 2 of 9 financial strength tests. 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Creatd Inc generates $0.52 in operating cash flow (-$16.8M OCF vs -$32.3M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Creatd Inc earns $-35.4 in operating income for every $1 of interest expense (-$29.0M vs $821K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Creatd Inc generated $4.8M in revenue in fiscal year 2022. This represents an increase of 11.6% from the prior year.
Creatd Inc's EBITDA was -$28.4M in fiscal year 2022, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 13.7% from the prior year.
Creatd Inc generated -$17.0M in free cash flow in fiscal year 2022, representing cash available after capex. This represents an increase of 17.4% from the prior year.
Creatd Inc reported -$32.3M in net income in fiscal year 2022. This represents an increase of 13.4% from the prior year.
Creatd Inc earned $-1.60 per diluted share (EPS) in fiscal year 2022. This represents an increase of 53.5% from the prior year.
Creatd Inc held $706K in cash against $38K in long-term debt as of fiscal year 2022.
Creatd Inc had 39M shares outstanding in fiscal year 2022. This represents an increase of 139.1% from the prior year.
Creatd Inc's gross margin was -27.4% in fiscal year 2022, indicating the percentage of revenue retained after direct costs. This is down 4.1 percentage points from the prior year.
Creatd Inc's operating margin was -605.3% in fiscal year 2022, reflecting core business profitability. This is up 170.8 percentage points from the prior year.
Creatd Inc's net profit margin was -673.3% in fiscal year 2022, showing the share of revenue converted to profit. This is up 194.1 percentage points from the prior year.
Creatd Inc invested $951K in research and development in fiscal year 2022. This represents a decrease of 3.3% from the prior year.
Creatd Inc spent $16K on share buybacks in fiscal year 2022, returning capital to shareholders by reducing shares outstanding.
Creatd Inc invested $212K in capex in fiscal year 2022, funding long-term assets and infrastructure. This represents an increase of 121.2% from the prior year.
CRTD Income Statement
| Metric | Q3'23 | Q2'23 | Q1'23 | Q3'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $438K-37.4% | $699K-29.1% | $986K+23.4% | $799K-21.9% | $1.0M-37.1% | $1.6M+20.5% | $1.3M-4.0% | $1.4M |
| Cost of Revenue | $360K-17.8% | $438K-56.8% | $1.0M-24.3% | $1.3M-4.7% | $1.4M-21.7% | $1.8M+14.1% | $1.6M-31.1% | $2.3M |
| Gross Profit | $78K-70.1% | $262K+1086.3% | -$27K+95.1% | -$539K-41.2% | -$382K-126.5% | -$169K+24.6% | -$223K+74.6% | -$878K |
| R&D Expenses | $543K+1073.1% | $46K-64.8% | $132K-50.4% | $265K+12.9% | $235K+4.7% | $225K-0.9% | $227K-17.6% | $275K |
| SG&A Expenses | $657K-48.6% | $1.3M-18.9% | $1.6M-39.9% | $2.6M+24.8% | $2.1M-35.9% | $3.3M+90.3% | $1.7M+180.8% | -$2.1M |
| Operating Income | -$1.9M+29.1% | -$2.7M+80.2% | -$13.7M-70.3% | -$8.1M-34.7% | -$6.0M+25.2% | -$8.0M-14.0% | -$7.0M+42.2% | -$12.1M |
| Interest Expense | $473K+403.8% | $94K+43.8% | $65K-42.2% | $113K-83.2% | $674K+3208.9% | $20K+46.5% | $14K-73.7% | $53K |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | -$2.9M+34.4% | -$4.5M+72.0% | -$15.9M-87.9% | -$8.5M+8.2% | -$9.2M-10.7% | -$8.3M-33.1% | -$6.3M+49.0% | -$12.3M |
| EPS (Diluted) | $-0.09+25.0% | $-0.12+65.7% | $-0.35 | N/A | $-0.45-9.8% | $-0.41-13.9% | $-0.36 | N/A |
CRTD Balance Sheet
| Metric | Q3'23 | Q2'23 | Q1'23 | Q3'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $2.9M-26.4% | $3.9M-12.2% | $4.5M-7.1% | $4.8M-44.8% | $8.7M-13.9% | $10.1M+8.4% | $9.3M+1.8% | $9.2M |
| Current Assets | $364K-48.8% | $710K-25.0% | $947K-36.0% | $1.5M-12.0% | $1.7M-35.4% | $2.6M-40.0% | $4.3M-3.2% | $4.5M |
| Cash & Equivalents | $7K-93.5% | $104K-39.4% | $172K-75.6% | $706K+60.7% | $440K-71.8% | $1.6M-51.8% | $3.2M-14.9% | $3.8M |
| Inventory | $112K-34.0% | $170K-33.5% | $256K-36.7% | $405K-53.9% | $879K+104.5% | $430K-1.7% | $437K+310.7% | $106K |
| Accounts Receivable | $35K-48.1% | $68K-72.3% | $244K+2.1% | $239K+7.8% | $222K-41.4% | $379K-2.9% | $391K+15.8% | $337K |
| Goodwill | $46K0.0% | $46K0.0% | $46K0.0% | $46K-96.6% | $1.4M-1.3% | $1.4M0.0% | $1.4M+0.7% | $1.4M |
| Total Liabilities | $24.5M+2.7% | $23.8M+20.3% | $19.8M+14.5% | $17.3M-0.1% | $17.3M+49.1% | $11.6M+86.6% | $6.2M-15.4% | $7.4M |
| Current Liabilities | $21.7M+4.6% | $20.7M+16.6% | $17.8M+16.9% | $15.2M+0.2% | $15.2M+59.8% | $9.5M+53.3% | $6.2M+14.3% | $5.4M |
| Long-Term Debt | N/A | N/A | N/A | $38K | N/A | N/A | N/A | N/A |
| Total Equity | -$21.6M-8.5% | -$19.9M-26.9% | -$15.7M-33.6% | -$11.8M-26.5% | -$9.3M-287.8% | -$2.4M-229.8% | $1.8M+2.2% | $1.8M |
| Retained Earnings | -$190.5M-6.4% | -$179.1M-6.3% | -$168.4M-15.2% | -$146.1M-9.3% | -$133.8M-7.6% | -$124.3M-7.2% | -$116.0M-5.8% | -$109.6M |
CRTD Cash Flow Statement
| Metric | Q3'23 | Q2'23 | Q1'23 | Q3'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$194K+41.7% | -$333K+88.4% | -$2.9M+3.1% | -$2.9M+8.9% | -$3.2M+42.0% | -$5.6M-10.6% | -$5.0M-2.9% | -$4.9M |
| Capital Expenditures | N/A | N/A | N/A | -$2K-104.0% | $43K-65.4% | $126K+179.6% | $45K+49.9% | $30K |
| Free Cash Flow | N/A | N/A | N/A | -$2.9M+10.1% | -$3.3M+42.5% | -$5.7M-12.1% | -$5.1M-3.2% | -$4.9M |
| Investing Cash Flow | $0 | $0-100.0% | $250K-71.2% | $867K+783.2% | -$127K+59.9% | -$316K-520.8% | -$51K-132.4% | $157K |
| Financing Cash Flow | $96K-63.6% | $265K-87.2% | $2.1M-11.5% | $2.3M+2.7% | $2.3M-46.3% | $4.3M-6.1% | $4.5M-35.8% | $7.1M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | $2K | N/A | N/A | N/A | N/A |
CRTD Financial Ratios
| Metric | Q3'23 | Q2'23 | Q1'23 | Q3'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 17.8%-19.6pp | 37.4%+40.1pp | -2.7%+64.8pp | -67.5%-30.1pp | -37.3%-27.0pp | -10.4%+6.2pp | -16.6%+45.9pp | -62.5% |
| Operating Margin | -439.1%-51.3pp | -387.9%+1002.6pp | -1390.4%-382.7pp | -1007.7%-423.4pp | -584.3%-92.7pp | -491.6%+28.1pp | -519.7%+343.5pp | -863.2% |
| Net Margin | -666.6%-30.3pp | -636.4%+976.6pp | -1613.0%-553.3pp | -1059.7%-157.6pp | -902.0%-389.3pp | -512.8%-48.4pp | -464.4%+410.2pp | -874.6% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -100.9%+12.3pp | -113.3%+242.1pp | -355.4%-179.8pp | -175.7%-69.9pp | -105.8%-23.5pp | -82.3%-15.3pp | -67.0%+66.9pp | -134.0% |
| Current Ratio | 0.02-0.0 | 0.03-0.0 | 0.05-0.0 | 0.10-0.0 | 0.11-0.2 | 0.27-0.4 | 0.70-0.1 | 0.83 |
| Debt-to-Equity | -1.13+0.1 | -1.20+0.1 | -1.26-1.3 | -0.00+1.9 | -1.87+3.0 | -4.85-8.2 | 3.37-0.7 | 4.08 |
| FCF Margin | N/A | N/A | N/A | -369.2%-48.5pp | -320.7%+30.1pp | -350.8%+26.4pp | -377.2%-26.2pp | -350.9% |
Note: Shareholder equity is negative (-$11.8M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
Note: The current ratio is below 1.0 (0.10), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Frequently Asked Questions
What is Creatd Inc's annual revenue?
Creatd Inc (CRTD) reported $4.8M in total revenue for fiscal year 2022. This represents a 11.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Creatd Inc's revenue growing?
Creatd Inc (CRTD) revenue grew by 11.6% year-over-year, from $4.3M to $4.8M in fiscal year 2022.
Is Creatd Inc profitable?
No, Creatd Inc (CRTD) reported a net income of -$32.3M in fiscal year 2022, with a net profit margin of -673.3%.
What is Creatd Inc's earnings per share (EPS)?
Creatd Inc (CRTD) reported diluted earnings per share of $-1.60 for fiscal year 2022. This represents a 53.5% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Creatd Inc's EBITDA?
Creatd Inc (CRTD) had EBITDA of -$28.4M in fiscal year 2022, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Creatd Inc have?
As of fiscal year 2022, Creatd Inc (CRTD) had $706K in cash and equivalents against $38K in long-term debt.
What is Creatd Inc's gross margin?
Creatd Inc (CRTD) had a gross margin of -27.4% in fiscal year 2022, indicating the percentage of revenue retained after direct costs of goods sold.
What is Creatd Inc's operating margin?
Creatd Inc (CRTD) had an operating margin of -605.3% in fiscal year 2022, reflecting the profitability of core business operations before interest and taxes.
What is Creatd Inc's net profit margin?
Creatd Inc (CRTD) had a net profit margin of -673.3% in fiscal year 2022, representing the share of revenue converted into profit after all expenses.
What is Creatd Inc's free cash flow?
Creatd Inc (CRTD) generated -$17.0M in free cash flow during fiscal year 2022. This represents a 17.4% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Creatd Inc's operating cash flow?
Creatd Inc (CRTD) generated -$16.8M in operating cash flow during fiscal year 2022, representing cash generated from core business activities.
What are Creatd Inc's total assets?
Creatd Inc (CRTD) had $4.8M in total assets as of fiscal year 2022, including both current and long-term assets.
What are Creatd Inc's capital expenditures?
Creatd Inc (CRTD) invested $212K in capital expenditures during fiscal year 2022, funding long-term assets and infrastructure.
How much does Creatd Inc spend on research and development?
Creatd Inc (CRTD) invested $951K in research and development during fiscal year 2022.
Does Creatd Inc buy back shares?
Yes, Creatd Inc (CRTD) spent $16K on share buybacks during fiscal year 2022, returning capital to shareholders by reducing shares outstanding.
How many shares does Creatd Inc have outstanding?
Creatd Inc (CRTD) had 39M shares outstanding as of fiscal year 2022.
What is Creatd Inc's current ratio?
Creatd Inc (CRTD) had a current ratio of 0.10 as of fiscal year 2022, which is below 1.0, which may suggest potential liquidity concerns.
What is Creatd Inc's debt-to-equity ratio?
Creatd Inc (CRTD) had a debt-to-equity ratio of -0.00 as of fiscal year 2022, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Creatd Inc's return on assets (ROA)?
Creatd Inc (CRTD) had a return on assets of -670.0% for fiscal year 2022, measuring how efficiently the company uses its assets to generate profit.
What is Creatd Inc's cash runway?
Based on fiscal year 2022 data, Creatd Inc (CRTD) had $706K in cash against an annual operating cash burn of $16.8M. This gives an estimated cash runway of approximately 1 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
Why is Creatd Inc's debt-to-equity ratio negative or unusual?
Creatd Inc (CRTD) has negative shareholder equity of -$11.8M as of fiscal year 2022, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is Creatd Inc's Piotroski F-Score?
Creatd Inc (CRTD) has a Piotroski F-Score of 2 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Creatd Inc's earnings high quality?
Creatd Inc (CRTD) has an earnings quality ratio of 0.52x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Creatd Inc cover its interest payments?
Creatd Inc (CRTD) has an interest coverage ratio of -35.4x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Creatd Inc?
Creatd Inc (CRTD) scores 15 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.