Creatd New (CRTDD) Financials
Creatd Inc New (CRTDD) reported $4.8M in revenue for fiscal year 2022, up 11.6% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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.
Revenue growth is being overwhelmed by worsening gross economics, escalating overhead, and a balance sheet increasingly dependent on financing.
In FY2022, revenue grew11.6% while cost of revenue grew15.3% , so expansion increased sales without improving the economics of each sales dollar. Gross margin deterioration of4.1 percentage points to-27.4% indicates deeper gross losses rather than fixed-cost absorption.
Cash generation remained closely tied to operations: operating cash flow was
Liabilities rose
Financial Health Signals
We do not publish a peer-relative financial health score for Creatd Inc New, because the score only covers companies whose filings and listing give us what it needs to compare them with their peers. The signals and metrics below are current.
Creatd Inc New passes 1 of 5 computable financial strength tests (4 of the nine could not be computed from available data). No profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 operating efficiency signals passes.
Key Financial Metrics
Earnings & Revenue
Creatd Inc New generated $438K in revenue in Q3 2023. This represents a decrease of 57.2% from the same quarter a year earlier. Against the prior quarter it is down 37.4%.
Creatd Inc New reported a net loss of $2.9M in Q3 2023. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Not reported for Q3 2023.
Cash & Balance Sheet
Creatd Inc New held $7K in cash as of Q3 2023; no long-term debt figure is on record for that period.
Not reported for Q3 2023.
Not reported for Q3 2023.
Margins & Returns
Creatd Inc New's gross margin was 17.8% in Q3 2023, indicating the percentage of revenue retained after direct costs. This is up 55.2 percentage points from the same quarter a year earlier. Against the prior quarter it is down 19.6 percentage points.
Not shown for Q3 2023: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not shown for Q3 2023: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not reported for Q3 2023.
Capital Allocation
Creatd Inc New invested $543K in research and development in Q3 2023. This represents an increase of 131.2% from the same quarter a year earlier. Against the prior quarter it is up 1073.1%.
Not reported for Q3 2023.
Not reported for Q3 2023.
CRTDD Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $438K-57.2% | $699K-57.0% | $986K-26.9% | $799K-43.1% | $1.0M-13.3% | $1.6M+67.5% | $1.3M+81.3% | $1.4M+715.3% |
| Cost of Revenue | $360K-74.4% | $438K-75.6% | $1.0M-35.6% | $1.3M-41.4% | $1.4M-1.0% | $1.8M+145.4% | $1.6M+81.3% | $2.3M |
| Gross Profit | $78Kn/m | $262Kn/m | -$27Kn/m | -$539Kn/m | -$382Kn/m | -$169K-170.3% | -$223Kn/m | -$878Kn/m |
| R&D Expenses | $543K+131.2% | $46K-79.4% | $132K-41.9% | $265K-3.6% | $235K-27.2% | $225K+296.7% | $227K-31.1% | $275K+280.2% |
| SG&A Expenses | $657K-68.7% | $1.3M-61.1% | $1.6M-8.6% | $2.6Mn/m | $2.1M-11.9% | $3.3M+35.0% | $1.7M-8.4% | -$2.1M-362.9% |
| Operating Income | -$1.9Mn/m | -$2.7Mn/m | -$13.7Mn/m | N/A | -$6.0Mn/m | -$8.0Mn/m | -$7.0Mn/m | -$12.1Mn/m |
| EBITDA | N/A | -$2.6Mn/m | -$13.7Mn/m | N/A | -$5.8Mn/m | -$7.9Mn/m | -$6.9Mn/m | -$11.8M |
| Interest Expense | $473K-29.7% | $94K+361.6% | $65K+370.4% | $113K+114.1% | $674K+1025.5% | $20K-66.5% | $14K-93.0% | $53Kn/m |
| Net Income | -$2.9Mn/m | -$4.5Mn/m | -$15.9Mn/m | N/A | -$9.2Mn/m | -$8.3Mn/m | -$6.3Mn/m | -$12.3Mn/m |
| EPS (Basic) | -$0.09 | -$0.12 | -$0.35 | N/A | -$0.45 | -$0.41 | -$0.36 | N/A |
| EPS (Diluted) | -$0.09 | -$0.12 | -$0.35 | N/A | -$0.45 | -$0.41 | -$0.36 | N/A |
| Diluted Shares (Avg) | N/A | N/A | 63M | N/A | 21M | N/A | 18M | N/A |
Not reported in any period shown, so not listed: Income Tax.
CRTDD Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $2.9M-66.8% | $3.9M-61.2% | $4.5M-52.1% | $4.8M-47.5% | $8.7M+5.7% | $10.1M+53.4% | $9.3M+45.1% | $9.2M-14.9% |
| Current Assets | $364K-78.4% | $710K-72.7% | $947K-78.1% | $1.5M-66.9% | $1.7M-34.1% | $2.6M-21.1% | $4.3M+23.0% | $4.5M-44.2% |
| Cash & Equivalents | $7K-98.5% | $104K-93.3% | $172K-94.7% | $706K-81.4% | $440K-70.9% | $1.6M-26.7% | $3.2M+15.2% | $3.8M-52.0% |
| Inventory | $112K-87.2% | $170K-60.4% | $256K-41.4% | $405K+280.6% | $879K+898.2% | $430K | $437K | $106K |
| Accounts Receivable | $35K-84.2% | $68K-82.2% | $244K-37.4% | $239K-29.0% | $222K-43.5% | $379K+33.4% | $391K+157.4% | $337K+273.5% |
| Goodwill | $46K-96.6% | $46K-96.6% | $46K-96.6% | $46K-96.6% | $1.4M-31.0% | $1.4M+33.3% | $1.4M+33.6% | $1.4M+32.7% |
| Total Liabilities | $24.5M+41.3% | $23.8M+105.0% | $19.8M+218.2% | $17.3M+135.2% | $17.3M+183.0% | $11.6M+64.8% | $6.2M+39.4% | $7.4M+38.0% |
| Current Liabilities | $21.7M+43.0% | $20.7M+118.3% | $17.8M+187.0% | $15.2M+180.5% | $15.2M+181.6% | $9.5M+96.9% | $6.2M+44.5% | $5.4M+9.1% |
| Non-Current Liabilities | $1.9M-11.3% | $2.2M+5.1% | $2.1M+5611.8% | $2.1M+3206.1% | $2.2M+193.0% | $2.1M-4.6% | $36K-80.5% | $64K-82.7% |
| Long-Term Debt | N/A | N/A | N/A | $38K | N/A | N/A | N/A | N/A |
| Total Equity | -$21.6Mn/m | -$19.9Mn/m | -$15.7M-950.3% | -$11.8M-750.3% | -$9.3M-1232.7% | -$2.4Mn/m | $1.8M-6.0% | $1.8M-66.8% |
| Retained Earnings | -$190.5Mn/m | -$179.1Mn/m | -$168.4Mn/m | -$146.1Mn/m | -$133.8Mn/m | -$124.3Mn/m | -$116.0Mn/m | -$109.6Mn/m |
Not reported in any period shown, so not listed: Short-Term Investments, Long-Term Investments.
CRTDD Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$194Kn/m | -$333Kn/m | -$2.9Mn/m | -$2.9Mn/m | -$3.2Mn/m | -$5.6Mn/m | -$5.0Mn/m | -$4.9Mn/m |
| Depreciation & Amortization | N/A | $63K-55.8% | $9K-93.4% | $144K-51.4% | $158K+1472.6% | $142K+185.0% | $142K+244.4% | $296K |
| Stock-Based Compensation | $398K-36.6% | $558K-74.0% | $7.3M+578.0% | N/A | $627K-70.9% | $2.1M+10.4% | $1.1M-31.2% | N/A |
| Capital Expenditures | N/A | N/A | N/A | N/A | $43K+7.7% | $126K+865.3% | $45K+255.5% | $30K+17.4% |
| Free Cash Flow | N/A | N/A | N/A | -$2.9Mn/m | -$3.3Mn/m | -$5.7Mn/m | -$5.1Mn/m | -$4.9Mn/m |
| Investing Cash Flow | $0n/m | $0n/m | $250Kn/m | $867K+452.4% | -$127Kn/m | -$316Kn/m | -$51Kn/m | $157Kn/m |
| Financing Cash Flow | $96K-95.8% | $265K-93.8% | $2.1M-54.2% | $2.3M-66.8% | $2.3M-50.3% | $4.3M-23.5% | $4.5M+997.5% | $7.1M-5.6% |
| Share Buybacks | N/A | N/A | N/A | $2K | N/A | N/A | N/A | N/A |
Not reported in any period shown, so not listed: Dividends Paid.
CRTDD Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 17.8%+55.2pp | 37.4%+47.8pp | -2.7%+13.9pp | -67.5%-5.0pp | -37.3%-17.1pp | -10.4%-35.0pp | -16.6%0.0pp | -62.5% |
| Operating Margin | -439.1% | -387.9% | -1390.4% | N/A | -584.3% | -491.6% | -519.7% | -863.2% |
| Net Margin | -666.6% | -636.4% | -1613.0% | N/A | -902.0% | -512.8% | -464.4% | -874.6% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | -339.2%-1.2pp | -680.1%-663.5pp |
| Return on Assets | -100.9%+4.8pp | -113.3%-31.0pp | -355.4%-288.4pp | N/A | -105.8%+12.9pp | -82.3%+47.3pp | -67.0%+36.2pp | -134.0%-125.6pp |
| Current Ratio | 0.02-0.1x | 0.03-0.2x | 0.05-0.6x | 0.10-0.7x | 0.11-0.4x | 0.27-0.4x | 0.70-0.1x | 0.83-0.8x |
| Liabilities-to-Equity | N/A | N/A | N/A | N/A | N/A | N/A | 3.37+1.1x | 4.08+3.1x |
| Asset Turnover | 0.150.0x | 0.180.0x | 0.22+0.1x | 0.170.0x | 0.120.0x | 0.160.0x | 0.140.0x | 0.15+0.1x |
| FCF Margin | N/A | N/A | N/A | -369.2% | -320.7% | -350.8% | -377.2% | -350.9% |
Not reported in any period shown, so not listed: Debt-to-Equity.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin, FCF Margin.
Note: Shareholder equity is negative (-$11.8M), which causes the debt-to-equity, liabilities-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.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it. Market cap is stated at each company's latest close.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Creatd Inc New CRTDD | FY2022 | $4.8M | N/A | N/A | N/A | — |
| Baidu Inc BAIDF | FY2025 | $18.5B | $799.2M | 4.3% | $27.0B | — |
| Tencent Music Entmt A TCMEF | FY2025 | $4.7B | $1.6B | 33.6% | $15.3B | — |
Where Creatd Inc New Ranks
Frequently Asked Questions
Creatd Inc New (CRTDD) 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.
Creatd Inc New (CRTDD) revenue grew by 11.6% year-over-year, from $4.3M to $4.8M in fiscal year 2022.
As of fiscal year 2022, Creatd Inc New (CRTDD) had $706K in cash and equivalents against $38K in long-term debt.
Creatd Inc New (CRTDD) had a gross margin of -27.4% in fiscal year 2022, indicating the percentage of revenue retained after direct costs of goods sold.
Creatd Inc New (CRTDD) recorded an outflow of $17.0M in free cash flow during fiscal year 2022. The change from the previous fiscal year is not meaningful, because that year’s figure was zero or negative. 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.
Creatd Inc New (CRTDD) recorded an outflow of $16.8M in operating cash flow during fiscal year 2022, representing cash used by core business activities.
Creatd Inc New (CRTDD) had $4.8M in total assets as of fiscal year 2022, including both current and long-term assets.
Creatd Inc New (CRTDD) invested $212K in capital expenditures during fiscal year 2022, funding long-term assets and infrastructure.
Creatd Inc New (CRTDD) invested $951K in research and development during fiscal year 2022.
Creatd Inc New (CRTDD) had a current ratio of 0.10 as of fiscal year 2022, which is below 1.0, which may suggest potential liquidity concerns.
Creatd Inc New (CRTDD) has negative shareholder equity of -$11.8M as of fiscal year 2022, so no debt-to-equity or liabilities-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. 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.
Creatd Inc New (CRTDD) has a Piotroski F-Score of 1 out of 5 computable signals; 4 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.