CREATD INC 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 (10-K and 10-Q reports).
Creatd’s dominant mechanic is financing-supported cash consumption: revenue expanded, but negative gross margins and liabilities overwhelmed operating economics.
From FY2021 to FY2022, revenue increased11.6% while gross margin deteriorated from-23.3% to-27.4% ; the business added sales without improving its underlying unit economics. Meanwhile, operating cash flow remained close to free cash flow—-$16.8M versus-$17.0M —indicating that cash use was primarily operational rather than driven by heavy reinvestment.
Current assets of
Revenue growth did not create operating leverage: selling, general and administrative expense nearly doubled in FY2022 even as revenue rose only
Financial Health Signals
CREATD INC NEW does not currently provide enough eligible data for a peer-relative financial health score, so none is published. 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 efficiency signals pass.
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 -$2.9M in net income in Q3 2023. This represents an increase of 68.4% from the same quarter a year earlier. Against the prior quarter it is up 34.4%.
Not reported for Q3 2023.
Cash & Balance Sheet
CREATD INC NEW held $7K in cash as of Q3 2023; long-term debt is not reported 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 | $78K+120.5% | $262K+255.3% | -$27K+88.1% | -$539K+38.6% | -$382K-60.0% | -$169K-170.3% | -$223K-81.3% | -$878K-48.5% |
| 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% | $2.6M+222.9% | $2.1M-11.9% | $3.3M+35.0% | $1.7M-8.4% | -$2.1M-362.9% |
| Operating Income | -$1.9M+67.8% | -$2.7M+66.1% | -$13.7M-95.6% | N/A | -$6.0M+13.5% | -$8.0M+4.6% | -$7.0M-17.9% | -$12.1M-211.2% |
| EBITDA | N/A | -$2.6M+66.3% | -$13.7M-99.5% | N/A | -$5.8M+15.7% | -$7.9M+5.8% | -$6.9M-16.3% | -$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% | $53K+2226.2% |
| Net Income | -$2.9M+68.4% | -$4.5M+46.6% | -$15.9M-154.0% | N/A | -$9.2M+5.8% | -$8.3M+2.6% | -$6.3M+5.7% | -$12.3M-1256.4% |
| EPS (Basic) | -$0.09+80.0% | -$0.12+70.7% | -$0.35+2.8% | N/A | -$0.45+36.6% | -$0.41+49.4% | -$0.36+47.1% | 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 | -$21.6M-132.6% | -$19.9M-731.4% | -$15.7M-950.3% | -$11.8M-750.3% | -$9.3M-1232.7% | -$2.4M-370.4% | $1.8M-6.0% | $1.8M-66.8% |
| Retained Earnings | -$190.5M-42.4% | -$179.1M-44.0% | -$168.4M-45.2% | -$146.1M-33.3% | -$133.8M-37.4% | -$124.3M-42.0% | -$116.0M-47.6% | -$109.6M-52.4% |
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 | -$194K+94.0% | -$333K+94.0% | -$2.9M+43.3% | -$2.9M+39.9% | -$3.2M+29.9% | -$5.6M+2.1% | -$5.0M+4.8% | -$4.9M-112.4% |
| 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 | -$2K-94.2% | $43K+7.7% | $126K+865.3% | $45K+255.5% | $30K+17.4% |
| Free Cash Flow | N/A | N/A | N/A | -$2.9M+40.2% | -$3.3M+29.6% | -$5.7M+0.2% | -$5.1M+4.2% | -$4.9M-111.3% |
| Investing Cash Flow | $0+100.0% | $0+100.0% | $250K+590.7% | $867K+452.4% | -$127K+78.1% | -$316K+40.6% | -$51K+76.0% | $157K+204.3% |
| 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 |
| Debt-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% |
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 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.
Where CREATD INC NEW Ranks
Frequently Asked Questions
What is CREATD INC NEW's annual revenue?
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.
How fast is CREATD INC NEW's revenue growing?
CREATD INC NEW (CRTDD) revenue grew by 11.6% year-over-year, from $4.3M to $4.8M in fiscal year 2022.
How much debt does CREATD INC NEW have?
As of fiscal year 2022, CREATD INC NEW (CRTDD) had $706K in cash and equivalents against $38K in long-term debt.
What is CREATD INC NEW's gross margin?
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.
What is CREATD INC NEW's free cash flow?
CREATD INC NEW (CRTDD) recorded an outflow of $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 NEW's operating cash flow?
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.
What are CREATD INC NEW's total assets?
CREATD INC NEW (CRTDD) had $4.8M in total assets as of fiscal year 2022, including both current and long-term assets.
What are CREATD INC NEW's capital expenditures?
CREATD INC NEW (CRTDD) invested $212K in capital expenditures during fiscal year 2022, funding long-term assets and infrastructure.
How much does CREATD INC NEW spend on research and development?
CREATD INC NEW (CRTDD) invested $951K in research and development during fiscal year 2022.
What is CREATD INC NEW's current ratio?
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.
Why is CREATD INC NEW's debt-to-equity ratio negative or not reported?
CREATD INC NEW (CRTDD) has negative shareholder equity of -$11.8M as of fiscal year 2022, so no debt-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.
What is CREATD INC NEW's Piotroski F-Score?
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.