Future Fintech G Financials
This page shows Future Fintech G (FTFT) financial statements, including the 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).
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Future Fintech G has an operating margin of -1571.3%, meaning the company retains $-1571 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 down from -164.8% the prior year.
Future Fintech G's revenue declined 84.9% year-over-year, from $14.3M to $2.2M. This contraction results in a growth score of 0/100.
Future Fintech G carries a low D/E ratio of 0.92, meaning only $0.92 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 77/100, indicating a strong balance sheet with room for future borrowing.
Future Fintech G's current ratio of 1.58 indicates adequate short-term liquidity, earning a score of 43/100. The company can meet its near-term obligations, though with limited headroom.
While Future Fintech G generated -$21.2M in operating cash flow, capex of $34K consumed most of it, leaving -$21.3M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Future Fintech G 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, Future Fintech G generates $0.64 in operating cash flow (-$21.2M OCF vs -$33.0M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Future Fintech G earns $-438.3 in operating income for every $1 of interest expense (-$33.9M vs $77K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Future Fintech G generated $2.2M in revenue in fiscal year 2024. This represents a decrease of 84.9% from the prior year.
Future Fintech G's EBITDA was -$33.6M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 44.3% from the prior year.
Future Fintech G generated -$21.3M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 45.4% from the prior year.
Future Fintech G reported -$33.0M in net income in fiscal year 2024. This represents an increase of 2.1% from the prior year.
Future Fintech G earned $-1.57 per diluted share (EPS) in fiscal year 2024. This represents an increase of 30.8% from the prior year.
Future Fintech G held $4.8M in cash against $0 in long-term debt as of fiscal year 2024.
Future Fintech G had 21M shares outstanding in fiscal year 2024. This represents an increase of 38.8% from the prior year.
Future Fintech G's gross margin was 58.9% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 102.6 percentage points from the prior year.
Future Fintech G's operating margin was -1571.3% in fiscal year 2024, reflecting core business profitability. This is down 1406.6 percentage points from the prior year.
Future Fintech G's net profit margin was -1527.1% in fiscal year 2024, showing the share of revenue converted to profit. This is down 1292.0 percentage points from the prior year.
Future Fintech G invested $313K in research and development in fiscal year 2024. This represents a decrease of 8.1% from the prior year.
Future Fintech G invested $34K in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 48.1% from the prior year.
FTFT Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.3M+118.8% | $605K+9.5% | $553K+202.5% | $183K-82.2% | $1.0M+281.8% | $269K-60.4% | $679K+139.4% | $284K |
| Cost of Revenue | $1.2M-83.8% | $7.4M+1465.1% | $474K+182.8% | $168K-58.5% | $404K+246.6% | $117K-71.1% | $404K+34.3% | $301K |
| Gross Profit | $122K+101.8% | -$6.8M-8773.6% | $79K-32.4% | $116K-81.3% | $623K+141.6% | $258K-6.3% | $275K+1708.8% | -$17K |
| R&D Expenses | N/A | N/A | $1.6M+279.4% | -$880K-134486.7% | $655-62.1% | $2K-99.9% | $1.2M | N/A |
| SG&A Expenses | $1.3M+55.1% | $854K-28.4% | $1.2M+660.1% | -$213K-113.5% | $1.6M+11.0% | $1.4M-58.4% | $3.4M+181.9% | -$4.2M |
| Operating Income | -$2.1M-60.2% | -$1.3M+95.8% | -$31.1M-17.4% | -$26.5M-496.2% | -$4.4M-327.0% | -$1.0M+45.2% | -$1.9M+97.8% | -$85.5M |
| Interest Expense | $34K+372.3% | $7K+3.9% | $7K+161.9% | -$11K-124.6% | $46K+118.6% | $21K-4.6% | $22K | N/A |
| Income Tax | $1.8M+1676.7% | $103K-55.1% | $229K-86.6% | $1.7M+50.6% | $1.1M+1507084.0% | $75-100.0% | $1.5M+18778.7% | $8K |
| Net Income | -$2.0M-206.1% | $1.9M+140.5% | -$4.6M+80.1% | -$23.0M-371.2% | -$4.9M-177.0% | -$1.8M+47.1% | -$3.3M+96.2% | -$88.2M |
| EPS (Diluted) | $-0.33 | $0.61+132.3% | $-1.89-155.6% | $3.40+240.5% | $-2.42-175.0% | $-0.88+47.3% | $-1.67+89.1% | $-15.34 |
FTFT Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $54.3M+121.1% | $24.6M+4.0% | $23.6M-8.7% | $25.9M-51.5% | $53.4M-8.4% | $58.3M-2.7% | $59.9M-1.7% | $60.9M |
| Current Assets | $50.3M+147.9% | $20.3M+6.5% | $19.1M-8.0% | $20.7M-54.1% | $45.1M-11.9% | $51.2M-4.5% | $53.6M-1.6% | $54.5M |
| Cash & Equivalents | $6.9M+19.1% | $5.8M+30.4% | $4.4M-6.9% | $4.8M-26.9% | $6.5M-33.6% | $9.8M-19.0% | $12.1M-36.2% | $19.0M |
| Inventory | $4.6M-21.4% | $5.8M+17.1% | $5.0M+138062.9% | $4K-99.1% | $419K+21.1% | $346K+74.9% | $198K-90.6% | $2.1M |
| Accounts Receivable | $1.4M-12.5% | $1.6M-0.9% | $1.7M-20.6% | $2.1M-38.8% | $3.4M-35.1% | $5.3M+13.8% | $4.6M+4.7% | $4.4M |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $11.0M+9.2% | $10.0M-21.2% | $12.7M-4.4% | $13.3M-24.6% | $17.7M-5.0% | $18.6M+1.6% | $18.3M-1.3% | $18.5M |
| Current Liabilities | $9.8M+10.9% | $8.8M-29.7% | $12.6M-4.2% | $13.1M-22.2% | $16.8M-5.0% | $17.7M+1.1% | $17.5M-1.1% | $17.7M |
| Long-Term Debt | N/A | N/A | N/A | N/A | $31.4M-2.8% | $32.4M-2.1% | $33.0M+48.5% | $22.3M |
| Total Equity | $43.4M+198.2% | $14.5M+33.2% | $10.9M-24.5% | $14.5M-61.3% | $37.4M-9.5% | $41.3M-4.3% | $43.2M-1.8% | $44.0M |
| Retained Earnings | -$223.6M-0.9% | -$221.6M+0.8% | -$223.5M-2.1% | -$218.9M-11.7% | -$195.9M-2.6% | -$191.0M-0.9% | -$189.3M-1.8% | -$185.9M |
FTFT Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$980K-188.3% | $1.1M+103.9% | -$28.8M-441.9% | -$5.3M-3.9% | -$5.1M-50.3% | -$3.4M+53.9% | -$7.4M-3.5% | -$7.1M |
| Capital Expenditures | $6.5M+5.7% | $6.1M+58.7% | $3.9M+899863.6% | $428+100.1% | -$321K-253.6% | $209K+43.5% | $146K+148.0% | -$303K |
| Free Cash Flow | -$15.9M-1259.1% | $1.4M-87.6% | $11.0M+307.0% | -$5.3M+2.2% | -$5.4M-50.5% | -$3.6M+52.0% | -$7.5M-1.3% | -$7.4M |
| Investing Cash Flow | -$34.6M-2595.1% | $1.4M+135.9% | -$3.9M+81.4% | -$20.8M-1551.9% | -$1.3M+96.7% | -$38.0M-8580.9% | -$438K | N/A |
| Financing Cash Flow | -$1.9M+64.0% | -$5.2M-85176.5% | -$6K-100.3% | $2.2M+316.6% | -$1.0M-717.2% | -$125K-105.1% | $2.5M+126.1% | $1.1M |
| 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 | N/A | N/A | N/A | N/A | N/A |
FTFT Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 9.2%+1135.8pp | -1126.6%-1140.8pp | 14.2%-49.4pp | 63.6%+2.9pp | 60.6%-35.2pp | 95.9%+55.4pp | 40.5%+46.5pp | -6.0% |
| Operating Margin | -158.3%+58.0pp | -216.3%+5416.2pp | -5632.6%+8873.0pp | -14505.5%-14072.4pp | -433.1%-45.8pp | -387.3%-107.3pp | -279.9%+29861.8pp | -30141.8% |
| Net Margin | -148.4%-454.3pp | 305.9%+1133.0pp | -827.0%+11747.1pp | -12574.2%-12099.2pp | -475.0%+179.7pp | -654.7%-164.8pp | -489.9%+30603.1pp | -31093.0% |
| Return on Equity | 2.7%-10.1pp | 12.7%+12.4pp | 0.4%-2.4pp | 2.7%+0.8pp | 1.9%+1.5pp | 0.5%-2.1pp | 2.6% | N/A |
| Return on Assets | -3.6%-11.2pp | 7.5%+26.9pp | -19.3%+69.4pp | -88.8%-79.6pp | -9.1%-6.1pp | -3.0%+2.5pp | -5.5%+40.7pp | -46.3% |
| Current Ratio | 5.14+2.8 | 2.30+0.8 | 1.52-0.1 | 1.58-1.1 | 2.68-0.2 | 2.89-0.2 | 3.06-0.0 | 3.07 |
| Debt-to-Equity | 0.25-0.4 | 0.69-0.5 | 1.16+0.2 | 0.92+0.4 | 0.47+0.0 | 0.45+0.0 | 0.420.0 | 0.42 |
| FCF Margin | -45.6%-57.1pp | 11.4%-82.0pp | 93.5%+3004.6pp | -2911.1%-2381.3pp | -529.8%+814.2pp | -1344.0%-234.7pp | -1109.3% | N/A |
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Frequently Asked Questions
What is Future Fintech G's annual revenue?
Future Fintech G (FTFT) reported $2.2M in total revenue for fiscal year 2024. This represents a -84.9% 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 Future Fintech G's revenue growing?
Future Fintech G (FTFT) revenue declined by 84.9% year-over-year, from $14.3M to $2.2M in fiscal year 2024.
Is Future Fintech G profitable?
No, Future Fintech G (FTFT) reported a net income of -$33.0M in fiscal year 2024, with a net profit margin of -1527.1%.
What is Future Fintech G's earnings per share (EPS)?
Future Fintech G (FTFT) reported diluted earnings per share of $-1.57 for fiscal year 2024. This represents a 30.8% 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 Future Fintech G's EBITDA?
Future Fintech G (FTFT) had EBITDA of -$33.6M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
What is Future Fintech G's gross margin?
Future Fintech G (FTFT) had a gross margin of 58.9% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Future Fintech G's operating margin?
Future Fintech G (FTFT) had an operating margin of -1571.3% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Future Fintech G's net profit margin?
Future Fintech G (FTFT) had a net profit margin of -1527.1% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Future Fintech G's free cash flow?
Future Fintech G (FTFT) generated -$21.3M in free cash flow during fiscal year 2024. This represents a -45.4% 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 Future Fintech G's operating cash flow?
Future Fintech G (FTFT) generated -$21.2M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Future Fintech G's total assets?
Future Fintech G (FTFT) had $25.9M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Future Fintech G's capital expenditures?
Future Fintech G (FTFT) invested $34K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How much does Future Fintech G spend on research and development?
Future Fintech G (FTFT) invested $313K in research and development during fiscal year 2024.
How many shares does Future Fintech G have outstanding?
Future Fintech G (FTFT) had 21M shares outstanding as of fiscal year 2024.
What is Future Fintech G's current ratio?
Future Fintech G (FTFT) had a current ratio of 1.58 as of fiscal year 2024, which is generally considered healthy.
What is Future Fintech G's debt-to-equity ratio?
Future Fintech G (FTFT) had a debt-to-equity ratio of 0.92 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Future Fintech G's return on assets (ROA)?
Future Fintech G (FTFT) had a return on assets of -127.2% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Future Fintech G's cash runway?
Based on fiscal year 2024 data, Future Fintech G (FTFT) had $4.8M in cash against an annual operating cash burn of $21.2M. This gives an estimated cash runway of approximately 3 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.
What is Future Fintech G's Piotroski F-Score?
Future Fintech G (FTFT) 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 Future Fintech G's earnings high quality?
Future Fintech G (FTFT) has an earnings quality ratio of 0.64x, 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 Future Fintech G cover its interest payments?
Future Fintech G (FTFT) has an interest coverage ratio of -438.3x, 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 Future Fintech G?
Future Fintech G (FTFT) scores 24 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.