What is Lendway Inc's earnings per share (EPS)?

Lendway Inc (LDWY) reported diluted earnings per share of $-3.24 for fiscal year 2024. This represents a -338.2% 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.

Lendway Inc Financials

LDWY

Source SEC Filings (10-K/10-Q) Updated Feb 13, 2026 Currency USD FYE December

This page shows Lendway Inc (LDWY) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 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

Financial Profile 13/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Lendway Inc has an operating margin of -17.8%, meaning the company retains $-18 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.

Leverage

Lendway Inc has elevated debt relative to equity (D/E of 3.91), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 22/100, reflecting increased financial risk.

Liquidity

Lendway Inc's current ratio of 2.41 indicates adequate short-term liquidity, earning a score of 45/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow

While Lendway Inc generated -$4.1M in operating cash flow, capex of $1.2M consumed most of it, leaving -$5.2M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.

Returns

Lendway Inc generates a -58.4% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is down from 15.5% the prior year.

Piotroski F-Score Weak

1/9

Lendway Inc passes 1 of 9 financial strength tests. 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution).

Earnings Quality Low Quality

0.71x

For every $1 of reported earnings, Lendway Inc generates $0.71 in operating cash flow (-$4.1M OCF vs -$5.7M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Key Financial Metrics

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Earnings & Revenue

Revenue

$37.8M

5Y CAGR+11.9%

10Y CAGR+3.7%

Lendway Inc generated $37.8M in revenue in fiscal year 2024.

EBITDA

-$4.1M

YoY-16.1%

Lendway Inc's EBITDA was -$4.1M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 16.1% from the prior year.

Net Income

-$5.7M

YoY-337.9%

Lendway Inc reported -$5.7M in net income in fiscal year 2024. This represents a decrease of 337.9% from the prior year.

EPS (Diluted)

$-3.24

YoY-338.2%

Lendway Inc earned $-3.24 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 338.2% from the prior year.

Cash & Balance Sheet

Free Cash Flow

-$5.2M

YoY-1190.2%

Lendway Inc generated -$5.2M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 1190.2% from the prior year.

Cash & Debt

$1.8M

YoY-89.1%

5Y CAGR-25.2%

10Y CAGR-13.2%

Lendway Inc held $1.8M in cash against $38.5M in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

YoY+1.5%

5Y CAGR+0.5%

Lendway Inc had 2M shares outstanding in fiscal year 2024. This represents an increase of 1.5% from the prior year.

Margins & Returns

Gross Margin

17.2%

5Y CAGR-2.9pp

10Y CAGR-27.6pp

Lendway Inc's gross margin was 17.2% in fiscal year 2024, indicating the percentage of revenue retained after direct costs.

Operating Margin

-17.8%

5Y CAGR+10.6pp

10Y CAGR-19.6pp

Lendway Inc's operating margin was -17.8% in fiscal year 2024, reflecting core business profitability.

Net Margin

-15.2%

5Y CAGR+10.7pp

10Y CAGR-16.0pp

Lendway Inc's net profit margin was -15.2% in fiscal year 2024, showing the share of revenue converted to profit.

Return on Equity

-58.4%

YoY-73.9pp

5Y CAGR-8.0pp

10Y CAGR-59.2pp

Lendway Inc's ROE was -58.4% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 73.9 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$1.2M

YoY+2900.0%

5Y CAGR+24.1%

10Y CAGR+10.6%

Lendway Inc invested $1.2M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 2900.0% from the prior year.

LDWY Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$37.8M	N/A	$18.8M-3.6%	$19.5M+11.6%	$17.5M-18.8%	$21.5M
Cost of Revenue	$31.3M	N/A	$15.5M-4.8%	$16.3M+16.8%	$13.9M-19.0%	$17.2M
Gross Profit	$6.5M	N/A	$3.3M+2.2%	$3.2M+13.1%	$2.9M-34.1%	$4.3M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$13.2M+275.8%	$3.5M+44.1%	$2.4M-51.7%	$5.1M+26.5%	$4.0M+18.5%	$3.4M
Operating Income	-$6.7M-90.9%	-$3.5M-44.1%	-$2.4M+49.0%	-$4.8M+1.0%	-$4.8M+20.8%	-$6.1M
Interest Expense	N/A	N/A	N/A	-$36K-12.5%	-$32K	N/A
Income Tax	-$2.3M-11745.0%	$20K+233.3%	$6K-85.7%	$42K+122.0%	-$191K+55.0%	-$424K
Net Income	-$5.7M-337.9%	$2.4M-76.0%	$10.0M+384.3%	-$3.5M+23.4%	-$4.6M+17.2%	-$5.6M
EPS (Diluted)	$-3.24-338.2%	$1.36-75.7%	$5.59+378.1%	$-2.01+24.4%	$-2.66+18.7%	$-3.27

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Revenue	$6.7M0.0%	$6.7M+30.8%	$5.2M	N/A	$12.4M+101.0%	$6.2M-6.6%	$6.6M-60.5%	$16.8M
Cost of Revenue	$6.3M0.0%	$6.3M+20.0%	$5.2M	N/A	$8.6M+26.3%	$6.8M+30.6%	$5.2M-59.5%	$12.8M
Gross Profit	$484K0.0%	$484K+906.7%	-$60K	N/A	$3.9M+768.2%	-$582K-140.4%	$1.4M-63.8%	$4.0M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$2.8M0.0%	$2.8M-7.0%	$3.0M	N/A	$2.5M-25.7%	$3.3M+18.4%	$2.8M-31.8%	$4.1M
Operating Income	$2.3M+200.0%	-$2.3M+24.8%	-$3.0M	N/A	$1.4M+136.8%	-$3.9M-187.7%	-$1.4M-1044.9%	-$118K
Interest Expense	$452K	N/A	N/A	N/A	N/A	N/A	$392K-59.3%	$964K
Income Tax	$661K+200.0%	-$661K+8.3%	-$721K	N/A	$156K+114.9%	-$1.0M-42.0%	-$736K-266.2%	-$201K
Net Income	$2.3M+200.0%	-$2.3M+20.3%	-$2.9M	N/A	$449K+115.3%	-$2.9M-161.3%	-$1.1M-110.7%	-$534K
EPS (Diluted)	$1.29+200.0%	$-1.29+19.9%	$-1.61	N/A	$0.25+115.1%	$-1.66-159.4%	$-0.64-52.4%	$-0.42

LDWY Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$100.0M+499.7%	$16.7M-20.5%	$21.0M+96.9%	$10.7M-25.5%	$14.3M-15.9%	$17.0M
Current Assets	$18.8M+13.3%	$16.6M-19.9%	$20.8M+100.4%	$10.4M-26.2%	$14.0M-11.8%	$15.9M
Cash & Equivalents	$1.8M-89.1%	$16.1M+11.3%	$14.4M+274.9%	$3.9M-46.0%	$7.1M-5.1%	$7.5M
Inventory	$13.4M	$0-100.0%	$29K+52.6%	$19K-77.6%	$85K-73.6%	$322K
Accounts Receivable	$2.2M	N/A	$0-100.0%	$5.2M-10.4%	$5.9M-22.5%	$7.6M
Goodwill	$10.7M	$0	N/A	N/A	N/A	N/A
Total Liabilities	$90.1M+7800.5%	$1.1M-84.9%	$7.6M+1.5%	$7.5M-2.2%	$7.6M+29.0%	$5.9M
Current Liabilities	$7.8M+612.8%	$1.1M-85.1%	$7.4M+11.1%	$6.6M+4.5%	$6.4M+22.0%	$5.2M
Long-Term Debt	$38.5M	$0	N/A	N/A	$590K	$0
Total Equity	$9.8M-36.6%	$15.5M+15.9%	$13.4M+319.7%	$3.2M-52.1%	$6.7M-39.8%	$11.1M
Retained Earnings	-$6.4M-868.8%	-$661K+78.5%	-$3.1M+76.6%	-$13.1M-36.9%	-$9.6M-92.8%	-$5.0M

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Total Assets	$105.6M0.0%	$105.6M+0.5%	$105.0M+7.3%	$97.9M-2.6%	$100.5M+0.5%	$100.0M-2.4%	$102.5M+6.8%	$95.9M
Current Assets	$23.8M0.0%	$23.8M-6.3%	$25.4M+71.1%	$14.8M-25.0%	$19.8M+5.1%	$18.8M-8.5%	$20.6M+49.7%	$13.8M
Cash & Equivalents	N/A	$1.2M-34.3%	$1.8M+103.1%	$906K-30.7%	$1.3M-25.6%	$1.8M+32.0%	$1.3M-22.5%	$1.7M
Inventory	$17.0M0.0%	$17.0M-9.4%	$18.8M+180.7%	$6.7M-43.8%	$11.9M-10.8%	$13.4M-13.7%	$15.5M+122.1%	$7.0M
Accounts Receivable	$2.6M0.0%	$2.6M+11.7%	$2.3M-54.2%	$5.1M+14.5%	$4.5M+99.5%	$2.2M	N/A	N/A
Goodwill	$11.2M0.0%	$11.2M+0.2%	$11.1M+0.1%	$11.1M+2.5%	$10.9M+1.4%	$10.7M+2.2%	$10.5M+3.0%	$10.2M
Total Liabilities	$98.5M0.0%	$98.5M+2.9%	$95.7M+11.6%	$85.8M-4.9%	$90.2M0.0%	$90.1M+0.5%	$89.7M+9.2%	$82.1M
Current Liabilities	$14.2M0.0%	$14.2M+0.4%	$14.2M+2.8%	$13.8M+1.7%	$13.5M+73.2%	$7.8M-13.8%	$9.1M+17.9%	$7.7M
Long-Term Debt	$40.4M0.0%	$40.4M+3.5%	$39.0M+27.9%	$30.5M-17.7%	$37.1M-3.8%	$38.5M+11.3%	$34.6M+16.9%	$29.6M
Total Equity	$7.1M0.0%	$7.1M-23.7%	$9.3M-23.2%	$12.1M+17.5%	$10.3M+5.0%	$9.8M-23.1%	$12.8M-7.2%	$13.8M
Retained Earnings	$10.0M+200.0%	-$10.0M-29.3%	-$7.8M-58.1%	-$4.9M+17.6%	-$6.0M+7.0%	-$6.4M-84.9%	-$3.5M-41.6%	-$2.4M

LDWY Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	-$4.1M-882.2%	$518K-95.1%	$10.7M+455.4%	-$3.0M-89.9%	-$1.6M+31.6%	-$2.3M
Capital Expenditures	$1.2M+2900.0%	$39K	$0-100.0%	$106K+73.8%	$61K-84.7%	$398K
Free Cash Flow	-$5.2M-1190.2%	$479K-95.5%	$10.7M+443.3%	-$3.1M-89.3%	-$1.6M+39.4%	-$2.7M
Investing Cash Flow	-$35.1M-2430.8%	$1.5M+5300.0%	-$29K+67.8%	-$90K-164.7%	$139K+134.9%	-$398K
Financing Cash Flow	$24.9M+5360.5%	-$473K-1312.8%	$39K+120.9%	-$187K-117.7%	$1.1M+1694.9%	$59K
Dividends Paid	N/A	N/A	N/A	N/A	$14K0.0%	$14K
Share Buybacks	N/A	$482K	$0	N/A	N/A	$0

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Operating Cash Flow	$11.4M+863.1%	-$1.5M+84.9%	-$9.9M-258.5%	$6.3M+260.7%	$1.7M+217.4%	-$1.5M+80.4%	-$7.6M-315.1%	$3.5M
Capital Expenditures	$137K+50.5%	$91K+97.8%	$46K-78.2%	$211K+210.3%	$68K-85.4%	$466K+891.5%	$47K-82.7%	$271K
Free Cash Flow	$11.3M+810.8%	-$1.6M+84.1%	-$10.0M-264.7%	$6.1M+262.7%	$1.7M+185.8%	-$1.9M+74.4%	-$7.6M-334.6%	$3.2M
Investing Cash Flow	$137K+250.5%	-$91K-97.8%	-$46K+78.2%	-$211K-210.3%	-$68K+85.4%	-$466K-498.3%	$117K+143.2%	-$271K
Financing Cash Flow	$11.8M+1158.0%	$940K-91.4%	$10.9M+256.6%	-$7.0M-226.0%	-$2.1M-188.5%	$2.4M-65.8%	$7.0M+207.3%	-$6.6M
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

LDWY Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	17.2%	N/A	17.6%+1.0pp	16.6%+0.2pp	16.3%-3.8pp	20.1%
Operating Margin	-17.8%	N/A	-13.0%+11.6pp	-24.6%+3.1pp	-27.7%+0.7pp	-28.4%
Net Margin	-15.2%	N/A	53.4%+71.6pp	-18.1%+8.3pp	-26.4%-0.5pp	-25.9%
Return on Equity	-58.4%-73.9pp	15.5%-59.4pp	75.0%+185.6pp	-110.7%-41.5pp	-69.2%-18.9pp	-50.3%
Return on Assets	-5.7%-20.2pp	14.5%-33.4pp	47.9%+81.1pp	-33.2%-0.9pp	-32.3%+0.5pp	-32.8%
Current Ratio	2.41-12.8	15.17+12.4	2.81+1.3	1.56-0.6	2.21-0.8	3.05
Debt-to-Equity	3.91+3.9	0.00-0.6	0.56-1.8	2.34+2.2	0.09+0.1	0.00
FCF Margin	-13.8%	N/A	56.7%+72.7pp	-15.9%-6.5pp	-9.4%+3.2pp	-12.6%

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Gross Margin	7.2%0.0pp	7.2%+8.3pp	-1.2%	N/A	31.3%+40.6pp	-9.4%-31.1pp	21.7%-2.0pp	23.7%
Operating Margin	34.0%+67.9pp	-34.0%+25.1pp	-59.1%	N/A	11.5%+74.3pp	-62.8%-42.4pp	-20.4%-19.7pp	-0.7%
Net Margin	33.8%+67.5pp	-33.8%+21.6pp	-55.4%	N/A	3.6%+51.1pp	-47.5%-30.5pp	-17.0%-13.8pp	-3.2%
Return on Equity	32.0%+64.0pp	-32.0%-1.4pp	-30.6%	N/A	4.3%+34.2pp	-29.9%-21.1pp	-8.8%-4.9pp	-3.9%
Return on Assets	2.2%+4.3pp	-2.2%+0.6pp	-2.7%	N/A	0.4%+3.4pp	-2.9%-1.8pp	-1.1%-0.5pp	-0.6%
Current Ratio	1.680.0	1.68-0.1	1.80+0.7	1.08-0.4	1.46-0.9	2.41+0.1	2.27+0.5	1.79
Debt-to-Equity	5.680.0	5.68+1.5	4.19+1.7	2.52-1.1	3.59-0.3	3.91+1.2	2.70+0.6	2.15
FCF Margin	167.5%+191.1pp	-23.6%+170.0pp	-193.5%	N/A	13.4%+44.8pp	-31.4%+83.3pp	-114.7%-134.0pp	19.3%

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Frequently Asked Questions

What is Lendway Inc's annual revenue?

Lendway Inc (LDWY) reported $37.8M in total revenue for fiscal year 2024. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

Is Lendway Inc profitable?

No, Lendway Inc (LDWY) reported a net income of -$5.7M in fiscal year 2024, with a net profit margin of -15.2%.

What is Lendway Inc's EBITDA?

Lendway Inc (LDWY) had EBITDA of -$4.1M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Lendway Inc have?

As of fiscal year 2024, Lendway Inc (LDWY) had $1.8M in cash and equivalents against $38.5M in long-term debt.

What is Lendway Inc's gross margin?

Lendway Inc (LDWY) had a gross margin of 17.2% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

What is Lendway Inc's operating margin?

Lendway Inc (LDWY) had an operating margin of -17.8% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is Lendway Inc's net profit margin?

Lendway Inc (LDWY) had a net profit margin of -15.2% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is Lendway Inc's return on equity (ROE)?

Lendway Inc (LDWY) has a return on equity of -58.4% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is Lendway Inc's free cash flow?

Lendway Inc (LDWY) generated -$5.2M in free cash flow during fiscal year 2024. This represents a -1190.2% 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 Lendway Inc's operating cash flow?

Lendway Inc (LDWY) generated -$4.1M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Lendway Inc's total assets?

Lendway Inc (LDWY) had $100.0M in total assets as of fiscal year 2024, including both current and long-term assets.

What are Lendway Inc's capital expenditures?

Lendway Inc (LDWY) invested $1.2M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How many shares does Lendway Inc have outstanding?

Lendway Inc (LDWY) had 2M shares outstanding as of fiscal year 2024.

What is Lendway Inc's current ratio?

Lendway Inc (LDWY) had a current ratio of 2.41 as of fiscal year 2024, which is generally considered healthy.

What is Lendway Inc's debt-to-equity ratio?

Lendway Inc (LDWY) had a debt-to-equity ratio of 3.91 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Lendway Inc's return on assets (ROA)?

Lendway Inc (LDWY) had a return on assets of -5.7% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Lendway Inc's cash runway?

Based on fiscal year 2024 data, Lendway Inc (LDWY) had $1.8M in cash against an annual operating cash burn of $4.1M. This gives an estimated cash runway of approximately 5 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 Lendway Inc's Piotroski F-Score?

Lendway Inc (LDWY) has a Piotroski F-Score of 1 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 Lendway Inc's earnings high quality?

Lendway Inc (LDWY) has an earnings quality ratio of 0.71x, 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.

How financially healthy is Lendway Inc?

Lendway Inc (LDWY) scores 13 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.