Lendway Inc Financials
Lendway Inc (LDWY) reported $37.8M in revenue for fiscal year 2024. 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).
Revenue expansion is being absorbed by heavier overhead and debt, leaving a larger but less cash-generative operating structure.
In FY2022, a$10.0M net profit sat alongside a-$2.4M operating loss, revealing that reported earnings were not driven by core operations. By FY2024, the net loss of-$5.7M and operating cash flow of-$4.1M moved together, making the latest weakness more visible in cash.
From FY2022 to FY2024, revenue nearly doubled while gross margin remained broadly stable at
Debt-to-equity rose from 0.6x in FY2022 to 3.9x in FY2024, materially changing the balance-sheet posture. FY2024 liabilities were
Financial Health Signals
Scored against operating companies for FY2024. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Lendway Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Lendway Inc has an operating margin of -17.8%, meaning the company loses $18 on every $100 of revenue. This results in a profitability score of 33/100.
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 15/100, reflecting increased financial risk.
With a current ratio of 2.41, Lendway Inc holds $2.41 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 67/100.
Lendway Inc's operations used $4.1M of cash, and capex of $1.2M added to the outflow, for a free cash flow shortfall of $5.2M. This results in a cash flow score of 56/100.
Lendway Inc posts a -58.4% return on equity (ROE), meaning it loses $58 for every $100 of shareholders' equity. This results in a returns score of 17/100. This is down from 15.5% the prior year.
Lendway Inc scores 0.26, below the 1.81 distress threshold. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Lendway Inc passes 1 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution).
Lendway Inc reported a net loss of $5.7M while operations used $4.1M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
Lendway Inc generated $37.8M in revenue in fiscal year 2024.
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.
Lendway Inc reported -$5.7M in net income in fiscal year 2024. This represents a decrease of 337.9% from the prior year.
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
Lendway Inc recorded an outflow of $5.2M in free cash flow in fiscal year 2024, representing a cash shortfall after capex. This represents a decrease of 1190.2% from the prior year.
Lendway Inc held $1.8M in cash against $38.5M in long-term debt as of fiscal year 2024.
Not reported for fiscal year 2024.
Margins & Returns
Lendway Inc's gross margin was 17.2% in fiscal year 2024, indicating the percentage of revenue retained after direct costs.
Lendway Inc's operating margin was -17.8% in fiscal year 2024, reflecting core business profitability.
Lendway Inc's net profit margin was -15.2% in fiscal year 2024, showing the share of revenue converted to profit.
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
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.
Not reported for fiscal year 2024.
Not reported for fiscal year 2024.
LDWY Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $14.4M+114.2% | $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 | $11.6M+85.1% | $6.3M+20.0% | $5.2M | N/A | $8.6M+26.3% | $6.8M+30.6% | $5.2M-59.5% | $12.8M |
| Gross Profit | $2.9M+491.1% | $484K+906.7% | -$60K | N/A | $3.9M+768.2% | -$582K-140.4% | $1.4M-63.8% | $4.0M |
| SG&A Expenses | $2.9M+3.9% | $2.8M-7.0% | $3.0M | N/A | $2.5M-25.7% | $3.3M+18.4% | $2.8M-31.8% | $4.1M |
| Operating Income | -$20K+99.1% | -$2.3M+24.8% | -$3.0M | N/A | $1.4M+136.8% | -$3.9M-187.7% | -$1.4M-1044.9% | -$118K |
| Interest Expense | $491K | N/A | N/A | N/A | N/A | N/A | $392K-59.3% | $964K |
| Income Tax | -$405K+38.7% | -$661K+8.3% | -$721K | N/A | $156K+114.9% | -$1.0M-42.0% | -$736K-266.2% | -$201K |
| Net Income | -$765K+66.4% | -$2.3M+20.3% | -$2.9M | N/A | $449K+115.3% | -$2.9M-161.3% | -$1.1M-110.7% | -$534K |
| EPS (Diluted) | -$0.43 | -$1.29+19.9% | -$1.61 | N/A | $0.25+115.1% | -$1.66-159.4% | -$0.64-52.4% | -$0.42 |
Not reported in any period shown, so not listed: R&D Expenses.
LDWY Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $103.3M-2.1% | $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 | $23.0M-3.3% | $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 | $889K-26.5% | $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 | $11.6M-31.9% | $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 | $7.6M+189.4% | $2.6M+11.7% | $2.3M-54.2% | $5.1M+14.5% | $4.5M+99.5% | $2.2M | N/A | N/A |
| Goodwill | $11.1M-0.5% | $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 | $97.3M-1.2% | $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 | $18.2M+28.3% | $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 | $40.3M-0.2% | $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 | $6.1M-14.8% | $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 | -$10.8M-7.6% | -$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
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $276K+118.4% | -$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 | $155K+70.3% | $91K+97.8% | $46K-78.2% | $211K+210.3% | $68K-85.4% | $466K+891.5% | $47K-82.7% | $271K |
| Free Cash Flow | $121K+107.6% | -$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 | -$155K-70.3% | -$91K-97.8% | -$46K+78.2% | -$211K-210.3% | -$68K+85.4% | -$466K-498.3% | $117K+143.2% | -$271K |
| Financing Cash Flow | -$162K-117.2% | $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 |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
LDWY Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 19.8%+12.6pp | 7.2%+8.3pp | -1.2% | N/A | 31.3%+40.6pp | -9.4%-31.1pp | 21.7%-2.0pp | 23.7% |
| Operating Margin | -0.1%+33.8pp | -34.0%+25.1pp | -59.1% | N/A | 11.5%+74.3pp | -62.8%-42.4pp | -20.4%-19.7pp | -0.7% |
| Net Margin | -5.3%+28.5pp | -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 | -12.6%+19.4pp | -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 | -0.7%+1.4pp | -2.2%+0.6pp | -2.7% | N/A | 0.4%+3.4pp | -2.9%-1.8pp | -1.1%-0.5pp | -0.6% |
| Current Ratio | 1.26-0.4x | 1.68-0.1x | 1.80+0.7x | 1.08-0.4x | 1.46-0.9x | 2.41+0.1x | 2.27+0.5x | 1.79 |
| Debt-to-Equity | 6.66+1.0x | 5.68+1.5x | 4.19+1.7x | 2.52-1.1x | 3.59-0.3x | 3.91+1.2x | 2.70+0.6x | 2.15 |
| FCF Margin | 0.8%+24.4pp | -23.6% | -193.5% | N/A | 13.4%+44.8pp | -31.4% | -114.7% | 19.3% |
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: FCF Margin.
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Where Lendway Inc Ranks
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) recorded an outflow of $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) recorded an outflow of $4.1M in operating cash flow during fiscal year 2024, representing cash used by 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.
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 Altman Z-Score?
Lendway Inc (LDWY) has an Altman Z-Score of 0.26, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Lendway Inc's Piotroski F-Score?
Lendway Inc (LDWY) has a Piotroski F-Score of 1 out of 7 computable signals; 2 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.
Are Lendway Inc's earnings high quality?
Lendway Inc (LDWY) reported a net loss of $5.7M while operations used $4.1M of cash. With neither figure positive, the ratio between the two carries no quality signal. 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 47 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.