Lendway, Inc. (LDWY) Financials
Newest figures come from the 10-Q for Q1 FY2026, filed May 13, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the LDWY SEC filings page.
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 has doubled since FY2022, but nearly flat gross margins and heavier overhead leave the business dependent on debt-funded expansion.
FY2022 paired net income of$10.0M with operating income of-$2.4M , so reported profit was not coming from the core operation. By FY2024, both operating and free cash flow were negative alongside a net loss, making the latest result more internally consistent.
Gross margin barely moved from
FY2024 liabilities of
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 31/100.
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 16/100, 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 69/100.
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 51/100.
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 19/100. 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 $14.4M in revenue in Q1 2026. This represents an increase of 16.0% from the same quarter a year earlier. Against the prior quarter it is up 114.2%.
Lendway, Inc.'s EBITDA was $913K in Q1 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 59.7% from the same quarter a year earlier. Against the prior quarter it is up 163.9%.
Lendway, Inc. reported -$765K in net income in Q1 2026. This represents a decrease of 270.4% from the same quarter a year earlier. Against the prior quarter it is up 66.4%.
Cash & Balance Sheet
Lendway, Inc. generated $121K in free cash flow in Q1 2026, representing cash available after capex. This represents a decrease of 92.8% from the same quarter a year earlier. Against the prior quarter it is up 107.6%.
Lendway, Inc. held $889K in cash against $40.3M in long-term debt as of Q1 2026.
Not reported for Q1 2026.
Margins & Returns
Lendway, Inc.'s gross margin was 19.8% in Q1 2026, indicating the percentage of revenue retained after direct costs. This is down 11.4 percentage points from the same quarter a year earlier. Against the prior quarter it is up 12.6 percentage points.
Lendway, Inc.'s operating margin was -0.1% in Q1 2026, reflecting core business profitability. This is down 11.6 percentage points from the same quarter a year earlier. Against the prior quarter it is up 33.8 percentage points.
Lendway, Inc.'s net profit margin was -5.3% in Q1 2026, showing the share of revenue converted to profit. This is down 8.9 percentage points from the same quarter a year earlier. Against the prior quarter it is up 28.5 percentage points.
Lendway, Inc.'s ROE was -12.6% in Q1 2026, measuring profit generated per dollar of shareholder equity. This is down 17.0 percentage points from the same quarter a year earlier. Against the prior quarter it is up 19.4 percentage points.
Capital Allocation
Lendway, Inc. invested $155K in capex in Q1 2026, funding long-term assets and infrastructure. This represents an increase of 127.9% from the same quarter a year earlier. Against the prior quarter it is up 70.3%.
Not reported for Q1 2026.
Not reported for Q1 2026.
LDWY 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 | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $14.4M+16.0% | $6.7M+8.8% | $5.2M-22.3% | N/A | $12.4M+54.9% | $6.2M | $6.6M | $16.8M |
| Cost of Revenue | $11.6M+35.3% | $6.3M-7.7% | $5.2M+0.5% | N/A | $8.6M+36.0% | $6.8M | $5.2M | $12.8M |
| Gross Profit | $2.9M-26.4% | $484K+183.2% | -$60K-104.2% | N/A | $3.9M+123.0% | -$582K | $1.4M | $4.0M |
| SG&A Expenses | $2.9M+17.3% | $2.8M-16.1% | $3.0M+6.9% | N/A | $2.5M-27.5% | $3.3M | $2.8M+70.9% | $4.1M+635.2% |
| Operating Income | -$20K-101.4% | -$2.3M+41.1% | -$3.0M-125.2% | N/A | $1.4M+187.1% | -$3.9M | -$1.4M+17.3% | -$118K+78.8% |
| EBITDA | $913K-59.7% | -$1.4M+55.0% | -$2.2M-308.5% | N/A | $2.3M+268.7% | -$3.2M | -$531K | $687K+226.1% |
| Interest Expense | $491K | N/A | N/A | N/A | N/A | N/A | $392K+453.2% | $964K+814.1% |
| Income Tax | -$405K-359.6% | -$661K+36.7% | -$721K+2.0% | N/A | $156K+145.0% | -$1.0M | -$736K-6590.9% | -$201K-5125.0% |
| Net Income | -$765K-270.4% | -$2.3M+22.6% | -$2.9M-153.7% | N/A | $449K+138.6% | -$2.9M | -$1.1M-199.9% | -$534K-1383.3% |
| EPS (Basic) | -$0.43-272.0% | -$1.29+22.3% | N/A | N/A | $0.25+137.3% | -$1.66 | N/A | -$0.42-2000.0% |
| EPS (Diluted) | -$0.43 | -$1.29+22.3% | -$1.61-151.6% | N/A | $0.25+137.3% | -$1.66 | -$0.64-201.6% | -$0.42-2000.0% |
| Diluted Shares (Avg) | 2M | 2M0.0% | 2M0.0% | N/A | 2M+1.5% | 2M | 2M-0.8% | 2M-1.6% |
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. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $103.3M+2.8% | $105.6M+5.6% | $105.0M+2.5% | $97.9M+2.1% | $100.5M-5.9% | $100.0M+499.7% | $102.5M+480.9% | $95.9M+385.3% |
| Current Assets | $23.0M+16.3% | $23.8M+26.5% | $25.4M+23.5% | $14.8M+8.0% | $19.8M-14.3% | $18.8M+13.3% | $20.6M+17.0% | $13.8M-29.7% |
| Cash & Equivalents | $889K-32.0% | $1.2M-31.3% | $1.8M+38.0% | $906K-47.4% | $1.3M-73.9% | $1.8M-89.1% | $1.3M-91.1% | $1.7M-84.9% |
| Inventory | $11.6M-2.8% | $17.0M+27.4% | $18.8M+21.4% | $6.7M-4.0% | $11.9M+22.7% | $13.4M | $15.5M | $7.0M+24803.6% |
| Accounts Receivable | $7.6M+69.5% | $2.6M+16.9% | $2.3M | $5.1M | $4.5M | $2.2M | N/A | N/A |
| Goodwill | $11.1M+2.2% | $11.2M+4.2% | $11.1M+6.3% | $11.1M+9.4% | $10.9M+7.3% | $10.7M | $10.5M | $10.2M |
| Total Liabilities | $97.3M+7.9% | $98.5M+9.3% | $95.7M+6.8% | $85.8M+4.5% | $90.2M-2.3% | $90.1M+7800.5% | $89.7M+5064.5% | $82.1M+1645.7% |
| Current Liabilities | $18.2M+34.7% | $14.2M+81.9% | $14.2M+56.1% | $13.8M+79.1% | $13.5M+13.2% | $7.8M+612.8% | $9.1M+434.7% | $7.7M+69.8% |
| Non-Current Liabilities | $77.3M+3.9% | $82.5M+2.7% | $79.4M+1.6% | $69.3M-3.3% | $74.4M-4.1% | $80.3M+178297.8% | $78.1M+190463.4% | $71.7M+40187.6% |
| Long-Term Debt | $40.3M+8.8% | $40.4M+4.9% | $39.0M+12.8% | $30.5M+3.1% | $37.1M+7.2% | $38.5M | $34.6M | $29.6M |
| Total Equity | $6.1M-41.3% | $7.1M-27.7% | $9.3M-27.2% | $12.1M-12.0% | $10.3M-28.7% | $9.8M-36.6% | $12.8M-19.5% | $13.8M-8.4% |
| Retained Earnings | -$10.8M-81.4% | -$10.0M-56.7% | -$7.8M-124.1% | -$4.9M-100.6% | -$6.0M-249.9% | -$6.4M-868.8% | -$3.5M-927.9% | -$2.4M-67.3% |
Not reported in any period shown, so not listed: Short-Term Investments, Long-Term Investments.
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. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $276K-84.1% | -$1.5M-1.2% | -$9.9M-31.4% | $6.3M+78.4% | $1.7M+18.2% | -$1.5M-233.5% | -$7.6M-412.3% | $3.5M+319.6% |
| Depreciation & Amortization | $933K+11.7% | $861K+20.4% | $874K+6.6% | N/A | $835K+178.3% | $715K | $820K | $805K+6608.3% |
| Stock-Based Compensation | $38K+52.0% | N/A | $13K-40.9% | N/A | $25K+2400.0% | N/A | $22K+214.3% | $13K-7.1% |
| Capital Expenditures | $155K+127.9% | $91K-80.5% | $46K-2.1% | $211K-22.1% | $68K-70.4% | $466K+3006.7% | $47K+840.0% | $271K+1984.6% |
| Free Cash Flow | $121K-92.8% | -$1.6M+18.4% | -$10.0M-31.2% | $6.1M+86.8% | $1.7M+34.6% | -$1.9M-278.0% | -$7.6M-414.9% | $3.2M+293.3% |
| Investing Cash Flow | -$155K-127.9% | -$91K+80.5% | -$46K-139.3% | -$211K+22.1% | -$68K+99.8% | -$466K-1764.0% | $117K-92.5% | -$271K-1984.6% |
| Financing Cash Flow | -$162K+92.4% | $940K-61.0% | $10.9M+54.4% | -$7.0M-5.8% | -$2.1M-109.8% | $2.4M+5453.3% | $7.0M+1716.7% | -$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. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 19.8%-11.4pp | 7.2%+16.6pp | -1.2%-22.9pp | N/A | 31.3%+9.5pp | -9.4% | 21.7% | 23.7% |
| Operating Margin | -0.1%-11.6pp | -34.0%+28.8pp | -59.1%-38.7pp | N/A | 11.5%+32.0pp | -62.8% | -20.4% | -0.7% |
| Net Margin | -5.3%-8.9pp | -33.8%+13.7pp | -55.4%-38.4pp | N/A | 3.6%+18.1pp | -47.5% | -17.0% | -3.2% |
| Return on Equity | -12.6%-17.0pp | -32.0%-2.1pp | -30.6%-21.8pp | N/A | 4.3%+12.4pp | -29.9% | -8.8%-15.9pp | -3.9%-3.6pp |
| Return on Assets | -0.7%-1.2pp | -2.2%+0.8pp | -2.7%-1.6pp | N/A | 0.4%+1.5pp | -2.9% | -1.1%-7.5pp | -0.6%-0.4pp |
| Current Ratio | 1.26-0.2x | 1.68-0.7x | 1.80-0.5x | 1.08-0.7x | 1.46-0.5x | 2.41-12.8x | 2.27-8.1x | 1.79-2.5x |
| Debt-to-Equity | 6.66+3.1x | 5.68+1.8x | 4.19+1.5x | 2.52+0.4x | 3.59+1.2x | 3.91+3.9x | 2.70+2.6x | 2.15+1.8x |
| Asset Turnover | 0.140.0x | 0.060.0x | 0.050.0x | N/A | 0.120.0x | 0.06 | 0.06+0.1x | 0.17+0.2x |
| FCF Margin | 0.8%-12.6pp | -23.6%+7.8pp | -193.5% | N/A | 13.4%-2.0pp | -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.
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.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Lendway, Inc. LDWY | FY2024 | $37.8M | -$5.7M | -15.2% | $9.3M | 47/100 |
| DIRECT DIGITAL HLDGS A DRCT | FY2025 | $34.7M | -$18.9M | -54.6% | $692K | — |
| Cheer Holding, Inc. CHR | FY2025 | $148.8M | $25.6M | 17.2% | $3.4M | 73/100 |
| Star Fashion Culture Holdings Limited STFS | FY2025 | $16.9M | -$18.3M | N/A | $62.9M | 19/100 |
| 36Kr Holdings Inc. KRKR | FY2020 | $59.3M | -$42.8M | -72.2% | $6.1M | — |
| Dolphin Entertainment, Inc. DLPN | FY2025 | $56.7M | -$3 | 0.0% | $13.5M | 51/100 |
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.