Master Financials
This page shows Master (MB) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 2 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).
MasterBeef’s cash-generative operations sit inside a tight working-capital structure, leaving profits usable but liquidity less forgiving.
A thin equity base is doing most of the work: only$3.7M of equity supports the business, so ordinary profits translate into an outsized return on equity. That is why a plain6.5% net margin can coexist with115.3% ROE, while operating cash flow still runs ahead of net income; the company is earning on a very small ownership cushion rather than unusually wide margins.
The current ratio of 0.8x means short-term obligations exceed short-term assets, so near-term claims are financing part of the operating cycle and daily funding discipline matters more than the income statement alone suggests. Cash of
The business looks moderately capital intensive, not cash-hungry: operating cash flow of
Financial Health Signals
Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of Master'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.
Master's revenue declined 9.1% year-over-year, from $64.9M to $59.0M. This contraction results in a growth score of 18/100.
Master carries a low D/E ratio of 0.60, meaning only $0.60 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 90/100, indicating a strong balance sheet with room for future borrowing.
Master's current ratio of 1.55 is below the typical benchmark, resulting in a score of 27/100. However, the company holds substantial cash reserves (109% of current liabilities), which buffers actual liquidity risk. Large mature operators often run tight current ratios by design.
While Master generated -$1.6M in operating cash flow, capex of $177K consumed most of it, leaving -$1.8M in free cash flow. This results in a low score of 29/100, reflecting heavy capital investment rather than weak cash generation.
Master generates a -110.8% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is down from 115.3% the prior year.
Master passes 3 of 9 financial strength tests. 1 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Master generates $0.24 in operating cash flow (-$1.6M OCF vs -$6.7M 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
Earnings & Revenue
Master generated $59.0M in revenue in fiscal year 2025. This represents a decrease of 9.1% from the prior year.
Master reported -$6.7M in net income in fiscal year 2025. This represents a decrease of 259.3% from the prior year.
Cash & Balance Sheet
Master generated -$1.8M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 129.0% from the prior year.
Master held $19.0M in cash against $3.7M in long-term debt as of fiscal year 2025.
Master had 17M shares outstanding in fiscal year 2025. This represents an increase of 14.4% from the prior year.
Margins & Returns
Master's net profit margin was -11.4% in fiscal year 2025, showing the share of revenue converted to profit. This is down 18.0 percentage points from the prior year.
Master's ROE was -110.8% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 226.0 percentage points from the prior year.
Capital Allocation
Master invested $177K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 88.6% from the prior year.
MB Income Statement
| Metric | Q3'25 |
|---|---|
| Revenue | N/A |
| Cost of Revenue | N/A |
| Gross Profit | N/A |
| R&D Expenses | N/A |
| SG&A Expenses | N/A |
| Operating Income | N/A |
| Interest Expense | N/A |
| Income Tax | N/A |
| Net Income | N/A |
| EPS (Diluted) | N/A |
MB Balance Sheet
| Metric | Q3'25 |
|---|---|
| Total Assets | $39.7M |
| Current Assets | $22.7M |
| Cash & Equivalents | $15.1M |
| Inventory | $2.6M |
| Accounts Receivable | $427K |
| Goodwill | N/A |
| Total Liabilities | $36.0M |
| Current Liabilities | $27.4M |
| Long-Term Debt | $4.7M |
| Total Equity | $3.7M |
| Retained Earnings | $3.7M |
MB Cash Flow Statement
| Metric | Q3'25 |
|---|---|
| Operating Cash Flow | N/A |
| Capital Expenditures | N/A |
| Free Cash Flow | N/A |
| Investing Cash Flow | N/A |
| Financing Cash Flow | N/A |
| Dividends Paid | N/A |
| Share Buybacks | N/A |
MB Financial Ratios
| Metric | Q3'25 |
|---|---|
| Gross Margin | N/A |
| Operating Margin | N/A |
| Net Margin | N/A |
| Return on Equity | N/A |
| Return on Assets | N/A |
| Current Ratio | 0.83 |
| Debt-to-Equity | 1.27 |
| FCF Margin | N/A |
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Frequently Asked Questions
What is Master's annual revenue?
Master (MB) reported $59.0M in total revenue for fiscal year 2025. This represents a -9.1% 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 Master's revenue growing?
Master (MB) revenue declined by 9.1% year-over-year, from $64.9M to $59.0M in fiscal year 2025.
Is Master profitable?
No, Master (MB) reported a net income of -$6.7M in fiscal year 2025, with a net profit margin of -11.4%.
How much debt does Master have?
As of fiscal year 2025, Master (MB) had $19.0M in cash and equivalents against $3.7M in long-term debt.
What is Master's net profit margin?
Master (MB) had a net profit margin of -11.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Master's return on equity (ROE)?
Master (MB) has a return on equity of -110.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Master's free cash flow?
Master (MB) generated -$1.8M in free cash flow during fiscal year 2025. This represents a -129.0% 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 Master's operating cash flow?
Master (MB) generated -$1.6M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Master's total assets?
Master (MB) had $39.1M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Master's capital expenditures?
Master (MB) invested $177K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Master's current ratio?
Master (MB) had a current ratio of 1.55 as of fiscal year 2025, which is generally considered healthy.
What is Master's debt-to-equity ratio?
Master (MB) had a debt-to-equity ratio of 0.60 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Master's return on assets (ROA)?
Master (MB) had a return on assets of -17.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Master's cash runway?
Based on fiscal year 2025 data, Master (MB) had $19.0M in cash against an annual operating cash burn of $1.6M. This gives an estimated cash runway of approximately 140 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 Master's Piotroski F-Score?
Master (MB) has a Piotroski F-Score of 3 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Master's earnings high quality?
Master (MB) has an earnings quality ratio of 0.24x, 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 Master?
Master (MB) scores 27 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.