Madison Technologies Inc Financials
This page shows Madison Technologies Inc (MDEX) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 21 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
For every $1 of reported earnings, Madison Technologies Inc generates $0.14 in operating cash flow (-$395K OCF vs -$2.8M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Madison Technologies Inc earns $-0.1 in operating income for every $1 of interest expense (-$302K vs $2.4M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Madison Technologies Inc reported -$2.8M in net income in fiscal year 2024. This represents an increase of 47.2% from the prior year.
Madison Technologies Inc earned $-0.00 per diluted share (EPS) in fiscal year 2024. This represents an increase of 48.5% from the prior year.
Madison Technologies Inc had 1.60B shares outstanding in fiscal year 2024. This represents an increase of 0.0% from the prior year.
MDEX Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $40K-1.0% | $40K-34.3% | $61K+2263.4% | $3K-71.4% | $9K-41.7% | $15K | N/A | N/A |
| Operating Income | -$42K+65.4% | -$120K-2.1% | -$118K-443.1% | -$22K+71.1% | -$75K+46.5% | -$140K | N/A | N/A |
| Interest Expense | $605K+1.1% | $598K+1.1% | $592K-2.2% | $605K+1.1% | $598K+6.7% | $561K | N/A | $1.0M |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | -$646K+10.0% | -$718K-1.3% | -$709K-13.3% | -$626K+6.9% | -$673K+19.0% | -$831K | N/A | -$1.0M |
| EPS (Diluted) | $-0.000.0% | $-0.000.0% | $-0.000.0% | $-0.000.0% | $-0.00+20.0% | $-0.00 | N/A | N/A |
MDEX Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $16K-68.0% | $51K-43.6% | $91K-30.4% | $131K | N/A | N/A | $0+100.0% | -$1K |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash & Equivalents | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $22.5M+2.8% | $21.9M+3.2% | $21.2M+3.3% | $20.5M | N/A | N/A | $17.6M-40.6% | $29.6M |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | -$22.5M-3.0% | -$21.8M-3.4% | -$21.1M-3.5% | -$20.4M-6.8% | -$19.1M-3.7% | -$18.4M-4.7% | -$17.6M+40.6% | -$29.6M |
| Retained Earnings | -$33.7M-2.0% | -$33.1M-2.2% | -$32.4M-2.2% | -$31.7M | N/A | N/A | -$28.9M+30.9% | -$41.8M |
MDEX Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$28K+26.9% | -$38K+58.1% | -$91K+48.2% | -$175K-133.2% | -$75K+46.6% | -$140K-102.1% | $6.7M+249184.0% | $3K |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Financing Cash Flow | $28K-26.9% | $38K-58.1% | $91K-48.2% | $175K+133.2% | $75K-46.6% | $140K+301.6% | $35K+1403.4% | -$3K |
| 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 |
MDEX Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -3943.8%-2542.6pp | -1401.2%-620.9pp | -780.3% | N/A | N/A | N/A | N/A | 76743.0% |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | -1.000.0 | -1.000.0 | -1.000.0 | -1.01 | N/A | N/A | -1.000.0 | -1.00 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Note: Shareholder equity is negative (-$20.4M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
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Frequently Asked Questions
Is Madison Technologies Inc profitable?
No, Madison Technologies Inc (MDEX) reported a net income of -$2.8M in fiscal year 2024.
What is Madison Technologies Inc's earnings per share (EPS)?
Madison Technologies Inc (MDEX) reported diluted earnings per share of $-0.00 for fiscal year 2024. This represents a 48.5% 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 Madison Technologies Inc's operating cash flow?
Madison Technologies Inc (MDEX) generated -$395K in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Madison Technologies Inc's total assets?
Madison Technologies Inc (MDEX) had $131K in total assets as of fiscal year 2024, including both current and long-term assets.
How many shares does Madison Technologies Inc have outstanding?
Madison Technologies Inc (MDEX) had 1.60B shares outstanding as of fiscal year 2024.
What is Madison Technologies Inc's debt-to-equity ratio?
Madison Technologies Inc (MDEX) had a debt-to-equity ratio of -1.01 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Madison Technologies Inc's return on assets (ROA)?
Madison Technologies Inc (MDEX) had a return on assets of -2144.9% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
Why is Madison Technologies Inc's debt-to-equity ratio negative or unusual?
Madison Technologies Inc (MDEX) has negative shareholder equity of -$20.4M as of fiscal year 2024, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
Are Madison Technologies Inc's earnings high quality?
Madison Technologies Inc (MDEX) has an earnings quality ratio of 0.14x, 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 Madison Technologies Inc cover its interest payments?
Madison Technologies Inc (MDEX) has an interest coverage ratio of -0.1x, 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.