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 2025. This represents a -11.8% 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.

Madison Technologies Inc Financials

MDEX

Source SEC Filings (10-K/10-Q) Updated Mar 31, 2026 Currency USD FYE December

This page shows Madison Technologies Inc (MDEX) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 13 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).

Rhea AI MDEX FY2025 2026-05-05

Madison Technologies now resembles a financing-supported shell at this stage, where recurring cash burn is covered by new funding instead of operating assets.

In FY2024 and FY2025, financing inflows closely mirrored operating cash outflows. With assets stuck at just $131K, that near one-for-one funding pattern suggests each new dollar raised is largely replacing cash consumed by the business, not restoring a meaningful operating footprint or creating room for expansion.

The balance sheet has almost no asset cushion: assets are about $131K against liabilities of $23.4M. That leaves the company with very little tangible capacity to absorb setbacks, refinance from strength, or support much activity without continued outside funding and creditor tolerance.

The earnings-to-cash gap also matters. Operating loss worsened from -$302K to -$500K, but operating cash burn stayed in the same rough range, so reported loss and near-term funding need are no longer moving together, making the cash-flow statement more informative than the income statement for judging internal cash generation.

Financial Health Signals

Financial Profile 9/100

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 Madison Technologies 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.

Key Financial Metrics

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Earnings & Revenue

Revenue

N/A

EBITDA

N/A

Net Income

N/A

EPS (Diluted)

$-0.00

YoY-11.8%

Madison Technologies Inc earned $-0.00 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 11.8% from the prior year.

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

N/A

Dividends Per Share

N/A

Shares Outstanding

1.60B

YoY+0.0%

5Y CAGR+132.7%

10Y CAGR+64.1%

Madison Technologies Inc had 1.60B shares outstanding in fiscal year 2025. This represents an increase of 0.0% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

N/A

Return on Equity

N/A

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

N/A

MDEX Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	N/A	N/A	N/A	N/A	$1.2M+90413.5%	$1K
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	$796
Gross Profit	N/A	N/A	N/A	N/A	N/A	$578
R&D Expenses	N/A	N/A	N/A	N/A	N/A	$89K
SG&A Expenses	$188K+248.3%	$54K-87.3%	$427K-40.7%	$720K+8388.1%	$8K-71.4%	$30K
Operating Income	-$500K-65.4%	-$302K+46.7%	-$567K+84.5%	-$3.7M+21.3%	-$4.6M-3857.5%	-$117K
Interest Expense	N/A	N/A	$2.4M-32.7%	$3.6M-31.7%	$5.3M+2115.7%	$237K
Income Tax	N/A	N/A	N/A	-$2.8M+7.9%	-$3.0M-1467.0%	-$191K
Net Income	N/A	N/A	-$5.3M+58.9%	-$12.9M+9.5%	-$14.3M-1467.0%	-$910K
EPS (Diluted)	$-0.00-11.8%	$-0.00+48.5%	$-0.00-156.9%	$0.01	N/A	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
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	N/A	$40K-1.0%	$40K-34.3%	$61K	N/A	$3K-71.4%	$9K
Operating Income	-$86K	N/A	-$42K+65.4%	-$120K-2.1%	-$118K	N/A	-$22K+71.1%	-$75K
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	$605K+1.1%	$598K
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	N/A	N/A	N/A	N/A	N/A	N/A	-$626K+6.9%	-$673K
EPS (Diluted)	$-0.00	N/A	$-0.000.0%	$-0.000.0%	$-0.00	N/A	$-0.000.0%	$-0.00

MDEX Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$131K0.0%	$131K	$0-100.0%	$11.7M-30.0%	$16.8M+3183.6%	$511K
Current Assets	N/A	N/A	$593-100.0%	$11.7M-29.3%	$16.6M+21399.2%	$77K
Cash & Equivalents	N/A	N/A	$593	N/A	$729-92.3%	$9K
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	$168K	N/A
Goodwill	N/A	N/A	N/A	$4.2M0.0%	$4.2M	N/A
Total Liabilities	$23.4M+14.3%	$20.5M+16.7%	$17.6M-27.1%	$24.1M+18.0%	$20.4M+2957.5%	$669K
Current Liabilities	N/A	N/A	N/A	N/A	$6.1M+891.5%	$611K
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	-$23.3M-14.3%	-$20.4M-15.9%	-$17.6M-42.1%	-$12.4M-236.7%	-$3.7M-2227.2%	-$158K
Retained Earnings	-$34.6M-9.4%	-$31.7M-9.7%	-$28.9M-22.5%	-$23.6M-49.6%	-$15.7M-960.8%	-$1.5M

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Total Assets	$91K-30.4%	$131K+696.7%	$16K-68.0%	$51K-43.6%	$91K-30.4%	$131K	N/A	N/A
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	$24.1M+2.6%	$23.4M+4.3%	$22.5M+2.8%	$21.9M+3.2%	$21.2M+3.3%	$20.5M	N/A	N/A
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	-$24.0M-2.8%	-$23.3M-3.8%	-$22.5M-3.0%	-$21.8M-3.4%	-$21.1M-3.5%	-$20.4M-3.4%	-$19.7M-3.3%	-$19.1M
Retained Earnings	-$35.3M-1.9%	-$34.6M-2.7%	-$33.7M-2.0%	-$33.1M-2.2%	-$32.4M-2.2%	-$31.7M	N/A	N/A

MDEX Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	-$331K+16.1%	-$395K-22.1%	-$323K+88.6%	-$2.8M-0.8%	-$2.8M-472.7%	-$489K
Capital Expenditures	N/A	N/A	N/A	N/A	$167K+1570.0%	$10K
Free Cash Flow	N/A	N/A	N/A	N/A	-$3.0M-494.7%	-$499K
Investing Cash Flow	N/A	N/A	N/A	N/A	-$886K-8757.5%	-$10K
Financing Cash Flow	$331K-16.1%	$395K+8.5%	$364K-79.4%	$1.8M-91.6%	$21.0M+4034.4%	$507K
Dividends Paid	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

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Operating Cash Flow	-$197K-13.1%	-$174K-528.1%	-$28K+26.9%	-$38K+58.1%	-$91K+48.2%	-$175K-4141.7%	-$4K+94.5%	-$75K
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	$197K+13.1%	$174K+528.1%	$28K-26.9%	$38K-58.1%	$91K-48.2%	$175K+4141.7%	$4K-94.5%	$75K
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	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	42.1%
Operating Margin	N/A	N/A	N/A	N/A	-373.5%+8168.7pp	-8542.2%
Net Margin	N/A	N/A	N/A	N/A	-1146.8%+65095.0pp	-66241.9%
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	N/A	N/A	N/A	-110.0%-24.9pp	-85.1%+93.2pp	-178.3%
Current Ratio	N/A	N/A	N/A	N/A	2.74+2.6	0.13
Debt-to-Equity	-1.010.0	-1.010.0	-1.00+0.9	-1.95+3.6	-5.56-1.3	-4.23
FCF Margin	N/A	N/A	N/A	N/A	-238.8%+36102.2pp	-36341.0%

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
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	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	-1.000.0	-1.010.0	-1.000.0	-1.000.0	-1.000.0	-1.01	N/A	N/A
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Note: Shareholder equity is negative (-$23.3M), 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

What is Madison Technologies Inc's operating cash flow?

Madison Technologies Inc (MDEX) generated -$331K in operating cash flow during fiscal year 2025, 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 2025, 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 2025.

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 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

Why is Madison Technologies Inc's debt-to-equity ratio negative or unusual?

Madison Technologies Inc (MDEX) has negative shareholder equity of -$23.3M as of fiscal year 2025, 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.

How financially healthy is Madison Technologies Inc?

Madison Technologies Inc (MDEX) scores 9 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.