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).
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 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.
Madison Technologies Inc passes 1 of 9 financial strength tests. 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution).
For every $1 of reported earnings, Madison Technologies Inc generates $0.11 in operating cash flow (-$331K OCF vs -$3.0M 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 $-0.2 in operating income for every $1 of interest expense (-$500K vs $2.5M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Madison Technologies Inc reported -$3.0M in net income in fiscal year 2025. This represents a decrease of 6.4% from the prior year.
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
Madison Technologies Inc had 1.68B shares outstanding in fiscal year 2025. This represents an increase of 4.7% from the prior year.
Margins & Returns
Capital Allocation
MDEX Income Statement
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| 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-1.0% | $40K-34.3% | $61K | N/A | $3K-71.4% | $9K-41.7% | $15K | N/A |
| Operating Income | -$42K+65.4% | -$120K-2.1% | -$118K | N/A | -$22K+71.1% | -$75K+46.5% | -$140K | N/A |
| Interest Expense | $605K+1.1% | $598K+1.1% | $592K | N/A | $605K+1.1% | $598K+6.7% | $561K | N/A |
| 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 | N/A | -$626K+6.9% | -$673K+19.0% | -$831K | N/A |
| EPS (Diluted) | $-0.000.0% | $-0.000.0% | $-0.00 | N/A | $-0.000.0% | $-0.00+20.0% | $-0.00 | N/A |
MDEX Balance Sheet
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $16K-68.0% | $51K-43.6% | $91K-30.4% | $131K | N/A | N/A | N/A | $0 |
| 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 | N/A | $17.6M |
| 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-3.4% | -$19.7M-3.3% | -$19.1M-3.7% | -$18.4M-4.7% | -$17.6M |
| Retained Earnings | -$33.7M-2.0% | -$33.1M-2.2% | -$32.4M-2.2% | -$31.7M | N/A | N/A | N/A | -$28.9M |
MDEX Cash Flow Statement
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$28K+26.9% | -$38K+58.1% | -$91K+48.2% | -$175K-4141.7% | -$4K+94.5% | -$75K+46.6% | -$140K-102.1% | $6.7M |
| 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+4141.7% | $4K-94.5% | $75K-46.6% | $140K+301.6% | $35K |
| 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 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| 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 | -3943.8%-2542.6pp | -1401.2%-620.9pp | -780.3% | 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 | -1.000.0 | -1.000.0 | -1.01 | N/A | N/A | N/A | -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 (-$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
Is Madison Technologies Inc profitable?
No, Madison Technologies Inc (MDEX) reported a net income of -$3.0M in fiscal year 2025.
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.
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.
What is Madison Technologies Inc's return on assets (ROA)?
Madison Technologies Inc (MDEX) had a return on assets of -2282.8% for fiscal year 2025, 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 -$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.
What is Madison Technologies Inc's Piotroski F-Score?
Madison Technologies Inc (MDEX) has a Piotroski F-Score of 1 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 Madison Technologies Inc's earnings high quality?
Madison Technologies Inc (MDEX) has an earnings quality ratio of 0.11x, 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 -0.2x, 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.
How financially healthy is Madison Technologies Inc?
Madison Technologies Inc (MDEX) scores 0 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.