Madison Technologies (MDEX) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Nov 2, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 19, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the MDEX SEC filings page.
This page shows Madison Technologies Inc (MDEX) financial statements, including the 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).
The valid figures show revenue of $1.24M alongside operating losses and liabilities above assets.
FY2021 operating loss was$4.64M against revenue of$1.24M , indicating costs exceeded the recorded business volume. Operating cash flow was negative at$2.80M , while liabilities equaled121.9% of assets; together, those figures point to both operating cash consumption and a balance sheet dependent on financing.
The current ratio was 2.7x, but that short-term cushion coexisted with negative equity and a net loss of
The cash-conversion gap was not favorable: free cash flow was negative at
Some figures from recent filings were inconsistent and were omitted from this summary.
Financial Health Signals
We do not publish a peer-relative financial health score for Madison Technologies Inc, because the score only covers companies whose filings and listing give us what it needs to compare them with their peers. The metrics below are current.
Key Financial Metrics
Earnings & Revenue
Madison Technologies Inc earned $0.00 per diluted share (EPS) in Q2 2026. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Not reported for Q2 2026.
Not reported for Q2 2026.
Not reported for Q2 2026.
Cash & Balance Sheet
Madison Technologies Inc carried $2.5M in long-term debt as of Q2 2026; cash and equivalents are not reported for that period.
Not reported for Q2 2026.
Not reported for Q2 2026.
Margins & Returns
None of these metrics is reported for Q2 2026.
Capital Allocation
None of these metrics is reported for Q2 2026.
MDEX 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 | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K/A | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| SG&A Expenses | $48K+20.7% | $40K-35.0% | N/A | $40K+1436.7% | $40K+343.7% | $61K+294.1% | N/A | $3K |
| Operating Income | -$84Kn/m | -$86Kn/m | N/A | -$42Kn/m | -$120Kn/m | -$118Kn/m | N/A | -$22K |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $605K-41.5% |
| Net Income | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -$626Kn/m |
| EPS (Basic) | $0.00n/m | $0.00n/m | $0.00n/m | $0.00n/m | $0.00n/m | $0.00n/m | $0.00 | $0.00n/m |
| EPS (Diluted) | $0.00n/m | $0.00n/m | $0.00n/m | $0.00n/m | $0.00n/m | $0.00n/m | $0.00 | $0.00 |
| Diluted Shares (Avg) | 1.73B+8.0% | 1.68B+4.7% | N/A | 1.60B0.0% | 1.60B0.0% | 1.60B0.0% | N/A | 1.60B |
Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, EBITDA, Income Tax.
MDEX 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 | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K/A | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $51K0.0% | $91K0.0% | $131K0.0% | $16K | $51K | $91K | $131Kn/m | N/A |
| Total Liabilities | $24.6M+12.6% | $24.1M+13.6% | $23.4M+14.3% | $22.5M | $21.9M | $21.2M | $20.5M+16.7% | N/A |
| Long-Term Debt | $2.5M-0.8% | $2.5M-0.8% | $2.5M0.0% | $2.5M | $2.5M | $2.5M | $2.5M | N/A |
| Total Equity | -$24.6Mn/m | -$24.0Mn/m | -$23.3Mn/m | -$22.5Mn/m | -$21.8Mn/m | -$21.1Mn/m | -$20.4Mn/m | -$19.7Mn/m |
| Retained Earnings | -$35.9Mn/m | -$35.3Mn/m | -$34.6Mn/m | -$33.7M | -$33.1M | -$32.4M | -$31.7Mn/m | N/A |
Not reported in any period shown, so not listed: Current Assets, Cash & Equivalents, Short-Term Investments, Inventory, Accounts Receivable, Long-Term Investments, Goodwill, Current Liabilities, Non-Current Liabilities.
MDEX 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.
Not reported in any period shown, so not listed: Depreciation & Amortization, Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Investing Cash Flow, Dividends Paid, Share Buybacks.
MDEX 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.
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Return on Equity, Return on Assets, Current Ratio, Debt-to-Equity, Liabilities-to-Equity, Asset Turnover, FCF Margin.
Note: Shareholder equity is negative (-$23.3M), which causes the debt-to-equity, liabilities-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
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. Market cap is stated at each company's latest close.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Madison Technologies Inc MDEX | FY2025 | N/A | N/A | N/A | $352K | — |
| The Awareness Group TAAG | FY2025 | $541K | -$1.1M | N/A | $417K | — |
| Flash Sports & Media Holding FLZH | FY2025 | N/A | N/A | N/A | $783K | — |
Where Madison Technologies Inc Ranks
Frequently Asked Questions
Madison Technologies Inc (MDEX) recorded an outflow of $331K in operating cash flow during fiscal year 2025, representing cash used by core business activities.
Madison Technologies Inc (MDEX) had $131K in total assets as of fiscal year 2025, including both current and long-term assets.
Madison Technologies Inc (MDEX) has no price-to-earnings ratio at the moment: no net income reported. The market capitalization is $352K as of Nov 2, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
Madison Technologies Inc (MDEX) has no price-to-sales ratio at the moment: no revenue reported. The market capitalization is $352K as of Nov 2, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
Madison Technologies Inc (MDEX) has negative shareholder equity of -$23.3M as of fiscal year 2025, so no debt-to-equity or liabilities-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. 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.