Medalist Diversified, Inc Financials
This page shows Medalist Diversified, Inc (MDRR) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 8 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).
Positive operating cash flow masks a thinly capitalized balance sheet as depreciation supports cash while interest keeps reported earnings strained.
The FY2024 profit blip looks temporary rather than structural, because operating margin fell from38.3% to5.3% in FY2025. That reversal matters because lower interest expense still did not keep net income above water, which returned to-$2.39M in FY2025.
Across the last five annual periods, operating cash flow stayed positive even when net income was usually negative, which suggests reported losses were heavily shaped by non-cash charges rather than pure cash burn. In FY2025, operating cash flow of
Leverage worsened through the equity base more than through rising liabilities: debt-to-equity climbed to 5.4x because equity shrank to
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 Medalist Diversified, 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.
Medalist Diversified, Inc has an operating margin of 5.3%, meaning the company retains $5 of operating profit per $100 of revenue. This results in a moderate score of 49/100, indicating healthy but not exceptional operating efficiency. This is down from 38.3% the prior year.
Medalist Diversified, Inc's revenue grew 6.8% year-over-year to $10.4M, a solid pace of expansion. This earns a growth score of 34/100.
Medalist Diversified, Inc has elevated debt relative to equity (D/E of 5.45), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.
Medalist Diversified, Inc generates a -25.3% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is down from 0.2% the prior year.
Medalist Diversified, Inc passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Medalist Diversified, Inc generates $-0.64 in operating cash flow ($1.5M OCF vs -$2.4M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Medalist Diversified, Inc earns $0.2 in operating income for every $1 of interest expense ($548K vs $2.6M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Medalist Diversified, Inc generated $10.4M in revenue in fiscal year 2025. This represents an increase of 6.8% from the prior year.
Medalist Diversified, Inc's EBITDA was $3.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 49.1% from the prior year.
Medalist Diversified, Inc reported -$2.4M in net income in fiscal year 2025. This represents a decrease of 8779.1% from the prior year.
Medalist Diversified, Inc earned $-1.90 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 6433.3% from the prior year.
Cash & Balance Sheet
Medalist Diversified, Inc held $2.6M in cash against $51.4M in long-term debt as of fiscal year 2025.
Medalist Diversified, Inc paid $0.27 per share in dividends in fiscal year 2025. This represents an increase of 57.4% from the prior year.
Medalist Diversified, Inc had 1M shares outstanding in fiscal year 2025. This represents a decrease of 17.5% from the prior year.
Margins & Returns
Medalist Diversified, Inc's operating margin was 5.3% in fiscal year 2025, reflecting core business profitability. This is down 33.1 percentage points from the prior year.
Medalist Diversified, Inc's net profit margin was -23.0% in fiscal year 2025, showing the share of revenue converted to profit. This is down 23.3 percentage points from the prior year.
Medalist Diversified, Inc's ROE was -25.3% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 25.5 percentage points from the prior year.
Capital Allocation
Medalist Diversified, Inc spent $141K on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 333.6% from the prior year.
MDRR Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.2M-23.5% | $2.8M+1.3% | $2.8M+13.0% | $2.5M+6.2% | $2.3M-8.1% | $2.5M+8.1% | $2.3M+1.6% | $2.3M |
| Cost of Revenue | $304K | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | $1.9M | 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 | $348K+14.7% | $304K+12.9% | $269K-24.7% | $357K+1.1% | $353K+61.0% | $220K-7.8% | $238K+11.3% | $214K |
| Operating Income | $12.3M+2845.9% | $417K-5.5% | $442K+82.8% | $242K+143.7% | -$553K-223.4% | $448K+47.7% | $303K+40.6% | $216K |
| Interest Expense | $456K-36.6% | $720K-6.4% | $769K+37.6% | $559K-2.5% | $573K-16.8% | $689K-5.8% | $731K+1.0% | $723K |
| Income Tax | -$2.1M | N/A | N/A | N/A | N/A | N/A | $0 | $0 |
| Net Income | $9.0M+1793.1% | -$530K-33.8% | -$396K+13.3% | -$456K+54.7% | -$1.0M-258.1% | -$281K+46.6% | -$527K-1.0% | -$522K |
| EPS (Diluted) | $4.85 | N/A | $-0.33+2.9% | $-0.34+54.1% | $-0.74 | N/A | $-0.470.0% | $-0.47 |
MDRR Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $68.9M-11.3% | $77.7M-15.6% | $92.1M+18.6% | $77.7M-0.7% | $78.2M+4.2% | $75.1M+0.7% | $74.6M-0.9% | $75.2M |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash & Equivalents | $8.6M+226.9% | $2.6M+39.5% | $1.9M-3.3% | $2.0M-28.9% | $2.7M-42.5% | $4.8M+53.0% | $3.1M-18.4% | $3.8M |
| 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 | $46.6M-13.1% | $53.6M-20.1% | $67.1M+28.2% | $52.3M-0.1% | $52.4M-3.2% | $54.1M-7.0% | $58.1M0.0% | $58.2M |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Debt | $26.7M-48.0% | $51.4M-19.2% | $63.6M+28.3% | $49.6M | N/A | N/A | N/A | N/A |
| Total Equity | $22.3M+136.5% | $9.4M-9.1% | $10.4M-22.6% | $13.4M-4.2% | $14.0M-6.9% | $15.0M+19.7% | $12.6M-4.7% | $13.2M |
| Retained Earnings | -$29.9M+22.9% | -$38.8M-1.4% | -$38.2M-1.3% | -$37.7M-1.6% | -$37.1M-3.0% | -$36.0M-1.0% | -$35.7M-1.7% | -$35.1M |
MDRR Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$508K+31.4% | -$741K-147.3% | $1.6M+542.2% | $244K-46.9% | $460K+19.4% | $385K+175.3% | $140K-82.0% | $779K |
| Capital Expenditures | $14.5M | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | -$15.1M | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | $4.7M-48.2% | $9.0M+158.9% | -$15.3M-3074.2% | -$481K-111.3% | -$227K+4.5% | -$238K+21.8% | -$305K-128.9% | -$133K |
| Financing Cash Flow | $1.2M+114.6% | -$7.9M-157.1% | $13.9M+3906.7% | -$364K+82.4% | -$2.1M-316.0% | $957K+388.9% | -$331K-4.3% | -$317K |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $107K | $0 | $0-100.0% | $34K-68.0% | $107K | $0 | N/A | N/A |
MDRR Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 85.9% | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | 569.4%+554.7pp | 14.8%-1.1pp | 15.8%+6.0pp | 9.8%+33.6pp | -23.8%-41.5pp | 17.7%+4.8pp | 13.0%+3.6pp | 9.4% |
| Net Margin | 415.3%+434.0pp | -18.8%-4.5pp | -14.2%+4.3pp | -18.5%+24.8pp | -43.4%-32.2pp | -11.1%+11.4pp | -22.6%+0.1pp | -22.7% |
| Return on Equity | 40.2%+45.8pp | -5.6%-1.8pp | -3.8%-0.4pp | -3.4%+3.8pp | -7.2%-5.3pp | -1.9%+2.3pp | -4.2%-0.2pp | -4.0% |
| Return on Assets | 13.0%+13.7pp | -0.7%-0.2pp | -0.4%+0.2pp | -0.6%+0.7pp | -1.3%-0.9pp | -0.4%+0.3pp | -0.7%-0.0pp | -0.7% |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | 1.20-4.3 | 5.45-0.7 | 6.13+2.4 | 3.70-0.0 | 3.74+0.1 | 3.60-1.0 | 4.63+0.2 | 4.41 |
| FCF Margin | -697.1% | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
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Frequently Asked Questions
What is Medalist Diversified, Inc's annual revenue?
Medalist Diversified, Inc (MDRR) reported $10.4M in total revenue for fiscal year 2025. This represents a 6.8% 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 Medalist Diversified, Inc's revenue growing?
Medalist Diversified, Inc (MDRR) revenue grew by 6.8% year-over-year, from $9.7M to $10.4M in fiscal year 2025.
Is Medalist Diversified, Inc profitable?
No, Medalist Diversified, Inc (MDRR) reported a net income of -$2.4M in fiscal year 2025, with a net profit margin of -23.0%.
What is Medalist Diversified, Inc's EBITDA?
Medalist Diversified, Inc (MDRR) had EBITDA of $3.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Medalist Diversified, Inc have?
As of fiscal year 2025, Medalist Diversified, Inc (MDRR) had $2.6M in cash and equivalents against $51.4M in long-term debt.
What is Medalist Diversified, Inc's operating margin?
Medalist Diversified, Inc (MDRR) had an operating margin of 5.3% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Medalist Diversified, Inc's net profit margin?
Medalist Diversified, Inc (MDRR) had a net profit margin of -23.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Medalist Diversified, Inc pay dividends?
Yes, Medalist Diversified, Inc (MDRR) paid $0.27 per share in dividends during fiscal year 2025.
What is Medalist Diversified, Inc's return on equity (ROE)?
Medalist Diversified, Inc (MDRR) has a return on equity of -25.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Medalist Diversified, Inc's operating cash flow?
Medalist Diversified, Inc (MDRR) generated $1.5M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Medalist Diversified, Inc's total assets?
Medalist Diversified, Inc (MDRR) had $77.7M in total assets as of fiscal year 2025, including both current and long-term assets.
What is Medalist Diversified, Inc's debt-to-equity ratio?
Medalist Diversified, Inc (MDRR) had a debt-to-equity ratio of 5.45 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Medalist Diversified, Inc's return on assets (ROA)?
Medalist Diversified, Inc (MDRR) had a return on assets of -3.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Medalist Diversified, Inc's Piotroski F-Score?
Medalist Diversified, Inc (MDRR) has a Piotroski F-Score of 4 out of 9, indicating neutral 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 Medalist Diversified, Inc's earnings high quality?
Medalist Diversified, Inc (MDRR) has an earnings quality ratio of -0.64x, considered mixed quality. 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 Medalist Diversified, Inc cover its interest payments?
Medalist Diversified, Inc (MDRR) 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 Medalist Diversified, Inc?
Medalist Diversified, Inc (MDRR) scores 14 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.