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Mercurity Fintech Holding Inc Financials

MFH
FY2025 annual
Revenue $1.9M +277.9% YoY
Net Income -$5.1M -12.4% YoY
EPS (Diluted) -$0.08 -14.3% YoY
Free Cash Flow Not reported for FY2025
Source SEC Filings (10-K/10-Q) Latest period Q1 FY2026, ended Mar 31, 2026 Reported Currency USD FYE December

Mercurity Fintech Holding Inc (MFH) reported $1.9M in revenue for fiscal year 2025, up 277.9% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 14 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 MFH FY2025

Revenue acceleration improved gross margins, but external financing funds balance-sheet expansion while operations remain cash-negative.

From FY2024 to FY2025, revenue more than tripled and gross margin widened from 47.5% to 64.3%; the improvement reflects better unit economics that still has not absorbed overhead. That combination points to margin expansion outpacing scale benefits: SG&A rose to $4.2M, leaving operating income at -$3.8M, so overhead remains material.

Operating cash flow improved from -$3.6M in FY2024 to -$2.4M in FY2025 even as revenue expanded, so cash conversion remained negative rather than tracking the reported gross-profit improvement. Gross profit reached $1.2M but net income remained -$5.1M, indicating non-gross costs and financing charges still absorb the gross contribution.

The liability reduction from $11.6M to $2.6M materially changed the financing posture. Assets expanded to $46.6M alongside $13.4M of financing inflow, indicating capital funding, not internally generated cash, financed the balance-sheet expansion.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Profitability Growth Leverage Liquidity CashFlow Returns 35 / 100
Financial Health Score 35/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Mercurity Fintech Holding 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.

Profitability
6

Mercurity Fintech Holding Inc's reported operating margin for fiscal year 2025 is below the lowest share of revenue this page publishes, so the figure is not shown here. This dimension scores 6/100.

Growth
0

Not available for Mercurity Fintech Holding Inc, and counted as zero in the overall score.

Leverage
83

Mercurity Fintech Holding Inc carries a low D/E ratio of 0.06, meaning only $0.06 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 83/100, indicating a strong balance sheet with room for future borrowing.

Liquidity
100

With a current ratio of 25.71, Mercurity Fintech Holding Inc holds $25.71 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.

Cash Flow
0

Not available for Mercurity Fintech Holding Inc, and counted as zero in the overall score.

Returns
23

Mercurity Fintech Holding Inc posts a -11.6% return on equity (ROE), meaning it loses $12 for every $100 of shareholders' equity. This results in a returns score of 23/100. This is up from -18.8% the prior year.

Altman Z-Score Safe
163.84

Mercurity Fintech Holding Inc scores 163.84, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($784.0M) relative to total liabilities ($2.6M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial
5/8

Mercurity Fintech Holding Inc passes 5 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality No Cash Backing
N/A

Mercurity Fintech Holding Inc reported a net loss of $5.1M while operations used $2.4M of cash. With neither figure positive, the ratio between the two carries no quality signal.

Interest Coverage At Risk
N/A

Mercurity Fintech Holding Inc reported an operating loss of $3.8M against $477K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.

Key Financial Metrics

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Earnings & Revenue

Revenue
$1.9M
YoY+277.9%
5Y CAGR+5.9%
10Y CAGR-16.6%

Mercurity Fintech Holding Inc generated $1.9M in revenue in fiscal year 2025. This represents an increase of 277.9% from the prior year.

Net Income
-$5.1M
YoY-12.4%

Mercurity Fintech Holding Inc reported -$5.1M in net income in fiscal year 2025. This represents a decrease of 12.4% from the prior year.

EPS (Diluted)
-$0.08
YoY-14.3%

Mercurity Fintech Holding Inc earned -$0.08 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 14.3% from the prior year.

EBITDA

Not reported for fiscal year 2025.

Cash & Balance Sheet

Cash & Debt
$33.8M
YoY+41.4%
5Y CAGR+186.6%
10Y CAGR+11.7%

Mercurity Fintech Holding Inc held $33.8M in cash as of fiscal year 2025; long-term debt is not reported for that period.

Shares Outstanding
73M
YoY+17.0%

Mercurity Fintech Holding Inc had 73M shares outstanding in fiscal year 2025. This represents an increase of 17.0% from the prior year.

Free Cash Flow

Not reported for fiscal year 2025.

Dividends Per Share

Not reported for fiscal year 2025.

Margins & Returns

Gross Margin
64.3%
YoY+16.9pp
5Y CAGR-30.0pp

Mercurity Fintech Holding Inc's gross margin was 64.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 16.9 percentage points from the prior year.

Return on Equity
-11.6%
YoY+7.2pp
5Y CAGR+4.5pp

Mercurity Fintech Holding Inc's ROE was -11.6% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 7.2 percentage points from the prior year.

Operating Margin

Not shown for fiscal year 2025: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.

Net Margin

Not shown for fiscal year 2025: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.

Capital Allocation

R&D Spending
$147K

Mercurity Fintech Holding Inc invested $147K in research and development in fiscal year 2025.

Share Buybacks

Not reported for fiscal year 2025.

Capital Expenditures

Not reported for fiscal year 2025.

MFH Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

MFH quarterly income statement
MetricQ1'26Q4'25Q2'25Q1'25Q4'24Q4'23Q4'22Q4'21
Revenue$508KN/AN/A$25KN/AN/AN/AN/A
Cost of Revenue$290KN/AN/A$67KN/AN/AN/AN/A
Gross Profit$218KN/AN/A-$42KN/AN/AN/AN/A
R&D Expenses$84KN/AN/AN/AN/AN/AN/AN/A
SG&A Expenses$1.1MN/AN/A$713KN/AN/AN/AN/A
Operating Income-$1.3MN/AN/A-$853KN/AN/AN/AN/A
Interest Expense$252KN/AN/A$51KN/AN/AN/AN/A
Income Tax-$33KN/AN/A-$95KN/AN/AN/AN/A
Net Income-$1.4MN/AN/A-$1.3MN/AN/AN/AN/A
EPS (Diluted)-$0.02N/AN/A-$0.02N/AN/AN/AN/A

MFH Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

MFH quarterly balance sheet
MetricQ1'26Q4'25Q2'25Q1'25Q4'24Q4'23Q4'22Q4'21
Total Assets$49.7M+6.6%$46.6M+27.4%$36.6MN/A$35.7M+17.4%$30.4M+60.9%$18.9M+109.5%$9.0M
Current Assets$48.3M+6.9%$45.2M+39.0%$32.5MN/A$30.2M+27.4%$23.7M+215.3%$7.5M+331.5%$1.7M
Cash & Equivalents$36.7M+8.6%$33.8M+34.4%$25.2MN/A$23.9M+48.4%$16.1M+116.4%$7.4M+1590.0%$441K
Accounts Receivable$166K-44.6%$300K+203.3%$99KN/AN/AN/A$0$0
GoodwillN/AN/AN/AN/AN/AN/AN/A$0
Total Liabilities$2.7M+5.2%$2.6M-64.2%$7.2MN/A$11.6M-7.6%$12.6M+508.6%$2.1M+50.5%$1.4M
Current Liabilities$2.0M+12.6%$1.8M-75.4%$7.1MN/A$11.6M-5.7%$12.3M+758.9%$1.4M+4.2%$1.4M
Total Equity$47.0M+6.7%$44.0M+49.7%$29.4M-4.9%$30.9M+28.5%$24.1M+35.1%$17.8M+6.0%$16.8M+120.1%$7.6M
Retained Earnings-$686.9M-0.2%-$685.5M-0.3%-$683.4MN/A-$680.4M-0.6%-$676.7M-1.4%-$667.3M-0.9%-$661.7M

Not reported in any period shown, so not listed: Inventory, Long-Term Debt.

MFH Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

MFH quarterly cash flow statement
MetricQ1'26Q4'25Q2'25Q1'25Q4'24Q4'23Q4'22Q4'21
Operating Cash Flow-$803KN/A-$529K+33.9%-$800KN/AN/AN/AN/A
Capital Expenditures$11KN/AN/AN/AN/AN/AN/AN/A
Free Cash Flow-$815KN/AN/AN/AN/AN/AN/AN/A
Investing Cash Flow-$137KN/A-$157K+83.2%-$937KN/AN/AN/AN/A
Financing Cash Flow$3.8MN/A$0-100.0%$3.7MN/AN/AN/AN/A

Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.

MFH Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples.

MFH quarterly financial ratios
MetricQ1'26Q4'25Q2'25Q1'25Q4'24Q4'23Q4'22Q4'21
Gross Margin43.0%N/AN/A-168.9%N/AN/AN/AN/A
Operating Margin-257.7%N/AN/A-3404.9%N/AN/AN/AN/A
Net Margin-266.5%N/AN/A-5192.4%N/AN/AN/AN/A
Return on Equity-2.9%N/AN/A-4.2%N/AN/AN/AN/A
Return on Assets-2.7%N/AN/AN/AN/AN/AN/AN/A
Current Ratio24.40-1.3x25.71+21.2x4.55N/A2.61+0.7x1.93-3.3x5.26+4.0x1.27
Debt-to-Equity0.060.0x0.06-0.2x0.24N/A0.48-0.2x0.70+0.6x0.12-0.1x0.18
FCF Margin-160.5%N/AN/AN/AN/AN/AN/AN/A

Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Gross Margin, Operating Margin, Net Margin, FCF Margin.

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Frequently Asked Questions

What is Mercurity Fintech Holding Inc's annual revenue?

Mercurity Fintech Holding Inc (MFH) reported $1.9M in total revenue for fiscal year 2025. This represents a 277.9% 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 Mercurity Fintech Holding Inc's revenue growing?

Mercurity Fintech Holding Inc (MFH) revenue grew by 277.9% year-over-year, from $494K to $1.9M in fiscal year 2025.

Is Mercurity Fintech Holding Inc profitable?

No, Mercurity Fintech Holding Inc (MFH) reported a net income of -$5.1M in fiscal year 2025.

Mercurity Fintech Holding Inc (MFH) reported diluted earnings per share of -$0.08 for fiscal year 2025. This represents a -14.3% 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.

Mercurity Fintech Holding Inc (MFH) had a gross margin of 64.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

Mercurity Fintech Holding Inc (MFH) has a return on equity of -11.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

Mercurity Fintech Holding Inc (MFH) recorded an outflow of $2.4M in operating cash flow during fiscal year 2025, representing cash used by core business activities.

Mercurity Fintech Holding Inc (MFH) had $46.6M in total assets as of fiscal year 2025, including both current and long-term assets.

Mercurity Fintech Holding Inc (MFH) invested $147K in research and development during fiscal year 2025.

Mercurity Fintech Holding Inc (MFH) had 73M shares outstanding as of fiscal year 2025.

Mercurity Fintech Holding Inc (MFH) had a current ratio of 25.71 as of fiscal year 2025, which is generally considered healthy.

Mercurity Fintech Holding Inc (MFH) had a debt-to-equity ratio of 0.06 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

Mercurity Fintech Holding Inc (MFH) had a return on assets of -10.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Mercurity Fintech Holding Inc (MFH) has an Altman Z-Score of 163.84, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

Mercurity Fintech Holding Inc (MFH) has a Piotroski F-Score of 5 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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.

Mercurity Fintech Holding Inc (MFH) reported a net loss of $5.1M while operations used $2.4M of cash. With neither figure positive, the ratio between the two carries no quality signal. 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.

Mercurity Fintech Holding Inc (MFH) reported an operating loss of $3.8M against $477K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. 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.

Mercurity Fintech Holding Inc (MFH) scores 35 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.

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