What is Mercurity Fintech Holding Inc's earnings per share (EPS)?

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 Financials

MFH

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

This page shows Mercurity Fintech Holding Inc (MFH) financial statements, including the 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 2026-04-22

Mercurity’s dominant mechanic is capital-funded liquidity: a cash-rich balance sheet maintained by financing while core operations still consume cash.

Between FY2023 and FY2025, cash nearly doubled to $33.8M while financing inflows totaled $20.97M, even as operating cash flow stayed negative in each year. The subtle point is that liquidity improved at the same time earnings quality remained weak, so the balance sheet looks stronger without evidence that recurring operations can replenish cash on their own.

Gross margin flipped positive and reached 64.3% in FY2025, showing the direct economics of revenue improved sharply from the prior two years. But overhead still dominates: gross profit was $1.2M against SG&A of $4.2M, so the issue is insufficient scale over fixed costs, not just weak gross spread.

Liabilities shrank to just $2.6M against cash of $33.8M, which means near-term obligations are not what is driving reported losses. Operationally, this looks more like a company with a funded balance sheet searching for self-sustaining revenue than one using debt to bridge a temporary downturn.

Financial Health Signals

Financial Health Score 36/100

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

Mercurity Fintech Holding Inc has an operating margin of -202.0%, meaning the company retains $-202 of operating profit per $100 of revenue. This below-average margin results in a low score of 6/100, suggesting thin profitability after operating expenses. This is up from -405.0% the prior year.

Leverage

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 84/100, 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.

Returns

Mercurity Fintech Holding Inc generates a -11.6% ROE, indicating limited profit relative to shareholders' investment. 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 Low Quality

0.47x

For every $1 of reported earnings, Mercurity Fintech Holding Inc generates $0.47 in operating cash flow (-$2.4M OCF vs -$5.1M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Interest Coverage At Risk

-7.9x

Mercurity Fintech Holding Inc earns $-7.9 in operating income for every $1 of interest expense (-$3.8M vs $477K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

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.

EBITDA

N/A

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.

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$33.8M

YoY+41.4%

5Y CAGR+186.6%

10Y CAGR+11.7%

Mercurity Fintech Holding Inc held $33.8M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

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.

Margins & Returns

Gross Margin

64.3%

YoY+16.9pp

5Y CAGR-30.0pp

10Y CAGR+79.5pp

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.

Operating Margin

-202.0%

YoY+203.0pp

5Y CAGR-154.3pp

10Y CAGR+721.1pp

Mercurity Fintech Holding Inc's operating margin was -202.0% in fiscal year 2025, reflecting core business profitability. This is up 203.0 percentage points from the prior year.

Net Margin

-273.0%

YoY+644.8pp

5Y CAGR-155.3pp

10Y CAGR+542.2pp

Mercurity Fintech Holding Inc's net profit margin was -273.0% in fiscal year 2025, showing the share of revenue converted to profit. This is up 644.8 percentage points from the prior year.

Return on Equity

-11.6%

YoY+7.2pp

5Y CAGR+4.5pp

10Y CAGR+19.1pp

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.

Capital Allocation

R&D Spending

$147K

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

Share Buybacks

N/A

Capital Expenditures

N/A

MFH Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$1.9M+277.9%	$494K+10.8%	$446K-48.4%	$863K+28.8%	$670K-52.2%	$1.4M
Cost of Revenue	$666K+156.7%	$260K-81.8%	$1.4M+3.2%	$1.4M+96.5%	$703K+787.8%	$79K
Gross Profit	$1.2M+412.2%	$234K+124.0%	-$978K-89.2%	-$517K-1490.9%	-$33K-102.5%	$1.3M
R&D Expenses	$147K	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$4.2M+99.4%	$2.1M-17.0%	$2.5M+16.7%	$2.2M-79.2%	$10.4M+795.0%	$1.2M
Operating Income	-$3.8M-88.5%	-$2.0M+76.5%	-$8.5M-44.4%	-$5.9M+55.8%	-$13.3M-1889.7%	-$669K
Interest Expense	$477K+133.8%	$204K+204.1%	-$196K-3930.7%	$5K+372.6%	$1K-86.4%	$8K
Income Tax	-$82K-124.4%	$337K+471.2%	-$91K+63.5%	-$249K	$0	$0
Net Income	-$5.1M-12.4%	-$4.5M+51.5%	-$9.4M-66.1%	-$5.6M+74.0%	-$21.7M-1212.1%	-$1.7M
EPS (Diluted)	$-0.08-14.3%	$-0.07+65.0%	$-0.20+48.7%	$-0.39	$-2.23-792.0%	$-0.25

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

MFH Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$46.6M+30.6%	$35.7M+17.4%	$30.4M+60.9%	$18.9M+109.5%	$9.0M-17.7%	$11.0M
Current Assets	$45.2M+49.7%	$30.2M+27.4%	$23.7M+215.3%	$7.5M+331.5%	$1.7M-29.5%	$2.5M
Cash & Equivalents	$33.8M+41.4%	$23.9M+48.4%	$16.1M+116.4%	$7.4M+1590.0%	$441K+152.1%	$175K
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$300K	N/A	N/A	$0	$0-100.0%	$1.5M
Goodwill	N/A	N/A	N/A	N/A	$0-100.0%	$8.1M
Total Liabilities	$2.6M-77.9%	$11.6M-7.6%	$12.6M+508.6%	$2.1M+50.5%	$1.4M+93.6%	$708K
Current Liabilities	$1.8M-84.8%	$11.6M-5.7%	$12.3M+758.9%	$1.4M+4.2%	$1.4M+93.6%	$708K
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$44.0M+82.8%	$24.1M+35.1%	$17.8M+6.0%	$16.8M+120.1%	$7.6M-25.4%	$10.3M
Retained Earnings	-$685.5M-0.7%	-$680.4M-0.6%	-$676.7M-1.4%	-$667.3M-0.9%	-$661.7M-3.4%	-$640.0M

Metric	Q1'26	Q4'25	Q2'25	Q1'25	Q4'24	Q4'23	Q4'22	Q4'21
Total Assets	$49.7M+6.6%	$46.6M+27.4%	$36.6M	N/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%	$32.5M	N/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%	$25.2M	N/A	$23.9M+48.4%	$16.1M+116.4%	$7.4M+1590.0%	$441K
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$166K-44.6%	$300K+203.3%	$99K	N/A	N/A	N/A	$0	$0
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$0
Total Liabilities	$2.7M+5.2%	$2.6M-64.2%	$7.2M	N/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%	$7.1M	N/A	$11.6M-5.7%	$12.3M+758.9%	$1.4M+4.2%	$1.4M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
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%	-$683.4M	N/A	-$680.4M-0.6%	-$676.7M-1.4%	-$667.3M-0.9%	-$661.7M

MFH Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	-$2.4M+32.6%	-$3.6M-28.1%	-$2.8M-79.8%	-$1.6M-9.9%	-$1.4M-132.9%	-$606K
Capital Expenditures	N/A	$3K-31.4%	$4K-47.3%	$7K	$0	$0
Free Cash Flow	N/A	-$3.6M-28.1%	-$2.8M-79.2%	-$1.6M-10.5%	-$1.4M-132.9%	-$606K
Investing Cash Flow	-$1.2M-130.9%	$3.8M+148.4%	-$7.8M-936.9%	$937K	$0-100.0%	$144
Financing Cash Flow	$13.4M+76.7%	$7.6M-60.7%	$19.3M+150.0%	$7.7M+360.6%	$1.7M+458.7%	$300K
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	Q2'25	Q1'25	Q4'24	Q4'23	Q4'22	Q4'21
Operating Cash Flow	-$803K	N/A	-$529K+33.9%	-$800K	N/A	N/A	N/A	N/A
Capital Expenditures	$11K	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	-$815K	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$137K	N/A	-$157K+83.2%	-$937K	N/A	N/A	N/A	N/A
Financing Cash Flow	$3.8M	N/A	$0-100.0%	$3.7M	N/A	N/A	N/A	N/A
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

MFH Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	64.3%+16.9pp	47.4%+266.8pp	-219.4%-159.5pp	-59.9%-55.0pp	-4.9%-99.2pp	94.4%
Operating Margin	-202.0%+203.0pp	-405.0%+1501.0pp	-1906.0%-1224.4pp	-681.6%+1303.9pp	-1985.5%-1937.8pp	-47.7%
Net Margin	-273.0%+644.8pp	-917.8%+1180.5pp	-2098.4%-1445.7pp	-652.6%+2580.2pp	-3232.9%-3115.1pp	-117.8%
Return on Equity	-11.6%+7.2pp	-18.8%+33.7pp	-52.5%-19.0pp	-33.5%+249.8pp	-283.3%-267.2pp	-16.1%
Return on Assets	-10.9%+1.8pp	-12.7%+18.1pp	-30.8%-1.0pp	-29.8%+210.4pp	-240.2%-225.2pp	-15.1%
Current Ratio	25.71+23.1	2.61+0.7	1.93-3.3	5.26+4.0	1.27-2.2	3.49
Debt-to-Equity	0.06-0.4	0.48-0.2	0.70+0.6	0.12-0.1	0.18+0.1	0.07
FCF Margin	N/A	-724.0%-97.6pp	-626.4%-445.9pp	-180.5%+30.0pp	-210.6%-167.3pp	-43.2%

Metric	Q1'26	Q4'25	Q2'25	Q1'25	Q4'24	Q4'23	Q4'22	Q4'21
Gross Margin	43.0%	N/A	N/A	-168.9%	N/A	N/A	N/A	N/A
Operating Margin	-257.7%	N/A	N/A	-3404.9%	N/A	N/A	N/A	N/A
Net Margin	-266.5%	N/A	N/A	-5192.4%	N/A	N/A	N/A	N/A
Return on Equity	-2.9%	N/A	N/A	-4.2%	N/A	N/A	N/A	N/A
Return on Assets	-2.7%	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Current Ratio	24.40-1.3	25.71+21.2	4.55	N/A	2.61+0.7	1.93-3.3	5.26+4.0	1.27
Debt-to-Equity	0.060.0	0.06-0.2	0.24	N/A	0.48-0.2	0.70+0.6	0.12-0.1	0.18
FCF Margin	-160.5%	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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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, with a net profit margin of -273.0%.

What is Mercurity Fintech Holding Inc's gross margin?

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.

What is Mercurity Fintech Holding Inc's operating margin?

Mercurity Fintech Holding Inc (MFH) had an operating margin of -202.0% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Mercurity Fintech Holding Inc's net profit margin?

Mercurity Fintech Holding Inc (MFH) had a net profit margin of -273.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Mercurity Fintech Holding Inc's return on equity (ROE)?

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.

What is Mercurity Fintech Holding Inc's operating cash flow?

Mercurity Fintech Holding Inc (MFH) generated -$2.4M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Mercurity Fintech Holding Inc's total assets?

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

How much does Mercurity Fintech Holding Inc spend on research and development?

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

How many shares does Mercurity Fintech Holding Inc have outstanding?

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

What is Mercurity Fintech Holding Inc's current ratio?

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

What is Mercurity Fintech Holding Inc's debt-to-equity ratio?

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.

What is Mercurity Fintech Holding Inc's return on assets (ROA)?

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.

What is Mercurity Fintech Holding Inc's cash runway?

Based on fiscal year 2025 data, Mercurity Fintech Holding Inc (MFH) had $33.8M in cash against an annual operating cash burn of $2.4M. This gives an estimated cash runway of approximately 168 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

What is Mercurity Fintech Holding Inc's Altman Z-Score?

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.

What is Mercurity Fintech Holding Inc's Piotroski F-Score?

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.

Are Mercurity Fintech Holding Inc's earnings high quality?

Mercurity Fintech Holding Inc (MFH) has an earnings quality ratio of 0.47x, 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 Mercurity Fintech Holding Inc cover its interest payments?

Mercurity Fintech Holding Inc (MFH) has an interest coverage ratio of -7.9x, 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 Mercurity Fintech Holding Inc?

Mercurity Fintech Holding Inc (MFH) scores 36 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.