Newest figures come from the 10-Q for Q1 FY2026, filed May 14, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the MFH SEC filings page.
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).
Revenue accelerated and gross margin improved, yet persistent operating losses and cash use show growth has not reached self-funding.
Revenue rose from$494K in FY2024 to$1.9M in FY2025 while gross margin expanded. Yet operating cash flow remained negative at-$2.4M , so improved gross economics have not covered the operating cost base.
The
Debt-to-equity fell to 0.1x, leaving the balance sheet less dependent on debt than in FY2024. But financing cash flow of
Financial Health Signals
Scored against emerging 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.
Mercurity Fintech Holding Inc. held $36.2M in cash, cash equivalents and investments at the end of fiscal year 2025, and its operations used $2.4M of cash that year. Cash Runway ranks emerging companies on the size of that balance against the outflow behind it, and Mercurity Fintech Holding Inc. scores 97/100 among other emerging companies.
Mercurity Fintech Holding Inc. had 73M shares outstanding at the end of fiscal year 2025, against 62M in fiscal year 2024. Dilution ranks emerging companies on how fast that count has grown over three years, where a slower rise is the better one, and Mercurity Fintech Holding Inc. scores 49/100 among other emerging companies.
Mercurity Fintech Holding Inc. spent $147K on research and development in fiscal year 2025, which was 2.6% of its operating costs that year. R&D Intensity ranks emerging companies on the share of operating costs that goes into research, and Mercurity Fintech Holding Inc. scores 16/100 among other emerging companies.
Mercurity Fintech Holding Inc. reported revenue of $1.9M in fiscal year 2025, against $494K in fiscal year 2024. Revenue Progress ranks emerging companies on the three-year path of that line, and Mercurity Fintech Holding Inc. scores 87/100 among other emerging companies.
Mercurity Fintech Holding Inc.'s operations used $2.4M of cash in fiscal year 2025, against $3.6M used in fiscal year 2024. Burn Trend ranks emerging companies on which way that figure has moved over three years, and Mercurity Fintech Holding Inc. scores 52/100 among other emerging companies.
Mercurity Fintech Holding Inc.'s cash, cash equivalents and investments came to $36.2M at the end of fiscal year 2025, against $2.6M of total liabilities. Balance Sheet ranks emerging companies on that comparison, and Mercurity Fintech Holding Inc. scores 98/100 among other emerging companies.
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.
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.
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.
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
Earnings & Revenue
Mercurity Fintech Holding Inc. generated $508K in revenue in Q1 2026. This represents an increase of 1924.9% from the same quarter a year earlier.
Mercurity Fintech Holding Inc. reported -$1.4M in net income in Q1 2026. This represents a decrease of 3.9% from the same quarter a year earlier.
Mercurity Fintech Holding Inc. earned -$0.02 per diluted share (EPS) in Q1 2026. That is unchanged from the same quarter a year earlier.
Not reported for Q1 2026.
Cash & Balance Sheet
Mercurity Fintech Holding Inc. recorded an outflow of $815K in free cash flow in Q1 2026, representing a cash shortfall after capex.
Mercurity Fintech Holding Inc. held $36.7M in cash as of Q1 2026; long-term debt is not reported for that period.
Not reported for Q1 2026.
Margins & Returns
Mercurity Fintech Holding Inc.'s gross margin was 43.0% in Q1 2026, indicating the percentage of revenue retained after direct costs. No change is given against Q1 2025: its reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Mercurity Fintech Holding Inc.'s ROE was -2.9% in Q1 2026, measuring profit generated per dollar of shareholder equity. This is up 1.3 percentage points from the same quarter a year earlier.
Not shown for Q1 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not shown for Q1 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Capital Allocation
Mercurity Fintech Holding Inc. invested $84K in research and development in Q1 2026.
Mercurity Fintech Holding Inc. invested $11K in capex in Q1 2026, funding long-term assets and infrastructure.
Not reported for Q1 2026.
MFH 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 | Q1'2610-Q | Q4'2510-Q | Q2'25 | Q1'2510-Q | Q4'2410-K | Q4'23 | Q4'22 | Q4'21 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $508K+1924.9% | N/A | N/A | $25K | N/A | N/A | N/A | N/A |
| Cost of Revenue | $290K+329.5% | N/A | N/A | $67K | N/A | N/A | N/A | N/A |
| Gross Profit | $218K+614.9% | 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+60.4% | N/A | N/A | $713K | N/A | N/A | N/A | N/A |
| Operating Income | -$1.3M-53.3% | N/A | N/A | -$853K | N/A | N/A | N/A | N/A |
| Interest Expense | $252K+392.2% | N/A | N/A | $51K | N/A | N/A | N/A | N/A |
| Income Tax | -$33K+65.7% | N/A | N/A | -$95K | N/A | N/A | N/A | N/A |
| Net Income | -$1.4M-3.9% | N/A | N/A | -$1.3M | N/A | N/A | N/A | N/A |
| EPS (Basic) | -$0.020.0% | N/A | N/A | -$0.02 | N/A | N/A | N/A | N/A |
| EPS (Diluted) | -$0.020.0% | N/A | N/A | -$0.02 | N/A | N/A | N/A | N/A |
| Diluted Shares (Avg) | 74M+16.3% | N/A | N/A | 63M | N/A | N/A | N/A | N/A |
Not reported in any period shown, so not listed: EBITDA.
MFH 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 | Q1'2610-Q | Q4'2510-Q | Q2'25 | Q1'2510-Q | Q4'2410-K | Q4'23 | Q4'22 | Q4'21 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $49.7M | $46.6M+30.6% | $36.6M | N/A | $35.7M+17.4% | $30.4M+60.9% | $18.9M+109.5% | $9.0M-17.7% |
| Current Assets | $48.3M | $45.2M+49.7% | $32.5M | N/A | $30.2M+27.4% | $23.7M+215.3% | $7.5M+331.5% | $1.7M-29.5% |
| Cash & Equivalents | $36.7M | $33.8M+41.4% | $25.2M | N/A | $23.9M+48.4% | $16.1M+116.4% | $7.4M+1590.0% | $441K+152.1% |
| Accounts Receivable | $166K | $300K | $99K | N/A | N/A | N/A | $0 | $0-100.0% |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $0-100.0% |
| Total Liabilities | $2.7M | $2.6M-77.9% | $7.2M | N/A | $11.6M-7.6% | $12.6M+508.6% | $2.1M+50.5% | $1.4M+93.6% |
| Current Liabilities | $2.0M | $1.8M-84.8% | $7.1M | N/A | $11.6M-5.7% | $12.3M+758.9% | $1.4M+4.2% | $1.4M+93.6% |
| Non-Current Liabilities | $718K | $806K+3097.6% | $25K | N/A | $25K-91.1% | $282K-55.5% | $634K | $0 |
| Total Equity | $47.0M+51.8% | $44.0M+82.8% | $29.4M | $30.9M | $24.1M+35.1% | $17.8M+6.0% | $16.8M+120.1% | $7.6M-25.4% |
| Retained Earnings | -$686.9M | -$685.5M-0.7% | -$683.4M | N/A | -$680.4M-0.6% | -$676.7M-1.4% | -$667.3M-0.9% | -$661.7M-3.4% |
Not reported in any period shown, so not listed: Short-Term Investments, Inventory, Long-Term Investments, 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. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2610-Q | Q4'2510-Q | Q2'25 | Q1'2510-Q | Q4'2410-K | Q4'23 | Q4'22 | Q4'21 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$803K-0.4% | N/A | -$529K | -$800K | N/A | N/A | N/A | N/A |
| Stock-Based Compensation | $446K+280.0% | N/A | N/A | $117K | 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+85.4% | N/A | -$157K | -$937K | N/A | N/A | N/A | N/A |
| Financing Cash Flow | $3.8M+4.7% | N/A | $0 | $3.7M | N/A | N/A | N/A | N/A |
Not reported in any period shown, so not listed: Depreciation & Amortization, Dividends Paid, Share Buybacks.
MFH 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.
| Metric | Q1'2610-Q | Q4'2510-Q | Q2'25 | Q1'2510-Q | Q4'2410-K | 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%+1.3pp | 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 | 25.71+23.1x | 4.55 | N/A | 2.61+0.7x | 1.93-3.3x | 5.26+4.0x | 1.27-2.2x |
| Debt-to-Equity | 0.06 | 0.06-0.4x | 0.24 | N/A | 0.48-0.2x | 0.70+0.6x | 0.12-0.1x | 0.18+0.1x |
| Asset Turnover | 0.01 | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| FCF Margin | -160.5% | N/A | N/A | N/A | N/A | N/A | N/A | N/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.
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.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Mercurity Fintech Holding Inc. MFH | FY2025 | $1.9M | -$5.1M | N/A | $784.0M | 67/100 |
| LZ Technology Holdings Limited LZMH | FY2025 | $161.4M | -$24.8M | -15.4% | $9.4M | 30/100 |
| Xerox Holdings Corporation XRX | FY2025 | $7.0B | -$1.0B | -14.6% | $355.9M | 19/100 |
| TSS, Inc. TSSI | FY2025 | $245.7M | $15.1M | 6.2% | $260.2M | 57/100 |
| Hackett Group Inc (The). HCKT | FY2025 | $305.6M | $12.9M | 4.2% | $282.6M | 57/100 |
| Grid Dynamics Holdings, Inc. GDYN | FY2025 | $411.8M | $9.7M | 2.4% | $636.0M | 61/100 |
Where Mercurity Fintech Holding Inc. Ranks
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.
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 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) recorded an outflow of $2.4M in operating cash flow during fiscal year 2025, representing cash used by 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.
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 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) 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.
Can Mercurity Fintech Holding Inc. cover its interest payments?
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.
How financially healthy is Mercurity Fintech Holding Inc.?
Mercurity Fintech Holding Inc. (MFH) scores 67 out of 100 on our Financial Health Score, indicating strong standing within its emerging companies peer group. The score is a 0-100 composite of six dimensions (Cash Runway, Dilution, R&D Intensity, Revenue Progress, Burn Trend, Balance Sheet), 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.