Millennium Group International Holdings (MGIH) 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 Oct 29, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 20-F for FY2026, filed Oct 29, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the MGIH SEC filings page.
Millennium Group International Holdings Limited (MGIH) reported $20.3M in revenue for fiscal year 2026, down 19.7% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 6 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).
Shrinking sales have left gross profit unable to cover overhead, while reinvestment still consumes operating cash.
From FY2025 to FY2026, revenue fell19.7% while gross profit fell65.0% . That pushed gross margin down 10.4 percentage points, while SG&A still consumed44.4% of revenue; the smaller sales base therefore carried a heavier overhead burden.
Operating cash flow was
Assets fell
Financial Health Signals
Scored against emerging companies for FY2026. Each of the six dimensions is a percentile rank within that peer group, and the overall is the average of the dimensions that can be computed: here 5 of 6, with the others left out rather than counted as zero. 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 Millennium Group International Holdings Limited'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.
Millennium Group International Holdings Limited held $5.6M in cash, cash equivalents and investments at the end of fiscal year 2026, and its operations used $4.5M of cash that year. Cash Runway ranks emerging companies on the size of that balance against the outflow behind it, and Millennium Group International Holdings Limited scores 41/100 among other emerging companies.
Millennium Group International Holdings Limited had 11M shares outstanding at the end of fiscal year 2026, against 11M in fiscal year 2025. Dilution ranks emerging companies on how fast that count has grown over three years, where a slower rise is the better one, and Millennium Group International Holdings Limited scores 73/100 among other emerging companies.
Not available for Millennium Group International Holdings Limited, so it is left out of the overall score, which averages the 5 of 6 dimensions that can be computed.
Millennium Group International Holdings Limited reported revenue of $20.3M in fiscal year 2026, against $25.3M in fiscal year 2025. Revenue Progress ranks emerging companies on the three-year path of that line, and Millennium Group International Holdings Limited scores 14/100 among other emerging companies.
Millennium Group International Holdings Limited's operations used $4.5M of cash in fiscal year 2026, against $1.7M used in fiscal year 2025. Burn Trend ranks emerging companies on which way that figure has moved over three years, and Millennium Group International Holdings Limited scores 43/100 among other emerging companies.
Millennium Group International Holdings Limited's cash, cash equivalents and investments came to $5.6M at the end of fiscal year 2026, against $11.6M of total liabilities. Balance Sheet ranks emerging companies on that comparison, and Millennium Group International Holdings Limited scores 44/100 among other emerging companies.
Millennium Group International Holdings Limited scores 0.20, below the 1.81 distress threshold. The score is pulled down most by an operating loss of $7.4M against total assets of $30.4M. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Millennium Group International Holdings Limited passes 3 of 9 financial strength tests. 1 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
Millennium Group International Holdings Limited reported a net loss of $7.1M while operations used $4.5M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Millennium Group International Holdings Limited reported an operating loss of $7.4M against $208K 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
Millennium Group International Holdings Limited generated $20.3M in revenue in fiscal year 2026. This represents a decrease of 19.7% from the prior year.
Millennium Group International Holdings Limited's EBITDA was -$6.2M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization. The change from the prior year is not meaningful, because that figure was zero or negative.
Millennium Group International Holdings Limited reported a net loss of $7.1M in fiscal year 2026. The change from the prior year is not meaningful, because that figure was zero or negative.
Millennium Group International Holdings Limited earned -$0.63 per diluted share (EPS) in fiscal year 2026. The change from the prior year is not meaningful, because that figure was zero or negative.
Cash & Balance Sheet
Millennium Group International Holdings Limited recorded an outflow of $6.0M in free cash flow in fiscal year 2026, representing a cash shortfall after capex. The change from the prior year is not meaningful, because that figure was zero or negative.
Millennium Group International Holdings Limited held $5.6M in cash against $4.0M in long-term debt as of fiscal year 2026.
Not reported for fiscal year 2026.
Margins & Returns
Millennium Group International Holdings Limited's gross margin was 8.1% in fiscal year 2026, indicating the percentage of revenue retained after direct costs. This is down 10.4 percentage points from the prior year.
Millennium Group International Holdings Limited's operating margin was -36.3% in fiscal year 2026, reflecting core business profitability. This is down 12.6 percentage points from the prior year.
Millennium Group International Holdings Limited's net profit margin was -34.8% in fiscal year 2026, showing the share of revenue converted to profit. This is down 9.9 percentage points from the prior year.
Millennium Group International Holdings Limited's ROE was -37.6% in fiscal year 2026, measuring profit generated per dollar of shareholder equity. This is down 12.3 percentage points from the prior year.
Capital Allocation
Millennium Group International Holdings Limited invested $1.5M in capex in fiscal year 2026, funding long-term assets and infrastructure. This represents a decrease of 26.2% from the prior year.
Not reported for fiscal year 2026.
Not reported for fiscal year 2026.
MGIH 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 | FY2620-F | FY2520-F | FY2420-F | FY2320-F | FY2220-F | FY2120-F |
|---|---|---|---|---|---|---|
| Revenue | $20.3M-19.7% | $25.3M-34.2% | $38.5M-15.5% | $45.6M-31.2% | $66.2M+2.6% | $64.6M |
| Cost of Revenue | $18.7M-9.4% | $20.6M-31.7% | $30.2M-17.3% | $36.5M-26.9% | $50.0M+5.8% | $47.2M |
| Gross Profit | $1.6M-65.0% | $4.7M-43.6% | $8.3M-8.4% | $9.1M-44.3% | $16.3M-6.2% | $17.4M |
| SG&A Expenses | $9.0M-15.6% | $10.7M-29.8% | $15.2M+50.1% | $10.1M-5.5% | $10.7M-12.4% | $12.3M |
| Operating Income | -$7.4Mn/m | -$6.0Mn/m | -$6.9Mn/m | -$1.1M-119.6% | $5.5M+8.5% | $5.1M |
| EBITDA | -$6.2Mn/m | -$5.0Mn/m | -$5.5M-991.8% | $620K-91.7% | $7.5M+3.3% | $7.2M |
| Interest Expense | $208K-41.2% | $354K-58.3% | $851K+24.3% | $684K+69.5% | $404K-9.2% | $445K |
| Income Tax | $247K-15.8% | $293K+41.6% | $207Kn/m | -$77K-108.6% | $897K+12.1% | $800K |
| Net Income | -$7.1Mn/m | -$6.3Mn/m | -$8.8Mn/m | -$354K-108.7% | $4.1M+11.2% | $3.7M |
| EPS (Basic) | -$0.63n/m | -$0.56n/m | -$0.78n/m | -$0.03-107.3% | $0.41+10.8% | $0.37 |
| EPS (Diluted) | -$0.63n/m | -$0.56n/m | -$0.78n/m | -$0.03-107.3% | $0.41+10.8% | $0.37 |
| Diluted Shares (Avg) | 11M0.0% | 11M0.0% | 11M+9.2% | 10M+3.0% | 10M0.0% | 10M |
Not reported in any period shown, so not listed: R&D Expenses.
MGIH 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 | FY2620-F | FY2520-F | FY2420-F | FY2320-F | FY2220-F | FY2120-F |
|---|---|---|---|---|---|---|
| Total Assets | $30.4M-16.1% | $36.2M-16.9% | $43.6M-26.1% | $59.0M-10.6% | $66.0M | N/A |
| Current Assets | $14.7M-29.4% | $20.8M-25.1% | $27.8M-37.5% | $44.5M-7.9% | $48.3M | N/A |
| Cash & Equivalents | $5.6M-47.5% | $10.7M-19.9% | $13.3M-51.6% | $27.6M+46.3% | $18.8M-11.4% | $21.3M |
| Short-Term Investments | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0 |
| Inventory | $1.6M+2.8% | $1.5M-58.6% | $3.7M-33.2% | $5.6M-43.4% | $9.8M | N/A |
| Accounts Receivable | $5.2M-26.6% | $7.1M-25.0% | $9.5M-8.2% | $10.3M-42.9% | $18.1M | N/A |
| Long-Term Investments | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0 |
| Total Liabilities | $11.6M+1.9% | $11.3M-10.0% | $12.6M-34.2% | $19.1M-26.2% | $25.9M | N/A |
| Current Liabilities | $10.1M-9.8% | $11.1M-8.1% | $12.1M-36.4% | $19.1M-25.9% | $25.8M | N/A |
| Non-Current Liabilities | $1.5M+698.0% | $187K-59.0% | $457K+1102.7% | $38K-74.1% | $147K | N/A |
| Long-Term Debt | $4.0M-34.5% | $6.1M+9.4% | $5.6M-58.4% | $13.4M-15.2% | $15.8M | N/A |
| Total Equity | $18.8M-24.4% | $24.9M-19.8% | $31.0M-22.2% | $39.9M-0.4% | $40.1M+31.4% | $30.5M |
| Retained Earnings | -$13.9Mn/m | -$6.8Mn/m | -$498K-106.0% | $8.3M-4.3% | $8.6M | N/A |
Not reported in any period shown, so not listed: Goodwill.
MGIH 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 | FY2620-F | FY2520-F | FY2420-F | FY2320-F | FY2220-F | FY2120-F |
|---|---|---|---|---|---|---|
| Operating Cash Flow | -$4.5Mn/m | -$1.7Mn/m | -$4.1M-150.6% | $8.1M+297.6% | $2.0M-61.8% | $5.3M |
| Depreciation & Amortization | $1.1M+16.5% | $980K-29.9% | $1.4M-17.8% | $1.7M-12.1% | $1.9M-9.3% | $2.1M |
| Capital Expenditures | $1.5M-26.2% | $2.0M-14.9% | $2.4M+1174.1% | $187K-63.5% | $511K-36.8% | $808K |
| Free Cash Flow | -$6.0Mn/m | -$3.7Mn/m | -$6.5M-181.8% | $7.9M+418.3% | $1.5M-66.3% | $4.5M |
| Investing Cash Flow | -$1.1Mn/m | -$1.6Mn/m | -$2.2Mn/m | -$217K-110.5% | $2.1Mn/m | -$1.5M |
| Financing Cash Flow | -$8K-101.4% | $560Kn/m | -$7.9M-536.9% | $1.8Mn/m | -$5.6Mn/m | -$7.3M |
| Dividends Paid | N/A | N/A | N/A | N/A | $8.9M | N/A |
Not reported in any period shown, so not listed: Stock-Based Compensation, Share Buybacks.
MGIH 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 | FY2620-F | FY2520-F | FY2420-F | FY2320-F | FY2220-F | FY2120-F |
|---|---|---|---|---|---|---|
| Gross Margin | 8.1%-10.4pp | 18.5%-3.1pp | 21.6%+1.7pp | 19.9%-4.7pp | 24.6%-2.3pp | 26.9% |
| Operating Margin | -36.3%-12.6pp | -23.7%-5.8pp | -18.0%-15.6pp | -2.4%-10.7pp | 8.4%+0.5pp | 7.9% |
| Net Margin | -34.8%-9.9pp | -24.9%-2.2pp | -22.8%-22.0pp | -0.8%-6.9pp | 6.2%+0.5pp | 5.7% |
| Return on Equity | -37.6%-12.3pp | -25.4%+2.9pp | -28.2%-27.4pp | -0.9%-11.1pp | 10.2%-1.9pp | 12.0% |
| Return on Assets | -23.3%-5.9pp | -17.4%+2.7pp | -20.1%-19.5pp | -0.6%-6.8pp | 6.2% | N/A |
| Current Ratio | 1.46-0.4x | 1.87-0.4x | 2.290.0x | 2.33+0.5x | 1.87 | N/A |
| Debt-to-Equity | 0.210.0x | 0.25+0.1x | 0.18-0.2x | 0.34-0.1x | 0.39 | N/A |
| Liabilities-to-Equity | 0.61+0.2x | 0.460.0x | 0.41-0.1x | 0.48-0.2x | 0.65 | N/A |
| Asset Turnover | 0.670.0x | 0.70-0.2x | 0.88+0.1x | 0.77-0.2x | 1.00 | N/A |
| FCF Margin | -29.4%-14.7pp | -14.8%+2.1pp | -16.8%-34.2pp | 17.4%+15.1pp | 2.3%-4.7pp | 7.0% |
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 |
|---|---|---|---|---|---|---|
| Millennium Group International Holdings Limited MGIH | FY2026 | $20.3M | -$7.1M | -34.8% | $15.2M | 43/100 |
| Yunhong Green CTI Ltd. YHGJ | FY2025 | $19.7M | -$2.5M | -12.8% | $7.6M | 44/100 |
| DSS, Inc. DSS | FY2025 | $20.8M | -$23.9M | N/A | $5.1M | 39/100 |
| Ranpak Holdings Corp. PACK | FY2025 | $395.0M | -$38.3M | -9.7% | $324.2M | 33/100 |
| Trimas Corporation TRS | FY2025 | $645.7M | $120.1M | 18.6% | $1.4B | 44/100 |
Where Millennium Group International Holdings Limited Ranks
Frequently Asked Questions
What is Millennium Group International Holdings Limited's annual revenue?
Millennium Group International Holdings Limited (MGIH) reported $20.3M in total revenue for fiscal year 2026. This represents a -19.7% 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 Millennium Group International Holdings Limited's revenue growing?
Millennium Group International Holdings Limited (MGIH) revenue declined by 19.7% year-over-year, from $25.3M to $20.3M in fiscal year 2026.
Is Millennium Group International Holdings Limited profitable?
No, Millennium Group International Holdings Limited (MGIH) reported a net loss of $7.1M in fiscal year 2026, with a net profit margin of -34.8%.
What is Millennium Group International Holdings Limited's EBITDA?
Millennium Group International Holdings Limited (MGIH) had EBITDA of -$6.2M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Millennium Group International Holdings Limited have?
As of fiscal year 2026, Millennium Group International Holdings Limited (MGIH) had $5.6M in cash and equivalents against $4.0M in long-term debt.
What is Millennium Group International Holdings Limited's gross margin?
Millennium Group International Holdings Limited (MGIH) had a gross margin of 8.1% in fiscal year 2026, indicating the percentage of revenue retained after direct costs of goods sold.
What is Millennium Group International Holdings Limited's operating margin?
Millennium Group International Holdings Limited (MGIH) had an operating margin of -36.3% in fiscal year 2026, reflecting the profitability of core business operations before interest and taxes.
What is Millennium Group International Holdings Limited's net profit margin?
Millennium Group International Holdings Limited (MGIH) had a net profit margin of -34.8% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.
What is Millennium Group International Holdings Limited's return on equity (ROE)?
Millennium Group International Holdings Limited (MGIH) has a return on equity of -37.6% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.
What is Millennium Group International Holdings Limited's free cash flow?
Millennium Group International Holdings Limited (MGIH) recorded an outflow of $6.0M in free cash flow during fiscal year 2026. The change from the previous fiscal year is not meaningful, because that year’s figure was zero or negative. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Millennium Group International Holdings Limited's operating cash flow?
Millennium Group International Holdings Limited (MGIH) recorded an outflow of $4.5M in operating cash flow during fiscal year 2026, representing cash used by core business activities.
What are Millennium Group International Holdings Limited's total assets?
Millennium Group International Holdings Limited (MGIH) had $30.4M in total assets as of fiscal year 2026, including both current and long-term assets.
What are Millennium Group International Holdings Limited's capital expenditures?
Millennium Group International Holdings Limited (MGIH) invested $1.5M in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.
What is Millennium Group International Holdings Limited's current ratio?
Millennium Group International Holdings Limited (MGIH) had a current ratio of 1.46 as of fiscal year 2026, which is considered adequate.
What is Millennium Group International Holdings Limited's debt-to-equity ratio?
Millennium Group International Holdings Limited (MGIH) had a debt-to-equity ratio of 0.21 as of fiscal year 2026. We compute it as long-term debt divided by total shareholder equity, where long-term debt is the noncurrent part of the company's borrowings, so debt due within the next twelve months is not counted.
What is Millennium Group International Holdings Limited's liabilities-to-equity ratio?
Millennium Group International Holdings Limited (MGIH) had a liabilities-to-equity ratio of 0.61 as of fiscal year 2026, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity.
What is Millennium Group International Holdings Limited's return on assets (ROA)?
Millennium Group International Holdings Limited (MGIH) had a return on assets of -23.3% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.
What is Millennium Group International Holdings Limited's P/E ratio?
Millennium Group International Holdings Limited (MGIH) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (FY2026). The market capitalization is $15.2M as of Oct 29, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Millennium Group International Holdings Limited's price-to-sales ratio?
Millennium Group International Holdings Limited (MGIH) trades at 0.7x sales, its market capitalization divided by $20.3M revenue, FY2026. The market capitalization is $15.2M as of Oct 29, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
How does Millennium Group International Holdings Limited's liquidity compare with its operating cash outflow?
At the end of fiscal year 2026, Millennium Group International Holdings Limited (MGIH) held $5.6M in cash, cash equivalents and investments, and reported an operating cash outflow of $4.5M over that year. Dividing the one by the other, the reported balance equals about 15 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
What is Millennium Group International Holdings Limited's Altman Z-Score?
Millennium Group International Holdings Limited (MGIH) has an Altman Z-Score of 0.20, placing it in the Distress Zone (elevated 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 Millennium Group International Holdings Limited's Piotroski F-Score?
Millennium Group International Holdings Limited (MGIH) has a Piotroski F-Score of 3 out of 9, indicating weak 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 Millennium Group International Holdings Limited's earnings high quality?
Millennium Group International Holdings Limited (MGIH) reported a net loss of $7.1M while operations used $4.5M 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 Millennium Group International Holdings Limited cover its interest payments?
Millennium Group International Holdings Limited (MGIH) reported an operating loss of $7.4M against $208K 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 Millennium Group International Holdings Limited?
Millennium Group International Holdings Limited (MGIH) scores 43 out of 100 on our Financial Health Score, indicating moderate standing within its emerging companies peer group. The score is the average 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. For Millennium Group International Holdings Limited it averages the 5 of 6 dimensions that can be computed; the others are left out rather than counted as zero. 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.