Marblegate Capital Corporation Financials
Marblegate Capital Corporation (MGTE) reported $48.5M in revenue for fiscal year 2025, up 131.1% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 2 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).
Marblegate’s recent results look less like a sales engine and more like a capital-heavy balance-sheet business needing outside funding.
Although revenue expanded in the latest year, cash conversion weakened sharply: operating cash flow fell from$10.3M to$1.2M , so a larger top line did not create more self-funding capacity. The headline loss overstates the operating deterioration because net income was dominated by a$54.1M tax expense while operating income still remained positive at$809K .
This is a balance-sheet intensive model rather than a typical sales-led one: the company supported
The latest year also shows a less conservative funding posture: cash declined, the current ratio eased to 2.0x from 3.7x, and long-term debt appeared where there had been none. At the same time, cash earnings and accounting earnings diverged, with free cash flow still positive at
Financial Health Signals
We are recalculating Marblegate Capital Corporation's peer-relative financial health score against the latest fiscal year. It will appear here once the refresh completes. The signals and metrics below are current.
Marblegate Capital Corporation scores 0.87, below the 1.81 distress threshold. 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.
Marblegate Capital Corporation passes 3 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
Marblegate Capital Corporation reported a net loss of $44.9M while generating $1.2M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.
Marblegate Capital Corporation earns $80.90 in operating income for every $1 of interest expense ($809K vs $10K). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Earnings & Revenue
Marblegate Capital Corporation generated $48.5M in revenue in fiscal year 2025. This represents an increase of 131.1% from the prior year.
Marblegate Capital Corporation's EBITDA was $4.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 48.0% from the prior year.
Marblegate Capital Corporation reported -$44.9M in net income in fiscal year 2025. This represents a decrease of 580.5% from the prior year.
Marblegate Capital Corporation earned -$0.63 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 520.0% from the prior year.
Cash & Balance Sheet
Marblegate Capital Corporation generated $922K in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 91.0% from the prior year.
Marblegate Capital Corporation held $25.3M in cash against $37.2M in long-term debt as of fiscal year 2025.
Not reported for fiscal year 2025.
Margins & Returns
Marblegate Capital Corporation's operating margin was 1.7% in fiscal year 2025, reflecting core business profitability. This is down 27.3 percentage points from the prior year.
Marblegate Capital Corporation's net profit margin was -92.6% in fiscal year 2025, showing the share of revenue converted to profit. This is down 137.2 percentage points from the prior year.
Marblegate Capital Corporation's ROE was -9.1% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 10.6 percentage points from the prior year.
Not reported for fiscal year 2025.
Capital Allocation
Marblegate Capital Corporation invested $247K in capex in fiscal year 2025, funding long-term assets and infrastructure.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
MGTE Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 |
|---|---|---|---|
| Revenue | $58.1M | $48.5M+131.1% | $21.0M |
| SG&A Expenses | $20.3M | $17.5M+3381.5% | $504K |
| Operating Income | -$1.8M | $809K-86.7% | $6.1M |
| Interest Expense | N/A | $10K | $0 |
| Income Tax | $51.2M | $54.1M | $0 |
| Net Income | -$42.4M | -$44.9M-580.5% | $9.4M |
| EPS (Diluted) | — | -$0.63-520.0% | $0.15 |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses.
TTM is the trailing twelve months, Q2 FY2025 through Q1 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
MGTE Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 |
|---|---|---|
| Total Assets | $713.0M+5.9% | $673.0M |
| Current Assets | $37.2M+1.6% | $36.6M |
| Cash & Equivalents | $25.3M-28.0% | $35.2M |
| Total Liabilities | $116.8M+700.3% | $14.6M |
| Current Liabilities | $19.0M+93.0% | $9.9M |
| Long-Term Debt | $37.2M | $0 |
| Total Equity | $491.9M-25.3% | $658.4M |
| Retained Earnings | $204.1M-18.0% | $249.1M |
Not reported in any period shown, so not listed: Inventory, Accounts Receivable, Goodwill.
MGTE Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 |
|---|---|---|---|
| Operating Cash Flow | -$7.4M | $1.2M-88.6% | $10.3M |
| Capital Expenditures | $308K | $247K | $0 |
| Free Cash Flow | -$48.7M | $922K-91.0% | $10.3M |
| Investing Cash Flow | -$43.9M | -$36.1M-423.0% | $11.2M |
| Financing Cash Flow | $23.2M | $25.6M+213.8% | -$22.5M |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
TTM is the trailing twelve months, Q2 FY2025 through Q1 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
MGTE Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 |
|---|---|---|
| Operating Margin | 1.7%-27.3pp | 29.0% |
| Net Margin | -92.6%-137.2pp | 44.5% |
| Return on Equity | -9.1%-10.6pp | 1.4% |
| Return on Assets | -6.3%-7.7pp | 1.4% |
| Current Ratio | 1.96-1.8x | 3.72 |
| Debt-to-Equity | 0.08+0.1x | 0.00 |
| FCF Margin | 1.9%-47.0pp | 48.9% |
Not reported in any period shown, so not listed: Gross Margin.
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Where Marblegate Capital Corporation Ranks
Frequently Asked Questions
What is Marblegate Capital Corporation's annual revenue?
Marblegate Capital Corporation (MGTE) reported $48.5M in total revenue for fiscal year 2025. This represents a 131.1% 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 Marblegate Capital Corporation's revenue growing?
Marblegate Capital Corporation (MGTE) revenue grew by 131.1% year-over-year, from $21.0M to $48.5M in fiscal year 2025.
Is Marblegate Capital Corporation profitable?
No, Marblegate Capital Corporation (MGTE) reported a net income of -$44.9M in fiscal year 2025, with a net profit margin of -92.6%.
What is Marblegate Capital Corporation's EBITDA?
Marblegate Capital Corporation (MGTE) had EBITDA of $4.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Marblegate Capital Corporation have?
As of fiscal year 2025, Marblegate Capital Corporation (MGTE) had $25.3M in cash and equivalents against $37.2M in long-term debt.
What is Marblegate Capital Corporation's operating margin?
Marblegate Capital Corporation (MGTE) had an operating margin of 1.7% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Marblegate Capital Corporation's net profit margin?
Marblegate Capital Corporation (MGTE) had a net profit margin of -92.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Marblegate Capital Corporation's return on equity (ROE)?
Marblegate Capital Corporation (MGTE) has a return on equity of -9.1% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Marblegate Capital Corporation's free cash flow?
Marblegate Capital Corporation (MGTE) generated $922K in free cash flow during fiscal year 2025. This represents a -91.0% change compared to the previous fiscal year. 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 Marblegate Capital Corporation's operating cash flow?
Marblegate Capital Corporation (MGTE) generated $1.2M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Marblegate Capital Corporation's total assets?
Marblegate Capital Corporation (MGTE) had $713.0M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Marblegate Capital Corporation's capital expenditures?
Marblegate Capital Corporation (MGTE) invested $247K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Marblegate Capital Corporation's current ratio?
Marblegate Capital Corporation (MGTE) had a current ratio of 1.96 as of fiscal year 2025, which is generally considered healthy.
What is Marblegate Capital Corporation's debt-to-equity ratio?
Marblegate Capital Corporation (MGTE) had a debt-to-equity ratio of 0.08 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Marblegate Capital Corporation's return on assets (ROA)?
Marblegate Capital Corporation (MGTE) had a return on assets of -6.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Marblegate Capital Corporation's Altman Z-Score?
Marblegate Capital Corporation (MGTE) has an Altman Z-Score of 0.87, 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 Marblegate Capital Corporation's Piotroski F-Score?
Marblegate Capital Corporation (MGTE) has a Piotroski F-Score of 3 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 Marblegate Capital Corporation's earnings high quality?
Marblegate Capital Corporation (MGTE) reported a net loss of $44.9M while generating $1.2M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, 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 Marblegate Capital Corporation cover its interest payments?
Marblegate Capital Corporation (MGTE) has an interest coverage ratio of 80.90x, meaning it can comfortably 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.