Marblegate Cap WTS (MGTEW) Financials
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 13, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the MGTEW SEC filings page.
Marblegate Cap Corp WTS (MGTEW) 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).
Revenue more than doubled, but overhead and a large tax charge turned a cash-generating business into a much weaker, asset-heavy operation.
The gap between a net loss of$44.9M and operating cash flow of$1.2M indicates that the reported loss was not equivalent to cash leaving the business. A$54.1M tax expense against operating income of only$809K explains much of that accounting-to-cash disconnect.
Revenue increased
Liabilities rose
Financial Health Signals
We do not publish a peer-relative financial health score for Marblegate Cap Corp WTS, because the score only covers companies whose filings and listing give us what it needs to compare them with their peers. The signals and metrics below are current.
Marblegate Cap Corp WTS 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), the one computable operating efficiency signal (asset turnover improving) passes.
Marblegate Cap Corp WTS 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 Cap Corp WTS 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 Cap Corp WTS generated $16.7M in revenue in Q2 2026. This represents a decrease of 6.1% from the same quarter a year earlier. Against the prior quarter it is up 18.1%.
Marblegate Cap Corp WTS's EBITDA was -$2.0M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 147.0% from the same quarter a year earlier. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Marblegate Cap Corp WTS reported a net loss of $4.3M in Q2 2026. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Marblegate Cap Corp WTS earned -$0.06 per diluted share (EPS) in Q2 2026. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Cash & Balance Sheet
Marblegate Cap Corp WTS recorded an outflow of $5.2M in free cash flow in Q2 2026, representing a cash shortfall after capex. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Marblegate Cap Corp WTS held $7.3M in cash against $44.0M in long-term debt as of Q2 2026.
Not reported for Q2 2026.
Margins & Returns
Marblegate Cap Corp WTS's operating margin was -25.8% in Q2 2026, reflecting core business profitability. This is down 45.8 percentage points from the same quarter a year earlier. Against the prior quarter it is down 1.1 percentage points.
Marblegate Cap Corp WTS's net profit margin was -25.6% in Q2 2026, showing the share of revenue converted to profit. Against the prior quarter it is down 17.4 percentage points. No change is given against Q2 2025: its reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Marblegate Cap Corp WTS's quarterly ROE was -0.9% in Q2 2026: one quarter's net income over shareholder equity, not annualized. This is up 9.0 percentage points from the same quarter a year earlier. Against the prior quarter it is down 0.6 percentage points.
Not reported for Q2 2026.
Capital Allocation
Marblegate Cap Corp WTS invested $42K in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 110.0% from the same quarter a year earlier. Against the prior quarter it is down 31.1%.
Not reported for Q2 2026.
Not reported for Q2 2026.
MGTEW 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 | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $16.7M-6.1% | $14.1M+207.7% | $14.2M | $12.0M+119.9% | $17.8M+245.7% | $4.6M | N/A | $5.4M |
| SG&A Expenses | $2.9M-8.2% | $2.8M+2316.2% | $8.6M | $5.6M+3872.5% | $3.1M+3078.8% | $117Kn/m | N/A | $142K |
| Operating Income | -$4.3M-220.9% | -$3.5Mn/m | -$616K | -$1.2M-167.2% | $3.6M+196.3% | -$890Kn/m | N/A | $1.8M |
| EBITDA | -$2.0M-147.0% | -$1.9Mn/m | $627K | -$463K-120.0% | $4.3M+160.3% | -$351K | N/A | $2.3M |
| Interest Expense | $925Kn/m | $819Kn/m | N/A | N/A | $0 | $0 | N/A | N/A |
| Income Tax | -$559K-101.1% | -$2.9Mn/m | $3.2M | $1.7Mn/m | $49.3Mn/m | $0 | N/A | $0 |
| Net Income | -$4.3Mn/m | -$1.2Mn/m | $8.5M | -$1.7M-119.2% | -$48.0M-1988.0% | -$3.7Mn/m | N/A | $9.0M |
| EPS (Basic) | -$0.06n/m | -$0.02n/m | $0.12n/m | -$0.02-114.3% | -$0.65-1725.0% | -$0.06n/m | -$0.06 | $0.14 |
| EPS (Diluted) | -$0.06n/m | -$0.02n/m | $0.12n/m | -$0.02-114.3% | -$0.65-1725.0% | -$0.06n/m | -$0.06 | $0.14 |
| Diluted Shares (Avg) | 74M+1.2% | 74M+17.4% | N/A | 74M+17.4% | 73M+16.1% | 63Mn/m | N/A | 63M |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses.
MGTEW 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 | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $704.9M+6.8% | $706.5Mn/m | $713.0M+5.9% | $663.5M | $660.1M | $0 | $673.0M | N/A |
| Current Assets | $21.7M-6.9% | $21.7M | $37.2M+1.6% | $21.6M | $23.3M | N/A | $36.6M | N/A |
| Cash & Equivalents | $7.3M-44.9% | $5.5M-84.3% | $25.3M-28.0% | $10.6M-73.3% | $13.3M-55.8% | $35.2Mn/m | $35.2M | $39.6M |
| Short-Term Investments | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0 | $0 |
| Long-Term Investments | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0 | $0 |
| Total Liabilities | $116.7M+72.6% | $112.8M+73549.8% | $116.8M+700.3% | $72.4M | $67.6M | $153K | $14.6M | N/A |
| Current Liabilities | $15.7M+23.4% | $18.9M | $19.0M+93.0% | $15.6M | $12.7M | N/A | $9.9M | N/A |
| Non-Current Liabilities | $101.1M+84.0% | $93.9M | $97.7M+1964.6% | $56.8M | $54.9M | N/A | $4.7M | N/A |
| Long-Term Debt | $44.0M | $35.8M | $37.2Mn/m | N/A | N/A | N/A | $0 | N/A |
| Total Equity | $486.5M+0.3% | $490.7Mn/m | $491.9M-25.3% | $483.4M | $485.2M | -$153Kn/m | $658.4M | N/A |
| Retained Earnings | $198.7M+0.7% | $202.9Mn/m | $204.1M-18.0% | $195.6M | $197.4M | -$153K | $249.1M | N/A |
Not reported in any period shown, so not listed: Inventory, Accounts Receivable, Goodwill.
MGTEW 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 | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$5.2Mn/m | -$6.8M-481.5% | $2.3M+479.0% | $1.7M-50.6% | -$4.7M-173.2% | $1.8Mn/m | $400K | $3.5M |
| Depreciation & Amortization | $2.3M+194.0% | $1.6M+194.1% | $1.2M+150.6% | $778K+68.0% | $771K+66.9% | $539K | $496K | $463K |
| Capital Expenditures | $42K+110.0% | $61Kn/m | N/A | $20.7M+6081.8% | $20K | $0 | N/A | $335K |
| Free Cash Flow | -$5.2Mn/m | -$6.9M-484.9% | N/A | -$19.0M-700.1% | -$4.7M | $1.8M | N/A | $3.2M |
| Investing Cash Flow | -$1.3Mn/m | -$9.6Mn/m | -$24.3M-995.3% | -$4.4M-172.7% | -$5.6M | -$1.8M | $2.7M | $6.0M |
| Financing Cash Flow | $8.0Mn/m | -$2.4Mn/m | $37.3Mn/m | -$26Kn/m | -$11.7M | $0 | -$7.5M | $0 |
Not reported in any period shown, so not listed: Stock-Based Compensation, Dividends Paid, Share Buybacks.
MGTEW 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 | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Margin | -25.8%-45.8pp | -24.6%-5.2pp | -4.3% | -10.4%-44.3pp | 20.0%-3.3pp | -19.4% | N/A | 34.0% |
| Net Margin | -25.6% | -8.2%+72.1pp | 59.5% | -14.5% | -270.3% | -80.3% | N/A | 165.8% |
| Return on Equity | -0.9%+9.0pp | -0.2% | 1.7% | -0.4% | -9.9% | N/A | N/A | N/A |
| Return on Assets | -0.6%+6.7pp | -0.2% | 1.2% | -0.3% | -7.3% | N/A | N/A | N/A |
| Current Ratio | 1.38-0.5x | 1.15 | 1.96-1.8x | 1.38 | 1.83 | N/A | 3.72 | N/A |
| Debt-to-Equity | 0.09 | 0.07 | 0.08+0.1x | N/A | N/A | N/A | 0.00 | N/A |
| Liabilities-to-Equity | 0.24+0.1x | 0.23 | 0.24+0.2x | 0.15 | 0.14 | N/A | 0.02 | N/A |
| Asset Turnover | 0.020.0x | 0.02 | 0.02 | 0.02 | 0.03 | N/A | N/A | N/A |
| FCF Margin | -31.4%-5.1pp | -48.7%-87.6pp | N/A | -158.7% | -26.4% | 38.9% | N/A | 58.1% |
Not reported in any period shown, so not listed: Gross Margin.
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: Net Margin, FCF Margin.
Where Marblegate Cap Corp WTS Ranks
Frequently Asked Questions
Marblegate Cap Corp WTS (MGTEW) 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.
Marblegate Cap Corp WTS (MGTEW) revenue grew by 131.1% year-over-year, from $21.0M to $48.5M in fiscal year 2025.
No, Marblegate Cap Corp WTS (MGTEW) reported a net loss of $44.9M in fiscal year 2025, with a net profit margin of -92.6%.
Marblegate Cap Corp WTS (MGTEW) had EBITDA of $4.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
As of fiscal year 2025, Marblegate Cap Corp WTS (MGTEW) had $25.3M in cash and equivalents against $37.2M in long-term debt.
Marblegate Cap Corp WTS (MGTEW) had an operating margin of 1.7% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
Marblegate Cap Corp WTS (MGTEW) had a net profit margin of -92.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Marblegate Cap Corp WTS (MGTEW) has a return on equity of -9.1% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
Marblegate Cap Corp WTS (MGTEW) 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.
Marblegate Cap Corp WTS (MGTEW) generated $1.2M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
Marblegate Cap Corp WTS (MGTEW) had $713.0M in total assets as of fiscal year 2025, including both current and long-term assets.
Marblegate Cap Corp WTS (MGTEW) invested $247K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
Marblegate Cap Corp WTS (MGTEW) had a current ratio of 1.96 as of fiscal year 2025, which is generally considered healthy.
Marblegate Cap Corp WTS (MGTEW) had a debt-to-equity ratio of 0.08 as of fiscal year 2025. 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.
Marblegate Cap Corp WTS (MGTEW) had a liabilities-to-equity ratio of 0.24 as of fiscal year 2025, 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.
Marblegate Cap Corp WTS (MGTEW) had a return on assets of -6.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
Marblegate Cap Corp WTS (MGTEW) 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.
Marblegate Cap Corp WTS (MGTEW) 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.
Marblegate Cap Corp WTS (MGTEW) 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.