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NFT LIMITED Financials

MI
Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows NFT LIMITED (MI) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 5 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 MI FY2024

Cash-heavy balance sheet dominates while core operations stay subscale, leaving reported profit detached from operating cash generation and scale.

Across FY2022-FY2024, revenue fell from $3.4M to $741K and operating income stayed negative, yet net income was positive in FY2023 and FY2024 while operating cash flow was negative in both years. That combination implies the recent profit line is being shaped more by non-operating or non-cash items than by the underlying operating business.

The company now looks more like a liquid balance sheet than a scaled operating business: cash reached $82.3M against just $741K of FY2024 revenue, and almost all assets were liquid. With a current ratio of 15.1x and debt-to-equity of 0.07x, short-term obligations are small relative to available resources.

Cash expansion came mainly from financing inflows, with financing cash flow adding $61.6M in FY2022 and $21.9M in FY2024. Meanwhile, operating cash flow was negative in both FY2023 and FY2024, including -$1.3M in the latest year, so liquidity improved even while the operating engine kept consuming cash.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Profitability Growth Leverage Liquidity Cash Flow Returns 36 / 100
Financial Profile 36/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of NFT 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.

Profitability
0

NFT LIMITED has an operating margin of -148.1%, meaning the company retains $-148 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from -122.4% the prior year.

Growth
0

NFT LIMITED's revenue declined 2% year-over-year, from $741K to $726K. This contraction results in a growth score of 0/100.

Leverage
100

NFT LIMITED 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 100/100, indicating a strong balance sheet with room for future borrowing.

Liquidity
100

With a current ratio of 17.13, NFT LIMITED holds $17.13 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.

Returns
19

NFT LIMITED generates a -1.4% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 19/100. This is down from 7.8% the prior year.

Piotroski F-Score Weak
1/9

NFT LIMITED passes 1 of 9 financial strength tests. No profitability signals pass, 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Low Quality
72.89x

For every $1 of reported earnings, NFT LIMITED generates $72.89 in operating cash flow (-$99.3M OCF vs -$1.4M 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
-4.0x

NFT LIMITED earns $-4.0 in operating income for every $1 of interest expense (-$1.1M vs $269K). 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
$726K
YoY-2.0%

NFT LIMITED generated $726K in revenue in fiscal year 2025. This represents a decrease of 2.0% from the prior year.

EBITDA
N/A
Net Income
-$1.4M
YoY-121.6%

NFT LIMITED reported -$1.4M in net income in fiscal year 2025. This represents a decrease of 121.6% from the prior year.

EPS (Diluted)
$-0.16
YoY-110.5%

NFT LIMITED earned $-0.16 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 110.5% from the prior year.

Cash & Balance Sheet

Free Cash Flow
N/A
Cash & Debt
$2.8M
YoY-96.6%

NFT LIMITED held $2.8M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share
N/A
Shares Outstanding
14M
YoY+182.7%

NFT LIMITED had 14M shares outstanding in fiscal year 2025. This represents an increase of 182.7% from the prior year.

Margins & Returns

Gross Margin
73.5%
YoY-0.5pp

NFT LIMITED's gross margin was 73.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 0.5 percentage points from the prior year.

Operating Margin
-148.1%
YoY-25.7pp

NFT LIMITED's operating margin was -148.1% in fiscal year 2025, reflecting core business profitability. This is down 25.7 percentage points from the prior year.

Net Margin
-187.7%
YoY-1037.8pp

NFT LIMITED's net profit margin was -187.7% in fiscal year 2025, showing the share of revenue converted to profit. This is down 1037.8 percentage points from the prior year.

Return on Equity
-1.4%
YoY-9.2pp

NFT LIMITED's ROE was -1.4% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 9.2 percentage points from the prior year.

Capital Allocation

R&D Spending
N/A
Share Buybacks
N/A
Capital Expenditures
N/A

MI Income Statement

Metric Q4'25 Q2'25 Q4'24 Q2'24 Q4'23 Q4'22
Revenue N/A N/A N/A N/A N/A N/A
Cost of Revenue N/A N/A N/A N/A N/A N/A
Gross Profit N/A N/A N/A N/A N/A N/A
R&D Expenses N/A N/A N/A N/A N/A N/A
SG&A Expenses N/A N/A N/A N/A N/A N/A
Operating Income N/A N/A N/A N/A N/A N/A
Interest Expense N/A N/A N/A N/A N/A N/A
Income Tax N/A N/A N/A N/A N/A N/A
Net Income N/A N/A N/A N/A N/A N/A
EPS (Diluted) N/A N/A N/A N/A N/A N/A

MI Balance Sheet

Metric Q4'25 Q2'25 Q4'24 Q2'24 Q4'23 Q4'22
Total Assets $105.9M-0.1% $105.9M+22.3% $86.6M-0.2% $86.8M+17.8% $73.7M+8.8% $67.8M
Current Assets $105.9M-0.1% $105.9M+22.3% $86.6M-0.2% $86.8M+17.8% $73.7M+8.9% $67.7M
Cash & Equivalents $2.8M-95.5% $62.5M-24.1% $82.3M+0.8% $81.6M+32.2% $61.8M-3.0% $63.7M
Inventory N/A N/A N/A N/A N/A N/A
Accounts Receivable N/A N/A N/A N/A N/A N/A
Goodwill N/A N/A N/A N/A N/A N/A
Total Liabilities $6.2M-76.1% $25.9M+351.6% $5.7M-52.4% $12.0M-6.6% $12.9M-16.0% $15.3M
Current Liabilities $6.2M+5.6% $5.9M+2.2% $5.7M-52.4% $12.0M-6.6% $12.9M-16.0% $15.3M
Long-Term Debt N/A N/A N/A N/A N/A N/A
Total Equity $99.7M+24.5% $80.1M-1.0% $80.9M+8.2% $74.8M+23.0% $60.8M+16.0% $52.4M
Retained Earnings -$30.0M-1.9% -$29.5M-2.8% -$28.7M0.0% -$28.7M+18.0% -$35.0M+12.2% -$39.8M

MI Cash Flow Statement

Metric Q4'25 Q2'25 Q4'24 Q2'24 Q4'23 Q4'22
Operating Cash Flow N/A N/A N/A N/A N/A N/A
Capital Expenditures N/A N/A N/A N/A N/A N/A
Free Cash Flow N/A N/A N/A N/A N/A N/A
Investing Cash Flow N/A N/A N/A N/A N/A N/A
Financing Cash Flow N/A N/A N/A N/A N/A N/A
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

MI Financial Ratios

Metric Q4'25 Q2'25 Q4'24 Q2'24 Q4'23 Q4'22
Gross Margin N/A N/A N/A N/A N/A N/A
Operating Margin N/A N/A N/A N/A N/A N/A
Net Margin N/A N/A N/A N/A N/A N/A
Return on Equity N/A N/A N/A N/A N/A N/A
Return on Assets N/A N/A N/A N/A N/A N/A
Current Ratio 17.13-1.0 18.11+3.0 15.13+7.9 7.21+1.5 5.72+1.3 4.41
Debt-to-Equity 0.06-0.3 0.32+0.3 0.07-0.1 0.16-0.1 0.21-0.1 0.29
FCF Margin N/A N/A N/A N/A N/A N/A

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Frequently Asked Questions

NFT LIMITED (MI) reported $726K in total revenue for fiscal year 2025. This represents a -2.0% 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.

NFT LIMITED (MI) revenue declined by 2% year-over-year, from $741K to $726K in fiscal year 2025.

No, NFT LIMITED (MI) reported a net income of -$1.4M in fiscal year 2025, with a net profit margin of -187.7%.

NFT LIMITED (MI) reported diluted earnings per share of $-0.16 for fiscal year 2025. This represents a -110.5% 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.

NFT LIMITED (MI) had a gross margin of 73.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

NFT LIMITED (MI) had an operating margin of -148.1% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

NFT LIMITED (MI) had a net profit margin of -187.7% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

NFT LIMITED (MI) has a return on equity of -1.4% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

NFT LIMITED (MI) generated -$99.3M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

NFT LIMITED (MI) had $105.9M in total assets as of fiscal year 2025, including both current and long-term assets.

NFT LIMITED (MI) had 14M shares outstanding as of fiscal year 2025.

NFT LIMITED (MI) had a current ratio of 17.13 as of fiscal year 2025, which is generally considered healthy.

NFT LIMITED (MI) 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.

NFT LIMITED (MI) had a return on assets of -1.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Based on fiscal year 2025 data, NFT LIMITED (MI) had $2.8M in cash against an annual operating cash burn of $99.3M. This gives an estimated cash runway of approximately 0 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.

NFT LIMITED (MI) has a Piotroski F-Score of 1 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.

NFT LIMITED (MI) has an earnings quality ratio of 72.89x, 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.

NFT LIMITED (MI) has an interest coverage ratio of -4.0x, 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.

NFT LIMITED (MI) scores 36 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.

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