Mitesco Inc Financials
This page shows Mitesco Inc (MITI) financial statements, including the 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).
Financial Health Signals
Mitesco Inc passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Mitesco Inc generates $0.20 in operating cash flow (-$514K OCF vs -$2.5M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Mitesco Inc earns $-5.9 in operating income for every $1 of interest expense (-$1.2M vs $196K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Mitesco Inc generated $44K in revenue in fiscal year 2024.
Mitesco Inc reported -$2.5M in net income in fiscal year 2024. This represents an increase of 81.2% from the prior year.
Mitesco Inc earned $-0.42 per diluted share (EPS) in fiscal year 2024. This represents an increase of 85.6% from the prior year.
Mitesco Inc held $3K in cash against $0 in long-term debt as of fiscal year 2024.
Mitesco Inc had 9M shares outstanding in fiscal year 2024. This represents an increase of 68.5% from the prior year.
Mitesco Inc's operating margin was -2662.6% in fiscal year 2024, reflecting core business profitability.
Mitesco Inc's net profit margin was -5748.2% in fiscal year 2024, showing the share of revenue converted to profit.
MITI Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3K-84.0% | $19K+10.0% | $17K-29.3% | $24K+2.3% | $24K+291.7% | $6K | $0 | N/A |
| Cost of Revenue | $82K0.0% | $82K+69.3% | $49K+28.4% | $38K+61.5% | $23K+407.8% | $5K-62.6% | $12K | N/A |
| Gross Profit | -$79K-24.6% | -$64K-101.1% | -$32K-128.4% | -$14K-131.2% | $44K-19.2% | $55K+544.8% | -$12K | N/A |
| R&D Expenses | $1K-94.8% | $21K-94.2% | $365K+320.6% | -$165K | $0 | $0-100.0% | $330K | N/A |
| SG&A Expenses | $993K+188.3% | $345K+23.6% | $279K-72.8% | $1.0M+344.4% | $231K-33.2% | $346K+155.3% | $135K | N/A |
| Operating Income | -$1.0M-187.5% | -$352K-31.7% | -$267K | N/A | -$216K+36.4% | -$340K-150.9% | -$135K | N/A |
| Interest Expense | $84K0.0% | $84K-11.0% | $94K+2.6% | $92K-88.9% | $832K+406.0% | $165K+304.9% | $41K | N/A |
| Income Tax | N/A | N/A | $0 | N/A | $0 | $0 | $0 | N/A |
| Net Income | -$3.2M-3565.4% | -$87K-102.5% | $3.5M+456.9% | -$967K-146.5% | $2.1M+603.6% | -$412K-986.5% | $47K | N/A |
| EPS (Diluted) | $-0.27-2600.0% | $-0.01+87.5% | $-0.08 | N/A | $0.29+293.3% | $-0.15-36.4% | $-0.11 | N/A |
MITI Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $166K-2.9% | $171K-10.0% | $190K-0.1% | $190K+209.6% | $61K+32.7% | $46K-17.2% | $56K+1865.6% | $3K |
| Current Assets | $40K+5.2% | $38K-19.4% | $48K+24.8% | $38K-37.9% | $61K+32.7% | $46K-17.2% | $56K+1865.6% | $3K |
| Cash & Equivalents | $321-88.2% | $3K+1341.3% | $189-94.4% | $3K-89.3% | $32K-20.8% | $40K-1.4% | $41K+1337.1% | $3K |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $36K+9.0% | $33K-23.8% | $44K+47.1% | $30K+772.2% | $3K-87.2% | $27K-0.1% | $27K | $0 |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $24.0M+7.7% | $22.2M-0.4% | $22.3M-16.0% | $26.6M+120.6% | $12.1M-20.6% | $15.2M+3.1% | $14.7M+4.2% | $14.1M |
| Current Liabilities | $17.6M+10.6% | $15.9M+5.9% | $15.0M-18.6% | $18.4M+52.9% | $12.1M-20.6% | $15.2M+3.1% | $14.7M+4.2% | $14.1M |
| Long-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Equity | -$23.8M-7.8% | -$22.1M+0.4% | -$22.2M+16.1% | -$26.4M-120.1% | -$12.0M+20.7% | -$15.1M-3.2% | -$14.7M-3.8% | -$14.1M |
| Retained Earnings | -$63.7M-5.3% | -$60.5M-0.1% | -$60.4M+5.4% | -$63.9M-5.8% | -$60.3M+3.3% | -$62.4M-0.7% | -$62.0M+0.1% | -$62.0M |
MITI Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$121K-33.4% | -$91K+6.9% | -$97K+15.0% | -$115K+24.4% | -$152K-61.5% | -$94K+39.1% | -$154K-278.9% | $86K |
| Capital Expenditures | N/A | N/A | N/A | $5K-9.3% | $6K-62.7% | $16K+224.0% | $5K | N/A |
| Free Cash Flow | N/A | N/A | N/A | -$555K+20.8% | -$701K+0.8% | -$707K-297.3% | -$178K | N/A |
| Investing Cash Flow | -$163K+15.2% | -$192K-40.9% | -$136K-2629.2% | -$5K+96.0% | -$125K+27.3% | -$172K-53.9% | -$112K-8.8% | -$103K |
| Financing Cash Flow | $119K+27.2% | $93K-1.1% | $94K+3.3% | $91K-36.3% | $143K+53.5% | $93K-51.5% | $192K+2960.8% | -$7K |
| Dividends Paid | N/A | N/A | 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 | N/A | N/A |
MITI Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | -2646.6%-2306.0pp | -340.6%-154.3pp | -186.3%-128.6pp | -57.7%-123.1pp | 65.4%-26.8pp | 92.3% | N/A | N/A |
| Operating Margin | -33714.1%-31833.0pp | -1881.0%-310.5pp | -1570.5% | N/A | -920.2%+4744.4pp | -5664.6% | N/A | N/A |
| Net Margin | -106765.7%-106298.4pp | -467.3%-20763.4pp | 20296.1%+24318.1pp | -4022.0%-12860.4pp | 8838.4%+15712.5pp | -6874.1%-3764.1pp | -3110.0% | N/A |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -1933.1%-1881.9pp | -51.2%-1871.1pp | 1819.9%+1878.5pp | -58.6%-3445.7pp | 3387.1%+4279.9pp | -892.8%-976.2pp | 83.4% | N/A |
| Current Ratio | 0.000.0 | 0.000.0 | 0.000.0 | 0.000.0 | 0.010.0 | 0.000.0 | 0.000.0 | 0.00 |
| Debt-to-Equity | 0.000.0 | 0.000.0 | 0.000.0 | 0.000.0 | 0.000.0 | 0.000.0 | 0.000.0 | 0.00 |
| FCF Margin | N/A | N/A | N/A | -2309.9%-1277.6pp | -1032.3%+152.9pp | -1185.2%-470.0pp | -715.3% | N/A |
Note: Shareholder equity is negative (-$26.4M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
Note: The current ratio is below 1.0 (0.00), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is Mitesco Inc's annual revenue?
Mitesco Inc (MITI) reported $44K in total revenue for fiscal year 2024. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
Is Mitesco Inc profitable?
No, Mitesco Inc (MITI) reported a net income of -$2.5M in fiscal year 2024, with a net profit margin of -5748.2%.
What is Mitesco Inc's earnings per share (EPS)?
Mitesco Inc (MITI) reported diluted earnings per share of $-0.42 for fiscal year 2024. This represents a 85.6% 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.
How much debt does Mitesco Inc have?
As of fiscal year 2024, Mitesco Inc (MITI) had $3K in cash and equivalents against $0 in long-term debt.
What is Mitesco Inc's operating margin?
Mitesco Inc (MITI) had an operating margin of -2662.6% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Mitesco Inc's net profit margin?
Mitesco Inc (MITI) had a net profit margin of -5748.2% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Mitesco Inc's operating cash flow?
Mitesco Inc (MITI) generated -$514K in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Mitesco Inc's total assets?
Mitesco Inc (MITI) had $190K in total assets as of fiscal year 2024, including both current and long-term assets.
How many shares does Mitesco Inc have outstanding?
Mitesco Inc (MITI) had 9M shares outstanding as of fiscal year 2024.
What is Mitesco Inc's current ratio?
Mitesco Inc (MITI) had a current ratio of 0.00 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.
What is Mitesco Inc's debt-to-equity ratio?
Mitesco Inc (MITI) had a debt-to-equity ratio of 0.00 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Mitesco Inc's return on assets (ROA)?
Mitesco Inc (MITI) had a return on assets of -1323.2% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Mitesco Inc's cash runway?
Based on fiscal year 2024 data, Mitesco Inc (MITI) had $3K in cash against an annual operating cash burn of $514K. 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.
Why is Mitesco Inc's debt-to-equity ratio negative or unusual?
Mitesco Inc (MITI) has negative shareholder equity of -$26.4M as of fiscal year 2024, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is Mitesco Inc's Piotroski F-Score?
Mitesco Inc (MITI) has a Piotroski F-Score of 4 out of 9, indicating neutral 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Mitesco Inc's earnings high quality?
Mitesco Inc (MITI) has an earnings quality ratio of 0.20x, 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.
Can Mitesco Inc cover its interest payments?
Mitesco Inc (MITI) has an interest coverage ratio of -5.9x, 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.