MKDWELL Tech (MKDW) 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 27, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 20-F for FY2025, filed Apr 30, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the MKDW SEC filings page.
MKDWELL Tech Inc. (MKDW) reported $3.0M in revenue for fiscal year 2025, up 51.6% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 4 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 recovered in FY2025, but costs still consumed nearly all sales while financing reshaped the balance sheet.
Revenue recovered51.6% in FY2025, but gross margin still slipped to6.2% , so the rebound did not restore the business's economics. Financing cash flow of$10.7M nearly matched investing cash flow of-$10.4M while free cash flow remained negative, indicating expansion was funded externally rather than by operations.
Liabilities were
Gross margin compressed from
Financial Health Signals
Scored against emerging companies for FY2025. 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. 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 MKDWELL Tech Inc.'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.
MKDWELL Tech Inc. held $24K in cash, cash equivalents and investments at the end of fiscal year 2025, and its operations used $1.2M of cash that year. Cash Runway ranks emerging companies on the size of that balance against the outflow behind it, and MKDWELL Tech Inc. scores 2/100 among other emerging companies.
MKDWELL Tech Inc. had 141M shares outstanding at the end of 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 MKDWELL Tech Inc. scores 6/100 among other emerging companies.
MKDWELL Tech Inc. spent $999K on research and development in fiscal year 2025, which was 17.5% of its operating costs that year. R&D Intensity ranks emerging companies on the share of operating costs that goes into research, and MKDWELL Tech Inc. scores 48/100 among other emerging companies.
MKDWELL Tech Inc. reported revenue of $3.0M in fiscal year 2025, against $2.0M in fiscal year 2024. Revenue Progress ranks emerging companies on the three-year path of that line, and MKDWELL Tech Inc. scores 33/100 among other emerging companies.
MKDWELL Tech Inc.'s operations used $1.2M of cash in fiscal year 2025, against $3.1M used in fiscal year 2024. Burn Trend ranks emerging companies on which way that figure has moved over three years, and MKDWELL Tech Inc. scores 52/100 among other emerging companies.
MKDWELL Tech Inc.'s cash, cash equivalents and investments came to $24K at the end of fiscal year 2025, against $13.5M of total liabilities. Balance Sheet ranks emerging companies on that comparison, and MKDWELL Tech Inc. scores 1/100 among other emerging companies.
MKDWELL Tech Inc. scores -1.01, below the 1.81 distress threshold. The score is pulled down most by an accumulated deficit of $16.3M against total assets of $18.4M. 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.
MKDWELL Tech Inc. passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
MKDWELL Tech Inc. reported a net loss of $2.6M while operations used $1.2M of cash. With neither figure positive, the ratio between the two carries no quality signal.
MKDWELL Tech Inc. reported an operating loss of $2.7M against $549K 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
MKDWELL Tech Inc. generated $3.0M in revenue in fiscal year 2025. This represents an increase of 51.6% from the prior year.
MKDWELL Tech Inc.'s EBITDA was -$2.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. The change from the prior year is not meaningful, because that figure was zero or negative.
MKDWELL Tech Inc. reported a net loss of $2.6M in fiscal year 2025. The change from the prior year is not meaningful, because that figure was zero or negative.
Cash & Balance Sheet
MKDWELL Tech Inc. recorded an outflow of $1.7M in free cash flow in fiscal year 2025, representing a cash shortfall after capex. The change from the prior year is not meaningful, because that figure was zero or negative.
MKDWELL Tech Inc. held $24K in cash against $2.9M in long-term debt as of fiscal year 2025.
Not reported for fiscal year 2025.
Margins & Returns
MKDWELL Tech Inc.'s gross margin was 6.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 2.1 percentage points from the prior year.
MKDWELL Tech Inc.'s operating margin was -88.0% in fiscal year 2025, reflecting core business profitability. No change is given against fiscal year 2024: its reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
MKDWELL Tech Inc.'s net profit margin was -84.9% in fiscal year 2025, showing the share of revenue converted to profit. No change is given against fiscal year 2024: its reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
MKDWELL Tech Inc.'s ROE was -44.5% in fiscal year 2025, measuring profit generated per dollar of shareholder equity.
Capital Allocation
MKDWELL Tech Inc. invested $999K in research and development in fiscal year 2025. This represents an increase of 41.5% from the prior year.
MKDWELL Tech Inc. invested $528K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 1456.2% from the prior year.
Not reported for fiscal year 2025.
MKDW 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 | FY2520-F | FY2420-F | FY2320-F | FY2220-F |
|---|---|---|---|---|
| Revenue | $3.0M+51.6% | $2.0M-45.5% | $3.7M+16.4% | $3.2M |
| Cost of Revenue | $2.8M+55.0% | $1.8M-38.8% | $3.0M+40.4% | $2.1M |
| Gross Profit | $188K+13.7% | $166K-75.4% | $674K-33.9% | $1.0M |
| R&D Expenses | $999K+41.5% | $706K-9.5% | $780K+8.2% | $721K |
| SG&A Expenses | $1.9M-18.7% | $2.3M+31.8% | $1.7M+44.7% | $1.2M |
| Operating Income | -$2.7Mn/m | -$2.8Mn/m | -$1.8Mn/m | -$900K |
| EBITDA | -$2.1Mn/m | -$2.4Mn/m | -$1.5Mn/m | -$601K |
| Interest Expense | $549K+37.8% | $398K+62.8% | $244K-37.3% | $390K |
| Net Income | -$2.6Mn/m | -$2.5Mn/m | -$1.6Mn/m | -$1.3M |
| EPS (Basic) | -$0.66 | -$4.50n/m | -$3.33 | -$0.09 |
| EPS (Diluted) | -$0.66 | -$4.50n/m | -$3.33 | -$0.09 |
| Diluted Shares (Avg) | 4M | 559,611+17.2% | 477,646 | 15M |
Not reported in any period shown, so not listed: Income Tax.
MKDW 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 | FY2520-F | FY2420-F | FY2320-F | FY2220-F |
|---|---|---|---|---|
| Total Assets | $18.4M+106.8% | $8.9M-3.0% | $9.2M | N/A |
| Current Assets | $12.6M+305.3% | $3.1M+13.9% | $2.7M | N/A |
| Cash & Equivalents | $24K-95.6% | $543K-41.3% | $924K+121.7% | $417K |
| Short-Term Investments | $0n/m | $0n/m | $0n/m | $0 |
| Inventory | $251K-13.8% | $291K-19.8% | $363K | N/A |
| Accounts Receivable | $821K+28.1% | $641K | N/A | N/A |
| Long-Term Investments | $0n/m | $0n/m | $0n/m | $0 |
| Total Liabilities | $13.5M-4.0% | $14.1M+59.2% | $8.8M | N/A |
| Current Liabilities | $10.3M-6.1% | $10.9M+80.4% | $6.1M | N/A |
| Non-Current Liabilities | $3.2M+3.6% | $3.1M+12.8% | $2.8M | N/A |
| Long-Term Debt | $2.9M+4.4% | $2.8M+15.9% | $2.4M | N/A |
| Total Equity | $5.8Mn/m | -$4.2M-806.4% | $596K | N/A |
| Retained Earnings | -$16.3Mn/m | -$13.7Mn/m | -$11.2M | N/A |
Not reported in any period shown, so not listed: Goodwill.
MKDW 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 | FY2520-F | FY2420-F | FY2320-F | FY2220-F |
|---|---|---|---|---|
| Operating Cash Flow | -$1.2Mn/m | -$3.1Mn/m | -$1.3Mn/m | -$130K |
| Depreciation & Amortization | $520K+13.2% | $459K+31.7% | $348K+16.3% | $300K |
| Stock-Based Compensation | $82K | N/A | N/A | N/A |
| Capital Expenditures | $528K+1456.2% | $34K-95.5% | $753K+73.7% | $434K |
| Free Cash Flow | -$1.7Mn/m | -$3.1Mn/m | -$2.1Mn/m | -$563K |
| Investing Cash Flow | -$10.4Mn/m | -$835Kn/m | -$1.3Mn/m | -$428K |
| Financing Cash Flow | $10.7M+199.6% | $3.6M+14.2% | $3.1M+417.7% | $606K |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
MKDW 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 | FY2520-F | FY2420-F | FY2320-F | FY2220-F |
|---|---|---|---|---|
| Gross Margin | 6.2%-2.1pp | 8.3%-10.1pp | 18.4%-14.0pp | 32.3% |
| Operating Margin | -88.0% | -141.3% | -50.1%-21.6pp | -28.5% |
| Net Margin | -84.9% | -126.0% | -43.3%-3.5pp | -39.8% |
| Return on Equity | -44.5% | N/A | -266.8% | N/A |
| Return on Assets | -14.0%+14.3pp | -28.3%-11.0pp | -17.3% | N/A |
| Current Ratio | 1.23+0.9x | 0.29-0.2x | 0.45 | N/A |
| Debt-to-Equity | 0.51 | N/A | 4.08 | N/A |
| Liabilities-to-Equity | 2.34 | N/A | 14.83 | N/A |
| Asset Turnover | 0.16-0.1x | 0.22-0.2x | 0.40 | N/A |
| FCF Margin | -56.8% | -157.4% | -56.6%-38.7pp | -17.9% |
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: Operating Margin, Net Margin, FCF Margin.
Where MKDWELL Tech Inc. Ranks
Frequently Asked Questions
What is MKDWELL Tech Inc.'s annual revenue?
MKDWELL Tech Inc. (MKDW) reported $3.0M in total revenue for fiscal year 2025. This represents a 51.6% 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 MKDWELL Tech Inc.'s revenue growing?
MKDWELL Tech Inc. (MKDW) revenue grew by 51.6% year-over-year, from $2.0M to $3.0M in fiscal year 2025.
Is MKDWELL Tech Inc. profitable?
No, MKDWELL Tech Inc. (MKDW) reported a net loss of $2.6M in fiscal year 2025, with a net profit margin of -84.9%.
What is MKDWELL Tech Inc.'s EBITDA?
MKDWELL Tech Inc. (MKDW) had EBITDA of -$2.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does MKDWELL Tech Inc. have?
As of fiscal year 2025, MKDWELL Tech Inc. (MKDW) had $24K in cash and equivalents against $2.9M in long-term debt.
What is MKDWELL Tech Inc.'s gross margin?
MKDWELL Tech Inc. (MKDW) had a gross margin of 6.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is MKDWELL Tech Inc.'s operating margin?
MKDWELL Tech Inc. (MKDW) had an operating margin of -88.0% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is MKDWELL Tech Inc.'s net profit margin?
MKDWELL Tech Inc. (MKDW) had a net profit margin of -84.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is MKDWELL Tech Inc.'s return on equity (ROE)?
MKDWELL Tech Inc. (MKDW) has a return on equity of -44.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is MKDWELL Tech Inc.'s free cash flow?
MKDWELL Tech Inc. (MKDW) recorded an outflow of $1.7M in free cash flow during fiscal year 2025. 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 MKDWELL Tech Inc.'s operating cash flow?
MKDWELL Tech Inc. (MKDW) recorded an outflow of $1.2M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are MKDWELL Tech Inc.'s total assets?
MKDWELL Tech Inc. (MKDW) had $18.4M in total assets as of fiscal year 2025, including both current and long-term assets.
What are MKDWELL Tech Inc.'s capital expenditures?
MKDWELL Tech Inc. (MKDW) invested $528K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does MKDWELL Tech Inc. spend on research and development?
MKDWELL Tech Inc. (MKDW) invested $999K in research and development during fiscal year 2025.
What is MKDWELL Tech Inc.'s current ratio?
MKDWELL Tech Inc. (MKDW) had a current ratio of 1.23 as of fiscal year 2025, which is considered adequate.
What is MKDWELL Tech Inc.'s debt-to-equity ratio?
MKDWELL Tech Inc. (MKDW) had a debt-to-equity ratio of 0.51 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.
What is MKDWELL Tech Inc.'s liabilities-to-equity ratio?
MKDWELL Tech Inc. (MKDW) had a liabilities-to-equity ratio of 2.34 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.
What is MKDWELL Tech Inc.'s return on assets (ROA)?
MKDWELL Tech Inc. (MKDW) had a return on assets of -14.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is MKDWELL Tech Inc.'s P/E ratio?
MKDWELL Tech Inc. (MKDW) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (FY2025). The market capitalization is $8.9M as of Oct 27, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is MKDWELL Tech Inc.'s price-to-sales ratio?
MKDWELL Tech Inc. (MKDW) trades at 2.9x sales, its market capitalization divided by $3.0M revenue, FY2025. The market capitalization is $8.9M as of Oct 27, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
How does MKDWELL Tech Inc.'s liquidity compare with its operating cash outflow?
At the end of fiscal year 2025, MKDWELL Tech Inc. (MKDW) held $24K in cash, cash equivalents and investments, and reported an operating cash outflow of $1.2M over that year. Dividing the one by the other, the reported balance equals about 0 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 MKDWELL Tech Inc.'s Altman Z-Score?
MKDWELL Tech Inc. (MKDW) has an Altman Z-Score of -1.01, 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 MKDWELL Tech Inc.'s Piotroski F-Score?
MKDWELL Tech Inc. (MKDW) 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are MKDWELL Tech Inc.'s earnings high quality?
MKDWELL Tech Inc. (MKDW) reported a net loss of $2.6M while operations used $1.2M 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 MKDWELL Tech Inc. cover its interest payments?
MKDWELL Tech Inc. (MKDW) reported an operating loss of $2.7M against $549K 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 MKDWELL Tech Inc.?
MKDWELL Tech Inc. (MKDW) scores 24 out of 100 on our Financial Health Score, indicating weak 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. 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.