Mackenzie Realty Financials
This page shows Mackenzie Realty (MKZR) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 6 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
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Mackenzie Realty has an operating margin of -106.4%, meaning the company retains $-106 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 -63.0% the prior year.
Mackenzie Realty's revenue surged 40.2% year-over-year to $22.1M, reflecting rapid business expansion. This strong growth earns a score of 100/100.
Mackenzie Realty has a moderate D/E ratio of 2.26. This balance of debt and equity financing earns a leverage score of 56/100.
Mackenzie Realty generates a -40.0% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is down from -13.6% the prior year.
Mackenzie Realty passes 2 of 9 financial strength tests. 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
For every $1 of reported earnings, Mackenzie Realty generates $0.07 in operating cash flow (-$1.7M OCF vs -$24.0M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Mackenzie Realty earns $-2.8 in operating income for every $1 of interest expense (-$23.5M vs $8.5M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Mackenzie Realty generated $22.1M in revenue in fiscal year 2025. This represents an increase of 40.2% from the prior year.
Mackenzie Realty's EBITDA was -$12.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 335.2% from the prior year.
Mackenzie Realty reported -$24.0M in net income in fiscal year 2025. This represents a decrease of 113.6% from the prior year.
Mackenzie Realty earned $-18.66 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 87.5% from the prior year.
Cash & Balance Sheet
Mackenzie Realty held $3.6M in cash against $135.3M in long-term debt as of fiscal year 2025.
Mackenzie Realty paid $2.25 per share in dividends in fiscal year 2025. This represents a decrease of 55.0% from the prior year.
Mackenzie Realty had 2M shares outstanding in fiscal year 2025. This represents an increase of 18.6% from the prior year.
Margins & Returns
Mackenzie Realty's operating margin was -106.4% in fiscal year 2025, reflecting core business profitability. This is down 43.3 percentage points from the prior year.
Mackenzie Realty's net profit margin was -108.7% in fiscal year 2025, showing the share of revenue converted to profit. This is down 37.3 percentage points from the prior year.
Mackenzie Realty's ROE was -40.0% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 26.4 percentage points from the prior year.
Capital Allocation
MKZR Income Statement
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $4.6M0.0% | $4.6M+1.2% | $4.5M-5.5% | $4.8M+12.4% | $4.3M-46.8% | $8.0M+62.2% | $5.0M+9.6% | $4.5M |
| Cost of Revenue | N/A | N/A | 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 | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $396K0.0% | $396K+12.4% | $353K-58.4% | $848K-5.4% | $896K+120.5% | $406K-6.4% | $434K+50.8% | $288K |
| Operating Income | $4.7M+200.0% | -$4.7M-35.0% | -$3.5M+38.1% | -$5.6M+3.3% | -$5.8M-28.0% | -$4.6M+38.8% | -$7.4M-183.5% | -$2.6M |
| Interest Expense | $2.7M0.0% | $2.7M+31.9% | $2.0M+0.8% | $2.0M-24.8% | $2.7M+35.2% | $2.0M+4.0% | $1.9M+8.2% | $1.7M |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | $4.5M+200.0% | -$4.5M-46.9% | -$3.0M+49.3% | -$6.0M+1.4% | -$6.1M-36.7% | -$4.5M+39.8% | -$7.4M-194.8% | -$2.5M |
| EPS (Diluted) | $2.97+200.0% | $-2.97-35.0% | $-2.20 | N/A | $-0.47+88.0% | $-3.93+35.6% | $-6.10 | N/A |
MKZR Balance Sheet
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | N/A | $238.1M-1.5% | $241.7M+2.4% | $236.0M-0.5% | $237.1M+0.3% | $236.4M-2.9% | $243.5M+4.5% | $233.1M |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash & Equivalents | N/A | $4.3M-10.7% | $4.9M+33.8% | $3.6M-29.5% | $5.1M-21.0% | $6.5M-39.1% | $10.7M-9.8% | $11.9M |
| Inventory | N/A | N/A | 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 | N/A | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | N/A | $152.0M+0.7% | $151.0M+6.0% | $142.5M+2.3% | $139.2M+0.4% | $138.6M-2.0% | $141.5M+13.1% | $125.1M |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Debt | N/A | $145.6M+2.0% | $142.7M+5.4% | $135.3M | N/A | $14.7M | N/A | $117.3M |
| Total Equity | N/A | $51.8M-8.7% | $56.7M-5.2% | $59.9M-10.2% | $66.7M-2.4% | $68.3M-7.0% | $73.4M-10.8% | $82.4M |
| Retained Earnings | N/A | -$94.8M-6.2% | -$89.3M-4.8% | -$85.2M-9.0% | -$78.2M-10.9% | -$70.5M-9.2% | -$64.5M-18.0% | -$54.7M |
MKZR Cash Flow Statement
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $3.6M+328.7% | -$1.6M+22.3% | -$2.0M-23.4% | -$1.6M+36.3% | -$2.6M-237.2% | $1.9M+190.6% | $644K+185.6% | -$753K |
| Capital Expenditures | N/A | N/A | 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 | N/A | N/A |
| Investing Cash Flow | $6.2M+411.3% | -$2.0M+52.7% | -$4.2M+13.1% | -$4.9M+24.0% | -$6.4M-150.3% | -$2.6M+52.1% | -$5.3M-160.1% | -$2.0M |
| Financing Cash Flow | $10.5M+238.7% | $3.1M-58.1% | $7.4M+43.7% | $5.2M-27.7% | $7.1M+278.2% | -$4.0M-211.9% | $3.6M+1421.1% | -$270K |
| Dividends Paid | $3.3M | $0 | $0-100.0% | $787K+16.8% | $674K-59.9% | $1.7M+1.0% | $1.7M+0.2% | $1.7M |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
MKZR Financial Ratios
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | 102.5%+205.1pp | -102.5%-25.7pp | -76.8%+40.5pp | -117.3%+19.1pp | -136.4%-79.7pp | -56.7%+93.5pp | -150.3%-92.2pp | -58.1% |
| Net Margin | 97.4%+194.8pp | -97.4%-30.3pp | -67.1%+58.0pp | -125.1%+17.4pp | -142.6%-87.0pp | -55.5%+94.1pp | -149.6%-94.0pp | -55.6% |
| Return on Equity | N/A | -8.6%-3.3pp | -5.4%+4.7pp | -10.0%-0.9pp | -9.1%-2.6pp | -6.5%+3.6pp | -10.1%-7.0pp | -3.0% |
| Return on Assets | N/A | -1.9%-0.6pp | -1.3%+1.3pp | -2.5%+0.0pp | -2.6%-0.7pp | -1.9%+1.1pp | -3.0%-2.0pp | -1.1% |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | N/A | 2.81+0.3 | 2.52+0.3 | 2.26+0.2 | 2.09+1.9 | 0.22-1.7 | 1.93+0.5 | 1.42 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Frequently Asked Questions
What is Mackenzie Realty's annual revenue?
Mackenzie Realty (MKZR) reported $22.1M in total revenue for fiscal year 2025. This represents a 40.2% 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 Mackenzie Realty's revenue growing?
Mackenzie Realty (MKZR) revenue grew by 40.2% year-over-year, from $15.7M to $22.1M in fiscal year 2025.
Is Mackenzie Realty profitable?
No, Mackenzie Realty (MKZR) reported a net income of -$24.0M in fiscal year 2025, with a net profit margin of -108.7%.
What is Mackenzie Realty's earnings per share (EPS)?
Mackenzie Realty (MKZR) reported diluted earnings per share of $-18.66 for fiscal year 2025. This represents a -87.5% 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.
What is Mackenzie Realty's EBITDA?
Mackenzie Realty (MKZR) had EBITDA of -$12.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Mackenzie Realty have?
As of fiscal year 2025, Mackenzie Realty (MKZR) had $3.6M in cash and equivalents against $135.3M in long-term debt.
What is Mackenzie Realty's operating margin?
Mackenzie Realty (MKZR) had an operating margin of -106.4% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Mackenzie Realty's net profit margin?
Mackenzie Realty (MKZR) had a net profit margin of -108.7% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Mackenzie Realty pay dividends?
Yes, Mackenzie Realty (MKZR) paid $2.25 per share in dividends during fiscal year 2025.
What is Mackenzie Realty's return on equity (ROE)?
Mackenzie Realty (MKZR) has a return on equity of -40.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Mackenzie Realty's operating cash flow?
Mackenzie Realty (MKZR) generated -$1.7M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Mackenzie Realty's total assets?
Mackenzie Realty (MKZR) had $236.0M in total assets as of fiscal year 2025, including both current and long-term assets.
How many shares does Mackenzie Realty have outstanding?
Mackenzie Realty (MKZR) had 2M shares outstanding as of fiscal year 2025.
What is Mackenzie Realty's debt-to-equity ratio?
Mackenzie Realty (MKZR) had a debt-to-equity ratio of 2.26 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Mackenzie Realty's return on assets (ROA)?
Mackenzie Realty (MKZR) had a return on assets of -10.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Mackenzie Realty's cash runway?
Based on fiscal year 2025 data, Mackenzie Realty (MKZR) had $3.6M in cash against an annual operating cash burn of $1.7M. This gives an estimated cash runway of approximately 26 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.
What is Mackenzie Realty's Piotroski F-Score?
Mackenzie Realty (MKZR) has a Piotroski F-Score of 2 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Mackenzie Realty's earnings high quality?
Mackenzie Realty (MKZR) has an earnings quality ratio of 0.07x, 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 Mackenzie Realty cover its interest payments?
Mackenzie Realty (MKZR) has an interest coverage ratio of -2.8x, 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.
How financially healthy is Mackenzie Realty?
Mackenzie Realty (MKZR) scores 39 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.