Mag Mile Capital Financials
This page shows Mag Mile Capital (MMCP) financial statements, including the 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).
Financial Health Signals
Mag Mile Capital passes 5 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, Mag Mile Capital generates $0.74 in operating cash flow (-$211K OCF vs -$283K net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Mag Mile Capital earns $-31.3 in operating income for every $1 of interest expense (-$275K vs $9K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Mag Mile Capital generated $2.1M in revenue in fiscal year 2024. This represents an increase of 6.9% from the prior year.
Mag Mile Capital's EBITDA was -$259K in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 91.6% from the prior year.
Mag Mile Capital reported -$283K in net income in fiscal year 2024. This represents an increase of 90.9% from the prior year.
Mag Mile Capital earned $0.00 per diluted share (EPS) in fiscal year 2024. This represents an increase of 100.0% from the prior year.
Cash & Balance Sheet
Mag Mile Capital held $484 in cash against $0 in long-term debt as of fiscal year 2024.
Mag Mile Capital had 100M shares outstanding in fiscal year 2024. This represents an increase of 0.0% from the prior year.
Margins & Returns
Mag Mile Capital's gross margin was 32.1% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 9.3 percentage points from the prior year.
Mag Mile Capital's operating margin was -13.4% in fiscal year 2024, reflecting core business profitability. This is up 148.4 percentage points from the prior year.
Mag Mile Capital's net profit margin was -13.8% in fiscal year 2024, showing the share of revenue converted to profit. This is up 148.5 percentage points from the prior year.
Capital Allocation
MMCP Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $325K-54.1% | $707K-9.4% | $781K | $0-100.0% | $255K-79.9% | $1.3M+137.4% | $533K+24.4% | $428K |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | $137K-53.4% | $293K+14.4% | $256K+504.2% | -$63K+70.2% | -$212K-128.9% | $734K+266.8% | $200K+433.4% | -$60K |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $473K+145.1% | $193K+30.7% | $148K+39.8% | $106K-27.0% | $145K+10.9% | $131K-11.6% | $148K+153.6% | -$276K |
| Operating Income | -$445K-601.8% | -$63K-632.4% | $12K+104.8% | -$246K+45.2% | -$448K-192.8% | $483K+859.7% | -$64K+82.3% | -$360K |
| Interest Expense | $2K0.0% | $2K0.0% | $2K0.0% | $2K-0.1% | $2K0.0% | $2K0.0% | $2K+172.5% | -$3K |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | -$447K-581.7% | -$66K-775.1% | $10K+103.9% | -$248K+45.0% | -$451K-193.7% | $481K+831.1% | -$66K+81.5% | -$356K |
| EPS (Diluted) | $0.00 | $0.00 | $0.00 | N/A | $0.00 | $0.00 | $0.00 | N/A |
MMCP Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $599K-36.8% | $947K+11.3% | $850K+19.2% | $713K-7.1% | $768K-38.0% | $1.2M+69.0% | $732K-6.5% | $784K |
| Current Assets | $380K-46.7% | $713K+18.4% | $602K+33.6% | $451K-8.2% | $491K-48.0% | $944K+125.6% | $418K-6.9% | $450K |
| Cash & Equivalents | $59K-82.9% | $343K+145.0% | $140K+28853.3% | $484-96.9% | $16K-87.3% | $123K+1301.8% | $9K-84.4% | $56K |
| 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 | $1.3M+8.5% | $1.2M+16.1% | $1.0M+14.5% | $880K+28.2% | $686K-2.8% | $706K+3.6% | $681K+2.2% | $667K |
| Current Liabilities | $948K+17.5% | $807K+26.5% | $638K+24.9% | $511K+104.8% | $249K-10.5% | $279K+17.8% | $236K+2.8% | $230K |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | -$670K-201.0% | -$222K-41.8% | -$157K+5.8% | -$167K-304.8% | $81K-84.7% | $532K+943.0% | $51K-56.3% | $117K |
| Retained Earnings | -$3.5M-14.8% | -$3.0M-2.2% | -$3.0M+0.3% | -$3.0M-9.1% | -$2.7M-19.8% | -$2.3M+17.5% | -$2.8M-2.4% | -$2.7M |
MMCP Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$545K-368.0% | $203K+140.1% | $85K+156.4% | -$150K-17.6% | -$128K-191.5% | $139K+292.6% | -$72K+76.1% | -$303K |
| 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 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Financing Cash Flow | $260K | $0-100.0% | $55K-59.3% | $135K | N/A | N/A | $25K-88.5% | $217K |
| 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 |
MMCP Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 42.1%+0.6pp | 41.5%+8.7pp | 32.8% | N/A | -83.5%-141.5pp | 58.1%+20.5pp | 37.6%+51.6pp | -14.0% |
| Operating Margin | -137.1%-128.1pp | -9.0%-10.5pp | 1.5% | N/A | -176.1%-214.3pp | 38.2%+50.2pp | -11.9%+72.1pp | -84.0% |
| Net Margin | -137.7%-128.4pp | -9.3%-10.5pp | 1.2% | N/A | -177.0%-215.0pp | 38.0%+50.4pp | -12.3%+70.9pp | -83.2% |
| Return on Equity | N/A | N/A | N/A | N/A | -553.9%-644.3pp | 90.4%+219.4pp | -129.0%+176.2pp | -305.2% |
| Return on Assets | -74.7%-67.8pp | -6.9%-8.1pp | 1.1%+35.9pp | -34.8%+23.9pp | -58.7%-97.5pp | 38.9%+47.8pp | -9.0%+36.5pp | -45.5% |
| Current Ratio | 0.40-0.5 | 0.88-0.1 | 0.94+0.1 | 0.88-1.1 | 1.97-1.4 | 3.39+1.6 | 1.77-0.2 | 1.95 |
| Debt-to-Equity | -1.89+3.4 | -5.26+1.2 | -6.42-1.1 | -5.28-13.7 | 8.44+7.1 | 1.33-12.0 | 13.36+7.7 | 5.71 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Note: Shareholder equity is negative (-$167K), 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 (0.88), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is Mag Mile Capital's annual revenue?
Mag Mile Capital (MMCP) reported $2.1M in total revenue for fiscal year 2024. This represents a 6.9% 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 Mag Mile Capital's revenue growing?
Mag Mile Capital (MMCP) revenue grew by 6.9% year-over-year, from $1.9M to $2.1M in fiscal year 2024.
Is Mag Mile Capital profitable?
No, Mag Mile Capital (MMCP) reported a net income of -$283K in fiscal year 2024, with a net profit margin of -13.8%.
What is Mag Mile Capital's EBITDA?
Mag Mile Capital (MMCP) had EBITDA of -$259K in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
What is Mag Mile Capital's gross margin?
Mag Mile Capital (MMCP) had a gross margin of 32.1% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Mag Mile Capital's operating margin?
Mag Mile Capital (MMCP) had an operating margin of -13.4% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Mag Mile Capital's net profit margin?
Mag Mile Capital (MMCP) had a net profit margin of -13.8% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Mag Mile Capital's operating cash flow?
Mag Mile Capital (MMCP) generated -$211K in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Mag Mile Capital's total assets?
Mag Mile Capital (MMCP) had $713K in total assets as of fiscal year 2024, including both current and long-term assets.
What is Mag Mile Capital's current ratio?
Mag Mile Capital (MMCP) had a current ratio of 0.88 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.
What is Mag Mile Capital's debt-to-equity ratio?
Mag Mile Capital (MMCP) had a debt-to-equity ratio of -5.28 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Mag Mile Capital's return on assets (ROA)?
Mag Mile Capital (MMCP) had a return on assets of -39.7% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Mag Mile Capital's cash runway?
Based on fiscal year 2024 data, Mag Mile Capital (MMCP) had $484 in cash against an annual operating cash burn of $211K. 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 Mag Mile Capital's debt-to-equity ratio negative or unusual?
Mag Mile Capital (MMCP) has negative shareholder equity of -$167K 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 Mag Mile Capital's Piotroski F-Score?
Mag Mile Capital (MMCP) has a Piotroski F-Score of 5 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 Mag Mile Capital's earnings high quality?
Mag Mile Capital (MMCP) has an earnings quality ratio of 0.74x, 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 Mag Mile Capital cover its interest payments?
Mag Mile Capital (MMCP) has an interest coverage ratio of -31.3x, 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.