MMTEC INC Financials

MTC

Source SEC Filings (10-K/10-Q) Updated Jun 30, 2025 Currency USD FYE December

This page shows MMTEC INC (MTC) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 8 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

Financial Profile 51/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

MMTEC INC has an operating margin of -163.8%, meaning the company retains $-164 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 up from -556.4% the prior year.

Growth

100

MMTEC INC's revenue surged 114.8% year-over-year to $1.9M, reflecting rapid business expansion. This strong growth earns a score of 100/100.

Leverage

MMTEC INC has a moderate D/E ratio of 1.48. This balance of debt and equity financing earns a leverage score of 56/100.

Liquidity

MMTEC INC's current ratio of 0.41 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 0/100, which could limit financial flexibility.

Cash Flow

100

MMTEC INC converts 38.4% of revenue into free cash flow ($718K). This strong cash generation earns a score of 100/100.

Piotroski F-Score Neutral

4/9

MMTEC INC passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.

Earnings Quality Mixed

-0.01x

For every $1 of reported earnings, MMTEC INC generates $-0.01 in operating cash flow ($723K OCF vs -$91.2M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Interest Coverage At Risk

-1.3x

MMTEC INC earns $-1.3 in operating income for every $1 of interest expense (-$3.1M vs $2.4M). 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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Revenue

$1.9M

YoY+114.8%

5Y CAGR+56.2%

MMTEC INC generated $1.9M in revenue in fiscal year 2024. This represents an increase of 114.8% from the prior year.

EBITDA

-$3.0M

YoY+37.1%

MMTEC INC's EBITDA was -$3.0M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 37.1% from the prior year.

Free Cash Flow

$718K

YoY+113.9%

MMTEC INC generated $718K in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 113.9% from the prior year.

Net Income

-$91.2M

YoY-300.4%

MMTEC INC reported -$91.2M in net income in fiscal year 2024. This represents a decrease of 300.4% from the prior year.

EPS (Diluted)

$-3.65

YoY-518.6%

MMTEC INC earned $-3.65 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 518.6% from the prior year.

Cash & Debt

$2.9M

YoY+63.0%

5Y CAGR-4.7%

MMTEC INC held $2.9M in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

25M

YoY+1.2%

MMTEC INC had 25M shares outstanding in fiscal year 2024. This represents an increase of 1.2% from the prior year.

Gross Margin

81.6%

YoY+1.5pp

5Y CAGR+26.9pp

MMTEC INC's gross margin was 81.6% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 1.5 percentage points from the prior year.

Operating Margin

-163.8%

YoY+392.6pp

5Y CAGR+1300.7pp

MMTEC INC's operating margin was -163.8% in fiscal year 2024, reflecting core business profitability. This is up 392.6 percentage points from the prior year.

Net Margin

-4879.7%

YoY-10110.1pp

5Y CAGR-3762.5pp

MMTEC INC's net profit margin was -4879.7% in fiscal year 2024, showing the share of revenue converted to profit. This is down 10110.1 percentage points from the prior year.

Return on Equity

N/A

R&D Spending

$73K

YoY-79.9%

5Y CAGR-37.0%

MMTEC INC invested $73K in research and development in fiscal year 2024. This represents a decrease of 79.9% from the prior year.

Share Buybacks

N/A

Capital Expenditures

$5K

YoY+419.2%

5Y CAGR-47.8%

MMTEC INC invested $5K in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 419.2% from the prior year.

MTC Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$1.9M+114.8%	$870K-19.0%	$1.1M+88.8%	$569K-23.4%	$742K+269.6%	$201K
Cost of Revenue	$343K+98.4%	$173K-25.2%	$231K+63.5%	$141K+1808.2%	$7K-91.9%	$91K
Gross Profit	$1.5M+118.8%	$697K-17.2%	$842K+97.1%	$427K-41.8%	$735K+568.5%	$110K
R&D Expenses	$73K-79.9%	$364K-56.1%	$829K+11.3%	$744K+81.2%	$411K-44.3%	$737K
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	-$3.1M+36.8%	-$4.8M+18.1%	-$5.9M+9.7%	-$6.5M-105.7%	-$3.2M-8.3%	-$2.9M
Interest Expense	$2.4M+157.6%	-$4.2M	N/A	N/A	N/A	N/A
Income Tax	$25K	N/A	N/A	N/A	N/A	N/A
Net Income	-$91.2M-300.4%	$45.5M+906.0%	-$5.6M+19.9%	-$7.1M-121.6%	-$3.2M-41.8%	-$2.2M
EPS (Diluted)	$-3.65-518.6%	$-0.59	$-1.61+44.1%	$-2.88	$-1.56-1318.2%	$-0.11

Metric	Q2'25	Q2'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18
Revenue	N/A	N/A	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	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	N/A	N/A	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	N/A	N/A
Interest Expense	N/A	N/A	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	N/A	N/A
Net Income	N/A	N/A	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	N/A	N/A

MTC Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$65.9M-58.0%	$157.0M+1275.2%	$11.4M-21.7%	$14.6M+293.2%	$3.7M-40.2%	$6.2M
Current Assets	$3.0M-0.1%	$3.0M-66.5%	$9.0M-34.8%	$13.8M+514.6%	$2.3M-48.2%	$4.3M
Cash & Equivalents	$2.9M+63.0%	$1.8M-53.8%	$3.8M-66.0%	$11.2M+685.9%	$1.4M-60.9%	$3.6M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	$92K-54.0%	$200K	N/A	N/A	N/A
Goodwill	$108.2M0.0%	$108.2M	N/A	N/A	N/A	N/A
Total Liabilities	$39.3M+3.2%	$38.1M+1774.8%	$2.0M+64.4%	$1.2M+21.8%	$1.0M-30.2%	$1.5M
Current Liabilities	$7.3M+34.3%	$5.5M+364.3%	$1.2M+4.0%	$1.1M+71.5%	$658K-18.3%	$805K
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$26.6M-77.6%	$118.9M+1167.1%	$9.4M-29.7%	$13.4M+395.3%	$2.7M-43.3%	$4.8M
Retained Earnings	-$67.9M-392.1%	$23.2M+204.5%	-$22.3M-34.0%	-$16.6M-73.8%	-$9.6M-49.9%	-$6.4M

Metric	Q2'25	Q2'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18
Total Assets	$20.3M-69.2%	$65.9M-58.0%	$157.0M+1275.2%	$11.4M-21.7%	$14.6M+293.2%	$3.7M-40.2%	$6.2M+3100.3%	$194K
Current Assets	$10.4M+244.4%	$3.0M-0.1%	$3.0M-66.5%	$9.0M-34.8%	$13.8M+514.6%	$2.3M-48.2%	$4.3M+1215.7%	$330K
Cash & Equivalents	$10.2M+255.1%	$2.9M+63.0%	$1.8M-53.8%	$3.8M-66.0%	$11.2M+685.9%	$1.4M-60.9%	$3.6M+3790.5%	$94K
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	$92K-54.0%	$200K	N/A	N/A	N/A	N/A
Goodwill	N/A	$108.2M0.0%	$108.2M	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$40.1M+2.1%	$39.3M+3.2%	$38.1M+1774.8%	$2.0M+64.4%	$1.2M+21.8%	$1.0M-30.2%	$1.5M+127.8%	$638K
Current Liabilities	$7.9M+8.0%	$7.3M+34.3%	$5.5M+364.3%	$1.2M+4.0%	$1.1M+71.5%	$658K-18.3%	$805K-0.2%	$807K
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	-$19.8M-174.5%	$26.6M-77.6%	$118.9M+1167.1%	$9.4M-29.7%	$13.4M+395.3%	$2.7M-43.3%	$4.8M+1170.2%	-$444K
Retained Earnings	-$114.3M-68.4%	-$67.9M-392.1%	$23.2M+204.5%	-$22.3M-34.0%	-$16.6M-73.8%	-$9.6M-49.9%	-$6.4M-54.3%	-$4.1M

MTC Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$723K+114.0%	-$5.2M+7.9%	-$5.6M-36.5%	-$4.1M-106.6%	-$2.0M+7.3%	-$2.1M
Capital Expenditures	$5K+419.2%	$970-74.4%	$4K-89.8%	$37K+101.7%	$18K-85.8%	$130K
Free Cash Flow	$718K+113.9%	-$5.2M+7.9%	-$5.6M-35.3%	-$4.1M-106.6%	-$2.0M+11.8%	-$2.3M
Investing Cash Flow	$630K+100.7%	-$86.5M-2341.8%	-$3.5M-36.7%	-$2.6M-681.2%	-$332K+54.2%	-$725K
Financing Cash Flow	-$242K-100.3%	$89.7M+5023.4%	$1.8M-89.4%	$16.5M+44119.0%	$37K-99.4%	$6.4M
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

Metric	Q2'25	Q2'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18
Operating Cash Flow	N/A	N/A	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	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	N/A	N/A	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	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

MTC Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	81.6%+1.5pp	80.1%+1.7pp	78.5%+3.3pp	75.1%-23.9pp	99.0%+44.3pp	54.7%
Operating Margin	-163.8%+392.6pp	-556.4%-5.6pp	-550.8%+601.1pp	-1151.9%-722.8pp	-429.1%+1035.5pp	-1464.5%
Net Margin	-4879.7%-10110.1pp	5230.5%+5756.4pp	-526.0%+714.0pp	-1240.0%-811.3pp	-428.7%+688.5pp	-1117.2%
Return on Equity	N/A	38.3%	N/A	N/A	N/A	N/A
Return on Assets	-138.3%-167.3pp	29.0%+78.4pp	-49.5%-1.1pp	-48.3%+37.4pp	-85.8%-49.6pp	-36.1%
Current Ratio	0.41-0.1	0.55-7.1	7.70-4.6	12.27+8.9	3.42-2.0	5.40
Debt-to-Equity	1.48+1.2	0.32+0.1	0.22+0.1	0.09-0.3	0.38+0.1	0.31
FCF Margin	38.4%+630.7pp	-592.3%-71.1pp	-521.2%+205.8pp	-726.9%-457.3pp	-269.7%+860.3pp	-1130.0%

Metric	Q2'25	Q2'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18
Gross Margin	N/A	N/A	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	N/A	N/A
Net Margin	N/A	N/A	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	N/A	N/A
Return on Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Current Ratio	1.32+0.9	0.41-0.1	0.55-7.1	7.70-4.6	12.27+8.9	3.42-2.0	5.40+5.0	0.41
Debt-to-Equity	-2.02-3.5	1.48+1.2	0.32+0.1	0.22+0.1	0.09-0.3	0.38+0.1	0.31+1.7	-1.44
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Note: The current ratio is below 1.0 (0.41), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Frequently Asked Questions

What is MMTEC INC's annual revenue?

MMTEC INC (MTC) reported $1.9M in total revenue for fiscal year 2024. This represents a 114.8% 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 MMTEC INC's revenue growing?

MMTEC INC (MTC) revenue grew by 114.8% year-over-year, from $870K to $1.9M in fiscal year 2024.

Is MMTEC INC profitable?

No, MMTEC INC (MTC) reported a net income of -$91.2M in fiscal year 2024, with a net profit margin of -4879.7%.

What is MMTEC INC's earnings per share (EPS)?

MMTEC INC (MTC) reported diluted earnings per share of $-3.65 for fiscal year 2024. This represents a -518.6% 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.

What is MMTEC INC's EBITDA?

MMTEC INC (MTC) had EBITDA of -$3.0M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

What is MMTEC INC's gross margin?

MMTEC INC (MTC) had a gross margin of 81.6% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

What is MMTEC INC's operating margin?

MMTEC INC (MTC) had an operating margin of -163.8% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is MMTEC INC's net profit margin?

MMTEC INC (MTC) had a net profit margin of -4879.7% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is MMTEC INC's free cash flow?

MMTEC INC (MTC) generated $718K in free cash flow during fiscal year 2024. This represents a 113.9% change compared to the previous fiscal year. 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 MMTEC INC's operating cash flow?

MMTEC INC (MTC) generated $723K in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are MMTEC INC's total assets?

MMTEC INC (MTC) had $65.9M in total assets as of fiscal year 2024, including both current and long-term assets.

What are MMTEC INC's capital expenditures?

MMTEC INC (MTC) invested $5K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How much does MMTEC INC spend on research and development?

MMTEC INC (MTC) invested $73K in research and development during fiscal year 2024.

How many shares does MMTEC INC have outstanding?

MMTEC INC (MTC) had 25M shares outstanding as of fiscal year 2024.

What is MMTEC INC's current ratio?

MMTEC INC (MTC) had a current ratio of 0.41 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.

What is MMTEC INC's debt-to-equity ratio?

MMTEC INC (MTC) had a debt-to-equity ratio of 1.48 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is MMTEC INC's return on assets (ROA)?

MMTEC INC (MTC) had a return on assets of -138.3% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is MMTEC INC's Piotroski F-Score?

MMTEC INC (MTC) 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 MMTEC INC's earnings high quality?

MMTEC INC (MTC) has an earnings quality ratio of -0.01x, considered mixed quality. 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 MMTEC INC cover its interest payments?

MMTEC INC (MTC) has an interest coverage ratio of -1.3x, 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.

How financially healthy is MMTEC INC?

MMTEC INC (MTC) scores 51 out of 100 on our Financial Profile, indicating moderate 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.