What is Steakholder Food's earnings per share (EPS)?

Steakholder Food (MTTCF) reported diluted earnings per share of $-0.01 for fiscal year 2025. 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.

Steakholder Food Financials

MTTCF

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Steakholder Food (MTTCF) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 5 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).

Rhea AI MTTCF FY2024 2026-04-22

Steakholder Foods remains a development-stage cash-burn business, with expense cuts shrinking losses faster than commercialization is appearing.

From FY2023 to FY2024, net loss narrowed from -$16.9M to -$8.5M, showing the cost base was reset materially rather than revenue scaling the model. Because operating cash outflow in FY2024 was still -$8.5M against only $1.3M of year-end cash, the immediate operating question is funding cadence, not earnings optics.

External financing is still doing the heavy lifting: shares outstanding climbed again to 349.6M, while financing cash flow added $6.4M in FY2024. That combination implies the company is mainly covering cash needs by issuing capital rather than by self-funding operations.

Even after cost cuts, R&D spending at $3.5M still roughly matched SG&A at $3.6M, which fits a business still organized around development more than commercial delivery. The current ratio fell from 2.0x in FY2023 to 1.1x in FY2024, so near-term liquidity tightened as cash reserves kept shrinking.

Financial Health Signals

Financial Profile 30/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of Steakholder Food'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.

Leverage

Steakholder Food carries a low D/E ratio of 0.20, meaning only $0.20 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 98/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

With a current ratio of 4.13, Steakholder Food holds $4.13 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 81/100.

Returns

Steakholder Food generates a -255.7% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is down from -210.6% the prior year.

Piotroski F-Score Weak

2/9

Steakholder Food passes 2 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass.

Earnings Quality Low Quality

0.60x

For every $1 of reported earnings, Steakholder Food generates $0.60 in operating cash flow (-$6.7M OCF vs -$11.2M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Key Financial Metrics

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Earnings & Revenue

Revenue

N/A

EBITDA

-$6.6M

YoY+17.5%

Steakholder Food's EBITDA was -$6.6M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 17.5% from the prior year.

Net Income

-$11.2M

YoY-32.0%

Steakholder Food reported -$11.2M in net income in fiscal year 2025. This represents a decrease of 32.0% from the prior year.

EPS (Diluted)

$-0.01

Steakholder Food earned $-0.01 per diluted share (EPS) in fiscal year 2025. This represents an increase of 75.0% from the prior year.

Cash & Balance Sheet

Free Cash Flow

-$6.9M

YoY+27.4%

Steakholder Food generated -$6.9M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 27.4% from the prior year.

Cash & Debt

$3.1M

YoY+145.0%

Steakholder Food held $3.1M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

5.44B

Steakholder Food had 5.44B shares outstanding in fiscal year 2025. This represents an increase of 1455.7% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

N/A

Return on Equity

-255.7%

YoY-45.1pp

Steakholder Food's ROE was -255.7% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 45.1 percentage points from the prior year.

Capital Allocation

R&D Spending

$2.2M

YoY-37.8%

Steakholder Food invested $2.2M in research and development in fiscal year 2025. This represents a decrease of 37.8% from the prior year.

Share Buybacks

N/A

Capital Expenditures

$113K

YoY-88.5%

Steakholder Food invested $113K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 88.5% from the prior year.

MTTCF Income Statement

Metric	FY25	FY24	FY23	FY22	FY21
Revenue	N/A	$10K	N/A	N/A	N/A
Cost of Revenue	N/A	$22K	N/A	N/A	N/A
Gross Profit	N/A	-$12K	N/A	N/A	N/A
R&D Expenses	$2.2M-37.8%	$3.5M-50.4%	$7.1M+8.7%	$6.5M+36.6%	$4.8M
SG&A Expenses	$4.0M+12.8%	$3.6M-18.6%	$4.4M-19.8%	$5.5M-21.1%	$6.9M
Operating Income	-$7.4M+12.5%	-$8.5M+40.2%	-$14.2M+17.1%	-$17.1M	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A
Net Income	-$11.2M-32.0%	-$8.5M+49.5%	-$16.9M+22.9%	-$21.9M+0.3%	-$21.9M
EPS (Diluted)	$-0.01	$-0.02+71.4%	$-0.07+36.4%	$-0.11-266.7%	$-0.03

Metric	Q4'25	Q2'25	Q4'24	Q2'24	Q4'23	Q4'22
Revenue	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
Gross Profit	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
SG&A Expenses	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
Interest Expense	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
Net Income	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

MTTCF Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21
Total Assets	$5.3M-32.0%	$7.8M-28.1%	$10.8M-31.5%	$15.8M	N/A
Current Assets	$3.7M+108.1%	$1.8M-64.3%	$5.0M-30.3%	$7.1M	N/A
Cash & Equivalents	$3.1M+145.0%	$1.3M-70.3%	$4.2M-32.4%	$6.3M-67.2%	$19.2M
Inventory	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$894K-76.1%	$3.7M-24.3%	$4.9M-22.8%	$6.4M	N/A
Current Liabilities	$894K-46.5%	$1.7M-32.8%	$2.5M-32.0%	$3.7M	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A
Total Equity	$4.4M+8.7%	$4.0M-31.2%	$5.9M-37.4%	$9.4M-56.1%	$21.4M
Retained Earnings	-$89.9M-14.3%	-$78.7M-12.1%	-$70.2M-31.6%	-$53.3M	N/A

Metric	Q4'25	Q2'25	Q4'24	Q2'24	Q4'23	Q4'22
Total Assets	$5.3M-9.6%	$5.9M-24.8%	$7.8M-35.9%	$12.2M+12.3%	$10.8M-31.5%	$15.8M
Current Assets	$3.7M+74.8%	$2.1M+19.1%	$1.8M-72.1%	$6.3M+27.7%	$5.0M-30.3%	$7.1M
Cash & Equivalents	$3.1M+124.2%	$1.4M+9.3%	$1.3M-76.8%	$5.4M+28.0%	$4.2M-32.4%	$6.3M
Inventory	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
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$894K-48.8%	$1.7M-53.3%	$3.7M-14.8%	$4.4M-11.2%	$4.9M-22.8%	$6.4M
Current Liabilities	$894K+2.4%	$873K-47.8%	$1.7M-23.7%	$2.2M-11.9%	$2.5M-32.0%	$3.7M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$4.4M+7.0%	$4.1M+1.6%	$4.0M-47.9%	$7.8M+32.0%	$5.9M-37.4%	$9.4M
Retained Earnings	-$89.9M-9.0%	-$82.5M-4.9%	-$78.7M-5.6%	-$74.5M-6.2%	-$70.2M-31.6%	-$53.3M

MTTCF Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21
Operating Cash Flow	-$6.7M+20.3%	-$8.5M+33.5%	-$12.7M+14.1%	-$14.8M-2.7%	-$14.4M
Capital Expenditures	$113K-88.5%	$985K+264.8%	$270K-90.7%	$2.9M+63.3%	$1.8M
Free Cash Flow	-$6.9M+27.4%	-$9.4M+27.3%	-$13.0M+26.7%	-$17.7M-9.3%	-$16.2M
Investing Cash Flow	-$1.3M-33.3%	-$956K-25.1%	-$764K+78.7%	-$3.6M+60.7%	-$9.1M
Financing Cash Flow	$9.8M+53.4%	$6.4M-43.3%	$11.3M+90.8%	$5.9M-79.8%	$29.2M
Dividends Paid	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q2'25	Q4'24	Q2'24	Q4'23	Q4'22
Operating Cash Flow	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
Free Cash Flow	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
Financing Cash Flow	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
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

MTTCF Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21
Gross Margin	N/A	-120.0%	N/A	N/A	N/A
Operating Margin	N/A	-84760.0%	N/A	N/A	N/A
Net Margin	N/A	-85210.0%	N/A	N/A	N/A
Return on Equity	-255.7%-45.1pp	-210.6%+76.2pp	-286.7%-54.2pp	-232.5%-130.1pp	-102.4%
Return on Assets	-212.5%-103.1pp	-109.4%+46.4pp	-155.8%-17.5pp	-138.3%	N/A
Current Ratio	4.13+3.1	1.06-0.9	2.00+0.0	1.95	N/A
Debt-to-Equity	0.20-0.7	0.92+0.1	0.84+0.2	0.68	N/A
FCF Margin	N/A	-94430.0%	N/A	N/A	N/A

Metric	Q4'25	Q2'25	Q4'24	Q2'24	Q4'23	Q4'22
Gross Margin	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
Net Margin	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
Return on Assets	N/A	N/A	N/A	N/A	N/A	N/A
Current Ratio	4.13+1.7	2.42+1.4	1.06-1.8	2.90+0.9	2.00+0.0	1.95
Debt-to-Equity	0.20-0.2	0.42-0.5	0.92+0.4	0.57-0.3	0.84+0.2	0.68
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

Is Steakholder Food profitable?

No, Steakholder Food (MTTCF) reported a net income of -$11.2M in fiscal year 2025.

What is Steakholder Food's EBITDA?

Steakholder Food (MTTCF) had EBITDA of -$6.6M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

What is Steakholder Food's return on equity (ROE)?

Steakholder Food (MTTCF) has a return on equity of -255.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Steakholder Food's free cash flow?

Steakholder Food (MTTCF) generated -$6.9M in free cash flow during fiscal year 2025. This represents a 27.4% 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 Steakholder Food's operating cash flow?

Steakholder Food (MTTCF) generated -$6.7M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Steakholder Food's total assets?

Steakholder Food (MTTCF) had $5.3M in total assets as of fiscal year 2025, including both current and long-term assets.

What are Steakholder Food's capital expenditures?

Steakholder Food (MTTCF) invested $113K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does Steakholder Food spend on research and development?

Steakholder Food (MTTCF) invested $2.2M in research and development during fiscal year 2025.

How many shares does Steakholder Food have outstanding?

Steakholder Food (MTTCF) had 5.44B shares outstanding as of fiscal year 2025.

What is Steakholder Food's current ratio?

Steakholder Food (MTTCF) had a current ratio of 4.13 as of fiscal year 2025, which is generally considered healthy.

What is Steakholder Food's debt-to-equity ratio?

Steakholder Food (MTTCF) had a debt-to-equity ratio of 0.20 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Steakholder Food's return on assets (ROA)?

Steakholder Food (MTTCF) had a return on assets of -212.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Steakholder Food's cash runway?

Based on fiscal year 2025 data, Steakholder Food (MTTCF) had $3.1M in cash against an annual operating cash burn of $6.7M. This gives an estimated cash runway of approximately 5 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 Steakholder Food's Piotroski F-Score?

Steakholder Food (MTTCF) 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Steakholder Food's earnings high quality?

Steakholder Food (MTTCF) has an earnings quality ratio of 0.60x, 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.

How financially healthy is Steakholder Food?

Steakholder Food (MTTCF) scores 30 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.