Marvion Inc Financials

MVNC

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

Financial Health Signals

Piotroski F-Score Neutral

5/9

Marvion Inc passes 5 of 9 financial strength tests. 1 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Low Quality

0.24x

For every $1 of reported earnings, Marvion Inc generates $0.24 in operating cash flow (-$180K OCF vs -$734K net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Interest Coverage At Risk

-5.1x

Marvion Inc earns $-5.1 in operating income for every $1 of interest expense (-$615K vs $121K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

This page shows Marvion Inc (MVNC) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 10 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).

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Key Financial Metrics

Revenue

$1.5M

YoY+134.1%

5Y CAGR+378.0%

Marvion Inc generated $1.5M in revenue in fiscal year 2024. This represents an increase of 134.1% from the prior year.

EBITDA

-$527K

YoY-1199.5%

Marvion Inc's EBITDA was -$527K in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 1199.5% from the prior year.

Free Cash Flow

N/A

Net Income

-$734K

YoY-7951.7%

Marvion Inc reported -$734K in net income in fiscal year 2024. This represents a decrease of 7951.7% from the prior year.

EPS (Diluted)

$0.00

Marvion Inc earned $0.00 per diluted share (EPS) in fiscal year 2024.

Cash & Debt

$322K

YoY+168.0%

5Y CAGR+106.6%

Marvion Inc held $322K in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

309M

YoY+0.0%

Marvion Inc had 309M shares outstanding in fiscal year 2024. This represents an increase of 0.0% from the prior year.

Gross Margin

49.5%

YoY+6.8pp

Marvion Inc's gross margin was 49.5% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 6.8 percentage points from the prior year.

Operating Margin

-39.8%

YoY-43.8pp

Marvion Inc's operating margin was -39.8% in fiscal year 2024, reflecting core business profitability. This is down 43.8 percentage points from the prior year.

Net Margin

-47.5%

YoY-48.9pp

5Y CAGR+230031.8pp

Marvion Inc's net profit margin was -47.5% in fiscal year 2024, showing the share of revenue converted to profit. This is down 48.9 percentage points from the prior year.

Return on Equity

N/A

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

N/A

MVNC Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY13
Revenue	$1.5M+134.1%	$660K-94.3%	$11.5M+3765.0%	$297K	$0-100.0%	$619
Cost of Revenue	$780K+106.5%	$378K-95.7%	$8.7M+9800.5%	$88K	$0	N/A
Gross Profit	$764K+171.2%	$282K-89.9%	$2.8M+1232.1%	$209K	$0	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$1.4M+439.6%	$256K-90.7%	$2.7M+105.6%	$1.3M+154127.3%	$865-99.9%	$775K
Operating Income	-$615K-2453.7%	$26K+100.3%	-$10.0M-374.2%	-$2.1M-244518.3%	-$865	N/A
Interest Expense	$121K	$0	N/A	$0	$0-100.0%	$472K
Income Tax	$0-100.0%	$17K+554.8%	-$4K-174.5%	$5K	$0	N/A
Net Income	-$734K-7951.7%	$9K+100.1%	-$10.0M-373.7%	-$2.1M-245110.9%	-$865+99.9%	-$1.4M
EPS (Diluted)	$0.00	$0.00+100.0%	$-0.01	$0.00	$0.00	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Revenue	$948K+6.6%	$890K+38.8%	$641K+22.2%	$525K+45.7%	$360K+33.8%	$269K	N/A	$213K
Cost of Revenue	$557K-4.6%	$584K+83.0%	$319K+21.3%	$263K+47.4%	$179K+23.2%	$145K	N/A	$89K
Gross Profit	$391K+27.9%	$306K-5.0%	$322K+23.2%	$261K+44.0%	$182K+46.0%	$124K	N/A	$124K
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$328K+16.0%	$283K+8.8%	$260K-59.8%	$646K+632.5%	$88K+24.8%	$71K	N/A	$58K
Operating Income	$63K+173.7%	$23K-62.7%	$62K+116.2%	-$385K-512.3%	$93K+74.0%	$54K	N/A	$66K
Interest Expense	$46K-40.2%	$77K+63.2%	$47K-44.2%	$85K	$0-100.0%	$124	N/A	-$108
Income Tax	$13K+43.6%	$9K+3.5%	$8K+123.4%	-$36K-281.2%	$20K+46.0%	$14K	N/A	$20K
Net Income	$5K-95.3%	$108K+1445.1%	$7K+101.6%	-$433K-685.6%	$74K+82.6%	$41K	N/A	$46K
EPS (Diluted)	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	N/A	$0.00

MVNC Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY13
Total Assets	$4.0M+25.8%	$3.2M-33.5%	$4.8M+1592.3%	$285K+10658.8%	$3K-99.6%	$737K
Current Assets	$651K+228.2%	$198K-95.6%	$4.6M+3068.6%	$144K+5323.8%	$3K-94.9%	$52K
Cash & Equivalents	$322K+168.0%	$120K+21.2%	$99K+253.0%	$28K+1967.9%	$1K-84.1%	$9K
Inventory	N/A	$7.8M+460.0%	$1.4M	$0	N/A	N/A
Accounts Receivable	$312K+320.4%	$74K	$0	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$10.1M+18.4%	$8.5M-16.0%	$10.1M+321.1%	$2.4M+56130.5%	$4K-99.9%	$3.2M
Current Liabilities	$4.8M+110.7%	$2.3M-66.5%	$6.8M+183.4%	$2.4M+56130.5%	$4K-99.8%	$2.2M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	-$6.0M-13.9%	-$5.3M+0.2%	-$5.3M-150.4%	-$2.1M-129966.4%	-$2K+99.9%	-$2.5M
Retained Earnings	-$6.1M-13.7%	-$5.3M+79.6%	-$26.2M-62.2%	-$16.2M-15.1%	-$14.0M	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Total Assets	$4.9M+3.4%	$4.7M+7.3%	$4.4M+9.4%	$4.0M-54.6%	$8.9M-1.6%	$9.0M+181.7%	$3.2M-81.1%	$17.0M
Current Assets	$985K+29.3%	$762K+8.6%	$702K+7.7%	$651K-92.7%	$8.9M-1.5%	$9.0M+4438.6%	$198K-98.8%	$16.8M
Cash & Equivalents	$398K+50.3%	$265K-28.2%	$369K+14.4%	$322K+4392.5%	$7K-20.8%	$9K-92.5%	$120K-16.7%	$144K
Inventory	N/A	N/A	N/A	N/A	$7.8M0.0%	$7.8M0.0%	$7.8M-35.4%	$12.0M
Accounts Receivable	$568K+16.2%	$489K+48.6%	$329K+5.4%	$312K	N/A	N/A	$74K+533.8%	$12K
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$10.3M+1.5%	$10.1M+2.2%	$9.9M-1.9%	$10.1M-28.4%	$14.1M-1.5%	$14.3M+68.0%	$8.5M-50.0%	$17.0M
Current Liabilities	$5.9M+2.1%	$5.8M+25.7%	$4.6M-4.4%	$4.8M-77.3%	$21.2M+8.0%	$19.6M+758.3%	$2.3M-91.9%	$28.4M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	-$5.4M+0.2%	-$5.4M+1.9%	-$5.5M+9.5%	-$6.0M-16.4%	-$5.2M+1.4%	-$5.3M+0.8%	-$5.3M-15950.4%	-$33K
Retained Earnings	-$6.0M+0.1%	-$6.0M+1.8%	-$6.1M+0.1%	-$6.1M+88.8%	-$54.0M-3.3%	-$52.3M-879.4%	-$5.3M+85.5%	-$36.8M

MVNC Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY13
Operating Cash Flow	-$180K-183.0%	$216K+118.2%	-$1.2M-1099.0%	-$99K-12163.7%	-$807+99.8%	-$455K
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	-$500K+51.5%	-$1.0M-54234.1%	-$2K+98.8%	-$154K	$0+100.0%	-$154K
Financing Cash Flow	$895K+1.2%	$884K-29.6%	$1.3M+349.8%	$279K+1470521.1%	$19-100.0%	$533K
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	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Operating Cash Flow	-$24K+55.9%	-$53K-130.3%	$176K+159.2%	-$298K-289.0%	$158K+41.9%	$111K-35.5%	$172K-37.8%	$277K
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	-$157K+64.3%	-$438K-89.3%	-$232K-211.6%	$208K+230.5%	-$159K+68.9%	-$511K-43.6%	-$356K+47.3%	-$675K
Financing Cash Flow	$323K-11.7%	$366K+269.5%	$99K-62.4%	$264K+585.4%	$39K-93.3%	$572K+108.2%	$275K-4.5%	$288K
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

MVNC Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY13
Gross Margin	49.5%+6.8pp	42.7%+18.4pp	24.3%-46.2pp	70.4%	N/A	N/A
Operating Margin	-39.8%-43.8pp	4.0%+91.3pp	-87.4%+624.8pp	-712.2%	N/A	N/A
Net Margin	-47.5%-48.9pp	1.4%+88.9pp	-87.5%+626.5pp	-714.0%	N/A	-230079.3%
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	-18.2%-18.5pp	0.3%+208.5pp	-208.3%+535.7pp	-743.9%-711.3pp	-32.6%+160.6pp	-193.2%
Current Ratio	0.14+0.0	0.09-0.6	0.67+0.6	0.06-0.6	0.62+0.6	0.02
Debt-to-Equity	-1.67-0.1	-1.60+0.3	-1.91-0.8	-1.13+1.5	-2.62-1.3	-1.30
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Gross Margin	41.3%+6.9pp	34.4%-15.9pp	50.2%+0.4pp	49.9%-0.6pp	50.4%+4.2pp	46.2%	N/A	58.2%
Operating Margin	6.7%+4.1pp	2.6%-7.1pp	9.7%+83.1pp	-73.4%-99.3pp	25.9%+6.0pp	19.9%	N/A	31.0%
Net Margin	0.5%-11.6pp	12.1%+11.0pp	1.1%+83.7pp	-82.6%-103.1pp	20.5%+5.5pp	15.0%	N/A	21.7%
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	0.1%-2.2pp	2.3%+2.1pp	0.2%+10.9pp	-10.7%-11.6pp	0.8%+0.4pp	0.4%	N/A	0.3%
Current Ratio	0.17+0.0	0.13-0.0	0.15+0.0	0.14-0.3	0.42-0.0	0.46+0.4	0.09-0.5	0.59
Debt-to-Equity	-1.91-0.0	-1.88-0.1	-1.81-0.1	-1.67+1.0	-2.710.0	-2.72-1.1	-1.60+513.3	-514.90
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Note: Shareholder equity is negative (-$6.0M), 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 (0.14), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Frequently Asked Questions

What is Marvion Inc's annual revenue?

Marvion Inc (MVNC) reported $1.5M in total revenue for fiscal year 2024. This represents a 134.1% 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 Marvion Inc's revenue growing?

Marvion Inc (MVNC) revenue grew by 134.1% year-over-year, from $660K to $1.5M in fiscal year 2024.

Is Marvion Inc profitable?

No, Marvion Inc (MVNC) reported a net income of -$734K in fiscal year 2024, with a net profit margin of -47.5%.

What is Marvion Inc's earnings per share (EPS)?

Marvion Inc (MVNC) reported diluted earnings per share of $0.00 for fiscal year 2024. 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 Marvion Inc's EBITDA?

Marvion Inc (MVNC) had EBITDA of -$527K in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

What is Marvion Inc's gross margin?

Marvion Inc (MVNC) had a gross margin of 49.5% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

What is Marvion Inc's operating margin?

Marvion Inc (MVNC) had an operating margin of -39.8% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is Marvion Inc's net profit margin?

Marvion Inc (MVNC) had a net profit margin of -47.5% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is Marvion Inc's operating cash flow?

Marvion Inc (MVNC) generated -$180K in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Marvion Inc's total assets?

Marvion Inc (MVNC) had $4.0M in total assets as of fiscal year 2024, including both current and long-term assets.

How many shares does Marvion Inc have outstanding?

Marvion Inc (MVNC) had 309M shares outstanding as of fiscal year 2024.

What is Marvion Inc's current ratio?

Marvion Inc (MVNC) had a current ratio of 0.14 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.

What is Marvion Inc's debt-to-equity ratio?

Marvion Inc (MVNC) had a debt-to-equity ratio of -1.67 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Marvion Inc's return on assets (ROA)?

Marvion Inc (MVNC) had a return on assets of -18.2% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Marvion Inc's cash runway?

Based on fiscal year 2024 data, Marvion Inc (MVNC) had $322K in cash against an annual operating cash burn of $180K. This gives an estimated cash runway of approximately 22 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 Marvion Inc's debt-to-equity ratio negative or unusual?

Marvion Inc (MVNC) has negative shareholder equity of -$6.0M 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 Marvion Inc's Piotroski F-Score?

Marvion Inc (MVNC) 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 Marvion Inc's earnings high quality?

Marvion Inc (MVNC) has an earnings quality ratio of 0.24x, 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 Marvion Inc cover its interest payments?

Marvion Inc (MVNC) has an interest coverage ratio of -5.1x, 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.