What is Marwynn Holdings Inc.'s earnings per share (EPS)?

Marwynn Holdings Inc. (MWYN) reported diluted earnings per share of $-0.29 for fiscal year 2025. This represents a -514.3% 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.

Marwynn Holdings Inc. Financials

MWYN

Source SEC Filings (10-K/10-Q) Updated Jan 31, 2026 Currency USD FYE April

This page shows Marwynn Holdings Inc. (MWYN) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 2 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 MWYN FY2025 2026-04-22

FY2025 became a financing-supported business as overhead growth and cash burn overwhelmed otherwise serviceable gross margins.

Between FY2024 and FY2025, revenue slipped only 6.8% while selling and administrative costs jumped by nearly $4.0M, so the loss appears to come from a much heavier overhead load rather than a demand collapse. Operating cash flow moved to -$5.3M and was almost entirely offset by financing inflows of $5.2M, which means short-term liquidity was preserved by raising capital, not by the business funding itself.

With $4.6M of inventory against just $214K of cash, this is an inventory-funded working capital model: money is tied up in stock rather than sitting ready for flexibility. That helps explain why a thin liquidity cushion can feel tight even with a current ratio around 1.1x.

Total liabilities stayed around 4.1x equity in both years, and retained earnings moved from roughly break-even to -$6.7M; one bad year quickly consumed a thin equity cushion. With interest expense still tiny, the strain looks less like classic term-debt pressure and more like an operating model leaning on payables and other short-term obligations.

Financial Health Signals

Financial Profile 23/100

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 Marwynn Holdings Inc.'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.

Profitability

Marwynn Holdings Inc. has an operating margin of -39.3%, meaning the company retains $-39 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 11.7% the prior year.

Growth

Marwynn Holdings Inc.'s revenue declined 6.8% year-over-year, from $11.9M to $11.1M. This contraction results in a growth score of 22/100.

Leverage

100

Marwynn Holdings Inc. carries a low D/E ratio of 0.01, meaning only $0.01 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Marwynn Holdings Inc.'s current ratio of 1.15 is below the typical benchmark, resulting in a score of 18/100. This tight liquidity could limit financial flexibility if cash inflows slow.

Cash Flow

While Marwynn Holdings Inc. generated -$5.3M in operating cash flow, capex of $70K consumed most of it, leaving -$5.3M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.

Returns

Marwynn Holdings Inc. generates a -192.8% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is down from 40.0% the prior year.

Piotroski F-Score Weak

1/9

Marwynn Holdings Inc. passes 1 of 9 financial strength tests. No profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.

Earnings Quality Low Quality

1.20x

For every $1 of reported earnings, Marwynn Holdings Inc. generates $1.20 in operating cash flow (-$5.3M OCF vs -$4.4M 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

-182.8x

Marwynn Holdings Inc. earns $-182.8 in operating income for every $1 of interest expense (-$4.4M vs $24K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

Export CSV

Earnings & Revenue

Revenue

$11.1M

YoY-6.8%

Marwynn Holdings Inc. generated $11.1M in revenue in fiscal year 2025. This represents a decrease of 6.8% from the prior year.

EBITDA

-$4.2M

YoY-372.1%

Marwynn Holdings Inc.'s EBITDA was -$4.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 372.1% from the prior year.

Net Income

-$4.4M

YoY-540.7%

Marwynn Holdings Inc. reported -$4.4M in net income in fiscal year 2025. This represents a decrease of 540.7% from the prior year.

EPS (Diluted)

$-0.29

YoY-514.3%

Marwynn Holdings Inc. earned $-0.29 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 514.3% from the prior year.

Cash & Balance Sheet

Free Cash Flow

-$5.3M

YoY-680.1%

Marwynn Holdings Inc. generated -$5.3M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 680.1% from the prior year.

Cash & Debt

$214K

YoY-29.1%

Marwynn Holdings Inc. held $214K in cash against $31K in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

17M

YoY+13.7%

Marwynn Holdings Inc. had 17M shares outstanding in fiscal year 2025. This represents an increase of 13.7% from the prior year.

Margins & Returns

Gross Margin

42.4%

YoY-2.4pp

Marwynn Holdings Inc.'s gross margin was 42.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 2.4 percentage points from the prior year.

Operating Margin

-39.3%

YoY-51.0pp

Marwynn Holdings Inc.'s operating margin was -39.3% in fiscal year 2025, reflecting core business profitability. This is down 51.0 percentage points from the prior year.

Net Margin

-39.6%

YoY-48.0pp

Marwynn Holdings Inc.'s net profit margin was -39.6% in fiscal year 2025, showing the share of revenue converted to profit. This is down 48.0 percentage points from the prior year.

Return on Equity

-192.8%

YoY-232.8pp

Marwynn Holdings Inc.'s ROE was -192.8% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 232.8 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$70K

YoY-45.4%

Marwynn Holdings Inc. invested $70K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 45.4% from the prior year.

MWYN Income Statement

Metric	FY25	FY24
Revenue	$11.1M-6.8%	$11.9M
Cost of Revenue	$6.4M-2.8%	$6.6M
Gross Profit	$4.7M-11.9%	$5.3M
R&D Expenses	N/A	N/A
SG&A Expenses	$7.2M+124.8%	$3.2M
Operating Income	-$4.4M-414.0%	$1.4M
Interest Expense	$24K+28.1%	$19K
Income Tax	-$3K-100.8%	$364K
Net Income	-$4.4M-540.7%	$998K
EPS (Diluted)	$-0.29-514.3%	$0.07

Metric	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24
Revenue	$1.4M+3063.3%	$44K-98.1%	$2.3M-69.1%	$7.6M+1117.8%	$624K+1325.6%	$44K-98.5%	$2.8M	N/A
Cost of Revenue	$1.3M	N/A	$1.3M	N/A	$379K	N/A	$1.4M	N/A
Gross Profit	$84K+91.2%	$44K-95.6%	$994K-67.0%	$3.0M+1133.1%	$245K+459.1%	$44K-96.9%	$1.4M	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$635K+79.1%	$355K-84.4%	$2.3M-57.5%	$5.3M+3860.8%	$135K-49.2%	$265K-82.0%	$1.5M	N/A
Operating Income	-$552K-58.2%	-$349K+87.1%	-$2.7M+31.7%	-$4.0M-4825.4%	$84K+134.1%	-$246K-7.2%	-$230K	N/A
Interest Expense	N/A	N/A	$521	N/A	$1K	N/A	$13K	N/A
Income Tax	$12K+629.4%	$2K+11.1%	$2K+101.6%	-$93K-5996.6%	$2K+0.4%	$2K-98.2%	$87K	N/A
Net Income	-$548K+38.8%	-$896K+67.0%	-$2.7M+31.6%	-$4.0M-17091.2%	$23K+120.5%	-$114K+65.2%	-$329K	N/A
EPS (Diluted)	$-0.03+40.0%	$-0.05+68.8%	$-0.16	N/A	$0.00+100.0%	$-0.01+50.0%	$-0.02	N/A

MWYN Balance Sheet

Metric	FY25	FY24
Total Assets	$11.6M-8.0%	$12.6M
Current Assets	$7.3M-7.6%	$7.9M
Cash & Equivalents	$214K-29.1%	$302K
Inventory	$4.6M-13.0%	$5.2M
Accounts Receivable	$1.1M+2.4%	$1.1M
Goodwill	N/A	N/A
Total Liabilities	$9.3M-8.7%	$10.2M
Current Liabilities	$6.4M-5.6%	$6.8M
Long-Term Debt	$31K	N/A
Total Equity	$2.3M-8.5%	$2.5M
Retained Earnings	-$6.7M-346188.5%	$2K

Metric	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24
Total Assets	$2.8M-77.5%	$12.3M+6.0%	$11.6M-22.4%	$14.9M+18.5%	$12.6M	N/A	N/A	$12.6M
Current Assets	$2.6M-70.1%	$8.7M+18.9%	$7.3M+80.0%	$4.1M-48.6%	$7.9M	N/A	N/A	$7.2M
Cash & Equivalents	$296K-78.3%	$1.4M+536.3%	$214K-75.4%	$871K+181360.2%	$480-99.3%	$71K-76.4%	$302K-77.9%	$1.4M
Inventory	N/A	N/A	$4.6M-4.9%	$4.8M-8.5%	$5.2M	N/A	N/A	$4.3M
Accounts Receivable	$225K+28.6%	$175K-83.9%	$1.1M+456.9%	$195K-81.6%	$1.1M	N/A	N/A	$1.4M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$454K-95.2%	$9.5M+1.6%	$9.3M-6.5%	$10.0M-2.3%	$10.2M	N/A	N/A	$9.7M
Current Liabilities	$454K-93.3%	$6.8M+6.5%	$6.4M+2568.8%	$239K-96.5%	$6.8M	N/A	N/A	$5.8M
Long-Term Debt	N/A	N/A	$31K-7.8%	$34K	N/A	N/A	N/A	$100K
Total Equity	$2.3M-18.4%	$2.8M+23.9%	$2.3M-54.1%	$5.0M+107.0%	$2.4M+1.0%	$2.4M-4.6%	$2.5M-11.6%	$2.8M
Retained Earnings	-$8.1M-7.2%	-$7.6M-13.4%	-$6.7M-68.4%	-$4.0M-205632.8%	$2K	N/A	N/A	$421K

MWYN Cash Flow Statement

Metric	FY25	FY24
Operating Cash Flow	-$5.3M-602.7%	$1.0M
Capital Expenditures	$70K-45.4%	$128K
Free Cash Flow	-$5.3M-680.1%	$921K
Investing Cash Flow	-$70K+81.5%	-$378K
Financing Cash Flow	$5.2M+752.7%	$614K
Dividends Paid	N/A	N/A
Share Buybacks	N/A	N/A

Metric	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24
Operating Cash Flow	-$766K-216.3%	-$242K-154.6%	-$95K+98.1%	-$5.0M-1375.7%	$391K+24.4%	$315K+131.9%	-$987K-471.7%	$265K
Capital Expenditures	N/A	N/A	N/A	$13K	N/A	N/A	N/A	-$16K
Free Cash Flow	N/A	N/A	N/A	-$5.0M	N/A	N/A	N/A	$250K
Investing Cash Flow	-$550K-258.0%	$348K+150.4%	-$690K-5175.2%	-$13K+76.2%	-$55K-1792.0%	$3K+165.0%	-$5K-131.8%	$16K
Financing Cash Flow	$276K-77.2%	$1.2M+561.1%	-$263K-104.4%	$6.0M+4072.3%	-$151K+72.4%	-$548K-667.4%	-$71K-111.6%	$614K
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

MWYN Financial Ratios

Metric	FY25	FY24
Gross Margin	42.4%-2.4pp	44.8%
Operating Margin	-39.3%-51.0pp	11.7%
Net Margin	-39.6%-48.0pp	8.4%
Return on Equity	-192.8%-232.8pp	40.0%
Return on Assets	-37.9%-45.9pp	7.9%
Current Ratio	1.15-0.0	1.17
Debt-to-Equity	0.01-4.1	4.09
FCF Margin	-48.1%-55.8pp	7.7%

Metric	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24
Gross Margin	6.0%-94.0pp	100.0%+57.6pp	42.4%+2.7pp	39.7%+0.5pp	39.2%-60.8pp	100.0%+50.8pp	49.2%	N/A
Operating Margin	-39.9%+757.4pp	-797.2%-681.4pp	-115.8%-63.5pp	-52.3%-65.8pp	13.5%+576.9pp	-563.4%-555.3pp	-8.1%	N/A
Net Margin	-39.6%+2009.0pp	-2048.7%-1932.6pp	-116.0%-63.6pp	-52.4%-56.1pp	3.8%+265.2pp	-261.4%-249.8pp	-11.6%	N/A
Return on Equity	-23.8%+8.0pp	-31.7%+87.5pp	-119.2%-39.2pp	-80.0%-81.0pp	1.0%+5.8pp	-4.8%+8.4pp	-13.2%	N/A
Return on Assets	-19.9%-12.6pp	-7.3%+16.2pp	-23.4%+3.2pp	-26.6%-26.8pp	0.2%	N/A	N/A	N/A
Current Ratio	5.74+4.5	1.28+0.1	1.15-15.9	17.04+15.9	1.17	N/A	N/A	1.24
Debt-to-Equity	0.20-3.2	3.35+3.3	0.010.0	0.01-4.2	4.25	N/A	N/A	0.04
FCF Margin	N/A	N/A	N/A	-65.9%	N/A	N/A	N/A	N/A

Similar Companies

Crown Crafts CRWS

$29.1M

Northann Corp NCL

$7.8M

Energy Focus Inc EFOI

$30.6M

Natuzzi NTZ

$33.8M

Aterian Inc ATER

$7.7M

Frequently Asked Questions

What is Marwynn Holdings Inc.'s annual revenue?

Marwynn Holdings Inc. (MWYN) reported $11.1M in total revenue for fiscal year 2025. This represents a -6.8% 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 Marwynn Holdings Inc.'s revenue growing?

Marwynn Holdings Inc. (MWYN) revenue declined by 6.8% year-over-year, from $11.9M to $11.1M in fiscal year 2025.

Is Marwynn Holdings Inc. profitable?

No, Marwynn Holdings Inc. (MWYN) reported a net income of -$4.4M in fiscal year 2025, with a net profit margin of -39.6%.

What is Marwynn Holdings Inc.'s EBITDA?

Marwynn Holdings Inc. (MWYN) had EBITDA of -$4.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Marwynn Holdings Inc. have?

As of fiscal year 2025, Marwynn Holdings Inc. (MWYN) had $214K in cash and equivalents against $31K in long-term debt.

What is Marwynn Holdings Inc.'s gross margin?

Marwynn Holdings Inc. (MWYN) had a gross margin of 42.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Marwynn Holdings Inc.'s operating margin?

Marwynn Holdings Inc. (MWYN) had an operating margin of -39.3% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Marwynn Holdings Inc.'s net profit margin?

Marwynn Holdings Inc. (MWYN) had a net profit margin of -39.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Marwynn Holdings Inc.'s return on equity (ROE)?

Marwynn Holdings Inc. (MWYN) has a return on equity of -192.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Marwynn Holdings Inc.'s free cash flow?

Marwynn Holdings Inc. (MWYN) generated -$5.3M in free cash flow during fiscal year 2025. This represents a -680.1% 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 Marwynn Holdings Inc.'s operating cash flow?

Marwynn Holdings Inc. (MWYN) generated -$5.3M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Marwynn Holdings Inc.'s total assets?

Marwynn Holdings Inc. (MWYN) had $11.6M in total assets as of fiscal year 2025, including both current and long-term assets.

What are Marwynn Holdings Inc.'s capital expenditures?

Marwynn Holdings Inc. (MWYN) invested $70K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How many shares does Marwynn Holdings Inc. have outstanding?

Marwynn Holdings Inc. (MWYN) had 17M shares outstanding as of fiscal year 2025.

What is Marwynn Holdings Inc.'s current ratio?

Marwynn Holdings Inc. (MWYN) had a current ratio of 1.15 as of fiscal year 2025, which is considered adequate.

What is Marwynn Holdings Inc.'s debt-to-equity ratio?

Marwynn Holdings Inc. (MWYN) had a debt-to-equity ratio of 0.01 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Marwynn Holdings Inc.'s return on assets (ROA)?

Marwynn Holdings Inc. (MWYN) had a return on assets of -37.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Marwynn Holdings Inc.'s cash runway?

Based on fiscal year 2025 data, Marwynn Holdings Inc. (MWYN) had $214K in cash against an annual operating cash burn of $5.3M. 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.

What is Marwynn Holdings Inc.'s Piotroski F-Score?

Marwynn Holdings Inc. (MWYN) has a Piotroski F-Score of 1 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 Marwynn Holdings Inc.'s earnings high quality?

Marwynn Holdings Inc. (MWYN) has an earnings quality ratio of 1.20x, 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 Marwynn Holdings Inc. cover its interest payments?

Marwynn Holdings Inc. (MWYN) has an interest coverage ratio of -182.8x, 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 Marwynn Holdings Inc.?

Marwynn Holdings Inc. (MWYN) scores 23 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.