PMA Graphene Technology Group Inc. (PMA) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Sep 12, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 20-F for FY2026, filed Aug 17, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the PMA SEC filings page.
PMA Graphene Technology Group Inc. (PMA) reported $14.6M in revenue for fiscal year 2026, down 56.8% from the prior fiscal year. This page shows its 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).
Ming Shing’s dominant mechanic is a cost structure that overwhelms revenue, leaving losses alongside negative equity.
The FY2025-to-FY2026 gross-margin collapse from-3.9% to-18.4% occurred alongside a revenue contraction, indicating that lower volume exposed or intensified the cost burden rather than simply reducing profit dollars. Because FY2026’s gross loss of$2.7M was followed by an operating loss of$5.5M , fixed operating costs added another layer of pressure after direct costs already exceeded sales.
Revenue more than doubled between FY2022 and FY2024, while net margin narrowed from
By FY2026, liabilities exceeded assets and equity was
Financial Health Signals
Scored against operating companies for FY2026. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of PMA Graphene Technology Group 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.
PMA Graphene Technology Group Inc. has an operating margin of -37.4%, meaning the company loses $37 on every $100 of revenue. This results in a profitability score of 10/100. This is down from -15.8% the prior year.
PMA Graphene Technology Group Inc.'s revenue declined 56.8% year-over-year, from $33.9M to $14.6M. This contraction results in a growth score of 2/100.
PMA Graphene Technology Group Inc.'s current ratio of 0.71 is below the typical benchmark, resulting in a score of 8/100. This tight liquidity could limit financial flexibility if cash inflows slow.
PMA Graphene Technology Group Inc. scores 8.22, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($211.9M) relative to total liabilities ($10.7M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
PMA Graphene Technology Group Inc. passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
PMA Graphene Technology Group Inc. reported a net loss of $5.8M while generating $783K in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.
PMA Graphene Technology Group Inc. reported an operating loss of $5.5M against $347K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
None of these metrics is reported for Q4 2026.
Cash & Balance Sheet
PMA Graphene Technology Group Inc. held $1.6M in cash against $4.7M in long-term debt as of Q4 2026.
Not reported for Q4 2026.
Not reported for Q4 2026.
Margins & Returns
None of these metrics is reported for Q4 2026.
Capital Allocation
None of these metrics is reported for Q4 2026.
PMA Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA, Interest Expense, Income Tax, Net Income, EPS (Basic), EPS (Diluted), Diluted Shares (Avg).
PMA Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q4'2620-F | Q4'2520-F | Q4'2410-K | Q4'2310-K |
|---|---|---|---|---|
| Total Assets | $5.9M-56.2% | $13.4M+12.9% | $11.9M+43.5% | $8.3M |
| Current Assets | $4.2M-58.7% | $10.3M+16.0% | $8.8M+27.9% | $6.9M |
| Cash & Equivalents | $1.6M+559.3% | $250K-76.9% | $1.1M+233.5% | $324K |
| Short-Term Investments | $0 | $0 | $0 | $0 |
| Accounts Receivable | $835K-80.2% | $4.2M+156.9% | $1.6M-50.5% | $3.3M |
| Long-Term Investments | $0 | $0 | $0 | $0 |
| Total Liabilities | $10.7M-14.4% | $12.4M+14.2% | $10.9M+37.9% | $7.9M |
| Current Liabilities | $6.0M-37.1% | $9.5M+23.1% | $7.7M+25.2% | $6.2M |
| Non-Current Liabilities | $4.7M+60.2% | $2.9M-7.5% | $3.1M+83.3% | $1.7M |
| Long-Term Debt | $4.7M+62.7% | $2.9M-5.5% | $3.0M+102.5% | $1.5M |
| Total Equity | -$4.8M-585.8% | $984K-1.4% | $998K+160.7% | $383K |
| Retained Earnings | -$11.6M-98.7% | -$5.8M-686.0% | $997K+161.3% | $382K |
Not reported in any period shown, so not listed: Inventory, Goodwill.
PMA Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Operating Cash Flow, Depreciation & Amortization, Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Investing Cash Flow, Financing Cash Flow, Dividends Paid, Share Buybacks.
PMA Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Return on Equity, Return on Assets, Asset Turnover, FCF Margin.
Note: Shareholder equity is negative (-$4.8M), 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 (0.71), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Where PMA Graphene Technology Group Inc. Ranks
Frequently Asked Questions
What is PMA Graphene Technology Group Inc.'s annual revenue?
PMA Graphene Technology Group Inc. (PMA) reported $14.6M in total revenue for fiscal year 2026. This represents a -56.8% 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 PMA Graphene Technology Group Inc.'s revenue growing?
PMA Graphene Technology Group Inc. (PMA) revenue declined by 56.8% year-over-year, from $33.9M to $14.6M in fiscal year 2026.
Is PMA Graphene Technology Group Inc. profitable?
No, PMA Graphene Technology Group Inc. (PMA) reported a net income of -$5.8M in fiscal year 2026, with a net profit margin of -39.4%.
What is PMA Graphene Technology Group Inc.'s EBITDA?
PMA Graphene Technology Group Inc. (PMA) had EBITDA of -$5.3M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does PMA Graphene Technology Group Inc. have?
As of fiscal year 2026, PMA Graphene Technology Group Inc. (PMA) had $1.6M in cash and equivalents against $4.7M in long-term debt.
What is PMA Graphene Technology Group Inc.'s gross margin?
PMA Graphene Technology Group Inc. (PMA) had a gross margin of -18.4% in fiscal year 2026, indicating the percentage of revenue retained after direct costs of goods sold.
What is PMA Graphene Technology Group Inc.'s operating margin?
PMA Graphene Technology Group Inc. (PMA) had an operating margin of -37.4% in fiscal year 2026, reflecting the profitability of core business operations before interest and taxes.
What is PMA Graphene Technology Group Inc.'s net profit margin?
PMA Graphene Technology Group Inc. (PMA) had a net profit margin of -39.4% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.
What is PMA Graphene Technology Group Inc.'s operating cash flow?
PMA Graphene Technology Group Inc. (PMA) generated $783K in operating cash flow during fiscal year 2026, representing cash generated from core business activities.
What are PMA Graphene Technology Group Inc.'s total assets?
PMA Graphene Technology Group Inc. (PMA) had $5.9M in total assets as of fiscal year 2026, including both current and long-term assets.
What is PMA Graphene Technology Group Inc.'s current ratio?
PMA Graphene Technology Group Inc. (PMA) had a current ratio of 0.71 as of fiscal year 2026, which is below 1.0, which may suggest potential liquidity concerns.
What is PMA Graphene Technology Group Inc.'s return on assets (ROA)?
PMA Graphene Technology Group Inc. (PMA) had a return on assets of -98.1% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.
What is PMA Graphene Technology Group Inc.'s P/E ratio?
PMA Graphene Technology Group Inc. (PMA) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (FY2026). The market capitalization is $211.9M as of Sep 12, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is PMA Graphene Technology Group Inc.'s price-to-sales ratio?
PMA Graphene Technology Group Inc. (PMA) trades at 14.5x sales, its market capitalization divided by revenue of $14.6M revenue, FY2026. The market capitalization is $211.9M as of Sep 12, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
Why is PMA Graphene Technology Group Inc.'s debt-to-equity ratio negative or not reported?
PMA Graphene Technology Group Inc. (PMA) has negative shareholder equity of -$4.8M as of fiscal year 2026, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. 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 PMA Graphene Technology Group Inc.'s Altman Z-Score?
PMA Graphene Technology Group Inc. (PMA) has an Altman Z-Score of 8.22, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is PMA Graphene Technology Group Inc.'s Piotroski F-Score?
PMA Graphene Technology Group Inc. (PMA) has a Piotroski F-Score of 3 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 PMA Graphene Technology Group Inc.'s earnings high quality?
PMA Graphene Technology Group Inc. (PMA) reported a net loss of $5.8M while generating $783K in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. 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 PMA Graphene Technology Group Inc. cover its interest payments?
PMA Graphene Technology Group Inc. (PMA) reported an operating loss of $5.5M against $347K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. 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 PMA Graphene Technology Group Inc.?
PMA Graphene Technology Group Inc. (PMA) scores 15 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.