MMTEC, INC. MTC
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Market cap
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No price or market cap here: this company files no 10-K, so the only share count SEC publishes for it counts its ordinary shares in its home market, while its US listing is a depositary receipt standing for some number of them. That number is in no filing, so a price multiplied by that count is not this company's value and is not shown. The financial statements below are as filed.
Valuation FY2025 figures against the last close
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P/E—
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EV/EBITDA—
Dividend yield—
Diluted EPS—
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $807.5K | $1.9M | $869.9K | $1.1M | $568.6K | $742.1K | $200.8K | $26.9K | — | — |
| Cost of revenue | $633.0K | $343.1K | $172.9K | $231.1K | $141.3K | $7.4K | $90.9K | $16.3K | — | — |
| Gross profit | $174.5K | $1.5M | $697.0K | $842.3K | $427.3K | $734.7K | $109.9K | $10.6K | — | — |
| R&D | $40.2K | $73.3K | $364.0K | $828.9K | $744.4K | $410.8K | $737.3K | $828.4K | $513.6K | — |
| Total operating expenses | $4.0M | $4.6M | $5.5M | $6.8M | $7.0M | $3.9M | $3.1M | $2.3M | $918.6K | — |
| Operating income | -$3.8M | -$3.1M | -$4.8M | -$5.9M | -$6.5M | -$3.2M | -$2.9M | -$2.3M | -$918.6K | — |
| Interest expense | $8.7M | $2.4M | $4.2M | — | — | — | — | $12 | — | — |
| Pre-tax income | -$56.1M | -$91.1M | -$7.8M | -$5.7M | -$7.1M | -$3.2M | -$2.2M | -$2.3M | -$919.2K | — |
| Income tax | $9.0K | $24.5K | — | — | — | — | — | — | — | — |
| Net income | -$56.1M | -$91.2M | $45.5M | -$5.6M | -$7.1M | -$3.2M | -$2.2M | -$2.3M | -$919.2K | — |
| EPS, basic | — | — | — | -1.61 | -2.88 | -1.56 | -0.11 | — | — | — |
| EPS, diluted | — | — | — | -1.61 | -2.88 | -1.56 | -0.11 | -0.06 | -0.02 | — |
| Shares, diluted (wtd. avg.) | 53.6M | 25.0M | 13.2M | 437,139 | 2.5M | 2.0M | 20.0M | — | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $8.2M | $2.9M | $1.8M | $3.8M | $11.2M | $1.4M | $3.6M | $93.6K | $237.6K | $719.4K |
| Receivables | — | — | $92.0K | $200.0K | $194.9K | $46.4K | $16.0K | — | — | — |
| Total current assets | $8.4M | $3.0M | $3.0M | $9.0M | $13.8M | $2.3M | $4.3M | $330.5K | $351.3K | — |
| Property, plant and equipment | $2.5K | $85.8K | $129.1K | $184.4K | $267.4K | $102.9K | $132.0K | $32.4K | $37.6K | — |
| Goodwill | $108.2M | $108.2M | $108.2M | — | — | — | — | — | — | — |
| Total assets | $18.4M | $65.9M | $157.0M | $11.4M | $14.6M | $3.7M | $6.2M | $194.0K | $426.7K | — |
| Short-term debt | — | — | — | $405.6K | $356.3K | $92.8K | $78.6K | — | — | — |
| Total current liabilities | $669.2K | $7.3M | $5.5M | $1.2M | $1.1M | $658.0K | $805.5K | $807.2K | $102.3K | — |
| Total liabilities | $3.9M | $39.3M | $38.1M | $2.0M | $1.2M | $1.0M | $1.5M | $807.2K | $102.3K | — |
| Retained earnings | -$124.0M | -$67.9M | $23.2M | -$22.3M | -$16.6M | -$9.6M | -$6.4M | -$4.1M | -$1.8M | — |
| Total equity | $14.5M | $26.6M | $118.9M | $9.4M | $13.4M | $2.7M | $4.8M | -$444.3K | $324.4K | $1.1M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$3.7M | $722.9K | -$5.2M | -$5.6M | -$4.1M | -$2.0M | -$2.1M | -$1.9M | -$961.2K | — |
| Depreciation and amortisation | $83.9K | $46.8K | $45.8K | $66.4K | $40.1K | $54.6K | $25.8K | $27.3K | $21.0K | — |
| Stock-based compensation | — | — | — | — | $1.0M | $1.0M | — | — | — | — |
| Capital expenditure | — | $5.0K | $970 | $3.8K | $37.1K | $18.4K | $129.8K | $23.9K | $6.4K | — |
| Investing cash flow | $9.0M | $629.5K | -$86.5M | -$3.5M | -$2.6M | -$331.9K | -$725.5K | -$66.3K | $385.4K | — |
| Financing cash flow | — | -$241.8K | $89.7M | $1.8M | $16.5M | $37.2K | $6.4M | $1.8M | $66.6K | — |
| Buybacks | — | — | — | — | — | — | — | $36.0K | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001213900-26-039499.
Plot the figures US dollars
Income statement
Revenue
Cost of revenue
Gross profit
R&D
SG&A
Total operating expenses
Operating income
Interest expense
Pre-tax income
Income tax
Net income
EPS, basic
EPS, diluted
Shares, diluted (wtd. avg.)
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | $26.9K | $200.8K | $742.1K | $568.6K | $1.1M | $869.9K | $1.9M | $807.5K |
| Gross profit | — | — | $10.6K | $109.9K | $734.7K | $427.3K | $842.3K | $697.0K | $1.5M | $174.5K |
| Net income | — | -$919.2K | -$2.3M | -$2.2M | -$3.2M | -$7.1M | -$5.6M | $45.5M | -$91.2M | -$56.1M |
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