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Financial statements

Creatd, Inc. financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data Creatd, Inc. files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

FY2013FY2014FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022
Revenue0.010.010.770.220.10.090.451.214.34.8
Cost of revenue00.180.041.55.36.11
Gross profit0.010.580.180.10.080.45-0.28-1-1.31
Research and development0.590.641.130.260.980.95
Selling and marketing2.859.634.7
General and administrative0.070.280.521.051.331.676.546.034.569.73
Operating expenses0.070.323.443.875.665.777.671632.427.7
Operating income-0.07-0.31-2.85-3.69-5.56-5.69-7.22-16.3-33.4-29
Interest expense-00.030.493.470.480.920.611.380.370.82
Interest income0.40
Other non-operating income-0-0.03-0.49-3.7-3.19-6.33-0.82-7.93-4.01
Pre-tax income-0.33-3.34-7.39-8.75-12-8.04-24.2-37.4-35.7
Income tax24.237.4
Net income-0.08-0.38-3.34-7.39-8.75-12-8.04-24.2-37.3-32.3
EBITDA-0.07-0.3-2.84-3.65-5.52-5.64-7.16-16.1-33-28.4
EPS, basic-0.16-0.41-0.36-0.69-0.69-12.44-2.93-5.68-2.98-1.66
EPS, diluted-0.16-0.41-0.36-0.69-0.69-12.44-2.93-5.68-3.44-1.60
Shares, basic (weighted)0.50.949.5310.712.91.142.744.8112.722
Shares, diluted (weighted)0.50.949.5310.712.91.142.744.8112.722

Balance sheet

FY2013FY2014FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022
Cash and equivalents1.480.130.440.170.110.017.913.790.71
Short-term investments00
Receivables000.010.050.090.340.24
Inventory0.020.110.4
Other current assets00.0108.673.972.97
Total current assets1.50.970.440.180.110.010.088.024.481.48
Property, plant and equipment0.060.380.070.070.050.040.040.060.10.21
Lease right-of-use assets0.310.240.022.05
Goodwill1.041.041.370.05
Intangible assets1.090.962.430.23
Long-term investments0.06
Other non-current assets0.01
Total assets1.561.360.610.380.180.212.5710.89.174.82
Accounts payable0.010.020.681.39-0.471.251.762.643.737.57
Accrued liabilities0.080.260.47
Deferred revenue0.010.050.090.230.3
Short-term debt1.431.341.65
Total current liabilities0.010.090.973.54-0.472.5710.94.975.4215.2
Long-term debt0.010.010.060.04
Lease liabilities2.08
Total liabilities0.010.090.973.55-0.472.711.15.345.4917.3
Total debt2.510.120.04
Paid-in capital1.861.965.3210.114.434.136.477.5112135
Retained earnings-0.31-0.69-5.71-13.3-21.8-36.5-44.6-71.9-110-146
Treasury stock-0.02-0.05-0.37-0.06-0.06-0.08
Other comprehensive income-0.01-0.04-0.08-0.14
Shareholders' equity1.55-1.45-0.36-2.91-7.37-2.49-8.565.451.81-11.8
Minority interests0.221.88-0.75
Total equity1.55-1.45-0.36-2.91-7.37-2.49-8.565.453.69-12.5
Total liabilities and equity1.561.360.610.380.180.212.5710.89.174.82
Shares outstanding0.990.949.5311.313.22.163.018.7316.739

Cash flow statement

FY2013FY2014FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022
Net income-0.08-0.38-3.34-7.39-8.75-12-8.04-24.2-37.4-35.7
Depreciation and amortization-00.010.010.040.040.040.060.160.40.59
Stock-based compensation0.820.461.260.350.446.869.664.18
Change in receivables-0-0-0-0.01-0.05-0.09-0.08-0.76
Change in inventory0.010.02-0.04-0.48
Change in payables-0.020.830.861.040.992.881.714.77
Cash from operations-0.12-0.27-2.29-2.52-3.85-4.97-5.96-7.34-20.5-16.8
Capital expenditures-0.05-0.33-0.07-0.04-0.01-0.03-0.03-0.04-0.1-0.21
Acquisitions-0.34
Purchases of investments-0.25
Sales and maturities of investments0.040.04
Cash from investing-0.06-0.37-0.07-0.04-0.01-0.03-0.36-0.55-1.170.37
Debt issued0.551.440.791.50.752.22
Debt repaid-0.05-0.1-0.26-0.03-0.49-0.46
Stock issued1.710.012.796.675.675.72
Share buybacks-0.02-0.03-0.02
Cash from financing1.650.132.672.33.84.896.3415.817.613.4
Exchange rate effect-0.01-0.03-0.04-0.06
Net change in cash-0.06-0.110.017.9-4.11-3.09
Free cash flow-0.17-0.59-2.36-2.56-3.87-5-5.98-7.39-20.6-17
Interest paid0.030.0100.060.060.180.060.65

Key metrics

Worked out from the statements above. Latest values use fiscal 2022. Valuation uses the share price of $4.25 on September 28, 2026.

Profitability

MetricValueHow it is calculated
Gross margin-27.4%Gross profit / revenue.
Operating margin-605.3%Operating income / revenue.
EBITDA margin-593.0%EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin-743.8%Pre-tax income / revenue.
Net margin-673.3%Net income / revenue.
FCF margin-354.8%Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin-350.4%Cash from operations / revenue.
Return on assets (ROA)-461.6%Net income / average total assets.
R&D / revenue19.8%Research and development expense / revenue.
Stock-based pay / revenue87.2%Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue4.4%Capital expenditures / revenue.
D&A / revenue12.2%Depreciation and amortization / revenue.

Growth

MetricValueHow it is calculated
Revenue growth, 1y11.6%Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y119.6%Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y118.8%Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y-750.3%Book value vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y-47.5%Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y23.3%Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y93.6%Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y74.2%Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y100.3%Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y11.3%Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

MetricValueHow it is calculated
Current ratio0.10xCurrent assets / current liabilities.
Quick ratio0.06x(Cash + short-term investments + receivables) / current liabilities.
Cash ratio0.05x(Cash + short-term investments) / current liabilities.
Debt / assets0.8%Total debt / total assets.
Liabilities / assets359.4%Total liabilities / total assets.
Net debt-$668.2KTotal debt - cash - short-term investments. Negative means more cash than debt.
Interest coverage-35.4xOperating income / interest expense.
Working capital-$13.7MCurrent assets - current liabilities.
Goodwill and intangibles / assets5.7%(Goodwill + intangible assets) / total assets.
Tangible book value-$12.0MShareholders' equity - goodwill - intangible assets.

Efficiency

MetricValueHow it is calculated
Asset turnover0.69xRevenue / average total assets.
Fixed asset turnover30.4xRevenue / average property, plant and equipment.
Inventory turnover23.9xCost of revenue / average inventory.
Days inventory15 days365 x average inventory / cost of revenue.
Receivables turnover16.6xRevenue / average receivables.
Days sales outstanding22 days365 x average receivables / revenue.
Days payables337 days365 x average accounts payable / cost of revenue.
Cash conversion cycle-300 daysDays inventory + days sales outstanding - days payables.

Per share

MetricValueHow it is calculated
EPS, diluted-$1.60Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
EPS, basic-$1.66Net income per basic share, as reported (split-adjusted).
Revenue per share$0.22Revenue / diluted weighted shares.
FCF per share-$0.77Free cash flow / diluted weighted shares.
Operating cash flow per share-$0.76Cash from operations / diluted weighted shares.
Book value per share-$0.30Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share-$0.31Tangible book value / shares outstanding.
Cash per share$0.02(Cash + short-term investments) / shares outstanding.

Valuation

MetricValueHow it is calculated
Market cap$14.0MShare price x shares outstanding.
Enterprise value$13.4MMarket cap + total debt - cash - short-term investments.
P/S2.93xMarket cap / revenue.
EV/Sales2.79xEnterprise value / revenue.
FCF yield-121.1%Free cash flow / market cap.
Earnings yield-229.9%Net income / market cap (the inverse of P/E).
Shareholder yield0.1%(Dividends paid + share buybacks) / market cap.
What was Creatd, Inc.'s revenue in fiscal 2022?

Creatd, Inc. reported revenue of $4.8M for fiscal 2022, 11.6% higher than the year before.

Was Creatd, Inc. profitable in fiscal 2022?

No. It reported a net loss of $32.3M.

How much free cash flow did Creatd, Inc. generate in fiscal 2022?

Cash from operations of $16.8M minus capital expenditures of $212.2K left free cash flow of -$17.0M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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