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Financial statements

Future FinTech Group Inc. financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data Future FinTech Group 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

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue34.410.50.890.940.3725.123.921.72.113.83
Cost of revenue25.28.730.980.490.0423.220.60.883.42
Gross profit9.171.73-0.090.450.331.85.41.121.240.41
Research and development0.72.670.340.31
Selling, general and administrative00.060.19
Selling and marketing0.0500.020.02
General and administrative5.0110.411.91.734.087.6814.27.244.74.34
Operating expenses6.941011908.0315.41522.224.734.134.4
Operating income2.23-99.1-191-7.58-15-13.2-16.8-23.6-32.9-34
Interest expense1.667.300.110.13
Interest income0.160001.311.310.690.06
Other non-operating income-1.26-2.950.76-3.53-15.21.463.32-9.23-0.853.06
Pre-tax income0.97-102-190-11.1-30.3-11.7-13.5-32.8-33.7-30.9
Income tax1.60.2700.070.46
Income from continuing operations-0.51-87.9-174-11.130.3-11.8-14-32.6-33.7-30.9
Net income to minority interests0.13-0.69-0.36
Net income-5.29-103-170-27.1-88.914.2-13.6-33.7-33-4.62
EBITDA7.66-98.4-2.91-15-13.2-16.6-23.4-32.8-34
EPS, basic-269.43-4,034.00-1,500.00-150.96-38.12-91.49-62.99-2.31
EPS, diluted-269.43-3,504.00-1,479.00-152.87445.22-40.13-38.12-91.09-63.00-2.31
Shares, basic (weighted)0.020.030.110.170.20.330.360.370.521.99
Shares, diluted (weighted)0.020.030.110.170.230.340.360.370.521.99

Balance sheet

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash and equivalents1.144.590.020.539.4350.327.6194.772.4
Short-term investments2.190.990.9600
Receivables7.3317.20.0709.17.84.412.090.61
Inventory3.042.10.0600.080.52
Other current assets58.11.441.60.022.934.673.440.023.78
Total current assets1026224.210015.672.765.354.530.350.8
Property, plant and equipment81.528.12.340.0203.164.212.810.240.15
Lease right-of-use assets0.290.111.060.450.370.2
Goodwill15.614
Intangible assets33.121.40.040.040.080.520.590.530.48
Long-term investments2.7967.51512.31.530.99
Other non-current assets67.54.67
Total assets26219162.911615.991.78560.935.553.3
Accounts payable16.611.311.10.25003.63.32.223.26
Accrued liabilities27.499.999.11.131.751.32.21
Deferred revenue0.30.030.22
Short-term debt0.111.020.76
Total current liabilities771181172036.917.2318.617.722.78.21
Long-term debt22.332.50.19
Lease liabilities0.110.760.110.190.03
Other non-current liabilities1.09
Total liabilities91.51581502047.210.819.318.522.99.33
Total debt6.1215.80.110.190.76
Paid-in capital105109106108134221223234237271
Retained earnings100-2.35-188-213-124-139-152-186-219-224
Other comprehensive income-70.6-94.1-8.9613-0.4-0.6-4.09-4.25-3.69
Shareholders' equity13512.6-91.3-92.48.7881.4674414.544
Minority interests35.220.34.64.36-0.05-0.59-1.28-1.57-1.87
Total equity17032.9-86.7-88.18.7380.965.742.412.644
Total liabilities and equity26219162.911615.991.78560.935.553.3
Shares outstanding0.020.030.160.180.260.350.360.440.611.26

Cash flow statement

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Net income-5.42-103-170-27.188.9-14.2-14.3-34-33.2-2.75
Depreciation and amortization5.430.674.6700.060.190.20.060.06
Stock-based compensation0.77.136.382.173.470.671.09
Deferred income tax-0.843.570.01
Change in receivables35.49.83-17.1-00-7.690.295.562.640.85
Change in inventory0.19-0.94-4.25-00
Change in payables8.11-5.22-0.22-1.7303.6-4.41-1.081.04
Cash from operations-34.423.7-4.88-15.8-5.25-18.72.69-14.6-20.4-31.8
Capital expenditures-8.73-0.01-0-0.07-0.03-0
Acquisitions0.174.68
Purchases of investments-5.36-2.19
Cash from investing-21-0.05-0-11.2-14.28.78-1.72-29
Debt issued0.69
Debt repaid-1.22-0.19-1.85
Stock issued17.43.340.167.122.5830
Dividends paid-0.06
Cash from financing-24.1-19.90.163.2316.469.3-0.25-1.822.4831.8
Exchange rate effect30.7-0.310.397.480.080.13-3.21-0.19-0.24
Net change in cash-48.93.44-4.330.529.2640.8-20.5-8.57-11.30.31
Free cash flow-43.2-15.8-5.25-14.6-20.5-31.8
Interest paid0.830.80.010.11
Income taxes paid2.710.270.010.010.51

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $4.38 on September 25, 2026.

Profitability

MetricValueHow it is calculated
Gross margin13.1%Gross profit / revenue.
Operating margin-163.1%Operating income / revenue.
EBITDA margin-159.7%EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin-156.1%Pre-tax income / revenue.
Net margin-157.6%Net income / revenue.
Operating cash flow margin-510.0%Cash from operations / revenue.
Return on equity (ROE)-11.5%Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)-9.6%Net income / average total assets.
Return on invested capital (ROIC)-9.8%Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
D&A / revenue3.4%Depreciation and amortization / revenue.

Growth

MetricValueHow it is calculated
Revenue growth, 1y81.1%Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y-45.7%Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y59.7%Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y-67.0%Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y-57.7%Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y4.1%Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y203.9%Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y-13.1%Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y38.0%Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y50.2%Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y-14.4%Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y27.3%Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y280.2%Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y76.6%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, 5y54.6%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 ratio6.71xCurrent assets / current liabilities.
Quick ratio0.35x(Cash + short-term investments + receivables) / current liabilities.
Cash ratio0.25x(Cash + short-term investments) / current liabilities.
Liabilities / assets16.1%Total liabilities / total assets.
Interest coverage-17.0xOperating income / interest expense.
Working capital$43.1MCurrent assets - current liabilities.
Goodwill and intangibles / assets0.8%(Goodwill + intangible assets) / total assets.
Tangible book value$44.0MShareholders' equity - goodwill - intangible assets.

Efficiency

MetricValueHow it is calculated
Asset turnover0.06xRevenue / average total assets.
Fixed asset turnover27.7xRevenue / average property, plant and equipment.
Receivables turnover4.72xRevenue / average receivables.
Days sales outstanding77 days365 x average receivables / revenue.
Days payables299 days365 x average accounts payable / cost of revenue.

Per share

MetricValueHow it is calculated
EPS, diluted-$3.34Net 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.
Revenue per share$2.12Revenue / diluted weighted shares.
Operating cash flow per share-$10.81Cash from operations / diluted weighted shares.
Book value per share$23.78Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share$23.56Tangible book value / shares outstanding.
Cash per share$1.03(Cash + short-term investments) / shares outstanding.

Valuation

MetricValueHow it is calculated
Market cap$141.2MShare price x shares outstanding.
Enterprise value$139.3MMarket cap + total debt - cash - short-term investments.
P/S43.6xMarket cap / revenue.
P/B3.18xMarket cap / shareholders' equity. Only when equity is positive.
Price / tangible book3.21xMarket cap / tangible book value, when positive.
EV/Sales43.0xEnterprise value / revenue.
Earnings yield-3.6%Net income / market cap (the inverse of P/E).
What was Future FinTech Group Inc.'s revenue in fiscal 2025?

Future FinTech Group Inc. reported revenue of $3.8M for fiscal 2025, 81.1% higher than the year before.

Was Future FinTech Group Inc. profitable in fiscal 2025?

No. It reported a net loss of $4.6M.

How much free cash flow did Future FinTech Group Inc. generate in fiscal 2025?

Cash from operations of $31.8M minus capital expenditures of $3.7K left free cash flow of -$31.8M.

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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