Income statement, balance sheet and cash flow statement for the last 4 fiscal years, taken from the XBRL data MDB Capital Holdings, LLC 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
FY2023
FY2023
FY2024
FY2025
Research and development
0.35
0.53
1.47
General and administrative
6.97
14
29.3
22.6
Operating expenses
7.32
14.5
30.8
22.6
Operating income
1.22
6
2.16
4.91
Interest expense
0.07
Pre-tax income
-5.88
-7.58
12
-17
Income tax
0.13
0
0.01
Net income to minority interests
-0.56
-0.74
-0.09
-0.02
Net income
-5.31
-6.97
11.7
-21.2
EBITDA
1.37
6.19
2.39
4.93
Balance sheet
FY2023
FY2023
FY2024
FY2025
Cash and equivalents
4.95
6.11
20.4
13.2
Other current assets
0.31
0.52
0.07
0.43
Property, plant and equipment
0.62
0.87
0.09
0.12
Lease right-of-use assets
1.41
2.32
0.64
0.55
Total assets
25.7
43
72
63.7
Accrued liabilities
0.02
Total liabilities
2.59
5.67
1.9
3.16
Paid-in capital
27.8
49.4
68.7
80.5
Retained earnings
-5.12
-12.1
1.44
-19.8
Shareholders' equity
22.6
37.3
70.2
60.7
Minority interests
0.47
0.01
-0.09
-0.11
Total equity
23.1
37.3
70.1
60.6
Total liabilities and equity
25.7
43
72
63.7
Cash flow statement
FY2023
FY2023
FY2024
FY2025
Net income
-5.88
-7.71
11.6
-21.3
Depreciation and amortization
0.15
0.2
0.23
0.02
Stock-based compensation
0.22
4.41
14.4
11.8
Change in receivables
-0.1
Change in payables
0.12
-0.12
Cash from operations
-6.57
-7.13
-9.04
-5.68
Capital expenditures
-0.19
-0.44
Purchases of investments
-27.1
-32.5
-17.8
Sales and maturities of investments
10.9
24.7
43
Cash from investing
-16.4
-8.23
22.9
-0.05
Cash from financing
21.7
17.8
0.07
Net change in cash
-1.27
2.41
13.9
-5.73
Free cash flow
-6.77
-7.56
Interest paid
0
Income taxes paid
0.13
0
0.01
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 $2.46 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Return on equity (ROE)
-45.3%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
-44.2%
Net income / average total assets.
Return on invested capital (ROIC)
10.8%
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%.
Growth
Metric
Value
How it is calculated
Operating income growth, 1y
127.7%
Operating income vs the same period a year earlier. Only from a positive base.
Operating income CAGR, 3y
59.1%
Compound annual growth of operating income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EBITDA growth, 1y
106.7%
EBITDA vs the same period a year earlier. Only from a positive base.
EBITDA CAGR, 3y
53.4%
Compound annual growth of ebitda over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income growth, 1y
-281.7%
Net income vs the same period a year earlier. Only from a positive base.
Book value growth, 1y
-13.5%
Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y
38.9%
Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets growth, 1y
-11.4%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
35.4%
Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Market cap + total debt - cash - short-term investments.
P/B
0.27x
Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book
0.27x
Market cap / tangible book value, when positive.
EV/EBIT
0.69x
Enterprise value / operating income, when both are positive.
Earnings yield
-167.9%
Net income / market cap (the inverse of P/E).
Was MDB Capital Holdings, LLC profitable in fiscal 2025?
No. It reported a net loss of $21.2M.
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.