Income statement, balance sheet and cash flow statement for the last 2 fiscal years, taken from the XBRL data Marblegate Capital Corp 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
FY2025
FY2025
Revenue
21
48.5
General and administrative
0.5
17.5
Operating expenses
14.9
47.7
Operating income
6.08
0.81
Interest expense
0
0.01
Interest income
15.2
13.5
Other non-operating income
3.27
9.27
Pre-tax income
9.36
10.1
Income tax
0
54.1
Net income to minority interests
0
0.89
Net income
9.36
-44.9
EBITDA
7.97
4.14
EPS, basic
0.15
-0.63
EPS, diluted
0.15
-0.63
Shares, basic (weighted)
63
71
Shares, diluted (weighted)
63
71
Balance sheet
FY2025
FY2025
Cash and equivalents
35.2
25.3
Other current assets
1.45
11.4
Total current assets
36.6
37.2
Property, plant and equipment
0
0.57
Lease right-of-use assets
4.91
5.08
Intangible assets
345
359
Other non-current assets
0
1.26
Total assets
673
713
Short-term debt
0
4.81
Total current liabilities
9.86
19
Long-term debt
0
37.2
Lease liabilities
4.6
4.73
Total liabilities
14.6
117
Total debt
0
42
Paid-in capital
409
288
Retained earnings
249
204
Shareholders' equity
658
492
Minority interests
0
104
Total equity
658
596
Total liabilities and equity
673
713
Shares outstanding
63
73.9
Cash flow statement
FY2025
FY2025
Net income
9.36
-44.1
Depreciation and amortization
1.88
3.33
Deferred income tax
54.1
Cash from operations
10.3
1.17
Capital expenditures
0
-0.25
Acquisitions
0
-15.9
Cash from investing
11.2
-36.1
Debt issued
0
17.2
Cash from financing
-22.5
25.6
Net change in cash
-1.06
-9.33
Free cash flow
10.3
0.92
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 $0.70 on November 10, 2026.
Profitability
Metric
Value
How it is calculated
Operating margin
-16.9%
Operating income / revenue.
EBITDA margin
-6.6%
EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin
3.6%
Pre-tax income / revenue.
Net margin
2.3%
Net income / revenue.
FCF margin
-14.6%
Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin
-14.0%
Cash from operations / revenue.
Effective tax rate
66.5%
Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)
0.3%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
0.2%
Net income / average total assets.
Return on invested capital (ROIC)
-1.4%
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%.
Capex / revenue
0.6%
Capital expenditures / revenue.
D&A / revenue
10.3%
Depreciation and amortization / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
131.1%
Revenue vs the same period a year earlier. Only from a positive base.
Operating income growth, 1y
-86.7%
Operating income vs the same period a year earlier. Only from a positive base.
EBITDA growth, 1y
-48.0%
EBITDA vs the same period a year earlier. Only from a positive base.
Net income growth, 1y
-580.5%
Net income vs the same period a year earlier. Only from a positive base.
EPS growth, 1y
-520.0%
EPS vs the same period a year earlier. Only from a positive base.
Operating cash flow growth, 1y
-88.6%
Operating cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow growth, 1y
-91.0%
Free cash flow vs the same period a year earlier. Only from a positive base.
Book value growth, 1y
-25.3%
Book value vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y
5.9%
Total assets vs the same period a year earlier. Only from a positive base.
Share count change, 1y
12.8%
Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
1.38x
Current assets / current liabilities.
Quick ratio
0.47x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
0.47x
(Cash + short-term investments) / current liabilities.
Debt / equity
0.10x
Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets
7.0%
Total debt / total assets.
Liabilities / assets
16.6%
Total liabilities / total assets.
Net debt
$42.2M
Total debt - cash - short-term investments. Negative means more cash than debt.
Free cash flow / net income, when net income is positive.
Per share
Metric
Value
How it is calculated
EPS, diluted
$0.02
Net 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
$0.77
Revenue / diluted weighted shares.
FCF per share
-$0.11
Free cash flow / diluted weighted shares.
Operating cash flow per share
-$0.11
Cash from operations / diluted weighted shares.
Book value per share
$6.58
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Market cap + total debt - cash - short-term investments.
P/E
40.0x
Market cap / net income. Only when net income is positive.
P/S
0.91x
Market cap / revenue.
P/B
0.11x
Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book
0.47x
Market cap / tangible book value, when positive.
EV/Sales
1.65x
Enterprise value / revenue.
FCF yield
-16.0%
Free cash flow / market cap.
Earnings yield
2.5%
Net income / market cap (the inverse of P/E).
What was Marblegate Capital Corp's revenue in fiscal 2025?
Marblegate Capital Corp reported revenue of $48.5M for fiscal 2025, 131.1% higher than the year before.
Was Marblegate Capital Corp profitable in fiscal 2025?
No. It reported a net loss of $44.9M.
How much free cash flow did Marblegate Capital Corp generate in fiscal 2025?
Cash from operations of $1.2M minus capital expenditures of $247.0K left free cash flow of $922.0K.
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.