Income statement, balance sheet and cash flow statement for the last 5 fiscal years, taken from the XBRL data NFT Ltd 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
FY2021
FY2023
FY2023
FY2024
FY2025
Revenue
3.4
2.15
0.74
0.73
Cost of revenue
0.78
0.56
0.19
0.19
Gross profit
2.62
1.6
0.55
0.53
General and administrative
13.3
2.71
2.47
Operating expenses
13.5
12
2.47
Operating income
-13.5
-9.38
-0.88
-0.91
-1.07
Interest expense
0.27
Other non-operating income
-0
-0.73
6.87
-0.27
Pre-tax income
-13.5
-9.39
-1.61
5.96
-1.35
Income tax
0.26
0.09
-0.34
0.02
Income from continuing operations
-13.5
-9.64
-1.7
6.3
-1.36
Net income
-30.1
-10.4
5.2
6.3
-1.36
EBITDA
-13.5
Shares, basic (weighted)
0.25
0.5
0.65
4.1
8.67
Shares, diluted (weighted)
0.25
0.5
1.24
4.1
8.67
Balance sheet
FY2021
FY2023
FY2023
FY2024
FY2025
Cash and equivalents
1.84
63.7
61.8
82.3
2.81
Other current assets
0.01
6.83
98.7
Total current assets
67.7
73.7
86.6
106
Property, plant and equipment
0.02
Intangible assets
0.02
Total assets
67.8
73.7
86.6
106
Accounts payable
2.13
3.26
1.36
1.76
Deferred revenue
2.71
4.31
4.35
4.39
Short-term debt
1.55
Total current liabilities
15.3
12.9
5.72
6.18
Total liabilities
15.3
12.9
5.72
6.18
Paid-in capital
92.5
95.7
110
130
Retained earnings
-39.8
-35
-28.7
-30
Other comprehensive income
-0.36
Shareholders' equity
2.78
52.4
60.8
80.9
99.7
Total equity
2.78
52.4
60.8
80.9
99.7
Total liabilities and equity
67.8
73.7
86.6
106
Shares outstanding
0.7
1.4
Cash flow statement
FY2021
FY2023
FY2023
FY2024
FY2025
Net income
-30.1
-10.4
5.2
6.3
-1.36
Depreciation and amortization
0
Stock-based compensation
10.9
Change in receivables
-0.12
Cash from operations
-16.1
4.08
-0.32
-1.34
-99.3
Purchases of investments
-0.5
Cash from investing
-0.51
0.13
0.33
Stock issued
0.18
Cash from financing
5.18
61.6
-1.55
21.9
19.9
Exchange rate effect
-0.01
-0
Net change in cash
-12
65.8
-1.54
20.6
-79.4
Income taxes paid
0.06
0
0
Key metrics
Worked out from the statements above. Latest values use fiscal 2025. Valuation uses the share price of $2.27 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Gross margin
73.5%
Gross profit / revenue.
Operating margin
-148.1%
Operating income / revenue.
Pre-tax margin
-185.5%
Pre-tax income / revenue.
Net margin
-187.7%
Net income / revenue.
Operating cash flow margin
-13,682.0%
Cash from operations / revenue.
Return on equity (ROE)
-1.5%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
-1.4%
Net income / average total assets.
Return on invested capital (ROIC)
-1.8%
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
Revenue growth, 1y
-2.0%
Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y
-40.3%
Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit growth, 1y
-2.7%
Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y
-41.2%
Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income growth, 1y
-121.6%
Net income vs the same period a year earlier. Only from a positive base.
Book value growth, 1y
23.2%
Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y
23.9%
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
22.2%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
16.0%
Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Share count change, 1y
111.1%
Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y
159.5%
Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
17.1x
Current assets / current liabilities.
Quick ratio
0.46x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
0.46x
(Cash + short-term investments) / current liabilities.
Market cap + total debt - cash - short-term investments.
P/S
0.72x
Market cap / revenue.
P/B
0.01x
Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book
0.01x
Market cap / tangible book value, when positive.
Earnings yield
-259.8%
Net income / market cap (the inverse of P/E).
What was NFT Ltd's revenue in fiscal 2025?
NFT Ltd reported revenue of $725.8K for fiscal 2025, 2% lower than the year before.
Was NFT Ltd profitable in fiscal 2025?
No. It reported a net loss of $1.4M.
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.