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Financial statements

Mentor Capital, Inc. financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data Mentor Capital, 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
Revenue2.763.185.284.334.836.010.040.17
Cost of revenue1.792.083.713.053.34.145.48
Gross profit0.981.111.571.281.531.870.040.17
Selling, general and administrative1.872.322.163.032.62.280.51.780.780.78
Selling and marketing0.02
Operating expenses0.780.79
Operating income-0.9-1.21-0.59-1.75-1.07-0.4-0.46-1.78-0.78-0.63
Interest expense0.040.070.020.020.040.060.030.02
Interest income0.110.740.170.110.090.070.060.070.170.04
Other non-operating income0.050.50.19-1.660.410.16-0.154.86-0.040.06
Pre-tax income-0.84-0.71-0.4-3.4-0.67-0.25-0.613.09-0.82-0.57
Income tax-0.010.010.020.010.010.010.010.010.020
Income from continuing operations-0.613.08-0.84
Net income to minority interests-00.04-0.010.020.050.020.1
Net income-0.86-0.75-0.41-3.44-0.73-0.27-0.473.16-0.84-0.57
EBITDA-0.87-1.19-0.57-1.72-1.05-0.35-0.46-1.77-0.78-0.63
EPS, basic-0.05-0.03-0.02-0.15-0.03-0.01-0.020.14-0.04-0.03
EPS, diluted-0.05-0.03-0.02-0.15-0.03-0.01-0.020.12-0.04-0.03
Shares, basic (weighted)17.722.323.123.122.922.922.92323.521.7
Shares, diluted (weighted)17.722.323.123.10.090.0922.925.923.521.7

Balance sheet

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash and equivalents1.310.831.470.690.510.450.282.432.180.05
Short-term investments00000
Receivables0.380.440.440.520.510.7100
Other current assets0.0400.0400.020.020.010.010.010.01
Total current assets1.754.022.761.661.191.351.724.13.311.48
Property, plant and equipment0.040.040.040.030.140.160.15000.01
Lease right-of-use assets0.130.040.37
Goodwill1.431.431.431.431.431.43000
Intangible assets1.27
Long-term investments0.060.210.210.090.10.10.1
Other non-current assets0.010.010.010.013.113.283.130.340.11.37
Total assets5.387.668.094.974.444.794.994.453.412.86
Accounts payable0.030.060.070.070.020.040.01000
Accrued liabilities0.170.220.360.220.260.410.020.090.040.04
Deferred revenue0.020.02
Short-term debt0.030.020.020.03
Total current liabilities0.220.320.610.590.540.931.020.090.050.04
Long-term debt0.070.030.0300.070.070.05
Lease liabilities00.140.0200.31
Total liabilities1.331.321.661.952.112.713.270.530.520.54
Total debt0.10.030.0300.070.090.08
Paid-in capital9.5712.613.113.113.113.113.112.111.911.9
Retained earnings-5.31-6.06-6.44-9.88-10.6-10.9-11.3-8.19-9.03-9.6
Other comprehensive income00.0300
Shareholders' equity4.053.012.342.081.733.922.892.32
Minority interests-0.21-0.19-0.2-0.19-0.14
Total equity4.056.356.433.012.342.081.733.922.892.32
Total liabilities and equity5.387.668.094.974.444.794.994.453.412.86
Shares outstanding2122.823.122.922.922.922.924.721.721.7

Cash flow statement

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Net income-0.86-0.72-0.42-3.42-0.68-0.26-0.373.16-0.84-0.57
Depreciation and amortization0.030.020.020.020.030.050000
Deferred income tax0.010.010.020
Change in receivables-0.04-0.1-0.06-0.13-0.02-0.220.02-0.01
Change in payables0.08
Cash from operations-0.35-1.48-0.29-1-0.56-0.220.17-2.43-0.63-0.5
Capital expenditures-0.03-0.02-0.03-0.01-0.05-0.06-0.04-0-0.01
Purchases of investments0-0.65-1.42-0.61
Sales and maturities of investments0.040.020.030.01000.980.87
Cash from investing0.07-1.330.370.31-0.150.110.365.590.56-1.64
Debt issued0.14
Debt repaid0.07-0.02-0.09-0.03
Stock issued0
Share buybacks-0.01-0.18
Cash from financing1.522.340.56-0.10.530.06-0.19-1.98-0.18-0
Net change in cash1.24-0.18-0.050.341.64-0.25-2.13
Free cash flow-0.38-1.5-0.32-1.01-0.61-0.280.13-2.43-0.5
Interest paid0.0400.020.020.030.050.30.06
Income taxes paid00.010.020.020.010.010.020.020.020

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 $0.04 on September 28, 2026.

Profitability

MetricValueHow it is calculated
Gross margin100.0%Gross profit / revenue.
Operating margin-352.3%Operating income / revenue.
EBITDA margin-350.8%EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin-264.3%Pre-tax income / revenue.
Net margin-254.4%Net income / revenue.
Operating cash flow margin-225.3%Cash from operations / revenue.
Return on equity (ROE)-25.9%Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)-20.0%Net income / average total assets.
Return on invested capital (ROIC)-29.1%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%.
SG&A / revenue445.7%Selling, general and administrative expense / revenue.
D&A / revenue1.5%Depreciation and amortization / revenue.

Growth

MetricValueHow it is calculated
Revenue CAGR, 3y68.2%Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y-49.0%Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit CAGR, 3y68.2%Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y-35.8%Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y-19.9%Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y10.3%Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y-0.1%Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y-16.2%Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y-17.0%Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y-8.4%Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y-7.6%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-1.9%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, 5y201.2%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 ratio13.5xCurrent assets / current liabilities.
Quick ratio0.54x(Cash + short-term investments + receivables) / current liabilities.
Cash ratio0.54x(Cash + short-term investments) / current liabilities.
Liabilities / assets22.8%Total liabilities / total assets.
Working capital$1.1MCurrent assets - current liabilities.
Goodwill and intangibles / assets47.6%(Goodwill + intangible assets) / total assets.
Tangible book value$744.5KShareholders' equity - goodwill - intangible assets.

Efficiency

MetricValueHow it is calculated
Asset turnover0.08xRevenue / average total assets.
Fixed asset turnover16.8xRevenue / average property, plant and equipment.

Per share

MetricValueHow it is calculated
EPS, diluted-$0.02Net 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$0.01Revenue / diluted weighted shares.
Operating cash flow per share-$0.02Cash from operations / diluted weighted shares.
Book value per share$0.07Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share$0.03Tangible book value / shares outstanding.
Cash per share$0.00(Cash + short-term investments) / shares outstanding.

Valuation

MetricValueHow it is calculated
Market cap$1.0MShare price x shares outstanding.
Enterprise value$997.9KMarket cap + total debt - cash - short-term investments.
P/S5.28xMarket cap / revenue.
P/B0.54xMarket cap / shareholders' equity. Only when equity is positive.
Price / tangible book1.40xMarket cap / tangible book value, when positive.
EV/Sales5.04xEnterprise value / revenue.
Earnings yield-48.2%Net income / market cap (the inverse of P/E).
What was Mentor Capital, Inc.'s revenue in fiscal 2025?

Mentor Capital, Inc. reported revenue of $166.8K for fiscal 2025.

Was Mentor Capital, Inc. profitable in fiscal 2025?

No. It reported a net loss of $574.1K.

How much free cash flow did Mentor Capital, Inc. generate in fiscal 2025?

Cash from operations of $497.1K minus capital expenditures of $6.0K left free cash flow of -$503.1K.

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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