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MDB Capital (MDBH) Financials

MDB Capital logo
$3.30 -0.13 (-3.65%)
Closing price 07/17/2026 03:58 PM Eastern
Extended Trading
$3.31 +0.02 (+0.46%)
As of 07/17/2026 04:10 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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Annual Income Statements for MDB Capital

Annual Income Statements for MDB Capital

This table shows MDB Capital's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2022 2023 2024 2025
Period end date 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 -5.31 -6.97 12 -21
Consolidated Net Income / (Loss)		 -5.88 -7.71 12 -21
Net Income / (Loss) Continuing Operations		 -5.88 -7.71 12 -21
Total Pre-Tax Income 		-5.88 -7.58 12 -17
Total Operating Income		 -6.12 6.00 -28 -17
Total Gross Profit		 -2.82 4.23 0.00 0.00
Total Revenue		 -0.00 4.23 0.00 0.00
Total Cost of Revenue		 2.82 0.00 0.00 0.00
Total Operating Expenses		 3.30 14 28 17
Selling, General & Admin Expense		 3.03 3.83 27 20
Research & Development Expense		 0.35 0.53 1.47 0.00
Other Operating Expenses / (Income)		 -0.08 9.83 -0.01 -2.75
Impairment Charge		 0.00 0.05 0.20 0.00
Total Other Income / (Expense), net		 0.23 2.42 40 0.52
Interest Expense		 - 0.00 0.07 0.00
Interest & Investment Income		 0.23 1.50 -0.16 -0.16
Other Income / (Expense), net		 - 0.92 41 0.68
Income Tax Expense		 0.00 0.13 0.00 0.01
Other Gains / (Losses), net		 - 0.00 -0.42 -4.28
Net Income / (Loss) Attributable to Noncontrolling Interest		 -0.56 -0.74 -0.09 -0.02
Basic Earnings per Share		 ($1.90) ($1.79) $2.49 ($4.24)
Weighted Average Basic Shares Outstanding		 6.52M 8.10M 9.42M 10.02M
Diluted Earnings per Share		 ($1.90) ($1.12) $1.62 ($3.82)
Weighted Average Diluted Shares Outstanding		 6.52M 13.82M 14.46M 11.15M
Weighted Average Basic & Diluted Shares Outstanding		 - 9.30M 9.95M 10.30M

Quarterly Income Statements for MDB Capital

This table shows MDB Capital's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 -3.01 -5.55 -7.22 -4.27 -7.74 31 -6.59 -8.25 -4.66 -1.75 -6.74
Consolidated Net Income / (Loss)		 -3.19 -5.95 -7.61 -4.81 -8.44 32 -6.60 -8.25 -4.66 -1.76 -6.74
Net Income / (Loss) Continuing Operations		 -3.19 -5.90 -7.61 -4.81 -8.44 32 -6.60 -8.25 -4.66 -1.76 -6.74
Total Pre-Tax Income 		-3.12 -6.21 -7.61 -4.80 -8.44 33 -5.73 -7.14 -3.59 -0.51 -5.63
Total Operating Income		 -3.30 7.98 -0.66 2.29 -0.61 -29 -4.45 -1.90 1.25 -18 -2.43
Total Gross Profit		 0.00 0.87 0.00 1.30 0.00 -1.30 0.00 0.00 0.00 -2.14 0.00
Total Revenue		 0.00 0.00 0.00 1.30 0.00 -1.30 0.00 0.00 0.00 -2.14 0.00
Total Cost of Revenue		 0.00 -0.87 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00
Total Operating Expenses		 2.51 8.26 7.20 7.33 8.00 5.83 4.45 5.20 4.98 0.73 2.43
Selling, General & Admin Expense		 0.88 1.30 1.79 1.52 1.72 22 5.99 1.16 1.23 16 4.65
Research & Development Expense		 0.03 0.46 0.28 0.24 0.72 0.23 0.00 0.00 0.00 - 0.00
Other Operating Expenses / (Income)		 1.60 6.45 5.13 5.57 5.56 -16 -1.55 4.04 3.76 -15 -2.22
Total Other Income / (Expense), net		 -0.61 1.23 -0.41 1.22 -0.44 40 -1.28 -1.94 1.39 2.35 -3.19
Interest & Investment Income		 -0.61 0.31 -0.75 0.90 -0.72 0.40 -1.46 -2.19 1.23 2.27 -3.16
Other Income / (Expense), net		 - - 0.34 0.32 0.28 40 0.18 0.25 0.17 0.08 -0.03
Income Tax Expense		 0.06 -0.26 0.00 0.00 0.00 -0.00 0.00 0.00 0.00 0.01 0.00
Other Gains / (Losses), net		 - - 0.00 0.00 0.00 -0.42 -0.87 -1.11 -1.07 -1.23 -1.11
Net Income / (Loss) Attributable to Noncontrolling Interest		 -0.18 -0.40 -0.39 -0.53 -0.71 1.54 -0.02 -0.00 0.00 -0.00 -0.00
Basic Earnings per Share		 ($0.81) ($1.38) ($1.56) ($0.92) ($1.66) $6.63 ($1.32) ($1.66) ($0.93) ($0.33) ($1.31)
Weighted Average Basic Shares Outstanding		 7.83M 8.10M 9.30M 9.30M 9.30M 9.42M 9.95M 9.95M 10.05M 10.02M 10.24M
Diluted Earnings per Share		 ($0.81) ($0.71) ($1.56) ($0.92) ($1.66) $5.76 ($1.32) ($1.66) ($0.93) $0.09 ($1.31)
Weighted Average Diluted Shares Outstanding		 7.83M 13.82M 9.30M 9.30M 9.30M 14.46M 9.95M 9.95M 10.05M 11.15M 10.24M
Weighted Average Basic & Diluted Shares Outstanding		 - 9.30M 4.30M 4.30M 4.95M 9.95M 4.95M 4.95M 5.14M 10.30M 5.44M

Annual Cash Flow Statements for MDB Capital

This table details how cash moves in and out of MDB Capital's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2022 2023 2024 2025
Period end date 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 -1.27 2.41 14 -5.73
Net Cash From Operating Activities		 -6.57 -7.13 -9.04 -5.68
Net Cash From Continuing Operating Activities		 -6.57 -7.13 -9.04 -5.68
Net Income / (Loss) Continuing Operations		 -5.88 -7.71 12 -21
Consolidated Net Income / (Loss)		 -5.88 -7.71 12 -21
Depreciation Expense		 0.15 0.20 0.23 0.02
Amortization Expense		 0.00 -0.71 -0.53 0.00
Non-Cash Adjustments To Reconcile Net Income		 -0.84 -0.43 -18 14
Changes in Operating Assets and Liabilities, net		 -0.01 1.53 -2.52 1.23
Net Cash From Investing Activities		 -16 -8.23 23 -0.05
Net Cash From Continuing Investing Activities		 -16 -8.23 23 -0.05
Purchase of Property, Plant & Equipment		 -0.19 -0.44 0.55 -0.05
Acquisitions		 - 0.00 -2.75 0.00
Purchase of Investments		 -27 -32 -18 0.00
Sale and/or Maturity of Investments		 11 25 43 0.00
Other Investing Activities, net		 - -0.04 -0.10 0.00
Net Cash From Financing Activities		 22 18 0.07 0.00
Net Cash From Continuing Financing Activities		 22 18 0.07 0.00
Payment of Dividends		 -2.85 -0.07 0.07 0.00
Cash Income Taxes Paid		 0.00 0.13 0.00 0.01

Quarterly Cash Flow Statements for MDB Capital

This table details how cash moves in and out of MDB Capital's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 24 -19 1.09 12 -2.24 3.02 -1.26 -2.15 -1.94 -0.38 -3.01
Net Cash From Operating Activities		 -1.44 -2.04 -2.26 -4.21 -2.15 -0.42 -1.26 -2.15 -1.92 -0.36 -2.95
Net Cash From Continuing Operating Activities		 -1.44 -2.04 -2.26 -4.21 -2.15 -0.42 -1.26 -2.15 -1.92 -0.36 -2.95
Net Income / (Loss) Continuing Operations		 -3.19 -5.95 -7.61 -4.81 -8.44 32 -6.60 -8.25 -4.66 -1.76 -6.74
Consolidated Net Income / (Loss)		 -3.19 -5.95 -7.61 -4.81 -8.44 32 -6.60 -8.25 -4.66 -1.76 -6.74
Depreciation Expense		 0.05 0.06 0.06 0.07 - 0.10 0.01 0.01 0.01 0.01 0.01
Non-Cash Adjustments To Reconcile Net Income		 1.49 3.11 5.49 1.64 4.78 -30 4.86 6.34 2.39 0.72 5.72
Changes in Operating Assets and Liabilities, net		 0.64 1.02 -0.20 -0.67 1.60 -3.25 0.48 -0.25 0.34 0.67 -1.94
Net Cash From Investing Activities		 7.26 -17 3.45 16 0.15 2.85 0.00 - -0.03 -0.02 -0.07
Net Cash From Continuing Investing Activities		 7.26 -17 3.45 16 0.15 2.85 0.00 - -0.03 -0.02 -0.07
Purchase of Property, Plant & Equipment		 -0.31 -0.08 -0.14 -0.03 0.07 0.65 0.00 - -0.03 -0.02 -0.07
Net Cash From Financing Activities		 18 -0.07 -0.09 -0.19 -0.24 0.59 0.00 - - - 0.00
Net Cash From Continuing Financing Activities		 18 -0.07 -0.09 -0.19 -0.24 0.59 0.00 - - - 0.00
Cash Interest Paid		 - - 0.00 - - - 0.00 - - - 0.00
Cash Income Taxes Paid		 - 0.13 0.00 - - 0.00 0.00 - - 0.01 0.00

Annual Balance Sheets for MDB Capital

This table presents MDB Capital's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2022 2023 2024 2025
Period end date 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 26 43 72 64
Total Current Assets		 6.10 12 21 14
Cash & Equivalents		 4.95 6.11 20 13
Accounts Receivable		 - 0.00 0.06 0.14
Prepaid Expenses		 0.31 0.52 0.51 0.43
Plant, Property, & Equipment, net		 0.62 0.87 0.09 0.12
Total Noncurrent Assets		 19 30 51 50
Long-Term Investments		 16 25 42 38
Other Noncurrent Operating Assets		 1.73 3.97 9.11 12
Total Liabilities & Shareholders' Equity		 26 43 72 64
Total Liabilities		 2.59 5.67 1.90 3.16
Total Current Liabilities		 0.95 1.68 0.40 0.36
Accounts Payable		 0.70 0.58 0.32 0.27
Accrued Expenses		 0.25 1.11 0.07 0.10
Total Noncurrent Liabilities		 1.64 3.98 1.51 2.80
Other Noncurrent Operating Liabilities		 1.64 3.96 1.51 2.80
Commitments & Contingencies		 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 23 37 70 61
Total Preferred & Common Equity		 23 37 70 61
Preferred Stock		 0.00 0.00 0.00 0.00
Total Common Equity		 23 37 70 61
Common Stock		 28 49 69 80
Retained Earnings		 -5.12 -12 1.44 -20
Noncontrolling Interest		 0.47 0.01 -0.09 -0.11

Quarterly Balance Sheets for MDB Capital

This table presents MDB Capital's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Total Assets		 41 38 34 69 64 62 57
Total Current Assets		 11 24 23 20 18 16 13
Cash & Equivalents		 5.49 18 17 20 17 15 12
Accounts Receivable		 - - - 0.09 0.57 0.47 0.21
Prepaid Expenses		 0.49 0.49 0.43 0.47 0.38 0.26 0.40
Plant, Property, & Equipment, net		 0.95 0.91 0.84 0.08 0.08 0.10 0.18
Total Noncurrent Assets		 29 12 11 48 45 46 44
Long-Term Investments		 22 5.24 5.28 46 40 39 36
Other Noncurrent Operating Assets		 6.31 6.11 4.86 2.15 5.61 6.85 8.14
Total Liabilities & Shareholders' Equity		 41 38 34 69 64 62 57
Total Liabilities		 7.42 5.15 6.03 1.64 1.73 1.88 1.24
Total Current Liabilities		 2.55 1.78 3.71 0.55 0.36 0.39 0.41
Accounts Payable		 2.03 1.63 3.41 0.38 0.29 0.33 0.35
Accrued Expenses		 0.52 0.15 0.30 0.17 0.07 0.06 0.06
Total Noncurrent Liabilities		 4.87 3.37 2.32 1.09 1.38 1.49 0.83
Other Noncurrent Operating Liabilities		 4.85 3.37 2.32 1.09 1.38 1.49 0.83
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 34 33 28 67 62 60 56
Total Preferred & Common Equity		 34 33 29 67 62 60 56
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 34 33 29 67 62 60 56
Common Stock		 53 57 60 72 75 78 83
Retained Earnings		 -19 -24 -31 -5.15 -13 -18 -27
Noncontrolling Interest		 -0.24 -0.43 -0.81 -0.10 -0.11 -0.11 -0.11

Annual Metrics And Ratios for MDB Capital

This table displays calculated financial ratios and metrics derived from MDB Capital's official financial filings.

Metric 2022 2023 2024 2025
Period end date 12/31/2022 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding		 0.00 0.00 4,950,632.00 5,138,632.00
DEI Adjusted Shares Outstanding		 0.00 0.00 4,950,632.00 5,138,632.00
DEI Earnings Per Adjusted Shares Outstanding		 0.00 0.00 2.36 -4.13
Growth Metrics		 - - - -
Revenue Growth		 0.00% 60,473,357.14% -100.00% 0.00%
EBITDA Growth		 0.00% 207.21% 86.76% -240.49%
EBIT Growth		 0.00% 213.02% 77.28% -237.18%
NOPAT Growth		 0.00% 197.99% -775.64% 56.81%
Net Income Growth		 0.00% -31.26% 250.43% -283.31%
EPS Growth		 0.00% 41.05% 244.64% -335.80%
Operating Cash Flow Growth		 0.00% -8.43% -26.84% 37.11%
Free Cash Flow Firm Growth		 0.00% 0.00% -891.88% 60.18%
Invested Capital Growth		 0.00% -34.45% 1,257.12% 24.73%
Revenue Q/Q Growth		 0.00% 0.00% -100.00% -100.00%
EBITDA Q/Q Growth		 0.00% 0.00% 42.88% -140.15%
EBIT Q/Q Growth		 0.00% 0.00% 36.37% -140.32%
NOPAT Q/Q Growth		 0.00% 0.00% -550.61% -1,026.29%
Net Income Q/Q Growth		 0.00% 0.00% 143.28% -264.22%
EPS Q/Q Growth		 0.00% 0.00% 133.40% -306.49%
Operating Cash Flow Q/Q Growth		 0.00% 0.00% 15.21% 0.99%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00% -270.73%
Invested Capital Q/Q Growth		 0.00% 0.00% 1,108.42% 69.24%
Profitability Metrics		 - - - -
Gross Margin		 0.00% 100.00% 0.00% 0.00%
EBITDA Margin		 0.00% 151.21% 0.00% 0.00%
Operating Margin		 0.00% 141.62% 0.00% 0.00%
EBIT Margin		 0.00% 163.34% 0.00% 0.00%
Profit (Net Income) Margin		 0.00% -182.18% 0.00% 0.00%
Tax Burden Percent		 100.00% 101.69% 96.49% 125.29%
Interest Burden Percent		 96.03% -109.68% 98.08% 100.93%
Effective Tax Rate		 0.00% 0.00% 0.02% 0.00%
Return on Invested Capital (ROIC)		 0.00% 572.93% 0.00% 0.00%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 613.32% 0.00% 0.00%
Return on Net Nonoperating Assets (RNNOA)		 0.00% -598.45% 0.00% 0.00%
Return on Equity (ROE)		 -25.42% -25.52% 21.60% -32.55%
Cash Return on Invested Capital (CROIC)		 0.00% 614.55% -843.47% -160.45%
Operating Return on Assets (OROA)		 0.00% 20.13% 0.00% 0.00%
Return on Assets (ROA)		 0.00% -22.45% 0.00% 0.00%
Return on Common Equity (ROCE)		 -24.91% -25.32% 21.62% -32.60%
Return on Equity Simple (ROE_SIMPLE)		 -25.95% -20.67% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 -4.28 4.20 -28 -12
NOPAT Margin		 0.00% 99.14% 0.00% 0.00%
Net Nonoperating Expense Percent (NNEP)		 -7.17% -40.39% 80.76% -15.97%
Return On Investment Capital (ROIC_SIMPLE)		 - 11.24% -40.46% -20.21%
Cost of Revenue to Revenue		 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 0.00% 90.47% 0.00% 0.00%
R&D to Revenue		 0.00% 12.48% 0.00% 0.00%
Operating Expenses to Revenue		 0.00% 336.39% 0.00% 0.00%
Earnings before Interest and Taxes (EBIT)		 -6.12 6.91 12 -17
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -5.97 6.40 12 -17
Valuation Ratios		 - - - -
Price to Book Value (P/BV)		 0.00 0.00 0.44 0.27
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.44 0.27
Price to Revenue (P/Rev)		 0.00 0.00 0.00 0.00
Price to Earnings (P/E)		 0.00 0.00 2.67 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 37.48% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00 0.00 0.00
Enterprise Value to Revenue (EV/Rev)		 0.00 0.00 0.00 0.00
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - -
Debt to Equity		 0.00 0.00 0.00 0.00
Long-Term Debt to Equity		 0.00 0.00 0.00 0.00
Financial Leverage		 -0.96 -0.98 -0.92 -0.86
Leverage Ratio		 1.11 1.14 1.07 1.04
Compound Leverage Factor		 1.07 -1.25 1.05 1.05
Debt to Total Capital		 0.00% 0.00% 0.00% 0.00%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 2.03% 0.02% -0.13% -0.18%
Common Equity to Total Capital		 97.97% 99.98% 100.13% 100.18%
Debt to EBITDA		 0.00 0.00 0.00 0.00
Net Debt to EBITDA		 0.00 0.00 0.00 0.00
Long-Term Debt to EBITDA		 0.00 0.00 0.00 0.00
Debt to NOPAT		 0.00 0.00 0.00 0.00
Net Debt to NOPAT		 0.00 0.00 0.00 0.00
Long-Term Debt to NOPAT		 0.00 0.00 0.00 0.00
Altman Z-Score		 0.00 0.00 10.77 2.11
Noncontrolling Interest Sharing Ratio		 2.03% 0.79% -0.08% -0.15%
Liquidity Ratios		 - - - -
Current Ratio		 6.39 7.37 53.07 38.09
Quick Ratio		 6.07 7.06 51.77 36.89
Cash Flow Metrics		 - - - -
Free Cash Flow to Firm (FCFF)		 0.00 4.50 -36 -14
Operating Cash Flow to CapEx		 -3,400.65% -1,623.95% 0.00% -11,600.00%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 -495.07 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 -125.53 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 -117.94 0.00
Efficiency Ratios		 - - - -
Asset Turnover		 0.00 0.12 0.00 0.00
Accounts Receivable Turnover		 0.00 0.00 0.00 0.00
Inventory Turnover		 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 0.00 5.68 0.00 0.00
Accounts Payable Turnover		 4.04 0.00 0.00 0.00
Days Sales Outstanding (DSO)		 0.00 0.00 0.00 0.00
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 90.36 0.00 0.00 0.00
Cash Conversion Cycle (CCC)		 0.00 0.00 0.00 0.00
Capital & Investment Metrics		 - - - -
Invested Capital		 0.88 0.58 7.87 9.82
Invested Capital Turnover		 0.00 5.78 0.00 0.00
Increase / (Decrease) in Invested Capital		 0.00 -0.30 7.29 1.95
Enterprise Value (EV)		 0.00 0.00 -31 -34
Market Capitalization		 0.00 0.00 31 17
Book Value per Share		 $3.47 $4.61 $14.17 $11.81
Tangible Book Value per Share		 $3.47 $4.61 $14.17 $11.81
Total Capital		 23 37 70 61
Total Debt		 0.00 0.00 0.00 0.00
Total Long-Term Debt		 0.00 0.00 0.00 0.00
Net Debt		 -22 -37 -62 -51
Capital Expenditures (CapEx)		 0.19 0.44 -0.55 0.05
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -0.64 -1.16 0.18 0.21
Debt-free Net Working Capital (DFNWC)		 5.14 11 21 13
Net Working Capital (NWC)		 5.14 11 21 13
Net Nonoperating Expense (NNE)		 1.59 12 -40 9.02
Net Nonoperating Obligations (NNO)		 -22 -37 -62 -51
Total Depreciation and Amortization (D&A)		 0.15 -0.51 -0.30 0.02
Debt-free, Cash-free Net Working Capital to Revenue		 0.00% -27.39% 0.00% 0.00%
Debt-free Net Working Capital to Revenue		 0.00% 253.29% 0.00% 0.00%
Net Working Capital to Revenue		 0.00% 253.29% 0.00% 0.00%
Earnings Adjustments		 - - - -
Adjusted Basic Earnings per Share		 $0.00 ($1.79) $2.49 ($4.24)
Adjusted Weighted Average Basic Shares Outstanding		 0.00 8.10M 9.42M 10.02M
Adjusted Diluted Earnings per Share		 $0.00 ($1.79) $1.62 ($3.82)
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 8.10M 14.46M 11.15M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 9.30M 9.95M 10.30M
Normalized Net Operating Profit after Tax (NOPAT)		 -4.28 4.23 -28 -12
Normalized NOPAT Margin		 0.00% 99.96% 0.00% 0.00%
Pre Tax Income Margin		 0.00% -179.15% 0.00% 0.00%
Debt Service Ratios		 - - - -
EBIT to Interest Expense		 0.00 0.00 170.25 0.00
NOPAT to Interest Expense		 0.00 0.00 -393.80 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00 177.83 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 -386.21 0.00
Payout Ratios		 - - - -
Dividend Payout Ratio		 -48.49% -0.90% -0.59% 0.00%
Augmented Payout Ratio		 -55.92% -0.90% -0.59% 0.00%

Quarterly Metrics And Ratios for MDB Capital

This table displays calculated financial ratios and metrics derived from MDB Capital's official financial filings.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 0.00 0.00 9,295,632.00 4,295,632.00 4,295,632.00 4,950,632.00 9,950,632.00 4,950,632.00 4,950,632.00 5,138,632.00 10,300,132.00
DEI Adjusted Shares Outstanding		 0.00 0.00 9,295,632.00 4,295,632.00 4,295,632.00 4,950,632.00 9,950,632.00 4,950,632.00 4,950,632.00 5,138,632.00 10,300,132.00
DEI Earnings Per Adjusted Shares Outstanding		 0.00 0.00 -0.78 -1.00 -1.80 6.24 -0.66 -1.67 -0.94 -0.34 -0.65
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 0.00% 0.00% 0.00% -69.21% 0.00% -16,292,575.00% 0.00% -100.00% 0.00% -64.20% 0.00%
EBITDA Growth		 0.00% 0.00% 88.01% -25.06% 87.01% 34.17% -1,540.07% -161.42% 437.17% -269.03% 42.25%
EBIT Growth		 0.00% 0.00% 85.41% -26.06% 89.84% 29.23% -1,222.64% -163.24% 523.10% -270.70% 42.22%
NOPAT Growth		 0.00% 0.00% 70.12% -50.32% 81.38% -626.14% -573.39% -183.04% 303.65% 57.88% 45.27%
Net Income Growth		 0.00% 0.00% -286.66% -241.63% -164.90% 645.42% 13.24% -71.66% 44.83% -105.42% -2.03%
EPS Growth		 0.00% 0.00% -212.00% -202.22% -104.94% 911.27% 15.38% -80.43% 43.98% -98.44% 0.76%
Operating Cash Flow Growth		 0.00% 0.00% -95.73% -68.88% -49.44% 79.53% 44.31% 48.97% 10.89% 13.64% -134.10%
Free Cash Flow Firm Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -47.44% -43.63% -295.30% 60.95% -192.11%
Invested Capital Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 1,257.12% -20.20% 40.03% 790.62% 24.73% 564.49%
Revenue Q/Q Growth		 -100.00% 0.00% -100.00% 0.00% -100.00% 0.00% 100.00% -100.00% 0.00% 0.00% 100.00%
EBITDA Q/Q Growth		 -190.94% 338.67% -103.35% 1,130.86% -115.77% 2,564.43% -140.94% -262.11% 186.57% -1,335.47% 86.01%
EBIT Q/Q Growth		 -193.48% 341.74% -104.04% 909.04% -112.84% 3,175.38% -141.39% -263.58% 185.93% -1,340.76% 85.99%
NOPAT Q/Q Growth		 -171.62% 341.74% -108.28% 446.53% -126.84% -6,731.14% 89.40% -329.49% 165.82% -1,512.80% 86.23%
Net Income Q/Q Growth		 -193.90% -86.76% -27.87% 36.84% -75.63% 484.54% -120.34% -24.96% 43.55% 62.25% -283.21%
EPS Q/Q Growth		 -190.00% 12.35% -119.72% 41.03% -80.43% 446.99% -122.92% -25.76% 43.98% 109.68% -1,555.56%
Operating Cash Flow Q/Q Growth		 42.24% -41.58% -10.81% -86.35% 48.89% 80.61% -201.48% -70.79% 10.74% 81.21% -717.23%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00% 0.50% 43.18% -3,290.41% 92.31% -413.24% -56.39% -234.94% 42.47%
Invested Capital Q/Q Growth		 0.00% 0.00% 150.04% 141.66% -81.41% 1,108.42% -85.30% 324.04% 18.21% 69.24% -21.67%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 0.00% 10,900,437.50% 0.00% 100.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
EBITDA Margin		 0.00% 96,941,012.50% 0.00% 205.43% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Margin		 0.00% 99,689,037.50% 0.00% 175.58% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
EBIT Margin		 0.00% 99,689,037.50% 0.00% 200.20% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Profit (Net Income) Margin		 0.00% -74,384,200.00% 0.00% -368.72% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Tax Burden Percent		 102.04% 95.87% 100.00% 100.04% 100.00% 98.72% 115.24% 115.50% 129.78% 342.60% 119.69%
Interest Burden Percent		 94.66% -77.83% 2,359.21% -184.09% 2,518.65% 319.00% 134.29% 432.84% -253.07% 2.92% 228.32%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 0.00% 509,261,287.64% 0.00% 91.41% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 509,261,319.03% 0.00% 135.52% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Net Nonoperating Assets (RNNOA)		 0.00% -501,346,079.74% 0.00% -120.93% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Equity (ROE)		 0.00% 7,915,207.89% 0.00% -29.52% 0.00% 21.60% 25.09% 0.00% 0.00% -32.55% -34.74%
Cash Return on Invested Capital (CROIC)		 0.00% 776.03% 0.00% 0.00% 0.00% -843.47% -2,442.44% -46.27% -118.65% -160.45% -392.62%
Operating Return on Assets (OROA)		 0.00% 12,287,636.65% 0.00% 6.92% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Assets (ROA)		 0.00% -9,168,571.04% 0.00% -12.75% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Common Equity (ROCE)		 0.00% 7,852,870.94% 0.00% -29.91% 0.00% 21.62% 25.18% 0.00% 0.00% -32.60% -34.80%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 0.00% -39.54% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 -2.31 5.58 -0.46 1.60 -0.43 -29 -3.11 -1.33 0.88 -12 -1.70
NOPAT Margin		 0.00% 69,782,326.25% 0.00% 122.90% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Nonoperating Expense Percent (NNEP)		 0.00% -31.39% -44.57% -44.11% -58.19% 124.98% -7.13% -16.11% -13.60% 18.79% -8.80%
Return On Investment Capital (ROIC_SIMPLE)		 - 14.96% -1.38% 4.92% -1.53% -41.92% -4.65% -2.15% 1.47% -20.42% -3.03%
Cost of Revenue to Revenue		 0.00% -10,900,337.50% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 0.00% 16,205,125.00% 0.00% 116.59% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
R&D to Revenue		 0.00% 5,763,537.50% 0.00% 18.21% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 0.00% 103,206,825.00% 0.00% 562.20% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings before Interest and Taxes (EBIT)		 -3.30 7.98 -0.32 2.61 -0.34 10 -4.27 -1.65 1.42 -18 -2.47
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -3.25 7.76 -0.26 2.68 -0.42 10 -4.26 -1.64 1.42 -18 -2.46
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.00 0.00 2.82 0.97 1.12 0.44 0.91 0.36 0.28 0.27 0.54
Price to Tangible Book Value (P/TBV)		 0.00 0.00 2.82 0.97 1.12 0.44 0.91 0.36 0.28 0.27 0.54
Price to Revenue (P/Rev)		 0.00 0.00 22.51 24.65 24.98 0.00 0.00 7.25 5.45 0.00 0.00
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 2.67 4.98 2.66 1.46 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 37.48% 20.10% 37.63% 68.62% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00 43.41 0.76 6.47 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Revenue (EV/Rev)		 0.00 0.00 14.87 2.04 3.23 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 8.11 0.41 0.50 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 8.35 0.42 0.47 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 11.92 0.60 0.67 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Financial Leverage		 0.00 -0.98 -0.96 -0.89 -0.98 -0.92 -0.97 -0.91 -0.93 -0.86 -0.93
Leverage Ratio		 0.00 1.14 1.22 1.16 1.21 1.07 1.09 1.07 1.09 1.04 1.02
Compound Leverage Factor		 0.00 -0.88 28.81 -2.13 30.57 3.41 1.46 4.64 -2.76 0.03 2.34
Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.02% -0.73% -1.31% -2.89% -0.13% -0.16% -0.17% -0.18% -0.18% -0.20%
Common Equity to Total Capital		 0.00% 99.98% 100.73% 101.31% 102.89% 100.13% 100.16% 100.17% 100.18% 100.18% 100.20%
Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Altman Z-Score		 0.00 0.00 7.37 3.85 2.63 10.68 22.45 7.67 5.33 2.07 14.33
Noncontrolling Interest Sharing Ratio		 0.00% 0.79% 0.00% -1.31% 0.00% -0.08% -0.35% 0.00% 0.00% -0.15% -0.18%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 0.00 7.37 4.31 13.65 6.11 53.07 36.79 50.54 40.76 38.09 31.53
Quick Ratio		 0.00 7.06 4.12 13.38 6.00 51.77 35.92 49.46 40.09 36.89 30.56
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 0.00 0.00 -1.91 -1.90 -1.08 -37 -2.82 -2.73 -4.27 -14 -8.24
Operating Cash Flow to CapEx		 -461.61% -2,451.76% -1,578.11% -13,329.74% 0.00% 0.00% 0.00% 0.00% -7,467.95% -1,545.09% -4,268.12%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.00 0.12 0.10 0.03 0.08 0.00 0.00 0.06 0.06 0.00 0.00
Accounts Receivable Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 0.00 5.68 4.47 1.43 0.00 0.00 0.00 6.18 6.54 0.00 0.00
Accounts Payable Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Sales Outstanding (DSO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Cash Conversion Cycle (CCC)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 0.00 0.58 1.45 3.50 0.65 7.87 1.16 4.91 5.80 9.82 7.69
Invested Capital Turnover		 0.00 7.30 5.84 0.74 4.00 0.00 0.00 0.73 0.95 0.00 0.00
Increase / (Decrease) in Invested Capital		 0.00 0.00 1.45 3.50 0.65 7.29 -0.29 1.40 5.15 1.95 6.53
Enterprise Value (EV)		 0.00 0.00 63 2.65 4.21 -31 -4.64 -35 -37 -34 -18
Market Capitalization		 0.00 0.00 95 32 33 31 61 22 17 17 31
Book Value per Share		 $0.00 $4.61 $3.63 $7.68 $6.75 $14.17 $13.55 $12.50 $12.07 $11.81 $10.96
Tangible Book Value per Share		 $0.00 $4.61 $3.63 $7.68 $6.75 $14.17 $13.55 $12.50 $12.07 $11.81 $10.96
Total Capital		 0.00 37 34 33 28 70 67 62 60 61 56
Total Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Long-Term Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt		 0.00 -37 -32 -29 -28 -62 -66 -57 -54 -51 -49
Capital Expenditures (CapEx)		 0.31 0.08 0.14 0.03 -0.07 -0.65 0.00 0.00 0.03 0.02 0.07
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 0.00 -1.16 -2.05 -1.29 -3.28 0.18 0.01 0.60 0.34 0.21 0.20
Debt-free Net Working Capital (DFNWC)		 0.00 11 8.44 23 19 21 20 18 15 13 12
Net Working Capital (NWC)		 0.00 11 8.44 23 19 21 20 18 15 13 12
Net Nonoperating Expense (NNE)		 0.88 12 7.15 6.41 8.01 -62 3.49 6.92 5.53 -11 5.03
Net Nonoperating Obligations (NNO)		 0.00 -37 -32 -29 -28 -62 -66 -57 -54 -51 -49
Total Depreciation and Amortization (D&A)		 0.05 -0.22 0.06 0.07 -0.09 0.10 0.01 0.01 0.01 0.01 0.01
Debt-free, Cash-free Net Working Capital to Revenue		 0.00% -27.39% -48.52% -99.06% -251.75% 0.00% 0.00% 19.64% 11.22% 0.00% 0.00%
Debt-free Net Working Capital to Revenue		 0.00% 253.29% 199.33% 1,727.63% 1,455.04% 0.00% 0.00% 578.65% 504.91% 0.00% 0.00%
Net Working Capital to Revenue		 0.00% 253.29% 199.33% 1,727.63% 1,455.04% 0.00% 0.00% 578.65% 504.91% 0.00% 0.00%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.00 ($1.38) ($1.56) ($0.92) ($1.66) $6.63 ($1.32) ($1.66) ($0.93) ($0.33) ($1.31)
Adjusted Weighted Average Basic Shares Outstanding		 0.00 8.10M 9.30M 9.30M 9.30M 9.42M 9.95M 9.95M 10.05M 10.02M 10.24M
Adjusted Diluted Earnings per Share		 $0.00 ($0.71) ($1.56) ($0.92) ($1.66) $5.76 ($1.32) ($1.66) ($0.93) $0.09 ($1.31)
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 13.82M 9.30M 9.30M 9.30M 14.46M 9.95M 9.95M 10.05M 11.15M 10.24M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 9.30M 4.30M 4.30M 4.95M 9.95M 4.95M 4.95M 5.14M 10.30M 5.44M
Normalized Net Operating Profit after Tax (NOPAT)		 -2.31 5.58 -0.46 1.60 -0.43 -21 -3.11 -1.33 0.88 -12 -1.70
Normalized NOPAT Margin		 0.00% 69,782,326.25% 0.00% 122.90% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Pre Tax Income Margin		 0.00% -77,587,012.50% 0.00% -368.55% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% -0.90% 0.00% 0.00% 0.00% -0.59% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 0.00% -0.90% 0.00% 0.00% 0.00% -0.59% 0.00% 0.00% 0.00% 0.00% 0.00%

Financials Breakdown Chart

Key Financial Trends

MDB Capital Holdings (NASDAQ: MDBH) showed a sharp deterioration in operating performance in Q1 2026 after a mixed 2025. The company reported no revenue, a sizable quarterly loss, and continued negative operating cash flow, although it still ended the quarter with a relatively strong cash and investment position.

  • Cash and equivalents were $12.2 million at the end of Q1 2026, and the company also held $36.3 million in long-term investments, giving it meaningful liquidity.
  • Total assets were $57.5 million versus only $1.24 million in total liabilities, indicating a very conservative balance sheet with limited leverage.
  • Operating cash burn improved versus earlier 2025 quarters, with Q1 2026 operating cash flow at negative $2.9 million compared with much deeper losses in several prior periods.
  • The company generated a positive $5.7 million in non-cash adjustments in Q1 2026, suggesting some of the reported loss was offset by non-cash items.
  • Capital spending was minimal, with only $69,000 spent on property and equipment in Q1 2026.
  • MDBH remains highly dependent on investment income and other non-operating items, since revenue was $0 in Q1 2026.
  • Interest and investment income was negative in Q1 2026, while other income items also remained volatile, making earnings quality less predictable.
  • The company posted a net loss of $6.7 million in Q1 2026, or $1.31 per share, underscoring continued unprofitability.
  • Operating expenses remained high relative to the business’s revenue base, with $4.65 million in SG&A and additional other operating expense pressure.
  • The cash balance fell by about $3.0 million during the quarter, showing that the business is still consuming liquidity rather than building it.

Looking at the broader trend, MDBH’s results have been extremely volatile over the last year. Q4 2024 showed a large profit driven by investment-related gains, but subsequent quarters swung back to substantial losses. In 2025 and early 2026, revenue stayed at or near zero while operating losses and cash outflows persisted.

From an investor’s perspective, the key takeaway is that MDBH appears to have a strong balance sheet but weak core operating momentum. The company has enough assets and liquidity to support operations for now, but sustained losses and dependence on non-operating gains remain major risks.

07/18/26 07:25 AM ETAI Generated. May Contain Errors.

MDB Capital Financials - Frequently Asked Questions

According to the most recent income statement we have on file, MDB Capital's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

MDB Capital's net income appears to be on an upward trend, with a most recent value of -$21.27 million in 2025, rising from -$5.88 million in 2022. The previous period was $11.60 million in 2024. See where experts think MDB Capital is headed by visiting MDB Capital's forecast page.

MDB Capital's total operating income in 2025 was -$17.49 million, based on the following breakdown:
  • Total Gross Profit: $0.00
  • Total Operating Expenses: $17.49 million

Over the last 3 years, MDB Capital's total revenue changed from -$7.00 in 2022 to $0.00 in 2025, a change of -100.0%.

MDB Capital's total liabilities were at $3.16 million at the end of 2025, a 66.1% increase from 2024, and a 21.9% increase since 2022.

In the past 3 years, MDB Capital's cash and equivalents has ranged from $4.95 million in 2022 to $20.44 million in 2024, and is currently $13.22 million as of their latest financial filing in 2025.

Over the last 3 years, MDB Capital's book value per share changed from 3.47 in 2022 to 11.81 in 2025, a change of 240.3%.


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Financial statements for NASDAQ:MDBH last updated on 7/16/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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Gold is hitting new highs, fueled by tariffs and record central bank demand - 710 tonnes per quarter. JPMorgan...
Investors Alley | Sponsoredtc pixel
Buy this stock today
Marc Chaikin, founder of Chaikin Analytics, is sharing a strategy he calls 'Sell This, Buy That' - a way to mo...
Chaikin Analytics | Sponsoredtc pixel
Elon’s message for America
Elon Musk bought Super Bowl ad time at $266,000 per second - something he has never done before. 125 million A...
Stansberry Research | Sponsoredtc pixel
The REAL Reason Trump is Invading Iran
For a moment… Forget about Trump’s ties to Israel. Forget about reports of Iran’s nuclear program. Be...
Banyan Hill Publishing | Sponsoredtc pixel
The only metrics you should watch as a day trader.
Day traders and swing traders don't need the same metrics - and using the wrong ones costs you edge. After 40 ...
The TradingPub | Sponsoredtc pixel
Ex-CIA Insider: “Prepare for a Mid-Term Meltdown”
Former CIA and Pentagon advisor Jim Rickards - who correctly called the 2008 recession, Trump's 2016 election,...
Paradigm Press | Sponsoredtc pixel
SPCX Warning - and Worst News for Stocks in 50 Years
Goldman Sachs and Morgan Stanley are now predicting what could be the worst news for the U.S. stock market in ...
TradeSmith | Sponsoredtc pixel