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Mercurity Fintech (MFH) Financials

Mercurity Fintech logo
$10.49 +2.20 (+26.54%)
As of 05/18/2026
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Annual Income Statements for Mercurity Fintech

Annual Income Statements for Mercurity Fintech

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

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 -96 -25 -162 -123 -1.23 -1.65 -22 -5.63 -9.36 -4.53 -5.10
Consolidated Net Income / (Loss)		 -94 -25 -162 -123 -1.23 -0.69 -22 -5.63 -9.36 -4.53 -5.10
Net Income / (Loss) Continuing Operations		 -105 -25 -1.44 -1.81 0.77 -0.69 -13 -5.63 -9.36 -1.92 -2.29
Total Pre-Tax Income 		-106 -28 -1.44 -1.81 0.77 -0.69 -13 -5.88 -9.45 -1.58 -2.38
Total Operating Income		 -106 -28 -1.44 -1.81 0.74 -0.67 -13 -5.89 -8.50 -2.00 -3.77
Total Gross Profit		 -1.74 0.34 0.00 0.00 1.48 1.32 -0.03 -0.52 -0.98 0.23 1.20
Total Revenue		 11 73 0.00 0.00 1.74 1.40 0.67 0.86 0.45 0.49 1.87
Operating Revenue		 11 73 - 0.00 1.74 1.40 0.67 0.86 0.45 0.49 1.87
Total Cost of Revenue		 13 73 0.00 0.00 0.26 0.08 0.70 1.38 1.42 0.26 0.67
Operating Cost of Revenue		 13 73 0.00 0.00 0.26 0.08 0.70 1.38 1.42 0.26 0.67
Total Operating Expenses		 104 28 129 1.81 0.74 1.99 13 5.37 7.52 2.24 4.97
Selling, General & Admin Expense		 13 7.53 1.44 1.81 0.74 1.16 10 2.16 2.52 2.09 4.16
Marketing Expense		 5.36 20 - - - 0.00 0.00 0.04 0.45 0.10 0.16
Research & Development Expense		 - - - - - - - - - 0.00 0.15
Other Operating Expenses / (Income)		 - - - - - - 1.75 0.00 0.00 0.05 0.51
Total Other Income / (Expense), net		 0.05 0.07 0.00 0.00 0.03 -0.02 0.00 0.00 -0.95 0.42 1.40
Interest Expense		 -0.01 -0.03 0.00 -0.00 0.00 -0.01 -0.00 -0.01 0.20 -0.20 -0.48
Interest & Investment Income		 - - - - - - 0.00 0.00 -0.23 0.21 -0.09
Other Income / (Expense), net		 0.05 0.04 0.00 0.00 0.03 -0.03 -0.00 -0.00 -0.53 0.00 1.01
Income Tax Expense		 -1.25 -2.23 0.00 0.00 0.00 0.00 0.00 -0.25 -0.09 0.34 -0.08
Net Income / (Loss) Discontinued Operations		 11 - - -121 -1.99 - -8.36 - - -2.62 -2.80
Basic Earnings per Share		 ($0.09) ($0.02) ($0.11) ($0.08) $0.00 ($0.25) ($2.23) ($0.39) ($0.20) ($0.07) ($0.08)
Weighted Average Basic Shares Outstanding		 1.00B 1.47B 0.00 1.48B 1.72B 6.69M 9.72M 14.44M 45.84M 60.85M 66.04M
Diluted Earnings per Share		 ($0.09) ($0.02) ($0.11) ($0.08) $0.00 ($0.25) ($2.23) ($0.39) ($0.20) ($0.07) ($0.08)
Weighted Average Diluted Shares Outstanding		 1.00B 1.47B 0.00 1.48B 1.72B 6.69M 9.72M 14.44M 45.84M 60.85M 66.04M
Weighted Average Basic & Diluted Shares Outstanding		 43.78M 0.00 0.00 1.48B 2.11B 2.98B 5.14B - 60.82M 62.30M 79.41M

Quarterly Income Statements for Mercurity Fintech

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

Metric Q1 2025 Q1 2026
Period end date 3/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 -1.30 -1.35
Consolidated Net Income / (Loss)		 -1.30 -1.35
Net Income / (Loss) Continuing Operations		 -0.70 -1.09
Total Pre-Tax Income 		-0.80 -1.12
Total Operating Income		 -0.85 -1.31
Total Gross Profit		 -0.04 0.22
Total Revenue		 0.03 0.51
Operating Revenue		 0.03 0.51
Total Cost of Revenue		 0.07 0.29
Operating Cost of Revenue		 0.07 0.29
Other Cost of Revenue		 0.00 -0.00
Total Operating Expenses		 0.81 1.53
Selling, General & Admin Expense		 0.71 1.14
Marketing Expense		 0.03 0.02
Research & Development Expense		 0.00 0.08
Other Operating Expenses / (Income)		 0.07 0.28
Total Other Income / (Expense), net		 0.05 0.19
Interest Expense		 -0.05 -0.25
Interest & Investment Income		 0.00 -0.06
Other Income / (Expense), net		 0.00 -0.00
Income Tax Expense		 -0.10 -0.03
Net Income / (Loss) Discontinued Operations		 -0.60 -0.27
Basic Earnings per Share		 ($0.02) ($0.02)
Weighted Average Basic Shares Outstanding		 63.44M 73.81M
Diluted Earnings per Share		 ($0.02) ($0.02)
Weighted Average Diluted Shares Outstanding		 63.44M 73.81M
Weighted Average Basic & Diluted Shares Outstanding		 - 79.44M

Annual Cash Flow Statements for Mercurity Fintech

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

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 9.51 -8.55 129 -4.56 0.08 -2.22 0.27 7.10 8.67 7.80 9.81
Net Cash From Operating Activities		 -34 -5.83 -9.87 -4.33 -0.64 -0.61 -1.41 -1.55 -2.79 -3.57 -2.41
Net Cash From Continuing Operating Activities		 -11 -5.83 -0.91 -1.19 -0.38 0.35 -1.02 -1.55 -2.79 -3.19 -1.88
Net Income / (Loss) Continuing Operations		 -105 -25 -1.44 -1.81 0.77 -0.69 -13 -5.63 -9.36 -1.92 -2.29
Consolidated Net Income / (Loss)		 -94 -25 -162 -123 -1.23 -1.65 -22 -5.63 -9.36 -4.53 -5.10
Net Income / (Loss) Discontinued Operations		 11 - -160 -121 -1.99 0.96 -8.36 - - -2.62 -2.80
Depreciation Expense		 4.95 0.00 - - - 0.00 0.00 0.03 0.90 0.00 0.00
Non-Cash Adjustments To Reconcile Net Income		 87 0.00 127 0.00 -0.01 1.11 11 2.96 5.49 0.02 0.60
Changes in Operating Assets and Liabilities, net		 2.41 0.00 0.53 0.62 -1.14 -0.07 1.23 1.10 0.18 -1.30 -0.19
Net Cash From Discontinued Operating Activities		 -23 - -8.96 -3.14 -0.26 -0.96 -0.39 - - -0.38 -0.53
Net Cash From Investing Activities		 -12 -2.58 -0.74 -0.01 0.59 0.00 0.00 0.94 -7.84 3.79 -1.17
Net Cash From Continuing Investing Activities		 -9.90 -2.58 0.00 0.00 0.52 0.00 0.00 0.94 -7.84 3.79 -1.67
Purchase of Property, Plant & Equipment		 -0.09 -1.86 - - - 0.00 0.00 -0.01 -0.12 -0.00 0.00
Purchase of Investments		 0.00 -0.72 - - - 0.00 0.00 -0.03 -8.20 -0.36 -2.18
Sale and/or Maturity of Investments		 - - - - - - 0.00 0.00 3.48 2.16 0.99
Other Investing Activities, net		 - - - - - - 0.00 - -3.00 2.00 -0.48
Net Cash From Discontinued Investing Activities		 -2.00 - -0.74 -0.01 0.07 0.00 0.00 - - 0.00 0.50
Net Cash From Financing Activities		 55 0.00 13 1.69 0.00 0.30 1.68 7.72 19 7.58 13
Net Cash From Continuing Financing Activities		 53 0.00 0.00 0.00 0.00 0.30 1.56 7.72 19 7.58 13
Repayment of Debt		 - - - - 0.00 0.00 -0.09 -0.58 -0.70 -0.93 -0.41
Issuance of Debt		 0.00 0.00 - - 0.00 0.00 0.94 0.40 9.00 -1.50 -4.00
Issuance of Common Equity		 55 - - 0.00 0.00 0.30 0.71 7.90 11 10 18
Net Cash From Discontinued Financing Activities		 1.96 - 13 1.69 0.00 0.00 0.12 0.00 0.00 0.00 0.00
Effect of Exchange Rate Changes		 0.05 -0.14 - -1.90 0.13 - 0.00 -0.01 -0.00 0.00 -0.00
Cash Interest Paid		 0.00 0.00 0.15 0.35 0.21 0.00 0.00 0.00 0.00 0.00 0.38
Cash Income Taxes Paid		 - - - - - - - - - 0.00 0.00

Quarterly Cash Flow Statements for Mercurity Fintech

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

Metric Q1 2025 Q1 2026
Period end date 3/31/2025 3/31/2026
Net Change in Cash & Equivalents		 1.93 2.90
Net Cash From Operating Activities		 -0.80 -0.80
Net Cash From Continuing Operating Activities		 -0.74 -0.68
Net Income / (Loss) Continuing Operations		 -0.70 -1.09
Consolidated Net Income / (Loss)		 -1.30 -1.35
Net Income / (Loss) Discontinued Operations		 -0.60 -0.27
Depreciation Expense		 0.13 0.00
Non-Cash Adjustments To Reconcile Net Income		 0.16 0.77
Changes in Operating Assets and Liabilities, net		 -0.33 -0.37
Net Cash From Discontinued Operating Activities		 -0.06 -0.12
Net Cash From Investing Activities		 -0.94 -0.14
Net Cash From Continuing Investing Activities		 -0.94 -0.14
Purchase of Property, Plant & Equipment		 0.00 -0.01
Purchase of Investments		 -0.94 -0.00
Sale and/or Maturity of Investments		 0.01 0.00
Other Investing Activities, net		 0.00 -0.13
Net Cash From Discontinued Investing Activities		 0.00 0.00
Net Cash From Financing Activities		 3.67 3.84
Net Cash From Continuing Financing Activities		 3.67 3.84
Repayment of Debt		 -0.38 0.00
Issuance of Debt		 -4.00 0.00
Issuance of Common Equity		 8.04 3.84
Net Cash From Discontinued Financing Activities		 0.00 0.00
Effect of Exchange Rate Changes		 0.00 0.00

Annual Balance Sheets for Mercurity Fintech

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

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 343 274 134 5.02 8.87 11 9.02 19 30 36 47
Total Current Assets		 41 13 12 4.62 2.13 2.47 1.74 7.52 24 30 45
Cash & Equivalents		 11 2.60 0.02 0.00 0.44 0.17 0.44 7.45 16 24 34
Short-Term Investments		 - - - - - - - 0.00 2.32 0.96 2.24
Note & Lease Receivable		 - - - - - - - 0.00 0.01 0.00 0.04
Accounts Receivable		 4.55 1.86 0.00 0.00 1.69 2.19 0.00 0.03 0.00 0.00 0.30
Prepaid Expenses		 25 8.68 0.16 0.00 0.01 0.10 1.30 0.01 5.21 3.27 2.25
Other Current Assets		 - - - - - - - 0.03 0.03 - 4.16
Other Current Nonoperating Assets		 - - 12 4.62 0.00 0.00 0.00 - - 1.79 2.37
Plant, Property, & Equipment, net		 0.48 1.98 0.00 0.00 0.00 0.00 0.00 5.96 4.76 0.01 0.01
Total Noncurrent Assets		 301 259 122 0.41 6.74 8.49 7.28 5.42 1.94 5.50 1.41
Long-Term Investments		 0.00 0.72 - - - - - 0.00 0.16 - 0.12
Intangible Assets		 51 36 0.00 0.00 1.21 0.38 7.28 4.23 0.71 0.12 0.12
Noncurrent Deferred & Refundable Income Taxes		 0.00 0.22 0.00 0.00 0.00 0.00 0.00 0.25 0.34 0.03 0.11
Other Noncurrent Operating Assets		 0.00 0.15 - - - - 0.00 0.93 0.73 0.24 1.05
Total Liabilities & Shareholders' Equity		 343 274 134 5.02 8.87 11 9.02 19 30 36 47
Total Liabilities		 38 26 31 27 0.84 0.71 1.37 2.06 13 12 2.56
Total Current Liabilities		 25 15 21 20 0.84 0.71 1.37 1.43 12 12 1.76
Accrued Expenses		 20 9.03 0.33 0.90 0.84 0.68 0.22 0.24 1.59 0.41 0.80
Current Deferred Revenue		 0.83 2.28 - - - - - - - 0.00 0.23
Other Current Liabilities		 0.32 1.71 - 0.00 0.00 0.03 0.00 1.19 10 1.19 0.27
Other Current Nonoperating Liabilities		 - - 21 19 0.00 0.00 0.03 0.00 0.42 2.48 0.46
Total Noncurrent Liabilities		 13 10 9.79 6.92 0.00 0.00 0.00 0.63 0.28 0.03 0.81
Noncurrent Deferred & Payable Income Tax Liabilities		 13 9.07 0.00 0.00 0.00 0.00 - - 0.00 0.03 0.03
Other Noncurrent Operating Liabilities		 0.50 1.35 0.15 0.03 0.00 0.00 0.00 0.63 0.28 0.00 0.78
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 305 248 104 -22 8.03 10 7.65 17 18 24 44
Total Preferred & Common Equity		 305 248 104 -22 8.03 10 7.65 17 18 24 44
Total Common Equity		 305 248 104 -22 8.03 10 7.65 17 18 24 44
Common Stock		 630 633 634 634 645 649 668 683 693 703 729
Retained Earnings		 -327 -352 -514 -637 -638 -640 -662 -667 -677 -680 -686
Accumulated Other Comprehensive Income / (Loss)		 0.91 -33 -17 -19 1.05 1.10 1.10 1.16 1.17 1.19 1.08

Quarterly Balance Sheets for Mercurity Fintech

This table presents Mercurity Fintech'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 2026
Period end date 3/31/2026
Total Assets		 50
Total Current Assets		 48
Cash & Equivalents		 37
Short-Term Investments		 3.18
Note & Lease Receivable		 0.10
Accounts Receivable		 0.17
Prepaid Expenses		 2.23
Other Current Assets		 3.84
Other Current Nonoperating Assets		 2.04
Plant, Property, & Equipment, net		 0.02
Total Noncurrent Assets		 1.36
Long-Term Investments		 0.12
Intangible Assets		 0.12
Noncurrent Deferred & Refundable Income Taxes		 0.15
Other Noncurrent Operating Assets		 0.97
Total Liabilities & Shareholders' Equity		 50
Total Liabilities		 2.70
Total Current Liabilities		 1.98
Accrued Expenses		 0.41
Current Deferred Revenue		 0.95
Other Current Liabilities		 0.34
Other Current Nonoperating Liabilities		 0.28
Total Noncurrent Liabilities		 0.72
Noncurrent Deferred & Payable Income Tax Liabilities		 0.03
Other Noncurrent Operating Liabilities		 0.69
Commitments & Contingencies		 0.00
Total Equity & Noncontrolling Interests		 47
Total Preferred & Common Equity		 47
Total Common Equity		 47
Common Stock		 733
Retained Earnings		 -687
Accumulated Other Comprehensive Income / (Loss)		 1.08

Annual Metrics And Ratios for Mercurity Fintech

This table displays calculated financial ratios and metrics derived from Mercurity Fintech's official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding		 - 1,475,645,946.00 1,475,307,852.00 1,476,208,670.00 2,108,869,528.00 2,978,928,849.00 5,143,716,027.00 5,143,716,027.00 60,819,897.00 62,299,897.00 62,299,897.00
DEI Adjusted Shares Outstanding		 - 73,782,297.00 73,765,393.00 738,104,335.00 1,054,434,764.00 2,978,928,849.00 5,143,716,027.00 5,143,716,027.00 60,819,897.00 62,299,897.00 62,299,897.00
DEI Earnings Per Adjusted Shares Outstanding		 - -0.34 -2.19 -0.17 0.00 0.00 0.00 0.00 -0.15 -0.07 -0.08
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 0.00% 537.78% -100.00% 0.00% 0.00% -19.32% -52.21% 28.84% -48.35% 10.79% 277.93%
EBITDA Growth		 -2,235.14% 72.71% 94.77% -25.57% 142.42% -191.40% -1,797.40% 55.96% -38.69% 75.45% -38.37%
EBIT Growth		 -2,349.62% 73.98% 94.77% -25.57% 142.42% -191.40% -1,797.40% 55.74% -53.27% 77.86% -38.32%
NOPAT Growth		 -2,350.69% 73.96% 94.78% -25.57% 158.48% -163.22% -1,889.68% 55.77% -44.42% 76.46% -88.53%
Net Income Growth		 -113.29% 72.97% -540.09% 23.88% 99.01% 43.42% -3,024.93% 73.99% -66.06% 51.54% -12.43%
EPS Growth		 67.86% 145.94% -540.09% 23.88% 99.01% 0.00% -792.00% 82.51% 48.72% 65.00% -14.29%
Operating Cash Flow Growth		 -4.92% 165.25% -69.47% 56.13% 85.12% 6.00% -132.86% -9.95% -79.80% -28.14% 32.58%
Free Cash Flow Firm Growth		 -389.50% 107.93% 738.54% -100.27% -1,099.12% 62.16% -119.59% 3.12% 160.21% -200.30% -72.64%
Invested Capital Growth		 129,145.47% -33.02% -100.13% -199.13% 920.12% 32.61% -28.22% 29.70% -103.64% 698.69% 190.59%
Revenue Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
EBITDA Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
EBIT Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
NOPAT Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Income Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
EPS Q/Q Growth		 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 Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Invested Capital Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 -15.18% 0.47% 0.00% 0.00% 85.21% 94.36% -4.85% -59.90% -219.40% 47.45% 64.31%
EBITDA Margin		 -879.58% -37.64% 0.00% 0.00% 44.15% -50.01% -1,985.53% -678.66% -1,822.43% -403.90% -147.88%
Operating Margin		 -923.10% -37.69% 0.00% 0.00% 42.60% -47.69% -1,985.51% -681.62% -1,906.00% -405.00% -202.04%
EBIT Margin		 -922.70% -37.64% 0.00% 0.00% 44.15% -50.01% -1,985.53% -682.02% -2,024.03% -404.41% -148.01%
Profit (Net Income) Margin		 -815.25% -34.55% 0.00% 0.00% -70.50% -49.44% -3,232.86% -652.62% -2,098.36% -917.85% -273.04%
Tax Burden Percent		 88.36% 91.89% 11,239.27% 6,813.54% -159.69% 100.00% 162.83% 95.77% 99.04% 286.73% 214.63%
Interest Burden Percent		 99.99% 99.91% 100.00% 100.00% 100.00% 98.86% 99.99% 99.91% 104.68% 79.15% 85.95%
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)		 -50.49% -7.17% 0.00% 0.00% 22.19% -5.30% -107.61% -49.59% -131.61% -164.58% -66.17%
ROIC Less NNEP Spread (ROIC-NNEP)		 -90.02% 75.42% 0.00% 0.00% 3.31% 68.53% 4,087.20% -11.04% -105.01% -148.99% -58.00%
Return on Net Nonoperating Assets (RNNOA)		 -45.20% -1.97% 0.00% 0.00% -4.88% -2.29% -134.46% 3.54% 77.62% 142.94% 51.20%
Return on Equity (ROE)		 -95.70% -9.15% -92.00% -302.94% 17.32% -7.58% -242.07% -46.04% -53.99% -21.63% -14.97%
Cash Return on Invested Capital (CROIC)		 -250.18% 21.64% 0.00% 0.00% -102.45% -33.34% -74.75% -75.45% 0.00% -185.25% -163.76%
Operating Return on Assets (OROA)		 -58.33% -8.93% 0.00% 0.00% 11.04% -7.07% -133.19% -42.19% -36.62% -6.05% -6.72%
Return on Assets (ROA)		 -51.54% -8.20% 0.00% 0.00% -17.64% -6.99% -216.87% -40.38% -37.97% -13.72% -12.39%
Return on Common Equity (ROCE)		 -34.68% -18.29% -92.00% -302.94% 17.32% -7.58% -242.07% -46.04% -53.99% -21.63% -14.97%
Return on Equity Simple (ROE_SIMPLE)		 -30.71% -10.18% -156.35% 555.48% -15.25% -6.76% -283.30% -33.48% -52.47% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 -74 -19 -1.01 -1.27 0.74 -0.47 -9.31 -4.12 -5.95 -1.40 -2.64
NOPAT Margin		 -646.17% -26.39% 0.00% 0.00% 42.60% -33.38% -1,389.86% -477.14% -1,334.20% -283.50% -141.43%
Net Nonoperating Expense Percent (NNEP)		 39.52% -82.60% -300.21% -295.34% 18.88% -73.83% -4,194.81% -38.55% -26.60% -15.58% -8.17%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - -24.48% -33.36% -4.43% -6.00%
Cost of Revenue to Revenue		 115.18% 99.53% 0.00% 0.00% 14.79% 5.64% 104.85% 159.90% 319.40% 52.55% 35.69%
SG&A Expenses to Revenue		 112.50% 10.29% 0.00% 0.00% 42.61% 82.48% 1,544.58% 249.71% 564.06% 422.38% 222.84%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 7.89%
Operating Expenses to Revenue		 907.92% 38.16% 0.00% 0.00% 42.61% 142.05% 1,980.66% 621.73% 1,686.60% 452.46% 266.35%
Earnings before Interest and Taxes (EBIT)		 -106 -28 -1.44 -1.81 0.77 -0.70 -13 -5.89 -9.03 -2.00 -2.76
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -101 -28 -1.44 -1.81 0.77 -0.70 -13 -5.86 -8.13 -2.00 -2.76
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.19 1.12 0.73 0.00 1.08 2.22 4.78 2.17 1.87 3.65 1.45
Price to Tangible Book Value (P/TBV)		 104.25 0.00 0.73 0.00 6.67 12.89 98.72 2.90 1.95 3.66 1.46
Price to Revenue (P/Rev)		 31.50 3.79 0.00 0.00 4.97 16.20 54.49 42.30 74.98 177.78 34.23
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 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% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 1.19 1.12 0.00 0.00 1.08 2.24 4.99 3.10 0.00 34.48 4.67
Enterprise Value to Revenue (EV/Rev)		 30.53 3.74 0.00 0.00 4.72 16.07 53.84 33.67 33.27 142.62 14.85
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 10.70 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 10.70 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 11.09 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 9.41 0.31 0.00 0.00 0.00 0.00 0.00 3.93 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 0.31 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		 0.50 -0.03 -0.30 -1.02 -1.47 -0.03 -0.03 -0.32 -0.74 -0.96 -0.88
Leverage Ratio		 1.86 2.23 1.16 1.71 -0.98 1.08 1.12 1.14 1.42 1.58 1.21
Compound Leverage Factor		 1.86 1.11 1.16 1.71 -0.98 1.07 1.12 1.14 1.49 1.25 1.04
Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 23.74% 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% 23.74% 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% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 100.00% 200.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 76.26% 100.00%
Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -3.76 0.00
Net Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 8.71 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 -5.36 0.00
Net Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 12.40 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		 3.43 1,038,392.16 -4.00 -182.34 -93.88 -62.40 -91.48 -39.43 -30.09 -21.69 -4.67
Noncontrolling Interest Sharing Ratio		 63.76% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 1.65 0.88 0.58 0.23 2.55 3.49 1.27 5.26 1.93 2.61 25.71
Quick Ratio		 0.63 0.59 0.00 0.00 2.54 3.34 0.32 5.23 1.50 2.15 20.72
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -367 29 244 -0.65 -7.79 -2.95 -6.47 -6.27 3.77 -3.79 -6.53
Operating Cash Flow to CapEx		 -35,932.68% -626.39% 0.00% 0.00% 0.00% 0.00% 0.00% -21,480.99% -2,253.02% -136,890.73% 0.00%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 19.25 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 -14.23 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 -14.86 0.00 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.06 0.24 0.00 0.00 0.25 0.14 0.07 0.06 0.02 0.02 0.05
Accounts Receivable Turnover		 0.00 22.83 0.00 0.00 0.00 0.72 0.61 65.16 0.00 0.00 0.00
Inventory Turnover		 0.00 914.84 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 0.00 59.62 0.00 0.00 0.00 0.00 0.00 0.00 0.08 0.21 224.87
Accounts Payable Turnover		 0.00 48.32 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Sales Outstanding (DSO)		 0.00 15.99 0.00 0.00 0.00 505.53 597.76 5.60 0.00 0.00 0.00
Days Inventory Outstanding (DIO)		 0.00 0.80 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 0.00 30.22 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Cash Conversion Cycle (CCC)		 0.00 1.68 0.00 0.00 0.00 505.53 597.76 5.60 0.00 0.00 0.00
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 294 245 -0.31 -0.93 7.60 10 7.23 9.38 -0.34 2.04 5.94
Invested Capital Turnover		 0.08 0.27 0.00 0.00 0.52 0.16 0.08 0.10 0.10 0.58 0.47
Increase / (Decrease) in Invested Capital		 293 -48 -245 -0.62 8.53 2.48 -2.84 2.15 -9.72 2.38 3.89
Enterprise Value (EV)		 350 274 75 5.17 8.21 23 36 29 15 70 28
Market Capitalization		 362 277 75 5.17 8.65 23 37 37 33 88 64
Book Value per Share		 $0.65 $0.17 $0.07 ($0.02) $0.01 $0.00 $0.00 $0.00 $0.38 $0.40 $0.71
Tangible Book Value per Share		 $0.01 ($0.01) $0.07 ($0.02) $0.00 $0.00 $0.00 $0.00 $0.37 $0.39 $0.70
Total Capital		 305 248 104 -22 8.03 10 7.65 17 18 32 44
Total Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 7.50 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		 -11 -3.33 -0.02 -0.00 -0.44 -0.17 -0.44 -7.45 -19 -17 -36
Capital Expenditures (CapEx)		 0.09 1.86 0.00 0.00 0.00 0.00 0.00 0.01 0.12 0.00 0.00
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 4.98 -4.47 -8.77 -16 0.86 1.59 -0.07 -1.36 -7.02 1.23 7.36
Debt-free Net Working Capital (DFNWC)		 16 -1.86 -8.75 -16 1.30 1.76 0.37 6.09 11 26 43
Net Working Capital (NWC)		 16 -1.86 -8.75 -16 1.30 1.76 0.37 6.09 11 19 43
Net Nonoperating Expense (NNE)		 19 5.98 161 122 1.97 0.23 12 1.52 3.41 3.13 2.46
Net Nonoperating Obligations (NNO)		 -11 -3.33 -104 21 -0.44 -0.17 -0.41 -7.45 -18 -22 -38
Total Depreciation and Amortization (D&A)		 4.95 0.00 0.00 0.00 0.00 0.00 0.00 0.03 0.90 0.00 0.00
Debt-free, Cash-free Net Working Capital to Revenue		 43.40% -6.10% 0.00% 0.00% 49.60% 113.21% -10.55% -157.50% -1,574.58% 249.07% 394.13%
Debt-free Net Working Capital to Revenue		 140.56% -2.54% 0.00% 0.00% 74.64% 125.67% 55.20% 704.94% 2,559.98% 5,283.95% 2,325.70%
Net Working Capital to Revenue		 140.56% -2.54% 0.00% 0.00% 74.64% 125.67% 55.20% 704.94% 2,559.98% 3,765.81% 2,325.70%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($1.80) $0.00 ($2.20) ($0.16) $0.00 $0.00 $0.00 ($0.39) ($0.20) ($0.07) ($0.08)
Adjusted Weighted Average Basic Shares Outstanding		 50.09M 0.00 73.81M 738.40M 2.11B 2.68B 3.89B 14.44M 45.84M 60.85M 66.04M
Adjusted Diluted Earnings per Share		 ($1.80) $0.00 ($2.20) ($0.16) $0.00 $0.00 $0.00 ($0.39) ($0.20) ($0.07) ($0.08)
Adjusted Weighted Average Diluted Shares Outstanding		 50.09M 0.00 73.81M 738.40M 2.11B 2.68B 3.89B 14.44M 45.84M 60.85M 66.04M
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		 2.19M 0.00 0.00 738.10M 2.11B 2.98B 5.14B 0.00 60.82M 62.30M 79.41M
Normalized Net Operating Profit after Tax (NOPAT)		 -14 -19 88 -1.27 0.52 0.12 -8.49 -1.90 -2.76 -1.40 -2.64
Normalized NOPAT Margin		 -122.07% -52.77% 0.00% 0.00% 29.82% 8.32% -1,267.49% -219.81% -619.05% -283.50% -141.43%
Pre Tax Income Margin		 -922.63% -37.60% 0.00% 0.00% 44.15% -49.44% -1,985.37% -681.43% -2,118.72% -320.10% -127.22%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -46.04 0.00 0.00
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -30.35 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 -46.67 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 -30.98 0.00 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 -2.27% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Quarterly Metrics And Ratios for Mercurity Fintech

This table displays calculated financial ratios and metrics derived from Mercurity Fintech's official financial filings.

Metric Q1 2025 Q1 2026
Period end date 3/31/2025 3/31/2026
DEI Shares Outstanding		 62,299,897.00 79,409,800.00
DEI Adjusted Shares Outstanding		 62,299,897.00 79,409,800.00
DEI Earnings Per Adjusted Shares Outstanding		 -0.02 -0.02
Growth Metrics		 - -
Revenue Growth		 0.00% 1,924.92%
EBITDA Growth		 0.00% -79.89%
EBIT Growth		 0.00% -53.29%
NOPAT Growth		 0.00% -53.27%
Net Income Growth		 0.00% -3.92%
EPS Growth		 0.00% 0.00%
Operating Cash Flow Growth		 0.00% -0.40%
Free Cash Flow Firm Growth		 0.00% 0.00%
Invested Capital Growth		 0.00% 0.00%
Revenue Q/Q Growth		 0.00% 0.00%
EBITDA Q/Q Growth		 0.00% 0.00%
EBIT Q/Q Growth		 0.00% 0.00%
NOPAT Q/Q Growth		 0.00% 0.00%
Net Income Q/Q Growth		 0.00% 0.00%
EPS Q/Q Growth		 0.00% 0.00%
Operating Cash Flow Q/Q Growth		 0.00% 0.00%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00%
Invested Capital Q/Q Growth		 0.00% 0.00%
Profitability Metrics		 - -
Gross Margin		 -168.95% 42.96%
EBITDA Margin		 -2,899.91% -257.62%
Operating Margin		 -3,404.86% -257.73%
EBIT Margin		 -3,404.80% -257.75%
Profit (Net Income) Margin		 -5,192.41% -266.47%
Tax Burden Percent		 162.87% 120.82%
Interest Burden Percent		 93.63% 85.56%
Effective Tax Rate		 0.00% 0.00%
Return on Invested Capital (ROIC)		 0.00% -163.82%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% -161.73%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 143.91%
Return on Equity (ROE)		 0.00% -19.91%
Cash Return on Invested Capital (CROIC)		 0.00% 0.00%
Operating Return on Assets (OROA)		 0.00% -12.19%
Return on Assets (ROA)		 0.00% -12.61%
Return on Common Equity (ROCE)		 0.00% -19.91%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 -0.60 -0.92
NOPAT Margin		 -2,383.40% -180.41%
Net Nonoperating Expense Percent (NNEP)		 0.00% -2.09%
Return On Investment Capital (ROIC_SIMPLE)		 - -1.95%
Cost of Revenue to Revenue		 268.95% 56.83%
SG&A Expenses to Revenue		 2,846.29% 225.42%
R&D to Revenue		 0.00% 16.46%
Operating Expenses to Revenue		 3,235.91% 300.89%
Earnings before Interest and Taxes (EBIT)		 -0.85 -1.31
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -0.73 -1.31
Valuation Ratios		 - -
Price to Book Value (P/BV)		 0.00 1.09
Price to Tangible Book Value (P/TBV)		 0.00 1.09
Price to Revenue (P/Rev)		 0.00 21.78
Price to Earnings (P/E)		 0.00 0.00
Dividend Yield		 0.00% 0.00%
Earnings Yield		 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.00 2.16
Enterprise Value to Revenue (EV/Rev)		 0.00 4.75
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00
Leverage & Solvency		 - -
Debt to Equity		 0.00 0.00
Long-Term Debt to Equity		 0.00 0.00
Financial Leverage		 0.00 -0.89
Leverage Ratio		 0.00 1.06
Compound Leverage Factor		 0.00 0.90
Debt to Total Capital		 0.00% 0.00%
Short-Term Debt to Total Capital		 0.00% 0.00%
Long-Term Debt to Total Capital		 0.00% 0.00%
Preferred Equity to Total Capital		 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00%
Common Equity to Total Capital		 0.00% 100.00%
Debt to EBITDA		 0.00 0.00
Net Debt to EBITDA		 0.00 0.00
Long-Term Debt to EBITDA		 0.00 0.00
Debt to NOPAT		 0.00 0.00
Net Debt to NOPAT		 0.00 0.00
Long-Term Debt to NOPAT		 0.00 0.00
Altman Z-Score		 0.00 -6.90
Noncontrolling Interest Sharing Ratio		 0.00% 0.00%
Liquidity Ratios		 - -
Current Ratio		 0.00 24.40
Quick Ratio		 0.00 20.30
Cash Flow Metrics		 - -
Free Cash Flow to Firm (FCFF)		 0.00 -6.09
Operating Cash Flow to CapEx		 0.00% -7,085.68%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00
Efficiency Ratios		 - -
Asset Turnover		 0.00 0.05
Accounts Receivable Turnover		 0.00 14.13
Inventory Turnover		 0.00 0.00
Fixed Asset Turnover		 0.00 132.78
Accounts Payable Turnover		 0.00 0.00
Days Sales Outstanding (DSO)		 0.00 25.84
Days Inventory Outstanding (DIO)		 0.00 0.00
Days Payable Outstanding (DPO)		 0.00 0.00
Cash Conversion Cycle (CCC)		 0.00 25.84
Capital & Investment Metrics		 - -
Invested Capital		 0.00 5.17
Invested Capital Turnover		 0.00 0.91
Increase / (Decrease) in Invested Capital		 0.00 5.17
Enterprise Value (EV)		 0.00 11
Market Capitalization		 69 51
Book Value per Share		 $0.00 $0.59
Tangible Book Value per Share		 $0.00 $0.59
Total Capital		 0.00 47
Total Debt		 0.00 0.00
Total Long-Term Debt		 0.00 0.00
Net Debt		 0.00 -40
Capital Expenditures (CapEx)		 0.00 0.01
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 0.00 6.40
Debt-free Net Working Capital (DFNWC)		 0.00 46
Net Working Capital (NWC)		 0.00 46
Net Nonoperating Expense (NNE)		 0.70 0.44
Net Nonoperating Obligations (NNO)		 0.00 -42
Total Depreciation and Amortization (D&A)		 0.13 0.00
Debt-free, Cash-free Net Working Capital to Revenue		 0.00% 272.49%
Debt-free Net Working Capital to Revenue		 0.00% 1,970.75%
Net Working Capital to Revenue		 0.00% 1,970.75%
Earnings Adjustments		 - -
Adjusted Basic Earnings per Share		 $0.00 ($0.02)
Adjusted Weighted Average Basic Shares Outstanding		 0.00 73.81M
Adjusted Diluted Earnings per Share		 $0.00 ($0.02)
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 73.81M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 79.44M
Normalized Net Operating Profit after Tax (NOPAT)		 -0.60 -0.92
Normalized NOPAT Margin		 -2,383.40% -180.41%
Pre Tax Income Margin		 -3,188.00% -220.54%
Debt Service Ratios		 - -
EBIT to Interest Expense		 0.00 0.00
NOPAT to Interest Expense		 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00
Payout Ratios		 - -
Dividend Payout Ratio		 0.00% 0.00%
Augmented Payout Ratio		 0.00% 0.00%

Financials Breakdown Chart

Key Financial Trends

Mercurity Fintech’s Q1 2026 results show a company with a much stronger cash position, but still weak underlying profitability and heavy reliance on financing. Revenue rose sharply year over year, yet operating losses remained large and cash flow from operations was still negative. The balance sheet ended the quarter with substantial cash and liquid investments, which helps near-term flexibility, but the business is still not generating self-sustaining earnings.

  • Revenue grew dramatically year over year. Q1 2026 operating revenue was $507.5 thousand, up from just $25.1 thousand in Q1 2025.
  • Cash and equivalents improved meaningfully. The company ended Q1 2026 with $36.7 million in cash and equivalents, plus $3.2 million in short-term investments.
  • Total current assets were strong relative to liabilities. Current assets of $48.3 million far exceeded current liabilities of $2.0 million.
  • Liquidity cushion remains large. Total liabilities were only $2.7 million versus $49.7 million in total assets, leaving a very low leverage profile on the surface.
  • Financing activity added significant cash. The company raised $3.84 million from common equity issuance in Q1 2026, helping offset operating losses and investing outflows.
  • Gross profit was positive, but still modest. Q1 2026 gross profit came in at $218.0 thousand, which is better than the prior-year loss at gross profit level, but still not enough to cover overhead.
  • Shares outstanding increased. Weighted average basic shares rose to 73.8 million from 63.4 million a year ago, suggesting dilution pressure remains a factor.
  • Discontinued operations still weighed on results. Q1 2026 included a $265.8 thousand loss from discontinued operations, though this was smaller than the $597.7 thousand loss in Q1 2025.
  • Investing activity was limited. Net cash used in investing was $137.2 thousand, relatively small compared with financing inflows and cash on hand.
  • Operating losses remain substantial. Q1 2026 operating loss was $1.31 million, only slightly worse than the $853.4 thousand loss in Q1 2025 despite the revenue jump.
  • Cash burn from operations continued. Net cash used in operating activities was $803.2 thousand in Q1 2026, versus $800.1 thousand in Q1 2025.
  • Expenses are still far above revenue. Q1 2026 total operating expenses were $1.53 million, nearly three times revenue.
  • Net losses widened year over year. Consolidated net loss increased to $1.35 million from $1.30 million in Q1 2025.
  • Reliance on equity financing remains a concern. The quarter’s positive cash change was driven largely by share issuance rather than operating performance.

Bottom line: MFH entered Q1 2026 with a much healthier cash position and a much larger revenue base than a year ago, but the company is still not close to profitability. Investors will likely want to see operating expenses come under control and operating cash flow improve before the revenue growth story can translate into stronger fundamentals.

05/20/26 06:09 AM ETAI Generated. May Contain Errors.

Mercurity Fintech Financials - Frequently Asked Questions

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

Mercurity Fintech's net income appears to be on a downward trend, with a most recent value of -$5.10 million in 2025, falling from -$93.57 million in 2015. The previous period was -$4.53 million in 2024. Check out Mercurity Fintech's forecast to explore projected trends and price targets.

Mercurity Fintech's total operating income in 2025 was -$3.77 million, based on the following breakdown:
  • Total Gross Profit: $1.20 million
  • Total Operating Expenses: $4.97 million

Over the last 10 years, Mercurity Fintech's total revenue changed from $11.48 million in 2015 to $1.87 million in 2025, a change of -83.7%.

Mercurity Fintech's total liabilities were at $2.56 million at the end of 2025, a 77.9% decrease from 2024, and a 93.3% decrease since 2015.

In the past 10 years, Mercurity Fintech's cash and equivalents has ranged from $1.19 thousand in 2018 to $33.82 million in 2025, and is currently $33.82 million as of their latest financial filing in 2025.

Over the last 10 years, Mercurity Fintech's book value per share changed from 0.65 in 2015 to 0.71 in 2025, a change of 8.7%.


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Financial statements for NASDAQ:MFH last updated on 5/19/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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Iran's New Leader Just Said Something That Should Terrify Every American
Iran's Supreme Leader has declared the Strait of Hormuz closed as leverage against the U.S. - and with 40% of ...
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Your book attached
Veteran trader Bill Poulos is giving away his 'Simple Options Trading For Beginners' book - normally $29.97 - ...
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This Biotech Just Flipped From Story to Execution
Avai Bio (OTCQB: AVAI) has moved into production on its new Master Cell Bank, developed alongside Austrianova,...
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Distracted Americans set to miss out on quadrillions
Technology expert and Washington D.C. insider Jeff Brown - who identified Bitcoin, Tesla, and Nvidia early - s...
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SpaceX just filed. The clock is ticking.
Reuters reports Elon Musk filed secretly. Barron's says it's being finalized behind closed doors. CNBC just re...
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