Growth & profitability
- Revenue has declined 40.3% per year over the past 4 years.
Financial health
- Operating income covered interest expense -4.0× in the latest year.
MI Financials NFT Ltd
5 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
RevenueNet income
GrossOperatingNet
ROEROA
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key annual figures
| FY | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| 2025 | $725781 | -$1M | 73.5% | -148.1% | -1.4% | -1.3% | — | — | $3M |
| 2024 | $740701 | $6M | 74.1% | -122.4% | 7.8% | 7.3% | — | — | $82M |
| 2023 | $2M | $5M | 74.2% | -40.7% | 8.6% | 7.1% | — | — | $62M |
| 2022 | $3M | -$10M | 77.0% | -275.7% | -19.8% | -15.3% | — | — | $64M |
| 2021 | — | -$30M | — | — | -1083.1% | — | — | — | — |
Valuation over time
How the market has priced MI against its own fundamentals since 2023-09 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
- The price-to-earnings ratio has risen from 36.7× (Jan '24) to 644.2× (Dec '25).
- The price-to-sales ratio has fallen from 48.6× (Sep '23) to 7.1× (Nov '26).
P/E
P/S
Frequently asked questions
Is MI growing its revenue and profit?
Over the past 4 years, NFT Ltd's revenue has declined 40.3% per year. These are computed facts, not advice.
How much debt does MI have?
As of FY2025, NFT Ltd reported — of total debt against $3M of cash; operating income covered interest expense -4.0×.
What is MI's profit margin?
In FY2025, gross margin was 73.5%, operating margin -148.1%, and net margin -187.7%.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.