MLP (MLP) financial statements
MLP reported revenue of $19M in fiscal 2025, down 9.4% a year over 9 years.
Net income was -$11M and the operating margin -23.4%, against 49.6% in 2016.
Free cash flow was -$484,000.
The diluted share count rose 4% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from MLP's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $47M | $25M | $5M | $10M | $8M | $12M | $21M | $9M | $12M | $19M |
| Cost of revenue | $947,000 | $1M | — | — | — | — | — | — | — | — |
| Gross profit | $46M | $24M | — | — | — | — | — | — | — | — |
| Selling, general and admin | $2M | $3M | $3M | $2M | $2M | $3M | $3M | $4M | $4M | $5M |
| Operating income | $23M | $12M | -$4M | -$796,000 | -$3M | $2M | $10M | -$5M | -$7M | -$5M |
| Income tax | — | — | -$5M | $5M | $0 | $0 | $0 | $0 | $0 | $0 |
| Net income | $22M | $11M | $498,000 | -$10M | -$3M | -$3M | $2M | -$3M | -$7M | -$11M |
| EPS (diluted) | $1.15 | $0.57 | $0.03 | -$0.54 | -$0.14 | -$0.18 | $0.09 | -$0.15 | -$0.38 | -$0.54 |
| Diluted shares | 19M | 19M | 19M | 19M | 19M | 19M | 19M | 20M | 20M | 20M |
| Gross margin | 98.0% | 95.8% | — | — | — | — | — | — | — | — |
| Operating margin | 49.6% | 48.7% | -82.7% | -7.9% | -33.8% | 13.2% | 45.8% | -53.5% | -63.6% | -23.4% |
| Net margin | 46.1% | 44.3% | 10.3% | -103.2% | -34.5% | -27.5% | 8.5% | -33.2% | -63.9% | -54.4% |
Balance sheet
Fiscal years, from MLP's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $602,000 | $1M | $624,000 | $683,000 | $869,000 | $6M | $8M | $6M | $7M | $5M |
| Receivables | $2M | $940,000 | $989,000 | $1M | $1M | $1M | $892,000 | $1M | $5M | $1M |
| Total current assets | $3M | $2M | $12M | $10M | $10M | $10M | $15M | $10M | $15M | $9M |
| Property, plant and equipment | $26M | $31M | $22M | $20M | $19M | $17M | $16M | $16M | $17M | $18M |
| Total assets | $39M | $45M | $48M | $39M | $38M | $38M | $42M | $42M | $50M | $48M |
| Total current liabilities | $2M | $2M | $5M | $3M | $3M | $2M | $2M | $2M | $11M | $7M |
| Long-term debt | $7M | $1M | — | $1M | — | — | — | — | — | — |
| Total liabilities | $21M | $14M | $17M | $16M | $18M | $14M | $9M | $8M | $17M | $15M |
| Shareholders' equity | $18M | $31M | $31M | $23M | $20M | $24M | $34M | $35M | $33M | $33M |
| Net debt | $6M | $206,000 | $611,000 | $352,000 | -$669,000 | -$6M | -$8M | -$6M | -$7M | -$5M |
Cash flow
Fiscal years, from MLP's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $34M | $8M | $882,000 | $2M | $2M | $1M | $6M | -$1M | $370,000 | $2M |
| Capital spending | $268,000 | — | $311,000 | $712,000 | $81,000 | $29,000 | $0 | $618,000 | $2M | $3M |
| Free cash flow | $34M | — | $571,000 | $1M | $2M | $1M | $6M | -$2M | -$2M | -$484,000 |
| Stock-based compensation | $315,000 | $448,000 | $2M | $2M | $2M | $1M | $1M | $3M | $6M | $4M |
| Net borrowing | -$34M | -$6M | $0 | -$200,000 | -$835,000 | -$200,000 | $0 | — | -$21,000 | -$151,000 |
| Free cash flow margin | 71.0% | — | 11.9% | 10.6% | 28.1% | 10.9% | 29.9% | -21.4% | -13.0% | -2.5% |
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Open MLP in InvestinglyQuestions
What was MLP's revenue in 2025?
$19M in fiscal 2025, from its 10-K filing.
How much free cash flow does MLP generate?
-$484,000 in fiscal 2025 (operating cash flow minus capital spending).
From MLP's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.