MTA (MTA) financial statements
MTA reported revenue of $12M in fiscal 2025, up 33.5% a year over 5 years.
Net income was -$4M.
The diluted share count rose 173% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from MTA's 10-K filings with the SEC.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | $3M | $3M | $2M | $5M | $6M | $12M |
| Cost of revenue | $1M | $0 | — | — | — | — |
| Gross profit | $1M | $622,222 | $606,000 | $2M | $3M | $9M |
| Selling, general and admin | $1M | $1M | $1M | $1M | $1M | $1M |
| Operating income | — | — | -$10M | -$7M | -$4M | -$64,000 |
| Interest expense | $701,011 | $818,371 | $1M | $1M | $2M | $2M |
| Pre-tax income | -$5M | -$10M | -$11M | -$4M | -$5M | -$4M |
| Income tax | -$279,758 | -$65,111 | $42,000 | $1M | $52,000 | $669,000 |
| Net income | -$4M | -$10M | -$11M | -$6M | -$5M | -$4M |
| EPS (diluted) | -$0.13 | -$0.24 | -$0.24 | -$0.11 | -$0.06 | -$0.05 |
| Diluted shares | 34M | 43M | 45M | 55M | 92M | 93M |
| Gross margin | 36.5% | 21.0% | 25.1% | 48.0% | 57.3% | 80.9% |
| Operating margin | — | — | -407.0% | -159.6% | -76.1% | -0.5% |
| Net margin | -159.7% | -351.1% | -452.9% | -127.0% | -93.1% | -36.1% |
Balance sheet
Fiscal years, from MTA's 10-K filings with the SEC.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Cash and short-term investments | $4M | $2M | $5M | $14M | $10M | $10M |
| Receivables | $177,919 | $1M | $2M | $3M | $3M | $4M |
| Total current assets | $4M | $7M | $10M | $18M | $13M | $15M |
| Total assets | $54M | $113M | $131M | $276M | $269M | $271M |
| Total current liabilities | $1M | $1M | $7M | $21M | $14M | $6M |
| Long-term debt | $4M | $11M | $5M | $13M | $0 | $12M |
| Total liabilities | $5M | $12M | $12M | $23M | $17M | $19M |
| Shareholders' equity | $48M | $101M | $119M | $253M | $252M | $252M |
| Net debt | -$76,839 | $8M | $6M | $13M | $3M | $2M |
Cash flow
Fiscal years, from MTA's 10-K filings with the SEC.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Operating cash flow | -$1M | $298,967 | -$35,000 | $518,000 | -$3M | $4M |
| Dividends paid | $1M | $0 | $0 | $1M | $0 | — |
| Net borrowing | $3M | $6M | $0 | — | $0 | $1M |
| Dividends per share | $0.04 | — | — | $0.02 | — | — |
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What was MTA's revenue in 2025?
$12M in fiscal 2025, from its 10-K filing.
From MTA's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.