MTC (MTC) financial statements
MTC reported revenue of $807,500 in fiscal 2025, up 62.6% a year over 7 years.
Net income was -$56M.
The diluted share count rose 7835% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from MTC's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | $26,882 | $200,797 | $742,125 | $568,620 | $1M | $869,935 | $2M | $807,500 |
| Cost of revenue | — | $16,308 | $90,890 | $7,405 | $141,302 | $231,084 | $172,948 | $343,083 | $633,000 |
| Gross profit | — | $10,574 | $109,907 | $734,720 | $427,318 | $842,267 | $696,987 | $2M | $174,500 |
| Research and development | $513,575 | $828,367 | $737,329 | $410,840 | $744,422 | $828,869 | $363,958 | $73,285 | $40,215 |
| Operating income | -$918,600 | -$2M | -$3M | -$3M | -$7M | -$6M | -$5M | -$3M | -$4M |
| Interest expense | — | $12 | — | — | — | — | -$4M | $2M | $9M |
| Pre-tax income | -$919,198 | -$2M | -$2M | -$3M | -$7M | -$6M | -$8M | -$91M | -$56M |
| Income tax | — | — | — | — | — | — | — | $24,525 | $8,973 |
| Net income | -$919,198 | -$2M | -$2M | -$3M | -$7M | -$6M | $46M | -$91M | -$56M |
| EPS (diluted) | -$1.60 | -$4.80 | -$8.80 | -$12.48 | -$23.04 | -$12.88 | — | — | — |
| Diluted shares | 1M | 0M | 0M | 0M | 0M | 0M | 13M | 25M | 54M |
| Gross margin | — | 39.3% | 54.7% | 99.0% | 75.2% | 78.5% | 80.1% | 81.6% | 21.6% |
| Operating margin | — | -8658.4% | -1464.6% | -429.1% | -1151.9% | -550.8% | -556.4% | -163.8% | -470.9% |
| Net margin | — | -8738.2% | -1117.2% | -428.7% | -1240.0% | -526.0% | 5230.5% | -4879.7% | -6944.3% |
Balance sheet
Fiscal years, from MTC's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $237,561 | $93,625 | $4M | $1M | $1M | $4M | $2M | $3M | $8M |
| Receivables | — | — | $16,029 | $46,390 | $194,856 | $199,995 | $92,040 | — | — |
| Total current assets | $351,278 | $330,460 | $4M | $2M | $14M | $9M | $3M | $3M | $8M |
| Property, plant and equipment | $37,553 | $32,428 | $132,016 | $102,882 | $267,433 | $184,423 | $129,072 | $85,849 | $2,506 |
| Goodwill | — | — | — | — | — | — | $108M | $108M | $108M |
| Total assets | $426,706 | $194,000 | $6M | $4M | $15M | $11M | $157M | $66M | $18M |
| Total current liabilities | $102,271 | $807,173 | $805,499 | $658,029 | $1M | $1M | $5M | $7M | $669,202 |
| Total liabilities | $102,271 | $807,173 | $1M | $1M | $1M | $2M | $38M | $39M | $4M |
| Shareholders' equity | $324,435 | -$444,285 | $5M | $3M | $13M | $9M | $119M | $27M | $15M |
| Net debt | -$237,561 | -$93,625 | -$4M | -$1M | -$896,724 | -$3M | -$2M | -$3M | -$8M |
Cash flow
Fiscal years, from MTC's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$961,234 | -$2M | -$2M | -$2M | -$4M | -$6M | -$5M | $722,853 | -$4M |
| Capital spending | $6,356 | $23,863 | $129,800 | $18,379 | $37,068 | $3,792 | $970 | $5,036 | — |
| Free cash flow | -$967,590 | -$2M | -$2M | -$2M | -$4M | -$6M | -$5M | $717,817 | — |
| Stock-based compensation | — | — | — | $1M | $1M | — | — | — | — |
| Net borrowing | — | — | $7M | $41,250 | — | — | — | -$634,993 | — |
| Free cash flow margin | — | -7198.8% | -1130.0% | -269.7% | -726.9% | -521.2% | -592.3% | 38.4% | — |
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What was MTC's revenue in 2025?
$807,500 in fiscal 2025, from its 10-K filing.
From MTC's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.