Technology · Software - Application
Price
$2.39
Market Cap
$60.2M
Employees
31
Beta
-0.27
Avg Volume
105,619
CEO
Xiang Dong Wen
Business Description
MMTec, Inc., together with its subsidiaries, develops and deploys platforms that enable financial institutions to engage in securities market transactions and settlements worldwide. It operates in two segments: Gujia, MM Future, HC Securities; and MM Global. The company offers securities dealers trading system, which supports securities registration and clearing, account management, risk management, trading and execution, and third-party access middleware; private fund investment management system, which supports multi-account management, fund valuation, risk management, quantitative trading access, liquidation, and requisition management; and mobile transaction individual client system and PC client system for Apple iOS, Android, PC, and web applications. It serves hedge funds, mutual funds, registered investment advisors, proprietary trading groups, and brokerage firms. The company was incorporated in 2018 and is headquartered in Sheung Wan, Hong Kong.
Business History
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
API Direct from provider
CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
CALCStock Price / EPS (Diluted)
-2.28
Stock Price: $2.39
EPS (Diluted): -1.05
EPS (Diluted): -1.05
P/B Ratio (Price vs net asset value)
APIStock Price / Book Value Per Share
12.62
Stock Price: $2.39
Total Equity: $14.52M
Shares: 53,562,569
Total Equity: $14.52M
Shares: 53,562,569
EV/EBITDA (Total value vs operating profit)
APIEnterprise Value / EBITDA
-3.77
Market Cap: $60.20M
Total Debt: $3.05M
Cash: $8.19M
EBITDA: -$47.30M
Total Debt: $3.05M
Cash: $8.19M
EBITDA: -$47.30M
Enterprise Value (Takeover price (cap + debt - cash))
APIMarket Cap + Total Debt - Cash
$178.5M
Market Cap: $60.20M
Total Debt: $3.05M
Cash: $8.19M
Total Debt: $3.05M
Cash: $8.19M
Gross Margin (Revenue left after direct costs)
APIGross Profit / Revenue
103.9%
Gross Profit: -$21.29M
Revenue: -$20.48M
Revenue: -$20.48M
Operating Margin (Revenue left after all operations)
APIOperating Income / Revenue
239.1%
Operating Income: -$48.98M
Revenue: -$20.48M
Revenue: -$20.48M
Net Margin (Revenue left as actual profit)
APINet Income / Revenue
273.7%
Net Income: -$56.08M
Revenue: -$20.48M
Revenue: -$20.48M
ROE (Profit from shareholder equity)
CALCNet Income / Total Equity
-386.2%
Net Income: -$56.08M
Total Equity: $14.52M
Total Equity: $14.52M
ROIC (Profit from all invested capital)
CALCNOPAT / Invested Capital
-522.1%
Operating Income: -$48.98M
Tax Rate: 0.0%
Equity: $14.52M
Total Debt: $3.05M
Cash: $8.19M
Tax Rate: 0.0%
Equity: $14.52M
Total Debt: $3.05M
Cash: $8.19M
Current Ratio (Can it pay short-term bills)
APICurrent Assets / Current Liabilities
12.50
Current Assets: $8.36M
Current Liabilities: $669,202
Current Liabilities: $669,202
Debt/Equity (Leverage — debt vs equity)
CALCTotal Debt / Total Equity
0.21
Short-Term Debt: $0.00
Long-Term Debt: $3.05M
Total Debt: $3.05M
Total Equity: $14.52M
Long-Term Debt: $3.05M
Total Debt: $3.05M
Total Equity: $14.52M
Rev/Share (Top-line per share)
CALCRevenue / Shares Outstanding
$-0.38
Revenue: -$20.48M
Shares: 53,562,569
Shares: 53,562,569
Book Value/Share (Net assets per share)
CALC(Total Assets - Total Liabilities) / Shares
$0.27
Total Equity: $14.52M
Shares: 53,562,569
Shares: 53,562,569
FCF/Share (Real cash generated per share)
CALC(Operating Cash Flow + CapEx) / Shares
$-0.07
Operating CF: -$3.69M
CapEx: -$5.00
Shares: 53,562,569
CapEx: -$5.00
Shares: 53,562,569
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
APILast Annual Dividend / Stock Price
0.0%
Last Dividend: N/A
Stock Price: $2.39
Stock Price: $2.39
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: -$56.08M
Net Income: -$56.08M
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares MTC against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Last updated: Jun 24, 2026 10:01am (2d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $653,036 | $1.1M | $869,935 | $1.9M | -$20.5M |
| Cost of Revenue | $221,562 | $363,940 | $264,512 | $436,601 | $800,856 |
| Gross Profit | $431,474 | $709,411 | $605,423 | $1.4M | -$21.3M |
| Operating Expenses | $6.9M | $6.6M | $4.9M | $94.7M | $27.7M |
| Operating Income | -$6.5M | -$5.9M | -$4.3M | -$93.3M | -$49.0M |
| Net Income | -$7.1M | -$5.6M | -$8.3M | -$91.2M | -$56.1M |
| EBITDA | -$7.0M | -$5.6M | -$3.6M | -$88.7M | -$47.3M |
| EPS | $-3.36 | $-1.56 | $-0.63 | $-3.65 | $-1.05 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jun 24, 2026 10:01am (2d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $11.2M | $3.8M | $1.8M | $2.9M | $8.2M |
| Total Current Assets | $13.8M | $9.0M | $3.0M | $3.0M | $8.4M |
| Total Assets | $14.6M | $11.4M | $157.0M | $65.9M | $18.4M |
| Current Liabilities | $1.1M | $1.2M | $5.5M | $7.3M | $669,202 |
| Long-Term Debt | $0 | $0 | $32.3M | $31.9M | $3.1M |
| Total Liabilities | $1.2M | $2.0M | $38.1M | $39.3M | $3.9M |
| Total Equity | $13.4M | $9.4M | $118.9M | $26.6M | $14.5M |
| Retained Earnings | -$16.6M | -$22.3M | $23.2M | -$67.9M | -$124.0M |
Cash Flow (Annual)
Last updated: Jun 24, 2026 10:01am (2d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | -$4.1M | -$5.6M | -$5.2M | $722,853 | -$3.7M |
| Capital Expenditure | $-37,068 | $-3,792 | $-970 | $-5,036 | $-5 |
| Free Cash Flow | -$4.1M | -$5.6M | -$5.2M | $717,817 | -$3.7M |
| Acquisitions (net) | $0 | -$1.0M | -$87.1M | $0 | $0 |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $9.8M | -$7.4M | -$2.1M | $1.1M | $5.3M |
Analyst Estimates (Annual)
Last updated: Jun 26, 2026 11:16pm (9h ago)| Metric | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue |
$20.8B $20.8B – $20.8B
|
$24.4B $24.4B – $24.4B
|
$28.3B $28.3B – $28.3B
|
| EBITDA |
-$20.8B -$20.8B – -$20.8B
|
-$14.6B -$14.6B – -$14.6B
|
-$17.0B -$17.0B – -$17.0B
|
| Net Income |
$57.0M $57.0M – $57.0M
|
$151.8M $151.8M – $151.8M
|
$189.7M $189.7M – $189.7M
|
| EPS | — | — | — |
Growth Trends (YoY %)
Last updated: Jun 24, 2026 10:01am (2d ago)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | +64.4% | -19.0% | +114.8% | -1,196.4% |
| Gross Profit Growth | +64.4% | -14.7% | +136.5% | -1,586.7% |
| Operating Income Growth | +8.8% | +27.4% | -2,074.6% | +47.5% |
| Net Income Growth | +19.9% | -47.3% | -996.2% | +38.5% |
| EBITDA Growth | +20.2% | +35.7% | -2,363.3% | +46.7% |
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for MTC — it's generated by the pipeline (
market-narrative step).
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.352 · d1100787 · 2026-06-26 11:39:30