Total assets have contracted significantly from $157.0 million in 2023Q4 to $18.4 million in 2025Q4, reflecting a rapid depletion of the firm's underlying capital base.
| Total Current Assets | 8.36M | 3.02M | 3.02M | 9.04M | 13.85M | 2.25M | 4.35M | 330.46K | 351.28K | 1.17M |
| Cash & Short-Term Investments | 8.19M | 2.87M | 1.76M | 3.81M | 11.21M | 1.43M | 3.64M | 93.63K | 237.56K | 719.37K |
| Cash Only | 8.19M | 2.87M | 1.76M | 3.81M | 11.21M | 1.43M | 3.64M | 93.63K | 237.56K | 719.37K |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 4.85K | 4.96K | 1.02M | 4.92M | 2.33M | 167.4K | 45.18K | 0 | 51 | 384.22K |
| Days Sales Outstanding | -0.09 | 0.97 | 429.63 | 1.67K | 1.3K | 82.33 | 82.12 | - | - | - |
| Inventory | 0 | 0 | 0 | 0 | 0 | 642.54K | 376.21K | 0 | 0 | 60.34K |
| Days Inventory Outstanding | - | - | - | - | - | 2.01K | 963.16 | - | - | 786.05 |
| Other Current Assets | 155.01K | 123.83K | 216.17K | 281.21K | 103.28K | -7.91K | -110.54K | 69.12K | 0 | 1.5K |
| Total Non-Current Assets | 10.06M | 62.89M | 153.96M | 2.38M | 739.08K | 1.46M | 1.86M | 32.43K | 75.43K | 51.04K |
| Property, Plant & Equipment | 509.76K | 522.79K | 774.49K | 1.24M | 709.62K | 765.49K | 1.11M | 32.43K | 37.55K | 49.59K |
| Fixed Asset Turnover | -40.19x | 3.57x | 1.12x | 0.87x | 0.92x | 0.97x | 0.18x | 0.83x | - | - |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 578.75K | 143.35K | 0 | 0 | 0 |
| Other Non-Current Assets | 9.55M | 62.36M | 153.19M | 1.14M | 29.46K | 112.89K | 605.59K | 0 | 37.88K | 1.44K |
| Total Assets | 18.42M | 65.91M | 156.99M | 11.42M | 14.59M | 3.71M | 6.21M | 362.89K | 426.71K | 1.22M |
| Asset Turnover | -1.11x | 0.03x | 0.01x | 0.09x | 0.04x | 0.20x | 0.03x | 0.07x | - | - |
| Asset Growth % | -72.05% | -58.02% | 1275.21% | -21.74% | 293.17% | -40.24% | 1610.87% | -14.96% | -64.92% | - |
| Total Current Liabilities | 669.2K | 7.32M | 5.45M | 1.17M | 1.13M | 658.03K | 805.5K | 807.17K | 102.27K | 81.08K |
| Accounts Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Payables Outstanding | - | - | - | - | - | - | - | - | - | - |
| Short-Term Debt | 0 | 0 | 241.75K | 0 | 0 | 430.35K | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | 100K | 0 | 0 | 0 | 123.43K | 0 | 63.25K | 79.18K | 0 | 0 |
| Other Current Liabilities | 0 | 0 | 0 | 24.66K | 0 | -430.35K | 0 | -86.83K | -101.94K | 0 |
| Current Ratio | 12.50x | 0.41x | 0.55x | 7.70x | 12.27x | 3.42x | 5.40x | 0.41x | 3.43x | 14.37x |
| Quick Ratio | 12.50x | 0.41x | 0.55x | 7.70x | 12.27x | 2.45x | 4.93x | 0.41x | 3.43x | 13.63x |
| Cash Conversion Cycle | - | - | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 3.23M | 31.98M | 32.63M | 857.23K | 107.55K | 356.44K | 648.33K | 807.17K | 102.27K | 81.08K |
| Long-Term Debt | 3.05M | 31.94M | 32.28M | 0 | 0 | 41.25K | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 180.05K | 41.17K | 266.76K | 647.98K | 107.55K | 315.19K | 648.33K | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 83.7K | 209.25K | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Liabilities | 3.9M | 39.3M | 38.08M | 2.03M | 1.24M | 1.01M | 1.45M | 807.17K | 102.27K | 81.08K |
| Total Debt | 3.52M | 32.37M | 33.16M | 1.05M | 463.82K | 786.79K | 987.66K | 239.64K | 0 | 0 |
| Net Debt | -4.66M | 29.5M | 31.4M | -2.76M | -10.74M | -639.13K | -2.65M | 146.01K | -237.56K | -719.37K |
| Debt / Equity | 0.24x | 1.22x | 0.28x | 0.11x | 0.03x | 0.29x | 0.21x | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Net Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest Coverage | -5.46x | -36.63x | -4.88x | - | - | - | - | -195750.00x | - | - |
| Total Equity | 14.52M | 26.6M | 118.91M | 9.38M | 13.35M | 2.7M | 4.75M | -444.29K | 324.44K | 1.14M |
| Equity Growth % | -45.42% | -77.63% | 1167.09% | -29.71% | 395.28% | -43.3% | 1170.19% | -236.94% | -71.43% | - |
| Book Value per Share | 0.27 | 1.06 | 8.99 | 2.68 | 5.45 | 1.32 | 2.38 | -0.20 | 0.06 | 0.21 |
| Total Shareholders' Equity | 14.52M | 26.6M | 118.91M | 9.38M | 13.35M | 2.7M | 4.75M | -444.29K | 324.44K | 1.14M |
| Common Stock | 7.97M | 2.01M | 1.99M | 51.45K | 31.37K | 20.82K | 56.07K | 54K | 54K | 54K |
| Retained Earnings | -123.99M | -67.92M | 23.25M | -22.25M | -16.61M | -9.56M | -6.38M | -4.13M | -1.78M | -863.87K |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | -36K | -36K | 0 | 0 |
| Accumulated OCI | -181.21K | -201.49K | -271.1K | -141.48K | 43.41K | -1.71K | -119.39K | -89.22K | -38.64K | -78.25K |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Existential insolvency and regulatory
According to recent financial statements, MTC's total assets have plummeted from a peak of $157.0 million in 2023Q4 to just $18.4 million in 2025Q4, reflecting a rapid contraction that underscores the firm's inability to maintain its operational scale amidst persistent business model instability.
The precipitous decline in total assets suggests that the company is liquidating or losing its core operational footprint at an unsustainable rate. Investors should monitor whether this trajectory indicates a permanent loss of market relevance or a forced downsizing to preserve remaining capital.
As reported in historical filings, MTC's retained earnings have deteriorated to a deficit of $124.0 million as of 2025Q4, highlighting a long-term pattern of value destruction that has severely eroded the company's book value and overall equity quality for shareholders.
The persistent negative retained earnings suggest that the firm has failed to generate profitable growth, relying instead on capital markets to sustain operations. This trend warrants further investigation into whether the current equity base can support future operations without further dilutive financing.
Based on the most recent quarterly data, MTC holds $8.2 million in cash, which appears increasingly insufficient given the company's history of negative revenue and ongoing operational losses, suggesting a narrowing runway that may necessitate immediate capital intervention to avoid a liquidity crisis.
While the current ratio of 12.50 appears high, it is likely distorted by the collapse of current liabilities rather than a surplus of liquid assets. The firm's reliance on a shrinking cash pile to fund its operations suggests that liquidity is a primary concern for ongoing viability.
As indicated by the 2023Q2 data, the company previously carried $106.9 million in goodwill, which has since been entirely written off, suggesting that past acquisitions failed to deliver the expected economic benefits and that the current balance sheet may still be vulnerable to further impairment.
The total removal of goodwill from the balance sheet implies that the firm's previous growth-by-acquisition strategy was fundamentally flawed. Investors should remain cautious, as the lack of intangible assets may indicate that the company's remaining value is tied to highly volatile and regulatory-sensitive software assets.
Quick answers to the most common questions about buying MTC stock.
As of 2025, MMTec, Inc. (MTC) had total assets of $18.4M including $8.4M in current assets.
MMTec, Inc. (MTC) carries total debt of $3.5M, offset by $8.2M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
MMTec, Inc. (MTC) has total shareholders' equity (book value) of $14.5M ($0.27 book value per share). Book value represents the net worth of the company belonging to common stock holders.
MMTec, Inc. (MTC) reported a current ratio of 12.50x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.