Full Fundamentals
All metrics by year — income statement, balance sheet, cash flow
15
Income Statement17
Metric
Trend
2025
2024
2023
2022
Revenue
$34M
$26M
$32M
$35M
Cost of Revenue
$24M
$14M
$14M
$17M
Gross Profit
$10M
$12M
$18M
$18M
R&D Expense
$46.0K
$172.8K
$11.4K
$80.0K
SG&A Expense
$38M
$27M
$11M
$11M
Operating Expenses
$59M
$32M
$11M
$11M
Operating Income
$-49M
$-19M
$7M
$8M
Interest Expense
·
·
$353.0K
$443.6K
Other Non-op
$65.6K
$-159.1K
$457.9K
$1M
Pretax Income
$76M
$-19M
$7M
$7M
Income Tax
$-3M
$781.8K
$148.3K
$387.8K
Net Income
$79M
$-20M
$7M
$7M
EPS (Basic)
·
$-1.59
$0.57
$0.59
EPS (Diluted)
·
$-1.59
$0.57
$0.59
Shares (Basic)
5,644,417
1,656,485
1,448,125
11,585,000
Shares (Diluted)
5,806,608
1,656,485
1,448,125
11,585,000
EBITDA
$-49M
$-19M
$7M
·
Balance Sheet25
Metric
Trend
2025
2024
2023
2022
Cash & Equivalents
$223M
$20M
$7M
$12M
Receivables
$224.4K
$1M
$3M
$1M
Prepaid Expense
$6M
$11M
$371.1K
$346.1K
Other Current Assets
·
$78.9K
·
·
Current Assets
$4.03B
$34M
$10M
$16M
PP&E (Net)
$286.7K
$403.1K
$36.5K
$123.3K
Accum. Depreciation
$3M
$3M
$3M
$3M
Intangibles
$53.4K
$19M
$15M
$14M
Other Non-current Assets
·
$24.3K
·
·
Total Assets
$4.04B
$58M
$34M
$35M
Accrued Liabilities
·
·
$295.0K
$543.0K
Short-term Debt
$1M
$4M
$4M
$4M
Current Liabilities
$25M
$17M
$12M
$12M
Capital Leases
·
$123.2K
$2M
$138.3K
Deferred Tax
$28.0K
$3M
$2M
$2M
Total Liabilities
$26M
$22M
$22M
$24M
Long-term Debt
$1M
$6M
$10M
$14M
Total Debt
$1M
$10M
$14M
·
Common Stock
$3.9K
$3.9K
$3.9K
$3.9K
Paid-in Capital
$3.94B
$46M
$2M
$2M
Retained Earnings
$68M
$-10M
$10M
$8M
AOCI
$-543.2K
$-77.4K
$-81.4K
$-99.3K
Stockholders' Equity
$4.01B
$36M
$12M
$10M
Liabilities + Equity
$4.04B
$58M
$34M
$35M
Shares Outstanding
50,176,485
1,656,459
1,448,125
1,448,125
Cash Flow13
Metric
Trend
2025
2024
2023
2022
Deferred Tax
$-3M
$781.8K
$154.2K
$158.5K
Amort. of Intangibles
$7M
$5M
$6M
$6M
Operating Cash Flow
$-16M
$-22M
$11M
$13M
CapEx
$151.6K
$463.5K
$48.2K
$41.7K
Investing Cash Flow
$1M
$-8M
$-6M
$-2M
Stock Issued
$145M
$0
$0
·
Net Stock Activity
$145M
·
·
·
Dividends Paid
$0
$0
$5M
·
Financing Cash Flow
$216M
$45M
$-11M
$-9M
Net Change in Cash
$201M
$15M
$-5M
$2M
Taxes Paid
$0
$124.1K
$0
·
Free Cash Flow
$-16M
$-22M
$11M
·
Levered FCF
·
·
$11M
·
Profitability8
Metric
Trend
2025
2024
2023
2022
Gross Margin
29.6%
47.2%
56.2%
·
Operating Margin
-143.7%
-74.3%
20.9%
·
Net Margin
232.8%
-77.5%
20.7%
·
Pretax Margin
223.8%
-74.5%
21.2%
·
EBITDA Margin
-143.7%
-74.3%
20.9%
·
ROA
3.8%
-43.9%
19.4%
·
ROE
3.9%
-84.8%
59.8%
·
ROIC
-1.3%
-43.8%
25.6%
·
Liquidity & Solvency5
Metric
Trend
2025
2024
2023
2022
Current Ratio
164.3
2.0
0.8
·
Quick Ratio
9.1
1.2
0.8
·
Debt / Equity
0.0
0.3
1.2
·
LT Debt / Equity
0.0
0.1
0.5
·
Interest Coverage
·
·
18.9
·
Efficiency2
Metric
Trend
2025
2024
2023
2022
Asset Turnover
0.0
0.6
0.9
·
Receivables Turnover
50.3
14.1
17.2
·
Per Share5
Metric
Trend
2025
2024
2023
2022
Book Value / Share
$79.97
$2.71
$1.01
·
Revenue / Share
$5.82
$2.05
$2.76
·
Cash Flow / Share
$-2.73
$-1.72
$0.98
·
Cash / Share
$4.45
$1.48
$0.59
·
EPS (TTM)
·
$-1.59
$0.57
·
Valuation (TTM)17
Metric
Trend
2025
2024
2023
2022
Revenue TTM
$34M
$26M
$32M
·
Net Income TTM
$79M
$-20M
$7M
·
Market Cap
$932M
$71M
·
·
Enterprise Value
$710M
$62M
·
·
P/E
·
-3.4
·
·
P/S
27.6
2.7
·
·
P/B
0.2
2.0
·
·
P / Tangible Book
0.2
4.2
·
·
P / Cash Flow
-58.7
-3.3
·
·
P / FCF
-58.2
-3.2
·
·
EV / EBITDA
-14.6
-3.2
·
·
EV / FCF
-44.3
-2.8
·
·
EV / Revenue
21.0
2.4
·
·
Dividend Yield
0.00%
0.00%
·
·
Earnings Yield
·
-29.6%
·
·
Payout Ratio
0.00%
·
·
·
Annual Payout
$0
$0
$5M
·
No quarterly filings for MFI
We don't have SEC filings for this ticker yet.
Most recent period on the left · null values shown as ·
Financial Statements
Income statement, balance sheet, cash flow — annual, last 5 years
16
Metric
2025-12-31
2024-12-31
2023-12-31
2022-12-31
2021-12-31
Revenue
$34M
$26M
$32M
$35M
$32M
Gross Margin %
29.6%
47.2%
56.2%
·
·
Operating Margin %
-143.7%
-74.3%
20.9%
·
·
Net Income
$79M
$-20M
$7M
$7M
$10M
Diluted EPS
·
$-1.59
$0.57
$0.59
$0.89
Metric
2025-12-31
2024-12-31
2023-12-31
2022-12-31
2021-12-31
Debt / Equity
0.0
0.3
1.2
·
·
Current Ratio
164.3
2.0
0.8
·
·
Quick Ratio
9.1
1.2
0.8
·
·
Metric
2025-12-31
2024-12-31
2023-12-31
2022-12-31
2021-12-31
Free Cash Flow
$-16M
$-22M
$11M
·
·
Institutional owners (13F)
6 filers
· $6.5M total
· As of June 30, 2026
17
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Holders6
Value held$6.5M
New positions1
Exited positions1
Institutional activity — Q2 2026 vs prior quarter
New positions
Exited positions
Increased
Decreased
Net shares change
1 (-1 vs prior Q)
1 (+1 vs prior Q)
0 (-1 vs prior Q)
1 (+1 vs prior Q)
-44K
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
ETF ownership
Held by 13 ETFs
20
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.