CRTD Creatd, Inc.

Overview and Growth

Fiscal 2022 results for Creatd, Inc. combined $4.80M of revenue with net loss of $32.29M and an operating cash outflow of $16.81M. The $4.80M revenue base provides substantial context for the company’s earnings, cash generation, and capital requirements. Compared with $4.30M in fiscal 2021, revenue recorded a 11.6% year-over-year increase. Diluted earnings per share were -$1.60, translating the period’s attributable earnings into the amount reported for each diluted share. A diluted share base of 22.04M links the aggregate earnings figure to diluted EPS and helps frame the per-share comparison. The company employed $4.82M of total assets, the balance-sheet base supporting its current operating and cash-flow results. Asset turnover was 1.0x, relating the company’s annual revenue directly to the total assets reported at the period end.

Profitability

A gross loss of $1.31M left no positive gross-profit layer to absorb operating expenses. Gross margin was -27.4%, reflecting direct costs that exceeded revenue by 27.4%. The reported operating result was an operating loss of $29.03M, reflecting costs that exceeded gross profit. The operating loss equaled 605.3% of revenue, showing the scale of the operating deficit relative to sales. The company ended the period with a net loss of $32.29M, extending the operating result through all remaining items. Measured against revenue, the bottom-line deficit represented 673.3% after all recognized items. Negative EBITDA totaled $28.45M, confirming that the earnings deficit remained before depreciation and amortization. The pretax result was a loss of $35.68M, establishing the deficit before tax effects. Measured against revenue, the pretax deficit represented 743.8%. Relative to total assets, the net loss represented 670.0%. The net loss narrowed to $32.29M from $37.29M in fiscal 2021.

Liquidity and Capital Structure

At period end, the $4.82M asset base was financed through $17.32M of liabilities and -$12.50M of equity. Equity was negative at -$12.50M, meaning liabilities exceeded the residual book value available to shareholders and weakening balance-sheet resilience. At period end, current assets of $1.48M compared with current liabilities of $15.21M, defining the company’s short-term resource position. Current assets covered only 0.1x of current liabilities, so current liabilities exceeded current assets at period end. Reported cash and equivalents were $706.22K, separating immediately recognizable cash resources from the rest of the current-asset base. Measured only with cash and equivalents, coverage of current liabilities was 4.6%, excluding receivables and other current assets. Book equity represented -259.4% of total assets, quantifying the balance-sheet share supported by shareholder capital. Relative to total assets, liabilities measured 359.4%, complementing the separate equity-based view of the company’s capital structure. Cash and equivalents equaled 14.7% of total assets, showing the liquid cash component within the company’s broader resource base. Total assets were 47.5% lower than fiscal 2021 assets of $9.17M, measuring the company’s own balance-sheet change. Against $3.69M of equity in fiscal 2021, the current book-equity balance moved 439.0% and ended lower. Cash and equivalents were 81.4% lower than fiscal 2021 cash of $3.79M, showing the year-over-year change in liquid resources.

Cash Flow and Earnings Quality

The company reported an operating cash outflow of $16.81M, rather than cash generation from operations. The company spent $212.25K on capital expenditures while operations also absorbed cash, so both ongoing activity and investment drew on liquidity during the period. Operating cash flow and capital spending combined to leave a $17.02M cash deficit after capital spending. The free-cash-flow deficit equaled 354.8% of revenue, showing the post-investment cash shortfall relative to sales. The cash deficit after capital spending represented 353.1% of the period-end asset base. The operating cash outflow narrowed to $16.81M from $20.52M in fiscal 2021.

Based on the annual report for the fiscal year ending Dec 31, 2022. Analysis generated Oct 21, 2026.