MKDW MKDWELL Tech Inc.

Overview and Growth

In fiscal 2025, MKDWELL Tech Inc. recorded $3.03M of revenue, net loss of $2.57M, and an operating cash outflow of $1.19M. At $3.03M, the top line establishes the operating scale supporting the company’s profit and cash-flow profile. Revenue was 51.6% above fiscal 2024 revenue of $2.00M, marking a year-over-year increase. Diluted earnings per share were -$0.66, translating the period’s attributable earnings into the amount reported for each diluted share. The company employed $18.40M of total assets, the balance-sheet base supporting its current operating and cash-flow results. Asset turnover was 0.16x, relating the company’s annual revenue directly to the total assets reported at the period end.

Profitability

The first profit layer was $188.43K of gross profit, the amount available after reported direct revenue costs to absorb operating expenses. Gross margin was 6.2%, so that share of each revenue unit remained after the cost of revenue reported for the period. The company recorded an operating loss of $2.67M after the reported operating expense base. The operating loss equaled 88.0% of revenue, showing the scale of the operating deficit relative to sales. The company ended the period with a net loss of $2.57M, extending the operating result through all remaining items. Measured against revenue, the bottom-line deficit represented 84.9% after all recognized items. The company reported negative EBITDA of $2.15M, adding a pre-interest, tax, depreciation, and amortization view of the operating shortfall. The pretax result was a loss of $3.15M, establishing the deficit before tax effects. Pretax margin was -104.0%, reflecting a pre-tax loss equal to 104.0% of revenue. The net loss equaled 52.6% of period-end equity, showing the deficit relative to book capital. Relative to total assets, the net loss represented 14.0%. The bottom-line deficit increased from $2.52M in fiscal 2024 to $2.57M.

Liquidity and Capital Structure

At period end, the $18.40M asset base was financed through $13.51M of liabilities and $4.89M of equity. The near-term balance sheet paired $12.65M of current assets with $10.28M of current liabilities at the reporting date. At 1.23x, the current ratio shows that short-term assets were greater than short-term liabilities at period end. Reported cash and equivalents were $24.08K, separating immediately recognizable cash resources from the rest of the current-asset base. Cash and equivalents represented 0.2% of current liabilities, showing the portion of near-term obligations matched by reported cash alone. Borrowings totaled $5.63M, adding a fixed financing obligation alongside the company’s equity capital. The debt-to-equity relationship was 1.15x, showing how much debt the company carried for each unit of book equity. Relative to total assets, debt measured 30.6%, showing how much of the asset base was matched by borrowing. Book equity represented 26.6% of total assets, quantifying the balance-sheet share supported by shareholder capital. The liabilities-to-assets relationship was 73.4%, placing reported obligations against the full positive asset balance. The cash-to-assets relationship was 0.1%, comparing reported cash and equivalents with the full positive asset balance. Total assets were 106.8% higher than fiscal 2024 assets of $8.89M, measuring the company’s own balance-sheet change. Cash and equivalents were 95.6% lower than fiscal 2024 cash of $542.59K, showing the year-over-year change in liquid resources.

Cash Flow and Earnings Quality

Cash flow from operations was an outflow of $1.19M, showing that operations absorbed cash during the period. Capital spending of $528.33K added to the period’s operating cash use, reinforcing the overall cash deficit after investment for the year. Negative free cash flow was $1.72M, leaving a cash deficit after capital spending and reducing financial flexibility. Relative to revenue, the post-investment cash deficit represented 56.8%. Relative to total assets, the post-investment cash deficit measured 9.3%.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Oct 21, 2026.