Moatable, Inc. Financials
This page shows Moatable, Inc. (MTBLY) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Revenue growth is finally outrunning a mostly fixed operating cost base, allowing this high-gross-margin model to reach positive free cash flow.
Between FY2022 and FY2024, revenue climbed from$45.8M to$63.5M . Because SG&A ended lower than FY2022 and gross margin held near76.1% , the sharper operating result reflects fixed-cost absorption: each extra sales dollar dropped through more efficiently even though the underlying gross economics barely changed.
The move to positive operating cash flow of
The balance sheet is equity-funded rather than lender-funded: cash of
Financial Health Signals
Based on FY2024 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of Moatable, Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Moatable, Inc. has an operating margin of -4.7%, meaning the company retains $-5 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is up from -22.7% the prior year.
Moatable, Inc.'s revenue surged 21.9% year-over-year to $63.5M, reflecting rapid business expansion. This strong growth earns a score of 63/100.
Moatable, Inc. carries a low D/E ratio of 0.42, meaning only $0.42 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 94/100, indicating a strong balance sheet with room for future borrowing.
Moatable, Inc.'s current ratio of 1.86 indicates adequate short-term liquidity, earning a score of 33/100. The company can meet its near-term obligations, though with limited headroom.
Moatable, Inc.'s free cash flow margin of 1.7% results in a low score of 11/100. Capital expenditures of $251K absorb a large share of operating cash flow.
Moatable, Inc. generates a -3.6% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is up from -16.7% the prior year.
Moatable, Inc. passes 4 of 9 financial strength tests. 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Moatable, Inc. generates $-0.61 in operating cash flow ($1.3M OCF vs -$2.1M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Key Financial Metrics
Earnings & Revenue
Moatable, Inc. generated $63.5M in revenue in fiscal year 2024. This represents an increase of 21.9% from the prior year.
Moatable, Inc.'s EBITDA was -$2.5M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 77.7% from the prior year.
Moatable, Inc. reported -$2.1M in net income in fiscal year 2024. This represents an increase of 78.8% from the prior year.
Moatable, Inc. earned $-0.00 per diluted share (EPS) in fiscal year 2024. This represents an increase of 72.7% from the prior year.
Cash & Balance Sheet
Moatable, Inc. generated $1.0M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 125.5% from the prior year.
Moatable, Inc. held $26.6M in cash against $0 in long-term debt as of fiscal year 2024.
Margins & Returns
Moatable, Inc.'s gross margin was 76.1% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 2.3 percentage points from the prior year.
Moatable, Inc.'s operating margin was -4.7% in fiscal year 2024, reflecting core business profitability. This is up 18.1 percentage points from the prior year.
Moatable, Inc.'s net profit margin was -3.4% in fiscal year 2024, showing the share of revenue converted to profit. This is up 16.0 percentage points from the prior year.
Moatable, Inc.'s ROE was -3.6% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is up 13.1 percentage points from the prior year.
Capital Allocation
Moatable, Inc. invested $19.1M in research and development in fiscal year 2024. This represents an increase of 4.0% from the prior year.
Moatable, Inc. spent $253K on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 97.8% from the prior year.
Moatable, Inc. invested $251K in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 72.9% from the prior year.
MTBLY Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $20.4M+6.0% | $19.3M+7.1% | $18.0M+3.1% | $17.5M+4.6% | $16.7M+9.1% | $15.3M+9.0% | $14.0M+1.9% | $13.8M |
| Cost of Revenue | $5.3M+6.0% | $5.0M+8.7% | $4.6M+7.1% | $4.3M+5.6% | $4.1M+15.8% | $3.5M+5.5% | $3.3M+8.5% | $3.1M |
| Gross Profit | $15.1M+5.9% | $14.3M+6.6% | $13.4M+1.8% | $13.2M+4.3% | $12.6M+7.2% | $11.8M+10.1% | $10.7M0.0% | $10.7M |
| R&D Expenses | $6.7M+9.8% | $6.1M+5.3% | $5.8M+8.5% | $5.3M+11.1% | $4.8M+4.9% | $4.6M+2.2% | $4.5M+4.2% | $4.3M |
| SG&A Expenses | $4.5M+33.5% | $3.3M+14.9% | $2.9M+9.9% | $2.6M-23.6% | $3.5M+10.4% | $3.1M-7.7% | $3.4M+0.1% | $3.4M |
| Operating Income | -$1.5M-425.6% | $446K+145.8% | -$974K-476.3% | -$169K+70.4% | -$571K+27.5% | -$788K+45.0% | -$1.4M+70.1% | -$4.8M |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | $464K+56.8% | $296K-45.7% | $545K+211.5% | -$489K+19.0% | -$604K-599.2% | $121K+5.2% | $115K | N/A |
| Net Income | -$1.3M-354.6% | $507K+162.0% | -$818K-398.5% | $274K-76.5% | $1.2M+346.6% | -$472K+84.8% | -$3.1M-292.3% | -$791K |
| EPS (Diluted) | $-0.00-433.3% | $0.00+160.0% | $-0.00 | N/A | $0.00+266.7% | $-0.00+85.0% | $-0.00 | N/A |
MTBLY Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $70.4M+18.8% | $59.3M+4.0% | $57.0M-17.9% | $69.5M-4.2% | $72.5M+6.4% | $68.1M0.0% | $68.1M-2.3% | $69.7M |
| Current Assets | $40.9M+33.8% | $30.5M-2.5% | $31.3M-28.7% | $43.9M-3.9% | $45.7M-2.8% | $47.1M+0.3% | $46.9M+1.6% | $46.2M |
| Cash & Equivalents | $22.0M+28.8% | $17.1M-8.8% | $18.8M-29.5% | $26.6M-19.6% | $33.1M-2.7% | $34.1M+0.9% | $33.8M-0.4% | $33.9M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $5.2M+11.5% | $4.7M+16.7% | $4.0M+8.4% | $3.7M+2.4% | $3.6M+12.0% | $3.2M+6.2% | $3.0M+16.8% | $2.6M |
| Goodwill | $4.8M-3.1% | $5.0M+82.4% | $2.7M+3.0% | $2.7M-20.5% | $3.3M | N/A | N/A | $0 |
| Total Liabilities | $38.1M+49.5% | $25.5M+167.2% | $9.5M-61.4% | $24.7M-10.1% | $27.5M+15.1% | $23.9M-0.5% | $24.0M+0.1% | $24.0M |
| Current Liabilities | $26.2M+11.8% | $23.5M | N/A | $23.6M-10.6% | $26.4M+10.5% | $23.9M-0.1% | $23.9M+0.5% | $23.8M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $46.9M-2.9% | $48.3M+1.8% | $47.5M-19.9% | $59.3M-0.1% | $59.3M+1.1% | $58.6M-0.1% | $58.7M-2.8% | $60.4M |
| Retained Earnings | -$722.4M-0.2% | -$721.1M+0.1% | -$721.6M-0.1% | -$720.8M0.0% | -$721.1M+0.2% | -$722.2M-0.1% | -$721.8M-0.4% | -$718.7M |
MTBLY Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $804K+173.2% | -$1.1M+36.7% | -$1.7M-326.8% | -$407K-120.4% | $2.0M+233.8% | $597K+167.4% | -$886K-162.7% | $1.4M |
| Capital Expenditures | $92K-9.8% | $102K+117.0% | $47K-36.5% | $74K+80.5% | $41K+36.7% | $30K-71.7% | $106K | $0 |
| Free Cash Flow | $712K+159.3% | -$1.2M+32.7% | -$1.8M-270.9% | -$481K-124.6% | $2.0M+244.3% | $567K+157.2% | -$992K-170.3% | $1.4M |
| Investing Cash Flow | -$652K+40.5% | -$1.1M-122.2% | $4.9M+183.0% | -$5.9M-109.4% | -$2.8M-9363.3% | -$30K+71.7% | -$106K-102.4% | $4.4M |
| Financing Cash Flow | $9.7M+33658.6% | -$29K+99.7% | -$11.2M-17073.8% | -$65K-6600.0% | $1K+103.7% | -$27K-103.1% | $885K+107.6% | -$11.7M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $18K-37.9% | $29K-49.1% | $57K-13.6% | $66K | $0-100.0% | $32K-79.4% | $155K-93.8% | $2.5M |
MTBLY Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 74.1%-0.0pp | 74.2%-0.4pp | 74.5%-1.0pp | 75.5%-0.2pp | 75.7%-1.4pp | 77.1%+0.8pp | 76.3%-1.5pp | 77.8% |
| Operating Margin | -7.1%-9.4pp | 2.3%+7.7pp | -5.4%-4.4pp | -1.0%+2.5pp | -3.4%+1.7pp | -5.1%+5.1pp | -10.2%+24.5pp | -34.7% |
| Net Margin | -6.3%-9.0pp | 2.6%+7.2pp | -4.5%-6.1pp | 1.6%-5.4pp | 7.0%+10.1pp | -3.1%+19.0pp | -22.1%-16.4pp | -5.8% |
| Return on Equity | -2.8%-3.8pp | 1.1%+2.8pp | -1.7%-2.2pp | 0.5%-1.5pp | 2.0%+2.8pp | -0.8%+4.5pp | -5.3%-4.0pp | -1.3% |
| Return on Assets | -1.8%-2.7pp | 0.9%+2.3pp | -1.4%-1.8pp | 0.4%-1.2pp | 1.6%+2.3pp | -0.7%+3.9pp | -4.6%-3.4pp | -1.1% |
| Current Ratio | 1.56+0.3 | 1.30 | N/A | 1.86+0.1 | 1.73-0.2 | 1.970.0 | 1.96+0.0 | 1.94 |
| Debt-to-Equity | 0.81+0.3 | 0.53+0.3 | 0.20-0.2 | 0.42-0.0 | 0.46+0.1 | 0.410.0 | 0.41+0.0 | 0.40 |
| FCF Margin | 3.5%+9.7pp | -6.2%+3.7pp | -9.9%-7.2pp | -2.8%-14.5pp | 11.7%+8.0pp | 3.7%+10.8pp | -7.1%-17.3pp | 10.3% |
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Frequently Asked Questions
What is Moatable, Inc.'s annual revenue?
Moatable, Inc. (MTBLY) reported $63.5M in total revenue for fiscal year 2024. This represents a 21.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Moatable, Inc.'s revenue growing?
Moatable, Inc. (MTBLY) revenue grew by 21.9% year-over-year, from $52.1M to $63.5M in fiscal year 2024.
Is Moatable, Inc. profitable?
No, Moatable, Inc. (MTBLY) reported a net income of -$2.1M in fiscal year 2024, with a net profit margin of -3.4%.
What is Moatable, Inc.'s EBITDA?
Moatable, Inc. (MTBLY) had EBITDA of -$2.5M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
What is Moatable, Inc.'s gross margin?
Moatable, Inc. (MTBLY) had a gross margin of 76.1% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Moatable, Inc.'s operating margin?
Moatable, Inc. (MTBLY) had an operating margin of -4.7% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Moatable, Inc.'s net profit margin?
Moatable, Inc. (MTBLY) had a net profit margin of -3.4% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Moatable, Inc.'s return on equity (ROE)?
Moatable, Inc. (MTBLY) has a return on equity of -3.6% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Moatable, Inc.'s free cash flow?
Moatable, Inc. (MTBLY) generated $1.0M in free cash flow during fiscal year 2024. This represents a 125.5% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Moatable, Inc.'s operating cash flow?
Moatable, Inc. (MTBLY) generated $1.3M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Moatable, Inc.'s total assets?
Moatable, Inc. (MTBLY) had $69.5M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Moatable, Inc.'s capital expenditures?
Moatable, Inc. (MTBLY) invested $251K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How much does Moatable, Inc. spend on research and development?
Moatable, Inc. (MTBLY) invested $19.1M in research and development during fiscal year 2024.
What is Moatable, Inc.'s current ratio?
Moatable, Inc. (MTBLY) had a current ratio of 1.86 as of fiscal year 2024, which is generally considered healthy.
What is Moatable, Inc.'s debt-to-equity ratio?
Moatable, Inc. (MTBLY) had a debt-to-equity ratio of 0.42 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Moatable, Inc.'s return on assets (ROA)?
Moatable, Inc. (MTBLY) had a return on assets of -3.1% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Moatable, Inc.'s Piotroski F-Score?
Moatable, Inc. (MTBLY) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Moatable, Inc.'s earnings high quality?
Moatable, Inc. (MTBLY) has an earnings quality ratio of -0.61x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Moatable, Inc.?
Moatable, Inc. (MTBLY) scores 33 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.