MDWK · Mdwerks, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $434.1K | - | $780.1K | $420.6K | $684.7K | - | $1.06M | $271.9K | $684.7K | - |
| Cost of Revenue | $570.4K | - | $661.9K | $701.9K | $381.4K | - | $325.8K | $343.4K | $180.4K | - |
| Gross Profit | ($136.3K) | - | $118.3K | ($281.3K) | $132.5K | - | $732.9K | ($71.5K) | $504.2K | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $487.9K | - | $494.8K | $589.4K | $505.9K | - | $494.8K | $538.7K | $536.1K | - |
| Total Operating Expenses | $701.5K | - | $1.11M | $1.04M | $750.3K | - | $569.9K | $630.0K | $809.4K | - |
| D&A | $67.6K | - | $84.8K | $78.6K | $72.6K | - | $59.0K | $75.2K | $77.9K | - |
| Operating Income | ($837.8K) | - | ($992.2K) | ($1.32M) | ($617.8K) | - | $162.9K | ($701.6K) | ($305.1K) | - |
| Interest Expense | $9.2K | - | $26.2K | $12.4K | $11.8K | - | $4.2K | $5.7K | $2.8K | - |
| Income Tax | - | - | - | - | - | - | - | - | - | - |
| Net Income | ($847.0K) | - | ($1.02M) | ($1.34M) | ($629.4K) | - | $157.0K | ($764.1K) | ($302.4K) | - |
| EPS - Basic | $0.00 | - | ($0.01) | ($0.01) | $0.00 | - | $0.00 | $0.00 | $0.00 | - |
| EPS - Diluted | $0.00 | - | ($0.01) | ($0.01) | $0.00 | - | $0.00 | $0.00 | $0.00 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $95.8K | $211.9K | $181.3K | $13.3K | $593.2K | $11.2K | $62.5K | $47.6K | $162.9K | $115.1K |
| Accounts Receivable | $24.9K | $43.5K | $118.0K | $64.6K | $95.1K | $109.1K | $209.2K | $54.6K | $205.9K | $106.7K |
| Inventory | $679.6K | $821.0K | $1.02M | $1.17M | $1.10M | $236.9K | $188.6K | $152.1K | $160.4K | $201.2K |
| Accounts Payable | - | - | - | - | - | - | - | - | - | - |
| Current Assets | $965.4K | $1.17M | $1.43M | $1.36M | $1.96M | $374.2K | $579.7K | $371.7K | $662.0K | $549.2K |
| Total Assets | $4.17M | $4.05M | $4.37M | $4.40M | $4.98M | $2.92M | $3.29M | $3.12M | $3.67M | $3.23M |
| Current Liabilities | $2.75M | $2.42M | $2.35M | $2.47M | $1.74M | $1.62M | $1.34M | $1.55M | $1.15M | $1.07M |
| Long-term Debt | $476.8K | $367.7K | $463.0K | $551.8K | $683.7K | $488.9K | $526.0K | $558.6K | $569.0K | $189.2K |
| Total Liabilities | $3.52M | $3.05M | $3.20M | $3.39M | $2.73M | $2.55M | $2.39M | $2.62M | $2.41M | $2.07M |
| Stockholders' Equity | $650.2K | $1.00M | $1.17M | $1.01M | $2.24M | $371.0K | $905.7K | $498.7K | $1.26M | $1.16M |
| Retained Earnings | ($7.01M) | ($6.16M) | ($5.35M) | ($4.33M) | ($2.99M) | ($2.36M) | ($1.65M) | ($1.81M) | ($1.04M) | ($739.4K) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($464.4K) | - | - | - | ($421.3K) | - | - | - | ($280.9K) | - |
| Investing Cash Flow | ($62.9K) | - | - | - | ($604.4K) | - | - | - | ($8.8K) | - |
| Financing Cash Flow | $411.1K | - | - | - | $1.61M | - | - | - | $337.5K | - |
| CapEx | $62.9K | - | - | - | $604.4K | - | - | - | $8.8K | - |
| Free Cash Flow | ($527.3K) | - | - | - | ($1.03M) | - | - | - | ($289.8K) | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | -31.4% | - | 15.2% | -66.9% | 19.4% | - | 69.2% | -26.3% | 73.6% | - |
| Operating margin | -193.0% | - | -127.2% | -314.9% | -90.2% | - | 15.4% | -258.0% | -44.6% | - |
| EBITDA margin | -177.4% | - | -116.3% | -296.2% | -79.6% | - | 21.0% | -230.4% | -33.2% | - |
| Net margin | -195.1% | - | -130.5% | -317.8% | -91.9% | - | 14.8% | -281.0% | -44.2% | - |
| Free cash flow margin | -121.5% | - | - | - | -149.8% | - | - | - | -42.3% | - |
| FCF / Net income | 0.62 | - | - | - | 1.63 | - | - | - | 0.96 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 112.4% | - | 63.4% | 140.1% | 73.9% | - | 46.7% | 198.1% | 78.3% | - |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | -20.3% | - | -23.3% | -30.4% | -12.6% | - | 4.8% | -24.5% | -8.2% | - |
| Return on equity | -130.3% | - | -86.8% | -132.4% | -28.1% | - | 17.3% | -153.2% | -23.9% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 0.35 | 0.48 | 0.61 | 0.55 | 1.13 | 0.23 | 0.43 | 0.24 | 0.57 | 0.51 |
| Quick ratio | 0.10 | 0.14 | 0.17 | 0.08 | 0.49 | 0.08 | 0.29 | 0.14 | 0.43 | 0.33 |
| Cash ratio | 0.03 | 0.09 | 0.08 | 0.01 | 0.34 | 0.01 | 0.05 | 0.03 | 0.14 | 0.11 |
| Leverage | ||||||||||
| Debt / Equity | 0.73 | 0.37 | 0.39 | 0.55 | 0.30 | 1.32 | 0.58 | 1.12 | 0.45 | 0.16 |
| Debt / Assets | 0.11 | 0.09 | 0.11 | 0.13 | 0.14 | 0.17 | 0.16 | 0.18 | 0.16 | 0.06 |
| Debt / EBITDA | - | - | - | - | - | - | 2.37 | - | - | - |
| Interest coverage | -90.9x | - | -37.9x | -107.0x | -52.5x | - | 38.5x | -123.6x | -107.4x | - |
| Equity multiplier | 6.42 | 4.04 | 3.73 | 4.36 | 2.22 | 7.86 | 3.64 | 6.25 | 2.90 | 2.79 |
| Liabilities / Assets | 0.84 | 0.75 | 0.73 | 0.77 | 0.55 | 0.87 | 0.73 | 0.84 | 0.66 | 0.64 |
| Efficiency | ||||||||||
| Asset turnover | 0.10 | - | 0.18 | 0.10 | 0.14 | - | 0.32 | 0.09 | 0.19 | - |
| Inventory turnover | 0.84 | - | 0.65 | 0.60 | 0.35 | - | 1.73 | 2.26 | 1.13 | - |
| Days sales outstanding | 21d | - | 55d | 56d | 51d | - | 72d | 73d | 110d | - |
| Days inventory outstanding | 435d | - | 565d | 610d | 1057d | - | 211d | 162d | 324d | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -36.6% | - | -26.3% | 54.7% | 0.0% | - | - | - | - | - |
| Revenue CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | -83.9% | -293.3% | -73.7% | - | - | - | - | - |
| Operating income growth (YoY) | -35.6% | - | - | -88.8% | -102.5% | - | - | -994.9% | -636.2% | - |
| Net income growth (YoY) | -34.6% | - | - | -75.0% | -108.1% | - | 342.4% | -995.5% | -629.5% | - |
| EPS growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | 48.6% | - | - | - | -254.0% | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -71.0% | 170.1% | 29.5% | 102.5% | 77.5% | -68.0% | 338.4% | - | - | - |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$2.21M totalTwo Trees Distilling$1.35M · 61.0%
RFSpecialties$864.4K · 39.0%
Peer comparison
Same SIC group: Beverages
Comparing MDWerks against the 5 most active filers in the same SIC group.