MDWT · Midwest Holding 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 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $16.42M | $29.07M | $38.45M | - | $19.00M | ($122.0K) | $2.58M | - | $5.77M | $8.90M |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | - | - | - | - | - | - | - | - | - | - |
| Total Operating Expenses | $8.97M | $26.53M | $29.77M | - | $14.29M | ($1.39M) | ($3.33M) | - | $9.19M | $13.14M |
| D&A | $100.0K | $100.0K | $95.0K | - | $100.0K | $100.0K | $11.0K | - | $13.0K | $11.8K |
| Operating Income | $7.45M | $2.54M | $8.69M | - | $4.71M | $1.27M | $5.91M | - | ($3.42M) | ($4.25M) |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | $4.61M | $2.97M | $2.91M | - | $1.25M | ($2.13M) | $4.72M | - | ($351.0K) | $746.7K |
| Net Income | $385.0K | ($3.88M) | $3.83M | - | $7.43M | $9.27M | $187.0K | - | ($3.06M) | ($4.99M) |
| EPS - Basic | $0.10 | ($1.04) | $1.03 | - | $1.99 | $2.48 | $0.05 | - | ($0.82) | ($1.34) |
| EPS - Diluted | $0.10 | ($1.04) | $1.01 | - | $1.96 | $2.47 | $0.05 | - | ($0.82) | ($1.34) |
Balance Sheet
| Line item | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $197.80M | $194.28M | $170.07M | $191.41M | $208.66M | $128.96M | $144.68M | $142.01M | $81.49M | $70.28M |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - | - | - | - | - |
| Total Assets | $2.62B | $2.43B | $2.14B | $1.92B | $1.69B | $1.44B | $1.30B | $1.22B | $1.11B | $987.48M |
| Current Liabilities | - | - | - | - | - | - | - | - | - | - |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $2.60B | $2.40B | $2.12B | $1.89B | $1.65B | $1.37B | $1.22B | $1.13B | $1.03B | $905.87M |
| Stockholders' Equity | $3.70M | $13.73M | $12.83M | $23.91M | $31.78M | $52.08M | $60.76M | $70.76M | $80.13M | $81.61M |
| Retained Earnings | ($67.36M) | ($67.75M) | ($63.86M) | ($63.02M) | ($53.28M) | ($60.71M) | ($69.97M) | ($70.16M) | ($63.18M) | ($60.12M) |
Cash Flow
| Line item | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | - | $46.40M | - | - | - | $10.31M | - | - | - |
| Investing Cash Flow | - | - | ($232.77M) | - | - | - | ($99.86M) | - | - | - |
| Financing Cash Flow | - | - | $165.03M | - | - | - | $92.23M | - | - | - |
| CapEx | - | - | - | - | - | - | $195.0K | - | - | - |
| Free Cash Flow | - | - | - | - | - | - | $10.11M | - | - | - |
Ratios
| Metric | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | 45.3% | 8.7% | 22.6% | - | 24.8% | -1041.0% | 228.8% | - | -59.2% | -47.7% |
| EBITDA margin | 46.0% | 9.1% | 22.8% | - | 25.3% | -1123.0% | 229.2% | - | -58.9% | -47.6% |
| Net margin | 2.3% | -13.4% | 10.0% | - | 39.1% | -7595.1% | 7.2% | - | -53.1% | -56.1% |
| Free cash flow margin | - | - | - | - | - | - | 391.5% | - | - | - |
| FCF / Net income | - | - | - | - | - | - | 54.07 | - | - | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - | - | - | - | - | - |
| Effective tax rate | 92.3% | - | 43.2% | - | 14.4% | -29.8% | 96.2% | - | - | - |
| Return on assets | 0.0% | -0.2% | 0.2% | - | 0.4% | 0.6% | 0.0% | - | -0.3% | -0.5% |
| Return on equity | 10.4% | -28.3% | 29.9% | - | 23.4% | 17.8% | 0.3% | - | -3.8% | -6.1% |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | - | - | - | - | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - | - | - | - | - |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | 708.49 | 176.78 | 167.18 | 80.33 | 53.06 | 27.57 | 21.43 | 17.24 | 13.82 | 12.10 |
| Liabilities / Assets | 0.99 | 0.99 | 0.99 | 0.98 | 0.98 | 0.96 | 0.94 | 0.93 | 0.93 | 0.92 |
| Efficiency | ||||||||||
| Asset turnover | 0.01 | 0.01 | 0.02 | - | 0.01 | -0.00 | 0.00 | - | 0.01 | 0.01 |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -13.6% | -23924.6% | 1388.7% | - | 229.2% | -101.4% | -520.8% | - | -1217.9% | -171.3% |
| Revenue CAGR (3y) | - | - | 16.3% | - | 247.7% | - | 36.9% | - | 111.3% | 147.3% |
| Revenue CAGR (5y) | 93.1% | 118.1% | 126.4% | - | 81.9% | - | 19.3% | - | 53.3% | 52.2% |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | 58.2% | 99.8% | 47.0% | - | - | - | - | - | 20.2% | 73.7% |
| Net income growth (YoY) | -94.8% | - | 1947.6% | - | - | - | - | - | 44.7% | 69.9% |
| EPS growth (YoY) | -94.9% | - | 1920.0% | - | - | - | - | - | 59.0% | -33400.0% |
| EPS CAGR (3y) | - | - | 298.2% | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - | 29.5% | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -88.3% | -73.6% | -78.9% | -66.2% | -60.3% | -36.2% | -29.0% | -18.0% | 219.5% | 214.4% |
Peer comparison
Same SIC group: Life Insurance
Comparing MIDWEST HOLDING INC. against the 5 most active filers in the same SIC group.