MIGI · Mawson Infrastructure Group 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 | $4.82M | - | $13.17M | $9.53M | $13.81M | - | - | $13.11M | $18.77M | - |
| Cost of Revenue | $3.81M | - | $4.61M | $5.60M | $7.89M | - | $8.00M | $8.79M | $11.79M | - |
| Gross Profit | $1.01M | - | $8.56M | $3.93M | $5.92M | - | $4.32M | $4.32M | $6.99M | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $7.62M | - | $5.84M | $5.93M | $5.78M | - | $6.00M | $3.64M | $3.46M | - |
| Total Operating Expenses | $9.16M | - | $6.98M | $10.51M | $5.35M | - | $15.72M | $11.07M | $14.68M | - |
| D&A | $1.20M | - | $1.30M | $4.60M | $8.00M | - | $3.61M | $4.60M | $8.00M | - |
| Operating Income | ($8.15M) | - | $1.58M | ($6.57M) | $576.7K | - | ($11.40M) | ($6.76M) | ($7.69M) | - |
| Interest Expense | $945.6K | - | $868.1K | $827.3K | $734.6K | - | $801.6K | $752.9K | $734.6K | - |
| Income Tax | $132.5K | - | $93.8K | ($17.9K) | $110.1K | - | ($648.9K) | $1.75M | ($59.4K) | - |
| Net Income | $609.8K | - | $327.7K | ($8.02M) | ($310.9K) | - | ($12.23M) | ($9.62M) | ($19.76M) | - |
| EPS - Basic | $0.13 | - | $0.40 | ($8.00) | ($0.40) | - | ($13.20) | ($11.00) | ($23.80) | - |
| EPS - Diluted | $0.12 | - | $0.20 | ($8.00) | ($0.40) | - | ($13.20) | ($11.00) | ($23.80) | - |
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 | $2.44M | $13.27M | $2.28M | $3.24M | $5.47M | $6.09M | $5.76M | $6.78M | $6.37M | $4.48M |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | $14.60M | $32.08M | $34.14M | $34.48M | $33.52M | $39.40M | $36.27M | $36.04M | $34.20M | $32.51M |
| Current Assets | $19.86M | $27.49M | $21.15M | $18.99M | $20.20M | $26.01M | $23.10M | $23.33M | $23.86M | $20.14M |
| Total Assets | $48.39M | $57.44M | $52.02M | $52.74M | $57.86M | $61.44M | $60.77M | $65.63M | $67.71M | $84.77M |
| Current Liabilities | $42.68M | $58.84M | $59.90M | $59.26M | $56.94M | $61.95M | $59.19M | $57.82M | $54.24M | $53.32M |
| Long-term Debt | - | $25.18M | - | - | - | $20.92M | - | $393.2K | $41.5K | $19.35M |
| Total Liabilities | $44.05M | $60.56M | $61.42M | $61.08M | $59.31M | $64.68M | $62.32M | $61.22M | $54.70M | $54.38M |
| Stockholders' Equity | $4.34M | ($3.12M) | ($9.40M) | ($8.34M) | ($1.44M) | ($3.24M) | ($1.56M) | $4.40M | $13.01M | $29.24M |
| Retained Earnings | ($251.84M) | ($252.45M) | ($236.80M) | ($237.13M) | ($229.11M) | ($228.80M) | ($224.28M) | ($212.05M) | ($202.43M) | ($182.67M) |
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 | ($17.13M) | - | - | - | ($510.4K) | - | - | - | $1.88M | - |
| Investing Cash Flow | ($41.5K) | - | - | - | ($6.5K) | - | - | - | $530.6K | - |
| Financing Cash Flow | $6.34M | - | - | - | ($103.3K) | - | - | - | ($509.5K) | - |
| CapEx | $31.7K | - | - | - | $19.4K | - | - | - | $19.4K | - |
| Free Cash Flow | ($17.16M) | - | - | - | ($529.7K) | - | - | - | $1.86M | - |
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 | 20.9% | - | 65.0% | 41.3% | 42.9% | - | - | 32.9% | 37.2% | - |
| Operating margin | -169.1% | - | 12.0% | -68.9% | 4.2% | - | - | -51.5% | -41.0% | - |
| EBITDA margin | -144.2% | - | 21.9% | -20.7% | 62.1% | - | - | -16.4% | 1.6% | - |
| Net margin | 12.7% | - | 2.5% | -84.1% | -2.3% | - | - | -73.4% | -105.3% | - |
| Free cash flow margin | -356.1% | - | - | - | -3.8% | - | - | - | 9.9% | - |
| FCF / Net income | -28.15 | - | - | - | 1.70 | - | - | - | -0.09 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 158.0% | - | 44.3% | 62.2% | 41.8% | - | - | 27.8% | 18.5% | - |
| Effective tax rate | 17.8% | - | 22.3% | - | - | - | - | - | - | - |
| Return on assets | 1.3% | - | 0.6% | -15.2% | -0.5% | - | -20.1% | -14.7% | -29.2% | - |
| Return on equity | 14.0% | - | -3.5% | 96.2% | 21.5% | - | 785.7% | -218.4% | -151.9% | - |
| Return on invested capital | - | - | - | - | - | - | - | -111.3% | -46.6% | - |
| Liquidity | ||||||||||
| Current ratio | 0.47 | 0.47 | 0.35 | 0.32 | 0.35 | 0.42 | 0.39 | 0.40 | 0.44 | 0.38 |
| Quick ratio | 0.47 | 0.47 | 0.35 | 0.32 | 0.35 | 0.42 | 0.39 | 0.40 | 0.44 | 0.38 |
| Cash ratio | 0.06 | 0.23 | 0.04 | 0.05 | 0.10 | 0.10 | 0.10 | 0.12 | 0.12 | 0.08 |
| Leverage | ||||||||||
| Debt / Equity | - | -8.08 | - | - | - | -6.46 | - | 0.09 | 0.00 | 0.66 |
| Debt / Assets | - | 0.44 | - | - | - | 0.34 | - | 0.01 | 0.00 | 0.23 |
| Debt / EBITDA | - | - | - | - | - | - | - | - | 0.14 | - |
| Interest coverage | -8.6x | - | 1.8x | -7.9x | 0.8x | - | -14.2x | -9.0x | -10.5x | - |
| Equity multiplier | 11.14 | -18.42 | -5.53 | -6.32 | -40.07 | -18.97 | -39.04 | 14.90 | 5.20 | 2.90 |
| Liabilities / Assets | 0.91 | 1.05 | 1.18 | 1.16 | 1.02 | 1.05 | 1.03 | 0.93 | 0.81 | 0.64 |
| Efficiency | ||||||||||
| Asset turnover | 0.10 | - | 0.25 | 0.18 | 0.24 | - | - | 0.20 | 0.28 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | 1398d | - | 2703d | 2247d | 1551d | - | 1656d | 1496d | 1059d | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 16.3x | - | 42.0x | - | - | - | - | - | - | - |
| P / B | 2.4x | - | - | - | - | - | - | - | - | - |
| P / S | 2.1x | - | 11.8x | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | 53.2x | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -65.1% | - | - | -27.3% | -26.4% | - | - | 24.3% | 144.7% | - |
| Revenue CAGR (3y) | -14.3% | - | 6.4% | -21.6% | -10.7% | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | -83.0% | - | 98.2% | -8.9% | -15.2% | - | 19.4% | 22.5% | 133.4% | - |
| Operating income growth (YoY) | - | - | - | 2.7% | - | - | 29.7% | 61.7% | 34.2% | - |
| Net income growth (YoY) | - | - | - | 16.6% | 98.4% | - | 35.8% | 44.5% | -78.0% | - |
| EPS growth (YoY) | - | - | - | 27.3% | 98.3% | - | -1047.8% | -882.1% | -2379.2% | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | -3140.1% | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | - | 3.7% | -504.2% | - | - | - | - | -92.2% | -80.8% | -62.1% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2023-12-31.
Product / service
$43.57M totalDigital Currency Mining Revenue$21.59M · 49.6%
Hosting Co Location Revenue$16.36M · 37.6%
Net Energy Benefits$5.35M · 12.3%
Sale Of Equipment$262.2K · 0.6%
Peer comparison
Same SIC group: Finance Services
Comparing Mawson Infrastructure Group Inc. against the 5 most active filers in the same SIC group.