STGC · Startengine Crowdfunding, 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 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Revenue | $109.58M | $48.63M | $23.39M | $29.08M |
| Cost of Revenue | $71.70M | $25.87M | $8.70M | $5.89M |
| Gross Profit | $37.88M | $22.75M | $14.68M | $23.19M |
| R&D | $5.36M | $7.80M | $5.78M | $3.13M |
| SG&A | $15.62M | $13.76M | $10.21M | $8.87M |
| Total Operating Expenses | $36.43M | $38.89M | $31.13M | $24.28M |
| D&A | $13.2K | $15.3K | $13.2K | $6.1K |
| Operating Income | $1.45M | ($16.14M) | ($16.45M) | ($1.09M) |
| Interest Expense | - | - | - | - |
| Income Tax | - | - | $67.1K | $90.9K |
| Net Income | $1.47M | ($16.54M) | ($16.38M) | ($1.03M) |
| EPS - Basic | $0.00 | ($0.02) | ($0.48) | ($0.03) |
| EPS - Diluted | $0.00 | ($0.02) | ($0.48) | ($0.03) |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash & Equivalents | $28.39M | $10.84M | $12.66M | $15.46M |
| Accounts Receivable | $1.11M | $2.85M | $193.7K | $702.3K |
| Inventory | - | - | - | - |
| Accounts Payable | $991.0K | $542.9K | $278.7K | $284.4K |
| Current Assets | $30.43M | $14.73M | $13.57M | $18.12M |
| Total Assets | $71.40M | $52.49M | $53.59M | $31.50M |
| Current Liabilities | $14.76M | $10.15M | $8.26M | $4.76M |
| Long-term Debt | - | - | - | - |
| Total Liabilities | $14.76M | $10.15M | $8.26M | $4.76M |
| Stockholders' Equity | $56.65M | $42.34M | $45.34M | $26.74M |
| Retained Earnings | ($59.70M) | ($61.17M) | ($44.64M) | ($26.87M) |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Operating Cash Flow | $12.29M | ($4.28M) | ($8.73M) | ($942.7K) |
| Investing Cash Flow | $1.47M | $202.9K | $393.7K | ($66.0K) |
| Financing Cash Flow | $3.79M | $2.26M | $5.53M | $3.47M |
| CapEx | $11.7K | $22.3K | $23.7K | $55.6K |
| Free Cash Flow | $12.27M | ($4.30M) | ($8.75M) | ($998.3K) |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Profitability | ||||
| Gross margin | 34.6% | 46.8% | 62.8% | 79.7% |
| Operating margin | 1.3% | -33.2% | -70.4% | -3.7% |
| EBITDA margin | 1.3% | -33.2% | -70.3% | -3.7% |
| Net margin | 1.3% | -34.0% | -70.0% | -3.5% |
| Free cash flow margin | 11.2% | -8.8% | -37.4% | -3.4% |
| FCF / Net income | 8.33 | 0.26 | 0.53 | 0.97 |
| R&D / Revenue | 4.9% | 16.0% | 24.7% | 10.8% |
| SG&A / Revenue | 14.3% | 28.3% | 43.6% | 30.5% |
| Effective tax rate | - | - | - | - |
| Return on assets | 2.1% | -31.5% | -30.6% | -3.3% |
| Return on equity | 2.6% | -39.1% | -36.1% | -3.9% |
| Return on invested capital | - | - | - | - |
| Liquidity | ||||
| Current ratio | 2.06 | 1.45 | 1.64 | 3.81 |
| Quick ratio | 2.06 | 1.45 | 1.64 | 3.81 |
| Cash ratio | 1.92 | 1.07 | 1.53 | 3.25 |
| Leverage | ||||
| Debt / Equity | - | - | - | - |
| Debt / Assets | - | - | - | - |
| Debt / EBITDA | - | - | - | - |
| Interest coverage | - | - | - | - |
| Equity multiplier | 1.26 | 1.24 | 1.18 | 1.18 |
| Liabilities / Assets | 0.21 | 0.19 | 0.15 | 0.15 |
| Efficiency | ||||
| Asset turnover | 1.53 | 0.93 | 0.44 | 0.92 |
| Inventory turnover | - | - | - | - |
| Days sales outstanding | 4d | 21d | 3d | 9d |
| Days inventory outstanding | - | - | - | - |
| Days payable outstanding | 5d | 8d | 12d | 18d |
| Cash conversion cycle | - | - | - | - |
| Valuation | ||||
| P / E | - | - | - | - |
| P / B | - | - | - | - |
| P / S | - | - | - | - |
| EV / EBITDA | - | - | - | - |
| Growth | ||||
| Revenue growth (YoY) | 125.4% | 107.9% | -19.6% | - |
| Revenue CAGR (3y) | 55.6% | - | - | - |
| Revenue CAGR (5y) | - | - | - | - |
| Gross profit growth (YoY) | 66.5% | 55.0% | -36.7% | - |
| Operating income growth (YoY) | - | 1.9% | -1410.4% | - |
| Net income growth (YoY) | - | -1.0% | -1489.1% | - |
| EPS growth (YoY) | - | 95.8% | -1500.0% | - |
| EPS CAGR (3y) | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - |
| FCF growth (YoY) | - | 50.9% | -776.5% | - |
| FCF CAGR (5y) | - | - | - | - |
| Book value growth (YoY) | 33.8% | -6.6% | 69.6% | - |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Product / service
$109.58M totalStartengine Private$86.60M · 79.0%
Regulation Crowdfunding Platform Fees$10.56M · 9.6%
Venture Club Revenue$5.65M · 5.2%
Startengine Premium$2.97M · 2.7%
Regulation Commissions$2.05M · 1.9%
Startengine Secure$1.35M · 1.2%
Service Other$390.5K · 0.4%
Stability scores
Altman Z′
FY 2025 · bankruptcy risk
2.66
Grey zone
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2025 · 9-point quality
6/9
Neutral
- ✓Net income positive
- ✓Operating cash flow positive
- ✓ROA improved YoY
- ✓Cash flow > net income
- -Long-term debt decreased
- ✓Current ratio improved
- ✗No share dilution
- ✗Gross margin improved
- ✓Asset turnover improved
Peer comparison
Same SIC group: Finance Services
Comparing STARTENGINE CROWDFUNDING against the 5 most active filers in the same SIC group.