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 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $25.05M | - | $22.60M | $39.81M | $30.36M | - | $9.58M | $11.87M | $9.76M | - |
| Cost of Revenue | $18.19M | - | $14.25M | $27.56M | $20.30M | - | $5.41M | $6.14M | $4.80M | - |
| Gross Profit | $6.86M | - | $8.35M | $12.25M | $10.06M | - | $4.17M | $5.72M | $4.96M | - |
| R&D | $1.42M | - | $1.07M | $1.43M | $1.40M | - | $1.91M | $1.75M | $2.04M | - |
| SG&A | $4.02M | - | $3.25M | $3.38M | $3.33M | - | $3.75M | $3.25M | $2.64M | - |
| Total Operating Expenses | $9.59M | - | $7.20M | $8.98M | $8.36M | - | $10.96M | $8.70M | $8.97M | - |
| D&A | $1.1K | - | $3.3K | $3.3K | $4.8K | - | $3.3K | $3.3K | $3.3K | - |
| Operating Income | ($2.73M) | - | $1.15M | $3.26M | $1.70M | - | ($6.79M) | ($2.98M) | ($4.01M) | - |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | $21.7K | - | $29.9K | $39.2K | $8.3K | - | $14.2K | $58.3K | $23.6K | - |
| Net Income | ($2.23M) | - | $1.16M | $3.28M | $1.72M | - | ($6.79M) | ($3.02M) | ($4.02M) | - |
| EPS - Basic | $0.00 | - | $0.00 | $0.00 | $0.00 | - | ($0.01) | $0.00 | ($0.01) | - |
| EPS - Diluted | $0.00 | - | $0.00 | $0.00 | $0.00 | - | ($0.01) | $0.00 | ($0.01) | - |
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 | $26.82M | $28.39M | $31.30M | $26.32M | $18.88M | $10.84M | $8.21M | $10.84M | $10.64M | $12.66M |
| Accounts Receivable | $1.85M | $1.11M | $851.5K | $635.7K | $2.06M | $2.85M | $928.5K | $851.9K | $264.7K | $193.7K |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | $1.50M | $991.0K | $329.3K | $291.7K | $782.9K | $542.9K | $367.3K | $302.0K | $285.4K | $278.7K |
| Current Assets | $33.68M | $30.43M | $33.32M | $28.29M | $21.45M | $14.73M | $10.13M | $12.77M | $11.84M | $13.57M |
| Total Assets | $87.88M | $71.40M | $71.01M | $68.86M | $56.85M | $52.49M | $48.37M | $51.66M | $51.52M | $53.59M |
| Current Liabilities | $15.61M | $14.76M | $11.19M | $13.39M | $9.46M | $10.15M | $8.37M | $7.83M | $7.33M | $8.26M |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $15.61M | $14.76M | $11.19M | $13.39M | $9.46M | $10.15M | $8.37M | $7.83M | $7.33M | $8.26M |
| Stockholders' Equity | $72.27M | $56.65M | $59.83M | $55.47M | $47.39M | $42.34M | $40.00M | $43.83M | $44.19M | $45.34M |
| Retained Earnings | ($61.94M) | ($59.70M) | ($55.02M) | ($56.18M) | ($59.46M) | ($61.17M) | ($58.47M) | ($51.68M) | ($48.66M) | ($44.64M) |
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 | ($2.35M) | - | - | - | $5.88M | - | - | - | ($2.22M) | - |
| Investing Cash Flow | $3.53M | - | - | - | $1.48M | - | - | - | ($5.4K) | - |
| Financing Cash Flow | $1.02M | - | - | - | $680.3K | - | - | - | $201.1K | - |
| CapEx | $11.7K | - | - | - | $3.9K | - | - | - | $3.0K | - |
| Free Cash Flow | ($2.36M) | - | - | - | $5.88M | - | - | - | ($2.22M) | - |
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 | 27.4% | - | 37.0% | 30.8% | 33.1% | - | 43.5% | 48.2% | 50.8% | - |
| Operating margin | -10.9% | - | 5.1% | 8.2% | 5.6% | - | -70.9% | -25.1% | -41.1% | - |
| EBITDA margin | -10.9% | - | 5.1% | 8.2% | 5.6% | - | -70.9% | -25.1% | -41.0% | - |
| Net margin | -8.9% | - | 5.1% | 8.2% | 5.7% | - | -70.8% | -25.5% | -41.2% | - |
| Free cash flow margin | -9.4% | - | - | - | 19.4% | - | - | - | -22.7% | - |
| FCF / Net income | 1.06 | - | - | - | 3.42 | - | - | - | 0.55 | - |
| R&D / Revenue | 5.7% | - | 4.8% | 3.6% | 4.6% | - | 19.9% | 14.7% | 20.9% | - |
| SG&A / Revenue | 16.0% | - | 14.4% | 8.5% | 11.0% | - | 39.1% | 27.4% | 27.1% | - |
| Effective tax rate | - | - | 2.5% | 1.2% | 0.5% | - | - | - | - | - |
| Return on assets | -2.5% | - | 1.6% | 4.8% | 3.0% | - | -14.0% | -5.9% | -7.8% | - |
| Return on equity | -3.1% | - | 1.9% | 5.9% | 3.6% | - | -17.0% | -6.9% | -9.1% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 2.16 | 2.06 | 2.98 | 2.11 | 2.27 | 1.45 | 1.21 | 1.63 | 1.61 | 1.64 |
| Quick ratio | 2.16 | 2.06 | 2.98 | 2.11 | 2.27 | 1.45 | 1.21 | 1.63 | 1.61 | 1.64 |
| Cash ratio | 1.72 | 1.92 | 2.80 | 1.97 | 2.00 | 1.07 | 0.98 | 1.38 | 1.45 | 1.53 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | 1.22 | 1.26 | 1.19 | 1.24 | 1.20 | 1.24 | 1.21 | 1.18 | 1.17 | 1.18 |
| Liabilities / Assets | 0.18 | 0.21 | 0.16 | 0.19 | 0.17 | 0.19 | 0.17 | 0.15 | 0.14 | 0.15 |
| Efficiency | ||||||||||
| Asset turnover | 0.29 | - | 0.32 | 0.58 | 0.53 | - | 0.20 | 0.23 | 0.19 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 27d | - | 14d | 6d | 25d | - | 35d | 26d | 10d | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | 30d | - | 8d | 4d | 14d | - | 25d | 18d | 22d | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -17.5% | - | 135.9% | 235.5% | 211.2% | - | 68.0% | 151.5% | 86.2% | - |
| Revenue CAGR (3y) | 68.5% | - | 51.6% | 82.1% | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | -31.9% | - | 100.4% | 114.0% | 102.9% | - | 4.5% | 65.1% | -15.9% | - |
| Operating income growth (YoY) | - | - | - | - | - | - | -71.8% | 3.6% | -91.6% | - |
| Net income growth (YoY) | - | - | - | - | - | - | -70.8% | 2.5% | -95.2% | - |
| EPS growth (YoY) | - | - | - | - | - | - | 90.9% | - | 66.7% | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | 40.9% | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 52.5% | 33.8% | 49.6% | 26.5% | 7.3% | -6.6% | -19.4% | -12.1% | 70.3% | 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%
Peer comparison
Same SIC group: Finance Services
Comparing STARTENGINE CROWDFUNDING against the 5 most active filers in the same SIC group.