mF International Limited(MFI)Earnings, Financials & Key Ratios
MFI•NASDAQ
$10.10
$16M mkt cap·Price updated May 6, 2026
AboutmF International Limited, a holding company, engages in the research and development, and sale of financial trading solutions through the Internet or as a platform as a service in Hong Kong, mainland China, and Southeast Asia. It offers real-time mission critical forex, bullion/commodities trading platform solutions, financial value-added services, mobile applications, and financial information for brokers and institutional clients; and various services, including mF4 trading platform, bridge and plugins, customer relationship management system, electronic communication network system, liquidity solutions, cross-platform Broker+ solution, social trading applications, and other value-added services. The company also provides liquidity providers related services and other financial value-added services; and engages in the business of algorithm trading research and development, and investment activities. It serves financial institutions, including brokers, investment banks, institutional clients, liquidity providers, and financial services providers. The company was founded in 2002 and is headquartered in Wan Chai, Hong Kong. mF International Limited operates as a subsidiary of Gaderway Investments Limited.Show more
- Revenue$26M-18.4%
- EBITDA-$13M-294.6%
- Net Income-$20M-404.9%
- EPS (Diluted)-12.70-377.3%
- Gross Margin47.16%-16.1%
- EBITDA Margin-50.85%-338.4%
- Operating Margin-74.26%-455.2%
- Net Margin-77.48%-473.6%
- ROE-84.82%-241.8%
- ROIC-69.68%-319.5%
- Debt/Equity0.21-80.7%
MFI Key Insights
mF International Limited (MFI) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Good 3Y average ROE of 17.0%
✗Weaknesses
- ✗Weak Piotroski F-Score: 2/9
- ✗Negative free cash flow
- ✗Weak momentum: RS Rating 8 (bottom 8%)
- ✗Trading more than 30% below 52-week high
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
MFI Price & Volume
mF International Limited (MFI) stock price & volume — 10-year historical chart
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MFI Growth Metrics
mF International Limited (MFI) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years-
3 Years-6.79%
TTM-12.12%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-292.13%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-266.67%
Return on Capital
10 Years16.76%
5 Years16.76%
3 Years0.53%
Last Year-61.56%
MFI Recent Earnings
mF International Limited (MFI) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 0/10 qtrs (0%)●Beat Revenue 0/10 qtrs (0%)
Q4 2025Latest
Oct 3, 2025EPS
$1.05
Est $0.16
-556.3%
Revenue
$2M
Est $2M
-0.7%
Q2 2025
Apr 23, 2025EPS
$1.12
Revenue
$2M
Q4 2024
Dec 31, 2024EPS
$1.14
Revenue
$2M
Q3 2024
Jun 30, 2024EPS
$0.47
Revenue
$2M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q4 2025Latest | Oct 3, 2025 | $1.05vs $0.16-556.3% | $2Mvs $2M-0.7% |
| Q2 2025 | Apr 23, 2025 | $1.12 | $2M |
| Q4 2024 | Dec 31, 2024 | $1.14 | $2M |
| Q3 2024 | Jun 30, 2024 | $0.47 | $2M |
Based on last 10 quarters of dataView full earnings history →
MFI Peer Comparison
mF International Limited (MFI) competitors in Financial services and insurance software — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 RCON | 17.7M | 0.89 | -1.29 | -3.73% | -64.25% | -9.15% | 0.08 | |
 CLPS | 25.89M | 0.93 | -3.56 | 15.17% | -1.27% | -6.06% | 0.59 | |
 FTFT | 7.02M | 1.39 | -0.60 | 77.47% | -120.63% | -16.38% | 0.04 | |
 CNET | 1.99M | 0.75 | -0.40 | -49.52% | -33.36% | -60.34% | 0.03 | |
 AIXI | 7.9M | 0.75 | -0.47 | 18.84% | -45.89% | |||
 EDTK | 15.93M | 1.00 | -5.26 | -55.29% | -416.15% | -133.28% | 0.05 | |
 TIGR | 676.45M | 6.93 | 19.25 | 43.68% | 17.64% | 0.27 | ||
 FUTU | 59.73B | 168.00 | 33.86 | 35.79% | 26.38% | 0.31 |
Compare MFI vs Peers
mF International Limited (MFI) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
MFI Income Statement
mF International Limited (MFI) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|
| Sales/Revenue | 35.19M | 32.21M | 34.93M | 31.96M | 26.09M | 58.96M |
| Revenue Growth % | - | -8.46% | 8.44% | -8.5% | -18.38% | -12.12% |
| Cost of Goods Sold | 20.17M | 16.26M | 16.51M | 14M | 13.78M | 30.6M |
| COGS % of Revenue | 57.32% | 50.48% | 47.27% | 43.79% | 52.84% | - |
| Gross Profit | 15.02M▲ 0% | 15.95M▲ 6.2% | 18.42M▲ 15.5% | 17.97M▼ 2.5% | 12.3M▼ 31.5% | 28.37M▲ 0% |
| Gross Margin % | 42.68% | 49.52% | 52.73% | 56.21% | 47.16% | 48.11% |
| Gross Profit Growth % | - | 6.2% | 15.46% | -2.46% | -31.52% | - |
| Operating Expenses | 6.02M | 5.42M | 10.88M | 11.28M | 31.67M | 57.68M |
| OpEx % of Revenue | 17.11% | 16.82% | 31.14% | 35.3% | 121.42% | - |
| Selling, General & Admin | 5.48M | 5.39M | 10.8M | 11.27M | 31.5M | 57.48M |
| SG&A % of Revenue | 15.56% | 16.73% | 30.91% | 35.27% | 120.76% | - |
| Research & Development | 543.8K | 29.48K | 80.01K | 11.37K | 172.81K | 205.09K |
| R&D % of Revenue | 1.55% | 0.09% | 0.23% | 0.04% | 0.66% | - |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | 9M▲ 0% | 10.53M▲ 17.0% | 7.54M▼ 28.4% | 6.68M▼ 11.4% | -19.37M▼ 389.9% | -29.32M▲ 0% |
| Operating Margin % | 25.58% | 32.7% | 21.59% | 20.91% | -74.26% | -49.72% |
| Operating Income Growth % | - | 17.04% | -28.4% | -11.41% | -389.89% | - |
| EBITDA | 9.41M | 10.79M | 7.76M | 6.82M | -13.26M | -29.04M |
| EBITDA Margin % | 26.75% | 33.49% | 22.23% | 21.33% | -50.85% | -49.25% |
| EBITDA Growth % | - | 14.62% | -28.02% | -12.2% | -294.56% | -271.87% |
| D&A (Non-Cash Add-back) | 411.33K | 253.06K | 222.17K | 134.95K | 6.11M | 279.53K |
| EBIT | 9M | 10.53M | 7.54M | 6.68M | -19.37M | -29.32M |
| Net Interest Income | -347.32K | -479.9K | -443.58K | -353K | 101.15K | 107.07K |
| Interest Income | 347.32K | 0 | 0 | 0 | 101.15K | 509.18K |
| Interest Expense | 0 | 479.9K | 443.58K | 353K | 0 | 99.35K |
| Other Income/Expense | 3.5M | 246.53K | -336.03K | 94.97K | -58K | 2.2M |
| Pretax Income | 12.5M▲ 0% | 10.78M▼ 13.7% | 7.21M▼ 33.2% | 6.78M▼ 6.0% | -19.43M▼ 386.7% | -27.12M▲ 0% |
| Pretax Margin % | 35.51% | 33.47% | 20.63% | 21.2% | -74.48% | -46% |
| Income Tax | 815.27K | 431.63K | 387.85K | 148.31K | 781.76K | 2.8M |
| Effective Tax Rate % | 6.52% | 4% | 5.38% | 2.19% | -4.02% | -10.33% |
| Net Income | 11.68M▲ 0% | 10.35M▼ 11.4% | 6.82M▼ 34.1% | 6.63M▼ 2.8% | -20.21M▼ 404.9% | -29.5M▲ 0% |
| Net Margin % | 33.19% | 32.13% | 19.52% | 20.74% | -77.48% | -50.03% |
| Net Income Growth % | - | -11.4% | -34.12% | -2.78% | -404.89% | -292.13% |
| Net Income (Continuing) | 11.68M | 10.35M | 6.82M | 6.63M | -20.21M | -29.5M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 8.08▲ 0% | 6.25▼ 22.6% | 4.12▼ 34.1% | 4.58▲ 11.2% | -12.70▼ 377.3% | -17.81▲ 0% |
| EPS Growth % | - | -22.65% | -34.08% | 11.16% | -377.29% | -266.67% |
| EPS (Basic) | 8.08 | 6.25 | 4.12 | 4.00 | -12.70 | - |
| Diluted Shares Outstanding | 1.45M | 1.66M | 1.66M | 1.45M | 1.59M | 1.66M |
| Basic Shares Outstanding | 1.45M | 1.66M | 1.66M | 1.66M | 1.59M | 1.66M |
| Dividend Payout Ratio | - | - | 146.66% | 80.39% | - | - |
MFI Balance Sheet
mF International Limited (MFI) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|
| Total Current Assets | 24.02M | 18.68M | 15.52M | 10.1M | 34.01M | 24.79M |
| Cash & Short-Term Investments | 22.98M | 17.13M | 14.04M | 7.15M | 20M | 13.22M |
| Cash Only | 19.33M | 10.08M | 12.06M | 6.81M | 19.66M | 12.88M |
| Short-Term Investments | 3.65M | 7.05M | 1.98M | 343.86K | 343.86K | 343.86K |
| Accounts Receivable | 244.72K | 681.23K | 1.13M | 2.58M | 1.12M | 389.1K |
| Days Sales Outstanding | 2.54 | 7.72 | 11.84 | 29.46 | 15.68 | 8.05 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | -1.2 |
| Other Current Assets | 566.73K | 0 | 0 | 0 | 2.34M | 2.34M |
| Total Non-Current Assets | 14.83M | 14.66M | 19.02M | 23.75M | 24.3M | 18.95M |
| Property, Plant & Equipment | 2.09M | 56.69K | 237.54K | 2.99M | 1.97M | 1.16M |
| Fixed Asset Turnover | 16.86x | 568.23x | 147.05x | 10.67x | 13.26x | 28.06x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 12.74M | 13.74M | 13.56M | 15.34M | 18.79M | 17.57M |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 0 | 830.25K | 5.2M | 5.42M | 3.55M | 15.21M |
| Total Assets | 38.85M▲ 0% | 33.34M▼ 14.2% | 34.54M▲ 3.6% | 33.85M▼ 2.0% | 58.31M▲ 72.2% | 43.74M▲ 0% |
| Asset Turnover | 0.91x | 0.97x | 1.01x | 0.94x | 0.45x | 1.13x |
| Asset Growth % | - | -14.17% | 3.59% | -1.99% | 72.24% | 162.74% |
| Total Current Liabilities | 14.83M | 10.26M | 11.9M | 12.18M | 17.04M | 18.23M |
| Accounts Payable | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Payables Outstanding | - | - | - | - | - | - |
| Short-Term Debt | 1.49M | 2.73M | 3.7M | 3.86M | 4.01M | 3.76M |
| Deferred Revenue (Current) | 0 | 5.47M | 4.2M | 0 | 8.67M | 18.16M |
| Other Current Liabilities | 10.47M | -310.01K | 0 | 4.62M | 2.07M | 12.4M |
| Current Ratio | 1.62x | 1.82x | 1.30x | 0.83x | 2.00x | 2.00x |
| Quick Ratio | 1.62x | 1.82x | 1.30x | 0.83x | 2.00x | 2.00x |
| Cash Conversion Cycle | - | - | - | - | - | 6.85 |
| Total Non-Current Liabilities | 13.86M | 15.6M | 12.21M | 9.93M | 5.35M | 3.28M |
| Long-Term Debt | 12.17M | 13.6M | 9.92M | 6.06M | 2.05M | 314.36K |
| Capital Lease Obligations | 138.28K | 0 | 138.29K | 1.57M | 123.25K | 2.55M |
| Deferred Tax Liabilities | 0 | 0 | 2.15M | 2.29M | 3.07M | 5.37M |
| Other Non-Current Liabilities | 1.56M | 2M | 2.15M | 0 | 0 | 4.36M |
| Total Liabilities | 28.7M | 25.86M | 24.11M | 22.11M | 22.39M | 21.51M |
| Total Debt | 15.42M | 16.47M | 15.38M | 12.89M | 7.62M | 4.92M |
| Net Debt | -3.92M | 6.38M | 3.32M | 6.08M | -12.04M | -7.95M |
| Debt / Equity | 1.52x | 2.20x | 1.48x | 1.10x | 0.21x | 0.21x |
| Debt / EBITDA | 1.64x | 1.53x | 1.98x | 1.89x | - | -0.17x |
| Net Debt / EBITDA | -0.42x | 0.59x | 0.43x | 0.89x | - | 0.27x |
| Interest Coverage | - | 21.95x | 17.00x | 18.93x | - | -295.07x |
| Total Equity | 10.15M▲ 0% | 7.48M▼ 26.3% | 10.43M▲ 39.3% | 11.74M▲ 12.6% | 35.91M▲ 205.8% | 22.23M▲ 0% |
| Equity Growth % | - | -26.28% | 39.34% | 12.64% | 205.81% | 562.28% |
| Book Value per Share | 7.01 | 4.52 | 6.29 | 8.11 | 22.57 | 13.42 |
| Total Shareholders' Equity | 10.15M | 7.48M | 10.43M | 11.74M | 35.91M | 22.23M |
| Common Stock | 3.9K | 3.9K | 3.9K | 3.9K | 3.9K | 3.9K |
| Retained Earnings | 19.42M | 29.77M | 8.48M | 9.78M | -10.43M | -24.13M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -11.32M | -24.34M | -99.26K | -81.39K | -77.43K | -64.64K |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 |
MFI Cash Flow Statement
mF International Limited (MFI) cash flow — operating, investing & free cash flow history
| Line item | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|
| Cash from Operations | 23.66M | 12.73M | 13.5M | 11.32M | -21.88M | -21.88M |
| Operating CF Margin % | 67.22% | 39.53% | 38.64% | 35.43% | -83.87% | - |
| Operating CF Growth % | - | -46.17% | 5.98% | -16.09% | -293.18% | -604.19% |
| Net Income | 11.68M | 10.35M | 6.82M | 6.63M | -20.21M | -29.5M |
| Depreciation & Amortization | 2.18M | 7.95M | 8.08M | 7.28M | 6.11M | 10.89M |
| Stock-Based Compensation | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes | 0 | 431.63K | 158.49K | 154.19K | 781.76K | 0 |
| Other Non-Cash Items | 12.08M | -5.14M | -1.15M | 1.01M | 893.17K | 11.86M |
| Working Capital Changes | -2.29M | -858.56K | -410.34K | -3.75M | -9.45M | -10.36M |
| Change in Receivables | 164.04K | -56.16K | -121.22K | -312.19K | 668.92K | 318.63K |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Investing | -4.8M | -11.35M | -2.13M | -5.69M | -8.43M | -13.86M |
| Capital Expenditures | 0 | -934.89K | -771.01K | -48.16K | -463.48K | -494.5K |
| CapEx % of Revenue | - | 2.9% | 2.21% | 0.15% | 1.78% | - |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - |
| Other Investing | -4.8M | -9.89M | -1.85M | -7.27M | -7.97M | -13.36M |
| Cash from Financing | -4.01M | -10.64M | -9.4M | -10.89M | 45.49M | 39.34M |
| Debt Issued (Net) | 3.57M | 2.36M | -2.4M | -3.69M | -3.87M | -1.99M |
| Equity Issued (Net) | 0 | 0 | 0 | 0 | 1000K | -1000K |
| Dividends Paid | 0 | 0 | -10M | -5.33M | 0 | -2.8M |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | -24.68M |
| Other Financing | -7.59M | -13M | 2.99M | -1.86M | -9.14M | 68.81M |
| Net Change in Cash | 14.89M▲ 0% | -9.25M▼ 162.2% | 1.98M▲ 121.4% | -5.25M▼ 365.0% | 15.19M▲ 389.1% | 15.21M▲ 0% |
| Free Cash Flow | 23.66M▲ 0% | 5.47M▼ 76.9% | 13.45M▲ 146.1% | 4.01M▼ 70.2% | -30.31M▼ 856.6% | -17.6M▲ 0% |
| FCF Margin % | 67.22% | 16.97% | 38.52% | 12.53% | -116.19% | -29.86% |
| FCF Growth % | - | -76.89% | 146.07% | -70.23% | -856.61% | -184.02% |
| FCF per Share | 16.34 | 3.30 | 8.12 | 2.77 | -19.05 | -19.05 |
| FCF Conversion (FCF/Net Income) | 2.03x | 1.23x | 1.98x | 1.71x | 1.08x | 0.60x |
| Interest Paid | 0 | 480.4K | 0 | 0 | 325.08K | 412.45K |
| Taxes Paid | 0 | 9.9K | 0 | 0 | 124.07K | 0 |
MFI Key Ratios
mF International Limited (MFI) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2021 | 2022 | 2023 | 2024 | TTM |
|---|---|---|---|---|---|
| Return on Equity (ROE) | 117.39% | 76.15% | 59.8% | -84.82% | -132.69% |
| Return on Invested Capital (ROIC) | 78.62% | 40.98% | 31.75% | -69.68% | -69.68% |
| Gross Margin | 49.52% | 52.73% | 56.21% | 47.16% | 48.11% |
| Net Margin | 32.13% | 19.52% | 20.74% | -77.48% | -50.03% |
| Debt / Equity | 2.20x | 1.48x | 1.10x | 0.21x | 0.21x |
| Interest Coverage | 21.95x | 17.00x | 18.93x | - | -295.07x |
| FCF Conversion | 1.23x | 1.98x | 1.71x | 1.08x | 0.60x |
| Revenue Growth | -8.46% | 8.44% | -8.5% | -18.38% | -12.12% |
MFI Frequently Asked Questions
mF International Limited (MFI) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
mF International Limited (MFI) reported $59.0M in revenue for fiscal year 2024. This represents a 68% increase from $35.2M in 2020.
mF International Limited (MFI) saw revenue decline by 18.4% over the past year.
mF International Limited (MFI) reported a net loss of $29.5M for fiscal year 2024.
Dividend & Returns
mF International Limited (MFI) has a return on equity (ROE) of -84.8%. Negative ROE indicates the company is unprofitable.
mF International Limited (MFI) had negative free cash flow of $17.6M in fiscal year 2024, likely due to heavy capital investments.
Explore More MFI
mF International Limited (MFI) financial analysis — history, returns, DCA and operating performance tools
Total Return Calculator
Historical returns with dividends reinvested
DCA Calculator
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Dividend History
Yield, growth, payout safety & DRIP
Earnings History
EPS trends, net income & profitability
Price History
Long-term charts & historical price data
Revenue History
Sales growth patterns & revenue breakdown
Financial Ratios
30 years of market, efficiency and balance-sheet ratios
Valuation
DCF intrinsic value, peer multiples & estimates