MDB Capital Holdings, LLC
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 01/16/22 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Research and development | — | $1.5M | $528,178 | $348,085 | — |
| Operating expenses | $22.6M | $30.8M | $14.5M | $7.3M | — |
| Operating income | $4.9M | $2.2M | $6.0M | $1.2M | — |
| Interest expense | — | $72,000 | — | — | — |
| Pretax income | -$17.0M | $12.0M | -$7.6M | -$5.9M | — |
| Income tax expense | $11,000 | $2,000 | $127,918 | — | — |
| Net income | -$21.2M | $11.7M | -$7.0M | -$5.3M | — |
| Balance Sheet | |||||
| Cash and equivalents | $13.2M | $20.4M | $6.1M | $5.0M | — |
| Total assets | $63.7M | $72.0M | $43.0M | $25.7M | — |
| Total liabilities | $3.2M | $1.9M | $5.7M | $2.6M | — |
| Stockholders' equity | $60.7M | $70.2M | $37.3M | $22.6M | $5.9M |
| Cash Flow Statement | |||||
| Cash from operations | -$5.7M | -$9.0M | -$7.1M | -$6.6M | — |
| Depreciation and amortization | $22,000 | $230,000 | $196,938 | $147,750 | — |
| Stock-based compensation | $11.8M | $14.4M | $4.4M | $218,355 | — |
| Capital expenditure | — | — | $438,784 | $193,252 | — |
| Free cash flow | — | — | -$7.6M | -$6.8M | — |
| Impairments | — | $200,000 | — | — | — |
Shares outstanding 5.4M · Free float 22.3%
Annual filing data through FY ended December 31, 2025; float as of July 16, 2026.