MTC on Nasdaq
MMTEC, INC.
MMTEC, INC. is a security brokers company in the British Virgin Islands, listed on Nasdaq (MTC).1
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Last updated Oct 21, 2026.
Overview
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- TickerMTC on Nasdaq1
- IndustrySecurity Brokers, Dealers & Flotation Companies1
- HeadquartersD81
- Incorporated inVirgin Islands, British3
- Business addressRoom 2302, 23Rd Floor - Financial Center, 308 Central Des Voeux, 308 Des Voeux Road Central3
- Filer categoryNon-accelerated filer3
- Legal formCorporation
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The information contained on, or linked from, our website is not a part of this annual report.4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue78¢$633.0K
- Research and development5¢$40.2K
- Other costs16¢$125.3K
- Income tax1¢$9.0K
Out of $807.5K in revenue.2 The company lost money this year.
Financial statements
No quarterly figures reported.
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $26.9K5 | $200.8K6 | $742.1K7 | $568.6K8 | $1.1M9 | $869.9K2 | $1.9M2 | $807.5K2 |
| Cost of revenue | $16.3K5 | $90.9K6 | $7.4K7 | $141.3K8 | $231.1K9 | $172.9K2 | $343.1K2 | $633.0K2 |
| Gross profit | $10.6K5 | $109.9K6 | $734.7K7 | $427.3K8 | $842.3K9 | $697.0K2 | $1.5M2 | $174.5K2 |
| Research and development | $828.4K5 | $737.3K6 | $410.8K7 | $744.4K8 | $828.9K9 | $364.0K2 | $73.3K2 | $40.2K2 |
| Operating expenses | $7.0M8 | $6.8M9 | $5.5M2 | $4.6M2 | $4.0M2 | |||
| Operating income | -$2.3M5 | -$2.9M6 | -$3.2M7 | -$6.5M8 | -$5.9M9 | -$4.8M2 | -$3.1M2 | -$3.8M2 |
| Interest | $125 | -$4.2M2 | ||||||
| Income before tax | -$7.1M8 | -$5.7M9 | -$7.8M2 | -$91.1M2 | -$56.1M2 | |||
| Income tax | $24.5K2 | $9.0K2 | ||||||
| Net income | -$2.3M5 | -$2.2M6 | -$3.2M7 | -$7.1M8 | -$5.6M9 | $45.5M2 | -$91.2M2 | -$56.1M2 |
| Earnings per share | -$0.116 | -$1.567 | -$2.887 | -$1.617 | ||||
| Earnings per share (diluted) | -$0.116 | -$1.567 | -$2.887 | -$1.617 | ||||
| Shares (weighted, basic) | 2.5M shares8 | 437.1K shares9 | 13.2M shares2 | 25.0M shares2 | 53.6M shares2 | |||
| Shares (weighted, diluted) | 2.5M shares8 | 437.1K shares9 | 13.2M shares2 | 25.0M shares2 | 53.6M shares2 |
No quarterly figures reported.
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash | $93.6K5 | $3.6M5 | $1.4M5 | $11.2M8 | $3.8M8 | $1.8M9 | $2.9M2 | $8.2M2 |
| Receivables | $200.0K8 | $92.0K9 | ||||||
| Current assets | $330.5K10 | $4.3M5 | $2.3M6 | $13.8M7 | $9.0M8 | $3.0M9 | $3.0M2 | $8.4M2 |
| Property, plant and equipment | $267.4K7 | $184.4K8 | $129.1K9 | $85.8K2 | $2.5K2 | |||
| Goodwill | $108.2M8 | $108.2M9 | $108.2M2 | |||||
| Total assets | $194.0K5 | $6.2M5 | $3.7M6 | $14.6M7 | $11.4M8 | $157.0M9 | $65.9M2 | $18.4M2 |
| Short-term debt | $356.3K6 | $405.6K7 | ||||||
| Current liabilities | $807.2K10 | $805.5K5 | $658.0K6 | $1.1M7 | $1.2M8 | $5.5M9 | $7.3M2 | $669.2K2 |
| Long-term liabilities | $107.5K7 | $857.2K8 | $32.6M9 | $32.0M2 | $3.2M2 | |||
| Total liabilities | $807.2K10 | $1.5M5 | $1.0M6 | $1.2M7 | $2.0M8 | $38.1M2 | $39.3M2 | $3.9M2 |
| Retained earnings | -$16.6M7 | -$22.3M8 | $23.2M2 | -$67.9M2 | -$124.0M2 | |||
| Shareholders’ equity | -$444.3K6 | $4.8M7 | $2.7M7 | $13.4M7 | $9.4M8 | $118.9M2 | $26.6M2 | $14.5M2 |
| Shares outstanding | 18.0M shares10 | 20.1M shares5 | 20.8M shares6 | 3.1M shares7 | 5.1M shares8 | 24.9M shares9 | 25.2M shares9 | 99.6M shares2 |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | -$1.9M5 | -$2.1M6 | -$2.0M7 | -$4.1M8 | -$5.6M9 | -$5.2M2 | $722.9K2 | -$3.7M2 |
| Depreciation and amortization | $40.1K7 | $66.4K7 | ||||||
| Stock-based compensation | $1.0M8 | |||||||
| Capital spending | $23.9K5 | $129.8K6 | $18.4K7 | $37.1K8 | $3.8K9 | $9702 | $5.0K2 | |
| Free cash flow | -$1.9M | -$2.3M | -$2.0M | -$4.1M | -$5.6M | -$5.2M | $717.8K | |
| Cash from investing | -$2.6M8 | -$3.5M9 | -$86.5M2 | $629.5K2 | $9.0M2 | |||
| Cash from financing | $16.5M8 | $1.8M9 | $89.7M2 | -$241.8K2 |
Corporate structure
MMTEC, INC. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of MMTEC, INC.
- Ayrton Capital LLC Filed SC 13G/A on MMTEC, INC., latest Feb 14, 2023 (2 filings since Feb 10, 2022)
- Betop Tech Ltd Filed SC 13G on MMTEC, INC., latest Jan 13, 2022
- SABBY MANAGEMENT, LLC Filed SC 13G/A on MMTEC, INC., latest Jan 4, 2022
- MMTEC, INC. D8
Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What MMTEC, INC. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, before depreciation | $376.4K9 Dec 31, 2024 | $390.9K9 Dec 31, 2023 | −3.7% |
| Accumulated depreciation | $290.6K9 Dec 31, 2024 | $261.9K9 Dec 31, 2023 | +11.0% |
| Property and equipment, net | $2.5K2 Dec 31, 2025 | $85.8K2 Dec 31, 2024 | −97.1% |
| Operating-lease assets (leased space) | $507.3K2 Dec 31, 2025 | $436.9K2 Dec 31, 2024 | +16.1% |
Investments
Intangibles and goodwill
Leadership
Who has led MMTEC, INC., and when. Pick a name to see everywhere that person has worked.
- Chief executive officerXiangdong Wen Mar 31, 2026 to now11
- ChairXiangdong Wen Mar 31, 2026 to now11
Board members and other officers (3)
- Board memberDan Fu Mar 31, 2026 to now12
- Board memberQingshun Meng Mar 31, 2026 to now13
- Board memberXiaofei Ren Mar 31, 2026 to now14
Named in SEC Form D filings
People the company listed in its private-offering notices.
Timeline
- Mar 31, 2026New chief executive Xiangdong Wen becomes CEO11
Filings
75 filings to the SEC since October 2021: 5 annual reports, 5 insider forms, 4 large holders, 1 private raises, 60 other. The latest 20:
- Aug 12, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Apr 2, 202620-F ANNUAL REPORT EDGAR
- Mar 31, 20263 EDGAR
- Mar 31, 20263 EDGAR
- Mar 31, 20263 EDGAR
- Mar 31, 20263 EDGAR
- Mar 31, 20263 EDGAR
- Jan 29, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Dec 11, 20256-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Oct 28, 20256-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Sep 10, 20256-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Aug 4, 2025EFFECT EDGAR
- Jul 30, 2025CORRESP EDGAR
- Jul 30, 2025F-3/A AMENDMENT NO. 1 TO FORM F-3 EDGAR
- Jul 28, 2025UPLOAD EDGAR
- Jul 22, 2025F-3 REGISTRATION STATEMENT EDGAR
- Apr 24, 20256-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Apr 9, 202520-F ANNUAL REPORT EDGAR
- Jan 28, 20256-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Jan 10, 20256-K CURRENT REPORT EDGAR
The 75 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Ayrton Capital LLCSC 13G/A, 2 filings Feb 10, 2022 to Feb 14, 202316
- Betop Tech LtdSC 13G, 1 filing Jan 13, 202217
- SABBY MANAGEMENT, LLCSC 13G/A, 1 filing Jan 4, 202218
Money raised
Private offerings the company reported to the SEC on Form D.
- Dec 20, 2021Raised $2 million in a private offering of equity Form D: 1 investor so far Form D
SEC filer profile
How MMTEC, INC. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARMMTEC, INC.1
- CIK0001742518
- Filer statusNon-accelerated filer not an emerging growth company; not a shell company4
- Incorporated inBritish Virgin Islands4
- Fiscal year endsDecember 311
- Industry code (SIC)6211 Security Brokers, Dealers & Flotation Companies1
- SEC reviewing officeOffice of Finance, Division of Corporation Finance1
- Business addressRoom 2302, 23Rd Floor - Financial Center, 308 Central Des Voeux, 308 Des Voeux Road Central, Sheung Wan, Hong Kong1
- Phone85-2369083561
- Shares outstanding99,587,811 shares as of Dec 31, 20254
- AuditorHTL International, LLC, Houston, Texas PCAOB ID 7000; no auditor attestation of internal control over financial reporting4
- On EDGAR sinceJun 1, 20181
- Filings115 in all: 6-K (56), 20-F (8), CORRESP (7), 3 (5), 424B5 (4), EFFECT (4), UPLOAD (4), F-1/A (3)1
All 23 form types
F-3 (3), SC 13G (3), SC 13G/A (3), 144 (2), 6-K/A (2), F-3/A (2), 424B2 (1), 424B4 (1), 8-A12B (1), CERT (1), D (1), DRS (1), DRS/A (1), DRSLTR (1), F-1 (1)
- Latest filingsAnnual report (20-F) Apr 2, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Common Shares, par value $0.08 | MTC | NASDAQ |
From the cover page of the 20-F filed Apr 2, 2026 (Section 12(b) of the Exchange Act).4
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1SEC EDGARMMTEC, INC. filings on SEC EDGAR
- 2SEC EDGARMMTEC, INC. 10-K for fiscal 2025
- 3SEC EDGARMMTEC, INC. filings on SEC EDGAR
- 4
- 5SEC EDGARMMTEC, INC. 10-K for fiscal 2018
- 6SEC EDGARMMTEC, INC. 10-K for fiscal 2019
- 7SEC EDGARMMTEC, INC. 10-K for fiscal 2020
- 8SEC EDGARMMTEC, INC. 10-K for fiscal 2021
- 9SEC EDGARMMTEC, INC. 10-K for fiscal 2022
- 10SEC EDGARMMTEC, INC. 10-K for fiscal 2018
- 11
- 12SEC EDGARDan Fu, Board member
- 13SEC EDGARQingshun Meng, Board member
- 14SEC EDGARXiaofei Ren, Board member
- 15SEC EDGARMMTEC, INC. Form D naming Min Kong
- 16
- 17SEC EDGARBetop Tech Ltd SC 13G on MMTEC, INC.
- 18