MDWerks, Inc. — Financial Data
Annual figures from SEC EDGAR XBRL filings (10-K)
These figures are extracted directly from XBRL-tagged financial statements that MDWerks, Inc. filed with the SEC as part of its annual 10-K reports. XBRL (eXtensible Business Reporting Language) is a structured data format the SEC requires for machine-readable financial disclosures. Values shown are as reported — negative figures indicate a loss and are shown in red.
Revenue
Total revenue from all business activities — the top line of the income statement. Represents all money earned before any expenses are deducted.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2023 | Dec 31, 2023 | $104.1K | Jun 28, 2024 |
Revenue
Revenue recognized from contracts with customers under ASC 606, excluding taxes collected on behalf of government authorities. This is the primary revenue concept for many companies.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $2.21M | Mar 31, 2026 |
| FY2025 | Dec 31, 2024 | $2.36M | Mar 31, 2026 |
| FY2024 | Dec 31, 2023 | $104.1K | Mar 25, 2025 |
Gross Profit
Revenue minus the cost of goods sold (COGS). Gross profit shows how much revenue remains to cover operating expenses, R&D, and administrative costs before calculating operating income.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | ($350.3K) | Mar 31, 2026 |
| FY2025 | Dec 31, 2024 | $874.0K | Mar 31, 2026 |
| FY2024 | Dec 31, 2023 | $22.4K | Mar 25, 2025 |
Net Income
The bottom-line profit — what remains after all operating expenses, interest, taxes, and other costs are deducted. A negative value means the company reported a net loss for the year.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | ($3.80M) | Mar 31, 2026 |
| FY2025 | Dec 31, 2024 | ($1.62M) | Mar 31, 2026 |
| FY2024 | Dec 31, 2023 | ($291.7K) | Mar 25, 2025 |
| FY2023 | Dec 31, 2022 | ($153.7K) | Jun 28, 2024 |
| FY2022 | Dec 31, 2021 | $38.0K | May 31, 2023 |
| FY2021 | Dec 31, 2020 | ($20.6K) | Apr 15, 2022 |
Operating Income
Profit from core business operations before interest expense and income taxes (also known as EBIT). Excludes non-operating items, making it a cleaner measure of operational efficiency than net income.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | ($3.74M) | Mar 31, 2026 |
| FY2025 | Dec 31, 2024 | ($1.50M) | Mar 31, 2026 |
| FY2024 | Dec 31, 2023 | ($452.6K) | Mar 25, 2025 |
| FY2023 | Dec 31, 2022 | ($153.7K) | Jun 28, 2024 |
| FY2022 | Dec 31, 2021 | ($20.8K) | May 31, 2023 |
| FY2021 | Dec 31, 2020 | ($13.7K) | Apr 15, 2022 |
SG&A Expense
Selling, general, and administrative expenses — the overhead costs of running the business, including salaries, marketing, legal fees, and corporate office costs. Excludes COGS and R&D.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $2.30M | Mar 31, 2026 |
| FY2025 | Dec 31, 2024 | $1.85M | Mar 31, 2026 |
| FY2024 | Dec 31, 2023 | $459.9K | Mar 25, 2025 |
Operating Cash Flow
Cash generated from core business operations — a more reliable measure of financial health than net income because it strips out non-cash items like depreciation and one-time charges.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | ($1.57M) | Mar 31, 2026 |
| FY2025 | Dec 31, 2024 | ($782.0K) | Mar 31, 2026 |
| FY2024 | Dec 31, 2023 | ($519.8K) | Mar 25, 2025 |
| FY2023 | Dec 31, 2022 | ($120.4K) | Jun 28, 2024 |
| FY2022 | Dec 31, 2021 | ($19.7K) | May 31, 2023 |
| FY2021 | Dec 31, 2020 | $0 | Apr 15, 2022 |
Capital Expenditures (Capex)
Cash spent on acquiring or upgrading physical assets — property, equipment, and infrastructure. High capex businesses include manufacturing, telecom, and energy companies.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $872.2K | Mar 31, 2026 |
| FY2025 | Dec 31, 2024 | $7.0K | Mar 31, 2026 |
| FY2024 | Dec 31, 2023 | $88.0K | Mar 25, 2025 |
Total Assets
The total value of everything the company owns or controls — cash, investments, receivables, property, equipment, and intangibles. Reported as of fiscal year end.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $4.05M | Mar 31, 2026 |
| FY2025 | Dec 31, 2024 | $2.92M | Mar 31, 2026 |
| FY2024 | Dec 31, 2023 | $3.23M | Mar 25, 2025 |
| FY2023 | Dec 31, 2022 | $23.7K | Jun 28, 2024 |
| FY2021 | Dec 31, 2021 | $0 | Apr 15, 2022 |
| FY2021 | Dec 31, 2020 | $0 | Apr 15, 2022 |
Total Liabilities
All financial obligations owed to outside parties — including debt, accounts payable, accrued expenses, and deferred revenue. Subtracting liabilities from total assets gives stockholders' equity.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $3.05M | Mar 31, 2026 |
| FY2025 | Dec 31, 2024 | $2.55M | Mar 31, 2026 |
| FY2024 | Dec 31, 2023 | $2.07M | Mar 25, 2025 |
| FY2023 | Dec 31, 2022 | $138.7K | Jun 28, 2024 |
| FY2022 | Dec 31, 2021 | $230.8K | May 31, 2023 |
| FY2021 | Dec 31, 2020 | $275.6K | Apr 15, 2022 |
Stockholders Equity
The net worth attributable to shareholders: total assets minus total liabilities. Also called book value. Can be negative if liabilities exceed assets, which is common in capital-intensive industries.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $1.00M | Mar 31, 2026 |
| FY2025 | Dec 31, 2024 | $371.0K | Mar 31, 2026 |
| FY2025 | Dec 31, 2023 | $1.16M | Mar 31, 2026 |
| FY2024 | Dec 31, 2022 | ($115.0K) | Mar 25, 2025 |
| FY2023 | Dec 31, 2021 | ($230.8K) | Jun 28, 2024 |
| FY2022 | Dec 31, 2020 | ($275.6K) | May 31, 2023 |
| FY2021 | Dec 31, 2019 | ($261.9K) | Apr 15, 2022 |
Goodwill
An intangible asset representing the premium paid above fair value when acquiring another company. A large goodwill balance signals a history of acquisitions at premium prices.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $466.6K | Mar 31, 2026 |
| FY2025 | Dec 31, 2024 | $466.6K | Mar 31, 2026 |
| FY2024 | Dec 31, 2023 | $466.6K | Mar 25, 2025 |
Retained Earnings
Cumulative net income kept by the company rather than distributed as dividends. A growing retained earnings balance indicates consistent profitability; a deficit indicates cumulative losses.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | ($6.16M) | Mar 31, 2026 |
| FY2025 | Dec 31, 2024 | ($2.36M) | Mar 31, 2026 |
| FY2024 | Dec 31, 2023 | ($739.4K) | Mar 25, 2025 |
| FY2023 | Dec 31, 2022 | ($447.7K) | Jun 28, 2024 |
| FY2022 | Dec 31, 2021 | ($294.0K) | May 31, 2023 |
| FY2021 | Dec 31, 2020 | ($332.0K) | Apr 15, 2022 |
Long-Term Debt
Debt obligations due more than one year from the balance sheet date — bonds, term loans, and notes payable. High long-term debt relative to equity can signal elevated financial leverage.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $367.7K | Mar 31, 2026 |
| FY2024 | Dec 31, 2024 | $488.9K | Mar 25, 2025 |
| FY2023 | Dec 31, 2023 | $189.2K | Jun 28, 2024 |
EPS (Basic)
Net income divided by the weighted average shares outstanding. Basic EPS does not account for dilutive securities like options or convertible bonds — use diluted EPS for a more conservative view.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 0 | Mar 31, 2026 |
| FY2025 | Dec 31, 2024 | 0 | Mar 31, 2026 |
| FY2024 | Dec 31, 2023 | 0 | Mar 25, 2025 |
| FY2023 | Dec 31, 2022 | 0 | Jun 28, 2024 |
| FY2022 | Dec 31, 2021 | 0 | May 31, 2023 |
| FY2021 | Dec 31, 2020 | 0 | Apr 15, 2022 |
EPS (Diluted)
Net income divided by the fully diluted share count — including all potential shares from options, warrants, and convertible instruments. The more conservative and widely cited EPS figure.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 0 | Mar 31, 2026 |
| FY2025 | Dec 31, 2024 | 0 | Mar 31, 2026 |
| FY2024 | Dec 31, 2023 | 0 | Mar 25, 2025 |
| FY2023 | Dec 31, 2022 | 0 | Jun 28, 2024 |
| FY2022 | Dec 31, 2021 | 0 | May 31, 2023 |
Shares Outstanding
Total common shares issued and held by all shareholders, excluding treasury shares. Combined with market price gives market capitalization.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 234.11M | Mar 31, 2026 |
| FY2025 | Dec 31, 2024 | 204.74M | Mar 31, 2026 |
| FY2024 | Dec 31, 2023 | 198.72M | Mar 25, 2025 |
| FY2023 | Dec 31, 2022 | 122.26M | Jun 28, 2024 |
| FY2022 | Dec 31, 2021 | 18.01M | May 31, 2023 |
| FY2021 | Dec 31, 2020 | 18.01M | Apr 15, 2022 |