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Mf International Ltd (MFI) stock

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NASDAQ: MFI Nasdaq Application Software

Mf International Ltd is a US-listed company in the application software industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

Under review: data-quality checks not passed.

Price vs value

Under review: data-quality checks not passed. We'll show the comparison once resolved.

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Funds1 adding, 2 cuttingOf 0 active managers that changed their stake, 0 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Mf International files

Where Mf International stands after its latest Filing

Mf International has little or no product revenue yet; it used $2m of cash in the twelve months. The diluted share count is up 250.5% on a year earlier, which dilutes existing holders. It passes 5 of our 6 financial-health checks.

Our model value for Mf International is under review, so past values are not shown until it is resolved.

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Mf International Ltd's trailing-twelve-month revenue grew 29.8% year on year, with a free-cash-flow margin of -47.4%.

Current signal Balance sheet growing far ahead of sales: Total assets grew 6813% year over year while revenue grew 30% — the balance sheet is expanding 6783 points faster than the business it supports.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Strengths

  • Fast growth. Revenue grew 29.8% over the last 12 months.
  • Growth speeding up. The growth rate is 47.9 points higher than a quarter earlier.
  • Net cash. Cash exceeds long-term debt by $0.0bn.

Things to watch

  • Loss-making. Operating margin is -143.7%: costs exceed revenue.
  • Margins narrowing. Operating margin is down 69.4 points on a year ago.
  • Burning cash. Free cash flow was -47.4% of revenue over the last 12 months.
  • Share dilution. Diluted shares rose 250.5% in a year.
  • Gross margin slipping. Gross margin is down 17.5 points on a year ago.
  • Weak cash conversion. Free cash flow was -20% of net income over the last 12 months.

Price chart

  • 1 day+2.6%
  • 1 week-5.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$4.3M
Operating margin
-143.7%
Net margin
232.8%
EPS (TTM, diluted)
$1.74

Growth

Revenue growth
+29.8%
Change in growth rate
+47.9 pts
Share count change
+250.5%

Cash

Free cash flow (TTM)
-$2.1M
FCF margin
-47.4%

News & updates

Updated November 2, 2026

Company announcements, filed results and changes that matter to shareholders.

No recent updates are available for MFI from the sources we follow. See filings →

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: data-quality checks not passed.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: High.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

No analyst estimates are published for Mf International Ltd: too few analysts cover it.

Positioning

Short interest
0.1%
of tradable shares
Days to cover
5.14
at average volume
Short interest, 1 month
−15%
to October 15, 2026
Held by institutions
1%
of shares
Held by insiders
0.0%
of shares
Employees
33
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Recent prices are available. Older price history and the statistics that need it are being loaded in the background.

Price behaviour

52-week range
Not enough history
From 52-week high
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vs 50-day average
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vs 200-day average
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Volatility (1 year)
—
Beta vs S&P 500
—

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Fundamentals

Revenue (TTM) Mf International Ltd
$3M $3.5M $4M $4.5M FY21 Q4 FY22 Q4 FY23 Q4 FY24 Q4 FY25 Q4 Revenue (TTM), FY21 Q4: $4.1M Revenue (TTM), FY22 Q4: $4.5M Revenue (TTM), FY23 Q4: $4.1M Revenue (TTM), FY24 Q4: $3.3M Revenue (TTM), FY25 Q4: $4.3M $4.3M

Source: SEC EDGAR filings. Retrieved Invalid Date.

View chart data
Period Revenue (TTM)
FY21 Q4 $4.1M
FY22 Q4 $4.5M
FY23 Q4 $4.1M
FY24 Q4 $3.3M
FY25 Q4 $4.3M
Revenue growth, TTM YoY Mf International Ltd
-20% 0% 20% 40% FY22 Q4 FY23 Q4 FY24 Q4 FY25 Q4 Revenue growth, TTM YoY, FY22 Q4: 7.6% Revenue growth, TTM YoY, FY23 Q4: -8.5% Revenue growth, TTM YoY, FY24 Q4: -18.1% Revenue growth, TTM YoY, FY25 Q4: 29.8% 29.8%

Source: SEC EDGAR filings. Retrieved Invalid Date.

View chart data
Period Revenue growth, TTM YoY
FY22 Q4 7.6%
FY23 Q4 -8.5%
FY24 Q4 -18.1%
FY25 Q4 29.8%
Operating margin (TTM) Mf International Ltd
-150% -100% -50% 0% 50% FY21 Q4 FY22 Q4 FY23 Q4 FY24 Q4 FY25 Q4 Operating margin (TTM), FY21 Q4: 32.7% Operating margin (TTM), FY22 Q4: 21.6% Operating margin (TTM), FY23 Q4: 20.9% Operating margin (TTM), FY24 Q4: -74.3% Operating margin (TTM), FY25 Q4: -143.7% -143.7%

Source: SEC EDGAR filings. Retrieved Invalid Date.

View chart data
Period Operating margin (TTM)
FY21 Q4 32.7%
FY22 Q4 21.6%
FY23 Q4 20.9%
FY24 Q4 -74.3%
FY25 Q4 -143.7%
FCF margin (TTM) Mf International Ltd
-100% -50% 0% 50% FY21 Q4 FY22 Q4 FY23 Q4 FY24 Q4 FY25 Q4 FCF margin (TTM), FY21 Q4: 38.7% FCF margin (TTM), FY22 Q4: 38.5% FCF margin (TTM), FY23 Q4: 35.3% FCF margin (TTM), FY24 Q4: -85.6% FCF margin (TTM), FY25 Q4: -47.4% -47.4%

Source: SEC EDGAR filings. Retrieved Invalid Date.

View chart data
Period FCF margin (TTM)
FY21 Q4 38.7%
FY22 Q4 38.5%
FY23 Q4 35.3%
FY24 Q4 -85.6%
FY25 Q4 -47.4%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 20-F. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Mf International Ltd: annual financial statements
Fiscal year 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025
Income
Revenue 4 4 4 3 4
Gross profit 2 2 2 2 1
EBITDA 1 1 1 −2 −6
Operating income 1 1 1 −2 −6
Net income 1 1 1 −3 10
Diluted EPS $0.92 $0.60 $0.07 −$0.20 —
Growth (year on year)
Revenue — +7.6% −8.5% −18.1% +29.8%
EBITDA — −28.6% −12.2% −383.7% —
Operating income — −28.9% −11.4% −390.9% —
Net income — −34.6% −2.8% −405.9% —
Diluted EPS — −34.5% −87.9% −378.9% —
Margins
Gross margin 49.5% 52.7% 56.2% 47.2% 29.6%
EBITDA margin 33.5% 22.2% 21.3% −73.9% −142.9%
Operating margin 32.7% 21.6% 20.9% −74.3% −143.7%
Net margin 32.1% 19.5% 20.7% −77.5% 232.8%
Free-cash-flow margin 38.7% 38.5% 35.3% −85.6% −47.4%
Cash flow
Cash from operations 2 2 1 −3 −2
Capital spending 0 0 0 0 0
Free cash flow 2 2 1 −3 −2
Balance sheet
Cash 1 2 1 3 29
Total debt 0 2 2 1 0
Net debt (negative = net cash) −1 1 1 −1 −28
Diluted shares 1m 1m 1m 2m 6m
Returned to shareholders
Dividends — — 1 0 0
Total returned — — 1 0 0

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

5 of 6 checks passed · December 31, 2025
What it owns · $519m
Short-term assets $518mLonger-term assets $1m
What it owes, and who funded it · $519m
Short-term liabilities $3mLonger-term liabilities $0mShareholders' equity $516m
  • Short-term assets cover short-term liabilities $518m of assets due within a year against $3m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $518m short-term assets against $229,166 of longer-dated liabilities.
  • More cash than debt $29m of cash against $185,652 of debt.
  • Debt below 40% of shareholders' equity Debt is 0% of equity.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt −$2m of operating cash flow against $185,652 of debt.
  • Operating profit covers interest at least five times over Operating income of −$6m against −$32,836 of interest.

From Mf International Ltd's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Dividends (TTM)
$0
Returned to shareholders
0%
of free cash flow
Diluted share count
+250.5%
year over year
Total shareholder yield
0.0%
dividends 0.0% + buybacks 0.0% of market value
R&D spending
0.1%
of revenue

Competitors: side by side with peers

Closest by revenue in application software
Growth, margins and cash generation against peers
Last 12 months unless stated MFI ORKT IVDA DGNX BMR SPAI Median
Revenue, last 12 months $4m $4m $5m $4m $3m $3m $479m
Revenue growth, last 12 months 29.8% 43.8% −36.0% 77.2% 1.0% 92.6% 12.0%
Revenue growth, latest quarter — — −47.5% — — >999% 11.9%
Gross margin 29.6% 44.2% 32.2% −76.0% 89.7% 62.2% 69.2%
Operating margin −143.7% −131.4% −68.5% −688.3% −208.6% −513.8% 1.1%
Operating margin, 3-year average — — −79.8% — — −588.4% −0.8%
Net margin 232.8% −78.7% −69.2% −861.4% −194.6% −500.0% 2.2%
Cash from operations / revenue −46.9% −80.4% −64.1% −390.1% −151.9% −287.6% 18.1%
Free-cash-flow margin −47.4% −87.0% −64.1% −406.6% −152.8% −292.3% 14.9%
Stock pay / revenue — — 1.4% — 22.1% — 9.3%
Change in share count 250.5% 9.1% 2.4% 47.7% 2.4% 44.0% 2.3%

Median of all 186 companies we cover in application software. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Reported value
$4.7M
Institutions reporting
4
Shares held vs prior quarter
▼ 8.1%
Positions opened / closed
1 / 1

Top buyers and sellers, Q2 2026: 1 institutions bought and 2 sold ; the biggest buyer was Caitong International Asset Management Co., Ltd (+2 shares) and the biggest seller Galaxy Digital Inc (−36K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Avenir Tech Ltd $4.6M 500K 99.4% 0.0%
UBS Group AG $27,615 3K 0.6% ▼ 74.5%
Sbi Securities Co., Ltd. $232 0K 0.0% 0.0%
Caitong International Asset Management Co., Ltd $19 0K 0.0% New

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Mf International Ltd's complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart

No open-market insider trades reported in the last 12 months.

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Recent SEC filings

Data status

When each part of this page on Mf International Ltd was last updated.

DataLast updatedSource
Share priceExchange closing prices
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Mf International Ltd in brief

What does Mf International Ltd do?
Mf International Ltd is a US-listed company in the application software industry. Its financial year ends in December.
What is Mf International Ltd's stock ticker?
Mf International Ltd trades under the ticker MFI on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Mf International Ltd's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Mf International Ltd reported revenue of $4.3M, 29.8% higher than a year earlier, according to its SEC filings.
What is Mf International Ltd's free cash flow?
Mf International Ltd's free-cash-flow margin is -47.4% of revenue over the trailing twelve months.
Who are Mf International Ltd's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Avenir Tech Ltd, UBS Group AG and Sbi Securities Co., Ltd. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Does Mf International Ltd pay a dividend?
Mf International Ltd reported no dividend payments in its trailing twelve months of filings.
How much debt does Mf International Ltd have?
Mf International Ltd's debt-to-equity ratio is 0.0%, from its latest balance sheet. The financial health section below sets out its other solvency checks.
Who are Mf International Ltd's competitors?
In our Application Software peer group, the companies closest to Mf International Ltd are Orangekloud Technology Inc., Iveda Solutions, Inc., Diginex Ltd, Beamr Imaging Ltd. and Safe Pro Group Inc. The side-by-side comparison below sets their revenue, margins and growth against Mf International Ltd's.