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Mkdwell Tech Inc. (MKDW) stock

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NASDAQ: MKDW Nasdaq Leisure Products

D Fundamentals grade

Mkdwell Tech Inc. is a US-listed company in the leisure products industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Model estimate per share

~$0.3

Price-to-sales vs peers

Base case. Range ~$0.3–$1.1. Sales per share times peers' typical price-to-sales; used only when earnings are negative.

Price vs value

No Buy/Hold/Sell rating is issued: only 1 valuation models apply; a rating needs 3.

Mkdwell Tech Inc. valuation: adjust assumptions and compare models →

Who’s trading

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

  • Insiders1 buying, 0 selling1 purchase and 0 sales by directors and officers, last 12 monthsInsider trades

Value diary

Our note on each quarter Mkdwell Tech files

Where Mkdwell Tech stands after its latest Filing

Mkdwell Tech has little or no product revenue yet; it used $2m of cash in the twelve months. That growth ranks 3 of 29 among the leisure products companies we cover. The diluted share count is up 591.4% on a year earlier, which dilutes existing holders. Against its peers on growth, profitability, cash generation and balance sheet, it grades D. It passes 2 of our 6 financial-health checks. Our price-to-sales vs peers value is $0.24 a share, against a share price of $0.15.

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

Mkdwell Tech Inc.'s trailing-twelve-month revenue grew 51.6% year on year, with a free-cash-flow margin of -56.8%. Where it stands out: change in growth rate of +97.2pp ranks 1 of 29 leisure products companies we cover. Where it lags: gross margin of 6.2% ranks 27 of 27 leisure products companies we cover.

Current signal Revenue growth accelerating: TTM revenue growth rose to 51.6% (+97.2pp vs the prior quarter).

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

Highlights

How we pick these

Strengths

  • Fast growth. Revenue grew 51.6% over the last 12 months, against a median of 7.6% for leisure products companies we cover.
  • Growth speeding up. The growth rate is 97.2 points higher than a quarter earlier.
  • Margins widening. Operating margin is up 53.2 points on a year ago.

Things to watch

  • Loss-making. Operating margin is -88.0%: costs exceed revenue.
  • Burning cash. Free cash flow was -56.8% of revenue over the last 12 months.
  • Share dilution. Diluted shares rose 591.4% in a year.
  • Volatile shares. Over the past year the shares showed annualised volatility of 184% and a beta of 1.1 against the S&P 500.
  • Gross margin slipping. Gross margin is down 2.1 points on a year ago.
  • Below peers: days sales outstanding. Days sales outstanding of 99 days ranks 25 of 27 leisure products companies we cover (median 42 days).

Price chart

  • 1 day+4.6%
  • 1 week-61.7%
  • 1 month-89.4%
  • This year-96.7%
  • 1 year-97.4%
  • S&P 500 this year+11.2%

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)
$3M
Operating margin
-88.0%
Net margin
-84.9%
EPS (TTM, diluted)
$-0.66

Growth

Revenue growth
+51.6%
Change in growth rate
+97.2 pts
Share count change
+591.4%

Cash

Free cash flow (TTM)
-$1.7M
FCF margin
-56.8%
Stock pay % of revenue
2.7%

News & updates

Updated October 31, 2026

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

No recent updates are available for MKDW 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.

Valuation

Mkdwell Tech Inc. valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: only 1 valuation models apply; a rating needs 3.

Valuation models

We value Mkdwell Tech Inc. as an operating company, with every model that fits that kind of business. Cost of equity 7.7%: the 10-year Treasury yield (4.9%) plus a beta of 0.62 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. — Does not apply: revenue and margins don't support a positive value
Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. — Does not apply: no positive earnings in the latest twelve months
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. — Does not apply: the model gives no positive value
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: return on equity is not positive
Price-to-sales vs peers Sales per share times peers' typical price-to-sales; used only when earnings are negative. ~$0.3 ~$0.4–$1.1 Included, half weight
Combined value Weighted average of the models that apply: the primary model (revenue-to-maturity model) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$0.3 ~$0.3–$1.1 1 model

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Mkdwell Tech Inc. with Leisure Products in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 202320242025
Share price$315.00$27.51$4.80
Market value$150m$15m$19m
+ Net debt (− = net cash)$4m$6m$6m
Enterprise value$155m$21m$25m
Multiples
Price / sales 41.0x7.7x6.1x
Price / earnings ———
Price / free cash flow ———
EV / EBITDA ———

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

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

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 Mkdwell Tech Inc.: too few analysts cover it.

Positioning

Short interest
0.0%
of tradable shares
Days to cover
0.02
at average volume
Short interest, 1 month
−85%
to October 15, 2026
Held by institutions
0%
of shares
Held by insiders
7.7%
of shares

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

Return and risk by year

Calendar year 202420252026 to date
Return
MKDW−91%−83%−97%
Industry peers (median)−23%−4%+8%
S&P 500+25%+18%+11%
Months that ended higher
MKDW50%33%46%
S&P 50075%75%46%
Largest fall from a high during the year
MKDW−95%−83%−99%
S&P 500−8%−19%−9%

Worst fall since March 28, 2023: 100% from January 26, 2024 to October 30, 2026. Getting back needed a 225978% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$0.15 – $12.00
From 52-week high
−98.7%
vs 50-day average
−96.1%
vs 200-day average
−97.5%
Volatility (1 year)
184%
Beta vs S&P 500
1.12

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.

Mkdwell Tech Inc. in five measures

Fundamentals grade D
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Mkdwell Tech Inc.
$1.5M $2M $2.5M $3M $3.5M $4M FY22 Q4 FY23 Q4 FY24 Q4 FY25 Q4 Revenue (TTM), FY22 Q4: $3.2M Revenue (TTM), FY23 Q4: $3.7M Revenue (TTM), FY24 Q4: $2M Revenue (TTM), FY25 Q4: $3M $3M

Source: SEC EDGAR filings. Retrieved Invalid Date.

View chart data
Period Revenue (TTM)
FY22 Q4 $3.2M
FY23 Q4 $3.7M
FY24 Q4 $2M
FY25 Q4 $3M
Operating margin (TTM) Mkdwell Tech Inc.
-150% -100% -50% 0% FY22 Q4 FY23 Q4 FY24 Q4 FY25 Q4 Operating margin (TTM), FY22 Q4: -28.5% Operating margin (TTM), FY23 Q4: -50.1% Operating margin (TTM), FY24 Q4: -141.3% Operating margin (TTM), FY25 Q4: -88.0% -88.0%

Source: SEC EDGAR filings. Retrieved Invalid Date.

View chart data
Period Operating margin (TTM)
FY22 Q4 -28.5%
FY23 Q4 -50.1%
FY24 Q4 -141.3%
FY25 Q4 -88.0%
FCF margin (TTM) Mkdwell Tech Inc.
-200% -150% -100% -50% 0% FY22 Q4 FY23 Q4 FY24 Q4 FY25 Q4 FCF margin (TTM), FY22 Q4: -17.9% FCF margin (TTM), FY23 Q4: -56.6% FCF margin (TTM), FY24 Q4: -157.4% FCF margin (TTM), FY25 Q4: -56.8% -56.8%

Source: SEC EDGAR filings. Retrieved Invalid Date.

View chart data
Period FCF margin (TTM)
FY22 Q4 -17.9%
FY23 Q4 -56.6%
FY24 Q4 -157.4%
FY25 Q4 -56.8%

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

Fiscal year 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025
Income
Revenue 3,153 3,671 1,999 3,031
Gross profit 1,019 674 166 188
EBITDA −601 −1,491 −2,365 −2,148
Operating income −900 −1,840 −2,824 −2,668
Net income −1,256 −1,590 −2,518 −2,573
Diluted EPS −$2.70 −$3.33 −$4.50 −$0.66
Growth (year on year)
Revenue — +16.4% −45.5% +51.6%
Margins
Gross margin 32.3% 18.4% 8.3% 6.2%
EBITDA margin −19.0% −40.6% −118.3% −70.9%
Operating margin −28.5% −50.1% −141.3% −88.0%
Net margin −39.8% −43.3% −126.0% −84.9%
Free-cash-flow margin −17.9% −56.6% −157.4% −56.8%
Cash flow
Cash from operations −130 −1,323 −3,113 −1,192
Capital spending 434 753 34 528
Free cash flow −563 −2,076 −3,147 −1,720
Stock-based pay — — — 82
Free cash flow after stock pay — — — −1,802
Balance sheet
Cash 417 924 543 24
Total debt 0 5,156 6,332 6,236
Net debt (negative = net cash) −417 4,231 5,789 6,212
Diluted shares — — — 4m

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

2 of 6 checks passed · December 31, 2025
What it owns · $18m
Short-term assets $13mLonger-term assets $6m
What it owes, and who funded it · $19m
Short-term liabilities $10mLonger-term liabilities $3mShareholders' equity $6m
  • Short-term assets cover short-term liabilities $13m of assets due within a year against $10m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $13m short-term assets against $3m of longer-dated liabilities.
  • More cash than debt $24,084 of cash against $6m of debt.
  • Debt below 40% of shareholders' equity Debt is 97% 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 −$1m of operating cash flow against $6m of debt.
  • Operating profit covers interest at least five times over Operating income of −$3m against $548,514 of interest.

From Mkdwell Tech Inc.'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

Diluted share count
+591.4%
year over year
R&D spending
33.0%
of revenue
Days sales outstanding
99 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in leisure products
Last 12 months unless stated MKDW WRAP NWTG DOGZ KMRK TRUG Median
Revenue, last 12 months $3m $6m $7m $16m $16m $20m $349m
Revenue growth, last 12 months 51.6% 87.3% 28.8% −23.3% −13.2% −11.8% 7.6%
Revenue growth, 3-year average — −5.6% 220.3% — — — −2.5%
Revenue growth, latest quarter — 102.8% −36.4% — — 34.4% 10.9%
Gross margin 6.2% 63.6% 53.6% 16.0% 13.7% 50.5% 40.1%
Operating margin −88.0% −226.6% −114.8% −181.4% 1.7% −22.6% 1.0%
Operating margin, 3-year average — −307.0% −208.6% −53.8% — −22.9% 0.9%
Net margin −84.9% −223.1% −124.4% −173.9% 1.1% −55.7% −0.5%
Cash from operations / revenue −39.3% −147.9% −72.6% −14.2% 5.2% −8.7% 8.7%
Free-cash-flow margin −56.8% −149.6% −77.5% −49.7% 5.2% −10.4% 6.1%
Free-cash-flow margin, 3-year average — −217.7% −244.6% −36.1% — — 5.3%
Stock pay / revenue 2.7% 83.3% 4.8% 0.9% — 0.1% 1.3%
Change in share count 591.4% 10.6% — 32.8% 8.2% — 0.5%

Median of all 29 companies we cover in leisure products. 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.

Peer comparison

29 leisure products companies
Measure Company Peer median Rank
Revenue growth Growth 51.6% 7.6% 3 of 29
Change in growth rate Growth +97.2pp +3.1pp 1 of 29
Gross margin Profitability 6.2% 39.7% 27 of 27
Operating margin Profitability -88.0% 1.0% 26 of 29
Net margin Profitability -84.9% -0.5% 25 of 29
Free-cash-flow margin Cash generation -56.8% 6.1% 27 of 29
Stock pay as % of revenue Cash generation 2.7% 1.3% 21 of 27
Long-term debt as % of assets Balance sheet 16.0% 16.0% 11 of 20
Change in share count Balance sheet 591.4% 0.8% 24 of 24
Days sales outstanding Balance sheet 99 days 42 days 25 of 27

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Who owns it

13F filings for June 30, 2026
Reported value
$266,762
Institutions reporting
2
Shares held vs prior quarter
▲ 4236.0%
Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Citadel Advisors LLC $266,572 22K 99.9% New
UBS Group AG $190 0K 0.1% ▼ 96.9%

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 Mkdwell Tech Inc.'s complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $0 1 trade by 1 insider, last 12 months Insider sales History → $0 0 trades by 0 insiders
Net ▲ $0 net buying
Insider Date Trade Shares Price Value
Huang Ming-Chia Chief Executive Officer July 17, 2026 Buy 26,000,000 — $0

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 Mkdwell Tech Inc. 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.

Mkdwell Tech Inc. in brief

What does Mkdwell Tech Inc. do?
Mkdwell Tech Inc. is a US-listed company in the leisure products industry. Its financial year ends in December.
What is Mkdwell Tech Inc.'s stock ticker?
Mkdwell Tech Inc. trades under the ticker MKDW on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Mkdwell Tech Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Mkdwell Tech Inc. reported revenue of $3M, 51.6% higher than a year earlier, according to its SEC filings.
What is Mkdwell Tech Inc.'s free cash flow?
Mkdwell Tech Inc.'s free-cash-flow margin is -56.8% of revenue over the trailing twelve months, ranking 27 of the 29 leisure products companies we cover.
What is Mkdwell Tech Inc.'s market cap?
On December 31, 2025, Mkdwell Tech Inc.'s market capitalisation was about $18.6M and net debt of $6.2M. Market figures come from third-party market data and may be delayed.
How much debt does Mkdwell Tech Inc. have?
Mkdwell Tech Inc.'s debt-to-equity ratio is 97.4%, from its latest balance sheet. The financial health section below sets out its other solvency checks.
Who are Mkdwell Tech Inc.'s competitors?
In our Leisure Products peer group, the companies closest to Mkdwell Tech Inc. are Wrap Technologies, Inc., Newton Golf Company, Inc., Dogness (international) Corp, K-tech Solutions Co LTD and Trugolf Holdings, Inc. The side-by-side comparison below sets their revenue, margins and growth against Mkdwell Tech Inc.'s.
Are insiders buying or selling Mkdwell Tech Inc. stock?
Over the last 12 months, Mkdwell Tech Inc.'s directors and officers reported 1 open-market purchases and 0 sales on Form 4. The insider trading page charts every trade.