Mmtec, Inc. is a US-listed company in the investment banking & brokerage industry. Its financial year ends in December.
Mmtec has little or no product revenue yet; it used $4m of cash in the twelve months. That puts it 39 of 40 for growth among the investment banking & brokerage companies we cover. The diluted share count is up 114.3% on a year earlier, which dilutes existing holders.
Our model value for Mmtec 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.
Mmtec, Inc.'s trailing-twelve-month revenue fell 56.8% year on year, with a free-cash-flow margin of -457.4%. Where it lags: operating margin of -470.9% ranks 17 of 17 investment banking & brokerage companies we cover.
Current signal Revenue growth decelerating: TTM revenue growth slowed to -56.8% (-171.5pp vs the prior quarter).
Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.
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Third-party market data · may be delayed
Company announcements, filed results and changes that matter to shareholders.
No recent updates are available for MTC from the sources we follow. See filings →
No model value for Mmtec, Inc. at the moment. Current status: no valuation model gives a value we can rate yet. Available reported financials are shown below.
The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.
We value Mmtec, Inc. as an asset manager, broker or exchange, with every model that fits that kind of business. Cost of equity 9.8%: the 10-year Treasury yield (4.9%) plus a beta of 1.08 times a 4.5% equity risk premium.
| Model | Value per share | In the combined value? |
|---|---|---|
| Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. | — | Does not apply: This model is withheld pending its input or assumption review. |
| Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. | — | Does not apply: This model is withheld pending its input or assumption review. |
| Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. | — | Does not apply: This model is withheld pending its input or assumption review. |
| Price-to-book vs peers Book value per share times peers' typical (harmonic-mean) price-to-book. | ~$0.0 ~$0.2–$0.6 | Left out: out of range vs price (0.00x) |
| Dividend discount (two-stage) Dividends for five years at the growth the business can fund, then a steady payout and growth. | — | Does not apply: This model is withheld pending its input or assumption review. |
| Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. | — | Combined value withheld. Review the individual models and their assumptions. |
Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Mmtec, Inc. with brokers, investment banks and exchanges 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.
Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Medium.
No analyst estimates are published for Mmtec, Inc.: too few analysts cover it.
| Calendar year | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 to date |
|---|---|---|---|---|---|---|
| Return | ||||||
| MTC | −55% | −88% | +29% | −80% | +118% | +60% |
| Industry peers (median) | +31% | −18% | +16% | +45% | +8% | −16% |
| S&P 500 | +29% | −18% | +26% | +25% | +18% | +11% |
| Months that ended higher | ||||||
| MTC | 33% | 17% | 50% | 42% | 42% | 64% |
| S&P 500 | 75% | 42% | 67% | 75% | 75% | 46% |
| Largest fall from a high during the year | ||||||
| MTC | −87% | −92% | −86% | −98% | −83% | −75% |
| S&P 500 | −5% | −25% | −10% | −8% | −19% | −9% |
Worst fall since January 9, 2019: 100% from July 1, 2019 to November 4, 2025. Getting back needed a 501216% gain, and the shares have not yet recovered.
Source: SEC EDGAR filings. Retrieved Invalid Date.
| Period | Revenue (TTM) |
|---|---|
| FY18 Q4 | $26.9K |
| FY19 Q4 | $200.8K |
| FY20 Q4 | $742.1K |
| FY21 Q4 | $568.6K |
| FY22 Q4 | $1.1M |
| FY23 Q4 | $869.9K |
| FY24 Q4 | $1.9M |
| FY25 Q4 | $807.5K |
Source: SEC EDGAR filings. Retrieved Invalid Date.
| Period | Revenue growth, TTM YoY |
|---|---|
| FY19 Q4 | 647.0% |
| FY20 Q4 | 269.6% |
| FY21 Q4 | -23.4% |
| FY22 Q4 | 88.8% |
| FY23 Q4 | -19.0% |
| FY24 Q4 | 114.8% |
| FY25 Q4 | -56.8% |
Source: SEC EDGAR filings. Retrieved Invalid Date.
| Period | Operating margin (TTM) |
|---|---|
| FY18 Q4 | -8658.4% |
| FY19 Q4 | -1464.6% |
| FY20 Q4 | -429.1% |
| FY21 Q4 | -1151.9% |
| FY22 Q4 | -550.8% |
| FY23 Q4 | -556.4% |
| FY24 Q4 | -163.8% |
| FY25 Q4 | -470.9% |
Source: SEC EDGAR filings. Retrieved Invalid Date.
| Period | FCF margin (TTM) |
|---|---|
| FY18 Q4 | -7198.8% |
| FY19 Q4 | -1130.0% |
| FY20 Q4 | -269.7% |
| FY21 Q4 | -726.9% |
| FY22 Q4 | -521.2% |
| FY23 Q4 | -592.3% |
| FY24 Q4 | 38.4% |
| FY25 Q4 | -457.4% |
| Fiscal year | 2018 Dec 2018 | 2019 Dec 2019 | 2020 Dec 2020 | 2021 Dec 2021 | 2022 Dec 2022 | 2023 Dec 2023 | 2024 Dec 2024 | 2025 Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Income | ||||||||
| Revenue | 0 | 0 | 1 | 1 | 1 | 1 | 2 | 1 |
| Gross profit | 0 | 0 | 1 | 0 | 1 | 1 | 2 | 0 |
| EBITDA | −2 | −3 | −3 | −7 | −6 | −5 | −3 | −4 |
| Operating income | −2 | −3 | −3 | −7 | −6 | −5 | −3 | −4 |
| Net income | −2 | −2 | −3 | −7 | −6 | 46 | −91 | −56 |
| Diluted EPS | −$4.80 | −$4.40 | −$6.24 | −$11.52 | −$0.81 | — | — | — |
| Growth (year on year) | ||||||||
| Revenue | — | +647.0% | +269.6% | −23.4% | +88.8% | −19.0% | +114.8% | −56.8% |
| Net income | — | — | — | — | — | — | −300.4% | — |
| Margins | ||||||||
| Gross margin | 39.3% | 54.7% | 99.0% | 75.2% | 78.5% | 80.1% | 81.6% | 21.6% |
| EBITDA margin | <−999% | <−999% | −421.7% | <−999% | −544.6% | −551.1% | −161.3% | −460.5% |
| Operating margin | <−999% | <−999% | −429.1% | <−999% | −550.8% | −556.4% | −163.8% | −470.9% |
| Net margin | <−999% | <−999% | −428.7% | <−999% | −526.0% | >999% | <−999% | <−999% |
| Free-cash-flow margin | <−999% | <−999% | −269.7% | −726.9% | −521.2% | −592.3% | 38.4% | −457.4% |
| Cash flow | ||||||||
| Cash from operations | −2 | −2 | −2 | −4 | −6 | −5 | 1 | −4 |
| Capital spending | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Free cash flow | −2 | −2 | −2 | −4 | −6 | −5 | 1 | −4 |
| Stock-based pay | — | — | 1 | 1 | — | — | — | — |
| Free cash flow after stock pay | — | — | −3 | −5 | — | — | — | — |
| Balance sheet | ||||||||
| Cash | 0 | 4 | 1 | 11 | 4 | 2 | 3 | 8 |
| Total debt | 0 | 0 | 0 | 0 | 0 | 32 | 32 | 3 |
| Net debt (negative = net cash) | −0 | −4 | −1 | −11 | −3 | 31 | 29 | −5 |
| Diluted shares | — | — | — | — | — | 26m | 25m | 54m |
| Last 12 months unless stated | MTC | PLUT | MEGL | PMAX | GSIW | LGHL | Median |
|---|---|---|---|---|---|---|---|
| Revenue, last 12 months | $807500 | $1m | $1m | $6m | $7m | $9m | $2.0bn |
| Revenue growth, last 12 months | −56.8% | 7.2% | −9.7% | 30.8% | 33.2% | 657.5% | 20.7% |
| Gross margin | 21.6% | — | — | 49.5% | — | −392.5% | 3.6% |
| Operating margin | −470.9% | −319.1% | −104.2% | −47.9% | — | −27.6% | −2.3% |
| Net margin | <−999% | −377.0% | −72.1% | −49.3% | −190.1% | −52.8% | 5.8% |
| Cash from operations / revenue | −457.4% | −767.8% | −58.8% | −18.4% | −58.2% | −37.5% | 7.7% |
| Free-cash-flow margin | −457.4% | −768.1% | −62.1% | −18.4% | −59.6% | −37.6% | 5.2% |
| Stock pay / revenue | 180.1% | −120.5% | — | 0.2% | 62.2% | 2.3% | 4.7% |
| Change in share count | 114.3% | 21.0% | 0.0% | 65.1% | 7.7% | 37.0% | 1.2% |
| Measure | Company | Peer median | Rank |
|---|---|---|---|
| Revenue growth Growth | -56.8% | 20.8% | 39 of 40 |
| Change in growth rate Growth | -171.5pp | -0.3pp | 36 of 40 |
| Operating margin Profitability | -470.9% | -2.3% | 17 of 17 |
| Net margin Profitability | -6944.3% | 6.0% | 40 of 40 |
| Change in share count Balance sheet | 114.3% | 1.2% | 31 of 35 |
Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).
| Manager | Value | Shares | Share of 13F value | Shares QoQ |
|---|---|---|---|---|
| UBS Group AG | $524,479 | 210K | 38.3% | ▲ 191.9% |
| Qube Research & Technologies Ltd | $295,715 | 118K | 21.6% | New |
| Jane Street Group, LLC | $201,393 | 81K | 14.7% | ▲ 230.1% |
| Invesco Ltd. | $156,415 | 63K | 11.4% | New |
| Renaissance Technologies LLC | $66,750 | 27K | 4.9% | ▼ 1.5% |
| Catalyst Funds Management Pty Ltd | $40,342 | 16K | 2.9% | New |
| Landscape Capital Management, L.L.C. | $37,438 | 15K | 2.7% | New |
| Geode Capital Management, LLC | $33,885 | 14K | 2.5% | New |
| State Of Wyoming | $9,822 | 4K | 0.7% | New |
| Tower Research Capital LLC (TRC) | $2,100 | 1K | 0.2% | New |
| Royal Bank Of Canada | $1,000 | 0K | 0.1% | New |
| Quarry LP | $535 | 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 Mmtec, Inc.'s complete shareholder register. Values are as reported by the filers .
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.
| Data | Last updated | Source |
|---|---|---|
| Share price | Exchange closing prices | |
| News and updates | Company releases and SEC 8-K filings | |
| Analyst estimates | Aggregated analyst estimates | |
| Valuation and scores | Our models, from the filed figures |
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