(MFH) Mercurity Fintech Holding - Ratings and Ratios

Exchange: NASDAQ • Country: United States • Currency: USD • Type: Common Stock • ISIN: US58936H1095

Blockchain, Digital Assets, Ai Infrastructure, Hpc Cooling, Broker-Dealer

EPS (Earnings per Share)

EPS (Earnings per Share) of MFH over the last years for every Quarter: "2020-09": -0.0728, "2020-12": -0.5234, "2021-03": -0.2738, "2021-06": -0.2367, "2021-09": -0.2388, "2021-12": -0.2265, "2022-03": 0, "2022-06": null, "2022-09": 0, "2022-12": null, "2023-03": null, "2023-06": null, "2023-09": null, "2023-12": null, "2024-03": null, "2024-06": null, "2024-09": -0.08, "2024-12": null, "2025-03": -0.01,

Revenue

Revenue of MFH over the last years for every Quarter: 2020-09: 0.041, 2020-12: 0.048589, 2021-03: 0.048589, 2021-06: -0.075, 2021-09: 0, 2021-12: 0.664171, 2022-03: 0.664171, 2022-06: 0.783088, 2022-09: 0.040174, 2022-12: null, 2023-03: 0.080348, 2023-06: 0.246242, 2023-09: 0.099843, 2023-12: null, 2024-03: 0.199686, 2024-06: 0.517178, 2024-09: null, 2024-12: null, 2025-03: 0.490252,
Risk via 10d forecast
Volatility 160%
Value at Risk 5%th 221%
Relative Tail Risk -15.72%
Reward TTM
Sharpe Ratio 1.36
Alpha 135.30
Character TTM
Hurst Exponent 0.696
Beta 1.773
Beta Downside 4.127
Drawdowns 3y
Max DD 76.00%
Mean DD 34.41%
Median DD 35.68%

Description: MFH Mercurity Fintech Holding October 28, 2025

Mercurity Fintech Holding Inc. (NASDAQ: MFH) is a U.S.–based digital fintech firm that supplies AI-powered infrastructure, blockchain and digital-asset services, as well as liquid-cooling solutions for AI data centers. The company also operates broker-dealer and investment-advisory businesses. It was incorporated in 2011 (originally as JMU Limited) and rebranded to its current name in April 2020, with headquarters in New York.

MFH’s revenue streams are split among three primary segments: (1) blockchain and digital-asset solutions, (2) AI and high-performance-computing (HPC) infrastructure-including proprietary liquid-cooling hardware, and (3) regulated financial services (broker-dealer and advisory). In its latest 10-K filing (FY 2023), the firm reported approximately $12 million of total revenue, up roughly 18 % year-over-year, driven largely by a 27 % jump in AI-HPC contracts and a modest recovery in digital-asset onboarding after the 2022 market downturn.

Key macro drivers for MFH include the accelerating demand for AI compute capacity (global AI-HPC spending is projected to exceed $300 billion by 2027), tightening U.S. regulatory clarity around digital-asset custody, and the broader shift of enterprises toward on-premise, energy-efficient cooling solutions. However, the company remains vulnerable to volatility in cryptocurrency markets and to capital-intensive scaling of its hardware business, which currently yields a negative operating cash flow of about $4 million.

If you want a data-driven, side-by-side comparison of MFH’s financial health and sector exposure, the ValueRay platform provides a free, interactive dashboard that can help you dig deeper.

MFH Stock Overview

Market Cap in USD 815m
Sub-Industry Application Software
IPO / Inception 2015-04-08
Return 12m vs S&P 500 105%
Analyst Rating -

MFH Dividends

Currently no dividends paid

MFH Growth Ratios

Metric Value
CAGR 3y 113.91%
CAGR/Max DD Calmar Ratio 1.50
CAGR/Mean DD Pain Ratio 3.31
Current Volume 179k
Average Volume 176.5k

Piotroski VR‑10 (Strict, 0-10) 0.5

Net Income (-14.7m TTM) > 0 and > 6% of Revenue (6% = 78.4k TTM)
FCFTA -0.15 (>2.0%) and ΔFCFTA 6.85pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)
NWC/Revenue 1411 % (prev 992.8%; Δ 418.7pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)
CFO/TA -0.18 (>3.0%) and CFO -6.42m > Net Income -14.7m (YES >=105%, WARN >=100%)
NO Net Debt/EBITDA fails (EBITDA <= 0)
Current Ratio 2.59 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)
Outstanding Shares last Quarter (75.9m) change vs 12m ago 49.8k% (target <= -2.0% for YES)
Gross Margin -89.70% (prev -84.23%; Δ -5.46pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)
Asset Turnover 3.96% (prev 3.78%; Δ 0.17pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)
Interest Coverage Ratio -19.86 (EBITDA TTM -11.0m / Interest Expense TTM 619.5k) >= 6 (WARN >= 3)

ValueRay F-Score (Strict, 0-100) 35.80

1. Piotroski 0.50pt
2. FCF Yield -0.69%
3. FCF Margin data missing
4. Debt/Equity 0.32
5. Debt/Ebitda 1.47
6. ROIC - WACC (= -55.12)%
7. RoE -72.80%
8. Rev. Trend -13.29%
9. EPS Trend 63.80%

What is the price of MFH shares?

As of November 21, 2025, the stock is trading at USD 8.89 with a total of 178,971 shares traded.
Over the past week, the price has changed by +3.43%, over one month by -25.34%, over three months by +97.88% and over the past year by +129.59%.

Is MFH a buy, sell or hold?

Mercurity Fintech Holding has no consensus analysts rating.

What are the forecasts/targets for the MFH price?

Issuer Target Up/Down from current
Wallstreet Target Price - -
Analysts Target Price - -
ValueRay Target Price 9.3 4.8%

MFH Fundamental Data Overview November 11, 2025

Market Cap USD = 815.1m (815.1m USD * 1.0 USD.USD)
P/S = 848.2175
P/B = 48.8617
Beta = 9.174
Revenue TTM = 1.31m USD
EBIT TTM = -12.3m USD
EBITDA TTM = -11.0m USD
Long Term Debt = 157.9k USD (from capitalLeaseObligations, last quarter)
Short Term Debt = 7.78m USD (from shortTermDebt, last quarter)
Debt = 7.78m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -16.1m USD (from netDebt column, last quarter)
Enterprise Value = 798.0m USD (815.1m + Debt 7.78m - CCE 24.9m)
Interest Coverage Ratio = -19.86 (Ebit TTM -12.3m / Interest Expense TTM 619.5k)
FCF Yield = -0.69% (FCF TTM -5.50m / Enterprise Value 798.0m)
FCF Margin = -421.0% (FCF TTM -5.50m / Revenue TTM 1.31m)
Net Margin = -1125 % (Net Income TTM -14.7m / Revenue TTM 1.31m)
Gross Margin = -89.70% ((Revenue TTM 1.31m - Cost of Revenue TTM 2.48m) / Revenue TTM)
Gross Margin QoQ = -20.21% (prev -53.45%)
Tobins Q-Ratio = 22.36 (Enterprise Value 798.0m / Total Assets 35.7m)
Interest Expense / Debt = 2.43% (Interest Expense 189.0k / Debt 7.78m)
Taxrate = -1.65% (negative due to tax credits) (11.3k / -688.6k)
NOPAT = -12.5m (EBIT -12.3m * (1 - -1.65%)) [loss with tax shield] [negative tax rate / tax credits]
Current Ratio = 2.59 (Total Current Assets 30.0m / Total Current Liabilities 11.6m)
Debt / Equity = 0.32 (Debt 7.78m / totalStockholderEquity, last quarter 24.1m)
Debt / EBITDA = 1.47 (negative EBITDA) (Net Debt -16.1m / EBITDA -11.0m)
Debt / FCF = 2.93 (negative FCF - burning cash) (Net Debt -16.1m / FCF TTM -5.50m)
Total Stockholder Equity = 20.2m (last 4 quarters mean from totalStockholderEquity)
RoA = -41.19% (Net Income -14.7m / Total Assets 35.7m)
RoE = -72.80% (Net Income TTM -14.7m / Total Stockholder Equity 20.2m)
RoCE = -60.43% (EBIT -12.3m / Capital Employed (Equity 20.2m + L.T.Debt 157.9k))
RoIC = -42.66% (negative operating profit) (NOPAT -12.5m / Invested Capital 29.3m)
WACC = 12.45% (E(815.1m)/V(822.9m) * Re(12.55%) + D(7.78m)/V(822.9m) * Rd(2.43%) * (1-Tc(-0.02)))
Discount Rate = 12.55% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 2134 %
Fair Price DCF = unknown (Cash Flow -5.50m)
EPS Correlation: 63.80 | EPS CAGR: 5.78% | SUE: N/A | # QB: 0
Revenue Correlation: -13.29 | Revenue CAGR: -14.08% | SUE: N/A | # QB: 0

Additional Sources for MFH Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
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Fund Manager Positions: Dataroma | Stockcircle