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StartEngine Inc.

EDGAR
Quarterly report (10-Q) · filed 2026-10-29

Annual consolidated revenue for 2025: about Unit_Standard_USD_UoNgU9gSsUCduPZDZjfUtg 109.6M, using the latest reported figures. The previous period, 2024, was about Unit_Standard_USD_UoNgU9gSsUCduPZDZjfUtg 48.63M.

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Watchlist

Latest quarter

Revenue

38.6 million Unit_Standard_USD_c-yu5D-4YkenHVw6T8jl8g

2026 Q3 · Unit_Standard_USD_c-yu5D-4YkenHVw6T8jl8g

Exact inputs and evidence
  • Revenue: 38639791 Unit_Standard_USD_c-yu5D-4YkenHVw6T8jl8g Source

Operating margin

-8.47%

2026 Q3 · %

Exact inputs and evidence
  • Operating Income: -3271908 Unit_Standard_USD_c-yu5D-4YkenHVw6T8jl8g Source
  • Revenue: 38639791 Unit_Standard_USD_c-yu5D-4YkenHVw6T8jl8g Source
Cash and cash equivalents
22.6 million Unit_Standard_USD_c-yu5D-4YkenHVw6T8jl8g Source
Exact value

22645058 Unit_Standard_USD_c-yu5D-4YkenHVw6T8jl8g

Long-term debt including current maturities
Not available
Shares outstanding
758 million Unit_Standard_shares_AasdsLkmIECvW1XiViHrwA Source
Exact value

758436454 Unit_Standard_shares_AasdsLkmIECvW1XiViHrwA

Company performance

Up to ten complete financial years · consolidated figures

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2026-10-29.

Financial data available through: 2025-12-31.

Coverage by financial measure
  • Revenue: 2 of 11 periods available· newest 2025-12-31
  • Operating income: 2 of 11 periods available· newest 2025-12-31
  • Net income: 2 of 11 periods available· newest 2025-12-31
  • Operating cash flow: 2 of 11 periods available· newest 2025-12-31
  • Capital expenditure: 2 of 11 periods available· newest 2025-12-31
  • Total assets: Multiple units; comparison withheld· newest 2025-12-31
  • Total liabilities: Multiple units; comparison withheld· newest 2025-12-31
  • Current assets: Multiple units; comparison withheld· newest 2025-12-31
  • Current liabilities: Multiple units; comparison withheld· newest 2025-12-31
  • Cash and cash equivalents: 2 of 11 periods available· newest 2025-12-31
  • long term debt: No compatible figures in this window
  • Shares outstanding: Multiple units; comparison withheld· newest 2025-12-31

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

  • Revenue

    +125.4%

    Prior period

    Unit_Standard_USD_UoNgU9gSsUCduPZDZjfUtg 48.63 million

    –

    Current period

    Unit_Standard_USD_UoNgU9gSsUCduPZDZjfUtg 109.58 million

    –

    Exact inputs and evidence

    109580580 − 48625508 = 60955072 Unit_Standard_USD_UoNgU9gSsUCduPZDZjfUtg

    48625508 Unit_Standard_USD_UoNgU9gSsUCduPZDZjfUtg · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    109580580 Unit_Standard_USD_UoNgU9gSsUCduPZDZjfUtg · 2025-01-01 – 2025-12-31

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  • Net income

    +Unit_Standard_USD_UoNgU9gSsUCduPZDZjfUtg 18.01 million

    Prior period

    −Unit_Standard_USD_UoNgU9gSsUCduPZDZjfUtg 16.54 million

    –

    Current period

    Unit_Standard_USD_UoNgU9gSsUCduPZDZjfUtg 1.47 million

    –

    Exact inputs and evidence

    1472852 − -16536658 = 18009510 Unit_Standard_USD_UoNgU9gSsUCduPZDZjfUtg

    -16536658 Unit_Standard_USD_UoNgU9gSsUCduPZDZjfUtg · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    1472852 Unit_Standard_USD_UoNgU9gSsUCduPZDZjfUtg · 2025-01-01 – 2025-12-31

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  • Operating cash flow

    +Unit_Standard_USD_UoNgU9gSsUCduPZDZjfUtg 16.56 million

    Prior period

    −Unit_Standard_USD_UoNgU9gSsUCduPZDZjfUtg 4.28 million

    –

    Current period

    Unit_Standard_USD_UoNgU9gSsUCduPZDZjfUtg 12.29 million

    –

    Exact inputs and evidence

    12285480 − -4275484 = 16560964 Unit_Standard_USD_UoNgU9gSsUCduPZDZjfUtg

    -4275484 Unit_Standard_USD_UoNgU9gSsUCduPZDZjfUtg · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    12285480 Unit_Standard_USD_UoNgU9gSsUCduPZDZjfUtg · 2025-01-01 – 2025-12-31

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  • Capital expenditure

    -47.5%

    Prior period

    Unit_Standard_USD_UoNgU9gSsUCduPZDZjfUtg 22,278

    –

    Current period

    Unit_Standard_USD_UoNgU9gSsUCduPZDZjfUtg 11,706

    –

    Exact inputs and evidence

    11706 − 22278 = -10572 Unit_Standard_USD_UoNgU9gSsUCduPZDZjfUtg

    22278 Unit_Standard_USD_UoNgU9gSsUCduPZDZjfUtg · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    11706 Unit_Standard_USD_UoNgU9gSsUCduPZDZjfUtg · 2025-01-01 – 2025-12-31

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Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2025 2025-01-01 – 2025-12-31

  • Revenue Unit_Standard_USD_UoNgU9gSsUCduPZDZjfUtg 109.58 million 100% of revenue
  • Cost of revenue Unit_Standard_USD_UoNgU9gSsUCduPZDZjfUtg 71.7 million 65% of revenue
  • Operating expenses Unit_Standard_USD_UoNgU9gSsUCduPZDZjfUtg 36.43 million 33% of revenue
  • Operating income Unit_Standard_USD_UoNgU9gSsUCduPZDZjfUtg 1.45 million 1.3% of revenue
  • Tax, interest and other Derived −Unit_Standard_USD_UoNgU9gSsUCduPZDZjfUtg 25,139 −0% of revenue
  • Net income Unit_Standard_USD_UoNgU9gSsUCduPZDZjfUtg 1.47 million 1.3% of revenue

Cash

  • Operating cash flow Unit_Standard_USD_UoNgU9gSsUCduPZDZjfUtg 12.29 million 11% of revenue
  • Capital expenditure Unit_Standard_USD_UoNgU9gSsUCduPZDZjfUtg 11,706 0% of revenue
  • Free cash flow Derived Unit_Standard_USD_UoNgU9gSsUCduPZDZjfUtg 12.27 million 11% of revenue

Share of revenue by period

  • Net income
  • Tax, interest and other
  • Operating costs
  • 2024 Operating loss: operating costs were 133% of revenue.
  • 2025 Net income was higher than operating income, so the split is not drawn.
Values and sources
Revenue breakdown by annual reporting period
PeriodRevenueOperating costsOperating incomeTax, interest and otherNet incomeFree cash flowSource
2024 2024-01-01 – 2024-12-3148625508 64762111 Derived -16136603 400055 Derived -16536658 -4297762 Derived
Source
2025 2025-01-01 – 2025-12-31109580580 108132867 Derived 1447713 -25139 Derived 1472852 12273774 Derived
Source

Amounts are exact, in Unit_Standard_USD_UoNgU9gSsUCduPZDZjfUtg.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

Unit_Standard_USD_UoNgU9gSsUCduPZDZjfUtg 109.6M 2025
Revenue historyRevenue reported for each complete financial period. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.118.3M88.8M59.2M29.6M0.020242025
Values and sources
Revenue values and source evidence
PeriodSeriesValue(Unit_Standard_USD_UoNgU9gSsUCduPZDZjfUtg)Source evidence
2024Revenue48625508
2025Revenue109580580

Revenue growth

Change in revenue from the same financial period one year earlier.

125.4% 2025
Revenue growth historyChange in revenue from the same financial period one year earlier. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.135%102%68%34%0%20242025
Values and sources
Revenue growth values and source evidence
PeriodSeriesValueSource evidence
2024Year over yearNo prior comparable period
2025Year over year125.4%

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Operating margin 1.3% 2025
Net margin 1.3% 2025
Free cash flow margin 11.2% 2025
Profit margins historyOperating income, net income and free cash flow as a share of revenue. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.15%2%-11%-25%-38%20242025
  • Operating margin
  • Net margin
  • Free cash flow margin
Values and sources
Profit margins values and source evidence
PeriodSeriesValueSource evidence
2024Operating margin-33.2%
2025Operating margin1.3%
2024Net margin-34%
2025Net margin1.3%
2024Free cash flow margin-8.8%
2025Free cash flow margin11.2%

Operating cash flow

Cash generated by the company’s normal business operations.

Unit_Standard_USD_UoNgU9gSsUCduPZDZjfUtg 12.3M 2025
Operating cash flow historyCash generated by the company’s normal business operations. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.13.6M8.8M4.0M-797.7K-5.6M20242025
Values and sources
Operating cash flow values and source evidence
PeriodSeriesValue(Unit_Standard_USD_UoNgU9gSsUCduPZDZjfUtg)Source evidence
2024Operating cash flow-4275484
2025Operating cash flow12285480

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

Unit_Standard_USD_UoNgU9gSsUCduPZDZjfUtg 12.3M 2025
Free cash flow historyOperating cash flow minus capital expenditure for the same period and unit. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.13.6M8.8M4.0M-817.7K-5.6M20242025
Values and sources
Free cash flow values and source evidence
PeriodSeriesValue(Unit_Standard_USD_UoNgU9gSsUCduPZDZjfUtg)Source evidence
2024Free cash flow-4297762
2025Free cash flow12273774

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

Not enough comparable data to show this history.
Values and sources
Liabilities to assets values and source evidence
PeriodSeriesValueSource evidence
2024-12-31Liabilities / assetsNot reportedNo source recorded
2025-12-31Liabilities / assetsNot reportedNo source recorded

Current assets to current liabilities

Current assets divided by current liabilities.

Not enough comparable data to show this history.
Values and sources
Current assets to current liabilities values and source evidence
PeriodSeriesValueSource evidence
2024-12-31Current assets / current liabilitiesNot reportedNo source recorded
2025-12-31Current assets / current liabilitiesNot reportedNo source recorded

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
PeriodNet incomeOperating cash flowCapital expenditureFree cash flow
2024 2024-01-01 – 2024-12-31
−Unit_Standard_USD_UoNgU9gSsUCduPZDZjfUtg 16.54 million
Exact value

Exact value: -16536658 Unit_Standard_USD_UoNgU9gSsUCduPZDZjfUtg

2024-01-01 – 2024-12-31: -16536658 Unit_Standard_USD_UoNgU9gSsUCduPZDZjfUtg Inspect Net Income Open source
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−Unit_Standard_USD_UoNgU9gSsUCduPZDZjfUtg 4.28 million
Exact value

Exact value: -4275484 Unit_Standard_USD_UoNgU9gSsUCduPZDZjfUtg

2024-01-01 – 2024-12-31: -4275484 Unit_Standard_USD_UoNgU9gSsUCduPZDZjfUtg Inspect Operating Cash Flow Open source
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Unit_Standard_USD_UoNgU9gSsUCduPZDZjfUtg 22,278
Exact value

Exact value: 22278 Unit_Standard_USD_UoNgU9gSsUCduPZDZjfUtg

2024-01-01 – 2024-12-31: 22278 Unit_Standard_USD_UoNgU9gSsUCduPZDZjfUtg Inspect Capital Expenditure Open source
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−Unit_Standard_USD_UoNgU9gSsUCduPZDZjfUtg 4.3 million
Calculation and evidence

-4275484 − 22278 Unit_Standard_USD_UoNgU9gSsUCduPZDZjfUtg

Exact free cash flow: -4297762 Unit_Standard_USD_UoNgU9gSsUCduPZDZjfUtg

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2025 2025-01-01 – 2025-12-31
Unit_Standard_USD_UoNgU9gSsUCduPZDZjfUtg 1.47 million
Exact value

Exact value: 1472852 Unit_Standard_USD_UoNgU9gSsUCduPZDZjfUtg

2025-01-01 – 2025-12-31: 1472852 Unit_Standard_USD_UoNgU9gSsUCduPZDZjfUtg Inspect Net Income Open source
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Unit_Standard_USD_UoNgU9gSsUCduPZDZjfUtg 12.29 million
Exact value

Exact value: 12285480 Unit_Standard_USD_UoNgU9gSsUCduPZDZjfUtg

2025-01-01 – 2025-12-31: 12285480 Unit_Standard_USD_UoNgU9gSsUCduPZDZjfUtg Inspect Operating Cash Flow Open source
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Unit_Standard_USD_UoNgU9gSsUCduPZDZjfUtg 11,706
Exact value

Exact value: 11706 Unit_Standard_USD_UoNgU9gSsUCduPZDZjfUtg

2025-01-01 – 2025-12-31: 11706 Unit_Standard_USD_UoNgU9gSsUCduPZDZjfUtg Inspect Capital Expenditure Open source
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Unit_Standard_USD_UoNgU9gSsUCduPZDZjfUtg 12.27 million
Calculation and evidence

12285480 − 11706 Unit_Standard_USD_UoNgU9gSsUCduPZDZjfUtg

Exact free cash flow: 12273774 Unit_Standard_USD_UoNgU9gSsUCduPZDZjfUtg

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Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

22 filings · 3,013 latest values · 3,013 originally reported values

Dataset published . Source filing dates and reporting periods are shown separately.

Identifiers: 0001661779, 1661779, False, edgar:1661779

Also known as STARTENGINE CROWDFUNDING, INC., StartEngine Crowdfunding, Inc., StartEngine Inc., StartEngine, Inc.