Financials in USD. Standardized financial statements.
A compact view of how Midland Exploration Inc. turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue? | $164,488 | $194,949 | $314,971 | $210,412 | $202,218 | $23,754 | $33,684 | $109,548 | $96,193 | $107,423 |
| Revenue Growth? | -15.6% | -38.1% | +49.7% | +4.1% | +751.3% | -29.5% | -69.3% | +13.9% | -10.5% | 0.0% |
| Cost of Revenue? | $29,674 | $29,892 | $29,892 | $29,892 | $29,892 | $29,892 | $0 | $0 | $0 | $0 |
| Gross Profit? | $134,814 | $165,057 | $285,079 | $180,520 | $172,326 | -$6,138 | $33,684 | $109,548 | $96,193 | $107,423 |
| Gross Margin? | +82.0% | +84.7% | +90.5% | +85.8% | +85.2% | -25.8% | +100.0% | +100.0% | +100.0% | +100.0% |
| Operating Expenses? | $1.92M | $2.10M | $1.83M | $1.76M | $1.70M | $1.91M | $1.72M | $1.52M | $1.63M | $1.25M |
| Operating Income? | -$1.78M | -$1.94M | -$1.55M | -$1.58M | -$1.52M | -$1.67M | -$1.68M | -$1.42M | -$1.54M | -$1.14M |
| EBITDA? | -$1.75M | -$1.91M | -$1.52M | -$1.55M | -$1.59M | -$1.89M | -$2.58M | -$1.11M | -$1.31M | -$1.06M |
| Income Before Tax | -$2.55M | -$2.98M | -$2.25M | -$2.76M | -$1.63M | -$1.78M | -$2.58M | -$1.50M | -$1.60M | -$999,292 |
| Income Tax Expense | -$428,710 | -$1.03M | -$1.14M | -$856,355 | -$603,174 | -$435,903 | -$1.44M | -$694,070 | -$382,090 | -$192,134 |
| Net Income? | -$2.12M | -$1.95M | -$1.11M | -$1.90M | -$1.02M | -$1.35M | -$1.14M | -$807,530 | -$1.21M | -$807,158 |
| EPS? | $-0.02 | $-0.02 | $-0.01 | $-0.03 | $-0.01 | $-0.02 | $-0.02 | $-0.01 | $-0.02 | $-0.01 |
| Diluted EPS? | $-0.02 | $-0.02 | $-0.01 | $-0.03 | $-0.01 | $-0.02 | $-0.02 | $-0.01 | $-0.02 | $-0.01 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality