MITI Mitesco, Inc.

Overview and Growth

In fiscal 2025, Mitesco, Inc. recorded $38.70K of revenue, net income of $498.72K, and an operating cash outflow of $701.59K. The $38.70K revenue base provides substantial context for the company’s earnings, cash generation, and capital requirements. Revenue was 11.4% below fiscal 2024 revenue of $43.70K, marking a top-line contraction. Diluted earnings per share were -$0.14, translating the period’s attributable earnings into the amount reported for each diluted share. Diluted shares averaged 26.25M; this is the reported share base over which the company’s diluted per-share earnings were spread. Diluted shares moved 289.8% from 6.73M in fiscal 2024, leaving the current share base higher year over year. At period end, total assets were $132.11K, framing the scale of the company’s operating and financing commitments. Asset turnover was 0.29x, relating the company’s annual revenue directly to the total assets reported at the period end.

Profitability

The reported operating result was an operating loss of $1.88M, reflecting costs that exceeded gross profit. Net income came to $498.72K, completing the progression from revenue through gross and operating profitability to the final reported result. Before income taxes, the company reported $498.72K of earnings, providing a bridge between the operating result and final net income. Income tax expense totaled $0.00, providing the reported tax component that separates pretax and after-tax earnings. The effective relationship between income tax and positive pretax income was 0.0%, without assuming a statutory-rate comparison. The net-income-to-assets relationship measured 377.5%, showing earnings relative to the full balance sheet. The company moved from a $2.51M net loss in fiscal 2024 to net income of $498.72K.

Liquidity and Capital Structure

At period end, the $132.11K asset base was financed through $23.60M of liabilities and -$23.47M of equity. With total equity at -$23.47M, the company carried a negative book-capital position, increasing its reliance on liabilities and future earnings. At period end, current assets of $132.11K compared with current liabilities of $19.40M, defining the company’s short-term resource position. Current assets covered only 0.01x of current liabilities, so current liabilities exceeded current assets at period end. Reported cash and equivalents were $100.86K, separating immediately recognizable cash resources from the rest of the current-asset base. Cash and equivalents represented 0.5% of current liabilities, showing the portion of near-term obligations matched by reported cash alone. The company carried $639.42K of total debt at period end, which frames its leverage and debt-service burden. The debt-to-assets relationship was 484.0%, comparing borrowing with the total asset balance. Cash and equivalents equaled 76.3% of total assets, showing the liquid cash component within the company’s broader resource base. Compared with $189.84K in fiscal 2024, the current asset base moved 30.4% and finished lower.

Cash Flow and Earnings Quality

Cash flow from operations was an outflow of $701.59K, showing that operations absorbed cash during the period. Compared with a $514.41K operating cash outflow in fiscal 2024, the current outflow increased to $701.59K.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Sep 24, 2026.