NFT Limited (MI) Balance Sheet
MI balance sheet, 2025
December 31, 2025 · U.S. dollars$105.9M assets = $6.2M liabilities + $99.7M equity
Both columns are drawn to the same scale: what MI owns equals what it owes plus shareholders’ equity. Hover a block for its value.
MI financial health
Descriptive bands, not a rating. Fiscal 2025.
MI balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $48.2M2016 | $105.9M2025 | +9.1%/yr | |
| Total liabilities | $30.6M2016 | $6.2M2025 | −16.3%/yr | |
| Shareholders’ equity | $17.6M2016 | $99.7M2025 | +21.2%/yr | |
| Cash & short-term investments | $35.1M2016 | $7.2M2025 | −16.2%/yr | |
| Total debt | $7.3M2016 | $02024 | −100.0% | |
| Net cash (debt) | $27.8M2016 | $82.3M2024 | +$54.5M | |
| Working capital | $14.9M2016 | $99.7M2025 | +$84.7M | |
| Debt / equity | 0.422016 | 0.002024 | −0.42 |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
MI assets
MI liabilities and equity
MI debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
MI balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $7.2M | $82.3M | $61.8M | $63.7M | $1.5M | $31,188 | −$5.6M | $12.5M | $37.1M | $35.1M |
| Cash & equivalents | $7.2M | $82.3M | $61.8M | $63.7M | $1.5M | $31,188 | −$5.6M | $12.5M | $37.1M | $35.1M |
| Short-term investments | — | — | $5,557 | $5,557 | — | — | — | — | — | — |
| Receivables | $0 | $0 | $800,000 | $86,434 | $120,000 | $0 | $7.8M | $515,131 | $2.2M | $9.4M |
| Inventory | $0 | $0 | −$5,557 | $0 | $540,596 | $0 | −$7.8M | $0 | $0 | $0 |
| Other current assets | $98.7M | $4.4M | $11.1M | $3.9M | $2,791 | $23.1M | $18,906 | $9.3M | $10.2M | $968,446 |
| Total current assets | $105.9M | $86.6M | $73.7M | $67.7M | $2.2M | $23.1M | −$5.6M | $22.3M | $49.6M | $45.5M |
| Property, plant & equipment (net) | $0 | $0 | $0 | $20,758 | $6,883 | $0 | $1.6M | $1.4M | $2.2M | $2.1M |
| Goodwill & intangible assets | $0 | $0 | $0 | $22,226 | $140 | $140 | $22,401 | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $9.3M | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $0 | $0 | $0 | $18,392 | $183,559 | $1.3M | $36.4M | $776,315 | $1.1M | $630,464 |
| Total assets | $105.9M | $86.6M | $73.7M | $67.8M | $11.7M | $24.4M | $32.4M | $24.6M | $52.8M | $48.2M |
| Liabilities | ||||||||||
| Accounts payable | — | — | — | $2.4M | — | $11,327 | — | — | — | $61,735 |
| Short-term debt | — | $0 | $0 | $1.6M | $62,397 | $72,367 | $8.5M | $9.2M | $7.7M | $7.3M |
| Deferred revenue | $4.4M | $4.4M | $4.3M | $2.7M | — | $9.2M | $8,788 | $8,995 | $170,078 | $360,248 |
| Total current liabilities | $6.2M | $5.7M | $12.9M | $15.3M | $8.9M | $18.5M | $8.5M | $14.1M | $34.9M | $30.6M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | — | — | — | — | — | $175,746 | $215,843 | — | — | — |
| Other long-term liabilities | $0 | $0 | $0 | $0 | $0 | $103,379 | $48,856 | $0 | $0 | $62,617 |
| Total liabilities | $6.2M | $5.7M | $12.9M | $15.3M | $8.9M | $18.6M | $8.5M | $14.1M | $34.9M | $30.6M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $71,592 | $25,326 | $38,491 | $34,992 | $14,372 | $11,271 | $11,255 | $11,226 | $11,189 | $11,169 |
| Retained earnings (deficit) | −$30.0M | −$28.7M | −$35.0M | −$39.8M | −$29.4M | −$226,311 | $386,327 | $4.5M | $12.1M | $13.2M |
| Accumulated other comprehensive income | — | — | $0 | −$357,486 | −$341,089 | −$328,030 | −$273,029 | −$302,702 | −$320,290 | −$1.1M |
| Total shareholders' equity | $99.7M | $80.9M | $60.8M | $52.4M | $2.8M | $5.8M | $23.9M | $10.5M | $17.9M | $17.6M |
| Key figures | ||||||||||
| Total debt | — | $0 | $0 | $1.6M | $62,397 | $72,367 | $8.5M | $8.9M | $7.7M | $7.3M |
| Net cash (debt) | — | $82.3M | $61.8M | $62.1M | $1.4M | −$41,179 | −$14.1M | $3.6M | $29.4M | $27.8M |
| Working capital | $99.7M | $80.9M | $60.8M | $52.3M | −$6.7M | $4.6M | −$14.1M | $8.2M | $14.7M | $14.9M |
| Tangible book value | $99.7M | $80.9M | $60.8M | $52.4M | $2.8M | $5.8M | $23.9M | $10.5M | $17.9M | $17.6M |
| Current ratio | 17.13 | 15.13 | 5.72 | 4.41 | 0.24 | 1.25 | −0.66 | 1.58 | 1.42 | 1.49 |
| Quick ratio | 1.16 | 14.37 | 4.85 | 4.15 | 0.18 | 0.00 | 0.26 | 0.92 | 1.13 | 1.46 |
| Debt / equity | — | 0.00 | 0.00 | 0.03 | 0.02 | 0.01 | 0.36 | 0.85 | 0.43 | 0.42 |
| Equity / assets | 94.2% | 93.4% | 82.5% | 77.4% | 23.8% | 23.8% | 73.8% | 42.6% | 33.9% | 36.6% |
| Jun '26 | Mar '26 | Dec '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | Jun '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $103.0M | $7.2M | $2.8M | $62.5M | $62.5M | $82.3M | $82.3M | $81.6M | $81.6M | $61.8M | $61.8M | $63.6M |
| Cash & equivalents | $103.0M | $7.2M | $2.8M | $62.5M | $62.5M | $82.3M | $82.3M | $81.6M | $81.6M | $61.8M | $61.8M | $63.6M |
| Short-term investments | — | — | — | — | — | — | — | — | $5,557 | $5,557 | $5,557 | $5,557 |
| Receivables | $2.1M | $0 | $0 | $0 | $0 | $0 | $800,000 | $800,000 | $800,000 | $800,000 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $2.5M | $98.7M | $103.1M | $43.5M | $43.5M | $4.4M | $3.6M | $4.4M | $4.4M | $11.1M | $11.9M | $5.5M |
| Total current assets | $107.6M | $105.9M | $105.9M | $105.9M | $105.9M | $86.6M | $86.6M | $86.8M | $86.8M | $73.7M | $73.7M | $69.1M |
| Property, plant & equipment (net) | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $1,295 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total assets | $107.6M | $105.9M | $105.9M | $105.9M | $105.9M | $86.6M | $86.6M | $86.8M | $86.8M | $73.7M | $73.7M | $69.1M |
| Liabilities | ||||||||||||
| Short-term debt | — | — | — | $0 | — | $0 | — | $0 | — | $0 | — | $2.0M |
| Deferred revenue | $4.2M | $4.4M | — | $4.3M | $4.4M | $4.4M | $4.4M | $4.4M | — | — | — | $3.6M |
| Total current liabilities | $6.0M | $6.2M | $6.2M | $5.9M | $5.9M | $5.7M | $5.7M | $12.0M | $12.0M | $12.9M | $12.9M | $9.9M |
| Long-term debt | $0 | $0 | $0 | $20.0M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $0 | $0 | $0 | $0 | $20.0M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total liabilities | $6.0M | $6.2M | $6.2M | $25.9M | $25.9M | $5.7M | $5.7M | $12.0M | $12.0M | $12.9M | $12.9M | $9.9M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $9,245 | $71,592 | — | $25,326 | $25,326 | $25,326 | $25,326 | $204,269 | $204,269 | $38,491 | $38,491 | $34,992 |
| Retained earnings (deficit) | −$30.5M | −$30.0M | −$30.0M | −$29.5M | −$29.5M | −$28.7M | −$28.7M | −$28.7M | −$28.7M | −$35.0M | −$35.0M | −$33.4M |
| Accumulated other comprehensive income | — | — | — | — | — | — | $0 | — | $0 | — | $0 | $0 |
| Total shareholders' equity | $101.6M | $99.7M | $99.7M | $80.1M | $80.1M | $80.9M | $80.9M | $74.8M | $74.8M | $60.8M | $60.8M | $59.2M |
| Key figures | ||||||||||||
| Total debt | — | — | — | $20.0M | $20.0M | $0 | — | $0 | — | $0 | — | $2.0M |
| Net cash (debt) | — | — | — | $42.5M | $42.5M | $82.3M | — | $81.6M | — | $61.8M | — | $61.6M |
| Working capital | $101.6M | $99.7M | $99.7M | $100.1M | $100.1M | $80.9M | $80.9M | $74.8M | $74.8M | $60.8M | $60.8M | $59.2M |
| Tangible book value | $101.6M | $99.7M | $99.7M | $80.1M | $80.1M | $80.9M | $80.9M | $74.8M | $74.8M | $60.8M | $60.8M | $59.2M |
| Current ratio | 17.97 | 17.13 | 17.13 | 18.11 | 18.11 | 15.13 | 15.13 | 7.21 | 7.21 | 5.72 | 5.72 | 6.95 |
| Quick ratio | 17.56 | 1.16 | 0.46 | 10.68 | 10.68 | 14.37 | 14.51 | 6.85 | 6.85 | 4.85 | 4.79 | 6.41 |
| Debt / equity | — | — | — | 0.25 | 0.25 | 0.00 | — | 0.00 | — | 0.00 | — | 0.03 |
| Equity / assets | 94.4% | 94.2% | 94.2% | 75.6% | 75.6% | 93.4% | 93.4% | 86.1% | 86.1% | 82.5% | 82.5% | 85.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed May 1, 2026); data from EODHD.
MI financial position
At the end of fiscal 2025 (December 31, 2025), NFT had total assets of $105.9 million (up 22.2% from a year earlier), total liabilities of $6.2 million and shareholders' equity of $99.7 million. Its current ratio was 17.13. In the latest quarter (ended June 30, 2026) total assets were $107.6 million and equity $101.6 million.
Related: MI income statement, MI cash flow statement, MI key metrics. See the MI stock overview for the latest quote and news.
MI balance sheet FAQ
What are NFT's total assets?
NFT reported total assets of $105.9 million at the end of fiscal 2025 (December 31, 2025), compared with $86.6 million a year earlier.
How much cash does NFT have?
NFT held $7.2 million in cash and short-term investments at the end of fiscal 2025.
What is NFT's book value?
NFT's shareholders' equity (book value) was $99.7 million at the end of fiscal 2025.
What is NFT's current ratio?
NFT had current assets of $105.9 million and current liabilities of $6.2 million, a current ratio of 17.13 (it can cover its short-term obligations).