Moatable Inc (MTBLY) Income Statement
MTBLY 2024 at a glance
Fiscal year ended December 31, 2024 · U.S. dollarsMTBLY revenue and net income
Where MTBLY's revenue goes
2024Each bar shows an amount and its share of revenue. MTBLY kept −3.4% of revenue as net income.
MTBLY profit margins
MTBLY growth rates
to 2024| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +21.9% | +25.4% | +33.3% | — |
| Gross profit | +18.2% | +23.9% | +42.0% | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
MTBLY quarterly EPS vs estimates
Moatable beat the analyst EPS estimate in 6 of the last 8 quarters.
MTBLY income statement
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $63.5M | $52.1M | $45.8M | $32.2M | $18.1M | $15.1M | $498.2M | $174.6M | $63.3M |
| Cost of revenue | $15.1M | $11.2M | $10.4M | $6.8M | $3.5M | $6.7M | $476.5M | $163.3M | $51.7M |
| Gross profit | $48.3M | $40.9M | $35.4M | $25.4M | $14.7M | $8.4M | $21.7M | $11.3M | $11.6M |
| Research & development | $19.1M | $18.4M | $16.2M | $10.7M | $11.3M | $22.8M | $26.3M | $17.4M | $20.7M |
| Sales, general & admin | $32.0M | $31.3M | $34.4M | $34.1M | $30.5M | — | — | — | — |
| Total operating expenses | $51.3M | $51.6M | $50.6M | $48.8M | $41.9M | $56.5M | $132.0M | $89.0M | $84.6M |
| Operating income | −$3.0M | −$10.7M | −$15.3M | −$23.4M | −$27.2M | −$48.1M | −$110.3M | −$77.7M | −$73.0M |
| Interest income | $1.5M | $1.6M | $602,000 | $238,000 | $8.1M | — | — | — | — |
| Interest expense | — | $0 | $25,000 | $51,000 | $303,000 | $566,000 | $5.1M | $4.3M | $12.4M |
| Income before taxes | −$3.4M | −$14.4M | −$67.4M | −$45.4M | −$16.9M | −$29.0M | −$146.5M | −$42.8M | −$173.3M |
| Income taxes | −$857,000 | −$6.7M | −$2.3M | −$969,000 | −$65,000 | $1.9M | $9.8M | $4.5M | $2.5M |
| Net income | −$2.1M | −$9.0M | −$76.9M | −$113.7M | −$19.2M | −$51.1M | −$169.6M | −$110.4M | −$193.6M |
| EBITDA | −$1.7M | −$13.5M | −$65.9M | −$45.0M | −$15.7M | −$27.6M | −$108.8M | −$36.4M | −$43.0M |
| EPS (diluted) | −$5.39 | −$25.27 | −$0.07 | −$0.09 | $0.04 | −$95.60 | $0.36 | −$4.80 | −$8.42 |
| Gross margin | 76.1% | 78.5% | 77.3% | 78.8% | 80.9% | 55.5% | 4.4% | 6.5% | 18.3% |
| Operating margin | −4.7% | −20.6% | −33.3% | −72.7% | −150.4% | −319.0% | −22.1% | −44.5% | −115.2% |
| Net margin | −3.4% | −17.3% | −167.9% | −352.8% | −106.2% | −338.7% | −34.0% | −63.2% | −305.6% |
| Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | Jun '23 | Mar '23 | Dec '22 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $20.4M | $19.3M | $18.0M | $17.5M | $16.7M | $15.3M | $14.0M | $13.8M | $13.3M | $12.9M | $12.1M | $12.5M |
| Cost of revenue | $5.3M | $5.0M | $4.6M | $4.3M | $4.1M | $3.5M | $3.3M | $3.1M | $2.8M | $2.6M | $2.7M | $2.8M |
| Gross profit | $15.1M | $14.3M | $13.4M | $13.2M | $12.6M | $11.8M | $10.7M | $10.7M | $10.5M | $10.2M | $9.4M | $9.7M |
| Research & development | $6.7M | $6.1M | $5.8M | $5.3M | $4.8M | $4.6M | $4.5M | $4.3M | $4.3M | $4.9M | $4.9M | $4.2M |
| Sales, general & admin | $9.9M | $7.8M | $8.6M | $9.0M | $8.1M | $7.7M | $7.2M | $8.2M | $7.0M | $8.2M | $7.9M | $9.3M |
| Total operating expenses | $16.6M | $13.8M | $14.4M | $14.3M | $12.9M | $12.3M | $11.6M | $12.5M | $11.3M | $13.1M | $12.8M | $14.5M |
| Operating income | −$1.5M | $446,000 | −$974,000 | −$1.1M | −$235,000 | −$478,000 | −$936,000 | −$1.8M | −$799,000 | −$2.8M | −$3.4M | −$4.7M |
| Interest income | $155,000 | $171,000 | $282,000 | $351,000 | $393,000 | $409,000 | $362,000 | $464,000 | $378,000 | $437,000 | $356,000 | — |
| Interest expense | — | — | — | — | — | — | — | — | — | — | — | $1,000 |
| Income before taxes | −$1.1M | $139,000 | −$549,000 | −$1.6M | $901,000 | −$61,000 | −$2.2M | −$3.8M | −$6.8M | −$9.3M | $4.6M | −$21.3M |
| Income taxes | −$464,000 | −$296,000 | $545,000 | −$489,000 | −$604,000 | $121,000 | $115,000 | −$6.9M | $192,000 | −$520,000 | −$780,000 | −$2.3M |
| Net income | −$1.3M | $507,000 | −$818,000 | −$661,000 | $1.5M | −$162,000 | −$2.8M | $299,000 | −$6.8M | −$8.4M | $6.0M | −$18.4M |
| EBITDA | −$1.4M | $798,000 | −$622,000 | −$723,000 | −$22,000 | −$286,000 | −$2.0M | −$1.6M | −$601,000 | −$2.5M | −$3.2M | −$21.1M |
| EPS (diluted) | −$0.09 | $0.03 | −$0.04 | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | −$0.02 |
| Gross margin | 74.1% | 74.1% | 74.5% | 75.5% | 75.7% | 77.1% | 76.4% | 77.8% | 78.8% | 79.6% | 77.6% | 78.0% |
| Operating margin | −7.1% | 2.3% | −5.4% | −6.3% | −1.4% | −3.1% | −6.7% | −13.1% | −6.0% | −22.0% | −28.1% | −37.8% |
| Net margin | −6.3% | 2.6% | −4.5% | −3.8% | 9.0% | −1.1% | −20.1% | 2.2% | −51.5% | −65.4% | 49.1% | −147.4% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in MTBLY's financial statements (latest annual report filed April 15, 2025); data from EODHD. Sales, general & administrative expenses include sales and marketing.
MTBLY financial results
In fiscal year 2024 (ended December 31, 2024), Moatable reported revenue of $63.5 million, up 21.9% from the year before. It had a net loss of $2.1 million, a net profit margin of −3.4%. Diluted earnings per share came to −$5.39. Over five years revenue grew at an average rate of 33.3% a year.
See the MTBLY stock overview for the latest quote and news, or the MTBLY chart for price history and technical indicators.
MTBLY income statement FAQ
What is Moatable's annual revenue?
Moatable reported total revenue of $63.5 million for fiscal year 2024, which ended on December 31, 2024. That was up 21.9% from $52.1 million the previous year.
Is Moatable profitable?
No. Moatable reported a net loss of $2.1 million in fiscal 2024, a net profit margin of −3.4%; its operating margin was −4.7%.
What is Moatable's gross margin?
Moatable's gross margin was 76.1% in fiscal 2024: for every $100 of revenue, Moatable kept $76 after the direct cost of its products and services.
How much does Moatable spend on research and development?
Moatable spent $19.1 million on research and development in fiscal 2024, 30.1% of revenue.
How fast is Moatable growing?
Revenue grew 33.3% a year on average over the last five fiscal years, from $15.1 million to $63.5 million.
What are Moatable's earnings per share?
Moatable earned $-5.39 per diluted share in fiscal 2024, compared with $-25.27 a year earlier.
When does Moatable's fiscal year end?
Moatable's fiscal year ends in December. The latest annual report covers the year ended December 31, 2024 and was filed on April 15, 2025.