NFT Ltd
MI · Finance Services · EDGAR filings ↗
Grade
D43Tiny NFT/art-trading platform with deeply negative cash-flow margins, restricted-cash constraints and frontier-bank exposure.
Strengths
- High headline current/quick ratio (17.1x) and gross margin 73.5% (76th pct)
- Modest book ROA/ROE percentiles (70th/67th) given small losses
Risks
- Operating cash margin -137x (3.4th pct) — essentially no cash generation
- Cash trapped: $4.4M restricted client funds and $7.1M at an uninsured Djibouti bank with forex-transfer limits
- Speculative, regulation-exposed NFT model with revenue flat-to-declining
Notable findings
- Net lossNet loss (net margin -187.7%)
Key metrics
Gross margin
73.5%
Operating margin
-148.1%
Net margin
-187.7%
Return on equity
-1.4%
Return on assets
-1.3%
Revenue growth (QoQ)
-2.0%
Net-income growth
-121.6%
Current ratio
17.1×
Tangible book value
$100M
Cash & investments
$3M
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 20-F | 2026-05-01 | 2025-12-31 | 0001213900-26-050939 ↗ |
| 20-F | 2025-04-30 | 2024-12-31 | 0001213900-25-037682 ↗ |
| 20-F | 2024-05-16 | 2023-12-31 | 0001213900-24-043897 ↗ |