Income Statement Mitesco, Inc.

Stocks

MITI

US60672T2069

IT Services & Consulting

Market Closed - OTC Markets 09:30:50 2026-06-04 EDT			5-day change	1st Jan Change
0.0849 ^USD	-.--%		+183.00%	-49.19%

08-17	Mitesco, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2026	CI
07-15	Mitesco, Inc. Announces the Continued Expansion of Its Small-Format Data Center Strategy Through the Development of A New Edge Computing Services Platform	CI

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Published financial data: MITESCO, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	116K	691K	-	43.7K	38.7K
Total Revenues	116K	691K	-	43.7K	38.7K
Cost of Goods Sold, Total	456K	2.06M	-	15.92K	29.95K
Gross Profit	-340K	-1.37M	-	27.78K	8.75K
Selling General & Admin Expenses, Total	4.7M	7.12M	2.35M	1.19M	1.69M
Stock-Based Compensation (IS)	-	-	-33.09K	-	-
R&D Expenses	-	-	-	-	81.72K
Depreciation & Amortization - (IS)	-	900K	-	-	-
Other Operating Expenses	1.36M	1.2M	100K	-	-
Other Operating Expenses, Total	6.06M	9.22M	2.42M	1.19M	1.77M
Operating Income	-6.4M	-10.59M	-2.42M	-1.16M	-1.77M
Interest Expense, Total	-968K	-4.45M	-1.73M	-438K	-1.48M
Net Interest Expenses	-968K	-4.45M	-1.73M	-438K	-1.48M
Other Non Operating Income (Expenses)	-493K	-687K	-7.71M	-4.59M	3.79M
EBT, Excl. Unusual Items	-7.86M	-15.73M	-11.85M	-6.19M	549K
Gain (Loss) On Sale Of Investments	-	-9.01K	-119K	-	563K
Gain (Loss) On Sale Of Assets	-	-	8.88K	-	-
Asset Writedown	-	-7.6M	-132K	-	-113K
Legal Settlements	-70K	-	-18.76K	-	-500K
Other Unusual Items	7.88K	99.37K	152K	3.67M	-
EBT, Incl. Unusual Items	-7.92M	-23.24M	-11.96M	-2.51M	499K
Earnings From Continuing Operations	-7.92M	-23.24M	-11.96M	-2.51M	499K
Earnings Of Discontinued Operations	-	-	-1.37M	-	-
Net Income to Company	-7.92M	-23.24M	-13.33M	-2.51M	499K
Net Income - (IS)	-7.92M	-23.24M	-13.33M	-2.51M	499K
Preferred Dividend and Other Adjustments	3.3M	322K	1.72M	330K	69.31K
Net Income to Common Incl Extra Items	-11.23M	-23.56M	-15.05M	-2.84M	429K
Net Income to Common Excl. Extra Items	-11.23M	-23.56M	-13.68M	-2.84M	429K
Per Share Items
Net EPS - Basic	-2.77	-5.29	-1.04	-0.42	0.04
Basic EPS - Continuing Operations	-2.77	-5.29	-0.95	-0.42	0.04
Basic Weighted Average Shares Outstanding	4.06M	4.45M	14.44M	6.73M	12.08M
Net EPS - Diluted	-3	-5.29	-1.04	-0.42	-0.14
Diluted EPS - Continuing Operations	-3	-5.29	-0.95	-0.42	-0.14
Diluted Weighted Average Shares Outstanding	4.06M	4.45M	14.44M	6.73M	26.25M
Normalized Basic EPS	-1.21	-2.21	-0.51	-0.57	0.03
Normalized Diluted EPS	-1.21	-2.21	-0.51	-0.57	0.01
Supplemental Items
EBITDA	-6.22M	-9.72M	-2.32M	-1.16M	-1.73M
EBITA	-6.4M	-10.59M	-2.42M	-1.16M	-1.73M
EBIT	-6.4M	-10.59M	-2.42M	-1.16M	-1.77M
EBITDAR	-5.86M	-8.86M	-	-	-
Total Revenues (As Reported)	-	691K	-	-	-
Normalized Net Income	-4.91M	-9.83M	-7.41M	-3.87M	343K
Interest on Long-Term Debt	-	-	-	-	-
Supplemental Operating Expense Items
Marketing Expenses	600K	400K	200K	-	-
Selling and Marketing Expenses	600K	400K	200K	-	-
General and Administrative Expenses	3.5M	3.42M	1.25M	1.19M	1.69M
Research And Development Expense From Footnotes	-	-	-	-	81.72K
Net Rental Expense, Total	352K	861K	-	-	-
Imputed Operating Lease Interest Expense	851K	3.42M	-	-	-
Imputed Operating Lease Depreciation	-499K	-2.56M	-	-	-
Stock-Based Comp., G&A Exp. (Total)	800K	500K	905K	-	-
Stock-Based Comp., Other (Total)	240K	-	-33.09K	702K	825K
Total Stock-Based Compensation	1.04M	500K	871K	702K	825K

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	1.16M	35.62K	2.84K	3.4K	101K
Total Cash And Short Term Investments	1.16M	35.62K	2.84K	3.4K	101K
Accounts Receivable, Total	44.31K	30.94K	-	29.7K	27.6K
Total Receivables	44.31K	30.94K	-	29.7K	27.6K
Inventory	25.31K	-	-	-	-
Prepaid Expenses	72.98K	114K	-	4.97K	3.65K
Total Current Assets	1.31M	180K	2.84K	38.07K	132K
Gross Property Plant And Equipment	9.53M	2.48M	-	-	-
Accumulated Depreciation	-184K	-60K	-	-	-
Net Property Plant And Equipment	9.35M	2.42M	-	-	-
Other Intangibles, Total	-	-	-	152K	-
Total Assets	10.65M	2.6M	2.84K	190K	132K
Liabilities
Accounts Payable, Total	3.93M	6.76M	7.09M	3.68M	3.87M
Accrued Expenses, Total	31.21K	1.15M	1.15M	887K	553K
Short-term Borrowings	1.05M	8.35M	1.67M	1.01M	1.51M
Current Portion of Long-Term Debt	-	-	-	-	-
Current Portion of Leases	162K	443K	99.48K	99.48K	99.48K
Unearned Revenue Current, Total	-	-	-	-	10K
Other Current Liabilities	384K	1.1M	4.12M	12.77M	13.36M
Total Current Liabilities	5.56M	17.8M	14.13M	18.44M	19.4M
Long-Term Debt	-	-	-	-	-
Long-Term Leases	3.97M	3.94M	-	-	-
Other Non Current Liabilities	-	-	-	8.16M	4.2M
Total Liabilities	9.53M	21.74M	14.13M	26.61M	23.6M
Preferred Stock Redeemable	242	242	242	197	421
Preferred Stock Convertible	40.41K	41.48K	2.7K	250	-
Total Preferred Equity	40.65K	41.72K	2.94K	447	421
Common Stock, Total	2.13M	46.3K	55.68K	97.62K	151K
Additional Paid In Capital	24.3M	29.45M	47.86M	37.34M	39.73M
Retained Earnings	-25.48M	-48.71M	-62.05M	-63.86M	-63.36M
Comprehensive Income and Other	132K	36.58K	-	-	-
Total Common Equity	1.08M	-19.18M	-14.13M	-26.42M	-23.47M
Total Equity	1.12M	-19.14M	-14.13M	-26.42M	-23.47M
Total Liabilities And Equity	10.65M	2.6M	2.84K	190K	132K
Supplemental Items
ECS Total Shares Outstanding on Filing Date	4.33M	5.12M	5.64M	9.77M	20.78M
ECS Total Common Shares Outstanding	4.27M	4.63M	5.57M	9.76M	15.09M
Book Value / Share	0.25	-4.14	-2.54	-2.71	-1.56
Tangible Book Value	1.08M	-19.18M	-14.13M	-26.57M	-23.47M
Tangible Book Value Per Share	0.25	-4.14	-2.54	-2.72	-1.56
Total Debt	5.18M	12.73M	1.77M	1.11M	1.61M
Net Debt	4.02M	12.69M	1.76M	1.1M	1.51M
Debt Equivalent Oper. Leases	2.81M	6.89M	-	-	-
Account Code - Inventory Valuation	3	3	3	3	3
Full Time Employees	27	-	3	-	-
Part Time Employees	-	-	-	-	-

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	-7.92M	-23.24M	-11.96M	-2.51M	499K
Depreciation & Amortization - CF	345K	1.23M	-	-	-
Amortization of Goodwill and Intangible Assets - (CF)	-	-	-	3.23K	38.75K
Depreciation & Amortization, Total	345K	1.23M	-	3.23K	38.75K
Amortization of Deferred Charges, Total - (CF)	757K	3.16M	51.6K	-	-
Asset Writedown & Restructuring Costs	-	7.6M	132K	-	113K
Stock-Based Compensation (CF)	1.04M	451K	905K	702K	825K
Provision and Write-off of Bad Debts	-	-	-	-	8.7K
Net Cash From Discontinued Operations	-	-	-699K	-	-
Other Operating Activities, Total	493K	1.16M	8.82M	910K	-2.68M
Change In Accounts Receivable	-44.31K	13.37K	-	-29.7K	-6.6K
Change In Inventories	-25.31K	25.31K	-	-	-
Change In Accounts Payable	54.53K	3.93M	1.49M	196K	416K
Change in Unearned Revenues	-	-	-	-	10K
Change in Other Net Operating Assets	307K	493K	508K	216K	77.32K
Cash from Operations	-5M	-5.17M	-760K	-514K	-702K
Capital Expenditure	-1.93M	-1.75M	-	-	-
Cash Acquisitions	-	-	-	-5K	-
Cash from Investing	-1.93M	-1.75M	-	-5K	-
Short Term Debt Issued, Total	850K	5.86M	-	548K	700K
Long-Term Debt Issued, Total	-	171K	-	-	-
Total Debt Issued	850K	6.03M	-	548K	700K
Short Term Debt Repaid, Total	-179K	-235K	-11.56K	-28.03K	-25.96K
Total Debt Repaid	-179K	-235K	-11.56K	-28.03K	-25.96K
Issuance of Common Stock	1.72M	-	-	-	-
Issuance of Preferred Stock	5.63M	-	738K	-	125K
Other Financing Activities, Total	-	-	-	-	-
Cash from Financing	8.02M	5.79M	727K	520K	799K
Net Change in Cash	1.1M	-1.13M	-32.78K	564	97.46K
Supplemental Items
Cash Interest Paid	2.68K	-	-	-	3.84K
Levered Free Cash Flow	-2.31M	-1.61M	-161K	4.64M	-704K
Unlevered Free Cash Flow	-2.46M	-1.98M	865K	4.91M	218K
Change In Net Working Capital	-2.09M	-4.66M	-1.51M	-4.94M	-458K
Net Debt Issued / Repaid	671K	5.79M	-11.56K	520K	674K

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	-69.83	-99.83	-116.21	-754.85	-685.29
Return on Total Capital	-160.44	13.1K	14.57	3.86	4.68
Return On Equity %	1.12K	257.97	71.92	12.39	-2
Return on Common Equity	1.54K	260.36	82.15	14.02	-1.72
Margin Analysis
Gross Profit Margin %	-292.77	-197.77	-	63.57	22.6
SG&A Margin	4.05K	1.03K	-	2.73K	4.37K
EBITDA Margin %	-5.36K	-1.41K	-	-2.66K	-4.46K
EBITA Margin %	-5.52K	-1.53K	-	-2.66K	-4.46K
EBIT Margin %	-5.52K	-1.53K	-	-2.66K	-4.56K
Income From Continuing Operations Margin %	-6.83K	-3.36K	-	-5.75K	1.29K
Net Income Margin %	-6.83K	-3.36K	-	-5.75K	1.29K
Net Avail. For Common Margin %	-9.68K	-3.41K	-	-6.5K	1.11K
Normalized Net Income Margin	-4.24K	-1.42K	-	-8.85K	886.55
Levered Free Cash Flow Margin	-1.99K	-232.44	-	10.62K	-1.82K
Unlevered Free Cash Flow Margin	-2.12K	-286.81	-	11.24K	563.26
Asset Turnover
Asset Turnover	0.02	0.1	-	0.45	0.24
Fixed Assets Turnover	0.02	0.12	-	-	-
Receivables Turnover (Average Receivables)	-	18.35	-	-	1.35
Short Term Liquidity
Current Ratio	0.24	0.01	0	0	0.01
Quick Ratio	0.22	0	0	0	0.01
Operating Cash Flow to Current Liabilities	-0.9	-0.29	-0.05	-0.03	-0.04
Days Sales Outstanding (Average Receivables)	-	19.89	-	-	270.21
Average Days Payable Outstanding	-	-	-	124K	46K
Long Term Solvency
Total Debt/Equity	461.64	-66.52	-12.5	-4.18	-6.86
Total Debt / Total Capital	82.2	-198.67	-14.29	-4.37	-7.36
LT Debt/Equity	353.82	-20.57	-	-	-
Long-Term Debt / Total Capital	63	-61.44	-	-	-
Total Liabilities / Total Assets	89.46	835.49	498K	14.01K	17.87K
EBIT / Interest Expense	-6.61	-2.38	-1.4	-2.66	-1.2
EBITDA / Interest Expense	-6.06	-1.99	-1.27	-2.65	-1.17
(EBITDA - Capex) / Interest Expense	-8.05	-2.38	-1.27	-2.65	-1.17
Total Debt / EBITDA	-0.88	-1.44	-0.81	-0.95	-0.93
Net Debt / EBITDA	-0.69	-1.43	-0.8	-0.95	-0.87
Total Debt / (EBITDA - Capex)	-0.67	-1.2	-0.81	-0.95	-0.93
Net Debt / (EBITDA - Capex)	-0.52	-1.2	-0.8	-0.95	-0.87
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-	495.32	-	-	-11.44
Gross Profit, 1 Yr. Growth %	-	302.15	-	-	-68.51
EBITDA, 1 Yr. Growth %	145.5	56.35	-46.38	-52.44	48.78
EBITA, 1 Yr. Growth %	152.55	65.46	-44.08	-52.73	48.78
EBIT, 1 Yr. Growth %	152.55	65.46	-44.08	-52.6	51.69
Earnings From Cont. Operations, 1 Yr. Growth %	176.96	193.29	44.54	-79	-119.85
Net Income, 1 Yr. Growth %	176.96	193.29	-42.62	-81.16	-119.85
Normalized Net Income, 1 Yr. Growth %	122.2	100.1	41.68	-47.96	-108.87
Diluted EPS Before Extra, 1 Yr. Growth %	100	91.37	-50.94	-84.03	-66.83
Accounts Receivable, 1 Yr. Growth %	-	-30.17	-	-	-7.07
Net Property, Plant and Equip., 1 Yr. Growth %	1.17K	-74.09	-	-	-
Total Assets, 1 Yr. Growth %	1.23K	-75.58	-99.89	6.59K	-30.41
Tangible Book Value, 1 Yr. Growth %	-142.56	-1.87K	-26.3	87.96	-11.65
Common Equity, 1 Yr. Growth %	-142.56	-1.87K	-26.3	86.89	-11.14
Cash From Operations, 1 Yr. Growth %	228.49	3.56	-85.32	-32.29	36.39
Capital Expenditures, 1 Yr. Growth %	-	-9.3	-	-	-
Levered Free Cash Flow, 1 Yr. Growth %	159.52	-30.37	-103.01	-3.22K	-115.18
Unlevered Free Cash Flow, 1 Yr. Growth %	123.4	-19.39	-82.94	459.77	-95.56
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	475.68	-	-	-	-
Gross Profit, 2 Yr. CAGR %	885.02	-	-	-	-
EBITDA, 2 Yr. CAGR %	-	95.92	-38.94	-48.19	-15.88
EBITA, 2 Yr. CAGR %	110.5	104.42	-38.48	-48.24	-16.14
EBIT, 2 Yr. CAGR %	110.5	104.42	-38.48	-48.17	-15.2
Earnings From Cont. Operations, 2 Yr. CAGR %	42.8	185.01	22.88	-44.91	-79.58
Net Income, 2 Yr. CAGR %	42.8	185.01	29.72	-67.12	-80.66
Normalized Net Income, 2 Yr. CAGR %	44.53	110.86	22.8	-14.01	-78.51
Diluted EPS Before Extra, 2 Yr. CAGR %	-16.41	87.82	-41.46	-53.25	-76.98
Net Property, Plant and Equip., 2 Yr. CAGR %	3.35K	81.67	-	-	-
Total Assets, 2 Yr. CAGR %	928.02	80.51	-98.37	-72.99	582.27
Tangible Book Value, 2 Yr. CAGR %	-31.68	174.65	261.4	17.7	28.87
Common Equity, 2 Yr. CAGR %	-31.68	174.65	261.4	17.36	28.87
Cash From Operations, 2 Yr. CAGR %	152.36	84.44	-61	-68.47	-3.9
Capital Expenditures, 2 Yr. CAGR %	1.47K	-	-	-	-
Levered Free Cash Flow, 2 Yr. CAGR %	134.18	34.42	-73.55	-6.97	117.54
Unlevered Free Cash Flow, 2 Yr. CAGR %	106.24	34.2	-40.65	-1.59	-50.17
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	482.16	-	-27.78	-
Gross Profit, 3 Yr. CAGR %	-	630.74	-	-56.59	-
EBITDA, 3 Yr. CAGR %	-	-	-2.91	-42.85	-26.35
EBITA, 3 Yr. CAGR %	70.69	94.27	-1.5	-43.4	-26.4
EBIT, 3 Yr. CAGR %	70.69	94.27	-1.5	-43.35	-25.86
Earnings From Cont. Operations, 3 Yr. CAGR %	77.56	81.52	61.11	-31.81	-60.8
Net Income, 3 Yr. CAGR %	77.56	81.52	67.04	-31.81	-72.21
Normalized Net Income, 3 Yr. CAGR %	78.49	61.08	49.64	-7.67	-59.67
Diluted EPS Before Extra, 3 Yr. CAGR %	2.1	7.22	-14.2	-46.56	-58.31
Accounts Receivable, 3 Yr. CAGR %	-	-	-	-12.49	-
Net Property, Plant and Equip., 3 Yr. CAGR %	-	575.58	-	-	-
Total Assets, 3 Yr. CAGR %	1.31K	195.52	-84.74	-73.88	-62.97
Tangible Book Value, 3 Yr. CAGR %	-13.18	102.24	77.15	190.64	6.97
Common Equity, 3 Yr. CAGR %	-13.18	102.24	77.15	190.08	6.97
Cash From Operations, 3 Yr. CAGR %	172.49	87.53	-20.65	-53.13	-48.62
Capital Expenditures, 3 Yr. CAGR %	-	506.11	-	-	-
Levered Free Cash Flow, 3 Yr. CAGR %	-	56.3	-43.38	26.25	-49.16
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	50.79	-7.68	25.99	-64.97
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	-	-	65.68	-
Gross Profit, 5 Yr. CAGR %	-	-	-	51.33	-
EBITDA, 5 Yr. CAGR %	-	-	-	-	-7.37
EBITA, 5 Yr. CAGR %	18.08	72.16	13.48	-4.28	-7.39
EBIT, 5 Yr. CAGR %	18.08	72.16	13.48	-4.23	-6.97
Earnings From Cont. Operations, 5 Yr. CAGR %	10.17	98.5	53.25	-8.35	-29.49
Net Income, 5 Yr. CAGR %	10.17	98.5	56.61	-8.35	-29.49
Normalized Net Income, 5 Yr. CAGR %	20.8	83.59	53.69	10.45	-31.11
Diluted EPS Before Extra, 5 Yr. CAGR %	-29.91	20.05	-19.59	-37.12	-37.77
Total Assets, 5 Yr. CAGR %	463.52	-	-5.69	13.49	-30.22
Tangible Book Value, 5 Yr. CAGR %	0.3	69.1	53.59	62.86	55.98
Common Equity, 5 Yr. CAGR %	0.3	69.1	53.59	62.68	55.98
Cash From Operations, 5 Yr. CAGR %	79.31	156.06	25.2	-8.09	-14.34
Levered Free Cash Flow, 5 Yr. CAGR %	1.87	-	-	61.64	-4.53
Unlevered Free Cash Flow, 5 Yr. CAGR %	3.99	-	-	53.44	-27.65