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MF

mF International Limited

MFITechnologyNASDAQ

Software - Application · Last scanned May 29, 2026

PriceMA150MA200
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Financials · Annual
Revenue
$26.1M
-18.4% YoY
Net Income
-$20.2M
-404.9% YoY
EBITDA
-$13.3M
-194.7% YoY
Free Cash Flow
-$7.9M

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About mF International Limited

mF International Limited mF International Limited, a holding company, engages in the development and provision of financial trading solutions in Hong Kong, mainland China, and Southeast Asia. Valued at $502.6M, MFI is a small-cap name in its sector. It offers real-time mission critical forex, bullion/commodities trading platform solutions, financial value-added services, mobile applications, and financial information for brokers and institutional clients; and various services, including mF4 trading platform, trader pro, bridge and plugins, customer relationship management system, electronic communication network system, liquidity solutions, cross-platform Broker+ solution, social trading applications, and other value-added services.

Key stats
Market Cap$502.6M
Fwd P/E-17.07
EPS$-2.25
Beta7.48
52W Change+41.3%
ROE-77.9%
Analysis

The balance sheet looks solid with $13.2M in cash comfortably exceeding the $4.9M debt load. A net cash position generally provides financial flexibility during uncertain economic periods. The company is burning cash, with free cash flow at -$7.9M. This typically occurs when a company is investing aggressively in growth, but sustained cash burn can strain the balance sheet. ROE of -77.9% points to negative capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. Revenue has pulled back from $32.2M (2021) to $26.1M (2024), a 19% decline worth watching.

A beta of 7.48 means MFI is more volatile than average. Investors should be prepared for wider price swings relative to broader indices. With cash comfortably exceeding debt, MFI has financial flexibility that may help navigate uncertain periods. The company is burning cash at the operating level, which is not unusual for growth-phase companies but adds risk if it persists. It is important to consider these factors alongside broader market conditions and individual financial goals when reviewing MFI.

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