Mawson Infrastructure Group Inc.

BGDE Financial Capital Markets

Mawson Infrastructure Group Inc.’s revenue for fiscal 2025 (year ended December 2025) was $39.8 million, down 32.9% from fiscal 2024.

Revenue
−35.5%
EPS
+83.4%
Free cash flow
−56.8%
Total debt
+30.0%

Quarter to June 2026, against a year earlier

2.58 0.19 −6.86%
Market cap
$15.1M
P/E
0.0×
Fwd P/E
−0.6×
Dividend yield
—
F-score
5/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

Insider Decisions last twelve months

Bought, $m 21.06
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy 1 4 — — — — 6 — 5 5 — —
Sell — — — — — — — — — — — —
Insider Ownership 42.58%

Capital & Financial Ratios $m

Size
Market Cap 15.10
Revenue ttm 27.38
Net income ttm (22.09)
Free cash flow ttm (24.87)
Net debt Q 13.76
Valuation
P/E 0.00
Forward P/E (0.64) (negative: loss-making)
Price / sales 0.52
Forward P/S Powerpack
Price / FCF 0.00
Price / book 1.15
Financial health
Current ratio Q 0.71
Debt / equity Q 2.41
Interest coverage Q (6.23)
Growth
Revenue growth Q −35.46% (below 0%: shrinking)
Operating income growth Q +4.17% (above 0%: growing)
EPS, this year +42.69% (at or above 15%: strong)
EPS, next year A +94.94% (at or above 15%: strong)
Revenue, next year A −46.67% (below 0%: weak)
EPS, past 5 yrs —
EPS, next 5 yrs A +47.37% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

P/S against its own 10 years 50.71%
10-year low 10-year high
P/B against its own 10 years 31.40%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 4 6 13 16
Receivables 12 15 10 9
Inventory — — — —
Other — — 1 —
20 26 27 33
2023 2024 2025 Q'26
Payables 33 39 32 15
ST’ Debt 19 21 25 30
Other — — — —
53 62 59 46

Compound Annual Growth %

10y 5y 3y
Sales — 54.96% (22.19%)
Cash Flow — 0.00% 0.00%
Earnings — 0.00% 0.00%
Book Value — 0.00% 0.00%

EPS $

Mar Jun Sep Dec Year
’26 0.12 (1.33) — — —
’25 (0.33) (8.00) 0.28 (12.13) (20.11)
’24 (23.80) (11.00) (13.20) (4.83) (51.80)
’23 (16.00) (22.40) (23.00) (15.20) (77.20)
’22 (19.20) (3.60) (32.39) (29.44) (83.20)
’21 (107.98) (12.00) (4.80) 27.76 (95.98)
’20 (96.56) (359.86) (59.27) 143.97 (85.55)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 5 6 — — —
’25 14 10 13 3 40
’24 19 13 12 15 59
’23 8 11 11 14 44
’22 19 20 28 17 84
’21 7 6 11 20 44
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (17) (3) — — —
’25 (1) (2) (1) (3) (7)
’24 2 2 (1) 0 4
’23 1 (6) (1) 2 (3)
’22 6 27 (8) (11) 14
’21 2 6 1 15 23
’20 (1) 1 (1) 1 0
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (17) (3) — — —
’25 (1) (2) (1) (4) (7)
’24 2 1 (1) 0 2
’23 (1) (8) (1) 3 (7)
’22 0 12 (43) (15) (46)
’21 (19) 1 (36) 0 (53)
’20 (1) 0 (2) (3) (6)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue — — — — 4 44 84 44 59 40 27 +55.0% 21 20 — (28.4%)
Gross margin, % 0.00 0.00 0.00 0.00 29.07 77.42 43.46 34.46 34.21 43.63 36.89 +43.6 pt
EBT (1) (3) (3) (3) (5) (45) (54) (53) (45) (24) (22) +40.1%
EBT margin, % 0.00 0.00 0.00 0.00 (110.87) (103.01) (64.03) (120.71) (76.54) (59.48) (80.38) (59.5) pt
Net income (1) (3) (3) (3) (5) (45) (54) (59) (46) (24) (22) +40.1%
Per share, $
Per share, $ Revenue 0.00 0.00 0.00 0.00 75.15 93.48 132.93 55.65 66.49 33.79 4.93 n/m
Earnings (3.80) (1,031.79) (731.85) (443.91) (85.55) (95.98) (83.20) (77.20) (51.80) (20.11) (13.05) +20.3%
Cash flow (2.89) (470.34) (469.79) (234.55) (3.13) 48.92 22.46 (3.25) 4.00 (5.87) (4.46) +8.2%
Capex 0.00 (1.38) (1.06) 0.00 (93.04) (162.21) (94.32) (5.48) (1.26) (0.09) (0.02) n/m
Free cash flow (2.89) (471.72) (470.85) (234.55) (96.16) (113.29) (71.87) (8.73) 2.74 (5.96) (4.48) +8.4%
Book value (2.75) (1,068.28) 45.11 60.80 127.79 244.20 119.98 38.81 (3.63) (2.65) 2.24 (0.4%)
Shares, m 0 0 0 0 0 0 1 1 1 1 3 +16.3%
Valuation, ×
Valuation, × P/E — — — — 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.0
P/S — — — — 3.35 8.51 0.28 1.09 0.25 0.12 0.52 2.3
P/B — — — — 1.97 3.26 0.32 1.56 0.00 0.00 1.15 1.2
EV/Sales — — — — 4.40 8.81 0.61 1.43 0.50 0.42 — 2.7
EV/FCF — — — — (3.44) (7.27) (1.13) (9.12) 12.21 (2.41) — (1.9)
Cash, $m
Cash, $m Operating cash flow (1) (1) (2) (2) 0 23 14 (3) 4 (7) (25) +25.8%
Capex 0 0 0 — (6) (76) (60) (4) (1) 0 0 +68.5%
Free cash flow (1) (1) (2) (2) (6) (53) (46) (7) 2 (7) (25) +26.0%
Balance, $m
Balance, $m Working capital (1) (3) 0 1 0 (9) (15) (33) (36) (31) (14) +51.4%
Net debt 1 3 (1) 0 (1) 13 27 15 15 12 14 +39.4%
Shareholders’ equity (1) (3) 0 1 8 115 76 30 (3) (3) 12 +15.8%
Returns, %
Returns, % ROA (343.07) (894.28) (178.64) (170.43) (91.76) (57.98) (37.87) (55.41) (63.10) (39.80) (39.28) +303.3 pt
ROIC 0.00 0.00 0.00 (5,213.82) (53.56) (20.85) (26.65) (83.20) (165.01) (137.10) (66.18) (137.1) pt
ROE 57.98 151.13 247.38 (1,046.11) (124.30) (73.62) (55.32) (113.41) (339.88) 744.32 (1,076.31) +686.3 pt
People
People Employees — 1 1 3 3 40 43 30 33 33 — +54.8%
Revenue/emp, $m — 0.00 0.00 0.00 1.48 1.10 1.96 1.45 1.80 1.20 — n/m
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 25 Oct 2026

Mawson Infrastructure Group Inc. vs peers in Capital Markets (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
FLD Fold Holdings, Inc. $26.6M — (loss-making) — (loss-making) −25.51% (below 0%: shrinking) n/m +812.60% (above 0%: growing) 3.98% (127.57%) Compare
ARBK Argo Blockchain PLC Sponsored ADR $22.5M — (loss-making) — (loss-making) −70.04% (below 0%: shrinking) n/m −128.72% (below 0%: shrinking) (22.79%) (57.47%) Compare
ATCH AtlasClear Holdings, Inc. $19.8M 10.2× — +136.82% (above 0%: growing) n/m −163.33% (below 0%: shrinking) 100.00% (53.57%) Compare
PLUT Plutus Financial Group Limited $18.9M — — — — — — — Compare
TAOX Tao Synergies Inc. $18.9M — (loss-making) — (loss-making) +2,115.00% (above 0%: growing) n/m −16.79% (below 0%: shrinking) 100.00% (1,771.11%) Compare
MDBH MDB Capital Holdings, LLC $15.7M — (loss-making) — +70.95% (above 0%: growing) n/m −21.65% (below 0%: shrinking) 100.00% 1,110.51% Compare
BGDE Mawson Infrastructure Group Inc. $15.1M — (loss-making) — (loss-making) −35.46% (below 0%: shrinking) n/m −56.83% (below 0%: shrinking) 26.14% (102.37%)
NCPL Netcapital Inc. $10.2M — (loss-making) — −38.24% (below 0%: shrinking) n/m +25.34% (above 0%: growing) 98.09% (2,305.73%) Compare
MEGL Magic Empire Global Limited $8.0M — — — — — — — Compare
Median of peers $18.9M — — +22.72% — −19.22% 99.05% (92.52%)

All 97 Capital Markets stocks →

Pay and ownership Proxy statement filed 23 October 2026

Ownership

Directors and executive officers, together 50.20%
Endeavor Group 38.40%
Joshua A. Kilgore 36.30%
Cody R. Smith 12.00%
Phil Stanley 10.80%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Mawson Infrastructure Group Inc. (BGDE) Latest News

7 Apr

3 Feb

22 Jan

21 Nov

14 Sep

7 Jun

Impact 3 · · TipRanks

15 May

15 Apr

Impact 4 · · GlobeNewswire
stockrow.com/BGDE · Data as of Oct 25, 2026 · For information only; not investment advice. · © 2026 stockrow.com