Mawson Infrastructure Group Inc. (MIGI) Financial Statements
Industry: Finance Services
In fiscal 2025, Mawson Infrastructure reported revenue of $39.8M, down 32.9% from $59.3M the year before. Net income was -$23.7M (a -59.5% net margin), or -$20.11 per diluted share. Gross margin was 43.6% and operating margin was -48.5%. Operating activities generated -$6.9M of cash, leaving -$7.0M of free cash flow. At fiscal year end, Mawson Infrastructure held $57.4M in total assets against $60.6M in total liabilities, including $13.3M of cash and equivalents.
Open the full interactive Mawson Infrastructure financials → Quarterly statements, key ratios, valuation history and price charts.
Mawson Infrastructure Key Stats
| Share Price | $5.27 |
|---|---|
| Market Cap | $29.3M |
| Revenue YoY Growth | -32.9% |
| 52-Week Range | $1.71 – $33.60 |
| Shares Outstanding | 5.6 million (basic, 2026 Q2) |
Mawson Infrastructure Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $36,000 | $43.9M | $84.4M | $43.6M | $59.3M | $39.8M |
| Cost of Goods Sold | — | — | — | $557 | — | — |
| Gross Profit | — | $34.0M | $36.7M | $15.0M | $20.3M | $17.3M |
| Operating Income | -$2.4M | $42.7M | -$44.1M | -$60.3M | -$31.2M | -$19.3M |
| Pre-Tax Income | -$12.2M | -$45.2M | -$54.0M | -$52.6M | -$45.4M | -$23.6M |
| Income Tax | -$7.2M | $277,717 | -$1.3M | $5.9M | $976,570 | $12,526 |
| Net Income | -$4.9M | -$45.5M | -$52.8M | -$60.4M | -$46.1M | -$23.7M |
| Diluted EPS | -$384.00 | -$96.00 | -$12.20 | -$77.20 | -$51.80 | -$20.11 |
Mawson Infrastructure Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $13.2M | $3.2M | $4.8M | $6.2M |
| Net Income | $327,659 | -$15.7M | $609,803 | -$7.4M |
| Diluted EPS | $0.20 | -$13.30 | $0.12 | -$1.33 |
Mawson Infrastructure Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $247,000 | $5.5M | $946,265 | $4.5M | $6.1M | $13.3M |
| Current Assets | $3.2M | $11.4M | $20.3M | $20.1M | $26.0M | $27.5M |
| Total Assets | $3.2M | $145.3M | $133.3M | $84.8M | $61.4M | $57.4M |
| Current Liabilities | $1.8M | $20.1M | $35.5M | $53.3M | $61.9M | $58.8M |
| Total Long-Term Debt | — | — | $4.51T | $38.7M | $41.8M | $50.4M |
| Total Liabilities | $7.3M | $30.7M | $57.2M | $54.4M | $64.7M | $60.6M |
| Shareholders' Equity | -$4.1M | $114.7M | $77.1M | $29.2M | -$3.2M | -$3.1M |
Mawson Infrastructure Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | -$1.5M | $23.0M | $14.3M | -$2.5M | $3.6M | -$6.9M |
| Cash From Investing | $823,000 | -$128.2M | -$32.5M | $10.7M | -$1.1M | -$109,690 |
| Cash From Financing | $197,000 | $109.9M | $14.0M | -$4.6M | -$830,067 | $14.2M |
| Free Cash Flow | — | -$53.9M | -$35.7M | -$7.9M | $1.6M | -$7.0M |
Figures from Mawson Infrastructure's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Mawson Infrastructure financials page for every line item.
Mawson Infrastructure Company Profile
| Ticker | MIGI |
|---|---|
| Exchange | Nasdaq |
| Industry | Finance Services |
| Headquarters | Midland, Pennsylvania |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Non-accelerated filer, smaller reporting company |
| SEC CIK | 0001218683 |
Frequently Asked Questions
What was Mawson Infrastructure's revenue in fiscal 2025?
Mawson Infrastructure (MIGI) reported revenue of $39.8M for fiscal 2025.
What is Mawson Infrastructure's annual revenue history?
Mawson Infrastructure's annual revenue by fiscal year: 2020: $36,000; 2021: $43.9M; 2022: $84.4M; 2023: $43.6M; 2024: $59.3M; 2025: $39.8M.
What was Mawson Infrastructure's net income in fiscal 2025?
Mawson Infrastructure reported net income of -$23.7M for fiscal 2025.
What was Mawson Infrastructure's earnings per share (EPS) in fiscal 2025?
Mawson Infrastructure's diluted EPS was -$20.11 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Mawson Infrastructure generate in fiscal 2025?
Mawson Infrastructure generated -$7.0M of free cash flow in fiscal 2025.
What was Mawson Infrastructure's revenue last quarter?
In its most recent reported quarter (2026 Q2), Mawson Infrastructure reported revenue of $6.2M.
How much debt does Mawson Infrastructure have?
Mawson Infrastructure reported $50.4M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Mawson Infrastructure are outstanding?
Mawson Infrastructure reported a weighted average of 5.6 million basic shares outstanding in 2026 Q2.
What is Mawson Infrastructure's market cap?
Based on its latest closing price, Mawson Infrastructure (MIGI) has a market capitalization of about $29.3M.
When does Mawson Infrastructure's fiscal year end?
Mawson Infrastructure's fiscal year end, as registered with the SEC, is December 31.
Where is Mawson Infrastructure headquartered?
Mawson Infrastructure lists its business address in Midland, Pennsylvania in its SEC filings.