OTC MARKETS · Technology · CIK 0001722731
$4.37
+9.52% · live
Updated
$547.7M market value
From FDCTECH, INC.'s FY2025 10-K/A, filed Jun 8, 2026 · read the filing
FDCTECH makes and sells software and computing services. It took in $35.0M last year, which makes it a small company. Of every dollar it sells, about 17 cents is left as profit.
The financial picture is led by growth, with profitability and debt worth watching.
A conclusion from the filings, not a recommendation. Detailed figures and supporting evidence appear in their dedicated sections below.
Financial health
Generally healthy, with a few things to watch.
From FDCTECH, INC.'s FY2025 annual filing · share price scored separately
Largest year-over-year changes in FY2025
Gross profit
$12.0M → $19.1M
Operating income
-$635.4K → $6.1M
Profit
$247.5K → $5.8M
Gross margin
44.7% → 54.8%
Measured against FY2024, from the 10-K/A filed Jun 8, 2026
Improved: +59.0%
$12.0M to $19.1MCritical
Why it matters: What is left of sales after the direct cost of producing them. It normally moves with revenue, so a move out of step with revenue is the part worth noticing.
Improved: turned positive
-$635.4K to $6.1MCritical
Why it matters: Profit from running the business, before interest and tax. Less exposed than profit to one-off financing and tax items, so a clearer read on the business itself.
How the latest move compares (quote live), and what was published around it
FDCT rose 9.52% on the latest quote. The average Technology company tracked here moved +0.41%, and the S&P 500 −0.47%. That is 9.1 points above its sector and 10.0 points above the market.
No filing from FDCT and no news item about it appeared in the last 3 days.
These coincide with the move in time. None is presented as its cause: a price can move on news that names no company, on the wider market, or on trading that no document records.
Filter by minute, hour, day or week — or compare against peers
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The essentials
Each answered from the filings, with the numbers behind it.
Yes. It keeps about 17 cents of every dollar of sales as profit, earning $5.8M last year. Note that operations still consumed cash despite the reported profit.
Yes, quickly. Sales grew 29.7% last year.
Manageable. For every $1 it owes, it owns $1.55 in assets.
Core operating and valuation reference metrics
Income
This company pays no dividend. It keeps its profits and reinvests them in the business instead, so any return would have to come from the share price.
Figures from the FY2025 annual filing
Last year it earned $5.8M and generated -$40.9M of cash from operations.
Reported annual figures
As reported to the SEC, in USD. Hover or show sources to see where each figure came from.
| Income statement | FY202510-K/A · Jun 8, 2026Filing for FY2025 | FY202410-K/A · Jun 8, 2026Filing for FY2024 | FY202310-K · Oct 15, 2024Filing for FY2023 | FY202210-K · Oct 15, 2024Filing for FY2022 | FY202110-K/A · Oct 15, 2024Filing for FY2021 | ChangeFY2025 vs FY2024 |
|---|---|---|---|---|---|---|
| RevenueWhat is this? | $35.0M | $26.9M | $12.8M | $6.5M | $457.7K | +29.7% |
| Cost of revenue | $15.8M | $14.9M | $6.5M | $5.4M | $419.9K | +6.1% |
| Gross profit | $19.1M | $12.0M | $6.2M | $1.0M | $42.3K | +59.0% |
| Gross marginGross profit ÷ revenueWhat is this? | 54.8% | 44.7% | 49.0% | 15.8% | 9.2% | +10.1 pts |
| Selling, general and administrative | $11.6M | $11.0M | $2.9M | $1.6M | $1.1M | +4.9% |
| Operating income | $6.1M | -$635.4K | $1.6M | -$990.9K | -$1.7M | n/m |
| Operating marginOperating income ÷ revenueWhat is this? | 17.4% | -2.4% | 12.4% | -15.4% | -378.9% | +19.7 pts |
| Interest expense | -$16.2K | $638.5K | $51.7K | $19.9K | — | n/m |
| Income before tax | $5.8M | $236.6K | $1.6M | -$1.1M | -$1.7M | +2363.8% |
| Net income | $5.8M | $247.5K | $1.6M | -$1.1M | -$1.7M | +2242.0% |
| Net marginNet income ÷ revenueWhat is this? | 16.6% | 0.9% | 12.3% | -16.6% | -380.2% | +15.7 pts |
| Earnings per shareNet income ÷ shares outstanding at the period end — close to, but not the same as, the reported EPSWhat is this? | $0.0137 | $0.000633 | $0.004048 | $-0.005061 | $-0.0123 | +2064.9% |
† calculated from other reported figures, such as total liabilities as assets minus equity.
Insider activity, ownership stakes and what's coming — straight from EDGAR, before any article is written about it
Nothing recent
No insider trades, pending-sale notices or 5% stake filings from FDCT in the last few months. That is the ordinary case, not a gap.
Not investment advice, and not a signal to act on by itself — a filing says what happened, not why, and insiders trade for ordinary reasons having nothing to do with where they think the company is headed.
20 recent filings, newest first. Each is labelled from its form and item numbers, not from its wording.
Signed a material agreement
Read the filingRegistration statement for an offering of securities
Read the filingWrite down why you are following FDCTECH, INC., what has to go right and what would change your mind, then see each new annual report measured against it. Sign in to start one.
Go deeper
Every figure above traces back to a filing in the timeline, each linked to the document itself.
The 8 subsidiaries named in its 10-K/A, incorporated across 7 places. A filer lists the significant ones and may leave the rest out, so this is the floor rather than the full count.
Every company's figures are checked for internal consistency: the balance sheet adding up, figures sharing one currency, cash flow and share counts within plausible ranges, and how recent the latest annual report is. Nothing here changes a figure.
Financial figures are from FDCT's 10-K/A for fiscal year 2025 (period ending 2025-12-31, filed Jun 8, 2026), reported under the US GAAP taxonomy. View the source filing.
3 of 4 scored areas had enough reported figures to judge
The score averages profitability, growth, debt and accounting. Accounting had too few reported figures and is left out of the average rather than counted as a weakness, so a company is never marked down for a figure it did not publish. Cash generation is shown for context and already feeds profitability. Valuation is scored separately, because a share price says nothing about whether the business is sound. 8 of the 9 Piotroski checks could be evaluated. How the score works
Each year scored only from its annual report as it was first filed
| Fiscal year | Health | F-Score | Scored from |
|---|---|---|---|
| FY2025 | 7.3 | 4/8 | 10-K, filed Apr 17, 2026 |
| FY2024 | 6.0 | 4/8 | 10-K, filed Mar 31, 2025 |
| FY2023 | 8.7 | 6/8 | 10-K, filed Oct 15, 2024 |
| FY2022 | 4.7 | 4/8 | 10-K, filed Oct 15, 2024 |
| FY2021 | 4.7 | 2/8 | 10-K, filed Mar 28, 2022 |
| FY2020 | 2.0 | 3/8 | 10-K, filed Mar 3, 2021 |
A later restatement never reaches back into an earlier year, and every year is scored without a share price, so the latest point can differ a little from the headline score, which uses today's price.
Every check behind the three models, and what each one tests
4 of 8 checks passed
Nine yes-or-no tests of whether this year's finances improved on last year's. One could not be evaluated and is excluded from the total rather than counted as a failure.
3.21
In the safe zone
For this model, above 2.6 is safe and below 1.1 is distress.
Distance from bankruptcy, from a model fitted on companies that did and did not go bust. It describes a balance sheet's shape today; it does not forecast a failure.
not reported — This company has not reported enough of the required figures to calculate this score.
This company has not reported enough of the required figures to calculate this score.
Screens eight accounting ratios for the pattern earnings manipulators tend to leave. A flag is a reason to read the filing closely, never evidence of wrongdoing.
Every figure above comes from the FY2025 filing as filed with the SEC.
Improved: +2242.0%
$247.5K to $5.8MCritical
Why it matters: Profit swings far more than sales do, and one-off items — a legal settlement, a tax charge, an asset sale — move it without the underlying business changing.
Improved: +10.1 pts
44.7% to 54.8%Critical
Why it matters: What survives each sale before overheads. Falling gross margin usually means the company is discounting or its input costs rose — it is the earliest place pricing pressure shows.
Improved: +19.7 pts
-2.4% to 17.4%Critical
Why it matters: What survives each sale after running the business. A falling operating margin beside a steady gross margin points at overheads — wages, marketing, research — rather than pricing.
Improved: +15.7 pts
0.9% to 16.6%Critical
Why it matters: What survives to the very end of each sale. Worth reading beside revenue: growing sales on a shrinking margin means the company is buying its growth.
Improved: +2064.9%
$0.00 to $0.01Critical
Why it matters: Profit divided by the shares in issue at the period end, so it sits close to but not on the company's own reported figure. It can rise with no growth in profit when the company buys back stock — read it beside the share count.
Improved: +29.7%
$26.9M to $35.0MSignificant
Why it matters: Sales are what everything else is built on. A fall can be lost customers, lower prices, or a business the company sold — the filing itself says which.
Deteriorated: -30.4%
$25.4M to $17.7MSignificant
Why it matters: A falling cash pile is only a warning if the company is consuming it. Paying down debt, buying back stock and paying a dividend all reduce cash by choice.
Deteriorated: +8.2%
391.1M to 423.1MSignificant
Why it matters: New shares divide the same company into more pieces, so each existing holding owns slightly less of it. Often pay for staff or an acquisition rather than anything wrong.
Q2 FY2026 against Q2 FY2025, from the 10-Q filed Aug 17, 2026 — read it.
Improved: +222.4%
$5.4M to $17.5MCritical
Why it matters: Sales are what everything else is built on. A fall can be lost customers, lower prices, or a business the company sold — the filing itself says which.
Improved: +415.0%
$2.3M to $11.9MCritical
Why it matters: What is left of sales after the direct cost of producing them. It normally moves with revenue, so a move out of step with revenue is the part worth noticing.
Improved: turned positive
-$166.5K to $7.4MCritical
Why it matters: Profit from running the business, before interest and tax. Less exposed than profit to one-off financing and tax items, so a clearer read on the business itself.
Improved: turned positive
-$437.9K to $7.7MCritical
Why it matters: Profit swings far more than sales do, and one-off items — a legal settlement, a tax charge, an asset sale — move it without the underlying business changing.
Improved: +25.4 pts
42.5% to 68.0%Critical
Why it matters: What survives each sale before overheads. Falling gross margin usually means the company is discounting or its input costs rose — it is the earliest place pricing pressure shows.
Improved: +45.3 pts
-3.1% to 42.3%Critical
Why it matters: What survives each sale after running the business. A falling operating margin beside a steady gross margin points at overheads — wages, marketing, research — rather than pricing.
Improved: +52.2 pts
-8.1% to 44.1%Critical
Why it matters: What survives to the very end of each sale. Worth reading beside revenue: growing sales on a shrinking margin means the company is buying its growth.
Improved: turned positive
-$0.00 to $1.82Critical
Why it matters: Profit divided by the shares in issue at the period end, so it sits close to but not on the company's own reported figure. It can rise with no growth in profit when the company buys back stock — read it beside the share count.
Improved: +685.0%
$2.3M to $18.2MCritical
Why it matters: A falling cash pile is only a warning if the company is consuming it. Paying down debt, buying back stock and paying a dividend all reduce cash by choice.
Improved: -99.0%
423.1M to 4.2MCritical
Why it matters: The company bought back stock, so each remaining holding owns slightly more of it. Worth checking it was not funded by borrowing.
Q2 FY2026 against Q1 FY2026, from the 10-Q filed Aug 17, 2026 — read it. Quarter-to-quarter moves include seasonal swings — a retailer's holiday quarter — which the year-earlier comparison removes.
Deteriorated: −8.5 pts
76.4% to 68.0%Critical
Why it matters: What survives each sale before overheads. Falling gross margin usually means the company is discounting or its input costs rose — it is the earliest place pricing pressure shows.
Improved: +11128.5%
$0.02 to $1.82Critical
Why it matters: Profit divided by the shares in issue at the period end, so it sits close to but not on the company's own reported figure. It can rise with no growth in profit when the company buys back stock — read it beside the share count.
Improved: +341.1%
$4.1M to $18.2MCritical
Why it matters: A falling cash pile is only a warning if the company is consuming it. Paying down debt, buying back stock and paying a dividend all reduce cash by choice.
Improved: -99.0%
423.1M to 4.2MCritical
Why it matters: The company bought back stock, so each remaining holding owns slightly more of it. Worth checking it was not funded by borrowing.
Improved: +14.8%
$15.2M to $17.5MNotable
Why it matters: Sales are what everything else is built on. A fall can be lost customers, lower prices, or a business the company sold — the filing itself says which.
Improved: +7.7%
$6.9M to $7.4MNotable
Why it matters: Profit from running the business, before interest and tax. Less exposed than profit to one-off financing and tax items, so a clearer read on the business itself.
Improved: +12.3%
$6.9M to $7.7MNotable
Why it matters: Profit swings far more than sales do, and one-off items — a legal settlement, a tax charge, an asset sale — move it without the underlying business changing.
Deteriorated: −2.8 pts
45.1% to 42.3%Notable
Why it matters: What survives each sale after running the business. A falling operating margin beside a steady gross margin points at overheads — wages, marketing, research — rather than pricing.
Deteriorated: −1.0 pts
45.1% to 44.1%Notable
Why it matters: What survives to the very end of each sale. Worth reading beside revenue: growing sales on a shrinking margin means the company is buying its growth.
Figures compare the two most recent annual filings — read the latest one. Moves are graded on fixed lines — 5%, 15% and 40% for amounts, and 1, 3 and 8 points for margins — as notable, significant or critical. Nothing here reads the management commentary, which is where a company explains its own numbers.
The trailing P/E is 37.0x — a high multiple relative to the current trailing profit.
This company has not reported enough of the required figures to calculate this score.
Had a director or senior officer leave or join
Registration statement for an offering of securities
Read the filingReported another event
Read the filingSold shares outside a public offering · Changed the rights attached to its shares · Amended its charter or changed its financial year
Read the filingQuarterly report for Q2 FY2026
Revenue +222.4% · Operating margin +45.3 pts · Gross profit +415.0% — against Q2 FY2025
Read the filingAnnual report for FY2025
Revenue +29.7% · Operating margin +19.7 pts · Gross profit +59.0% — against FY2024
Read the filingSaid previously published accounts cannot be relied on
Read the filingAnnual report for FY2025
Revenue +29.7% · Operating margin +19.7 pts · Gross profit +59.0% — against FY2024
Read the filingSaid previously published accounts cannot be relied on
Read the filingQuarterly report for Q1 FY2026
Revenue +154.6% · Operating margin +38.3 pts · Gross profit +306.7% — against Q1 FY2025
Read the filingAnnual report for FY2025
Revenue +29.7% · Operating margin +19.7 pts · Gross profit +59.0% — against FY2024
Read the filingQuarterly report for Q3 FY2025
Operating margin +19.3 pts · Gross profit +59.2% · Operating income turned positive — against Q3 FY2024
Read the filingQuarterly report for Q2 FY2025
Revenue -11.6% · Operating margin +14.4 pts · Operating income $905.7K narrower — against Q2 FY2024
Read the filingQuarterly report for Q1 FY2025
Revenue -6.3% · Operating margin +6.4 pts · Operating income +1327.8% — against Q1 FY2024
Read the filingAnnual report for FY2025
Revenue +29.7% · Operating margin +19.7 pts · Gross profit +59.0% — against FY2024
Read the filingQuarterly report for Q1 FY2026
Revenue +154.6% · Operating margin +38.3 pts · Gross profit +306.7% — against Q1 FY2025
Read the filingPublished results · Made a Regulation FD disclosure
Read the filingAnnual report for FY2025
Revenue +29.7% · Operating margin +19.7 pts · Gross profit +59.0% — against FY2024
Read the filingSource: Exhibit 21 of the 10-K/A filed 2026-07-01. These are legal entities, not brands or acquisitions — a company that bought a business may hold it inside an entity named here, or inside one small enough that the rule does not require naming it at all.
Coverage from the last 30 days
FDCTech, Inc. Reports Record Fiscal Year 2025 Financial Results
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FDCTech Reports Strong Q3 2025 Results with Return to Profitability and Momentum Building into Q4 2025 with Strategic Acquisition
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FDCTech, Inc. Completes Acquisition of Alchemy International Ltd., a Licensed Securities Dealer in Seychelles
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Primary sources and further research