MMTec, Inc.
Key statistics
from XBRL data in SEC filingsAI briefing
from the latest 10-K, 10-Q and 8-K eventsMMTEC, Inc. is a BVI-incorporated financial services and technology holding company traded on Nasdaq under MTC, with operations in Hong Kong, the PRC, and the U.S.
What they do
MMTEC operates through subsidiaries including MM Future Technology in Hong Kong, MM Global Securities in Illinois, HC Securities (HK), and PRC-incorporated Gujia (Beijing) Technology. The company's SIC classification is Security Brokers, Dealers & Flotation Companies, and it has historically maintained fund services, capital management, and securities entities across offshore jurisdictions. Several prior subsidiaries were dissolved or disposed of in 2023 and 2025, including MM Fund, MM SPC, MMBD Advisory, Fundex SPC, Alpha Mind, and Haichuan Zhixin.
Revenue drivers
- Brokerage and securities activities — MM Global Securities (Illinois) and HC Securities (HK) are the licensed securities entities through which the company conducts brokerage-related business, though the filings provided do not break out segment-level revenue.
- Fund and capital management services — MM Capital (Cayman) is the remaining capital management entity after the 2023 disposal of MM SPC, Fundex SPC, and MMBD Advisory; no separate revenue figure is disclosed in the excerpts provided.
- PRC technology operations — Gujia (Beijing) Technology is a PRC-incorporated entity retained after the December 2025 dissolution of Haichuan Zhixin; no segment revenue is disclosed in the excerpts provided.
Recent performance
Annual revenue fell to $807,500 in 2025 from $1.9M in 2024, following $869,935 in 2023 and $1.1M in 2022. Net income was negative $56.1M in 2025, compared with negative $91.2M in 2024 and positive $45.5M in 2023. Operating cash flow was negative $3.7M in 2025 versus positive $722,853 in 2024 and negative $5.2M in 2023. Diluted EPS figures are only available through 2022, when it was negative $1.61. As of June 30, 2026, the latest balance sheet shows total assets of $16.6M, total liabilities of $3.7M, shareholder equity of $13.0M, and cash and equivalents of $6.5M.
Strategy
The company has been streamlining its legal entity structure, dissolving MM Fund effective June 30, 2025 and Haichuan Zhixin effective December 26, 2025, after earlier 2023 disposals of MM SPC, MMBD Advisory, Fundex SPC, and Alpha Mind. Retained entities include MM Future Technology, MM Capital, MMBD Trading, MM Global Securities, HC Securities, HAI TEC INC., HAI Capital Management, and Gujia (Beijing) Technology. The filing excerpts provided do not include an explicit forward strategy statement from management.
Risks
- Persistent losses — The company reported net losses of $91.2M in 2024 and $56.1M in 2025, with revenue declining to $807,500 in 2025 from $1.9M in 2024.
- Revenue volatility — Annual revenue has swung between $568,620 (2021) and $1.9M (2024) before dropping back to $807,500 in 2025, indicating limited and unstable business scale.
- Negative operating cash flow — Operating cash flow was negative in four of the five years from 2021 to 2025, including negative $3.7M in 2025.
- Complex multi-jurisdiction structure — The group spans the BVI, Hong Kong, the Cayman Islands, the PRC, and the United States, and has dissolved or disposed of multiple subsidiaries, adding operational and compliance complexity.
Outlook
The filing excerpts provided do not include a management outlook or forward guidance statement. The most recent balance sheet, dated June 30, 2026, shows $6.5M in cash and $13.0M in shareholder equity.