Tearsheet

Mercurity Fintech (MFH)


Market Price (11/13/2025): $11.29 | Market Cap: $55.9 Bil
Sector: Information Technology | Industry: IT Consulting & Other Services

Mercurity Fintech (MFH)


Market Price (11/13/2025): $11.29
Market Cap: $55.9 Bil
Sector: Information Technology
Industry: IT Consulting & Other Services

Investment Highlights Why It Matters Which of these 2 stories sounds closer for this stock?

1. Generates cash flow

The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.

2. Riding a trend

Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow


0 Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -90%
  Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -12 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -1651%
1 Megatrend and thematic drivers
Megatrends include Fintech & Digital Payments, Crypto & Blockchain, and Digital & Alternative Assets. Themes include Digital Payments, Show more.
  Expensive valuation multiples
P/SPrice/Sales ratio is 75445x
2   Stock price has recently run up significantly
6M Rtn6 month market price return is 105%, 12M Rtn12 month market price return is 236%
3   Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -47%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -51%
4   Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -4.5%
5   High stock price volatility
Vol 12M is 206%
0 Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -90%
1 Megatrend and thematic drivers
Megatrends include Fintech & Digital Payments, Crypto & Blockchain, and Digital & Alternative Assets. Themes include Digital Payments, Show more.
2 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -12 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -1651%
3 Expensive valuation multiples
P/SPrice/Sales ratio is 75445x
4 Stock price has recently run up significantly
6M Rtn6 month market price return is 105%, 12M Rtn12 month market price return is 236%
5 Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -47%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -51%
6 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -4.5%
7 High stock price volatility
Vol 12M is 206%

Market Valuation & Key Metrics

MFH Stock


Why The Stock Moved


Qualitative Assessment

AI Generated Analysis | Feedback

Here are the key points explaining the 176% stock movement for Mercurity Fintech (MFH) from July 31, 2025, to November 13, 2025: 1. Uplisting and Inclusion in Major Indices

Mercurity Fintech significantly enhanced its market visibility and appeal to institutional investors by uplisting from the Nasdaq Capital Market to the Nasdaq Global Market on October 9, 2025. Additionally, the company was added to the S&P Global Broad Market Index (BMI) effective September 22, 2025, and subsequently to the MSCI Global Small Cap Indexes, effective November 24, 2025. These inclusions in major indices typically lead to increased investor interest and liquidity.

2. Share Repurchase Program

On July 22, 2025, Mercurity Fintech's board initiated a stock buyback plan authorizing the company to repurchase $10.00 million in shares, representing up to 7.1% of its stock. Such a program often signals management's belief that the stock is undervalued and can reduce the number of outstanding shares, potentially driving up the stock price.

Show more

Stock Movement Drivers

Return vs. Risk


Price Returns Compared

 202020212022202320242025Total [1]
Returns
MFH Return86%-7%0%-8%163%66%592%
Peers Return-1%2%-1%5%-16%-34%-41%
S&P 500 Return16%27%-19%24%23%16%112%

Monthly Win Rates [3]
MFH Win Rate67%25%0%25%42%60% 
Peers Win Rate7%13%7%16%15%40% 
S&P 500 Win Rate58%75%42%67%75%70% 

Max Drawdowns [4]
MFH Max Drawdown-36%-29%0%-70%-57%-71% 
Peers Max Drawdown-9%-1%-3%-0%-20%-48% 
S&P 500 Max Drawdown-31%-1%-25%-1%-2%-15% 


[1] Cumulative total returns since the beginning of 2020
[2] Peers: GIB, ARBB, GLE, GMM, LZMH.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 11/12/2025 (YTD)

How Low Can It Go

Unique KeyEventMFHS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-92.2%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven1187.9%34.1%
2022 Inflation ShockTime to BreakevenTime to Breakeven671 days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-52.1%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven109.0%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven63 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-98.8%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven8240.7%24.7%
2018 CorrectionTime to BreakevenTime to BreakevenNot Fully Recovered days120 days

Compare to GIB, ARBB, GLE, GMM, LZMH


In The Past

Mercurity Fintech's stock fell -92.2% during the 2022 Inflation Shock from a high on 2/17/2021. A -92.2% loss requires a 1187.9% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth over time.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Mercurity Fintech (MFH)

Better Bets than Mercurity Fintech (MFH)

Latest Trefis Analyses

Title
0ARTICLES

Trade Ideas

Select past ideas related to MFH. For more, see Trefis Trade Ideas.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
ZBRA_10312025_Dip_Buyer_FCFYield10312025ZBRAZebra TechnologiesDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
-5.2%-5.2%-5.2%
ACN_10312025_Dip_Buyer_ValueBuy10312025ACNAccentureDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
-3.0%-3.0%-3.5%
ADBE_10312025_Dip_Buyer_ValueBuy10312025ADBEAdobeDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
-2.1%-2.1%-3.9%
TXN_10312025_Monopoly_xInd_xCD_Getting_Cheaper10312025TXNTexas InstrumentsMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
-1.1%-1.1%-1.3%
MRVL_10242025_Monopoly_xInd_xCD_Getting_Cheaper10242025MRVLMarvell TechnologyMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
6.2%6.2%0.0%
Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
ZBRA_10312025_Dip_Buyer_FCFYield10312025ZBRAZebra TechnologiesDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
-5.2%-5.2%-5.2%
ACN_10312025_Dip_Buyer_ValueBuy10312025ACNAccentureDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
-3.0%-3.0%-3.5%
ADBE_10312025_Dip_Buyer_ValueBuy10312025ADBEAdobeDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
-2.1%-2.1%-3.9%
TXN_10312025_Monopoly_xInd_xCD_Getting_Cheaper10312025TXNTexas InstrumentsMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
-1.1%-1.1%-1.3%
MRVL_10242025_Monopoly_xInd_xCD_Getting_Cheaper10242025MRVLMarvell TechnologyMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
6.2%6.2%0.0%

Recent Active Movers

Recent Active Movers

More From Trefis

Peer Comparisons for Mercurity Fintech

Financials

MFHGIBARBBGLEGMMLZMHMedian
NameMercurit.CGI ARB IOT Global E.Global M.LZ Techn. 
Mkt Price11.3587.445.710.511.753.194.45
Mkt Cap56.219.2----37.7
Rev LTM115,913----7,957
Op Inc LTM-122,612----1,300
FCF LTM-1,964----1,964
FCF 3Y Avg-1,904----1,904
CFO LTM-2,234----2,234
CFO 3Y Avg-2,184----2,184

Growth & Margins

MFHGIBARBBGLEGMMLZMHMedian
NameMercurit.CGI ARB IOT Global E.Global M.LZ Techn. 
Rev Chg LTM-46.9%8.4%-----19.2%
Rev Chg 3Y Avg-51.0%7.4%-----21.8%
Rev Chg Q2,263.4%9.7%----1,136.5%
QoQ Delta Rev Chg LTM1,381.5%2.3%----691.9%
Op Mgn LTM-1,650.6%16.4%-----817.1%
Op Mgn 3Y Avg-16.4%----16.4%
QoQ Delta Op Mgn LTM15,837.3%0.1%----7,918.7%
CFO/Rev LTM-14.0%----14.0%
CFO/Rev 3Y Avg-14.6%----14.6%
FCF/Rev LTM-12.3%----12.3%
FCF/Rev 3Y Avg-12.7%----12.7%

Valuation

MFHGIBARBBGLEGMMLZMHMedian
NameMercurit.CGI ARB IOT Global E.Global M.LZ Techn. 
Mkt Cap56.219.2----37.7
P/S75,444.81.2----37,723.0
P/EBIT-4,570.88.1-----2,281.3
P/E-2,595.011.6-----1,291.7
P/CFO-8.6----8.6
Total Yield-0.0%8.6%----4.3%
Dividend Yield0.0%0.0%----0.0%
FCF Yield 3Y Avg-8.5%----8.5%
D/E0.00.2----0.1
Net D/E-0.00.2----0.1

Returns

MFHGIBARBBGLEGMMLZMHMedian
NameMercurit.CGI ARB IOT Global E.Global M.LZ Techn. 
1M Rtn-37.5%-2.3%-18.4%-23.6%-11.2%0.6%-14.8%
3M Rtn186.6%-8.6%28.0%-30.4%-24.2%-9.6%-9.1%
6M Rtn104.9%-18.0%-38.6%-72.3%-39.4%-73.8%-39.0%
12M Rtn235.8%-21.7%-51.2%-87.0%-61.2%--51.2%
3Y Rtn299.6%2.7%----151.2%
1M Excs Rtn-46.8%-6.1%-21.1%-26.9%-14.7%-2.5%-17.9%
3M Excs Rtn175.0%-12.7%16.4%-22.2%-28.5%-15.0%-13.9%
6M Excs Rtn88.6%-34.2%-54.9%-88.6%-55.7%-90.1%-55.3%
12M Excs Rtn765.6%-35.3%-68.0%-103.2%-84.9%--68.0%
3Y Excs Rtn219.7%-70.5%----74.6%

Financials

Segment Financials

Revenue by Segment

$ Mil20242023202220212020
Distributed storage and computing services0110 
Business consultation services0000 
Other services00   
Technical services  01 
Single segment    2
Total01112


Price Behavior

Short Interest

Short Interest: As Of Date10312025
Short Interest: Shares Quantity2,087,595
Short Interest: % Change Since 10152025-11.7%
Average Daily Volume256,541
Days-to-Cover Short Interest8.14
Basic Shares Quantity4,953,240,823
Short % of Basic Shares0.0%

SEC Filings

Expand for More

Report DateFiling DateFiling
12312024430202520-F 12/31/2024
6302024120520246-K 6/30/2024
12312023423202420-F 12/31/2023
6302023122820236-K 6/30/2023
12312022425202320-F 12/31/2022
6302022122920226-K 6/30/2022
12312021615202220-F 12/31/2021
930202110520226-K 9/30/2021
6302021123020216-K 6/30/2021
331202160420216-K 3/31/2021
12312020428202120-F 12/31/2020
9302020112720206-K 9/30/2020
630202090320206-K 6/30/2020
12312019612202020-F 12/31/2019
9302019112020196-K 9/30/2019
630201980220196-K 6/30/2019

Insider Activity

Expand for More