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MWYN

Marwynn Holdings, Inc. Common stock

MWYN

Marwynn Holdings, Inc. Common stock • NASDAQ
$0.86 ▲ 7.59% (+0.06)
Market Cap $14.17 M
52w High $11.20
52w Low $0.71
Dividend Yield 0%
P/E -2.15
Volume 12.76K
Outstanding Shares 16.46M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q1-2026 $2.344M ▼ $3.709M ▼ $-2.72M ▲ -116.032% ▲ $-0.16 ▲ $-2.358M ▲
Q4-2025 $2.907M ▲ $5.03M ▲ $-3.979M ▼ -136.886% ▼ $-0.26 ▼ $-3.739M ▼
Q3-2025 $2.705M ▲ $1.116M ▼ $23.418K ▲ 0.866% ▲ $0.001 ▲ $352.973K ▲
Q2-2025 $2.651M ▼ $1.295M ▼ $-114.369K ▲ -4.314% ▲ $-0.007 ▲ $311.484K ▲
Q1-2025 $2.843M $1.628M $-328.531K -11.557% $-0.019 $111.904K

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q1-2026 $213.971K ▼ $11.597M ▼ $9.316M ▼ $2.281M ▼
Q4-2025 $1.262M ▲ $14.937M ▲ $9.965M ▼ $4.972M ▲
Q3-2025 $231.834K ▲ $12.607M ▲ $10.205M ▲ $2.402M ▲
Q2-2025 $60.548K ▼ $11.831M ▼ $9.452M ▼ $2.379M ▼
Q1-2025 $301.702K $12.231M $9.738M $2.493M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q1-2026 $-2.72M ▲ $-95.149K ▲ $-690K ▼ $-262.754K ▼ $-1.048M ▼ $-95.149K ▲
Q4-2025 $-3.979M ▼ $-4.992M ▼ $-13.08K ▲ $6.035M ▲ $1.03M ▲ $-5.005M ▼
Q3-2025 $23.418K ▲ $401.829K ▲ $-55.024K ▼ $-175.519K ▲ $171.286K ▲ $346.805K ▲
Q2-2025 $-114.369K ▲ $304.068K ▲ $3.252K ▲ $-548.474K ▼ $-241.154K ▲ $307.32K ▲
Q1-2025 $-328.531K $-986.609K $-5K $-71.469K $-1.063M $-991.609K

Five-Year Company Overview

Income Statement

Income Statement Marwynn’s income statement still looks like that of a very small, early-stage public company. Reported revenue is tiny and has not yet shown clear, consistent growth. Profitability metrics hover around break-even, with earnings per share flipping from slightly positive to negative most recently, suggesting that costs, listing expenses, or growth investments are outweighing the modest revenue base. In simple terms, the business is not yet scaled, and results can swing around easily because every dollar of cost or revenue has an outsized effect on the bottom line.

Balance Sheet

Balance Sheet The balance sheet is extremely light, consistent with an asset‑light model but also indicating a thin financial cushion. Total assets are small, cash on hand appears limited, and reported equity is minimal, which implies there is not a large buffer to absorb setbacks. Debt has appeared at times but is not heavy, so leverage risk looks modest for now. Overall, the company seems lean but also financially fragile, and its capacity to fund growth or weather a downturn from internal resources alone may be constrained.

Cash Flow

Cash Flow Cash flow from operations has recently turned modestly negative, which is common for a company still building scale but underscores reliance on outside capital or credit to fund activities. Free cash flow is slightly negative as well, but this is not driven by big capital spending; instead, it reflects operating cash burn rather than heavy investment in physical assets. This lines up with the asset‑light strategy: Marwynn is spending more on running and developing the business than it is generating back in cash so far.

Competitive Edge

Competitive Edge Marwynn’s competitive position rests on niche expertise rather than sheer size. In food and beverage distribution, its strength is a specialized sourcing and logistics network that connects Asian manufacturers to large U.S. retailers, a web of relationships that can be hard for new entrants to copy quickly. In cabinetry, it competes on “affordable luxury” – offering modern designs, quality materials, and user‑friendly installation features that appeal to homeowners and contractors looking for value rather than top‑end custom work. The asset‑light model and added consulting services further differentiate it, but the company is still small and likely faces strong competition from much larger distributors and home‑improvement brands, making execution and relationship management critical.

Innovation and R&D

Innovation and R&D Innovation at Marwynn is more about business model and product design than about laboratory-style R&D. FuAn focuses on curating and moving unique Asian food and beverage brands efficiently through complex international supply chains, potentially using data and logistics know‑how as its edge. Grand Forest Cabinetry innovates through cabinet construction features, modern frameless designs, soft‑close hardware, and customer‑friendly offerings like 3D design services. The planned move into e‑waste reverse logistics is another type of innovation: applying existing supply chain skills to a new, sustainability‑focused market. Formal R&D spending is not a headline feature; instead, the company appears to innovate pragmatically by refining processes, products, and service offerings in its chosen niches.

Summary

Marwynn is a newly public, very small-scale holding company with a mix of businesses: Asian food and beverage distribution, cabinetry, and a planned expansion into e‑waste logistics. Financially, it operates on a very lean base, with modest revenue, near break-even profitability, thin equity, and slight operating cash burn, which is typical of a business still trying to gain scale but leaves limited room for missteps. Strategically, its strengths are its specialized cross‑border sourcing network, differentiated cabinet products, and an asset‑light, service‑oriented approach that it now wants to apply to the growing e‑waste market. The main questions going forward are whether it can grow revenue meaningfully in each segment, convert that growth into stable margins and cash generation, and manage the risks of being both small and diversified across very different end markets while maintaining the advantages of its niche expertise.

NEWS

November 24, 2025 · 8:00 AM UTC

Marwynn Announces Expansion of E-Waste Reverse Supply Chain Business

Read more

September 26, 2025 · 10:44 AM UTC

American Trust Investment Services Strengthens Executive Leadership Amid Accelerated Investment Banking Growth and Global Expansion

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