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PLUT

Plutus Financial Group Limited

PLUT

Plutus Financial Group Limited • NASDAQ
$3.31 ▼ -4.61% (-0.16)
Market Cap $50.81 M
52w High $4.22
52w Low $2.04
Dividend Yield 0%
P/E -66.2
Volume 1.22K
Outstanding Shares 15.35M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q1-2025 $1.953M ▼ $9.306M ▲ $-6.365M ▼ -325.896% ▼ $-0.48 ▼ $0
Q4-2024 $3.433M $4.673M $-867.5K -25.269% $-0.072 $0
Q3-2024 $3.433M ▲ $4.673M ▲ $-867.5K ▲ -25.269% ▲ $-0.072 ▲ $0
Q2-2024 $2.143M $4.519M $-1.894M -88.401% $-0.16 $0
Q1-2024 $2.143M $4.519M $-1.894M -88.401% $-0.16 $0

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q1-2025 $0 ▼ $118.343M ▲ $16.231M ▼ $102.111M ▲
Q4-2024 $30.618M ▲ $71.729M $16.51M $55.219M
Q3-2024 $0 ▼ $71.729M ▼ $16.51M ▼ $55.219M ▼
Q2-2024 $16.872M ▲ $91.655M $34.701M $56.954M
Q1-2024 $0 $91.655M $34.701M $56.954M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q1-2025 $-6.365M ▼ $0 ▲ $0 $0 ▲ $0 $0 ▲
Q4-2024 $-867.5K $-1.645M $0 $-253K $0 $-1.645M
Q3-2024 $-867.5K ▲ $-1.645M ▲ $0 ▲ $-253K ▼ $0 $-1.645M ▲
Q2-2024 $-1.894M $-2.399M $-650K $-26K $0 $-3.049M
Q1-2024 $-1.894M $-2.399M $-650K $-26K $0 $-3.049M

Five-Year Company Overview

Income Statement

Income Statement Plutus is still a very small-scale business with a thin revenue base and limited operating activity. Revenue has been modest for several years and has not shown a clear, consistent growth path, with a noticeable step up earlier in the period followed by weakening more recently. Profitability has swung sharply: there was a brief period of meaningful profit, but the last couple of years show small but persistent operating and net losses. This pattern is typical of a company in transition or one preparing for a business combination rather than running a fully developed operating model. Overall, the historical income statement looks fragile, with low revenue quality and earnings heavily influenced by one-off shifts rather than stable, recurring performance.

Balance Sheet

Balance Sheet The balance sheet is light, reflecting a small, lean entity. Total assets are limited, and the cash position, while modest, has at least improved compared with the previous year. Importantly, there is no financial debt, so leverage risk is low, and the company relies mainly on shareholders’ equity. Equity levels are modest but positive, meaning the company is not overburdened by obligations relative to its size. In simple terms, the balance sheet looks clean but very small, offering limited buffer if the new combined business burns cash or needs to scale quickly without external funding.

Cash Flow

Cash Flow Cash flows have been inconsistent, flipping between small inflows and outflows over the years. Operating cash flow has not yet settled into a steady, reliable pattern and has recently turned negative again, signaling that the business in its current form consumes rather than generates cash. Free cash flow closely tracks operating cash flow because capital spending has been minimal, so there has been no heavy investment in fixed assets. Overall, the historical cash profile is that of a lightweight platform with limited ongoing operations, which makes future cash performance highly dependent on the success of the Choco Up merger and the new business model rather than on past trends.

Competitive Edge

Competitive Edge On its own, Plutus has been a small, traditional player in a crowded financial services market, with no obvious scale advantages or distinctive niche. The competitive story changes significantly with the Choco Up merger. The combined group aims to blend regulated, traditional capital markets capabilities with a technology-led, revenue-based financing platform aimed at digital and e-commerce businesses. This hybrid positioning could create a differentiated spot between banks, venture capital, and pure-play fintech lenders. However, this space is becoming more competitive, with many fintechs targeting online merchants and startups. The competitive strength will depend on how well the company scales its data-driven underwriting, maintains funding access, and turns its network of clients and partners into repeatable, defensible business.

Innovation and R&D

Innovation and R&D The real innovation engine here is Choco Up. Its platform uses data integration, artificial intelligence, and machine learning to evaluate and fund growing companies based on their actual revenue performance. This enables faster decisions, more flexible repayment structures, and an alternative to traditional loans or equity financing. The planned merger effectively grafts this fintech capability onto Plutus’s regulated financial shell. The company is not capital-intensive in physical assets, so its “R&D” is essentially ongoing product, data, and software development. Future innovation will likely focus on expanding into new online ecosystems, refining risk models, and launching new data-driven financial products that sit between lending, investing, and revenue sharing. Execution risk is high: the value of this innovation depends on the quality of the algorithms, data access, and the ability to manage credit risk through cycles.

Summary

Plutus’s historical financials tell the story of a small, low-activity financial company with fragile revenue, uneven profitability, and limited but clean balance sheet resources. By itself, it does not show the profile of a mature, cash-generative business. The upcoming merger with Choco Up is the real pivot: it transforms the narrative from a conventional broker-like entity into a fintech platform focused on revenue-based financing in the digital economy. This brings clear upside potential in terms of innovation, growth, and differentiation, but also increases uncertainty and execution risk. The future performance of the combined company will hinge far more on Choco Up’s ability to scale its technology, manage credit and funding risks, and integrate with Plutus’s listed structure than on the legacy financial track record shown in these statements.