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Marblegate Capital (MGTE) Q4 2024 earnings results (fourth quarter 2024)

10-K filed Apr 7, 2025

Marblegate Capital (MGTE) reported revenue of $5.0M for the fourth quarter 2024 (Q4 2024) and -8% from the quarter before. Operating margin was 21.8%, net loss $4.2M (83.0% of revenue).

Revenue$5.0M
Year over year—
Quarter over quarter-8%
Operating margin21.8%
Net earnings−$4.2M

Marblegate Capital, Q4 2024: revenue $5.0M, operating margin 21.8%, net loss $4.2M, operating cash flow $400K. The chart follows the revenue to costs, profit and cash.

Q4 2024AmountQ/QY/Y
Revenue$5.0M-8%—
Operating profit$1.1M——
Net earnings−$4.2M——
Operating cash flow$400K-89%—

What changed

Revenue was $5.0M in Q4 2024, down 8% from the previous quarter.

Operating profit was $1.1M, a 21.8% margin. The quarter ended with a net loss of $4.2M, after a profit of $9.0M the previous quarter. Net interest and other expense of $5.2M was the main reason.

Operating cash flow was $400K. Non-cash charges added back $496K of depreciation. Working capital and other items added $4.1M. Capital expenditures of −$335K left free cash flow of $735K.

Questions

What was Marblegate Capital's revenue in the fourth quarter 2024?

Marblegate Capital (MGTE) reported revenue of $5.0M for the fourth quarter 2024 (Q4 2024) and -8% from the quarter before.

Was Marblegate Capital profitable in the fourth quarter 2024?

Operating profit was $1.1M (21.8% of revenue) and net loss $4.2M.

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Source: Marblegate Capital 10-K on SEC EDGAR.