Filing Flows › Marblegate Capital (MGTE) › Q4 2024
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).
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 2024 | Amount | Q/Q | Y/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.
Source: Marblegate Capital 10-K on SEC EDGAR.