STARTENGINE CROWDFUNDING, INC.
Financials · Finance Services · DE · SEC filings ↗ · Compare ⊕
Financials
SEC XBRL · annual| FY25 | FY24 | FY23 | FY22 | FY21 | |
|---|---|---|---|---|---|
| Revenue | $109.6M | $48.6M | $23.4M | $24.4M | $29.1M |
| Operating income | $1.4M | −$16.1M | −$16.5M | −$9.5M | −$1.1M |
| Net income | $1.5M | −$16.5M | −$16.4M | −$9.3M | −$1.0M |
| Total assets | $71.4M | $52.5M | $53.6M | $30.9M | $35.2M |
| Total liabilities | $14.8M | $10.1M | $8.3M | $5.8M | $7.3M |
| Equity | $56.6M | $42.3M | $45.3M | $25.1M | $27.9M |
| EPS (diluted) | $0.00 | $-0.02 | $-0.02 | $-0.29 | $-0.03 |
| Shares out. | 704.8M | 34.9M | 33.5M | 33.3M | 32.9M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2025- Operating margin
- 1.3%
- Net margin
- 1.3%
- Return on equity
- 2.6%
- Return on assets
- 2.1%
- Return on capital (ROCE)
- 2.6%
- Liabilities / assets
- 20.7%
- Debt / equity
- 0.26×
- Book value / share
- $0.08
- Revenue growth (YoY)
- 125.4%
- Net income growth (YoY)
- —
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2025- Altman Z″ (distress)
- 2.88safe
- Accruals / assets
- −15.1%clean
- Beneish M-Score
- -2.65normal
- Piotroski F-Score
- 7/9strong
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.
Signs
● 1 severe● 6 good- Filed a late-filing notice (Form NT) — missed an SEC deadline
- Operating margin is positive
- Revenue is growing year-over-year
- Conservative leverage (liabilities < 50% of assets)
- Positive operating cash flow
- Clean earnings (low accruals)
- Altman Z″ in the safe zone
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Risk flags
late SEC filings- NT 10-Qmissed a reporting deadline ↗May 15, 2026
- NT 10-Kmissed a reporting deadline ↗Apr 1, 2024
A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.
5%+ owners
SEC Schedule 13D / 13G · last 3 yrs- Chernick AubreyPassive (13G)Feb 11, 2025
- Miller Ronald DavidPassive (13G)Feb 10, 2025
- Marks Howard EdwardPassive (13G)Feb 7, 2025
- Miller LeePassive (13G)Feb 7, 2025
Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.
Insider transactions
SEC Form 4 · most recent| Insider | Date | Type | Shares | Price |
|---|---|---|---|---|
| Chernick Aubrey10% owner | Apr 27, 2026 | Sell | 3,381 | $1.60 |
Headline trade per Form 4 (officers, directors, 10%+ owners). Buy/sell read from the filing's structured data — blank where a field isn't cleanly tagged.
Material events
SEC Form 8-K · most recent- Entered a material agreement · Completed an acquisition or disposition · Regulation FD disclosureMar 23, 2026
- Director / officer changeMay 6, 2025
- Director / officer changeJun 14, 2024
- Amended charter or bylawsMay 10, 2024
- Changed auditorJun 2, 2023
- Entered a material agreementOct 27, 2022
- Regulation FD disclosureAug 12, 2022
- Prior financials not reliable (restatement)Aug 9, 2022
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗- 10-QMay 20, 2026
- NT 10-QMay 15, 2026
- 4OWNERSHIP DOCUMENTApr 29, 2026
- 4OWNERSHIP DOCUMENTApr 29, 2026
- 4OWNERSHIP DOCUMENTApr 29, 2026
- 4OWNERSHIP DOCUMENTApr 29, 2026
- 4OWNERSHIP DOCUMENTApr 29, 2026
- 4OWNERSHIP DOCUMENTApr 29, 2026
- 4OWNERSHIP DOCUMENTApr 29, 2026
- 4OWNERSHIP DOCUMENTApr 29, 2026
- 4OWNERSHIP DOCUMENTApr 29, 2026
- 10-KMar 31, 2026
- 8-KFORM 8-KMar 23, 2026
- 4OWNERSHIP DOCUMENTMar 16, 2026
- 4OWNERSHIP DOCUMENTMar 16, 2026