MDB Capital Holdings, LLC Class A (MDBH) AI Stock Analysis

• Market Cap: $32.34M
• Dividend Yield: N/A
• Average Volume (3M): 15.20K
• Price to Earnings (P/E): 2.8
• Beta (1Y): 0.03
• Revenue Growth: 121.21%
• EPS Growth: N/A
• Country: US
• Employees: 16
• Sector: Financial
• Sector Strength: 70
• Industry: Financial - Capital Markets
• EPS (TTM): -0.46
• Shares Outstanding: 5,138,632
• 10 Day Avg. Volume: 19,179
• 30 Day Avg. Volume: 15,201
• PEG Ratio: >-0.01
• Price to Book (P/B): 0.40
• Price to Sales (P/S): 12.55
• P/FCF Ratio: -3.28
• Enterprise Value/Market Cap: 0.51
• Enterprise Value/Revenue: 3.80
• Enterprise Value/Gross Profit: -1.88
• Enterprise Value/Ebitda: 0.69
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 58 Neutral
• Price Target: $3.50 ▼(-0.57% Downside)

MDBH scores in the upper-middle range primarily due to balance-sheet strength and a low P/E, but the overall rating is held back by weak cash generation, persistently negative gross profit and operating losses, and earnings-call risks tied to operating expense pressures and execution delays. Technically, the stock shows modest improving momentum but remains below its longer-term (200-day) trend.

Positive Factors

Balance-sheet strength

Very low leverage and a sizable equity base provide durable financial flexibility, allowing the firm to fund operations, seed portfolio companies, and absorb volatility without immediate refinancing. Improved ROE signals healthier capital returns, supporting resilience over the next several quarters.

Proven IPO track record

A long, successful track record of launching public companies creates a structural competitive advantage: repeatable processes, credibility with issuers and investors, and a network that supports deal flow and syndication. This institutional know-how underpins sustainable advisory and underwriting revenue.

Established pipeline and scaling plan

A multi-company late-stage pipeline and an explicit target to increase annual launches from ~1.5 to 3–5 creates a structural growth vector. If executed, higher deal throughput can generate recurring fee income, spread fixed costs, and improve operating leverage across the public-venture platform over 2–6 months.

Negative Factors

Weak cash generation

Persistent negative operating and free cash flow despite reported net income indicates earnings are not converting to cash. This structural cash-conversion weakness raises funding risk for operations and portfolio support, likely requiring ongoing financings or asset monetization to sustain growth initiatives.

Negative gross profit and operating losses

Deep negative gross margins and negative EBIT show core operations are unprofitable and scale is not yet achieved. Reliance on non-operating items to produce net income undermines earnings quality and suggests margins may not sustainably support operating expansion without structural cost reductions or higher recurring fee revenue.

Expense burden and execution delays

High operating spend relative to realized financing proceeds, plus noted delays in monetizing key assets, creates a persistent funding gap. Over multiple quarters this increases reliance on external financing, elevates dilution or leverage risk, and magnifies execution risk tied to timely launches and asset commercialization.

MDB Capital Holdings, LLC Class A Business Overview & Revenue Model

Company Description

MDB Capital Holdings, LLC, through its subsidiaries, primarily operates as a broker-dealer. The company operates through two segments, Broker Dealer & Intellectual Property Service, and Technology Development. The Broker Dealer & Intellectual Property Service segment operates as a full-service broker dealer that focuses on conducting private and public securities offerings, as well as providing research services for investment banking due diligence. The Technology Development segment engages in the synthetic biology technology development business. The company was founded in 1997 and is based in Addison, Texas.

How the Company Makes Money

MDB Capital Holdings generates revenue through several key streams. Primarily, it earns fees from its investment management services, which include asset management fees based on the performance of the funds it manages. Additionally, the company may receive success fees or commissions from advisory services provided to startups and established firms within its focus sectors. MDBH also potentially benefits from equity stakes in the companies it advises or invests in, allowing it to profit from successful exits or public offerings. Partnerships with technology firms and biotech companies further enhance its revenue potential by creating opportunities for co-investment and joint ventures.

MDB Capital Holdings, LLC Class A Financial Statement Overview

Summary

Strong balance sheet with very low leverage and improved ROE supports resilience, but fundamentals are mixed: gross profit remains deeply negative, operating losses persist (negative EBIT), and operating/free cash flow are negative despite positive net income—raising sustainability and cash-conversion concerns.

Income Statement

Revenue accelerated sharply in TTM (Trailing-Twelve-Months) (up ~41%), but profitability quality is mixed. Gross profit remains deeply negative in both TTM and 2024, pointing to a cost structure that is not scaling well. Net income is positive in TTM and 2024 after losses in 2021–2023, but large operating losses (negative EBIT) suggest the bottom-line profitability is being driven by non-operating items rather than core operations, which reduces confidence in earnings sustainability.

Balance Sheet

The balance sheet is a clear strength: leverage is very low (debt-to-equity near zero in TTM and ~1% in 2024) with a sizable equity base relative to total assets. Return on equity is solidly positive in TTM and 2024 after being negative in 2021–2023, indicating improved shareholder returns. Key watch-out: equity declined from 2024 to TTM, so the direction of capital/base stability bears monitoring even with low debt.

Cash Flow

Cash generation is weak and volatile. Operating cash flow and free cash flow are negative in TTM and 2024 (and were also negative through most of 2021–2023), despite positive net income—suggesting earnings are not translating into cash. Free cash flow also deteriorated in TTM versus 2024, which raises funding and sustainability questions unless operating cash flow improves meaningfully.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	4.31M	2.22M	4.23M	1.12M	0.00	0.00
Gross Profit	-8.72M	-17.84M	-4.39M	-1.71M	-1.97M	-1.78M
EBITDA	23.79M	12.33M	-9.76M	-5.97M	-5.67M	-4.21M
Net Income	11.43M	11.69M	-6.97M	-5.31M	-15.10M	-722.18K
Balance Sheet
Total Assets	61.51M	71.98M	42.99M	25.70M	8.25M	27.94M
Cash, Cash Equivalents and Short-Term Investments	15.93M	20.44M	6.11M	4.95M	6.23M	12.48M
Total Debt	635.42K	711.50K	2.42M	1.42M	720.63K	251.34K
Total Liabilities	1.88M	1.90M	5.67M	2.59M	1.49M	3.33M
Stockholders Equity	59.74M	70.16M	37.31M	22.64M	6.24M	24.67M
Cash Flow
Free Cash Flow	-4.13M	-8.49M	-7.60M	-6.77M	-6.26M	9.44M
Operating Cash Flow	-4.75M	-9.04M	-7.16M	-6.57M	-5.83M	9.50M
Investing Cash Flow	1.83M	22.89M	-8.20M	-16.38M	-423.39K	-62.13K
Financing Cash Flow	587.37K	69.30K	17.76M	21.68M	0.00	250.96K

MDB Capital Holdings, LLC Class A Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 3.52
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MDBH, the sentiment is Negative. The current price of 3.52 is above the 20-day moving average (MA) of 3.47, above the 50-day MA of 3.42, and below the 200-day MA of 3.84, indicating a bearish trend. The MACD of -0.04 indicates Positive momentum. The RSI at 40.79 is Neutral, neither overbought nor oversold. The STOCH value of 16.15 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for MDBH.

MDB Capital Holdings, LLC Class A Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SIEB	72 Outperform	$120.07M	16.32	8.43%	―	8.47%	-32.22%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
COHN	63 Neutral	$38.05M	7.86	9.56%	6.45%	214.07%	-40.88%
DOMH	61 Neutral	$63.43M	0.71	-29.28%	―	―	―
MDBH	58 Neutral	$32.34M	2.77	25.75%	―	121.21%	―

MDB Capital Holdings, LLC Class A Corporate Events

MDB Capital Holds Successful Annual Stockholders Meeting

On December 2, 2025, MDB Capital Holdings, LLC held its Annual Meeting of Stockholders, where shareholders elected seven directors to serve until the 2026 meeting and ratified RBSM LLP as the independent accounting firm for the fiscal year ending December 31, 2025. The meeting saw a significant turnout, with 84.90% of eligible votes represented, and all proposals passed without broker non-votes, indicating strong shareholder support for the company’s governance and financial oversight decisions.

The most recent analyst rating on (MDBH) stock is a Hold with a $3.50 price target. To see the full list of analyst forecasts on MDB Capital Holdings, LLC Class A stock, see the MDBH Stock Forecast page.