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

• Market Cap: $31.76M
• Dividend Yield: N/A
• Average Volume (3M): 15.20K
• Price to Earnings (P/E): 2.7
• Beta (1Y): 0.09
• 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: 0.50
• Enterprise Value/Revenue: 3.67
• Enterprise Value/Gross Profit: -1.81
• Enterprise Value/Ebitda: 0.83
• 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: 55 Neutral
• Price Target: $3.50 ▼(-0.57% Downside)
• Action: Reiterated Date: 02/03/26
• Date: Action: Reiterated 02/03/26

Overall score reflects pressured operating/cash-flow quality despite a strong, low-leverage balance sheet. Technicals also point to a weak downtrend. Offsetting these, the stock appears inexpensive on P/E, and earnings-call commentary outlines an ambitious scaling plan, though execution risks (burn and delays) remain meaningful.

Positive Factors

Low leverage / strong balance sheet

Very low debt and a sizable equity base provide durable financial flexibility to fund deal activity, absorb operating shortfalls, and postpone dilutive financing. This reduces refinancing risk and supports the firm’s ability to execute multi-year launch plans even if cashflow remains weak.

Proven IPO track record and pipeline

A long track record of successful public launches and a late-stage pipeline (4–5 companies) underpin a repeatable fee and equity-value generation model. Persistent origination capability supports sustainable advisory and underwriting revenues as the firm scales launches to 3–5 per year.

Strengthened governance and microcap expertise

Adding a seasoned, independent audit committee member with microcap investing and financial expertise should improve oversight, deal sourcing and financial controls. Better governance can reduce execution risk, enhance credibility with issuers/investors, and support fundraising efforts.

Negative Factors

Weak cash generation

Persistent negative operating and free cash flow means reported earnings are not converting to cash, pressuring liquidity for ongoing launches. Over months this forces reliance on external financing or asset sales, raising execution risk and threatening sustainable funding of growth initiatives.

Unprofitable core operations

Negative gross profit and operating losses indicate core deal economics and cost structure don't scale yet. With net income driven by non-operating items, underlying margin sustainability is weak, making future profitability conditional on material operational improvements or structural business changes.

High operating burn and project delays

Meaningful operating expense burn and delayed monetization of key assets extend the timeline to generate fee and equity returns. Over several months this increases funding needs, heightens execution risk for the scaling plan, and could dilute returns if additional capital is required.

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

Mixed fundamentals: strong, low-leverage balance sheet and positive net income, but core operations look weak with persistently negative gross profit, negative EBIT, and negative operating/free cash flow that worsened versus 2024.

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	Mar 2025	Mar 2024	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	19.13M	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: Negative
• RSI: Neutral
• STOCH: Neutral

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 3.14, above the 50-day MA of 3.31, and below the 200-day MA of 3.71, indicating a bearish trend. The MACD of -0.07 indicates Negative momentum. The RSI at 46.37 is Neutral, neither overbought nor oversold. The STOCH value of 31.39 is Neutral, 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	$76.81M	10.44	8.43%	―	8.47%	-32.22%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
COHN	63 Neutral	$29.50M	6.09	9.56%	6.45%	214.07%	-40.88%
DOMH	61 Neutral	$49.15M	0.55	-29.28%	―	―	―
MDBH	55 Neutral	$31.76M	2.72	25.75%	―	121.21%	―

MDB Capital Holdings, LLC Class A Corporate Events

MDB Capital Holdings appoints new independent audit director

On February 1, 2026, MDB Capital Holdings, LLC appointed 73-year-old investment veteran Jeb Terry Sr. as an independent director and member of its audit committee, with his initial term running until the company’s next annual meeting of stockholders. Terry, who has over two decades of experience investing in microcap medical and biotechnology companies and a background spanning venture capital, private equity, banking, and hedge fund management, was selected for his extensive work as a registered investment adviser and his ability to source small-cap opportunities, and has been deemed both an independent director under Nasdaq standards and a financial expert. As part of his compensation, he will receive a $50,000 annual cash payment and options for up to 100,000 Class A shares that vest over time, subject to continued service and the company’s clawback policy. Also effective February 1, 2026, long-serving director Susanne Meline resigned from the board to pursue retirement, a change that marks both a generational transition in board composition and a bolstering of financial and microcap investment expertise at the board and audit committee level for MDB Capital’s stakeholders.

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.

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.