BlockMint Technologies (BKMT) AI Stock Analysis

• Market Cap: C$2.17M
• Dividend Yield: N/A
• Average Volume (3M): 34.63K
• Price to Earnings (P/E): 28.1
• Beta (1Y): 1.92
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: CA
• Employees: 90
• Sector: Financial
• Sector Strength: 70
• Industry: Financial - Capital Markets
• EPS (TTM): >-0.01
• Shares Outstanding: 48,242,603
• 10 Day Avg. Volume: 60,760
• 30 Day Avg. Volume: 34,627
• PEG Ratio: -0.12
• Price to Book (P/B): 2.37
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -20.28
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 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: 51 Neutral
• Price Target: C$0.05 ▼(-10.00% Downside)

The score is held back primarily by weak financial performance (no revenue, ongoing losses, and persistent cash burn with a 2024 step-back). Technicals are moderately supportive due to positive momentum and price above key moving averages, but overbought signals raise near-term risk. Valuation provides limited support given the higher P/E and no dividend yield.

Positive Factors

Low leverage / near-zero debt

Virtually zero debt across most years materially reduces financial risk and interest burden. This durable capital structure gives management flexibility to allocate scarce funds to operations or product development, and improves ability to raise incremental financing under stress.

Stable equity base

A relatively stable equity base offers a lasting buffer to absorb losses and fund ongoing activities. It supports creditor confidence and lengthens runway versus firms with eroding equity, enabling continued investment in R&D or commercialization while seeking revenue traction.

Demonstrated ability to cut cash burn

Historic improvement in cash burn versus 2021 shows management can implement cost controls or efficiency measures. That capability is a durable operational strength for extending runway and prioritizing spend, provided the company sustains discipline while pursuing revenue.

Negative Factors

No reported revenue

Five consecutive years without revenue is a structural red flag: the company lacks demonstrated product-market fit and cannot self-generate operating cash. Over the medium term this forces dependence on external financing, impeding sustainable growth and unit-economics validation.

Persistent negative cash flow

Consistent negative operating and free cash flow indicate the business model is not yet self-sustaining. This structural cash deficit requires continual external funding, limits strategic flexibility, and raises solvency risk if capital access tightens or financing costs rise.

Profitability instability

Earnings remain volatile with a reversal in 2024, showing the company has not established a durable path to profitability. Ongoing negative returns on equity and swinging results undermine margin sustainability and reduce confidence in consistent future cash generation.

BlockMint Technologies Business Overview & Revenue Model

Company Description

Blockmint Technologies Inc. develops distributed systems and networks that enables decentralized deployment of blockchain based applications. The company operates carbontokensmarket.com, a website to be a single source for price and market information on the expanding carbon tokens and aggregate news for carbon tokens; and Minter browser, which allows desktops and laptops owners to download a browser that allows to utilize the spare computing power to mine cryptocurrencies in exchange for users to earn carbon credits to offset their carbon footprint or fractional ownership in a non-fungible token (NFT). Blockmint Technologies Inc. is based in Vancouver, Canada.

How the Company Makes Money

BlockMint Technologies Financial Statement Overview

Summary

Income statement and cash flow are very weak: no revenue reported across 2020–2024, ongoing operating losses, and negative operating/free cash flow each year with a 2024 deterioration vs. 2023. The balance sheet helps offset this somewhat due to low leverage/near-zero debt and relatively stable equity, but returns remain negative.

Income Statement

The company reports no revenue across 2020–2024, while operating losses persist each year (EBIT and net income remain negative). Losses improved materially from the very large 2021 loss to smaller losses in 2023, but net income widened again in 2024 versus 2023, indicating profitability is not yet stabilizing. Gross profit also swings between small gains and losses, reinforcing the lack of an established, scalable revenue base.

Balance Sheet

Leverage appears low, with total debt at zero in most years (only modest debt in 2021), which reduces financial risk. Equity remains sizable and relatively stable (roughly $1.6M–$2.5M), supporting the balance sheet. However, returns on equity are consistently negative, reflecting ongoing losses and limited ability to generate shareholder value from the asset base.

Cash Flow

Operating cash flow and free cash flow are negative every year, signaling ongoing cash burn. Cash burn improved significantly from 2021 levels, but deteriorated again in 2024 versus 2023, and free cash flow growth is negative in 2024. Cash generation is not yet self-sustaining, increasing reliance on financing or existing balance sheet resources over time.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	-7.88K	-6.23K	-4.09K	2.87K	-19.55K	-17.96K
EBITDA	-203.64K	-179.81K	-7.75K	-8.88K	-1.11M	-392.63K
Net Income	34.77K	-157.23K	-53.41K	-843.82K	-1.13M	-425.83K
Balance Sheet
Total Assets	1.61M	1.67M	1.70M	1.75M	2.76M	2.61M
Cash, Cash Equivalents and Short-Term Investments	1.59M	1.65M	1.68M	1.73M	2.06M	2.60M
Total Debt	0.00	0.00	0.00	0.00	160.73K	0.00
Total Liabilities	37.98K	40.21K	46.00K	41.06K	211.28K	61.89K
Stockholders Equity	1.58M	1.62M	1.65M	1.71M	2.55M	2.54M
Cash Flow
Free Cash Flow	-178.36K	-190.08K	-157.12K	-289.68K	-1.34M	-363.21K
Operating Cash Flow	-178.36K	-190.08K	-157.12K	-289.68K	-800.09K	-363.21K
Investing Cash Flow	0.00	0.00	61.41K	1.50K	-537.65K	0.00
Financing Cash Flow	0.00	0.00	0.00	-86.00K	769.15K	0.00

BlockMint Technologies Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
HUT	67 Neutral	C$8.22B	30.48	18.75%	―	7.46%	-4.30%
BIGG	52 Neutral	C$22.76M	-1.63	-63.28%	―	36.80%	9.34%
DMGI	52 Neutral	C$53.58M	-5.02	-10.10%	―	39.64%	-70.96%
BKMT	51 Neutral	C$2.17M	28.13	6.64%	―	―	―
BITF	46 Neutral	C$1.79B	-9.56	-17.06%	―	51.69%	28.00%
BTCW	44 Neutral	C$34.91M	-1.87	―	―	72.86%	-2.13%