The transformative AIL acquisition and organic Condor platform growth have fundamentally changed FDCTech's financial profile. Monitor the upcoming 10-K for segment-level detail and any forward guidance on uplisting timing. The stock's OTC listing may limit initial price discovery, but the fundamental turnaround warrants attention.
Price Chart
Executive Summary
FDCTech reported record FY2025 results with revenue surging 29.8% to $35.0M, swinging from a near-breakeven net loss to $5.8M net income, driven by the accretive Alchemy International acquisition and 210.5% growth in Technology & Software revenues. The company eliminated its accumulated deficit, expanded gross margins to 54.8%, and highlighted an advancing uplisting to a national exchange.
Key Financial Metrics
Key Facts
- Total revenues of $34,959,399, up 29.8% from $26,943,718 in FY2024 (restated)
- Net income attributable to shareholders of $5,783,223 vs. net loss of $18,781 in FY2024 (restated)
- Operating income of $6,053,209 (17.3% margin) vs. operating loss of $901,763 in prior year
- Gross margin expanded ~1,010 bps to 54.8% from 44.7%
- Technology & Software revenues surged 210.5% to $5,099,187, now 14.6% of total revenue
- Cash and cash equivalents of $17.7M plus $15.3M held at liquidity providers
- Working capital improved to $14,883,171 from $853,533
- Accumulated deficit fully eliminated; accumulated surplus of $3,120,795
- Acquisition of Alchemy International Ltd. (AIL) completed Oct 29, 2025, contributed ~$6.3M net income in stub period
- EPS of $0.01 per basic and diluted share
Financial Impact
Revenue grew $8.0M YoY; net income swung $5.8M positive; operating income improved ~$7.0M
Risk Factors
- AIL contributed ~$6.3M of the $5.8M net income — core organic profitability excluding AIL is unclear
- EPS of $0.01 on ~578M shares implies significant dilution; share count not disclosed in filing
- OTC listing (FDCT) limits liquidity and institutional interest; uplisting timeline uncertain
- Restated prior-year comparables raise questions about accounting quality
- Brokerage revenue (67% of total) is tied to client trading volumes, which can be volatile
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001493152-26-019505 |
| Exhibit: ex99-1.htm | 0001493152-26-019505 |
| Document: 0001493152-26-019505-index-headers.html | 0001493152-26-019505 |
| Document: 0001493152-26-019505-index.html | 0001493152-26-019505 |
| Document: 0001493152-26-019505.txt | 0001493152-26-019505 |
| 8-K Data (Synthetic) | 0001493152-26-019505 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 14, 2026 13d ago | 8-K | $3.99 | awaiting T+60 | — | $4.37 (+9.52%) |
Oct 2, 2026 25d ago | EFFECT | $2.01 | awaiting T+60 | — | $4.37 (+117.41%) |
Sep 24, 2026 4w ago | S-1/A | $2.85 | awaiting T+60 | — | $4.37 (+53.33%) |
Sep 22, 2026 5w ago | 8-K | $2.10 | awaiting T+60 | — | $4.37 (+108.10%) |
Sep 15, 2026 6w ago | S-1 | $0.9900 | awaiting T+60 | — | $4.37 (+341.41%) |
Sep 10, 2026 6w ago | 8-K | $0.9999 | awaiting T+60 | — | $4.37 (+337.04%) |
Aug 26, 2026 8w ago | 8-K | $1.25 | awaiting T+60 | — | $4.37 (−249.60%) |
Jun 23, 2026 18w ago | 8-K | $3.11 $0.9900 | ▲ +68.17% | ▲ +71.46% | $4.37 (−40.51%) |
Jun 23, 2026 18w ago | 10-K/A | $3.11 $0.9900 | ▲ +68.17% | ▲ +71.46% | $4.37 (−40.51%) |
Jun 8, 2026 20w ago | 8-K | $6.00 $1.00 | ▲ +83.33% | ▲ +87.41% | $4.37 (+27.17%) |
US Market Status
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