Madison Technologies Inc.

MDEXdata completeness 50%22 fiscal years on file

Data notes: no data for concept 'totalDebt'

i. The business — what you’d actually own

Figure	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025
Revenue	$1.24M¹	—	—	—	—
Net income	−$14.3M²	−$12.9M³	−$5.3M⁴	−$2.8M⁵	−$2.98M⁵
Operating cash flow	−$2.8M⁶	−$2.82M⁷	−$323,288⁸	−$394,617⁹	−$330,965⁹
Capital expenditure	$167,000¹⁰	—	—	—	—
Free cash flow (derived)	−$2.97M⁶	—	—	—	—
Total debt	—	—	—	—	—
Cash & equivalents	—	—	—	—	—
Diluted shares	352.8M	1.60B	1.60B	1.60B	1.60B

Superscripts are receipts. Each links to the SEC filing the number came from (full list at the bottom).

ii. Your slice — ownership made literal

If you owned

Net assets behind them

−$0.15

your share of equity

Profit it earned you last year

−$0.02

Free cash flow it threw off

—

Debt you’d be carrying

—

10 shares is a claim on −$0.15 of net worth that earned you −$0.02 last year.

iii. Is this a good business?

Moat signal · return on equity

— avg · 5y

Not enough data in the filings for a return-on-capital reading.

Management signal · capital allocation

+354% shares · 5y

Share count is up 354% over 5 years — owners have been diluted. Worth asking what they got for it.

Signals, not verdicts — read from the filings above. Numbers don’t prove a moat; they show its footprint. You decide.

iv. What it’s worth — engine v0.1.0

DCF · Growth Exit 10Y

not applicable

only 2 years of FCF (need ≥3) — model not applicable

DCF · Growth Exit 5Y

not applicable

only 2 years of FCF (need ≥3) — model not applicable

Earnings Power Value

not applicable

normalized (5y-median) earnings non-positive — EPV undefined

Graham Number

not applicable

diluted EPS missing or non-positive — Graham Number undefined

Different models answer different questions — which to trust when →

Sources — the receipts