Marblegate Capital Corp (MGTE)
Marblegate Capital Corporation, identified by the symbol MGTE, concentrates its business activities on the intricate market of New York City (NYC) taxi medallions. The company's operations encompass the acquisition, reorganization, and direct holding of loans specifically secured by these valuable NYC taxi medallions. Additionally, Marblegate Capital actively participates in the sector by leasing out these medallions through its own managed fleet of taxicabs. Essentially, the firm is a dedicated expert in the NYC taxi medallion industry, serving multiple roles as a financier, an asset proprietor, and a fleet management entity. Its principal office is located in Greenwich, Connecticut.
Sector: Finance Services
Industry: Financial - Conglomerates
Marblegate Capital Corporation
OTC:MGTEFinancial Services · Shell Companies
+6.13%$0.8036
Mkt Cap$59.4M
Float73.91M
O/S73.91M
Inst Own0.2%
SI<0.1%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$48.53M
Net Income-$44.95M
Total Assets$713.03M
Free Cash Flow$922K
Debt & Equity
Debt 9%
Equity 91%
Total Debt$47.12M
Total Equity$491.9M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in MGTE's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$713.03M
Liabilities$116.76M
Accounts Receivable$8.51M
Accounts Payable$0
Inventory$0
PP&E (Net)$5.66M
Goodwill$0
Intangible Assets$359.02M
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Revenue | $48.53M | $0 | $0 | $0 | $0 | $0 |
| YoY Growth | - | - | - | - | - | - |
| Cost of Revenue | $3.33M | $0 | $5.75M | $0 | $0 | $0 |
| Gross Profit | $45.2M | $0 | -$5.75M | -$1.67M | -$504K | $0 |
| Gross Margin | 93.1% | - | - | - | - | - |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $27.68M | $44K | -$3 | $1.67M | $504K | $0 |
| Other | $16.71M | $0 | $0 | $0 | $0 | $0 |
| Total Operating Expenses | $44.39M | $44K | -$3 | $1.67M | $504K | $0 |
| Operating Income (EBIT) | $809K | -$2.57M | -$5.75M | -$1.67M | -$504K | $0 |
| Operating Margin | 1.7% | - | - | - | - | - |
| Interest Expense | $10K | $0 | $0 | $0 | $0 | $0 |
| Interest Income | $0 | $0 | $428K | $3.31M | $36K | $0 |
| Other Income (Expense) | $9.27M | $248K | $437K | $3.54M | $236K | -$1K |
| Income Before Tax (EBT) | $10.08M | -$2.32M | -$5.31M | $1.87M | -$268K | -$1K |
| Income Tax Expense | $54.14M | $0 | $79K | $639K | $0 | $0 |
| Net Income | -$44.95M | -$44K | -$5.39M | $1.23M | -$268K | -$1K |
| Net Income Margin | -92.6% | - | - | - | - | - |
| Supplementary Data | ||||||
| EPS | -0.63 | -0.04 | -0.45 | 0.03 | -0.01 | 0.00 |
| Diluted EPS | -0.63 | -0.04 | -0.45 | 0.03 | -0.01 | 0.00 |
| Weighted Average OS | 71.00M | 55.54M | 12.09M | 38.91M | 41.21M | 47.24M |
| EBITDA | $13.42M | -$44K | -$4.87M | $1.87M | -$268K | $206K |
| EBITDA Margin | 27.6% | - | - | - | - | - |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Assets | ||||||
| Current Assets | ||||||
| Cash and Cash Equivalents | $25.31M | $72K | $124K | $568K | $380K | $0 |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $25.31M | $72K | $124K | $568K | $380K | $0 |
| Accounts Receivable | $8.51M | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $526K | $0 | $0 | $0 | $0 | $0 |
| Total Current Assets | $37.21M | $110K | $159K | $894K | $724K | $0 |
| Long-Term Assets | ||||||
| Property, Plant & Equipment Net | $5.66M | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $359.02M | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $281.67M | $0 | $6.78M | $10.33M | $301.52M | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $29.47M | $4.06M | $0 | $0 | $238K | $43K |
| Total Long-Term Assets | $675.82M | $4.06M | $6.78M | $10.33M | $301.76M | $43K |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $713.03M | $4.17M | $6.94M | $11.22M | $302.48M | $43K |
| Liabilities | ||||||
| Current Liabilities | ||||||
| Accounts Payable | $0 | $454K | $0 | $0 | $0 | $0 |
| Short-Term Debt | $5.22M | $0 | $0 | $0 | $0 | $0 |
| Current Income Tax Payable | $0 | $29K | $71K | $639K | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $0 | $0 | $413K | $0 | $500 | $0 |
| Total Current Liabilities | $19.02M | $541K | $483K | $1.21M | $348K | $44K |
| Long-Term Liabilities | ||||||
| Long-Term Debt | $37.17M | $3.38M | $2.23M | $200K | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $192K | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $54.14M | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $1.69M | $20.3M | $18.94M | $15.02M | $15.25M | $0 |
| Total Long-Term Liabilities | $97.74M | $23.69M | $21.16M | $15.41M | $15.25M | $0 |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $116.76M | $24.23M | $21.64M | $16.62M | $15.6M | $44K |
| Stockholders' Equity | ||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $7K | $4.03M | $6.78M | $10.39M | $301.5M | $0 |
| Retained Earnings | $204.11M | -$24.09M | -$21.48M | -$15.79M | -$14.62M | -$1K |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Stockholders' Equity | $287.79M | $491 | $0 | $0 | $0 | $0 |
| Total Equity | $491.9M | -$20.05M | -$14.7M | -$5.4M | $286.88M | -$1K |
| Minority Interest | $104.37M | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $608.66M | $4.17M | $6.94M | $11.22M | $302.48M | $43K |
| Supplementary Data | ||||||
| Total Debt | $47.12M | $3.38M | $2.23M | $200K | $0 | $0 |
| Net Debt | $21.81M | $3.31M | $2.1M | -$368K | -$380K | $0 |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Operating Activities | ||||||
| Net Income | -$44.06M | -$2.39M | -$5.39M | $1.23M | -$268K | -$1K |
| Depreciation & Amortization | $3.33M | $0 | $0 | $0 | $0 | $0 |
| Deferred Income Tax | $54.14M | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||
| Accounts Receivable | $16K | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | -$4.63M | $1.39M | $3.26M | $1.31M | -$236K | $1K |
| Total Working Capital Change | -$4.62M | $1.39M | $3.26M | $1.31M | -$236K | $1K |
| Other Non-Cash Items | -$7.62M | -$248K | -$437K | -$3.54M | -$236K | $0 |
| Net Cash from Operating | $1.17M | -$1.25M | -$2.56M | -$1M | -$739K | $0 |
| Investing Activities | ||||||
| Capital Expenditures | -$247K | $0 | $0 | $0 | $0 | $0 |
| Acquisitions | -$15.91M | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | -$301.5M | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | -$19.95M | $2.97M | $3.97M | $294.5M | $0 | $0 |
| Net Cash from Investing | -$36.11M | $2.97M | $3.97M | $294.5M | -$301.5M | $0 |
| Financing Activities | ||||||
| Debt Repaid | -$42.22M | -$1.16M | -$2.02M | -$200K | - | - |
| Common Stock Issuance | $0 | $0 | $0 | $0 | $303.13M | -$43K |
| Common Stock Repurchases | $0 | -$2.93M | -$3.88M | -$293.51M | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | -$16.61M | $0 | $0 | $0 | -$506K | $0 |
| Net Cash from Financing | $25.61M | -$1.77M | -$1.85M | -$293.31M | $302.62M | $0 |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | -$9.33M | -$52K | -$444K | $188K | $380K | $0 |
| Supplementary Data | ||||||
| Operating Cash Flow | $1.17M | -$1.25M | -$2.56M | -$1M | -$739K | $0 |
| Capital Expenditure | -$247K | $0 | -$5 | $5 | $3 | $0 |
| Free Cash Flow | $922K | -$1.25M | -$2.56M | -$1M | -$739K | $0 |
| Cash at Beginning | $35.17M | $124K | $568K | $380K | $0 | $0 |
| Cash at End | $25.84M | $72K | $124K | $568K | $380K | $0 |