Global Mofy Metaverse (GMM) Q4 2024 Earnings Report

Global Mofy Metaverse Limited reported a standout QQ4 2024 top-line with revenue of $21.44 million, marking a strong YoY uplift and a solid QoQ progression. The period showcased a favorable gross margin of approximately 41.9%, with EBITDA of $4.38 million and a net income of $1.82 million, translating to a net margin of about 8.5%. Operating leverage remained modest, as indicated by an operating income of $0.11 million and an operating margin near 0.53%, reflecting ongoing investment in product development and services for the metaverse ecosystem. The company generated robust operating cash flow of $8.60 million and free cash flow of about $8.60 million, underscoring healthy cash generation despite industry cyclicality and R&D intensity.

Balance sheet and liquidity are supportive: total assets of $59.19 million against total liabilities of $13.69 million yields an equity base of $45.65 million. Cash and equivalents stood at $8.07 million at period end, with net debt negative (-$2.07 million), reflecting net cash on the balance sheet. The company reported a current ratio of 1.42, signaling reasonable near-term liquidity. Valuation remains elevated relative to peers and mature software services benchmarks (P/S ~14.9x, EV/Revenue ~72.4x, P/E ~43.95x), indicating market expectations for continued growth and strategic IP monetization.

Given the lack of an earnings call transcript in the provided data, management commentary is inferred from the reported numbers and historical context. The results signal positive momentum in a high-growth, capital-intensive segment of the technology sector, though execution risk and market maturation remain meaningful considerations for investors.