StartEngine Crowdfunding Reports FY2024 Results
| Field | Detail |
|---|---|
| Company | Startengine Crowdfunding, Inc. |
| Form Type | 10-K |
| Filed Date | Mar 31, 2025 |
| Risk Level | medium |
| Sentiment | neutral |
Sentiment: neutral
Topics: financials, crowdfunding, annual-report
TL;DR
StartEngine FY24: $185M Rev, $9.6M Net Income, $703M Assets, $697M Liabilities. Solid but tight margins.
AI Summary
StartEngine Crowdfunding, Inc. filed its 10-K for the fiscal year ending December 31, 2024. The company reported total assets of $702.86 million and total liabilities of $697.09 million. Revenue for the period was $185.44 million, with a net income of $9.64 million. The filing also includes details on various financial inputs and risk factors relevant to its operations.
Why It Matters
This filing provides a comprehensive overview of StartEngine's financial health and performance for 2024, offering insights into its revenue, assets, liabilities, and profitability for investors and stakeholders.
Risk Assessment
Risk Level: medium — The company operates in the highly regulated crowdfunding and financial services sector, facing risks related to market volatility, regulatory changes, and competition.
Key Numbers
- $702.86M — Total Assets (Indicates the company's total resources as of December 31, 2024.)
- $697.09M — Total Liabilities (Represents the company's total obligations as of December 31, 2024.)
- $185.44M — Revenue (Shows the total income generated from operations for the fiscal year 2024.)
- $9.64M — Net Income (The company's profit after all expenses for the fiscal year 2024.)
- $204.81M — Total Equity (The residual interest in the assets of the entity after deducting all its liabilities as of December 31, 2024.)
Key Players & Entities
- STARTENGINE CROWDFUNDING, INC. (company) — Filer
- 2024-12-31 (date) — Fiscal Year End
- $702,861,520 (dollar_amount) — Total Assets
- $697,085,900 (dollar_amount) — Total Liabilities
- $185,440,880 (dollar_amount) — Revenue
- $9,642,080 (dollar_amount) — Net Income
FAQ
What was StartEngine Crowdfunding, Inc.'s total revenue for the fiscal year ending December 31, 2024?
StartEngine Crowdfunding, Inc.'s total revenue for the fiscal year ending December 31, 2024, was $185,440,880.
What was the company's net income for the fiscal year 2024?
The company reported a net income of $9,642,080 for the fiscal year ending December 31, 2024.
What were the total assets of StartEngine Crowdfunding, Inc. as of December 31, 2024?
As of December 31, 2024, StartEngine Crowdfunding, Inc. had total assets amounting to $702,861,520.
What were the total liabilities for StartEngine Crowdfunding, Inc. at the end of fiscal year 2024?
The total liabilities for StartEngine Crowdfunding, Inc. as of December 31, 2024, were $697,085,900.
What is the company's SIC code and industry classification?
The company's Standard Industrial Classification (SIC) code is 6199, classified under Finance Services.
Filing Details
This Form 10-K (Form 10-K) was filed with the SEC on March 31, 2025 regarding STARTENGINE CROWDFUNDING, INC..