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NASDAQ · SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. · SMALL CAP

MindForge Inc. MF

4 fiscal years on record · USD · FY2024 reported · SEC filings only
$29.7M
▼ 42.5% YoY
$-2.7M
In brief

What this company does

Since U-BX Beijing’s establishment in 2018, we focus on providing value-added services using artificial intelligence-driven technology to businesses within the insurance industry, including insurance carriers and brokers. Through the PRC Operating Entities, our business primarily consists of providing the following three services/products: i) digital promotion services, ii) risk assessment services, and iii) value-added bundled benefits. We have also developed a unique algorithm and named it the “Magic Mirror” to calculate payout risks for insurance carriers to underwrite auto insurance coverage. At present, our client base consists of more than 300 city-level property and auto insurance carriers nationwide using our products and services to conduct business on a daily basis. U-BX is a holding company with no material operations of its own. We currently conduct our operations primarily through our PRC Operating Entities.

Written from the business description in U-BX Technology Ltd.'s annual report to the U.S. Securities and Exchange Commission, filed 24 October 2025. Every sentence was checked against that document before publication.

Growth
USD 29.7M
Revenue, FY2024 · full 4-year series below
Revenue $M Net income $M
FY2024 · Revenue 29.7 · Net income -2.7
40M80M2021202220232024
Compound annual growth
−30.0%
3 yrs
5 yrs
10 yrs
15 yrs

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
−9 cents
lost on every revenue dollar
Operating margin Net margin
FY2024 · Operating -10.5% · Net -9.2%
-5%-10%2021202220232024
ROE
FY2024 · ROE -16.5%
10%20%-5%-10%-15%2021202220232024

Each USD of equity lost 17 cents this year.

Cash & shareholders
returned in FY2024 · dividends + net buybacks
Free cash flow $M
FY2023 · FCF -1.4
0.2M-0.5M-1.0M2021202220232024

Total assetsUSD 21.0M
EquityUSD 19.0M
CashUSD 11.2M
Gross debtUSD 389,741.00
Net debtUSD -10.8M
Current ratio10.24×

The company holds more cash than debt.

The 4-year record
4 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 2024202320222021
Revenue $B0.00.10.10.1
Operating income $B−0.0−0.00.00.0
EBITDA $B−0.0−0.0··
Income tax $B−0.00.00.00.0
Net income $B−0.0−0.00.0−0.0
Free cash flow $B·−0.0−0.00.0
EPS, diluted $−0.37−0.480.160.00
Dividend / sh $····
Payout %····
ROE %−16.5−10.020.8−5.4
Shares out B0.030.000.02·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures · 1 divergences in 17 reconciliationsAUDITED

Reconciled in 3 of 19 fiscal years. 1 of those reconciliations are divergences — the figures exist but don't fit the formula this check expects; that isn't the same as an error. 78 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures1 divergent
ActivityServices-Computer Programming, Data Processing, Etc.
Listed onNASDAQ
Incorporated inoutside the United States — SEC code E9
Fiscal year endsJune 30
SEC categoryemerging growth company
Data on record since2021

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