MDB Capital Holdings, LLC
Business
MDB Capital Holdings, LLC is a public venture capital platform that sources, funds, and develops early-stage technology companies from inception through public markets. The company provides seed and growth capital, intellectual property strategy via PatentVest, broker-dealer services through Public Ventures (a self-clearing FINRA-registered firm), and ongoing board and advisory support. MDB operates through a holding company structure with majority stakes in partner companies, focusing on technology disruption, defensive IP, and public-market readiness; it also holds M1, a pre-clinical longevity pharmaceutical venture licensed from Mayo Clinic.
Summary from 10-K filed 2026-03-31
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 |
|---|---|---|---|---|---|
| Unrealized (loss) on investment securities, net from the licensed broker dealer (Notes 1 and 2) | −331,000 | −275,000 | — | — | |
| Unrealized gain on investment securities, net from non-licensed broker dealer (Notes 1 and 2) | 85,000 | — | — | — | |
| Realized gain on investment securities, net from the licensed broker dealer | 14,000 | — | 8 | −7 | |
| Fee income (from our licensed broker dealer) | 4 | 2 | 4 | 1 | |
| Impairment of investment securities | — | −200,000 | −50,000 | — | |
| Other operating income | 861,000 | 411,000 | 308,250 | 88,539 | |
| Total operating income, net | 5 | 2 | 6 | 1 | |
| Compensation | 15 | 20 | 9 | — | |
| Operating expense, related party | 2 | 1 | 1 | — | |
| Professional fees | 2 | 3 | 2 | 2 | |
| Information technology | 1 | 922,000 | 602,393 | 348,621 | |
| Clearing and other charges | 556,000 | 1 | 389,963 | 16,112 | |
| General and administrative-other | 2 | 3 | 2 | 1 | |
| Total general and administrative costs | 23 | 29 | 14 | 7 | |
| Research and development costs, net of grants $0 and $2,003 in 2024 and 2024 | — | 1 | 528,178 | 348,085 | |
| Total operating costs | 23 | 31 | 14 | — | |
| Net operating loss | −18 | −29 | −9 | −6 | |
| Miscellaneous income | 75,000 | 112,000 | — | — | |
| Interest income | 617,000 | 1 | 919,345 | — | |
| Interest expense | — | −72,000 | — | — | |
| Gain related to dilution events | 61,000 | 130,000 | — | — | |
| Gain on deconsolidation of subsidiary | — | 39 | — | — | |
| Net income (loss) before income taxes | −17 | 12 | −8 | −6 | |
| Income taxes | 11,000 | 2,000 | 127,918 | — | |
| Net income (loss) before equity method investee | −17 | 12 | −8 | — | |
| Equity in loss of equity method investee | −4 | −420,000 | — | — | |
| Net income (loss) | −21 | 12 | −8 | −6 | |
| Less net loss attributable to non-controlling interest | −21,000 | −90,000 | −742,900 | −561,013 | |
| Net income (loss) attributable to MDB Capital Holdings, LLC | −21 | 12 | −7 | −5 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2024 2024-10-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 13 | 20 | — | 6 | 5 | |
| Cash segregated in compliance with regulations | 2 | 800,000 | — | 1 | — | |
| Accounts receivable | 124,000 | — | — | — | — | |
| Related party receivables | 13,000 | 64,000 | — | — | — | |
| Clearing deposits | 2 | 2 | — | — | — | |
| Prepaid expenses and other current assets | 433,000 | 513,000 | — | 523,788 | 309,818 | |
| Investment securities, at fair value, held by the licensed broker dealer (Notes 1 and 2) | 7 | 6 | — | — | — | |
| Investment securities, at fair value, held by the non-licensed broker dealer (Notes 1 and 2) | 235,000 | — | — | — | — | |
| Equity method investment | 38 | 42 | 42 | — | — | |
| Deferred costs related to deferred revenue | 14,000 | 27,000 | — | — | — | |
| Property and equipment, net | 117,000 | 90,000 | — | 866,490 | 624,644 | |
| Operating lease right-of-use asset, net | 547,000 | 641,000 | — | 2 | 1 | |
| Total assets | 64 | 72 | — | 43 | 26 | |
| Accounts payable | 267,000 | 324,000 | — | 578,214 | 698,782 | |
| Accrued expenses | 95,000 | 72,000 | — | 1 | 254,745 | |
| Related party payables | 1,000 | 23,000 | — | — | — | |
| Payables to customers | 2 | 773,000 | — | — | — | |
| Operating lease liabilities | 609,000 | 711,000 | — | 2 | 1 | |
| Total liabilities | 3 | 2 | — | 6 | 3 | |
| Commitments and Contingencies (Note 10) | — | — | — | — | — | |
| Preferred shares, 10,000,000 authorized shares at no par value; 0 issued and outstanding | — | — | — | — | — | |
| Additional paid-in-capital | 80 | 69 | — | 49 | 28 | |
| Accumulated income (deficit) | −20 | 1 | — | −12 | −5 | |
| Total MDB Capital Holdings, LLC equity | 61 | 70 | — | 37 | 23 | |
| Non-controlling interest | −111,000 | −90,000 | — | 7,250 | 468,665 | |
| Total equity | 61 | 70 | — | 37 | 23 | |
| Total liabilities and equity | 64 | 72 | — | 43 | 26 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 |
|---|---|---|---|---|---|
| Unrealized loss on investment securities, net | 246,000 | 275,000 | — | — | |
| Accretion of investments at amortized cost (U.S Treasury Bills) | — | −534,000 | −710,584 | — | |
| Stock-based compensation | 12 | 14 | 4 | 218,355 | |
| Effect of deconsolidation of subsidiary | — | 7 | — | — | |
| Depreciation of property and equipment | 22,000 | 230,000 | 196,938 | 147,750 | |
| Deferred costs related to revenue | 13,000 | 49,000 | −75,328 | — | |
| Dilution of deferred grant reimbursement | — | −41,000 | −38,880 | — | |
| Gain on deconsolidation | — | −39 | — | — | |
| Portion of loss from equity investment | 4 | 420,000 | — | — | |
| Warrants issued as part of an investment banking deal | — | 297,000 | 165,087 | — | |
| Income recognized from warrants received | −2 | −659,000 | −3 | — | |
| Impairment of investment securities | — | 200,000 | 50,000 | — | |
| Deferred revenue | — | −20,000 | 20,000 | — | |
| Change in ROU Asset | 95,000 | 2 | — | — | |
| Change in lease liability | −103,000 | −2 | — | — | |
| Grants receivable | — | 882,000 | −72,787 | −341,179 | |
| Accounts receivable | −100,000 | — | — | — | |
| Related party receivables | 51,000 | −64,000 | — | — | |
| Prepaid expenses and other current assets | 55,000 | 11,000 | −473,970 | −67,130 | |
| Clearing deposits | −262,000 | −1 | — | — | |
| Accounts payable | 58,000 | −252,000 | −120,786 | — | |
| Accrued expenses | 22,000 | −1 | 850,333 | 224,995 | |
| Related party payables | −22,000 | 23,000 | — | — | |
| Payables to customers | 1 | 772,000 | — | — | |
| Payables to non-customers | — | −1 | 1 | — | |
| Net cash used in operating activities | −6 | −9 | −7 | −7 | |
| Purchases of investment securities, at amortized cost (U.S. Treasury Bills) | — | −18 | — | — | |
| Proceeds from payments and maturities of investment securities, at amortized cost (U.S. Treasury Bills) | — | 43 | — | — | |
| Accretion of equity investments | — | −3 | — | — | |
| Deferred grant reimbursement | — | −100,000 | −35,415 | — | |
| Purchases of property and equipment | −49,000 | 546,000 | −438,784 | — | |
| Net cash provided by (used in) investing activities | −49,000 | 23 | −8 | −16 | |
| Acquisition of non-controlling interest | — | 69,000 | −69,303 | — | |
| Net cash provided by financing activities | — | 69,000 | 18 | 22 | |
| NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | −6 | 14 | 2 | −1 | |
| Income taxes | 11,000 | 2,000 | 127,918 | — | |
| Warrants received as part of an investment banking deal | — | 657,000 | 2 | — | |
| Relinquishment of deferred costs of initial public offering from prior year | — | 323,000 | 323,224 | — | |
| Investment securities, at cost less impairment, received in lieu of cash payment | — | 100,000 | 100,000 | — | |
| Issuance of warrants to purchase Class A stock related to the initial public offering closed on September 20, 2023 | — | 65,000 | 65,411 | — |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is MDB Capital Holdings, LLC's CIK number?
MDB Capital Holdings, LLC's SEC CIK number is 0001934642 (1934642). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find MDB Capital Holdings, LLC's SEC filings?
All of MDB Capital Holdings, LLC's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did MDB Capital Holdings, LLC last report earnings?
MDB Capital Holdings, LLC (MDBH) most recently filed an earnings 8-K with the SEC on Nov 16, 2023, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001493152-23-041618). This is MDB Capital Holdings, LLC's most recent earnings filing of record — not a forecast of its next earnings date.
What is MDB Capital Holdings, LLC's most recent earnings 8-K?
MDB Capital Holdings, LLC's latest earnings 8-K (Item 2.02) was filed Nov 16, 2023 under accession 0001493152-23-041618. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View MDB Capital Holdings, LLC's latest earnings 8-K →
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