SequelSEC

LUDWIG ENTERPRISES, INC. LUDG

Services-Medical Laboratories · CIK 0001960262 · Fiscal year ends 1231

Revenue
$217
Fiscal year ended 2024-12-31
Operating income
-$1.30M
Fiscal year ended 2024-12-31
Free cash flow
Unavailable
Fiscal year ended 2024-12-31

Valuation, from the filing

Public float$9.92MMarket value of stock held by non-affiliates, as stated on the cover page for 2025-06-30
Float per share$0.06Float divided by shares outstanding in the same filing. A floor under the share price on that date, not the price itself.

Every figure here is drawn from the 10-K cover page and the statements behind it, so each one traces to a filing. Public float counts only stock held by non-affiliates, which makes these floors rather than estimates: a high multiple is conclusive, a low one may mean cheap or may mean closely held. The float was measured on 2025-06-30, not today.

How this compares in its industry

Percentile among the Services-Medical Laboratories filers on this site, highest value first. A high percentile means a large figure, which is good for a margin and not for leverage — the ranking says where the company sits, not whether that is where it should be.

MeasureReportedPercentile
Net margin-1390269.1%0th
Operating margin-598243.8%0th
R&D / revenue76323.0%100th
Current ratio0.08x4th

LUDWIG ENTERPRISES, INC. (LUDG) reported revenue of $217 and net income of -$3.02M for the fiscal year ended 2024-12-31. This page shows 1 annual period of income statement, balance sheet and cash flow figures normalized from LUDWIG ENTERPRISES, INC.’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Services-Medical Laboratories.

Income

LUDWIG ENTERPRISES, INC. income by fiscal year, in US dollars, normalized from SEC filings.
Metric2024-12-31
Revenue$217
Cost of revenueUnavailable
Gross profitUnavailable
Operating income-$1.30M
Net income-$3.02M
Research & development$165.62K
Weighted-average diluted sharesshares 158.61M
Pretax income-$3.05M
Income tax expenseUnavailable
Diluted EPS$-0.02
Selling, general & administrativeUnavailable
General & administrative$1.13M
Selling & marketingUnavailable

Balance

LUDWIG ENTERPRISES, INC. balance by fiscal year, in US dollars, normalized from SEC filings.
Metric2024-12-31
Cash & equivalents$217
Total assets$197.56K
Current assets$197.56K
Total liabilities$2.58M
Current liabilities$2.58M
Total equity incl. NCI-$2.38M
Temporary (mezzanine) equityUnavailable
Inventory$3.05K
Accounts receivableUnavailable
GoodwillUnavailable
Long-term debtUnavailable
Accounts payableUnavailable

Cash flow

LUDWIG ENTERPRISES, INC. cash flow by fiscal year, in US dollars, normalized from SEC filings.
Metric2024-12-31
Operating cash flow-$660.30K
Capital expendituresUnavailable
Investing cash flowUnavailable
Financing cash flow$558.71K
Net change in cashUnavailable
Stock-based compensationUnavailable
Common dividends paidUnavailable
Common share repurchasesUnavailable
Depreciation & amortizationUnavailable

Derived

LUDWIG ENTERPRISES, INC. derived by fiscal year, in US dollars, normalized from SEC filings.
Metric2024-12-31
Free cash flowUnavailable
Gross marginUnavailable
Operating margin-598243.8%
FCF marginUnavailable
SBC / revenueUnavailable
Current ratio0.08x
Revenue YoY growthUnavailable
Net margin-1390269.1%
R&D / revenue76323.0%
CapEx / revenueUnavailable
Long-term debt / equityUnavailable
Effective tax rateUnavailable

Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open LUDG in the interactive workspace to inspect any figure back to its filing.

Source filings

10-Q · Filed 2026-05-29View SEC filing
10-K · Filed 2026-03-16View SEC filing
10-Q · Filed 2025-11-12View SEC filing
10-Q · Filed 2025-08-12View SEC filing
10-Q · Filed 2025-05-15View SEC filing
10-K · Filed 2025-03-31View SEC filing

Companies in the same industry

Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.