SequelSEC

LUDWIG ENTERPRISES, INC. LUDG

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

AnnualQuarterlyTTM
Revenue
$0
Fiscal year ended 2024-12-31
Operating income
-$276.72K
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 $0 and net income of -$155.87K for the fiscal year ended 2024-12-31. This page shows 4 annual periods 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.
Metric2024-12-312024-09-302024-06-302024-03-31
Revenue$0$207$0$10
Cost of revenueUnavailableUnavailableUnavailableUnavailable
Gross profitUnavailableUnavailableUnavailableUnavailable
Operating income-$276.72K-$354.54K-$301.35K-$365.58K
Net income-$155.87K-$885.94K-$364.19K-$1.61M
Research & development$51.96K$42.10K$71.56KUnavailable
Weighted-average diluted sharesUnavailableshares 159.36Mshares 159.00Mshares 155.46M
Pretax income-$401.70K-$749.13K-$322.51K-$1.58M
Income tax expenseUnavailableUnavailableUnavailableUnavailable
Diluted EPSUnavailable$0.00$0.00$-0.01
Selling, general & administrativeUnavailableUnavailableUnavailableUnavailable
General & administrative$224.76K$312.65K$229.79K$365.59K
Selling & marketingUnavailableUnavailableUnavailableUnavailable

Balance

LUDWIG ENTERPRISES, INC. balance by fiscal year, in US dollars, normalized from SEC filings.
Metric2024-12-312024-09-302024-06-302024-03-31
Cash & equivalents$217UnavailableUnavailableUnavailable
Total assets$197.56K$136.87K$246.16K$349.60K
Current assets$197.56K$136.87K$246.16K$349.60K
Total liabilities$2.58M$2.47M$2.26M$2.00M
Current liabilities$2.58M$2.47M$2.26M$2.00M
Total equity incl. NCI-$2.38M-$2.33M-$2.01M-$1.65M
Temporary (mezzanine) equityUnavailableUnavailableUnavailableUnavailable
Inventory$3.05KUnavailableUnavailableUnavailable
Accounts receivableUnavailableUnavailableUnavailableUnavailable
GoodwillUnavailableUnavailableUnavailableUnavailable
Long-term debtUnavailableUnavailableUnavailable$405.00K
Accounts payableUnavailableUnavailableUnavailableUnavailable

Cash flow

LUDWIG ENTERPRISES, INC. cash flow by fiscal year, in US dollars, normalized from SEC filings.
Metric2024-12-312024-09-302024-06-302024-03-31
Operating cash flow-$136.32K-$192.56K-$228.56K-$102.86K
Capital expendituresUnavailableUnavailableUnavailableUnavailable
Investing cash flowUnavailableUnavailableUnavailableUnavailable
Financing cash flow$99.71K$34.00K$85.00K$340.00K
Net change in cashUnavailableUnavailableUnavailableUnavailable
Stock-based compensationUnavailableUnavailableUnavailableUnavailable
Common dividends paidUnavailableUnavailableUnavailableUnavailable
Common share repurchasesUnavailableUnavailableUnavailableUnavailable
Depreciation & amortizationUnavailableUnavailableUnavailableUnavailable

Derived

LUDWIG ENTERPRISES, INC. derived by fiscal year, in US dollars, normalized from SEC filings.
Metric2024-12-312024-09-302024-06-302024-03-31
Free cash flowUnavailableUnavailableUnavailableUnavailable
Gross marginUnavailableUnavailableUnavailableUnavailable
Operating marginUnavailable-171275.4%Unavailable-3655790.0%
FCF marginUnavailableUnavailableUnavailableUnavailable
SBC / revenueUnavailableUnavailableUnavailableUnavailable
Current ratio0.08x0.06x0.11x0.18x
Revenue YoY growthUnavailableUnavailableUnavailableUnavailable
Net marginUnavailable-427991.3%UnavailableUnavailable
R&D / revenueUnavailable20338.2%UnavailableUnavailable
CapEx / revenueUnavailableUnavailableUnavailableUnavailable
Long-term debt / equityUnavailableUnavailableUnavailableUnavailable
Effective tax rateUnavailableUnavailableUnavailableUnavailable

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

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