LUDWIG ENTERPRISES, INC.
LUDWIG ENTERPRISES, INC.
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Financial Statements
Values in Millions ($) | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Financial statements beyond 3 years are for subscribers only. Unlock 17+ years of income statements, balance sheets, and cash flow statements Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Related Party | 0 | 0 | -0 | -0 | 0 | 0 | - | - | - | - | - | |||||
Cash | - | 0 | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Assets | ||||||||||||||||
Assets Current | ||||||||||||||||
Cash And Cash Equivalents At Carrying Value | 0 | - | 0 | 0 | 0 | 0 | 0 | 0 | - | - | - | |||||
Inventory Net | 0 | 0 | 0 | 0 | 0 | 0 | - | - | - | - | - | |||||
Prepaid Expense Current | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Assets Of Disposal Group Including Discontinued Op… | - | - | - | - | - | - | - | - | - | 0 | - | |||||
Accounts And Other Receivables Net Current | - | - | - | - | - | 0 | - | - | - | - | - | |||||
Deferred Offering Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | - | - | |||||
Notes And Loans Receivable Net Current | 0 | 0 | 0 | 0 | 0 | 0 | - | - | - | - | - | |||||
Assets Current | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Other Long Term Investments | 1 | - | - | - | - | - | - | - | - | - | - | |||||
Intangible Assets Net Excluding Goodwill | 0 | 0 | 0 | 0 | - | - | - | - | - | - | - | |||||
Assets | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Liabilities And Stockhold… | ||||||||||||||||
Liabilities Current | ||||||||||||||||
Other Liabilities Current | - | - | - | - | - | 0 | - | - | - | - | - | |||||
Bank Overdrafts | - | 0 | - | - | - | - | - | - | - | - | - | |||||
Accounts Payable And Accrued Liabilities Current | 2 | 1 | 1 | 1 | 1 | 0 | 1 | 0 | 0 | 0 | 0 | |||||
Other Notes Payable Current | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | |||||
Convertible Notes Payable Current | 1 | 1 | 1 | 0 | 1 | 1 | 1 | 0 | 0 | 0 | 1 | |||||
Customer Advances Current | - | - | - | - | - | - | 0 | 0 | 0 | - | - | |||||
Warrants And Rights Outstanding | 0 | - | - | - | - | - | - | - | - | - | - | |||||
Derivative Liabilities Current | 0 | 1 | 0 | 1 | - | - | - | - | - | - | - | |||||
Liabilities Current | 5 | 5 | 4 | 4 | 3 | 3 | 2 | 2 | 2 | 2 | 1 | |||||
Liabilities | 5 | 5 | 4 | 4 | 3 | 3 | 2 | 2 | 2 | 2 | - | |||||
Stockholders Equity | ||||||||||||||||
Preferred Stock Value | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Common Stock Value | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Additional Paid In Capital | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 4 | 3 | 3 | 2 | |||||
Retained Earnings Accumulated Deficit | -9 | -9 | -8 | -8 | -8 | -7 | -7 | -6 | -6 | -4 | -4 | |||||
Stockholders Equity | -4 | -4 | -3 | -3 | -3 | -2 | -2 | -2 | -2 | -1 | -1 | |||||
Liabilities And Stockholders Equity | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Preferred Stock Shares Authorized | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | |||||
Preferred Stock Par Or Stated Value Per Share | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | |||||
Preferred Stock Shares Issued | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | |||||
Preferred Stock Shares Outstanding | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | |||||
Common Stock Shares Authorized | 1,250 | 1,250 | 1,250 | 1,250 | 1,250 | 1,250 | 1,250 | 1,250 | 1,250 | 1,250 | 1,250 | |||||
Common Stock Par Or Stated Value Per Share | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | |||||
Common Stock Shares Issued | 167 | 163 | 163 | 162 | 162 | 161 | 160 | 159 | 155 | 155 | 324 | |||||
Shares Outstanding | 167 | 163 | 163 | 162 | 162 | 161 | 160 | 159 | 155 | 155 | 324 | |||||
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Interactive Financial Visualizations
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Earnings Market Reaction
| Fiscal Year | Q1 1 Month | Q1 2 Month | Q1 3 Month | Q2 1 Month | Q2 2 Month | Q2 3 Month | Q3 1 Month | Q3 2 Month | Q3 3 Month | Q4 1 Month | Q4 2 Month | Q4 3 Month |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -42.86% | -42.86% | - | - | - | - | - | - | - | - | - | - |
| 2025 | -19.19% | -6.06% | -40.40% | -22.62% | -27.38% | -16.67% | -5.56% | -5.56% | -7.41% | -5.13% | -33.33% | -23.08% |
| 2024 | -4.55% | -36.36% | -11.36% | 79.00% | 120.00% | 50.00% | -12.67% | -2.00% | -12.67% | -30.15% | -41.18% | -36.76% |
| 2023 | - | - | - | - | - | - | -36.32% | -50.00% | 42.11% | -26.67% | -30.00% | -43.33% |
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Performance and Valuation Metrics
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Metrics | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Metric history beyond 3 years is for subscribers only. Unlock 17+ years of history across 90+ calculated metrics Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Liquidity Ratios | ||||||||||||||||
| Current Ratio | 0.05 | 0.05 | 0.07 | 0.11 | 0.08 | 0.08 | 0.06 | 0.11 | 0.18 | 0.07 | 0.01 | |||||
| Quick Ratio | 0.05 | 0.05 | 0.06 | 0.09 | 0.08 | 0.06 | 0.04 | 0.09 | 0.17 | 0.07 | 0.00 | |||||
| Working Capital | -5.04M | -4.40M | -3.32M | -3.40M | -2.75M | -2.38M | -2.33M | -2.01M | -1.65M | -1.46M | -1.35M | |||||
Leverage & Debt | ||||||||||||||||
| Debt to Equity | -1.31 | -1.06 | -1.08 | -1.12 | -1.09 | -1.08 | -1.06 | -1.12 | -1.21 | -1.08 | -1.01 | |||||
| Interest Coverage TTM | -11.13 | -19.31 | -20.68 | -25.17 | -18.89 | -20.15 | -51.52 | -54.46 | - | - | - | |||||
| Debt Ratio | 4.19 | 18.73 | 13.66 | 9.48 | 11.88 | 13.04 | 18.02 | 9.17 | 5.71 | 14.00 | 125.96 | |||||
Efficiency & Turnover | ||||||||||||||||
| Asset Turnover TTM | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | - | - | - | |||||
Per Share Metrics | ||||||||||||||||
| Diluted EPS TTM | -0.00 | -0.01 | -0.00 | -0.01 | -0.01 | -0.02 | -0.03 | -0.03 | - | - | - | |||||
| Free Cash Flow Per Share TTM | -0.00 | -0.00 | -0.00 | -0.01 | -0.00 | -0.00 | -0.00 | -0.01 | - | - | - | |||||
| Dividend Per Share TTM | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | - | - | - | |||||
Margin Metrics | ||||||||||||||||
| Operating Profit Margin TTM | - | - | - | -841,451.69% | -704,121.26% | -598,243.78% | -1,194,837.79% | -20,426,880.00% | - | - | - | |||||
| Net Profit Margin TTM | - | - | - | -1,078,357.49% | -940,554.11% | -1,390,269.12% | -2,244,284.33% | -44,316,210.00% | - | - | - | |||||
Growth Metrics | ||||||||||||||||
| Net Revenue Growth (1Y) | -100.00% | -100.00% | -100.00% | 1,970.00% | - | - | - | - | - | - | - | |||||
| Net Income Growth (1Y) | -24.16% | -25.87% | -73.00% | -49.63% | - | - | - | - | - | - | - | |||||
| EPS Growth (1Y) | -25.27% | -27.34% | -73.43% | -50.43% | - | - | - | - | - | - | - | |||||
Valuation Metrics | ||||||||||||||||
| P/E TTM | -4.99 | -3.76 | -6.16 | -6.88 | -11.26 | -7.73 | -7.85 | -6.10 | - | - | - | |||||
| P/B TTM | -1.83 | -1.92 | -2.45 | -4.51 | -7.96 | -9.80 | -16.42 | -13.44 | -23.59 | -14.47 | -41.94 | |||||
| P/S TTM | - | - | - | 74,150.39 | 105,897.52 | 107,443.31 | 176,255.75 | 2,703,061.21 | - | - | - | |||||
| Market Cap | 7.36M | 8.41M | 8.10M | 15.35M | 21.92M | 23.32M | 38.25M | 27.03M | 38.87M | 21.14M | 56.42M | |||||
| Enterprise Value | 8.73M | 9.59M | 8.78M | 15.70M | 22.58M | 23.89M | 38.79M | 27.32M | 38.92M | 21.13M | 57.05M | |||||
Calculated Values | ||||||||||||||||
| Free Cash Flow TTM | -717.73K | -654.63K | -777.51K | -830.29K | -647.00K | -660.30K | -592.28K | -979.29K | - | - | - | |||||
| Net Debt | 1.37M | 1.17M | 684.28K | 347.79K | 662.14K | 571.97K | 540.65K | 288.09K | 52.53K | -8.34K | 633.37K | |||||
Per-Share and Margin | ||||||||||||||||
| EPS TTM | ||||||||||||||||
| Adjusted EPS TTM | ||||||||||||||||
| Cash Flow Per Share TTM | ||||||||||||||||
| Pretax Margin TTM | ||||||||||||||||
| Stock Comp to Revenue TTM | ||||||||||||||||
Turnover Ratios and Averages | ||||||||||||||||
| Average Assets | ||||||||||||||||
| Average Equity | ||||||||||||||||
| Average Inventory | ||||||||||||||||
| Average Receivables | ||||||||||||||||
| Average Accounts Payables | ||||||||||||||||
| Inventory Turnover TTM | ||||||||||||||||
| Payables Turnover TTM | ||||||||||||||||
| Days Inventory Outstanding TTM | ||||||||||||||||
| Days Payables Outstanding TTM | ||||||||||||||||
| Cash Conversion Cycle TTM | ||||||||||||||||
| Working Capital to Revenue | ||||||||||||||||
| Deferred Revenue to Revenue | ||||||||||||||||
Growth Rates | ||||||||||||||||
| Total Assets Growth (1Y) | ||||||||||||||||
| Total Assets Growth (3Y) | ||||||||||||||||
| Total Assets Growth (5Y) | ||||||||||||||||
| Dividends Paid Growth (1Y) | ||||||||||||||||
| Dividends Paid Growth (3Y) | ||||||||||||||||
| Dividends Paid Growth (5Y) | ||||||||||||||||
| EPS Growth (3Y) | ||||||||||||||||
| EPS Growth (5Y) | ||||||||||||||||
| Net Income Growth (3Y) | ||||||||||||||||
| Net Income Growth (5Y) | ||||||||||||||||
| Net Profit Margin Growth (1Y) | ||||||||||||||||
| Net Profit Margin Growth (3Y) | ||||||||||||||||
| Net Profit Margin Growth (5Y) | ||||||||||||||||
| Net Revenue Growth (3Y) | ||||||||||||||||
| Net Revenue Growth (5Y) | ||||||||||||||||
| Deferred Revenue Growth (1Y) | ||||||||||||||||
| Retained Earnings Growth (1Y) | ||||||||||||||||
Credit, Liquidity, Returns, Payout | ||||||||||||||||
| Cash Ratio | ||||||||||||||||
| Net Working Capital | ||||||||||||||||
| Debt to EBITDA TTM | ||||||||||||||||
| Net Debt to EBITDA TTM | ||||||||||||||||
| Net Debt to Equity | ||||||||||||||||
| Altman A | ||||||||||||||||
| Altman B | ||||||||||||||||
| Altman C | ||||||||||||||||
| Altman D | ||||||||||||||||
| Altman E | ||||||||||||||||
| Altman Z-Score | ||||||||||||||||
| ROA TTM | ||||||||||||||||
| ROE TTM | ||||||||||||||||
| NOPAT TTM | ||||||||||||||||
| ROIC TTM | ||||||||||||||||
| Effective Tax Rate TTM | ||||||||||||||||
| Payout Ratio TTM | ||||||||||||||||
| Dilution Ratio | ||||||||||||||||
| Retained Earnings to Equity | ||||||||||||||||
| Treasury Stock to Equity | ||||||||||||||||
| Treasury Stock Change (1Y) | ||||||||||||||||
| Accrued to Current Liabilities | ||||||||||||||||
| NCAV | ||||||||||||||||
| NCAV Per Share TTM | ||||||||||||||||
Valuation Ratios | ||||||||||||||||
| P/CF TTM | ||||||||||||||||
| PEG Ratio | ||||||||||||||||
| Dividend Yield TTM | ||||||||||||||||
| Free Cash Flow Yield TTM | ||||||||||||||||
| EV EBITDA TTM | ||||||||||||||||
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| Stock Compensation TTM | ||||||||||||||||
| Adjusted Net Income TTM | ||||||||||||||||
| Billings TTM | ||||||||||||||||
| Total Debt | ||||||||||||||||
| Invested Capital | ||||||||||||||||
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Insider Transactions
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LUDWIG ENTERPRISES, INC. (LUDG) — SEC Financial Statements & Analysis
LUDWIG ENTERPRISES, INC. (LUDG) is a services-medical laboratories company, incorporated in NV. LUDWIG ENTERPRISES, INC. trades on OTC as: LUDG. Based on its latest SEC filing (Form 10-Q, period ending 2026-03-31), LUDWIG ENTERPRISES, INC. reported a -100.00% year-over-year revenue growth, a Debt-to-Equity ratio of -1.31x, a Price-to-Sales (P/S) ratio of 74150.39x (TTM), a Price-to-Book (P/B) ratio of -1.83x (TTM), at a market cap of $7.36M. Figures below are sourced from SEC EDGAR, as-filed.
- Net Revenue TTM Growth 1Y
- -100.00%
- Debt To Equity
- -1.31x
- P/S TTM
- 74150.39x
- P/B TTM
- -1.83x
- Market Cap
- $7.36M
Data as of 2026-03-31 · Source: SEC EDGAR
Frequently Asked Questions
What industry is LUDWIG ENTERPRISES, INC. in?
LUDWIG ENTERPRISES, INC. (LUDG) operates in the Services-Medical Laboratories industry.
What is LUDG's market cap?
LUDWIG ENTERPRISES, INC. (LUDG) has a market capitalization of $7.36M as of 2026-03-31.
What exchange does LUDG trade on?
LUDWIG ENTERPRISES, INC. (LUDG) trades on the OTC.
Where is LUDWIG ENTERPRISES, INC. incorporated?
LUDWIG ENTERPRISES, INC. is incorporated in NV.