Lendway Inc. (LDWY) - Net Assets
Based on the latest financial reports, Lendway Inc. (LDWY) has net assets worth $8.93 Million USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($105.61 Million) and total liabilities ($96.67 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Lendway Inc. liquidity resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $8.93 Million |
| % of Total Assets | 8.46% |
| Annual Growth Rate | 3.95% |
| 5-Year Change | 179.74% |
| 10-Year Change | -40.88% |
| Growth Volatility | 81.57 |
Lendway Inc. - Net Assets Trend (1990–2025)
This chart illustrates how Lendway Inc.'s net assets have evolved over time, based on quarterly financial data. Also explore total assets of Lendway Inc. for the complete picture of this company's asset base.
Annual Net Assets for Lendway Inc. (1990–2025)
The table below shows the annual net assets of Lendway Inc. from 1990 to 2025. For live valuation and market cap data, see LDWY market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $8.93 Million | -24.90% |
| 2024-12-31 | $11.89 Million | -23.42% |
| 2023-12-31 | $15.53 Million | +15.90% |
| 2022-12-31 | $13.40 Million | +319.70% |
| 2021-12-31 | $3.19 Million | -52.11% |
| 2020-12-31 | $6.67 Million | -39.84% |
| 2019-12-31 | $11.08 Million | -32.09% |
| 2018-12-31 | $16.32 Million | +9.97% |
| 2017-12-31 | $14.84 Million | -1.77% |
| 2016-12-31 | $15.11 Million | -38.88% |
| 2015-12-31 | $24.72 Million | +0.66% |
| 2014-12-31 | $24.56 Million | -6.16% |
| 2013-12-31 | $26.17 Million | -1.23% |
| 2012-12-31 | $26.50 Million | -4.90% |
| 2011-12-31 | $27.86 Million | +44.66% |
| 2010-12-31 | $19.26 Million | +64.81% |
| 2009-12-31 | $11.69 Million | +60.71% |
| 2008-12-31 | $7.27 Million | -24.86% |
| 2007-12-31 | $9.68 Million | +99.03% |
| 2006-12-31 | $4.86 Million | +134.65% |
| 2005-12-31 | $2.07 Million | -61.15% |
| 2004-12-31 | $5.33 Million | -31.82% |
| 2003-12-31 | $7.82 Million | -30.52% |
| 2002-12-31 | $11.26 Million | +247.58% |
| 2001-12-31 | $3.24 Million | +23.99% |
| 2000-12-31 | $2.61 Million | +30.61% |
| 1999-12-31 | $2.00 Million | -16.67% |
| 1998-12-31 | $2.40 Million | -36.84% |
| 1997-12-31 | $3.80 Million | -9.52% |
| 1996-12-31 | $4.20 Million | -17.65% |
| 1995-12-31 | $5.10 Million | -20.31% |
| 1994-12-31 | $6.40 Million | -11.11% |
| 1993-12-31 | $7.20 Million | +5.88% |
| 1992-12-31 | $6.80 Million | +9.68% |
| 1991-12-31 | $6.20 Million | +169.57% |
| 1990-12-31 | $2.30 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Lendway Inc.'s total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 783800000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $17.00K | 0.24% |
| Other Comprehensive Income | $822.00K | 11.55% |
| Other Components | $16.31 Million | 229.29% |
| Total Equity | $7.12 Million | 100.00% |
Lendway Inc. Competitors by Market Cap
The table below lists competitors of Lendway Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Vape Holdings Inc
NASDAQ:VAPE
|
$7.08 Million |
|
Synlogic Inc
NASDAQ:SYBX
|
$7.08 Million |
|
Evolva Holding SA
SW:EVE
|
$7.08 Million |
|
Mountain Lake Acquisition Corp. Right
NASDAQ:MLACR
|
$7.08 Million |
|
Atlas Cycles (Haryana) Limited
NSE:ATLASCYCLE
|
$7.07 Million |
|
Sersol Bhd
KLSE:0055
|
$7.07 Million |
|
Intelligent Living Application Group Inc
NASDAQ:ILAG
|
$7.06 Million |
|
Bioalpha Holdings Bhd
KLSE:0179
|
$7.06 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Lendway Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 9,840,000 to 7,115,000, a change of -2,725,000 (-27.7%).
- Net loss of 3,634,000 reduced equity.
- Other comprehensive income increased equity by 831,000.
- Other factors increased equity by 78,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-3.63 Million | -51.08% |
| Other Comprehensive Income | $831.00K | +11.68% |
| Other Changes | $78.00K | +1.1% |
| Total Change | $- | -27.69% |
Book Value vs Market Value Analysis
This analysis compares Lendway Inc.'s book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.99x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has increased from 0.60x to 0.99x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1990-12-31 | $6.66 | $3.99 | x |
| 1991-12-31 | $10.35 | $3.99 | x |
| 1992-12-31 | $9.52 | $3.99 | x |
| 1993-12-31 | $8.82 | $3.99 | x |
| 1994-12-31 | $8.46 | $3.99 | x |
| 1995-12-31 | $6.43 | $3.99 | x |
| 1996-12-31 | $5.29 | $3.99 | x |
| 1997-12-31 | $3.91 | $3.99 | x |
| 1998-12-31 | $2.18 | $3.99 | x |
| 1999-12-31 | $1.59 | $3.99 | x |
| 2000-12-31 | $1.85 | $3.99 | x |
| 2001-12-31 | $1.95 | $3.99 | x |
| 2002-12-31 | $6.68 | $3.99 | x |
| 2003-12-31 | $4.47 | $3.99 | x |
| 2004-12-31 | $2.94 | $3.99 | x |
| 2005-12-31 | $0.97 | $3.99 | x |
| 2006-12-31 | $2.19 | $3.99 | x |
| 2007-12-31 | $4.19 | $3.99 | x |
| 2008-12-31 | $3.29 | $3.99 | x |
| 2009-12-31 | $5.16 | $3.99 | x |
| 2010-12-31 | $7.96 | $3.99 | x |
| 2011-12-31 | $12.57 | $3.99 | x |
| 2012-12-31 | $13.63 | $3.99 | x |
| 2013-12-31 | $13.65 | $3.99 | x |
| 2014-12-31 | $16.30 | $3.99 | x |
| 2015-12-31 | $14.17 | $3.99 | x |
| 2016-12-31 | $9.09 | $3.99 | x |
| 2017-12-31 | $8.87 | $3.99 | x |
| 2018-12-31 | $9.51 | $3.99 | x |
| 2019-12-31 | $6.50 | $3.99 | x |
| 2020-12-31 | $3.85 | $3.99 | x |
| 2021-12-31 | $1.81 | $3.99 | x |
| 2022-12-31 | $7.48 | $3.99 | x |
| 2023-12-31 | $8.72 | $3.99 | x |
| 2024-12-31 | $5.56 | $3.99 | x |
| 2025-12-31 | $4.02 | $3.99 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Lendway Inc. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -51.08%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -7.65%
- • Asset Turnover: 0.45x
- • Equity Multiplier: 14.84x
- Recent ROE (-51.08%) is below the historical average (-20.77%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1990 | -95.65% | -244.44% | 0.31x | 1.26x | $-2.43 Million |
| 1991 | -20.97% | -19.70% | 0.92x | 1.16x | $-1.92 Million |
| 1992 | 7.35% | 4.46% | 1.40x | 1.18x | $-180.00K |
| 1993 | 5.56% | 2.82% | 1.75x | 1.13x | $-320.00K |
| 1994 | -14.06% | -5.52% | 2.01x | 1.27x | $-1.54 Million |
| 1995 | -29.41% | -9.68% | 2.28x | 1.33x | $-2.01 Million |
| 1996 | -23.81% | -6.80% | 2.30x | 1.52x | $-1.42 Million |
| 1997 | -89.47% | -25.56% | 2.25x | 1.55x | $-3.78 Million |
| 1998 | -141.67% | -39.08% | 2.12x | 1.71x | $-3.64 Million |
| 1999 | -70.00% | -15.05% | 2.33x | 2.00x | $-1.60 Million |
| 2000 | -31.53% | -6.42% | 2.53x | 1.94x | $-1.08 Million |
| 2001 | 3.74% | 0.61% | 3.01x | 2.05x | $-202.90K |
| 2002 | 2.96% | 1.34% | 1.48x | 1.49x | $-792.80K |
| 2003 | -54.36% | -16.27% | 2.24x | 1.49x | $-5.03 Million |
| 2004 | -91.09% | -23.14% | 2.12x | 1.86x | $-5.39 Million |
| 2005 | -159.65% | -16.88% | 2.94x | 3.22x | $-3.52 Million |
| 2006 | 49.28% | 10.94% | 2.55x | 1.77x | $1.91 Million |
| 2007 | 24.21% | 9.59% | 1.83x | 1.38x | $1.38 Million |
| 2008 | -31.04% | -7.19% | 2.01x | 2.14x | $-2.98 Million |
| 2009 | 31.80% | 12.92% | 1.61x | 1.53x | $2.55 Million |
| 2010 | 34.25% | 21.98% | 1.22x | 1.28x | $4.67 Million |
| 2011 | 183.38% | 296.46% | 0.50x | 1.24x | $48.30 Million |
| 2012 | -6.13% | -8.05% | 0.64x | 1.20x | $-4.27 Million |
| 2013 | 5.27% | 4.97% | 0.88x | 1.21x | $-1.24 Million |
| 2014 | 0.86% | 0.80% | 0.86x | 1.24x | $-2.24 Million |
| 2015 | 6.21% | 5.44% | 0.89x | 1.28x | $-938.00K |
| 2016 | -8.51% | -5.16% | 0.88x | 1.87x | $-2.80 Million |
| 2017 | -4.31% | -2.42% | 1.20x | 1.48x | $-2.12 Million |
| 2018 | 8.57% | 4.21% | 1.38x | 1.48x | $-233.00K |
| 2019 | -45.30% | -22.87% | 1.29x | 1.53x | $-6.13 Million |
| 2020 | -64.49% | -24.34% | 1.24x | 2.14x | $-4.97 Million |
| 2021 | -110.68% | -18.12% | 1.83x | 3.34x | $-3.85 Million |
| 2022 | 74.96% | 53.44% | 0.90x | 1.56x | $8.71 Million |
| 2023 | 15.54% | 12.84% | 1.13x | 1.07x | $860.80K |
| 2024 | -58.36% | -15.20% | 0.38x | 10.16x | $-6.73 Million |
| 2025 | -51.08% | -7.65% | 0.45x | 14.84x | $-4.35 Million |
Industry Comparison
This section compares Lendway Inc.'s net assets metrics with peer companies in the Advertising Agencies industry.
Industry Context
- Industry: Advertising Agencies
- Average net assets among peers: $150,062,749
- Average return on equity (ROE) among peers: -10.04%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Lendway Inc. (LDWY) | $8.93 Million | -95.65% | 10.82x | $7.07 Million |
| ACCESS Newswire Inc. (ACCS) | $35.42 Million | 2.16% | 0.84x | $31.53 Million |
| Advantage Solutions Inc (ADV) | $1.10 Billion | -5.74% | 2.42x | $202.97 Million |
| Advantage Solutions Inc (ADVWW) | $1.74 Billion | 1.85% | 2.42x | $46.11 |
| Airnet Technology Inc (ANTE) | $123.68 Million | -72.85% | 0.82x | $385.29 Million |
| Applovin Corp (APP) | $1.26 Billion | 28.39% | 3.27x | $128.13 Billion |
| Baosheng Media Group Holdings Ltd (BAOS) | $74.06 Million | -9.11% | 0.27x | $4.04 Million |
| Clear Channel Outdoor Holdings Inc (CCO) | $-3.26 Billion | 0.00% | 0.00x | $1.18 Billion |
| Cardlytics Inc (CDLX) | $143.27 Million | -11.97% | 0.57x | $47.92 Million |
| Cheer Holding Inc. (CHR) | $252.39 Million | 5.11% | 0.00x | $5.39 Million |
| ZW Data Action Technologies Inc (CNET) | $35.91 Million | -38.26% | 0.32x | $2.37 Million |
About Lendway Inc.
Lendway, Inc., a specialty agricultural company, through its subsidiaries, focuses on making and managing its agricultural investments in the United States and internationally. It produces and sells fresh-cut tulips. The company was formerly known as Insignia Systems, Inc. and changed its name to Lendway, Inc. in August 2023. Lendway, Inc. was incorporated in 1990 and is headquartered in Minneapo… Read more