• Income Statement
• Balance Sheet
• Cash Flow
• Ratios
• Market Data
• Valuation

	LUDWIG ENTERPRISES, INC. (LUDG)
	Q2-CY2026	Q1-CY2026	Q4-CY2025	Q3-CY2025	Q2-CY2025	Q1-CY2025	Q4-CY2024	Q3-CY2024	Q2-CY2024	Q1-CY2024	Q4-CY2023	Q3-CY2023	Q2-CY2023	Q1-CY2023	Q4-CY2022	Q3-CY2022	Q2-CY2022	Q1-CY2022	Q4-CY2021	Q3-CY2021	Q2-CY2021	Q1-CY2021	Q4-CY2020	Q3-CY2020	Q2-CY2020	Q1-CY2020	Q4-CY2019	Q3-CY2019	Q2-CY2019	Q1-CY2019	Q4-CY2018	Q3-CY2018	Q2-CY2018	Q1-CY2018	Q4-CY2017	Q3-CY2017	Q2-CY2017	Q1-CY2017	Q4-CY2016	Q3-CY2016	Q2-CY2016	Q1-CY2016	Q4-CY2015	Q3-CY2015	Q2-CY2015	Q1-CY2015	Q4-CY2014	Q3-CY2014	Q2-CY2014
Balance Sheet Date		2026-Mar-31	2025-Dec-31	2025-Sep-30	2025-Jun-30	2025-Mar-31	2024-Dec-31	2024-Sep-30	2024-Jun-30	2024-Mar-31	2023-Dec-31
Fiscal Period		Q1-FY2026	Q4-FY2025	Q3-FY2025	Q2-FY2025	Q1-FY2025	Q4-FY2024	Q3-FY2024	Q2-FY2024	Q1-FY2024	Q4-FY2023
Close Price of Common Stock
Market Cap of Common Stock
QoQ%
YoY%
Common Shares Outstanding	167,166,897	167,166,897	162,569,807	162,569,807	161,569,807	161,569,807	160,512,807	159,912,808	159,019,808	155,464,808	155,464,808	323,570,966	323,360,966	316,678,929	315,188,929
QoQ%	.00%	2.83%	.00%	.62%	.00%	.66%	.38%	.56%	2.29%	.00%	(51.95%)	.07%	2.11%	.47%
YoY%	3.46%	3.46%	1.28%	1.66%	1.60%	3.93%	3.25%	(50.58%)	(50.82%)	(50.91%)	(50.68%)
Price to Sales
Price to Earnings
Price to Book
Total Revenue							0$	207$	0$	10$
QoQ%							(100.00%)	.00%	(100.00%)
YoY%
TTM							217$
TTM_QoQ%
TTM_YoY%
Gross Margin							919.21%	(182,399.52%)		100.00%
QoQ							183,318.72%
YoY
Operating Income		(564,979$)	(292,773$)	(371,364$)	(585,622$)	(524,921$)	(276,722$)	(354,540$)	(301,348$)	(365,579$)	(101,725$)	(195,570$)	(257,946$)	820,520$
QoQ%		(92.98%)	21.16%	36.59%	(11.56%)	(89.69%)	21.95%	(17.65%)	17.57%	(259.38%)	47.99%	24.18%	(131.44%)
YoY%		(7.63%)	(5.80%)	(4.75%)	(94.33%)	(43.59%)	(172.03%)	(81.29%)	(16.83%)	(144.56%)
TTM		(1,814,738$)	(1,774,680$)	(1,758,629$)	(1,741,805$)	(1,457,531$)	(1,298,189$)	(1,123,192$)	(964,222$)	(920,820$)	265,279$
TTM_QoQ%		(2.26%)	(.91%)	(.97%)	(19.50%)	(12.27%)	(15.58%)	(16.49%)	(4.71%)	(447.11%)
TTM_YoY%		(24.51%)	(36.70%)	(56.57%)	(80.64%)	(58.29%)	(589.37%)
Operating Margin							402.22%	(171,275.36%)		(3,655,790.00%)
QoQ							171,677.59%
YoY
Net Income		218,847$	(1,077,298$)	31,252$	(649,444$)	(540,943$)	(155,871$)	(885,942$)	(364,191$)	(1,610,880$)	(449,808$)	(447,466$)	(583,447$)	(975,829$)
QoQ%		120.31%	(3,547.13%)	104.81%	(20.06%)	(247.05%)	82.41%	(143.26%)	77.39%	(258.13%)	(.52%)	23.31%	40.21%
YoY%		140.46%	(591.15%)	103.53%	(78.33%)	66.42%	65.35%	(97.99%)	37.58%	(65.08%)
TTM		(1,476,643$)	(2,236,433$)	(1,315,006$)	(2,232,200$)	(1,946,947$)	(3,016,884$)	(3,310,821$)	(2,872,345$)	(3,091,601$)	(2,456,550$)
TTM_QoQ%		33.97%	(70.07%)	41.09%	(14.65%)	35.47%	8.88%	(15.27%)	7.09%	(25.85%)
TTM_YoY%		24.16%	25.87%	60.28%	22.29%	37.03%	(22.81%)
Profit Margin							1,195.61%	(427,991.30%)		(16,108,800.00%)
QoQ							429,186.91%
YoY
Equity to Common Shareholders		(4,028,695$)	(4,388,206$)	(3,310,908$)	(3,402,160$)	(2,752,716$)	(2,378,145$)	(2,329,074$)	(2,011,756$)	(1,647,565$)	(1,461,565$)	(1,345,194$)	(997,345$)	(1,255,596$)	(826,167$)
QoQ		359,511$	(1,077,298$)	91,252$	(649,444$)	(374,571$)	(49,071$)	(317,318$)	(364,191$)	(186,000$)	(116,371$)	(347,849$)	258,251$	(429,429$)
QoQ%		8.19%	(32.54%)	2.68%	(23.59%)	(15.75%)	(2.11%)	(15.77%)	(22.11%)	(12.73%)	(8.65%)	(34.88%)	20.57%	(51.98%)
YoY		(1,275,979$)	(2,010,061$)	(981,834$)	(1,390,404$)	(1,105,151$)	(916,580$)	(983,880$)	(1,014,411$)	(391,969$)	(635,398$)
YoY%		(46.35%)	(84.52%)	(42.16%)	(69.11%)	(67.08%)	(62.71%)	(73.14%)	(101.71%)	(31.22%)	(76.91%)
Dividends Paid
Additional Paid-In Capital QoQ		136,067$	0$	59,000$	0$	165,315$	146,200$	527,731$	744,195$	677,130$
Treasury Stock
QoQ
Goodwill
QoQ%
YoY%
Other Intangible Assets		9,166$	9,166$	8,755$	620$
QoQ		0$	411$	8,135$
Amortization of Intangible Assets
Total Assets		1,264,572$	247,527$	261,594$	401,274$	252,933$	197,556$	136,869$	246,160$	349,603$	112,468$				516,195$
QoQ		1,017,045$	(14,067$)	(139,680$)	148,341$	55,377$	60,687$	(109,291$)	(103,443$)	237,135$
YoY		1,011,639$	49,971$	124,725$	155,114$	(96,670$)	85,088$				(403,727$)
Total Liabilities		5,293,267$	4,635,733$	3,572,502$	3,803,434$	3,005,649$	2,575,701$	2,465,943$	2,257,916$	1,997,168$	1,574,033$				1,342,362$
QoQ		657,534$	1,063,231$	(230,932$)	797,785$	429,948$	109,758$	208,027$	260,748$	423,135$
YoY		2,287,618$	2,060,032$	1,106,559$	1,545,518$	1,008,481$	1,001,668$				231,671$
Current Ratio		.05x	.05x	.07x	.11x	.08x	.08x	.06x	.11x	.18x	.07x				.38x
Total Current Assets		255,406$	238,361$	252,839$	400,654$	252,933$	197,556$	136,869$	246,160$	349,603$	112,468$				516,195$
QoQ		17,045$	(14,478$)	(147,815$)	147,721$	55,377$	60,687$	(109,291$)	(103,443$)	237,135$
Total Current Liabilities		5,293,267$	4,635,733$	3,572,502$	3,803,434$	3,005,649$	2,575,701$	2,465,943$	2,257,916$	1,997,168$	1,574,033$				1,342,362$
QoQ		657,534$	1,063,231$	(230,932$)	797,785$	429,948$	109,758$	208,027$	260,748$	423,135$
Debt to Asset Ratio		4.19x	18.73x	13.66x	9.48x	11.88x	13.04x	18.02x	9.17x	5.71x	14.00x				2.60x
Long Term Debt										405,000$	100,000$				1,232,857$
QoQ										305,000$
YoY											(1,132,857$)
Capital Lease Obligations
Cash and Cash Equivalents		18,323$	0$				217$
QoQ		18,323$
YoY			(217$)
Interest Expenses								16,815$	14,162$	7,635$	6,539$	4,003$	2,600$	2,572$
Interest Income			0$	2,000$	2,000$	2,000$

Copy Table ✓