Valuation for MDEX - findataslice

	Madison Technologies Inc. (MDEX)
	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			2025-Dec-31	2025-Sep-30	2025-Jun-30	2025-Mar-31	2024-Dec-31				2023-Dec-31	2023-Sep-30	2023-Jun-30	2023-Mar-31								2021-Mar-31	2020-Dec-31	2020-Sep-30	2020-Jun-30	2020-Mar-31	2019-Dec-31	2019-Sep-30	2019-Jun-30	2019-Mar-31	2018-Dec-31	2018-Sep-30	2018-Jun-30	2018-Mar-31	2017-Dec-31	2017-Sep-30	2017-Jun-30	2017-Mar-31	2016-Dec-31	2016-Sep-30	2016-Jun-30	2016-Mar-31	2015-Dec-31	2015-Sep-30	2015-Jun-30	2015-Mar-31	2014-Dec-31	2014-Sep-30	2014-Jun-30
Fiscal Period			Q4-FY2025	Q3-FY2025	Q2-FY2025	Q1-FY2025	Q4-FY2024				Q4-FY2023	Q3-FY2023	Q2-FY2023	Q1-FY2023								Q1-FY2021	Q4-FY2020	Q3-FY2020	Q2-FY2020	Q1-FY2020	Q4-FY2019	Q3-FY2019	Q2-FY2019	Q1-FY2019	Q4-FY2018	Q3-FY2018	Q2-FY2018	Q1-FY2018	Q4-FY2017	Q3-FY2017	Q2-FY2017	Q1-FY2017	Q4-FY2016	Q3-FY2016	Q2-FY2016	Q1-FY2016	Q4-FY2015	Q3-FY2015	Q2-FY2015	Q1-FY2015	Q4-FY2014	Q3-FY2014	Q2-FY2014
Close Price of Common Stock
Market Cap of Common Stock
QoQ%
YoY%
Common Shares Outstanding	1,678,095,243		1,678,095,243	1,603,095,243	1,603,095,243	1,603,095,243	1,678,095,243	1,603,095,243	1,603,095,243	1,603,095,243	1,603,095,243	1,603,095,243	1,603,095,243	1,603,095,243	1,603,095,243	1,599,095,027	1,599,095,027	1,599,095,027	1,599,095,027		24,972,565	23,472,565	23,472,565	19,842,565	18,057,565	18,057,565	18,057,565	18,057,565	16,757,565	16,757,565	16,757,565	16,757,565	16,757,565	16,757,565	12,257,565	12,257,556	11,302,000	11,302,000	11,302,000	11,302,000	11,302,000	11,302,000	11,302,000	11,302,000	11,302,000	113,020,000	11,302,000	113,020,000	113,020,000
QoQ%			4.68%	.00%	.00%	(4.47%)	4.68%	.00%	.00%	.00%	.00%	.00%	.00%	.00%	.25%	.00%	.00%	.00%			6.39%	.00%	18.29%	9.89%	.00%	.00%	.00%	7.76%	.00%	.00%	.00%	.00%	.00%	36.71%	.00%	8.46%	.00%	.00%	.00%	.00%	.00%	.00%	.00%	.00%	(90.00%)	900.00%	(90.00%)	.00%	.00%
YoY%	4.68%		.00%	.00%	.00%	.00%	4.68%	.00%	.00%	.00%	.00%	.25%	.25%	.25%	.25%		6,303.41%	6,712.61%	6,712.61%		38.29%	29.99%	29.99%	9.89%	7.76%	7.76%	7.76%	7.76%	.00%	.00%	36.71%	36.71%	48.27%	48.27%	8.46%	8.46%	.00%	.00%	.00%	.00%	.00%	.00%	.00%	(90.00%)	(90.00%)	.00%	.00%	.00%	.00%
Price to Sales
Price to Earnings
Price to Book
Total Revenue																							210$	210$	199$	754$	1,934$	1,371$	873$	806$	580$	724$	1,546$	1,576$	420$	1,456$	3,378$	1,420$	221$	0$	0$				0$			0$	0$
QoQ%																							.00%	5.53%	(73.61%)	(61.01%)	41.07%	57.05%	8.31%	38.97%	(19.89%)	(53.17%)	(1.90%)	275.24%	(71.15%)	(56.90%)	137.89%	542.53%	.00%	.00%								.00%	.00%
YoY%																							(89.14%)	(84.68%)	(77.21%)	(6.45%)	233.45%	89.37%	(43.53%)	(48.86%)	38.10%	(50.28%)	(54.23%)	10.99%	90.05%	.00%	.00%				.00%				.00%			.00%	.00%
TTM																							1,373$	3,097$	4,258$	4,932$	4,984$	3,630$	2,983$	3,656$	4,426$	4,266$	4,998$	6,830$	6,674$	6,475$	5,019$	1,641$
TTM_QoQ%																							(55.67%)	(27.27%)	(13.67%)	(1.04%)	37.30%	21.69%	(18.41%)	(17.40%)	3.75%	(14.65%)	(26.82%)	2.34%	3.07%	29.01%	205.85%
TTM_YoY%																							(72.45%)	(14.68%)	42.74%	34.90%	12.61%	(14.91%)	(40.32%)	(46.47%)	(33.68%)	(34.12%)	(.42%)	316.21%
Gross Margin																							84.29%	85.24%	43.22%	17.91%	22.29%	65.65%	43.30%	23.95%	(21.90%)	81.49%	38.10%	53.74%	63.81%	45.19%	11.07%	60.78%	71.95%
QoQ																							(.95%)	42.02%	25.31%	(4.38%)	(43.36%)	22.35%	19.35%	45.84%	(103.39%)	43.39%	(15.65%)	(10.07%)	18.62%	34.12%	(49.70%)	(11.17%)
YoY																							62.00%	19.59%	(.08%)	(6.04%)	44.18%	(15.85%)	5.20%	(29.80%)	(85.71%)	36.30%	27.03%	(7.03%)	(8.14%)
Operating Income			(219,848$)	(41,614$)	(120,316$)	(117,880$)	(65,258$)	(21,705$)	(75,026$)	(140,175$)	(108,429$)	0$	(192$)	(458,570$)	(1,842,255$)	(337,287$)	(766,654$)	(708,307$)
QoQ%			(428.30%)	65.41%	(2.07%)	(80.64%)	(200.66%)	71.07%	46.48%	(29.28%)	.00%	100.00%	99.96%	75.11%	(446.20%)	56.01%	(8.24%)
YoY%			(236.89%)	(91.73%)	(60.37%)	15.91%	39.82%	.00%	(38,976.04%)	69.43%	94.11%	100.00%	99.98%	35.26%
TTM			(499,658$)	(345,068$)	(325,159$)	(279,869$)	(302,164$)	(345,335$)	(323,630$)	(248,796$)	(567,191$)	(2,301,017$)	(2,638,304$)	(3,404,766$)	(3,654,503$)
TTM_QoQ%			(44.80%)	(6.12%)	(16.18%)	7.38%	12.50%	(6.71%)	(30.08%)	56.14%	75.35%	12.78%	22.51%	6.83%
TTM_YoY%			(65.36%)	.08%	(.47%)	(12.49%)	46.73%	84.99%	87.73%	92.69%	84.48%
Operating Margin
QoQ
YoY
Net Income			(906,309$)	(646,355$)	(718,482$)	(709,477$)	(669,999$)	(626,446$)	(673,192$)	(830,912$)	18,183,385$	(1,034,496$)	(1,079,173$)	(10,768,418$)	19,858,825$	(1,879,273$)	(2,533,470$)	(2,536,688$)				(856,777$)	(726,260$)	(165,714$)	(11,080$)	(7,109$)	(14,625$)	(7,838$)	(9,198$)	(10,602$)	(11,509$)	(13,677$)	(13,317$)	(15,403$)	(16,641$)	(12,320$)	(10,846$)	(13,467$)	(6,202$)	(12,200$)	(10,460$)	(13,296$)	(18,350$)	(8,673$)	(14,775$)	(22,685$)	(23,575$)	(22,572$)	(25,463$)
QoQ%			(40.22%)	10.04%	(1.27%)	(5.89%)	(6.95%)	6.94%	18.98%	(104.57%)	1,857.71%	4.14%	89.98%	(154.23%)	1,156.73%	25.82%	.13%					(17.97%)	(338.26%)	(1,395.61%)	(55.86%)	51.39%	(86.59%)	14.79%	13.24%	7.88%	15.85%	(2.70%)	13.54%	7.44%	(35.07%)	(13.59%)	19.46%	(117.14%)	49.16%	(16.64%)	21.33%	27.54%	(111.58%)	41.30%	34.87%	3.78%	(4.44%)	11.35%	(151.98%)
YoY%			(35.27%)	(3.18%)	(6.73%)	14.62%	(103.69%)	39.44%	37.62%	92.28%	(8.44%)	44.95%	57.40%	(324.51%)				(196.07%)				(11,952.01%)	(4,865.88%)	(2,014.24%)	(20.46%)	32.95%	(27.07%)	42.69%	30.93%	31.17%	30.84%	(11.02%)	(22.78%)	(14.38%)	(168.32%)	(.98%)	(3.69%)	(1.29%)	66.20%	(40.67%)	29.21%	41.39%	22.16%	61.58%	41.98%	(124.49%)	(83.52%)	(153.45%)	(179.05%)
TTM			(2,980,623$)	(2,744,313$)	(2,724,404$)	(2,679,114$)	(2,800,549$)	16,052,835$	15,644,785$	15,238,804$	5,301,298$	6,976,738$	6,131,961$	4,677,664$	12,909,394$							(1,759,831$)	(910,163$)	(198,528$)	(40,652$)	(38,770$)	(42,263$)	(39,147$)	(44,986$)	(49,105$)	(53,906$)	(59,038$)	(57,681$)	(55,210$)	(53,274$)	(42,835$)	(42,715$)	(42,329$)	(42,158$)	(54,306$)	(50,779$)	(55,094$)	(64,483$)	(69,708$)	(83,607$)	(94,295$)	(81,715$)	(70,986$)	(57,320$)
TTM_QoQ%			(8.61%)	(.73%)	(1.69%)	4.34%	(117.45%)	2.61%	2.66%	187.45%	(24.02%)	13.78%	31.09%	(63.77%)								(93.35%)	(358.46%)	(388.36%)	(4.85%)	8.27%	(7.96%)	12.98%	8.39%	8.91%	8.69%	(2.35%)	(4.48%)	(3.63%)	(24.37%)	(.28%)	(.91%)	(.41%)	22.37%	(6.95%)	7.83%	14.56%	7.50%	16.62%	11.34%	(15.40%)	(15.11%)	(23.84%)	(39.87%)
TTM_YoY%			(6.43%)	(117.10%)	(117.41%)	(117.58%)	(152.83%)	130.09%	155.14%	225.78%	(58.94%)											(4,439.16%)	(2,053.57%)	(407.14%)	9.63%	21.05%	21.60%	33.69%	22.01%	11.06%	(1.19%)	(37.83%)	(35.04%)	(30.43%)	(26.37%)	21.12%	15.88%	23.17%	34.62%	22.10%	39.27%	41.57%	21.09%	1.80%	(45.86%)	(130.09%)	(102.43%)	(25.59%)	(5.60%)
Profit Margin																							(345,838.10%)	(78,911.43%)	(5,567.84%)	(942.84%)	(756.21%)	(571.70%)	(1,053.61%)	(1,315.39%)	(1,984.31%)	(1,889.09%)	(861.38%)	(977.35%)	(3,962.14%)	(846.15%)	(321.08%)	(948.38%)	(2,806.34%)
QoQ																							(266,926.67%)	(73,343.59%)	(4,625.00%)	(186.63%)	(184.51%)	481.91%	261.78%	668.93%	(95.22%)	(1,027.70%)	115.96%	2,984.80%	(3,115.99%)	(525.08%)	627.30%	1,857.96%
YoY																							(345,081.89%)	(78,339.73%)	(4,514.23%)	372.55%	1,228.11%	1,317.39%	(192.22%)	(338.04%)	1,977.83%	(1,042.93%)	(540.31%)	(28.97%)	(1,155.81%)
Equity to Common Shareholders			(23,310,668$)	(22,460,609$)	(21,814,254$)	(21,095,772$)	(20,386,294$)	(19,716,296$)	(19,089,850$)	(18,416,658$)	(17,585,746$)	(29,616,658$)	(28,582,160$)	(27,502,989$)	(12,372,123$)	(10,652,096$)	(8,744,822$)	6,211,353$	(3,674,665$)			4,418,600$	(157,900$)	(71,336$)	(376,566$)	(365,486$)	(358,377$)	(343,752$)	(335,914$)	(326,716$)	(366,114$)	(354,605$)	(340,928$)	(327,611$)	(377,208$)	(310,536$)	(311,921$)	(294,244$)	(368,935$)	(262,421$)	(270,697$)	(281,210$)	(323,667$)	(248,473$)	(242,481$)	(226,933$)	(232,120$)	(160,042$)	(139,142$)
QoQ			(850,059$)	(646,355$)	(718,482$)	(709,478$)	(669,998$)	(626,446$)	(673,192$)	(830,912$)	12,030,912$	(1,034,498$)	(1,079,171$)	(15,130,866$)	(1,720,027$)	(1,907,274$)	(14,956,175$)	9,886,018$				4,576,500$	(86,564$)	305,230$	(11,080$)	(7,109$)	(14,625$)	(7,838$)	(9,198$)	39,398$	(11,509$)	(13,677$)	(13,317$)	49,597$	(66,672$)	1,385$	(17,677$)	74,691$	(106,514$)	8,276$	10,513$	42,457$	(75,194$)	(5,992$)	(15,548$)	5,187$	(72,078$)	(20,900$)	48,191$
QoQ%			(3.79%)	(2.96%)	(3.41%)	(3.48%)	(3.40%)	(3.28%)	(3.66%)	(4.73%)	40.62%	(3.62%)	(3.92%)	(122.30%)	(16.15%)	(21.81%)	(240.79%)	269.03%				2,898.35%	(121.35%)	81.06%	(3.03%)	(1.98%)	(4.26%)	(2.33%)	(2.82%)	10.76%	(3.25%)	(4.01%)	(4.07%)	13.15%	(21.47%)	.44%	(6.01%)	20.25%	(40.59%)	3.06%	3.74%	13.12%	(30.26%)	(2.47%)	(6.85%)	2.24%	(45.04%)	(15.02%)	25.73%
YoY			(2,924,374$)	(2,744,313$)	(2,724,404$)	(2,679,114$)	(2,800,548$)	9,900,362$	9,492,310$	9,086,331$	(5,213,623$)	(18,964,562$)	(19,837,338$)	(33,714,342$)	(8,697,458$)			1,792,753$	(3,516,765$)			4,784,086$	200,477$	272,416$	(40,652$)	(38,770$)	7,737$	10,853$	5,014$	895$	11,094$	(44,069$)	(29,007$)	(33,367$)	(8,273$)	(48,115$)	(41,224$)	(13,034$)	(45,268$)	(13,948$)	(28,216$)	(54,277$)	(91,547$)	(88,431$)	(103,339$)	(39,600$)	(53,648$)	6,971$	18,185$
YoY%			(14.35%)	(13.92%)	(14.27%)	(14.55%)	(15.93%)	33.43%	33.21%	33.04%	(42.14%)	(178.04%)	(226.85%)	(542.79%)	(236.69%)			40.57%	(2,227.21%)			1,308.97%	55.94%	79.25%	(12.10%)	(11.87%)	2.11%	3.06%	1.47%	.27%	2.94%	(14.19%)	(9.30%)	(11.34%)	(2.24%)	(18.34%)	(15.23%)	(4.64%)	(13.99%)	(5.61%)	(11.64%)	(23.92%)	(39.44%)	(55.26%)	(74.27%)	(21.14%)	(30.06%)	4.17%	11.56%
Dividends Paid
Additional Paid-In Capital QoQ			(18,750$)	0$	0$	0$					(881,776$)	0$	0$	969,451$																																		25,000$	0$
Treasury Stock
QoQ
Goodwill																						4,225,062$
QoQ%
YoY%
Other Intangible Assets																						398,123$	433,407$	328,857$									5,260$	11,510$	17,760$	24,010$	30,260$	36,510$	42,760$	50,000$
QoQ																						(35,284$)	104,550$										(6,250$)	(6,250$)	(6,250$)	(6,250$)	(6,250$)	(6,250$)	(7,240$)
Amortization of Intangible Assets																						35,284$	43,803$								0$	5,260$	6,250$	6,250$	6,250$	6,250$	6,250$	6,250$
Total Assets			130,568$	16,389$	51,275$	90,921$	130,568$							593$	11,739,053$							20,070,698$	510,616$	402,047$	29,015$	19,600$	6,544$	14,228$	30,340$	35,376$	5,543$	8,058$	16,447$	30,163$	21,041$	28,730$	40,610$	48,783$	57,019$	57,541$	618$	436$	501$	564$	2,392$	23,374$	3,230$	56,408$	72,755$
QoQ			114,179$	(34,886$)	(39,646$)	(39,647$)								(11,738,561$)								19,560,082$	108,569$	373,032$	9,415$	13,056$	(7,684$)	(16,112$)	(5,036$)	29,833$	(2,515$)	(8,389$)	(13,716$)	9,122$	(7,689$)	(11,880$)	(8,173$)	(8,236$)	(522$)	56,923$	182$	(65$)	(63$)	(1,828$)	(20,982$)	20,144$	(53,178$)	(16,347$)	71,456$
YoY			0$																			20,051,098$	504,072$	387,819$	(1,325$)	(15,776$)	1,001$	6,170$	13,893$	5,213$	(15,498$)	(20,672$)	(24,163$)	(18,620$)	(35,978$)	(28,811$)	39,992$	48,347$	56,518$	56,977$	(1,774$)	(22,938$)	(2,729$)	(55,844$)	(70,363$)	22,075$	(6,711$)	42,440$	58,717$
Total Liabilities			23,441,236$	22,476,998$	21,865,529$	21,186,693$	20,516,862$				17,585,746$	29,615,310$	28,580,812$	27,502,234$	24,111,176$							15,652,098$	668,516$	473,383$	405,581$	385,086$	364,921$	357,980$	366,254$	362,092$	371,657$	362,663$	357,375$	357,774$	398,249$	339,266$	352,531$	343,027$	425,954$	319,962$	271,315$	281,646$	266,251$	249,037$	244,873$	250,307$	235,350$	216,450$	211,897$
QoQ			964,238$	611,469$	678,836$	669,831$					(12,029,564$)	1,034,498$	1,078,578$	3,391,058$								14,983,582$	195,133$	67,802$	20,495$	20,165$	6,941$	(8,274$)	4,162$	(9,565$)	8,994$	5,288$	(399$)	(40,475$)	58,983$	(13,265$)	9,504$	(82,927$)	105,992$	48,647$	(10,331$)	15,395$	17,214$	4,164$	(5,434$)	14,957$	18,900$	4,553$	23,265$
YoY			2,924,374$				2,931,116$				(6,525,430$)											15,267,012$	303,595$	115,403$	39,327$	22,994$	(6,736$)	(4,683$)	8,879$	4,318$	(26,592$)	23,397$	4,844$	14,747$	(27,705$)	19,304$	81,216$	61,381$	159,703$	70,925$	26,442$	31,339$	30,901$	32,587$	32,976$	61,675$	46,937$	35,469$	40,532$
Current Ratio																						25.57x	.13x				.02x
Total Current Assets														593$	11,739,053$							15,447,513$	77,209$	73,190$	29,015$	19,600$	6,544$	14,228$	30,340$	35,376$	5,543$	8,058$	11,187$	18,653$	3,281$	4,720$	10,350$	12,273$	14,259$	7,541$			501$					6,408$	22,755$
QoQ														(11,738,461$)								15,370,304$	4,019$	44,175$	9,415$	13,056$	(7,684$)	(16,112$)	(5,036$)	29,833$	(2,515$)	(3,129$)	(7,466$)	15,372$	(1,439$)	(5,630$)	(1,923$)	(1,986$)	6,718$									(16,347$)
Total Current Liabilities																						604,099$	610,757$				364,921$
QoQ																						(6,658$)
Debt to Asset Ratio			179.53x	1,371.47x	426.44x	233.02x	157.14x							46,378.13x	2.05x							.78x	1.31x	1.18x	13.98x	19.65x	55.76x	25.16x	12.07x	10.24x	67.05x	45.01x	21.73x	11.86x	18.93x	11.81x	8.68x	7.03x	7.47x	5.56x	439.02x	645.98x	531.44x	441.55x	102.37x	10.71x	72.86x	3.84x	2.91x
Long Term Debt
QoQ
YoY
Capital Lease Obligations
Cash and Cash Equivalents																								6,357$	5,015$	6,862$	1,366$	5,276$	17,281$	23,376$	2,543$	2,058$	2,187$	6,653$	3,281$	4,720$	10,350$	12,273$	14,259$	7,541$	618$	436$	501$	564$	2,392$	23,374$	3,230$	6,408$	22,755$
QoQ																								1,342$	(1,847$)	5,496$	(3,910$)	(12,005$)	(6,095$)	20,833$	485$	(129$)	(4,466$)	3,372$	(1,439$)	(5,630$)	(1,923$)	(1,986$)	6,718$	6,923$	182$	(65$)	(63$)	(1,828$)	(20,982$)	20,144$	(3,178$)	(16,347$)	21,456$
YoY																								1,081$	(12,266$)	(16,514$)	(1,177$)	3,218$	15,094$	16,723$	(738$)	(2,662$)	(8,163$)	(5,620$)	(10,978$)	(2,821$)	9,732$	11,837$	13,758$	6,977$	(1,774$)	(22,938$)	(2,729$)	(5,844$)	(20,363$)	22,075$	(6,711$)	(7,560$)	8,717$
Interest Expenses			686,461$	604,741$	598,166$	591,597$	604,741$	604,741$	598,166$	560,511$	(829,441$)	1,034,496$	1,078,981$	1,135,202$	(873,052$)	1,450,495$	1,496,379$	1,520,001$
Interest Income