---
title: "Ludwig Enterprises, Inc. (LUDG.US) — Financial Reports"
type: "Symbol"
locale: "en"
url: "https://longbridge.com/en/quote/LUDG.US/norm.md"
symbol: "LUDG.US"
name: "Ludwig Enterprises, Inc."
parent: "https://longbridge.com/en/quote/LUDG.US.md"
datetime: "2026-03-16T23:16:01.225Z"
locales:
  - [en](https://longbridge.com/en/quote/LUDG.US/norm.md)
  - [zh-CN](https://longbridge.com/zh-CN/quote/LUDG.US/norm.md)
  - [zh-HK](https://longbridge.com/zh-HK/quote/LUDG.US/norm.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/quote/LUDG.US/norm.md) | [繁體中文](https://longbridge.com/zh-HK/quote/LUDG.US/norm.md)


# Ludwig Enterprises, Inc. (LUDG.US) — Financial Reports

## Income Statement (USD)

| Indicator | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 |
| --- | --- | --- | --- | --- | --- |
| EPS | 0.0002 | -0.0040 | -0.0034 | - | -0.0056 |
| ROE | -3.72% | 84.22% | 84.11% | - | 137.62% |
| Revenue | - | - | - | - | 207.00 |
| Net income | 31252.00 | -649444.00 | -540943.00 | - | -885942.00 |
| Operating income | -371364.00 | -585622.00 | -524921.00 | - | -354540.00 |
| Gross margin | - | - | - | - | 100.00% |
| Net margin | - | - | - | - | -427991.30% |
| Profit quality | - | - | - | - | - |

## Balance Sheet (USD)

| Indicator | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 |
| --- | --- | --- | --- | --- | --- |
| A&L | 261594.00 | 401274.00 | 252933.00 | 197556.00 | 136869.00 |
| Leverage | -0.0790 | -0.1179 | -0.0919 | -0.0831 | -0.0588 |
| BVPS | -0.0204 | -0.0211 | -0.0171 | -0.0149 | -0.0146 |
| Turnover | 0.0000 | 0.0006 | 0.0007 | 0.0014 | 0.0029 |
| Cash & STI | 3317.00 | 142474.00 | 16571.00 | 6741.00 | 43352.00 |
| Inv & Rec | 4529.00 | 3048.00 | 3048.00 | 3048.00 | - |
| LT assets | - | - | - | - | - |
| Net debt | 1.99M | 1.66M | 2.09M | 1.95M | 1.86M |

## Cash Flow Statement (USD)

| Indicator | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 |
| --- | --- | --- | --- | --- | --- |
| Operating CF | -131022.00 | -411235.00 | -89562.00 | - | -192555.00 |
| Investing CF | -8135.00 | -620.00 | - | - | - |
| Financing CF | 0.0000 | 537758.00 | 99392.00 | - | 34000.00 |
| Free CF | -651650.00 | 709833.00 | 70538.00 | - | -206825.00 |
| OCF coverage | 21132.58% | -364.96% | - | - | -350.10% |
| Repaid & issued | 0.0000 | 650000.00 | 152159.00 | - | 94000.00 |
| CapEx | 620.00 | -620.00 | - | - | - |