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ELWS

Earlyworks Co., Ltd

Price Chart

No historical data available

Latest Quote

$7.06

+0.57 (+8.87%)
Current Price
Previous Close $6.49
Open $6.45
Day High $7.36
Day Low $5.25
Volume 74,434
Fetched: 2026-03-12T23:33:22
Stock Information
Note: Financial values converted from JPY to USD
Shares Outstanding 3.05M
Total Debt $325K
Cash Equivalents $675K
Revenue $2.76M
Net Income $-1.61M
Sector Technology
Industry Software - Application
Market Cap $21.54M
EPS (TTM) $-0.54
Exchange NCM
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Recent Price History
No history data available. Data will be fetched automatically.
About Earlyworks Co., Ltd

Earlyworks Co., Ltd operates as a blockchain-based technology company in Japan. The company builds products; delivers services; and develops solutions based on grid ledger system for blockchain technology in various business settings, including advertisement tracking, online visitor management, and sales of non-fungible tokens. It also provides software and system development; and consulting and solution services. The company serves the information technology, metaverse, advertisement, real estate, telecommunication, and entertainment industries. Earlyworks Co., Ltd was incorporated in 2018 and is headquartered in Tokyo, Japan.

Period:
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Income Statement (Annual)
Metric 2025-04-30 2024-04-30 2023-04-30 2022-04-30
Revenue
Reconciled Cost Of Revenue $213,258,663 $37,582,914 $30,502,236 $108,379,683
Cost Of Revenue $213,258,663 $37,582,914 $30,502,236 $108,379,683
Total Revenue $440,361,163 $179,355,651 $46,568,529 $463,718,851
Operating Revenue $440,361,163 $179,355,651 $46,568,529 $463,718,851
Expenses
Interest Expense $1,716,856 $1,589,399 $2,699,144 $1,258,722
Total Expenses $684,959,405 $560,842,111 $434,997,152 $1,035,837,661
Rent Expense Supplemental $9,538,362 $6,349,275 $6,414,519 $8,686,495
Other Income Expense $-10,381,848 $46,736,691 $-400,252 $-155,434
Other Non Operating Income Expenses $1,159 $132,317 $6,864 $-155,434
Net Non Operating Interest Income Expense $-1,716,856 $-1,589,399 $-2,699,144 $-1,258,722
Interest Expense Non Operating $1,716,856 $1,589,399 $2,699,144 $1,258,722
Operating Expense $471,700,742 $523,259,197 $404,494,916 $927,457,978
Other Operating Expenses $-1,255,000 - - -
Selling And Marketing Expense $45,743,248 $34,355,544 $29,855,131 $0
General And Administrative Expense $382,466,127 $405,739,102 $265,384,201 $894,148,316
Income & Earnings
Net Income From Continuing Operation Net Minority Interest $-256,696,946 $-336,150,672 $-382,305,039 $-602,474,568
Net Interest Income $-1,716,856 $-1,589,399 $-2,699,144 $-1,258,722
Normalized Income $-246,313,939 $-382,708,442 $-381,907,694 $-602,474,568
Net Income From Continuing And Discontinued Operation $-256,696,946 $-336,150,672 $-382,305,039 $-602,474,568
Total Operating Income As Reported $-245,853,242 $-381,486,460 $-388,428,623 $-572,118,810
Net Income Common Stockholders $-256,696,946 $-336,150,672 $-382,305,039 $-602,474,568
Net Income $-256,696,946 $-336,150,672 $-382,305,039 $-602,474,568
Net Income Including Noncontrolling Interests $-256,696,946 $-336,150,672 $-382,305,039 $-602,474,568
Net Income Continuous Operations $-256,696,946 $-336,150,672 $-382,305,039 $-602,474,568
Pretax Income $-256,696,946 $-336,339,168 $-391,528,019 $-573,532,966
Special Income Charges $-156,213 $-61,860 $-629,195 $0
Operating Income $-244,598,242 $-381,486,460 $-388,428,623 $-572,118,810
Gross Profit $227,102,500 $141,772,737 $16,066,293 $355,339,168
Earnings From Equity Interest - - $0 $0
Per Share
Diluted EPS - $-157.70 $-138.10 $-217.67
Basic EPS - $-157.70 $-138.10 $-217.67
Other
Tax Effect Of Unusual Items $0 $46,604 $-9,771 $0
Tax Rate For Calcs $0 $0 $0 $0
Normalized EBITDA (Bullshit earnings) $-242,589,966 $-380,270,821 $-387,643,148 $-571,964,736
Total Unusual Items $-10,383,007 $46,604,374 $-407,116 $0
Total Unusual Items Excluding Goodwill $-10,383,007 $46,604,374 $-407,116 $0
Reconciled Depreciation $2,007,117 $1,083,322 $778,611 $309,508
EBITDA (Bullshit earnings) $-252,972,973 $-333,666,447 $-388,050,264 $-571,964,736
EBIT $-254,980,090 $-334,749,769 $-388,828,875 $-572,274,244
Diluted NI Availto Com Stockholders $-256,696,946 $-336,150,672 $-382,305,039 $-602,474,568
Tax Provision $0 $-188,496 $-9,222,980 $28,941,602
Gain On Sale Of Ppe $-156,213 $-61,860 $-629,195 $0
Gain On Sale Of Security $-10,226,794 $46,666,234 $222,079 -
Other Taxes $1,494,162 $7,082,825 $431,920 $7,555,945
Research And Development $43,252,205 $76,081,726 $108,823,664 $25,753,717
Selling General And Administration $428,209,375 $440,094,646 $295,239,332 $894,148,316
Other Gand A $209,725,568 $237,303,179 $90,086,942 $82,875,689
Insurance And Claims $28,103,054 $26,894,080 $16,900 $0
Rent And Landing Fees $8,529,344 $5,533,245 $5,067,643 $7,104,654
Salaries And Wages $136,108,161 $136,008,598 $170,212,716 $804,167,973
Diluted Average Shares - $2,892,270 $3,043,880 $3,043,880
Basic Average Shares - $2,892,270 $2,767,880 $2,767,880
Fetched: 2026-02-02
Balance Sheet (Annual)
Metric 2025-04-30 2024-04-30 2023-04-30 2022-04-30
Assets
Net Tangible Assets $63,407,801 $330,724,747 $208,514,937 $590,819,976
Total Assets $190,500,583 $575,565,839 $453,035,235 $752,051,425
Total Non Current Assets $47,163,842 $45,174,877 $218,352,242 $13,507,063
Other Non Current Assets $31,486,253 $31,486,253 - -
Non Current Prepaid Assets $657,740 $657,740 $657,740 $647,740
Goodwill And Other Intangible Assets $10,620,000 $0 - -
Other Intangible Assets $10,620,000 - - -
Current Assets $143,336,741 $530,390,962 $234,682,993 $738,544,362
Other Current Assets $153,764 $84,262 $1,025,884 $329,946
Prepaid Assets $12,447,179 $11,324,041 $5,687,806 $8,536,608
Receivables $26,356,425 $81,071,557 $50,082,910 $72,259,707
Other Receivables $17,208,508 $40,359,303 - -
Taxes Receivable $8,276 $1,732,654 $43,731,092 $0
Accounts Receivable $9,139,641 $38,979,600 $6,351,818 $72,259,707
Allowance For Doubtful Accounts Receivable $0 $0 $0 $0
Gross Accounts Receivable $9,139,641 $38,979,600 $6,351,818 $72,259,707
Cash Cash Equivalents And Short Term Investments $104,379,373 $437,911,102 $177,886,393 $657,418,101
Cash And Cash Equivalents $104,379,373 $337,911,102 $177,886,393 $657,418,101
Cash Financial $104,379,373 $337,911,102 $177,886,393 $657,418,101
Non Current Deferred Assets - $0 $212,160,121 $0
Non Current Deferred Taxes Assets - - - $0
Debt
Total Debt $51,838,741 $179,267,250 $195,538,868 $69,785,906
Long Term Debt And Capital Lease Obligation $33,859,000 $51,838,741 $68,252,500 $49,788,868
Long Term Debt $33,859,000 $49,063,000 $68,252,500 $46,321,500
Current Debt And Capital Lease Obligation $17,979,741 $127,428,509 $127,286,368 $19,997,038
Current Debt $15,204,000 $119,189,500 $123,819,000 $11,769,000
Other Current Borrowings $15,204,000 $119,189,500 $123,819,000 $11,769,000
Net Debt - - $14,185,107 -
Liabilities
Total Liabilities Net Minority Interest $116,472,782 $244,841,092 $244,520,298 $161,231,449
Total Non Current Liabilities Net Minority Interest $33,859,000 $51,838,741 $68,440,996 $49,855,103
Current Liabilities $82,613,782 $193,002,351 $176,079,302 $111,376,346
Payables And Accrued Expenses $64,634,041 $65,573,842 $47,395,464 $91,379,308
Payables $47,821,917 $45,776,571 $28,303,484 $91,379,308
Other Payable $20,204,272 $24,980,992 $25,813,912 $52,825,211
Total Tax Payable $15,450,007 $2,372,797 $2,489,572 $38,554,097
Income Tax Payable $950,000 $950,000 $145,000 $38,554,097
Accounts Payable $12,167,638 $18,422,782 - -
Non Current Deferred Liabilities - $0 $188,496 $66,235
Non Current Deferred Taxes Liabilities - $0 $188,496 $66,235
Current Deferred Liabilities - $0 $1,397,470 $0
Equity
Common Stock Equity $74,027,801 $330,724,747 $208,514,937 $590,819,976
Total Equity Gross Minority Interest $74,027,801 $330,724,747 $208,514,937 $590,819,976
Stockholders Equity $74,027,801 $330,724,747 $208,514,937 $590,819,976
Retained Earnings $-2,186,452,780 $-1,929,755,834 $-1,593,605,162 $-1,268,330,424
Long Term Equity Investment - - - $0
Other
Ordinary Shares Number $15,076,900 $15,076,900 $15,039,400 $15,039,400
Share Issued $15,076,900 $15,076,900 $15,039,400 $15,039,400
Tangible Book Value $63,407,801 $330,724,747 $208,514,937 $590,819,976
Invested Capital $123,090,801 $498,977,247 $400,586,437 $648,910,476
Working Capital $60,722,959 $337,388,611 $58,603,691 $627,168,016
Capital Lease Obligations $2,775,741 $11,014,750 $3,467,368 $11,695,406
Total Capitalization $107,886,801 $379,787,747 $276,767,437 $637,141,476
Additional Paid In Capital $2,210,480,581 $2,210,480,581 $1,702,120,099 $1,524,575,200
Capital Stock $50,000,000 $50,000,000 $100,000,000 $334,575,200
Common Stock $50,000,000 $50,000,000 $100,000,000 $334,575,200
Long Term Capital Lease Obligation $0 $2,775,741 $0 $3,467,368
Current Capital Lease Obligation $2,775,741 $8,239,009 $3,467,368 $8,228,038
Current Accrued Expenses $16,812,124 $19,797,271 $19,091,980 $23,575,601
Net PPE $4,399,849 $13,030,884 $5,534,381 $12,859,323
Accumulated Depreciation $-3,066,490 $-2,239,373 $-1,156,051 $-377,440
Gross PPE $7,466,339 $15,270,257 $6,690,432 $13,236,763
Other Properties $3,471,991 $11,711,000 $3,467,368 $11,641,238
Machinery Furniture Equipment $3,994,348 $3,559,257 $3,223,064 $1,595,525
Other Short Term Investments $0 $100,000,000 $0 -
Current Deferred Revenue - $0 $1,397,470 $0
Investments And Advances - - - $0
Investmentsin Joint Venturesat Cost - - - $0
Fetched: 2026-02-02
Cash Flow Statement (Annual)
Metric 2025-04-30 2024-04-30 2023-04-30 2022-04-30
Free Cash Flow
Free Cash Flow $-223,969,046 $-394,200,420 $-401,364,746 $99,282,318
Operating Activities
Operating Cash Flow $-191,733,955 $-393,864,227 $-399,737,207 $100,266,688
Cash Flow From Continuing Operating Activities $-191,733,955 $-393,864,227 $-399,737,207 $100,266,688
Operating Gains Losses $10,419,140 $-40,714,035 $386,036 -
Investing Activities
Capital Expenditure $-32,235,091 $-336,193 $-1,627,539 $-984,370
Investing Cash Flow $87,764,909 $-100,336,193 $-1,627,539 $3,762,358
Cash Flow From Continuing Investing Activities $87,764,909 $-100,336,193 $-1,627,539 $3,762,358
Net Other Investing Changes $20,000,000 - - $187,000
Financing Activities
Issuance Of Capital Stock $0 $781,200,000 $0 $200,134,000
Financing Cash Flow $-119,305,000 $644,854,140 $-78,410,121 $189,134,000
Cash Flow From Continuing Financing Activities $-119,305,000 $644,854,140 $-78,410,121 $189,134,000
Net Common Stock Issuance $0 $781,200,000 $0 $200,134,000
Common Stock Issuance $0 $781,200,000 $0 $200,134,000
Net Other Financing Charges - $-114,170,860 $-212,160,121 -
Other
Repayment Of Debt $-119,305,000 $-24,050,000 $-16,250,000 $-11,000,000
Issuance Of Debt $0 $0 $150,000,000 $0
Interest Paid Supplemental Data $1,484,085 $3,329,689 $2,479,492 $1,032,588
Income Tax Paid Supplemental Data $7,951 - $22,619,600 $290,000
End Cash Position $135,865,626 $369,397,355 $177,886,393 $657,418,101
Beginning Cash Position $369,397,355 $177,886,393 $657,418,101 $364,255,055
Effect Of Exchange Rate Changes $-10,257,683 $40,857,242 $243,159 $0
Changes In Cash $-223,274,046 $150,653,720 $-479,774,867 $293,163,046
Proceeds From Stock Option Exercised $0 $1,875,000 $0 $0
Net Issuance Payments Of Debt $-119,305,000 $-24,050,000 $133,750,000 $-11,000,000
Net Long Term Debt Issuance $-119,305,000 $-24,050,000 $133,750,000 $-11,000,000
Long Term Debt Payments $-119,305,000 $-24,050,000 $-16,250,000 $-11,000,000
Long Term Debt Issuance $0 $0 $150,000,000 $0
Net Investment Purchase And Sale $100,000,000 $-100,000,000 $0 $0
Sale Of Investment $100,000,000 $0 $0 -
Purchase Of Investment $0 $-100,000,000 $0 $0
Net Intangibles Purchase And Sale $-31,800,000 $0 $0 -
Purchase Of Intangibles $-31,800,000 $0 $0 -
Net PPE Purchase And Sale $-435,091 $-336,193 $-1,627,539 $-984,370
Purchase Of PPE $-435,091 $-336,193 $-1,627,539 $-984,370
Change In Working Capital $52,421,234 $-19,741,809 $-18,950,076 $16,209,254
Change In Other Working Capital $-7,951 $17,605,199 $-56,159,621 $28,040,174
Change In Other Current Liabilities $0 $-696,250 $-54,168 $8,366
Change In Other Current Assets $-230,959 $935,387 $-1,325,133 $-87,296
Change In Payables And Accrued Expense $-939,801 $18,186,406 $-5,574,747 $24,000,359
Change In Payable $-939,801 $18,186,406 $-5,574,747 $24,000,359
Change In Account Payable $-6,255,144 $12,866,661 $-4,913,720 -
Change In Prepaid Assets $-1,123,138 $-5,636,235 $2,838,802 $-4,179,584
Change In Receivables $54,723,083 $-50,136,316 $41,324,791 $-31,572,765
Changes In Account Receivables $31,572,288 $-9,777,013 $41,324,791 $-31,572,765
Other Non Cash Items $115,500 $231,000 $231,000 $244,233
Stock Based Compensation $0 $1,616,463 $0 $670,000,000
Deferred Tax $0 $-188,496 $122,261 $15,978,261
Deferred Income Tax $0 $-188,496 $122,261 $15,978,261
Depreciation Amortization Depletion $2,007,117 $1,083,322 $778,611 $309,508
Depreciation And Amortization $2,007,117 $1,083,322 $778,611 $309,508
Depreciation $2,007,117 $1,083,322 $778,611 $309,508
Gain Loss On Investment Securities $161,457 $6,235 $629,195 -
Net Foreign Currency Exchange Gain Loss $10,257,683 $-40,720,270 $-243,159 $0
Net Income From Continuing Operations $-256,696,946 $-336,150,672 $-382,305,039 $-602,474,568
Net Business Purchase And Sale - $0 $0 $4,559,728
Sale Of Business - $0 $0 $4,559,728
Change In Tax Payable - - $-57,557,091 $28,148,718
Change In Income Tax Payable - - $-57,557,091 $28,148,718
Earnings Losses From Equity Investments - - $0 $0
Fetched: 2026-02-02