HUMBL, Inc. | 10-K: FY2024 Revenue: USD 0

Revenue: As of FY2024, the actual value is USD 0.

EPS: As of FY2024, the actual value is USD 0.

EBIT: As of FY2024, the actual value is USD -8.302 M.

Segment Revenue

• HUMBL, Inc. reported no revenue for the years ended December 31, 2024 and 2023.

Operational Metrics

• Net loss from continuing operations was - $11,424,409 for the year ended December 31, 2024, compared to - $14,523,053 for the year ended December 31, 2023.
• Operating expenses decreased from $10,061,013 in 2023 to $8,302,341 in 2024.
• Professional fees decreased from $2,770,689 in 2023 to $1,051,539 in 2024.
• Settlement expenses increased from $806,400 in 2023 to $2,976,380 in 2024.
• General and administrative expenses decreased from $6,483,924 in 2023 to $4,274,422 in 2024.

Cash Flow

• Net cash used in operating activities was - $3,183,582 for the year ended December 31, 2024, compared to - $4,118,487 for the year ended December 31, 2023.
• Cash provided by financing activities was $2,109,705 for the year ended December 31, 2024, compared to $4,003,716 for the year ended December 31, 2023.

Unique Metrics

• Gain on sale of HUMBL financial assets was $2,800,000 in 2024.

Outlook / Guidance

• HUMBL will adopt a holding company model for the 2025 fiscal year, focusing on subsidiaries in Brazil and Latin America, with FinCapital being the first business operated under this new structure.
• HUMBL plans to find and acquire undervalued assets and businesses in North and South America, particularly in Brazil, and operate them as subsidiaries.
• FinCapital is looking to sell its magnesium silicate and acquire other raw materials or mining interests.