Breaking Down My Size, Inc. (MYSZ) Financial Health: Key Insights for Investors

You're looking at My Size, Inc. (MYSZ) and trying to figure out if their recent operational momentum is translating into a sustainable financial trajectory, and honestly, the Q3 2025 numbers show a classic growth-stage tension. The good news is clear: the company is delivering sequential revenue growth, with Q3 revenue hitting $2.6 million, a solid 26% jump from the prior quarter, plus gross profit expanded to $1.0 million, a 27% year-over-year increase, showing improved unit economics. Here's the quick math: they are narrowing the gap, with net loss shrinking to $2.8 million for the quarter, down from $3.4 million a year ago. But still, the trend-aware realist in me flags the liquidity-cash and equivalents stood at only $4.5 million as of September 30, 2025, which means their runway is defintely tight, making continued SaaS expansion for Naiz Fit (already up over 25% year-to-date) and the scaling of their Percentil circular fashion platform absolutely crucial for absorbing operating costs and avoiding dilutive financing.

Revenue Analysis

You're looking at My Size, Inc. (MYSZ) and wondering if the revenue story is finally clicking, and the short answer is that the company is projecting a massive acceleration in its top line for 2025. They've shifted from a two-pronged approach to a diversified, three-pillar revenue model that management expects to drive revenue to a projected $15 million for the full fiscal year 2025.

This is a major jump. To put that in perspective, MYSZ reported total revenue of $8.26 million for 2024, which itself was an 18% year-over-year increase from 2023. The 2025 projection of $15 million implies a year-over-year growth rate of around 77%, which is defintely the number to watch. That kind of growth signals a successful strategic pivot. One quarter's results show the momentum: Q3 2025 revenue hit $2.6 million, a strong 26% sequential increase from Q2 2025.

Here's the breakdown of where that revenue is coming from, which is crucial for understanding the quality of the growth:

• AI-Driven SaaS Solutions: This is the core technology segment, including MySizeID, Naiz Fit, and the newly acquired ShoeSize.Me. This is high-margin Software as a Service (SaaS), which is the most valuable kind of revenue. Naiz Fit, for example, reported over 25% year-to-date SaaS revenue growth in 2025.
• E-commerce Platform: The Orgad platform, which focuses on e-commerce and Fulfilled by Amazon (FBA) logistics, has historically been a major revenue driver, contributing to the 2024 top-line results.
• Circular Fashion Marketplace: This is the newest stream, driven by the acquisition of Percentil in May 2025, a European secondhand marketplace. This segment contributed $180,000 in revenue just from its acquisition date through the end of Q2 2025.

The biggest change in the revenue mix is the strategic roll-up of acquisitions like Percentil and ShoeSize.Me, which broadens the base from just sizing technology and e-commerce logistics to include the fast-growing resale market. This creates a triple-revenue model (SaaS sizing, e-commerce, and resale), which diversifies risk, but still, execution across all three models is key to hitting that $15 million target.

To see how the key financial metrics are trending, especially gross profit which rose 27% year-over-year in Q3 2025 to $1.0 million, check out the next chapter on Breaking Down My Size, Inc. (MYSZ) Financial Health: Key Insights for Investors.

Profitability Metrics

You're looking for a clear read on My Size, Inc. (MYSZ) profitability, and the most recent figures-Q3 2025-show a company still in a high-growth, high-investment phase, but with clear signs of operational improvement. The core takeaway is this: Gross margins are healthy and expanding, but the company is still spending heavily to capture market share, resulting in deep operating and net losses.

For the quarter ended September 30, 2025, My Size, Inc. reported revenue of $2.6 million and a gross profit of $1.0 million. Here's the quick math on the key margins:

• Gross Profit Margin: 38.5% (Calculated from $1.0M Gross Profit / $2.6M Revenue)
• Operating Profit Margin: -115.4% (Calculated from -$3.0M Operating Loss / $2.6M Revenue)
• Net Profit Margin: -107.7% (Calculated from -$2.8M Net Loss / $2.6M Revenue)

A gross margin of 38.5% is defintely solid for a business with a significant e-commerce component like Percentil and Orgad, but the negative operating and net margins show the high cost of running a global, technology-driven business before reaching critical scale.

Trends in Profitability Over Time

The trend line is what matters most for a growth-focused company, and My Size, Inc. is moving in the right direction, albeit slowly. The company is successfully expanding its gross margin while simultaneously narrowing its losses, which signals incremental operational leverage.

• Gross Profit Growth: Q3 2025 Gross Profit of $1.0 million was up 27% year-over-year. This is a strong indicator of pricing power and efficient cost of goods sold (COGS) management.
• Loss Reduction: The Q3 2025 Operating Loss improved to $3.0 million, a 9% reduction year-over-year. The Net Loss also narrowed to $2.8 million from $3.4 million in the prior year.
• 2024 Context: For the full year 2024, the company reported total revenue of $8.26 million and a Net Loss of $3.99 million, which was a 37% decrease in net loss compared to 2023. The momentum of loss reduction is clear.

To be fair, the company is still losing more money than it makes at the gross level, but the rate of loss is slowing as revenue from its platforms like Naiz Fit and Percentil scales up. You can read more about the strategic direction in the Mission Statement, Vision, & Core Values of My Size, Inc. (MYSZ).

Comparison with Industry Averages

My Size, Inc. operates across two main sectors: AI-driven sizing solutions (Software as a Service, or SaaS) and e-commerce/apparel retail. Comparing its margins to both helps map its financial structure:

What this estimate hides is the blended nature of the business. The 38.5% gross margin is below the average for pure Apparel Retail (41.9%), but it's dragged down by the lower-margin e-commerce/secondhand marketplace component (Percentil and Orgad). The high-margin SaaS component (Naiz Fit) is still a smaller percentage of total revenue. As the Naiz Fit SaaS revenue-which has a much higher inherent margin-grows, you should expect the blended gross margin to climb closer to the 45% high end of the retail/e-commerce range, and eventually higher if the SaaS business truly scales.

Analysis of Operational Efficiency

The company is showing clear signs of improving operational efficiency (cost management) even as it invests for growth. The key is separating the high-margin tech platforms from the lower-margin marketplace operations.

The Orgad segment, for instance, transitioned to a Fulfillment by Amazon (FBA) operating model. This move is a concrete action that contributed directly to improved logistics, inventory management, and margin performance. This is smart cost management. Plus, the core AI-driven platform, Naiz Fit, is demonstrating strong momentum, with over 25% year-to-date SaaS revenue growth. This SaaS growth is crucial because its cost of revenue is minimal, so every new dollar of Naiz Fit revenue will significantly boost the overall gross margin and help close the gap on the operating loss.

Your action here is simple: monitor the gross margin trend. If it continues to expand above 40% in Q4 2025, it confirms the operational improvements and SaaS scaling are working.

Debt vs. Equity Structure

You want to know how My Size, Inc. (MYSZ) is funding its growth, and the answer is clear: they are defintely not relying on debt. The company's capital structure shows a strong preference for equity financing, which is typical for a growth-stage technology firm, but their debt levels are exceptionally low even by that standard.

As of the most recent reporting period, My Size, Inc.'s total debt is minimal, clocking in at just $189.00K (or $189,000) on the balance sheet. This figure represents the company's total outstanding debt, encompassing both short-term and long-term obligations. A total debt under a quarter-million dollars is a non-factor in the grand scheme of their operations.

This extremely low debt translates directly into a minimal Debt-to-Equity (D/E) ratio. The D/E ratio, which measures the proportion of a company's assets financed by debt versus shareholder equity, is currently around 0.03.

Here's the quick math on why that D/E ratio is so important:

• My Size, Inc. (MYSZ) D/E: 0.03.
• Technology Sector Average D/E: Around 0.48.
• AI-Adopting Firms Average D/E: Approximately 0.88.

A ratio of 0.03 means for every dollar of equity, the company has only three cents of debt. Compare that to the average technology company, which carries 48 cents of debt for every dollar of equity. My Size, Inc. is essentially debt-free, a sign of extreme financial conservatism or, more likely, a necessity given their growth trajectory and burn rate.

The company's recent financing activity confirms this equity-heavy approach. Instead of issuing new debt or seeking a credit rating, they've been raising capital through equity sales. By the end of the third quarter of 2025, My Size, Inc. had successfully raised approximately $3.1 million through an At The Market Offering Agreement (ATM). This is a clear signal that management is prioritizing non-dilutive debt avoidance and funding its operations and acquisitions (like Percentil and ShoeSize.Me) by selling stock.

What this estimate hides is the inherent trade-off. While a low D/E ratio means minimal interest expense and virtually no risk of default, it also suggests the company is not using financial leverage (borrowed money) to amplify returns. For a growth company, that can sometimes mean a slower pace of expansion than a competitor willing to take on more calculated risk. Still, in a volatile market, a clean balance sheet is a powerful asset.

To learn more about the company's overall financial picture, you can check out the rest of the analysis at Breaking Down My Size, Inc. (MYSZ) Financial Health: Key Insights for Investors.

Liquidity and Solvency

You need to know if My Size, Inc. (MYSZ) has the cash to cover its near-term bills, and the answer is a qualified yes. The company's technical liquidity position looks strong, but that strength is currently dependent on capital raises to offset a persistent burn from operations.

As of the most recent reporting period, the company's liquidity ratios are quite high, which signals an excellent ability to meet its short-term obligations (liabilities due within one year). The Current Ratio, which measures current assets against current liabilities, sits at a robust 3.89. This means My Size, Inc. (MYSZ) holds nearly four times the assets needed to cover its immediate debts. That's a defintely comfortable margin.

The Quick Ratio (or acid-test ratio), which excludes inventory from current assets to show the ability to pay debts with only the most liquid assets (cash, equivalents, and receivables), is also strong at 2.55. The difference between these two ratios is largely inventory, and the gap itself is a key part of the working capital picture.

• Current Ratio: 3.89 (High liquidity cushion)
• Quick Ratio: 2.55 (Strong ability to pay without selling inventory)
• Cash and Equivalents (Q3 2025): $4.5 million

Working Capital and Inventory Dynamics

The working capital trend shows a company that is asset-heavy relative to its short-term debt, but the composition matters. The difference between the Current Ratio (3.89) and the Quick Ratio (2.55) is 1.34, which is attributable to inventory. For a company like My Size, Inc. (MYSZ), which operates the Percentil secondhand marketplace and Orgad e-commerce platform, inventory is a significant current asset. For example, as of June 30, 2025, the company held about $2.90 million in inventory, a substantial component of the current assets. This inventory must be efficiently converted to cash to avoid becoming a drag on working capital. You can read more about the company's strategic focus on its assets and platforms in its Mission Statement, Vision, & Core Values of My Size, Inc. (MYSZ).

Cash Flow Statement Overview: The Burn and the Raise

The cash flow statement reveals the core challenge: My Size, Inc. (MYSZ) is still in a growth and investment phase, which means it burns cash from operations. For the nine months ended September 30, 2025, the company used $2.81 million in cash for operating activities. This consistent negative operating cash flow is the near-term risk. The investing cash flow is a minor negative, around $61.00 thousand on a trailing twelve-month basis, which is typical for a company making strategic, but small, acquisitions like ShoeSize.Me.

Here's the quick math on how the company is bridging the gap:

The positive net change in cash of $211,000 for the nine-month period is due entirely to financing activities. The company raised approximately $3.1 million through equity sales by the end of Q3 2025 via an At The Market (ATM) Offering Agreement. This is a clear trade-off: The company is funding its operational cash burn and strategic acquisitions by issuing new shares, which dilutes existing shareholder value.

Liquidity Strengths and Concerns

The strength is the high Current and Quick Ratios, which provide a solid buffer against unexpected short-term bills. The cash balance of $4.5 million as of September 30, 2025, also gives them runway. The concern, however, is that the runway is being built on capital raises, not self-sustaining operations. The negative operating cash flow means that without continued financing, the cash balance will decline rapidly. Investors must monitor the rate of cash burn against the pace of revenue growth, which was $2.6 million in Q3 2025, to gauge when the company will reach cash flow breakeven.

Valuation Analysis

You're looking at My Size, Inc. (MYSZ) and trying to figure out if the market is missing something, or if the current price reflects the underlying risk. The direct takeaway is that My Size, Inc. is trading at a significant discount based on its book value, but this undervaluation is largely a function of its continued unprofitability and micro-cap status, which demands a high-risk premium.

The company's valuation metrics are a mixed bag, which is typical for a growth-focused technology firm that is not yet profitable. As of November 2025, My Size, Inc. has a market capitalization of approximately $3.78 million. Since the company is currently reporting a loss, the Price-to-Earnings (P/E) ratio is not applicable (N/A). For the 2025 fiscal year, the forecasted Earnings Per Share (EPS) is a loss of -$2.75.

Here's the quick math on what we can use for valuation:

• Price-to-Book (P/B) Ratio: This stands at approximately 0.47. A P/B ratio under 1.0 suggests the stock is trading for less than the value of its net assets (equity), which is a classic sign of potential undervaluation.
• Price-to-Sales (P/S) Ratio: This is a low 0.31. Given the 2025 revenue estimate of $10.71 million, this ratio suggests the market is paying only 31 cents for every dollar of sales, which is defintely low for a tech company.
• Enterprise Value-to-EBITDA (EV/EBITDA): This is not applicable (N/A) as the company is reporting negative EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization). What this estimate hides is that the Enterprise Value itself is negative, at approximately -$394,181, indicating a net cash position relative to debt, which is a positive liquidity sign.

Stock Price and Market Sentiment

The stock price trend over the last 12 months reflects significant volatility and downside pressure. As of November 2025, the stock is trading near the low end of its 52-week range of $0.95 to $9.40. The recent closing price of around $1.01 is down roughly 33.12% over the last year, which is a clear signal of investor skepticism regarding near-term profitability and dilution risk. The company does not pay a dividend, so dividend yield and payout ratios are not applicable to your analysis.

Analyst consensus is split, which is a key risk factor for you to consider. One analyst has a 'Strong Buy' rating, with an average price target of $3.00, suggesting a massive upside of over 150% from the current price. But, to be fair, another analyst has issued a 'Sell' rating. This divergence tells you that the market is debating the company's path to monetization-either the technology will finally scale and justify the target, or the cash burn will continue, leading to further capital raises and dilution.

The core opportunity here is a bet on the successful scaling of their SaaS (Software as a Service) revenue, which is showing growth, plus the integration of their recent acquisitions. For a deeper dive into who is making that bet, you should check out Exploring My Size, Inc. (MYSZ) Investor Profile: Who's Buying and Why?

Your next step should be to model the company's path to cash flow positivity using the Q3 2025 net loss of $2.8 million and the current cash balance of $4.5 million to estimate their runway.

Risk Factors

You're looking at My Size, Inc. (MYSZ) and seeing the growth in revenue, but you must also map the risks. The company is in a high-leverage growth phase, and while the momentum is good-Q3 2025 revenue hit $2.6 million-the path to sustained profitability is still the primary financial risk.

Honestly, the most immediate challenge is a classic financial one: liquidity and the burn rate. The company has a history of losses. While the net loss narrowed to $2.8 million in Q3 2025 from $3.4 million in the prior year, that still represents a significant cash outlay. Here's the quick math: with cash and equivalents at $4.5 million as of September 30, 2025, and an operating loss of $3.0 million in that same quarter, the need for additional capital is a constant overhang. If they can't raise capital on acceptable terms, the 'going concern' risk becomes real. That's the big one.

• Monitor cash balance: It's the lifeblood of a growing tech firm.

Operational and Strategic Hurdles

My Size, Inc. (MYSZ) is executing a roll-up strategy, acquiring companies like Percentil and ShoeSize.Me to build a unified fashion-tech ecosystem. This is smart, but it introduces significant operational risk: the ability to integrate these platforms and realize the promised benefits (synergies). If the integration of Percentil, which contributed $180,000 in revenue in Q2 2025 since its May acquisition, stalls, the projected growth to $15 million in revenue for the full 2025 fiscal year becomes harder to hit. Plus, the market for AI-driven sizing technology is still new and highly competitive, so customer adoption of their core products, like MySizeID, is not guaranteed.

Another operational factor is the geopolitical environment. The company maintains research and development facilities in Israel. The political and security situation there can impact operations, which is an external risk factor you can't defintely mitigate with an internal business plan.

External Market and Mitigation Strategies

External risks are a mix of competition and macro-factors. My Size, Inc. (MYSZ) faces competition from established players and new startups in the measurement technology space. Also, a general economic downturn can slow e-commerce growth, which would directly hurt demand for their solutions that aim to reduce returns. They are trying to get ahead of this by diversifying their revenue streams and expanding geographically.

The core mitigation strategy is the strategic roll-up itself, which aims to create a more resilient, diversified business. They are leveraging the acquisitions to drive Software as a Service (SaaS) revenue growth-Naiz Fit, for example, reported over 25% year-to-date SaaS revenue growth as of Q3 2025. This shift to recurring revenue is crucial for long-term stability. The company is also positioning Percentil to capitalize on new European Union (EU) circular fashion regulations, which is a proactive move to align with a major regulatory trend.

For a deeper dive into who is betting on this strategy, check out Exploring My Size, Inc. (MYSZ) Investor Profile: Who's Buying and Why?

Growth Opportunities

You're looking at My Size, Inc. (MYSZ) and trying to figure out if their growth story is more than just a good narrative. Honestly, the company has executed a clear, multi-pronged strategy in 2025 that maps out a path for significant revenue growth, though profitability remains the key hurdle. The core of their strategy is a disciplined roll-up of complementary AI and e-commerce assets, creating a diversified ecosystem.

The most concrete near-term opportunity is the projected revenue growth. My Size, Inc. anticipates closing the 2025 fiscal year with a projected revenue of $15 million, a substantial jump from the 2024 revenue of $8.5 million. Here's the quick math: that's a projected year-over-year growth of about 76.5%, which is ambitious and signals strong momentum from their acquisitions and market expansion. The Street consensus is a bit more cautious, placing the 2025 revenue forecast closer to $10.50 million.

The AI-Driven Roll-Up and Product Innovation

The growth drivers aren't abstract; they are tied to specific product innovations and strategic acquisitions. The company's AI-driven sizing solution, Naiz Fit, is a powerhouse, showing a year-to-date Software-as-a-Service (SaaS) revenue growth of over 25% in 2025. This is the high-margin engine you want to see scaling. Plus, the September 2025 acquisition of ShoeSize.Me, which added AI-powered footwear sizing, is a smart move to create a unified sizing intelligence engine across apparel and footwear.

Their product development is focused on practical, retailer-facing tools. In July 2025, they launched NaizGPT, a Conversational AI Assistant for retail teams, which helps with inventory and customer service optimization. This focus on using AI and big data from their subsidiaries to build proprietary solutions is a defintely strong competitive advantage in the crowded retail tech space.

• AI-powered solutions drive growth.
• Naiz Fit SaaS revenue up 25% in 2025.
• ShoeSize.Me acquisition unifies sizing.
• NaizGPT improves retail team efficiency.

Market Expansion and Strategic Ecosystem

My Size, Inc. is not just deepening its product line; it's expanding its geographic footprint and diversifying its business model. The e-commerce platform, Orgad, is strategically shifting its focus from North America to Europe, following certification as a supplier for a major European retailer. This is a clear path to new revenue streams.

The company's ecosystem also includes Percentil, a secondhand marketplace, which is a strategic play in the rapidly growing circular fashion economy. In the third quarter of 2025 alone, Percentil expanded its wholesale and direct-to-consumer activities across Spain, Italy, Germany, and France. This diversification hedges against pure-play sizing solution risk and positions the company in a high-growth, sustainability-conscious market. You can read more about the company's long-term vision in their Mission Statement, Vision, & Core Values of My Size, Inc. (MYSZ).

Competitive Edge and Financial Trajectory

The real competitive advantage lies in the proven, quantifiable results of their technology. For example, the Naiz Fit solution has consistently delivered a 5.7x increase in conversion rates, a 14% reduction in return rates, and a 27% boost in average order value for clients. These are the numbers that matter to a retailer's bottom line, which makes My Size, Inc.'s offerings highly compelling.

While revenue is climbing, the company is still working toward profitability. The net loss for the third quarter of 2025 narrowed to $2.8 million, down from $3.4 million in the prior year, showing progress. Analyst forecasts for the full 2025 net loss average around -$10.6 million, so the focus must remain on operational cost savings and scaling the high-margin SaaS business to close that gap. That's the trade-off here: high growth, still negative earnings.

Here is a summary of the 2025 financial trajectory and key performance indicators:

Finance: Monitor Q4 2025 results for sustained sequential revenue growth and further narrowing of the net loss.