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Magfast
OperatingMAGFAST LLC
Founded 2017
MAGFAST is a revolutionary new family of wireless magnetic chargers that change charging for good.
Post-money valuation ⓘ
$10.7M
As of Apr 2025 · from MAGFAST Common Stock 6 · pre-money + amount raised, not a traded price
Total raised
$11,170,565
Across 9 rounds since 2020
Latest share price
$15.77
Reg CF Offering (2026-06-23) offering price
Financials
FY2018–FY2025 · from SEC filings · hover any figure for its source$0
−$885K
2018
$0
−$2.4M
2019
$0
−$4.8M
2020
$0
−$4.3M
2021
$1.1M
−$3.3M
2022
$2.6M
−$3.6M
2023
$1.4M
−$2.7M
2024
$1.1M
−$1.9M
2025
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Income statement
Revenue
$0
$0
$0
$0
$1,063,544
$2,639,314
$1,397,546
$1,066,334
Cost of goods sold
$0
$0
$0
$0
$716,521
$1,677,253
$783,408
$353,168
Gross margin
—
—
—
—
33%
36%
44%
67%
Net income
-$884,514
-$2,406,931
-$4,811,177
-$4,267,907
-$3,305,927
-$3,634,653
-$2,663,700
-$1,875,674
Taxes paid
$0
$0
$0
$0
$0
$0
$0
$0
Balance sheet
Cash
$554,904
$1,185,735
$1,650,223
$2,662,369
$1,102,966
$1,271,585
$75,536
$375,030
Accounts receivable
$0
$0
$0
$0
$0
$0
$0
$0
Total assets
$749,359
$1,462,165
$2,883,896
$4,979,055
$4,571,573
$3,598,953
$2,262,369
$3,037,249
Short-term debt
$127,084
$127,084
$127,084
$127,084
$233,174
$662,123
$434,859
$379,640
Long-term debt
$0
$0
$0
$0
$0
$0
$0
$0
Total liabilities
$127,084
$127,084
$10,458,285
$127,084
$233,174
$662,123
$434,859
$379,640
Other
Headcount
—
2
2
2
2
2
2
2
Figures as reported by the issuer in the filing shown on hover. Each year’s pill shows the assurance level of its filed statements — audited, reviewed (CPA review, less than an audit), or unaudited; no pill means the filing didn’t state one. Headcount is the filing’s point-in-time count, not a year-end average. Manually corrected figures are marked “Corrected”.
Valuation over rounds
Post-money = pre-money + amount raised · caps marked$21.1M
post-money
$10.7M
post-money
Magfast Stock 1
MAGFAST Common Stock 6
A dashed amber step is a SAFE/note valuation cap — a conversion ceiling agreed for that instrument, not a priced valuation of the company. Steps are not comparable across bases.
Fundraising history
Raised $444.3K / $4.7M
Raised / $3.6M
Reg CF annual-report compliance
Not required3+ reports filed & assets ≤ $10M
Filed 6 of 6 annual reports (FY2020–FY2025)
Reg CF issuers must file a Form C-AR each year until a Rule 202(b) termination trigger is met.
SEC filings
View all 54 filings on EDGARSource: ManualCIK 0001719420Share price $15.77
About this data. Figures are compiled from public sources — SEC EDGAR filings (Form C, C-AR, 1-A, 1-K) and funding-platform pages — and may be delayed, incomplete, or restated by the issuer. Financial statements are as reported by the issuer; each year is labeled with its assurance level (audited / reviewed / unaudited). A valuation cap is the conversion ceiling of a SAFE or convertible note, not an agreed company valuation; post-money figures are computed as pre-money plus amount raised and are not a traded price. Crowdonomics is not a broker-dealer, funding portal, or investment adviser; nothing here is investment advice or an offer to sell securities. Verify all figures against the linked EDGAR filings.