MITIOTCServices-Computer Programming, Data Processing, Etc.US GAAP · USD

Mitesco, Inc.

Mitesco, Inc. is a U.S.-based holding company that has shifted from its earlier healthcare-related activities toward cloud and data-center services plus early-stage software development. Through its Centcore unit it provides co-location, managed hosting, cloud computing and application hosting, while Vero Technology Ventures is pursuing AI-enabled software and acquisition opportunities in adjacent cloud/data-center markets.

Ask about the company
Revenue0.0m USD
−11.4 %y/y
Operating profit (EBIT)-1.9m USD
−61.4 %y/y
EBIT margin-4,852.8%
−2,190.2 ppy/y
Net income0.5m USD
+119.9 %y/y

Fiscal year 2025 · change from previous year

Development 2020–2025

-8-6-4-202m USD2020: 0.00 m USD2020: EBIT -2.5 m USD20202021: 0.12 m USD2021: EBIT -6.4 m USD20212022: 0.00 m USD2022: EBIT -4.3 m USD20222023: 0.00 m USD2023: EBIT -2.6 m USD20232024: 0.04 m USD2024: EBIT -1.2 m USD20242025: 0.04 m USD2025: EBIT -1.9 m USD20250.04-1.9
RevenueOperating profit (EBIT)

Business

Share of revenue
Data center services70 %

Colocation, managed hosting and infrastructure services delivered through Centcore.

Cloud computing and application hosting20 %

Hosting and compute services for customer software and workloads on cloud infrastructure.

Software development10 %

Early-stage AI and cloud-based application development, including Robo Agent and other projects.

Customers

Mitesco appears to sell primarily to businesses that need low-capex hosting, application support, and data-center capacity, rather than to mass-market consumers today. Its software efforts are still early-stage, but the stated use cases include residential real estate and other B2C workflows, as well as sports/pickleball-related listing and sales applications.

Managed services and hosting clients

Businesses that move licensed or internally developed software into Centcore's environment for hosting and support.

Cloud computing users

Customers needing scalable cloud infrastructure and application hosting with minimal upfront capital.

Early-stage software users

Initial users of AI-enabled applications such as Robo Agent and related cloud software.

Acquisition targets and venture partners

Cloud and data-center related vendors or assets that VTV may invest in or acquire.

Strategy

Mitesco is trying to rebuild around a capital-light data-center platform while also developing higher-upside software products. Management is using outsourced technical talent and co-location partnerships to limit fixed costs, while VTV explores AI applications and acquisition opportunities in cloud-related markets.

Expand Centcore's hosting and data-center footprintShort term

The company wants revenue from infrastructure services without heavy buildout costs.

Launch and iterate Robo AgentShort term

AI software could create a higher-margin product layer beyond basic hosting.

Pursue cloud-related investments and acquisitionsMedium term

VTV is intended to add optionality and accelerate entry into adjacent software markets.

Geography

The company is headquartered in the United States and its current operating footprint is centered on a co-location arrangement with a data center in Melbourne, Florida. Management also references relationships with additional data centers worldwide and a plan to expand capacity through smaller-format facilities, but no country-level revenue split is disclosed in the excerpts provided.

Risks

Mitesco remains a development-stage business with limited revenue, negative operating cash flow and explicit going-concern risk. Its results are also highly sensitive to financing structure, derivative and preferred-share valuation, and execution risk in launching new software products while maintaining a viable data-center offering.

Sorted by severity
Going-concern and liquidity shortfallCritical

The company says it has not generated sufficient revenue and needs additional funding to operate.

ExposureCash was approximately $55000 as of Nov. 132025After being about $300 at Sep. 302025
Dependence on financing and debt restructuringHigh

Operations have been funded through equity sales and short-term borrowings, increasing dilution and refinancing risk.

Product development and commercialization riskHigh

Robo Agent and other software projects are early-stage and may not reach market acceptance or generate revenue.

Fair value and settlement volatilityMedium

Derivative liabilities and Series A preferred shares create non-cash gains/losses that can swing reported results.

Data-center execution and capacity riskMedium

The business depends on securing and scaling hosting capacity through partners and new facilities.

Accounting

Judgemental items
Derivative liabilities valuation

Management uses a lattice model with subjective assumptions, so small input changes can materially move fair value.

Impact: Reported gains or losses may not reflect operating performance.

Series A preferred share accounting

Accretion and revaluation create non-cash expense or income tied to financing terms.

Impact: Can significantly affect net income and equity.

Stock-based compensation

The company recorded large stock-based compensation expense during the period.

Impact: Raises operating expenses and reduces comparability.

Settlement accounting

Legal and liability settlements produced gains and losses in the reported periods.

Impact: Can create one-time swings in earnings and cash flow.

Similar listed companies

Publicly listed companies with a comparable business focus.

Vertical Data Inc.

VDTA · Services-Management Consulting Services

Vera Therapeutics, Inc.

VERA · Pharmaceutical Preparations

MNTN, Inc.

MNTN · Services-Advertising

Maximus, Inc

MMS · Services-Business Services, NEC

Bitzero Holdings Inc.

AIBZ · Finance Services

Mitek Systems, Inc

MITK · Computer Peripheral Equipment, NEC

Last updated: 24/09/2026