- QQ1 2026 revenue reached 5,470,273 USD with a gross margin of 53.7%, reflecting a positive topline and a lean cost structure. Operating income stood at 247,537 USD, yielding an operating margin of approximately 4.5%, while net income was 213,761 USD and EBITDA was 275,142 USD (EBITDA margin ~5.0%). The quarter generated 375,652 USD in operating cash flow and 374,152 USD in free cash flow, ending the period with 399,894 USD in cash and cash equivalents.
- The balance sheet presents material solvency risk: total liabilities of about 7.52 million USD versus total assets of about 3.49 million USD, resulting in negative equity of approximately 0.868 million USD. Additionally, non-current assets show a negative balance (-2,655,870 USD), suggesting unusual accounting entries or impairment charges that warrant closer scrutiny.
- The company operates as a shell in the Financial Services sector, which implies limited ongoing operations. The cash-generating ability in QQ1 2026 provides optionality for strategic actions (e.g., asset monetization, mergers, or capital-structure optimization). Absent a clear narrative on strategic actions or regulatory developments, the near-term investment thesis remains highly contingent on one-time monetization opportunities or external transactions rather than core operating growth.