Caro Holdings Inc (CAHO) Q1 2026 Earnings Report

Caro Holdings reported QQ1 2026 revenue of 5.986 million USD, representing a reported YoY growth of 10,589.29% and QoQ growth of 35.83%. Despite the revenue uptick, the company remains deeply unprofitable, posting an operating loss of 28.2 million and a net loss of 36.31 million. The heavy interest expense of 34.463 million dwarfs the topline, contributing to a negative EBITDA of 28.2 million and a net debt burden that surpasses its cash position. The quarter also shows a fragile balance sheet with negative equity and substantial short-term debt, underscoring liquidity risk even as financing activities supplied 30.973 million of cash. Year-over-year revenue growth appears to be a function of a low prior-year base and the company’s limited operating footprint in QQ1 2026; however, profitability has not followed suit, as elevated financing costs and operating expenses offset the modest revenue base. Investors should monitor cash burn, debt maturities, and any capital-raising actions that could dilute existing holders.