Executive Summary
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.
Key Performance Indicators
QoQ: 35.83% | YoY:10 589.29%
Key Insights
Revenue: 5,986 (USD thousands). YoY: 10,589.29%; QoQ: 35.83%.\nGross Profit: not reported.\nOperating Income: -28,200 (USD thousands); YoY: 47.29%; QoQ: 79.04%.\nNet Income: -36,310 (USD thousands); YoY: 61.99%; QoQ: 86.41%.\nEPS: -0.001; YoY: 61.54%; QoQ: 86.11%.\nEBITDA: -28,200; EBITDARatio: -4.71%; Operating Margin: -4.71%.\nInterest Expense: -34,463; Total Other Income/Expenses Net: -8,110; Income Before Tax: -36,310; Net Margin: -6.07%.\nCash Flow: Net Cash Provided by Operating Activities...
Financial Highlights
Revenue: 5,986 (USD thousands). YoY: 10,589.29%; QoQ: 35.83%.\nGross Profit: not reported.\nOperating Income: -28,200 (USD thousands); YoY: 47.29%; QoQ: 79.04%.\nNet Income: -36,310 (USD thousands); YoY: 61.99%; QoQ: 86.41%.\nEPS: -0.001; YoY: 61.54%; QoQ: 86.11%.\nEBITDA: -28,200; EBITDARatio: -4.71%; Operating Margin: -4.71%.\nInterest Expense: -34,463; Total Other Income/Expenses Net: -8,110; Income Before Tax: -36,310; Net Margin: -6.07%.\nCash Flow: Net Cash Provided by Operating Activities: -10,711; Net Change in Cash: -9,524; Cash at End of Period: 5,042; Free Cash Flow: -10,711.\nBalance Sheet: Cash and Cash Equivalents: 5,042; Total Assets: 458,178; Total Current Liabilities: 1,653,393; Short-Term Debt: 1,432,733; Total Liabilities: 1,653,393; Total Stockholders’ Equity: -1,195,215; Net Debt: 1,427,691.
Income Statement
| Metric |
Value |
YoY Change |
QoQ Change |
| Revenue |
5.99K |
10 589.29% |
35.83% |
| Operating Income |
-28.20K |
47.29% |
79.04% |
| Net Income |
-36.31K |
61.99% |
86.41% |
| EPS |
0.00 |
61.54% |
86.11% |
Management Commentary
No transcript provided in the data set. Earnings call quotes and management commentary could not be extracted from the supplied material.
Forward Guidance
No formal forward guidance was included in the QQ1 2026 filing. The absence of explicit targets makes near-term forecasting highly uncertain. Given the leverage, negative equity, and negative cash flow, any credible path to profitability will depend on: (a) debt refinancing or substantial equity infusions to restore liquidity; (b) monetization or restructuring of non-core assets; and (c) achieving material scale with a recurring revenue model. Key factors for investors to monitor include debt maturities and refinancing terms, any capital-raising actions (dilutive or non-dilutive), changes in working capital dynamics, and any strategic actions (merger, sale of assets, or pivot to a sustainable business line).