BestGofer Inc. Narrows Q1 Loss 93% to $1,001 Despite Zero Revenue

BestGofer Inc., a services company, reported a net loss of $1,001 for the three months ended February 28, 2026, a 93% improvement from the $14,072 loss recorded in the same quarter a year earlier. The company generated no revenue during the latest quarter. Read more earnings reports.

Operating expenses fell to $3,232 from $14,072 in the prior-year period. Professional fees dropped to $2,444 from $4,621, while the company also recorded a $779 bad debt expense in the current quarter. General and administrative expenses totaled $9,451 in the year-ago period but were not itemized separately in the latest quarter.

BestGofer's cash position declined to $1,924 at February 28, 2026, from $3,202 at November 30, 2025. The company generated $2,222 in cash from operations during the quarter, a reversal from the $14,072 cash outflow in the prior-year period. The improvement stemmed from the smaller net loss and a $2,444 increase in accounts payable and accrued liabilities, offset partially by the $779 non-cash bad debt charge.

The balance sheet showed a stockholders' deficit of $25,296 at quarter-end, widening from $24,295 three months earlier. Total current liabilities stood at $143,216, including $70,791 in accounts payable and accrued liabilities and $72,425 owed to a related party. The company also reported $24,742 due from a related party among its current assets.

BestGofer had 5.9 million shares outstanding at February 28, 2026, unchanged from the prior quarter. Net loss per share was zero cents in both the current and prior-year quarters due to rounding.