BlueOne Card Revenue Falls 59% to $24,771 in Q3 FY2026 as Net Loss Widens

BlueOne Card reported revenue of $24,771 for the three months ending December 31, 2025, a 59% decline from $60,947 in the same quarter a year earlier. The Nevada-based company posted a net loss of $397,116 for the quarter, compared to a loss of $202,265 in the prior-year period. Read more earnings reports.

For the nine months ending December 31, 2025, revenue reached $149,977, up 146% from $60,947 in the comparable nine-month period of the prior year. The nine-month net loss totaled $1.04 million, versus a loss of $695,685 in the year-earlier period.

Operating expenses climbed 86% to $487,374 in the most recent quarter from $262,063 a year earlier. For the nine-month period, operating expenses nearly doubled to $1.39 million from $749,484.

The company's operating loss for the December quarter was $462,603, compared to a loss of $201,116 in the prior-year quarter. For the nine months, the operating loss widened to $1.24 million from $688,537.

Balance Sheet and Cash Position

Total assets stood at $15.19 million as of December 31, 2025, down from $15.53 million at the end of the prior fiscal year on March 31, 2025. The decline reflected reduced property, plant, and equipment, which fell to $72,803 from $145,041.

Cash and restricted cash totaled $33,958 as of December 31, 2025, compared to $46,018 at March 31, 2025. The company held $4,009 in cash at the end of the prior-year December quarter.

Accounts receivable increased to $30,421 from $9,720 at the prior fiscal year-end. Current assets rose modestly to $74,447 from $65,806.

Total liabilities grew to $2.43 million as of December 31, 2025, up from $1.77 million nine months earlier. Current liabilities increased to $2.39 million from $1.77 million.

Stockholders' equity declined to $7.18 million from $7.95 million at March 31, 2025. The company's accumulated deficit widened to $5.96 million from $4.92 million over the same period.

Cash Flow and Operations

Cash used in operations totaled $265,347 for the nine months ending December 31, 2025, an improvement from $294,054 consumed in the prior-year period. Cash from financing activities provided $261,200, up from $223,000 a year earlier. Cash used in investing was $7,913 for the nine-month period.

Depreciation and amortization expense for the nine months declined to $80,151 from $96,529 in the year-earlier period. For the December quarter, depreciation and amortization was $26,717, down from $30,926.

BlueOne Card reported a loss per share of $0.03 for the December quarter on both a basic and diluted basis, compared to $0.02 per share a year earlier. For the nine-month period, the loss per share was $0.07, versus $0.06 in the prior year.

Weighted average shares outstanding for the December quarter totaled 14.31 million on a basic and diluted basis, up from 12.81 million in the prior-year quarter. The company had 14.33 million common shares outstanding as of December 31, 2025.