Goldenstone Acquisition Swings to $523,630 Loss in First Nine Months of FY2026

Goldenstone Acquisition Limited, a Delaware-incorporated blank check company, swung to a net loss of $523,630 for the nine months ending December 31, 2025, compared to net income of $99,459 in the prior-year period. The company reported an operating loss of $751,717 for the nine-month period, wider than the $807,511 operating loss a year earlier. Read more earnings reports.

For the three months ending December 31, 2025, the company posted a net loss of $108,214, a sharp reversal from net income of $18,240 in the same quarter of the prior year. The quarterly operating loss remained essentially flat at $152,010, compared to $152,162 in the year-ago quarter.

The company's stockholders' equity deteriorated to negative $7.85 million as of December 31, 2025, down from negative $6.52 million as of March 31, 2025. Total assets fell 69% to $5.84 million from $19.06 million at the start of the fiscal year, while total liabilities climbed to $7.89 million from $6.58 million over the same period.

Cash and restricted cash stood at $24,330 as of December 31, 2025, up from $14,692 at the end of the prior fiscal year but down from $30,823 two years earlier. The company generated $13.25 million in cash from investing activities during the nine-month period, offset by $13.02 million used in financing activities and $216,654 consumed by operations.

Current liabilities surged to $5.87 million as of December 31, 2025, from $4.55 million nine months prior, while current assets collapsed to $56,209 from $331,268. The company recorded interest expense of $50,000 during the nine-month period and paid income taxes of $74,226, down from $230,066 in the prior year.

The company maintained 1.85 million common shares outstanding throughout the period, with a par value of $185. Basic and diluted loss per share for the nine-month period came to $0.46, compared to earnings per share of $0.25 in the prior-year period.

Key Financials