King Resources Swings to $745,765 Net Loss in Q3 FY2026 as Operating Costs Surge

King Resources, Inc., a Delaware-incorporated resource company, reported a net loss of $745,765 for the three months ending December 31, 2025, widening from a net loss of $626,064 in the same quarter a year earlier. The company's losses per share came to $0.01, compared to a loss of $0.43 per share in the prior-year quarter. Read more earnings reports.

Revenue for the quarter reached $589,880, up sharply from $19,239 a year earlier. However, operating expenses climbed to $805,352 from $175,209 in the year-ago period, a 360% increase that overwhelmed the revenue gains. The company recorded an operating loss of $745,765 for the quarter, compared to an operating loss of $167,514 in Q3 FY2025.

For the nine months ending December 31, 2025, King Resources posted a net loss of $1,378,639, a reversal from net income of $1,710,071 in the same period last year. Revenue for the nine-month period totaled $628,282, up from $57,662 a year earlier. Operating expenses for the nine months reached $1,453,587, compared to $368,431 in the prior-year period.

The company's balance sheet showed total assets of $74,238 as of December 31, 2025, up from $43,360 at the end of the prior fiscal year on March 31, 2025. Cash and cash equivalents stood at $2,144, down from $2,417 nine months earlier. Total liabilities climbed to $1,195,411 from $996,386 at fiscal year-end.

Stockholders' equity remained negative at $1,121,173 as of December 31, 2025, compared to a deficit of $953,026 at the end of March 2025. The company's retained earnings deficit expanded to $8,822,017 from $7,443,378 over the nine-month period.

King Resources burned through $77,808 in operating cash flow during the nine months ending December 31, 2025, compared to $33,571 in the prior-year period. The company raised $76,639 through financing activities during the nine months, partially offsetting the operating cash outflow.

The company's share count expanded dramatically during the period, with common shares outstanding rising to 87,221,765 as of December 31, 2025, from 1,546,950 shares at the end of the prior fiscal year. Weighted average shares outstanding for the nine-month period totaled 26,127,360, up from 1,459,686 a year earlier.

Financial Summary

Nine-Month Results