MAG MAGNA CORP. Swings to $131,125 Net Loss in Q3 as Revenue Dries Up

MAG MAGNA CORP., a Wyoming-based small business, reported no revenue for the three months ending January 31, 2026, swinging to a net loss of $131,125 from a loss of $4,670 in the year-ago quarter. Operating expenses surged to $131,125 from $26,964 in the prior-year period, driving the wider loss. Read more earnings reports.

For the nine months ending January 31, 2026, the company reported no revenue compared to $43,628 in the same period a year earlier. Net loss for the nine-month period reached $228,839, up from $29,730 a year ago. Operating expenses climbed to $228,839 from $73,360 in the prior-year period.

The company posted a basic and diluted loss per share of $0.02 for the quarter, compared to a loss per share of less than $0.01 in Q3 2025. For the nine-month period, loss per share was $0.04 versus $0.01 in the prior year. Weighted average shares outstanding rose to 6,089,917 in the quarter from 5,829,047 a year earlier.

Cash and restricted cash stood at $26,400 as of January 31, 2026, up from zero at the end of the prior fiscal year on April 30, 2025. Total assets jumped to $1,926,400 from $144,297 at the fiscal year-end, while total liabilities increased to $501,537 from $227,595.

Stockholders' equity swung to a positive $1,424,863 as of January 31, 2026, from a deficit of $83,298 at the end of fiscal 2025. Additional paid-in capital surged to $1,766,897 from $31,897, while the retained earnings deficit widened to $349,863 from $121,024. Common shares outstanding increased to 7,829,047 from 5,829,047 over the same period.

For the nine months ending January 31, 2026, cash used in operations was $84,542 compared to $31,218 in the prior-year period. Cash from financing activities totaled $110,942, up from $31,218 a year earlier. The company reported no cash flow from investing activities in either period.

Financial Summary

Nine-Month Results

Balance Sheet Highlights