Maitong Sunshine Cultural Swings to $120,601 Net Loss in Q1 FY2026

Maitong Sunshine Cultural Development Co., Limited, a Nevada-incorporated cultural services company, reported a net loss of $120,601 for the three months ending December 31, 2025, a sharp reversal from net income of $166,993 in the same quarter a year earlier. Read more earnings reports.

Revenue plunged 98% to $24,905 from $1.02 million in the prior-year quarter. Cost of revenue fell to $12,806 from $642,347, leaving gross profit at $12,099 compared to $379,808 a year ago.

Operating expenses surged as selling, general and administrative costs climbed 25% to $132,844 from $105,915. The company swung to an operating loss of $120,745 from operating income of $273,893 in the year-earlier period.

The company generated negative cash flow from operations of $22,425 for the quarter, a deterioration from positive operating cash flow of $58,671 in the prior-year period. Cash from financing activities provided $50,725.

Cash and cash equivalents stood at $32,914 as of December 31, 2025, down from $1.02 million a year earlier. Total assets declined to $373,547 from $439,110 at the end of the prior quarter.

Stockholders' equity turned negative at $71,691 as of December 31, 2025, compared to positive equity of $45,793 three months earlier. The company reported a retained deficit of $213,142, widening from a deficit of $92,541 at September 30, 2025.

Total liabilities increased to $445,238 from $393,317 at the end of the prior quarter, all classified as current liabilities. The company had 60.5 million shares outstanding as of December 31, 2025.

Basic and diluted loss per share came to negative $0.002 for the quarter, compared to earnings per share of $0.0028 in the prior-year period.

Financial Summary