Marwynn Holdings Swings to $4.2M Net Loss in Nine Months Ending January 2026

Marwynn Holdings, Inc. posted a net loss of $4.16 million for the nine months ending January 31, 2026, a steep decline from a net loss of $419,482 in the same period a year earlier. The company, a Nevada-incorporated holding entity, reported revenue of $1.47 million for the period, up 93% from $760,583 in the prior year. Read more earnings reports.

For the three months ending January 31, 2026, the company swung to a net loss of $548,336 from net income of $23,418 in the year-ago quarter. Revenue for the third fiscal quarter reached $1.38 million, more than doubling from $623,709 a year earlier.

Operating losses widened sharply to $3.53 million for the nine-month period from $696,691 in the prior year. The company recorded gross profit of $168,603 for the nine months, down from $332,221 a year earlier, as cost of revenue rose to $1.30 million from $428,362.

Operating expenses surged to $3.70 million for the nine months from $1.03 million in the prior-year period. The company also recorded a $628,293 loss from discontinued operations for the period through December 22, 2025, compared to income of $405,527 from discontinued operations in the prior year.

Cash and cash equivalents stood at $295,826 as of January 31, 2026, down from $871,009 at the end of fiscal year 2025. Total assets declined to $2.76 million from $14.94 million at fiscal year-end, largely due to discontinued operations assets of $10.62 million in the prior period that were no longer on the balance sheet.

Cash used in operations was $1.10 million for the nine months, compared to $280,712 in the prior year. Cash used in investing activities totaled $891,900, up from $56,772 a year earlier. Financing activities generated $1.22 million in cash, reversing from $771,250 used in the prior year.

The company's stockholders' equity decreased to $2.31 million as of January 31, 2026, from $4.97 million at the end of fiscal 2025. Retained deficit widened to $8.14 million from $3.98 million.

Total liabilities fell to $454,033 from $9.97 million at fiscal year-end, primarily due to the disposition of discontinued operations liabilities. The company had 20.19 million common shares outstanding as of January 31, 2026, up from 17.05 million at the end of fiscal 2025.

Basic and diluted loss per share for the nine months was $0.23, compared to a loss of $0.03 per share in the prior year, based on weighted average shares of 18.15 million and 15.00 million, respectively.

Financial Summary