Somitos Corp Reports $11,751 Loss on $2,282 Revenue in Q3 2026

Somitos Corp, a Wyoming-incorporated small business, reported a net loss of $11,751 for the three months ending February 28, 2026, on revenue of $2,282. Operating expenses totaled $14,033 for the quarter, exceeding the modest revenue and producing an operating loss of $11,751. Read more earnings reports.

For the nine-month period from June 1, 2025 through February 28, 2026, the company generated $2,907 in total revenue while incurring $47,050 in operating expenses. That produced a net loss of $44,143 for the nine-month period, widening the company's accumulated deficit to $50,358 as of February 28, 2026 compared to a deficit of $6,215 as of May 31, 2025.

The company's balance sheet showed total assets of $91,252 as of February 28, 2026, nearly double the $46,589 reported at the prior fiscal year end. The increase came primarily from a surge in cash and cash equivalents, which jumped to $55,478 from $4,589, an increase of more than 1,100%.

That cash infusion came from financing activities. The cash flow statement showed the company raised $52,413 from financing during the nine-month period, while cash used in operations totaled $1,524.

Liabilities climbed to $94,110 as of February 28, 2026 from $52,504 at the prior year end. Accounts payable spiked to $33,000 from $6,000. The company ended the quarter with negative stockholders' equity of $2,858, though that represented an improvement from the negative $5,915 position at May 31, 2025.

The company expanded its share count during the period, with common shares outstanding rising to 5,360,000 from 3,000,000. Common stock value increased to $536 from $300, and additional paid-in capital jumped to $46,964 from zero.

Intangible assets declined to $35,700 from $42,000 over the same period. The company reported no income tax expense for any of the periods presented.

Financial Summary