Winning Catering Swings to $66,219 Loss in Q1 2026 as Revenue Vanishes

Winning Catering Group, Inc. (a catering services company) posted a net loss of $66,219 for the three months ended March 31, 2026, sharply narrowing from a $718,210 loss in the same quarter of 2025. The company reported no revenue in the current quarter, down from $11,209 in the prior-year period. Read more earnings reports.

Operating expenses fell to $66,219 from $1.09 million a year earlier. General and administrative expenses dropped 94% to $66,219 from $1.09 million in Q1 2025, when the company also recorded $5,113 in cost of revenue. The current quarter had no cost of revenue.

The prior-year quarter included $374,582 in other income, comprising $363,889 in interest income and $10,693 in other income. No other income was reported for Q1 2026. The company paid $9,214 in income taxes in the year-ago period but recorded no tax expense in the current quarter.

Cash on the balance sheet stood at $5,912 as of March 31, 2026, unchanged from December 31, 2025. The company's balance sheet showed total liabilities of $60,307, consisting entirely of amounts due to a related party, compared to zero liabilities at year-end 2025.

Stockholders' deficit widened to $60,307 at quarter-end from stockholders' equity of $5,912 three months earlier. The accumulated deficit reached $66,219 as of March 31, 2026, compared to zero at the start of the year.

Operating activities consumed $5,912 in cash during the quarter, compared to $251,965 used in the year-ago period. The prior-year quarter generated $470,000 from investing activities through repayment of a promissory note receivable from a related party. No investing or financing cash flows were recorded in Q1 2026.

The company had 704.04 million shares of common stock outstanding at quarter-end, unchanged from the prior quarter and year-ago period. Net loss per share was $0.00 on both a basic and diluted basis for both quarters, reflecting the rounding of the per-share calculation.