--- title: "Marwynn | 10-Q: FY2026 Q3 Revenue: USD 1.384 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/283978080.md" datetime: "2026-04-24T10:11:23.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/283978080.md) - [en](https://longbridge.com/en/news/283978080.md) - [zh-HK](https://longbridge.com/zh-HK/news/283978080.md) --- # Marwynn | 10-Q: FY2026 Q3 Revenue: USD 1.384 M Revenue: As of FY2026 Q3, the actual value is USD 1.384 M. EPS: As of FY2026 Q3, the actual value is USD -0.03. EBIT: As of FY2026 Q3, the actual value is USD -587.75 K. ### Segment Revenue #### For the three months ended January 31, 2026, compared to January 31, 2025: - **Total Revenues**: Marwynn Holdings, Inc. reported total revenues of $1,383,941 for the three months ended January 31, 2026, an increase of $760,232 or 121.89% compared to $623,709 for the same period in 2025 . - **Sale of Food and Beverage**: Revenue decreased by $239,768, or -41.34%, to $340,192 in 2026 from $579,960 in 2025 . - **Consulting Services**: Revenue remained consistent at $43,749 for both periods . - **Sale of Recyclable E-waste Materials**: This new segment generated $1,000,000 in revenue for the three months ended January 31, 2026, with no comparable revenue in 2025 . #### For the nine months ended January 31, 2026, compared to January 31, 2025: - **Total Revenues**: Total revenues increased by $708,358 or 93.13% to $1,468,941 in 2026 from $760,583 in 2025 . - **Sale of Food and Beverage**: Revenue decreased by $284,654 or -45.56% to $340,192 in 2026 from $624,846 in 2025, primarily due to decreased purchase orders from Costco . - **Consulting Services**: Revenue decreased by $6,988 or -5.15% to $128,749 in 2026 from $135,737 in 2025 . - **Sale of Recyclable E-waste Materials**: This segment generated $1,000,000 in revenue for the nine months ended January 31, 2026, with no comparable revenue in 2025 . ### Operational Metrics #### For the three months ended January 31, 2026, compared to January 31, 2025: - **Cost of Revenues**: Total cost of revenues increased by $921,205 or 243.01% to $1,300,286 in 2026 from $379,081 in 2025, primarily due to higher costs in the new recyclable e-waste materials segment . - **Sale of Food and Beverage**: Cost of revenues was $270,666 in 2026, down from $328,182 in 2025 . - **Consulting Services**: Cost of revenues was $58,746 in 2026, up from $50,900 in 2025 . - **Sale of Recyclable E-waste Materials**: Cost of revenues was $970,874 in 2026 . - **Gross Profit**: Gross profit decreased by $160,973 or -65.80% to $83,655 in 2026 from $244,628 in 2025 . - **Blended Gross Profit Margin**: The margin was 6.04% in 2026, down from 39.22% in 2025 . - **Sale of Food and Beverage Gross Profit**: Decreased by 72.39% . - **Consulting Services Gross Profit**: Decreased by 109.74% . - **Sale of Recyclable E-waste Materials Gross Profit**: Increased by 100.0% . - **Selling Expenses**: Decreased by $25,708 or -99.95% to $14 in 2026 from $25,722 in 2025 . - **General and Administrative Expenses**: Increased by $500,425 or 371.17% to $635,248 in 2026 from $134,823 in 2025 . - **Loss from Operations**: Marwynn Holdings, Inc. reported a loss from operations of - $551,607 in 2026, compared to an income of $84,083 in 2025 . - **Net Loss from Continuing Operations**: Increased by $628,562 or 783.49% to - $548,336 in 2026 from an income of $80,226 in 2025 . - **Net Loss from Discontinued Operations**: Was nil in 2026, compared to - $56,808 in 2025 . - **Net Loss (Overall)**: Increased by $571,754 or 2,441.52% to - $548,336 in 2026 from an income of $23,418 in 2025 . #### For the nine months ended January 31, 2026, compared to January 31, 2025: - **Cost of Revenues**: Increased by $871,976 or 203.56% to $1,300,338 in 2026 from $428,362 in 2025 . - **Sale of Food and Beverage**: Cost of revenues decreased by $81,248 or -23.09% to $270,666 in 2026 from $351,914 in 2025 . - **Consulting Services**: Cost of revenues decreased by $17,650 or -23.09% to $58,798 in 2026 from $76,448 in 2025 . - **Sale of Recyclable E-waste Materials**: Cost of revenues was $970,874 in 2026 . - **Gross Profit**: Decreased by $163,618 or -49.25% to $168,603 in 2026 from $332,221 in 2025 . - **Blended Gross Profit Margin**: The margin was 11.48% in 2026, down from 43.68% in 2025 . - **Sale of Food and Beverage Gross Profit**: Decreased by 74.53% . - **Consulting Services Gross Profit**: Increased by 17.98% . - **Sale of Recyclable E-waste Materials Gross Profit**: Increased by 100.0% . - **Selling Expenses**: Increased by $1,227,844 or 1,422.14% to $1,314,182 in 2026 from $86,338 in 2025 . - **General and Administrative Expenses**: Increased by $1,445,485 or 153.36% to $2,388,059 in 2026 from $942,574 in 2025 . - **Loss from Operations**: Marwynn Holdings, Inc. reported a loss from operations of - $3,533,638 in 2026, compared to - $696,691 in 2025 . - **Net Loss from Continuing Operations**: Increased by $2,814,078 or 399.93% to - $3,517,720 in 2026 from - $703,642 in 2025 . - **Net Loss from Discontinued Operations**: Was - $646,656 for the period from May 1, 2025, to December 22, 2025, compared to an income of $284,160 for the nine months ended January 31, 2025 . - **Net Loss (Overall)**: Increased by $3,744,894 or 892.74% to - $4,164,376 in 2026 from - $419,482 in 2025 . ### Cash Flow #### For the nine months ended January 31, 2026, compared to January 31, 2025: - **Net Cash Used in Operating Activities (Continuing Operations)**: Increased to - $1,302,397 in 2026 from - $1,048,122 in 2025 . - **Net Cash Provided by Operating Activities (Discontinued Operations)**: Decreased to $198,788 in 2026 from $767,410 in 2025 . - **Net Cash Used in Operating Activities (Total)**: Increased to - $1,103,609 in 2026 from - $280,712 in 2025 . - **Net Cash Used in Investing Activities (Continuing Operations)**: Was - $880,000 in 2026, compared to nil in 2025, mainly due to loans to Bio Essence Pharmaceutical and Valemi Inc. . - **Net Cash Used in Investing Activities (Discontinued Operations)**: Decreased to - $11,900 in 2026 from - $56,772 in 2025 . - **Net Cash Used in Investing Activities (Total)**: Increased to - $891,900 in 2026 from - $56,722 in 2025 . - **Net Cash Provided by (Used in) Financing Activities (Continuing Operations)**: Increased to $1,607,213 in 2026 from - $14,289 in 2025 . - **Net Cash Used in Financing Activities (Discontinued Operations)**: Decreased to - $382,428 in 2026 from - $756,961 in 2025 . - **Net Cash Provided by (Used in) Financing Activities (Total)**: Increased to $1,224,785 in 2026 from - $771,250 in 2025 . - **Cash and Cash Equivalents, End of Period**: Increased to $491,150 in 2026 from $256,046 in 2025 . ### Unique Metrics - **Allowance for Credit Losses (Continuing Operations)**: $43,749 as of January 31, 2026, compared to nil as of April 30, 2025 . - **Total Reportable Assets (by segment as of January 31, 2026)**: Sale of food and beverage: $1,701,082; Consulting services: $1,032,487; Sale of e-waste materials: $29,086 . - **Share-based Compensation Expense**: $29,291 for the three months ended January 31, 2026, and $87,875 for the nine months ended January 31, 2026 . - **Note Receivables**: $830,000 outstanding as of January 31, 2026, including loans to Bio Essence Pharmaceutical and Valemi Inc. . - **Prepaid Service Fee**: $416,385 as of January 31, 2026, representing unamortized balances for various service agreements . ### Future Outlook and Strategy Marwynn Holdings, Inc. plans to increase FuAn’s revenue by diversifying its markets and becoming a vendor to major food distributors . The company aims to maximize the efficiency and profitability of its core supply chain consulting and food distribution business through the disposal of Grand Forest Cabinetry Inc. . Additionally, Marwynn Holdings, Inc. is expanding into the e-waste reverse supply chain business via EcoLoopX Corporation to align with long-term growth objectives and capture emerging market opportunities . ### Liquidity Outlook Marwynn Holdings, Inc. incurred a net loss from continuing operations of approximately - $3.52 million and a net loss from discontinued operations of approximately - $0.65 million for the nine months ended January 31, 2026, with a cash outflow from operating activities from continuing operations of approximately - $1.30 million . These conditions raise substantial doubt about the company’s ability to continue as a going concern within one year from the issuance date of the financial statements . The company may need additional cash resources and may seek to issue debt or equity securities or obtain a credit facility to fund future operations, investments, acquisitions, or strategic actions if cash requirements exceed current amounts . ### Related Stocks - [MWYN.US](https://longbridge.com/en/quote/MWYN.US.md) ## Related News & Research - [Stream Realty Partners Announces Manufacturing, Food & Beverage, and Distribution Platform](https://longbridge.com/en/news/286950557.md) - [Lytica Launches Supplier Intelligence to Modernize Buyer-Supplier Dynamics in Electronics Procurement](https://longbridge.com/en/news/286921721.md) - [06:00 ETVon Londoner Bussen bis E-Supermarktflotten: Geotab zeichnet fünf europäische Flotten aus](https://longbridge.com/en/news/286891047.md) - [11:42 ETLG ELECTRONICS NAMED TO 'FORBES 'ACCESSIBILITY 200' LIST](https://longbridge.com/en/news/286940876.md) - [Are Protein Drinks the Turnaround Catalyst That Beyond Meat Stock Needs?](https://longbridge.com/en/news/286950203.md)