--- title: "Cheetah Net Supply Chain | 8-K: FY2026 Q1 Revenue Misses Estimate at USD 92.7 K" type: "News" locale: "en" url: "https://longbridge.com/en/news/286396761.md" datetime: "2026-05-14T10:12:13.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/286396761.md) - [en](https://longbridge.com/en/news/286396761.md) - [zh-HK](https://longbridge.com/zh-HK/news/286396761.md) --- # Cheetah Net Supply Chain | 8-K: FY2026 Q1 Revenue Misses Estimate at USD 92.7 K Revenue: As of FY2026 Q1, the actual value is USD 92.7 K, missing the estimate of USD 200 K. EPS: As of FY2026 Q1, the actual value is USD -4.53, beating the estimate of USD -10. EBIT: As of FY2026 Q1, the actual value is USD -907.76 K. #### Segment Revenue Cheetah Net Supply Chain Service Inc. reported total revenue of $92,700 for the quarter ended March 31, 2026, which is a decrease of $387,099 or 80.7% compared to $479,799 in the same period in 2025, primarily due to pressure and uncertainty in global trade affecting cross-border logistics demand and customer activity. Revenue from Edward Transit Express Group Inc. decreased by 36.5% to $39,700 for the three months ended March 31, 2026, from $62,515 in the prior year, representing 42.8% of the Company’s total revenue. Revenue from TW & EW Services Inc. decreased by 87.3% to $53,000 for the three months ended March 31, 2026, from $417,284 in the prior year, representing 57.2% of the Company’s total revenue. #### Operational Metrics **Cost of Revenue**: The cost of revenue was $72,833 for the three months ended March 31, 2026, compared to $423,543 for the same period in 2025. **Gross Profit**: Gross profit for the three months ended March 31, 2026, was $19,867, a decrease of $36,389 or 64.7% from $56,256 for the three months ended March 31, 2025. **Operating Loss**: The Company recorded an operating loss of -$764,319 for the quarter ended March 31, 2026, an improvement of $196,129 or 20.4% compared to an operating loss of -$960,448 in the same period in 2025. **General and Administrative Expenses**: General and administrative expenses decreased by $230,515 or 23.0% to $770,004 for the three months ended March 31, 2026, from $1,000,519 in the prior year. **Share-based Compensation Expenses**: Share-based compensation expenses were $14,182 for the three months ended March 31, 2026, a decrease of $2,003 or 12.4% from $16,185 in the prior year. **Interest Income**: Interest income from continuing operations was $151,142 for the three months ended March 31, 2026, a decrease of $56,948 or 27.4% from $208,090 in the prior year. **Interest Expenses**: Interest expense incurred from continuing operations was -$7,700 for the three months ended March 31, 2026, a slight decrease of $1,112 or 12.6% from -$8,812 in the prior year. **Other Income, Net**: Other income, net was $152,454 for the three months ended March 31, 2026, a decrease of $59,440 or 28.1% from $211,894 in the prior year. **Income Tax Provision**: The Company recorded an income tax provision of $4,400 for the three months ended March 31, 2026, compared to $5,355 in the prior year. **Net Loss from Continuing Operations**: The net loss from continuing operations was -$616,265 for the quarter ended March 31, 2026, an improvement of $137,644 or 18.3% compared to a net loss of -$753,909 in the same period in 2025. **Net Loss**: The total net loss was -$616,265 for the three months ended March 31, 2026, compared to -$753,909 for the same period of 2025. **Discontinued Operations**: Cheetah Net Supply Chain Service Inc. did not generate any income or incur any expenses from discontinued operations for the three months ended March 31, 2026, as it fully exited its parallel-import vehicle business in 2024. #### Cash Flow **Net Cash Used in Operating Activities**: Net cash used in operating activities was -$2,457,939 for the three months ended March 31, 2026, compared to -$772,374 for the same period in 2025. **Net Cash Used in Investing Activities**: Net cash used in investing activities was -$37,142,689 for the three months ended March 31, 2026, compared to -$3,026,400 for the same period in 2025. **Net Cash Used in Financing Activities**: Net cash used in financing activities was -$40,081,359 for the three months ended March 31, 2026, compared to -$68,539 for the same period in 2025. **Net Increase (Decrease) in Cash**: The net increase in cash was $480,731 for the three months ended March 31, 2026, compared to a net decrease of -$1,326,813 for the same period in 2025. #### Unique Metrics **Cash and Cash Equivalents**: As of March 31, 2026, cash and cash equivalents were $713,948, up from $233,217 as of December 31, 2025. **Working Capital**: As of March 31, 2026, Cheetah Net Supply Chain Service Inc. had a working capital balance of $47,258,195, calculated as total current assets of $48,377,713 minus total current liabilities of $1,119,508. **Loan Receivable from Third Parties**: As of March 31, 2026, loan receivable from third parties was $4,441,513, down from $7,430,111 as of December 31, 2025. **Deposit on Long-Term Investment**: As of March 31, 2026, deposit on long-term investment was $40,131,287, compared to $0 as of December 31, 2025. #### Outlook / Guidance Cheetah Net Supply Chain Service Inc. is prioritizing cost discipline, operational efficiency, and financial flexibility while exploring strategies for long-term growth. The Company completed a private placement to fund future strategic initiatives and is streamlining its logistics and warehousing business. 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