Revenue: As of FY2026 Q2, the actual value is USD 3.971 M.EPS: As of FY2026 Q2, the actual value is USD -0.13.EBIT: As of FY2026 Q2, the actual value is USD -1.347 M.<h3>Financial Metrics by Segment</h3><h4>Revenue</h4><ul><li>Insurance Brokerage Services: $3,970,674 for the three months ended September 30, 2025, compared to $975,501 for the same period in 2024.</li><li>Referral Business: No revenue for the three months ended September 30, 2025, compared to $18,416 for the same period in 2024.</li><li>Total Revenue: $3,970,674 for the three months ended September 30, 2025, compared to $993,917 for the same period in 2024.</li></ul><h4>Operational Metrics</h4><ul><li>Cost of Sales: $4,946,977 for the three months ended September 30, 2025, compared to $109,639 for the same period in 2024.</li><li>Gross (Loss) Profit: -$976,303 for the three months ended September 30, 2025, compared to $884,278 for the same period in 2024.</li><li>General &amp; Administrative Expenses: $349,519 for the three months ended September 30, 2025, compared to $273,762 for the same period in 2024.</li><li>(Loss) Income from Operations: -$1,325,822 for the three months ended September 30, 2025, compared to $610,516 for the same period in 2024.</li><li>Net (Loss) Income: -$1,113,358 for the three months ended September 30, 2025, compared to $488,706 for the same period in 2024.</li></ul><h4>Cash Flow</h4><ul><li>Net Cash Provided by Operating Activities: $4,258,301 for the six months ended September 30, 2025, compared to $1,049,090 for the same period in 2024.</li><li>Net Cash Used in Investing Activities: No cash used in investing activities for the six months ended September 30, 2025 and 2024.</li><li>Net Cash (Used in) Provided by Financing Activities: -$296,410 for the six months ended September 30, 2025, compared to $91,556 for the same period in 2024.</li><li>Cash and Cash Equivalents at End of Period: $12,519,196 as of September 30, 2025, compared to $6,298,869 as of September 30, 2024.</li></ul><h3>Future Outlook and Strategy</h3><ul><li>Core Business Focus: The company plans to lower referral fees paid to referrers to levels not exceeding the benchmark set by the Hong Kong Insurance Authority, which is expected to lower referral-related commission costs going forward.</li><li>Non-Core Business: The company has entered into a collaborative partnership with a trust company in Hong Kong to refer clients for asset management services, earning commissions based on the value of the investment products purchased by the referred clients.</li><li>Priority: The company aims to align with the Insurance Authority’s guidance and reduce referral fee rates to a range of approximately 40% to 50%, at or below the benchmark level, since October 2025.</li></ul>

QDM International Inc. | 10-Q: FY2026 Q2 Revenue: USD 3.971 M