Filing Flows › Mag Mile Capital (MMCP) › Q1 2026
Mag Mile Capital (MMCP) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 14, 2026
Mag Mile Capital (MMCP) reported revenue of $2.4M for the first quarter 2026 (Q1 2026), +205% from a year earlier and +6% from the quarter before. Operating margin was 12.7%, net earnings $301K (12.7% of revenue).
Mag Mile Capital, Q1 2026: revenue $2.4M (+205% year over year), operating margin 12.7%, net earnings $301K, operating cash flow $130K. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.4M | +6% | +205% |
| Gross profit | $698K | +0.1% | +173% |
| Operating profit | $304K | -20% | 25× |
| Net earnings | $301K | -21% | 31× |
| Operating cash flow | $130K | -83% | -7% |
What changed
Revenue was $2.4M in Q1 2026, up 205% year over year and up 6% from the previous quarter.
Gross margin was 29.3%, down 3.5 points from Q1 2025. Operating profit was $304K, a 12.7% margin (up 11.2 points year over year). Of the extra revenue versus Q1 2025, 18% reached operating profit, above the 2% margin then. Operating expenses grew 62% against revenue growth of 205%. The fastest-growing cost line was Other operating costs (+124%). Net earnings were $301K, up 3003% year over year. The effective tax rate was 0.0%.
Operating cash flow was $130K (down 7% year over year), 43% of net earnings. Non-cash charges added back $46K of share-based compensation. Working capital and other items used $217K.
Questions
What was Mag Mile Capital's revenue in the first quarter 2026?
Mag Mile Capital (MMCP) reported revenue of $2.4M for the first quarter 2026 (Q1 2026), +205% from a year earlier and +6% from the quarter before.
Was Mag Mile Capital profitable in the first quarter 2026?
Operating profit was $304K (12.7% of revenue) and net earnings $301K.
Source: Mag Mile Capital 10-Q on SEC EDGAR.