First America Resources Corp reported first-quarter 2026 results with revenue rising to $4.8M, while net income decreased to $297.23K versus the prior-year quarter; diluted EPS was $0— 10-Q Summary.
Financial Highlights
MetricCurrent quarterPrior year quarterYoY changeRevenue¹$4.8M$4.02M19.3%Net income²$297.23K$375.13K(20.8%)Diluted EPS³$0$0—¹ Reported as “Revenues”. ² Reported as “Net income”. ³ Reported as “Income per share - basic and diluted”.
Business Highlights
- Revenue grew 19% year-over-year to $4.80M, reflecting continued top-line expansion.
- Gross margin improved to 63% from 56%, helped by a stable cost-of-revenues mix including freight and material processing.
- Operating expenses increased 21% as payroll, G&A and rent rose to support expanded operations and staffing.
- Operating cash flow turned positive at $399K in the quarter, supporting near-term operational needs amid expansion.
- Management expects both revenues and operating expenses to increase as the company continues its expansion, with higher investing and financing activity anticipated.
Original SEC Filing:
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