Quarterly ResultMay 15, 2026, 01:18 PM
FDCTECH Q1 Revenue Jumps 154.5% to $15.2M; Net Income $6.87M
AI Summary
FDCTECH reported a significant increase in its first-quarter 2026 financial results, with total revenue rising 154.5% to $15.2 million and net income soaring to $6.87 million from $0.1 million in the prior year. The company also saw a substantial increase in cash and cash equivalents, reaching $36.9 million. These results follow a restatement of Q1 2025 financials due to an error in subsidiary reporting, and the company noted no material disruption from geopolitical conflicts.
Key Highlights
- Total revenue increased 154.5% to $15,214,492 for Q1 2026, up from $5,976,948 in Q1 2025.
- Net income for Q1 2026 was $6,869,920, a significant rise from $104,548 in Q1 2025.
- Basic and diluted net income per common share was $0.016 for Q1 2026, compared to $0.000 in Q1 2025.
- Brokerage (Trading) revenue grew 231% to $12,009,418 in Q1 2026 from $3,628,349 in Q1 2025.
- Technology & software revenue increased 101.4% to $1,639,222 in Q1 2026 from $813,747 in Q1 2025.
- Cash and cash equivalents increased 108.8% to $36,891,541 as of March 31, 2026, from $17,669,749 at December 31, 2025.
- Net cash provided by operating activities was $40,727,261 for Q1 2026, up from $166,036 in Q1 2025.
- The company restated its Q1 2025 financial statements due to an error in including subsidiary results.
Price Impact
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