Mag Mile Capital Reports Record First Quarter 2026 Results with 205% Revenue Growth and Return to Profitability
Rhea-AI Summary
Mag Mile Capital (OTCQB: MMCP) reported record Q1 2026 results, highlighted by a 205% revenue increase to $2.38 million and a return to profitability with net income of $301,433.
Gross profit rose 173% to $698,293, operating cash flow was $130,339, and stockholders' equity improved from a $(290,333) deficit at year-end 2025 to positive $11,100. Cash totaled about $644,000 and working capital was $169,103.
Results were driven by large institutional transactions, including a $79.5 million refinance for HKB Hotels Group that generated roughly $1.39 million in gross revenue, plus about $1.19 million each of securitization fees and success fees.
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Positive
- Q1 2026 revenue grew 205% year-over-year to $2.38 million
- Gross profit increased 173% to $698,293 versus $256,080 in Q1 2025
- Net income improved to $301,433 compared to $9,714 in Q1 2025
- Generated positive operating cash flow of $130,339 in Q1 2026
- Stockholders' equity improved from $(290,333) deficit to $11,100 positive
- Closed $79.5 million refinance generating approximately $1.39 million gross revenue
- Earned about $1.19 million securitization fees and $1.19 million success fees in Q1 2026
- Cash balance reached approximately $644,116 with working capital of $169,103
Negative
- None.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Chicago, Illinois--(Newsfile Corp. - May 15, 2026) - Mag Mile Capital, Inc. (OTCQB: MMCP) ("Mag Mile" or the "Company"), a national commercial real estate mortgage banking and capital advisory firm, today announced financial results for the quarter ended March 31, 2026.
First Quarter 2026 Financial Highlights
- Revenue increased
205% year-over-year to$2.38 million , compared to$780,500 in Q1 2025. - Gross profit increased
173% to$698,293 , compared to$256,080 in the prior-year period. - Net income improved to
$301,433 , versus$9,714 in Q1 2025. - Cash increased to approximately
$644,000 as of March 31, 2026. - Generated positive operating cash flow of
$130,339 during the quarter. - Stockholders' equity improved from a deficit position of
$(290,333) at year-end 2025 to positive equity of$11,100 .
Operational Momentum Driven by Large Institutional Transactions
- The Company's strong performance was driven by increased commercial real estate financing activity, including the successful closing of a
$79.5 million refinance transaction for HKB Hotels Group, which generated approximately$1.39 million in gross revenue. - Mag Mile experienced significant momentum in the Commercial Mortgage-Backed Securities (CMBS) market, which management described as 'very active in Q1.'
- The Company generated approximately
$1.19 million of securitization fees and approximately$1.19 million of success fees during the quarter.
Management Commentary
- "We believe Q1 2026 represents a major inflection point for Mag Mile Capital," said Rushi Shah, Chief Executive Officer of Mag Mile Capital.
- "Delivering over
200% revenue growth and achieving meaningful profitability in a challenging commercial real estate environment demonstrates the strength of our platform, our lender relationships, and our ability to execute complex institutional transactions." - "We are seeing increased activity across the CMBS and structured finance markets, while a growing wave of commercial real estate maturities is creating substantial refinancing demand nationwide. We believe Mag Mile is exceptionally well-positioned to capitalize on these trends."
Strategic Growth Initiatives
- Mag Mile continues to expand its national commercial real estate finance platform across multiple states.
- The Company continues development of CapLogiq, its proprietary commercial real estate origination software platform utilizing automation and artificial intelligence.
- Management remains focused on expanding originations nationwide, increasing institutional lender relationships, recruiting top-producing originators, and pursuing strategic acquisition opportunities.
Balance Sheet and Liquidity
- Cash totaled approximately
$644,116 as of March 31, 2026. - Working capital totaled approximately
$169,103 . - Management believes the Company's improving profitability profile and positive operating cash flow position Mag Mile for continued growth in 2026.
About Mag Mile Capital, Inc.
- Mag Mile Capital, Inc. is a Chicago-based commercial real estate mortgage banking and capital advisory firm specializing in debt and equity placement across all major real estate asset classes nationwide.
Forward-Looking Statements
- This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties that could cause actual results to differ materially from those projected.
Investor Relations Contact
Mag Mile Capital, Inc.
InvestorRelations@MagMileCapital.com
312 640 7430
https://www.magmilecapital.com/
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/297623
FAQ
What were Mag Mile Capital's Q1 2026 earnings results for MMCP?
Mag Mile Capital reported Q1 2026 net income of $301,433, up from $9,714 in Q1 2025. According to Mag Mile, this return to profitability followed strong revenue growth and higher gross profit driven by increased commercial real estate financing activity and institutional transactions.
How much did Mag Mile Capital's revenue grow in Q1 2026 for MMCP?
Mag Mile Capital's Q1 2026 revenue increased 205% year-over-year to $2.38 million. According to Mag Mile, this compares with $780,500 in Q1 2025 and reflects strong commercial real estate financing activity, including large institutional deals and growth in CMBS and structured finance markets.
How did Mag Mile Capital's balance sheet change in Q1 2026 for MMCP?
Mag Mile Capital's stockholders' equity improved from a $(290,333) deficit at year-end 2025 to positive $11,100 in Q1 2026. According to Mag Mile, cash totaled about $644,116 and working capital was $169,103, supported by positive operating cash flow of $130,339.
Did Mag Mile Capital generate positive cash flow in Q1 2026 for MMCP?
Mag Mile Capital generated positive operating cash flow of $130,339 in Q1 2026. According to Mag Mile, this cash generation, combined with higher profitability, helped increase cash to approximately $644,116 and supported a shift from negative to positive stockholders' equity during the quarter.
What strategic growth initiatives is Mag Mile Capital pursuing after its Q1 2026 results for MMCP?
Mag Mile Capital is expanding its national commercial real estate finance platform and developing its CapLogiq origination software. According to Mag Mile, management is focused on growing originations nationwide, deepening institutional lender relationships, recruiting top originators, and pursuing strategic acquisition opportunities following its improved profitability profile.
How active was the CMBS market for Mag Mile Capital in Q1 2026 for MMCP?
Mag Mile Capital reported significant momentum in the CMBS market during Q1 2026, describing it as very active. According to Mag Mile, the company generated approximately $1.19 million of securitization fees and about $1.19 million of success fees from securitization-related activity in the quarter.