STAK Inc. Announces Financial Results for Fiscal Year 2026
The return to profit came alongside lower gross margin, continued operating cash use and increased short-term borrowings.
Sentiment and the balance of points
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Rhea-AI Summary
STAK (Nasdaq: STAK) returned to profitability with net income of $425,541 for the fiscal year ended June 30, 2026. Revenue rose 13.21% to $28.2 million, while basic and diluted earnings per share were $0.03 and $0.02, respectively, versus losses of $0.53 each in fiscal 2025.
Specialized oilfield vehicle sales increased 103.35% to $22.2 million, but equipment sales fell 53.89% to $5.5 million and automation service revenue fell to nil. Gross margin declined to 26.43% from 30.86% as higher-priced vehicles carried higher unit costs. General and administrative expenses fell to $2.0 million from $6.8 million, with no share-based compensation expense in fiscal 2026.
Cash, cash equivalents and restricted cash reached $4.9 million. Operating activities used $2.7 million, versus $2.9 million a year earlier. Short-term borrowings rose to $11,046,263 from $5,636,831.
How this balance works
Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.
It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.
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Hollow bars mark forward-looking points. How the balance works
Positive
- Major pointFiscal 2026 net income reached $425,541, versus a $5,712,680 net loss in fiscal 2025.
- Moderate pointFiscal 2026 revenue increased 13.21% to $28.2 million from $24.9 million in fiscal 2025.
- Moderate pointVehicle sales rose 103.35% to $22.2 million in fiscal 2026 from $10.9 million in fiscal 2025.
- Moderate pointGeneral and administrative expenses fell to $2.0 million in fiscal 2026 from $6.8 million in fiscal 2025.
- Moderate pointCash, cash equivalents and restricted cash rose to $4.9 million at June 30, 2026, from $1.0 million a year earlier.
7 minor points
- Minor pointVehicle average selling price increased 41.85% to $41,936 in fiscal 2026 from $29,564 in fiscal 2025.
- Minor pointEquipment average selling price increased 31.51% in fiscal 2026 versus fiscal 2025.
- Minor pointFiscal 2026 operating income reached $1,078,831, versus a $3,126,081 operating loss in fiscal 2025.
- Minor pointBasic and diluted EPS reached $0.03 and $0.02 in fiscal 2026, versus $0.53 losses each in fiscal 2025.
- Minor pointFinancing activities provided $6.8 million in fiscal 2026, versus $5.7 million in fiscal 2025.
- Minor pointEquipment-sale and receivables-sale losses were nil in fiscal 2026, versus $1,538,023 and $1,097,204 in fiscal 2025.
- Minor point. Forward-looking: it has not happened yet and may not happen.STAK plans to align production capacity and research resources with demand for higher-priced products.
Negative
- Major pointClass A shares outstanding increased to 10,010,349 at June 30, 2026, from 4,010,349 a year earlier, diluting holders.
- Moderate pointGross profit fell 3.07% to $7.5 million; margin declined to 26.43% from 30.86% in fiscal 2026.
- Moderate pointEquipment sales fell 53.89% to $5.5 million in fiscal 2026 from $12.0 million in fiscal 2025.
- Moderate pointAutomation service revenue fell to nil in fiscal 2026 from $1.8 million in fiscal 2025.
- Moderate pointOperating activities used $2.7 million in fiscal 2026, versus $2.9 million in fiscal 2025.
- Moderate pointShort-term borrowings rose to $11,046,263 at June 30, 2026, from $5,636,831 a year earlier.
9 minor points
- Minor pointEquipment sales volume declined 64.94% in fiscal 2026 versus fiscal 2025.
- Minor pointOther revenue rose 75.16% to $0.5 million in fiscal 2026, but STAK describes these sales as one-time and unsustainable.
- Minor pointCost of revenues increased 20.48% to $20.8 million in fiscal 2026 from $17.2 million in fiscal 2025.
- Minor pointSelling and marketing expenses increased to $898,008 in fiscal 2026 from $746,119 in fiscal 2025.
- Minor pointResearch and development expenses increased to $3,475,397 in fiscal 2026 from $3,269,086 in fiscal 2025.
- Minor pointInvesting activities used $0.2 million in fiscal 2026, versus $2.4 million in fiscal 2025.
- Minor pointLong-term borrowings included $324,240 due within one year and $1,591,723 non-current at June 30, 2026.
- Minor pointNet interest expense increased to $238,393 in fiscal 2026 from $167,146 in fiscal 2025.
- Minor pointIncome tax expense was $491,512 in fiscal 2026, versus a $269,962 benefit in fiscal 2025.
News Explained
At
Details
Market Reaction – STAK
On Oct 21, the day this news came out, the latest delayed price for STAK is 17.03% above the previous close. Argus tracked a peak move of +40.0% during the session. Our momentum scanner has recorded 49 alerts for this stock so far that day. The latest delayed price is $1.17. Relative volume is exceptionally heavy at 12.4x the average.
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Key Figures
- Revenue
- $28.2 million (+13.21% YoY)
- Fiscal year 2026
- Net income
- $0.4 million (vs. net loss of $5.7 million)
- Fiscal year 2026 vs. fiscal year 2025
- Basic EPS
- $0.03 (vs. loss per share of $0.53)
- Fiscal year 2026 vs. fiscal year 2025
- Gross profit margin
- 26.43% (vs. 30.86%)
- Fiscal year 2026 vs. fiscal year 2025
- Total operating expenses
- 41.06% decrease
- Fiscal year 2026 year over year
- Specialized oilfield vehicle sales
- $22.2 million (+103.35%)
- Fiscal year 2026 year over year
- Specialized oilfield equipment sales
- $5.5 million (-53.89%)
- Fiscal year 2026 year over year
- Cash, cash equivalents and restricted cash
- $4.9 million (vs. $1.0 million)
- As of June 30, 2026 vs. June 30, 2025
Previous Earnings Reports
-
Fiscal 2026 first-half revenue rose, while net income and EPS were positive and gross margin declined.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Mr. Chuanbo Jiang, Chairman and Chief Executive Officer of STAK, commented, "Fiscal year 2026 demonstrated continued progress in executing our existing business strategy, supported by stronger demand and favorable pricing for our specialized oilfield vehicles, as well as disciplined cost management. Amid improving market conditions, revenue increased
"At the same time, we remained focused on balancing strategic investment with operating efficiency. Although we increased sales commissions to support revenue growth, we maintained tight control over administrative expenses and share-based compensation. General and administrative expenses declined by
"Looking ahead, we will remain focused on executing our existing business strategy, further optimizing our product portfolio, and capitalizing on favorable industry conditions. By aligning production capacity and R&D resources with demand for higher-priced products, while maintaining prudent cost controls and targeted investment, we aim to improve our product mix, enhance operating efficiency, and build a stronger foundation for sustainable, long-term growth across changing market conditions."
Fiscal Year 2026 Financial Summary
- Revenues were
$28.2 million in fiscal year 2026, an increase of13.21% from$24.9 million in fiscal year 2025. - Gross profit was
$7.5 million in fiscal year 2026, compared to$7.7 million in fiscal year 2025. - Gross profit margin was
26.43% in fiscal year 2026, compared to30.86% in fiscal year 2025. - Net income was
$0.4 million in fiscal year 2026, compared to a net loss of$5.7 - Basic earnings per share were
$0.03 $0.53 $0.02 $0.53
Fiscal Year 2026 Financial Results
Revenues
Revenues were
Sales of specialized oilfield equipment were
Sales of specialized oilfield vehicles were
Service revenue from automation solutions was nil in fiscal year 2026, compared to
Other revenue was
Cost of Revenues
Cost of revenues was
Gross Profit and Gross Profit Margin
Gross profit was
Operating Expenses
Total operating expenses were
- Selling and marketing expenses were
$0.9 million $0.7 million - General and administrative expenses were
$2.0 million in fiscal year 2026, compared to$6.8 million in fiscal year 2025. No share-based compensation expense was incurred in fiscal year 2026. The decrease in general and administrative expense was attributable to a decrease in share-based compensation expense of$3.9 million $0.5 million $0.4 million - Research and development expenses were
$3.5 million in fiscal year 2026, compared to$3.3 million in fiscal year 2025. The increase was mainly attributed to the increase of design and development expenses to develop new products and refine existing products. The research and development expenses are mainly driven by the stage and scale of the Company's equipment development.
Net Income (Loss)
Net income was
Basic and Diluted Earnings (Loss) per Share
Basic earnings per share were
Financial Condition
As of June 30, 2026, the Company had cash, cash equivalents and restricted cash of
Net cash used in operating activities was
Net cash used in investing activities was
Net cash provided by financing activities was
About STAK Inc.
STAK Inc. is a fast-growing company specializing in the research, development, manufacturing, and sale of oilfield-specific production and maintenance equipment. The Company designs and manufactures oilfield-specialized production and maintenance equipment, then collaborates with qualified specialized vehicle manufacturing companies to integrate the equipment onto vehicle chassis, producing specialized oilfield vehicles for sale. Additionally, the Company sells oilfield-specialized equipment components, related products, and provides automation solutions. Its vision is to help oilfield services companies reduce costs and increase efficiency by providing the cutting-edge integrated oilfield equipment and automation solutions service. Its mission is to become a powerful provider for the niche markets of specialized oilfield vehicles and equipment in
Forward-Looking Statements
Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company's current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as "approximates," "assesses," "believes," "hopes," "expects," "anticipates," "estimates," "projects," "intends," "plans," "will," "would," "should," "could," "may" or similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statement and other filings with the
For more information, please contact:
STAK Inc.
Investor Relations Department
Email: ir@stakindustry.com
Ascent Investor Relations LLC
Tina Xiao
Phone: +1-646-932-7242
Email: investors@ascent-ir.com
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STAK INC. CONSOLIDATED BALANCE SHEETS (Expressed in |
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As of June 30, |
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2026 |
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2025 |
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Assets |
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Current assets: |
|
|
|
|
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|
|
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|
Cash and cash equivalents |
|
$ |
4,163,749 |
|
|
$ |
1,022,625 |
|
|
Restricted cash |
|
|
736,909 |
|
|
|
- |
|
|
Stablecoins |
|
|
2,151 |
|
|
|
- |
|
|
Accounts receivable, net |
|
|
2,834,374 |
|
|
|
1,988,785 |
|
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Inventories |
|
|
18,988,710 |
|
|
|
17,018,217 |
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Advances to suppliers |
|
|
4,183,833 |
|
|
|
562,473 |
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Amounts due from a related party |
|
|
- |
|
|
|
87,472 |
|
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Prepayments and other current assets, net |
|
|
2,688,256 |
|
|
|
2,783,842 |
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Total current assets |
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|
33,597,982 |
|
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23,463,414 |
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Non-current assets: |
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Equipment, net |
|
|
257,541 |
|
|
|
293,023 |
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Intangible assets, net |
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|
2,886,048 |
|
|
|
2,022,918 |
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Right-of-use assets, net |
|
|
19,665 |
|
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|
74,562 |
|
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Deferred tax assets |
|
|
504,450 |
|
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|
785,700 |
|
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Other non-current assets |
|
|
177,605 |
|
|
|
114,888 |
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Total non-current assets |
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|
3,845,309 |
|
|
|
3,291,091 |
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|
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Total assets |
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$ |
37,443,291 |
|
|
$ |
26,754,505 |
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Liabilities and shareholder's equity |
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Liabilities |
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Current liabilities: |
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Accounts payable |
|
$ |
2,483,829 |
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|
$ |
3,722,525 |
|
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Short-term borrowings |
|
|
11,046,263 |
|
|
|
5,636,831 |
|
|
Long-term borrowings due within one year |
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324,240 |
|
|
|
- |
|
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Contract liabilities |
|
|
88,282 |
|
|
|
1,164,334 |
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|
Amounts due to related parties, current |
|
|
78,506 |
|
|
|
30,222 |
|
|
Accrued expenses and other current liabilities |
|
|
3,529,957 |
|
|
|
1,116,014 |
|
|
Operating lease liabilities, current |
|
|
- |
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|
73,530 |
|
|
Income tax payable |
|
|
1,968,515 |
|
|
|
1,692,519 |
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Total current liabilities |
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19,519,592 |
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13,435,975 |
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Non-current liabilities: |
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|
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Long-term borrowings |
|
|
1,591,723 |
|
|
|
418,784 |
|
|
Amounts due to a related party, non-current |
|
|
272,997 |
|
|
|
- |
|
|
Total non-current liabilities |
|
|
1,864,720 |
|
|
|
418,784 |
|
|
|
|
|
|
|
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|
|
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Total liabilities |
|
$ |
21,384,312 |
|
|
$ |
13,854,759 |
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Commitments and contingencies |
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Shareholder's equity |
|
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|
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Class A ordinary shares (par value of |
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$ |
10,010 |
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$ |
4,010 |
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|
Class B ordinary shares (par value of |
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|
9,200 |
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|
9,200 |
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Additional paid in capital |
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14,438,304 |
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12,157,104 |
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Statutory reserve |
|
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811,378 |
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|
672,402 |
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Retained earnings |
|
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611,458 |
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|
324,893 |
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Accumulated other comprehensive income (loss) |
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|
178,629 |
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|
(267,863 |
) |
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Total shareholders' equity |
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$ |
16,058,979 |
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$ |
12,899,746 |
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Total liabilities and shareholder's equity |
|
$ |
37,443,291 |
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|
$ |
26,754,505 |
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STAK INC. CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (Expressed in |
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For the Years Ended June 30, |
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2026 |
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2025 |
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2024 |
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Revenues |
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$ |
28,206,019 |
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$ |
24,914,618 |
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$ |
18,918,847 |
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Cost of revenues |
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(20,752,326 |
) |
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(17,224,749 |
) |
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(13,245,171 |
) |
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Gross profit |
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7,453,693 |
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7,689,869 |
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5,673,676 |
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Operating expenses: |
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Selling and marketing expenses |
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(898,008 |
) |
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(746,119 |
) |
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(653,218 |
) |
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General and administrative expenses |
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(2,001,457 |
) |
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(6,800,745 |
) |
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(544,304 |
) |
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Research and development expenses |
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(3,475,397 |
) |
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(3,269,086 |
) |
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(1,677,456 |
) |
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Total operating expenses |
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(6,374,862 |
) |
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(10,815,950 |
) |
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(2,874,978 |
) |
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Operating income (loss) |
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1,078,831 |
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(3,126,081 |
) |
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2,798,698 |
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Other (expenses) income: |
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Interest expenses, net |
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(238,393 |
) |
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(167,146 |
) |
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|
(126,373 |
) |
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Government subsidies |
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|
6,196 |
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|
18,994 |
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|
45,638 |
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Other income (expenses), net |
|
|
70,419 |
|
|
|
(73,182 |
) |
|
|
- |
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Loss from sale of equipment |
|
|
- |
|
|
|
(1,538,023 |
) |
|
|
- |
|
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Loss from sale of accounts receivable |
|
|
- |
|
|
|
(1,097,204 |
) |
|
|
- |
|
|
Total other expenses, net |
|
|
(161,778 |
) |
|
|
(2,856,561 |
) |
|
|
(80,735 |
) |
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|
|
|
|
|
|
|
|
|
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Income (loss) before income tax |
|
|
917,053 |
|
|
|
(5,982,642 |
) |
|
|
2,717,963 |
|
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Income tax (expenses) benefit |
|
|
(491,512 |
) |
|
|
269,962 |
|
|
|
(276,189 |
) |
|
Net income (loss) |
|
|
425,541 |
|
|
|
(5,712,680 |
) |
|
|
2,441,774 |
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Net income (loss) per ordinary share: * |
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Basic |
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$ |
0.03 |
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$ |
(0.53 |
) |
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$ |
0.24 |
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Diluted |
|
|
0.02 |
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|
(0.53 |
) |
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|
0.24 |
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Weighted average number of shares |
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|
|
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Basic |
|
|
16,070,623 |
|
|
|
10,736,359 |
|
|
|
10,000,000 |
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Diluted |
|
|
19,041,623 |
|
|
|
10,736,359 |
|
|
|
10,000,000 |
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|
|
|
|
|
|
|
|
|
|
|
|
|
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|
Net income (loss) |
|
$ |
425,541 |
|
|
$ |
(5,712,680 |
) |
|
$ |
2,441,774 |
|
|
Foreign currency translation adjustments |
|
|
446,492 |
|
|
|
120,680 |
|
|
|
(31,462 |
) |
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Total comprehensive income (loss) |
|
$ |
872,033 |
|
|
$ |
(5,592,000 |
) |
|
$ |
2,410,312 |
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* |
The shares and per share information are presented on a retroactive basis to reflect the reorganization (Note 1) and share split (Note 17). |
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STAK INC. CONSOLIDATED STATEMENTS OF CASH FLOWS (Expressed in |
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For the Years Ended June 30, |
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2026 |
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2025 |
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2024 |
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CASH FLOWS FROM OPERATING |
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Net income (loss) |
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$ |
425,541 |
|
|
$ |
(5,712,680 |
) |
|
$ |
2,441,774 |
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Adjustments to reconcile net income (loss) to |
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Provision (reversal) for credit losses |
|
|
149,399 |
|
|
|
505,795 |
|
|
|
(17,508 |
) |
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Depreciation of equipment |
|
|
50,280 |
|
|
|
284,125 |
|
|
|
328,563 |
|
|
Amortization of intangible assets |
|
|
147,855 |
|
|
|
45,341 |
|
|
|
5,042 |
|
|
Amortization of operating lease right-of-use |
|
|
57,293 |
|
|
|
36,150 |
|
|
|
30,271 |
|
|
Loss on sale of accounts receivable |
|
|
- |
|
|
|
1,097,204 |
|
|
|
- |
|
|
Loss on sale of equipment |
|
|
- |
|
|
|
1,538,023 |
|
|
|
- |
|
|
Deferred income tax |
|
|
315,319 |
|
|
|
(269,962 |
) |
|
|
(342,875 |
) |
|
Share-based compensation |
|
|
- |
|
|
|
3,906,000 |
|
|
|
- |
|
|
Changes in operating assets and liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Accounts receivable |
|
|
(724,799 |
) |
|
|
(6,320 |
) |
|
|
529,647 |
|
|
Advances to suppliers |
|
|
(3,486,030 |
) |
|
|
879,799 |
|
|
|
(907,610 |
) |
|
Inventories |
|
|
(990,650 |
) |
|
|
(8,555,643 |
) |
|
|
(2,125,531 |
) |
|
Amounts due from/due to related parties |
|
|
142,618 |
|
|
|
34,814 |
|
|
|
(350,582 |
) |
|
Prepayments and other current assets |
|
|
973,171 |
|
|
|
(802,008 |
) |
|
|
(47,884 |
) |
|
Other non-current assets |
|
|
(59,931 |
) |
|
|
185,799 |
|
|
|
(299,443 |
) |
|
Accounts payable |
|
|
1,227,673 |
|
|
|
2,944,759 |
|
|
|
(2,565,379 |
) |
|
Contract liabilities |
|
|
(1,106,923 |
) |
|
|
1,156,151 |
|
|
|
(385,941 |
) |
|
Income tax payable |
|
|
176,193 |
|
|
|
(10 |
) |
|
|
616,111 |
|
|
Accrued expenses and other current liabilities |
|
|
50,146 |
|
|
|
(146,238 |
) |
|
|
436,146 |
|
|
Operating lease liabilities, current |
|
|
(75,313 |
) |
|
|
- |
|
|
|
(80,098 |
) |
|
Net cash used in operating activities |
|
$ |
(2,728,158 |
) |
|
$ |
(2,878,901 |
) |
|
$ |
(2,735,297 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CASH FLOWS FROM INVESTING |
|
|
|
|
|
|
|
|
|
|
|
|
|
Purchases of equipment |
|
|
- |
|
|
|
(61,622 |
) |
|
|
(17,427 |
) |
|
Purchases of intangible assets |
|
|
(875,728 |
) |
|
|
(1,991,345 |
) |
|
|
- |
|
|
Proceeds from sale of equipment |
|
|
563,337 |
|
|
|
- |
|
|
|
- |
|
|
Loans to third parties |
|
|
(1,867,315 |
) |
|
|
(989,999 |
) |
|
|
(553,649 |
) |
|
Collection of loans to third parties |
|
|
1,960,166 |
|
|
|
602,969 |
|
|
|
297,863 |
|
|
Net cash used in investing activities |
|
$ |
(219,540 |
) |
|
$ |
(2,439,997 |
) |
|
$ |
(273,213 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CASH FLOWS FROM FINANCING |
|
|
|
|
|
|
|
|
|
|
|
|
|
Contribution from shareholders |
|
|
- |
|
|
|
- |
|
|
|
50,000 |
|
|
Net proceeds from initial public offering |
|
|
- |
|
|
|
4,187,707 |
|
|
|
- |
|
|
Release of IPO proceeds held in escrow |
|
|
400,000 |
|
|
|
- |
|
|
|
- |
|
|
Proceeds from third-party loans |
|
|
2,402,059 |
|
|
|
- |
|
|
|
- |
|
|
Proceeds from short-term bank loans |
|
|
7,670,861 |
|
|
|
5,597,217 |
|
|
|
5,501,882 |
|
|
Proceeds from long-term bank loans |
|
|
1,429,797 |
|
|
|
415,841 |
|
|
|
117,650 |
|
|
Repayments of short-term bank loans |
|
|
(5,065,771 |
) |
|
|
(4,366,328 |
) |
|
|
(2,595,228 |
) |
|
Repayments of long-term bank loans |
|
|
- |
|
|
|
(117,822 |
) |
|
|
- |
|
|
Net cash provided by financing activities |
|
$ |
6,836,946 |
|
|
$ |
5,716,615 |
|
|
$ |
3,074,304 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Effect of exchange rate changes on cash, cash |
|
|
(11,215 |
) |
|
|
(33,246 |
) |
|
|
(839 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net increase in cash, cash equivalents and |
|
|
3,878,033 |
|
|
|
364,471 |
|
|
|
64,955 |
|
|
Cash and cash equivalents at beginning of the |
|
|
1,022,625 |
|
|
|
658,154 |
|
|
|
593,199 |
|
|
Cash, cash equivalents and restricted cash |
|
$ |
4,900,658 |
|
|
$ |
1,022,625 |
|
|
$ |
658,154 |
|
|
Including: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents at the end of the |
|
|
4,163,749 |
|
|
|
1,022,625 |
|
|
|
658,154 |
|
|
Restricted cash at the end of the year |
|
|
736,909 |
|
|
|
- |
|
|
|
- |
|
|
SUPPLEMENTAL DISCLOSURE OF |
|
|
|
|
|
|
|
|
|
|
|
|
|
Income taxes paid |
|
|
- |
|
|
|
- |
|
|
|
3,058 |
|
|
Interest paid |
|
|
253,715 |
|
|
|
183,156 |
|
|
|
120,602 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SUPPLEMENTAL DISCLOSURE OF |
|
|
|
|
|
|
|
|
|
|
|
|
|
Addition of right-of-use assets |
|
$ |
- |
|
|
$ |
72,220 |
|
|
$ |
56,085 |
|
|
Reclassification of accounts payables into |
|
|
2,337,718 |
|
|
|
- |
|
|
|
- |
|
|
Offsetting of loan to third parties and accounts |
|
|
293,108 |
|
|
|
- |
|
|
|
- |
|
|
Stablecoins settlement received for sales of |
|
|
865,000 |
|
|
|
- |
|
|
|
- |
|
|
Stablecoins used for advance payment to a |
|
|
865,000 |
|
|
|
- |
|
|
|
- |
|
|
Issuance of Class A ordinary shares |
|
|
2,287,200 |
|
|
|
- |
|
|
|
- |
|
|
Loan to a third party via stablecoins |
|
|
2,285,049 |
|
|
|
- |
|
|
|
- |
|
|
Transfer of loan from a third party to a related |
|
|
272,997 |
|
|
|
- |
|
|
|
- |
|
View original content:https://www.prnewswire.com/news-releases/stak-inc-announces-financial-results-for-fiscal-year-2026-302915863.html
SOURCE STAK Inc.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What were STAK's fiscal 2026 earnings and revenue?
STAK reported $425,541 in net income and $28.2 million in revenue for the year ended June 30, 2026. Revenue increased 13.21% from fiscal 2025, when the company recorded a $5,712,680 net loss.
Why did STAK's automation service revenue fall to zero in fiscal 2026?
STAK attributes the decline to its decision to focus research and development on its own specialized oilfield vehicle products. Automation service revenue was nil in fiscal 2026, compared with $1.8 million in fiscal 2025.
Why did STAK's equipment sales volume decline in fiscal 2026?
STAK attributes the decline to reallocating shared production facilities and research resources toward higher-priced equipment and new equipment products. Equipment sales volume fell 64.94%, while average selling price increased 31.51% compared with fiscal 2025.