Welcome to our dedicated page for Mag Mile Capital SEC filings (Ticker: MMCP), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Mag Mile Capital, Inc. filings document the public-reporting obligations of an OTCQB-traded commercial real estate mortgage banking issuer. Its Form 12b-25 notice relates to the company's annual report on Form 10-K and records the period covered, registrant information, SEC file and CUSIP identifiers, and the company's use of Rule 12b-25 procedures for a delayed annual filing.
Mag Mile Capital, Inc. reported strong improvement for the quarter ended March 31, 2026. Revenue rose to $2,382,375 from $780,500 a year earlier, mainly from large commercial real estate financing deals, including a $79.5 million hotel refinance that generated $1,390,000 of gross revenue.
Gross profit increased to $698,293, and net income climbed to $301,433, compared with $9,714 in the prior-year quarter. Cash was $644,116 and working capital was $169,103, giving the company some operating flexibility, although it remains reliant at times on related-party financing.
Total assets were $976,630 and total liabilities $965,530, leaving positive stockholders’ equity of $11,100 versus a deficit at year-end 2025. Despite current profitability, management states that recurring profits are recent and financing support from related parties may still be needed, leading to “substantial doubt” about the company’s ability to continue as a going concern.
Mag Mile Capital, Inc. reports strong top-line growth but remains unprofitable and faces going concern risks. Revenue from commission income for the year ended December 31, 2025 rose to $4,062,250 from $2,051,443, a 98% increase driven by large refinance and CMBS transactions.
Gross margin more than doubled to $1,383,239, yet the company still posted a net loss of $123,755, though this improved from a $283,346 loss in 2024. Cash at year-end was $513,777 with a working capital deficit of $144,294 and an accumulated deficit of $3,095,569.
The auditor and management highlight substantial doubt about the company’s ability to continue as a going concern due to recurring losses and a weak balance sheet. Operations are highly concentrated around CEO Rushi Shah, who controls about 87% of outstanding shares, receives significant related-party commissions and provides loans and office space to the company.
Mag Mile Capital operates as a commercial real estate mortgage banking firm using its CapLogiq software platform and reported hosting an extensive 2025 marketing event in Lisbon that supported major deal flow. Management also discloses material weaknesses in internal control over financial reporting, including limited accounting staff, lack of an audit committee and incomplete control documentation.
Mag Mile Capital (MMCP) reported Q3 results showing modest top-line growth but continued losses. Revenue was $324,600 (up from $254,550), and gross profit was $136,676 versus a negative gross margin a year ago, as commission expense fell. Operating costs rose sharply to $581,547, leading to a net loss of $447,064 (vs. $450,515). For the first nine months, revenue was $1,811,975, gross profit $685,830, and net loss $502,934.
Liquidity remains tight with cash of $58,677 and a working capital deficit of $568,210; stockholders’ equity was a deficit of $669,512. Management disclosed substantial doubt about continuing as a going concern and noted material weaknesses in internal control, including inadequate segregation of duties and limited accounting expertise. Related-party financing supported operations, including a $200,000 short-term loan repaid after quarter-end. Subsequent to quarter-end, the company closed a $59 million refinance and a $14.5 million transaction with HKB Hotels, generating $1.045 million of gross revenue.