Here are the 10-K annual reports from Mag Mile Capital,Inc (MMCP) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow MMCP and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full MMCP filings page.
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.