Every 10-Q that MARVION INC (MVNC) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow MVNC 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 MVNC filings page.
Marvion Inc. is a Nevada holding company whose logistics, warehousing and financial consulting operations are conducted through wholly owned subsidiaries in Hong Kong and the British Virgin Islands, so investors hold stock in the U.S. parent and rely on cash transfers from these subsidiaries. The company highlights extensive legal and regulatory risks tied to doing business in Hong Kong and potential PRC oversight, including possible future approval requirements, currency controls, data-security rules and the HFCAA framework, any of which could impair operations, foreign investment and the trading or value of its securities.
For the quarter and six months ended June 30, 2026, Marvion generated net revenues of $1.05M and $1.86M, up from $0.89M and $1.53M in 2025, with net income of $97,282 and $174,891. Operating cash flow improved to $512,412. However, the balance sheet shows total liabilities of $8.76M, a shareholders’ deficit of $3.41M, and a working capital deficit of $3.89M, leading management to disclose substantial going concern uncertainty and dependence on shareholder support, external borrowings and additional financing.
Marvion Inc. reported a profitable quarter for the three months ended March 31, 2026, while still operating with a substantial shareholders’ deficit and going concern uncertainties. Revenue rose to $803,742 from $641,023 a year earlier, driven mainly by its Hong Kong supply chain segment, which provides logistics and warehousing services.
Net income increased to $77,609 compared with $6,977 in the prior-year quarter, and operating cash flow improved to $374,329. Cash and cash equivalents were $727,304, versus total liabilities of $8,978,591, leaving a shareholders’ deficit of $3,510,719.
The company highlights significant legal and regulatory risks tied to its structure as a Nevada holding company with operations in Hong Kong and the British Virgin Islands, including potential PRC policy shifts, currency controls, and tax exposure. It has made no dividends or cash transfers with subsidiaries to date and does not expect to pay dividends in the foreseeable future. Management acknowledges a working capital deficit and dependence on shareholder support and future financing to remain a going concern.
Marvion Inc. (MVNC) reported strong top-line growth and a modest profit. Q3 2025 revenue was $948,104 versus $390,275 a year ago, lifting gross profit to $391,360. The quarter posted net income of $5,098 compared with a prior-year loss. For the nine months, revenue reached $2,478,895 (vs. $1,019,593) and net income was $119,876 (vs. a loss of $300,458).
The balance sheet remains highly leveraged. Total liabilities were $10,253,447 against assets of $4,898,465, resulting in a shareholders’ deficit of $5,354,982. Cash was $397,864. During 2025, the company issued 31,430,316 common shares to settle consultancy fees, adding $562,603 to additional paid-in capital. Related-party financing was significant, with amounts due to a director of $1,500,363 and to a shareholder of $1,204,156. The earn-out payable increased to $2,000,000. Operating cash flow was $99,343, while investing used $826,413; financing provided $788,965.
The company operates in Hong Kong through subsidiaries and highlights regulatory and structural risks tied to Hong Kong/PRC policies. As of November 12, 2025, common shares outstanding were 340,389,151.