Future FinTech Q2 FY26 net loss turns to USD 1.93 million; revenue drops 43.91% to USD 333,409
FTFT•Auditor change and acquisition termination
The audit committee dismissed Fortune CPA, naming Wei, Wei & Co. as auditor.
The company also terminated the proposed TansGen acquisition and said it is now seeking new targets.
Quarterly results turn to loss as revenue declines
Future FinTech posted a net loss of USD 1.93 million in the quarter ended June 30, 2026, swinging from profit a year earlier.
Revenue fell 43.91% to USD 333,409, led by a 74.14% drop in FMCG sales to USD 100,265.
Gross margin widened 28.02 percentage points to 58.14%, as trading commission and consulting revenue rose 12.75% to USD 233,144.
Operating loss widened 44.55% to USD 1.9 million, as stock-based compensation expense rose to USD 1.39 million.
