Research Reports

Key takeaways

Operating loss widened to $1.8M from $1.4M, a 26.9% increase, driven by higher operating expenses.

Net loss of $3.0M swung from $12.2M net income in Q1 FY2025, which included a gain on disposal of HUMBL.com.

Cash used in operations increased to $389K from $298K, reflecting ongoing cash burn.

Management expressed substantial doubt about the company's ability to continue as a going concern due to operating losses and working capital deficit.

Full analysis

Operating Loss Deepens on Higher Expenses

Net Loss Swing Driven by Prior-Year Gain

Cash Burn and Liquidity Concerns

Net cash used in operating activities was $389,384 in Q1 FY2026, compared to $298,235 in Q1 FY2025, indicating increased cash burn. The decrease in working capital is the direct result of proceeds received from convertible notes payable, accrued interest, and accrued expenses. As a result of operating losses and working capital deficit, management has determined that there is substantial doubt about the company's ability to continue as a going concern.

HMBL · HUMBL, Inc.

Summary

Key takeaways

Full analysis

Operating Loss Deepens on Higher Expenses

Net Loss Swing Driven by Prior-Year Gain

Cash Burn and Liquidity Concerns

Strategic Pivot to Blockchain Real Estate