Future FinTech Group Inc. (FTFT) Form 10-Q — Aug 14, 2026
Future FinTech Group's Q2 FY2026 revenue fell 43.9% year over year to $333,409, with the first-half top line down 52% to $546,021, driven by a 75.4% collapse in FMCG e-commerce sales and the suspension of supply chain financing operations. The company swung to a Q2 net loss of $1.93 million from a year-ago net income of $1.85 million, and posted a six-month net loss of $3.20 million. The 10-Q carries explicit going-concern language: management states that $3.20 million of operating losses and $3.21 million of negative operating cash flow in the first half of 2026 raise substantial doubts about the company's ability to continue as a going concern. Accumulated deficits reached $226.7 million.
Key figures
- Revenue
- 546021
- Total Debt
- 3031693
- Revenue Yoy
- -51.96%
- Total Assets
- 52941429
- Cash Position
- 1921601
- Shares Outstanding
- 1868177
- Reverse splits
- ["1-for-10 (April 1, 2025)","1-for-4 (January 8, 2026)","1-for-4 (July 10, 2026)"]
- Q2 2026 revenue
- 333409
- Restricted cash
- 2295466
- Q2 2026 revenue yoy
- -43.91%
- Ft global settlement
- $4.0 million plus 107,368 shares; $2.98 million repaid as of June 30, 2026
- Investment funds escrow
- 31386307
- Private placement shares
- 30000000
- Restricted net assets prc
- $25.36 million (RMB176.10 million)
- Stock comp expense q2 2026
- 1387500
- Changshida acquisition price
- RMB44,000,000 (~$6.46 million)
- Wicl ownership after placement
- approximately 32.9%
- Wicl ownership before placement
- approximately 27.0%
- Private placement gross proceeds
- 30000000
- Convertible note received to date
- 3800000
- Private placement price per share
- 1
- Convertible note facility commitment
- 10000000
- Convertible note principal outstanding
- 3299000
Price after filing
Close on the filing date to close N calendar days later (from $3.30). Historical, not a forecast.
AI analysis
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