MYCB
My City Builders, Inc.0.8480
+0.0000+0%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
15.20MP/E (TTM)
-Basic EPS (TTM)
0.00Dividend Yield
0%Recent Filings
10-Q
8-K
10-K
FY2025 results
My City Builders swung to a net loss of $498,315 for FY2025 ended July 31, 2025, after a slim $25,752 profit the prior year, driven by the July 8 sale of its real estate subsidiaries that triggered a $230,730 disposal loss and $162,513 discontinued operations hit, while continuing operations narrowed its loss to $105,072 on slashed professional fees. Discontinued real estate activities generated $391,554 in revenue—up sharply from $59,300—with $121,624 from rentals and $269,930 from selling two homes, yet operating expenses climbed to $469,125 amid construction and sales costs, erasing prior-year gains from a $1.3 million nonmonetary property settlement. Cash dwindled to $2,189 amid $504,584 in operating outflows, offset by $877,844 in financing inflows including related-party advances and bank borrowings; the firm ended with positive working capital of $4,469 after shedding subsidiary liabilities. No dividends paid beyond the $35,623 minority distribution. Thin liquidity persists. Ongoing litigation with partners could stall property deals.
8-K
Sells subsidiary, becomes shell
My City Builders sold its entire stake in subsidiary RAC Real Estate Acquisition Corp. to RAC Merger, LLC—controlled by company insiders—for $2,374,896 on July 8, 2025. The deal funnels $35,623 in cash to minority shareholders while offsetting the insiders' 98.5% share via share assignment. This strips the company of operations, turning it into a shell. Insiders now own RAC outright.
10-Q
Q2 FY2025 results
My City Builders posted rental revenue of $55.3K for the six months ended January 31, 2025, up 180% y/y from $19.8K, while narrowing its operating loss to $102K from $130K and net loss to $153K from $1.1M, thanks to no repeat of last year's $947.5K impairment hit. Gross margin on rentals held steady at ~77%, but interest expenses climbed to $49.7K from $3.8K amid expanded bank debt for construction. Cash dipped to $17K, with operating outflows of $415K offset by $679K in related-party financing; total debt stands at $1.2M, mostly long-term construction loans at 8.5-9.5% maturing through 2054, and working capital surged to $1.4M after settling $1.1M related-party dues via stock issuance. Eleven homes now leased in Gadsden, Alabama, with three more under construction. Tenant concentration remains high, with eight renters driving 87% of revenue.
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