Birdie Win's Net Loss Soars 9,836% Amid Revenue Decline

TL;DR

**BRWC is a burning dumpster fire; avoid at all costs.**

AI Summary

Birdie Win Corp (BRWC) reported a significant increase in net loss for the three months ended October 31, 2025, reaching $8,247, a substantial rise from the $83 net loss in the same period of 2024. Revenue decreased by 50%, from $10,000 in Q3 2024 to $5,000 in Q3 2025, primarily from financial literacy seminar services. General and administrative expenses increased to $13,247 in Q3 2025 from $9,974 in Q3 2024, including $6,000 in related party expenses in 2025. The company's accumulated deficit grew to $83,442 as of October 31, 2025, up from $75,195 on July 31, 2025. Cash and cash equivalents slightly increased to $2,565 from $2,171, but total assets declined to $14,123 from $19,570. The filing explicitly states a 'going concern' doubt due to these losses and accumulated deficit, with reliance on future profit generation and shareholder financial support. A notable change in liabilities is the $5,300 'amount owing to director' as of October 31, 2025, which was nil on July 31, 2025.

Why It Matters

Birdie Win Corp's substantial increase in net loss and declining revenue raise serious red flags for investors, indicating a deteriorating financial position and significant operational challenges. The 'going concern' warning signals potential insolvency, making BRWC a high-risk investment. For employees, this could mean job insecurity, while customers might face service disruptions if the company struggles to maintain operations. In a competitive market for financial literacy services, BRWC's inability to generate consistent revenue and control expenses puts it at a severe disadvantage, potentially leading to market share erosion and further financial strain.

Risk Assessment

Risk Level: high — The company reported a net loss of $8,247 for the three months ended October 31, 2025, a 9,836% increase from the $83 loss in the prior year, and has an accumulated deficit of $83,442. These conditions explicitly raise 'substantial doubt about the Company's ability to continue as a going concern,' indicating severe financial instability and a high risk of business failure.

Analyst Insight

Investors should immediately divest any holdings in BRWC due to the severe 'going concern' risk, escalating losses, and declining revenue. Do not consider this stock for investment until there is clear evidence of sustained profitability and a robust plan to address the accumulated deficit.

Financial Highlights

debt To Equity

1.31

revenue

$5,000

operating Margin

N/A

total Assets

$14,123

total Debt

$8,000

net Income

($8,247)

eps

($0.00)

gross Margin

N/A

cash Position

$2,565

revenue Growth

-50.0%

Revenue Breakdown

Key Numbers

• $5,000 — Revenue (50% decrease from $10,000 in Q3 2024 to Q3 2025)
• $8,247 — Net Loss (Increased from $83 in Q3 2024 to Q3 2025)
• $13,247 — General and Administrative Expenses (Increased from $9,974 in Q3 2024 to Q3 2025)
• $83,442 — Accumulated Deficit (Increased from $75,195 on July 31, 2025)
• $2,565 — Cash and Cash Equivalents (Slight increase from $2,171 on July 31, 2025)
• $14,123 — Total Assets (Decreased from $19,570 on July 31, 2025)
• $5,300 — Amount Owing to Director (New liability as of October 31, 2025, previously nil)
• 6,720,000 — Common Stock Shares Outstanding (Consistent as of October 31, 2025 and July 31, 2025)
• $6,000 — Related Party General and Administrative Expenses (Incurred for the three months ended October 31, 2025)
• $24,000 — Issuance of Common Stock for Service Provider (Non-cash financing activity for the three months ended October 31, 2025)

Key Players & Entities

• Birdie Win Corporation (company) — registrant issuer
• Chee Yong Yee (person) — former President, Secretary, Treasurer, CEO, and Director
• Zonghan Wu (person) — former President, CEO, Secretary, Treasurer, and Director
• Yunyuan Chen (person) — former President, CEO, Director, and current Treasurer
• Shiyong Zhao (person) — current Chief Executive Officer and Chairman
• Fengjun Wang (person) — current Director
• Yidong Bao (person) — current Director
• SEC (regulator) — Securities and Exchange Commission
• $8,247 (dollar_amount) — net loss for three months ended October 31, 2025
• $83,442 (dollar_amount) — accumulated deficit as of October 31, 2025

FAQ

Risk Factors

• Going Concern Doubt [high — financial]: The company's significant increase in net loss to $8,247 in Q3 2025 from $83 in Q3 2024, coupled with a growing accumulated deficit of $83,442, raises substantial doubt about its ability to continue as a going concern. Reliance is placed on future profit generation and shareholder support.
• Declining Revenue and Increasing Expenses [high — financial]: Revenue has fallen by 50% to $5,000 in Q3 2025, while General and Administrative expenses have risen to $13,247, including $6,000 in related party expenses. This widening gap between revenue and expenses exacerbates the net loss.
• Deteriorating Asset Position [medium — financial]: Total assets have declined from $19,570 to $14,123 as of October 31, 2025. While cash increased slightly to $2,565, the overall decrease in assets indicates a shrinking operational base.
• New Director Loan Liability [medium — financial]: A new liability of $5,300 for 'amount owing to director' has emerged as of October 31, 2025, which was nil previously. This adds to the company's financial obligations and potential cash outflow.
• Dependence on Related Party Transactions [medium — operational]: The significant increase in General and Administrative expenses includes $6,000 in related party expenses for Q3 2025. This reliance on related parties for operational costs could pose risks if not managed transparently and at arm's length.

Industry Context

Birdie Win Corp operates in the financial literacy seminar services sector, targeting individuals and families in Malaysia and Hong Kong. This sector can be competitive, with various online and offline providers offering similar educational services. The demand for financial literacy is generally driven by economic conditions and individual financial planning needs.

Regulatory Implications

As a publicly traded company, Birdie Win Corp is subject to SEC regulations, including timely and accurate financial reporting. The 'going concern' disclosure indicates potential scrutiny from regulators and investors regarding the company's viability and financial management practices.

What Investors Should Do

1. Review the nature and terms of related party transactions, particularly the $6,000 in G&A expenses, to assess potential conflicts of interest and fair value.
2. Analyze the company's plan to address the 'going concern' doubt, focusing on strategies for revenue generation and cost management.
3. Investigate the circumstances surrounding the new $5,300 'amount owing to director' liability and its repayment terms.
4. Assess the sustainability of the business model given the significant revenue decline and increasing losses.

Key Dates

• 2025-10-31: Quarterly Period End — Reporting period for the 10-Q, showing a significant increase in net loss and decrease in revenue.
• 2025-07-31: Previous Fiscal Quarter End — Benchmark for comparison of financial position, showing a lower accumulated deficit and higher total assets.
• 2024-10-31: Prior Year Comparable Quarter End — Comparison period for the statement of operations, highlighting a substantial deterioration in financial performance.
• 2021-04-16: Company Incorporation — Foundation of Birdie Win Corp.

Glossary

Accumulated deficit

The total cumulative net losses of a company that have not been offset by net income or additional paid-in capital. (Indicates the company's historical unprofitability, which has grown to $83,442 as of October 31, 2025.)

Going concern

An assumption that a company will continue to operate for the foreseeable future, typically at least 12 months. (The filing explicitly states doubt about the company's ability to continue as a going concern due to its financial performance.)

Related party expenses

Expenses incurred in transactions between entities that are related to each other through common ownership or control. (A significant portion of G&A expenses ($6,000) in Q3 2025 were related party expenses, raising potential transparency and fairness concerns.)

Amount owing to director

A liability representing funds owed by the company to one of its directors. (This is a new liability of $5,300 as of October 31, 2025, indicating a new financial obligation to a key individual.)

Non-cash financing activity

Transactions that affect a company's financial position but do not involve the exchange of cash. (The issuance of common stock for service providers ($24,000) is a non-cash financing activity that impacts equity without immediate cash impact.)

Year-Over-Year Comparison

Compared to the prior year's comparable quarter, Birdie Win Corp has experienced a dramatic downturn. Revenue has halved from $10,000 to $5,000, while the net loss has ballooned from a negligible $83 to $8,247. General and administrative expenses have also increased significantly, contributing to the widening loss. The company's financial position has weakened, with total assets decreasing and a new director loan appearing on the balance sheet.

Filing Documents

• form10-q.htm (10-Q) — 560KB
• ex31-1.htm (EX-31.1) — 16KB
• ex32-1.htm (EX-32.1) — 9KB
• 0001493152-25-026287.txt ( ) — 3419KB
• brwc-20251031.xsd (EX-101.SCH) — 29KB
• brwc-20251031_cal.xml (EX-101.CAL) — 37KB
• brwc-20251031_def.xml (EX-101.DEF) — 92KB
• brwc-20251031_lab.xml (EX-101.LAB) — 179KB
• brwc-20251031_pre.xml (EX-101.PRE) — 168KB
• form10-q_htm.xml (XML) — 545KB

SIGNATURES

SIGNATURES 7 -2- PART I — FINANCIAL INFORMATION ITEM 1. UNAUDITED CONDENSED FINANCIAL STATEMENTS BIRDIE WIN CORPORATION CONDENSED BALANCE SHEETS AS OF OCTOBER 31, 2025 (UNAUDITED) AND JULY 31, 2025 (AUDITED) (CURRENCY EXPRESSED IN UNITED STATES DOLLARS ("US$"), EXCEPT FOR NUMBER OF SHARES) As of As of October 31, 2025 July 31, 2025 (Unaudited) (Audited) ASSETS Current assets Cash and cash equivalents $ 2,565 $ 2,171 Accounts receivable - - Prepayment(including $ 8,000 and $ 14,000 of prepayments to related party as of October 31, 2025 and July 31, 2025 respectively) 11,558 17,399 Total current assets 14,123 19,570 Non - current asset Plant and equipment, net $ - $ - Total non - current asset - - TOTAL ASSETS $ 14,123 $ 19,570 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities Accrued liabilities $ 2,700 $ 5,200 Amount owing to director 5,300 - Total current liabilities 8,000 5,200 Total liabilities $ 8,000 $ 5,200 Stockholders' equity Common stock – Par value $ 0.001 ; Authorized: 75,000,000 shares; Issued and outstanding: 6,720,000 shares as of October 31, 2025 and July 31, 2025, respectively $ 6,720 $ 6,720 Additional paid in capital 82,845 82,845 Accumulated deficit ( 83,442 ) ( 75,195 ) Total stockholders' equity $ 6,123 $ 14,370 TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 14,123 $ 19,570 The accompanying notes are an integral part of these financial statements. F-1 BIRDIE WIN CORPORATION CONDENSED FOR THE THREE MONTHS ENDED OCTOBER 31, 2025 AND 2024 (UNAUDITED) (CURRENCY EXPRESSED IN UNITED STATES DOLLARS ("US$"), EXCEPT FOR NUMBER OF SHARES) 2025 2024 Three months ended October 31 2025 2024 Revenue $ 5,000 $ 10,000 Operating expenses General and administrative expenses (including $ 6,000 and $ nil of general and administrative expenses to related party for the three months ende

View Full Filing

View this 10-Q filing on SEC EDGAR