Yellowstone Group Posts First Revenue, Net Income in Q2

TL;DR

**Yellowstone Group finally has revenue and profit, but its extreme customer concentration makes it a high-risk bet.**

AI Summary

Yellowstone Group Ltd., a Nevada corporation headquartered in Sydney, Australia, reported its first revenue for the three months ended June 30, 2025, generating $7,667 from financial consulting services, compared to $0 in the prior year period. The company achieved a net income of $1,387 for the quarter, a significant improvement from a net loss of $1,433 as of March 31, 2025, and $0 in the comparable 2024 period. Total assets increased to $23,034 as of June 30, 2025, up from $13,135 as of March 31, 2025, driven by an increase in cash and cash equivalents to $14,937 from $8,455. Current liabilities also rose to $22,467 from $13,955, primarily due to an $8,500 increase in 'other payable' and $3,333 in 'advances from customers'. The company's accumulated deficit improved from $(2,820) to $(1,433) during the quarter. A significant risk noted is customer concentration, with three customers accounting for 100% of revenue, and Customer A alone contributing 72% ($5,500) of total revenue.

Why It Matters

Yellowstone Group's first reported revenue and net income are critical milestones, indicating the company is transitioning from an inception-stage entity to an operational business. For investors, this demonstrates initial market acceptance for its financial consulting services targeting Australian and New Zealand companies seeking U.S. OTC listings. However, the extreme customer concentration, with three customers generating 100% of revenue, poses a significant competitive risk; the loss of even one major client, particularly Customer A which accounts for 72% of revenue, could severely impact future financial stability and growth. This nascent stage means high uncertainty for employees and customers, as the company's long-term viability and ability to scale remain unproven in a competitive financial consulting landscape.

Risk Assessment

Risk Level: high — The company faces high risk due to extreme customer concentration, with three customers accounting for 100% of revenue for the three months ended June 30, 2025. Specifically, Customer A alone contributed 72% ($5,500) of the total $7,667 revenue, making the company highly vulnerable to the loss of a single client.

Analyst Insight

Investors should approach Yellowstone Group with extreme caution, recognizing its early operational stage and significant customer concentration risk. Await further filings demonstrating diversification of its customer base and sustained profitability before considering any investment.

Financial Highlights

debt To Equity

N/A

revenue

$7,667

operating Margin

N/A

total Assets

$23,034

total Debt

N/A

net Income

$1,387

eps

$0.0001

gross Margin

N/A

cash Position

$14,937

revenue Growth

N/A

Revenue Breakdown

Key Numbers

• $7,667 — Revenue (First reported revenue for the three months ended June 30, 2025, up from $0 in the prior year.)
• $1,387 — Net Income (Achieved for the three months ended June 30, 2025, compared to $0 in the prior year.)
• $23,034 — Total Assets (Increased from $13,135 as of March 31, 2025, to $23,034 as of June 30, 2025.)
• $14,937 — Cash and Cash Equivalents (Increased from $8,455 as of March 31, 2025, to $14,937 as of June 30, 2025.)
• 72% — Customer A Revenue Concentration (Customer A accounted for 72% ($5,500) of total revenue for the three months ended June 30, 2025.)
• 100% — Total Customer Concentration (Three customers accounted for 100% of the Company's revenues for the three months ended June 30, 2025.)
• $22,467 — Total Current Liabilities (Increased from $13,955 as of March 31, 2025, to $22,467 as of June 30, 2025.)
• $567 — Total Stockholders' Equity (Turned positive from $(820) as of March 31, 2025, to $567 as of June 30, 2025.)
• $0.0001 — Earnings per share (Basic and diluted earnings per share for the three months ended June 30, 2025.)
• 20,000,000 — Common Shares Outstanding (As of June 30, 2025, and March 31, 2025.)

Key Players & Entities

• Yellowstone Group Ltd. (company) — registrant issuer
• Jianing Yang (person) — subscribed 20,000,000 shares of common stock
• Customer A (company) — accounted for 72% of revenue
• Customer B (company) — accounted for 19% of revenue
• Nevada (regulator) — state of incorporation
• Sydney, Australia (company) — headquarters location
• $7,667 (dollar_amount) — total revenue for Q2 2025
• $1,387 (dollar_amount) — net income for Q2 2025
• $23,034 (dollar_amount) — total assets as of June 30, 2025
• $5,500 (dollar_amount) — revenue from Customer A

FAQ

Risk Factors

• Customer Concentration Risk [high — financial]: The company faces significant revenue concentration, with three customers accounting for 100% of its revenue. Customer A alone represents 72% ($5,500) of the total revenue for the quarter ended June 30, 2025. This high dependency on a small customer base poses a substantial risk if any of these customers reduce or cease their business.
• Early Stage Operations [medium — operational]: Yellowstone Group Ltd. has just begun generating revenue in the current quarter. The company is still in its early stages of development, which implies inherent operational risks associated with scaling up, establishing processes, and achieving sustainable profitability.
• Negative Accumulated Deficit [medium — financial]: Despite a net income of $1,387 in the current quarter, the company still carries an accumulated deficit of $(1,433) as of June 30, 2025. This indicates that cumulative losses have exceeded cumulative profits since inception, suggesting a history of unprofitability.

Industry Context

The financial consulting sector is competitive, with established firms and specialized boutiques. Companies in this space often rely on strong client relationships and demonstrable expertise. Trends include increasing demand for specialized advisory services in areas like digital transformation and ESG, alongside a growing need for data analytics-driven insights.

Regulatory Implications

As a smaller reporting company, Yellowstone Group Ltd. benefits from reduced disclosure requirements under SEC regulations. However, it must still comply with general accounting principles and anti-fraud provisions. Any future growth or changes in its reporting status could trigger more stringent regulatory oversight.

What Investors Should Do

1. Monitor customer concentration closely.
2. Assess the sustainability of revenue growth.
3. Evaluate the company's path to profitability.

Key Dates

• 2025-06-30: End of Second Quarter Reporting Period — Marked the period for which the company reported its first revenue and a net income, showing initial business activity.
• 2025-03-31: End of First Quarter Reporting Period — Previous reporting period showing $0 revenue and a net loss, highlighting the significant change in performance in the subsequent quarter.

Glossary

Accumulated Deficit

The cumulative net losses of a company that have not been offset by net income since its inception. It represents a negative balance in retained earnings. (Yellowstone Group Ltd. has an accumulated deficit of $(1,433) as of June 30, 2025, indicating that the company has historically incurred more losses than profits.)

Smaller Reporting Company

A designation by the SEC for companies that meet certain lower thresholds for public float, revenue, and other metrics. These companies have reduced disclosure requirements. (Yellowstone Group Ltd. is a smaller reporting company, which exempts it from certain disclosures, such as detailed market risk information.)

Advances from Customers

Payments received from customers for goods or services that have not yet been delivered or rendered. It is recorded as a liability until the revenue is earned. (An increase in 'advances from customers' by $3,333 contributed to the rise in current liabilities, indicating future revenue potential or obligations.)

Year-Over-Year Comparison

Compared to the prior year period, Yellowstone Group Ltd. has transitioned from zero revenue and a net loss to generating $7,667 in revenue and achieving a net income of $1,387 for the three months ended June 30, 2025. Total assets have grown significantly to $23,034, primarily due to an increase in cash. However, current liabilities have also risen substantially, driven by 'other payable' and 'advances from customers'. A new and significant risk factor identified is extreme customer concentration, with 100% of revenue coming from just three clients.

Key Financial Figures

• $1 million — ources and annual turnover of less than $1 million USD, listed or seeking to list on the U
• $6,280 — dministrative expenses in the amount of $6,280. These were primarily comprised of bank
• $4,982 — sh provided by operating activities was $4,982 for the three months ended June 30, 202
• $579 — ed "cash used in investing activity" of $579. The cash used in investing activity wa
• $2,079 — zed "cash from financing activities" of $2,079, of which $2,079 was from related-party

Filing Documents

• form10-q.htm (10-Q) — 336KB
• ex31-1.htm (EX-31.1) — 16KB
• ex32-1.htm (EX-32.1) — 9KB
• 0001493152-25-012234.txt ( ) — 2247KB
• yell-20250630.xsd (EX-101.SCH) — 21KB
• yell-20250630_cal.xml (EX-101.CAL) — 33KB
• yell-20250630_def.xml (EX-101.DEF) — 55KB
• yell-20250630_lab.xml (EX-101.LAB) — 157KB
• yell-20250630_pre.xml (EX-101.PRE) — 127KB
• form10-q_htm.xml (XML) — 224KB

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 3 ITEM 3.

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 4 ITEM 4.

CONTROLS AND PROCEDURES

CONTROLS AND PROCEDURES 4 PART II OTHER INFORMATION ITEM 1.

LEGAL PROCEEDINGS

LEGAL PROCEEDINGS 5 ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS 5 ITEM 3. DEFAULTS UPON SENIOR SECURITIES 5 ITEM 4. MINE SAFETY DISCLOSURES 5 ITEM 5. OTHER INFORMATION 5 ITEM 6. EXHIBITS 5

SIGNATURES

SIGNATURES 6 -2- PART I — FINANCIAL INFORMATION ITEM 1. UNAUDITED FINANCIAL STATEMENTS YELLOWSTONE GROUP LTD BALANCE SHEET As of As of June 30, 2025 March 31, 2025 (Unaudited) (Audited) ASSETS Current assets Cash and cash equivalents $ 14,937 $ 8,455 Accounts receivable - - Prepayment and deposit 3,340 - Total current assets 18,278 8,455 Non - current asset Plant and equipment, net $ 4,756 $ 4,680 Total non - current asset 4,756 4,680 TOTAL ASSETS $ 23,034 $ 13,135 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities Accounts payable $ 3,100 $ 8,500 Other payable 8,500 - Advances from customers 3,333 Amounts due to a related party 7,534 5,455 Other payables 7,534 5,455 Total current liabilities 22,467 13,955 Total liabilities $ 22,467 $ 13,955 Stockholders' equity Common stock – Par value $ 0.0001 ; Authorized: 75,000,000 shares; Issued and outstanding: 20,000,000 shares as of June 30, 2025 and March 31, 2025 $ 2,000 $ 2,000 Additional paid in capital - - Accumulated deficit ( 1,433 ) ( 2,820 ) Total stockholders' equity $ 567 $ ( 820 ) TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 23,034 $ 13,135 The accompanying notes are an integral part of these financial statements. F-1 YELLOWSTONE GROUP LTD OF OPERATIONS 2025 2024 Three months ended June 30 2025 2024 (Unaudited) (Unaudited) Revenue $ 7,667 $ - Operating expenses General and administrative expenses 6,280 0 Total operating expenses 6,280 0 Loss from operations 1,387 0 Other income - - Net income 1,387 - Earnings per share Net loss per common share – basic and diluted 0.0001 0.0000 Weighted average number of common shares Basic and diluted 20,000,000 0 The accompanying notes are an integral part of these financial statements. F-2 YELLOWSTONE GROUP LTD OF COMPREHENSIVE LOSS 2025 2024 Three months ended June 30 2025

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK As a "smaller reporting company" as defined by Item 10 of Regulation S-K, the Company is not required to provide information required by this Item. ITEM 4. CONTROLS AND PROCEDURES Disclosure

Controls and Procedures

Controls and Procedures We maintain disclosure controls and procedures, as defined in Rule 13a-15(e) promulgated under the Securities Exchange Act of 1934 (the "Exchange Act"), that are designed to ensure that information required to be disclosed by us in the reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission's rules and forms and that such information is accumulated and communicated to our management, including our principal executive and principal financial officers, or persons performing similar functions, as appropriate, to allow timely decisions regarding required disclosure. We carried out an evaluation, under the supervision and with the participation of our management, including our chief executive officer, of the effectiveness of our disclosure controls and procedures as of June 30, 2025. Based on the evaluation of these disclosure controls and procedures, and in light of the material weaknesses found in our internal controls over financial reporting, our chief executive officer concluded that our disclosure controls and procedures were not effective. The matters involving internal controls and procedures that our management considered to be material weaknesses under the standards of the Public Company Accounting Oversight Board were: (i) lack of a functioning audit committee due to a lack of a majority of independent members and a lack of a majority of outside directors on our board of directors, resulting in ineffective oversight in the establishment and monitoring of required internal controls and procedures; (ii) inadequate segregation of duties and effective risk assessment; and (iii) insufficient written policies and procedures for accounting and financial reporting with respect to the requirements and application of both US GAAP and SEC guidelines. The aforementioned material weaknesses were identified by our chief execut

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