The company's revenue trajectory remains highly erratic, with a 94.4% surge in 2026Q2 failing to offset a structural margin fragility that saw operating margins plummet to -166.7%.
| Sales/Revenue | 2.2M | 1.01M | 1.29M | 48K |
| Revenue Growth % | - | -21.49% | 2589.48% | - |
| Cost of Goods Sold | 1.59M | 884.88K | 1.03M | 3.86K |
| COGS % of Revenue | - | 87.31% | 79.44% | 8.04% |
| Gross Profit | 610.61K | 128.6K | 265.44K | 44.14K |
| Gross Margin % | 27.81% | 12.69% | 20.56% | 91.96% |
| Gross Profit Growth % | - | -51.55% | 501.36% | - |
| Operating Expenses | 2.78M | 555.53K | 231.89K | 13.61K |
| OpEx % of Revenue | - | 54.81% | 17.96% | 28.35% |
| Selling, General & Admin | 2.72M | 555.34K | 231.89K | 13.61K |
| SG&A % of Revenue | - | 54.8% | 17.96% | 28.35% |
| Research & Development | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - |
| Other Operating Expenses | 61.14K | 185 | 0 | 0 |
| Operating Income | -2.17M | -426.93K | 33.55K | 30.53K |
| Operating Margin % | -98.91% | -42.13% | 2.6% | 63.61% |
| Operating Income Growth % | - | -1372.55% | 9.88% | - |
| EBITDA | -1.95M | -426.74K | 33.82K | 30.63K |
| EBITDA Margin % | -88.91% | -42.11% | 2.62% | 63.82% |
| EBITDA Growth % | - | -1361.96% | 10.39% | - |
| D&A (Non-Cash Add-back) | 219.54K | 185 | 0 | 0 |
| EBIT | -2.04M | -426.05K | 33.82K | 30.63K |
| Net Interest Income | 46.98K | -26.4K | -468 | -723 |
| Interest Income | 70.12K | 0 | 0 | 0 |
| Interest Expense | 23.14K | 26.4K | 468 | 723 |
| Other Income/Expense | 48.5K | -25.52K | -201 | -621 |
| Pretax Income | -2.06M | -452.45K | 33.35K | 29.91K |
| Pretax Margin % | -93.87% | -44.64% | 2.58% | 62.31% |
| Income Tax | 0 | 0 | 0 | 0 |
| Effective Tax Rate % | 0% | 0% | 0% | 0% |
| Net Income | -2.06M | -452.45K | 33.35K | 29.91K |
| Net Margin % | -93.87% | -44.64% | 2.58% | 62.31% |
| Net Income Growth % | - | -1456.75% | 11.49% | - |
| Net Income (Continuing) | -2.06M | -452.45K | 33.35K | 29.91K |
| Discontinued Operations | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.09 | -0.03 | 0.00 | 0.00 |
| EPS Growth % | - | - | - | - |
| EPS (Basic) | - | -0.03 | 0.00 | 0.00 |
| Diluted Shares Outstanding | 21.81M | 17.5M | 17.5M | 20.5M |
| Basic Shares Outstanding | 21.81M | 17.5M | 17.5M | 20.5M |
| Dividend Payout Ratio | - | - | - | - |
Liquidity and solvency risk
As indicated by the most recent quarterly data, FTRK's revenue trajectory remains highly erratic, with a 94.4% surge in 2026Q2 following periods of near-stagnation, suggesting that the company's reliance on project-based event cycles prevents the establishment of a predictable or durable top-line growth profile.
The extreme variance in quarterly revenue figures highlights the company's vulnerability to the timing of individual concert tours and endorsement contracts. Investors should monitor whether this volatility reflects a lack of recurring revenue streams or simply the inherent lumpiness of the regional entertainment agency model.
Based on reported financial statements, FTRK's gross margin has fluctuated wildly from as low as 2.5% to 40.1%, demonstrating that the firm lacks the pricing power necessary to consistently absorb the high variable costs associated with artiste fees and event production logistics.
The inability to maintain stable gross margins suggests that FTRK functions primarily as a pass-through entity rather than a value-added service provider. This lack of margin consistency implies that the company is highly susceptible to cost inflation in the competitive Southeast Asian entertainment market.
According to recent SEC filings, FTRK's operating expenses have consistently outpaced gross profit, resulting in an operating margin of -166.7% in 2026Q2, which indicates that the current fixed-cost structure is entirely disproportionate to the company's ability to generate meaningful scale in its operations.
The company's failure to achieve operating leverage suggests that its SG&A burden is too heavy for its current revenue base. Without a significant increase in event volume or a reduction in overhead, the firm appears unlikely to reach an inflection point toward sustainable profitability.
As reported in financial statements, the company's cash position of $268,436 is insufficient to cover the substantial operating losses observed in recent quarters, raising significant concerns regarding the firm's ability to fund future event deposits and maintain its ongoing operational commitments without external capital.
The combination of negative net margins and a thin cash buffer suggests that FTRK may face a liquidity crunch in the near term. Short-sellers would likely focus on the high probability of dilutive financing or potential insolvency if the company cannot secure more profitable, high-margin contracts immediately.
Quick answers to the most common questions about buying FTRK stock.
For fiscal year 2025, Fast Track Group (FTRK) reported total revenue of $1.0M. This represents a 2011.4% increase compared to $0.0M in 2023.
Fast Track Group (FTRK) reported a net loss of $0.5M for the fiscal year ending 2025.
Fast Track Group (FTRK) reported an operating income of $-0.4M, resulting in an operating profit margin of -42.1%. This margin reflects the operational efficiency of the business before interest and taxes.
Fast Track Group (FTRK) generated $0.1M in gross profit for the year, representing a gross profit margin of 12.7%. This demonstrates the company's core pricing power and production efficiency.