BlueOne Card Reports Revenue Growth to $29,650 but Faces Increased Losses

BlueOne Card, Inc. reported its financial results for the quarter ending September 30, 2025, revealing a revenue of $29,650, a significant increase from zero revenue in the same period last year. For the six months ending September 30, 2025, the company generated $125,206 in revenue, again showing a stark contrast to the previous year when no revenue was recorded. Despite this revenue growth, BlueOne Card experienced a net loss of $364,007 for the quarter and $638,037 for the six-month period, compared to losses of $234,061 and $493,420, respectively, in the prior year. The increase in losses is attributed to higher operating expenses, primarily due to the integration of Millennium EBS, Inc., which was acquired in December 2024.

The company's total operating expenses for the three months ended September 30, 2025, reached $467,482, up from $229,816 in the same quarter of 2024. This increase is largely due to combined expenses from both BlueOne Card and Millennium EBS, which included higher consulting, marketing, and professional fees. For the six-month period, operating expenses totaled $900,961, compared to $487,421 in the prior year. The company also reported a significant increase in interest expenses, totaling $5,622 for the quarter and $11,212 for the six months, reflecting higher credit card interest.

In terms of operational metrics, BlueOne Card's total assets decreased to $15.28 million as of September 30, 2025, from $15.53 million at the end of the previous fiscal period. The company’s cash reserves dwindled to $496, down from $46,018, while accounts receivable increased to $18,986 from $9,720. The total liabilities rose to $2.30 million, up from $1.77 million, driven by increases in accounts payable and accrued liabilities, as well as compensation payable to the CEO. The company’s accumulated deficit also widened to $5.56 million from $4.92 million.

Strategically, BlueOne Card is focusing on expanding its market presence through the integration of Millennium EBS's advanced payment orchestration platform. This acquisition is expected to enhance the company's capabilities in providing payment solutions to banks and financial institutions. The company is also launching BlueOne Pay, a platform designed to facilitate the conversion of stablecoin USDT into USD, targeting underserved markets and aiming to capitalize on the growing demand for digital remittance services. Looking ahead, BlueOne Card aims to meet NASDAQ listing requirements by Q4 2026, contingent on market conditions and operational performance.

The company’s financial statements indicate a going concern, as it has not yet generated significant revenues and has incurred operating losses since its inception in 2007. The management has expressed that the continuation of operations is dependent on obtaining necessary financing and achieving profitability. The company is actively seeking equity and debt financing to support its operations and growth initiatives.