Mag Mile Capital, Inc. reported significant financial growth in its latest 10-K filing, with total revenue from commission income reaching $4.06 million for the year ended December 31, 2025, compared to $2.05 million in 2024, marking an increase of 98%. This surge in revenue was attributed to the successful closure of several large transactions, including a $59 million refinance and a $14.5 million deal with HKB Hotels Group, which alone contributed $1.045 million to the gross revenue. The company's gross margin also improved, rising to $1.38 million from $658,260, reflecting a 110% increase year-over-year.
The company’s commission expenses rose in tandem with revenue, totaling $1.64 million, up from $870,434 in the previous year, an increase of 88%. Notably, related party commission expenses also saw a substantial rise, increasing by nearly 99% to $1.04 million, primarily due to more deals being originated by the Chairman and CEO. Despite these rising costs, Mag Mile Capital managed to reduce its net loss to $123,755 in 2025 from $283,346 in 2024, indicating improved operational efficiency and profitability metrics.
Strategically, Mag Mile Capital has undergone significant organizational changes, including a reverse merger with Megamile Capital, which was finalized on March 30, 2023. This merger has positioned the company as a full-service commercial real estate mortgage banking firm, expanding its operational footprint across multiple states, including New York, Texas, and Florida. The company has also developed a proprietary commercial real estate origination software platform named CapLogiq, which utilizes automation and artificial intelligence to enhance the efficiency of the loan closing process.
Operationally, Mag Mile Capital has reported a working capital deficit of $144,294 as of December 31, 2025, with cash reserves of $513,777. The company has seen a notable increase in its customer base and engagement metrics, driven by its strategic marketing initiatives and the successful hosting of a marketing event in Lisbon, which facilitated key transactions. The company’s employee headcount has also increased, reflecting its commitment to expanding its sales and marketing capabilities.
Looking ahead, Mag Mile Capital aims to continue its growth trajectory by investing in sales and marketing and pursuing strategic acquisitions. The company acknowledges the challenges of operating in a competitive market but remains optimistic about its ability to leverage its public company status to attract new customers and enhance its market share. However, the filing also highlights concerns regarding its ability to raise additional capital and achieve profitability, which are critical for its ongoing operations.
About Mag Mile Capital, Inc.
Mag Mile Capital is a full-service commercial real estate mortgage banking firm specializing in bridge financing, mezzanine, and permanent debt across various property types nationwide. It offers structured debt, equity solutions, and leverages extensive lending relationships to serve real estate investors, developers, and entrepreneurs. With a proprietary AI-driven origination platform, the company provides innovative financing options and capital market expertise.
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