My City Builders Reports $34.96M Revenue in Q3 FY 2025, Net Loss Improves

My City Builders, Inc. reported its financial results for the third quarter of fiscal year 2025, revealing a total revenue of $34.96 million for the three months ending April 30, 2025, a significant increase from $15.88 million during the same period in the previous year. For the nine months ending April 30, 2025, the company generated $90.23 million in revenue, compared to $35.65 million in the prior year. Despite this growth in revenue, the company reported a net loss of $62.27 million for the quarter, an improvement from a loss of $81.37 million in the same quarter last year. The nine-month net loss also decreased to $215.05 million from $1.17 billion in the previous year.

The company’s financial position showed notable changes compared to the previous fiscal period. Total assets increased to $4.31 million as of April 30, 2025, up from $3.47 million at the end of July 2024. This growth was primarily driven by an increase in homes inventory for sale, which rose to $1.93 million from $1.61 million. Current liabilities decreased significantly to $451,681 from $1.57 million, reflecting a reduction in accounts payable and accrued liabilities, as well as a decrease in due to related parties.

Strategically, My City Builders has focused on expanding its real estate operations through its wholly-owned subsidiary, RAC Real Estate Acquisition Corp. The company has been actively involved in low-income housing projects, including the establishment of a limited liability company, RAC Gadsden, LLC, aimed at developing affordable homes in Gadsden, Alabama. The company also completed a share purchase agreement to sell 100% of RAC Real Estate Acquisition Corp. for $2.37 million, which was structured to benefit its majority shareholder, RAC Merger LLC.

Operationally, My City Builders has seen an increase in its customer base, with the number of shares outstanding rising to 16.28 million from 11.99 million year-over-year. The company’s engagement metrics indicate a growing interest in its rental properties, as evidenced by the increase in rental income, which reached $34.96 million for the quarter, compared to $15.88 million in the prior year. The company’s employee headcount has also expanded, reflecting its growth strategy and operational needs.

Looking ahead, My City Builders anticipates continued growth in its revenue streams and operational efficiency. The management has expressed optimism about the potential for further expansion in the low-income housing market and plans to leverage its recent strategic developments to enhance profitability. However, the company acknowledges the inherent risks and uncertainties associated with its forward-looking statements, urging stakeholders to consider the various factors that may impact its future performance.