NightFood Holdings Reports $2.7M Revenue Growth and $5.4M Net Loss for Quarter Ending March 31, 2026

NightFood Holdings, Inc., operating under the name TechForce Robotics, reported significant financial developments in its latest 10-Q filing for the quarter ending March 31, 2026. The company generated revenues of $2.7 million for the quarter, a substantial increase from just $1,264 in the same period last year. For the nine months ending March 31, 2026, total revenues reached $5.7 million, compared to $1,681 in the prior year. This growth is attributed primarily to the contributions from the recently acquired hotel properties and the foodservice packaging segment, which began operations following the acquisition of SWC Group, Inc. in March 2025.

The company reported a net loss of $5.4 million for the quarter, compared to a loss of $2.5 million in the previous year, marking a 113% increase in losses. The loss from operations widened to $4.2 million, driven by increased general and administrative expenses, which rose to $5.1 million from $1.6 million year-over-year. This increase reflects expanded payroll, public company compliance costs, and integration expenses related to the hotel and foodservice operations. The company also incurred $1.1 million in depreciation and amortization expenses, reflecting the impact of the hotel acquisitions.

In terms of strategic developments, NightFood has made significant acquisitions, including the Holiday Inn in Victorville and the Hilton Garden Inn in Rancho Mirage, which were completed in August and September 2025, respectively. These acquisitions are intended to enhance the company's operational presence in the hospitality sector and provide environments for testing its robotic solutions. The company has also expanded its product offerings, including the introduction of various AI-enhanced robotic systems designed to improve operational efficiency in hospitality and foodservice settings.

Operationally, NightFood has reported a total of 2,381,085 in hotel revenues for the quarter, accounting for 88% of total revenues, while foodservice packaging contributed $322,069. The Robotics-as-a-Service segment generated $5,869, indicating early-stage deployments. The company has also seen an increase in its total assets, which rose to $129 million from $7.3 million in the previous year, largely due to the acquisitions. However, liabilities also increased significantly, totaling $46.4 million, reflecting the debt associated with the acquisitions and operational expansion.

Looking ahead, NightFood's management has expressed concerns regarding liquidity, with a working capital deficit of $23.5 million and an accumulated deficit of $60.2 million as of March 31, 2026. The company plans to pursue additional financing to support its operations and growth initiatives, including scaling its foodservice packaging and robotics revenues. Management is also focused on improving hotel performance and exploring further acquisitions to enhance its market position. However, the company acknowledges that its ability to continue as a going concern is contingent upon securing necessary financing and achieving operational profitability.