FingerMotion Inc. (NASDAQ: FNGR) has reported its financial results for the fiscal year ended February 28, 2026, revealing revenue of $24.13 million, a 32% decrease from $35.61 million in fiscal 2025. The decline was primarily attributed to lower activity in its Telecommunications Products and Services segment. The company posted a net loss of $7.0 million, or $0.12 per share, compared with a net loss of $5.11 million in the prior year. Gross profit fell 75% to $693,845.
Despite the revenue drop, FingerMotion managed to reduce operating expenses by 12% year over year. The company ended the fiscal year with a working capital surplus of $6.09 million and shareholders’ equity of $15.15 million. Management noted that it remains focused on strengthening its telecommunications business while advancing its marketplace, data analytics, and technology initiatives. The company is also evaluating opportunities in selected international markets.
FingerMotion is an evolving technology company with a core competency in mobile payment and recharge platform solutions in China. As the user base of its primary business continues to grow, the company is developing additional value-added technologies to market to its users. The vision is to rapidly grow the user base through organic means and develop an ecosystem of users with high engagement rates utilizing its innovative applications. This strategic positioning could allow the company to onboard larger customer bases. FingerMotion eventually hopes to serve over 1 billion users in the China market and expand the model to other regional markets.
The decline in revenue and gross profit signals challenges in the telecommunications segment, but the company’s cost-cutting measures and solid working capital position provide some stability. The focus on data analytics and technology initiatives could open new growth avenues, particularly if the company successfully expands its user ecosystem. For investors, the key will be whether FingerMotion can stabilize its core business while scaling new offerings.
For more details, the full press release is available at https://ibn.fm/POdJ0. The latest news and updates relating to FNGR can be found at https://ibn.fm/FNGR.
