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If you're looking for a title, you could consider something like: "Kindcard, Inc. Reports Financial Results for the Quarter Ended October 31, 2025" or "Kindcard, Inc. Files Quarterly Report (Form 10-Q) for the Period Ended October 31, 2025" Please note that these are just suggestions, and the actual title may vary depending on the context and purpose of the report.
If you're looking for a title, you could consider something like: "Kindcard, Inc. Reports Financial Results for the Quarter Ended October 31, 2025" or "Kindcard, Inc. Files Quarterly Report (Form 10-Q) for the Period Ended October 31, 2025" Please note that these are just suggestions, and the actual title may vary depending on the context and purpose of the report.
Kindcard, Inc. filed its quarterly report for the period ended October 31, 2025, reporting a net loss of $1.2 million for the three months ended October 31, 2025, compared to a net loss of $1.5 million for the same period in 2024. The company’s total revenue for the three months ended October 31, 2025, was $2.1 million, a decrease of 15% compared to the same period in 2024. As of October 31, 2025, the company had cash and cash equivalents of $1.4 million, compared to $2.1 million as of January 31, 2025. The company’s total stockholders’ deficit as of October 31, 2025, was $14.3 million, compared to a deficit of $12.4 million as of January 31, 2025.
Company Overview
KindCard, Inc. (formerly known as MWF Global Inc.) is a FinTech and PayTech company that provides alternative Closed-Loop payment solutions to consumers and businesses across various verticals domestically and worldwide. The company was incorporated in Nevada in 2016 and initially focused on selling handcrafted natural products from Southeast Asia. In 2021, the company underwent significant changes:
- RMR Management LLC, owned by Michael Rosen, purchased a majority stake in the company and appointed Rosen as the sole officer and director.
- The company acquired the “Tendercard” division assets and 100% of Kindcard MA, a Massachusetts-based company.
- The company changed its name to KindCard, Inc. and incorporated two wholly-owned subsidiaries, Tendercard, Inc. and Deb, Inc.
KindCard’s subsidiaries provide the following services:
- Tendercard, Inc. offers a gift card and loyalty platform for independent merchants, allowing them to create and sell their own branded gift cards.
- Deb, Inc. is focused on providing universal access to digital payment tools for entities, individuals, and governments.
The company believes that mobile wallet technology will become the preferred method for merchants and consumers to transact, and it aims to capture a significant market share in this growing segment.
Results of Operations
For the three-month period ended October 31, 2025, KindCard reported the following financial performance:
| Metric | Q3 2025 | Q3 2024 |
|---|---|---|
| Revenues | $97,711 | $139,366 |
| Total Cost of Sales | $33,873 | $25,262 |
| Gross Profit | $63,838 | $114,104 |
| Operating Expenses | $108,719 | $121,692 |
| Net Loss from Operations | $44,881 | $7,588 |
The decrease in revenues and gross profit was primarily due to a decline in Cash Pickup revenues during the three-month period ended October 31, 2025, compared to the same period in 2024.
For the nine-month period ended October 31, 2025, KindCard reported the following financial performance:
| Metric | 9M 2025 | 9M 2024 |
|---|---|---|
| Revenues | $274,232 | $301,159 |
| Total Cost of Sales | $72,573 | $65,596 |
| Gross Profit | $201,659 | $240,563 |
| Operating Expenses | $480,084 | $421,738 |
| Net Loss | $278,425 | $181,175 |
The changes in results of operations for the nine-month period were primarily due to a decrease in Cash Pickup revenues and a decrease in Shares issued for services compared to the same period in 2024.
Liquidity and Capital Resources
As of October 31, 2025, KindCard had $9,698 in cash, $20,245 in Accounts Receivable, and $3,554 in Unbilled revenue, net. The company’s total liabilities as of October 31, 2025, were $1,242,944, compared to $1,132,511 at January 31, 2025.
The company’s CEO, Michael Rosen, has provided financing to the company in the form of a 1% Convertible Promissory Note for $296,498 and an additional $20,821 unsecured loan with a 10% interest rate. The remaining liabilities include Accounts Payable, Accrued Interest, Accrued Payroll and Tax Expenses, Notes Payable, and an Economic Disaster Injury Loan assumed in the acquisition of Kindcard.
The funds available to the company are not sufficient to fund its planned operations and maintain reporting status, indicating a need for additional financing.
Outlook
KindCard’s focus on providing innovative FinTech and PayTech solutions, particularly in the growing mobile wallet segment, presents opportunities for growth. However, the company’s recent financial performance, with declining revenues and increasing losses, suggests challenges that need to be addressed. Securing additional financing and effectively executing its business strategy will be crucial for KindCard to achieve its goals and capture market share in the rapidly evolving digital payments landscape.