Classover Holdings - Class B | 10-Q: FY2025 Q3 Revenue: USD 1.288 M

Revenue: As of FY2025 Q3, the actual value is USD 1.288 M.

EBIT: As of FY2025 Q3, the actual value is USD -410.81 K.

Segment Revenue

• Total Revenue: Increased by $308,704, or 32%, from $978,934 for the three months ended September 30, 2024, to $1,287,638 for the three months ended September 30, 2025.
• Service Revenues: Increased by $408,704, or 46%, from $878,934 for the three months ended September 30, 2024, to $1,287,638 for the three months ended September 30, 2025.
• Consulting Revenues (Related Party): No consulting revenue was generated in the third quarter of 2025, compared to $100,000 in the third quarter of 2024.

Operational Metrics

• Gross Profit: Increased by $355,971, from $543,053 for the three months ended September 30, 2024, to $899,024 for the three months ended September 30, 2025.
• Gross Margin: Increased from 55% for the three months ended September 30, 2024, to 70% for the three months ended September 30, 2025.
• Net Income (Loss): Increased from a loss of $176,620 for the three months ended September 30, 2024, to a net income of $2,520,989 for the three months ended September 30, 2025.

Cash Flow

• Net Cash Used in Operating Activities: - $3,174,525 for the nine months ended September 30, 2025, compared to - $575,852 for the nine months ended September 30, 2024.
• Net Cash Used in Investing Activities: - $2,300,000 for the nine months ended September 30, 2025, compared to - $185,705 for the nine months ended September 30, 2024.
• Net Cash Provided by Financing Activities: $8,852,667 for the nine months ended September 30, 2025, compared to $230,000 for the nine months ended September 30, 2024.

Unique Metrics

• Registered Users: Increased from 61,387 as of December 31, 2024, to 71,556 as of September 30, 2025.
• Educator Partners: Increased from 936 as of December 31, 2024, to 1,144 as of September 30, 2025.

Future Outlook and Strategy

• Core Business Focus: The company plans to continue growing its user base and paid subscribers, focusing on retaining existing customers and converting registered users to paid subscribers.
• Non-Core Business: The company completed its consulting service obligation by the end of 2024 and is uncertain about future growth of consulting revenue as no new consulting contracts have been secured as of September 30, 2025.
• Priority: The company has entered into an equity purchase facility agreement with Solana Strategic Holdings LLC for up to $400 million in newly issued shares of Class B common stock and a Securities Purchase Agreement for up to $500 million in senior secured convertible notes.