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Yellowstone Group Ltd

What Do They Do?

Prepares quarterly and annual financial statements and reports for small Australian and New Zealand companies listed or seeking to list on U.S. over-the-counter markets.

How Do They Make Money?

The company earns fees from small Australian and New Zealand companies for quarterly and annual financial statements and reports. Under annual agreements, each report generates a fee when completed and delivered; some quarterly work is covered by separate one-off agreements.

FY2026 revenue

Who Are Their Customers?

Clients arrange work through annual service agreements or separate one-off quarterly agreements.

Customers above 10% of revenue, FY2026
of revenue from one customer

Do Revenues Turn Into Profits?

Not on paper. It lost $10.8K in FY2026, but brought in more cash than it spent: $10.4K of free cash flow.

Operating income, FY2026
−27% of revenue
▲ +284% (Loss) vs FY2025 (−$2.8K, −43%)
Net income, FY2026
−27% of revenue
▲ +284% (Loss) vs FY2025 (−$2.8K, −43%)
Free cash flow, FY2026
26% of revenue
▲ +940% vs FY2025 ($1K, 15%)

How Are They Changing?

Since the FY2026 annual report
Latest quarter: Q1 FY2027, the three months to Jun 30, 2026
Revenue
▲ +33%
vs $7.7K in Q1 FY2026
Net income
▼ Now a loss
vs $1.4K in Q1 FY2026

Growing. Revenue grew 6.3x in 1 year, from $6.5K in FY2025 to $40.7K in FY2026, about 526% a year.

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