MMTEC, Inc. reported a net loss of approximately $1.58 million for the six months ended June 30, 2026, compared to a net loss of $46.43 million in the prior year period. Revenue decreased by 100% to nil as placement agent services ceased, resulting in zero gross profit and operating expenses of approximately $1.66 million. The significant improvement in net loss was driven by the absence of previous-year impairments, specifically a $24.35 million allowance for credit losses and a $21.29 million loss on the sale of notes receivable. Cash reserves declined to $6.51 million from $8.19 million at year-end 2025. On June 30, 2026, the company acquired HC CrediSure Technology Limited and its subsidiary Haichuan Qixin for HKD 10,000 ($1,275), making them wholly-owned subsidiaries. MMTEC, Inc. operates in the financial services industry, providing placement agent and investment banking services.