Fast Track Group (FTRK) AI Stock Analysis

• Market Cap: $16.47M
• Dividend Yield: N/A
• Average Volume (3M): 498.63K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.53
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: US
• Employees: 4
• Sector: Communication Services
• Sector Strength: 97
• Industry: Advertising Agencies
• EPS (TTM): N/A
• Shares Outstanding: 21,812,500
• 10 Day Avg. Volume: 1,084,968
• 30 Day Avg. Volume: 498,626
• PEG Ratio: 0.12
• Price to Book (P/B): -64.36
• Price to Sales (P/S): 76.55
• P/FCF Ratio: 182.02
• Enterprise Value/Market Cap: 0.76
• Enterprise Value/Revenue: 5.76
• Enterprise Value/Gross Profit: 20.62
• Enterprise Value/Ebitda: -6.92
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 49 Neutral
• Price Target: $0.77 ▼(-0.39% Downside)

The score is held back primarily by weak profitability (recent swing to a sizable net loss) and a stressed balance sheet with deeply negative equity, despite strong top-line growth and improved operating/free cash flow. Technicals are neutral-to-mildly positive, while valuation cannot be assessed meaningfully due to missing P/E and dividend yield.

Positive Factors

Revenue Growth

Fast Track's large revenue increase indicates successful scaling and stronger market traction across APAC. Sustained top-line growth can generate operating leverage, improve bargaining power with artists/venues, and create a foundation to diversify into higher‑margin services if execution remains consistent.

Cash Generation

A meaningful turnaround to positive operating and free cash flow improves near-term liquidity and reduces reliance on external financing. Durable cash generation, if maintained, strengthens the company's ability to fund marketing, talent and production investments and supports sustainable growth of higher-margin agency offerings.

Strategic Partnerships

Repositioning toward a value-added celebrity agency model and formal partnerships (e.g., CloudX) builds differentiated capabilities in influencer and brand activations. This structural move can raise gross margins, deepen client relationships across APAC, and create repeatable, higher-value revenue streams over time.

Negative Factors

Balance Sheet Deficit

A materially negative equity base weakens the capital structure and increases solvency and refinancing risk, limiting the firm's ability to access capital on favorable terms. This constraint reduces strategic flexibility, raises creditor sensitivity, and can impair long-term investment and growth plans.

Profitability Volatility

The sharp swing to a substantial net loss and negative margins shows fragile profitability as operating expenses outpaced revenue gains. Persistent losses erode reserves, reduce reinvestment capacity, and may force dilutive financing or cost cuts that impair growth and customer‑facing capabilities.

Execution Risk

High cash‑flow variability coupled with a very small workforce (Employees: 4) raises execution risk for complex, multi‑market events. Limited internal capacity and uneven cash generation increase reliance on third parties, heightening delivery, margin and client retention risks as the business scales across APAC.

Fast Track Group Business Overview & Revenue Model

Company Description

Fast Track Group provides entertainment-focused event management and marketing services in Singapore, Malaysia, and Thailand. The company operates through Live Entertainment and Agency segments. It engages in the organization and management of live events and concerts by renowned international artistes. The company also provides agency services for artiste endorsements, including artiste broker and supply services to clients. In addition, it offers media planning, public relations management, technical production planning, celebrity sourcing, celebrity engagement consultancy, and event manpower support services. The company was incorporated in 2012 and is based in Singapore.

How the Company Makes Money

Fast Track Group Financial Statement Overview

Summary

Strong 2025 revenue growth and a meaningful rebound to positive operating/free cash flow are positives, but profitability deteriorated sharply (swing to a sizable net loss with deeply negative margins). The balance sheet is a major constraint with materially negative stockholders’ equity, increasing solvency/financing risk despite low absolute debt.

Income Statement

Revenue expanded sharply in 2025 (annual revenue up ~76%), but profitability deteriorated materially: the company swung from modest profits in 2024 (net income ~$33k) to a sizable loss in 2025 (net loss ~$452k), with deeply negative operating and net margins. Results also look volatile across years (very small 2023 revenue base followed by large scaling), which increases execution risk and reduces earnings quality.

Balance Sheet

Leverage appears low in absolute dollars (total debt ~$27k in 2025), but the capital structure is stressed because stockholders’ equity is deeply negative (about -$1.21M in 2025, also negative in prior years). Total assets increased to ~$1.36M in 2025, yet the persistent equity deficit limits financial flexibility and increases refinancing/solvency risk despite modest debt levels.

Cash Flow

Cash generation improved meaningfully in 2025, with positive operating cash flow (~$428k) and positive free cash flow (~$426k), a major turnaround from slightly negative operating/free cash flow in 2024. That said, cash flow has been inconsistent year-to-year, and 2025 cash generation occurred alongside a net loss, which warrants scrutiny of working-capital swings and sustainability.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2022
Income Statement
Total Revenue	2.18M	1.01M	1.29M	48.00K
Gross Profit	610.30K	128.60K	265.44K	44.14K
EBITDA	-1.82M	-425.87K	33.82K	30.63K
Net Income	-1.86M	-452.45K	33.35K	29.91K
Balance Sheet
Total Assets	18.28M	1.36M	133.78K	52.78K
Cash, Cash Equivalents and Short-Term Investments	8.35M	268.44K	3.19K	52.12K
Total Debt	3.41K	26.69K	75.35K	24.78K
Total Liabilities	2.67M	2.56M	886.85K	1.84M
Stockholders Equity	15.61M	-1.21M	-753.07K	-1.79M
Cash Flow
Free Cash Flow	-10.41M	426.25K	-9.52K	36.51K
Operating Cash Flow	-10.38M	428.47K	-9.52K	36.51K
Investing Cash Flow	-29.51K	-2.22K	0.00	0.00
Financing Cash Flow	18.89M	-161.01K	-39.41K	13.40K

Fast Track Group Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	60 Neutral	$48.67B	4.58	-11.27%	4.14%	2.83%	-41.78%
DLPN	50 Neutral	$19.52M	-2.96	-55.09%	―	3.86%	81.68%
FTRK	49 Neutral	$16.47M	-32.61	―	―	―	―
MNY	49 Neutral	$53.55M	-2.08	-51.45%	―	-23.29%	80.29%
CNET	44 Neutral	$3.84M	-1.26	-50.26%	―	-66.59%	67.63%
ONFO	43 Neutral	$3.76M	-1.41	-63.02%	―	70.54%	22.59%

Fast Track Group Corporate Events

Fast Track Group Posts Surging Revenue but Wider Loss in First Half of 2025

On January 13, 2026, Fast Track Group reported unaudited financial and operational results for the six months ended August 31, 2025, showing a sharp scaling of its celebrity agency and brand activation business across Southeast Asia. Revenue for the period jumped to $937,354 from $24,380 a year earlier, with gross profit rising to $376,024 and margins improving to 40% from 2%, driven by higher-margin services and large, multi-phase campaigns such as regional activations for Serba Wangi and Dongfeng Singapore’s new electric vehicle launch. The stronger top line was accompanied by a wider net loss of about $1.5 million, as total operating expenses climbed to $1.9 million on team expansion and one-off costs tied to its transition to a public listing, leaving the company with approximately $6.5 million in cash and cash equivalents at period end. Management highlighted the success of its strategic shift toward a more value-added celebrity agency model and partnerships like CloudX Entertainment as key to its enhanced positioning in APAC’s entertainment and marketing ecosystem, while emphasizing ongoing discipline around costs and governance as it targets larger, higher-profile clients and potential strategic alliances to support long-term growth.

Fast Track Group Relocates Principal Office to Parkview Square in Singapore

On January 1, 2026, Fast Track Group relocated its principal executive office to 600 North Bridge Road, Parkview Square #24-01, Singapore 188778. The administrative move, disclosed in a Form 6-K filed on January 8, 2026, signals a formal change in the company’s registered headquarters location, which may affect its corporate governance logistics and local regulatory and tax arrangements but does not, on its face, indicate a change in business strategy or operations.

Fast Track Group Partners with CloudX Entertainment for Enhanced Brand Campaigns

On December 11, 2025, Fast Track Group announced a strategic partnership with CloudX Entertainment to enhance brand amplification through celebrity and influencer campaigns in travel, sports, and entertainment. This collaboration aims to leverage Fast Track’s celebrity connections and CloudX’s influencer network to offer brands a comprehensive marketing strategy, initially focusing on Singapore with plans to expand across Asia Pacific.

Fast Track Group Completes Brand Activation for Dongfeng Singapore

Fast Track Group announced the completion of a brand activation project for Dongfeng Singapore’s new electric vehicle, the Dongfeng 007, in collaboration with celebrity Jessica Jung. The project, which included a public unveiling at Singapore’s Funan Mall in October 2025, aimed to enhance brand visibility and audience engagement, marking Fast Track’s first partnership with an electric vehicle brand.

Fast Track Group Completes Brand Activation Project for Serba Wangi

Fast Track Group announced the completion of a three-part brand activation project for Serba Wangi Sdn. Bhd., a Malaysian rice miller and wholesaler. The project, which concluded in October 2025, involved launching three new ecoBrown’s Brice wholegrain rice puffs flavors with targeted marketing campaigns featuring South Korean entertainment talent. This initiative underscores Fast Track’s strategic partnerships and its capability to enhance brand engagement and awareness in Southeast Asia.