Quarterly ResultAug 13, 2026, 04:14 PM
Arrive AI H1 Net Loss Widens to $20.45M; Revenue Drops
AI Summary
Arrive AI Inc. reported a significant widening of its net loss to $20.45 million for the first half of 2026, compared to $5.67 million in the same period last year. Revenue decreased substantially to $29,625 from $90,725. The company's cash and cash equivalents increased to $2.98 million, and total stockholders' equity rose to $4.74 million, partly due to the issuance and conversion of convertible notes.
Key Highlights
- Net loss for H1 2026 widened to $(20.45) million from $(5.67) million in H1 2025.
- Revenue for H1 2026 decreased to $29,625 from $90,725 in H1 2025.
- Basic and diluted net loss per share was $(0.47) for H1 2026, up from $(0.18) in H1 2025.
- Cash and cash equivalents increased to $2.98 million as of June 30, 2026.
- Total stockholders' equity increased to $4.74 million as of June 30, 2026.
- Operating expenses rose to $9.15 million in H1 2026 from $5.81 million in H1 2025.
- Company recognized a $12.04 million loss on conversion of convertible notes payable in H1 2026.
- Issued $10.0 million in convertible notes payable during H1 2026.
Price Impact
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