Quarterly ResultJun 15, 2026, 04:22 PM
DevvStream Q3 Net Loss $6.2M; Assets Halved; Going Concern Doubt
AI Summary
DevvStream Corp. reported a net loss of $6.2 million for the three months ended April 30, 2026, a significant decline from a net income of $3.5 million in the prior year period. For the nine-month period, the net loss widened to $10.1 million. The company's total assets decreased by over 50% since July 2025, and it continues to face a working capital deficit, negative cash flows, and limited revenues, raising substantial doubt about its ability to continue as a going concern.
Key Highlights
- Net loss for Q3 2026 was $6,197,316, compared to a net income of $3,522,625 in Q3 2025.
- Revenue for Q3 2026 was $720, down from $10,164 in Q3 2025.
- Net loss for the nine months ended April 30, 2026, was $10,133,425, up from $5,091,435 in the prior year.
- Total assets decreased to $5,792,422 as of April 30, 2026, from $11,871,295 as of July 31, 2025.
- Total liabilities decreased to $18,091,852 as of April 30, 2026, from $31,464,840 as of July 31, 2025.
- Shareholders' deficiency improved to $(12,299,430) from $(19,593,545) as of July 31, 2025.
- Cash and restricted cash at period-end was $281,122, a significant decrease from $9,851,111 at the beginning of the nine-month period.
- The company recorded a $1,159,038 loss on default penalty on convertible debt and a $2,442,443 loss on revaluation of cryptocurrencies.
Price Impact
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