Limitless X Q1 Net Loss $(28.9M); Revenue Down 69%; Going Concern Doubt
Limitless X Holdings Inc. reported a net loss of $(28.9) million for Q1 2026, an improvement from $(34.6) million in Q1 2025, despite a 69% decrease in net revenue to $77,570. The company's accumulated deficit of $113.8 million and current net loss raise substantial doubt about its ability to continue as a going concern, necessitating additional capital. During the quarter, the company acquired the remaining 80% interest in Limitless Entertainment Group and Limitless Film for nominal consideration.
Key Highlights
- Net loss for Q1 2026 was $(28.9) million, an improvement from $(34.6) million in Q1 2025.
- Net revenue decreased 69% to $77,570 in Q1 2026 from $251,936 in Q1 2025.
- Accumulated deficit reached $113.8 million as of March 31, 2026.
- Cash balance increased to $183,844 as of March 31, 2026, from $7,169 at year-end 2025.
- Acquired remaining 80% interest in Limitless Entertainment Group and Limitless Film for nominal consideration.
- Incurred a $(27.8) million loss from conversion of Preferred C to Preferred D stock.
- Total liabilities increased to $7.17 million from $4.46 million since year-end 2025.
Price Impact
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