Artificial Intelligence Technology Solutions Inc. Q1 FY27 Results
AITXQ1 FY27 ResultsAnnounced Jun 9, 8:00 AM| Metric | Value ($ M) | Q1 FY26 |
|---|---|---|
| Revenue | 1.83 | 1.1% |
| Total Income | 1.83 | 1.1% |
| Expenditure | 4.54 | 9.7% |
| PBT | — | |
| Net Profit | -5.72 | 24.6% |
| OPM | — | |
| NPM | — | |
| EPS | -0.02 |
AITX Confirms Audited FY26 Results with Revenue Growth and Margin Expansion
09 Jun 2026 · 9 Jun, 3:37 pm
Summary
Artificial Intelligence Technology Solutions, Inc. (AITX) confirmed its audited fiscal year 2026 results, showing a 26% increase in revenue to $7,745,336 and a 48% rise in gross profit to $5,533,700. Gross margin expanded significantly to 71%, driven by a higher mix of recurring rental activity. Operating expenses were held flat, leading to a 14% improvement in the loss from operations. Management highlighted the real revenue growth, improved gross margins, and disciplined cost management as key achievements for the year.
Key Highlights
- 1
Revenue increased by 26% to $7,745,336 for the fiscal year ended February 28, 2026.
- 2
Gross profit rose by 48% to $5,533,700, significantly outpacing revenue growth.
- 3
Gross margin expanded to 71% from 61% in the prior fiscal year.
- 4
Operating expenses remained essentially flat, decreasing by approximately 1% to $17,477,097.
- 5
Loss from operations improved by approximately $2.0 million, a 14% improvement over the prior year.
- 6
The Company confirmed its audited fiscal year 2026 results, consistent with previously reported preliminary figures.
Management Comments
Steve Reinharz
These audited results confirm what we shared in April: real revenue growth, meaningfully better gross margins, and a flat cost base. We grew the top line 26%, expanded gross margin by ten points, and held operating expenses essentially flat, all while fully funding the development of the products we believe will define the next phase of this Company. We are not where we want to be yet, but the progress is real, and we remain focused on building a scalable, disciplined business. The numbers describe the year. The three lenses describe the company. Stationary is the proven, scaled foundation. Mobile is where we believe the larger long-term revenue lives. And the agentic AI platform is the layer that ties it all together and, we believe, makes the whole portfolio more valuable than the sum of its parts. That's how we run the business, and that's how we're allocating capital.
Informational and educational content only. Not investment advice.