DEVS earnings analysis
What we found in DEVS's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
DevvStream Corp. reported a significant drop in revenue for Q2 2026 at $7,043K, representing a decrease from the prior quarter. The loss per share was -0.80, continuing the trend of negative EPS amid operational struggles due to high professional fees and impairment losses.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Revenue Decline
- The reported revenue for Q2 2026 is $7,043K, a drop from $10,164K in Q2 2025.
- Continued Negative EPS
- Diluted EPS for Q2 2026 is -0.80 compared to a positive 1.2 for Q3 2025.
- High Professional Fees
- Professional fees increased significantly to $1,451,076 in Q2 2026 from $841,536 in Q2 2025.
- Change in Warrant Liabilities
- Gained $1,437,604 through the change in fair value of warrant liabilities, compared to a drop in the previous quarter.
- Increased Inducement Expenses
- Inducement expenses during Q2 2026 were $3,599,981, reflecting significant debt conversions.
- Settlement Agreement
- Entered a settlement agreement with Helena, crediting $2,600,000 against outstanding convertible notes.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Severe Cash Flow Issues
- Cash decreased to $201,132 as of April 30, 2026, inadequate to meet current liabilities of $18,091,852.
- Continued Listing Risk on Nasdaq
- The company failed to meet Nasdaq's minimum net income requirement and is under review for delisting.
- Debt Default Risks
- Event of Default asserted by Helena with penalties potentially exceeding $4.5 million.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $-0.8
- Gross margin
- 3.8%
- Operating margin
- -37392.9%
What they said about what is next.
Outlook deferred to earnings press release.
The filing reads worse than the one before it.
What came before.
- 10-Q · March 13, 2026
- DevvStream Corp. posted revenue of $7,043,000 for the quarter ended January 31, 2026, which is significantly down from $10,164,000 in the prior quarter and reflects a net loss of $3,414,563, an improvement from a net…
- 10-Q · December 16, 2025
- DevvStream Corp. reported a significant increase in revenue for Q4 2025, reaching $15,630,000, compared to $10,164,000 in Q3 2025, but a considerable net loss of $521,546 versus a larger loss of $4,056,434 in the same…
- 10-K · November 6, 2025
- DevvStream Corp. continues to position itself as a leader in the sustainability sector with a focus on carbon markets, although it is facing financial challenges with significant net losses and a working capital…
- 10-Q · June 23, 2025
- DevvStream Corp. reported a significantly improved performance in Q2 2025 with revenue of $10,164, rising from zero in the previous period. The company achieved a net income of $3,522,625, compared to a loss of…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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