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…
Earnings analysis · 10-Q
DEVS earnings analysis
Filed June 15, 2026 · Our reading of the company's report
The latest report
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…
Read full summary
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.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
From revenue to operating profit
Where each $100 of revenue went in this report.
Cost of sales, operating expenses, and what remained. Figures are rounded to whole dollars.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $-0.8
What stood out
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Revenue Decline
The reported revenue for Q2 2026 is $7,043K, a drop from $10,164K in Q2 2025.
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Continued Negative EPS
Diluted EPS for Q2 2026 is -0.80 compared to a positive 1.2 for Q3 2025.
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High Professional Fees
Professional fees increased significantly to $1,451,076 in Q2 2026 from $841,536 in Q2 2025.
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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.
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Increased Inducement Expenses
Inducement expenses during Q2 2026 were $3,599,981, reflecting significant debt conversions.
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Settlement Agreement
Entered a settlement agreement with Helena, crediting $2,600,000 against outstanding convertible notes.
What to watch
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Severe Cash Flow Issues
Cash decreased to $201,132 as of April 30, 2026, inadequate to meet current liabilities of $18,091,852.
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Continued Listing Risk on Nasdaq
The company failed to meet Nasdaq's minimum net income requirement and is under review for delisting.
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Debt Default Risks
Event of Default asserted by Helena with penalties potentially exceeding $4.5 million.
Management's outlook
Outlook deferred to earnings press release.
Earlier filings 4
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 itself. Analysis can contain errors; check the source document for full context.