Crisp Momentum Inc. Posts $1.05M Loss as Operating Expenses Surge in Q1 FY2026

Crisp Momentum Inc. reported a net loss of $1.05 million for the three months ending October 31, 2025, compared with a net loss of $53,253 in the same period last year. The Delaware-based company's operating expenses surged to $1.05 million from $21,714 a year earlier. Read more earnings reports.

Revenue reached $2,982 for the quarter, up from $39 in the prior-year period. The company reported gross profit of $2,982, matching its revenue figure, compared with $39 a year ago.

Total assets climbed to $5.62 million as of October 31, 2025, up from $305,120 at the end of July 2025. The increase was driven by current assets rising to $5.25 million from $305,120 over the same period.

The company swung to positive stockholders' equity of $4.89 million as of October 31, 2025, compared with negative equity of $198,585 three months earlier. The improvement followed $5.81 million in cash from financing activities during the quarter, while cash used in operations totaled $730,988 and investing activities consumed $3.27 million.

Crisp Momentum doubled its common shares outstanding to 2.05 billion from 1.05 billion over the three-month period. Additional paid-in capital increased to $24.73 million from $18.69 million, while the accumulated deficit widened to $20.05 million from $19.00 million.

Current liabilities rose to $729,298 as of October 31, 2025, from $503,705 at the prior quarter-end. The company reported $0.00 earnings per share for the quarter on both a basic and diluted basis, matching the year-ago period, with weighted average shares outstanding of 1.66 billion compared with 40.68 million a year earlier.