Crisp Momentum Inc. Posts $1.05M Loss in Q1 2026 Despite $6M Capital Raise

Crisp Momentum Inc. reported a net loss of $1.05 million for the three months ended October 31, 2025, a nearly twentyfold increase from the $53,253 loss posted in the same quarter last year. Read more earnings reports.

Revenue reached $2,982 for the quarter, up from $39 a year earlier, driven entirely by services. The company generated no collectibles revenue during the period, compared to $39 in the prior-year quarter.

General and administrative expenses surged to $1.05 million from $17,898 in the year-ago period. Software development costs, which totaled $3,816 in the prior year, were not incurred in the current quarter.

The company raised $6 million during the quarter through the sale of 1 billion common shares to a related party at $0.006 per share. After the transaction, total shares outstanding reached 2.05 billion at October 31, 2025, compared to 1.05 billion at July 31, 2025.

Cash jumped to $2.11 million at quarter-end from $305,120 three months earlier. The company also held a $2.90 million note receivable and a $240,015 receivable from a related party at October 31, 2025.

Operating activities consumed $730,988 in cash during the quarter, compared to $4,381 in the year-ago period. The company spent $3.27 million on investing activities, including $370,508 for intangible assets and $2.90 million tied to an asset acquisition.

Total assets stood at $5.62 million at October 31, 2025, up from $305,120 at July 31, 2025. Stockholders' equity swung to a positive $4.89 million from a deficit of $198,585 at the end of the prior quarter.

Accounts payable and accrued expenses declined to $99,866 from $122,505 three months earlier. Investment payable increased to $400,000 from $350,000. The company recorded $198,000 in deferred revenue from a related party and maintained a $31,000 note payable to a related party.

The company recognized $140,648 in stock-based compensation during the quarter. Interest expense totaled $232, down from $14,857 a year earlier when the company also recorded $16,721 in amortization of debt discount.