Dalrada Technology Group Posts $10.5M Net Loss in H1 FY2026

Dalrada Technology Group, Inc., a Wyoming-based diversified technology company, reported a net loss of $10.5 million for the six months ending December 31, 2025, compared to a net loss of $13.5 million for the same period a year earlier. The company posted total revenue of $7.4 million for the half-year period, down 19% from $9.1 million in the prior-year period. Read more earnings reports.

For the three months ending December 31, 2025, Dalrada reported a net loss of $4.4 million, compared to a $6.7 million loss in the same quarter of the previous year. Revenue for the quarter reached $3.3 million, up 5% from $3.1 million a year earlier.

Operating losses for the six-month period totaled $8.9 million, an improvement from the $10.8 million operating loss reported in the prior-year period. Gross profit for the half-year declined to $1.7 million from $2.0 million, as cost of revenue rose to $5.7 million from $7.1 million despite the revenue decline.

The company reported operating expenses of $10.6 million for the six months ending December 31, 2025, down from $12.8 million a year earlier. Selling, general and administrative expenses accounted for the entirety of operating costs at $10.6 million, compared to $12.8 million in the prior period.

Cash and cash equivalents stood at $70,074 as of December 31, 2025, down from $172,787 six months earlier. Total assets declined to $17.6 million from $18.4 million as of June 30, 2025. The company held accounts receivable of $2.1 million and inventory of $2.7 million at the end of the period.

Dalrada's total liabilities increased to $34.5 million as of December 31, 2025, from $25.0 million six months prior. Current liabilities rose to $22.5 million from $15.7 million, with accounts payable climbing to $4.5 million from $4.2 million.

The company reported negative stockholders' equity of $16.8 million as of December 31, 2025, compared to negative equity of $6.8 million as of June 30, 2025. Retained deficit widened to $205.8 million from $195.3 million over the six-month period. Additional paid-in capital increased to $188.4 million from $176.2 million.

Cash used in operations for the six months totaled $3.3 million, compared to $4.4 million in the prior-year period. Cash from financing activities provided $3.0 million, down from $4.5 million a year earlier. The company reported no cash flow from investing activities for the period.

Interest expense for the six months ending December 31, 2025 totaled $1.6 million, down from $2.8 million in the prior-year period. The company recorded $26,180 in income tax expense for the half-year period, compared to $7,524 a year earlier.

Basic and diluted loss per share for the six-month period was $0.10, compared to a loss of $0.15 per share in the prior year. The calculation was based on 108.5 million weighted average shares outstanding, up from 92.1 million shares a year earlier. The company had 120.2 million common shares outstanding as of December 31, 2025.