DevvStream Corp Narrows Net Loss to $3.9M in H1 FY2026 as Operating Costs Fall
DevvStream Corp (a Delaware-incorporated technology company) posted a net loss of $3.9 million for the six months ending January 31, 2026, an improvement from the $8.6 million loss recorded in the same period a year earlier.
DevvStream Corp, a Delaware-incorporated technology company, posted a net loss of $3.9 million for the six months ending January 31, 2026, compared to a net loss of $8.6 million in the same period a year earlier. The company reported minimal revenue of $8,143 for the half-year period, up from zero in the prior-year period. Read more earnings reports.
Operating expenses dropped 43% to $4.4 million from $7.7 million year-over-year. The company generated a gross loss of $514 after cost of goods sold of $8,657 slightly exceeded revenue. Basic and diluted loss per share improved to $0.98 from $4.46 in the prior-year period.
Cash and restricted cash stood at $2.1 million as of January 31, 2026, down sharply from $9.9 million six months earlier on July 31, 2025. The company burned $5.9 million in operating cash during the six-month period, compared to $4.1 million in the prior year.
Total assets fell to $7.3 million from $11.9 million at the end of the prior fiscal year. Current liabilities surged to $26.4 million from $18.8 million, while total liabilities declined to $26.6 million from $31.5 million. The company raised $3.3 million from financing activities during the period.
The stockholders' deficit narrowed slightly to $19.3 million as of January 31, 2026, from $19.6 million six months earlier. Common shares outstanding increased to 4.9 million from 3.5 million, reflecting new equity issuance. Additional paid-in capital rose to $18.4 million from $14.2 million.
| Item | Six Months Ending Jan 31, 2026 | Six Months Ending Jan 31, 2025 |
|---|---|---|
| Total Revenue | $8,143 | $0 |
| Gross Profit (Loss) | ($514) | $0 |
| Operating Expenses | $4,420,560 | $7,733,561 |
| Net Loss | ($3,936,109) | ($8,614,060) |
| Loss Per Share (Basic) | ($0.98) | ($4.46) |
| Cash from Operations | ($5,938,280) | ($4,051,780) |
For the three months ending January 31, 2026, the company reported a net loss of $3.4 million compared to $4.6 million in the same quarter of the prior year. Quarterly revenue was $7,043 versus zero a year earlier.