E-Smart Corp. Revenue Rises 188% to $29,760 as Net Loss Widens to $64,500 in H1 2026

E-Smart Corp., a technology company operating AI-powered tattoo cost calculator services, reported revenue of $29,760 for the six months ended February 28, 2026, up 188% from $10,346 in the prior-year period. The company posted a net loss of $64,500 for the half, compared to a net loss of $37,529 a year earlier. Read more earnings reports.

Revenue for the three months ended February 28, 2026 totaled $20,151, compared to $5,895 in the same quarter last year. The quarterly net loss came to $42,486, versus a loss of $23,014 in the prior-year quarter.

Operating expenses climbed to $89,344 for the six-month period, more than double the $43,188 recorded in the first half of fiscal 2025. General and administrative expenses accounted for the entirety of operating costs. The loss from operations widened to $59,584 from $32,885 a year earlier.

Interest expense for the six months totaled $4,416, down from $4,649 in the prior-year period. The company recorded $4,916 in imputed interest charges during the half.

Cash and cash equivalents stood at $1,138 as of February 28, 2026, down from $6,825 at the end of August 2025. Cash used in operating activities totaled $44,670 for the six months, compared to $25,531 in the prior-year period.

The company's balance sheet showed total assets of $128,531 as of February 28, 2026, down from $141,281 at the end of August. Intangible assets, net of accumulated amortization, stood at $96,802, including $43,042 for website development and $53,760 for an AI-powered tattoo cost calculator API.

Related party loans increased to $239,773 from $200,790 over the six-month period, providing $38,983 in financing cash flow. The company cancelled 2,000,000 shares of common stock during the period, reducing shares outstanding to 3,799,469 from 5,799,469.

Total stockholders' deficit widened to $119,291 as of February 28, 2026, compared to a deficit of $59,708 six months earlier. The company reported deferred revenue of $7,950 as of the end of February.

Financial Summary