Helio Corporation Swings to $3.7M Net Loss as Revenue Plunges 65% in Q1 FY2026

Helio Corporation reported a net loss of $3.73 million for the three months ending January 31, 2026, compared to a loss of $919,142 in the same quarter a year earlier. The small-cap Florida company, which provides technology services, saw revenue collapse 65% to $495,550 from $1.43 million in the prior-year period. Read more earnings reports.

Operating expenses jumped 129% to $2.93 million from $1.28 million, overwhelming the company's gross profit of $250,687. Operating loss for the quarter reached $2.68 million, more than triple the $865,406 loss reported a year ago. Cost of revenue fell to $244,863 from $1.02 million as the top line contracted.

The company's balance sheet showed total assets of $1.14 million as of January 31, 2026, down from $1.31 million three months earlier. Cash and restricted cash stood at $282,061, up sharply from $7,305 at the end of October 2025. Accounts receivable dropped to $182,378 from $489,426 over the same period.

Helio carried total liabilities of $5.03 million against total stockholders' equity of negative $3.89 million as of January 31. The company reported a retained earnings deficit of $8.71 million. Long-term debt totaled $558,178, down from $1.34 million at the prior quarter-end.

Cash used in operations was $290,619 for the quarter, an improvement from $501,760 in the year-ago period. The company raised $565,375 from financing activities, compared to $50,000 a year earlier. Common shares outstanding nearly doubled to 23.18 million from 11.37 million at the end of October 2025.

The company reported a loss per share of $0.21 on both a basic and diluted basis, compared to a loss of $0.08 per share in the prior-year quarter. Weighted average shares outstanding rose to 17.48 million from 11.26 million.

Financial Summary