SafeSpace Global Posts $2.7M Net Loss in H1 FY2026 as Cash Burns Down 49%
SafeSpace Global Corporation, a Nevada-incorporated company, reported a net loss of $2.74 million for the six months ending January 31, 2026, up 41% from $1.95 million a year earlier. Cash and equivalents fell to $3.86 million from $7.55 million six months prior.
SafeSpace Global Corporation reported a net loss of $2.74 million for the six months ending January 31, 2026, widening 41% from a $1.95 million loss in the same period a year earlier. The company reported no revenue for the period. Read more earnings reports.
Operating expenses climbed to $2.85 million from $1.92 million year-over-year, driving an operating loss of $2.85 million compared to a $1.92 million loss in the prior-year period. Selling, general, and administrative expenses more than doubled to $2.34 million from $814,000.
Cash and cash equivalents dropped to $3.86 million as of January 31, 2026, down from $7.55 million at fiscal year-end July 31, 2025. The company burned through $2.45 million in operating cash flow during the six-month period, compared to $873,000 used in operations in the year-earlier period. Investing activities consumed an additional $1.24 million.
Total assets contracted to $5.65 million from $7.93 million six months earlier, while stockholders' equity fell to $5.33 million from $7.56 million. The company's accumulated deficit stood at $23.70 million as of January 31, 2026, compared to $20.95 million at the end of fiscal 2025.
For the three months ending January 31, 2026, SafeSpace posted a net loss of $1.12 million, narrowing slightly from a $1.27 million loss in the same quarter of fiscal 2025. The company reported basic and diluted loss per share of $0.01 for both the six-month and three-month periods.
The company had 189.3 million common shares outstanding as of January 31, 2026, up from 185.5 million shares at fiscal year-end. Total liabilities stood at $320,725, down from $366,011 six months prior.
Financial Summary
| Metric | H1 FY2026 (Aug 2025 - Jan 2026) | H1 FY2025 (Aug 2024 - Jan 2025) |
|---|---|---|
| Net Loss | $2,741,987 | $1,950,574 |
| Operating Loss | $2,851,117 | $1,918,937 |
| Operating Expenses | $2,851,117 | $1,918,937 |
| SG&A Expenses | $2,336,872 | $814,014 |
| Cash from Operations | -$2,446,642 | -$873,002 |
| EPS (Basic and Diluted) | -$0.01 | -$0.02 |
Balance Sheet Highlights
| Item | As of Jan 31, 2026 | As of Jul 31, 2025 |
|---|---|---|
| Cash and Cash Equivalents | $3,861,070 | $7,546,390 |
| Total Assets | $5,646,993 | $7,930,903 |
| Total Liabilities | $320,725 | $366,011 |
| Stockholders' Equity | $5,326,268 | $7,564,892 |
| Retained Deficit | -$23,695,210 | -$20,953,223 |