Revenue remains highly inconsistent, with the company reporting a nominal $720 in 2026Q1 while maintaining a substantial SG&A expense profile that reached $2.1 million in the same period.
| Sales/Revenue | 11.98K | 25.79K | 0 | 0 | 0 | 0 |
| Revenue Growth % | - | - | - | - | - | - |
| Cost of Goods Sold | 6.09K | 10.19K | 0 | 0 | 0 | 0 |
| COGS % of Revenue | - | 39.49% | - | - | - | - |
| Gross Profit | 5.89K | 15.61K | 0 | 0 | 0 | 0 |
| Gross Margin % | 49.17% | 60.51% | - | - | - | - |
| Gross Profit Growth % | - | - | - | - | - | - |
| Operating Expenses | 12.16M | 13.07M | 12.13M | 7.97M | 5.76M | 549.65K |
| OpEx % of Revenue | - | 50677.71% | - | - | - | - |
| Selling, General & Admin | 11.02M | 12.01M | 12.13M | 7.97M | 2.6M | 549.65K |
| SG&A % of Revenue | - | 46544.24% | - | - | - | - |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - |
| Other Operating Expenses | 1.12M | 1.07M | 2.46K | 2.47K | 3.16M | 0 |
| Operating Income | -12.15M | -13.06M | -12.13M | -7.97M | -5.76M | -549.3K |
| Operating Margin % | -101400.88% | -50617.2% | - | - | - | - |
| Operating Income Growth % | - | -7.65% | -52.1% | -38.41% | -948.82% | - |
| EBITDA | -15.8M | -13.06M | -12.13M | -7.97M | -5.76M | 4.88M |
| EBITDA Margin % | -131801.88% | -50613.51% | - | - | - | - |
| EBITDA Growth % | -55.69% | -7.67% | -52.12% | -38.4% | -218.03% | - |
| D&A (Non-Cash Add-back) | 823 | 953 | 2.46K | 2.47K | 1.36K | 0 |
| EBIT | -6.53M | -11.41M | -13.49M | -7.89M | -5.76M | 4.88M |
| Net Interest Income | -1.23M | -660.2K | -113.63K | 5.37M | 4.62M | 4.02K |
| Interest Income | 0 | 0 | 0 | 0 | 4.62M | 4.02K |
| Interest Expense | 1.23M | 660.2K | 113.63K | 0 | 0 | 0 |
| Other Income/Expense | 4.4M | 988.97K | -1.48M | 88.02K | -2.56M | 5.43M |
| Pretax Income | -7.75M | -12.07M | -13.6M | -7.89M | -8.32M | 4.88M |
| Pretax Margin % | -64701.79% | -46783.09% | - | - | - | - |
| Income Tax | 0 | 0 | 100.71K | 0 | 0 | 0 |
| Effective Tax Rate % | 0% | 0% | -0.74% | 0% | 0% | 0% |
| Net Income | -7.75M | -12.07M | -13.7M | -7.89M | -8.32M | 4.88M |
| Net Margin % | -64701.79% | -46783.09% | - | - | - | - |
| Net Income Growth % | 42.95% | 11.94% | -73.78% | 5.27% | -270.58% | - |
| Net Income (Continuing) | -7.75M | -12.07M | -13.7M | -7.89M | -8.32M | 4.88M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.80 | -4.79 | -4.03 | -2.59 | 5.56 | 1.75 |
| EPS Growth % | 64.62% | -18.86% | -55.6% | -146.58% | 217.71% | - |
| EPS (Basic) | - | -4.79 | -4.03 | -2.59 | 5.56 | 1.75 |
| Diluted Shares Outstanding | 9.72M | 2.52M | 3.42M | 3.04M | 2.79M | 2.79M |
| Basic Shares Outstanding | 9.72M | 2.52M | 3.42M | 3.04M | 2.79M | 2.79M |
| Dividend Payout Ratio | - | - | - | - | - | - |
Capital exhaustion and dilution
As indicated by the company's recent financial disclosures, revenue generation remains in an embryonic and highly inconsistent state, with quarterly figures fluctuating between zero and nominal amounts like $720 in 2026Q1, highlighting the lack of a predictable, recurring top-line growth trajectory for the business.
The absence of consistent revenue suggests that the company has yet to achieve commercial scale in its carbon credit streaming model. Investors should monitor whether the company can transition from sporadic project management fees to a reliable volume of credit sales, as current figures do not yet demonstrate a sustainable growth path.
Based on reported income statements, the company maintains a substantial fixed-cost structure, with SG&A expenses consistently reaching into the millions while revenue remains negligible, suggesting that administrative and listing-related costs currently dominate the firm's financial profile and consume the majority of available capital resources.
The persistent gap between SG&A spending and revenue generation indicates that the company is currently operating in a pre-revenue or early-stage development mode. This cost structure warrants investigation into whether future project deployments can generate sufficient cash flow to cover the heavy corporate overhead required to maintain public status.
According to historical financial data, the company's net income figures have shown extreme volatility, including a reported $3.5 million profit in 2025Q1 that appears disconnected from operational performance, likely reflecting non-operating adjustments or accounting anomalies rather than underlying profitability in the core carbon credit business.
The presence of such significant swings in net income, contrasted with consistent operating losses, suggests that investors should focus on cash burn rather than bottom-line earnings. The reliance on stock-based compensation and potential non-recurring items makes the reported net income an unreliable metric for assessing the company's true economic health.
As reported in financial filings, the company's reliance on external financing to cover persistent operating losses raises significant questions regarding the viability of its current business model, particularly given the high burn rate and the lack of a clear path to achieving positive unit economics.
Short-term observers may focus on the risk that the company's capital requirements will necessitate further dilutive equity raises before the carbon credit portfolio reaches maturity. The fundamental challenge remains whether the blockchain-based verification technology can actually lower costs enough to offset the high administrative burden of being a public entity.
Quick answers to the most common questions about buying DEVS stock.
For fiscal year 2025, DevvStream Corp. Common Stock (DEVS) reported total revenue of $0.0M.
DevvStream Corp. Common Stock (DEVS) reported a net loss of $12.1M for the fiscal year ending 2025.
DevvStream Corp. Common Stock (DEVS) reported an operating income of $-13.1M, resulting in an operating profit margin of -50617.2%. This margin reflects the operational efficiency of the business before interest and taxes.
DevvStream Corp. Common Stock (DEVS) generated $0.0M in gross profit for the year, representing a gross profit margin of 60.5%. This demonstrates the company's core pricing power and production efficiency.