v3.26.1
Unaudited Condensed Consolidated Statements of Stockholders’ Equity - USD ($)
DevvStream Corp
Common Stock
DevvStream Corp
Additional Paid in Capital
DevvStream Corp
Retained Earnings (Accumulated Deficit)
DevvStream Corp
Subscription receivable
DevvStream Corp
Accumulated other comprehensive income (loss)
DevvStream Corp
Common Stock
Cumulative Effect, Period of Adoption, Adjusted Balance
Common Stock
Additional Paid in Capital
Cumulative Effect, Period of Adoption, Adjusted Balance
Additional Paid in Capital
Retained Earnings (Accumulated Deficit)
Cumulative Effect, Period of Adoption, Adjusted Balance
Retained Earnings (Accumulated Deficit)
Members’ Contributions, Net of Distributions
Cumulative Effect, Period of Adoption, Adjusted Balance
Members’ Contributions, Net of Distributions
Members’ Deficit
Cumulative Effect, Period of Adoption, Adjusted Balance
Members’ Deficit
Cumulative Effect, Period of Adoption, Adjusted Balance
Total
Balance at Jul. 31, 2023   $ 11,883,289 $ (11,854,481) $ (83,570) $ (54,762)                        
Balance (in Shares) at Jul. 31, 2023 1,145,774                                  
Share based compensation – RSUs   597,587 597,587                        
Share based compensation – Options   692,740 692,740                        
Shares issued for warrant exercises   147,650 147,650                        
Shares issued for warrant exercises (in Shares) 18,097                                  
Foreign currency translation   127,123 127,123                        
Net loss   (9,871,748) (9,871,748)                        
Balance at Jul. 31, 2024   13,321,266 (21,726,229) 43,553 (8,361,410)                        
Balance (in Shares) at Jul. 31, 2024 1,163,871                                  
Recapitalization               $ 140,228   $ 70,313,190   $ (4,913,394)   $ (35,737,914)   $ 6,027,934   $ 35,830,044
Recapitalization (in Shares)               140,227,818                    
Balance at Dec. 31, 2023                     35,737,914   (6,027,934)   29,709,980
Balance (in Shares) at Dec. 31, 2023                                  
Net loss                   (24,104,797)       (24,104,797)
Balance at Dec. 31, 2024             $ 183,078 $ 140,228 70,313,190 $ (47,287,474) (29,018,191) $ (47,104,396) 41,435,227
Balance (in Shares) at Dec. 31, 2024             183,078,394 140,227,818                    
Balance at Jul. 31, 2024   13,321,266 (21,726,229) 43,553 (8,361,410)                        
Balance (in Shares) at Jul. 31, 2024 1,163,871                                  
Share based compensation – RSUs   245,705 245,705                        
Share based compensation – Options   47,191 47,191                        
Warrants reclassified to liabilities on change in functional currency   (454,571) (454,571)                        
Stock options reclassified to liabilities on RTO   (330,090) (330,090)                        
Conversion option derivative transferred to equity   266,000 266,000                        
Gain on modification of debt with related parties   582,167 582,167                        
Recapitalization on RTO   (23,548,887)       (23,548,887)                        
Shares issued for warrant exercises   389,729 389,729                        
Shares issued for warrant exercises (in Shares) 9,176                                  
Conversion of mandatory convertible debentures   49,500 49,500                        
Conversion of mandatory convertible debentures (in Shares) 2,244                                  
Shares for settlement of debt   10,888,912 10,888,912                        
Shares for settlement of debt (in Shares) 342,895                                  
Shares issued in connection with RTO   3,147,117 3,147,117                        
Shares issued in connection with RTO (in Shares) 515,920                                  
Shares issued for acquisition of associate   1,220,000 1,220,000                        
Shares issued for acquisition of associate (in Shares) 200,000                                  
Shares issued for PIPE financing   2,250,000 2,250,000                        
Shares issued for PIPE financing (in Shares) 169,480                                  
Shares issued for carbon credit purchases   1,982,424 1,982,424                        
Shares issued for carbon credit purchases (in Shares) 324,987                                  
Shares issued for ELOC commitment   305,000 305,000                        
Shares issued for ELOC commitment (in Shares) 50,000                                  
Shares issued for services   585,155 585,155                        
Shares issued for services (in Shares) 55,729                                  
Foreign currency translation   1,808 1,808                        
Net loss   (8,614,060) (8,614,060)                        
Balance at Jan. 31, 2025   10,946,618 (30,340,289) 45,361 (19,348,310)                        
Balance (in Shares) at Jan. 31, 2025 2,834,302                                  
Balance at Jul. 31, 2024   13,321,266 (21,726,229) 43,553 (8,361,410)                        
Balance (in Shares) at Jul. 31, 2024 1,163,871                                  
Share based compensation – RSUs   510,325 510,325                        
Shares cancelled for termination of carbon credit purchase agreements   (396,500) (396,500)                        
Shares cancelled for termination of carbon credit purchase agreements (in Shares) (155,000)                                  
Share issuance costs   (51,688) (51,688)                        
Share based compensation – Options   72,641 72,641                        
Warrants reclassified to liabilities on change in functional currency   (454,571) (454,571)                        
Stock options reclassified to liabilities on RTO   (330,090) (330,090)                        
Conversion option derivative transferred to equity   266,000 266,000                        
Gain on modification of debt with related parties   582,167 582,167                        
Recapitalization on RTO   (23,548,887) (23,548,887)                        
Shares issued for warrant exercises   389,729 389,729                        
Shares issued for warrant exercises (in Shares) 9,176                                  
Conversion of mandatory convertible debentures   49,500 49,500                        
Conversion of mandatory convertible debentures (in Shares) 2,244                                  
Shares for settlement of debt   10,888,912 10,888,912                        
Shares for settlement of debt (in Shares) 342,895                                  
Shares issued in connection with RTO   3,147,117 3,147,117                        
Shares issued in connection with RTO (in Shares) 515,920                                  
Shares issued for acquisition of associate   1,220,000 1,220,000                        
Shares issued for acquisition of associate (in Shares) 200,000                                  
Shares issued for PIPE financing   2,250,000 (20,000) 2,230,000                        
Shares issued for PIPE financing (in Shares) 169,480                                  
Shares issued for ELOC drawdown   3,328,081 3,328,081                        
Shares issued for ELOC drawdown (in Shares) 845,700                                  
Shares issued for carbon credit purchases   1,982,424 1,982,424                        
Shares issued for carbon credit purchases (in Shares) 324,987                                  
Shares issued for ELOC commitment   363,333 363,333                        
Shares issued for ELOC commitment (in Shares) 66,666                                  
Shares issued for services   585,155 585,155                        
Shares issued for services (in Shares) 55,729                                  
Foreign currency translation   1,448 1,448                        
Net loss   (12,067,231) (12,067,231)                        
Balance at Jul. 31, 2025   14,174,914 (33,793,460) (20,000) 45,001 (19,593,545)                        
Balance (in Shares) at Jul. 31, 2025 3,541,668                                  
Balance at Oct. 31, 2024   13,561,064 (25,782,663) 45,048 (12,176,551)                        
Balance (in Shares) at Oct. 31, 2024 1,176,887                                  
Share based compensation – RSUs   119,362 119,362                        
Share based compensation – Options   (33,702) (33,702)                        
Stock options reclassified to liabilities on RTO   (330,090) (330,090)                        
Conversion option derivative transferred to equity   266,000 266,000                        
Gain on modification of debt with related parties   582,167 582,167                        
Recapitalization on RTO   (23,548,887) (23,548,887)                        
Shares for settlement of debt   10,841,008 10,841,008                        
Shares for settlement of debt (in Shares) 341,299                                  
Shares issued in connection with RTO   3,147,117 3,147,117                        
Shares issued in connection with RTO (in Shares) 515,920                                  
Shares issued for acquisition of associate   1,220,000 1,220,000                        
Shares issued for acquisition of associate (in Shares) 200,000                                  
Shares issued for PIPE financing   2,250,000 2,250,000                        
Shares issued for PIPE financing (in Shares) 169,480                                  
Shares issued for carbon credit purchases   1,982,424 1,982,424                        
Shares issued for carbon credit purchases (in Shares) 324,987                                  
Shares issued for ELOC commitment   305,000 305,000                        
Shares issued for ELOC commitment (in Shares) 50,000                                  
Shares issued for services   585,155 585,155                        
Shares issued for services (in Shares) 55,729                                  
Foreign currency translation   313 313                        
Net loss   (4,557,626) (4,557,626)                        
Balance at Jan. 31, 2025   10,946,618 (30,340,289) 45,361 (19,348,310)                        
Balance (in Shares) at Jan. 31, 2025 2,834,302                                  
Recapitalization               $ 42,851   (70,313,190)   (18,269,283)       (88,539,622)
Recapitalization (in Shares)               42,850,576                    
Balance at Dec. 30, 2024               $ 140,228   70,313,190   (29,018,191)       41,435,227
Balance (in Shares) at Dec. 30, 2024               140,227,818                    
Balance at Dec. 31, 2024             $ 183,078 $ 140,228 70,313,190 (47,287,474) (29,018,191) (47,104,396) 41,435,227
Balance (in Shares) at Dec. 31, 2024             183,078,394 140,227,818                    
Net loss                   (7,467,201)       (7,467,201)
Balance at Mar. 31, 2025               $ 183,078     (54,754,675)       (54,571,597)
Balance (in Shares) at Mar. 31, 2025               183,078,394                    
Recapitalization               $ 42,850   (70,313,190)   (18,269,283)           (88,539,623)
Recapitalization (in Shares)               42,850,576                    
Recapitalization               $ (170,515)   43,613,494   (43,442,979)          
Recapitalization (in Shares)               (57,446,488)                    
Issuance of common stock to FOCUS in connection with the Business Combination               $ 532   (226,081,998)             (226,081,466)
Issuance of common stock to FOCUS in connection with the Business Combination (in Shares)               5,322,463                    
Common stock issued as compensation for ELOC commitment fee               $ 51   7,399,949             7,400,000
Common stock issued as compensation for ELOC commitment fee (in Shares)               507,802                    
Common stock issued for conversion of loan payable to related party               $ 1,000   99,999,000             100,000,000
Common stock issued for conversion of loan payable to related party (in Shares)               10,000,000                    
Common stock issued to settle Non-redemption Agreements in connection with the Business Combination               $ 62   1,239,938             1,240,000
Common stock issued to settle Non-redemption Agreements in connection with the Business Combination (in Shares)               622,109                    
Common stock issued in conjunction with loan payable to related party               $ 1,209   46,988,791             46,990,000
Common stock issued in conjunction with loan payable to related party (in Shares)               12,087,341                    
Common stock issued in conjunction with promissory notes               $ 39   199,960             199,999
Common stock issued in conjunction with promissory notes (in Shares)               399,458                    
Common stock issued as compensation for severance               $ 60   13,199,940             13,200,000
Common stock issued as compensation for severance (in Shares)               600,000                    
Common stock issued as replacement shares to Randy Soule               $ 195   19,088,430             19,088,625
Common stock issued as replacement shares to Randy Soule (in Shares)               1,948,862                    
Common stock issued to EEME as advisory fees               $ 95   1,424,905             1,425,000
Common stock issued to EEME as advisory fees (in Shares)               950,000                    
Common stock issued to BTIG as merger advisory fees               $ 13   999,987             1,000,000
Common stock issued to BTIG as merger advisory fees (in Shares)               133,333                    
Common stock issued to EEME in conjunction with promissory note conversion               $ 735   7,857,884             7,858,619
Common stock issued to EEME in conjunction with promissory note conversion (in Shares)               7,348,043                    
Common stock issued in conjunction with a consulting agreement               $ 6   47,994             48,000
Common stock issued in conjunction with a consulting agreement (in Shares)               62,754                    
Balance at Dec. 31, 2024             $ 183,078 $ 140,228 70,313,190 $ (47,287,474) (29,018,191) $ (47,104,396) 41,435,227
Balance (in Shares) at Dec. 31, 2024             183,078,394 140,227,818                    
ELOC at the market stock sales               $ 215   861,013             861,228
ELOC at the market stock sales (in Shares)               2,150,000                    
Common stock issued to Encore, a related party, to settle accounts payable               $ 3,678   27,996,322             28,000,000
Common stock issued to Encore, a related party, to settle accounts payable (in Shares)               36,779,193                    
Additional shares issued in de-spac               $ 1               1
Additional shares issued in de-spac (in Shares)               10,268                    
Common stock issued to Polar in connection with the Subscription Agreement               $ 192   743,808             744,000
Common stock issued to Polar in connection with the Subscription Agreement (in Shares)               1,920,000                    
Stock based compensation expense (benefit) associated with restricted stock units                 7,941,754             7,941,754
Non-employee share-based payments                 835,818             835,818
Net loss                   74,004,768           74,004,768
Balance at Dec. 31, 2025               $ 20,646   54,356,988   (16,725,685)           37,651,949
Balance (in Shares) at Dec. 31, 2025               206,473,533                    
Balance at Jul. 31, 2025   14,174,914 (33,793,460) (20,000) 45,001 (19,593,545)                        
Balance (in Shares) at Jul. 31, 2025 3,541,668                                  
Cancellation of shares                          
Cancellation of shares (in Shares) (26)                                  
Share based compensation – RSUs   79,764 79,764                        
Share based compensation – Options   36,874 36,874                        
Shares issued for PIPE financing   2,000,004 2,000,004                        
Shares issued for PIPE financing (in Shares) 128,370                                  
Shares issued for ELOC drawdown   2,207,938 2,207,938                        
Shares issued for ELOC drawdown (in Shares) 1,211,000                                  
Amortization of deferred financing costs   (69,930) (69,930)                        
Foreign currency translation   (128) (128)                        
Net loss   (3,936,109) (3,936,109)                        
Balance at Jan. 31, 2026   18,429,564 (37,729,569) (20,000) 44,873 (19,275,132)                        
Balance (in Shares) at Jan. 31, 2026 4,881,012                                  
Balance at Oct. 31, 2025   14,956,881 (34,315,006) (20,000) 45,097 (19,333,028)                        
Balance (in Shares) at Oct. 31, 2025 3,841,642                                  
Share based compensation – RSUs   37,869 37,869                        
Share based compensation – Options   18,437 18,437                        
Shares issued for PIPE financing   2,000,004 2,000,004                        
Shares issued for PIPE financing (in Shares) 128,370                                  
Shares issued for ELOC drawdown   1,451,338 1,451,338                        
Shares issued for ELOC drawdown (in Shares) 911,000                                  
Amortization of deferred financing costs   (34,965) (34,965)                        
Foreign currency translation   (224) (224)                        
Net loss   (3,414,563) (3,414,563)                        
Balance at Jan. 31, 2026   $ 18,429,564 $ (37,729,569) $ (20,000) $ 44,873 $ (19,275,132)                        
Balance (in Shares) at Jan. 31, 2026 4,881,012                                  
Balance at Dec. 31, 2025               $ 20,646   54,356,988   (16,725,685)           37,651,949
Balance (in Shares) at Dec. 31, 2025               206,473,533                    
ELOC at the market stock sales               $ 1,519   2,678,710             2,680,229
ELOC at the market stock sales (in Shares)               15,200,000                    
EEME Energy SPV LLC capital raise               $ 6,900   6,893,100             6,900,000
EEME Energy SPV LLC capital raise (in Shares)               69,000,000                    
BTIG, LLC, stock issued in settlement               $ 27   69,308             69,335
BTIG, LLC, stock issued in settlement (in Shares)               275,144                    
Stock based compensation expense (benefit) associated with restricted stock units                 (4,704,128)             (4,704,128)
Non-employee share-based payments                 524,325             524,325
Net loss                   (17,812,415)           (17,812,415)
Balance at Mar. 31, 2026               $ 29,092   $ 59,818,303   $ (34,538,100)           $ 25,309,295
Balance (in Shares) at Mar. 31, 2026               290,948,677