v3.26.1
Nature of Operations (Tables)
 3 Months Ended
Jul. 31, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Segment Reporting Information
The following tables present, for each segment and consolidated total, the Company's revenues and significant expenses regularly provided to the CODM, reconciled to income (loss) from operations before provision for income taxes for each of the periods presented. Total segment assets provided to the CODM are also disclosed in the tables below for each period presented. Corporate activities are not considered an operating segment consisting primarily of corporate support functions that include capital and funding to support the business activities of the Company as well as costs and expenses not allocated to a line of business.
Successor
Three Months Ended July 31, 2026
Retail and IndustryBNB Treasury ManagementCorporateTotal
Total revenue, net
$
7,165 
$
— 
$
— 
$
7,165 
Cost of revenue
(5,201)
— 
— 
(5,201)
Unrealized gain (loss) on digital assets
— 
(15,294)
— 
(15,294)
Other income from Airdrops
— 
284 
— 
284 
Advertising and marketing expense
(43)
— 
(108)
(151)
Compensation expense
(1,206)
(44)
(726)
(1,976)
Management fees to affiliate
— 
(1,103)
— 
(1,103)
Professional and contractor fees
(84)
— 
(1,359)
(1,443)
Equity-based compensation
(1)
— 
(66)
(67)
Gain from change in fair value of warrant liabilities
— 
— 
9,982 
9,982 
Interest expense and other income, net
(26)
— 
(314)
(340)
Other segment expenses(A)
(1,063)
(82)
(2,016)
(3,161)
Income (loss) from operations before provision for income taxes
(459)
(16,239)
5,393 
(11,305)
Total Assets
16,611 
309,384 
1,157 
327,152 
Successor
Period from June 7, 2025 through July 31, 2025
Retail and IndustryBNB Treasury ManagementCorporateTotal
Total revenue, net
$
4,580 
$
— 
$
— 
$
4,580 
Cost of revenue
(3,207)
— 
— 
(3,207)
Advertising and marketing expense
(72)
— 
— 
(72)
Compensation expense
(518)
— 
— 
(518)
Professional and contractor fees
(549)
— 
— 
(549)
Equity-based compensation
(7)
— 
— 
(7)
Interest expense and other income, net
(268)
— 
— 
(268)
Other segment expenses(A)
(1,205)
— 
— 
(1,205)
Income (loss) from operations before provision for income taxes
(1,246)
— 
— 
(1,246)
Total Assets
19,128 
— 
— 
19,128 
Predecessor
Period from May 1, 2025 through June 6, 2025
Retail and IndustryBNB Treasury ManagementCorporateTotal
Total revenue, net
$
2,928 
$
— 
$
— 
$
2,928 
Cost of revenue
(2,002)
— 
— 
(2,002)
Advertising and marketing expense
(63)
— 
— 
(63)
Compensation expense
(431)
— 
— 
(431)
Professional and contractor fees
(135)
— 
— 
(135)
Other segment expenses(A)
(276)
— 
— 
(276)
Income (loss) from operations before provision for income taxes
21 
— 
— 
21 
Total Assets
9,191 
— 
— 
9,191 
Includes other selling, general, and administrative expenses such as occupancy expenses, maintenance expenses, utilities, depreciation and amortization expenses. Amounts also include business combination expenses during the period from June 7, 2025 through July 31, 2025 and shareholder advisory expenses during the three months ended July 31, 2026.