Filing Flows › Karbon-X (KARX) › Q1 FY26
Karbon-X (KARX) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Oct 15, 2025
Karbon-X (KARX) reported revenue of $35.7M for the first quarter fiscal 2026 (Q1 FY26), up 280-fold from a year earlier and up 22-fold from the quarter before. Operating margin was -6.6%, net loss $2.6M (7.3% of revenue).
Karbon-X, Q1 FY26: revenue $35.7M (280× year over year), operating margin -6.6%, net loss $2.6M, operating cash flow −$2.7M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $35.7M | 22× | 280× |
| Operating profit | −$2.4M | — | — |
| Net earnings | −$2.6M | — | — |
| Operating cash flow | −$2.7M | — | — |
What changed
Revenue was $35.7M in Q1 FY26, up 27883% year over year and up 2083% from the previous quarter.
Gross margin was 0.8%, down 25.3 points from a year earlier. Operating costs exceeded revenue by $2.4M, an operating margin of -6.6%. Operating expenses grew 222% against revenue growth of 27883%. The quarter ended with a net loss of $2.6M, narrower than the previous quarter's $3.4M loss.
Operating cash flow was −$2.7M. Non-cash charges added back $43K of depreciation and amortization and $187K of share-based compensation. Working capital and other items used $314K.
Questions
What was Karbon-X's revenue in the first quarter fiscal 2026?
Karbon-X (KARX) reported revenue of $35.7M for the first quarter fiscal 2026 (Q1 FY26), up 280-fold from a year earlier and up 22-fold from the quarter before.
Was Karbon-X profitable in the first quarter fiscal 2026?
Operating loss was $2.4M (-6.6% of revenue) and net loss $2.6M.
Source: Karbon-X 10-Q on SEC EDGAR.