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Karbon-X (KARX) Q3 FY26 earnings results (third quarter fiscal 2026)

10-Q filed Apr 20, 2026

Karbon-X (KARX) reported revenue of $4.3M for the third quarter fiscal 2026 (Q3 FY26), up 18-fold from a year earlier and -80% from the quarter before. Operating margin was -102.1%, net loss $5.2M (121.1% of revenue).

Revenue$4.3M
Year over year18×
Quarter over quarter-80%
Operating margin-102.1%
Net earnings−$5.2M

Karbon-X, Q3 FY26: revenue $4.3M (18× year over year), operating margin -102.1%, net loss $5.2M, operating cash flow −$1.2M. The chart follows the revenue to costs, profit and cash.

Q3 FY26AmountQ/QY/Y
Revenue$4.3M-80%18×
Operating profit−$4.4M——
Net earnings−$5.2M——
Operating cash flow−$1.2M——

What changed

Revenue was $4.3M in Q3 FY26, up 1691% year over year and down 80% from the previous quarter.

Operating costs exceeded revenue by $4.4M, an operating margin of -102.1%. The quarter ended with a net loss of $5.2M, wider than the previous quarter's $1.4M loss.

Operating cash flow was −$1.2M. Non-cash charges added back $48K of depreciation and amortization and $597K of share-based compensation. Working capital and other items added $3.3M.

Questions

What was Karbon-X's revenue in the third quarter fiscal 2026?

Karbon-X (KARX) reported revenue of $4.3M for the third quarter fiscal 2026 (Q3 FY26), up 18-fold from a year earlier and -80% from the quarter before.

Was Karbon-X profitable in the third quarter fiscal 2026?

Operating loss was $4.4M (-102.1% of revenue) and net loss $5.2M.

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Source: Karbon-X 10-Q on SEC EDGAR.