$CODA

Coda Octopus Group, Inc.

CIK:0001334325|SEC Filings

Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Jul. 31, 2026	Jul. 31, 2025	Jul. 31, 2026	Jul. 31, 2025
Income Statement [Abstract]
Net Revenues	$ 7,717,469	$ 7,064,795	$ 21,331,593	$ 19,291,969
Cost of Revenues	2,667,175	2,241,039	7,336,216	6,542,462
Gross Profit	5,050,294	4,823,756	13,995,377	12,749,507
OPERATING EXPENSES
Research & Development	729,216	572,468	1,983,622	1,805,589
Selling, General & Administrative	2,787,803	2,871,309	7,675,434	7,814,233
Total Operating Expenses	3,517,019	3,443,777	9,659,056	9,619,822
INCOME FROM OPERATIONS	1,533,275	1,379,979	4,336,321	3,129,685
OTHER INCOME
Other Income	24,259	8,922	197,453	119,921
Interest Income	233,817	154,848	578,002	494,613
Total Other Income, net	258,076	163,770	775,455	614,534
INCOME BEFORE INCOME TAX EXPENSE	1,791,351	1,543,749	5,111,776	3,744,219
INCOME TAX (EXPENSE) BENEFIT
Current Tax (Expense)	(408,583)	(268,786)	(1,104,002)	(692,361)
Deferred Tax Benefit	6,844	8,022	10,371	52,864
Total Income Tax (Expense)	(401,739)	(260,764)	(1,093,631)	(639,497)
NET INCOME	$ 1,389,612	$ 1,282,985	$ 4,018,145	$ 3,104,722
NET INCOME PER SHARE:
Basic	$ 0.12	$ 0.11	$ 0.36	$ 0.28
Diluted	$ 0.12	$ 0.11	$ 0.36	$ 0.27
WEIGHTED AVERAGE SHARES:
Basic	11,279,904	11,237,654	11,275,149	11,226,665
Diluted	11,298,951	11,304,549	11,294,196	11,293,560
NET INCOME	$ 1,389,612	$ 1,282,985	$ 4,018,145	$ 3,104,722
Foreign Currency Translation Adjustment	(98,810)	70,492	571,859	842,345
Total Other Comprehensive (Loss) Income	(98,810)	70,492	571,859	842,345
COMPREHENSIVE INCOME	$ 1,290,802	$ 1,353,477	$ 4,590,004	$ 3,947,067

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Jul. 31, 2026	Jul. 31, 2025
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 4,018,145	$ 3,104,722
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation of property and equipment	646,311	642,801
Amortization of intangible assets	406,681	394,566
Stock-based compensation	39,063	196,156
Deferred income taxes	(10,371)	(52,863)
Gain on sale of asset	(133,566)
Provision for contingent consideration liability (PAL Earn-out)	438,588	158,872
Allowance for credit loss		(41,277)
Non cash operating lease expense		16,396
(Increase) decrease in operating assets:
Accounts receivable, net	(1,824,944)	(224,619)
Inventory	421,340	640,394
Unbilled receivables	(254,952)	(1,048,277)
Prepaid expenses	85,325	66,496
Other current assets	371,573	420,946
Increase (decrease) in operating liabilities:
Accounts payable and other current liabilities	(826,831)	62,264
Deferred revenue	53,655	(28,712)
Net Cash provided by Operating Activities	3,430,017	4,307,865
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of property and equipment	(365,727)	(805,380)
Purchases of other intangible assets	(55,823)	(16,811)
Proceeds from the sale of property and equipment	148,208
Net Cash used in Investing Activities	(273,342)	(822,191)
CASH FLOWS FROM FINANCING ACTIVITIES
Purchase of treasury stock	(13,669)
Net Cash used in Financing Activities	(13,669)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	(111,102)	231,693
NET INCREASE IN CASH AND CASH EQUIVALENTS	3,031,904	3,717,367
CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE PERIOD	28,682,615	22,479,072
CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD	31,714,519	26,196,439
SUPPLEMENTAL CASH FLOW INFORMATION
Cash paid for taxes	$ 1,132,783	$ 415,221

Consolidated Balance Sheets (Unaudited) - USD ($)	Jul. 31, 2026	Oct. 31, 2025
CURRENT ASSETS
Cash and Cash Equivalents	$ 31,714,519	$ 28,682,615
Accounts Receivable, net	5,620,208	3,732,806
Inventory	13,487,657	13,636,512
Unbilled Receivables	3,260,065	2,988,779
Prepaid Expenses	356,128	434,021
Other Current Assets	161,128	531,469
Total Current Assets	54,599,705	50,006,202
FIXED ASSETS
Property and Equipment, net	7,428,835	7,295,791
Right of Use Assets	339,766	372,647
Total Fixed Assets, net	7,768,601	7,668,438
OTHER ASSETS
Goodwill	3,639,334	3,639,334
Intangible Assets, net	2,845,726	3,179,588
Total Other Assets	6,485,060	6,818,922
Total Assets	68,853,366	64,493,562
CURRENT LIABILITIES
Accounts Payable	977,071	1,407,439
Current portion of operating lease liabilities	42,159	34,862
Accrued Expenses and Other Current Liabilities	2,577,220	2,475,952
Deferred Revenue	1,829,012	1,722,796
Total Current Liabilities	5,425,462	5,641,049
LONG TERM LIABILITIES
Deferred Tax Liability, net	317,214	317,949
Non-current operating lease liabilities, net	343,222	360,070
Deferred Revenue, net	36,656	59,080
Total Long Term Liabilities	697,092	737,099
Total Liabilities	6,122,554	6,378,148
Commitments and contingencies
STOCKHOLDERS’ EQUITY
Common Stock, $.001 par value; 150,000,000 shares authorized, 11,291,850 issued and 11,280,754 outstanding as of July 31, 2026 and 11,280,368 shares issued and 11,270,575 outstanding as of October 31, 2025	11,281	11,271
Preferred Stock $.001 par value; 5,000,000 shares authorized, zero issued and outstanding as of July 31, 2026 and October 31, 2025
Treasury Stock 11,096 shares as of July 31, 2026 and 9,793 shares at October 31, 2025	(75,602)	(61,933)
Additional Paid-in Capital	63,360,347	63,321,294
Accumulated Other Comprehensive Loss	(1,306,798)	(1,878,657)
Accumulated Earnings (Deficit)	741,584	(3,276,561)
Total Stockholders’ Equity	62,730,812	58,115,414
Total Liabilities and Stockholders’ Equity	$ 68,853,366	$ 64,493,562