$DEVSF

DevvStream Corp.

CIK:0001854480|SEC Filings

CONDENSED CONSOLIDATED INTERIM STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($)	3 Months Ended		9 Months Ended
	Apr. 30, 2026	Apr. 30, 2025	Apr. 30, 2026	Apr. 30, 2025
CONDENSED CONSOLIDATED INTERIM STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) [Abstract]
Revenue	$ 720	$ 10,164	$ 8,863	$ 10,164
Cost of sales	(1,520)	(2,688)	(10,177)	(2,688)
Gross profit	(800)	7,476	(1,314)	7,476
Operating expenses
Sales and marketing	184,260	155,496	380,721	832,188
Depreciation	0	231	0	953
General and administrative	418,735	235,972	1,194,178	627,377
Professional fees	1,451,076	841,536	4,721,929	6,846,934
Salaries and wages	83,635	353,808	261,438	1,013,152
Total operating expenses	(2,137,706)	(1,587,043)	(6,558,266)	(9,320,604)
Other income (loss)
Other income	14,157	0	14,157	0
Staking income	15,687	0	55,932	0
Accretion expense	(196,151)	(57,908)	(664,262)	(226,853)
Interest expense	(209,378)	(75,264)	(767,149)	(151,865)
Equity loss on investment in associate	(9,221)	(298,804)	(109,398)	(405,654)
Change in fair value of derivative liabilities	0	0	(1,500)	719,000
Change in fair value of warrant liabilities	1,437,604	5,641,785	5,195,203	5,651,008
Change in fair value of mandatory convertible debentures	0	0	0	70,500
Impairment of carbon credits	(1,738)	18	(14,706)	(1,207,782)
Inducement expenses on loan conversion	(3,599,981)	0	(3,599,981)	0
Stop-loss provision loss	(9,202)	(76,535)	(58,542)	(1,101,248)
Loss on revaluation of cryptocurrencies	(329,371)	0	(2,442,443)	0
Loss on default penalty on convertible debt	(1,159,038)	0	(1,159,038)	0
Gain on share settlement	0	0	0	899,015
Gain on settlement of debt	0	0	17,007	0
Foreign exchange loss	(12,178)	(31,100)	(39,125)	(24,428)
Total other income (loss)	(4,058,810)	5,102,192	(3,573,845)	4,221,693
Net income (loss)	(6,197,316)	3,522,625	(10,133,425)	(5,091,435)
Other comprehensive gain (loss)
Foreign currency translation	(18)	(373)	(146)	1,435
Net income (loss) and comprehensive income (loss)	$ (6,197,334)	$ 3,522,252	$ (10,133,571)	$ (5,090,000)
Weighted average number of common shares outstanding – Basic (in Shares)	9,715,606	2,914,622	5,866,870	2,252,416
Weighted average number of common shares outstanding – Diluted (in Shares)	9,715,606	2,914,622	5,866,870	2,252,416
Income (Loss) per share – Basic (in Dollars per share)	$ (0.64)	$ 1.21	$ (1.73)	$ (2.26)
Income (Loss) per share – Diluted (in Dollars per share)	$ (0.64)	$ 1.21	$ (1.73)	$ (2.26)

CONDENSED CONSOLIDATED INTERIM STATEMENTS OF CASH FLOWS - USD ($)		3 Months Ended		9 Months Ended		12 Months Ended
	Aug. 01, 2024	Apr. 30, 2026	Apr. 30, 2025	Apr. 30, 2026	Apr. 30, 2025	Jul. 31, 2025
Operating activities
Net loss for the period		$ (6,197,316)	$ 3,522,625	$ (10,133,425)	$ (5,091,435)
Items not affecting cash:
Depreciation		0	231	0	953
Share based compensation				122,421	484,577
Change in fair value of derivative liabilities		0	0	1,500	(719,000)
Change in fair value of mandatory convertible debentures		0	0	0	(70,500)
Change in fair value of warrant liabilities	$ 454,571			(5,195,203)	(5,651,008)
Change in fair value of stock option liabilities				(126,730)	(294,441)
Gain on settlement of accounts payable				(17,007)	(899,015)
Loss on investment in associate		9,221	298,804	109,398	405,654
Loss on revaluation of cryptocurrencies		329,371	0	2,442,443	0
Impairment of carbon credits		1,738	(18)	14,706	1,207,782
Inducement expenses on loan conversion		3,599,981	0	3,599,981	0
Loss on default penalty on convertible debt		1,159,038	0	1,159,038	0
Retirement of carbon credits				50,000	0
Stop-loss provision loss		9,202	76,535	58,542	1,101,248
Staking income		(15,687)	0	(55,932)	0
Accrued interest				765,418	149,905
Accretion expense				664,262	226,853
Other income		(14,157)	0	(14,157)	0
Changes in non-cash working capital items:
Trade receivable				133	(9,164)
GST receivable				9,268	(37,350)
Other receivables				0	(171,573)
Carbon credits				(43,643)	(97,904)
Prepaid expenses				(96,244)	(60,857)
Accounts payable and accrued liabilities				(492,929)	4,761,674
Due to related party				(261,237)	0
Net cash used in operating activities				(7,439,397)	(4,763,601)
Investing activities
Cash assumed on RTO				0	1,661,645
Purchase of cryptocurrencies				(5,125,100)	0
Sale of cryptocurrencies				100	0
Advances to Southern Energy Renewables		(900,000)		(900,000)	0
Net cash (used in) provided by investing activities				(6,025,000)	1,661,645
Financing activities
(Repayment of) Proceeds from convertible debentures				(1,611,402)	285,650
Proceeds from warrant exercise				0	86,237
Proceeds from PIPE financing				2,000,004	2,230,000
Proceeds from ELOC drawdown				1,655,952	481,530
Proceeds from promissory note				700,000	0
Proceeds from pre-funded warrants				250,000	0
Proceeds from Series A preferred stock subscription				900,000	0
Net cash provided by financing activities				3,894,554	3,083,417
Effect of exchange rate changes on cash				(146)	1,435
Net decrease in cash and restricted cash				(9,569,989)	(17,104)
Cash and restricted cash, Beginning	$ 21,106			9,851,111	21,106	$ 21,106
Cash and restricted cash, Ending		281,122	4,002	281,122	4,002	9,851,111
Presented as:
Cash		201,132	4,002	201,132	4,002	$ 3,446,111
Restricted cash		$ 79,990	$ 0	79,990	0
Supplemental information:
Taxes paid				0	0
Interest paid				410,898	0
Fair value of warrants exercised				0	389,729
Fair value of securities issued for the RTO (Note 4)				0	3,147,117
Fair value of securities issued for settlement of accounts payable				1,000,000	10,888,912
Fair value of securities issued for services				0	585,155
Fair value of securities issued for carbon credits				0	1,982,424
Fair value of securities issued for the acquisition of interest in associate				0	1,220,000
Fair value of securities issued for ELOC commitment				0	363,333
Repayment of convertible debentures from ELOC drawdown proceeds				580,233	0
Repayment of promissory note payable from ELOC drawdown proceeds				84,745	0
Convertible debentures and derivative liabilities converted into shares				7,588,105	0
Fair value of securities issued for inducement expenses				3,349,981	0
Convertible debenture issued for inducement expenses				$ 250,000	$ 0

CONDENSED CONSOLIDATED INTERIM BALANCE SHEETS - USD ($)	Apr. 30, 2026	Jul. 31, 2025
Current assets
Cash	$ 201,132	$ 3,446,111
Trade receivable	7,229	7,360
GST receivable	131,376	140,646
Corporate taxes receivable	171,573	171,573
Deferred financing costs	138,720	138,720
Prepaid expenses	272,140	175,896
Deposit on carbon credits purchase	164,191	173,649
Carbon credits	112,609	83,672
Total current assets	1,198,970	4,337,627
Restricted cash	79,990	6,405,000
Cryptocurrencies – restricted	2,738,489	0
Long-term advances	900,000	0
Deferred financing costs, long-term	69,170	172,925
Deposit on carbon credits purchase, long-term	207,212	247,754
Investment in associate	598,591	707,989
Total assets	5,792,422	11,871,295
Current liabilities
Accounts payable and accrued liabilities	9,672,211	10,682,665
Accounts payable and accrued liabilities – related parties	34,271	794,990
Default penalty liability on convertible debt	1,159,038	0
Derivative liabilities	0	72,500
Warrant liabilities	431,270	5,626,473
Stock option liabilities	6,735	133,465
Stop loss provision liabilities	1,123,777	1,065,235
Promissory note payable	536,482	0
Deferred financing benefit	78,773	0
Total current liabilities	18,091,852	18,750,355
Total liabilities	18,091,852	31,464,840
Shareholders’ deficiency
Common shares (No par value, unlimited common shares authorized; 16,131,164 common shares issued and outstanding) (July 31, 2025 – 3,541,668)	0	0
Additional paid in capital	30,702,600	14,174,914
Series A preferred stock subscription	900,000	0
Subscription receivable	(20,000)	(20,000)
Accumulated other comprehensive loss	44,855	45,001
Deficit	(43,926,885)	(33,793,460)
Total shareholders’ deficiency	(12,299,430)	(19,593,545)
Total liabilities and shareholders’ deficiency	5,792,422	11,871,295
Nonrelated Party [Member]
Current liabilities
Convertible debentures	4,660,394	0
Convertible debentures, long term	0	8,800,339
Related Party [Member]
Current liabilities
Convertible debentures	388,901	375,027
Convertible debentures, long term	$ 0	$ 3,914,146