GridAI Technologies (GRDX) Financials
Ticker history: ENTO became GRDX (GridAI Technologies Corp.) on . Earlier news and filings retain their original names and dates. View ENTO history.
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Nov 5, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q/A for Q2 FY2026, filed Sep 18, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the GRDX SEC filings page.
GridAI Technologies Corp. (GRDX) reported $36K in revenue for fiscal year 2025. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 11 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
The filings show a development-stage business where shrinking losses coexist with tiny revenue, heavy overhead, and tighter short-term liquidity.
Both net loss and operating cash outflow narrowed between FY2023 and FY2025, showing earnings and cash movement broadly agreed rather than diverged. FY2025 revenue was only$36K against R&D of$925K , so improvement reflects spending reduction more than operating scale.
FY2025 revenue was only
Liabilities fell from
Financial Health Signals
We do not publish a peer-relative financial health score for GridAI Technologies Corp., because the score only covers companies whose filings and listing give us what it needs to compare them with their peers. The signals and metrics below are current.
GridAI Technologies Corp. scores -5.55, below the 1.81 distress threshold. The score is pulled down most by an accumulated deficit of $208.8M against total assets of $48.6M. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
GridAI Technologies Corp. passes 2 of 5 computable financial strength tests (4 of the nine could not be computed from available data). 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution).
GridAI Technologies Corp. reported a net loss of $6.4M while operations used $5.7M of cash. With neither figure positive, the ratio between the two carries no quality signal.
GridAI Technologies Corp. reported an operating loss of $7.1M against $491K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
GridAI Technologies Corp. generated $86K in revenue in Q2 2026. Against the prior quarter it is up 124.8%.
GridAI Technologies Corp.'s EBITDA was -$12.6M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
GridAI Technologies Corp. reported a net loss of $12.8M in Q2 2026. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
GridAI Technologies Corp. earned -$2.01 per diluted share (EPS) in Q2 2026. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Cash & Balance Sheet
GridAI Technologies Corp. held $1.4M in cash as of Q2 2026; no long-term debt figure is on record for that period.
Not reported for Q2 2026.
Not reported for Q2 2026.
Margins & Returns
GridAI Technologies Corp.'s gross margin was -42.5% in Q2 2026, indicating the percentage of revenue retained after direct costs.
GridAI Technologies Corp.'s quarterly ROE was -127.1% in Q2 2026: one quarter's net income over shareholder equity, not annualized. Against the prior quarter it is down 108.0 percentage points.
Not shown for Q2 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not shown for Q2 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Capital Allocation
GridAI Technologies Corp. invested $8K in research and development in Q2 2026. This represents a decrease of 20.8% from the same quarter a year earlier. Against the prior quarter it is down 98.7%.
Not reported for Q2 2026.
Not reported for Q2 2026.
GRDX Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q/A | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $86K | $38K | N/A | N/A | N/A | N/A | N/A | N/A |
| Cost of Revenue | $122K | $652K | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | -$37K | -$614K | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | $8K-20.8% | $631K+3889.3% | N/A | $7K-96.8% | $11K-95.2% | $16K-97.1% | N/A | $207K-79.5% |
| SG&A Expenses | $3.0M+376.2% | $2.4M+194.1% | $3.1M | $928K-44.9% | $628K-80.4% | $806K-90.6% | N/A | $1.7M-30.4% |
| Operating Income | -$13.1Mn/m | -$3.6Mn/m | -$4.7Mn/m | -$935Kn/m | -$639Kn/m | -$821Kn/m | -$1.2Mn/m | -$1.9Mn/m |
| EBITDA | -$12.6M | -$3.0M | N/A | N/A | N/A | N/A | N/A | -$1.9Mn/m |
| Interest Expense | $387K+974.2% | $522K+2816.4% | N/A | $36Kn/m | $36Kn/m | $18K-73.0% | N/A | -$229-118.3% |
| Income Tax | -$55Kn/m | -$298K | N/A | N/A | $0-100.0% | N/A | N/A | N/A |
| Net Income | -$12.8Mn/m | -$3.6Mn/m | -$3.0Mn/m | -$1.2Mn/m | -$998Kn/m | -$1.3M-122.6% | -$12.2Mn/m | -$2.6Mn/m |
| EPS (Basic) | -$2.01n/m | -$0.82 | -$1.88 | -$0.75n/m | -$0.23 | -$0.84 | -$3.34 | -$1.76 |
| EPS (Diluted) | -$2.01n/m | -$0.82 | -$1.88 | -$0.75n/m | -$0.23 | -$0.84 | -$3.34 | -$1.76 |
| Diluted Shares (Avg) | 6M+34.7% | 4M | N/A | 2M+8.9% | 5M | N/A | N/A | 2M |
GRDX Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q/A | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $37.0M-56.5% | $48.0M-43.7% | $48.6M-43.2% | $135.4M+57.7% | $85.1M-1.4% | $85.2M-6.5% | $85.4M+1140.8% | $85.8M+1347.9% |
| Current Assets | $2.3M-97.2% | $2.6M-96.9% | $2.6M-96.9% | $87.7M+4.6% | $83.3M-1.3% | $83.5M+1014.3% | $83.5M+1584.3% | $83.8M+2008.4% |
| Cash & Equivalents | $1.4M+30738.6% | $386K+549.6% | $900K+450.4% | $2.5M+586.3% | $4K-99.3% | $59K-98.3% | $163K-95.6% | $367K-88.9% |
| Short-Term Investments | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m |
| Accounts Receivable | $80K | $41K | $30Kn/m | $37K | N/A | N/A | $0 | N/A |
| Long-Term Investments | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m |
| Goodwill | $14.0M+734.1% | $24.1M+1332.1% | $24.1M+1332.1% | $25.8M+1431.7% | $1.7M0.0% | $1.7M-91.6% | $1.7M0.0% | $1.7M0.0% |
| Total Liabilities | $26.9M-70.5% | $20.5M-77.4% | $19.7M-77.9% | $112.8M+45.6% | $91.4M+18.4% | $90.4M+20.6% | $89.3M+2621.9% | $77.5M+2824.4% |
| Current Liabilities | $14.1M-52.3% | $16.2M-43.5% | $15.2M-45.0% | $33.5M+113.6% | $29.7M+92.9% | $28.7M+365.6% | $27.5M+779.1% | $15.7M+532.0% |
| Non-Current Liabilities | $12.8M-79.2% | $4.2M-93.1% | $4.6M-92.6% | $79.3M+28.3% | $61.7M-0.2% | $61.7M-10.3% | $61.7M+41914.7% | $61.8M+37112.3% |
| Total Equity | $10.1Mn/m | $18.6Mn/m | $19.8Mn/m | $22.6M+170.0% | -$6.3M-169.1% | -$5.2M-132.2% | -$3.9M-207.6% | $8.4M+155.2% |
| Retained Earnings | -$224.9Mn/m | -$212.1Mn/m | -$208.8Mn/m | -$205.8Mn/m | -$204.6Mn/m | -$203.6Mn/m | -$202.4Mn/m | -$190.1Mn/m |
Not reported in any period shown, so not listed: Inventory, Long-Term Debt.
GRDX Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q/A | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$1.5Mn/m | -$1.8Mn/m | -$4.0Mn/m | -$856Kn/m | -$55Kn/m | -$819Kn/m | -$172Kn/m | -$1.8Mn/m |
| Depreciation & Amortization | $549K | $600K | N/A | N/A | N/A | N/A | $0-100.0% | $1K-81.7% |
| Stock-Based Compensation | N/A | $742K | N/A | N/A | N/A | N/A | N/A | $184K-30.3% |
| Investing Cash Flow | N/A | N/A | -$13Kn/m | N/A | N/A | N/A | $0 | $0 |
| Financing Cash Flow | $2.7Mn/m | $1.5M+107.7% | $2.2Mn/m | $3.0M+94.8% | $0-100.0% | $700K-79.3% | -$32K-100.7% | $1.6M-71.2% |
Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow, Dividends Paid, Share Buybacks.
GRDX Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q/A | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | -42.5% | -1606.3% | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | -15262.4% | -9460.1% | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | -14927.4% | -9297.7% | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Equity | -127.1% | -19.1% | -15.0% | -5.1%+25.7pp | N/A | N/A | N/A | -30.8%+73.9pp |
| Return on Assets | -34.6%-33.4pp | -7.4%-5.9pp | -6.1%+8.2pp | -0.9%+2.2pp | -1.2%+9.0pp | -1.5%-7.6pp | -14.3%+45.3pp | -3.0%+54.9pp |
| Current Ratio | 0.16-2.6x | 0.16-2.7x | 0.17-2.9x | 2.62-2.7x | 2.81-2.7x | 2.90+1.7x | 3.03+1.4x | 5.34+3.7x |
| Liabilities-to-Equity | 2.67 | 1.10 | 1.00 | 4.99-4.3x | N/A | N/A | N/A | 9.25+8.4x |
| Asset Turnover | 0.00 | 0.00 | N/A | N/A | N/A | N/A | N/A | N/A |
Not reported in any period shown, so not listed: Debt-to-Equity, FCF Margin.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Gross Margin, Operating Margin, Net Margin.
Note: The current ratio is below 1.0 (0.17), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it. Market cap is stated at each company's latest close.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| GridAI Technologies Corp. GRDX | FY2025 | $36K | -$6.4M | N/A | $41.5M | — |
| LeonaBio, Inc. LONA | FY2025 | N/A | -$105.6M | N/A | $40.9M | — |
| Hyperion DeFi, Inc. HYPD | FY2025 | $813K | -$45.3M | N/A | $38.9M | — |
| Biomea Fusion, Inc. BMEA | FY2025 | N/A | -$61.8M | N/A | $42.6M | — |
| Actinium Pharmaceuticals, Inc ATNM | FY2025 | $90K | -$33.9M | N/A | $40.9M | — |
| Pelthos Therapeutics Inc. PTHS | FY2025 | $16.8M | -$43.3M | N/A | $36.6M | 25/100 |
Where GridAI Technologies Corp. Ranks
Frequently Asked Questions
GridAI Technologies Corp. (GRDX) reported $36K in total revenue for fiscal year 2025. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
No, GridAI Technologies Corp. (GRDX) reported a net loss of $6.4M in fiscal year 2025.
GridAI Technologies Corp. (GRDX) had EBITDA of -$6.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
GridAI Technologies Corp. (GRDX) has a return on equity of -32.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
GridAI Technologies Corp. (GRDX) recorded an outflow of $5.7M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
GridAI Technologies Corp. (GRDX) had $48.6M in total assets as of fiscal year 2025, including both current and long-term assets.
GridAI Technologies Corp. (GRDX) invested $925K in research and development during fiscal year 2025.
GridAI Technologies Corp. (GRDX) had a current ratio of 0.17 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
GridAI Technologies Corp. (GRDX) had a liabilities-to-equity ratio of 1.00 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity. No debt-to-equity ratio is shown for fiscal year 2025, because the filing data we hold for that year carries no long-term debt figure.
GridAI Technologies Corp. (GRDX) had a return on assets of -13.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
GridAI Technologies Corp. (GRDX) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to June 30, 2026). The market capitalization is $41.5M as of Nov 5, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
GridAI Technologies Corp. (GRDX) has no price-to-sales ratio at the moment: outside the range published as a multiple (on $36K revenue, FY2025). The market capitalization is $41.5M as of Nov 5, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
At the end of fiscal year 2025, GridAI Technologies Corp. (GRDX) held $900K in cash, cash equivalents and investments, and reported an operating cash outflow of $5.7M over that year. Dividing the one by the other, the reported balance equals about 2 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
GridAI Technologies Corp. (GRDX) has an Altman Z-Score of -5.55, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
GridAI Technologies Corp. (GRDX) has a Piotroski F-Score of 2 out of 5 computable signals; 4 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
GridAI Technologies Corp. (GRDX) reported a net loss of $6.4M while operations used $5.7M of cash. With neither figure positive, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
GridAI Technologies Corp. (GRDX) reported an operating loss of $7.1M against $491K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.