Here are the 10-Q quarterly reports from Karbon-X Corp (KARX) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow KARX and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full KARX filings page.
Karbon-X Corp. amended its quarterly report to add omitted prior-year comparisons, option contractual-life and exercise-price disclosures, and convertible-note and securities-purchase exhibits. For the three months ended August 31, 2026, revenue was $343,967, versus $35,658,933 a year earlier; the prior-year period included industrial carbon-credit trading in Cyprus that did not recur. Net loss was $3,955,038, compared with $2,596,234, and operating activities used $1,198,464 of cash.
At August 31, cash was $335,445 and working capital was negative $7,297,897. Management said these conditions raise substantial doubt about the company’s ability to continue as a going concern within one year after the statements are issued. A loan receivable was past due and carried net at $651,967 after a $1,117,470 credit-loss allowance. Five notes issued during the quarter had a combined face amount of $773,500 and purchase prices totaling $670,500; they mature in 12 months and become convertible after six months.
After quarter-end, the company issued 8,000,000 restricted shares under a six-month advisory and marketing agreement with a $500,000 cash fee, and issued $5,000,000 in convertible notes under consulting agreements. Shares outstanding were approximately 109.2 million as of October 15, 2026.
Karbon-X Corp. reported revenue of $343,967 for the three months ended August 31, 2026, compared with $35,658,933 a year earlier. Prior-year revenue included industrial carbon-credit trading that did not recur; current-quarter trading volume was also reduced by delayed credit deliveries. The affected transfers were completed in October 2026, and the transactions will be reflected in second-quarter results. Net loss was $3,955,038, compared with $2,596,234, and cash used in operating activities was $1,198,464.
At August 31, 2026, cash was $335,445 and negative working capital was $7,297,897. Management said additional funding is required for ongoing obligations and anticipated operating losses, and that these conditions raise substantial doubt about the company’s ability to continue as a going concern within one year after the statements were issued. During the quarter, five convertible notes had an aggregate face amount of $773,500 and aggregate purchase prices of $670,500; notes outstanding at quarter end mature within twelve months.
Karbon-X Corp. reported a dramatic scale-up in its carbon-credit business, with revenue for the nine months ended February 28, 2026 rising to $60,779,140 from $1,530,349 a year earlier, driven mainly by its new trading subsidiary.
Despite this growth, the company posted a net loss of $9,218,818 and an accumulated deficit of $21,209,651, and management states there is substantial doubt about its ability to continue as a going concern without additional capital. Total liabilities reached $27,299,780 versus assets of $20,401,351, leaving a stockholders’ deficit of $6,898,429.
Karbon-X strengthened liquidity, with cash increasing to $4,055,126 and current assets to $17,869,967, funded largely through $7,046,000 in convertible notes, new long-term debt, and equity issuances. Complex instruments—including variable-price convertible notes with embedded derivative liabilities of $1,207,265, warrants, and a carbon-project asset acquisition—create potential future dilution and financial complexity as the company pursues growth in voluntary carbon markets.
Karbon-X Corp. reported explosive growth but ongoing losses in its quarter ended November 30, 2025. Revenue for the six months jumped to $56.5 million, up sharply from $1.3 million a year earlier, mainly from selling carbon credits through its new trading subsidiary. Three-month revenue reached $20.8 million, but gross profit was only $2.0 million, reflecting thin margins.
The company posted a six-month net loss of $4.0 million and had an accumulated deficit of $16.0 million, leaving stockholders’ equity at a negative $2.37 million. Cash rose to $6.5 million as Karbon-X raised funds via $4.6 million of convertible notes, long-term debt, and a receivables financing facility, and converted $2.28 million of loans into equity. Management discloses substantial doubt about its ability to continue as a going concern and plans to rely on additional capital raising. The company also acquired carbon-offset projects for $605,093, which management believes could be worth over $22 million, and recorded a large securities receivable tied to a true-up on New Pubco shares.
Karbon-X Corp. (KARX) reported a sharp scale-up in Q1 FY2026. Revenue reached $35,658,933, up from $127,429 a year ago, driven by carbon credit trading. Gross profit was $293,869, and the company posted an operating loss of $2,365,065 and a net loss of $2,596,234 (loss per share $0.03).
Liquidity remains tight. Cash was $1,358,662 with current assets of $6,512,591 versus current liabilities of $8,358,814. Stockholders’ equity was a deficit of $(1,345,539). Management disclosed “substantial doubt” about the company’s ability to continue as a going concern.
The quarter included $3,500,000 in new convertible notes, plus conversions of 4,870,291 shares from $2,193,195 principal and $90,954 interest. Convertible notes payable (net) were $3,481,191 with embedded derivative liabilities of $351,630. The company acquired a portfolio of carbon-offset projects recorded as inventory work-in-progress for $605,093. Shares outstanding were 87,163,563 as of October 13, 2025.