Karbon-X Corp. (KARX)
Karbon-X Corp., headquartered in Calgary, Canada, and founded in 2017, functions as a carbon marketing enterprise. The company's core mission revolves around leveraging technology-driven strategies to mitigate greenhouse gas emissions. It actively contributes to this goal by facilitating the trade of carbon credits. Beyond this, Karbon-X allocates capital to various initiatives designed to reduce atmospheric CO2, including direct air capture systems, sustainable hydroelectric power generation, and large-scale reforestation programs. Its services are extended to a diverse clientele across sectors such as mining, forestry, civil engineering projects, transportation, and the oil and gas industries. The entity, originally incorporated as Cocoluv, Inc., rebranded itself as Karbon-X Corp. in April 2022.
Sector: Perfumes, Cosmetics & Other Toilet Preparations
Industry: Consulting Services
Karbon-X Corp.
No splits on record
Nothing in KARX's public trading history: no forward or reverse split has affected the share count.
| Period | FY 2025 | FY 2024 | FY 2022 |
|---|---|---|---|
| Currency | USD | USD | USD |
| Period Ending | 2026-05-31 | 2025-05-31 | 2022-05-31 |
| Revenue | $55.86M | $3.16M | $10K |
| YoY Growth | 1665.6% | 32075.0% | - |
| Cost of Revenue | $55M | $2.36M | $1K |
| Gross Profit | $860K | $801K | $9K |
| Gross Margin | 1.5% | 25.3% | 89.6% |
| Research and Development | $0 | $0 | $0 |
| Selling, General, and Administrative | $4.51M | $2.9M | $1.72M |
| Other | $7.42M | $4.55M | $239K |
| Total Operating Expenses | $11.93M | $7.45M | $239K |
| Operating Income (EBIT) | -$11.07M | -$6.65M | -$239K |
| Operating Margin | -19.8% | -210.1% | -2428.0% |
| Interest Expense | -$3.32M | $372K | $0 |
| Interest Income | $0 | $33K | $0 |
| Other Income (Expense) | -$2.52M | -$406K | -$7K |
| Income Before Tax (EBT) | -$13.59M | -$7.05M | -$239K |
| Income Tax Expense | $0 | $0 | $0 |
| Net Income | -$13.59M | -$7.05M | -$239K |
| Net Income Margin | -24.3% | -222.9% | -2428.0% |
| Supplementary Data | |||
| EPS | -0.16 | -0.08 | -0.03 |
| Diluted EPS | -0.16 | -0.08 | -0.03 |
| Weighted Average OS | 86.72M | 83.56M | 0 |
| EBITDA | $281K | -$6.62M | -$1.98M |
| EBITDA Margin | 0.5% | -209.1% | -20171.7% |
| Period | FY 2025 | FY 2024 | FY 2022 |
|---|---|---|---|
| Currency | USD | USD | USD |
| Period Ending | 2026-05-31 | 2025-05-31 | 2022-05-31 |
| Assets | |||
| Current Assets | |||
| Cash and Cash Equivalents | $1.16M | $704K | $477K |
| Short-Term Investments | $0 | $0 | $0 |
| Cash and Short-Term Investments | $1.16M | $704K | $477K |
| Accounts Receivable | $1.19M | $2K | $2K |
| Inventory | $650K | $100K | $0 |
| Other Current Assets | $3.07M | $4.98M | $189K |
| Total Current Assets | $6.06M | $5.79M | $668K |
| Long-Term Assets | |||
| Property, Plant & Equipment Net | $428K | $509K | $3K |
| Goodwill | $0 | $0 | $0 |
| Intangible Assets | $644K | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 |
| Other Long-Term Assets | $2.48M | $485K | $613 |
| Total Long-Term Assets | $3.56M | $994K | $4K |
| Other Assets | $0 | $0 | $0 |
| Total Assets | $9.62M | $6.78M | $672K |
| Liabilities | |||
| Current Liabilities | |||
| Accounts Payable | $2.26M | $1.09M | $31K |
| Short-Term Debt | $2.19M | $2.54M | $0 |
| Current Income Tax Payable | $0 | $0 | $0 |
| Current Unearned Revenue | $3.79M | $3.86M | $0 |
| Other Current Liabilities | $4.12M | $190K | $0 |
| Total Current Liabilities | $10.1M | $7.69M | $31K |
| Long-Term Liabilities | |||
| Long-Term Debt | $5.5M | $460K | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 |
| Other Long-Term Liabilities | $0 | $0 | $3K |
| Total Long-Term Liabilities | $5.5M | $460K | $3K |
| Other Liabilities | $0 | $0 | $0 |
| Total Liabilities | $15.6M | $8.15M | $34K |
| Stockholders' Equity | |||
| Preferred Stock | $0 | $0 | $0 |
| Common Stock | $95K | $82K | $68K |
| Retained Earnings | -$25.58M | -$11.99M | -$204K |
| Comprehensive Income & Other | $218K | -$23K | -$13K |
| Other Stockholders' Equity | $19.5M | $10.54M | $774K |
| Total Equity | -$5.98M | -$1.37M | $638K |
| Minority Interest | $0 | $0 | $0 |
| Total Liabilities and Equity | $9.62M | $6.78M | $672K |
| Supplementary Data | |||
| Total Debt | $7.69M | $3M | $0 |
| Net Debt | $6.53M | $2.3M | -$477K |
| Period | FY 2025 | FY 2024 | FY 2022 |
|---|---|---|---|
| Currency | USD | USD | USD |
| Period Ending | 2026-05-31 | 2025-05-31 | 2022-05-31 |
| Operating Activities | |||
| Net Income | -$13.59M | -$7.05M | -$239K |
| Depreciation & Amortization | $281K | $32K | $4K |
| Deferred Income Tax | $0 | $0 | $0 |
| Stock-Based Compensation | $1.26M | $627K | $0 |
| Changes in Working Capital: | |||
| Accounts Receivable | -$633K | $119K | -$35K |
| Inventory | -$550K | $217K | -$81K |
| Accounts Payable | $1.16M | $334K | $31K |
| Other Working Capital | $0 | $2.56M | $208K |
| Total Working Capital Change | $0 | -$558K | $239K |
| Other Non-Cash Items | $12.04M | $6.39M | -$4K |
| Net Cash from Operating | $0 | $0 | $0 |
| Investing Activities | |||
| Capital Expenditures | $0 | $0 | -$3K |
| Acquisitions | $0 | $0 | $0 |
| Purchases of Investments | $2.93M | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 |
| Other Investing Activities | -$5.36M | -$8K | $0 |
| Net Cash from Investing | -$2.43M | -$8K | -$3K |
| Financing Activities | |||
| Debt Repaid | - | - | - |
| Common Stock Issuance | $242K | $0 | $0 |
| Common Stock Repurchases | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 |
| Other Financing Activities | $10.5M | $4.56M | $855K |
| Net Cash from Financing | $10.5M | $4.56M | $855K |
| Forex Effect | $0 | $0 | $0 |
| Net Change in Cash | $451K | -$1.97M | $852K |
| Supplementary Data | |||
| Operating Cash Flow | $0 | $0 | $0 |
| Capital Expenditure | $0 | $0 | -$3K |
| Free Cash Flow | $0 | -$6.5M | -$3K |
| Cash at Beginning | $704K | $2.68M | -$374K |
| Cash at End | $1.16M | $704K | $477K |