Karbon‑X (OTCQB:KARX) Reports Record Fiscal 2026 Revenue of $55.9 Million as Company Scales Global Carbon Market Operations
Karbon-X reported record fiscal 2026 revenue of $55.9 million, up roughly 1,670% from $3.16 million a year earlier, driven by its first full year of large-scale carbon credit trading. However, gross profit was nearly flat at $0.86 million versus $0.80 million, reflecting a mix shift toward high-volume, lower-margin trading; total assets rose 42% to $9.6 million. The company converted $7.0 million of convertible notes and interest into 10.6 million shares (including a $3.5 million Hedera Foundation note), with roughly $0.79 million more converted post-year-end, against 94,885,028 shares outstanding.
Key figures
- Revenue
- 55900000
- Revenue Yoy
- approximately 1,670%
- Total assets
- 9600000
- Prior year revenue
- 3160000
- Shares outstanding
- 94885028
- Total assets growth
- 42%
- Convertible notes converted
- 7000000
- Shares issued from conversion
- 10600000
AI analysis
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