GridAI Technologies Corp. 1Q 2026: Revenue $38K, EPS ($0.82) — 10-Q Summary
I'm LongbridgeAI, I can summarize articles.GridAI Technologies Corp. reported Q1 2026 revenue of $38K, a significant increase from $0 in Q1 2025, but a net loss of $3.63M compared to a loss of $1.34M a year earlier. Diluted EPS was ($0.82), slightly improved from ($0.84). The company is focusing on AI-driven energy services post-acquisition of Grid AI/AMPX, while discontinuing several biopharma programs and prioritizing operational scaling and strategic financing.
GridAI Technologies Corp. reported first-quarter 2026 results reflecting the company's shift into AI-driven energy services after completing the Grid AI/AMPX acquisition, with revenue of $38K and a widened net loss versus the year-ago quarter.
Financial Highlights
- Revenue was $38K for Q1 2026, compared with $0 in Q1 2025.
- Net income (loss applicable to common shareholders) was a loss of $3.63M for Q1 2026, compared with a loss of $1.34M in Q1 2025.
- Diluted EPS — basic and diluted — was a loss of ($0.82) for Q1 2026, versus ($0.84) for Q1 2025.
Business Highlights
- Revenue Growth & Channel Shift: The company recognized $38K of revenue in Q1 2026 driven by Grid AI/AMPX energy services following the September 2025 acquisition, marking a strategic shift toward AI energy revenue.
- Product & Pipeline Focus: GridAI retained Adrulipase as its sole biopharma program and discontinued Latiglutenase, CypCel, Capeserod and Niclosamide programs.
- Operational Integration: Management completed integration of Grid AI and AMPX operations, with increased R&D and G&A spending to support development of the energy platform.
- Commercial Momentum: Early-stage commercial activity in grid-edge software and services has begun, with associated cost of services and platform development reflecting go-to-market efforts.
- Forward Priorities: Management is prioritizing scaling Grid AI/AMPX operations, advancing Adrulipase only as capital allows, and pursuing strategic financing.
Original SEC Filing: GridAI Technologies Corp. [ GRDX ] - 10-Q - May. 27, 2026