Revenue: As of FY2026 Q1, the actual value is USD 0.

EPS: As of FY2026 Q1, the actual value is USD -2.42.

EBIT: As of FY2026 Q1, the actual value is USD -1.711 M.

Fabric.AI, Inc. operates as a single reportable segment, focusing on the design and development of fabless semiconductor technologies for AI data center infrastructure. The company reported no revenue and a gross loss of $0 for the three months ended March 31, 2026, and 2025, and does not anticipate generating revenue until its products, such as the Neural I/o™ chip, are successfully developed and commercialized.

Operational Metrics

• Research and Development (R&D) Expense: R&D expense decreased by $182,866, or 59.4%, to $124,864 for the three months ended March 31, 2026, compared to $307,730 for the same period in 2025, primarily due to the substantial completion of R&D design and re-engineering of the Vanish. Future R&D expenses are anticipated to increase as development activities for the Neural I/o™ chip accelerate.
• General and Administrative (G&A) Expense: G&A expense decreased by $89,631, or 5.4%, to $1,576,191 for the three months ended March 31, 2026, from $1,665,822 in the prior year period. This reduction was mainly due to a $520,720 decrease in salaries and related consulting expenses, partially offset by a $611,468 increase in warrant expense.
• Total Operating Expenses: Total operating expenses for the three months ended March 31, 2026, were $1,701,055, down $272,497 from $1,973,552 in the corresponding period of 2025.
• Loss from Operations: Loss from operations improved to -$1,701,055 for the three months ended March 31, 2026, compared to -$1,973,552 for the same period in 2025.
• Other Income (Expense), Net: Total other income (expense), net, was -$713,420 for the three months ended March 31, 2026, a decrease of $3,531,983 compared to $2,818,563 for the same period in 2025. Key changes include interest income decreasing from $26,240 in 2025 to $10,001 in 2026, a -$6,000 change in fair value - derivative liability in 2026 (down from $1,531,000 in 2025), and an unrealized loss from remeasurement on digital assets of -$613,663 in 2026 with no comparable loss in 2025.
• Net Income (Loss): Fabric.AI, Inc. reported a net loss of -$2,414,475 for the three months ended March 31, 2026, compared to a net income of $845,011 for the same period in 2025.

Cash Flow

• Net Cash Used in Operating Activities: Net cash used in operating activities decreased to -$1,095,447 for the three months ended March 31, 2026, compared to -$1,476,150 for the same period in 2025, representing an improvement of $380,703 due to better operating results and non-cash adjustments.
• Net Cash Provided by (Used in) Investing Activities: Investing activities used -$218,982 in cash for the three months ended March 31, 2026, a decrease of $1,968,444 from $1,749,462 provided in the prior year, mainly due to lower activity in marketable securities.
• Net Cash Used in Financing Activities: Financing activities used -$403,531 in cash for the three months ended March 31, 2026, a decrease of $3,142,440 from -$3,545,971 in the prior year, primarily due to lower cash outflows from preferred stock redemptions.

Liquidity and Capital Resources

As of March 31, 2026, Fabric.AI, Inc. had $3,263,540 in cash and cash equivalents, $110,562 in restricted cash, and $3,416,475 in marketable securities. Post-March 31, 2026, the company completed financing transactions, raising $21,500,000 in gross proceeds from a private placement of Series K Convertible Preferred Stock and warrants. As of the filing date, Fabric.AI, Inc. had approximately $30 million in cash and cash equivalents, which management believes is sufficient to fund operations for at least the next twelve months.

Strategic Outlook

Fabric.AI, Inc. initiated a strategic transition in April 2026 to focus on designing and developing fabless semiconductor technologies for AI data center infrastructure, specifically MicroLED-based optical interconnects. The company plans to develop the Neural I/o™ chip in collaboration with Kopin Corporation, with an initial development cost of up to $15,000,000 and an additional $15,000,000 to $25,000,000 expected for production deployment after a successful prototype. The strategy also involves expanding into other system-critical semiconductor technologies for AI workloads and pursuing strategic relationships with leading AI and hyperscale technology companies.