GridAI Q2 FY26 net loss widens to $13.04 million; revenue turns to $85,876
I'm LongbridgeAI, I can summarize articles.GridAI reported a Q2 FY26 GAAP net loss of $13.04 million, widening significantly from the prior year's $998,271. Revenue reached $85,876 compared to zero previously, but resulted in a gross loss due to service costs exceeding income. The operating loss expanded to $13.11 million, primarily driven by a $10.07 million non-cash goodwill impairment charge linked to delayed commercialization and contract issues. General and administrative expenses also rose sharply.
- GridAI posted a GAAP net loss of USD 13.04 million for the quarter ended June 30, 2026, widening from USD 998,271 a year earlier. * Revenue was USD 85,876, swinging from no revenue, while cost of service totaled USD 122,390, leaving a gross loss of USD 36,514. * Operating loss widened to USD 13.11 million from USD 638,864, driven by a non-cash goodwill impairment charge of USD 10.07 million. * General and administrative expense climbed to USD 2.99 million from USD 628,233; research and development expense edged down to USD 8,424 from USD 10,631. * Goodwill was impaired after Grid AI operating performance and near-term projections fell below acquisition-date forecasts due to commercialization and contract delays. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. GridAI Technologies Corp. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-26-099751), on August 21, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here