GRDX revenueQ2 2026$85.9K
- QoQ
- +124.8%
- 5Y CAGR
- +137.1%
GRDX revenue was $85.9K in fiscal Q2 2026 (ended Jun 30, 2026), up 124.8% from the prior quarter. For the full fiscal 2025 it was $36.3K. Compound annual growth was +137.1% over 5 years.
GridAI Technologies Corp. (GRDX) financials
For fiscal 2025 (ended Dec 31, 2025), GridAI Technologies Corp. reported $36.3K of revenue and -$6.39M of net income.
- Revenue, FY2025
- $36.3K
- Net income, FY2025
- -$6.39M
- Net margin
- -17634.4%
- EPS, diluted, FY2025
- -$4.16
- Cash
- $1.38M
- Total debt
- $1.68M
- P/S
- 967.84
- Market cap
- $35.1M
FY2018FY2025
FY2016FY2025
FY2016FY2021
GRDX revenue and earnings growth
GRDX net incomeQ2 2026-$12.90M
GRDX net income was -$12.90M in fiscal Q2 2026 (ended Jun 30, 2026), compared with -$1.08M a year earlier. For the full fiscal 2025 it was -$6.39M, compared with -$18.06M in fiscal 2024.
GRDX EPSQ2 2026-$2.01
GRDX diluted EPS was -$2.01 in fiscal Q2 2026 (ended Jun 30, 2026), compared with -$0.23 a year earlier. For the full fiscal 2025 it was -$4.16.
Income statement
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $36.3K | - | - | - | - | $484 | $0 | $0 | - | - |
| Cost of revenue | $693.7K | - | - | - | - | - | - | - | - | - |
| Gross profit | -$657.4K | - | - | - | - | - | - | - | - | - |
| Research and development | $925.5K | $903.9K | $5.03M | $8.78M | $16.99M | $5.89M | $8.68M | $5.77M | $2.40M | $2.50M |
| Selling, general and admin | $5.50M | $14.72M | $10.74M | $11.99M | $18.38M | $7.29M | $6.06M | $7.45M | $7.69M | $4.13M |
| Operating income | -$7.08M | -$15.62M | -$15.77M | -$12.68M | -$59.06M | -$26.43M | -$14.74M | -$13.43M | -$10.22M | -$6.33M |
| Interest expense | - | - | $22.5K | $15.9K | $11.2K | $5.84M | $433.9K | $101.8K | $875.2K | $5.94M |
| Pre-tax income | -$6.64M | -$15.62M | - | - | - | -$32.67M | -$15.18M | - | -$11.10M | -$14.59M |
| Income tax | -$398.7K | - | - | - | $0 | $0 | $0 | - | $0 | $0 |
| Net income | -$6.39M | -$18.06M | -$15.79M | -$14.63M | -$58.54M | -$32.67M | -$15.18M | -$13.53M | -$11.10M | -$14.59M |
| EPS, basic | -$4.16 | -$15.99 | -$143.64 | -$1250.82 | -$41759.13 | -$308.28 | $4709368440.00 | $3242255100.00 | -$218.40 | -$470.40 |
| EPS, diluted | -$4.16 | -$15.99 | -$143.64 | -$1250.82 | -$41759.13 | -$308.28 | $4709368440.00 | $3242255100.00 | -$218.40 | -$470.40 |
| Diluted shares | 1.6M | 1.1M | 112,114 | 11,970.667 | 2,023.952 | 135,410.905 | 0.003 | -0.004 | 50,613.5 | 30,975.186 |
Balance sheet
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $899.8K | $163.5K | $3.71M | $1.36M | $8.25M | $6.06M | $175.8K | $1.11M | $573.5K | $1.77M |
| Short-term investments | - | - | - | - | - | - | - | - | - | $0 |
| Receivables | $30.0K | $0 | - | $93.0K | $0 | $551.5K | $2.64M | $3.17M | $1.10M | $961.0K |
| Current assets | $2.60M | $83.48M | $4.96M | $3.41M | $9.42M | $7.87M | $3.41M | $4.80M | $1.95M | $2.96M |
| Goodwill | $24.12M | $1.68M | $1.68M | $1.68M | $1.91M | $2.05M | $1.89M | $1.92M | $2.02M | $1.77M |
| Total assets | $48.55M | $85.41M | $6.88M | $5.44M | $11.79M | $12.92M | $8.90M | $7.47M | $5.48M | $6.75M |
| Current liabilities | $15.16M | $27.55M | $3.13M | $2.48M | $12.30M | $15.55M | $4.29M | $3.00M | $2.48M | $2.34M |
| Total debt | $2.03M | - | - | - | - | $552.4K | $444.4K | - | - | - |
| Total liabilities | $19.72M | $27.61M | $3.28M | $2.70M | $19.61M | $15.56M | $4.29M | $3.00M | $3.82M | $3.54M |
| Shareholders' equity | $24.94M | -$3.88M | $3.60M | $2.74M | -$7.82M | -$2.64M | $4.62M | $4.47M | $1.66M | $3.21M |
Cash flow
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$5.70M | -$9.22M | -$12.38M | -$22.34M | -$32.29M | -$11.22M | -$14.03M | -$10.87M | -$7.18M | -$4.53M |
| Capital expenditures | - | - | - | - | $69.5K | $4.2K | $24.1K | $55.5K | $32.2K | $12.4K |
| Free cash flow | - | - | - | - | -$32.36M | -$11.23M | -$14.06M | -$10.92M | -$7.22M | -$4.55M |
| Investing cash flow | $323.5K | $88.2K | -$500.0K | - | -$10.32M | $87.3K | -$24.1K | -$305.5K | -$32.2K | -$12.4K |
| Financing cash flow | $5.89M | $5.58M | $15.23M | $15.74M | $44.76M | $17.05M | $13.14M | $11.71M | $6.01M | $5.75M |
| Stock-based compensation | $734.0K | $631.6K | $1.04M | $769.1K | $1.37M | $522.1K | $574.3K | $1.44M | $609.4K | $0 |
| Depreciation and amortization | $574.7K | $48.9K | $29.3K | $29.0K | $15.0K | $38.0K | $63.1K | - | - | - |
Key ratios
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin | -1813.6% | - | - | - | - | - | - | - | - | - |
| Operating margin | -19540.0% | - | - | - | - | -5461315.7% | - | - | - | - |
| Net margin | -17634.4% | - | - | - | - | -6750302.9% | - | - | - | - |
| Free cash flow margin | - | - | - | - | - | -2319360.5% | - | - | - | - |
| Return on equity | -25.6% | - | -438.4% | -533.5% | - | - | -328.7% | -302.5% | -668.2% | -454.1% |
| Return on assets | -13.2% | -21.1% | -229.5% | -268.9% | -496.5% | -252.8% | -170.5% | -181.2% | -202.5% | -216.0% |
| Current ratio | 0.17 | 3.03 | 1.58 | 1.37 | 0.77 | 0.51 | 0.80 | 1.60 | 0.79 | 1.27 |
| Debt to equity | 0.08 | - | - | - | - | - | 0.10 | - | - | - |
Income statement
| Line item | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $85.9K | $38.2K | - | - | - | - | - | - | - | - | - | - |
| Cost of revenue | $122.4K | $651.9K | - | - | - | - | - | - | - | - | - | - |
| Gross profit | -$36.5K | -$613.7K | - | - | - | - | - | - | - | - | - | - |
| Research and development | $8.4K | $631.4K | $893.4K | $6.7K | $10.6K | $15.8K | $21.4K | $207.0K | $219.6K | $554.7K | $1.31M | $1.01M |
| Selling, general and admin | $2.99M | $2.37M | $3.14M | $928.1K | $628.2K | $805.6K | $1.18M | $1.69M | $3.21M | $8.54M | $2.79M | $2.42M |
| Operating income | -$13.11M | -$3.61M | -$4.69M | -$934.8K | -$638.9K | -$821.4K | -$1.20M | -$1.89M | -$3.43M | -$9.10M | -$4.09M | -$3.43M |
| Interest expense | - | - | - | - | - | $17.9K | - | -$229 | -$218 | $66.2K | $9.4K | $1.0K |
| Pre-tax income | -$13.10M | -$3.74M | -$4.05M | -$970.9K | -$674.9K | -$948.1K | -$1.19M | -$1.90M | -$3.43M | -$9.10M | - | -$3.43M |
| Income tax | -$55.5K | -$297.6K | - | - | $0 | - | - | $0 | $4.26M | -$14.86M | - | - |
| Net income | -$12.90M | -$3.63M | -$2.98M | -$1.15M | -$1.08M | -$1.34M | -$12.24M | -$2.58M | -$8.81M | $5.57M | -$4.10M | -$3.43M |
| EPS, basic | -$2.01 | -$0.82 | - | -$0.75 | -$0.23 | -$0.84 | - | -$1.76 | -$11.58 | $9.36 | - | -$27.63 |
| EPS, diluted | -$2.01 | -$0.82 | - | -$0.75 | -$0.23 | -$0.84 | - | -$1.76 | -$11.58 | $1.14 | - | -$27.63 |
| Diluted shares | 6.4M | 4.5M | - | 1.7M | 4.8M | - | - | 1.5M | 764,736 | 4.8M | - | 126,100.333 |
Balance sheet
| Line item | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $1.38M | $385.5K | $899.8K | $2.52M | $4.5K | $59.4K | $163.5K | $366.8K | $662.5K | $3.43M | $3.71M | $3.29M |
| Receivables | $79.6K | $41.3K | $30.0K | $37.5K | - | - | $0 | - | - | - | - | - |
| Current assets | $2.30M | $2.58M | $2.60M | $87.70M | $83.32M | $83.46M | $83.48M | $83.84M | $84.39M | $7.49M | $4.96M | $3.98M |
| Goodwill | $14.05M | $24.12M | $24.12M | $25.80M | $1.68M | $1.68M | $1.68M | $1.68M | $1.68M | $20.04M | $1.68M | $1.68M |
| Total assets | $37.04M | $47.97M | $48.55M | $135.37M | $85.06M | $85.20M | $85.41M | $85.82M | $86.29M | $91.13M | $6.88M | $5.93M |
| Current liabilities | $14.15M | $16.23M | $15.16M | $33.52M | $29.68M | $28.74M | $27.55M | $15.69M | $15.38M | $6.17M | $3.13M | $2.48M |
| Short-term debt | - | - | - | - | - | - | - | - | $177.6K | $386.8K | - | - |
| Long-term debt | - | - | - | - | - | - | - | - | - | $6.40M | - | - |
| Total debt | $1.68M | $2.36M | $2.03M | - | - | $700.0K | - | - | $177.6K | $6.78M | - | - |
| Total liabilities | $18.27M | $20.47M | $19.72M | $45.81M | $29.68M | $28.74M | $27.61M | $15.77M | $15.49M | $13.27M | $3.28M | $2.65M |
| Shareholders' equity | $14.88M | $23.60M | $24.94M | $27.88M | -$6.30M | -$5.22M | -$3.88M | $8.37M | $9.12M | $16.18M | $3.60M | $3.28M |
Cash flow
| Line item | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$1.50M | -$1.79M | -$3.97M | -$855.7K | -$54.9K | -$818.6K | -$171.5K | -$1.85M | -$3.45M | -$3.75M | -$3.44M | -$3.33M |
| Investing cash flow | - | - | -$12.9K | - | - | - | $0 | $0 | $0 | $88.2K | - | - |
| Financing cash flow | $2.69M | $1.45M | $2.16M | $3.02M | $0 | $700.0K | -$31.8K | $1.55M | $681.4K | $3.38M | $4.36M | $5.39M |
| Stock-based compensation | $582.5K | $742.3K | - | - | - | - | $44.7K | $183.6K | $131.9K | $271.4K | $126.1K | $263.3K |
| Depreciation and amortization | - | - | - | - | - | - | $0 | $1.3K | $35.3K | $12.3K | $7.3K | $7.3K |
Key ratios
| Line item | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin | -42.5% | -1606.3% | - | - | - | - | - | - | - | - | - | - |
| Operating margin | -15262.4% | -9460.1% | - | - | - | - | - | - | - | - | - | - |
| Net margin | -15023.1% | -9510.3% | - | - | - | - | - | - | - | - | - | - |
| Current ratio | 0.16 | 0.16 | 0.17 | 2.62 | 2.81 | 2.90 | 3.03 | 5.34 | 5.49 | 1.21 | 1.58 | 1.60 |
| Debt to equity | 0.11 | 0.10 | 0.08 | - | - | - | - | - | 0.02 | 0.42 | - | - |
Source: XBRL data GridAI Technologies Corp. files with the SEC, latest filing dated Sep 18, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.
* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.
Per-share figures and share counts are restated for stock splits the filings show: 1-for-10, first reported Nov 16, 2021; 1-for-7, first reported Nov 13, 2023; 1-for-3, first reported Nov 19, 2025.
EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.
GRDX peers
| Company | Revenue | Growth | Net income | Net margin | Market cap |
|---|---|---|---|---|---|
| GRDX | $36.3K | - | -$6.39M | -17634.4% | $35.1M |
| LLY | $86.46B | +45.5% | $27.58B | 31.9% | $1.27T |
| JNJ | $99.33B | +7.8% | $16.09B | 16.2% | $664.95B |
| ABBV | $66.01B | +10.7% | $10.34B | 15.7% | $514.92B |
| MRK | $67.38B | +4.9% | $2.45B | 3.6% | $361.71B |
| NVS | $54.53B | +8.4% | $13.98B | 25.6% | $310.17B |
| AZN | $58.74B | +8.6% | $10.22B | 17.4% | $289.10B |
| ABT | $48.23B | +10.0% | $4.70B | 9.7% | $190.39B |
| NVO | DKK 309.06B | +6.4% | DKK 102.43B | 33.1% | $178.51B |
GRDX FAQ
7 questionsWhat is GRDX revenue?
GridAI Technologies Corp. (GRDX) reported $36.3K of revenue for fiscal 2025 (ended Dec 31, 2025).Is GRDX profitable?
No. GridAI Technologies Corp. reported a net loss of $6.39M for fiscal 2025 (ended Dec 31, 2025).How much cash and debt does GRDX have?
GridAI Technologies Corp. reported $1.38M in cash and cash equivalents and $1.68M of debt on its most recent balance sheet in SEC filings.What is GRDX gross margin?
GridAI Technologies Corp.'s gross profit was -$657.4K on $36.3K of revenue for fiscal 2025 (ended Dec 31, 2025), a gross margin of -1813.6%.What is GRDX earnings per share?
Diluted earnings per share were -$4.16 for fiscal 2025 (ended Dec 31, 2025), from SEC filings, restated for any stock split those filings show.When did GRDX last report financial results?
The latest statements here come from GridAI Technologies Corp.'s 10-Q/A filed on Sep 18, 2026, covering the period ended Jun 30, 2026.Where does this GRDX financial data come from?
Quantisnow builds these statements from the structured XBRL data GridAI Technologies Corp. files with the SEC. It is provided for information only and is not investment advice.