GridAI Q2 FY26 net loss widens to $13.04 million; revenue turns to $85,876
GRDX•Quarterly results
- GridAI posted a GAAP net loss of $13.04 million for the quarter ended June 30, 2026, widening from $998,271 a year earlier.
- Revenue was $85,876, swinging from no revenue, while cost of service totaled $122,390, leaving a gross loss of $36,514.
- Operating loss widened to $13.11 million from $638,864, driven by a non-cash goodwill impairment charge of $10.07 million.
- General and administrative expense climbed to $2.99 million from $628,233; research and development expense edged down to $8,424 from $10,631.
Goodwill impairment
- Goodwill was impaired after Grid AI operating performance and near-term projections fell below acquisition-date forecasts due to commercialization and contract delays.
