SRx Health Solutions signs EMJ Crypto acquisition, invests $18M in crypto
SRx Health Solutions posted Q1 FY26 net sales of $2.8M and 38% gross margin while logging an $8.6M net loss with a $3.1M debt extinguishment charge. It closed the quarter with $13.1M cash, deployed $18M into Bitcoin and Ethereum, and signed a deal to acquire EMJ Crypto Technologies.
1. Financial Performance for Q1 FY26
SRx Health Solutions reported net sales of $2.8 million for the quarter ended December 31, 2025, achieving a 38% gross margin, or $1.1 million gross profit. The company recorded an $8.6 million net loss, which included a $3.1 million non-cash loss on debt extinguishment, and reported an adjusted EBITDA loss of $1.06 million with diluted loss per share of $0.26.
2. Balance Sheet Strength and Crypto Deployment
The company finished the quarter with $13.1 million in cash and equivalents, up from $1.3 million, funded by $16.1 million in common stock and $8.9 million in preferred stock issuance. During and after the quarter, SRx Health deployed $8.5 million initially and $18.0 million in total into Bitcoin and Ethereum as part of its digital treasury strategy, while using $1.6 million to repay convertible debt.
3. EMJ Crypto Technologies Acquisition Details
SRx Health entered a definitive agreement to acquire EMJ Crypto Technologies, a Gen 2 digital-asset treasury platform utilizing quantitative models, AI and systematic risk controls led by Eric M. Jackson. The transaction is expected to close in the first half of calendar 2026 and aims to broaden the company’s multi-asset digital treasury management capabilities.