Xeriant swings to $392,278 net income in year ended June 30, 2026; operating loss narrows 23% to $1.06 million
XERI•Xeriant reported net income of $392,278 for the year ended June 30, 2026, versus a $1.65 million loss a year earlier, as its operating loss narrowed 23% to $1.06 million. A $2.81 million gain on debt extinguishment helped lift other income to $1.47 million; management flagged substantial doubt about going-concern status.
1. Annual results
Xeriant reported net income of $392,278 for the year ended June 30, 2026, compared with a net loss of $1.65 million. Its operating loss narrowed 23% to $1.06 million, and total operating expenses also fell 23% to $1.06 million.
2. Cash and obligations
Total other income was $1.47 million, including a $2.81 million gain on extinguishment of debt. Cash was $87,594 at June 30, while negative working capital improved 44% to $4.9 million. Convertible-note issuance provided $837,500, and management flagged substantial doubt about going-concern status and ongoing Auctus settlement obligations.
