DriveItAway Q2 FY26 net loss widens to USD 1.52 million; revenue rises 79% to USD 377,522

DRIVEITAWAY HLDGS INC

DRIVEITAWAY HLDGS INC

DWAY

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  • DriveItAway posted a net loss of USD 1.52 million for the quarter ended March 31, 2026, widening from a year earlier.
  • Revenue rose 79% to USD 377,522, while operating loss narrowed 40% to USD 142,053.
  • Other expense widened to USD 1.38 million from a year earlier, primarily on reduced amortization of debt discount as the maturity dates of notes payable is reached.
  • Cash totaled USD 83,006 at March 31, 2026, while working capital deficiency was USD 9.01 million.
  • Management said it expects a return toward more normal automotive supply and demand levels in 2026, supporting greater vehicle availability on its platform and higher revenue.


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