SharonAI Q1 FY26 net loss widens to $20.01 million; revenue falls to $294,014

SharonAI Holdings, Inc. Class A

SharonAI Holdings, Inc. Class A

SHAZ

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  • SharonAI Holdings posted a net loss of USD 20.01 million for quarter ended March 31, 2026, widening from a net loss of USD 1.44 million a year earlier.
  • Revenue fell to USD 294,014 from USD 325,092, while operating loss widened to USD 2.82 million from USD 1.16 million.
  • Loss before income taxes expanded to USD 6.49 million from USD 1.5 million, while income tax expense swung to USD 13.52 million from an income tax benefit of USD 62,582.
  • Results included a USD 65.92 million gain on sale of investment in TCDC, partly offset by a USD 70.23 million loss from change in fair value of convertible notes.
  • Cash totaled USD 164.29 million at March 31, 2026; the quarter also included a 60-month service order with total contract value of about USD 1.26 billion, payable monthly in advance with USD 140 million of required letters of credit or bank guarantees.


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