GridAI Technologies Corp.

Listed Company

GRDXCIK 0001604191NasdaqNon-AcceleratedSmaller ReportingElectric & Other Services CombinedDelawareFY ends Dec 31

Period

FY 2025

Revenue

$36.3K

Net Income

$-6.39M

Total Assets

$48.55M

Equity

$24.94M

Shares Out

6.65M

Op. Cash Flow

$-5.70M

GRDX$3.71+52.16% · past 7 monthsDBEQ Basic

Daily closing prices

Business

GridAI Technologies Corp. operates two principal business areas: energy orchestration and grid optimization software through subsidiary Grid AI Corp., and legacy biopharmaceutical development. Grid AI develops software platforms to optimize energy infrastructure for data centers and large energy users through distributed energy resources and battery storage. The company maintains legacy energy management platforms with minimal revenue and continues development of Adrulipase, a recombinant lipase enzyme for pancreatic insufficiency treatment.

Summary from 10-K filed 2026-05-01

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenue	36,251	—	—	—	—
Cost of Services	693,683	—	—	—	—
Gross loss	−657,432	—	—	—	—
Research and development expenses	925,482	903,941	5	9	17
General and administrative expenses	6	15	11	12	18
Total operating expenses	6	16	16	13	59
Loss from operations	−7	−16	−16	−13	−59
Interest income (expense), net	−490,835	875	−19,932	—	—
Other income (expense), net	934,257	1,378	−4,224	−232,741	−3,252
Total other expenses	443,422	2,253	−24,156	−2	519,039
Loss from continued operations before tax recovery	−7	−16	—	—	—
Income tax benefit	398,736	—	—	—	—
Loss from continued operations	−6	−16	—	—	—
Loss from discontinued operations, net of tax	−312,298	−2	—	—	—
Net loss	−7	−18	—	—	—
Net loss attributed to non controlling interest	−160,924	—	—	—	—
Net loss attributed to common shareholders	−6	−18	−16	−15	−59
Preferred stock dividend	−337,240	−240,965	−308,128	−296,127	−465,361
Net loss applicable to common shareholders - basic	−7	−18	−16	−15	−85
Net loss applicable to common shareholders - diluted	−7	−18	—	—	—
Basic weighted average shares outstanding (in shares)	2	1	336,342	35,912	42,503
Diluted weighted average shares outstanding (in shares)	2	1	336,342	35,912	42,503
Loss per share - basic (in dollars per share)	−4.16	−15.99	−47.88	−416.94	−1,989
Loss per share - diluted (in dollars per share)	−4.16	−15.99	−47.88	−416.94	−1,989
Loss per share from discontinued operations, basic	−0.19	−2.13	—	—	—
Loss per share from discontinued operations, diluted	−0.19	−2.13	—	—	—

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	899,784	163,476	4	1	8
Trade receivable	29,974	—	—	93,014	0
Prepaid expenses	110,934	145,319	1	2	1
Assets of disposal group held-for-sale	—	83	—	—	—
Other receivables	1	—	—	—	—
Other current assets	246,134	—	—	—	—
Total Current Assets	3	83	5	3	9
Restricted cash	—	21,516	21,522	21,513	—
Intangible assets, net	22	—	—	—	0
Goodwill	24	2	2	2	2
Operating lease right-of-use assets	—	126,753	195,440	259,261	336,197
Deposits	—	98,251	11,250	18,149	44,012
Total Other Assets	46	2	2	2	2
Total Assets	49	85	7	5	12
Accounts payable	3	3	554,277	720,040	3
Accrued expenses	1	252,048	825,290	320,176	393,253
Accrued dividend payable	2	1	1	761,488	465,361
Deferred consideration	6	—	—	—	—
Notes payable	2	—	612,784	603,494	641,236
Operating lease liabilities - current	135,609	81,510	67,111	66,151	77,989
Liabilities held-for-sale	—	23	—	—	—
Total Current Liabilities	15	28	3	2	12
Deferred tax liability	5	—	—	—	—
Operating lease liabilities - non-current	—	59,024	146,949	214,060	311,138
Total Liabilities	20	28	3	3	20
Common stock - Par value $0.0001 per share; 100,000,000 shares authorized; 4,224,145 and 1,584,650 shares issued and outstanding at December 31, 2025 and 2024, respectively.	422	159	156	5	7
Additional paid-in capital	229	199	188	171	147
Accumulated deficit	−209	−202	−184	−169	−154
Non-controlling interest	5	—	—	—	—
Cumulative translation adjustment	38,996	—	—	—	−1
Total Stockholders' Equity (Deficit)	25	−4	4	—	—
Total Liabilities, Mezzanine Equity and Stockholders' Equity (Deficit)	49	85	7	5	12

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	574,713	48,946	29,274	—	—
Debt amortization	366,255	5,848	—	—	—
Change in right-of-use assets	17,994	72,919	63,821	76,936	−4,855
Loss on termination of lease	108,759	—	—	—	—
Stock-based compensation	733,950	631,555	1	769,124	1
Common stock issued to consultants	—	2	93,201	200,490	1
Common stock issued to financial advisors at acquisition	—	120,648	—	—	—
Series G convertible preferred stock	—	4	—	—	—
Gain from IMGX rescission	−606,685	—	—	—	—
Trade receivable	7,295	—	—	—	—
Other receivables	−1	—	93,014	−93,014	551,489
Prepaid expenses and other current assets	45,473	1	—	—	—
Lease liabilities	−4,925	−77,137	−66,151	−108,916	−257,104
Deposits	98,251	−87,001	6,899	25,863	−16,092
Accounts payable	464,200	2	−165,763	−2	1
Accrued expenses	−93,127	−160,282	2	−73,077	—
Deferred tax liability	−418,635	—	—	—	—
Other liabilities	757,857	109,401	−7,899	−2,680	327,405
Net cash used in operating activities	−6	−9	−12	−22	−32
Cash acquired in acquisition of Grid AI	323,482	88,169	—	—	—
Payment related to license agreement	—	88,169	−500,000	—	−10
Net cash provided by investing activities	323,482	88,169	−500,000	—	−10
Proceeds from issuance of common stock, pre-funded warrants and warrants, net of offering costs	3	4	6	198,999	7
Proceeds from the issuance of common stock in connection with the exercise of warrants from inducement offerings, net of offering costs	—	2	10	15	14
Proceeds from subscription receivable	447,935	—	—	—	—
Proceeds from promissory notes	2	—	—	—	—
Proceeds from exercise of pre - funded warrants	—	45	657	—	—
Proceeds from warrants exercise	166,448	—	657	48,419	5
Repayment of note payable	—	−644,582	—	—	—
Payments of acquisition consideration	−750,000	—	—	—	—
Proceeds from revolving credit borrowing	700,000	—	—	—	—
Net cash provided by financing activities	6	6	15	16	45
Effect of exchange rate changes on cash	204,751	—	—	−259,713	30,756
(Decrease) increase in cash and cash equivalents	714,792	−4	—	—	—
Cash paid for interest	—	36,165	22,463	15,879	11,235
Fair value of common shares issued in the IMGX acquisition, net of cash	—	152,331	—	—	—
Fair value of Series G preferred stock issued in the IMGX acquisition	—	58	—	—	—
Fair value of options assumed in the IMGX acquisition	—	1	—	—	—
Fair value of warrants assumed in the IMGX acquisition	—	789,000	—	—	—
Warrants granted with promissory	1	—	—	—	—
Promissory notes settled for warrants exercise	−608,220	—	—	—	—
Total assets removed due to IMGX rescission	−83	—	—	—	—
Total liability removed due to IMGX rescission	24	—	—	—	—

Filings

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Frequently asked questions

What is GridAI Technologies Corp.'s CIK number?

GridAI Technologies Corp.'s SEC CIK number is 0001604191 (1604191). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

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