D
DevvStream Corp.
Period
FY 2025
Revenue
$25.8K
Net Income
$-12.07M
Total Assets
$11.87M
Equity
$-19.59M
Shares Out
35.07M
Op. Cash Flow
$-6.43M
Business
DevvStream Corp. is a capex-light environmental asset generation company that develops and manages technology-based sustainability projects. The company provides exposure to carbon credits and International Renewable Energy Certificates (I-RECs) through a carbon-credit streaming model, project investment, and project development & management services. Operating segments include an offset portfolio of environmental assets, project investment and acquisitions, and project development and management for activities like EV charging infrastructure. The company serves corporate and government customers in voluntary carbon and renewable energy markets globally.
Summary from 10-K filed 2025-11-06
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-07-31 | FY 2024 2024-07-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 |
|---|---|---|---|---|---|
| Revenue | 25,794 | 0 | — | — | |
| Cost of sales | −10,187 | 0 | — | — | |
| Gross profit | 15,607 | 0 | — | — | |
| Sales and marketing | 1 | 481,104 | — | — | |
| Depreciation | 953 | 1,771 | — | — | |
| General and administrative | 964,473 | 461,167 | — | — | |
| Professional fees | 8 | 6 | — | — | |
| Salaries and wages | 2 | 2 | — | — | |
| Total operating expenses | −12 | −9 | 5 | 2 | |
| Interest expense | −313,778 | −29,296 | — | — | |
| Accretion expense | −346,424 | −52,554 | — | — | |
| Change in fair value of derivative liabilities | 719,000 | −845,700 | — | — | |
| Change in fair value of warrant liabilities | 2 | 0 | 681,000 | 11 | |
| Change in fair value of mandatory convertible debentures | 70,500 | −27,500 | — | — | |
| Impairment of carbon credits | −1 | 0 | — | — | |
| Stop-loss provision loss | −1 | 0 | — | — | |
| Equity loss on investment in associate | −512,011 | 0 | — | — | |
| Gain on settlement of debt | 899,015 | 0 | — | — | |
| Foreign exchange loss | −31,664 | −107,634 | — | — | |
| Net loss before income taxes | −12 | −10 | 1 | 12 | |
| Current income tax expense | 0 | −72,546 | — | — | |
| Net loss | −12 | −10 | 23,947 | 12 | |
| Foreign currency translation | 1,448 | 127,123 | — | — | |
| Net loss and comprehensive loss | −12 | −10 | — | — | |
| Weighted average number of common shares outstanding - Basic (in shares) | 3 | 1 | 6 | 6 | |
| Weighted average number of common shares outstanding - Diluted (in shares) | 3 | 1 | 6 | 6 | |
| Loss per share - Basic (in dollars per share) | −4.79 | −8.49 | 0 | 0.4 | |
| Loss per share - Diluted (in dollars per share) | −4.79 | −8.49 | 0 | 0.4 |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-07-31 | FY 2024 2024-07-31 | FY 2023 2023-12-31 | FY 2023 2023-07-31 | FY 2022 2022-12-31 |
|---|---|---|---|---|---|---|
| Cash | 3 | 21,106 | 224,394 | — | 1 | |
| Trade receivable | 7,360 | 0 | — | — | — | |
| GST receivable | 140,646 | 85,658 | — | — | — | |
| Corporate taxes receivable | 171,573 | 0 | 13,937 | — | 0 | |
| Deferred financing costs | 138,720 | 0 | — | — | — | |
| Prepaid expenses | 175,896 | 35,141 | 4,091 | — | 367,169 | |
| Deposit on carbon credits purchase | 173,649 | 0 | — | — | — | |
| Carbon credits | 83,672 | 0 | — | — | — | |
| Total current assets | 4 | 141,905 | 318,195 | — | 2 | |
| Restricted cash | 6 | 0 | — | — | — | |
| Equipment | 0 | 953 | — | — | — | |
| Deferred financing costs, long-term | 172,925 | 0 | — | — | — | |
| Deposit on carbon credits purchase, long-term | 247,754 | 0 | — | — | — | |
| Investment in associate | 707,989 | 0 | — | — | — | |
| Total assets | 12 | 142,858 | 63 | — | 239 | |
| Accounts payable and accrued liabilities | 11 | 6 | 4 | — | 1 | |
| Accounts payable and accrued liabilities - related parties | 794,990 | 478,072 | — | — | — | |
| Mandatory convertible debentures | 0 | 127,500 | — | — | — | |
| Derivative liabilities | 72,500 | 919,250 | — | — | — | |
| Warrant liabilities | 6 | 0 | — | — | — | |
| Stock option liabilities | 133,465 | 0 | — | — | — | |
| Stop loss provision liabilities | 1 | 0 | — | — | — | |
| Total current liabilities | 19 | 9 | 52 | — | 2 | |
| Total liabilities | 31 | 9 | 53 | — | 12 | |
| Common shares (No par value, unlimited common shares authorized; 3,541,668 common shares issued and outstanding) (July 31, 2024 - 1,163,871) | 0 | 0 | — | — | — | |
| Additional paid in capital | 14 | 13 | 0 | — | 0 | |
| Subscription receivable | −20,000 | 0 | — | — | — | |
| Accumulated other comprehensive income | 45,001 | 43,553 | — | — | — | |
| Deficit | −34 | −22 | −9 | — | −10 | |
| Total shareholders' deficiency | −20 | −8 | −9 | −54,762 | −10 | |
| Total liabilities and shareholders' deficiency | 12 | 142,858 | 63 | — | 239 |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-07-31 | FY 2024 2024-07-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 |
|---|---|---|---|---|---|
| Share based compensation | 582,966 | 1 | — | — | |
| Change in fair value of warrant liabilities | −2 | 0 | −681,000 | −11 | |
| Change in fair value of stock option liabilities | −196,625 | 0 | — | — | |
| Gain on settlement of accounts payable | −899,015 | 0 | — | — | |
| Non-cash general and administrative | 0 | 50,000 | — | — | |
| Accrued interest | 305,592 | 19,024 | — | — | |
| Accretion expense | 346,424 | 52,554 | — | — | |
| Trade receivable | −7,360 | 0 | — | — | |
| GST receivable | −54,988 | 0 | — | — | |
| Corporate taxes receivables | −171,573 | −39,121 | — | — | |
| Carbon credits | −143,211 | 0 | — | — | |
| Prepaid expenses | −140,755 | 267,294 | 363,078 | 452,365 | |
| Accounts payable and accrued liabilities | 6 | 6 | 3 | 345,676 | |
| Net cash used in operating activities | −6 | −2 | −3 | −967,054 | |
| Cash assumed on RTO | 2 | 0 | — | — | |
| Net cash provided by investing activity | 2 | 0 | 180 | 999,121 | |
| Proceeds from convertible debentures | 9 | 883,516 | — | — | |
| Proceeds from warrant exercise | 86,237 | 176,113 | — | — | |
| Proceeds from issuance of mandatory convertible debentures | 0 | 50,000 | — | — | |
| Proceeds from PIPE financing | 2 | 0 | — | 0 | |
| Proceeds from ELOC drawdown | 3 | 0 | — | — | |
| Net cash provided by financing activities | 15 | 1 | −178 | 0 | |
| Effect of exchange rate changes on cash | 1,448 | −29,547 | — | — | |
| Net increase (decrease) in cash | 10 | −468,865 | — | — | |
| Taxes paid | 0 | 0 | 2 | 0 | |
| Interest paid | 0 | 0 | — | — | |
| Repayment of convertible debentures from ELOC drawdown proceeds | 448,151 | 0 | — | — | |
| Fair value of warrants exercised | 389,729 | 0 | — | — | |
| Fair value of securities issued for the RTO (Note 4) | 3 | 0 | — | — | |
| Fair value of securities issued for settlement of accounts payable | 11 | 0 | — | — | |
| Fair value of securities issued for services | 585,155 | 0 | — | — | |
| Fair value of securities issued for carbon credits | 2 | 0 | — | — | |
| Fair value of securities issued for the acquisition of interest in associate | 1 | 0 | — | — | |
| Fair value of securities issued for ELOC commitment | 363,333 | 0 | — | — |
Filings
Filing historySign up free to browse every 10-K, 10-Q, 8-K, and proxy this filer has submitted to the SEC.Sign up free · Upgrade to Pro
Material Events
Material EventsTrack every 8-K filing and material event — AI-summarized, timelined, and alertable.Sign up free · Upgrade to Pro
Insiders
Insider ActivitySee executive buy/sell windows and insider trade activity over rolling 30/90/365-day windows.Sign up free · Upgrade to Pro
Institutional Holders
Institutional HoldersSee which funds hold this stock and track position changes quarter over quarter.Sign up free · Upgrade to Pro
Frequently asked questions
What is DevvStream Corp.'s CIK number?
DevvStream Corp.'s SEC CIK number is 0001854480 (1854480). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find DevvStream Corp.'s SEC filings?
All of DevvStream Corp.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.