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DEVS

DevvStream Corp. Common Stock

DEVS

DevvStream Corp. Common Stock • NASDAQ
$1.67 ▲ 14.38% (+0.21)
Market Cap $6.42 M
52w High $13.50
52w Low $1.36
Dividend Yield 0%
P/E -0.35
Volume 30.06K
Outstanding Shares 3.84M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q1-2025 $10.164K ▲ $1.664M ▼ $3.523M ▲ 34.658K% ▲ $1.2 ▲ $3.656M ▲
Q4-2024 $0 $6.531M ▲ $-4.558M ▼ 0% $-1.7 ▼ $-4.369M ▼
Q3-2024 $0 $1.373M ▼ $-1.012M ▲ 0% $-1.4 ▼ $-1.373M ▲
Q2-2024 $0 $2.426M ▲ $-3.494M ▼ 0% $-1 ▼ $-3.355M ▼
Q1-2024 $0 $1.17M $-1.267M 0% $-0.4 $-1.254M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q1-2025 $4.002K ▼ $2.437M ▼ $17.568M ▼ $-15.131M ▲
Q4-2024 $16.665K ▲ $2.657M ▼ $22.005M ▲ $-19.348M ▼
Q3-2024 $2.032K ▼ $19.515M ▲ $13.684M ▲ $5.831M ▲
Q2-2024 $21.106K ▼ $142.858K ▼ $8.504M ▲ $-8.361M ▼
Q1-2024 $102.989K $239.157K $5.387M $-5.148M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q1-2025 $3.523M ▲ $-711.821K ▼ $1.662M ▲ $699.53K ▲ $-12.663K ▼ $-711.821K ▼
Q3-2024 $-4.056K ▲ $-151.101K ▼ $0 ▼ $141.887K ▲ $-7.721 ▲ $-151 ▲
Q2-2024 $-3.494M ▼ $-117.963K ▲ $352.03K ▲ $58.745K ▼ $-81.883K ▼ $-117.963K ▲
Q1-2024 $-1.267M ▲ $-363.314K ▲ $0 $444.038K ▲ $92.042K ▲ $-363.314K ▲
Q4-2023 $-1.739M $-375.349K $0 $380.733K $388 $-375.349K

Five-Year Company Overview

Income Statement

Income Statement DevvStream is still very much in the "idea and build-out" phase from a financial standpoint. Reported revenue is essentially nonexistent so far, and results are driven mainly by startup costs and corporate overhead rather than a mature business. Losses appear modest in absolute terms, but earnings per share have swung sharply, which likely reflects changes in share count and capital structure rather than business performance. Overall, the income statement shows a pre-revenue company that has not yet proven its ability to turn its project pipeline into recurring sales or profits.

Balance Sheet

Balance Sheet The balance sheet is thin and still forming. Total assets are very small, and recent figures show equity dipping slightly negative, which suggests accumulated losses and limited capital cushion. On the positive side, there is no meaningful financial debt reported, so the company is not burdened by interest payments or leverage risk at this stage. However, the combination of a small asset base and negative equity implies that future growth will likely depend heavily on raising new capital, and the margin for financial missteps is narrow until the business begins to generate substantial revenue.

Cash Flow

Cash Flow Reported cash flow figures are essentially flat, which is common for very early-stage, pre-revenue firms but also means there is no evidence yet of the business funding itself. With no meaningful operating cash inflows, DevvStream is likely relying on external financing to cover its expenses and to build out its project portfolio and technology. Until carbon credit projects start to generate cash and the company demonstrates consistent monetization, cash flow risk remains high and the business will probably stay dependent on capital markets.

Competitive Edge

Competitive Edge DevvStream is trying to carve out a differentiated niche in the carbon markets by combining a technology-first approach with a streaming-style business model. Its exclusive access to a high-performance blockchain platform, a structured pipeline of technology-based carbon reduction projects, and relationships with a major carbon marketplace and a UN-affiliated partner all strengthen its positioning. The business model of providing upfront capital in exchange for future carbon credits is also distinctive and, if scaled, could lead to recurring revenue. That said, the company operates in a young, rapidly evolving, and increasingly crowded carbon market, where regulatory rules, standards, and trust are still in flux. Its competitive edge will depend on execution: actually bringing projects online, verifying credits, selling them at attractive prices, and maintaining credibility in a market that is under growing scrutiny.

Innovation and R&D

Innovation and R&D Innovation is the clear highlight of the DevvStream story. The company is leaning heavily on blockchain to improve transparency and traceability of carbon credits, which addresses a key pain point in the industry. Its patent-pending programmatic approach to bundling many smaller projects under one framework, as well as its turnkey service for technology providers, aims to make carbon credit generation more efficient and accessible. Additional tools like the D-PIVOT e-commerce integration and an ambition to tokenize carbon credits via a crypto-focused treasury show a willingness to experiment at the frontier of climate tech and digital assets. The flip side is that much of this innovation is still unproven at commercial scale, and some areas—especially tokenization and crypto exposure—come with regulatory, reputational, and market-acceptance uncertainty.

Summary

Overall, DevvStream looks like a high-concept, very early-stage climate technology platform rather than a mature operating business. The financials show no real revenue yet, small but persistent losses, a light balance sheet, and no visible internal cash generation, all of which point to a company that is still in the build-out and validation stage. The attraction lies in its vision: using blockchain, a streaming model, and a diversified pipeline of technology-based carbon projects to become a scalable provider of transparent, high-quality carbon credits. People following the company will likely focus on a few key questions: how quickly projects move from pipeline to verified, sellable credits; whether the market embraces its blockchain and programmatic approaches; how well it navigates evolving carbon regulations and standards; and how it manages its funding needs without overstraining its balance sheet. Until those pieces are clearer, the story is driven far more by potential and innovation than by demonstrated financial performance.

NEWS

November 6, 2025 · 11:01 AM UTC

DevvStream Reports Fiscal Year 2025 Results and Advances Digital-Asset and Tokenization Strategy

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October 8, 2025 · 9:09 PM UTC

DevvStream Reports BTC and SOL Reserves as Crypto-Treasury Program Accelerates

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October 8, 2025 · 11:00 AM UTC

DevvStream Reports BTC and SOL Reserves as Crypto-Treasury Program Accelerates

Read more