Smartbird Q2 FY26 net loss widens to $16.37 million; revenue turns to $2.76 million

Reuters2026/08/19 10:04

By:Reuters

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Smartbird posted Q2 net revenue of USD 2.76 million, from leasing AI infrastructure under a sales-type lease.
Operating loss widened to USD 10.7 million, as selling, general and administrative expense more than doubled to USD 10.7 million.
Net loss narrowed to USD 16.37 million, helped by a USD 21.55 million gain on disposal of discontinued operations tied to the asset sale.
Adjusted EBITDA loss widened to USD 8.68 million from USD 4.65 million a year earlier under GAAP.
Cash and cash equivalents were USD 37.4 million at June 30, 2026; USD 8.25 million of Convertible Notes were issued under a USD 100 million facility.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Smartbird Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001437749-26-028446), on August 19, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Smartbird Q2 FY26 net loss widens to $16.37 million; revenue turns to $2.76 million

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