DevvStream Corp 2024年度报告

FORM10-K ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year endedJuly 31, 2025 TRANSITION REPORT PURSUANT TO SECTIONS 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from__________ to ___________ Commission file number001-40977 DEVVSTREAM CORP.(Exact name of registrant as specified in its charter) 86-2433757(I.R.S. Employer Identification No.) 95816(Zip Code) (Registrant’s telephone number, including area code) SECURITIES REGISTERED PURSUANT TO SECTION 12(b) OF THE ACT: Name of each exchange on which registeredTheNasdaqCapital Market Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes☐No☒ Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Exchange Act. Yes☐No☒ Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports), and (2) has been subject to such filingrequirements for the past 90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 ofRegulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerginggrowth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. ☐Large accelerated filer☒Non-accelerated Filer ☐Accelerated filer☒Smaller reporting company☒Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new orrevised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control overfinancial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its auditreport.☐ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filingreflect the correction of an error to previously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by anyof the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b).☐ Indicate by check mark whether the registrant is a shell company (as defined in Exchange Act Rule 12b-2). Yes☐No☒ The aggregate market value of the voting and non-voting common equity stock held by non-affiliates of the registrant, was approximately $1,364,409computedbased upon a last sales price of $1.79 as reported by the Nasdaq Capital Market as of November 3, 2025. As of November 3, 2025, there were3,841,642shares of the registrant’s Common Shares outstanding. TABLE OF CONTENTS1 ITEM 1.BUSINESS1ITEM 1A.RISK FACTORS15ITEM 1B.UNRESOLVED STAFF COMMENTS41ITEM 1C.CYBERSECURITY41ITEM 2.PROPERTIES41ITEM 3.LEGAL PROCEEDINGS42ITEM 4.MINE SAFETY DISCLOSURES42 ITEM 5.MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED SHAREHOLDER MATTERS AND ISSUER PURCHASESOF EQUITY SECURITIES43ITEM 6.RESERVED44ITEM 7.MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS45ITEM 7A.QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK61ITEM 8.FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA62ITEM 9.CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE62ITEM 9A.CONTROLS AND PROCEDURES62ITEM 9B.OTHER INFORMATION63ITEM 9C.DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS63 ITEM 10.DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE64ITEM 11.EXECUTIVE COMPENSATION64ITEM 12.SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED SHAREHOLDERMATTERS64ITEM 13.CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE64ITEM 14.PRINCIPAL ACCOUNTANT FEES AND SERVICES64 ITEM 15.EXHIBITS AND FINANCIAL STATEMENT SCHEDULES65ITEM 16.FORM 10-K SUMMARY65 SIGNATURES66REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRMF-2REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRMF-3CONSOLIDATED BALANCE SHEETSF-4CONSOLIDATED STATEMENTS OF OPERATIONSF-5CONSOLIDAT