DevvStream Corp 2026年季度报告

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ DEVVSTREAM CORP.Quarterly Report on Form 10-Q PagePART I – FINANCIAL INFORMATION1Item 1.Financial Statements1Condensed Consolidated Interim Balance Sheets as of January 31, 2026 (unaudited) and July 31, 20253Condensed Consolidated Interim Statements of Operations and Comprehensive Loss for the three and six monthsended January 31, 2026 and 2025 (unaudited)4Condensed Consolidated Interim Statements of Changes in Shareholders’ Deficiency for the three and six monthsended January 31, 2026 and 2025 (unaudited)5Condensed Consolidated Interim Statements of Cash Flows for the three and six months ended January 31, 2026 and2025 (unaudited)7Notes to Condensed Consolidated Financial Statements (unaudited)8Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations40Item 3.Quantitative and Qualitative Disclosures about Market Risk54Item 4.Evaluation of Controls and Procedures54PART II – OTHER INFORMATION55Item 1.Legal Proceedings55Item 1A.Risk Factors55Item 2.Unregistered Sales of Equity Securities and Use of Proceeds58Item 3.Defaults Upon Senior Securities58Item 4.Mine Safety Disclosures58Item 5.Other Information58Item 6.Exhibits58SIGNATURES622 PART I – FINANCIAL INFORMATION DevvStream Corp.Condensed Consolidated Interim Financial Statements(Expressed in United States dollars) On August 8, 2025, the Company effected a 1-for-10 reverse stock split of its outstanding common stock. All share and per shareamounts in these consolidated financial statements and related footnotes have been retroactively adjusted to reflect the reverse stock DevvStream Corp.Notes to Condensed Consolidated Interim Financial Statements(Unaudited - Expressed in United States dollars)For the three and six months ended January 31, 2026 and 2025 1.Nature of operations DevvStream Corp. (formerly Focus Impact Acquisition Corp.) (the “Company” or “Devv Corp.”) is a company existing under theBusiness Corporations Act of Alberta, Canada. The head office is located at 2133 – 1177 West Hastings Street, Vancouver, BC V6E2K3 and its records and registered office is located at #1700, 421 – 7th Avenue S.W., Calgary, Alberta, T2P 4K9. The Company was a special purpose acquisition corporation incorporated in Delaware, the United States, on February 23, 2021,formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similarbusiness combination with one or more business (“Initial Business Combination”). On November 6, 2024, the Company completed areverse takeover (“RTO”) with DevvStream Holdings Inc. (“Devv Holdings”) (Note 4) pursuant to a business combination agreement(“BCA”) entered into on September 12, 2023 (and as amended on May 1, 2024, August 10, 2024 and October 29, 2024). Thetransaction is also referred to as the “De-SPAC” transaction. The Company was redomiciled as an Alberta company as part of the De-SPAC transaction. Devv Holdings is an Environmental Social and Governance (“ESG”) principled, high-tech, impact investing The Company is a public company which is listed on the Nasdaq Stock Exchange (“NASDAQ”) under the symbol “DEVS”. 2.Basis of preparation (a) Statement of compliance These unaudited condensed consolidated interim financial statements have been prepared on a going concern basis in accordance withgenerally accepted accounting principles in the United States of America (“U.S. GAAP”) for interim financial information and in Certain information or footnote disclosures normally included in annual financial statements prepared in accordance with U.S. GAAPhave been condensed or omitted, pursuant to the rules and regulations of the SEC for interim financial reporting. Accordingly, they donot include all the information and footnotes necessary for a complete presentation of financial position, results of operations, or cashflows. In the opinion of management, the accompanying condensed consolidated interim financial statements include all adjustments, The accompanying unaudited condensed consolidated interim financial statements should be read in conjunction with the Company’saudited consolidated financial statements for the year ended July 31, 2025. The interim period results do not necessarily indicate the These unaudited condensed consolidated interim financial statements have been prepared on a historical cost basis. In addition, thesecondensed consolidated interim financial statements have been prepared using the accrual basis of accounting, except for the cash flow DevvStream Corp.Notes to Condensed Consolidated Interim Financial Statements(Unaudited - Expressed in United States dollars)For the three and six months ended January 31, 2026 and 2025 2.Basis of preparation (continued)