Artificial Intelligence Technology Solutions Inc. income statement AITX

Annual Quarterly

In fiscal 2026, which ended Feb 28, 2026, Artificial Intelligence Technology Solutions Inc. reported revenue of $7.7 million, up 26.3% from the year before. It recorded a net loss of $14.5 million. The operating loss came to $11.9 million, an operating margin of -154.2%. Diluted earnings per share were -$0.07. Across the 9 fiscal years shown, revenue grew from $106,476 in fiscal 2018 to $7.7 million in fiscal 2026, about 70.9% a year.

USD in millions, except per-share amounts and margins. The percent under a figure is the change from the year before.

Line	FY 2026 Feb 28, 2026	FY 2025 Feb 28, 2025	FY 2024 Feb 29, 2024	FY 2023 Feb 28, 2023	FY 2022 Feb 28, 2022	FY 2021 Feb 28, 2021	FY 2020 Feb 29, 2020	FY 2019 Feb 28, 2019	FY 2018 Feb 28, 2018	FY 2017 Feb 28, 2017
Revenue	8 +26.3%	6 +175.2%	2 +67.2%	1 -8.0%	1 +301.0%	0 +38.4%	0 +127.4%	0 +7.7%	0	—
Cost of revenue	2 -7.3%	2 +43.6%	2 +145.1%	1 +43.4%	0 +381.8%	0 +17.2%	0 +1752.3%	0 -90.0%	0	—
Gross profit	6 +47.8%	4 +561.8%	1 -13.5%	1 -32.9%	1 +270.8%	0 +48.4%	0 +60.7%	0 +79.2%	0	—
Research and development	4 +19.2%	3 +0.5%	3 -4.9%	4 +22.4%	3 +682.9%	0 +13.7%	0 -38.5%	1 +9.7%	0	—
Selling, general and administrative	13 -4.6%	14 +36.2%	10 +10.9%	9 -17.6%	11 +296.8%	3 +78.9%	2 -45.0%	3 +16.9%	2 +693.1%	0 -47.3%
Operating income	-12 +14.4%	-14 +0.3%	-14 -10.2%	-13 +5.1%	-13 -346.5%	-3 -68.0%	-2 +47.8%	-3 +2.9%	-4 -1089.0%	-0 +52.3%
Net income	-15 +23.4%	-19 +8.6%	-21 -14.4%	-18 +70.9%	-62 -954.4%	-6 +5.1%	-6 -138.6%	16 +166.4%	-24 -171.6%	34 +2769.3%
Net income to common	-15 +24.5%	-19 +6.5%	-21	—	—	—	—	—	—	—
Basic EPS	-0.07 +56.2%	-0.16	0.00	0.00 +100.0%	-0.02 -100.0%	-0.01 +100.0%	-31.46 -100.5%	5,804.57 +1488451.3%	-0.39 -108.7%	4.47
Diluted EPS	-0.07 +56.2%	-0.16	0.00	0.00 +100.0%	-0.02 -100.0%	-0.01 +100.0%	-31.46 +32.8%	-46.82 -11905.1%	-0.39 -657.1%	0.07
Weighted average shares, basic	203 +74.2%	116 -98.4%	7,081 +39.1%	5,092 +26.4%	4,030 +297.0%	1,015 +513780.9%	0 +7023.7%	0 -100.0%	62 +712.4%	8
Weighted average shares, diluted	203 +74.2%	116 -98.4%	7,081	—	—	—	—	—	62 -87.5%	492
Other measures
Depreciation and amortization	2 +43.4%	1 +73.4%	1 +78.6%	0 +105.3%	0 +92.7%	0 +18.2%	0 -10.8%	0 -11.9%	0	—
EBITDA	-10 +21.2%	-12 +5.1%	-13 -7.6%	-12 +7.1%	-13 -357.2%	-3 -71.0%	-2 +49.1%	-3 +2.6%	-3	—
Interest coverage	-1.99x	-2.56x	—	—	—	—	—	—	—	—
Margins
Gross margin	71.45%	61.08%	25.40%	49.09%	67.32%	72.80%	67.88%	96.06%	57.74%	—
Operating margin	-154.20%	-227.49%	-628.02%	-952.79%	-924.04%	-829.86%	-683.68%	-2,977.56%	-3,302.93%	—
Profit margin	-187.34%	-308.86%	-929.66%	-1,359.61%	-4,298.05%	-1,634.55%	-2,382.83%	14,035.66%	-22,774.15%	—
EBITDA margin	-126.79%	-203.33%	-589.68%	-916.89%	-907.95%	-796.38%	-644.47%	-2,877.61%	-3,180.76%	—

How these figures are calculated

Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except per-share amounts and margins. Weighted average shares are in millions. Interest expense and finance costs are positive costs. A negative amount on a gain (loss) or income (expense) line is a loss or an expense. EBITDA is operating income plus depreciation and amortization. Interest coverage is operating income divided by interest expense. More on our methodology.

New to this? Read How to Read an Income Statement, With a Real Example.

Company profile

Industry: Services-Prepackaged Software (SIC 7372)
Listed as: AITX (OTC)
Fiscal year ends: February 28
Incorporated in: NV
Headquarters: Ferndale, MI
SEC filer status: Non-accelerated filer, Smaller reporting company
SEC CIK: 1498148
Former names: ON THE MOVE SYSTEMS CORP. (until Jul 16, 2018)

Other Services-Prepackaged Software companies

All 290 Services-Prepackaged Software companies

Source: SEC EDGAR filings. This is company-reported data, not investment advice.