Karbon-X Corp. income statement KARX

Annual Quarterly

In fiscal 2026, which ended May 31, 2026, Karbon-X Corp. reported revenue of $55.9 million, up 1665.6% from the year before. It recorded a net loss of $13.6 million. The operating loss came to $11.1 million, an operating margin of -19.8%. Diluted earnings per share were -$0.16. Over the twelve months ended Aug 31, 2026, revenue was $20.5 million and the net loss was $14.9 million. Across the 4 fiscal years shown, revenue grew from $9,833 in fiscal 2023 to $55.9 million in fiscal 2026, about 1684.3% 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 2027 Aug 31, 2026	FY 2026 May 31, 2026	FY 2025 May 31, 2025	FY 2024 May 31, 2024	FY 2023 May 31, 2023	FY 2022 May 31, 2022	FY 2021 May 31, 2021	FY 2020 May 31, 2020	FY 2019 May 31, 2019
Revenue	21 -46.9%	56 +1665.6%	3 +667.8%	0 +4090.6%	0	0	0	0	—
Cost of revenue	20 -47.2%	55 +2228.3%	2 +563.4%	0 +34641.8%	0	0	—	—	—
Gross profit	1 -36.3%	1 +7.3%	1 +1332.4%	0 +535.3%	0	0	—	—	—
Selling, general and administrative	3 +8.5%	3 +48.5%	2 +1058.7%	0 -85.9%	1	—	0 +33.0%	0 +79.5%	0
Operating income	-11 -37.9%	-11 -66.5%	-7 -339.9%	-2 +23.7%	-2 -729.8%	-0	—	—	—
Pretax income	-15 -69.0%	-14 -92.7%	-7 -157.0%	-3 -38.1%	-2	—	—	—	—
Income tax	0	0	—	—	—	—	0	0	—
Net income	-15 -69.0%	-14 -92.7%	-7 -157.0%	-3 -38.1%	-2 -746.8%	-0 -664.9%	-0 +15.8%	-0 -138.4%	-0
Basic EPS	—	-0.16	—	—	—	—	—	—	—
Diluted EPS	-0.17	-0.16 -100.0%	-0.08	—	—	—	—	—	—
Weighted average shares, basic	—	87	—	—	—	—	—	—	—
Weighted average shares, diluted	90	87 +3.8%	84	—	—	65	—	—	—
Other measures
Depreciation and amortization	0	0 +6033.5%	0 +47.0%	0 +80.0%	0	—	—	—	—
EBITDA	-11	-11 -63.6%	-7 -340.4%	-2 +23.8%	-2	—	—	—	—
Interest coverage	—	-3.33x	-19.60x	-36.32x	—	—	—	—	—
Margins
Gross margin	3.29%	1.54%	25.33%	13.58%	89.58%	—	—	—	—
Operating margin	-55.16%	-19.81%	-210.12%	-366.72%	-20,146.67%	—	—	—	—
Pretax margin	-72.76%	-24.33%	-222.95%	-666.07%	-20,216.38%	—	—	—	—
Profit margin	-72.76%	-24.33%	-222.95%	-666.07%	-20,216.38%	—	—	—	—
EBITDA margin	-54.15%	-19.46%	-210.02%	-366.19%	-20,134.27%	—	—	—	—

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. The first column is the trailing twelve months through the latest quarter. More on our methodology.

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Company profile

Industry: Perfumes, Cosmetics & Other Toilet Preparations (SIC 2844)
Listed as: KARX (OTC)
Fiscal year ends: May 31
Incorporated in: NV
Headquarters: Bellaire, TX
SEC filer status: Non-accelerated filer, Smaller reporting company, Emerging growth company
SEC CIK: 1729637
Former names: COCOLUV INC. (until Jan 12, 2022)

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