DevvStream reports $11.8 million loss, launches digital asset treasury

DevvStream Corp. (NASDAQ: DEVS) reported a net loss of $11.8 million for its fiscal year ended July 31, 2025, compared to $9.9 million in the previous year. The carbon management company attributed the increased loss to higher public company and professional fees following its Nasdaq listing.

The company held $9.73 million in cash and restricted cash as of July 31, 2025. DevvStream completed an initial $10 million drawdown from a $300 million convertible note facility with Helena during the fiscal year.

DevvStream launched a digital asset treasury that includes Bitcoin and Solana holdings. The company is earning approximately 6.29% annualized yield from staking roughly 12,185 SOL tokens. The digital asset program is held in segregated custody at BitGo and was developed with FRNT Financial.

"Fiscal 2025 was about building the infrastructure for growth: financially, operationally, and technologically," said CEO Sunny Trinh in a statement. "We completed our U.S. listing, secured access to long-term capital, and began executing on a strategy that connects sustainability markets with digital transparency."

The company plans to develop a tokenization platform for environmental assets, including carbon credits and renewable energy certificates. DevvStream intends to acquire an allocation of DevvE tokens as part of its blockchain initiatives.

For fiscal 2026, DevvStream expects revenue growth from carbon credit monetization, I-REC brokerage, and yield income from its Solana staking program. The company views acquisitions as a key driver for future expansion.

DevvStream completed its de-SPAC transaction and Nasdaq listing during the fiscal year, positioning itself as a publicly traded company focused on carbon and renewable energy asset monetization.

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