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SRX Health Solutions Inc. Announces Fiscal First Quarter 2026 Results for Quarter Ended December 31, 2025

SRXH
  • SRx Health Solutions, Inc. announced fiscal first quarter 2026 financial results for the period ended December 31, 2025.
  • The Company entered a definitive agreement to acquire EMJ Crypto Technologies ("EMJX"), a digital-asset treasury platform, anticipated to close in the first half of 2026.
  • Cash & cash equivalents increased to $13.1 million at quarter-end from $1.3 million in September 2025.
  • The Company deployed $18 million total into Bitcoin & Ethereum as part of its digital treasury strategy, including $8.5 million during the quarter.
  • Net sales for the quarter were $2.8 million, driven by digital sales of Halo® brand products.
  • Gross margin improved to 38% through SKU rationalization & a stronger product mix.
  • The Company reported a net loss of $8.6 million, which included a $3.1 million non-cash loss on debt extinguishment.
  • Adjusted EBITDA loss was $1.06 million, with diluted loss per share of $(0.26).
  • Major cash sources included $16.1 million from common stock issuance & $8.9 million from preferred stock issuance.
  • Convertible debt was settled, reducing non-current convertible debt from $4.452 million to zero while short-term convertible debt reached $21.028 million.
  • CEO Kent Cunningham stated the quarter marked a pivotal reset with improved liquidity & a stronger capital foundation.
  • Board Member Michael Young confirmed the strategic shift toward multi-asset digital treasury management & the EMJX acquisition.