Classover revenue plunges 36% as $3.4M crypto/debt fair-value losses drive $4.2M net loss

Filed May 15, 2026 · Period ending March 31, 2026 · Compared to 10-Q May 19, 2025 · ~1 min read

Key Changes

• high

  Revenue fell 36% YoY to $519k (vs. 8% decline prior year), driven by reduced customer traffic and lower engagement as management shifted focus to public-company compliance and AI initiatives.

  MD&A: Revenue verify on EDGAR →
• high

  Net loss surged from $297k to $4.2M, primarily due to $3.4M in new non-cash fair-value losses on crypto assets ($2.4M), convertible debt ($861k), and warrants ($78k)—instruments absent from prior year.

  MD&A: Fair-Value Losses verify on EDGAR →
• high

  G&A expenses nearly doubled (+91% to $1.1M), reflecting $189k in stock comp, $146k in higher payroll, $104k in IP amortization, and $82k in merger-related fees tied to SPAC transaction.

  MD&A: Operating Expenses verify on EDGAR →