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Get filing alertsRed Flags Detected
- Going Concern (worsened) — Going concern opinion persists for second consecutive year with net loss increasing 43% annually and quarterly loss tripling; loss timeline extended to 2026.
- Material Weakness (improved) — Material weakness scope narrowed from three deficiencies to two; goodwill/intangible impairment control issue remediated, though new segregation-of-duties deficiency added.
Onfolio Q1 revenue plunges 34% to $1.87M; net loss triples amid default penalty and going concern
Filed May 15, 2026 · Period ending March 31, 2026 · Compared to 10-Q May 15, 2025 · ~2 min read
Key Changes
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high
Revenue fell 34% year-over-year to $1.87M in Q1 2026, reversing prior year's 87% growth. Gross margin compressed from 61% to 49% as revenue mix shifted from high-margin digital products to lower-margin B2B services.
MD&A: Revenue and Margins verify on EDGAR → -
high
Net loss tripled to $2.57M in Q1 2026 from $806K in Q1 2025, including a $655K default penalty on convertible notes, $674K loss on digital assets, and $71K loss on derivative liabilities—all new charges absent in prior period.
MD&A: Net Loss Components verify on EDGAR → -
high
Cash burn from operations surged nearly six-fold to $843K in Q1 2026 from $145K in Q1 2025. Going concern opinion persists for second consecutive year; company now expects losses through at least 2026, extending prior timeline by one year.
Risk Factors: Going Concern verify on EDGAR →
2 more material changes behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.
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Generated by AI · Jun 1, 2026 11:46 AM