Educational research only—not investment advice or a recommendation. Scores and estimates may use delayed, incomplete, restated, or corrected market and filing data. Independently verify information before making an investment decision.
DevvStream Corp. Common Stock
DEVSNASDAQ
Wall Street ScoreUnder review
$0.15USD+$0.03 (+25.41%)
The research page contains a warning that has not been mapped to a supported model interpretation. The company research remains available, but the complete score is withheld until the warning is reviewed.
Severe listing-compliance risk
The share price is below $1 and the stored reverse-split/listing-risk level is CRITICAL. No verified reverse-split authorization or announced reverse split is currently recorded. This is a risk signal, not confirmation that Nasdaq has issued a deficiency notice.
Primary reporting period: 2025-07-31 · Research updated Oct 13, 2026. A research update is not a new financial filing.
Who they are
DevvStream Corp. focuses on the creation of carbon credits throughout Canada and the United States. The company allocates capital to ventures and enterprises operating within carbon credit markets, simultaneously offering comprehensive project management services. It leverages a blockchain-powered platform to both originate and oversee these carbon credits.
How they make money
DevvStream operates as a carbon management firm that generates revenue through the development, investment, and sale of environmental assets. The company acts as a project manager for activities like EV charging or renewable energy generation, earning a percentage of generated carbon credits or I-RECs, and maintains an offset portfolio for sale to corporations and governments.
Products & services
Carbon management solutions, including nature-based, tech-based, and carbon sequestration credits, project development for renewable energy and EV charging, and environmental asset brokerage.
Brands & revenue mix
No separate brand or brand-level revenue disclosure was confirmed in the reviewed sources. This does not mean the company has no brands.
Product / operating segments
No reconciled product or operating-segment revenue breakdown is available for the current research period. Company-wide revenue remains separate from segment disclosure.
Geographic revenue
No reconciled geographic revenue breakdown was confirmed for the current research period.
No quantified customer-concentration disclosure is available in the current saved research.
Suppliers, materials & equipment
Unnamed technology and project development partners — Various entities providing project-level infrastructure for carbon credit generation.Source
Business relationships & partnerships
Monroe Sequestration Partners — A joint venture in which DevvStream holds a 50% common-interest stake, focused on carbon storage and clean fuel sector projects.Source
Strengths
Publicly traded pure play in carbon and renewable-energy asset monetizationSource
Risks
Operating losses and reliance on capital raisesSource
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
•What is driving DEVS's revenue decline, and does the latest company filing suggest the weakness is temporary or structural?
•How long can DEVS fund negative free cash flow using its current cash position before it may need more debt or new shares?
•Is DEVS's debt load manageable relative to cash generation, interest costs and upcoming maturities?
•What specifically needs to improve for DEVS to reach sustainable profitability?
•What future growth or profitability would be needed to justify DEVS's current valuation?
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
0–100 market signals
Calculating current signals…
Notices for DEVS
Detected from reported data — verify before acting.
Severe debt stress
Negative shareholder equity • Total debt is at least one year of revenue • Interest coverage is below 2x • Free cash flow is negative • Cash covers less than 20% of total debt
M&A headline · Sep 9, 2026
XCF Global and DevvStream Announce Postponement of Special Meetings in Connection with Proposed Business Combination — This is a provider-linked headline, not an independently confirmed event. Check the article and company filings for the subject, proposed/completed status, and subsequent updates.
+Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
+Publicly traded pure play in carbon and renewable-energy asset monetization.
Potential downside factors
−Debt risk (severe): Negative shareholder equity.
−Total debt is at least one year of revenue.
−Interest coverage is below 2x.
−Free cash flow is negative.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
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Scores
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Debt
—
Debt Cost5.0%
Debt Reduction YoY-143.6%
Debt / Equity-0.67x
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Revenue
—
Revenue YoY-5.0%
Revenue CAGR—
Net Margin-69853.5%
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Asset
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Asset Growth YoY221.9%
Liquidation/Share-$0.35
Net Assets/MCap0.04x
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Capital
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Earnings Yield-318.9%
Buyback Yield1119.3%
Debt Cost5.0%
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Management
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ROIC188.8%
ROE139.1%
ROA-295.4%
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Moat
—
EPS Growth—
FCF/Share Growth—
Rev/Share Growth—
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Valuation
—
Intrinsic Value—
Value Reference—
MOS—
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Buffett
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Revenue—
Moat—
Valuation—
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MOS
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MOS %—
Value Reference—
Deep Discount Reference—
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Financial
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Interest Coverage-19.8x
ROIC188.8%
FCF Yield-119.8%
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Master
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Financial—
Valuation—
Debt—
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Resilience
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Survival Years0.5 yrs
Current Ratio0.23x
FCF Margin-24927.9%
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Score Changes
Score changes will appear once more historical records are available.
Price vs. Value
Valuation unavailable
Current Price
$0.15
Model Intrinsic Value
—
Difference
—
Margin of Safety
—
Value Reference: —
Deep Discount Reference: —
Intrinsic value is not currently available for this stock, so valuation can't be calculated.
Monetary values in USD. Share counts in raw units.
Income StatementBalance SheetCash Flow
AnnualQuarterlyTTM + Annual
All rows
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
Line Item
TTM
2025
2024
2023
2023
2022
2022
2021
Revenue
$24K
$26K
$0.00
$0.00
····
····
····
····
Cost of Revenue
$18K
$10K
$0.00
$0.00
····
····
····
····
Gross Profit
$7K
$16K
$0.00
$0.00
····
····
····
····
Research & Development
$0.00
$0.00
$0.00
$0.00
····
····
····
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SG&A Expenses
$9.2M
$12.0M
$12.1M
$8.0M
····
····
····
····
Operating Expenses
$9.3M
$13.1M
$12.1M
$8.0M
····
····
····
····
EBITDA
-$15.4M
-$11.4M
-$13.5M
-$7.9M
····
····
····
····
Operating Income
-$9.3M
-$13.1M
-$12.1M
-$8.0M
····
····
····
····
Interest Expense
$1.7M
$660K
$114K
$0.00
····
····
····
····
Income Before Tax
-$17.1M
-$12.1M
-$13.6M
-$7.9M
····
····
····
····
Income Tax Expense
$0.00
$0.00
$101K
$0.00
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····
····
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Net Income
-$17.1M
-$12.1M
-$13.7M
-$7.9M
····
····
····
····
Basic EPS
$-6.64
$-4.79
$-4.03
$-2.59
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····
····
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Basic Shares
9.72M
2.52M
3.42M
3.04M
····
····
····
····
Diluted Shares
9.72M
2.52M
3.42M
3.04M
····
····
····
····
Upgrade to Premium for up to 10 annual periods, where available.
Estimated earnings date:A future estimated earnings date is not currently available.
Apr 30, 2026Q1FY2026
Revenue
$720
Estimate unavailable.
Revenue Beat/Miss
Not available (no estimate stored)
EPS
-$0.64
Estimate unavailable.
EPS Beat/Miss
Not available (no estimate stored)
Debt Change
+34.7%
Cash Change
+4925.8%
Margin Change
-895396.2 pp
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Improved
Cash position grew
What Weakened
Margins contracted
Debt increased
Potential Score Impact
Positive indicators included cash levels. Pressure indicators included revenue growth, EPS growth, debt levels, net income margin. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
Revenue declined 92.9%. EPS declined 153.3%. Cash increased 4925.8%. Total debt increased 34.7%. Net income margin declined by 895396.2 percentage points.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
Government disclosed trading activity is available on the Smart Money directory. Filings may be delayed and may not represent complete current holdings.
Dividend HistoryShare
Dividend History
Dividend data is not available yet. Missing data does not mean this company pays no dividend.
Predictions & Historical PerformanceShare
Conservative Projected Values
3 Years
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Premium
5 Years
$———.——
Premium
10 Years
$———.——
Premium
Conservative Projection Rate
——%
Premium
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.