Artificial Intelligence Technology Solutions Inc. | 8-K: FY2026 Q1 Revenue: USD 1.855 M

Revenue: As of FY2026 Q1, the actual value is USD 1.855 M.

Revenue and Gross Profit

Artificial Intelligence Technology Solutions Inc. reported a 57% increase in revenue and an 80% increase in gross profit for Q1 FY 2026 compared to Q1 FY 2025. For the three months ended May 31, 2025, the company reported revenues of $1,854,837, marking a 57% increase compared to $1,182,800 in the prior year period. Revenue from rental activities increased 66% year over year to $1,627,286, driven by continued deployment of higher-value units. Revenue from goods and services totaled $227,551 for the quarter, an increase of 11% compared to $202,264 in the same period of the prior year. Gross profit reached $1,233,501 for the quarter, an increase of 80% compared to $685,334 in the same period of the prior year.

Debt Settlement Agreement

The company negotiated a favorable settlement to eliminate $4.79 million in debt, with a $4.37 million gain expected to be recorded in Q2 FY 2026, supporting net profitability for Q2 FY 2026.

Outlook

The company is closing in on profitability, indicating a positive outlook for future financial performance. The company anticipates continued expansion across its core markets, including healthcare, education, logistics, and critical infrastructure. Management believes that growing demand for its AI-driven autonomous solutions, combined with the favorable debt settlement completed in Q2, positions AITX to enter calendar year 2026 with strong financial momentum, operational stability, and a clear path to consistent positive cash flow.