Panamera Holdings Reports No Revenue and Significant Losses in Latest 10-Q Filing

Panamera Holdings Corporation reported significant financial challenges in its latest 10-Q filing for the quarter ending April 30, 2026. The company recorded no revenues for the three months ended April 30, 2026, a stark decline from $109,601 in the same period last year. For the nine months ending April 30, 2026, total revenues were $139,500, down from $192,400 in the prior year. The company’s net loss for the quarter was $116,515, slightly higher than the loss of $115,810 reported in the previous year. Cumulatively, the net loss for the nine months reached $153,906,690, a substantial increase from $306,886 in the same period last year, primarily due to a one-time research and development expense of $153,400,000 related to a licensed technology acquisition.

The financial position of Panamera Holdings has deteriorated significantly, with total assets dropping to $95,349 as of April 30, 2026, from $803,519 at the end of the previous fiscal year. Current liabilities surged to $4,342,438, compared to $155,355 in the prior period, leading to a working capital deficiency of $4,280,073. The company’s cash reserves dwindled to $46, down from $85,980, indicating severe liquidity issues. The increase in liabilities was largely attributed to a note payable to a related party amounting to $3,904,855.

Strategically, Panamera Holdings has made notable changes, including the establishment of three wholly-owned subsidiaries focused on metals recycling, technology, and waste management. The company entered a significant licensing agreement with Rain Cage Carbon, Inc. on August 1, 2025, granting it exclusive rights to innovative carbon conversion technologies. This agreement involved a one-time payment of $4,900,000 and the issuance of 27 million shares of restricted common stock valued at $148,500,000, which has been fully expensed as research and development costs.

Operationally, the company has faced challenges in generating revenue, with no sales reported for the latest quarter. The absence of customer engagement metrics and product adoption rates raises concerns about the effectiveness of its business strategy. The company’s management has indicated that it is seeking additional financing to support its operations and business development plans, which may include mergers or acquisitions in the environmental services sector. However, the ability to secure such financing remains uncertain, raising substantial doubt about the company's ability to continue as a going concern.

Looking ahead, Panamera Holdings aims to explore new business opportunities and enhance its operational capabilities. The management plans to raise additional funds through public or private placements to address its financial challenges. However, the company acknowledges that without successful financing and strategic execution, its future remains precarious. The ongoing litigation involving a claim for shares by a former associate further complicates the company’s outlook, with a trial set for February 2027.