EVOH EvoAir Holdings Inc.

Overview and Growth

EvoAir Holdings Inc. generated $319.05K of revenue in fiscal 2026, with net loss of $4.09M and an operating cash outflow of $1.36M. At $319.05K, the top line establishes the operating scale supporting the company’s profit and cash-flow profile. Compared with $284.67K in fiscal 2025, revenue recorded a 12.1% year-over-year increase. On a per-share basis, diluted EPS was -$0.15, which connects the reported earnings outcome with the company’s diluted share count. A diluted share base of 27.18M links the aggregate earnings figure to diluted EPS and helps frame the per-share comparison. The diluted share count was 1.3% higher than fiscal 2025, when diluted shares averaged 26.83M, adding context to the EPS comparison. The company employed $43.26M of total assets, the balance-sheet base supporting its current operating and cash-flow results. Asset turnover was 0.01x, relating the company’s annual revenue directly to the total assets reported at the period end.

Profitability

The first profit layer was $21.53K of gross profit, the amount available after reported direct revenue costs to absorb operating expenses. Gross margin was 6.7%, so that share of each revenue unit remained after the cost of revenue reported for the period. Operations produced a $4.21M operating loss before non-operating and tax effects. The bottom-line result was a net loss of $4.09M after operating, financing, tax, and other recognized items. Negative EBITDA totaled $4.13M, confirming that the earnings deficit remained before depreciation and amortization. The company reported a pretax loss of $4.35M, before the effect of income taxes. The loss-to-equity relationship was 10.8%, placing the bottom-line deficit against shareholder capital. The net loss equaled 9.5% of period-end assets, showing the deficit relative to the asset base. Compared with a $14.63M net loss in fiscal 2025, the current loss improved to $4.09M.

Liquidity and Capital Structure

At period end, the $43.26M asset base was financed through $5.29M of liabilities and $37.98M of equity. Current assets were $747.14K against $5.29M of current liabilities, framing the resources and obligations classified within the near-term balance-sheet horizon. Current assets covered only 0.14x of current liabilities, so current liabilities exceeded current assets at period end. Reported cash and equivalents were $277.55K, separating immediately recognizable cash resources from the rest of the current-asset base. The cash balance equaled 5.2% of current liabilities, showing how much near-term coverage came from cash alone. Equity equaled 87.8% of assets, showing the shareholder-capital layer within the company’s balance sheet. The liabilities-to-assets relationship was 12.2%, placing reported obligations against the full positive asset balance. Cash and equivalents equaled 0.6% of total assets, showing the liquid cash component within the company’s broader resource base. The asset base changed 5.3% from $45.69M in fiscal 2025, leaving current total assets lower year over year. Reported equity changed 10.5% from $42.44M in fiscal 2025, placing the current capital base lower year over year. Cash and equivalents were 197.4% higher than fiscal 2025 cash of $93.33K, showing the year-over-year change in liquid resources.

Cash Flow and Earnings Quality

Operating activities used $1.36M of cash, resulting in an operating cash outflow for the year. Capital spending of $1.25K added to the period’s operating cash use, reinforcing the overall cash deficit after investment for the year. The company recorded a $1.36M cash deficit after capital spending for the period. The free-cash-flow deficit equaled 426.6% of revenue, showing the post-investment cash shortfall relative to sales. Relative to total assets, the post-investment cash deficit measured 3.1%. Compared with a $1.11M operating cash outflow in fiscal 2025, the current outflow increased to $1.36M.

Based on the annual report for the fiscal year ending Aug 31, 2026. Analysis generated Nov 4, 2026.