DevvStream Corp
devvstream.comWhat Do They Do?
Develops and sells carbon credits and renewable energy certificates to corporations and governments, and manages emissions-reduction projects for companies and municipalities.
10-K for FY2025, filed Nov 6, 2025DevvStream Corp. (“DevvStream,” the “Company,” “we,” “our,” or “us”) is a capex-light environmental asset generation company focused on…View ↗
1. Offset Portfolio: We maintain a diversified portfolio of environmental assets, including I-RECs, nature-based, technology-based, and…View ↗
We plan to act as a carbon project manager controlling all major aspects of carbon credit generation within a project, again providing a…View ↗
How Do They Make Money?
Customers pay for carbon credits when the credits pass to them. In carbon-credit stream deals, DevvStream receives an upfront payment for rights to future credits and may receive another payment when credits are delivered or sold.
10-K for FY2025, filed Nov 6, 2025
$25.8K
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10-K for FY2025, filed Nov 6, 2025
$25.8K ↗
Who Are Their Customers?
Corporations and governments buy credits to offset emissions; DevvStream sells directly to third-party buyers or through carbon-credit marketplaces. It also works with companies, municipalities and other organizations on projects that generate credits.
10-K for FY2025, filed Nov 6, 20251. Offset Portfolio: We maintain a diversified portfolio of environmental assets, including I-RECs, nature-based, technology-based, and…View ↗
Our choice of investments will meet the highest environmental integrity criteria such as ISO141064-2, the CCPs, Sustainable Development…View ↗
We plan to act as a carbon project manager controlling all major aspects of carbon credit generation within a project, again providing a…View ↗
Do Revenues Turn Into Profits?
No. It lost $12.1M in FY2025.
10-K for FY2025, filed Nov 6, 2025
How Are They Changing?
- Net income
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Sources
10-Q for Q3 FY2026, filed Jun 15, 2026
−$6.2MView ↗
- ▼ Now a loss
- vs $3.5M in Q3 FY2025
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Sep 14, 2026
DevvStream amends proposed merger terms
The changes revise the parties’ post-merger ownership allocations and remove several closing conditions.
Sources
8-K, filed Sep 14, 2026
The Amendment amends the definitions of “Southern Consideration Shares” and “DevvStream Consideration Shares” to adjust the pro forma…View ↗
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Jun 23, 2026
Nasdaq panel determines DevvStream shares will be suspended
The company said suspension would begin June 24, absent an immediate stay, after Nasdaq cited listing-rule failures.
Sources
8-K, filed Jun 23, 2026
On June 22, 2026, DevvStream Corp. (the “Company”) received a letter from The Nasdaq Stock Market LLC (“Nasdaq”) indicating that the Nasdaq…View ↗
From blank-check company to carbon assets
The older report described a blank-check company searching for a social-forward acquisition; the latest describes a company that develops, invests in and sells environmental assets, including carbon credits and renewable energy certificates.
10-K for FY2022, filed Apr 6, 2023 10-K for FY2025, filed Nov 6, 2025
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