For the quarter ending 2026-01-31, CODA had $1,763,754 increase in cash & cash equivalents over the period. $1,394,659 in free cash flow.
| Cash Flow | 2026-01-31 | 2025-10-31 | 2025-07-31 |
|---|---|---|---|
| Purchase of treasury stock | - | - | 0 |
| Net cash used in financing activities | - | - | 0 |
| Gain on sale of asset | - | - | 0 |
| Net revenues | - | - | 0 |
| Cost of revenues | - | - | 0 |
| Gross profit-Overhead-Segment Reporting | - | - | 0 |
| Net revenues-Overhead-Segment Reporting | - | - | 0 |
| Cost of revenues-Overhead-Segment Reporting | - | - | 0 |
| Net revenues | 6,710,112 | 7,271,157 | 19,291,969 |
| Cost of revenues | 2,343,078 | 2,358,296 | 6,542,462 |
| Gross profit | 4,367,034 | 4,912,861 | 12,749,507 |
| Research & development-Overhead-Segment Reporting | - | - | 0 |
| Research & development | 606,102 | 642,173 | 1,805,589 |
| Selling, general & administrative | 2,750,862 | 2,864,345 | 7,814,233 |
| Total operating expenses | 3,356,964 | 3,506,518 | 9,619,822 |
| Income from operations | 1,010,070 | 1,406,343 | 3,129,685 |
| Other income | 4,433 | - | - |
| Interest income | 172,270 | - | - |
| Total other income | 176,703 | 361,655 | 614,534 |
| Income before income tax expense | 1,186,773 | 1,767,998 | 3,744,219 |
| Deferred tax (expense)-Marine Technology Business Products-Segment Reporting | - | - | 0 |
| Deferred tax (expense)-Acoustic Sensors And Materials Business-Segment Reporting | - | - | 0 |
| Deferred tax (expense)-Marine Engineering Business Engineering-Segment Reporting | - | - | 0 |
| Current tax (expense) benefit | 263,216 | 457,454 | 692,361 |
| Deferred tax benefit | -7,166 | 285,336 | -52,864 |
| Total income tax (expense) | 256,050 | 742,790 | 639,497 |
| Net income | 930,723 | 1,025,208 | 3,104,722 |
| Depreciation of property and equipment | 229,280 | 218,491 | 642,801 |
| Amortization of intangible assets | 136,612 | 135,652 | 394,566 |
| Stock-based compensation | 26,989 | 28,630 | 196,156 |
| Deferred income taxes | -7,166 | 285,335 | -52,863 |
| Commitment and contingent liability | - | - | 158,872 |
| Earn out provision | - | 213,343 | - |
| Allowance for credit loss | - | 130,733 | -41,277 |
| Operating lease expense | - | - | 16,396 |
| Accounts receivable | -76,322 | 17,750 | 224,619 |
| Inventory | 79,162 | 15,304 | -640,394 |
| Unbilled receivables | -1,104,729 | 273,527 | 1,048,277 |
| Prepaid expenses | -82,102 | -44,800 | -66,496 |
| Other current assets | -79,392 | 84,974 | -420,946 |
| Accounts payable and other current liabilities | -480,655 | 895,046 | 62,264 |
| Deferred revenue | -622,259 | 492,888 | -28,712 |
| Net cash provided by operating activities | 1,476,907 | 2,903,303 | 4,307,865 |
| Proceeds from the sale of property and equipment | - | - | 0 |
| Purchases of property and equipment | 82,248 | 365,338 | 805,380 |
| Purchases of other intangible assets | 23,165 | 8,540 | 16,811 |
| Net cash provided by (used in) investing activities | -105,413 | -373,878 | -822,191 |
| Effect of currency translation on changes in cash and cash equivalents | 392,260 | -43,249 | 231,693 |
| Net increase in cash and cash equivalents | 1,763,754 | 2,486,176 | 3,717,367 |
| Cash and cash equivalents at the beginning of the period | 28,682,615 | 22,479,072 | - |
| Cash and cash equivalents at the end of the period | 30,446,369 | 28,682,615 | - |
Coda Octopus Group, Inc. (CODA)
Coda Octopus Group, Inc. (CODA)