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GRDXGridAI Technologies Corp.

Is GridAI Technologies struggling financially?

Yes, by its own account. GridAI Technologies told the SEC on 27 May 2026, in Form 10-Q, that there is substantial doubt about its ability to continue as a going concern.

Going concern disclosed May 2026

15/100

Critical

Sector
Industrial/Cyclical
Market cap
$24.7M
Source filing
10-Q 27 May 2026
Balance sheet
31 Mar 2026

Cash runway

  • 0months

    If the burn speeds up

    Empty by Mar 2026

  • 1month

    If it eases off

    Empty by May 2026

Both rows are the same reported burn flexed 15% either way, and neither assumes the company raises a cent.

Out of cashTwo years or more

The runway math

Cash and short-term investments

$386K

÷

Cash burned over the last 12 months

$8.4M

What GridAI Technologies told the SEC

…will be amortized over their estimated useful lives. For tax purposes, intangible assets related to IPR&D are considered indefinite-lived intangible assets. Substantial Doubt about the Company’s Ability to Continue as a Going Concern The accompanying condensed consolidated financial statements have been prepared as if the Company will continue as a going concern. The Company has incurred significant operating…

GridAI Technologies Corp., Form 10-Q, filed 27 May 2026.

Read the filing on SEC.gov

What this means

  • Not a bankruptcy filing, and not a prediction.
  • It is the company’s own statement, agreed with its auditor, that the doubt is material enough to disclose.
  • The runway is arithmetic on two reported numbers, not a forecast. Companies carry this language for years, raise money and keep going.

What else the numbers show

  • Debt pressure is material Debt is large against the cash on hand while the business generates little to service it, which puts lenders ahead of shareholders in the queue.
  • Cash burn is narrowing It is spending 51% less cash per year than it was, so the runway above is lengthening rather than shortening.

Other Industrial/Cyclical companies that filed the doubt