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▼ FY 2026 Summary Analysis
Annual report ending May 31, 2026Overview and Growth
Fiscal 2026 results for PREAXIA HEALTH CARE PAYMENT SYSTEMS INC. combined $0.00 of revenue with net loss of $1.16M and an operating cash outflow of $121.16K. The company reported diluted EPS of -$0.03, adding a shareholder-level measure to the absolute income figures considered below. Diluted shares averaged 41.84M; this is the reported share base over which the company’s diluted per-share earnings were spread. Diluted shares moved 111.7% from 19.77M in fiscal 2025, leaving the current share base higher year over year. Total assets stood at $583.61K, showing the scale of resources supporting revenue, earnings, liquidity, and financing.Profitability
Operations produced a $992.70K operating loss before non-operating and tax effects. The company ended the period with a net loss of $1.16M, extending the operating result through all remaining items. Negative EBITDA totaled $975.97K, confirming that the earnings deficit remained before depreciation and amortization. The pretax result was a loss of $1.16M, establishing the deficit before tax effects. The company recognized $0.00 of income tax for the period, completing the transition from pretax income to net income. The net loss equaled 199.0% of period-end assets, showing the deficit relative to the asset base. Compared with a $82.01K net loss in fiscal 2025, the current loss increased to $1.16M.Liquidity and Capital Structure
The company held $583.61K of assets against $967.18K of liabilities and -$383.57K of equity, revealing how the asset base was financed. Equity was negative at -$383.57K, meaning liabilities exceeded the residual book value available to shareholders and weakening balance-sheet resilience. Current assets were $1.00K against $967.18K of current liabilities, framing the resources and obligations classified within the near-term balance-sheet horizon. The current ratio was 0.0x; current liabilities exceeded current assets, leaving a short-term liquidity deficit. The company held $1.00K in cash and equivalents, a narrower liquidity measure than total current assets. Cash and equivalents represented 0.1% of current liabilities, showing the portion of near-term obligations matched by reported cash alone. The equity-to-assets relationship was -65.7%, placing book capital against the total resource base. Relative to total assets, liabilities measured 165.7%, complementing the separate equity-based view of the company’s capital structure. Cash and equivalents equaled 0.2% of total assets, showing the liquid cash component within the company’s broader resource base.Cash Flow and Earnings Quality
The company reported an operating cash outflow of $121.16K, rather than cash generation from operations. Capital spending of $321.58K added to the period’s operating cash use, reinforcing the overall cash deficit after investment for the year. The company recorded a $442.74K cash deficit after capital spending for the period. The free-cash-flow deficit equaled 75.9% of total assets, placing the cash shortfall against the company’s resource base. Cash absorbed by operations increased from $41.52K in fiscal 2025 to $121.16K.
Based on the annual report for the fiscal year ending May 31, 2026.
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