Edgemode Q2 Loss Widens, Cash Drops to $16,710, Going Concern Doubt Raised
EDGM has more than doubled off its 52-week low of $0.
Summary
Edgemode's Q2 2026 10-Q shows a $3.3 million quarterly loss, cash of only $16,710, and a going concern warning with no formal plan. The authorized share increase to 56 billion shares became effective August 13, 2026.
Key Events · Earnings and Guidance · EDGM
-
Q2 Net Loss of $3.3M
Net loss attributable to Edgemode was $3,127,172 for Q2 2026, compared to $3,827,281 in Q2 2025. Six-month loss was $8,777,077.
-
Cash Drops to $16,710
Cash on hand fell from $248,367 at December 31, 2025 to $16,710 at June 30, 2026. The company raised $852,135 from share sales and $700,500 from convertible notes during the period.
-
Going Concern Warning
Management states substantial doubt about the company's ability to continue as a going concern and has no formal plan to address the concern. Operations are suspended until adequate funding is received.
-
Authorized Shares Increased to 56B
Effective August 13, 2026, the company filed a certificate of amendment increasing authorized common shares from 7 billion to 56 billion, as previously approved by shareholders.
Analysis · EDGM · Industrial Applications And Services
Edgemode reported a $3.3 million net loss for Q2 2026, bringing the six-month loss to $9.0 million. Cash on hand fell to just $16,710, down from $248,367 at year-end. The company states substantial doubt about its ability to continue as a going concern and has no formal plan to address it. The filing also confirms the authorized share increase to 56 billion shares effective August 13, 2026, which was previously approved by shareholders.
At the time of this filing, EDGM was trading at $0.00 on OTC in the Industrial Applications And Services sector, with a market capitalization of approximately $4M. The 52-week trading range was $0.00 to $0.11. This filing was assessed with negative market sentiment and an importance score of 9 out of 10.