Smartbird Q2 FY26 net loss widens to $16.37 million; revenue turns to $2.76 million

• Smartbird posted Q2 net revenue of USD 2.76 million, from leasing AI infrastructure under a sales-type lease.
• Operating loss widened to USD 10.7 million, as selling, general and administrative expense more than doubled to USD 10.7 million.
• Net loss narrowed to USD 16.37 million, helped by a USD 21.55 million gain on disposal of discontinued operations tied to the asset sale.
• Adjusted EBITDA loss widened to USD 8.68 million from USD 4.65 million a year earlier under GAAP.
• Cash and cash equivalents were USD 37.4 million at June 30, 2026; USD 8.25 million of Convertible Notes were issued under a USD 100 million facility.

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