DEVS · As filed with the SEC

DevvStream balance sheet, by fiscal year

The statement as DevvStream presents it in its 10-Q and 10-K: its own lines, labels and order. Tables over time lines up standardized figures across every filing.

CONSOLIDATED BALANCE SHEETS · USD

USD	FY2025 Jul 31, 2025	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021
ASSETS
Current assets
Cash	3,446,111	224,394	1,426,006	1,393,939
Restricted Cash	—	75,773	—	—
Trade receivable	7,360	—	—	—
GST receivable	140,646	—	—	—
Corporate taxes receivable	171,573	13,937	—	—
Deferred financing costs	138,720	—	—	—
Prepaid expenses	175,896	4,091	367,169	462,845
Deposit on carbon credits purchase	173,649	—	—	—
Carbon credits	83,672	—	—	—
Total current assets	4,337,627	318,195	1,793,175	1,856,784
Prepaid expenses, non-current	—	—	0	356,689
Cash and Investment held in Trust Account	—	62,418,210	237,038,010	234,603,156
Class A Common Stock	—	0	—	—
Restricted cash	6,405,000	—	—	—
Equipment	0	—	—	—
Deferred financing costs, long-term	172,925	—	—	—
Deposit on carbon credits purchase, long-term	247,754	—	—	—
Investment in associate	707,989	—	—	—
Total assets	11,871,295	62,736,405	238,831,185	236,816,629
LIABILITIES AND SHAREHOLDERS' DEFICIENCY
Current liabilities
Accrued offering costs and expenses	—	—	—	656,314
Taxes payable	—	—	—	170,959
Accounts payable and accrued liabilities	10,682,665	4,408,080	1,001,990	—
Due to Sponsor	—	—	120,000	—
Due to Sponsor	—	240,000	—	—
Franchise taxes payable	—	40,030	63,283	—
Income taxes payable	—	0	645,442	—
Excise tax payable	—	2,235,006	—	—
Class A Common Stock	—	2,235,006	—	—
Redemption payable	—	43,640,022	—	—
Promissory note - related party	—	1,875,000	—	—
Accounts payable and accrued liabilities - related parties	794,990	—	—	—
Mandatory convertible debentures	0	—	—	—
Related Party	375,027	—	—	—
Derivative liabilities	72,500	—	—	—
Warrant liabilities	5,626,473	—	—	—
Stock option liabilities	133,465	—	—	—
Stop loss provision liabilities	1,065,235	—	—	—
Total current liabilities	18,750,355	52,438,138	1,830,715	827,273
Warrant liability	—	454,000	1,135,000	11,804,000
Marketing agreement	—	150,000	150,000	—
Deferred underwriting fee	—	0	8,650,000	8,650,000
Related Party	3,914,146	—	—	—
Nonrelated Party	8,800,339	—	—	—
Total liabilities	31,464,840	53,042,138	11,765,715	21,281,273
Class A common stock subject to possible redemption, 1,717,578 and 23,000,000 shares at redemption value of $10.98 and 10.31 per share as of December 31, 2023 and 2022, respectively	—	18,853,961	—	234,600,000
Class A Common Stock	—	18,853,961	237,020,680	234,600,000
Shareholders' deficiency
Preferred stock, $0.0001 par value; 1,000,000 shares authorized; none issued and outstanding	—	0	0	0
Common shares (No par value, unlimited common shares authorized; 3,541,668 common shares issued and outstanding) (July 31, 2024 - 1,163,871)	0	—	—	—
Class A Common Stock	—	500	0	0
Class B Common Stock	—	75	575	575
Additional paid in capital	14,174,914	0	0	0
Subscription receivable	(20,000)	—	—	—
Accumulated other comprehensive income	45,001	—	—	—
Deficit	(33,793,460)	(9,160,269)	(9,955,785)	(19,065,219)
Total shareholders' deficiency	(19,593,545)	(9,159,694)	(9,955,210)	(19,064,644)
Total liabilities and shareholders' deficiency	11,871,295	62,736,405	238,831,185	236,816,629

As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.