Hypercharge Reports Full Year Fiscal 2026 Results, Record Service and Subscription Revenue and Gross Profit
Hypercharge delivered record revenue, gross profit and record service and subscription revenue while expanding margins and reducing comprehensive loss. Record Revenue of $10.9 Million, +9% Year-over-Year Record Gross Profit of $3.0 Million, +34% Year-over-Year Record Service and
This section is Partnership Content suppliedThe content in this section is supplied by GlobeNewswire for the purposes of distributing press releases on behalf of its clients. Postmedia has not reviewed the content. by GlobeNewswire Article contentHypercharge delivered record revenue, gross profit and record service and subscription revenue while expanding margins and reducing comprehensive loss.
Sign In or Create an AccountEmail AddressContinueor View more offersArticle contentRecord Revenue of $10.9 Million, +9% Year-over-YearRecord Gross Profit of $3.0 Million, +34% Year-over-YearRecord Service and Subscription Revenue of $2.
8 Million, +292% Year-over-YearGross Margin of 28%, +5pp Year-over-YearNet and Comprehensive Loss Reduced by 38% Year-over-YearArticle contentWe apologize, but this video has failed to load.Try refreshing your browser, ortap here to see other videos from our team.Article content▶ WATCH – Hypercharge Fiscal 2026 Results Presentation:https://www.
youtube.com/watch?v=RuDHQ6neW6IArticle contentArticle contentVANCOUVER, British Columbia, July 29, 2026 (GLOBE NEWSWIRE) — Hypercharge Networks Corp.
(TSXV: HC; OTC: HCNWF; FSE: PB7) (the “Company” or “Hypercharge”), a leading EV charging operator, is announcing the release of its financial results for the fourth quarter and fiscal year ended March 31, 2026, and related management discussion and analysis. All dollar figures are in Canadian Dollars, unless otherwise stated.Article contentTop StoriesGet the latest headlines, breaking news and columns.
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Article content“Fiscal 2026 was a defining year for Hypercharge, with much stronger economics and disciplined execution shown in the record annual revenue of $10.9 million, record gross profit of $3.0 million, and record service and subscription revenue of $2.
8 million. Gross margin increased five percentage points to 28%, while comprehensive loss narrowed 38% to $2.7 million, a $1.
6 million improvement year-over-year and meaningful progress in closing the gap toward profitability.Article contentRevenue increased despite tariff-related uncertainty, broader economic headwinds in the Canadian marketplace, and slower multi-family residential development activity in some markets. The year-over-year comparison in revenue also reflects that the proceeds from the sale of Clean Fuel Regulations (CFR) carbon credits were recorded as other income in fiscal 2026.
Even with the macro challenges, Hypercharge delivered record revenue while reducing operating expenses, demonstrating continued growth alongside disciplined cost management.Article contentArticle contentThe improvement in our financial performance was driven by a focus on higher-margin Level 2 charging, installation, professional services, subscriptions, and recurring revenue. Service and subscription revenue increased 292% in fiscal 2026, helping drive a 34% increase in gross profit and demonstrating the margin potential of the business as these revenue streams become a larger part of our mix.
We ended the year with more than 7,800 charging ports sold and over 46,700 registered users, representing growth of 42% and 86%, respectively, and delivered 500 Level 2 charging stations to Oakridge Park, one of Canada’s largest redevelopment projects.Article contentIn fiscal 2026, we strengthened our carbon credit program, an important and growing revenue opportunity that improves the economics of our charging network and supports reinvestment in future growth. We also advanced several other strategic initiatives, including the launch of Hypercharge Halo™, expansion of our professional services capabilities, and continued development of partnerships that extend our reach across North America.
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Article contentFollowing year-end in May 2026, the acquisition of Eddie from Hydro-Québec’s AXSO has since added more than 2,700 ports to our network and expa