Revolve Reports Stable Recurring Revenue and Significant Progress Across North American Project Portfolio in Q1, F2026
Executive Summary
- Revolve Renewable Power Corp. reported Q1 FY2026 revenue of $448,837 (USD) and a net loss of $476,572, an improvement from the prior year’s $1.10 M loss.
- The company completed an upsized C$3 million financing after quarter‑end, strengthening its balance sheet for late‑stage project development.
- Significant operational milestones were achieved: regulatory approval for the 15.7 MW Bright Meadows Solar Project in Alberta and a new EPC partnership to develop >5 MW of distributed generation in Mexico.
Key Details
- Financial Highlights (USD):
- Total revenue: $448,837 (vs. $448,442 YoY).
- Energy production: 2,796,378 kWh (‑3% YoY).
- Gross profit: $285,183; gross margin 64% (down from 67%).
- Net loss: $476,572 (improved from $1,095,599 YoY).
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Cash & security deposits as of Sep 30 2025: $1,046,961.
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Financing:
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Upsized financing of C$3 million closed post‑quarter, sourced from institutional investors, family offices and insiders.
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Project Development – Mexico:
- Progress on 130 MW El 24 Wind Project and 400 MW Presa Nueva Wind Project; regulators have accelerated permitting.
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New EPC partnership (signed Oct 8 2025) to develop >5 MW of distributed‑generation solar projects for commercial/industrial customers.
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Project Development – Canada:
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Received Alberta Utilities Commission Power Plant Approval (Decision 29985‑D01‑2025) for the 15.7 MW Bright Meadows Solar Project; moving to interconnection and construction planning.
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Project Development – United States:
- Ongoing work on 20 MW/80 MWh Vernal Battery Energy Storage System and 49.5 MW Primus Wind projects, focusing on commercial offtake agreements.
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Anticipated receipt of remaining milestone payments from the sale of the 1.25 GW Bouse & Power Solar & Storage portfolio to ENGIE ($40‑$50k per MW).
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Operating Assets:
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Stable recurring revenue generated by a 13 MW operating portfolio, now fully utilizing the Windriver Power Corp. acquisition (2024) and the Colima Distributed Generation project in Mexico (early 2025).
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Equity Incentive Plan:
- Granted 5,175,000 incentive stock options at $0.40 per share; vesting one year from grant, expiring Nov 25 2028; total pool limited to 10% of outstanding shares.
Notable Quotes
“The first quarter marked strong progress for Revolve as we significantly de‑risked several projects, creating even stronger underlying value for shareholders.” – Myke Clark, CEO