PUDO Inc. reports FY 2026 third quarter end results

Executive Summary

• PUDO Inc. reported Q3 FY 2026 interim results, showing revenue of $4.23 M (up 57.5% YoY) and gross profit of $1.39 M (up 61.3% YoY).
• Comprehensive loss narrowed to $(216,411), a 22.5% improvement versus the same period last year.
• Returns now represent 63.4% of revenue (up from 54.4% YoY) as the company expands its PUDOpoint network and U.S. partnerships.

Key Details

• Revenue: $4,230,076 for Q3 FY 2026 vs. $2,685,627 in Q3 FY 2025 (+57.5%).
• Gross Profit: $1,385,636 vs. $858,841 last year (+61.3%).
• Comprehensive Loss: $(216,411) versus $(279,386) a 22.5% reduction in loss.
• Revenue Mix: Returns accounted for 63.4% of Q3 FY 2026 revenue (up from 54.4% YoY).
• Network Expansion: Continued growth of PUDOpoint locations; over 1,850 storefront partners cited in company background.
• U.S. Market Effort: Ongoing work with SaaS and third‑party logistics providers to expand U.S. network for returns, Direct‑to‑PUDO delivery, and consolidated pickups.
• Management Comment: CEO Elliott Etheredge highlighted volume growth, new employee hires, and increased brand recognition as drivers of the results.

Notable Quotes

“We are clearly pleased with the continued growth that we have experienced this year. The increase in volume and revenue has enabled us to continue to build the company by expanding the number of PUDOpoint locations, adding new employees to focus on revenue growth and operational efficiency, and increase our brand recognition in the market.” – Elliott Etheredge, CEO

Full interim financial statements and MD&A are available on the CSE website and SEDAR.