Fabric.ai, Inc. filed its Form 10-Q for the quarterly period ended September 30, 2026 with the Securities and Exchange Commission on November 13, 2026, disclosing unaudited condensed consolidated financial results for the three and nine months ended September 30, 2026.

Key Highlights

  • No revenue recorded: The company reported $0 in revenue for both the three and nine months ended September 30, 2026, according to the filing.
  • Q3 net loss of $4,907,503: The company reported a net loss of $4,907,503 for the three months ended September 30, 2026, compared to a net loss of $2,758,238 in the same period of 2025.
  • Nine-month net loss of $19,804,009: For the nine months ended September 30, 2026, the net loss totaled $19,804,009, versus $16,056,245 for the same period in 2025.
  • R&D expenses surged: Research and development expenses reached $9,352,874 in Q3 2026, up from $343,556 in Q3 2025, the filing disclosed.
  • Total assets grew to $39,179,567: Total assets as of September 30, 2026 were $39,179,567, compared to $11,408,652 as of December 31, 2025.
  • Shares outstanding increased: Common shares issued and outstanding rose to 7,456,987 as of September 30, 2026, from 1,455,975 as of December 31, 2025.
  • Anti-dilution liability of $11,672,166: A new anti-dilution liability of $11,672,166 appeared on the September 30, 2026 balance sheet, where none existed at December 31, 2025.

Fabric.ai's Q3 2026 Financial Position and Operating Results

According to the filing, Fabric.ai, Inc. (NASDAQ:FABC) generated no revenue for either the three or nine months ended September 30, 2026, consistent with the same periods of 2025. The company reported a gross loss of $0 in the current-year periods, compared to a gross loss of $717,120 and $956,160 for the three and nine months ended September 30, 2025, respectively, reflecting the absence of cost of goods sold in 2026.

The filing disclosed that total operating expenses for the three months ended September 30, 2026 were $12,509,853, driven primarily by research and development costs of $9,352,874 and general and administrative expenses of $3,156,979. For the nine months ended September 30, 2026, total operating expenses were $17,539,984. A significant item in other income was a change in fair value of the anti-dilution liability of $7,412,199 for Q3 2026, partially offsetting the operating loss. For the nine-month period, the change in fair value of the anti-dilution liability represented an expense of $632,135.

On the balance sheet, the company reported cash and cash equivalents of $2,152,690 and marketable securities of $13,847,648 as of September 30, 2026. Intangible assets of $17,238,716 appeared on the balance sheet as of September 30, 2026, where none existed at December 31, 2025. The accumulated deficit stood at $157,978,673 as of September 30, 2026, up from $138,174,663 at December 31, 2025. Net loss attributable to common stockholders for the nine months ended September 30, 2026 was $23,437,709, or $5.51 per basic and diluted share, the filing stated. As of November 13, 2026, the registrant had 7,591,447 shares of common stock outstanding.

What Was Disclosed

Fabric.ai, Inc. disclosed unaudited financial results for Q3 and the first nine months of 2026, showing no revenue, a net loss of $4,907,503 for the quarter, expanded intangible assets, a new anti-dilution liability, and a significantly larger share count relative to year-end 2025.