CitroTech Inc. filed its Form 10-Q for the quarterly period ended September 30, 2026 with the SEC on November 10, 2026, reporting a net loss of $2,279,885 for the three months ended September 30, 2026, and $12,393,003 for the nine months ended September 30, 2026.

Key Highlights

  • Quarterly revenue: CitroTech reported revenue of $664,328 for the three months ended September 30, 2026, compared with $288,212 in the same period of 2025, according to the filing.
  • Nine-month net loss: The company disclosed a net loss of $12,393,003 for the nine months ended September 30, 2026, versus a net loss of $30,736,631 in the comparable prior-year period.
  • Accumulated deficit: As of September 30, 2026, the accumulated deficit stood at $125,596,034, up from $113,203,031 at December 31, 2025.
  • Cash decline: Cash decreased to $1,088,701 at September 30, 2026, from $6,268,591 at December 31, 2025.
  • Total assets: Total assets were $8,546,373 at September 30, 2026, compared with $14,183,519 at December 31, 2025.
  • Shares outstanding: As of November 10, 2026, 24,958,180 shares of common stock were issued and outstanding.
  • Loss per share: Basic and diluted net loss per common share was $0.10 for the three months ended September 30, 2026, and $0.59 for the nine months ended September 30, 2026.

CitroTech Reports Narrowing Losses and Falling Cash in Third Quarter 2026

CitroTech Inc. (NYSE American:CITR), formerly General Enterprise Ventures, Inc., filed its quarterly report covering the period ended September 30, 2026. According to the filing, revenue for the three months ended September 30, 2026 was $664,328, more than double the $288,212 reported in the same quarter of 2025. For the nine months ended September 30, 2026, however, revenue was $1,289,909, down from $1,945,232 in the first nine months of 2025.

The filing disclosed that total operating expenses for the three months ended September 30, 2026 were $2,950,886, resulting in a loss from operations of $2,286,558 for the quarter. For the nine-month period, total operating expenses were $11,517,762, producing a loss from operations of $10,227,853. Payroll and management compensation was the largest operating expense line, at $999,271 for the quarter and $5,938,321 for the nine-month period. The company reported no provision for income taxes in either period.

On the balance sheet, the filing shows total liabilities fell to $1,337,909 at September 30, 2026, from $2,920,605 at December 31, 2025, reflecting the elimination of convertible notes and reduced related-party balances. Total stockholders' equity decreased to $7,208,464 from $11,262,914 over the same period, driven by continued net losses partially offset by stock-based compensation and equity issuances. The filing notes that during the nine months ended September 30, 2026, the company issued common stock for conversion of debt, services, and exercise of warrants, and exchanged Series A Preferred Stock for Series C Preferred Stock. The company is classified as a non-accelerated filer and smaller reporting company.

What Was Disclosed

CitroTech Inc. filed its 10-Q for the quarter ended September 30, 2026, disclosing a quarterly net loss of $2,279,885, a nine-month net loss of $12,393,003, cash of $1,088,701, and an accumulated deficit of $125,596,034 as of the period end.