Abaxx Technologies Narrows Q3 Net Loss to C$20.4 Million

Abaxx Technologies Inc. narrowed its Q3 net loss to C$20.4 million from Q2, as revenue fell 71% year over year and it plans to add cash-use guidance with Q4 results.

The Toronto-based financial software and market infrastructure company recorded a C$20,422,729 loss for the quarter ended Sept. 30. That compared with a C$28.8 million loss in Q2 2026 and a C$10,559,502 loss in Q3 2025, showing a sequential improvement but a larger loss than a year earlier.

Abaxx Technologies is the majority shareholder of Abaxx Singapore Pte Ltd., which owns the Abaxx Commodity Exchange and Clearinghouse. The trading-volume and open-interest figures describe activity at those exchange operations, while the loss, revenue and cash figures are for Abaxx Technologies.

Total revenue was C$89,022, down 71% year over year. Transaction and clearing fees totaled C$7,001,810, while liquidity-related credits came to C$6,993,925. The credits offset nearly all the fees, leaving C$7,885 in trading and clearing revenue. Royalty income added C$81,137 and made up most of total revenue.

Exchange volume reached 1,522,286 contracts, up 71% from Q2. Average daily volume rose 61% to 23,420 contracts, while average daily open interest increased 22% to 782 contracts. All three measures reached their highest quarterly levels to date. The volume figure tracks total contracts, while the other two figures are daily averages.

Cash and cash equivalents stood at C$68,061,770 on Sept. 30, compared with C$95,074,348 at the start of Q3 on June 30.

Beginning with its Q4 2026 results, Abaxx plans to provide initial guidance on net cash use and milestones toward cash-flow breakeven. It also plans to add quarterly operating metrics.