Jiuzi Holdings reported a net loss of $13,248,423 for the six months ended April 30, 2026, compared to a net loss of $675,742 for the same period in 2025. Net revenue grew 630% to $7,147,697, driven by increased sales of new energy batteries and electrical equipment. Significant non-cash expenses included $7.7 million in stock-based compensation and approximately $3.25 million in losses from digital asset remeasurements. The company faces substantial doubt regarding its ability to continue as a going concern due to an accumulated deficit of $100,341,098 and low cash reserves of $271,072. Additionally, CEO Tao Li resigned on April 27, 2026, and was succeeded by Hongye Zhang. The company operates in the consumer electronics and renewable energy sector, reselling batteries, mobile phones, and power equipment.

Jiuzi Holdings reported a net loss of $13,248,423 for the six months ended April 30, 2026, an 1,861% increase from the $675,742 loss in the prior-year period. While net revenue grew 630% to $7,147,697, driven by new energy battery and electrical equipment sales, operating expenses surged due to $7.7 million in stock-based compensation. The company recorded $3.2 million in combined losses from digital asset remeasurements. Significant liquidity concerns persist, with cash and cash equivalents at $271,072 and an accumulated deficit of $100,341,098, raising substantial doubt about the company's ability to continue as a going concern. Additionally, CEO Tao Li resigned on April 27, 2026, and was succeeded by Hongye Zhang. The company operates in the electronics resale industry, focusing on batteries, power equipment, and mobile accessories.

On June 22, 2026, Jiuzi Holdings Inc. dismissed its independent auditors, Audit Alliance LLP, following a recommendation from the Audit Committee and approval by the Board. The company reported no disagreements with Audit Alliance regarding accounting principles, financial disclosures, or auditing procedures, and no reportable events occurred. On June 26, 2026, the company engaged Li CPA LLC as its new independent auditors for the fiscal year ending October 31, 2026. The company operates in the electronic cigarette industry, specializing in the design and sale of vaping products.