Hypercharge Networks Corp. (HC-X) ended FY 2026 with $10.9 million in annual revenue, its highest to date, supported by record service and subscription revenue for its electric vehicle (EV) charging solutions business.

The Vancouver-based company announced the financial results for its fiscal year and fourth quarter ended March 31 in late July. Called a “defining year” for Hypercharge by president and CEO David Bibby in a release, the company showed “much stronger economics and disciplined execution” in its record annual revenue, and service and subscription revenue of $2.8 million, he said. 

Revenue rose despite tariff-related uncertainty, economic headwinds and slower multifamily residential development activity in some markets, Bibby said.

Hypercharge’s net loss shrunk from $4.3 million in FY 2025 to $2.7 million in FY 2026. 

“I think we’re seeing the platform itself is now scaling and we’re reaching that natural inflection point as well with adoption,” Kyle Moncrief, Hypercharge’s vice-president of corporate development and financial planning and analysis, said in an interview with Sustainable Biz Canada.

Chargers, new markets, carbon credits push revenue growth

The improvement in Hypercharge’s financial position, Moncrief said, was led by a focus on high-margin Level 2 chargers and markets such as commercial real estate, hotels and retrofits.

In FY 2026, Hypercharge sold over 7,800 charging ports in Canada and the U.S., an increase of over 42 per cent compared to FY 2025. Additionally, Hypercharge added over 21,700 new users in the year, raising the number of its mobile app users to more than 46,700, an 86 per cent increase from FY 2025.

Another major revenue driver for Hypercharge in FY 2026 was its carbon credit program, which the company said improves the economics of its charging network. It also enhances the economics of its charging network by enabling proceeds from eligible credits to be reinvested in EV infrastructure and customer programs that support EV adoption.

In one example of its revenue generation potential, Hypercharge received $1.74 million in cash proceeds in June 2026 from the sale of carbon credits for charging activity during the 2025 calendar year.

For Q4, Hypercharge reported revenue of $1.3 million, a decrease of $1.5 million from the same quarter the year prior. The drop, Hypercharge said, was primarily due to targeting Level 2 charging deployments, which have lower ticket prices for installation. The prior year also had large DC fast charger deployments that were higher than typical quarterly volumes, the company added.

Hypercharge looks for more acquisitions

Hypercharge delivered on significant projects in FY 2026, such as commissioning most of the 500 Level 2 charging stations to Oakridge Park in Vancouver and acquiring Eddie from Hydro-Québec’s AXSO to add over 2,700 EV charging ports to its network.

The shift to Hypercharge’s finances from the acquisition of Eddie is expected to materialize in FY 2027 Q1, the company said.

On the technical front, Hypercharge launched Halo in FY 2026, a Level 2 EV charging station designed for multifamily, commercial and workplace applications. A hardware solution Hypercharge developed, “it’s been just great feedback from customers thus far” for Halo, Moncrief said.

Hypercharge is driving into FY 2027 with “significant tailwinds,” Bibby said, citing its financial performance and the growth of its network.

To maintain its focus on profitable growth, Hypercharge’s priorities are increasing recurring revenue, expanding its margins, maintaining discipline in capital allocation, and mergers and acquisitions, Bibby said.

Hypercharge plans to explore opportunities with its energy storage business Hypercorp, Moncrief said, and expects to announce pilots soon. He also mentioned plans for Hypercharge to own and operate more charging ports and move into the direct-to-consumer market with a partner. Further, Hypercharge is on the hunt for more companies like Eddie to acquire.

“We have a good and healthy pipeline, and I think we have a good financial position too as well,” Moncrief said.