CHAI

MKT CAP:$20M

Core AI Holdings

Market Cap

$20M

Financial Services·Internet Content & Information·🇨🇦 Canada·NASDAQ

Financials·Internet·🇨🇦·NASDAQ

Stock Price

$1.08-$0.91 (-45.73%)

Apr 20, 2026

Company Details

Core AI Holdings, Inc. develops and publishes AI based mobile games worldwide. The company was formerly known as Siyata Mobile Inc. and change its name to Core AI Holdings, Inc. The company is based in Wilmington, Delaware.

CEO

Aitan Zacharin

IPO Date

Dec 13, 2023

Website

www.coregaming.co

Key Metrics TTM

Revenue

$10M

-19.0% YoY

Net Income

-$22M

EPS (Diluted)

-$937.71

Free Cash Flow

-$17M

Revenue / Share

$3.15

Gross Margin

5.6%

Operating Margin

-178.3%

Net Margin

-225.5%

FCF Margin

-177.8%

P/S

2.1x

P/E

—

Earnings Reports

Q4 2025

May 13, 2026

PENDING

Q3 2025

Nov 14, 2025

$4M-37.1%EPS -$1.74

Q2 2025

Aug 14, 2025

$2M+7.6%EPS -$9.92

Q1 2025

May 15, 2025

$2M+4.7%EPS -$37.60

FY 2024

Apr 21, 2025

$12M+41.3%EPS -$2,474.56

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q4 20	-$756.4K	-$3M	-$8M
Q1 21	$4M	$2M	-$1M
Q2 21	$357.0K	-$466.3K	-$10M
Q3 21	$1M	$429.5K	-$5M
Q4 21	$2M	$165.2K	-$3M
Q4 22	$2M	$170.1K	-$6M
Q2 23	$3M	$351.0K	-$3M
Q3 23	$2M	$490.4K	-$2M
Q4 23	$2M	$420.5K	-$3M
Q1 24	$2M	$458.8K	-$2M
Q2 24	$2M	-$236.3K	-$4M
Q3 24	$6M	$2M	-$4M
Q4 24	$2M	-$620.9K	-$6M
Q1 25	$2M	$530.3K	-$3M
Q2 25	$2M	$297.8K	-$3M
Q3 25	$4M	$337.6K	-$5M

Valuation

Quarter	P/S	P/E
Q4 20	1709.0x	—
Q1 21	947.4x	—
Q2 21	1057.0x	—
Q3 21	523.4x	—
Q4 21	918.2x	—
Q4 22	308.3x	—
Q2 23	178.8x	—
Q3 23	26.1x	—
Q4 23	13.3x	—
Q1 24	2.1x	—
Q2 24	6.6x	—
Q3 24	0.3x	—
Q4 24	0.1x	—
Q1 25	0.1x	—
Q2 25	0.4x	—
Q3 25	2.9x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q4 20	-$8M	-$8M
Q1 21	-$5M	-$6M
Q2 21	-$3M	-$4M
Q3 21	-$2M	-$2M
Q4 21	-$3M	-$3M
Q4 22	-$572.8K	-$2M
Q2 23	-$1M	-$2M
Q3 23	-$3M	-$3M
Q4 23	-$1M	-$2M
Q1 24	-$1M	-$1M
Q2 24	-$6M	-$7M
Q3 24	-$7M	-$8M
Q4 24	-$551.2K	-$1M
Q1 25	-$2M	-$3M
Q2 25	-$6M	-$7M
Q3 25	-$6M	-$6M

Capital Expenditures

Quarter	CapEx
Q4 20	$228.4K
Q1 21	$1M
Q2 21	$1M
Q3 21	$63.1K
Q4 21	$665.7K
Q4 22	$1M
Q2 23	$517.3K
Q3 23	$726.1K
Q4 23	$190.5K
Q1 24	$198.9K
Q2 24	$377.5K
Q3 24	$583.7K
Q4 24	$862.3K
Q1 25	$743.8K
Q2 25	$674.4K
Q3 25	$5.1K

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q4 20	-166.0%	+71.9%
Q1 21	+142.6%	+94.8%
Q2 21	-79.2%	+177.2%
Q3 21	-22.8%	+194.7%
Q4 21	+356.2%	-21.1%
Q4 22	-47.6%	+49.7%
Q2 23	+659.3%	-50.0%
Q3 23	+51.2%	-36.8%
Q4 23	-3.1%	-10.4%
Q1 24	+11.7%	-43.8%
Q2 24	-30.2%	+14.7%
Q3 24	+218.2%	+137.6%
Q4 24	-19.1%	+55.8%
Q1 25	+4.7%	+23.9%
Q2 25	+7.6%	-14.5%
Q3 25	-37.1%	-10.3%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q4 20	$312.9K	—
Q1 21	$592.8K	14.7%
Q2 21	$357.0K	100.0%
Q3 21	$235.4K	19.3%
Q4 21	$153.7K	7.9%
Q4 22	$410.0K	19.4%
Q2 23	$260.7K	9.6%
Q3 23	$202.1K	11.0%
Q4 23	$156.9K	8.4%
Q1 24	$117.1K	5.0%
Q2 24	$83.8K	4.4%
Q3 24	$54.7K	0.9%
Q4 24	$27.7K	1.8%
Q1 25	$0	0.0%
Q2 25	$0	0.0%
Q3 25	$0	0.0%

OpEx Breakdown

Quarter	R&D	G&A	S&M	SG&A
Q4 20	—	$2M	$1M	—
Q1 21	—	$2M	$973.0K	—
Q2 21	$158.6K	$2M	$1M	—
Q3 21	$659.9K	$2M	$579.3K	—
Q4 21	$27.7K	—	$3M	—
Q4 22	$39.9K	$4M	$668.9K	—
Q2 23	$31.5K	$2M	$627.0K	—
Q3 23	$87.7K	$2M	$733.0K	—
Q4 23	$405.3K	$3M	—	—
Q1 24	$35.0K	$2M	$448.0K	—
Q2 24	—	$2M	$2M	—
Q3 24	$294.8K	$2M	$2M	—
Q4 24	$295.3K	$3M	$2M	—
Q1 25	$166.6K	$2M	$729.3K	—
Q2 25	$165.0K	$2M	$725.5K	—
Q3 25	$1M	—	—	$4M

War Chest

Quarter	Cash	Short-term Investments	Total
Q4 21	$2M	$0	$2M
Q1 22	$9M	$0	$9M
Q2 22	$4M	$0	$4M
Q3 22	$988.6K	$0	$988.6K
Q4 22	$2M	$0	$2M
Q1 23	$1M	$0	$1M
Q2 23	$2M	$0	$2M
Q3 23	$366.2K	$0	$366.2K
Q4 23	$898.8K	$0	$898.8K
Q1 24	$585.6K	$0	$585.6K
Q2 24	$3M	$0	$3M
Q3 24	$220.2K	$0	$220.2K
Q4 24	$181.7K	$0	$181.7K
Q1 25	$547.3K	$0	$547.3K
Q2 25	$6M	$0	$6M
Q3 25	$4M	$0	$4M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q4 20	3K	+439.8%	+609.2%
Q1 21	3K	+1.3%	+543.6%
Q2 21	3K	+1.9%	+496.0%
Q3 21	3K	+0.1%	+458.0%
Q4 21	3K	+4.4%	+7.9%
Q4 22	197	-93.7%	-93.3%
Q2 23	384	+94.9%	-87.2%
Q3 23	112K	+29073.7%	+3618.1%
Q4 23	36K	-68.2%	+1033.3%
Q1 24	36K	0.0%	+17998.5%
Q2 24	7K	-80.9%	+1672.9%
Q3 24	10K	+45.0%	-91.2%
Q4 24	10K	+1.7%	-71.8%
Q1 25	101K	+903.2%	+182.6%
Q2 25	384K	+280.8%	+5536.8%
Q3 25	3M	+704.1%	+31147.4%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q4 20	-$30.3K	25
Q1 21	$161.3K	25
Q2 21	$14.3K	25
Q3 21	$48.8K	25
Q4 21	$71.8K	27
Q4 22	$91.8K	23
Q2 23	$117.9K	23
Q3 23	$80.1K	23
Q4 23	$81.6K	23
Q1 24	$102.5K	23
Q2 24	$82.2K	23
Q3 24	$254.9K	23
Q4 24	$7.6K	200
Q1 25	$12.3K	200
Q2 25	$10.2K	200
Q3 25	$18.4K	200

Revenue / Employee