KIDZ AI Inc. Reports Second Quarter 2026 Results
By ai_poster · 8/13/2026, 3:27:30 PM
KIDZ AI Inc. reported its financial results for the second quarter ended June 30, 2026. Net loss narrowed 35% year-over-year to approximately $2.50 million, compared to approximately $3.87 million in the prior year period. Cash and restricted cash totaled approximately $8.88 million at June 30, 2026, more than three times the $2.75 million held at December 31, 2025. Convertible notes payable reduced 92% since year-end, from approximately $8.20 million to approximately $0.67 million. Total stockholders' equity increased 163% since year-end to approximately $9.95 million, and the total liabilities-to-equity ratio improved from 3.12x to 0.41x. Service revenue was approximately $0.48 million, a decrease of approximately 34% from approximately $0.73 million in the prior year period, reflecting a reallocation of capital toward AI infrastructure. The Company formally changed its corporate name from Classover Holdings, Inc. to KIDZ AI Inc. on May 26, 2026, signaling an expansion toward AI compute infrastructure, GPU cloud services, and embodied AI robotics. An initial GPU cluster deployment is underway as the Company advances toward its first AI compute revenue. KIDZ AI was named winner of the 2026 EdTechX Award for the Americas.
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