AirIQ Reports 23% Growth in Recurring Revenue for 2026

AirIQ Inc., a leader in IoT asset management solutions, revealed its financial performance for the year ending March 31, 2026, showcasing a 23% increase in recurring revenue. This significant rise brought recurring revenue to CAD 5.9 million, accounting for 91% of total revenue. Overall, total revenue saw a 17% increase, reaching CAD 6.5 million, while the gross profit rose by 14% to CAD 3.9 million.

The year also saw a 46% increase in operating profit, reaching CAD 974,000. After adjusting for a one-time provision related to U.S. state sales taxes, net income showed a strong performance over the previous year. The company also executed a normal course issuer bid, purchasing 561,500 common shares for a total of CAD 200, with most shares canceled by year-end.