TrustBix (TBIX) AI Stock Analysis

• Market Cap: C$1.98M
• Dividend Yield: N/A
• Average Volume (3M): 29.31K
• Price to Earnings (P/E): 10.9
• Beta (1Y): -0.85
• Revenue Growth: -20.73%
• EPS Growth: 62.11%
• Country: CA
• Employees: N/A
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Application
• EPS (TTM): N/A
• Shares Outstanding: 131,700,120
• 10 Day Avg. Volume: 33,501
• 30 Day Avg. Volume: 29,314
• PEG Ratio: -0.09
• Price to Book (P/B): -1.34
• Price to Sales (P/S): 2.77
• P/FCF Ratio: -19.15
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 40 Underperform
• Price Target: C$0.01 ▼(-30.00% Downside)
• Action: Downgraded Date: 03/02/26
• Date: Action: Downgraded 03/02/26

The score is driven primarily by weak financial performance, including steep TTM revenue contraction, heavy operating losses, negative equity, and continued negative operating/free cash flow. Technical signals also lean bearish with price below key moving averages and a negative MACD, while valuation is constrained by a loss-making profile (negative P/E) and no dividend support.

Positive Factors

Improving gross margin

Gross margin near 40% TTM and a material improvement versus FY2023 indicate improving unit economics. If sustained, higher gross margins provide a structural cushion to absorb fixed operating costs and support a pathway to operating leverage as revenue stabilizes or grows.

Reducing cash burn trend

Reported improvement in free cash flow versus the prior year, even while still negative, shows progress toward cash-flow stabilization. A durable reduction in cash burn lowers near-term financing needs and reduces solvency pressure if the trend continues over the next several quarters.

Structural market opportunity

The company's focus on blockchain-enabled provenance for agri/food addresses a durable structural need—regulatory scrutiny and consumer demand for traceability. Specialization in a vertical with recurring verification workflows can support sticky revenue and network effects over time.

Negative Factors

Declining revenue

A sharp TTM revenue decline (-27% and multi-year contraction) undermines scalability and makes fixed-cost absorption harder. Persisting top-line weakness erodes prospects for sustainable margin improvement and increases the time and capital required to reach operating breakeven.

Deep operating losses

Extremely negative operating and EBITDA margins (~-90%) and net margin (~-84%) signal structural operating inefficiency. Without material revenue recovery or sizable cost restructuring, these losses will continue to drive cash consumption and hinder long-term financial viability.

Weak balance sheet

Negative shareholders' equity (~-$2.45M) and a very small asset base constrain the company's ability to fund operations internally. This elevates solvency risk and increases dependence on external financing, which can be dilutive or costly and limit strategic flexibility.

TrustBix Business Overview & Revenue Model

Company Description

TrustBIX Inc., together with its subsidiary, ViewTrak Technologies Inc. offers information solutions for agri-food industry in Canada, the United States, and internationally. The company engages in the sale, installation, and support of software and computer systems for auction markets and livestock dealers; software for livestock feedlots; Business InfoXchange; and data capture and carcass grading systems for pork plants. It also offers internet-based applications that provide animal tracking and management. TrustBIX Inc. is based in Edmonton, Canada.

How the Company Makes Money

TrustBix generates revenue primarily through subscription-based services and licensing fees for its software solutions. The company offers tiered subscription plans that provide access to its platform for various stakeholders in the supply chain, including producers, processors, and retailers. Additionally, TrustBix collaborates with industry partners to create customized traceability solutions, which can lead to significant project-based income. Key partnerships with agricultural organizations and food safety regulators further bolster its earnings by expanding its market reach and enhancing the credibility of its offerings.

TrustBix Financial Statement Overview

Summary

Weak overall fundamentals: TTM revenue fell sharply (-27.17%) with very large operating and net losses (EBIT/EBITDA margins near -90%, net margin ~-84%). Balance sheet risk is elevated due to negative shareholders’ equity (~-$2.45M) alongside ongoing cash burn (TTM operating and free cash flow about -$0.28M), limiting financial flexibility despite some gross-margin improvement (~40% TTM).

Income Statement

TTM (Trailing-Twelve-Months) revenue declined sharply (-27.17%), extending a multi-year pattern of contraction versus FY2024 and FY2025. Profitability remains weak despite a reasonable gross margin (~40% TTM): operating results are deeply negative (EBIT and EBITDA margins near -90%), and net losses are substantial (net margin ~-84% TTM). A key positive is that gross margin has improved materially versus FY2023, but the business has not demonstrated a clear path to break-even and operating leverage remains unfavorable.

Balance Sheet

The balance sheet is pressured by persistent negative shareholders’ equity (TTM equity about -$2.45M), which is a notable solvency red flag and limits financial flexibility. Debt is moderate in absolute terms (~$0.76M TTM) but becomes more concerning in the context of negative equity and ongoing losses. Total assets are relatively small (~$0.57M TTM), suggesting limited balance-sheet capacity to absorb continued cash burn; while leverage ratios are less interpretable with negative equity, overall balance-sheet strength is weak.

Cash Flow

Cash generation remains negative: operating cash flow and free cash flow are both negative in TTM (about -$0.28M), indicating the company is still consuming cash to run the business. While free cash flow improved versus the prior annual period (positive growth rate shown), the company has not yet reached cash-flow break-even, and ongoing deficits increase reliance on external funding. A modest positive is that free cash flow is roughly in line with net loss (loss quality does not appear materially worse than cash burn), but the absolute cash burn remains a clear risk.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Sep 2022	Sep 2021
Income Statement
Total Revenue	1.33M	1.58M	2.13M	1.68M	2.17M
Gross Profit	507.51K	646.58K	157.33K	1.39M	1.79M
EBITDA	-851.99K	-532.11K	-2.34M	-3.56M	-2.02M
Net Income	-1.06M	-710.76K	-3.07M	-4.07M	-2.24M
Balance Sheet
Total Assets	591.54K	921.59K	605.68K	2.08M	1.24M
Cash, Cash Equivalents and Short-Term Investments	116.19K	72.24K	144.78K	126.88K	450.17K
Total Debt	787.54K	779.89K	713.11K	1.02M	661.71K
Total Liabilities	3.35M	3.21M	2.56M	2.07M	1.45M
Stockholders Equity	-2.76M	-2.29M	-1.95M	13.40K	-211.91K
Cash Flow
Free Cash Flow	-192.79K	-105.53K	-580.24K	-2.58M	-2.16M
Operating Cash Flow	-192.78K	-103.40K	-579.16K	-2.58M	-2.14M
Investing Cash Flow	0.00	-1.12K	-1.08K	177.69K	-14.35K
Financing Cash Flow	236.74K	92.76K	598.14K	2.07M	1.89M

TrustBix Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.02
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:TBIX, the sentiment is Negative. The current price of 0.02 is above the 20-day moving average (MA) of 0.02, below the 50-day MA of 0.02, and below the 200-day MA of 0.03, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 45.26 is Neutral, neither overbought nor oversold. The STOCH value of 100.00 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:TBIX.

TrustBix Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
XTRA	49 Neutral	C$124.30M	-16.83	-108.12%	―	-12.14%	4.41%
MHUB	49 Neutral	C$93.38M	-18.90	-584.49%	―	-35.91%	20.44%
ABXX	45 Neutral	C$61.56M	-27.27	-147.54%	―	-34.80%	-28.42%
BWLK	44 Neutral	C$2.46M	-1.02	―	―	-21.48%	4.59%
VSBY	41 Neutral	C$4.43M	-0.47	―	―	―	―
TBIX	40 Underperform	C$1.98M	10.87	―	―	-20.73%	62.11%

TrustBix Corporate Events

TrustBIX Moves to Acquire Cybersecurity and IT Firms to Bolster Agri-Tech Services

TrustBIX Inc. has signed two non-binding letters of intent to acquire 100% of Zen Cyber Ltd., a cybersecurity consulting firm, and 100% of xFacilitator Inc., operating as WILDCARD MSP, an IT managed service provider for small businesses. The proposed all-share deals, which include consideration units with common shares and warrants, are intended to strengthen TrustBIX’s technology depth and support capabilities for agricultural clients, but remain subject to due diligence, definitive agreements, board and regulatory approvals, and there is no assurance the transactions will be completed.

Following the completion of the proposed transactions, Zen Cyber CEO Jamie Swanson and WILDCARD CEO Alex Kagel are expected to remain as presidents of their respective businesses, reporting to TrustBIX’s chief executive officer. The acquisitions are positioned as a strategic step to broaden TrustBIX’s cybersecurity and IT support offerings for agricultural stakeholders, potentially enhancing its competitive positioning and service scope within the agri-tech sector if the deals close as planned.

The most recent analyst rating on (TSE:TBIX) stock is a Hold with a C$0.01 price target. To see the full list of analyst forecasts on TrustBix stock, see the TSE:TBIX Stock Forecast page.

TrustBIX Moves to Acquire Output Provider Solutions to Bolster Agri-Tech Platform

TrustBIX Inc. has signed a non-binding letter of intent to acquire 100% of Output Provider Solutions Inc., an Edmonton-based technology services firm that designs and supports connected communications, omnichannel customer experience and business productivity software for clients in Canada, the U.S., the U.K. and Australia. The proposed all-share deal, involving up to 5,000,000 units with attached warrants, is intended to strengthen TrustBIX’s technology platform, expand its capacity to deliver integrated, end-to-end solutions for agricultural producers and supply-chain partners, and accelerate growth, though completion remains subject to due diligence, board and regulatory approvals, and the negotiation of a definitive agreement by late February.

The most recent analyst rating on (TSE:TBIX) stock is a Hold with a C$0.02 price target. To see the full list of analyst forecasts on TrustBix stock, see the TSE:TBIX Stock Forecast page.

TrustBIX Narrows Costs but Swings to Deeper Loss as It Exits Legacy Products

TrustBIX Inc. reported a net loss of $1.06 million for the year ended September 30, 2025, a 49.2% increase from the prior year, as it redirected resources toward expanding its Alberta Food Security business. While operating expenses were reduced by 10.8% to $1.93 million, revenue declined 15.6% to $1.33 million, reflecting the company’s decision to discontinue its Market Master and Auction Master Pro lines under the ViewTrak business and support customers through the transition. Management framed these moves as a strategic realignment to focus capital and operational attention on higher-growth, long-term potential segments, a shift that may pressure near-term financial performance but is intended to strengthen TrustBIX’s position in agri-food technology and sustainability-focused markets.

TrustBIX Updates TSXV Review of Auction Master Pro Support Transfer

TrustBIX Inc. has provided an update on the previously announced assignment and transfer of its Auction Master Pro support contracts, held through subsidiary ViewTrak Technologies, to Cristel Baber DBA I.T. Group. The company confirmed that the transaction has been submitted to the TSX Venture Exchange and that it is currently responding to regulatory comments in order to secure conditional acceptance, a step that will determine the timing and execution of the support services transition for affected customers and stakeholders.