Private company

Damon Inc.

Damon Inc. is a Canadian motorcycles company, incorporated in British Columbia.1 It is headquartered in Vancouver, Canada.1

Last updated Oct 20, 2026.

Overview

$222.7KRevenue, fiscal 20252
-$5.4MNet income, fiscal 20252
  • IndustryMotorcycles, Bicycles & Parts1
  • HeadquartersVancouver, Canada1
  • Incorporated inBritish Columbia, Canada3
  • Business address704 Alexander Street, Vancouver, A1 V6A 1E33
  • Filer category, Emerging growth company3

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55% in 2022, reaching a sales share of 8%. The rest of the world accounts for about 2%.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

51.8%Gross margin2
-14131.0%Operating margin2
-2402.2%Net margin2

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue3¢$107.4K
  • Research and development97¢$3.0M
  • Income tax0¢$795

Out of $222.7K in revenue.2 The company lost money this year.

Financial statements

Operating income2-$31.5M in 2025+174% since 2024
-$40.0M-$30.0M-$20.0M-$10.0M02024: -$11.5M-$11.5M20242025: -$31.5M-$31.5M2025+174%
Net income52-$5.4M in 2025
-$10.0M0$10.0M$20.0M$30.0M$40.0M2024: $30.2M$30.2M20242025: -$5.4M-$5.4M2025
Fiscal year202320242025
Revenue$222.7K2
Cost of revenue$107.4K2
Gross profit$115.3K2
Research and development$4.6M2$3.0M2
Operating expenses$11.5M2$31.6M2
Operating income-$11.5M2-$31.5M2
Income before tax-$34.0M2-$5.3M2
Income tax$7952
Net income$30.2M5-$5.4M2
Earnings per share-$1,656.002-$1.152
Earnings per share (diluted)-$1,656.002-$1.152
Shares (weighted, basic)20.5K shares24.6M shares2
Shares (weighted, diluted)20.5K shares24.6M shares2

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Corporate structure

Damon Inc. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Damon Inc.

  • Ayrton Capital LLC Filed SCHEDULE 13G/A on Damon Inc., latest Aug 13, 2025 (2 filings since May 14, 2025)
  • L1 Capital Global Opportunities Master Fund, Ltd. Filed SCHEDULE 13G/A on Damon Inc., latest May 15, 2025 (2 filings since Mar 28, 2025)
  • S.H.N. Financial Investments Ltd. Filed SCHEDULE 13G/A on Damon Inc., latest May 15, 2025 (2 filings since Mar 25, 2025)
  • FirstFire Global Opportunities Fund LLC Filed SCHEDULE 13G on Damon Inc., latest Mar 25, 2025
  • Bucktown Capital LLC Filed SCHEDULE 13G on Damon Inc., latest Mar 21, 2025
  • Streeterville Capital LLC Filed SCHEDULE 13G on Damon Inc., latest Feb 25, 2025
  • Damon Jay Giraud Filed SC 13D/A on Damon Inc., latest Dec 6, 2024 (2 filings since Nov 20, 2024)
  • Damon Inc. Vancouver, Canada

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Damon Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$894.4K2 Jun 30, 2025$1.4M2 Jun 30, 2024−35.7%
Accumulated depreciation$812.5K2 Jun 30, 2025$941.3K2 Jun 30, 2024−13.7%
Property and equipment, net$81.9K2 Jun 30, 2025$449.3K2 Jun 30, 2024−81.8%
Operating-lease assets (leased space)$475.7K2 Jun 30, 2025$689.2K2 Jun 30, 2024−31.0%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$2.5M2 Jun 30, 2025$395.6K2 Jun 30, 2024+526.7%

Properties, in its own words

Damon Motors’ principal executive offices are currently located at 4601 Canada Way, Suite #402, Burnaby, British Columbia, Canada, under a 3-year lease from May 2025.

Item 2 of the 10-K filed Sep 30, 2025.4

Leadership

Who has led Damon Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Nadir Ali2024
  2. Damon Jay Giraud2024
  3. Dominique Kwong2024

Chief financial officer

  1. Baljinder Bhullar2024
2025
Board members and other officers (8)

Former names

  • Grafiti Holding Inc.Nov 13, 2023 to Nov 15, 20243

Timeline

  1. Jan 5, 20268-K Entered a material agreement; New debt or obligation16
  2. Nov 28, 20258-K Entered a material agreement; Completed an acquisition or sale; Executive or director change17
  3. Jul 17, 20258-K Executive or director change18
  4. Jul 10, 20258-K Other events19
  5. Jun 18, 20258-K Change of auditor20
  6. Jun 13, 20258-K Other events21
  7. May 16, 20258-K Listing notice or transfer; Regulation FD disclosure; Other events22
  8. Apr 30, 20258-K Listing notice or transfer; Other events23
  9. Apr 9, 20258-K Listing notice or transfer; Other events24
  10. Apr 7, 20258-K Entered a material agreement25
  11. Apr 2, 20258-K Ended a material agreement26
  12. Mar 25, 20258-K Entered a material agreement; Ended a material agreement; Listing notice or transfer27
  13. Dec 16, 2024New chief executive Dominique Kwong becomes CEO10
  14. Nov 15, 2024New chief executive Damon Jay Giraud becomes CEO9
  15. Nov 12, 2024New chief executive Nadir Ali becomes CEO8

Filings

166 filings to the SEC since October 2021: 1 annual reports, 5 quarterly reports, 23 major events, 18 insider forms, 11 large holders, 108 other. The latest 20:

  1. Feb 23, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  2. Feb 10, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  3. Jan 6, 2026253G2 OFFERING CIRCULAR EDGAR
  4. Jan 5, 20268-K CURRENT REPORT EDGAR
  5. Nov 28, 2025253G2 OFFERING CIRCULAR EDGAR
  6. Nov 28, 20258-K CURRENT REPORT EDGAR
  7. Nov 14, 2025253G2 OFFERING CIRCULAR EDGAR
  8. Nov 13, 202510-Q QUARTERLY REPORT EDGAR
  9. Oct 24, 2025253G2 OFFERING CIRCULAR EDGAR
  10. Sep 30, 2025NT 10-K NOTIFICATION OF LATE FILING EDGAR
  11. Sep 30, 202510-K ANNUAL REPORT EDGAR
  12. Sep 17, 2025253G2 OFFERING CIRCULAR EDGAR
  13. Sep 16, 2025QUALIF EDGAR
  14. Sep 12, 2025CORRESP EDGAR
  15. Sep 10, 20251-A/A EDGAR
  16. Sep 9, 2025CORRESP EDGAR
  17. Sep 5, 2025UPLOAD EDGAR
  18. Aug 26, 2025CORRESP EDGAR
  19. Aug 26, 20251-A/A EDGAR
  20. Aug 13, 2025SCHEDULE 13G/A EDGAR

The 166 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How Damon Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARDamon Inc.1
  • CIK0002000640
  • Employer ID (EIN)00-00000004
  • Filer statusNon-accelerated filer an emerging growth company; a smaller reporting company; not a shell company4
  • Incorporated inBritish Columbia4
  • Fiscal year endsJune 301
  • Industry code (SIC)3751 Motorcycles, Bicycles & Parts1
  • SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance1
  • Business address704 Alexander Street, Vancouver, A1 V6A 1E31
  • Phone40870221671
  • Shares outstanding21,047,390 as of Nov 13, 20257
  • Public float$17.4M as of Dec 31, 20244
  • AuditorCBIZ CPAs P.C., New York, NY PCAOB ID 199; no auditor attestation of internal control over financial reporting4
  • On EDGAR sinceNov 13, 20231
  • Filings167 in all: 424B3 (55), 8-K (23), CORRESP (11), 3 (10), 4 (8), UPLOAD (8), SCHEDULE 13G (6), 253G2 (5)1
    All 34 form types

    10-Q (4), DRS (3), EFFECT (3), S-1 (3), SCHEDULE 13G/A (3), 1-A/A (2), 6-K (2), DRSLTR (2), S-1/A (2), 1-A (1), 10-12B (1), 10-12B/A (1), 10-K (1), 10-Q/A (1), 25-NSE (1), 424B4 (1), CERT (1), DRS/A (1), NT 10-K (1), NT 10-Q (1), QUALIF (1), S-1MEF (1), S-8 (1), SC 13D (1), SC 13D/A (1), SEC STAFF ACTION (1)

  • Latest filingsAnnual report (10-K) Sep 30, 2025
    Quarterly report (10-Q) Nov 13, 2025
    Latest 8-K (8-K) Jan 5, 2026

Securities registered for trading

ClassSymbolExchange
Common SharesDMNNasdaq

From the cover page of the 10-K filed Sep 30, 2025 (Section 12(b) of the Exchange Act).4

Risk factors and legal proceedings

The risks Damon Inc. names in Item 1A of its 10-K filed Sep 30, 2025: 75 risks under these headings, as written.4

  • We are subject to various risks and uncertainties that may materially harm our business, prospects, financial condition and results of operations. An investment in our common shares is speculative and involves a high degree of risk. In evaluating an investment in shares of our common shares, you should carefully consider the risks described below, together with the other information included in this report.
  • Risks Related to Our Business and Industry
  • We have a history of operating losses and we will need to raise capital to fund our planned operations and, additionally, there is no assurance that we will be able to achieve profitability, raise additional financing or continue as a going concern.
  • The Company has incurred significant costs associated with the Business Combination and will continue to incur significant costs associated with operating as a public reporting company.
  • The Company is an early-stage company with a history of losses and expects to incur significant expenses and continuing losses for the foreseeable future. There is no guarantee that the Company will achieve or sustain profitability.
  • The Company has a limited operating history which makes it difficult to evaluate its future business prospects and may increase investment risk.
  • The Company expects to initially depend on revenue generated from a single model of vehicle and in the foreseeable future will be significantly dependent on a limited number of models.
  • The Company’s success will depend on its ability to economically produce its vehicles at scale and to create additional revenue sources such as through the commercialization of SaaS solutions, and its ability to produce vehicles of sufficient quality and appeal to customers on schedule and at a scale, as well as to successfully commercialize SaaS solutions, remains unproven.
  • The Company may be unable to reduce and adequately control the costs associated with operating its business.
  • To carry out its proposed business plan to develop, manufacture, sell and service electric motorcycles and other potential personal mobility products and services, the Company will require a significant amount of capital.
  • The Company may experience significant delays in the design, manufacture, finance, regulatory approval, launch, transportation and delivery of its motorcycles and other potential personal mobility products.
  • The Company does not currently have arrangements in place that will allow it to fully execute its business plan.
The other 64 risks
  • If the Company is unable to design, develop, manufacture and sell new electric motorcycles and other potential personal mobility products and services that address additional market opportunities, its business, financial condition, operating results and prospects may suffer.
  • The Company may not be able to accurately estimate the supply and demand for its vehicles, which could result in a variety of inefficiencies in its business and hinder its ability to generate revenue. If the Company fails to accurately predict its manufacturing requirements, the Company could incur additional costs or experience delays.
  • The Company has received only a limited number of reservations for its vehicles, all of which may be cancelled and are fully refundable, and there is no assurance that such reservations will be converted into sales.
  • If the Company fails to manage future growth effectively, it may not be able to produce, market, service and sell (or lease) its motorcycles successfully.
  • The Company has very limited experience servicing its motorcycles. If it is unable to address the service requirements of its future customers, the Company’s business may be materially and adversely affected.
  • The Company’s motorcycles may not perform in line with customer expectations.
  • Sales will depend in part on the Company’s ability to establish and maintain confidence in its business prospects among customers, analysts and others within its industry.
  • The Company’s business and prospects depend significantly on its ability to build its brand. The Company may not succeed in continuing to establish, maintain and strengthen the Damon brand, and its brand and reputation could be harmed by negative publicity regarding its company or products.
  • The motorcycle and personal mobility market is highly competitive, and the Company may not be successful in competing in this industry.
  • There may be unanticipated obstacles to the execution of the Company’s business model.
  • Demand in the motorcycle and personal mobility industry is highly volatile.
  • The Company’s ability to generate meaningful product revenue will depend upon consumer’s willingness to adopt electric motorcycles and other potential personal mobility products.
  • The transportation industry has significant barriers to entry that the Company must overcome in order to manufacture and sell its electric motorcycles and other personal mobility products at scale.
  • The Company’s planned distribution model is different from the predominant current distribution model for motorcycle manufacturers, which makes evaluating its business, financial condition, operating results and prospects difficult.
  • The Company’s marketing programs may not be successful.
  • The Company is dependent on its suppliers, some of which are single or limited source suppliers, and the inability of these suppliers to deliver necessary components of the Company’s vehicles at prices and volumes acceptable to the Company would have a material adverse effect on its business, financial condition, operating results and prospects.
  • If the Company’s suppliers fail to use ethical business practices and comply with applicable laws and regulations, the Company’s brand image could be harmed due to negative publicity.
  • The Company could experience cost increases or disruptions in supply of raw materials or other components used in its vehicles.
  • Increased freight and shipping costs or disruptions in transportation and shipping infrastructure could materially adversely affect the Company’s business, financial condition, operating results and prospects.
  • The Company depends on certain key personnel, and its success will depend on its continued ability to retain and attract qualified management, technical and vehicle engineering and sales personnel.
  • The Company’s directors and executive officers may have other business interests and obligations to other entities.
  • The Company’s business may be adversely affected by labor and union activities.
  • The Company is or may be subject to risks associated with strategic alliances and acquisitions.
  • We may not be able to successfully integrate the business and operations of entities that we have acquired or may acquire in the future into our ongoing business operations, which may result in our inability to fully realize the intended benefits of these acquisitions, or may disrupt our current operations, which could have a material adverse effect on our business, financial position and results of operations.
  • Manufacturing in collaboration with partners is subject to risks.
  • Manufacturing Capacity, if and when established by the Company, will present inherent risks.
  • The Company is and will be dependent on its manufacturing facilities. If one or more of its current or future manufacturing facilities become inoperable, capacity constrained or if operations are disrupted, its business, financial condition, operating results and prospects may be materially adversely affected.
  • The Company relies on complex machinery for its operations, and production of its vehicles involves a significant degree of risk and uncertainty in terms of operational performance, safety, security and costs.
  • The Company’s business may be negatively impacted by depreciation of equipment.
  • Misconduct by employees of the Company or third-party service providers could cause significant losses to the Company.
  • Dependence on a single licensor for our SAVES products and potential adverse changes to terms could negatively impact our financial condition and results of operations.
  • Our competitors in the technology distribution industry can take more market share by reducing prices on our most profitable vendor products, causing us to reduce prices on such products.
  • Our competitiveness in the technology distribution industry depends significantly on our ability to keep pace with the rapid changes in our industry. Failure by us to anticipate and meet our customers’ technological needs could adversely affect our competitiveness and growth prospects.
  • The growth of our SAVES distribution business is dependent on increasing sales to our existing customers and obtaining new customers, which, if unsuccessful, could limit our financial performance.
  • If our SAVES products fail to satisfy customer demands or to achieve increased market acceptance, our results of operations, financial condition and growth prospects could be materially adversely affected.
  • Defects, errors, or vulnerabilities in our SAVES products or services that we sell or the failure of such products or services to prevent a security breach, could harm our reputation and adversely affect our results of operations.
  • Our SAVES business relies on a limited number of key customers, the importance of which may vary dramatically from year to year, and a loss of one or more of these key customers may adversely affect our operating results.
  • A delay in the completion of our customers’ budget processes could delay purchases of our SAVES products and services and have an adverse effect on our business, operating results and financial condition.
  • If we cannot collect our receivables or if payment is delayed, our SAVES distribution business may be adversely affected by our inability to generate cash flow, provide working capital or continue our business operations.
  • Insurance and contractual protections related to our SAVES distribution business may not always cover lost revenue, increased expenses or liquidated damages payments, which could adversely affect our financial results.
  • Risks Related to Economic Conditions
  • Global economic conditions, including inflation, could materially adversely impact demand for the Company’s products and services.
  • Any financial or economic crisis, or perceived threat of such a crisis, including a significant decrease in consumer confidence, may materially and adversely affect the Company’s business, financial condition, results of operations and prospects.
  • The Company faces risks related to natural disasters, health epidemics and other outbreaks, which could significantly disrupt its operations.
  • The Company’s risk management efforts may not be effective which could result in unforeseen losses.
  • The Company is subject to risks related to customer credit.
  • Motorcycle retail sales depend heavily on affordable interest rates and availability of credit for financing and a substantial increase in interest rates could materially and adversely affect the Company’s business, financial condition, operating results and prospects.
  • Fluctuations in exchange rates could have a material and adverse effect on the Company’s results of operations.
  • The Company’s sales and operating results may fluctuate from quarter-to-quarter and from year-to-year as they are affected, among other things, by the seasonal nature of the Company’s products, fluctuation in the Company’s operating costs and prevailing market conditions.
  • Risks Related to Technology
  • The Company’s motorcycles rely on software and hardware that is highly technical, and if these systems contain errors, bugs or vulnerabilities, or if the Company is unsuccessful in addressing or mitigating technical limitations in its systems, its business, financial condition, operating results and prospects could be materially adversely affected.
  • There are complex software and technology systems that need to be developed by the Company and in coordination with vendors and suppliers to reach production for its vehicles, and there can be no assurance such systems will be successfully developed or integrated.
  • The Company’s industry and its technology are rapidly evolving and may be subject to unforeseen changes. Developments in alternative technologies or improvements in the internal combustion engine may materially and adversely affect the demand for its electric vehicles.
  • The Company may face challenges providing charging solutions.
  • The range of the Company’s electric motorcycles on a single charge decline over time, which may negatively influence potential customers’ decisions whether to purchase its motorcycles.
  • The Company’s vehicles make use of lithium-ion battery cells, which have been observed to catch fire or vent smoke and flame.
  • The Company may be subject to risks associated with assisted driving technology.
  • Risks Related to Intellectual Property
  • The Company’s patent applications may not result in issued patents, which may have a material adverse effect on its ability to prevent others from interfering with the commercialization of the Company’s products.
  • The Company may need to defend itself against patent or trademark infringement claims, which may be time-consuming and would cause the Company to incur substantial costs.
  • Risks Related to Regulation and Taxation
  • Our international business exposes us to geo-political and economic factors, legal and regulatory requirements, public health and other risks associated with doing business in foreign countries.
  • The lack of availability, reduction or elimination of government and economic incentives or government policies which are favorable for electric vehicles and Canadian produced vehicles could have a material adverse effect on the Company’s business, financial condition, operating results and prospects.
  • The Company’s business could be adversely affected by trade tariffs or other trade barriers.
  • The construction and operation of one or more potential assembly facilities that the Company may seek to establish in the future, are or will be subject to regulatory approvals, and may be subject to delays, cost overruns or may not produce expected benefits.
  • The Company’s vehicles are subject to motor vehicle standards and the failure to satisfy such mandated safety standards would have a material adverse effect on the Company’s business, financial condition, operating results and prospects.
  • The Company is subject to anti-corruption, anti-bribery, anti-money laundering, financial and economic sanctions and similar laws, and noncompliance with such laws can subject the Company to administrative, civil and criminal fines and penalties, collateral consequences, remedial measures and legal expenses, all of which could materially adversely affect the Company’s business, results of operations, financial condition and reputation.
  • The Company is subject to numerous environmental, health and safety laws and any breach of such laws may have a material adverse effect on the Company’s business, financial condition, operating results and prospects.

Legal proceedings

As of the date of this report, we are not party to, nor is any of our property the subject of, any material pending legal proceedings reportable under Item 103 of Regulation S-K, except as disclosed below.

The opening of Item 3, Legal Proceedings.4

Sources

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