INDIANAPOLIS, IN / ACCESS Newswire / May 15, 2026 / Arrive AI (NASDAQ:ARAI), an autonomous delivery network company built around patented, AI-powered Arrive Points™, today announced financial results for the first quarter ended March 31, 2026, and provided an update on operational milestones, product development, and strategic progress.
The company will host a conference call and webcast today at 8:30 AM Eastern Time to review results, discuss recent developments, and answer investor questions.
“We continue to believe our most important metric right now is operational progress and milestone achievement,” said Founder and CEO Dan O’Toole. “Over the last quarter, we strengthened our supply chain, advanced our software infrastructure, expanded internal development capabilities, progressed toward larger-scale deployment readiness, and continued building the foundation for long-term autonomous logistics infrastructure.”
Recent Operational Highlights
During the quarter, Arrive AI:
Q1 2026 Financial Highlights
The company also announced it recently reached a standstill agreement with Streeterville Capital that management believes will help reduce share price volatility associated with routine conversion activity while preserving capital flexibility moving forward. Under the standstill agreement, Streeterville Capital has agreed not to deliver any Purchase Notices through December 31, 2026, except on any trading day when the closing price of the Common Shares is at least 15% above the Nasdaq Minimum Price. Additional details will be included in a Form 8-K filing.
“As we continue executing, our focus remains straightforward: strengthen the platform, expand deployments, improve scalability, and maintain discipline on capital allocation, positioning Arrive AI for long-term growth within autonomous logistics,” O’Toole added.
Earnings Call Details:
Date: May 15, 2026
Duration: 60 minutes
If you are an analyst and would like to join the call to ask questions, please contact Alliance IR at [email protected].
A replay of the call will be available after the event on Arrive AI’s website at arriveai.com/investor-relations.
Following opening remarks from Founder and CEO Dan O’Toole, portions of the prepared comments will be delivered using AI-assisted voice technology as part of the company’s continued exploration of practical AI applications in business communications.
About Arrive AI
Arrive AI (NASDAQ:ARAI) is building the infrastructure for autonomous logistics through a network of intelligent delivery endpoints that enable secure, asynchronous exchange of goods. The company’s platform supports drones, ground robotics, and human couriers, solving the “last inch of the last-mile” challenge across logistics, healthcare, and enterprise delivery.
Media Contact
Kylie Conway
[email protected]
Investor Relations Contact
Alliance Advisors IR
[email protected]
Cautionary Note Regarding Forward-Looking Statements
This news release and statements of Arrive AI’s management in connection with this release or related events may contain “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995.
Forward-looking statements relate to future events and expected business and financial performance and often include words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “potential,” “will,” “should,” “could,” “would,” “optimistic,” or “may,” and similar expressions.
These statements are based on information available as of the date of this release and reflect management’s current views and assumptions. They are not guarantees of future performance and involve known and unknown risks, uncertainties, and other factors that may be beyond the company’s control.
Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date of this release. Potential investors should review Arrive AI’s SEC filings, including risk factors, available at http://www.sec.gov.
Arrive AI undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date of this release, except as required by law.
ARRIVE AI INC.
CONDENSED BALANCE SHEETS
March 31, 2026 | December 31, 2025 | |||||||
(Unaudited) | ||||||||
ASSETS | ||||||||
CURRENT ASSETS | ||||||||
Cash and cash equivalents | $ | 5,667,553 | $ | 2,104,004 | ||||
Investments at fair value | 2,802,060 | – | ||||||
Accounts receivable, net of allowance | – | 4,975 | ||||||
Prepaid expenses | 280,102 | 189,878 | ||||||
Other current assets | 12,325 | 12,325 | ||||||
Total current assets | 8,762,040 | 2,311,182 | ||||||
OTHER ASSETS | ||||||||
Property and equipment, net | 679,333 | 514,684 | ||||||
Right of use assets – operating leases | 2,023,420 | 2,117,284 | ||||||
Patents, net of accumulated amortization of $3,120 and $2,603 | 271,580 | 272,097 | ||||||
Deferred offering costs | 3,475,514 | 5,650,185 | ||||||
Other assets | 279,187 | 65,633 | ||||||
Total other assets | 6,729,034 | 8,619,883 | ||||||
TOTAL ASSETS | $ | 15,491,074 | $ | 10,931,065 | ||||
LIABILITIES AND STOCKHOLDERS’ EQUITY | ||||||||
CURRENT LIABILITIES | ||||||||
Accounts payable | $ | 227,909 | $ | 183,993 | ||||
Accrued expenses | 1,490,720 | 538,234 | ||||||
Operating lease liability | 408,345 | 392,950 | ||||||
Derivative liabilities | 1,440,000 | 1,460,000 | ||||||
Convertible note payable, net of discount and debt issuance costs of $4,507,852 and $350,794, and $3,379,447 and $240,896, respectively | 7,681,354 | 4,144,657 | ||||||
Note payable | 8,336 | 9,140 | ||||||
Total current liabilities | 11,256,664 | 6,728,974 | ||||||
LONG TERM LIABILITIES | ||||||||
Operating lease liability | 1,616,553 | 1,725,073 | ||||||
Note payables, net of current portion | – | 1,418 | ||||||
Total long term liabilities | 1,616,553 | 1,726,491 | ||||||
Total liabilities | 12,873,217 | 8,455,465 | ||||||
Commitments and Contingencies (See Note 16) | ||||||||
STOCKHOLDERS’ EQUITY | ||||||||
Common stock, $0.0002 par value, 200,000,000 authorized, 37,731,391 and 34,213,387 issued and outstanding at March 31, 2026 and December 31, 2025 | 7,545 | 6,841 | ||||||
Additional paid-in capital | 37,834,831 | 31,215,698 | ||||||
Deferred compensation | (107,334 | ) | – | |||||
Accumulated deficit | (35,117,185 | ) | (28,746,939 | ) | ||||
Total stockholders’ equity | 2,617,857 | 2,475,600 | ||||||
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | $ | 15,491,074 | $ | 10,931,065 | ||||
ARRIVE AI INC.
CONDENSED STATEMENTS OF OPERATIONS
(Unaudited)
Three Months Ended | Three Months Ended | |||||||
March 31, 2026 | March 31, 2025 | |||||||
REVENUE | $ | 14,925 | $ | – | ||||
OPERATING EXPENSES | ||||||||
General and administrative | 4,210,066 | 1,894,981 | ||||||
Research and development | 357,073 | 91,263 | ||||||
Sales and marketing | 111,350 | 7,661 | ||||||
Total operating expenses | 4,678,489 | 1,993,905 | ||||||
OTHER INCOME (EXPENSES) | ||||||||
Interest expense | (361,870 | ) | (1,175 | ) | ||||
Other income | 177,789 | 16,915 | ||||||
Change in fair value of derivative liabilities | 1,129,769 | – | ||||||
Accretion of debt discount | (250,969 | ) | – | |||||
Loss on conversion of convertible notes payable | (2,345,613 | ) | – | |||||
Realized gain on investments | 446,324 | – | ||||||
Unrealized loss on investments | (502,112 | ) | – | |||||
Total other income (expenses) | (1,706,682 | ) | 15,740 | |||||
NET LOSS BEFORE TAXES | (6,370,246 | ) | (1,978,165 | ) | ||||
PROVISION (BENEFIT) FOR INCOME TAXES | – | – | ||||||
NET LOSS | $ | (6,370,246 | ) | $ | (1,978,165 | ) | ||
NET LOSS PER SHARE: | ||||||||
Basic and diluted | $ | (0.18 | ) | $ | (0.07 | ) | ||
WEIGHTED-AVERAGE COMMON SHARES OUTSTANDING: | ||||||||
Basic and diluted | 36,167,200 | 29,721,248 | ||||||
ARRIVE AI INC.
CONDENSED STATEMENTS OF CASH FLOWS
For the Three Months Ended March 31, 2026 and 2025 (Unaudited)
2026 | 2025 | |||||||
CASH FLOWS FROM OPERATING ACTIVITIES | ||||||||
Net loss | $ | (6,370,246 | ) | $ | (1,978,165 | ) | ||
Adjustments to reconcile net loss to net cash used in operating activities | ||||||||
Stock-based compensation | 1,043,789 | 1,348,245 | ||||||
Depreciation and amortization | 56,214 | 7,391 | ||||||
Credit loss expense | 300 | – | ||||||
Operating lease liability – non-cash adjustment | 739 | – | ||||||
Change in fair value of derivative liability | (1,129,769 | ) | – | |||||
Loss on conversion of convertible notes payable | 2,345,613 | – | ||||||
Accretion of discount on convertible note payable | 250,969 | – | ||||||
Accretion of issuance costs on convertible note payable | 119,018 | – | ||||||
Realized gain on investments | (446,324 | ) | – | |||||
Unrealized loss on investments | 502,112 | – | ||||||
Changes in operating assets and liabilities | ||||||||
(Increase) decrease in | ||||||||
Accounts receivable | 4,675 | – | ||||||
Prepaid expenses | (90,224 | ) | 7,081 | |||||
Other current assets | – | 1,412 | ||||||
Other assets | (213,554 | ) | – | |||||
Increase (decrease) in | ||||||||
Accounts payable | 43,916 | (66,262 | ) | |||||
Accrued expenses | 952,486 | 133,627 | ||||||
Net cash used in operating activities | (2,930,286 | ) | (546,671 | ) | ||||
CASH FLOWS FROM INVESTING ACTIVITIES | ||||||||
Capital expenditures | (220,346 | ) | (2,832 | ) | ||||
Proceeds from sales of investments | 8,893,827 | – | ||||||
Purchase of investments | (11,751,675 | ) | – | |||||
Net cash used in investing activities | (3,078,194 | ) | (2,832 | ) | ||||
CASH FLOWS FROM FINANCING ACTIVITIES | ||||||||
Proceeds from sale of common stock, net | – | 420,753 | ||||||
Taxes paid for shares withheld upon vesting of restricted stock units | (25,749 | ) | – | |||||
Proceeds from the exercise of warrants, net | – | 296,875 | ||||||
Repayments of note payables | (2,222 | ) | (2,075 | ) | ||||
Proceeds from issuance of convertible notes payable | 10,000,000 | – | ||||||
Debt issuance costs | (400,000 | ) | – | |||||
Net cash provided by financing activities | 9,572,029 | 715,553 | ||||||
NET INCREASE IN CASH AND CASH EQUIVALENTS | 3,563,549 | 166,050 | ||||||
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD | 2,104,004 | 129,318 | ||||||
CASH AND CASH EQUIVALENTS, END OF PERIOD | $ | 5,667,553 | $ | 295,368 | ||||
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION | ||||||||
Cash paid for: | ||||||||
Interest | $ | 1,064 | $ | 321 | ||||
Income taxes | $ | – | $ | – | ||||
SUPPLEMENTAL DISCLOSURE OF NONCASH INFORMATION | ||||||||
Common stock issued as payment of offering costs | $ | – | $ | 6,927,869 | ||||
Common stock issued for deferred compensation | $ | 161,000 | $ | – | ||||
Common stock issued for conversion of convertible notes payable | $ | 6,468,903 | $ | – | ||||
Derivative liabilities reclassified as additional paid-in capital upon conversion of convertible notes payable | $ | 1,200,231 | $ | – | ||||
Deferred offering costs recognized as additional paid-in capital upon financing drawdown | $ | 2,174,671 | $ | – | ||||
SOURCE: Arrive AI Inc.
