Datavault AI (DVLT) Q1 2026 earnings summary

Executive summary

• Maintains $200 million revenue guidance for 2026, supported by over $800 million in tokenization contracts and nearly $100 million in expected fees, with revenue recognition weighted to the second half of the year.

• Q1 2026 revenue was $3.4 million, up 443% year-over-year, driven by acquisitions including CompuSystems Inc. and API Media Innovations.

• Net loss for Q1 2026 was $53.1 million, reflecting higher operating expenses and crypto asset losses.

• Announced spin-out of Acoustic Sciences/events division, to be led by David Reese as API Media, and proposed further strategic transactions including a gold tokenization program and intent to acquire CyberCatch Holdings.

• Focused on integrating acquisitions, expanding licensing, tokenization, and exchange revenue streams, and deploying quantum-ready infrastructure.

Financial highlights

• Over $800 million in tokenization contracts signed, with nearly $100 million in fees to be recognized in 2026.

• Q1 2026 revenue: $3.4 million (Q1 2025: $0.6 million); gross profit: $0.1 million; gross margin: 3%.

• Net loss: $53.1 million (Q1 2025: $9.6 million); adjusted EBITDA for Q1 2026 was negative $25.8 million.

• Working capital stands at $140 million after recent fundraising; cash and cash equivalents at March 31, 2026: $2.2 million.

• Over $250 million in available funding for 2026, including $60 million raised from private/registered offerings and $120 million in non-dilutive financing.

Outlook and guidance

• Maintains 2026 revenue guidance at $200 million, with revenue recognition expected to accelerate in the second half, driven by tokenization contracts and exchange launches.

• Management expects continued revenue growth from acquisitions and expansion of live event and data monetization services.

• July anticipated as a pivotal month, contingent on the passage of the CLARITY Act.

• International exchange launches and accelerated rollout of quantum-ready infrastructure planned.

• Additional capital raises are anticipated to fund operations and infrastructure expansion in 2026.