Neptune Digital Assets Corp (NDA) Q3 2026 earnings summary

Executive summary

• Reported total assets of $76.6 million and shareholders' equity of $59.0 million as of May 31, 2026.

• Digital currency holdings valued at $47.5 million; equity investments, mainly SpaceX, at $24.7 million.

• Holds 424 Bitcoin (approx. $38.2 million) and 36,500 Solana, generating recurring staking rewards.

• Comprehensive loss of $13.8 million for the nine months ended May 31, 2026, mainly due to a $25.9 million non-cash fair-value adjustment on digital currencies, partially offset by a $12.5 million unrealized gain on equity investments.

• Strategic investments include Polymarket and new public listings for SpaceX and Ionic Digital.

Financial highlights

• Nine-month revenue totaled $758 thousand: $238 thousand from Bitcoin mining and $520 thousand from staking.

• Direct mining expenses were $270,638; general expenses $793,555; finance costs $80,155.

• Depreciation and stock-based compensation were $88,762 and $138,365, respectively.

• Realized gain on settlements and sales was $543,684; revaluation loss on digital currencies was $25.9 million.

• Unrealized gain on equity investments reached $12.5 million.

Outlook and guidance

• Management remains focused on long-term shareholder value through disciplined accumulation and yield generation.

• Strong balance sheet and access to a $25 million revolving credit facility provide financial flexibility.