Key Highlights

● Second-quarter 2026 revenue rose 287 per cent to $6.7 million.

● Net loss was $88.0 million, including a $56.4 million impairment of non-marketable securities.

● Cash stood at $1.4 million at 30 June, with going-concern doubt unresolved.

● Shares outstanding rose from 573.4 million to 949.7 million between end-2025 and 19 August 2026.

The latest verified results

Datavault AI Inc. (NASDAQ:DVLT) reported second-quarter 2026 results on 19 August 2026. Revenue was $6.7 million, up 287 per cent from $1.7 million a year earlier, and six-month revenue was $10.1 million against $2.4 million. Gross profit rose to $2.9 million from $35,000. The company describes itself as building tokenisation and data-monetisation platforms, and the release framed the quarter as progress toward commercialisation.

The percentage growth is large, but it starts from a very small base, and the absolute revenue figure remains modest relative to the cost structure. The quarter also covers a period in which the company was integrating acquisitions, which complicates year-on-year comparisons because the earlier period contained fewer owned businesses.

Losses and operating costs

Growth came with much higher spending. Operating expenses were $29.3 million, comprising research and development of $7.2 million, sales and marketing of $7.2 million and general and administrative costs of $14.9 million. The loss from operations was $26.5 million, compared with $12.5 million a year earlier.

The net loss was $88.0 million against $37.1 million, equal to $0.12 per share. It included a $56.4 million impairment of non-marketable securities and an $8.1 million loss on crypto assets, so a large part of the headline loss is non-operating. The six-month net loss was $141.2 million. Impairments and crypto valuation changes are not the same as trading losses, though they reduce reported equity and may recur if asset values fall further.

Balance sheet, going concern and dilution

At 30 June 2026 the company held $1.4 million in cash and cash equivalents, down from $2.0 million at the end of 2025, alongside crypto assets of $49.0 million, down from $92.2 million. Total assets were $276.6 million and total liabilities $30.7 million. The quarterly filing states that substantial doubt about the company's ability to continue as a going concern has not been alleviated and that additional funds must be raised within twelve months.

The share count has expanded sharply. Shares outstanding were 573.4 million at the end of 2025, 854.5 million at 30 June 2026 and 949.7 million at 19 August 2026, according to the filing cover page. A rights offering dated September 2026 has also been listed.

Targets, deals and listing status

Management reiterated a target of at least $200 million of revenue for 2026, which would imply roughly 400 per cent growth. With $10.1 million reported for the first half, it would require a very large second half, and the release itself lists failure to achieve the target as a risk.

Operational developments included completing the NYIAX acquisition, a definitive all-cash agreement to acquire CyberCatch Holdings, an announced plan to tokenise Available Infrastructure's Project Qestrel edge data-centre network, and continued work with Fiserv. Separately, Nasdaq notified the company on 24 February 2026 of a minimum bid price deficiency, starting a 180-day compliance period that ended on 24 August 2026.

Funding need against a 180-day clock

The compliance window ended on 24 August 2026, days after the second-quarter release, and the company's filing links its going-concern doubt to a requirement to raise additional funds within twelve months, set against $1.4 million of cash at 30 June.