Avax One Technology (AVX) investor relations material

Executive summary

• Strategy shifted to expanding the AVAX treasury, generating staking yield and disciplined capital allocation; planned AI and high-performance computing data center initiatives, including BlueFlare Energy Solutions, were discontinued.

• Treasury held 14,170,184 AVAX tokens and equivalents at quarter-end, with approximately 99.7% actively staked and an annualized yield of approximately 5.85%.

• Avalanche adoption advanced across institutional finance, consumer applications and public-sector projects, including NYSE’s planned tokenized securities platform, subject to regulatory approval.

Financial highlights

• Q3 revenue was $2.445M versus $0.526M in Q3 2025; net income was $49.892M versus a net loss of $8.351M.

• Q3 operating income of $52.427M included a $55.133M unrealized digital-asset gain; adjusted operating expenses excluding digital-asset valuation and transaction items were approximately $4.7M.

• 9M revenue was $7.773M versus $1.251M; net loss was $31.628M versus $16.557M in 9M 2025.

• Cash and cash equivalents were $8.476M at September 30, 2026, versus $22.1M at December 31, 2025.

Outlook and guidance

• FY 2026 guidance under current spot-price assumptions: revenue of $11M–$12M and EBITDA of $2M–$3M, assuming Bitcoin at $70,000 and Avalanche at $9.

• At 2025 average prices, guidance is revenue of $24M–$25M and EBITDA of $10M–$11M, assuming Bitcoin at $101,877.40 and Avalanche at $22.43.

• Priorities include AVAX treasury growth, staking-yield optimization, Avalanche ecosystem opportunities and cash-flow-positive businesses.

• Cash, digital assets earned through staking and mining, and other liquidity sources were expected to fund operating expenses and capital expenditures for at least 12 months from issuance of the financial statements.