Chaince Digital (CD) Q1 2026 earnings summary

Executive summary

• Revenue from financial services and advisory businesses surged 1925% year-over-year to $507,546 for Q1 2026, reflecting a strategic focus on this segment after discontinuing Filecoin mining operations.

• Gross profit turned positive at $218,025 (43% margin), compared to a gross loss in Q1 2025, driven by higher advisory and consulting engagement volume.

• Net loss was $1,352,444, slightly higher than the prior year, with losses from both continuing and discontinued operations.

• The Filecoin mining business was fully classified as discontinued, with wind-down expected by April 2026.

Financial highlights

• Revenue: $507,546 (Q1 2026), up from $25,065 (Q1 2025).

• Gross profit: $218,025 (43% margin), up from a loss of $42,347.

• Net loss: $1,352,444, compared to $1,301,478 in Q1 2025.

• Cash and cash equivalents: $36.7 million as of March 31, 2026.

• Total equity: $46.96 million as of March 31, 2026.

• Operating cash flow: $(803,233) for Q1 2026.

Outlook and guidance

• Management expects continued growth in financial services and advisory businesses, with a focus on expanding the client base and service lines.

• Sufficient liquidity is expected to fund operations and commitments for at least the next twelve months.