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.

• Strengthened balance sheet with $60 million raised via private placement, $120 million in non-dilutive financing, and approximately $250 million in available funding.

• Announced spin-out of Acoustic Sciences/events division, to be led by David Reese as API Media, focusing on real-time data and audience engagement.

• Closing NYIAX and CyberCatch acquisitions, and acquisition of CompuSystems expected to close May 20, 2025.

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

Financial highlights

• Q1-2026 revenue was $3.4 million, up 443% year-over-year, driven by acquisitions.

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

• Working capital stands at $140 million after recent fundraising.

• Gross profit for Q1-2026 was $0.1 million, with a gross margin of 3% versus 11% in Q1-2025.

• Net loss for Q1-2026 was $53.1 million, compared to $9.6 million in Q1-2025.

Outlook and guidance

• Reiterated full-year 2026 revenue target of at least $200 million, projecting approximately 400% year-over-year growth.

• Revenue recognition expected to accelerate in the second half of 2026, driven by tokenization contracts and exchange launches.

• Anticipates regulatory tailwinds from the CLARITY Act and further value creation from upcoming platform launches.

• International exchange launches planned to complement U.S. operations.

• No plans for further dilution; focus is on accretive investments and share value preservation.