Datavault AI (DVLT) Q2 2026 earnings summary

Executive summary

• Q2 2026 revenue rose 287% year-over-year to $6.7 million, driven by platform buildout, strategic acquisitions, and increased patent license revenue.

• Full-year 2026 revenue guidance reaffirmed at $200 million, with both acoustic science and data science divisions contributing.

• Major milestones include closing NYIAX acquisition, signing definitive agreements for CyberCatch and BankWyse, and launching Project Qestrel.

• Platform enhancements and partnerships with Fiserv, CLEAR, IBM watsonx, and Available Networks advanced AI, payments, and edge computing capabilities.

• Regulatory tailwinds from the GENIUS and CLARITY Acts support compliant exchange launches and institutional adoption.

Financial highlights

• Q2 2026 revenue: $6.7M (+287% YoY); H1 2026 revenue: $10.1M (+329% YoY).

• Gross profit for Q2 2026 was $2.9M (43% margin), up from $35,000 in Q2 2025.

• Net loss for Q2 2026 was $88.0M ($0.12/share), impacted by higher expenses, impairments, and crypto losses.

• Tokenization revenue backlog totals $213.2M, with $2.54B in RWA tokenization value across 14 agreements.

• Cash and equivalents at June 30, 2026: $1.4M; crypto assets: $49.0M.

Outlook and guidance

• 2026 revenue target reaffirmed at $200M, with a significant ramp expected in Q4 as exchanges go live.

• Project Qestrel expected to contribute $75M+ in 2026 revenue and $10B in value upon completion.

• Management expects continued operating losses and will require additional capital within 12 months.

• Regulatory clarity from the GENIUS and CLARITY Acts is expected to unlock institutional capital and accelerate growth.