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Datavault AI Reports Second Quarter 2026 Financial Results and Provides Business Update Highlighting Progress Toward Commercialization of Tokenization and Data Monetization PlatformsDatavault AI Inc. ("Datavault AI" or the "Company") (NASDAQ: DVLT), an Artificial Intelligence Platform ("AIP") company providing data monetization, credentialing, digital engagement, real-world asset ("RWA") tokenization and spatial audio technologies, today reported financial results for the second quarter ended June 30, 2026, and provided an update on the Company's strategy to assemble and vertically integrate the infrastructure required to support the commercialization of its data monetization and tokenization platforms. "Over the past few months, we made significant progress assembling the technology, infrastructure and strategic capabilities required to bring Datavault AI's platform to market at scale," said Nathaniel Bradley, Chief Executive Officer of Datavault AI. "With the NYIAX acquisition completed and the acquisition of CyberCatch under definitive agreement, the continued buildout of SanQtum and several other commercial programs underway, we believe the foundation of our platform is taking shape. Each component of our integrated technology ecosystem serves a distinct role: NYIAX is expected to provide exchange infrastructure and IP; CLEAR provides identity and credentialing; Fiserv provides payments and settlement capabilities; IBM watsonx is our AI infrastructure; Available powers our distributed edge-computing network, and CyberCatch is expected to strengthen security and compliance." "These partnerships were never intended to operate independently," Mr. Bradley continued. "Together, they form an integrated ecosystem. With the core platform buildout well underway, our focus for the second half of 2026 shifts to execution: launching our exchanges, scaling SanQtum and converting our contracted opportunities into commercial activity and recognized revenue." Business Highlights
SanQtum Infrastructure Expansion and Project Qestrel During the second quarter, Datavault AI advanced its partnership with Available Infrastructure to build out its SanQtum-powered edge AI infrastructure. SanQtum provides the secure, distributed computing layer supporting Datavault AI's broader platform, combining zero-trust networking, quantum-resilient security, high-performance GPU compute and AI inference at the edge. The Company's initial SanQtum deployments in New York and Philadelphia are the first steps in a much broader planned nationwide network designed to bring secure compute closer to where data is generated, valued, and monetized. On July 17, 2026, advancing this infrastructure strategy, Datavault AI announced the tokenization and monetization of Available Infrastructure's Project Qestrel, a planned nationwide fleet of 1,000 cybersecure, sovereign edge data centers across 100 U.S. cities and more than 30 states. Each Qestrel site is expected to use Available Infrastructure's SanQtum technology stack, including zero-trust networking, quantum-resilient encryption, high-performance computing and edge AI inference. Datavault AI intends to use its patented tokenization technology and Information Data Exchange® platform to create $QEST utility tokens representing access and usage rights to compute capacity across the Project Qestrel network. Q2-2026 Consolidated Results Revenue for the three months ended June 30, 2026 was $6.7 million, an increase of $5.0 million, or 287%, from $1.7 million for the three months ended June 30, 2025. Gross profit for the three months ended June 30, 2026 was $2.9 million, compared to $35,000 for the three months ended June 30, 2025. Research and development expenses were $7.2 million, an increase of $3.0 million from $4.2 million for the three months ended June 30, 2025. Sales and marketing expenses were $7.2 million, an increase of $5.5 million from $1.7 million for the three months ended June 30, 2025. General and administrative expenses were $14.9 million, an increase of $8.4 million from $6.5 million for the three months ended June 30, 2025. 2026 Outlook Datavault AI is reiterating its previously announced full-year 2026 revenue target of at least $200 million (approximately 400% growth rate year over year). Today's Datavault AI's Second Quarter 2026 Webcast Conference Call CEO Nathaniel Bradley and CFO Brett Moyer will host an investor conference call, webcast and Q&A today, at 8:30 a.m. ET August 19, 2026, to discuss the Company's results and answer investor questions. Conference Call and Webcast Information
A replay of the webcast will be made available later in the day in the Investors/Presentations section of the Datavault AI website: Click Here About Datavault AI Inc. Datavault AI Inc. (Nasdaq: DVLT) is an Artificial Intelligence Platform ("AIP") company focused on transforming data and real-world assets into intelligent, secure and monetizable digital assets. The Company's integrated platform combines artificial intelligence, an AI-driven inference layer, data valuation, tokenization, cybersecurity, high-performance computing and exchange technologies to support the lifecycle of data and digital assets-from identification and valuation through tokenization, commercialization and monetization. Datavault AI operates through two synergistic divisions: Data Science and Acoustic Science. The Data Science division includes the Company's patented Data Vault®, DataValue®, and DataScore® technologies, together with its cybersecurity, tokenization and exchange capabilities. The Acoustic Science division includes WiSA®, ADIO® and related spatial audio and data-over-sound technologies, as well as the Company's events and experiential media businesses, including CompuSystems, Inc., operated under the Event Citadel brand, and API Media Innovations Inc. Together, these capabilities form an integrated AI platform designed to connect data, intelligence, value and markets, enabling enterprises, institutions and asset owners to identify, protect, value and monetize data and real-world assets. The Company is headquartered in Philadelphia, PA. For more information, visit www.dvlt.ai. Investor information is available at ir.datavaultsite.com. Technology news and insights are published at dvlt.ai/insights. Trademarks, Trade Names, Service Marks and Copyrights We own or have rights to use various trademarks, trade names, service marks and copyrights, which are protected under applicable intellectual property laws. This press release also contains trademarks, trade names, service marks and copyrights of other companies, which are, to our knowledge, the property of their respective owners. Solely for convenience, certain trademarks, trade names, service marks and copyrights referred to in this press release may appear without the ©, ®, and ™ symbols, but such references are not intended to indicate, in any way, that we will not assert, to the fullest extent under applicable law, our rights or the rights of the applicable licensors to these trademarks, trade names, service marks and copyrights. We do not intend our use or display of other parties' trademarks, trade names, service marks or copyrights to imply, and such use or display should not be construed to imply a relationship with, or endorsement or sponsorship of us by, these other parties. Forward-Looking Statements This press release contains "forward-looking statements" (within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, and other securities laws) about Datavault AI Inc. ("Datavault AI," the "Company," "us," "our," or "we") and our industry that involve risks and uncertainties. In some cases, you can identify forward-looking statements because they contain words, such as "may," "might," "will," "shall," "should," "expects," "plans," "anticipates," "could," "intends," "target," "projects," "contemplates," "believes," "estimates," "predicts," "potential," "goal," "objective," "seeks," "likely" or "continue" or the negative of these words or other similar terms or expressions that concern our expectations, strategy, plans or intentions. The absence of these words does not mean that a statement is not forward-looking. Such forward-looking statements, including, but not limited to, statements regarding future events, the Company's revenue target for fiscal 2026, the expected operational, technical and commercial outcomes of the Company's commercial strategy, the potential for Datavault AI to successfully deploy its technologies and gain market share in such markets, the potential for Datavault AI to anticipate market trends, exploit business opportunities and create value for customers, our business opportunities and prospects, strategy and plans, future operations and revenue expectations, future costs, future financial condition, objectives of management, licensing, co-development, collaboration and/or strategic partnership initiatives, recent funding and/or equity investments, expected market growth and M&A activities, including the pending acquisition of CyberCatch Holdings, Inc. ("CyberCatch"), statements regarding the expected benefits, synergies and value creation from such acquisition, the anticipated timing of its closing, the ability to satisfy applicable closing conditions, including, without limitation, any required stockholder approvals under applicable securities laws or the rules and regulations of the applicable trading market, absence of any injunction or other law or order prohibiting such transaction, absence of pending litigation challenging or seeking to restrain such transaction, execution and delivery of key-party agreements, and required employee and consultant waivers and replacement offer letters, the anticipated integration of NYIAX and CyberCatch, the proposed issuance, timing and listing of $QEST utility tokens and the expectation that the total tokenized value of the Project Qestrel program will exceed $1 billion, the completion of the proposed nationwide buildout of SanQtum and Project Qestrel, and the expected impact of the foregoing transactions, initiatives or arrangements on the Company's business, operations, financial condition and results of operations, are necessarily based upon estimates and assumptions that, while considered reasonable by the Company and its management, are inherently uncertain. Readers are cautioned not to place undue reliance on these and other forward-looking statements contained herein. Actual results may differ materially from those indicated by these forward-looking statements as a result of various risks and uncertainties including, but not limited to, the following: the risk that the Company will not achieve its full year 2026 revenue target; risks related to our ability to deploy our technologies and gain market share in our target markets; the risk that Datavault AI will incorrectly anticipate market trends and/or fail to successfully exploit business opportunities; the risk that regulatory changes with respect to digital assets may negatively impact the markets in which Datavault AI operates, or fail to drive revenue growth to anticipated levels; risks that the CyberCatch acquisition may not be completed on the anticipated terms or timeline, or at all; risks that the anticipated benefits, synergies or value creation from the acquisition of NYIAX and/or the pending acquisition of CyberCatch will not be realized or will not be realized within the expected timeframe; risks associated with integrating NYIAX, and/or CyberCatch; risks that management's attention and resources will be diverted from existing operations; the risk that anticipated exchange launches may be delayed or that contracted opportunities may not convert into commercial activity and recognized revenue; the risk that the Company may be unable to issue or list $QEST tokens, obtain required regulatory clearances or achieve the expected tokenized value for Project Qestrel; risks that the nationwide SanQtum and Project Qestrel buildout will be delayed, not completed or not perform as expected; risks arising from dependence on third parties, including Available Infrastructure; changes in market demand for Datavault AI's services and products; changes in economic, market, or regulatory conditions; risks relating to evolving regulatory frameworks applicable to tokenized assets; risks associated with technological development and integration; and other risks and uncertainties as more fully described in Datavault AI's filings with the SEC, including its Annual Report on Form 10-K for the year ended December 31, 2025 and other filings that Datavault AI makes from time to time with the SEC, which are available on the SEC's website at www.sec.gov, and could cause actual results to vary from expectations. The forward-looking statements made in this press release relate only to events as of the date on which the statements are made. Datavault AI undertakes no obligation to update any forward-looking statements made in this press release to reflect events or circumstances after the date of this press release or to reflect new information or the occurrence of unanticipated events, except as required by law. Datavault AI may not actually achieve the plans, intentions or expectations disclosed in its forward-looking statements, and you should not place undue reliance on such forward-looking statements. Datavault AI's forward-looking statements do not reflect the potential impact of any future acquisitions, mergers, dispositions, joint ventures or investments it may make.
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