Datavault AI Inc.
For the period ended Sep 30, 2025. Filed Nov 14, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Nov 14, 2025
DVLT$0.06-16.5%Stored close · as of Nov 9, 2026
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Condensed Consolidated Statements of Operations
For the three and nine months ended September 30, 2025 and 2024
| | | | | | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| · · Three Months Ended September 30, · · Nine Months Ended September 30, · | |||||||||||||
| · 2025 · 2024 · 2025 · 2024 | |||||||||||||
| | | | | | | | | | | | | | |
| Revenue, net | | $2,904 | $1,172 | | $5,268 | $1,772 | | ||||||
| Cost of revenue | | 2,809 | 946 | | 5,069 | 1,618 | | ||||||
| Gross profit | | 95 | 226 | | 199 | 154 | | ||||||
| | | | | | | | | | | | | | |
| Operating Expenses: | | | | | | | | | |||||
| Research and development | | 4,975 | 2,225 | | 11,560 | 5,729 | | ||||||
| Sales and marketing | | 2,209 | 983 | | 5,446 | 2,777 | | ||||||
| General and administrative | | 7,667 | 2,261 | | 19,839 | 6,454 | | ||||||
| Total operating expenses | | 14,851 | 5,469 | | 36,845 | 14,960 | | ||||||
| Loss from operations | | (14,756) | (5,243) | | (36,646) | (14,806) | | ||||||
| | | | | | | | | | | | | | |
| Interest expense, net | | (864) | 9 | | (18,186) | (1,260) | | ||||||
| Change in fair value of 2025 and Q3 2025 notes measured at fair value | | | (10,772) | | | — | | | (19,576) | | | — | |
| Change in fair value of convertible note to related party measured at fair value | | | (1,119) | | | — | | | 236 | | | — | |
| Change in fair value of warrant liabilities | | — | 6 | | 19 | (29,120) | | ||||||
| Extinguishment of debt | | | (5,804) | | | — | | | (5,804) | | | — | |
| Other income, net | | | 339 | | | 136 | | | 307 | | | 136 | |
| Loss before provision for income taxes | | | (32,976) | | | (5,092) | | | (79,650) | | | (45,050) | |
| Provision for income taxes | | — | — | | 5 | — | | ||||||
| Net loss | | | (32,976) | | (5,092) | | | (79,655) | | (45,050) | | ||
| Deemed dividend on conversion of Series B preferred for common stock and repurchase of Series B preferred stock | | | — | | | — | | | — | | | (5,842) | |
| Deemed dividend on issuance of common stock and warrants in connection with amendment to warrants to purchase common stock | | | — | | | (2,253) | | | — | | | (2,253) | |
| Net loss attributable to common stockholders | | $(32,976) | | $(7,345) | | $(79,655) | | $(53,145) | | ||||
| Net loss per common share - basic and diluted | | $(0.33) | $(1.39) | | $(1.05) | $(16.81) | | ||||||
| Weighted average number of common shares used in computing net loss per common share | | 101,110,635 | 5,278,064 | | 75,898,809 | 3,162,227 | | ||||||
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