Datavault AI Inc.
For the period ended Dec 31, 2025. Filed Mar 18, 2026.
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FY2025 · Filed Mar 18, 2026
DVLT$0.06+3.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
| | | | | | | |
|---|---|---|---|---|---|---|
| · · Year Ended December 31, | ||||||
| · · 2025 · · 2024 | ||||||
| Cash flows from operating activities: · · · · | ||||||
| Net loss | | $(78,994) | | $(51,409) | ||
| Adjustments to reconcile net loss to net cash used in operating activities: | | | | | ||
| Stock-based compensation | | | 6,259 | | | 2,976 |
| Depreciation and amortization | | 10,338 | | 70 | ||
| Amortization of debt discounts and paid-in-kind interest | | | 1,729 | | | 1,260 |
| Change in fair value of 10% convertible notes | | 20,604 | | — | ||
| Fair value remeasurement of crypto assets | | | (171) | | | — |
| Loss on sale of crypto assets | | | 567 | | | — |
| Fair value of equity warrants in interest expense | | | 16,657 | | | — |
| NYIAX | | | 595 | | | — |
| Loss reserve | | | 925 | | | — |
| Debt Extinguishment | | | 5,804 | | | — |
| Change in fair value of warrant liability | | | (19) | | | 29,120 |
| Changes in operating assets and liabilities: | | | | | ||
| Accounts receivable | | (539) | | (55) | ||
| Related party receivable | | | (30,000) | | | — |
| Unbilled accounts receivable | | | (1,411) | | | — |
| Inventories | | 1,145 | | 1,119 | ||
| Crypto assets | | | 10,272 | | | — |
| Prepaid expenses and other current assets | | (1,025) | | (349) | ||
| Prepaid software | | | (2,319) | | | — |
| Other assets | | | (3,752) | | | 93 |
| Accounts payable | | 7,438 | | | (228) | |
| Due to related party | | | 2,448 | | | — |
| Accrued liabilities | | 7,221 | | (41) | ||
| Other liabilities | | 2,618 | | (82) | ||
| Net cash used in operating activities | | (23,610) | | (17,526) | ||
| | | | | | | |
| Cash flows from investing activities: | | | | | ||
| Issuance of note receivable | | | — | | | (423) |
| Deposit for business combination | | | (1,000) | | | (1,000) |
| Payments for business acquisition | | | (6,500) | | | — |
| Purchases of property and equipment | | (380) | | (35) | ||
| Purchases of intangible assets | | — | | (99) | ||
| Net cash used in investing activities | | (7,880) | | (1,557) | ||
| | | | | | | |
| Cash flows from financing activities: | | | | | ||
| Proceeds from issuance of notes payable | | | 27,533 | | | — |
| Proceeds from issuance of common stock, net of offering costs | | | 4,763 | | | — |
| Proceeds from issuance of common stock in connection with warrant exercise | | — | | 8,063 | ||
| Proceeds from issuance of common stock, prefunded warrants and warrants, net of issuance costs | | | — | | | 19,558 |
| Proceeds from issuance of short-term loan, net of issuance costs | | | — | | | 600 |
| Proceeds from exercise of warrants | | | — | | | 714 |
| Repurchase of Series B preferred stock | | | — | | | (6,266) |
| Repurchase of short term loan | | | — | | | (667) |
| Issuance of securities in Big Lake transaction | | | 2,500 | | | — |
| Repayment of convertible note payable, related party | | (2,943) | | — | ||
| Payments on short-term debt | | | (1,316) | | | — |
| Other equity issuances | | | 250 | | | — |
| Repurchase of common stock warrants | | | (623) | | | — |
| Net cash provided by financing activities | | 30,164 | | 22,002 | ||
| Net decrease in cash and cash equivalents | | (1,326) | | 2,919 | ||
| Cash and cash equivalents as of beginning of period | | 3,330 | | 411 | ||
| Cash and cash equivalents as of end of period | | $2,004 | | $3,330 | ||
| | | | | | | |
| Supplemental disclosure of cash flow information: | | | | | ||
| Cash paid for interest | | $874 | | $274 | ||
| Cash paid for income taxes | | $4 | | $4 | ||
| | | | | | | |
| Noncash Investing and Financing Activities: | | | | | ||
| Reclassification of liability warrants to equity warrants | | $— | | $41,851 | ||
| Issuance of warrant liability in connection with financing | | $— | | $8,701 | ||
| Deemed dividend on conversion of Series B preferred stock and repurchase of Series B preferred stock | | $— | | $5,842 | ||
| Derecognition of Series B preferred stock liability warrants | | $— | | $824 | ||
| Issuance of stock-based compensation to vendors | | $— | | $600 | ||
| Warrant exercise in connection with loan settlement | | $— | | $333 | ||
| Issuance of common stock in connection with Series B preferred stock | | $— | | $325 | ||
| Unpaid financings issuance costs | | $— | | $269 | ||
| Issuance of common stock and convertible note payable in connection with the acquisition of intangible assets | | $— | | $92,000 | ||
| Unpaid intangible assets acquisition costs | | $— | | $476 | ||
| Cashless exercise of warrants | | $— | | $587 | ||
| Reclassification of equity warrants to liability warrants | | $— | | $645 | ||
| Cumulative effect of adoption of ASU 2020-06 | | $— | | $116 | ||
| Common Stock issued in exchange for crypto assets | | $117,664 | | $— | ||
| EOS Note payable conversion to common stock | | $3,100 | | $— | ||
| Convertible notes issued for CSI acquisition | | $9,718 | | $— | ||
| Non cash common shares issued in CSI acquisition | | $10,282 | | $— | ||
| Issuance of common stock to NYIAX | | $4,895 | | $— | ||
| Issuance of warrants with the 2025 Notes | | $16,657 | | $— | ||
| Issuance of common stock for CSI notes conversion | | $5,209 | | $— | ||
| Issuance of common stock with the 10% note conversions | | $47,960 | | $— | ||
| Issuance of common stock for waiver shares | | $5,449 | | $— | ||
| Common stock issued for intangibles | | | 3,485 | | | — |
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