Datavault AI Inc.
For the period ended Jun 30, 2025. Filed Aug 19, 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.
Jun 30, 2025 · Filed Aug 19, 2025
DVLT$0.06+3.5%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Operations
For the three and six months ended June 30, 2025 and 2024
| | | | | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| · · Three Months Ended June 30, · · Six Months Ended June 30, | ||||||||||||
| | 2025 | 2024 | 2025 | 2024 | ||||||||
| | | | | | | | | | | | | |
| Revenue, net | | $1,735 | $345 | | $2,364 | $600 | ||||||
| Cost of revenue | | 1,700 | 334 | | 2,260 | 672 | ||||||
| Gross profit (deficit) | | 35 | 11 | | 104 | (72) | ||||||
| Operating Expenses: | | | | | | | ||||||
| Research and development | | 4,224 | 1,789 | | 6,585 | 3,504 | ||||||
| Sales and marketing | | 1,742 | 865 | | 3,237 | 1,794 | ||||||
| General and administrative | | 6,528 | 2,762 | | 12,172 | 4,193 | ||||||
| Total operating expenses | | 12,494 | 5,416 | | 21,994 | 9,491 | ||||||
| Loss from operations | | (12,459) | (5,405) | | (21,890) | (9,563) | ||||||
| | | | | | | | | | | | | |
| Interest expense, net | | (17,202) | (4) | | (17,322) | (1,269) | ||||||
| Change in fair value of 2025 Notes measured at fair value | | | (8,804) | | | — | | | (8,804) | | | — |
| Change in fair value of convertible note to related party measured at fair value | | | 1,355 | | | — | | | 1,355 | | | — |
| Change in fair value of warrant liabilities | | 2 | (37,255) | | 19 | (29,126) | ||||||
| Other expense, net | | | (3) | | | (1) | | | (32) | | | — |
| Loss before provision for income taxes | | | (37,111) | | | (42,665) | | | (46,674) | | | (39,958) |
| Provision for income taxes | | 5 | — | | 5 | — | ||||||
| Net loss | | | (37,116) | | (42,665) | | | (46,679) | | (39,958) | ||
| Deemed dividend on conversion of Series B preferred for common stock and repurchase of Series B preferred stock | | | — | | | — | | | — | | | (5,842) |
| Net loss attributable to common stockholders | | $(37,116) | | $(42,665) | | $(46,679) | | $(45,800) | ||||
| Net loss per common share - basic and diluted | | $(0.54) | $(11.89) | | $(0.77) | $(21.95) | ||||||
| Weighted average number of common shares used in computing net loss per common share | | 68,174,418 | 3,587,122 | | 60,968,158 | 2,086,312 | ||||||
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