Datavault AI Inc.
For the period ended Mar 31, 2026. Filed May 15, 2026.
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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.
Mar 31, 2026 · Filed May 15, 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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Condensed Consolidated Statements of Cash Flows
(in thousands)
| Three Months Ended March 31, | ||
|---|---|---|
| 2026 | 2025 | |
| Cash flows from operating activities: | ||
| Net loss | $(53,131) | $(9,563) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Stock-based compensation | 5,234 | 648 |
| Depreciation and amortization | 3,161 | 2,321 |
| Amortization of debt discounts and paid-in-kind interest | 902 | 120 |
| Fair value of equity warrants in interest expense | — | (17) |
| Change in fair value of crypto currency | 16,133 | — |
| Loss on sale of bitcoin | 822 | — |
| Debt extinguishment | 1,725 | — |
| Impairment of nonmarketable security | 2,534 | — |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | 220 | 69 |
| Related party receivable | 500 | — |
| Unbilled accounts receivable | 401 | — |
| Inventories | (81) | 276 |
| Prepaid expenses and other current assets | (2,554) | 359 |
| Prepaid software | 289 | — |
| Other assets | 99 | 54 |
| Accounts payable | (4,339) | (291) |
| Due to related party | 18,818 | — |
| Accrued liabilities | 780 | 30 |
| Other liabilities | (240) | (30) |
| Net cash used in operating activities | (8,727) | (6,024) |
| Cash flows from investing activities: | ||
| Issuance of note receivable | (500) | — |
| Deposit for business combination | — | (1,000) |
| Cash paid for acquisition of API Media, net | (12,949) | — |
| Purchases of property and equipment | (264) | (52) |
| Disposals of property and equipment | (171) | — |
| Net cash used in investing activities | (13,884) | (1,052) |
| Cash flows from financing activities: | ||
| Repayments on notes payable | (6,963) | (406) |
| Proceeds form issuing shares through an At-The-Market (ATM) program | 29,985 | 4,945 |
| Equity issuance costs | (210) | — |
| Repurchase of common stock warrants | — | (622) |
| Net cash provided by financing activities | 22,812 | 3,917 |
| Net increase (decrease) in cash and cash equivalents | 201 | (3,159) |
| Cash and cash equivalents as of beginning of period | 2,004 | 3,330 |
| Cash and cash equivalents as of end of period | $2,205 | $171 |
| Noncash Investing and Financing Activities: | ||
| Capitalized acquisition costs | — | 117 |
| Unpaid financing issuances costs | — | 86 |
| Unpaid deferred offering costs | 469 | 117 |
| Settlement of Related Party Payable with Bitcoin | 18,156 | — |
| Intangible assets acquired with issuance of common stock | 5,400 | — |
| ATM Non cash offering costs | 5,812 | — |
| Reclass liability warrant to equity | — | 15 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.