--- title: "TaoWeave | 10-Q: FY2026 Q1 Revenue: USD 707 K" type: "News" locale: "en" url: "https://longbridge.com/en/news/286610816.md" datetime: "2026-05-15T20:30:22.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/286610816.md) - [en](https://longbridge.com/en/news/286610816.md) - [zh-HK](https://longbridge.com/zh-HK/news/286610816.md) --- # TaoWeave | 10-Q: FY2026 Q1 Revenue: USD 707 K Revenue: As of FY2026 Q1, the actual value is USD 707 K. EPS: As of FY2026 Q1, the actual value is USD 0.43. EBIT: As of FY2026 Q1, the actual value is USD -565 K. #### Consolidated Financial Performance (Three Months Ended March 31, 2026 vs. 2025) - **Revenue**: Total revenue increased by $85,000, or 14%, to $707,000 in Q1 2026 from $622,000 in Q1 2025. - **Cost of Revenue**: Total cost of revenue decreased by $136,000, or -36%, to $237,000 in Q1 2026 from $373,000 in Q1 2025. - **Gross Profit**: Consolidated gross profit increased by $221,000, or 89%, to $470,000 in Q1 2026 from $249,000 in Q1 2025. - **Operating Expenses**: Total operating expenses increased by $89,000, or 9%, to $1,029,000 in Q1 2026 from $940,000 in Q1 2025. - **Operating Loss**: The operating loss decreased by $132,000, or -19%, to -$559,000 in Q1 2026 from -$691,000 in Q1 2025. - **Other Income, Net**: Other income, net, significantly increased by $2,230,000 to $2,256,000 in Q1 2026 from $26,000 in Q1 2025, primarily due to unrealized and realized gains on digital assets. - **Net Income (Loss)**: The company reported a net income of $1,697,000 in Q1 2026, a significant improvement from a net loss of -$672,000 in Q1 2025. #### Digital Assets Segment (Three Months Ended March 31, 2026) - **Revenue**: $86,000 in Q1 2026, entirely from TAO staking rewards, with no operations in Q1 2025. - **Cost of Revenue**: $6,000 in Q1 2026, consisting of custodian and advisor fees. - **Gross Profit**: $80,000, resulting in a 93% gross profit percentage in Q1 2026. - **Operating Expenses**: $99,000 in Q1 2026, including cash and stock-based advisory fees. - **Other Income (Expense), Net**: $2,250,000 in Q1 2026, driven by $2,198,000 in unrealized gains and $52,000 in realized gains on digital assets. - **Digital Asset Holdings**: As of March 31, 2026, TaoWeave, Inc. held approximately 23,557 TAO tokens valued at $7.2 million, representing about 72% of total assets. - **TAO Token Activity**: TaoWeave, Inc. earned 348.44 TAO tokens through staking and sold 1,457 TAO tokens for $522,000 cash proceeds in Q1 2026. #### Managed Services Segment (Three Months Ended March 31, 2026 vs. 2025) - **Revenue**: Decreased by $86,000, or -17%, to $422,000 in Q1 2026 from $508,000 in Q1 2025, primarily due to disconnects in network services and lower revenue from existing video collaboration customers. - **Cost of Revenue**: Decreased by $148,000, or -40%, to $223,000 in Q1 2026 from $371,000 in Q1 2025. - **Gross Profit Percentage**: Increased to 47% in Q1 2026 from 27% in Q1 2025, mainly due to reduced personnel expenses. - **Customer Concentration**: One customer accounted for 97% of Managed Services revenue in Q1 2026. #### Collaboration Products Segment (Three Months Ended March 31, 2026 vs. 2025) - **Revenue**: Increased by $85,000, or 75%, to $199,000 in Q1 2026 from $114,000 in Q1 2025, driven by orders of spares and revenue related to installs. - **Cost of Revenue**: Increased by $6,000 to $8,000 in Q1 2026 from $2,000 in Q1 2025. - **Gross Profit Percentage**: Decreased to 96% in Q1 2026 from 98% in Q1 2025, mainly due to a bad debt recovery in Q1 2025. - **Operating Expenses**: $7,000 in Q1 2026, including sales and marketing and other miscellaneous expenses. #### Corporate (Unallocated) (Three Months Ended March 31, 2026 vs. 2025) - **Operating Expenses**: $923,000 in Q1 2026, a decrease of -$25,000, or -3%, from $948,000 in Q1 2025. - **Interest Income, Net**: $6,000 in Q1 2026, a decrease of -$21,000, or -78%, from $27,000 in Q1 2025. #### Cash Flow (Three Months Ended March 31, 2026) - **Net Cash Used in Operating Activities**: -$650,000. - **Net Cash Provided by Investing Activities**: $522,000, from the sale of TAO tokens. - **Net Cash Provided by Financing Activities**: $0. - **Cash and Cash Equivalents**: Decreased by -$128,000, ending at $2,130,000. #### Liquidity and Capital Resources (As of March 31, 2026) - **Cash and Cash Equivalents**: $2,130,000. - **Digital Assets**: $7,209,000. - **Working Capital**: $8,723,000. #### Future Outlook and Strategy TaoWeave, Inc. aims to provide public-market investors with economic exposure to the Bittensor ecosystem by primarily accumulating and staking TAO tokens, with plans to continue allocating substantial portions of excess cash to TAO without a formal cap. The company also intends to explore direct participation in the Bittensor network through potential investments or partnerships with subnet teams. For its legacy Collaboration Products segment, the Mezzanine™ product reached end of life in December 2025, with only minor maintenance revenue expected for the remainder of 2026 and no further product revenue. TaoWeave, Inc. believes its existing cash and TAO tokens will be sufficient to fund operations for at least the next twelve months, though additional capital is expected to be required in the long term for operations, growth, and increasing its cryptocurrency treasury. ### Related Stocks - [TWAV.US](https://longbridge.com/en/quote/TWAV.US.md) ## Related News & Research - [The Home Depot Announces First Quarter Fiscal 2026 Results; Reaffirms Fiscal 2026 Guidance | HD Stock News](https://longbridge.com/en/news/286890512.md) - [ONWARD Medical to Announce First Quarter 2026 Results on May 26, 2026 | ONWRY Stock News](https://longbridge.com/en/news/286858298.md) - [10:24 ETKuCoin EU joins policymakers, regulators and industry leaders across Digital Asset Forum 2026 in Vienna and ESMA Conference 2026 in Paris](https://longbridge.com/en/news/286787099.md) - [Royce Small-Cap Trust (NYSE: RVT) as of Apr 30, 2026 | RVT Stock News](https://longbridge.com/en/news/287103750.md) - [Autohome Inc. to Announce First Quarter 2026 Financial Results on May 28, 2026 | ATHM Stock News](https://longbridge.com/en/news/286390966.md)